Laserfiche WebLink
201007981 <br />ART�CLE VTII <br />l,,�TS�iJ �NCE <br />The Association shall maintain liability iusuranoe o� tlae Pzoperties as their interest �ppears for <br />pexformang its obligations and responsibiliti�s pursuant to this Declaration and said By Each Owner <br />shall ca;nry hazard, casualty a�a.d liability inswran.ae for residential stxuctures nn e�ch Lot. Said insurauce shall <br />include coverage for Owner's contents or personal lzability. T.he Owner of e�ch Lot is heareby deemed to <br />covenant and agree to pay any deductible amounts for Owner's insurance coverage, including any deductible <br />amouzxts fox repairs to structu�res as may be provided. in said insurance policies. The Or�vners' insurance <br />coverage sb.all be fvr the replacr:xntnt cost af the resid�ntial dwelling structure on each Lot. <br />The Associativn is hereby irrevocably appointed agent for each Owner and his or her mortgagees <br />to adjust all claims arising under insurance policies purchased by the Association on the improveznents on <br />the Properties and to execute and deliver releases upon payment of clauns without joaxxder by the Owner. <br />All insurance proceeds shall be applied by the Association toward repairing the daxnages su£fered, <br />provided t?�at reconstruction ox repair shall not lie compulsory wb.en the daznage exceeds two�thirds (2/3) <br />of the value of the building and improvements. In such case, should the Ownar so �l�ct not to rebuild, the <br />proceeds, along with the insurance indemnity, if any, shall be credited to each Owner ixx accoxdaa�ce with his <br />or her pro-rata s]�are af the lass sustained by the damage or casualty fvr which the proceeds shall ba payable <br />and said sums shall be first applied toward satisfaction of any recoxded �'arst m,ortgage against each Lot, next <br />toward satisfaction of any recorded lien.s in order of their priority, next toward the cost of removing the <br />improvements , or any remnants thereof firom said premises and the filling leveling of said Lot, atid the <br />xem.ainder shall be paid to such Ovcrner. In case thc insurance proceeds do not equal the cost of repair, the <br />excess cost shall be cozasidered a�aaiur�tena�ce expense to be assessed and collected by the Assaciatian from <br />the Owners of the damaged i.uxprovernents. In cases af aver-insurance, any excess proceeds of insurance <br />shall be credited to tb.e Worlcing Fund of the Association. <br />ARTICLE IX <br />ACC�S� <br />The Associatian, its eraaployees and agents, shall have the right to go on any lot for the purpose of <br />performing maintenaz�.ae, repairs and upkeep, making any inspections and performuig its duties hereunder <br />and is hereby granted a speci�c easement for such purpose on Lats One (1) through Eight ($), Centura Hills <br />East Fourth Subdiviszon to t}�e Village of Cairo, Hall Couxaty, Nebraska. <br />.ARTICLE X <br />GENERAL PRDVxS�ONS <br />Section.l. �nforcement. If any Ove+ner of any Lot, or their heirs or assigr�s, shall violate or attempt <br />to vio].ate any of the covenants, restrictians aud conditions herein set forth, it shall be law£ul for any other <br />person or person ovvning Lots One (l.) through Eight (8), Centura Hills East �aurth Subdivision or by the <br />manager of the Centura Hills Golf Club, LLC, to prosecute such proceedings at law or in equity against the <br />person ar persons vialating or attemptin� ta violate any such covenants or restrictions and ta prevent hi.m <br />or her from daing sa or to recover darnages for such violations. <br />Page 9 0£ 1Q <br />