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TABLE OF CONTENTS, Cont'd. <br /> Paae <br /> ARTICLE VI COVENANT FOR ASSESSMENTS 9 <br /> Section 1. Purpose of Assessments 9 <br /> Section 2 . Creation of the Lien and Personal <br /> Obligation for Assessments 9 <br /> Section 3 . Annual Assessments 9 <br /> Section 4 . Emergency Fund Assessments 10 <br /> Section 5. Sinking Fund Assessments 10 <br /> Section 6. Capital Assessments 11 <br /> Section 7. Separate Assessments il <br /> Section 8. Uniform Rate of Assessment il <br /> Section 9. Effect of Nonpayment of Assessments; <br /> Remedies of the Association 11 <br /> Section 10. Late Payment 12 <br /> Section li. Subordination of the Lien to Mortgages 12 <br /> ARTICLE VII ARCHITECTURAL CONTROL 12 <br /> Section 1. Architectural Control Committee 12 <br /> Section 2 . Design Review 12 <br /> Section 3 . Review Period 13 <br /> ARTICLE VIII RENTAL OF LOTS 13 <br /> Section 1. General Lease Provisions 13 <br /> Section 2 . Length of Tenancy 13 <br /> Section 3 . Adoption of Association Documents 14 <br /> Section 4 . Liability for Association Assessments 14 <br /> - ii - <br />