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201205485 Section 3. Annual Assessment. The Board of Directors of the Association may fix the Annual Assessment in such amounts as may be necessary to provide for the snow removal and lawn maintenance activities described in 5ection 2. Section 4. Notice and Quorum for Any Action Authorized Under Section 3. Written notice of any meeting called for the purpose of taking any action authorized under Section 3 sha11 be sent to all members not less than fourteen (14) days nor more than thirty (30) days in advance of the meeting. At the first such meeting called, the presence of inembers or proxies entitled to cast fifty percent (50%) of all the votes shall constitute a quorum. ' Section 5. Uniform Rate of Assessment. Both annual and special assessments must be fixed at a uniform rate for all lots and may be collected on a monthly basis. Section 6. Date of Commencement of Assesment; Due Dates. The annual assessments provided for herein shall commence as to all Lots on the first day of the month foliowing the recording of this Amended Declaration. The first regular assessment shall be'adjusted according to the number of months remaining in the calendar year. The Board of Directors shall fix the amount of the assessment against each Lot, at least thirty (30) days in advance of each annual assessment. Written notice of the assessment shall be sent to every Owner subject thereto. T'he due ate shall be established by the Board of Directors. The Association shall, upon demand, and for a reasonable charge, furnish a certification signed by an Officer of the Association setting forth whether the assessments on a special Lot have been paid. Section 7. Effect of Nonbavment of Assessments; Remedies of the Association. Any assessments not paid within thirty (30) days after the due date shall bear interest from due date at the rate of twelve percent (12%) per annum. If three or more monthly installments of assessment on any Lot shall be unpaid, then the remaining installments of the assessment for such fiscal year, at the option of the Board of Directors; shall become at once due and payable. The Association may bring an action at law against the Owner personally obligated to pay the same or foreclose the lien against the property in the same manner as provided by law for foreclosure of mortgages. No Owner may waive or otherwise escape liability for the assessments provided by non-use of the Cor�mon Area or abandonment of his Lot. Section 8. Subordination of the Lien to Mortg, �es arid Release of Lien. The lien of the assessments provided for herein shall be subordinate to the lien of any first mortgage and any first mortgagee may rely on this provision without execution of any further subordination agreement by the Association Sale or transfer of any Lot shall not affect the status or priority of the lien for assessments made as provided herein. The Board of Directors of the Association may release the lien of past due assessments on property as to which the first mortgage is in default if the Board determines that the lien has no value to the Association. ARTICLE IV ARCHITECTURAL CONTROL No building, fence, wall or other structure shall be commenced, erected or maintained upon the Properties, nor shall any exterior addition to or change or alteration therein be made until the plans and.specifications showing the nature, kind, shape, height, materials, color scheme, and location of the same shall have been submitted to and approved in writing as to harmony of external design in location in relation to surrounding structures and topography by an affirmative vote of the majority of the Board of Directors of the Association. In the event that the Board of Directors of the Association fails to approve or disapprove such design and location within thirty (30) days after said plans and specificatio�s have been submitted to it, approval will not be required and this Article will be deemed to have been fully complied with. 3