Agmt02 Maria La Rocca Estates - Laserfiche WebLink

Browse Search

particular month's charge will also se~[re interest thereon, if the same is not paid when due, and cost ~ of suit and reasoD~Ble attorneys' fees to be fixed by the cou ~t if action or suit is brought to collect such charge. The pr.~.or.~.~ty of all such liens shall be in inverse order so that upon fozeciosure of the lien for a particular month's charge, any foreclosu ."e sale pursuant thereto will be made subject to all liens securin the respective monthly charge on such Lot for succeeding months. A re_~ular or special assessment, togethe3 with any late charges, reasonable costs of collection, and i~ tere~st, as assessed in accordance with Civil Code Section 1366, shall be a debt of the Owner of the Lot at the time when the asse ;sment or other sums are levied. Before an Association may placl a% lien upon a Lot to collect a debt which is past due un. [er this Article, the Association shall notify the Lot owner in ~iting by certified mail of the fee and penalty procedures of the Association, provide an itemized statement of the charges owed by he ,Lot owner, including items on the statement which indicate the ~rin~ipal owed, any late charges and the method of calculation, any ~tto"rney's fees, and the collection practices used by the Associat~ un, \~ncluding the right of the Association to the reasonable co,'~ts of collection. In addition, any payments toward such a debt s]~all first be applied to the principal owed, and only after the pr .ncipal owed is paid in full shall such payments be applied to knterest or collection expenses. The personal obligation for delinquent as ;essments will not pass to a Lot Owner's successor in title unles$ expressly assumed by such successor, but the lien for such deli~quent assessment shall remain and, if unpaid by such successi'~e Lot Owner, may be foreclosed as provided in this Declaration After a record Owner transfers record title to his Lot he will not be limble for any charqe thereafter assessed against such Lot. A contract seller of any Lot will continue to be li~le for al2. such charges until a conve~-~nce by him of the Lot subject to the assessment is recorded in the Office of the San Mateo County Recox der. Section 2 Re_~rular Monthl%_~ Assessments: Th~ Board shall establish regular monthly assessments for operation~d maintenance of the Project by the procedures established i~ this Section. The assessments for any Lot shall be due a~d payable in monthly installments on the first ~¥ of each month dc~,~,~encinq on the first of the first month following conveyance ~f the first Lot within day the Project. Regular assessments shall be 19vied in equal ~mounts against all Lots. 19