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202406497 Owner by acceptance of a deed therefore, whether or not it shall be so expressed in any such deed or other conveyance shall be deemed to covenant and agree to pay to the Association all Assessments and fines, together with such interest thereon and costs (including court costs) of collection thereof as herein provided. Said Assessments, fines, interest and costs of collection, including reasonable attorneys' fees, shall be the personal obligation of the Person who was the Unit Owner at the time when the Assessments or fines became due. The personal obligation for any delinquent Assessments or fines shall not pass to its successors in title unless expressly assumed by them. No Unit Owner may become exempt from liability for payment of Assessments or fines by waiver of the use or enjoyment of the Common Elements or by abandonment of the Unit against which Assessments are made. Nothing in this Section shall be construed to, in any way, limit the Association's ability to enforce liens upon a Unit. 2) Purpose of Assessments. The Assessments levied by the Association through its Board of Directors shall be used exclusively: (i) to promote the health, safety and welfare of the condominium; (ii) to maintain, repair and upkeep the Common Elements and for any other maintenance obligations or common services which may be deemed necessary by the Association for the common benefit of the Unit Owners; (iii) to maintain property values; (iv) to pay expenses which may be incurred by virtue of an agreement with, or requirement of, any city, county or other local government authority; (v) to pay Common Element property taxes, utilities, snow removal, land scaping and street scaping; (vi) to provide adequate insurance of various types and in such amounts deemed necessary by the Board of Directors for the Common Elements; and (vii) provide a reserve fund for replacements of Common Elements or items thereon. 3) Annual Common Expense Assessments. The total annual Common Expense Assessments against all Units shall be based upon the Association's advance budget of the cash requirements needed by it to provide for the administration and performance of its duties during such Common Expenses Assessments year. Unless otherwise agreed by the Unit Owners, the amounts determined, levied and assessed pursuant hereto shall be assessed proportionately against each Unit, in accordance with Article 4, Paragraph 2, Table of Allocations. 4) Budget. The Board of Directors shall fix the amount of the annual Common Expense Assessments against each Unit at least annually. Adjustments to the budget may be made by the Board of Directors more frequently. 5) Special Assessments. In addition to the Common Expense Assessments authorized above, the Association may at any time, from time to time, determine, levy and assess Special Assessments for the purpose of defraying in whole or in part, payments for any construction reconstruction, repair, demolition, replacement or maintenance of the Common Elements or for Capital Improvements. Any such Special Assessments made by the Board of Directors must be Approved by all of the Members who are voting in person or by proxy at a meeting duly called for that purpose. Unless otherwise agreed 8