The Bader Condominium Bylaws - Article X

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Article X. Amendment of Bylaws

1. Amendment of Bylaws

Except as otherwise provided in the Declaration or the Bylaws, these Bylaws may be amended by the affirmative vote of Unit Owners of Units to which at least sixty-six and two-thirds percent (66 and 2/3%) of the total votes in the Association appertain, at a meeting of the Association called for that purposed. Amendments may be proposed by the Board of Directors or by petition signed by Unit Owners representing at least 30% of the votes in the Association. No amendment to the Bylaws shall become effective until recorded among the Land Records of the District of Columbia.

2. Approval of First Mortgagees

The Declaration and the Bylaws contain provisions concerning various rights, priorities, remedies, and interest of First Mortgagees of Units. Such provisions in the Declaration and in the Bylaws are to be construed as covenants for the protection of the First Mortgagees on which they may rely in making loans secured by mortgages of the Units. Accordingly, all First Mortgagees shall be given thirty (30) days' notice of all proposed amendments, and no amendment or modification of the Declaration or the Bylaws impairing or affecting the rights, priorities, remedies, or interest of a First Mortgagee shall be adopted without the prior written consent of such First Mortgagees. If there is more than one First Mortgagee holding mortgages on the Units, it shall be sufficient for this purpose to obtain the written consent of the First Mortgagee or Mortgagees holding mortgages on seventy-five percent (75%) or more of the Units encumbered by mortgages.