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C. Voting. All members shall be entitled to one vote <br />for each Lot owned. When more than one person holds an interest <br />in any Lot, all such persons shall be members. <br />The vote for such <br />Lot shall be exercised as they among themselves determines, but in <br />no event shall more than one vote be cast with respect to any one <br />Lot. <br />TI -ere can be no split vote. In the case of Lots owned by <br />a corporation, partnership or trust, or by more than one individual, <br />prior to or at the time of any meetinct at which a vote is to be <br />taken, each co --Owner or other person entitled to a votQ at such <br />meeting shall file with the Secretary of the Association the name <br />of the.voting co -Owner or other person entitled to a vote at such <br />` meeting, unless such co -Owner or other persons have filed a general <br />.,. voting authority with the Secretary applicable to all votes until <br />rescinded. <br />D. Suspension of Voting Rights. In the event any <br />q;.:.. Owner shall be in arrears in the payment of any amount due under <br />!A' any of the provisions of this Declaration for a period of fifteen <br />' (15) days, or shall be in default in the performance of any of the <br />terms of this Declaration for a period of fifteen (15) days, <br />such owner's right to vote as a member of the Association shall be <br />� y <br />suspended and shall remain suspended until all payments are brought <br />y <br />current and all defaults remedied. <br />7. Assessments. <br />rY, A. Personal Obligation. Declarant, for each Lot owned <br />it within the Property, hereby covenants, and each Owner -of a <br />Let by accegtar_.:e o"title by deed or otherwise therefor; whether <br />or. not.it shall be so expressed: in any instrument of conveyance,. <br />off' ,,,.; .• .� <br />shall be and is deemed to covenant and hereby agrees to pay to the <br />=`. Association:a) annual assessments or charges, which shall be <br />�4 <br />payable in regular installmt:nts and shall include, but not be <br />,,S limited to, hazard and ?lability insurance for common property <br />.- (if, any), and an ac:equate reserve fund for maintenance, repairs and <br />=' :zaplac:ement of those elements of the common property that must <br />replaced on aperiodic basis, and (b) special assessments for <br />capital improvements, such cssesstt;,:nts to be established and collected <br />