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l> 200709255 Section 7. Assessment Lien. If any unit owner shall fail or refuse to make any payment of an assessment when due, the amount thereof shall constitute a lien on the interest of the unit owner in his unit and the Directors may record such lien in the Office of the Register of Deeds of Hall County, Nebraska; whereupon, said lien shall be privileged over and prior to all liens and encumbrances except assessments, liens and charges for taxes past due and unpaid on the unit and except prior duly recorded mortgage and lien instruments. Assessments delinquent more than ten (10) days after the due date shall bear interest at the highest legal rate from the due date until paid. The delinquency of one installment of an annual assessment shall cause all remaining installments, at the option of the Association, to immediately become due and payable. The Executive Board shall have the right and duty to attempt to recover such common charges, together with interest thereon, and the expenses of the proceeding, including attomey fees, in an action to recover the same brought against such unit owner, or by foreclosure of the lien on such unit granted by Section 76-874 of the Nebraska Condominium Act. In any action brought by the Executive Board to foreclose a lien on a unit because of unpaid assessments, the unit owner shall be required to pay a reasonable rental for the use of his unit, and the plaintiff in such foreclosure action shall be entitled to the appointment of a receiver to collect the same. The Executive Board, acting on behalf of all unit owners, shall have power to purchase such unit at the foreclosure sale, and to acquire, hold, lease, mortgage, vote the votes appurtenant, to conveyor otherwise deal with the same. A suit to recover a money judgment for unpaid assessments shall be maintainable without foreclosing or waiving the lien securing the same. Section 8. Statement of Unpaid Assessments. Upon the written request of any owner, prospective purchaser or of any mortgagee of a condominium unit, the Executive Board, or the Managing Agent, shall issue a written statement setting forth the amount of the unpaid assessments, if any, with respect to the subject unit, the amount of the current periodic assessment and the date that such assessment became due, any penalties due, and credit for advance payments Dr for prepaid items, which statement shall be conclusive upon the Association in favor of all persons who rely thereon in good faith. Section 9 Nonwaiver. The omission or failure to timely fix any assessments or deliver or mail a statement for any period shall not be deemed a waiVer, modification or a release of the owners from their obligation to pay the same. ARTICLE VI. INSURANCE Section 1. Coveraoe. The Executive Board shall obtain and maintain, to the extent obtainable: (a) Property insurance on the property (units) including the common elements insuring against all risks of direct physical loss commonly insured against. The total amount of insurance after application of any deductibles shall be not less than ninety percent (90%) of the actual cash value of the insured property at the time the insurance is purchased and at each renewal date, exclusive of land, excavations, foundations, and other items normally excluded from property policies; and (b) Liability insurance, including medical payments insurance, in an amount determined by the Executive Board, but not less than $1,000,000.00, covering all occurrences commonly insured against 10