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' personal liability with respect to any contract or other commit- <br /> ment made by them, in good faith, on behalf of the Association <br /> (except to the extent that such officers or directors may also <br /> U <br /> be members of the Association) , and the Association shall indem- <br /> nify and forever hold each such officer and director free and <br /> 1 <br /> harmless against any and all liability to others on account of <br /> any such contract or commitment. Any right to indemnification <br /> provided for herein shall not be exclusive of any other rights <br /> w <br /> o <br /> to which any officer or director, or former officer or direc- <br /> tor, may be entitled. The Association shall, as a common ex- <br /> pense, maintain adequate general liability and officers' and <br /> directors' liability insurance to fund this obligation. <br /> cn <br /> ARTICLE XIII <br /> MORTGAGE PROVISIONS (.^. <br /> The following provisions apply to the Properties, and <br /> none may be amended without the consent of at least two-thirds <br /> (2/3) of the first mortgagees: <br /> Section 1. Consent of Lenders Required. Unless <br /> seventy-five (75%) percent of the institutional holders of <br /> first mortgages within the Properties have given their <br /> prior <br /> approval, the Association shall not be entitled to: <br /> #' ;f (a) by act or omission seek to abandon, alienate, re- <br /> > r lease, partition, hypothecate, subdivide, encumber, sell, or <br /> } a' transfer any common area owned, directly or indirectly, by the <br /> s. <br /> `; -32- I <br /> • <br />