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<br /> ,.t, , c�,i.,� eLall baceaeo duo aad papablo apoa ths lat of Imy end the la�oF aacII aoatII tbereafEgr dorinq ihe tiaeal Sroas• 14maa1 60s98II�dIIL6 � '. - ` .
<br /> . '�v., for eaaL tieaal year tEoc^•s••i�a11 be ieviad and e�a].1 Doemae duo aad papable�a the aeme aanaer. Aanna2 maeammenta to 6e �. ;. •. ..
<br /> �" ` lavied agaiaet aaeII nait ead tdo wmcz thezeoP nhs12 be c�pntcd acaoedinq te ecch oait•e ehnss af �ha tatal aaanal bndget !er .
<br /> - the !lacal year 6caed apoa tne pereontnqe of auch uaiL•n baaie value ne aet forth ia YaregrnpII 2V ot Lha�ended Daolaretioo. ,
<br /> 'l.� � Boatioa 3. IaLesim l�nnaaemeate. �
<br /> •�4`� ' ;'.�' IIatii the iiret lavy o! aanual aaeeeamenta aecozdiaq eo Seetton 1 ai Astic2e v� after the Developor ahnli reliaclaiaA aoatrol 4��:,'t,�., •
<br /> ' . o! tAa Aasacistioa, tLe lolloring iatesir� aaeesemertte shall De dne and ysyable oa the firet dap ox eaeL caZeadnr manths , '.4 `;.
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<br /> , " �,.:.--�^� Qnit bt�bez Znteria�a�nt _ • , ., .
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<br /> '- -- - i ST5 = �
<br />- � ',.. f. � 3 $'►5 ' � -s',
<br /> • �; 4 S75 '�4'<
<br /> t . - � _
<br /> . � 7�e ti=nt iatesim anaeeaneat ehali accrne, as to a pnrehaeez o! a unit !:� Developaz cSca tba �iret day a! the asat , , -,- �_ --
<br /> . aaleadss mcatA iollorlag tIIe Qate ot closinq. I�aslm aeeesemeate shell becane dsse and payeble npoa Lta Pirst day o1 eaah -
<br /> � caleadas maaib. TG- ..
<br /> � " - <•' „_..
<br /> .` �� o ,. , .. . Soction s_ Inaseaae ia Yaierim Aonennme�a. '` �-�---
<br /> .``. t.....�... �:• , . -.
<br /> ' Iaterim asaeoemeata ia the amonnta ehaam in eectien 3 0!Article a slieil aot La ed aozo thea tiva yerceat (5�)duriag _-
<br /> • the iiset yeas aftez tha lilinq af tLe Amoaded Declaratien�sad dnrin4 eaah saeceedin9 year ttt�eafter, intestm meas�a^+�maq . - --
<br /> , . . .. - oat be increased more t8aa tea gezee� (10l) abave tLa level af the i�edistal9 P���9 Ye�• ---
<br /> . .. . _ Section 5. 9oeaial Assesmneate. .
<br /> , '' .. .` Spacial assessmenta may be aseeseed and levied agatast each anit 1n additlon to tha annaal or iatarlm easeasmeats pzovided
<br /> Por abovo• dosiag auy aaaessxeat pear !or the porgoae o! deErapiuq. ia oahole oz ia part. tha coat of aay coaatrnatioa, �� ..
<br /> � cecansLracLfoa, impravemeat•zepais or r�piacmcoat ot a eaBital impzavemaat of tLa co�na element iaalading Yiztaseo aad anal ;
<br /> . pmPezt9• snbject to the aomor appzova� pmvisioas of tIIo Ameaded Deelarattoa aad theae IIp-lavs. Hheze no ioa is ,�`, o_
<br /> � applicatrle� the diaeretion o!tha Baard oP�iniatratore eball coaLrol. '
<br /> �_..4 '
<br /> - ::= `. - •, .r� Speotal aaaee�eate etrall be Eae and payaLle thircp(30�days efter the.asaesammt in ievied ngaiaat tha ovnara and aot3oa .: -- -°`
<br /> °- - - thereot 6ae bean qivea. and specisl nases�eata nat gnid mithia LbistY t30) days thsseattat ehall be txeated aceordiaq to tLe .�'� ; - ,-
<br /> , . , interest and ifea provieiona hezaaPter. � � ,"
<br /> ., •.i. ;.�-�-�_�..
<br /> ' • SQetion 6. Hsarex oY Aeecaeaente. - •--=-
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<br /> The Admiaistsatoza oi tbo Aesoaiatlon may ersanqe to hsve all aases�eats!a Seatioa 6 oz Seatiaa 5 04 6rtlale V paid to �'��': '•
<br />_, _ _. aa eaasew fond to be Leld nnd ee�nagad by a bank ar eaviaga aad loao aeaociation. �+-::'':.:;,� ----
<br /> �. � � ,. � Seatioa 7. nereonsl 7lasoeament Liabilit4� , -.1
<br /> . . " •.. Sach uait amer oz, iY mora Lhnn eao, awers. joiatly and severally. shail be peseonally lieble for tho paymeat o4 �
<br /> ' ,' aeaeaemoate nudar tAe preeadinq seationa. Opon t6e espiration o! thisty (30) daya Fs�Lha dae data o! an aaaesemeat� i! eaid �,... .'_;`_
<br /> - ' 'U ' aseaeemeat roaiaa aayai0. tbe AesoaiaLioa may briaq snit agaiaet tha wner or ownere o! said nait !or seeevesy oi the eame. ,�s,-�.,._.
