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201144�9� 2ou�� ARTICLE VII. ALLQCAl'EQ INTER�ST 2�� 9 ��. 2 5 The allocated lnter�st in refErence to the undivide� interest in the common elements and common exp�nses of the Associatian have been estat�llsi�ed upon a formula utilizing the square footage o� each �ini�, lncluding fhe a�tached gara�e, divided by the tatal square footage o� all uni�s. iF add[tional units are addecll:a the condom(��ium, th� same formula as herein set farth shail gavern the allocateq in�erest aFter an additinn in reference to the undivlded interests �n the common inter�s� and comii�an expenses of the Association. Each unit Is entitled ta one i11 vote per unit and this Fo►'mula shall also gavern fn the event tt�at additlonal units are added to this candominium. Th� allocat�d interests are a5 follows: SqUa �oot Area unit �5 Uni� 16 2,�85.58 2,169.61 Aercentag� af �xpanse in and Rights in Camrnon Elements 52.37Q/o 47.&3n/o �RTICLE V!� CQV�NANT5 AIVD RESTRICTIONS Vates The faliow(n� cavenanfis, condl�lons, and restrictians relating to thls condominium shall run with the �and and shall be binding upoi� all grantees, devisees, mortgagees, antl any other persons wha use the praperty, includinc� tl�e t��rsans w17a acquire the Interest of the owner through foreclosure, enforcemenC of any llen �r axherwise: la) The Villag� Candaminium Unit Owners Assaciation, Inc., a Nebraska non� profi� corporation, has been organized and incarporateq to provide a v�hicie �or the management of �II units of the Village Condominium and the improuements lacated an outlats A, E3, ana C, Vfllage Thfrd Subdivisl�n, Grand Island, Ha�l coui�ty, Nebraska, including any additfons of units anc! any additian pF land. Cach owner of a unit in the candaminium shall automatfcal(y be deemed a member of the Association. The By-Laws af sald Assaciation are also the By-Laws of this condor+�inlum property and are attached her�to as Exhlblt " B"_ AS unit5 ere added to thE condominium, tne expenses of the Association shall be allocated as provideq In Article III, SeGtican 14 oF thasa By•Laws. tbl The g�neral common elements and Q�atlots A, B, anb C are for the use and enJoyments o� all owners. 'fi�� limited comman elements are for the exclusive use of the owner 4� �he uni� or units to wh(ch they are appurtenan�, th�ir famlly, ��ests, servanl:s, and invltees. (cl The ownershlp of the camman elements shall remain und(vided, and no pe�son or owner shall t�rdng any actfor� Eor the part(tinn or dlvt5lon oF the commnn elements. Tl�e �hrase "c4mmon elements" used in this Master Deed and Declaration and amendments there�o shall include bath general and limii:ed common elements un0ess otherwise specified. The Association shall Prom t(me to time establish rules and regulations far the use of the cammon elements, and all owners and users shall be laaund thereby. The Association shall have tne so(e jurfsdlctlon aver and respansibility Por afterations, lmpravements, repairs and maintenance of th� common elements and the impr�ovements an outiets A, B, and C_ The share of an oWner in a common element Is appurtenant to his or her �lnit and inseparable firam the unit ownershlp. Assessments a�ainst own�rs far insurance, common elements expenses and reserves, and �or ather expenses incurred by the Assoclation shaU be made pursuant ta the ByLaws. AsSessments made within ten (�101 days aFter ti�e date when due shall n�t bear interest, but all sums na� p�id withln said ten (10i day periad shali �ear iinterest at the highest le�al rate at which individuals may contract under the laws of this sC�te from the due date untif paid. i� any awner sh�ll fail of refuse to make any payment a� sucii assessments when due, th� amaunt thereoF pl�.�s inter�st shall cot�stitute a Ilen upon the owner's Interesi; in hls or her unli: and the property es dePined In Sectlon 76-874 R.R,S. Neb. u�an the recarding o¢ such lien by the Associatian in the oPfice oP the 3