09-26-2005 Council Packet - Laserfiche WebLink

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B. Impose late charges of up to 15% of each late payment of an assessment or installment thereof. C. In the event of default of more than 30 days in the payment of any assessment or installment thereof, all remaining installments of assessments assessed against the Unit owned by the defaulting owner may be accelerated and shall then be payable in full if all delinquent assessments, together with all costs of collection and late charges, are not paid in full prior to the effective date of the acceleration. Reasonable advance written notice of the effective date of the acceleration shall be given to the defaulting owner. D. Impose reasonable fines, penalties or charges for each violation of the Act, the Declaration or Bylaws, or the Rules and Regulations of the Association. E. Restore any portions of the Common Elements or Limited Common Elements damaged or altered, or allowed to be damaged or altered, by any owner or occupant or their invitees in violation of the Declaration or Bylaws, and to assess the cost of such restoration against the responsible owners and their Units. F. Foreclose any lien arising under the provisions of the Declaration or Bylaws Of under law. in the manner provided for the foreclosure of mortgages by action or under a power of sale in Minnesota. 20.05 t.ien for Charges. Penalties. Etc. Any assessments, charges, fines, penalties, or interest imposed under this Article shall be a lien against the Unit of the owner against whom the same are imposed and the personal obligation of such owner in the same maimer and with the same priority «nd effect as assessments under Article 10.00. The lien shall attach as of the date of imposition of the remedy. All remedies shall be cumulative, and the exercise of, or failure to exercise, any remedy shall not be deemed a waiver of the right to pursue any others. 20.06 Coats of Proceedings and Attomevs Fees. With respect to any collection measures, or any measures or action, legal, administrative, or otherwise, which the Association takes to enforce the provisions of the Act, Declaration, Bylaws or Rules and Regulations, wdiether or not finally determined by a court or arbitrator, the Association may assess the violator and its Unit with any expenses incurred in connection with such enforcement, including without limitation fines or charges previously imposed by the Association, reasonable attorneys, fees, aixl interest (at the highest rate allowed by law) on the delinquent amounts owed to the Association. 20.07 I .lability for Owners' and Occupants' Acta. An owner shall be liable for the expense of any maintenance, repairor replacement of the Property rendered necessary by such owner's acts or omissions, or by that of teiumts or invitees in the owner's Unit, to the extent that such expense is not cov«ed by the proceeds of insurance carried by the Association or such owner or tenant However,