<br /> � ii the assesamant ie a moaCAlq iastallmoai o2 aa asuiaal aeaeaameat, the deianit 1A papmeut ut one inetallmeat rlten due� map, at �,
<br /> ' tha optloa o!the Aesoatation,canse tAo s�^�^•a�az oE tho iastallmeats das 4or thas emmal periad to bec�a immedlately due aad ___ _
<br /> . �� papable. The deYaultiag nalt oaones shall be liable£or Lha aagaid aeeesemoat or asoeaeceaLe, iatereat thoreoa tsom the dae dnte
<br /> ' � '. ` � ' io tha Qate pai8 at the higheat legal rate, ead attozaeq leee aad espeasea iaerured in the collectioa o!eha eame. tto proceedia4 - �. °r.:'.--=_.
<br /> ' � • ` �f to colleat detaulted aaseeamaMo gnzsnant to tbis Seation ahall coaetitato a oraivos o!tha lioa of the lleaoaintian aqaiase eaid
<br /> _ , detsaitiag oarnar•a aait aos o vaivar oi the rigDt ot the lleaociniioa to iorealaae ther�non. :+-�i'�'�
<br /> �.. The graatea ot a aait elull bo joiotly aad aaverallp liable vitL the qraator foz all anpaSd aaaaaame�e nqainet tho lettos '.:�: " _-_
<br /> ' . np to the tia�e o!tha qrantoz eoaveyance, caithoni pro�ndlee to the qsantee•s slqht to raeover!r�the gsantor!he amaunte pnid ` . °�
<br /> '• � •� • hy Cke grantee tharefosr praoidod� haravur,that apoa peyaont oE u reaeonablo feo aad apoa mrittea reqaeet� eay eaah prosgaatioe - � ,_�._�.
<br /> ;y. � graatee eLall be eatitled to e statemeat fran the 8aasd o!s�++�;atratore, or tLe Managez• ia th'e losm sei torGS la Sectian 9 ^�F-e•- _,_
<br /> oi Artialo o,orhiab ehall bo eoaalnaino cpoa the Asaoaiatioa ia Pavar o4 all pozsons rnlying thereoa ia goad Yaitb. IIaleno nnolf �u%•--
<br /> � , reqneat!or e etatemettt ot indebtedaann uholl Iee cmylied vitL otithia Yittean (15) dapa oi auch seqaent, thea oneb gramee ehell „_,�� _--
<br /> aot ba liable Yer, aor aAali tho coadamiai�oait coaveqed 6e assbjeat!o a liea tor aay napatd aaaoaemente acasolag psios to tho . ':;��
<br /> � r ', date ot euoh reqaeet. • `' �' � �
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<br /> • • Tbe grovisioaa sot lorth ia this 8aatioa uhell nat apply to tha initial nalee aad omtveyaaeae o!the eoad�ini�artito mado �'�•' •�.
<br /> • • . by the Davelopes, nad suoh salos ehell be lsee lram all aseeasmsssts to tho date oF eaaveyance. "�+- :: �-
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<br />. � , '..- .�.'` seation 8. Aasaaamoat bien. ' - _.
<br />� , • . S!aaq nait ornor eAali lail or selune to maka nny paymeat oE an aaseaamont ahea dne, tho emoaat theseo! ehell eoaatitaLo ' _. _ - ��
<br /> ' � a lion on the intenet e!the anit omer ia hia onit and t4e AQmini�traLOSn may zecor0 oaob liea ia tLe Ot41ea ot the Ragietar .. . ��
<br /> -- of Daede oY Hali County, 8ebsukn� whereupon, asid liea shell tre privileqed avar and prier to all lieae ead eacombraneea exeept _ � _ v-_
<br /> �� � ' asaeaemeate, liene and eAasgea !os tn:oa peet due and naDaid on the unit and escopt psior duly saeorde� mostgaqe aad lien - "
<br /> iaatrumoatn. Aaneeamente deliaquent mose than thirty(30)deys attor t�e dno data ahall boar iatezent et the hlgheot leqel rate =-_•:3
<br /> � • `" lsam the dua data uatli paid. The Qeliaquenry o!ona inatallmeat o!an anmul aaeeusiment eha12 caaae all remaiaing iaetallmeate, � �-»•:
<br /> men
<br /> • • • ,. . aL tho ogtion o4 tho Aeeaaiatioa, io immediaLaly Lecame due and papable. The Bossd o! Jliiaiatratore ehall have tAe riqht and '"�1�:--
<br /> • . � duty to attempt to zeeaoer euoh e�oa oharges,toqether vith iaterast Lhereoa, aad the a�penoea o! the preeaeding, inolnding . . _ , ,_
<br /> attoraey leee, ia aa action Lo zecwer tho aama brouqht aqaiast auoh unit amnor� or Dy tereeloanzo ot the lien on anob aniL . • �.
