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201006489
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Last modified
1/11/2011 2:05:20 PM
Creation date
9/9/2010 4:49:17 PM
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DEEDS
Inst Number
201006489
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2fl~~fl~~8~ <br />Owner may cause such improvement to be removed and assess the actual cost of such removal, <br />together with a ten percent (10%) administrative fee, against the Owner, and such obligation <br />shall bear interest at the rate of fourteen (14%) per annum and shall be a lien upon the lot <br />assessed by the filing of notice thereof in the Office of the Hall County Register of Deeds. <br />3. If any Owner fails or refuses to comply with any of the Restrictive Covenants, <br />Restrictions and Conditions contained herein, the Association may, in addition to the remedies <br />provided herein, utilize any and all legal and equitable remedies available to it to enforce said <br />Restrictive Covenants, Restrictions and Conditions. <br />~. In addition to the services provided herein, the Association shall provide such <br />other services to the Owners as determined from time to time by the Owners of a majority of the <br />Lots, and to the extent required by the Association, its agents, and employees shall have a license <br />to enter upon each Owner's Lot as may be reasonably necessary in order to perform these <br />services. <br />5. The Association is specifically authorized hereunder to contract with any third <br />party to perform the services of the Association hereunder. <br />6. In the event that there is any maintenance or repair to the Property done by <br />Association resulting from the willful or negligent act of any Owner, his or her family, guest or <br />invitees, the cost of such maintenance or repair shall be promptly paid by such Owner. <br />7. Monthly, quarterly or annual dues and special assessments may be levied by the <br />Board of Directors of the Association for services provided by the Association. Dues and <br />assessments shall be uniform as to each Lot within the Property. <br />8. Owners shall pay such dues and special assessments to the Association upon <br />receipt of billings therefore. Each Owner's dues shall be determined on an annual basis payable <br />monthly, quarterly or annually as the Association's Board of Directors may determine. The <br />amount of dues payable shall be based upon an estimate of the Association's cost for <br />administration and maintenance and each Owner shall pay the dues so established in advance <br />upon receipt of written notice of the amount thereof from the Association. Special assessments <br />may be levied for any of the Association's operating costs that are not covered by dues. At the <br />end of each fiscal year, a statement of the total year's Association operating costs shall be <br />presented to Owners and the Owners shall pay any excess charge to the Association within thirty <br />(30) days of receipt of a statement for that Owner's allocated share of excess charges. <br />9. All such dues and assessments shall further be subject to the following provisions: <br />(a) The Association at its annual meeting of Owners shall prepare, <br />approve and make available to each Owner a budget containing: (1) estimated <br />revenue and expenses on an accrual basis; (2) the amount of any cash reserves of <br />the Association currently available for services the Association provides and for <br />contingencies; (3) an itemized estimate of the remaining life of, and the methods <br />of funding to defray repair, replacement or additions to the improvements <br />provided, maintained or installed by the Association; and (4) a general statement <br />setting forth the procedures used by the Association in the calculation and <br />establishment of reserves to defray the costs of repair, replacements or additions <br />to the improvements provided, maintained or installed by the Association. <br />(b) In addition to any amounts due or any other relief or remedy <br />obtained against an Owner who is delinquent in the payment of any dues or <br />assessments, each Owner agrees to pay such additional costs, fees, charges and <br />
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