HomeMy WebLinkAbout2883 r
otrners for their share of the ite:r,s of the bud~et shall b , ~
e r^ade ;
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for the caler.da.H year annua3ly ir. advance on or before ~ece~riber
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20th preceding the year for which tr.e assessr~ents are m.ade. Such
assess~ents sh~ll be due in tcti~elve equal insta22ner.ts, payable on !
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the first day of each rr.onth of the year for which the assessr,ents
are made. Tf ar. annual assessment is noL made as required, an ~
assessrnent shall be presutr.ed to have been made in the an,ount of
tr.e last prior assessment, and montnly installments on such assess-
ment sha~l be due upon each installment payment date until changed
b~ an amended assessmznt. In the event the annual «ssessment
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proves to be insufficient, the budget and assessments may be ~
a~znded at any time by tr.e Board of ~irectors. Unpaid assess-
ments for the remaining portion o~' tl:e cale~dar year for which
an ar,~ended assessment is made shall be payable in as ma;~y equal
install.;.ents as there are full months of the calendar year left
~ as of the ciate of such arr~nded assessr~ent, each such mont:~ly
installr~ent to be paid on the firs~ day of the m.onth, co~encir~
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; ~ the first day of the next ensuir~g month. Provided, notnir.g 'r:era-
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E in shall serve to prohibit or prevent the Board of 7irectors from
` ir~.posir.g a lump sum assessment in case of any imrr.ediate need or
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emergency.
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' 0.4 ;~cceleration of assessr.,ent installments upon ~e~ault. - ~
~f a condo.mir,ium uni.t owner shall be in default in the p~ym,ent
o; an install:r~ent upon an assessr~,ent, the 3oard of Directors ~
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` r:~ay accelerate the re;:~aining installments of ~he assessment upon
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r.otice to ~he condominium unit owner, and the then unpaid b~~r.ce .
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' of the assessr~ent shall be due upon the date stated in the no~ice,
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bu~ not Iess than five (5) days after delivery of tl:e no~ice ~o
~he cor,daminium unit ovrner, or not less than ten (IC) days after
the rr.ailing of such no~icE to him hy regis ~ered or cert~.fie3 r~~~.~,
w3~:ichever shall first occur.
6.5 ':he aepository of the Association shall be such bzr.k
or ban~ts as shall be designated from ti~rie to time by the directors
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b~OK1~p PACE28~
..%.'N GFFICES OF GOLDSTEfY. FRIINKLtN, CHON7M @ SCN.°AtiK, p. A., 2020 NDRTNEA57 163ao STREET, NOR'iH MIAMI BEAGH, FLORIDA 331~2
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