<br /> ' ' . " gsanted by Seation �6-870 0!the Condamininm Aat. in any aation hrought by tIle eoasd o!II�iaiotsetore to iosaoloae u lien an ^`���
<br /> •' • a unit beaaueo o!an�aid aeae�emoAte, Lhe nnit asner eAall be sequized to pay a reaeoaablo rental !as the nse ot Aie unit, aad
<br /> - tho plaintl!! i�auah to:ealosure aatioa oLall be eatiticd to the appointmeat o! a seeaioer to collect tho oame. Tha eoard o! . , ,
<br /> � ' Admialntrntore, eatSa9 on behnl! o! ail unit amers, ehall have pwez to purehaao auab nait nt the lorealoaure eale, end Lo .
<br /> � •- acquize, hold, leaae, mortgago, voto tho votea apgartenant, to comey oz oihosviao deal wilh tde eame. A aoit to recoves e ,
<br /> � mnaoy �ssQgmeat !or uapaid aeaeeamente ahall be maintainable vithout lozooloaing or vaivlag the lien oecusiag the eame. .
<br /> ' • . � Seotion 9. Statement a! onnaid Aseesamente. . •
<br /> . } � . -. IIyon tho aozitten zoqueet o! eny ownos, pzonpeativo puzchanos or o! any mortqaqeo oi o condeminium aait, the 8oasd o! ' .
<br /> Admiaiatratore or the maaaginq agent,ahall leauo a aaritten etatement eetting torth[he amouat o!tho unyaid aeeeeemenio� 1!eny,
<br /> � � vatb zoapeat to the aubject unit, the amount o!tho ourrent perladia aeeesoment and tho dalo thaL auah aaeeeemoat bocame due, � �
<br /> ' • aay per.�itiee 8ua, aad ereAit for a8vance paymente oz!or�repaid iteae,vhich ntatemeat ahall ba eonolueive uyon the Aseaeiation
<br /> � in lavor o! all peseona vAo rely ihereoa in gead laith. •
<br /> ' � " � , Soct�on 30. Fanvaiver. ; : .. '
<br /> z-' .
<br /> " ' Tho omlesion or lailuro to Limaly lia�eny asaenement0 or deliver oc mail a atateaonL Sor any period ohall aot be deemad a � � �
<br /> ' _ • aaiver. modiileation or a raleaee o!the amere lracitheir obliqaLion to pay ihe eamo. ' �
<br /> � ' - AATSCLB VI. INSITft11RC2 . .._ ..
<br /> ''' ' ' � . Seaiian 1. Covarea0. - .
<br /> •�� The Boazd o!Adminietratora ehall obtein end nainiain. to the exieni o�,Lainable, tho Yollo'aiag inonraaco� Pize inaurnnee .
<br /> with oxtanded eworege� vandaliam and malioio�n mieohie! endoreacente, ineuring the ontiro eondominium buildiAg (but aot � � '
<br /> � • � inoludiaq lurnftnre,decorutionn, orneaonta, lucoiohinga or other pereonal proyerty oomed by the ia9lvidual unit oomeze) toqeiIler . • .
<br /> " � . aith ali aonrico eguipmoaL contnined therein ia an a�aunt equai to tho lull reylacamant valuu,vithout dsduetton or dopsocietion, r�
<br /> and vrhich nhall eontain e utandard noncontsibutozy mortqage clauee in favor of eech aortqnqee o! a con8aminimm�ait aohich nhall � .
<br /> . : � psovido that tho loaa, i!aay, horeunder ehall be gayable to aurh eortqegeo an ite itftorent mny eppoar, eub�ect, hooraves, to the .
<br /> . . loae peyment pravinione �n favor oE tho Board of Administratora horoinatter eet lorth in Seation 1 0!Articlo 7t=publia linbility
<br /> � - inaurenco in euch lioite sa the Soaid of a�inistrators aay tram tice to timo dotormino, cwosiaq tl�e lleaociatloa, eacb mca.bez , .. . .
<br /> �} � � . - o! tAo Board� tAo manaqing nqont, aqonte and omployoes o! Lhe Annacieiion und oach unit amos� and nuch adCitionel covezeqn ae
<br /> " ' thv Boazd/ldminietraLOre aay lroa tiae to tiae determino ie appropziato. Such public liobility ewerago nhall nleo cwar arona . - • -
<br /> :.1l, � liaDility alaimn o! one insured eqainnt the otAor. • .
<br /> . : 1 Cortiifcatea o! all policiea of p�yeicai daaago ineurence end oP ell ronevalo thoseof, taqothor witD prooL of paymont o! .
<br /> � premium, ohall be delivered to ell mortgageee o! unitn at leant ton(30� dayo pzioz to eapiration o! tho thea aurrent policiee. .
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