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ii <br />3.1. Association to Manage Common Areas ................................................................................... 6 <br />3.2. Membership .............................................................................................................................................. 6 <br />3.3. Transferred Membership ........................................................................................................................ 6 <br />3.4. Membership and Voting Rights ................................................................................................ 6 <br />ARTICLE IV ................................................................................................................................................. 6 <br />ASSESSMENTS ........................................................................................................................................... 6 <br />4.1. Creation of the Lien and Personal Obligation of Assessments .............................................. 6 <br />4.2. Purpose of Assessments ........................................................................................................... 7 <br />4.3. Assessments .............................................................................................................................. 7 <br />A. Regular Assessments ................................................................................................................. 7 <br />B. Special Assessments ................................................................................................................. 7 <br />4.4. Restrictions on Increases in Regular Assessments or Special Assessments ........................ 7 <br />A. Approval of Members for Certain Assessments ....................................................................... 7 <br />B. Assessments - Emergency Situations ...................................................................................... 7 <br />C. Notice and Quorum for Any Action Authorized Under Section 4.4......................................... 8 <br />4.5. Division of Assessments ............................................................................................................ 8 <br />4.6. Date of Commencement of Regular Assessment; Due Dates ............................................... 8 <br />4.7. Effect of Nonpayment of Assessments ..................................................................................... 8 <br />4.8. Transfer of Condominium by Sale or Foreclosure .................................................................. 9 <br />4.9. Priorities; Enforcement; Remedies ............................................................................................ 9 <br />A. Statement of Charges ................................................................................................................ 9 <br />B. Payment Plan............................................................................................................................. 10 <br />C. Notice of Delinquent Assessment ............................................................................................. 10 <br />D. Lien Releases ............................................................................................................................. 10 <br />E. Enforcement of Assessment Lien and Limitations on Foreclosure......................................... 10 <br />F. Foreclosure ..........................................................................................................................11 <br />G. Sale by Trustee ........................................................................................................................ 12 <br />H. Suspension of Rights of Delinquent Owner ............................................................................ 12 <br />I. Fines and Penalties .................................................................................................................. 12 <br />4.10. Reimbursement Charges ...................................................................................................................... 12 <br />4.11. Unallocated Taxes ................................................................................................................................. 12 <br />4.12. Estoppel Certificate ................................................................................................................................ 12 <br />4.13. Bank Accounts ......................................................................................................................................... 13 <br />ARTICLE V ................................................................................................................................................................. 13 <br />MAINTENANCE AND MANAGEMENT .................................................................................................................. 13 <br />5.1. Maintenance ............................................................................................................................................ 13 <br />A. Association's Obligation to Maintain and Repair Common Area ........................................... 13 <br />B. Owner's Right and Obligation to Maintain and Repair ........................................................... 14 <br />C. Inspection and Maintenance Guidelines ........................................................................................... 14 <br />5.2. Enforcement ............................................................................................................................................ 15 <br />5.3. Powers and Duties of Association ........................................................................................... 15 <br />A. Utility Service ......................................................................................................................................... 15 <br />B. Easements .............................................................................................................................................. 15 <br />C. Manager ................................................................................................................................................... 15 <br />D. Annual Budget ....................................................................................................................................... 15 <br />E. Adoption of Rules ..................................................................................................................... 15 <br />F. Access ....................................................................................................................................... 15 <br />G. Assessments and Liens ........................................................................................................... 16 <br />H. Fines and Disciplinary Action ................................................................................................... 16 <br />I. Enforcement .............................................................................................................................. 16 <br />J. Acquisition and Disposition of Property ................................................................................... 16 <br />K. Loans ....................................................................................................................................................... 16 <br />L. Dedication ................................................................................................................................. 16 <br />M. Contracts ................................................................................................................................... 16 <br />N. Delegation ................................................................................................................................. 16 <br />0. Appointment of Trustee .................................................................................................... 17 <br />P. Litigation/ Arbitration ..................................................................................................................17 <br />Q. Other Powers ......................................................................................................................................... 17 <br />R. Common Area Improvements ................................................................................................. 17 <br />85