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<br /> ts+�asaacar oi � nnnprolit corporatiart osgsnis�d und�r th� lat� o! �
<br /> t.t�s Stats ot Na�c'arlt�a. . . . - � �
<br /> ---- - --� ... �?+,�+,+�a. onmansat3on� Co�pensati.on.ot o!liaess ahall 1�i � ---- - ----- -
<br /> e . _ liYed Dy t1r Hoas�d o! to�as and shall l�s r�ssonabl� _
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<br /> =P,_ , ooa�pansaticp considsring ;. ths, duti�s._, ot. t.�ra o!! r.s., u►Y
<br /> � ad�inistrator Yho is alao an otlicfr abaYi nat hsvs a vots in ttM = =-
<br /> =' -� - aatti.oq, o! co�pwsation !or the affica or o!lices bsld bY. �sald —
<br /> 7ldain�etxator. � .
<br /> -- �ti *_ 9. am�aw�enta_ Contraat. �t� 1l11 agraesents,
<br /> =- a1�sc][s� Contract8 atld othei 3AStso�ants �s7.1� De signstl by� tro
<br />= o�lfc�rs o! tbe !lssoaiation or bp su�h ot�r psrewn ar p�ssons as
<br />�_ �ay bs Assfqnat�sd by thef Boar� of �fnfstratorR.
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<br /> -,� . A8'1`ICLE`�C. H[1DGBT 7WD'��S.S _
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<br /> , Sl�Li'1'S
<br />`,t�i, i ��+� :�-' Ssction i. �tT,� `��oard,o��`_7l�inidtrator� stu�ll .,..-; . `
<br /> , �
<br /> �.:, �� .
<br /> +�s: ■ r�� :� �:��-:a budc�t_fOt e�bt�:f�, yea�ta;Z�innin9 oi! t�ag_lst il�lid en��,+o� f ' --
<br /> � . -:,, -�_.-tbe =rsxt 1lpr i�;3�f3�q �i c b s h�l l i.n a l u�e �ri b es t i�a t e- o f t t m i�t
<br /> �s = _ ..�� �n
<br /> `.,. lfscal and to
<br />�;���=r - ;�::�<<.� � �;;, r�qu,ir+scl to defi�►1�:�� � in tLe caainq Year a _
<br /> `, '`� ' :;psovide tur�ds;�,-�arr,'-;cs�sent;::�;$xpenses, ' r�sesves !or dsle�red '
<br /> F � _ �'x saintanance, .ri�ives !os sr��e�ents, artd:�iserves to prov'i,d� a • - -
<br /> � � �rorkinq t�md ar���:o°aeet aAt3�� la�.."�ai�:��b s�s as t�e8�e�i , ��
<br /> t`���- � _ . to a�kd up aay_cT�tic##,in tbe''��[sa:-�sessaents for .g�ar . . ��, --
<br /> �r�e � `'`'�' ���. Ot Q3C21 �A �
<br /> � r Years. TbA blidqBt shall l�:. ,#�,•" Yea�'���� y"
<br /> ;�� �. Yadvance 4t the: g h ,� �'�a:�`� �ies tlte b t an�.,'�e • .
<br /> ;,,�.���`� , cosin lisaal ��ia���;.; .:� �98 ,,,, ..� �
<br /> �;,Yt�� �; _ '�� =�� aAnual assessaerats tor each e+t��_slut�'�•�e sen�°to sach suite a�s .
<br /> '`�' on or beiore 'tJ� ltay lst begiAnSinq of t.&e liscal yssr tor tdlic� tl�ke`` �'�
<br /> ef� . . ;
<br />�A�'�r'�'� r� � • � ----
<br />- ,,.1�.: --�-=£'- - ��.: ,; . buck3et is sacte. . : ... -
<br /> ;��-:N: �fi:c}s''•'� - :,.;�.'.:"� . . . "�-;;;' ��; ; _�-- —.
<br />';Y�''7� :43�iTC.'� 'Y.• . -����•'.�:� -- .; . k. . `L.
<br /> "Y ,#�.:�-.L Bu�qets �ay be aaenda8 dnrinq a carrent fi�cal �':�� ��;�
<br /> s��:�`rS:��. � '�� YSaI' Y��4;•,':,� , ,;,• .. '',,f':��
<br /> � ;;�;r � . . nacessasy, but�'r.opies of t3ie �ded buvqet �id pro�osed fn , '�'i ` ,
<br /> ` �.�. . �or decrease fiin; assessaents s�,3 be sail�T,;��o each suite� : �f� .z
<br /> 7 � , 1.:. Faf��t —.
<br /> �� �- ----- prior to t.be eflectiv� date a��:�h ina�a�-� decreass. ,- � -���,�r .�
<br /> ,i`��i��r�_,- � ,�.:,,. . ���� ' .�}/N�E/--,= -- -
<br /> r�('/ - 3 fJ F — � � • � .- . : . ' :.,�' � ,' ( '�'1•.�jh�•(tr . �" .
