Maple Crest Condo Prpty

Key facts from Maple Crest Condo Prpty's documents

Reflects the 1974 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Name in Preamble: Maple Crest Condominiu)

Units / lots

Originally 44 apartments; after Second Amendment (1985) 43 apartments (Article 3 ([[PAGE 28]]): '44 Apartments,)

Governing law

Nebraska Condominium Property Act (Nebraska Revised Statutes Sections 76-894 to 76-823) (Declaration Preamble ([[PAGE 25]]))

Assessments & dues

Not fixed; determined by Board of Directors for Common Expenses (Article 9(A) ([[PAGE 37]]))

Special assessments

Yes, as needed for reconstruction costs (Article 12) and otherwise as provided (Article 12(E) ([[PAGE 46]]) and Article )

Collections & liens

Assessments constitute a lien on each Apartment; prior only to real estate taxes and first mortgages; lien may be foreclosed by action; Association has power of sale; may bid at sale; can recover interest, costs, attorneys fees (Article 9(C), (D) ([[PAGE 37]]-[[PAGE 39)

Reserves & fees

Yes, Association maintains reserves as part of Common Expenses; any excess reconstruction funds deposited into reserve (Article 9(A) ([[PAGE 37]]); Article 12(E)

Home business

Prohibited; no business, trade, occupation or profession of any kind in any Apartment or Common Areas. Exception for personal professional library, records, telephone/correspondence (Article 6(H) ([[PAGE 34]]))

Signs & flags

Declarant may display signs offering apartments for sale/lease on model apartments and Common Areas (Article 6(J)). No other provisions for owner signs. (Article 6(J) ([[PAGE 35]]))

Use restrictions

Yes; Property shall be used as private residential dwellings only, not for transient or hotel purposes (Article 6(C) ([[PAGE 32]]))

Voting & meetings

Each Apartment entitled to one vote equal to its percentage interest in Common Areas and Facilities (Exhibit B); Owner or proxy casts vote; multiple ownership does not increase vote (Article 7(B), (C), (D) ([[PAGE 35]]))

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.