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200606199
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Last modified
7/12/2006 4:21:18 PM
Creation date
7/12/2006 4:21:17 PM
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DEEDS
Inst Number
200606199
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<br />200606199 <br /> <br />real property, and such owner hereby expressly grants to the Association a power of sale in <br />connection with said lien. The lien provided for in this section shall be in favor ofthe Association <br />and shall be fore the benefit of all other Owners. The Association acting on behalf of the Owners, <br />shall have the power to bid in an interest foreclosed at foreclosure sale and to acquire and hold, lease, <br />mortgage and convey the same. No Owner may waive or otherwise escape liability for the <br />assessments provided for herein by non-use of the common area or abandonment of a Lot. <br /> <br />9. Notice of Lien . At any time any assessment becomes more than thirty (30) days past due, <br />the Association or its agents may file of record an affidavit stating the facts relative thereto, which <br />affidavit shall serve as public notice of the existence of the lien, and that the lien shall also cover <br />unpaid assessments which accrue after the date ofthe filing of the lien. No purchaser or mortgage <br />holder who does not have personal or public notice of the lien shall be subject thereto and the lien <br />shall not be foreclosed where any such bona fide purchaser or mortgagee has an interest of record in <br />said Lot. <br /> <br />10. Subordination ofthe Lien to Mortgages. The lien of the assessments provided for herein <br />shall be subordinate to the lien of any first mortgage. Sale or transfer of any Lot shall not affect the <br />assessment lien. However, the sale or transfer of any lot pursuant to mortgage foreclosure or any <br />proceeding in lieu thereof, shall extinguish the lien of such assessments as to payments which <br />become due prior to such sale or transfer. No sale or transfer shall relieve such lot from liability for <br />any assessments thereafter becoming due or from the lien thereof. <br /> <br />ARTICLE IX <br />THE ASSOCIATION <br /> <br />1. Membership. Every person or entity who is a record owner of a fee or undivided fee <br />interest in any numbered Lot which is subject to the Declaration shall be a member of the <br />Association. Membership shall be appurtenant to and may not be separated from ownership of any <br />Lot which is subject to assessment by the Association. <br /> <br />2. Membership Classes and Voting Rights. The Association, at this time, shall have only <br />one class of voting membership. The vote for each lot shall be one (1) vote per lot. <br /> <br />3. Authority. The Association shall have the full power and authority of all corporations <br />formed under the Nebraska Non-Profit Corporation Act, except that any provisions of this Article of <br />this Declaration which are more restrictive than the Nebraska Non-Profit Corporation Act shall be <br />binding upon the Association. The management and the affairs ofthe Association shall be under the <br />exclusive direction and control ofthe Board of Directors of the Association, except as is specifically <br />reserved to Developer herein and as limited by this Declaration. The Board of Directors may hire <br />such employees or independent contractors as it sees fit to perform its duties under this Amended <br />Declaration. <br /> <br />4. Enforcement. The Association, or any Owner, shall have the right to enforce, by any <br />proceeding at law or in equity, any and all provisions of this Declaration. No failure to enforce any <br />provisions hereof shall be deemed in any event to constitute a waiver ofthe right to do so thereafter. <br /> <br />9 <br />
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