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09%03%2'010 18:08 IFA% EDENPRAIRIEREALTYFA%�CBBURNET.COM i Allison Van Sloo �039/041 duzing the last fifteen(1 S) days of May of that year. At the meeting so caileti, a majority of the Owners, voting in person or by proxy, shall have authority to adopt an annus! budget with respect to maiatenance o�'the Road. At such meeting, a majority of the Owners of the Lots shall have right to designate one of the Owners as the person authoriz�d to rece�ve paymem artd to inc�u aU expenses as set forth in the Budget, or as otherwise suthoriz.ed by a majority of the Owners at such meeting, for the maintena,nce of the Road. The budget so approved by a majority may be revised at any time upon majarity vote afte.r notice to all Owners of the lots at least fifteen(15)days prior io a meeting r,alted for such revision 3. In the.e�►errt any Owner fails or refuses to pay 6is perceatage share of the maintenance expenses from time to time authorized by a majority of the Owners as 1�erein provided, such unpaid amount shall be a lien (subordinated to fust mortgages) against that Lot whose Qwner has not paid, until the same is fully paid, with interest ihereon from the mne payment was due until payment or collection ai the rate of eight percent (8%} per annum; aad the remaining 4wners, upon majority vote, shall have t�e right and authority to 51e a lien statement evidencing the unpaid sum, foreciose the lieq and seu the Eot svbject to the lien in order to recover such unpaid maintenance expenses•together with accrued interest. 4. Nothing contained herein shall prevent any Ovmer unilateraqy and at his sole cost and expense to mainiain any portion of the Road. The foregoing authority is apeafic.ally gamed so as to permit ar�y Owner to cause maintenance of the Road to be done in excess of the annual budget authorized as grovided herein. 5. All benefits and burdens under this Agreement are intended to and shall run with the land aad shall inure to and bind not only each Owner but also the heirs, successors and assigns of each Owner. 6. This Agreement may be amended only by a writing signed by all of the Owners of the Lots. 7. In the event that the Owners of the property fail to maintain the Roadway. ia compliance with the the appGcable provisions of the Code, the City of Ocono may undertake such maintenance and may assess the cost of such maintenanc� against each Lot in et�ual, proportionate shares. No such maintenance conductecf by ihe City will cause the Roadway to become a public roadway. Such assessment sha11 be and becume a lien upon the Lot until paymeni in full has been made. �1 WITNESS REOF this instrument as been exe�uted by the undersigned this j,3 day of �� 199 ame P. eanovic eborah W. Deanovic Page 2 af 3