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?0~ Utf`i;~~t! Section $. Effect of Non t of Assessments: Remedies a tie ssoclat on. ny assessment not p w t in t rty ys a ter t due date shall bear interest fram the due date at the rate of twelve per cent (12%) per am;um. If three or more monthly installments of assessment on any Lot shal3 be unpaid, then the remaining installments of the assess- ment for such fiscal year, at the option of the Board of Directors shall become at once d.ie and payable. The 4ssociation may bring an action at law against the Owner personals-~• obligated to pay the same, or foreclose the lien against the property in the same manner as provided bq law for foreclosure of mortgages. No Owner may waive or otherwfse escape liability for the assessments pro- vided herein by non-use of the Cagan Area or abandonment of his Lot. Section 9. Subordination of the Lien to Mnrt es and Releasee~. a ien o t e assessments pr or ere n s a e sv rdinate to the lien of any first mortgage, and arty first mortgagee may rely an this provision without execution of any further subordination agreement by the Association. sale or transfer of any Lot shall not affect the status or priority of the lien for assessments made as provided. herein. The Board of Directors of tlbe Association may release the lien of past due assessments on property as to which the first mort- gage is ~.:n default if the Board determines that the Lien has no valve to the Association. ;Section 1~V.Exe~ t_ ~1'ra~er.t~. All properties dedicated to, and accepte y, a oc~f public authority and all properties owned by a charitable or nonprofit organization exempt from taxv.tion by the lays of the State of Nebraska shall be exempt fram the assessments created herein except that no Lot, land or improvements devoted to dwelling use shall be exempt from said assessments. ARTIGLE i3 ARCH;i7'ECTUI+~AL CC1NTFtOL I~~ bvi7.=,ling, fence: =~aT~ or :~th:~r structure shall be eommenced, erected or maintained upon the .Properties, nor shall any exter~.ar addition tc, or change or aite:ra.ti.on therein be maw ixttil the plans and specifications showing the nature, kind, shape, height, materials, exterior color scheme, and location of the same shall have been submitted to and approved in writing as to harmony of external design and location in relation to surrounding structures and topography by an Architectural Comsai.ttee composed of three (3) or mare representatives appointed by the Board ("Gommittee") or by the Board of Directors of the A,ssc+ciation, which shall perform the duties hereunder of the Commdttee if no Committee :is appointed. In the event the Committee fails to approve or disapprove such design and location within thirty (3O) days after said plans aad specifications have been sulsraitted to it, approval will not he required and this Article will. be deemed to have been fully comq~lied with. ARTICLE VI PARTY WALLS Section 1. General Rules of Law *_o Apgiy. Each wall Ihuilt as a~'~ng wall between separate a ngs constructed the Lass as part of the original construction of homes upon Properties shall constitute a party wall to be used by the a~~oining I~rs as sur3i, notwithstanding the fact that the a.~ I a_} r4. s.,.a..rl. F.. sr~.tz~s, v~~ ~rivr six a':uuatrigticzt ur scttirzg of the~wali,ys~y not begiocated precisely on the dividing line bet+re~s the lots. To the extent not inconsistent with the pro- visiosos of this Article. Use general rules of law regarding party 3aalis atnd liability for property damage due t.o negligence ear aillfvl sets or omissions shall apply thereto. _~_