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ARTICLE VIII ~~~ ~~~ ~59~ INSUI#P,DICE Section 1. Insurance. The Association shalt purchase insurance onn Armen such amounts as it deems reasonable. Section 2. Association as Agent. :"ne Association is hereby irres~oca~bTy appainte agent or each C~sa~ter and his mort- gagees co adjust all claims arising under insurance poiicies purchased by the Association on the improvements on the Properties and to execute and deliver releases upon payment of claims with- out joinder by the Owner. Ail insurance proceeds shall-be applied by the Association t~ard repairing the damage suffered; provided thaC reconstruction or repair shall not be compulsory where the damage azceeds two-thirds (2/3} of the value of the buildings aad improvements. In such case, .should the Owner so elect not to rebuild, the proceeds, along with the insurance indemnity, if arty, shall be credited to each Owner in accordance with his pro rata share of the loss sustained by the damage ar casualty for whack the proceeds :;hall be payaErie, and said sums shall be first applied toward satisfaction of any recorded first mortgage against catch Lot, next toward satisfaction of jtmiar recorded Liens in o.,rder of their priority, next toward. the cost of razing the im- pravements or any remnants thereof Pram said premises and the fillies and leveling of said. Lot, and the remainder shall then be poi to sucFt Owner. In case the insurance proceeds clo not equal the cost of repairs, the excess cost sha12 be considered a maintenance expense to be assessed and collected by the Association from the Owners of the damaged improvements. In cases of over-insurance, any excess proceeds of insurance received shall he credited to the. Working Fcmd for the Association. Section 3. Additional Insurance. Each Lot Owner may obtain addlt ana nsurance at s expense, for his awn benefit. ARTICLE. I~ ACCESS The Association, i.ts employees and agents. shal}'G have the right to go on ary Lot for the purposes of performing main- eenance and repair, making inspections and performing its duties hereunder, and is hereby granted a specific easement for such purpose. ARTICLE R GENERAL PROVISIONS Section i. Enforcement. The Dissociation or any Citntter, shall have t e ri t to en orce y any proceeding at law nor in equity, alt restrictions, conditions, e,ovenants, reservations, liens, and charges now or hereafter imposed by the previsions of thi:a IIeclarata.on_ Failure by *_he Association or by an Owner to e~sfesrce any covenattt6 or restrictions herein contained shall in tLa e'SM'e~tt be deed a waiver of the right to do so thereafter. section y. Severabilit=. Zrvaiidation of any one of thL:tte- cava~nta or restr~ct"~'~~icrn' ~~d -by judgt~nt or court order shall in ttla way affect any other provisions which shai2 remain in full furr~,e aad effect . Section 3. Attdment. The covenants and restrictions -.~----y-~- uz II{7.S 3Afii,9$a~faf1 BClali Ytttt With. ante t}InSt Cne lanft tar a Cerro a~f fiftesn (1 S} years from the date this Declaration is recorded after ++bich tiara it shall he automatically extended for successive prr'tiads of ten (lO} yearx. `Phis Declaration may oe amended -p_