Orange County NC Website
55 <br /> including reasonable attorney's fees incurred by the Board in any proceeding brought to collect <br /> such unpaid Common Expenses. The Board will have the right and duty to attempt to recover <br /> such Common Expenses, together with penalties and the interest thereon and the expenses of the <br /> proceeding, including reasonable attorneys' fees in any action to recover the same brought <br /> against such Lot Owner, or by foreclosure of the lien on such Lot. <br /> Default in payment of the Common Expenses assessed against any Lot will occur thirty <br /> (30)days after the due date thereof, if not then paid. <br /> Section 8.5. Foreclosure of Liens for Unpaid Common Expenses. The Board may <br /> bring a suit to foreclosure on a lien for unpaid assessments. A suit to recover money judgment <br /> for unpaid Common Expenses may be maintainable without foreclosing or waiving the lien <br /> securing the same. <br /> Section 8.6. Statement of Common Expenses. The Board of Directors will promptly . <br /> provide any Lot Owner, its grantee to contract purchaser making written request therefore, a <br /> written statement of all unpaid Common Expenses due from such Lot Owner. <br /> Section 87. Rules of Conduct. Rules and Regulations concerning the use of the <br /> Recreation Space may be promulgated and amended by the Board. Copies of such Rules and <br /> Regulations will be furnished by the Board to each Lot Owner, and all amendments and new <br /> Rules and Regulations will be furnished to Lot Owners prior to the time that amendment or new <br /> rule or regulation becomes effective. <br /> ARTICLE IX <br /> RECORDS AND AUDITS <br /> The Board of Directors will keep detailed records of actions of the Board minutes of the <br /> meetings of the Board of Directors, minutes of the meetings of the Association, and financial <br /> Page 47 of 50 <br />