Covenant for Maintenance Assessments. Section 1. Creation of the Lien and Personal Obligation of Assessments. The Declarant, for each Lot owned within the Properties, hereby covenants, and each Owner of any Lot by acceptance of a deed therefore, whether or not it shall be so expressed in such deed, is deemed to covenant and agree to pay to the Association:
Covenant for Maintenance Assessments. Section One. Monthly or Annual Assessment for Maintenance Fund. For each Class A Site owned within the Properties, every Owner covenants, and each subsequent Owner of any such Site, by acceptance of a deed therefor, whether or not it is so expressed in such deed, is deemed to covenant and agree to pay to the Association monthly or annual assessments or charges for the creation and continuation of a maintenance fund in the amount hereinafter set forth, which may be levied by the Board of Directors of the Association. It is understood that prior to significant owner occupancy in any phase of Poplar Creek Estates, the Developer may provide for certain maintenance functions. However, the responsibility for maintenance of common areas lies with the Homeowners' Association and any voluntary maintenance action by the Developer during the early states of development does not constitute either a promise to continue such maintenance or establish a precedent for requiring the continuance of such maintenance.
Covenant for Maintenance Assessments. Section 1. Agreement to Pay for Maintenance. The Declarant, for each Parcel owned by it within the Subject Property, and each Owner of any Parcel, by acceptance of a deed therefor, whether or not it shall be so expressed in such deed, are deemed to have agreed to all of the covenants contained in this Declaration and expressly to covenant and agree to pay to the Association an annual assessment, which shall be in such amounts and payable at such times as determined by the Association, which assessments shall be used as required or deemed appropriate by the Association for the repair, maintenance and replacement of the Designated Maintenance Items, including the Wet Detention Pond. Such maintenance and repairs shall include, but not be limited to, the cost EXHIBIT C of repairs, replacements and additions, and the cost of labor, equipment, materials and management and supervision including a reasonable management fee (not to exceed five percent (5%) of such costs and expenses) to the Management Firm. The assessment also will provide for the procurement and maintenance of insurance, the provision of adequate reserves for the replacement of major structures incorporated into the Wet Detention Pond, taxes, such other needs as may arise, and any other charges incurred by the Association as provided in the Bylaws of the Association (the “Association Costs”).
Covenant for Maintenance Assessments. Section 1. Creation of the Lien and Personal Obligation of Assessments. Each Lot Owner, other than the Developer and any Builder, by acceptance of a deed therefor, whether or not it shall be so expressed in such deed, is deemed to covenant and agree to pay to the Association: (1) annual assessments or charges, and (2) special assessments for capital improvements, such assessments to be established and collected as hereinafter provided. The Developer and any Builder, for each Lot owned, hereby covenants to pay annual and special assessments in accordance with Section 7 of this Declaration. The annual and special assessments, together with interest, costs, and reasonable attorney's fees, shall be a charge on the Lot and shall be a continuing lien upon the Lot against which each assessment is made. Each such assessment, together with interest, costs, and reasonable attorney's fees, shall also be the personal obligation of the person who was the Lot Owner at the time when the assessment fell due. The personal obligation for delinquent assessments shall not pass to his successors in title unless expressly assumed by them.
Covenant for Maintenance Assessments. Section 1.
Covenant for Maintenance Assessments
