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-� -, 5. Associuion. The Owners of each lot herein shall become a member of the Owasso Ridge Homeowners' Association, Inc., a Minnesota non-profit corporation. Each owner shall be entided to one vote in the Associatiods business. The Association and lot Owners shall have the following responsibilities, duties, and obligations: A. By acceptance of a Deed or other instrument of conveyance for his or her lot within the Plat, each lot owner shall be deemed to covenant and agree to pay to the Association annual assessments and special assessments for Association expenses. Assessments shall be fixed, established, and coilected from time to time, as provided in this Declaration shall be subject to change by the Association. B. The annual and special assessments, together with interest and costs of collec[ion as provided below, shall be a continuing lien on Ihe lot effected and shall also be a personal obligation of the owner of the Property and the date when the assessment is due. Such personal obligation shall not pass to successors entitled to the effective Property unless expressly assumed by the successors. C. Unless changed by a vote of over 50 percent of the lot Owners, the annual assessment for any lot in the Plat shall be that of the amount last approved by 50 percent of the lot Owners. D. A vote of the members of the Association, in the manner set forth below, [he Association may levy, in addition to annual assessments, a special assessment or assessments in any calendar year, applicable to that year only, for the purpose of defraying in whole or in part, the cost of any extra ordinary expense incurred by the Association. E. Any special assessment must be approved by the Board of Directors of the Association and have the assent of more than 50% of the votes of [he lot Owners in a meeting called for that purpose. Written notice of a meeting called for such persons shall be send to members of the Association at least 10 days in advance of the date of the meeting setti�g forth the purpose of the meeting. P. It shall be the duty of the Association to notify all Owners or convact purchasers of the lots within the Plat, whose addresses shall be supplied ro the Association, by sending written notice to each of the Owners within ten days after the date the assessment has been fixed and levied giving ar� amount of the charge for the assessment for the current year, when the same shall be due, and the amount due for each lot owner. G. The amount oY the monthly assessment shall be $60.00 ($720.00 3