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. , . 200602228 (3) Eighty percent (80%) of the unit owners, including every owner of a unit or assigned limited common element which will not be rebuilt. vote not to rebuild. The cost of repair or replacement in excess of insurance proceeds and reserves is a common expense. If the entire condominium isn't repaired or replaced, (1) The insurance proceeds attributable to the damaged common elements must be used to restore the damaged area to a condition compatible with the remainder of the condominium; (2) The insurance proceeds attributable to units and limited common elements which are not rebuilt must be distributed to the owners of those units and the owners of the units to which those limited common elements were allocated, or to lienholders, as their interests may appear; and (3) The remainder of the proceeds must be distributed to all the unit owners or lienholders, as their interests may appear, in proportion to the common element interests of all the units. If the unit owners vote not to rebuild any unit, that unit's allocated interests are automatically reallocated upon the vote as if the unit had been condemned under Subsection (a) of Section 76-831, and the Association promptly shall prepare, execute and record an Amendment to the Declaration reflecting the reallocations. Section 3. Condemnation. (a) If a unit is acquired by eminent domain, or if a part of a unit is acquired by eminent domain, leaving the unit owner with a remnant which may not practically or lawfully be used for any purpose permitted by the Master Deed and Declaration, the award must compensate the unit owner for his or her unit and its interest, in the common elements, whether or not any common elements are acquired. Upon acquisition, that unifs allocated interests are automatically reallocated to the remaining units in proportion to the respective allocated interest of those units before the taking, and the Association shall promptly prepare, execute, and record an Amendment to the Master Deed and Declaration reflecting the reallocations. Any remnant of a unit remaining after part of a unit is taken under this Subsection is thereafter a common element. (b) Except as provided in Subsection (a) of this Section, if part of a unit is acquired by eminent domain, the award must compensate the unit owner for the reduction in value of the unit and its interest in the common elements, whether or not any common elements are acquired. Upon acquisition: (1) Unit's allocated interests are reduced in proportion to the reduction in the size of the unit, or any other basis specified in the Master Deed and Declaration; and (2) The portion of the allocated interest divested from the partially acquired unit are automatically reallocated to that unit and the remaining units in proportion to the respective allocated interests of those units before the taking, with the partially acquired unit participating in the reallocation on the basis of its reduced allocated interest. 15