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r <br /> .� <br /> � " • , <br /> provision governing the following: {i) voting rights; (ii) increases in an annual Assessm nt of ' <br /> more than twenty-five percent over the prior year's annual Assessment; (iii)Assessrnent lie s,or <br /> priority of Assessment liens; {iv} reductions in reserves for maintenance, repair and replac ment <br /> of Common Elements; (v) responsibility for maintenance and repairs; (vi) reallocati n of <br /> interests in the Common Elements ar Limited Common Elements, or rights to their use; (vii) <br /> redefinition of any Unit boundaries; (viii) canvertibility of Uniis in[o Cammon Elements o vice <br /> versa; �ix) expansion or contraction of the Propeny orihe addition, annexation ar withdra ai of <br /> properry to or from the Property;(x) hazard or fidelity insurance requirements; (xi) impositi n of <br /> material restrictions on the leasing of Units; {xii) imFosition of any restrictions on an O ner's <br /> right to sell or transfer his or her Unit; (xiii) restoration or repair of the Property (after a h ard <br /> damage or partial condemnation) in a manner other than that specified in the Gove ing <br /> Documents; (xiv) any action to terminate the le�a] status of the Condominium after subst ntial <br /> destruction or condemnation occurs; or (xv) any provisions that expressly benefit El'gible <br /> Mort�agees,or insurers or�uarant�rs of mortgages. <br /> , '' <br /> 15.2 Consent to Certain Actions. Subject to Declarant's rights under Sectio , the <br /> written consent of Eligible.Mortgagees representing at least sixty-seven percent of the Unit .that <br /> are subject to first mortgages held by Eligible Mortgagees {based upon one vote per Unit <br /> financed) shall be required to (i) abandon or terminate the Condominium; (ii) chang the <br /> a3locations of voting rights,Common Expense obligations or interests in the Common Ele ents; <br /> (iii) partition or subdivide a Unit except as permitted by statute; (iv) abandon, part tion, <br /> subdivide, encumber, or sell any Common Elements; vr (v) use hazard insurance procee s for <br /> other tN�n the repair,replacement or reconstruction of the Property,except as otherwise pro ided <br /> by law. <br /> 53 Consent to Subdivision. No Unit may be partitioned or'subdivided witho t the <br /> prior w�itten 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 othe ise <br /> convey his or her Unit shall not be subject to any right of first refusal or similar restrictions. <br /> i 5.5 Prioritv of Lien. Any Person who comes inio possession of a Unit by forecl I sure <br /> of the first mortgage on a Unit, or by deed or assignment in lieu of foreclosure of the first <br /> mortgage on a Unit, takes the Unit free of any claims for unpaid Assessments or any ther <br /> charges'or liens imposed against the Unit by the Association which have accrued against uch <br /> Unit prior to the acquisition of possession of the Unit by said Person; (i) except as provid d in <br /> , � 5ection b.9 and the Act and {ii) except that any unreimbursed Assessments or charges m y be <br /> reall.ocaked among all Units in accordance with their interests in the Common Elements. ' <br /> 15.b Prioritv of Taxes and Other Char�es. All taxes, assessments and charges hich <br /> may become liens prior to the first mortgage under state law shall relate only to the indiv dual <br /> Units and not to the Property as a whole. <br /> i 15.7 Prioritv for Condemnation Awards. No provision of the Governing Docu �ents <br /> shall give an Owner, or any other party, priority over any rights of the Etigible Mortgagee o the <br /> Unit pursuant to its mortgage in the case of a distribution to such Owner of insurance procee s or <br /> condem ation awards for losses to or a taking of the Unit and/or the Common Elements. The <br /> MPLS-Wor�95281.11 35 <br />