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,.. .,.. � • • � I - i ' I � . 6.4.3 In addition to annual Assessrrzents and special Assessments,the Boar has - the authority to {and, in certain instances set forth in this Section 6.4, shalI) levy and ' allocate iimited Assessments among only certain Units in accordance with the follo ing requirements and procedures. . 6.4.4 The�osts of insuranee may be assessed in proportion of the square fo tage or actual cost�er Unit. � i - i 6.4.5 Reasonable attomeys' fees and other costs incurred by the Associati n in � connection with (i) the collection of Assessments and (ii) the enforcement o the Coverning Documents, the Act, or the Rules and Regulations, against an Own r or Occupant or their tenant�or guests,may be assessed against the Owner's Unit. 6.4.6 Late charges, .fines, and interest may be assessed as provide in �ection 14. 6.4.7 Assessments levied under Section S15B3-1 ib(a) of the Act to p y a judgment against the Association may be levied only against the Units existing a the time the}udgment was entered, in proportion to their Common Expense liabilities. 6.4.8 If any damage to the.Common Elements or another Unit is caused b the act or omission of any Owner or Occupant, or their guests•or envitees, the Associ tion rmay assess the costs of repairing the damage, or any increase in insurance rates dir ctly �ttributable ta the Act or omission,exclusivety against the Owner's Unit to the extent that - the damage is not covered by insurance. 6.4.9 lf Common Expense liabilities are reallocated for any purpose autho �zed by the Act, Assessments and any instal]ment thereof not yet due shall be reca]culat d in accordance with the reallocated Common Expense liabilities Assessr�pents levied under Sections 6.4.1 through 6.4.8 may, at the Board's discretion be assessed as a part of,or in addition to,other Assessments levied under Section 6.] or 6.2: _ � 6.5 Workin�Capital Fund. There shall be established a working capital fund to eet • � unfores�en expenditures ar to purchase additionat equipment or services for the Associa ion. � The Board may include in each subsequent annual budget a reasonable amount of wor ing capital, hased upon the anticipated needs of the Association for the year in question. There hall be contributed by the purchaser of a Unit, on a one-time basis upon the initial sale of each nit by Decl�rant, an amount equal to four monthly installments of the estimated annual Assess ent for the Wnit in the year of the sale. The contribution shali be paid at the earlier of(i)the ti e of closing af sale of the Unit or (ii)the time of termination of the Declarant Control Period. The contributions to this fund are in addition to the regular installments of annual Assessments, and shall na# be a credit to the regular installments of annual Assessments levied against the respective Unit. The funds shall be deposited into a s�gregated Association account no later han the termination of the Declarant Control Period. Funds deposited in said account shall n t be used to defray any of Declarant's expenses, reserve contributions or construction costs, n r to make up any budget deficits during the Declarant Control Period. However, upon the closin of the initi�l sale of a Unit, Declarant may reimburse itself from funds collected from the purch ser A1PLS-Word 95281.i f 9 I