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I r 83- 002537 s.ction4. Increases in lnter illl }Isst!ssments. rntet:illl ASSl!Sslllents in the amounts shown in Section 3 of Article V shall not be illC're.sed lIDre than five percent (5t) during the first year after t'he fiUngofthe ....ter Deed, and dur ing each succeeding year thereafter, interiM assesSlllf!ntsmay riot b@. increased II\()re than ten percent (lOt) above the level of. the illllledia~ely prQCl!!dill9 year. \ Se!:Uon 5. Special Assessments. Special asseslllftents IIIlIY be assessed arid levied against elleh suite or. gar~. in addition to the annual or interim assessments provided for above, doting any a....s..nt year for the purpose of defraying, in whole or in part, the co.t of any oonstruction, reconstruction, i~rovement, repair or replaee~t of a capital i~rov...nt of the comllDn elements, inclUding fixtures and personal property, .ubject to the owner approval provisions of the Master Deed and these By-Laws. Where no provision is applicable, the discretion of the Board of Ad.inistrator. .hall control. Spec:ial assessments ..hall be due ancfpayable thirty (30) days after the assess- Ment 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 .o_~ A"Se!!5_"'!.n~ The MminlRtrator" of th,. AS!loclation may arrame to have all aSBess_nts in Section 4 or S"ct ion 5 of Art ic 1", V paid to an ,,"crow fund to be held and IlIllInaged by a bank or savinQ!l and loan as,~iation. Section 7. PN!l,o..n_al_Ms"~!l..~.n_~AahJ..1.J.!l..:. Each suite or garage owner or, if more than one. owners. jointly and severally. shall be personally liable for the payment of assess~nts under the preceding Sections. Upon the expiration of thirty (30) days from the due date of an assessment, if said assessment remains unpaid. the I\ssociation may bring suit against the owner or owners of said suite or garage for rpcovery of the sallie. If the assessment is a monthly installment of an annual aS8esSlllent, the default in PlYMent of one installment when due, may. at the option of the AssociatIon, eau.e the remainder of the installments due for that annual period to become iMMediately due and payable. The defaulting suite or garage owner shall be liable for the unpaid assessment or assessments, interest th.reon frolll the d\.l@ date to the date paid at the highest leqal rate, and attorn.y fee. and expense. incurred In the collection of the same. No proceedinq to collect defaulted asses_t. pu~.uant to this Section shall constitute a waiver of the lien of the Association "all\11t said defaulting owner's suite or garage nor a waiver of the right of the A,aociation to foreclose thereon. The grantee of a suite or garage shall be jointly and severally liable with the, grantor for all unpaid assessments against the latter up to the Hille of the grantol," conveYanee, without prejudice to the grantee's right to recover froll the grantor th<<aIIIOunts paid by the grantee therefor: provided, however, that upon payment of .t~a~ble fee and upon written request, any such prospective grantee shall be ...ti~le4 tq.a statetllent frOlll the Board of Administrators, or the Manager, in the f~~ set forth in Section 9 of Article V, which shall be conclusive upon the ~'to\:;i.tiQ!l in favor of all persons relying thereon in gooth faith. Unless sueh r~u..~ for a stat~nt of indebtedness shall be compled with within fifteen (l~ldaYJI (}f !loch request, then such grantee shall not be liable for, nor shall the ~n:iUlR suite or garage conveyec!be subject to a lien for any unpaid auus1IIenU .ruiNJpriol', to the date of such request. ., ~rovbi~ Sl!.t fonh in this Section shall not apply to the initial salu ~..IW~ell of the condominium suitee or ",arag!!'s made by the Developer, and .~...l.a tlballbe free frolll aU asses_nte to the date of conveyance. ~9~