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HomeMy WebLinkAbout1697 , . i ~ ~ ~ ; ; . ~ ~ ; ~ - ~ i ~ I I exceed the maximum rate allowed by la~, if any. The entire ' annual amount for Vacation Owner Association Dues, and other , egpenses solely attributable to the Floating IIse Plan, with i regard to a IInit Week shall be due prior to or at the time a IInit Week Owner submits a request for reservation of a ~I Floating IIse Period, or at such other time or in such installments as may be required by a rule promulgated by the Board of Directors. Failure of a IInit Week Owner to pay in accordance with the provisions hereof shall cause the Unit Week Owner to be considered delinquent in payment. In accordance with the Floating IIse Rules, a IInit Week Owner who is delinquent in the payment of any ad valorem property tax assessment or special assessment or any maintenance f ee, charge, or assessment imposed on a IInit Week Owner, including but not limited to Vacation Owner Association Dues, shall not be allowed to reserve a Floating IIse Period under the reservation program of the F?.oating IIse Plan or shall have his/her Floating IIse Period reservation cancelled, all pursuant to Section 721.13(6), Florida Statutes. This provision does not apply to the Developer as the long as the Developer is subject to the budget guarantee of Section 19(C) hereof . C. GENERAL PROVISIONS: 1. The Board of Directors shall determine an annual budget for common expenses, unit week maintenance expenses and other charges required to be collected by the Association, and shall assess the Owners an amount sufficient to fund such budget. 2. A LIEN IN FAVOR OF THE ASSOCIATION AGAINST A UNIT WEEK OWNER SHALL BE LIMITED TO THE IINIT WEEK(S) OWNED BY SUCH OWNER AND SHALL NOT ENCUI~ER THE PROPERTY, REAL OR PERSONAL, OF ANY OTHER OWNER OF A IINIT WEEK IN SUCH UNIT. The Association shall have a lien for any unpaid assessments for common expenses and unit week maintenance expenses (collectively ref e~red to as "Assessments") and other charges required to be collected by the Association except the fines ref erred to in Article 13 hereof ("Other Charges"), together with interest thereon, such lien to be on each Estate and on all tangible personal property owned by the delinquent Owner and located within the Unit, subordinate to prior bona fide liens of record; provided, however, a lien in f avor of the Association against the Estate of a Unit Week Owner shall not encumber the property, real or personal, of any other Unit Week Owner in the Unit. The lien shall be effective as and in the manner provided in the Condominium Act and shall have tt~e priorities established by Condominium Act and this Declaration. The lien shall secure in addition to any unpaid Assessments and Other Charges, attorneys' fees and costs - 17 - BOGK s74 P~~E1697 - _ . . ~~F~ ~r~~