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200901988 12.4 Manner of Execution. Amendments to this Declaration required to be executed by the Association shall be executed on behalf of the association by any officer of the Association designated for that purpose, or, in the absence of designation, by the president of the association. ARTICLE XIII. CONVEYANCE OR ENCUMBRANCE OF COMMON ELEMENTS 13.0 Conveyance or Encumbrance of Common Elements. Portions of the common elements may be conveyed or subjected to a mortgage, deed of trust or security interest by the Association if persons entitled to cast at least 80% of the votes in the Association agree to that action in the manner prescribed in the Condominium Act, except that all of the owners of units to which any limited common element is allocated must agree in order to convey that limited common element or subject it to a mortgage, deed of trust or security interest. Proceeds of the sale or encumbrance of the common elements are an asset of the Association. 13.1 Contents of Agreement. An agreement to convey common elements are subject then to a mortgage, deed of trust or security interest shall be evidenced by the execution of an agreement or ratification of the agreement in the same manner as a deed, by the requisite number of unit owners. The agreement shall specify a date after which the agreement will be void unless previously recorded. The agreement and all ratifications of the agreement shall be recorded in Hall County, Nebraska. 13.2 Contract bv Association. The Association, on behalf of the unit owners, may contract to convey an interest in the common elements, but the contract is not enforceable against the Association until approved pursuant to Section 13.0 and 13.1. Thereafter, the Association has all powers necessary and appropriate to affect the conveyance or encumbrance, including the power to execute deeds or other instruments. 13.3 Void Transactions. Except as permitted in this Article, any purported conveyance, encumbrance, judicial sale or other voluntary transfer of common elements is void. 13.4 Rights of Access and Support. A conveyance or encumbrance of common elements pursuant to this Article does not deprive any unit of its rights of access and support. 13.5 Preexisting Encumbrances. A conveyance or encumbrance of common elements pursuant to this Article does not affect the priority or validity of preexisting encumbrances. ARTICLE XIV. TERMINATION OF CONDOMINIUM 14.0 Requirements for Termination. Except in the case of a taking of all of the units by eminent domain, the condominium may be terminated only be agreement of unit owners of units to which at least 85% of the votes in the Association are allocated. {0886 166.3 } - 16-