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8'4 'I ~ 004571 r $1,000.00 without approval by three-fourths (3/4) of each class of members voting in person or by proxy at a meeting duly called for this purpose. Section 4. S In addition to the annua Association may levy, in any assessment year,a special asSess~ ment applicable to that year only for the purpose of defraying, in whole or in part, the cost of any construction, reconstruc.;.:~ tion, repair or replacement of capital improvemencsupon the Common Area, including fixtures and personal property related thereto, provided that any such assessment shall have the.assent of three-fourths (3/4) of the vote of each class of.members who are voting in person or by proxy at a meeting duly called for this purpose, Section 5. Notice and Quorum for An Action Authorized Under Section 3. ritten notice 0 any meeting ca e . or t e purpose of taking any action authorized under Section 3 shall be sent to all members not less than thirty (30) nor more than sixty (60) days in advance of the meeting. At the first such meeting called, the presence of members or of proxies entitled to cast seventy-five percent (75%) of all the ates of each class af membership shall constitute a que 1m, _f the required quorum is not present, another meeting may Uc called subject to the same notice requirement and the required quorum at the subsequent meet.:. ing shall be one-half (1/2) of the required quorum at the preced- ing meeting. No such subsequent meeting shall be held more than sixty (60) days following the preceding meeting. Section 5, Uniform Rate of Assessment. Annual assessments must be fixed at a uniform rate for all lots and may be collected on a monthly basis, Section 6. Effect of non a'ment of Assessments; Remedies of the Association. Any assessments not pa~ wit ~n t irty davs arter the due date as billed bv the Board of Directors shall be~r interest from due date at the iate of twelve per cent (12%) per annum, If three or more monthly installments of assessment on any Lot shall be unpaid, then the iemaining installments of the assessment for such fiscal year, at the option of the Board of Directors, shall become at once due and payable, The Association may bring an action at law against the Owner personally obligated to pay the same or foreclose the lien against the property in the same manner as provided by law for foreclosure of mortgages, No owner may waive or otherwise escape liability for the assessments provided by non-use of the Common Area or abandonment of his Lot, Section 7, Release of Lien, the Lien to Mort a es and assessments prov~ e or herein -5- u L L -1 L_