8F Consent 2011 0502 - Laserfiche WebLink

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(d) These cumulative voting provisions may not be applied to deny Owners other than Declarant the right, as set forth in the Bylaws, to elect two of the Directors during the Declarant Control Period. (e) Notwithstanding the foregoing provisions of this Section 8.5, the Class B Owner shall not be entitled to exercise cumulative voting rights during the Declarant Control Period. ARTICLE 9 ASSESSMENTS 9.1 Payment of Assessments. (a) Declarant covenants and agrees for each Condominium owned by it in the Project, ts� and each Owner by acceptance of a deed, covenanand agrees for each Unit owned, to pay to the Association the initial working capitalpay�men and`the regular and special assessments levied in accordance with the provisins of this Declaration. and to allow the Association to enforce any assessment lien established in accordance with the provisions of this Declaration by nonjudicial proceedings / under a power of sa or•by any other means authorized by law. (b) Notwithstanding the provisions of Secti \`(a), Declarant reserves t right, for a period of up to one (1) year folIp the date of conveyance of the first Condominium, to pay both the operating expenses oL e•Association.and funds necessary to establish adequate reserves in lieu of impositio ofassessments by the Association. 9.2 Personal Obligation of twner. E�\ n\r installment, together with any late charge, interest, coll'eetion costs, and reasonable attorneys' fees, shall be the personal obligation•of'the Owner'at the time.such assessment or installment becomes due and payable. If there is more than one Owner ofa particular Condominium, each Owner shall be jointly and severally liable:-The personal obligation for any delinquent assessments roro installments`anorelated Sums shall not pass to an Owner's successor in interest unless expressl�j•assumed`by that successor in interest, provided that any lien held by the,Association, if properly rec rded in accordance with Section 9.13 of this Declara i i shall not be affected b 'this provision. No Owner may be relieved from the obligation n to pay assessments or installments by waiving the use or enjoyment of all or any portion ofitlie.Co Areas or the Owner's Condominium, or by abandoning the Condominium. \\!) 9.4 Scope of Assessment Authority. (a) The assessments levied by the Association shall be used exclusively to promote the recreation, health, safety, and welfare of the members of the Association; to improve, replace. repair. operate, and maintain the Common Areas and the improvements and personal property in the Common Areas that are owned, leased or maintained by the Association; to provide funds necessary for the performance of the duties of the Association as set forth in this Declaration; and to further any other purpose that is for the common benefit of the Owners in their use and enjoyment of the Project.