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(e) reallocation of interests in th~ general or <br /> restricted co~L~n areas, or tic to their use; <br /> (f) boundaries of any Lot; <br /> (g) convertibility of Lots i~to areas or vic~ <br /> versa; <br /> (h) expansion or contraction of the )roject, or the <br /> addition~ annexation or ~! of property to <br /> or f~om the project; " <br /> (i) insurance or fidelity bonds; <br /> (j) leasing of any residences within any Lots; <br /> (k) imposition of any restrictions a Lot owner's <br /> right to sell .or transfer~his Lo <br /> (!) a decision by the Association to establish self- <br /> management when professidnal had been <br /> required previously by an eli( e mortgage holder; <br /> (m) restoration or repair of the prolect (after a <br /> hazard damage or partial in a manner <br /> other than that specified, in the documents; <br /> (n) any action to terminate the status of the <br /> project after substantial~ or <br /> condemnation occurs; or ~ <br /> (o)any provisions that expresslyJbenmfit mortgage <br /> holders, insurers or guarantors. <br /> <br />When Lot owners are considering termination of the legal status of <br />the project for reasons other than subs :antial destruction or <br />condemnation of the property, the f~rst mortgage holders <br />representing sixty-sevenpercent (67%) of tke votes of the Eligible <br />Mortgage Holders must agree. <br /> <br />Section 5 Right to Examine Books and Rec( rds: First mortgagees <br />can examine the books and records of the ssociation at any time <br />during normal business hours and can re~ire the su~nission of <br />financial data concerning the Associaticn including at their <br />request annual audited reports and oFf,rating statements as <br />furnished to the owners robe supplied them ~thin ninety (90) ~ys <br />of the end of the fiscal year. <br /> <br />Section 6 Distribution of Insurance and ~ondemnation Proceeds: <br />No Lot owner, or other party, shall have pri,)rityoverany right of <br />fi=st mortgagees of Lots pursuant to their ~ortgages in case of a <br />distribution to Lot owners of insurance pr )ceeds or condemnation <br />awards for losses to or a taking of Lots or any common area. Any <br />provision to the contrary in this Declaratio or in the By-Laws or <br />other documents relating to the Project is to such extent void. <br />Ail applicable fire and all physical loss or extended coverage <br />insurance policies shall contain loss payabl~ clauses acceptable to <br /> <br /> 36 <br /> <br /> <br />