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202402567
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Last modified
6/10/2024 10:04:40 AM
Creation date
6/10/2024 10:04:34 AM
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DEEDS
Inst Number
202402567
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202402567 <br />2. Each Owner of any Lot shall pay to the Association maintenance assessments and <br />special assessments or charges for the purposes set forth in this Article. <br />3. All regular assessments, special assessments or charges together with interest, costs <br />and reasonable attorney's fees shall be and constitute, from the date levied until <br />paid, a lien upon such Lot against which such assessment is made, without any <br />requirement of recording further notice of such lien and shall be the personal <br />obligation of an Owner of a Lot. <br />4. All assessments shall be determined at a uniform rate for each Lot regardless of <br />whether multi family or single family or square footage (except if two lots are <br />combined into one lot the larger Lot Owner shall pay assessments for two Lots). <br />5. The Developer initially and thereafter the Association shall fix the amount of any <br />annual assessments and determine special assessments and charges as needed. <br />Annual Assessments shall be paid on a monthly basis and may be adjusted as <br />needed in Developer's discretion. <br />6. The Association may bring an action at law against any Owner of any Lot contained <br />within the Properties in the same manner as provided by law for foreclosure of <br />mortgages. <br />7. The lien for assessments provided hereinabove shall be subordinate to the lien of <br />any first mortgage and any first mortgagee may rely on this provision without <br />execution of any further subordination agreement by the Association. <br />8. No vacant Lot shall be subject to an assessment hereunder until a residence is <br />constructed thereon and an occupancy permit has been issued. Owners of vacant <br />Lots shall maintain their Lot, as applicable, in compliance with the terms of this <br />Declaration. <br />9 <br />
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