Agenda - Council - 08/28/2007 - Laserfiche WebLink

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.. .. ' - 30 - withhold any ass~ssments.d~c a~d Fayable ~o the Association, or take (or omit) other action in violation of the Governing 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 0:: implied, administrative or legal, th~ Association shall have the right, but not the obligation, to implement anyone or more of the following actions against Owners and Occupants who viol&~e (or whose guests violate) the provisions of the Governing Documents:. a. I~pose 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 installm~nt for each such delinquent assessmen~ payment. c. In the eVent of default cf more than 30 days in the payment of any assess~ent or installment thereof, all remaiuing installments of assessments assessed against the defaulting O~~er or Occupa~t may be a~celerated and shall then be payable in full, forthwith at the call of the Board of Directcrs. Prior written notice of such acceleration shall be given to the defaulting Owner or Oc cupant. G. Impose reasonable monetary penalties for each violat~on of the Governing Documents,. and the Rul'es' and ' Regulations and for the continuing violat~on thereof, other than delinquent assessment paymen~s. e. Foreclose any lien a=ising under the provisions of the Governing Documents or under law, in the manner provided for the foreclosure 0f mcrtgages iu the state where the Property is located~ Any assessment, charge, penalties or interest imposed under this Pxticle XIV shall be a lien against the Lot of the Owner or Occupant against whom the same are ~mposed in the same manner as a lien for Common Expenses, and shall also be a personal