Loading...
HomeMy WebLinkAbout0487 , ' - . j :j 4 ~ f ; . s ~ 'i date when due, such assessment shall then become delinquent and shall, together ~ ;i with such interest thereon and the cost of collection thereof, become a continuing lien on the lot (s) against which such assessment is made that shal l bind such lot (s) ~ ;t in ih~ harius :~a ~w~~~r ~s) , his h~ir~, ~eti•i~~es, ~rsor±a! represen±atives and ~ i4 assigns, and shall aiso be the continuing personal obligation of the owner (s) ! against whom the assessment is levied. 4 , ; c If the assessme~t is not paid within thirty (30) days after the ; delinquency date, which shall be set by the Board of Oirectors of the Association, ' ~ ',i the assessment shall bear interest from the date of delinquency at the rate of ten ~ {percent {10$) per annum, and the Association may, at any time thereafter, bring ~ an action to foceclose the lien against the fot (s) in like manner as a foreciosure of , ;l a mortgage on real property, and/or a suit on the personal obligation against the 1, owner (s) and there shall be added to the amount of such assessment the cost of ~ p~eparing and filing the complaint in such action (including a reasonable attorney ~ ; fee), and in the event a judgment is obtained, such judgment shail include interest ~ on the assessment as above~provided and a reasonable attorney's fee to be fixed by ; ~i the Court, together with the costs of the action . ~ i~ Section 9. Subordinatian to Lien of Mortgages. The lien of the ; ' ~E assessments for which provision is herei~ made, as well as in any other Article of ~ ; i~ this Declaration, shall be subordinate to the lien of any first mortgage to a bank, ~ ; life insurance company, Federal or State savings E loan association, or real estate ~ ~ `i investment trust, Such subordination shall apply only to the assessments which , ~ ;i have becom~ due and payable prior to a sale or transfer of such lot pursuant to a ~ E decree of foreclosure, and in any other proceeding in lieu of foreclosure of such ~ ~ ; mortgage. No sale or transfer shall relieve any lot from liability for any assess- i ~ ; ~ ment thereafter becoming due, nor from the lien of any such subsequent assessment ~ The written opinion of either the developer or the Association that the lien is ; ~ subordinate to a mortgage shal l be dispositive of any questions of subordination . ; , ; ; Section 10. Exempt Property. All property except that which is ! ~ legally platted into individual lots shall be exempt from assessments. ; ~ ~ ~ ~ Notwithstanding any provision~ herein, no land or improvements ; ~ s devoted to dwelling shall be exempt from said assessments, charges or iiens. ~ ~ - V. EXTERIOR MAINTENANCE ASSESSMENT ~ ~a ! ; ~ ; ' - Section 1. Exterior Maintenance. In addition to maintenance upon ~ ~ the Common Area, the Association may provide upon any lot requiring same, when ; ?i necessary in the opinion .of the Board of Directors of the Association to preserve ~ the beauty, quality of the neighborfiood, maintenance, including paint, repair, i downs outs, exterior buildin surfaces and ' ~t roof repair and ~eplacement, gutters, p g • ~ yard cleanup and/or maintenance. This being the case of the perimeter wall ~ ~ i around the subdivision. ; ~ Section 2. Assessment of Costs. The cost of such~maintenance shall f ~ ~ be assessed against the lot or lots upon which such mai~tenance is performed or, ~ -4- eco~ ~50 Pa~;F V~~ ' L M. TAYIOR, tAWYERS ~ { a(~~ 1~ P. O. BOX 145~7. NORTM PAIM BEACH, F~A. 33408 • '~n ~ , _ - _ ~ . ~ _ _ _ ~ ~ ~ ; - - ~ ~ ~ ~~~z'r~, s-~ 'k ~q- ~ ~ ~ . - ` ~ 'n-"?e~'. . . . . . . . .