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<br /> `�� `^:�: ��.�` �� • twetve 1121 monthi a
<br /> y p yments as possibte`with the �rst paymenY to inclucf� th� ��-�,:
<br /> � � :�``� remainde� after dt�ision. These monthly p�ymer�ts shail become due and�ayab�e �=
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<br /> . , upon ths 1st of May and the 1sY of each mvnt� therea�ter during the fiscal year. �'��
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<br /> . � '� ` . Ans�uai assesssnents��or�ach fisaal year thereafter shatt be levted �nd shatl becom�
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<br /> - . t�• � � � due and paya6te in the same manner. Annual assessatents to�s levled against each � ��,�`
<br /> � unit and the owner thereof�hati be computed acaording to such unit's share of tha "
<br /> _'� "� . rotal ��nual budg�t for th� fiscaf year based upon the parc�nt�8� of such unit's ,
<br /> - - ---. percentage as set forth in P�ragraph Vi of the tVlaster�$ed anr�OSCiaretion.
<br /> ` . <:, �5��on 3. In rim Assl�ssments. � _
<br /> •��'-
<br /> �• � � ��..
<br /> � � Ur�ttil May 1, 9998,tit�:�.foltawing Interim assesstt�ents shalt be due and Rayebie
<br /> ,s.��f ' : ` on the�irst day of est�b,aal�rtdar mun4h: ` -��� ' �:�
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<br />- : � � � � � Unit . 1Rti�a'r�Ass�$sniient -_=
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<br /> � ��� ''t , The first interim assessrttent shall accrue, as�to a ��fiaser of a unit from �
<br /> , �� i . , . Declarant upon the flrst day a��e next ca{endaz cRCfi�foftmv��the d�te of ctosi�g: .
<br /> �' .�;, L��. taterim assgssments�shail [tecome due anei p���'a�.,u�on�tiie fit�ft day of each
<br /> ��. : ° ';:,��t `:� . _ calendar month. � . . � .t�.:,::;=, � ,. � -
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<br /> � r.: r7�� ?s'�f � �ction 4. Snecia� As�essmer�ta� , •.��,, . �r - .. � �
<br /> � ;,. � • ` •: ... � ., : , : ; -
<br /> �� �_ , , . >., . ;;. _ . . ., : .. .._ -..,-
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<br /> Speciat assessments may��s assessed and���1 agalnst each u'ti�'�in'addition -
<br /> �?;ir :..�.:,; ,. .,,:.��:;; . r ..;,.: ;•� . .. _
<br /> ; to the annual or inierim asse�sments provlded.f.or� �-;', :�;d��i�r,�_�ny assessment year _
<br />-�i�; t;!:� •,.� -��_ for th� purpose of defrayi�g, in whole or In p��i�;,��e ca�s�'�+�f any constructian,
<br /> µ"" '-- �`' reconsYruction, improvement, repatr or reptacer�ic�#`a��a cap��1 impravemeM af the
<br />�' ����� ' �� �: ��'.i.� common element including fixwres and p�rsae�ll`.'�.l�t�perty, subject to the owner =
<br /> � �-� approval provisions of the Mastsr Deed�n�,����k��frt and these By-laws. Where � �
<br /> � ' ��•�� . no proviston is applicabie, the discretl�u�;;��;'C�s Ficecudve Baard sha{{cont�oi.
<br /> � .., �.., . , . � . .
<br /> „'�. -;. . S��a! .assessments ��r,�,I! be�i�`u�and �/�i`>9� thirt�p• $3�} �§;� �eftet the � " -
<br /> . ' lfr.jJe�.• . l �'� 1 fl ' __.
<br /> �.';�,{,�r,��;; assessrnt6r�;�.�:.ts. levtsd agatar��:t�tt� owners arid ����the���;,..�t�s ���i;��tven, �ntl
<br /> 4� . . .. t.. /�.� .
<br /> ..� �� � special assass�Q���t�bt pat�i�.�wtthin thirty 13n�•�dt�ys tti!�r�I�t sfi8� be treated -
<br /> .`�j. � � �..:.. ,��, ,
<br /> :---� :�;� . according to the`C�i and fien prov[sions herea�$er: � � T
<br /> .. .:,.�. .,,,;,�. . , .
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<br /> � .,:� �asi(�o.�,:..F�s�v�A���st�ol�, . �. � �
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<br /> : � '_`: . � � . , .: ... , -
<br /> •� 'fhe Oireatars of th�.a��.a�t��ca�ii rinay arran8e to have all essessments in �.
<br /> � � � �`��� ` �� Seotion 4 of Articte V paid�b::�am��:r��cro�v Yund to be held and manag�c�by a bank or �;:
<br /> �. . . s�vings xn+��toan associatia�����:�`::''� ". ;� =
<br /> '.:' ,� . , `. ' , . '`:. _
<br /> `�� . ��on 6. Par�s�}naE.4ssessment liabiRtv. =
<br /> ,,;�,. . �� . ; � . �
<br /> �• '�•�,`���`l�``,� �.;i Gach untt owner ar. [f more than orte, aurm�ai�,Jotntty an���vaQalty, shail be �
<br /> : "::�'." . �; personaity tiabte for the paymar►t of a�e+oss�rents�u�i+doar the.�reec��i�g�5�ctt�n�. 'Upon =
<br /> .•--. � � ' � the expiration of thirty l3Q)�days #res� ehe du� date a� �n a�sossmc�ht, t� said '
<br /> __ -- - � assessme�t remai���ungaic4i:th� A�s�cieti�n mey bring sui� �aainst ehe�owner o� . ��
<br /> • � � � '• ownecs of s�id ufiit far'rocovery af the sam��. If the assessmeriY Is � monthly l�
<br /> : � � instaltment af an annuaf assessment,the default in payment of one instaltment when '
<br /> .� due,.may, et the option af the Assocfat�nn, cause the remainder of ti�e installments �
<br /> � � due for that annual period to 6ecome immediatety due�nd payable. The defauitirtg . � �
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