201004301 - Laserfiche WebLink

Metadata

Thumbnails

Annotations

201004301 Section 4. "Lot" shall mean and refer to any platted lot of land shown upon the recorded Subdivision map described as Lots 14 through 21, inclusive, of Larue's Subdivision as recorded in the Office of the Register of Deeds of Hall County, Nebraska. Section 5. "Declarant" shall mean and refer to the undersigned owners, their heirs, successors and assigns. ARTICLE II MEMBERSHIP AND VOTING RIGHTS Section 1. Every Owner of a Lot within the Properties shall be a member of the Association. Membership shall be appurtenant to and may not be separated from ownership of any Lot which is subject to assessment. Section 2. The Association will have one class of voting membership and each owner shall be entitled to one vote for each lot owned. When more than one person holds an interest in any Lot, all such persons shall be members. The vote far such Lot shall be exercised as they among themselves determine, but in no event shall more than one vote be cast with respect to any lot. ARTICLE III COVENANT FOR MAINTENANCE ASSESSMENTS Section 1. Creation of the Lien and Personal Obli ation of Assessment. The Declarant for each Lot owned within the Properties hereby covenants, and each Owner of any Lot by acceptance of a deed therefore, whether or not it shall be so expressed in such deed, is deemed to covenant and agree to pay to the Association: (1) Regular annual maintenance assessment or charges for the purposes hereinafter set forth in Section 2 hereof, and (2) Assessment for capital improvements, such assessments to be established and collected as hereinafter provided. Such regular and special assessments, together with interest, costs, and reasonable attorney's fees, shall be and constitute, from the date levied until paid, a continuing charge against the lien upon such Lot or property against which each such assessment is made, without any requirement of recording further notice of such lien. Each such assessment, together with interest, costs, and reasonable attorney's fees, shall also be the personal obligation of each person who was an Owner of such Lot at the time when the assessment fell due. The personal obligation for delinquent assessments shall not pass to successor Owners unless expressly assumed by them. Section 2. Furpose of Assessments. The assessments levied by the Association shall be used exclusively without any part of the net earnings inuring to the private benefit of its members, to provide for snow removal on the driveways, parking spaces located on private property and public and private sidewalks located upon Lots 14 through 21, inclusive of Larue's Subdivision; to provide for care for the lawns upon said lots to include fertilizer and weed control and landscaping as the owners may agree by majority vote. Section 3. Annual Assessment. The Board of Directors of the Association may fix the Annual Assessment in such amounts as may be necessary to provide for the snow removal and lawn maintenance activities described in Section 2. Section 4. Notice and uorum for An Action Authorized Under Section 3. Written notice of any meeting called for the purpose of taking any action authorized under Section 3 shall be sent to all members not less than fourteen (14) days nor more than thirty (30) days in advance of the meeting. At the first such meeting called, the presence of members or proxies entitled to cast fifty percent (50%) of all the votes shall constitute a quorum. Section 5. Uniform Rate of Assessment. Both annual and special assessments must be fixed at a uniform rate for all lots and maybe collected on a monthly basis.