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Mmmm <br />Ly respon* <br />imon Area/ <br />linst that <br />id payable <br />t no more <br />-annually <br />Authorized <br />:alled for <br />on 3 or 5 <br />s than 30 <br />. At the <br />>f proxies <br />class of <br />quorum is <br />the same <br />subsequent <br />urn at the <br />held more <br />ssessinents <br />It Special <br />ind Owners <br />reasonable <br />,c utility <br />perimeters <br />Rent areas <br />lid inter- <br />ibit con- <br />[) feet and <br />jed by the <br />yard set- <br />Ln subsec- <br />1 shall be <br />de 10 feet <br />i setbacks <br />ot A/ rear <br />iries with <br />LiOt's com- <br />Notwith­ <br />ane drive- <br />1 <br />-V'J <br />way leading from the private road to the garage/ provided that <br />the cleared right-of-way of the driveway shall not exceed 20 feet <br />in width. <br />Section 10. Effect of Nonpayment of Assessments! Remedies <br />of the Association" Any Assessment or portion thereof not paid <br />within thirty (^0) days after the due date shall bear interest <br />from the due date at the rate of eight percent (8%) or such other <br />legal rate set by the Board of Directors. The Association may <br />bring an action at law against the Owner personally obligated to <br />pay the entire unpaid portion including costs of attorneys' fees <br />and interest/ or foreclose the lien against the property/ or <br />both/ and the costs and reasonable attorneys' fees of any such <br />action shall be added to the amount of such assessments and shall <br />also be secured by the lien of the assessment. No Owner may <br />waive or otherwise escape liability for the assessments provided <br />foz herein by the sale or abandonment of his Lot. <br />Section 11. Late Payment. If an Assessment is not paid on <br />cr before ten (10) days after the date when due/ the Lot Owner <br />shall be obligated to pay/ in addition to the interest required <br />under Section 9 of this Article/ a late Assessment service charge <br />under the following schedule: <br />11th to 30th day <br />after 30th day <br />$25.00 <br />$50.00 <br />The purpose of this fee is to compensate the Association for the <br />expense and inconvenience of collecting late Assessments/ bor­ <br />rowing to cover Association expenses and any other costs attri­ <br />butable to late payment. The Board shall collect these fees on <br />all late payments. The Board may increase/ but may not decrease <br />or eliminate/ the service charges set forth in this section in <br />the same fashion as is established for the adoption of other <br />rules and regulations. This penalty shall be added to the amount <br />of such Assessments and be secured by the lien of the Assessment. <br />Section 12. Subordination of the Lien to Mortgages. The <br />lien of the Assessments provided for herein shall be subordinate <br />to the lien of any first mortgage/ provided the mortgage was <br />recorded before the delinquent assessment was due. Sale or <br />transfer of any Lot shall not affect the assessment lien. How­ <br />ever/ the sale or transfer of any Lot pursuant to mortgage fore­ <br />closure or any proceeding or deed in lieu thereof/ shall extin­ <br />guish the lien of such assessments as to payments which became <br />due prior to such sale or transfer. No sale or transfer shall <br />relieve such Lot from liability for any assessments thereafter <br />becoming due or from the lien thereof. <br />- 11 - <br />r* <br />No <br />menced/ <br />exterio] <br />shall a <br />other li <br />ficatioi <br />locatioi <br />writing <br />to surr< <br />architec <br />tives a] <br />designat <br />further <br />(30) day <br />to itf <br />deemed t <br />Sec <br />and cond <br />lease si* <br />more tha <br />written <br />for less <br />the Asso <br />the pers' <br />assessmei