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201702574
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201702574
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Last modified
7/3/2017 5:40:35 PM
Creation date
4/21/2017 3:46:00 PM
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DEEDS
Inst Number
201702574
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(i) <br />14 <br />201702574 <br />property and of any appurtenances located thereon, including any central water and/or sewage <br />disposal system for the benefit of the Lots and including fixtures and personal property related <br />thereto. <br />(a) Prior to being levied, any special assessment for the purpose of paying the cost of <br />any capital improvement shall be discussed at a regular or special meeting with <br />appropriate notice thereof sent to each Member of the Association in accordance <br />with the Association's Bylaws and shall be approved by the Members by the <br />affirmative vote of at least two - thirds (2/3) of the votes represented and entitled to <br />be cast at the meeting, whether in person or by proxy. <br />(b) Special assessments may be uniform in amount as to all Lots or may be assessed <br />against those Lots receiving the benefit of the capital improvement. Special <br />assessments may be payable monthly, quarterly or annually as the Association's <br />Board of Directors may determine. The Association shall send a billing of any <br />special assessment once levied to each of the Members setting forth the amount <br />and due date(s) thereof. Members shall pay the amount of the special assessment <br />to the Association on or before the due dates(s) set forth in the billing. <br />4. DELINQUENT ASSESSMENTS. Any assessment not paid within thirty (30) <br />days after the date due shall be delinquent and said assessment shall bear interest from the due <br />date at the rate of Fourteen (14 %) percent per annum and shall be a lien upon the lot assessed by <br />the filing of notice thereof in the Office of the Hall County Register of Deeds. Any assessment <br />payable in installments shall be paid within thirty (30) days after the installment due date. Any <br />assessment payable in installments not paid within thirty (30) days after the installment due date <br />shall cause an acceleration of the full amount of the assessment and said assessment shall be due <br />and payable in full and said assessment shall bear interest from said installment due date at the <br />rate of Fourteen (14 %) percent per annum. The Association may bring any action at law against <br />the Owner personally obligated to pay the same or foreclose the lien against the lot assessed. No <br />Owner may waive or escape liability for the assessment provided herein by non -use or <br />abandonment of Owner's lot or conveyance of lot or by renunciation of Membership in the <br />Association. <br />5. ASSESSMENTS; ADDITIONAL PROVISIONS. All such dues and assessments <br />shall further be subject to the following provisions: <br />(a) In addition to any amounts due or any other relief or remedy obtained against an <br />Owner who is delinquent in the payment of any dues or assessments, each Owner <br />agrees to pay such additional costs, fees, charges and expenditures ( ".Additional <br />Charges ") as the Association may incur or levy in the process of collecting each <br />Owner's monies due and delinquent. All Additional Charges shall be included in <br />any judgment in any action brought to enforce collection of delinquent dues or <br />assessments. Additional Charges shall include, but not be limited to, the <br />following: <br />Reasonable attorney's fees and costs incurred in the event an <br />attorney is employed to collect any dues, assessment or sum due, <br />whether by suit or otherwise; <br />(ii) A late charge in an amount to be fixed by the Association to <br />compensate the Association for additional collection costs incurred <br />in the event any dues, assessment or other sum is not paid when <br />due or within any "grace" period. The late charge shall not exceed <br />
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