Annual Maintenance Assessments. Each owner of a building site shall pay to the Community Association annual maintenance assessments and, when levied, special assessments for capital improvements, such assessments to be fixed, established, and collected from time to time as provided herein and in the Community Association’s Bylaws. The monthly and special assessments, together with such interest thereon as provided, shall be a charge on the land and shall be a continuing lien upon the lot against which each such assessment is made. Each such assessment, together with such interest thereupon as provided, shall also be the personal obligation of the person who is the owner of such property at the time when the assessment fell due.
Annual Maintenance Assessments. The Declarant hereby covenants and each person, group of persons, corporation, partnership, trust or other legal entity, or any combination thereof, who becomes a fee owner of a lot with in the Property, by acceptance of a deed therefor, whether or not it shall be so expressed in any such deed or other conveyance, shall be deemed to covenant and agree to pay the Association, in advance, a monthly sum (herein elsewhere sometimes referred to as "maintenance assessments") equal to one-twelfth (1/12) of the member's proportionate share of the sum required by the Association, as estimated by its Board of Directors, to meet its annual expenses, including but in no way limited to the following:
Annual Maintenance Assessments. The initial maximum annual maintenance assessment for each of the lots to which Class A membership is appurtenant shall not exceed the sum of Three Hundred Sixty Dollars ($360.00) per annum. The annual maintenance assessment shall be levied at a uniform rate for each lot to which Class A membership is appurtenant. The maximum annual maintenance assessment for each of the lots to which Class B membership is appurtenant shall be equal to twenty-five (25) percent of the maximum annual maintenance assessment which would be assessed against the lot were it owned by a Class A member. In consideration of the Declarant's exemption from a full assessment, Declarant hereby covenants and agrees to maintain (exclusive of real estate taxes, insurance premiums and utility bills) the Common Area, within this section or any other section subsequently annexed hereto, without cost to the Association, until such time as there are no longer any Class B memberships applicable to the Section. Said maintenance shall apply upon subsequent annexation pursuant to Section 2. Article 11, with respect to the Common Area contained in the property so annexed, which maintenance shall end one (1) year from the date of conveyance of the first Lot in such annexed property to an Owner, or until the Declarant has conveyed seventy -five percent (75%) of the Lots contained in such annexed property Owners, whichever occurs first. Upon the occupancy of any house located on a lot subjected to Class B membership, such lot shall be subjected to full assessment.
