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~~ `~ -'~ t+%0586 Section13. Interim Assessments. Until~Apri1 1, 1984, or until the first levy of annual assessments according to Section 2 of Article v, after the Developer shall relinquish control of the Association, the following interim assessments shall be due and payable an the first day of each calendar month: Suite interim Assessment Number (Per Month) ~- $75.00 4 $75.00 The first interim assessment shall accrue, as to a purchaser of a suite from Developer upon the first day of the next calendar month following the date of closing. Interim assessments shall become due and payable upon the first day of each calendar month. Section 4. Increases in Interim Assessments. Interim assessments in the amounts shown in Section 3 of Article V shall not be increased more than five percent (52) during the first year after the filing of the Master Deed, and during each succeeding year thereafter, interim assessments may not be increased more than ten percent (10!) above the level of the immediately preceding year. Section 5. Special Assessments. Special assessments may be assessed and levied against each suite in addition to the annual or interim assessments provided for above, during any assessment year for the purt~os~ cf defraying, in whole or in part, the cost of any conatruct.ion, reconstruction, improvement, repair or re- placement of a capital improvement of the common element including Cixtures and personal property, subject to the owner approval provisions of the Master Deed and these ey- Laws. where no provision is applicable, the discretion of the Board of Administrators shall control. Special assessments shall be due and payable thirty (30) days after the assessment is levied against the owners and notice thereof has been given, and special assessments not paid within thirty (30) days thereafter shall be treated according to the interest and lien provisions hereafter. Section 6. Escrow of Assessments. The Administrators of the Association may arrange to have all assessments in Section 4 or Section 5 of Article V paid to an escrow fund to be held and managed by a bank or savings and loan association. Section 7. Personal Assessment Liability. Each suite owner or, if more than one, owners, jointly and severally, shall be persor_ally liable for the payment of assessments under the preceding Sections. Upon the expiration -10-