11.8.2. Any default in performance of any obligation under the Castle Pines North Documents, including any delinquency in the payment of assessments or charges owed by an Owner of a Privately Owned Site or Unit subject to a First Mortgage held, insured, or guaranteed by such eligible holder (or any First Mortgagee) which continues for a period of 60 days;

11.8.3. Any lapse, cancellation, or material modification of any insurance policy or fidelity bond maintained by the Master Association; or

11.8.4. Any proposed action which would require the consent of a specified percentage of eligible holders, as required in Section 11.9 of this Article.

Section 11.9. Other Provisions for the Benefit of Eligible Holders. To the extent permitted under Colorado law, the approval of 51 percent of the eligible holders of Mortgages on Privately Owned Sites or Units subject to eligible holder Mortgages shall be obtained before taking the following actions:

11.9.1. Restoration or repair of the Master Association Properties, after a partial condemnation or damage due to an insurable hazard, which will not be performed substantially in accordance with the Delegate District Documents and the original plans and specifications;

11.9.2. Any election to terminate the legal status of Castle Pines North after substantial destruction or a substantial taking in condemnation of the Master Association Properties; or

11.9.3. Any decision to terminate professional management, which decision shall also be subject to approval by Owners holding at least 67 percent of the votes on the Master Association.

Section 11.10. Amendments to Documents. The following provisions do not apply to amendments to the Delegate District Documents or termination of the Master Association made as a result of destruction, damage, or condemnation pursuant to Sections 11.8 and 11.9 above, or to the addition of land in accordance with Article III. If consent of any eligible holder is requested in writing pursuant hereto and a negative response is not received by the Master Association within 30 days after such eligible holder's receipt thereof, then such eligible holder shall be deemed to have given its consent.

11.10.1. The consent of at least 67 percent of the Class A votes and of the Declarant so long as it owns any Privately Owned Site or Delegate District subject to this Declaration and the approval of 67 percent of the eligible holders of mortgages on Privately Owned Sites and Units subject to eligible holder mortgages shall be required to terminate the Master Association.