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i <br /> �t ,. � <br /> . " • - . <br /> provision verning the following: {i) voting rights; (ii) increases in an annual Assessment f ' <br /> more than enty-five percent over the prior year's annual Assessment;(iii)Assessment liens, r <br /> priority of ssessment liens; (iv) reductions in reserves for maintenance,repair and replaceme t <br /> of Comm Elements; (v) responsibility for maintenance and repairs; {vi) reallocation f <br /> interests in the Common Elements or Limited Cammon Etements, or rights to their use; (vi') <br /> redefinition of any Unit boundaries; (viii) convertibility of UniEs into Cammon Elements or vic <br /> versa; {ix) xpansion or contraction of the Property ar the addition, annexation or withdrawal <br /> property to r from the Property;(x)hazard or fidelity insurance requirements; (xi) imposition o <br /> material re trictions on the leasing of Units; (xii) imposition of any restrictions on an Owner' <br /> right to sell or transfer his or her Unit; (xiii) restoration or repair of the Property (after a hazar <br /> damage or partial condemnatian) in a manner other than that specified in the Govemin <br /> Documents (xiv) any actior► to terminate the legal status of the Condominium after substantia <br /> destruction 'or condemnation occurs; or (xv) any provisions that expressly benefit Eligibl <br /> Mort�agees or insurers or guarantQrs of mortgages. <br /> � <br /> 15.2 Consent to Certain Actions. Subject to Declarant's rights under Section, th <br /> written con ent of Eligible ]Vlortgagees representing at least sixty-seven percent of the Units tha <br /> are subject to first mortgages held by Eligible Mortgagees {based upon one vote per Uni <br /> financed} s all be required to (i) abandon or terminate the Condominium; {ii) change th <br /> allocations f voting rights,Common Expense obligations or interests in the Common Elements <br /> (iii) partiti n or subdivide a Unit except as permitted by statute; {iv) abandon, partition <br /> subdivide, ncumber, or sel) any Common Elements; or {v) use hazard insurance proceeds fo <br /> other than t e repair,replacement or reconstruction of the Property,except as otherwise provide <br /> by law. , <br /> 15.3 Consent to Subdivision. No Unit may be partitioned or'subdivided without th <br /> prior writte approval of the Owner and Eligible Mortgagee thereof,and the Association. <br /> 15.4 No Ri�ht of First Refusal. The right of an Owner to sell, transfer, or otherwis <br /> convey his r her Unit shall not be sub,yect to any right of first refusal or similar restrictions. <br /> I 5.5, Prioritv of Lien. Any Person who comes into possession of a Unit by foreclosure <br /> of the first knortgage on a Unit, ar by deed or assignment in lieu of foreclosure of the first <br /> mortgage o a Unit, takes the Unit free of any clairns for unpaid Assessments or any other <br /> charges or 1 ens imposed against the Unit by the Association which have accrued against such <br /> Unit prior t the acquisition of possession of the Unit by said Person; (i) except as provided in <br /> . � Section 6.9 nd the Act and {ii) except that any unreimbursed Assessments or charges may be <br /> real�ocated ong all Units in accordance with their interests in the Common Elements. ' <br /> 15.6 Prioritv of Taxes and Oiher Char�es. All taxes, assessrnents and charges which <br /> may becom liens prior to the first mortgage under state law shall relate only to the individual <br /> Units and no to the Property as a whole. <br /> ! I SJ Prioritv for Condemnation Awards. No provision of the Governing Documents <br /> shal] give an Owner, or any other party, priority over any rights of the Eligible Mortgagee of the <br /> Unit pursua to its mortgage in the case of a distribution to such Owner of insurance groceeds or <br /> condemnatio awards for losses to or a taking of the Unit and/or the Common Elements. The <br /> Mrts-wo�a 9s2x�.i� 35 <br />