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spon-Area,that <br />yable <br />more <br />ually <br />d tor <br />or 5 <br />an 30 <br />t the <br />oxies <br />ss of <br />urn is <br />same <br />quent <br />b the <br />more <br />ments <br />ecial <br />wners <br />nable <br />ility <br />eters <br />areas <br />nter- <br />con- <br />t and <br />y the <br />set- <br />bsec- <br />11 be <br />feet <br />backs <br />rear <br />with <br />com- <br />with- <br />rive- <br />way leading from the private road to the garage^ provided that the cleared right-of-way of the driveway shall not exceed 20 feet 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 (30) 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 />for herein by the sale or abandonment of his Lot. <br />S^ection 11. Late Payment. If an Assessment is not paid on <br />or 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 adoptio^l 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 or 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 />’ •• • J <br />!• <br />1'/:^ . . <br />1 <br />ty <br />Kla <br />' • . 'll.. <br />iit <br />■ .y <br />mm <br />'i <br />4 mm <br />No k <br />menced, e <br />exterior <br />shall anj <br />other Ian <br />fications <br />location < <br />writing a: <br />to surrou <br />architect! <br />tives app <br />designate! <br />further i <br />(30) days <br />to it, ai <br />deemed to <br />Sectj <br />and condit <br />lease shai <br />more than <br />written a] <br />for less t <br />the Associ <br />the person <br />assessment: