Laserfiche WebLink
provided that <br />exceed 20 feet <br />Idition to the <br />concerning the <br />Lations (herein <br />sntary thereto, <br />3y the Board of <br />.es and regula-* <br />h Lot Owner and <br />or any Owner, <br />g at law or in <br />reservations, <br />t provisions of <br />n. Failure by <br />ly covenant or <br />deemed a waiver <br />ly one of these <br />ler shall in no <br />1 in full force <br />estrictions of <br />for a term of <br />n is recorded, <br />5ed for succes* <br />&idy be amended <br />each class of <br />Lots who have <br />proposed action <br />ige of eligible <br />mdment must be <br />various other <br />which meet the <br />siation (herein <br />are applicable <br />Luding fidelity <br />lout giving ten <br />igee, any mort- <br />irtgagees, upon <br />V.... .. 1'*- <br />m <br />:W: <br />. . .‘t <br />L •-■qpW' <br />kV <br />]^0quest, shall also receive notice of the lapse of any <br />insurance policy maintained by the Association. <br />(b) A first mortgagee, upon request in writing, shall <br />receive notice of (i) any condemnation or casualty loss that <br />affects either a material portion of the project or the townhome <br />on the Lot securing its mortgage, (ii) any delinquency of sixty <br />(6C) days or more in payments of assessments on the Lot securing <br />its mortgage or (iii) any proposed action requiring the consent <br />of a specified percentage of the first mortgagees. <br />(c) No provision of this Declaration or the Bylaws <br />shall give a Lot Owner or any other person, priority over the <br />rights of first mortgagees, their successors on assigns, under <br />the mortgage to insurance or condemnation proceeds. <br />(d) First mortgagees, their successors or assigns, <br />shall have the right to inspect the books and records of the <br />Association during normal business hours. <br />IN WITNESS WHEREOF, the undersigned, being <br />herein, has hereunto set its hand and seal this <br />of f 198S. <br />REBERS CONSTRUCTION CO. <br />the Declarant <br />_ _ _ __ day <br />By <br />Its President <br />STATE OF MINNESOTA ) <br />) SS. <br />COUNTY OF HENNEPIN ) <br />The foregoing <br />this day of <br />instrument was acknowledged before me <br />, 1988, by <br />the President of REBERS CONSTRUCTION CO., a Minnesota corpora­ <br />tion, on behalf of the corporation. <br />Notary Public <br />THIS INSTRUMENT WAS DRAFTED BY: <br />LEONARD, STREET 6 DEINARD (HMM) <br />100 South Fifth Street, Suite 1500 <br />Minneapolis, Minnesota 55402 <br />612/337-1500 <br />- 16 -