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HomeMy WebLinkAbout2291INSURANCB .............................................. 11 Authority to Purchaset Named Insured ............... 11.1 Coverage ........................................... 11.2 Casualty ....................................... 11.2(a) Premiums ........................................... 11.3 I~surance Trustees 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(d) 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 Specifications ........................... 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.....• ............................... Z3.2 ~ . Nuisances .......................................... 13.3 Lawful Use ......................................... 13.4 Leasing ............................................ 13.5. Rules and Regulations .............................. 13.6 P~oviso ............................................ 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 Trans~action ..................-......... 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 ;t Notice ............................................. 16.1 Adoption ........................................... 16.2 Proviso ............................................ 16.3 TERMINATION ................................~....:...... 17 SEVERABILITY ........................................... 18 -2- $~`~ 3~8 ~A~f ~?89 ~ z~ z~ ~~~ .~ .~, ~.~ .--~ ~ ~ ~.r._~~-