Orange County NC Website
i <br /> 13 <br /> area of all of the Units in the Condominium. <br /> (b) The percentage of liability for Common Expenses (and Limited Common <br /> Elements)allocated to each Unit is 53.6%for the County and 46.4%for the Town_and <br /> is based on the relative floor area of each Unit as compared to the floor area of the two <br /> (2) Units in the _Condominium._ Nothing contained in this Subsection shall prohibit <br /> certain Common Expenses from being apportioned to particular Units under Article <br /> IV of this Declaration. <br /> (c) TheExcept for an Amendment to this Declaration which is subject to the <br /> requirements of Article XI, Section 5 below, the vote in the Association allocated to <br /> each Unit is 50% and is not based on the relative floor area of each Unit as compared <br /> to the floor area of all of the Units in the Condominium. <br /> Section 3:--The effective date for assigning Allocated Interests to Units created pursuant to <br /> Declarant rights hereunder shall be the date on which this Declaration, Plats and Plans <br /> creating the Units is recorded in the Registry of Orange County, North Carolina and <br /> the two (2) Units created by Declarant are established and conveyed as set forth in <br /> Article I, Section 5. <br /> ARTICLE IV <br /> ASSESSMENT AND COLLECTION OF COMMON EXPENSES <br /> Sectio 1:_The Declarant, for each Unit owned within the Property, and each Unit Owner by acceptance of a <br /> deed therefore, whether or not it shall be so expressed in such deed, hereby covenants and agrees <br /> to pay the Association: (1) annual assessments or charges, and (2) special assessments for capital <br /> improvements and for the maintenance, reconstruction and repair of Common Elements. _For so <br /> long as the Town and/or County own all Units of the Condominium, the Unit Owners may, upon <br /> written agreement, make proportional direct payments toward common expenses, capital <br /> improvements, maintenance, reconstruction and/or repair directly to vendors and other providers <br /> rather than assessments paid to the Association, provided that the allocation of direct payment to <br /> vendors or other providers by each Unit Owner is in accordance with Article III, Section 2(b). <br /> Except as provided in Section 2 of this Article IV,the liability of each Unit Owner for the Common <br /> Expenses of the Association shall be in accordance with <br /> 44 <br />