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05/07/91
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05/07/91
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Creation date
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Meetings
Meeting Document Type
Agenda
Document Title
Planning and Zoning Commission
Document Date
05/07/1991
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Qithhold any assessments due and payable to the Association, or <br /> <br />take (or omit) other action in violation of :he Governing <br /> <br />Documents, as a measure to enforce such Owner or Occupant's <br /> <br />position, or for any other reason. <br /> <br />Sec:ion 14.2 Sanctions and Remedies. In addition to any <br /> <br />other remedies or sanctions, ex-press or implied, administrative <br /> <br />or legal, the Association shall have the right, but not the <br /> <br />obligation, to implement any one or more of :he following actions <br /> <br />against O~aers and Occupants who violate (or whose gumsts <br /> <br />violate) the provisions of the Governing Documents: <br /> <br />Impose interest charges at the highest rate allowed by <br />law for any delinquent assessment payments. <br /> <br />impose administrative charges (in addition to interest), <br />in amounts uo to 25% of each delinquent installment for <br />each such deiinauent assessment payment. <br /> <br />In the event of default of more than 30 days in the <br />payment of any assessment or installment thereof, all <br />remaining installments cf assessments assessed against <br />the ' <br /> oe~=u!~ing O'~er or Occuoant may be accelerated and <br />shall then be payable in full, forthwith at the call of <br />the Board of Directors. Prior ~Titten notice of such <br />acceleration shall be given to the defaulting O~ner or <br />Oc cuoan~. <br /> <br />impose reasonable monetary oenalties for each violation <br />ef the Governing Documents, and :he Rules and <br />ReEu!ations and for the continuing violation thereof, <br />other than de!ineuent assessment payments. <br /> <br />?creclose any ~en aris~ ~ <br /> __ _n= under the orovisions of the <br />Gcve_--...in~ Documents or under ia~, in the manner orovided <br />f. ro the ~creclosure of mcrtga~es in the state ~here the <br />?rooertv is located. <br /> <br />Any assessment, charge, D.~==.ies or inzeres, iuoosed under <br /> <br />--his._~--~=~_~__ XiV she~.~ be a lien against the Lot of the O'~-aer cr <br /> <br /> <br />
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