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202400233
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Last modified
1/17/2024 11:58:16 AM
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1/17/2024 11:58:16 AM
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DEEDS
Inst Number
202400233
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202400233 <br />ARTICLE II <br />MEMBERSHIP AND VOTING RIGHTS <br />Section L Every Owner of a Lot within the Properties shall be a member of the Association. <br />Membership shall be appurtenant to and may not be separated from ownership of any Lot which is subject <br />to assessment. <br />Section 2. The Association will have one class of voting membership and each owner shall <br />be entitled to one vote for each lot owned. When more than one person holds an interest in any Lot, all <br />such persons shall be members. The vote for such Lot shall be exercised as they among themselves <br />determine, but in no event shall more than one vote be cast with respect to any lot. <br />ARTICLE III <br />COVENANT FOR MAINTENANCE ASSESSMENTS <br />Section I. Creation of the Lien and Personal Obligation of Assessment. The Declarant for <br />each Lot owned within the Properties hereby covenants, and each Owner of any Lot by acceptance of a <br />deed therefore, whether or not it shall be so expressed in such deed, is deemed to covenant and agree to <br />pay to the Association: (1) Regular annual maintenance assessment or charges for the purposes hereinafter <br />set forth in Section 2 hereof, and (2) Assessment for capital improvements, such assessments to be <br />established and collected as hereinafter provided. Such regular and special assessments, together with <br />interest, costs, and reasonable attorney's fees, shall be and constitute, from the date levied until <br />paid, a continuing charge against the lien upon such Lot or property against which each such assessment <br />is made, without any requirement of recording further notice of such lien. Each such assessment, together <br />with interest, costs, and reasonable attorney's fees, shall also be the personal obligation of each person <br />who was an Owner of such Lot at the time when the assessment fell due. The personal obligation for <br />delinquent assessments shall not pass to successor Owners unless expressly assumed by them. <br />Section 2. Purpose of Assessments. The assessments levied by the Association shall be <br />used exclusively without any part of the net earnings inuring to the private benefit of its members, to <br />provide for snow removal on the driveways, parking spaces located on private property and public and <br />private sidewalks located upon Lots 14 through 23, inclusive, of LaRue's Subdivision; to provide for care <br />for the lawns upon said lots to include fertilizer and weed control and landscaping as the owners may <br />agree by majority vote; and garbage removal once per week. <br />Section 3. Annual Assessment. The Board of Directors of the Association may fix the <br />Annual Assessment in such amounts as may be necessary to provide for the snow removal, lawn <br />maintenance activities and garbage removal described in Section 2. <br />Section 4. Notice and Quorum for Any Action Authorized Under Section 3. Written <br />notice of any meeting called for the purpose of taking any action authorized under Section 3 shall be <br />sent to all members not less than fourteen (14) days nor more than thirty (30) days in advance of the <br />meeting. At the first such meeting called, the presence of members or proxies entitled to cast fifty <br />percent (50%) of all the votes shall constitute a quorum. <br />Section 5. Uniform Rate of Assessment. Both annual and special assessments <br />must be fixed at a uniform rate for all lots and may be collected on a monthly basis. <br />Section 6. Date of Commencement of Assessment Due Dates. The annual assessments <br />provided for herein shall commence as to all Lots on the first day of the month following the <br />recording of this Declaration. The first regular assessment shall be adjusted according to the number <br />of months remaining in the calendar year. The Board of Directors shall fix the amount of the <br />assessment against each Lot, at least thirty (30) days in advance of each annual assessment. Written <br />notice of the assessment shall be sent to every Owner subject thereto. The due date shall be <br />established by the Board of Directors. The Association shall, upon demand, and for a reasonable <br />2 <br />
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