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shall also receive notice of the lapse of any insurance policy <br /> 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 mat,erial portion of the Properties or the house <br /> on the Lot securing its mortgage, (ii) any delinquency of sixty <br /> (60) days or more in payments of assessments on the Lot securing <br /> its mortgage or (iii) any proposed action requiring the consent of <br /> a specif ied percentage of the first mortgagees. <br /> (c) No provision of this Declaration or the Bylaws shall <br /> give a Lot owner or any other person, priority over the rights .of ' <br /> first mortgagees, their successors on assigns, under the mortgage � <br /> to insurance or condemnation proceeds. � <br /> • (d) ' First mortgagees, i:heir successors or assigns, shall <br /> have the right to inspect the books and records of the Association <br /> during normal business hours. ' <br /> IN WITNESS WHEREOF, the Declarant has executed this instrument ' <br /> as of the day and year first above written. <br /> . REBERS CONSTRUCTION CO. <br /> �_'_. _ — ' _.�--`-� . <br /> y , '•.� �:_ .���•••' ..�i � <br /> `SfcTney B!Reber� <br /> President <br /> STATE OF MINNESOTA ) � � <br /> . ) ' ss. . . . . . � <br /> COUNTY OF HENNEPIN ) <br /> , ��' . . <br /> The foregoing instrument was acknowledged before me this �� <br /> day of >�� 'S�r�,r�;�r.ci. , 1989 , by `_�'�Ci►��•r.� i,' ;-'.<f_�;�r , the President . <br /> of REBERS �CONSTRUCTION CO. , a Minnesota corporation, on behalf of � <br /> the corporata.on, , <br /> ` �'r='• ',l'i+-�. �J�.r,_`�•'t; '���..._... . • <br /> � A�JD PP,lOR TAXES PRIf� Notar� Public <br /> I _ _ Y <br /> DE°I.QF f'RUP�FTY �f,;;&Puetic�EC4ROS . ' . <br /> TRRf�;SFE� Ei�:T�REG '�^^^^^^''�' X <br /> r'"`� LINDR L.KARKOC <br /> i <br /> �� �� . '�� NOTARY PUBLIC—h�iINNESOTA ' <br /> � �• HE����EPltd GOU�aTY . <br /> My Commi;;ion Expires Mar.25, 15��� <br /> . f' 'rl �G' �7 ��. x �, � � . <br /> DEPUTY <br /> tt►r\sugarwoods/9/29/89 2� <br />