Agenda - 04-20-2018 6-a - Major Subdivision Preliminary Plat Application

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Page 49 of 51 proceeding, including reasonable attorneys' fees in any action to recover the same brought against such Lot Owner, or by foreclosure of the lien on such Lot. Default in payment of the Common Expenses assessed against any Lot will occur thirty (30) days after the due date thereof, if not then paid. Section 8.5.Foreclosure of Liens for Unpaid Common Expenses. The Board may bring a suit to foreclosure on a lien for unpaid assessments. A suit to recover money judgment for unpaid Common Expenses may be maintainable without foreclosing or waiving the lien securing the same. Section 8.6.Statement of Common Expenses. The Board of Directors will promptly provide any Lot Owner, its grantee to contract purchaser making written request therefore, a written statement of all unpaid Common Expenses due from such Lot Owner. Section 87.Rules of Conduct. Rules and Regulations concerning the use of the Common Area may be promulgated and amended by the Board. Copies of such Rules and Regulations will be furnished by the Board to each Lot Owner, and all amendments and new Rules and Regulations will be furnished to Lot Owners prior to the time that amendment or new rule or regulation becomes effective. ARTICLE IX RECORDS AND AUDITS The Board of Directors will keep detailed records of actions of the Board minutes of the meetings of the Board of Directors, minutes of the meetings of the Association, and financial records and books of accounts, including a chronological listing of receipts and expenditures, which, among other things, will contain the amount of each assessment of the Common Expenses against each Lot, the date when due, and amounts paid thereon, and the balance remaining unpaid and Common Expenses paid. The financial record and books of account will 98