Covenants For Maintenance Assessments. Each Condominium Unit Owner covenants and agrees to pay to the Association annual assessments and special assessments in the same amount as that assessed against improved and unimproved Lots in the Long Creek Subdivision. The obligation to pay the assessment commences on each Condominium Unit as it is conveyed by Condominium Declarant to a purchaser. The amount of the first annual assessment is the prorated amount for the remaining portion of the fiscal year of the Long Creek Owner’s Association. The Association will have the same rights and powers to collect the assessments against the Condominium Unit Owners as it has against the Owners of Lots in Long Creek Subdivision.
Covenants For Maintenance Assessments. Section 1: The Declarant for each Lot owned by it hereby covenants and each Owner of any Lot by acceptance of a deed therefore, whether or not it shall be so expressed in any such deed or other conveyance, shall be and hereby is deemed to covenant and agree to pay to the Association: (a) annual assessments or charges; (b) special assessments for capital improvements, such assessments to be fixed, levied, established and collected form time to time as hereinafter provided. The annual and special assessments, together with such interest thereon and costs of collection thereof as hereinafter provided, shall be a charge on each such Lot and shall be a continuing lien on each such Lot against which each assessment is made. Each such assessment, together with such interest thereon and costs of collection thereof, as hereinafter provided, shall also be the personal obligation of the person or legal entity who was the Owner of each such Lot at the time when the assessment fell due. The personal obligation for delinquent assessments shall not pass to such Owner’s successor in title to the property against which such assessment was made unless expressly assumed by such successor.
Covenants For Maintenance Assessments. 1. Each Owner of any Lot, by acceptance of a deed therefore, whether or not it shall be so expressed in any such deed or other conveyance, shall be deemed to covenant and agree to pay to the Association: (1) regular annual assessments or charges; (2) special assessments for capital improvements, such assessments to be fixed, established and collected from time to time as herein after provided. The annual and special assessments, together with such interest thereon and the costs of collection thereof as hereinafter provided, shall be a charge on the land and shall be a continuing lien against the property against which each such assessment is made. Each such assessment, together with such interest thereon and cost of collection thereof as herein after provided, shall also be the personal obligation of the person who was the owner of the Lot on the date when the assessment fell due.
