Covenants for Maintenance Assessment. Paragraph D. 2., Page 9, of record in Book 561, Page 155, shall be amended to read as follows: All assessments, together with interest, costs and reasonable attorney's fees shall be a charge on the land and a continuing lien upon the property against which each such assessment is made. Each such assessment together with interest, costs and reasonable attorney's fees, shall also be the personal obligation and liability of the person(s) who was the owner of such property at the time when the assessment was due. The personal obligation to pay assessments is a personal obligation which can be pursued through a breach of contract action. The personal obligation for the delinquent assessment shall not pass to his successors in title unless expressly assumed by them, but no such assumption shall relieve any Owner personally obligated from his personal liability.
Covenants for Maintenance Assessment. Paragraph X. Xxxxxx for any Action Authorized under Section B. and X. Xxxx 9, of record in Book 561, Page 155 and Record Book 353, Page 52, shall be amended to read as follows: Written notice for any meeting called for the purpose of taking any action authorized under Section B. and/or C. shall be sent to all members not less than thirty (30) nor more than sixty (60) days in advance of the meeting and shall state the purpose of such meeting. At a meeting in accordance with Section B., the quorum will be the members present at the meeting either in person or by proxy. For a Section C. meeting, the quorum shall be the presence of members or of proxies entitled to cast fifty-one percent (51%) of all votes of membership
Covenants for Maintenance Assessment. Paragraph F. Date and Commencement of annual Assessments, Page 9, of record in Book 561, Page 155, shall be amended to read as follows: The annual assessment provided for herein shall begin on the date of the sale or transfer of a lot or unit and the execution of an instrument of title evidencing the conveyance of title. The first annual assessment shall be adjusted according to the number of months remaining in the calendar year. At least thirty (30) days in advance of each annual assessment, the Board of Directors shall fix the amount of the annual assessment of every owner subject thereto. Written notice of such assessment shall be sent to every owner subject thereto at least thirty (30) days in advance of each annual assessment, but failure to fix or to notify shall not constitute a waiver of this right or of owner's obligation to pay. The due date shall be the 1st day of March of each year. If the annual assessment is not paid by the 31st day of March of each year, then the owner of said lot shall pay a late penalty of $50.00 in addition to the charges stated in Section G. below. At the transfer of a lot to initial lot owner and from each subsequent owner to a new owner there should be paid an initiation fee by the new owner (grantee) at the time of the transfer. The initial amount of this fee will be $150.00. The amount of this fee may be changed by the association at any time. The non-payment of this fee at the time of transfer shall give the association all the rights of collection and all of the lien rights provided herein.
Covenants for Maintenance Assessment. Paragraph G., Effect of Non-Payment of Assessments, Remedies of the Association Page 9, of record in Deed Book 561, Page 155, shall be amended to read as follows: Any assessment not paid within sixty (60) days after the due date shall bear interest from the due date at the rate of eighteen percent (18%) per annum, and shall be a lien against the lot or unit, and shall further be the personal obligation of the person owning the lot or unit at the time the assessment comes due. The Association's lien shall also secure payment of fines validly imposed. The Association may bring an action at law against the owner personally obligated to pay the same, action for breach of contract or foreclose the lien against the property, and interest, cost and reasonable attorney's fees for such action or foreclosure shall be added to the amount of such assessments. No owner may waive or otherwise escape liability for the assessment provided for herein by non-use of the common area or abandonment of his lot or unit.
Covenants for Maintenance Assessment. Paragraph G., 1., Page 10, of record in Deed Book 561, Page 155 and Deed Book 353, Page 52, shall be amended to read as follows: The name of Xxxx X. Xxxxxx shall be deleted and the name of X. Xx Xxxxxx shall be inserted therein.
Covenants for Maintenance Assessment. Paragraph K., Page 12, of record in Deed Book 561, Page 155, shall be deleted in its entirety.
Covenants for Maintenance Assessment. A. Creation of the Lien and Personal Obligation of Assessments.
Covenants for Maintenance Assessment
