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HomeMy WebLinkAbout0399a INSURANCE .............................................. 11 Authority to Purchase; Named Insured ............... 11.1 Coverage ........................................... 11.2 Casualty ....................................... 11.2(a) Premiums ...............:........................... 11.3 Insurance Trustee; Share of Proceeds ............... 11.4 Common Elements ................................ 11.4(a) Apartments ..................................... 11.4(b) Mortgages ...................................... 11.4(c) Distribution of Proceeds ........................... 11.5 - Expense of the Trust ........................... 11.5(a) Reconstruction or Repair ....................... 11.5(b) Failure to Reconstruct or Repair ............... 11.5(c) Certificate .................................... 11.5(4) Association as Agent ............................... 11.6 RECONSTRUCTION OR REPAIR AFTER CASUALTY ................ 12 Determination to Reconstruct or Repair............ 12.1 Common Elements ................................ 12.1(a) Apartments ..................................... 12.1(b) Certificate .................................... 12.1(c)' Plans and Spec_ifications ........................... 12.2 Responsibility ..................................... 12.3 Estimates of Costs ................................. 12.4 Assessments ........................................ 12.5 Construction Funds ................................. 12.6 Association .................................... 12.6(a) Insurance Trustee .............................. 12.6(b) USE RESTRICTIONS ....................................... 13 Apartments ......................................... 13.1 Common Elements ....................................- 13.2 Nuisances .......................................... 13.3 Lawful Use ......................................... 13.4 Leasing ............................................ 13.5 Rules and Regulations .............................. 13.6 Proviso ............................................ 13.7 MAINTENANCE OF COMMUNITY INTERESTS ..................... 14 Transfer Subject to Approval ....................... 14.1 Approval by Association ............................ 14.2 Disapproval by Association ......................... 14.3 Mortgage ........................................... 14.4 Exceptions ......................................... 14.5 Unauthorized Transaction ........................... 14.6 COMPLIANCE AND DEFAULT ................................. 15 Increase in Insurance Premiums ..................... 15.1 Costs and Attorneys' Fees .......................... 15.2 No Waiver of Rights ................................ 15.3 AMENDMENTS ............................................. 16 Notice ............................................. 16.1 Adoption ........................................... 16.2 Proviso ............................................ 16.3 FHLMC REQUIREMENTS ..................................... 17 TERMINATION ............................................ 18 SEVERABILITY ........................................... 19 -2- BtlOK344 PACE