84005507 - Laserfiche WebLink

Browse

84 --- 00550' either registered or certified mail, postage prepaid and addressed in the name of the Owner of such registered mailing address. All notices, demands or other notices intended to he served moon the Association shalt be gent by certified mail, postage prepaid to The Yancey Condominium . Association, Inc., c/o Devco Investment Corporation, 4616 Pierce Drive, P.O. Box 4595, Lincoln, Nebraska 68504, until such address is changed by a notice of add - ress change Daly recorded ._. the records of the Register of Deeds of .tae County. 37. Amendment to Declaration. Except as elsewhere provided otherwise, this Declaration may be amended in the following manner: (A) Notice. Notice of the subject matter of a proposed amendment shall be included in the notice of any meeting at which a proposed amendment is considered. (B) Resolutions. Resolutions for the adoption of a proposed amendment may be proposed by either the Board or by the Members of the Association. Any amendments must be approved by Members which represent not less than sixty -seven percent (67 %) of the Allocated Interest of the Property. (C) Proviso. No amendment shall isnlawfully discriminate against any Unit Owner or against any Unit, and .,s., )mendmer..' may create or increase special Declarant rights, increase the :umber of Units, change the boundaries of any Unit, the Allocated interests of a Unit, or the uses to which any Unit' is restricted, in the absence of the consent of two - thirds of the Unit Cowners. No action to challenge the validity of an amendment adopted by the Associa- tion pursuant to this Paragraph may be bro =ught more than one year after the amendment is recorded. (D) Execution anndRecording. A copy of each amendment shall be prepared and executed y —the � icton attached to a certificate certifying that the amendment was duly adopted, which certificate shall be executed by the officer of the Association designated by resolution for such purpose or in the absence of a resolution, by the president. The amendment shall be effective when such certificate and copy of the amendment are recorded in the .1 gis:et of wd5 of ...a County. 38. Termination. Except in the case of a complete taking of all the Units of the Condo- minium Project by eminent domain, the Condominium may be terminated only by agreement of the Owners of Units to which at least eighty percent (80 %) of the votes of the Association are allocated. An agreement to terminate must be evidenced by the execution of a termination agreement; or ratifications there- of, in the same manner as a deed, by Owners of Units to which at least eighty percent (80 %) of the votes of the Association are allocated. Said termination agreement must specify a date after which the agreement will be void unless it is recorded before that date. The termination agreement is effective only upon recordation in the County. The Uniform Condominium Act shall govern any termination. -28- a U W1