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A. Two (2) or more Units may be merged into one (1) Unit upon compliance with the provisions of Section 703.13(8) of the Act and this Section 10.4, provided that the Board of the Association approves (which approval shall not be unreasonably withheld by the Board). The Association's President, upon written application of a Unit Owner proposing the merger of a Unit (hereinafter the "Merger") and after thirty (30) days' written notice to the other Unit Owners shall promptly present the matter to the Association's Board. If approved, the President of the Association shall promptly prepare and execute appropriate instruments under this section. An amendment or addendum to the Condominium instruments shall assign a new identifying number to the merged Unit created hereby, shall allocate to the merged Unit, on a reasonable basis acceptable to the Merger and the other Unit Owners, all of the undivided interest in the Common Elements and rights to use the Limited Common Elements. The vote in the Association formerly appertaining to the merged Units will be consolidated in the resulting merged Unit. The amendment shall reflect a proportionate allocation to the new Unit of the liability for Common Expenses and right to common surpluses formally appertaining to the merged Units. B. Plats and plans showing the boundaries and dimensions merging the Units together with their new boundaries and their new identifying numbers shall be prepared. The plat and plans shall be certified as to their accuracy and compliance with Subsection 703.13(8)of the Act, by a civil engineer, architect, or licensed land surveyor authorized to practice his or her profession in the State of Wisconsin. C. After appropriate instruments have been prepared and executed, they shall be delivered promptly to the Merger upon payment by him, her or it of all reasonable costs for their preparation. Those instruments are effective when the Merger has executed them and they are recorded in the Dane County Register of Deeds Office. The recording of the instruments shall be conclusive evidence that the merger did not violate any restrictions or limitations specified by the Condominium instruments and that any reallocations were reasonable. 10.5 Expenses. All expenses involved in any improvements, separations, mergers or alterations approved by the Association or permitted under this Article, whether or not completed, including all expenses to the Association, shall be borne by the Unit Owner or Unit Owners involved and may be charged as a special assessment to the affected Unit or Units. ARTICLE XI INSURANCE 11.1 Property Insurance. The Association shall obtain and maintain insurance for the Units, Limited Common Elements and Common Elements, on an "all risk basis" for an amount not Tess than the full replacement value of the insured property. For purposes of this paragraph, "insured property" shall include all elements of the buildings constituting the Condominium, including without limitation, all interior finishes, built-in cabinets, plumbing fixtures, heating, ventilating and air conditioning equipment, partition walls and 2-19