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,n.? ~--~,•~e R~•-I.s~~~ . r~rl~ coa:3eTi ni ~:m ~~~rcel owner
shall be individually resper.sihle for r.he payment
- of rc~~-~~onable att~--neys' fees and costs incurred by
ttie Association in t.he c~llec'.ian of s~~ms due and
enforcement of any lien held by t.t:e t,ssociation.
(j) A.ll sums collected by the A~sociation from
assessments may be commingled in a single fund or
divided into more than one fund, as determined by
the Roard of Direcrors. All a~se~sment payments by
a uni.t. owner shall be applied as provided herein
and in the Declaration of Conclominium.
(k) Any unit owner shall have the right t.o require from
the Association, a certifica+e showing the a~nount
of unpaid assessments aqainst hi:n with regard to
his condominium parcel. The t~older of a mortgage
or other lien shall have the same right as to any
condominium parcel upon which i* has a lien. Any
person other than owner ~ho reli~s up~n such
. certificare shall be pro~ecred thereby.
Section 9.
(~)
(b)
~3udget and Financial Repor+_:
The Roard of Directors is emnowered ro propose and
a~o~t. the budaet for the Conc~omi ni um.
1:otice ef the meering and a co~y of a proposed
ann~~al hudget of common expenses shall be mailed to
+he unit owners not less ~han r.hirt.y (30) days
prior to the meeting of the E?oard of Directors at
which the budget wil] be consic~~red. Such r~eeting
shall be open to the unit okners. If a budget is
ac~e~red by the Board of D~ recters k~hich requires
a~sess~~ents against t-he unir. ~wn~rs in any fiscal
year exceec?ing 115 percent of such assessments for
the preceding year, a sp~ci.al .r.~eeting of the unit
o~mer~ shall be held, i.f reyuesrec~ in writ_ing by at
leasf ten percent (10$) oi the unit owners, to
consider and enact a re~~ision ef the ~udoet, or
recall any and all m~~-ber~ of rhe 3oard of .
Directors and elect their s~zcc~Gsors. Such meeting
shal] be held not ~~~s than rer. (1~) davs aft.er
wrirten r.otice is given ro eac-h unir owner, bur not
r~ore than thirty (30) days aft~r such meeting has
bepn requested in writing. The re:~ision of the
p~~dger or rhe recall of any or al2 r~embers of the
Board of Directors shall rec3~ir~ a~vote of not ]ess
thar. two-thirds ( 2/3) of rhe ~~ot i ng rr,embers. The
Board of Direcr_ors may in any e~~ent propose a-
budget to the unit owners at a~~mhers' meeting or
i_n wri*inq, and if such prop~Ger~ budger is approved
by rt~e uni t owners at a members' rr,eer ing or by a
majority of votin4 me:~bnrs in ~riting, =uch budget
shall not r-hereafter be reexamined by t_he unit
~wners i_n t.he manner ser forrh aboce, n~r shall the
Boarc~ of Direcrors be recalled unc~er the terms of
t.his subsection.
~c) The proposed annua] budget of cor~mon expenses shall
be c~et.a i.led and shall sho~- t.he arr.ounts budger_ed by
accounts and er.penses classificarions. In addition
t.o ann~al operaring expenses, rh~ budget. shall
include reserve accounrs for ca~ital expenditures
and c~~fer.r.ed maintenance. Th~se accounts shall
include, but not be limi_ted to, raof replacement,
building painting, and pavement resurfacing. ~'he
E-12
g~~x 346 F~GE 1161