Common use of Creation of the Lien and Personal Obligation of Assessments Clause in Contracts

Creation of the Lien and Personal Obligation of Assessments. 1. Each Owner for any lot, by said acceptance of a deed therefore, whether or not it shall be so expressed in such deed, is deemed to covenant and agree to pay: (1) the initial assessment, (2) annual assessments or charges, and (3) special assessments for capital improvements or losses, or for failure to maintain and repair, such assessments to be established and collected as hereinafter provided.

Creation of the Lien and Personal Obligation of Assessments. 1. Each Owner for any lotLot, by said acceptance of a deed therefore, whether or not it shall be so expressed in such deed, is deemed to covenant and agree to pay: (1) the initial assessmentassessment as stated in Section B below, (2) annual assessments or charges, and (32) special assessments for capital improvements or losses, or for failure to maintain and repair, such assessments to be established and collected as hereinafter provided.

Creation of the Lien and Personal Obligation of Assessments. 1. Each Owner for of any lot, Lot by said acceptance of a deed thereforethereof, whether or not it shall be so expressed in such deed, is deemed covenants and agrees to covenant and agree pay to paythe Association: (1) the initial assessment, commencement assessments; (2) annual assessments or charges, and (3) special assessments for capital improvements or losses, or for failure to maintain and repair, such assessments to be established and collected as hereinafter provided.administrative assessments;