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i
<br />4
<br />6,4,6.. Late charge, Vines and inte~~est nay b~ assessed as provided in
<br />section l~. .
<br />Assessments levied under Section ~15B.3-116~a~ of ~~IOA to pay a
<br />6,4.7.
<br />' meat a ai~.st the Association nay be levied only against the Units existing at tha
<br />~u~g ~ ~ ~h it ~an~non ~~ erase l~abilsties.
<br />time tine ~~udgmcnt was entered, in propart~on to t e p
<br />darna e tQ the ~oYTI'n~On ~Ele~ments, Limited Common Elements or
<br />6,4,8. Zf~any g .
<br />other Unit or sn.y portion of the OV~111er'~ Unit that the Association is obligated to
<br />an
<br />'ntain hereunder is caused by. the act or omission of any Owner or Occupant, or they ~ .
<br />rr~a1
<br />sts tlae Assoaiad.an may assess the costs of repairing the damage e~clus~vely aga~~nst
<br />. gr.~c .
<br />the Owner's Unit to the extent not covered by insurance.
<br />vied .der Sections 64.1 through 6,4,8 nay, at the Eaard's discretion, be ~.,
<br />Assessments le
<br />' ' n. to the Assessments levied under Section ~, ~ or ~.~,
<br />assessed as a part of, ar in addit~o i..
<br />,.
<br />' Tra,~asfer FeeF Far urposes of funding the .Association's on- ~
<br />6•~~ warl~n Ca stall p be aid to the ~ ~
<br />` re lacement resertres and. related needs, the follaw~ng amounts .shall p ~ ~
<br />going p
<br />' n the sale of Units a,~er the effective date of this ~7eclaration. [finless nthervv~se
<br />.Assaclat~on upa ~
<br />' ~ eed in wrl~n b ~e Eoard, the Association shall charge ~ collect a "Tra~asfer I
<br />~1n~m.eusly agr g Y
<br />"~~ accordance with the requirements of this Section 6.5,
<br />Fee ~n
<br />. ~ of the effective date of this ~eclaratian shad be an ~ .
<br />G.5,1, The Transfer Fee ~~ The Transfer ~
<br />to two-mont'h's Assessments for the Unit being tr~.nsferre~, ~
<br />amount equal
<br />n ed for an future caler~dax yeal• by the vote of seventyMfive percent of ' .
<br />Fee maybe cha g Y
<br />tubers of the Boarrd.. The 'fxansfer Fee shall not be erechted against anY
<br />the me
<br />Assessment due VV1t~l ~~~peGt td ~e Unit,
<br />of titls to a Unit exclusive of exempt transfers under
<br />6.5,x, Upon each transfer ~ ~
<br />e T~~.nsfer Fce shall be cha~'ged to ~e buyer o~'the Urnt and shall be
<br />Section 6.S,b.~lv)), th ~
<br />. ~ ~ sin of the transfer, if not paid at~ closings ~e €
<br />payable to the Assoc~at~an at the clo g ,. ~ i
<br />d shall be a continuing personal obligation of the r
<br />obltgat~an shall survive the closing an or her Unit shall ¢
<br />~ the Unit and a lien against the Unit. Each Owner selling his
<br />er o ~
<br />buy
<br />n's Sea~~eta or other designee at least 15 days prior to the
<br />notify the Assoc~atta ~' r the ra osed date and place of
<br />scheduled closing au.d provide ~e natn~ of the buye , p p
<br />clasin ,and ~y other infortnnation the Board may ~'easonab y requ~re•
<br />g
<br />Fees ma be used to fund that Fo~ion al" the annual
<br />. 6.5.~~ The Transfer Y ~ d for related
<br />re lacement xeserves not funded by annual or special Assessments, or use . , . ,
<br />~ be used to en a e ~n l~tlgat~on,
<br />ores app~'oved by .the $oard. Transfer Fees shall not g g
<br />p , , .. iri lobb in , ratest~.~, or taping or assertirxg a
<br />or in at~y political activity, ~nclud g Y g p ~
<br />osit~on, in any planning or ~on~g matter, ~ ~ :
<br />F
<br />' the above no Transfer Fee shall be levied upon the
<br />6,x,4, Notw~thstand~ng ~ ~
<br />. ~
<br />llowin transfers of title to s. Unit ~"exempt transfers");
<br />fo g ~
<br />~l~ by or to a declarant; ~ '
<br />. ~ ~
<br />-W'or~ Z0218Q,~ ~ 4 l
<br />~~~
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