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Owe-i ] ing Uni t and i ncl uding but not ~ l ini ted to. his. agents, servants,
employees, occupants, guests, invitees or licensees negligently
caused the damage, then that Owner shall be liable for the cost of
r~pMir. -
ARTICLE V -
COVENANT FOP, MAINTENANCE ASSESSMENTS -
A. Creation of the lien and Personal Obligation of Assessments.
- The Developer for each- Dwelling Unit owned by it within "Tarpon Bay
- Villas" hereby cove~~ants and each Owner of any. Dwelling Unit by accept-
ance of a~deed therefor, whether or not it shall be so expressed in -
any~such deed-or other-conveyance; including any purchaser at a -
3udicial sale, is deemed to conversant and agree to pay to the Ass-- _
ociation; annual assessments or char es as
g provided herein; (2.)
special assessments for capital improvements, such-assessments to be
fixed, established, and collected from time to time-as hereinafter
provided. Only Dwelling Units_sha11 be assessed and the assessment
shall commence. only after a certificate of occupancy is issued for
the Dwelling Unit. The. annual and special assessments, together
with interest thereon at the rate of ten-percent (10~) per annum
and costs of collection_thereof (including reasonable attorney's
fees shall be a charge on the land and shall be a continuing lien
- upon the property against.which each such assessment is-made until-
- paid. Each such-assessment, together with such interest thereon
and cost of collection thereof as hereinafter provided, shall also
be the personal obligation of the per-son who was_the Owner of such
property at'the time when the assessment fell due.
8. Purpose of Assessment. The annual and special .assessments
levied by the Association shall be-.used exclusively for the impr-ove-
ment and maintenance of the-Common Area, including., but not limited
to, the cost of taxes, labor,-equipment, materials, management, main-
tenance and supervision thereof, cost of a master television system,
cost of all insurance (liability, workmen's compensation, medical,
fire,-windstorm, flood or any of these that the Board-of Directors _
n;ay -from time to time determine to be necessary); as well as for
such other purposes as .a re permissable activities.
- - C. Annual Bud4et and Equal Assessments. the Board`of -
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-s- 3;~4 ~Qg~2h ty,
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