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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. 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. There 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 meeting at which a vote is to be <br />taken, each co -Owner or other person entitled to a vote 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rescinded.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 />Owner shall be in arrears in the payment of any amount due under <br />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 />suspended and shall remain suspended until all payments are brought <br />current and all defaults remedied. <br />7. Assessments. <br />A. Personal Obligation. Declarant, for each Lot owned <br />by it within the Property, hereby covenants, and each Owner -of a <br />Lot by acceptance of title by deed or otherwise therefor, whether <br />or not it shall be so expressed in any instrument of conveyance, <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 />payable in regular installments acid shall include, but not be <br />limited to, hazard and liability insurance for common property <br />(if any),and an adequate reserve fund for maintenance, repairs and <br />replacement of those elements of the common property that must <br />be replaced on a periodic basis, and (b) special assessments for <br />capital improvements, such assessments to be established and collected <br />