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6.8 Due Dates of Assessments. Unless otherwise directed by the Board or unless accelerated as <br />described herein, the annual regular assessment shall be collected in twelve (12) equal monthly installments <br />and each installment shall be due and payable on the first day of each month. If any monthly installment is <br />delinquent, the Board, at its election, may accelerate the remaining installment payments so that the entire <br />remaining balance of the annual regular assessment is immediately due and payable. Special assessments <br />shall be due on such date or dates as selected by the Board. Reimbursement assessments shall be due and <br />payable ten (10) days after the Owner receives the notice of the reimbursement assessment. The notice shall <br />be deemed received on the date described in Section 12.13. <br />Any annual regular assessment installment (including any accelerated installments), special <br />assessment, or reimbursement assessment not paid within fifteen (15) days after the due date shall be <br />delinquent, shall bear interest at the rate of twelve percent (12%) per annum from thirty (30) days after the <br />due date until paid, and shall incur a late penalty in an amount to be set by the Board from time to time, not to <br />exceed the maximum amount permitted by Applicable Laws <br />6.9 Allocation of Regular and Special Assessments. Regular and special assessments levied by <br />the Board shall be allocated in equal amounts among the Residential Lots. <br />6.10 Enforcement of Delinquent Assessments. The Association may elect to pursue one or more <br />of the following remedies in the event of a delinquent assessment: <br />6.10.1 Personal Obligation. The Association may bring a legal action directly against the <br />Owner for breach of the Owner's personal obligation to pay the assessment and in such action shall be <br />entitled to recover the delinquent assessment or assessments, accompanying late charges, interest, costs <br />and reasonable attorneys' fees. Commencement of a legal action shall not constitute a waiver of any lien <br />rights as described in Section 6.10.2. <br />6.10.2 Assessment Lien. Except as otherwise provided in Section 6.5, the Association may <br />impose alien against the Owner's Lot for the amount of the delinquent assessment or assessments, plus any <br />costs of collection (including attorneys' fees), late charges and interest by taking the following steps: <br />(i) At least thirty (30) days prior to recording a lien upon the Owner's Lot to collect a <br />delinquent assessment, the Association shall notify the Owner in writing by certified mail of the following (the <br />"Delinquency Notice"): <br />(a) A general description of the collection and lien enforcement procedures of <br />the Association and the method of calculation of the amount, a statement that the Owner of the Lot has the <br />right to inspect the Association records, pursuant to section 8333 of the Corporations Code, and the following <br />statement in 14 -point boldface type, if printed, or in capital letters, if typed: "IMPORTANT NOTICE: IF YOUR <br />SEPARATE INTEREST IS PLACED IN FORECLOSURE BECAUSE YOU ARE BEHIND IN YOUR <br />ASSESSMENTS, IT MAY BE SOLD WITHOUT COURT ACTION°. <br />(b) An itemized statement of the charges owed by the Owner, including items on <br />the statement which indicate the amount of any delinquent assessments, the fees and reasonable costs of <br />collection, reasonable attorneys' fees, any late charges, and interest, if any. <br />(c) A statement that the Owner shall not be liable to pay the charges, interest, <br />and costs of collection, if it is determined the assessment was paid on time to the Association. <br />(d) The right to request a meeting with the Board as provided by <br />Section 6.10.2(v). <br />(e) The right to dispute the assessment debt by submitting a written request for <br />dispute resolution to the Association pursuant to the Association's "meet and confer" program required in <br />Article 2 (commencing at Civil Code section 5900) of Chapter 10 of the Davis -Stirling Act. <br />24 August 18, 2016 <br />