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200901988
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Last modified
3/19/2009 1:45:10 PM
Creation date
3/19/2009 1:45:08 PM
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DEEDS
Inst Number
200901988
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<br />200901988 <br /> <br />membership of the corporation, partnership, limited liability company, trust, or association, then <br />such corporation, partnership, limited liability company, trust, or association shall lose its right to <br />vote, and it shall not be considered as a member for the purpose of determining the requirement <br />for quorum or any other purpose requiring the approval of a person entitled to cast the vote for <br />the unit owned by such corporation, partnership, limited liability company, trust, or association <br />until a person who shall have the right to vote the membership is appointed. <br /> <br />7.4 Suspension of Voting Rights. In the event any owner of a unit is in arrears in the <br />payment of any assessment or other amounts due under the terms of this Declaration and the By- <br />Laws for a period of fifteen (15) days, said owner's right to vote as a member of the Association <br />shall be automatically suspended and shall remain suspended until all payments, including <br />accrued interest and attorneys fees, are brought current. Automatic suspension also is imposed <br />for a unit owner's infraction of this Declaration or the By-Laws, for a period not to exceed sixty <br />(60) days. <br /> <br />7.5 Transfer of Membership. The Association membership of each owner of a unit shall <br />be appurtenant to such unit. The rights and obligations of an owner and membership in the <br />Association shall not be assigned, transferred, pledged, conveyed or alienated in any way except <br />upon transfer or ownership of such unit, or by intestate succession, testamentary disposition, <br />foreclosure of a mortgage of record, exercise of power of sale under a Deed of Trust, or such <br />other legal process as in effect or as may hereafter be established under or pursuant to the laws of <br />the State of Nebraska. Any attempt to make a prohibited transfer shall be void and shall not be <br />reflected upon the books and records of the Association. Any transfer of ownership to said unit <br />shall operate to transfer said membership to the new owner thereof. <br /> <br />ARTICLE VIII. <br /> <br />ALLOCATION OF COMMON ELEMENT INTEREST <br />AND COMMON EXPENSE LIABILITIES <br /> <br />Each unit is allocated that percentage of undivided interest in common elements and in <br />the common expenses of the Association as the area in each such unit bears to the total area of all <br />of the units. Accordingly, the initial allocation for each of the Units shall be as follows: <br /> <br />Unit Number Area Allocation <br />101 7,450.00 48.383% <br />102 4,533.50 29.442% <br />103 3,414.50 22.175% <br />Total 15,398.00 100% <br /> <br />ARTICLE IX. <br /> <br />ASSESSMENTS FOR COMMON EXPENSES <br /> <br />9.0 Payments of Exoenses Prior to Assessments. Until the Association makes a common <br />expense assessment, the Declarant shall pay all common expenses. After any assessment has <br /> <br />{0886166.3} <br /> <br />- 12 - <br />
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