HomeMy WebLinkAbout0147 I~b su~.h granL• shal.l rcx~iixe t,he remov~il or reloeari,on of. ~-iny .i~?~~rc~vt ~u~~nt a ca: i: ~ii~c~
on the Oannxa.~ Pxo~rti.es on thc~ d~te the yr~~nC.
~ . 11ATIC~,C V
OOV'~t'VANT FOR N{~?7[NTL•~'~IANCF. ~1.iSE.~'iSt~,f ~T~S
Section 1. Creation of thn I.~ie~l anc~l Personal Obli~ativn oF 7?sses~rncnts. .
ncocpt as hereinafter. more fu11X providcd. t2~e D~vtl.o~er., ~or e~ch Irat• anc] Isvinet.
Unit a~ed by ~t within the ~rot~rties, herel~y cov`nants and each 4aner of any
Lot or Li.ving Unit, by acoeptanc~ of a deed therefor, whetY~er or not i_t shall
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be s~o expressed in any such deed or o~ac oonv,,yanc~e, shat:l bE c3ec~a to Wvenan~
and aqrez to pay to the Association: (1) annual assessm~nts or char.r~es; (2)
s~cial assessments for capital inproverr~.~ts, such assessrnents tA be ~ixed,
established, and c~llec.-ted form time to time as hereinafter ~rovxclc.-~i. '14~e annu~ii_
and s~-
~i~:l ass~~s }~n~s, tog~~th~~ ~.~ith such in~rest th~r~~-~ and ca~ts aL• oollec- :
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t~Qn th~reo~ as hQrp,_:_~ uer prov5.ded, stiall be a charge on the land ~x3 sha1.1 be
a aanL.:;~~~ir.g lien uaea ~tl:e property against which each such assessmcnt a.s made. -
Each s~~`~ assQssrnnz, torethQr wxth such interest thereon an3 oost of oolLectian '
thexea; as here~n~ ~er p~ovidzd, shall. also be the personal obligatian of the
perso~ Y~ho ~vas tY;° ~~:~~r o~ such pro~-~erty at the time whe.n the assess-ment fel3.
~ d~. ~
$ecti~o:z 2. Pnrpose of Assessments. The assessments levied by the ~
Association shall be used ~clusively for the purpose of proiroting the recreation, _
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health, ~etX, and k-rlfare of th2 residents an Z'he Properties and in particular. #
~or th~ i~proYerne.~t and reti-~intenanoe of propesties, servioes and facilities dzvoted
tA this purpose and rela~ ~ and enJ~t o~ the Con~ Properties and
o~ the t~s $ituat~ed upo*i The Properties, including, but not lamited to, the
payment o~ t,2i,xes and insuranoe an the Coc~n Qrooerties, and repair, replaoement, ~
and addi,tio~ns thex~et~o, and ~or the oost of labor, equipment, materials, manag2ment,
and su~eryis~,on thzreo~. - ~
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$ection 3. Date 'o~ Cam~ncement of Annual Assessnents:
Due Dates. Z'he annual assess~nents provi.d?d for herein shaZl ~nce on a c3a~e t
(which shall be the first day of a ma-~th) fixed by the I3oaxcl o~ Directors of
th~ ~sociation herein called the D~ate of Cam~encen~nt. ~ . ~
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~"ne ~iXst annual assQssTnent shall be levied for the balance of the s
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caZe~daz year in which i.t is itm~osecl, and shall. }x~~ due and payable on th~ :
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Uate o~ Co,~yenarr~nt. Th° assessments for any year, after th~ first y~ar, shall
becan~ clue and ~ayable on th~ ~irst day o~ March of said year.
~ ~ . " - Pag~ 8 - -BOOK~t7U P~f,E " ~
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