the Members or Directors, may be taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed, either before or after such action, by all of the Members or Directors entitled to vote with respect to the subject matter thereof.

Article X

Covenant for Maintenance Assessment

Section 1.   The Declarant, for each Lot owned within the Properties, has covenanted and each Owner of any Lot by acceptance of a deed therefor, whether or not it shall be so expressed in such deed, is deemed to have covenanted and agreed to pay to the Association: (1) annual assessments or charges, and (2) special assessments for capital improvements, such assessments to be fixed, established and collected from time to time as hereinafter provided. The annual and special assessments, together with interest, costs and reasonable attorney’s fees, shall be a charge on the land and shall be a continuing lien upon the property against which each such assessment is made. Each such assessment, together with interest, costs, and reasonable attorney’s fees, shall also be the personal obligation of the person(s) or entity who was the Owner(s) of such property at the time when the assessment fell due. The personal obligation of an Owner shall survive any foreclosure or deed taken in lieu thereof by a mortgagee.

Section 2.   The assessments levied by the Association shall be used for the following purposes: to promote the recreation, health, safety and welfare of the residents in the Properties; to maintain and improve the Common Area; to undertake, discharge and perform its duties, responsibilities and obligations created and established by the Declaration; to pay real estate taxes and other charges and expenses related to the Common Area; to pay the operating costs and expenses of the Association, including attorney’s fees, accountant’s fees and taxes as applicable; and, for such other purposes deemed advisable and proper by the Board of Directors to carry out the responsibilities of the Association as provided herein.

Article XI

Assessments

Section 1.   There shall not be any annual assessments until the 1995 calendar year. Beginning in 1995, the maximum annual assessment, which may be established by the Board of Directors, shall be $240.00 per year for Class A members.