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5 201605466 2. In addition to enforcing the provisions of the Restrictive Covenants, Restrictions and Conditions contained herein, the Association shall provide such other services to the Owners as determined from time to time by the Owners of a majority of the Lots, and to the extent required by the Association, its agents, and employees shall have a license to enter upon each Owner's Lot as may be reasonably necessary in order to perform these services. These services and responsibilities of the Association may include, but are not limited to, the following: (a) maintenance of any boat docks and beachfronts respect to Lots abutting Jeff's Lake; (b) maintenance of the physical properties and general appearance and condition of Jeff's Lake; (c) payment of any taxes or special assessments levied by any governmental body regarding Jeffs Lake; or (d) payment and maintenance of one or more insurance policies to adequately insure against those risks naturally arising out of the ordinary use of Jeff's Lake, including property damage or bodily injury. 3. The Association is specifically authorized hereunder to contract with any third party to perform the services of the Association hereunder. 4. In the event that there is any maintenance or repair to Jeffs Lake done by Association resulting from the willful or negligent act of any Owner, his or her family, guest or invitees, the cost of such maintenance or repair shall be promptly paid by such Owner. 5. Monthly, quarterly or annual dues and special assessments may be levied by the Board of Directors of the Association for services provided by the Association. Dues and assessments shall be uniform as to each Lot abutting Jeff's Lake. 6. Owners shall pay such dues and special assessments to the Association upon receipt of billings therefore. Each Owner's dues shall be determined on an annual basis payable monthly, quarterly or annually as the Association's Board of Directors may determine. The amount of dues payable shall be based upon an estimate of the Association's cost for administration and maintenance and each Owner shall pay the dues so established in advance upon receipt of written notice of the amount thereof from the Association. Special assessments may be levied for any of the Association's operating costs that are not covered by dues. At the end of each fiscal year, a statement of the total year's Association operating costs shall be presented to Owners and the Owners shall pay any excess charge to the Association within thirty (30) days of receipt of a statement for that Owner's allocated share of excess charges. 7. All such dues and assessments shall further be subject to the following provisions: (a) The Association at its annual meeting of Owners shall prepare, approve and make available to each Owner a budget containing: (1) estimated revenue and expenses on an accrual basis; (2) the amount of any cash reserves of the Association currently available for services the Association provides and for contingencies; (3) an itemized estimate of the remaining life of, and the methods of funding to defray repair, replacement or additions to the improvements provided, maintained or installed by the Association; and (4) a general statement setting forth the procedures used by the Association in the calculation and establishment of reserves to defray the costs of repair, replacements or additions to the improvements provided, maintained or installed by the Association. (b) In addition to any amounts due or any other relief or remedy obtained against an Owner who is delinquent in the payment of any dues or assessments, each Owner agrees to pay such additional costs, fees, charges and expenditures ( "Additional Charges ") as the Association may incur or levy in the process of collecting each Owner's monies due and delinquent. All Additional