Section A. If any part of the Condominium Project shall be damaged, the determination of whether or not it shall be reconstructed or repaired shall be made in the following manner:

(1) If the damaged property is a common element or a unit, the property shall be rebuilt or repaired if any unit in the Condominium Project is tenantable, unless it is determined by a unanimous vote of all co-owners that the Condominium Project shall be terminated and each institutional holder of a first mortgage lien on any unit has given its prior written approval of such termination.

(2) If the Condominium Project is so damaged that no unit is tenantable, and if each institutional holder of a first mortgage lien on any unit has given its prior written approval of the termination of the Condominium Project, the damaged property shall not be rebuilt and the Condominium Project shall be terminated, unless seventy-five (75%) percent or more of the co-owners in number and in value agree to reconstruction by vote in or writing within (90) days after the destruction.

Section B. Any such reconstruction or repair shall be substantially in accordance with the Master Deed and the plans and specifications for the Condominium Project to a condition as comparable as possible to that condition existing prior to such damage, unless the co-owners shall unanimously decide otherwise.

Section C. If the damage is only to a part of the unit which is the responsibility of a co-owner to maintain and repair, it shall be the responsibility of the co-owner to repair such damage in accordance with Section D of this Article V. In all other cases, the responsibility for reconstruction and repair shall be that of the Association.

Section D. Each co-owner shall be responsible for the reconstruction, repair and maintenance of the interior of his unit, including by way of example and not as limitation, floor coverings, wall coverings, window shades, draperies, interior walls (but not any common elements therein), interior trim, furniture, light fixtures and all appliances, whether free-standing or built-in. In the event that damage to interior walls within a co-owner's unit to or pipes, wires, conduits, ducts or other common elements therein is covered by insurance held by the Association, then the reconstruction or repair shall be the responsibility of the Association in accordance with Section E of this Article V. If any other interior portion of a unit is covered by insurance held by the Association for the benefit of the co-owner, the co-owner shall be entitIed to receive the proceeds of insurance relative thereto and if there is a mortgagee endorsement, the proceeds shall be payable to the co-owner and the mortgagee jointly. In the event of substantial damage to or destruction of any unit or any part of the common elements, the Association shall promptly so notify each institutional holder of a first mortgage lien of any unit.

Section E. The Association shall be responsible for the reconstruction, repair and maintenance of the common elements and any incidental damage to a unit caused by the common elements or the reconstruction, repair or maintenance thereof. Immediately after a casualty causing damage to property for which the Association has the responsibility of maintenance, repair and reconstruction, the Association shall obtain reliable and detailed estimates of the cost to reconstruct or repair the damaged property to a condition as good as that existing prior to such damage. If the proceeds of insurance are not sufficient to defray the estimated costs of reconstruction or repair required to be performed by the Association, or if at any time during such reconstruction or repair, the funds for the payment of such costs are insufficient, assessments shall bc made against all co- owners for the costs of reconstruction or repair of the damaged property in sufficient amounts to provide funds to pay the estimated or actual costs thereof.

Section F. Section 233 of the Act and the following provisions shall control upon any taking by eminent domain:

(1) In the event of any taking of an entire unit by eminent domain, the award for such taking shall be paid to the co-owner of such unit and to the mortgagee thereof, as their interests may appear. After acceptance of such award by the co-owner and by his mortgagee, they shall be divested in all interest in the Condominium Project. In the event that any condemnation award shall become payable to any co-owner whose unit is not wholly taken by eminent domain, then such award shall be paid by the condemning authority to the Association on behalf of such co-owner. If only a part of any unit is taken, the Association shall rebuild the same as is necessary to make it habitable and remit the balance of the condemnation proceeds pertinent to such unit to the co-owner of such unit and to the mortgagee thereof, as their interest may appear.

(2) If there is any taking of any promotion of the Condominium Project other than any unit, the condemnation proceeds relative to such taking shall be paid to the Association and the affirmative vote of more than fifty (50%) percent of the co-owners in number and in value shall determine whether to rebuild, repair or replace the portion so taken or to take such other action as they deem appropriate. If no such affirmative vote is obtained, such condemnation proceeds shall be remitted to the co-owners and to their mortgagees, as their interest may appear, in accordance with their respective percentages of value set forth in Article V of the Master Deed.

(3) In the event that the Condominium Project continues after any taking by eminent domain, then the remaining portion of the Condominium Project shall be resurveyed and the Master Deed amended accordingly, and, if any unit shall have been taken, then Article V of the Master Deed shall also be amended to reflect such taking and to proportionately adjust the percentages of value of the remaining units based upon the continuing value of the Condominium Project being 100%. Such amendment may be effected by an officer of the Association duly authorized by the Board of Directors without the necessity of execution or specific approval thereof by any co-owner, but only with the prior wrilten approval of all holders of first mortgage liens on individual units.

(4) In the event that any unit, or any portion thereof, or any common element in the Condominium Project is made the subject matter of any condemnation or eminent domain proceeding or is otherwise sought to be acquired by a condemning authority, the Association shall promptly so notify each institutional holder of a first mortgage lien on any unit.

Section G. In the event that anv mortgage on any unit is held by the Federal Home Loan Mortgage Corporation, the Association shall give written notice to the Federal Home Loan Mortgage Corporation at such address as it may, from time to time, direct: of any loss to or taking of the common elements, if such loss or taking exceeds $10,000 in amount; or of damage, in excess of $1,000, to any unit covered by a mortgage held in whole or in part by the Federal Home Mortgage Corporation.

Section H. Nothing contained in the Condominium Documents shall be construed to give a co-owner, or any other party, priority over the rights of holders of first mortgage liens, as established by their mortgages, upon a distribution to co-owners of insurance proceeds or condemnation awards.

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