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C� rt� such �ut��nu��ilt ►:��i�tisl�; �h��ll b�� fl�•1�1 iz»i��• tllaii :�� cla�-� follo��ii�� tlic pI'CCl'C�l[li� 2I1C'Ctlllt . SCCtlOi1 1. D�3tl� Of COI11IT1CI]('t'Illt'IlI O? r�i�illl'.11 :�5ti1'�S1Tlt'i1�5: �lll' Dates. 7�{1C' anilual a5�.esscnents pra�-i�led for hei•cin sliall cornii�ecicc on 1.he date (ti:�hich shall be the first day of a IIlOI1tI1� f11c�1 k;�,1 thc Bo��i•d of Dii•cctoi•s of tlzc Assoc�ation to be the date of coTziiilencc:mei�tr �.�i�ovidt�d, tlo�ti�evec•, t�l�lt tllE� aniival �SS�SSI21eTlt for each I.ot o�ti�c�cd by thc� Devclopers subscquent to thF date fi�ed by the Board of Directoi•s of tlle �lssociatioii U�)C'iil ��hicti tlaere is no COIT1�Jleted Livinb Unit shall CO[1�I21CI1C'C� o�� tl�c� fit•:�t da�r of tllc cal�nc!a i• rnolltli stibseqticnt to ttle dat� t�l��, SUC�1 1_.Ot COI1t�lI7S � CUI11��1t'tC(� L1IlOCC'Ll�J1�C� j�1V1117 UI11t tr1C2'E7I1� aild tIiei•�aftei' the annual assc5smcnt for each such I�ot o«�ned by tlle Det-elot�er shall be as provided in Section 3 hereof. "The first azinual assessment shall be made for the balance of the calendar year ancl shall bccome due and payable rateabl.y on the first day of each month coriimencing on the day fi�ed for commencement as hereinbefore provided. The assessments for any yeaz• after the first year shall become due and payable rateably on the first ciay of each I210I1t�i1 of said year. "The amount of annual assessments �vhich may be levi�_d for the balance remaining in the first year of assessment shall be an amount which bears the same relationship to ihe annual assessment provided for in Section 3 hereof as t11e reinaining ntimber of months in the yea r bea r to twelve. The same reduction in the arnount of the assessment and t�e method of coinmencement of assessment shall apply to the first assessment levied against any property which isheieafter added to the properties now subject to assessment at such time other than the beginning of any annual assessment period. Section 8. Duties of The Board of Directors. The Board of Directors of the Associa�ion shall fix the date of cominencement and t�1e amoLint of the assessment against each Lot for eactz assessment period of at least 30 days in adv�nce of such date or period and sllall at that time prepare a roster of the properties and assessments applic:able thereto which shall be kept in the office of the Association and shall be open to inspection by an Owner. Written notice of the assessment shall thereupon be sent to every O�vner subject thereto, � The Association shall upon demand at any time furnis�l to any Owner liable for said assessrnent a certificate in writing signed by an officer of the Association setting forth whether said assessment has been paid. Such certificate shall be conclusive evidence of pa,yment of any assessment iherein stated to have been paid. Section 9. Effect of Non-PGyment of A�sessm�nt: The Personal Obligation of the Owner; The Lien; Reinedies of Association. Lf the assessments are not paid on the date when dtie (b�ing the date specified in Section 7 her�eof) then such assessment shall become delinquent and shall, together �vith such interest thereon and cost of collection thereof, as hereinafter provided, thereupon become a continuing lien on the property �,vhich shall bind such properties in the hands of the ihen Owner, hi� heirs, devisees, personal representatives and assigns. The personal obligation of the then O�vner to pay such assessment, however, shall remain his personal obligation for the statutory period and shall not pass to his succe�sor•s in title unless eYpressly assumed by them. If the assessment is not paid �vithin 30 days after th� delinquency date, the assessment shall bear interest from the date of delinquency at the rate of 6% per annum and the Association may bring ar_ action at la�v a�ainst the O�vner personally obligated to pay the same, or to foreclose the lien against the property, and there shall be added to the amount of such assessment the cost of preparing and filing the complaint in such action; and in the event a judgment is obtained, such jud;ment shall include interest on the assessment as above provided, and a reasonable attoz•ney's fee to be fixed by the Court, together �vith t�ze cost of the action. No O�vner may waive or other«�ise escape liability for the assessments provided for herein by non-use of the Common Properties or abandonmeni of his lot. Section 10. Subordination of Lien to l'Iortgages. The lien of the assessments -5-