Agenda - Council - 08/11/1987 - Special

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- 30 - Documents, as a measure to enforce such Owner or Occupant's position, or for any other reason. Section 14.2 Sanctions and Remedies. In addition to any other remedies or sanctions, express or implied, administrative or legal, the Association shall have the right, but not the obligation, to implement any one or more of the following actions against Owners and Occupants who violate (or whose guests violate) the provisions of the Governing Documents: a. Impose interest charges at the highest rate allowed by law for any delinquent assessment payments. b. Impose administrative charges (in addition to interest), in amounts up to 25% of each delinquent installment for each such delinquent assessment payment. C. In the event of default of more than 30 days in the payment of any assessment or installment thereof, all remaining installments of assessments assessed against the defaulting Owner or Occupant may be accelerated and shall then be payable in full, forthwith at the call of the Board of Directors. Prior written notice of such acceleration shall be given to the defaulting Owner or Occupant. d. Impose reasonable monetary penalties for each violation of the Governing Documents, and the Rules and - Regulations and for the continuing violation thereof, other than delinquent assessment payments. e. Foreclose any lien arising under the provisions of the Governing Documents or under law, in the manner provided for the foreclosure of mortgages in the state where the Property is located. Any assessment, charges, penalties or interest imposed under this Article XIV shall be a lien against the Lot of the Owner or Occupant against whom the same are imposed in the same manner as a lien for Common Expenses, and shall also be a personal obligation of such Owner or Occupant. The lien shall attach as of the date of imposition of the remedy, but shall not be final