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�t ,. <br /> ' , � , <br /> . ' <br /> provisio governing the following: {i) voting rights; (ii) increases in an annual Assessme t of ' <br /> more th twenty-five percent over the prior year's annual Assessment;(iii)Assessment lien ,or <br /> priority f Assessment liens; (iv} reductions in reserves for maintenance, repair and replace ent <br /> of Co on Elements; {v) responsibility for maintenance and repairs; (vi) reallocatio of <br /> interests in the Common Elements or Limited Cammon Elements, or rights to their use; vii) <br /> redefini ion of any Unit boundaries; (viii) canvertibility of Units into Camrnon Elements or ice <br /> versa; (i ) expansion or contraction of the Property or the addition, annexation or withdraw I of <br /> prapert ta or from the Property; (x) hazard ar fidelity insurance requirements; (xi) impositi of <br /> material restrictions on the leasing of Units; (xii) imposition of any restrictions on an Ow er's <br /> right to ell or transfer his or her Unit; (xiii) restoration or repair of the Property (after a ha ard <br /> damage or partial condemnation) in a manner other than that specified in the Gove ing <br /> Docume ts; (xiv) any action to terminate the legal status of the Condominium after substa tial <br /> destruct'on or condemnation occurs; or (xv) any provisions that expressly benefit Eli ible <br /> � Mort�a ees,or insurers or guarantors of mortgages. <br /> 15.2 Consent to Certain Actions. Subject to Declarant's rights under Section, the <br /> written onsent of Eligible Mortgagees representing at least sixty-seven percent of the Units that <br /> are subj ct to first mortgages held by Eligible Mortgagees {based upon one vote per nit <br /> finance shall be required to (i) abandon or terminate the Condominium; (ii) change the <br /> allocati ns of voting rights,Common Expense obligations or interests in the Common Elem nts; <br /> (iii) pa ition or subdivide a Unit except as permitted by stacute; (iv) abandon, parti �on, <br /> subdivi e, encumber, or sell any Common Elements; or (v) use hazard insurance proceeds for <br /> other th n the repair,replacement or reconstruction of the Property,except as otherwise prov ded <br /> by]aw. <br /> 15.3 Consent to Subdivision. No Unit may be partitioned or'subdivided without the <br /> prior w tten approval of the Owner and Eligible Mortgagee thereof,and the Association. <br /> t 5.4 No Ri�ht of First Refusal. The.right of an Owner to sell, transfer, or othe ise <br /> convey Y�is or her Unit shall not be subject to any right of first refusal or similar restrictions. <br /> 15.5 Prioritv of Lien. Any Person who comes into possession of a Unit by foreclo ure <br /> of the rst mortgage on a Unit, or by deed or assignment in lieu of foreclosure of the �rst <br /> mortgag on a Unit, takes the Unit free of any claims far unpaid Assessments or any o her <br /> charges r liens imposed against the Unit by the Association which have accrued against ch <br /> Unit pri r to the acquisition of possession of the Unit by said Person; (i) except as pravide in <br /> Section .9 and the Act and (ii) except that any unreimhursed Assessments or charges ma be <br /> reall.ocat d among all Units in accordance with their interests in the Common Elements. � <br /> 15.6 Prioritv of Taxes and Other Charges. All taxes, assessments and charges w ich <br /> may bec me liens prior to the first mortgage under state law shall relate only to the indivi ual <br /> Uniu an not to the Property as a whole. <br /> 15.7 Prioritv far Condemnation Awards. No provision of the Goveming Docum nts <br /> shall giv an Owner, or any other party,priority over any rights of the Eligible Mortgagee o the <br /> Unit pur uant to its mortgage in the case of a distribution to such Owner of insurance proceed or <br /> condem ation awards for losses to or a taking of the Unit and/or the Comrnon Elements. he <br /> MPLS-Word 9528l.11 35 <br />