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09-19-1988 Planning Packet
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09-19-1988 Planning Packet
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the private road [*** VERIFY DESCRIPTION •••) for the private use <br />and enjoyment of the Owners and their respective familiesr <br />tenantsr guests and invitees. The Association shall maintain the <br />trail. Trail maintenance shall include without limitation the <br />following: clearing the surface of ice and debris; repairing the <br />trail surface and the slopes; and controlling erosion. Bicycles, <br />tricycles and household pets, such as dogs and cats, are allowed <br />on the trail, but motor vehicles and horses are prohibited. <br />Section 6. Other Common Facilities. The Association, <br />acting through its board of directors, shall have the right to <br />install additional facilities in the Common Areas for the use and <br />enjoyment of all the Owners; but no other group of Owners and no <br />individual Owner shall have the right to install any facilities <br />in the Common Areas, whether for the private use of one or more <br />Owners or for the common use of all Owners. The Association <br />shall maintain all facilities owned by the Association on the <br />Common Areas. <br />Section 7. Costs. The Association shall operate and main <br />tain the Common Areas and the Association's improvements thereon, <br />at the cost of all the Owners. Such costs are Common Expenses <br />included in the Common Assessments made by the Association. How <br />ever, if the need for maintenance or repair of any part of the <br />Common Area or the improvements thereon is caused through the <br />willful or negligent acts of an Owner, or through the willful or <br />nMligent acts of the family, guests or invitees of an Owner, <br />tHan the cost of such maintenance or repair shall be added to and <br />become part of the assessment to which the Owner's Lot is sub <br />ject. <br />ARTICLE IV <br />INSURANCE <br />Section 1. Casualty Insurance on Insurable Common <br />Area. The Association shall keep all insurable improvements and <br />fixtures of the Common Area insured against loss or damage by <br />fire or other casualty and may obtain insurance against such <br />ocher hazards that are normally covered by the standard extended <br />coverage endorsement; and all other perils customarily covered <br />for similar types of projects, including those covered by the <br />standard "All Risk” endorsement. Such insurance shall cover 100% <br />of the current replacement cost of the property covered. The <br />Association may also insure any other property whether real or <br />personal, owned by the Association, against loss or damage by <br />fire and such other hazards as the Association may deem desir <br />able, with the Association as the Owner and beneficiary of such <br />insurance. The insurance coverage with respect to the Common <br />Area shall be written in the name of, and the proceeds thereof <br />shall be payable to the Association. Insurance proceeds shall be <br />used by the Association for the repair or replrcement of the <br />property for which the insurance was carried. Premiums for all <br />- 5 - <br />Sv- <br />& <br />lii <br />IM'I <br />L . <br />■m <br />N <br />j <br />I <br />r1 <br />insurance c <br />in the C •JMM* <br />Sect ioi <br />maintain li <br />against cla. <br />about the <br />dollars ($1 <br />Board deems <br />Sectioi <br />blanket fid« <br />agents who <br />Association, <br />in the possi <br />less than <br />Association <br />Sectior <br />of damage t <br />the Associa’ <br />ranee proce< <br />ficient to <br />property dai <br />struction A: <br />tional cost <br />proceeds, i <br />against the <br />Sectior <br />provisions c <br />in conformit <br />Sectior <br />Association <br />by the FNMA <br />insurance p< <br />Board of Oi <br />whether the <br />make any ne< <br />have been da <br />Section <br />Association. <br />Association, <br />separated fr <br />ment.
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