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2009_0126_Packet
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2009_0126_Packet
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1/6/2012 3:24:10 PM
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4/20/2009 9:31:00 AM
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"ihe- amount• of anr��al assess�ents w�i�h may be i ev� ed far the bal ance <br />remain�ng in the f�rst year of assessment shall be an amaunt which bears t�e <br />sar�e relati�nship to the annuai assessment pro�ided far in Sect�on 3 hereaf as <br />the remainTng number of months ie� the year b�ar La tweive. Th� same reduction <br />in �he amount of the asse5sment and the metf�od of commencement of assessmer�t <br />ShaIT appjy to the f�r5t assess�tent levied agalnst any p�operty which is he�e- <br />after added Ca the propert'ies now subject to assessment at such t��e ather <br />than the b�g#r�ning of any ann�al assessmer�t p�riad. The due date af any SpeC- <br />iai as5esment under 5ect�on 4 sf�all be fixed in Lt�� resolution au�horizing <br />such assessment," <br />Section 8. Duties of i'he Baard of Qirectors. The Baard af [}irector5 <br />af the RsSOCi ation �hal 1 fix the �ate af co�nencement and the a�nount af the <br />assessment against each Lot for each asse5sme�t p�riod af at lea5t 30 days in <br />advance of sr�c� da�e or period ar�� sha�ll �in tttat�time prepare a roster of the <br />proper-t�es and a5sessmente appiicable thereto which shall be kept in the of- <br />fi ce of the Associ at� Qn and shai � b� aper� to i n5pecti or� by an Owner. Wr�tten <br />notice of the assessment sha�1 thereupon be sent to every Owner subject there- <br />to. <br />The Assaciation sha11 upan d��nand at any time f�rnish to any vwr�er <br />�iab]e far said assessr�ent a cer�ificate in writing signed by an O�ficer of <br />the Associatian s�tt�ng forti� whethe� said assessment has been paid. Su�h <br />certifieate shali be conc]us�ve evid�nce of payment af any assessment ther�in <br />stated to have �een pa�d. <br />Sectian �. Eff ect of Na�r-Payment flf Assessment: The Persona� {161iga- <br />tiore af the Ow�er; The �ien; R�edies of Assoc�ation. If the assessments are <br />r�ot paid on the date wheR du� (_�eing the date_specified �n Settian 7 here�f� <br />then such assessment shall become del i nqu�nt ar�d sf�a� Z, together wi th suth <br />interest �hereon and cost of coilectzon thereof, as hereinafter pravided, <br />thereupnn become a Gnnii r�ui ng � i e� on the property whi c�n st�a� i bind such pr�- <br />perties in the har�ds of the Owner, his heirs,_divisees, persanal r�presenta- <br />ti ves �and assi gns. The persor�a� obl i ga�ion af ti�e then Owr�er to pay such <br />assessment, however, shajl remair� his persanal ob��gatian for the statutory <br />periad and �hall not pass to h�s successors it� titTe unless expressiy assu�ed <br />by them. �:P tne assessment is not paid within tnirty (30) days a€ter the <br />delinquency date, the as5essment 5ha�l �ear interest at ti�e rate of seven (7) <br />per cent �er ar�num and the. A55oc� ati on t�ay br�ng an acti on at 1 aw aga-inst the <br />Owner personally obiigated to pay the sa�e, ar ta fo�eclose the lien agai�5t <br />the pra�erty, ar�d tt�ere shal Z be added to the amouRt of s�c� assessment the <br />cast Qf pre�arir�g and fi�ing the comp]aint in suct� action; and in the event a <br />�udgm�nt is obtained, s�c� judgment 5hall include interest on the assesment as <br />above provided�, and a reasonable attorney's fee ta �e fixed 6y the Court, <br />together w�'th the cost bf ihe actiar�, f�o Owner may waive ar otherwise escape <br />liabiii�y far the assessment5 provided for herein by nan-use of the Commvn <br />ProPerties ar abandanment of his Lot. <br />Section 10, SubvrdinatioR of L�en tc� Mortgages. The lien of �he <br />a55essr�ent prov� ded far herei n sha� � be subordi nat� tQ the i i en of any ff rst <br />mvrtgage now or h�reafter placed upon a Lot subject to:asse55ment5; provtd�d, <br />however, that sucln suhordination sf�all apply oniy ta the assessments which <br />have become d�e an� paya�le pr�o� ta a sale or transfer of a Lot pursuant ta a <br />dec.re� of fareclas�re or any other proceeding in �ieu of forec.lasure, such <br />5ale o� trattsfer sha]1 not release a Lot f�an liability for any d55�55f12R�S <br />t�ereafter becoming due, nor from the l�en of any such subsequent assessmen�. <br />-7- 17,{2/9i <br />Sl0�800'd £.L9Z069459{�{��} £5:9� 800ZlSZ�60 <br />
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