3(c) Conditional Use Permit "The Range" Resort Development LLC/Premier Homes

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AMENDMENTS This Declaration may be amended by the consent (i) Owners of Units to which are allocated at least seventy-five (75%) of the votes in the Association, (ii) the percentage of Eligible Mortgages (based upon one vote per first Mortgage owned) required by Section 18 as to matters prescribed by said Section and (iii)the consent of Declarant to certain amendments as provided in Section 15.7. Consent of the Owners may be obtained in writing or at a meeting of the Association duly held in accordance with the By-Laws. Consent of Eligible Mortgages and the Declarant shall be in writing. Any amendment shall be subject to any greater requirements imposed by the Act. The Amendment shall be effective when recorded as provided in the Act. And affidavit by the Secretary of the Association as to the outcome of the vote, or the execufion of the foregoing agreements or consents, shall be adequate evidence thereof for all purposes, including without limitafion,the recording of the amendment. SECTION 18 RIGHTS OF ELIGIBLE MORTGAGEES Notwithstanding anything to the contrary in the Governing Documents, and subject to any greater requirements of the Act or other laws, Eligible Mortgagees shall have the following rights and protections: 1. Consent to Certain Amendment. The written consent of Eligible Mortgagees representing at least fifty-one percent (51%) of the Units that are subject to first Mortgages held by Eligible Mortgagees(based upon one vote per first Mortgage owned) shall be required for any amendment to the Governing Documents which cause any change in the following: (i)voting rights; (ii)assessments, assessment liens,or priority of assessment liens; (iii) reserves for maintenance, repair and replacement of Common Elements; (iv) responsibility for maintenance and repairs; (v) reallocation of interests in the Common Elements or Limited Common Elements, or right to their use; (vi) redefinition of any Unit boundaries; (vii) convertibility of Units into Common Elements or vice versa; (viii) expansion or contraction of the Property or the addition, annexafion or withdrawal of property to or from the property; (ix) insurance or fidelity bonds; (x) leasing of Units; (xi) imposition of any restriction on an Owner's right to sell or transfer his or her Unit; (xii) a decision by the Association to establish self management when professional management is in effect; (xiii) restoration or repair of the Properly (after a hazard damage or partial condemnafion) in a manner other than that specified in the Governing Documents; (xiv) any action to terminate the legal status of the common interest community after substantial destruction or condemnation occurs; or (uv) any provisions that expressly benefit Eligible Mortgagees, or insurers or guarantors of Mortgages. 27