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I Section 12 Application of Proceeds:. Proceeds received as set forth i.n the preceding Sections and as applicable to each suite or garage shall be used and disbursed by the Association as attorney- in-fact, in the following order: {a} For payment of taxes and special assessments liens in favor of any assessing entity and the customary expense of sale; {b} For payment of the balance of the lien of any first mortgage; (c} For payment of unpaid assessments and all costs, expenses and fees incurred by the Association; id) For payment of junior liens and encumbrances in the order of and to the extent of their priority; and (e) The balance remaining, if cry, shall be paid tc the condominum suite or yarage owner. Section 13, No Abatement of Assessments. Assessments for common expnesec shall not be abated during the period of insurance adjustment and repair and reconstruction, remodeling or reconstruction, nor prior to sale of any suite oc garage for delinquent unpaid assessments. Section 14. Approvals. Rs used in this Article, the percentage "otraluesgseteforth tin Paragraph ga_age owners shall be based upon the percentage 'v'1 of the t•laster Deed. Those percentages shall refer to totali-percentages and not merely to percentages of owners in attendance, in person or by proxy, at meetings where votes are conducted. RRTFCLE X1. TERMINATION OR,:~ME_3UMENT. section 1. _Terminetion. Except as otheraise gro~:ided, owners hcldlny eighty percent {80$) or more of the basic •-.aloe of the Condominium Property °e91mn~~e'righttto terminat4ethist k:aster Deems, _, ~l I have forth in Paragraph o of t,.~ ,~„i.r,nnc of Section 75-81'2 of the Condominium Prop~.ty aegime, suuject ~„ _.,_ ~....,.-_-_.._ Condominium Act. Section 2. Amendment t~• c?wners. There shall be no amendruent to these By-Laws unless owners holding seReni~' five aercent (75€) or more of the basic value of the Condominium Property eg using percentages set forth in Paragrap!: vI :?f the Master Deed, shall have voted therefor in the affirmatives at a special or annual meeting; provided, however, that percentage voting requirements contained ir. these Esy-Laws shall not be amended by a lesser percentage '='ote than that sought to be amended, and provided further that such amendment shall have *_he approval of afore than fifty percent (SU°s), in number, of the first mortgagees of record ~spon the date of adoption of said amendment. Section 3 Amendment t'y Develo~er_ Anything contained in these By-Laws .~c in the Master Deed or Articles of IncocF~;ration to the contrary notwiths*-anding, until May 1, 1981, or unfit t},sveloper releases control of the Asse:~iation, whichever first occurs, Developer reserves the right to supplement or amen:: these Fay-Laws for c.lari.fication, correction or otherwise in the best interests of all suite and garage owners, including Developer, provided that arsy Bach supplerw<nt car amendment shall be approved by aaore then fifty per!:ent {5U8), in number of aII tsxisting first aortaage holders of record, in writing.