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send a written request to the Association stating both its name and address and the Unit number
or address of the Unit on which it has (or insures or guarantees) the Mortgage.

18.6 Effect of Declaration Amendments. No amendment of this Declaration shall be
effective to modify, change, limit, or alter the rights expressly conferred upon Mortgagees in this
instrument with respect to any unsatisfied Mortgage duly recorded unless the amendment shall be
consented to in writing by the holder of such Mortgage. Any provision of this Declaration
conferring rights upon Mortgagees which is inconsistent with any other provision of said
Declaration or the Bylaws shall control over such other inconsistent provisions.

18.7 Insurance.

18.7.1 Board Duties. With respect to a first Mortgagee of Unit, the Board shall:

(a) Cause any insurance carrier to include in the insurance policy a standard
mortgage clause, naming any mortgagee who makes written request to the Board to be so named;

(b) Furnish any such Mortgagee with a copy of any insurance policy or
evidence thereof which is intended to cover the Unit on which such Mortgagee has a lien;

(c) Require any insurance carrier to give the Board and any and all insureds
(including such Mortgagees) at least thirty (30) days' written notice before canceling, reducing
the coverage or limits, or otherwise substantially modifying any insurance with respect to the
Property on which the Mortgagee has a lien (including cancellation for a premium non-
payment);

(d) Not make any settlement of any insurance claims for loss or damage to any
such Unit, Common or Limited Common Element exceeding Five Thousand Dollars ($5 ,000)
without the approval of such Mortgagee; provided, that the withholding of such approval shall
not be unreasonable or in conflict with the provisions of Article 14;

(e) Give such Mortgagee written notice of any loss or taking affecting
Common Elements, if such loss or taking exceeds Ten Thousand Dollars ($10,000);

(f) Give such Mortgagee written notice of any loss, damage or taking
affecting any Unit or Limited Common Elements in which it has an interest, if such loss, damage
or taking exceeds One Thousand Dollars ($1,000);

18.7.2 Additional Policy Provisions. In addition, the insurance policy acquired

shall:

(a) Provide that any reference to a Mortgagee which in such policy shall mean
and include any holders of Mortgages of any Unit or Unit lease, in their respective order and
preference, whether or not named therein;

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