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First Mortgagees as set out in Article XII hereof; provided, however, that no amendment shall be made or be effective which affects, in any way, any of the rights of Declarant as set out in this Declaration or In t~~ Bylaws, including, without limitation, Special Declarant Rights, the rights set out in Articles II and XIV and in Sections 3.4. and 4.3. of the Declaration, and the rights set out in Article VI of the Bylaws, without Declarant's prior written consent, except that such consont shall not be required as to any right of Declarant which has expired or has been waived by Declarant pursuant to a specific provision of the Declaration or Bylaws, and except that such ~on8ent shall not be r~quir~d for any amendment made after Declarant is no longer a Unit OWner. During such time that Declarant retains control of the Association, any amendment to this Declaration shall be subject to approval by the Veterans Administration. ARTICLE XII. Rights of First Mortgagees The following provisions shall take precedence over all other provisions of this Declaration and the Bylaws: 12.1. Notice. Each First Mortgagee and each insurer or guarantor of a First Mortgage, upon written request stating its name and address and describing the Unit in which it holds an interest, shall be entitled to timely written notification by the Association of (i) any default under this Declaration or the Bylaws by the Unit OWner of the Unit to which its First Mortgage applies that remains uncured for sixty (60) days. (ii) any lapse. cancellation or material modification of any insurance policy or -28-