HomeMy WebLinkAbout1682
Association which may be used in the operation and management of
the Condominium.
I. The payment of any assessment or installment
thereof due the Association shall be in default if not paid into
the Association on or before the due date for such payment. When
in default, the delinquent assessment or delinquent installment
thereof due the Association shall incur a late charge of ten
($10.00) dollars per month for each month delinquent or shall bear
interest at the rate of fifteen (15$) percent per annum whichever
is greater, until such delinquent assessment or installment
thereof, and all late charges due thereon, have been paid in full
to the Association.
J. The unit owner or unit owners of each apartment
~ unit shall be personally liable, jointly and severally, as the
case may be, to the Association for the payment of all
assessments, regular or special, which may be levied by the
Association while such party or parties are unit owners of an
apartment unit in the Condominium. In the event that any unit
owner or owners are in default in any payment of assessment or
installment thereof owed to the Association, such owner or owners
of any apartment units shall be personally liable, jointly and
severally, for late charges due on such delinquent assessment or
installments thereof as above provided, and for all costs of
installments thereof as above provided, and for all costs of
collecting such assessment or installment thereof and late charges
thereon, including a reasonable attorney's fee, whether suit be
brought or not.
K. No unit owner of any apartment unit may exempt
himself from liability for any assessment levied against such unit
owner and his apartment unit by waiver of the use of enjoyment of
any of the common elements, or limited common elements, or any
service or services furnished to same and/or to the apartment
units, or by abandonment of the apartment unit, or in any other
manner.
L. Recognizing that the necessity for providing
proper operation and management of the Condominium entails the
continuing payment of costs and expenses therefor, which results
in benefits to all of the unit owners of apartment units, and that
the payment of such common expense represented by the assessments
levied and collected by the Association is necessary in order to
preserve and protect the investment of the unit owners of each
apartment unit, the Association is hereby granted a lien upon such
apartment unit and its appurtenant undivided interest in the
common elements, and, if applicable upon an exclusive right to use
an area constitutuing limited common el.ements which may be in
appurtenance to any said apartment unit, which lien shall secure
and does secure the monies due for all assessments now or
hereafter levied against the unit owner of each apartment unit,-
which lien shall also secure late charges, if any, which may be
due on the amount of any delinquent assessments owing to the
Association, and which lien shall also secure all costs and
expenses, including reasonable attorney's fees, which may be
incurred by the Association in enforcing this lien upon said
apartment unit and its appurtenant undivided interest in the
common elements and limited common elements. The lien granted to
the Association may be foreclosed in the same manner as real
estate mortgages may be foreclosed in the State of Florida and any
suit for the foreclosure of said lien, the Association shall be
entitled to rental from the owner of any apartment unit from the
date on which the payment of any assessment or installment thereof
became delinquent and shall be entitled to the appointment of a
receiver for said apartment unit, without notice to the unit owner
of such apartment unit. The rental required to be paid shall be
equal to the rental charge on comparable types of apartment units
in St. Lucie County,Fla. The lien granted to the Association
shall further secure such advances for taxes, and payments on
account or of superior mortgages, liens or encumbrances which may
be required to be advanced by the Association in order to preserve
and protect its lien, and the Association shall further be
entitled to interest at the rate of fifteen (15$) percent pPr
annum on any such advances made for such purpose. All persons
firms or corporations which shall acquire, by whatever means, any
' 2 3' 8^~K ~~ PAGE ~~~