Each
Villas Lot shall be assessed an equal amount by the Association (the
"Villas Lots Assessment") and each Remington Lot shall be
assessed an equal amount by the Association (the "Remington Lots
Assessment"), but the Villas Lots Assessment and the Remington
Lots Assessment need not be equal in amount. As more fully provided
in the Remington Covenants, each member is obligated to pay to the
Association annual and special assessments which are secured by a
continuing lien upon the property against which the assessment is
made. Any assessments which are not paid when due shall be
delinquent. If the assessment is not paid within 30 days after the
due date, the assessment shall bear interest from the date of
delinquency, as provided in the Remington Covenants, and the
Association may bring an action at law against the Owner personally
obligated to pay the same or foreclose the lien against the property,
and interest, costs, and reasonable attorneys' fees of any such
action shall be added to the amount of such assessment. No Owner may
waive or otherwise escape liability for the assessments provided for
herein by nonuse of the Common Areas or abandonment of his Lot. |