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<br />b. Any Common Expense or portion thereof benefitting fewer than all of the <br />Units may be assessed exclusively against the Units benefited, on the basis <br />of (i) equality, or (ii) the actual cost incurred with respect to each Unit. <br /> <br />c. The costs of insurance obtained by the Association, if any, may be <br />assessed in proportion to value, risk or coverage, and the costs of utilities <br />may be assessed in proportion to usage. <br /> <br />d. <br />connection with (i) the collection of assessments and (ii) the enforcement <br />of the Governing Documents against an Owner or Occupant or their <br /> <br /> <br />e. Fees, charges, late charges, fines and interest may be assessed for failure <br />to pay assessments when due, as determined by the Board of Directors. <br /> <br />f. If any damage to the Common Elements or another Unit is caused by the <br />act or omission of any Owner or Occupant, or their guests, the Association <br />may assess the costs of repairing the damage exclusively against the <br /> <br /> <br />g. If any installment of an assessment becomes more than 30 days past due, <br />then the Association may, upon 10 days written notice to the Owner, <br />declare the entire amount of the assessment immediately due and payable <br />in full. <br /> <br />h. If Common Expense liabilities are reallocated for any purpose, Common <br />Expense assessments and any installment thereof not yet due shall be <br />recalculated in accordance with the reallocated Common Expense <br />liabilities. <br /> <br />i. Assessments under Subsections 6.1 a.-g. shall not be considered special <br />assessments as described in Section 6.3. <br /> <br />6.2 Annual Assessments. Annual assessments shall be established and levied by the <br />Board. Each annual assessment shall cover all of the anticipated Common <br />Expenses of the Association for that year. Annual assessments shall provide, <br />among other things, for contributions to a separate reserve fund sufficient to cover <br />the periodic cost of maintenance, repair and replacement of the Common <br />Elements. The entire Annual Assessment shall be due and payable in full at the <br />time it is levied, but, at the discretion of the Board, may be paid in monthly, <br />quarterly, or semi-annual installments, or as otherwise determined by the Board. <br /> <br /> <br /> <br /> <br />_____ <br />12 <br />022818 <br /> <br />