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<br /> <br />4810-5342-0509, v. 2 <br /> v <br /> <br />12.4 Distribution of Proceeds .................................................................................................... 57 <br />12.5 Power of Attorney .............................................................................................................. 58 <br />12.6 Prohibition Against Severance .......................................................................................... 58 <br />12.7 Conveyances .................................................................................................................... 58 <br />ARTICLE 13 RIGHTS OF MORTGAGEES ................................................................................................ 58 <br />13.1 Conflict .............................................................................................................................. 58 <br />13.2 Liability for Unpaid Assessments ...................................................................................... 58 <br />13.3 Payment of Taxes and Insurance ..................................................................................... 58 <br />13.4 Notice to Mortgagees ........................................................................................................ 59 <br />13.5 Reserve Fund .................................................................................................................... 59 <br />13.6 Inspection of Books and Records ..................................................................................... 59 <br />13.7 Financial Statements......................................................................................................... 59 <br />13.8 Actions Requiring Eligible Holder Approval ...................................................................... 59 <br />13.9 Votes for Termination of Community ................................................................................ 59 <br />13.10 Condemnation or Destruction ........................................................................................... 60 <br />13.11 Self-Management .............................................................................................................. 60 <br />13.12 Mortgagee Protection ........................................................................................................ 60 <br />13.13 Distribution of Insurance and Condemnation Proceeds ................................................... 60 <br />13.14 Voting Rights on Default ................................................................................................... 60 <br />13.15 Foreclosure ....................................................................................................................... 60 <br />13.16 Non-Curable Breach ......................................................................................................... 61 <br />13.17 Loan to Facilitate ............................................................................................................... 61 <br />13.18 Appearance at Meetings ................................................................................................... 61 <br />13.19 Right to Furnish Information .............................................................................................. 61 <br />13.20 Inapplicability of Right of First Refusal to Mortgagee ....................................................... 61 <br />13.21 Notice to Mortgagees or Guarantors of First Mortgages .................................................. 61 <br />ARTICLE 14 AMENDMENTS ..................................................................................................................... 61 <br />14.1 Amendment Before the Conveyance of First Condominium ............................................ 61 <br />14.2 Amendments After Conveyance of First Condominium .................................................... 61 <br />14.3 Approval of Material Amendments .................................................................................... 62 <br />14.4 Additional Approvals ......................................................................................................... 63 <br />14.5 Reliance on Amendments ................................................................................................. 63 <br />14.6 Conflict with Other Provisions of this Declaration ............................................................. 63 <br />14.7 Notice to Eligible Holders .................................................................................................. 63 <br />ARTICLE 15 ANNEXATION AND DEANNEXATION OF PROPERTY ...................................................... 64 <br />15.1 Annexation ........................................................................................................................ 64 <br />15.2 Annexation Without Approval ............................................................................................ 64 <br />15.3 Supplementary Declarations ............................................................................................. 64 <br />15.4 Mergers or Consolidations ................................................................................................ 64 <br />15.5 De-Annexation .................................................................................................................. 65 <br />ARTICLE 16 TERM AND ENFORCEMENT ............................................................................................... 65 <br />16.1 Term .................................................................................................................................. 65 <br />16.2 Enforcement of Governing Documents ............................................................................. 65 <br />16.3 Enforcement of Non-Payment of Assessments ................................................................ 66 <br />16.4 Enforcement of Bonded Obligations ................................................................................. 66 <br />16.5 Disputes Involving Declarant ............................................................................................ 66 <br />ARTICLE 17 GENERAL PROVISIONS ...................................................................................................... 68 <br />17.1 Headings ........................................................................................................................... 68 <br />17.2 Severability ........................................................................................................................ 68 <br />17.3 Cumulative Remedies ....................................................................................................... 68 <br />17.4 No Unlawful Restrictions ................................................................................................... 68 <br />252