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meeting of the Board, the Associdtion shall levy and collect assess~
ment shares as provided by said budget.
2. ~ Spec~i~a~l Assesstnents - The Condominiwa
Association shall levy special assessments to cover those comunon
expenses for which the common surplus funds are inadequate or to
cover the cost of additional conanon elements. The Condominium
Association may make additional permanent improvements to the
Commnon Elements only with the consent of the awners of one hundred '
tw~o (102) or more Condominium Parcels.
3. Fayment and Default - Regular assessments
shall be made on a quarter-annual basis, and shall be due and
payable on the first day of each calendar quarter of each year.
Special assessments shall be due and payable upon mailing of
notice of same to such owners at the last address furnished by
such owners to the Conflominium Association. All assessments
shall be collected by and made payable to the Condominium Associa-
tion, and, at the option of the Condominium Association, all
assessments more than (15) days past due shall bear interest
• at the rate of 10$ per.annum from the due date thereof until paid.
Joint awners of a Condominium Parcel shall be severally and
jointly liable for the full ar.iount of all assesgments chargeable
against said Condominium Parcel.
i In the event an assessment is not paid within 15 days _
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i of the date that payment of same is due, then the Condominium •
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E Association shall send notice of default to such delinquent oa,iner
R by personal delivery, or by registered mail, return receipt re-
~ quested, addressed to the said delinquent owner at the last
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- address furnished by said vwner to the Condominium Association.
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s In the event such default continues for an additional 30 days
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~ after delivery or mailing of said default notice, then, without
~ further notice or demand, the Condominium Associa'tion may take
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