<br /> . it� . - - ;on�. Annual �sseasaent�.- ..� ie�'st annual ttssA�it . .;:'�`F;.- +�
<br />- ,°'�'4°�. ``<. shall bs levied against each suite �ar 1�a3L�: �'. , ` - ;�`..,
<br /> •�; ��, and '�the thereof on go� ��'f"`�'�� . ,"�_.
<br /> ;��.�:;;
<br /> . , r�Y :� � 1992, os May 1 ' o! the ne�tt f.�c�l year afti� relinquish�eat;.�� , <ri��;��,:;': : ,,�
<br /> - �,'��� �"• ' . COAtI01 OZ' �tIB �SSOC�B�OA �'::OBV@lOpBT� '�ii�ChOV�I 8�12f11 18s5t t`` ,:: •�;�
<br /> �rf{�r' � `�- . ,
<br /> �,:.:. `. , ocaur. The annuai assessaent��lsball be divide� as evenly intv, 12 � � �;.`�c�.-
<br /> - � • sontbly psy�en� as poss3ble t�ith ttta tisst.pa�y�ent to inolw�e .t2ie , :. ;:�,�,:r
<br /> . -�V . �'`: � rea�i.pder after..division. Tte�e sonthlY PaY�evxts sball l�ecaa�dnie � �;: ~.,,:��' �
<br /> _,�.7a�� .� � ,;` a�� ♦ ���,f�� ;F.;,4, ��,-p.._-
<br />.. . t e f�' _ .,. �d ��1� . :. � �Q Zst ','�f• �y �d W!G '�i. 0� eaQh ��Lti+.ii � 3 .c���i��.
<br /> i��, �pa � t�� '� r•_�
<br /> •. ;. c 9 �
<br /> :.;�;: . tlureatter di�icfr�g the Pisca��=:��ar. l�nnual�,assassients lor� �h � ;;���.;::..Y� .,, �� '«'-
<br /> tiscsl ysar t�ereaftsr shall � levidd and 6ha11 becaas dt�:'�d . 't;`'�'.�t' �'�i,r��1 �.''
<br /> � �:���;. . � .
<br /> ��i'ty; �'-;-- , p�►yable in �te saae satuier. �nnu� . asses8aents to be 2et�3L� .: �. „ ;,+, `,` ,:r..,
<br /> ��*',{, � against eac2c suite and the�, owner. �ereaP sball be co�d `,,. - I.'. ��! � � '�':,�' �l�
<br /> ';';t}rg �" -. � accordinq �a� s�b euits�s shar.� �f the total�at�nual budqet far��a `��`,`� ���� .
<br /> !( � ry.� �; i•'..,
<br /> rf.�:;;� ,. .--. - � ti�ca]. ysa� �,ased upon the p�c�ntaqe of sucb suite•s tfasic.v�r�e , ;`{w';�'�::• : t�,
<br /> ��'ti;f: '.;�f1�3'c��,���
<br /> .;�,,;,,; �,` . as set torth ��n Paragrapb IV c�L.the �laster DeeB. • _ s�•
<br /> :, . ..:° r ;y.a{;.y���
<br /> �� r: `�;�«;;>
<br /> � � "' eecause insurance, repafa and �aintenance ana atiher �eat ' • �� �ti•}�r,;:�•
<br /> •�s�_';x::�.� ... , ,.. . , ,
<br /> ,:�,;;�; .. costs are chasqeable to the �oainiu� wbich.bet�ef its. fra�:�as, � �, , , ,
<br /> ^^�t� the suitesy,�in �iflerent condctscxc�iwis aay not have equal aa�o�atis ot
<br /> '.r. w.(``,��/ot a:s���nbif• � ., il�, .. _ . , '
<br /> -�- �i:� . . � `.
<br />��*�"`�' j��`��4i`M°,'��`�<;���'�`" �ection_�. tnteri� �ssessaentsd 6lntil lsay 1, g�'33, or until "t: .. �
<br /> >�,�t:;�,: ',�.,;:'' .
<br /> s�'� ,_'���;;�'�`'; ' `'� � the f 3rat Rev� of annual ns�pa��fi.�, accas�n,g to 5eation a o! ,�����':�<,
<br /> ' .+��>s;:;��:�� : . ;.. 1ls�ticle V�:�f�r the Oeveloper sha��2 re1i�£sh control of the .7?=�:�,:,`:
<br /> '���,, ,t ��.�,�� 't; : ;,,F.• ti�;�����se follawing interi.� �rae�ssapalts shaal be d� a�'�8
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<br /> .:,'' , `'����;��;�', ,�.,.'• �lssocia .,.,.� , �
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<br /> ���-�� •�;°���� ; ',`"h��' L�aYab�..4�;� first day of each ca�ar a�nth: -
<br /> ,�.:>'''� �����r Yi�` �'�r�� ' . .. 4
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<br /> .+, �X';���:�."`,• `�.��_;� �:;,�•:.�1'�:;r..l�: Ynte�i� Assess�ent _(�er_l�onthl I� � ,
<br /> ;o ��r..r , � �:�..:,:.`it�� $65.00 .�..
<br /> --- '_ .._.._ � � ..,.5, - $65.00 . _ _ .
<br /> �,.,: 6 $65.00. .
<br /> - 's�� ? $55.00 ' . , ,
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