HomeMy WebLinkAbout0376 Associaiion, the ~evclo~cr shall h~ obligated b~ay I/2 (G,~12) of tne aiinual assessm4nt in respcct
to thot unit, Under no circumstances shall the Developer ever be obliyated to ~y annual ossess-
ments For mem~ersl~ips c:xceeding I,000 in number, reduccd by the number of Class A Membe~ships
(other than those, if any, owned or I~eld by the Developer) prior to January I, (980, and subsequent
to Junuary I, 19E0, be required to pay any asssssment in respect of any unimpraved lat. Further-
more under no ci~cumstanccs shall the Developef ever be required subsequent to .;anuory I, 1984
to pay any annual assessments in respect to any membership c,r in respect of any fot or dwelling
unit except for those num~aer of Memberships deriving fromDwelling Units oYrned or held by the
Developer ~vhich are actually occupied and then only for tha period of such occupancy. This
Section 12 shall remain effective and operative until January I, 1989.
Section 13. T~ie Lien Securing the Payment of Assessmenls sl~all not Attach to
the P~operty of the Developer: Tl~e lien provided for in this Article shall not attach nor encumber
any lot or Dv+elling Unit o~vned by the Develop~r prior to Januory I, 1989, except that fihe lien
s4~all atta~l: to any Dvv~lling U~iit ov+ned by the [~ereloQer far which the Developcr is o6ligated
to pay on,ess~ssmznt ~nder t~e provisions of Sec:tion 12 to the extent of that ass?ssment. Upon
the ~eveloaer s~lling or conveying ony lot or Dtivelling Unit owned by the Developer to any other
p~rsons except a successor te the DeveloFer in reorgan'sza~ ion or a successor Developer specifically
denomina~ed as such by the Devclaper by an instrument in ~vriting and placed of r~cord, the lien
provided for in thi~ Article shall immedintely bzcome effective and atfiached to suc4~ lot or Dwellin~
I ~
~ Unit as the case may be to secure th~ pa/men~ of ossessments as provided for in this Article. _
~
f . ARTICLE V1
~
' ~ PARTY 11r'ALLS
Secti~n I. Generol P.ules of La:v to Apnly. Each wcll v~hicn is built as part o`
~ne oriyinal construction o` Dwelling ~Jnits u~an T{~e Pr~perties ana placed ortthe dividing line
between t4~e lots s4~a11 constitute r party wall, ond to the extent not inconsistent `~itn th~ provisions
of this Article, the general rules ~f 1aw regarding party walls and of liability for pcoperty damo3e
~ c!ue ~o ney~+r~ent or r~illful ac:s or omissions shall apply thereto.
~
~
-14-
~
~
i
80GK ~i7 PM~f J~
. . . C}:.. ~iRJ H . . ~ _ .JJ iC'. , i': _'J:. F:.~'t~i•.'l ~t~l :1 TEILi'...)Nf _ +
~~w
_ ~4 ~_.F L , , e
, .g~ Y•~ X .K .f~"~t~~s,~.-s
~,y~:`~ri~~~°r~ -"'t'~:fi
4 ~'W~~~~~'b^.~'-1r `~~4-'~~i ~ _
~'.~x~ l~"' -
_.u_ y.'~L~'± ~ -4:r_ zr~:.- . . _ .