My WebLink
|
Help
|
About
|
Sign Out
Browse
201503252
LFImages
>
Deeds
>
Deeds By Year
>
2015
>
201503252
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/20/2015 8:49:55 AM
Creation date
5/20/2015 8:49:51 AM
Metadata
Fields
Template:
DEEDS
Inst Number
201503252
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
69
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
8.17 Suspension of Voting Rights. <br />ARTICLE 9 <br />COVENANT FOR ASSESSMENTS AND CREATION OF LIEN <br />9.1 Obligation to Pay Assessments and Other Charges. <br />9.2 Regular Assessments. <br />Page 45 of 69 <br />201503252 <br />Areas and adjoining Lots or public rights -of -way. Except as expressly permitted by this Section, <br />the Common Area shall not be mortgaged or conveyed without the prior written consent or <br />affirmative vote of the Owners holding at least seventy -five percent (75 %) of the votes in the <br />Association. <br />If any Owner fails to pay any Assessments or other amounts due to the Association under <br />the Community Documents within fifteen (15) days after such payment is due or if any Owner <br />violates any other provision of the Community Documents and such violation is not cured within <br />fifteen (15) days after the Association notifies the Owner of the violation, the Board shall have <br />the right to suspend such Owner's right to vote until such time as all payments, including interest <br />and attorneys' fees, are brought current and until any other infractions or violations of the <br />Community Documents are corrected. <br />Each Owner, other than the Declarant and the Designated Builders, by becoming the <br />Owner of a Lot, is deemed to covenant and agree to pay Assessments to the Association in <br />accordance with this Declaration. All Assessments shall be established and collected as provided <br />in this Declaration. No Regular Assessment or Special Assessment shall be levied against any <br />Lot owned by the Declarant or a Designated Builder. Each Assessment, together with any <br />Collection Costs, shall also be the personal obligation of the Person who was the Owner of the <br />Lot at the time the Assessment became due. The personal obligation for delinquent Assessments <br />shall not pass to the successors in title of the Owner unless expressly assumed by them. <br />No Owner shall be exempt from liability for Assessments because of such Owner's non- <br />use of the Common Area, abandonment of such Owner's Lot, or other circumstance. The <br />obligation to pay Assessments is a separate and independent obligation on the part of each <br />Owner. No diminution or abatement of Assessments or set -off shall be claimed or allowed for <br />any alleged failure of the Association, the Board, or the DRC to take any action or perform any <br />function required of it. <br />At least thirty (30) days prior to the commencement of each Assessment Period, the <br />Board shall prepare and adopt a budget of the estimated Common Expenses for the next <br />Assessment Period, including any contribution to be made to a reserve fund. The budget shall <br />also reflect the sources and estimated amounts of funds to cover such Common Expenses, which <br />may include any surplus to be applied from prior years, any income expected from sources other <br />than Assessments, and the amount to be generated through Assessments against the Lots. Based <br />on the budget adopted by the Board, the Board shall assess a Regular Assessment against each <br />Assessable Lot. The Regular Assessment shall be the same for each Assessable Lot. The <br />
The URL can be used to link to this page
Your browser does not support the video tag.