8F Consent 2011 0502 - Laserfiche WebLink

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assessment and the due date (or if paid in installments, the due dates and the amount of each installment). The notice need be given only once, at the beginning of each fiscal year for any regular assessment paid in installments, and once for any special assessment paid in installments. Unless the Board specifies otherwise, the installment due dates shall be the first day of each month. (b) Any assessment payment, including any installment payment, shall become delinquent if payment is not received by the Association within fifteen (15) calendar days after its due date. There will be a late charge of Ten Dollars ($10.00) or ten percent (10 %) of the delinquent assessment payment, if greater, or at the option of the Board, such higher amount on each delinquent payment as may be pmitted by law. A late charge may not be imposed more than once on any delinquent er payment, shall not eliminate or supersede any charges imposed on prior delinquent payments, and shall constitute full compensation to the Association for any addi)ional bookkeeping, billing, or other administrative costs resulting from the delinquent payment. Nothing in this provision shall affect the right of the Association to recover its costs of collection and enforcement, as well as reasonable attomeys' fe s. if it prevails mao action brought to collect delinquent payments pursuant to the provisions of Section 9.1 o this Declaration. \\ n \� (c) Interest shall also accrue on any delinquent payment at rate of ten pe\ ent (10 %) per annum or at such rate as the(Board.may lawfully impose from time to time. Interest shall accrue from a date thirty (30 )calendar afterlie.due date of the assessment through and including the date full payment is'received by the Association. 9.11 Estoppel.0 ertificates. (a) Withiruen, 10) calen ar days afterseceipt of a written request by an Owner, the Board•shal _proid athe OwneRwiilia tten sta`ment containing the following information: (i) whether, to the knowledge.ofthe Association. the Owner or the Owner's Condominium is iniolation of any of the provisions of this Declaration. the Articles, the Bylawsior the AssocialioRules ar`d'Regulations; (ii) the amount of regular and special assessmen�\cluding installment pay penis, paid by the Owner during the fiscal year in which the request is received; and (iii) the amount of any delinquent assessments, penalties, interes >auorneysj fees, and other charges on the Owner's Condominium as provided by this Declaration, the Articles, the Bylaws. or the Association Rules and Regulations. (b) The Board may charge the Owner a fee to recover its reasonable costs in preparing the statement. (c) Any prospective purchaser or Mortgagee of the Owner's Condominium may rely on the information in this written statement. provided that reliance may not extend to any violation of the Declaration. the Articles. the Bylaws, or the Association Rules and Regulations of which the Association does not have actual knowledge. 9.12 Enforcement of Assessments. The Association has the right to collect and enforce assessments. In addition to the enforcement powers described in Section 7.6 of