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0CA 11 -� 005507 Elements. Except as otherwise provided in the Condominium Documents, all powers and duties of the Association shall be exercised by and through the Board of Directors. (B) Articles of Incorporation of the Association are filed with the Office of the Secretary of State of the State of Nebraska_ Cmies of the Artiel6a sutu ,iiG Byi8w:3 of iite ii33octa`cio i 6itaii be a"urni.shed- by rie Aee6u'ieU4on to all Owners upon request. (C) The power of designation and appointment of the Board for the period of Declarant control as defined in Paragraph 27 (Declarant" Control) has been and will be exercised by Declarant to the extent provided herein or in the Bylaws, unless Declarant -sooner relinquishes its rights- of designation and appointment by means of an instrument recorded in the records of the: Register of Deeds of the County. (D) Each Owner of a Condominium Unit shall become a Member of the Association upon conveyance to him /her of his /her interest in a. Condominium Unit and shall remain a Member for the period of his /her ownership. (E) For the purposes of the Condominium Documents, the term "Board" and "Board of Directors" shall refer to and be the same as the term "Execu- tive Board" which may be found in the Nebraska Uniform Condominium Act. (F) The Board shall adopt a bvci,,�:' for the Condominium and within. thirty (30) days of the adoption of r_.: proposed budget, the Board shall provide a summary of the budget to au Unit Owners, set a date for a "meeting, of the Unit Owners to consider ratification of the budget as provided in the Bylaws. Unless, at that meeting, the budget is rejected by two - thirds of all the votes in the Association, the budge, shall be considered ratified, whether or not a quorum is present. In the event the proposed budget is rejected, the periodic budget last ratified by the Unit Owners shall be continued until such time as the Unit Owners ratify a subsequent budget proposed by the Board. 18. Management Contracts. If entered into during the period of Declarant control, as defined in Parag -rape 27 (Declarant Contivii (i) any management contract, service con- tract, employment contract, or lease of recreational or parking area of Con- dominium, if any, or (ii) any other contract or lease between the Association and the Declarant or an Affiliate of the Declarant may be terminated without penalty at any time after all the members of the Board are elected by the Unit Owners as provided herein and in the Bylaws upon not less than one hundred eighty (180) days' notice to the other party. This paragraph shall not apply to any lease the termination of which would terminate the Condo - mini'.:' r .'2 or _educe `t,- _ - ,finless the real estate subject to that lease -was included in the Condominium for the, purpose of avo;ding the right of the Association to terminate a lease under this paragraph. The provisions of this paragraph shall be contained verbatim in any such management contract entered into during the period of Declarant control. -14- X is IN R