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1. <br /> • • <br /> I . <br /> , N <br /> \ i ' Board of Directors, or its duly authorized agent, shall pro- <br /> ! <br /> reed with the filing and adjustment of all claims arising un- <br /> , ider such insurance and obtain reliable and detailed estimates <br /> 'i v of the cost of repair or reconstruction of the damaged or de- <br /> , . 0 <br /> ; _ stroyed property. Repair or reconstruction, as used in this <br /> 5 <br /> '` paragraph, means repairing or restoring the property to sub- <br /> tnstantially the same condition in which it existed prior to the <br /> m fire or other casualty. <br /> M <br /> j (b) Any damage or destruction to the Common Area shall <br /> Vn be repaired or reconstructed unless at least seventy-five (75%) <br /> °,b percent of the total vote of the Association shall decide within <br /> , sixty (60) days after the casualty not to repair or reconstruct. "' <br /> ti• <br /> If for any reason either the amount of the insurance <br /> Y proceeds to <br /> CD <br /> _:.: be paid as a result of such damage or destruction, or reliable V,, <br /> and detailed estimates of the cost of repair or reconstruction, <br /> or both, are not made available to the Association within said <br /> period, then the period shall he extended until such information <br /> shall he made available= provided, however, that such extension <br /> shall not exceed sixty (60) days. No mortgagee shall have the <br /> ■ <br /> right to participate in the determination of whether the Common <br /> ti <br /> a Area damage or destruction shall he repaired or reconstructed. <br /> (c) In the event that it should be determined by the <br /> I <br /> • �t I Association in the manner described above that the damage or <br /> '. ) E '' destruction of the Common Area shall not be repaired or recon- <br /> structed and no alternative improvements are authorized, then <br /> • x <br /> of •r,yi�r <br /> -15- <br /> a. <br /> . <br /> It ' :, <br /> r N <br /> r * ` <br /> • . '( .r t: '`Y4 ;-ifs';:, .% ,-11.c. ,.F-.I ,. 1,,,, ).".♦ ki P ." ' •'* 1 ,i'i" + `� '''4'1,0.- <br /> dt vy I P! .k < 4 # S A4 . . �y r- ' • Ii :: <br /> ....!F‘';„ r �• R .a4ny 1 ,.r. 11. 't '0' 1 e rr..'•�yyyqLC,(. <br /> .jj • <br /> . ,♦ YF , -. , � ry" 'i t 4} 1 •i . , ■_f N t',* '' L ., C ♦t r , '4tr+.'% <br /> t - 4• /.f' ? `fir <br />