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<br />81-" U03~7~i <br />VII COVENANTS, CONDITIONS AND RESTRICTIONS. <br />The fo3lowi.ng covenants, conditions and restrictions <br />relating to this condominium regime shall run with the-land <br />and shall be binding upon all grantees, devisees, mortgagees <br />and any other persons who use the property, including the <br />persons who acquire the interest of any owner through fore' <br />closure, enforcement of any lien or otherwise: <br />a. Fairway Villas Owners Association, a Nebraska <br />non-profit corporation, has been incorporated to provide a <br />vehicle for the management of the condominium. The-owner or <br />owners of each villa in Fairway Villas Condominium Property <br />Regime i and in Fairway Villas Condominium Property Regime <br />I7 shall each designate one person to be a director of-the <br />Association. The designated director must either be-the <br />owner or the spouse of the owner of the villa being repre- <br />sented. The 9y-Laws of said Association are also the By-Laws <br />of this condominium property regime and are attached hereto <br />as Exhibit "B". <br />b. All general common elements are for the use <br />and enjoyment of all owners. The limited common elements <br />are for the exclusive use of the owner of the villa or <br />villas to which they are appurtenant, his family, guests, <br />servants and invitees. The ownership of the common elements <br />shall remain undivided, and na person or owner shall hying <br />any action for the partition or division of the common <br />elements. The Association shalt from time to time establish <br />rules and regulations for the use of the common elements, <br />and all owners and users shalt be bound thereby. The As- <br />sociatiuxa shall have the sole jurisdiction over and re- <br />sponsibility for alterations, improvements, repairs and <br />maintenance of the common elements. The share of an owner <br />in the common elements is appurtenant to his villa and <br />inseparable from villa ownership. Assessments against <br />owners for insurance, common elemen*_ expenses and reserves, <br />and for other expenses incurred by the Association shall be <br />made pursuant to the By-Laws. Assessments paid within <br />thirty t3Q) days after the date when due shall not bear <br />interest, bui all sums not paid within said thirty (30) day <br />period shall bear interest at the highest legal rate from <br />due date until paid. If any caner shall fail or refuse to <br />make any payment of Such assessments when due, the amount <br />thereof, plus interest, shall constitute a lien upon the <br />owner's interest in his villa and in the property, and upon <br />the recording of such lien by the Association in the Office <br />of the Register of Deeds of Hall County, Nebraska, such <br />aemount shall constitute a lien prior and preferred over all <br />ether liens and encumbrances except assessments, Iiens and <br />charges for taxes past due and unpaid an the villa and <br />except prior duly recorded mortgage and Iien instruments. <br />c. Each owner shall be responsible: <br />tl) Ta maintain, repair and replace, at his <br />ex„oense, all portions of his vi21a or garage which are not <br />included in the definition crf common elements, except°as set <br />forth in Article V, above. <br />t2) To maintain and repair and replace as <br />n~ceesary all utilities within that owner's villa or garage <br />and any damage to the common utilities caused by use within <br />that villa or garage. <br />y l- <br />