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<br /> (A) "Meetings" The annual medtfng wfll be held Cerla9thi` time•52
<br /> „ � two weaks af December. Electlon �f Officers will take p
<br /> Speclal meetings may be cslled by the President at any tlme to handle
<br /> . ' specific business. Any three members may request the officers to call a
<br /> � meeting if necessary. Proper notiflcatinn of all members must be made. .=s=
<br /> ARTICLE IV. -
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<br /> . ., OOVENANT FOR MAINTENANCE ASSESSMEt�ffS
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<br /> �� . - Section 1.Creation of the Lfen and Personal Obllgation of Assessments.The Dec- r,�_r
<br /> � laratlon for each lot owned within the propertlea hereby covenants, and each Owner of
<br /> . an lot by acceptance of a deed therefore, whether or not ft shall be so expressed in such �_'
<br /> R, deed, is deemed to covenant and agree to pay the Association: (1) Regular annual assess- _-
<br /> . ments or charges for the purposes ot mafntenance �s herein after set forth, including but _�
<br /> not Iimited to: snaw removal of driveways and eldewatks; the cutting and trimming of FV
<br />-� graes� appUcation of fertlllzer, herbicides and pesticldes to the lawn��, endinklerli s'ys- �
<br />_� trimming and care of shrubs and trees, and mai�tenance of the pump
<br /> � " tems. (2) Regular assessments for Ilabllity insurance, and (3) Assessments for capftal
<br />-� improvements,such assessments to be established and collected as herelnafter providod.
<br /> Such regular and apeclai assessments� ioyniii8i w{ih litiaras2, costs, erx� r�asonable at-
<br />-, torney's fees, shall be and constitute, from tho date levled until pald, a continuing charge
<br /> agelnst and Uen upon such lot or property against which each such assessment Is made,
<br /> -: '"i�'�3`� withaut any requirement of recording further notice of such Ilen. Each such assessment,
<br />�'�'�•����`� � together with interest, costs, end reasonable attorney's fees, shall also be the personal
<br />�.....
<br /> t:• . ` obllgation of each person who was an Owner of such lot at the time when the assessment
<br /> �'��• -•�-�`M fell due. The personal obl(gation for delinquent assessments shall not pass to successor
<br />�-:� • � �� Owners unless expressly assumed by them.
<br />�a;��,-.I.T'f
<br /> � ��"` � ection 2. Purpose of Assessments. The Assessments levied by the Associatfon
<br />:,'��� •� � shall be used exclusively to promote and sustain their socfal weltare and otherwise pro-
<br /> ..iw r,er.:«s,. ,
<br />��y�;;-��-�-���+ vide 1ar thelr health, pleasure, recreation, satety and othor nonprofitable in4erests y
<br /> ••- ��°�� i� acquiring, maintaining, operating, contributing to the acquisition, rnalntenance, or op-
<br /> y�" "�-',`� eration of, or otherwise making available for use any one or more area entrances nr en-
<br />=ti� ' ��°A try structures, recreational equfpment, facilitles, grounds or structures, to provide
<br /> �'� weed and other actual or potential nuisance control, and to provide architectural control
<br />_k . .
<br /> � „ and secure comptiance with or enforcement of applicable covenants, easoments, restric-
<br /> � tions; and slmilar Iim(tations, and to undertake such other activlties appropriate, con- _.
<br />_�' �, venient or necessary to promote or sustain any such fnterest. fie Aas o c l a t f o n i s s p e-
<br />�=!����:" � clflcally authorized hereunder to cont�act wfth any professional management company to __.
<br /> furnish professlonai management of the propertlas and to provide said exterior mafnte- _��
<br />- • nance as set forth hereln. r
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<br /> �' tion . Regular Assessments. Before each fiscal year the Board of Dfrectors of r;_
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<br /> the Assocfation shall adopt and flx In reasonably ftemized detail an annual budget of the �..
<br /> � Working Fund for the then anticipated flscat aftalrs and general operations of the Asso-
<br /> � cfatfon for that year, and shall pay a levy and collect monthly assessments frorn each
<br /> To�vnhome on the propertfes which, if any, shall be sufficient to fund the budget for sald
<br /> � ffscal year.
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