81002087 - Laserfiche WebLink

Browse

$1-- U(12U8 Section 7. Plan of Remodelin ar Reconstruction - Obsolescence. Ian of remodeling or reconstruction is adopted by the In the event that a P roved by the first mortgagees as above set forth, o-,aners and subsequently app the B€+ard of Administra~eserveslasfsethforthpforQensu~ance~proceedseinnSectiont2e improvements, applYin9 of Article X, with the same rights as to special assessments as set forth therein. Section 8. Plan of Sale - Obsolescence. In the event that a plan of sale is adopted by the owners and subsequently approved by the first mortgagees, as above set forth, then the Board of Administra- tors shall forthwith record a notice setting forth such fact or facts, and upon the recording of such notice wiY.h the Register of Deeds of Hali County, Nebraska, by the Association's President and Secretary or ~elAssociationtaryr the entire premises shall be offered fot sale and sold y as attcrney-in-fact for alI owners, pursuant to the provisions of this Article, free and clear of the provisions contained in the Master Deed, Articles of Incorporation and these By-Laws. The funds and reserves established and hel Y roceeds from the sale of the entire Regime shall be divided tk:e Association and the p eneral common to each owner's ir.*_erest in the g each by the Association accordingroceeds shall be paid into separate accounts, elements, and such divided p account representing one of the condominium suites or garages. Eaoh suc account shall be in the name of the Association and thelname ofrtherawnert1fThe by the Condominium suite or oar age desig. without contribution total funds of eaoh account s~al~heeASSOCia*aon,sasrattorney-in-fact, as set from one account to another, Y forth in Section 12 of Article X• Section 9, Conde~snatian. In the event of taking by candemnatian or eminent domain of all or part of the ccx~w`~on area, the award made shall be uaid to the Board of Administrators- If r~,lding eighty percent ($0~1 or more of hombthecdate1efothehawacdaoaPProve o;. per _ Property Regime do not, within sixty (0~3 daYs expanding,or restor~r~-y the ase of the proceeds from the award for use in repairing, the common area, the Board of AdministrstoandJhr.ltheosamelordersbsris Provided in proceeds of the award for the same purpo e Section 12 of Article X. Section I6. Power of Sale' 5 or Section 8 i~ „f the entire Regime pursuant to Seotron ~ condaminium In the event of sa.~ - termination cf t..e of Article X, or upon adoption of such a plan upon Property Regime pursuant to Section In°ArticlelX Xn~dealingewithea purchase1orion shall have all the powers set forth purchasers as attorney-in-fact. Section I1. Sale of Suite cr Garage - Default in S _cial Assessment Under Article X. The assessment provided for herein beaenforceddand collected asrisnprovided in his condominium suite or garage and may Section 5 of Article V. In add itianwtietotoellhthescn dominiumasuiteoore9arageaof~ shall have the absolute right and po assessment within the time any awner refusing or failing to oay such deficiency grovided, and if rot so paid, the Association shall cause to be recorded a notice that the condominium suite or garagersuantetoethegprovisions ofathiseSectionY tThe Association, as attorney-in-fact, Pu as to the Association the costs and expenses delinquent owner shall ae required to p al rate on the amount of the €or fiiirag the notices, interest at th¢ highest leg assessment and all reasonable attorney's fees. The proceeds derived from the sale of such condomifaumrsinttherordergsetk,fartheinsSectiondl2DOf ArticlepXASS~yation, as attorney the unpaid assessments >hall remain the personal abligatian ~ficiency of funds to pay of the deiirtquent suite ar garage owner. _ Ib-