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12 <br /> thereafter becoming due or from the lien thereof. <br /> Section 4: The annual assessments levied by the Association, , shall be used exclusively to <br /> promote the recreation, health, safety and welfare of the Unit Owners, its <br /> employees, servants, guests, invitees and lessees and in particular for the <br /> acquisition, improvement and maintenance of the condominium, services and <br /> facilities devoted to this purpose, and for the use and enjoyment of the Common <br /> Elements. <br /> Section 5: The annual assessment shall be at the actual cost required for maintenance, repair <br /> and operation of the Condominium. This provision shall remain effective during <br /> such time that the Units are owned by the County and Town. <br /> Section 6: Both annual and special assessments, if any, required shall be at the actual cost <br /> and promptly paid by the Unit Owners. <br /> Section 7: The annual assessments provided for herein shall commence upon the <br /> conveyance of the units to the Town and County. <br /> Section 8: Prior to the Town or County conveying any Unit to a third-party, an Amendment <br /> to Article IV of the Declaration will be filed to amend the provisions herein to be <br /> consistent with the needs and requirements of Unit ownership not held by the <br /> Town or County. <br /> ARTICLE V <br /> UNIT BOUNDARIES AND PARTY WALLS <br /> Section 1: All finish flooring and any other materials constituting any part of the finished <br /> surfaces of the walls, floors, or ceilings are a part of the Units, pursuant to G.S. § <br /> 47C-2-102(1). To the extent any duct, wire, conduit, or any other fixtures lies <br /> partially within and partially outside the designated boundaries of a Unit, any <br /> portion thereof serving only that Unit is a Limited Common Element allocated <br /> exclusively to that Unit, and any portion thereof serving more than one Unit or <br /> any portion of the Common Elements is a part of the Common Elements, <br /> pursuant to G.S. §47C-2-102(2). Any decks, porches, balconies, patios and <br /> doors within the building or other fixtures designated to serve a single Unit but <br /> located outside the Unit's boundaries are Limited Common Elements allocated <br /> exclusively to that Unit. For purposes of clarification, the ducts, wire and <br /> 10 <br />