11-09-2015 Council Packet - Laserfiche WebLink

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CSG bed. r to the lien of any first mortgage, except as provided in Section 5153.3-115 of the Act. Sale or transfer of any Lot shall not affect the assessment lien. No sale or transfer shall relieve ,such Lot from liability for any assessments thereafter becoming due or from the lien thereof. Section 10: Initiation Fee. Each initial purchaser of a Lot from the Declarant shall pay to the Association an initiation fee in an amount equal to two (2) times the then estimated monthly common expense assessment against the Lot. Said payment is not a deposit or advance payment of assessments which the purchaser is otherwise required in this Declaration to pay to the Association, but is rather a payment to a working capital fund established by the Association for the initial months of its operations. ARTICLE IV. DUTIES OF ASSOCIATION the Association shall provide for maintenance upon the Lots and Common Elements as follows: exterior maintenance upon each Lot which is subject to assessment hereunder, snow removal, paint, repair, replace and care for roofs, gutters, downspouts, exterior building surfaces, trees, shrubs, grass, walks, irrigation systems and other exterior improvements. Exterior maintenance shall not include glass or electricity for exterior garage lights. In the event that the need for maintenance or repair is caused through the willful or negligent act of the Owner, his family, or guests, invitees, or lessees, the cost of such maintenance or repairs shall be added to and become a part of the assessment to which such Lot is subject. The Association shall enforce the covenants, conditions and restrictions set forth herein and any amendments hereto and any rules and regulations adopted by the Association. The Association may provide for trash removal services and a master or common Policy of property insurance for all Lots within the Association. The Association shall undertake, at its discretion, such further duties as determined by the Board of Directors. ARTICLE V. PARTY WALLS Section 1. General Rules of Law to Apply. Each wall which is built as a part of the original construction of the homes upon the Properties and placed on the dividing line between the Lots shall constitute a party wall, and, to the extent not -7-