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<br /> F;vc t o C, ra f - -f 1 !ry 1 a ~.i 1? i i. v
<br /> i a 1J t F? U r Cj a r a^ e: o-4 n e c z hid 1, ,l E u a e° t U M t' a C1 ~r
<br /> N,'a merit of an assesc•merit when Gale a ~
<br /> the amount thereof sh~a: l constitute
<br /> a lii.n on tr;•. interest of the suite or garage owner in his suite or
<br /> arac-:O and t- - Adminlstrzator~, may record such lien in the JOffice of the
<br /> ;~~~n.i_aaC-r of liE~eci whc>reuPon, said lien shall he privileged over and
<br /> i.Jr:c:: to l lae;a C171d en L;mbrances excep assessrr,ents, liens and charges
<br /> for t 7~ past C1~' a l unpaid on the suite or garage and except prIO
<br /> drabs r,ac orded mor t -'-age and lien instruments. x:ssessments delinquent more
<br /> than thirty (30) days after the due date shall bear interest at the.
<br /> h.J.cihesti legal mats f ror;t the dues date until paid. The delinquency of one
<br /> in-stallment of an annual assessment shall cause all remaining install-
<br /> S^nnt`,=: an of t`ie Association, to r at 4no p,,-)''i~' sSOClal.l.+~n, wO imumF?dlatei.y beCO7Tle due and
<br /> a1.F ac.: :.oar,i of ;~d.ministrator r shall have the right and duty to
<br /> <i°_tF_'m , tt: r.ec:o•.'a-r uch corr.r:ora charges, together with inter:E t thereon,
<br /> and tar e:=:•:,,nns.~,s of the proceeding, including attorney floss, in an
<br /> t:o recover thr-' came br,nucht against such suite or garage owner,
<br /> or 1" of the lien cr, such suite or garage granted by Section
<br /> 76-C17 cf t: iF~ Cc.nd(,:mini.t.in, Act. In any action brought by the raoard of
<br /> +c71r.i.niatrat~r to for~.'ClQs(- cr lien on a suits or garage because of
<br /> assessment_;, the suite or garage owner hall, be required t<-) pay a
<br /> r-as-onEi}71" rental for the use of his suite or garage, and the plaintiff
<br /> in gush foreclosure action shall. be entitled to she appointment of a
<br /> recejver to collect t::.,ae~ same. The Hoard of AdMini ,t.rators, acting on
<br /> bc-gulf of all suite gar garage owners, shall have power to purchase such
<br /> suite or Garage at the foreclosure sale and to acquire, r
<br /> _quire, hold, lease,,
<br /> mar`'."ag , vote the vr:at(,s appurtenant to, cor,ve'y or otherwise deal, with
<br /> the samey. A suit to recover <ai money judgment for unpaid asse:ssm(>ntls
<br /> shall be maintainab.la- without foreclosing or waiving the lien seCUrinq
<br /> w
<br /> ,:}1 same.
<br /> SF-c`:ian 9. St Assessments.
<br /> t- a t F~ ~r ~ e nt 4 of Unpaid ~ Upon p,:a_.mE~nt of. a reasonable fee, not to exceed fifty f)oIl
<br /> (s`>G.OC) ar.~
<br /> <ind upon the written request of any owno?r, prospoct iv; pu-chaset,
<br /> or of gin,, rtcgagee o a condorinium, suite ,,)r garage, the Board of
<br /> Adminic;trators, or the Managing Agent, stall issue a written statement
<br /> setting forth the amount -,f the unpaid assessments, if
<br /> any, with respect
<br /> to the .:>ub.if,ect suite or garage, the amount of the current periodic :a tsc:;.r;-
<br /> 'lent and the data that such ,assessment; became due, any penalties
<br /> due,
<br /> ar)d credit for acivance payr,ient.; or for prepaid items, which c.tatemernt
<br /> - all, br: c:oncl.usive upon the Association in favor of all per ons who rely
<br /> t }'le r Faor, an gocid faith.
<br /> Section 1~0. Nnnwaiver.
<br /> The omission or failure to timely fix any assessments or deliver
<br /> c:.>r mail a ::;t.atement for any period shall not be c7eemed a waiver, modifi-
<br /> cation or a release of the owners from their obligation to pay the same.
<br /> ARTICLE VI. INSURANCE.
<br /> sect i.on 1. coveracle.
<br /> The Board of. Administrators shall obtain and maintain, to they
<br /> extent obtainable, the following insurance: fire insurance with extended
<br /> cave-rage, vandal _:s m and malicious mischief endorsements, insuring the
<br /> C.ntir r F.,U-,c:caminium improverrm+rnt:s and any oth(,, - prope: ty, whc
<br /> ~*ttyer or nc•t a
<br /> ( ac 1 t_c l i'1~; all of t;he ataitl „i fir 9c"Jril,( E 1..}f ttlrC?S }YF?rF'.11.
<br /> Initially inr,;tral..led by the Developer but. not .i,icl~jding furniture,.
<br /> ftzranirt},rn<1;; or other per:;onal property supplied by or, insta
<br /> 1.1 ed by
<br /> cawnc r ~.;1
<br /> jc- tt'er with '11.3 service equipment contained therein in an amount, equal
<br /> to the ftr11 replac-erne:nt value, without deduction for deprF~ciation, and
<br /> which s;'a~yl.l contain a standard non--contributory re:,r:tgage clause in favor
<br /> of each mortgagee, of a condominium :suite or gzara r: which shall provide
<br /> that the 1.05S, if any, hereunder shall be payable t:o such mortgagee as
<br /> its interest; may appear, subject, however, to the 'os s payment provisions"
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