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<br /> <br />4810-5342-0509, v. 2 <br /> 57 <br /> <br />damage. In the event of a determination to rebuild the Property after partial or total destruction, as provided <br />in this Article, such interior repair and restoration shall be completed as promptly as practical and in a lawful <br />and workmanlike manner, in accordance with Plans approved in accordance with Article 8 (Design <br />Review). <br />11.10 Condemnation of a Unit. In the event of any taking of a Unit, the Owner (and such <br />Owner’s Mortgagees as their interests may appear) of the Unit shall be entitled to receive the award for <br />such taking and after acceptance thereof such Owner and such Owner’s Mortgagee shall be divested of all <br />further interest in the Unit and membership in the Association if such Owner shall vacate such Owner’s Unit <br />as a result of such taking. In such event said Owner shall grant its remaining interest in the Common Area <br />appurtenant to the Unit so taken, if any, to the other Owners owning a fractional interest in the same <br />Common Area, such grant to be in proportion to the fractional interest in the Common Area then owned by <br />each Owner. <br />ARTICLE 12 <br />PARTITION AND SEVERABILITY OF INTERESTS <br />12.1 Suspension. The right of partition is suspended pursuant to California Civil Code Section <br />4610 as to the Community. Nothing in this Article shall be deemed to prohibit partition of a co-tenancy in a <br />Condominium. <br />12.2 Partition. Except as provided in this Declaration, there shall be no judicial partition of the <br />Common Area, or any part thereof, for the term of the Community, nor shall Declarant, any Owner or any <br />other person acquiring any interest in any Condominium seek any such judicial partition. The undivided <br />interest in the Common Area described above may not be altered or changed as long as the prohibition <br />against severability of interests in a Condominium remains in effect as provided in this Declaration. <br />Notwithstanding the foregoing, judicial partition shall be permitted as follows: <br />12.2.1 With the approval, after substantial destruction or condemnation of the <br />Community occurs, of at least sixty-seven percent (67%) of the total Voting Power and approval by Eligible <br />Holders who represent at least fifty-one percent (51%) of the Condominiums that are subject to Mortgages <br />held by Eligible Holders; or <br />12.2.2 With the approval, for reasons other than substantial destruction or <br />condemnation of the Community, of at least sixty-seven percent (67%) of the total Voting Power and <br />approval by Eligible Holders who represent at least sixty-seven percent (67%) of the Condominiums that <br />are subject to Mortgages held by Eligible Holders; or <br />12.2.3 As allowed by California law, including Civil Code Section 4610, as the same <br />may be amended from time to time. <br />12.3 Eligible Holder Deemed Approval. An Eligible Holder who receives a written request to <br />give such approvals referenced in Section 12.2 (Partition) who does not deliver or mail the requesting party <br />a negative response within sixty (60) days shall be deemed to have given such approval, provided such <br />written request was delivered by certified mail or registered mail with “return receipt” requested. For so <br />long as is required by FNMA’s legal requirements for project acceptance, all references to “Eligible Holder” <br />in this Section shall be deemed to include all guarantors of First Mortgagees. <br />12.4 Distribution of Proceeds. Proceeds or property resulting from a partition shall be <br />distributed to and among the respective Owners and their Mortgagees as specified or apportioned in the <br />judgment of partition, or if not so specified, as their interests appear in proportion to the fair market value <br />of the Condominiums at the date of the sale as determined by an independent appraisal conducted by a <br />member of the American Institute of Real Estate Appraisers with the designation of a Member Appraisal <br />Institute (M.A.I.) or if such institute no longer exists, an appraiser of comparable experience. <br />310