Common use of Creation of the Lien and Personal Obligation of Assessments Clause in Contracts

Creation of the Lien and Personal Obligation of Assessments. 1. Each Owner for any lot, by said acceptance of a deed therefore, whether or not it shall be so expressed in such deed, is deemed to covenant and agree to pay: (1) the initial assessment, (2) annual assessments or charges, and (3) special assessments for capital improvements or losses, or for failure to maintain and repair, such assessments to be established and collected as hereinafter provided. 2. All assessments, together with interest, costs and reasonable attorney's fees shall be a charge on the lot and shall be a continuing lien upon the lot against which each such assessment is made. Each such assessment together with interest, costs and reasonable attorneys' fees, shall also be the personal obligation of the person who was the Owner of such lot at the time when the assessment fell due. The personal obligation for the delinquent assessment shall not pass to his successors in title unless expressly assumed by them, but no such assumption shall relieve any Owner personally obligated from his personal liability.

Creation of the Lien and Personal Obligation of Assessments. 1. Each Owner for any lotLot, by said acceptance of a deed therefore, whether or not it shall be so expressed in such deed, is deemed to covenant and agree to pay: (1) the initial assessmentassessment as stated in Section B below, (2) annual assessments or charges, and (32) special assessments for capital improvements or losses, or for failure to maintain and repair, such assessments to be established and collected as hereinafter provided. 2. All assessments, together with interest, costs and reasonable attorney's fees shall be a charge on the lot land and shall be a continuing lien upon the lot property against which each such assessment is made. Each such assessment together with interest, costs and reasonable attorneys' fees, shall also be the personal obligation of the person who was the Owner owner of such lot property at the time when the assessment fell due. The personal obligation for the delinquent assessment shall not pass to his successors in title unless expressly assumed by them, but no such assumption shall relieve any Owner personally obligated from his personal liability.

Creation of the Lien and Personal Obligation of Assessments. 1. Each The Declarant, for each Lot owned within the Properties, hereby covenants, and each Owner for of any lot, Lot by said acceptance of a deed therefore, whether or not it shall should be so expressed in such deed, is deemed to covenant and agree to paypay the Association: (1) the initial assessmentannual assessments, (2) annual assessments or charges, and (32) special assessments for capital improvements or losses, or for failure to maintain and repairimprovements, such assessments to be established and collected as hereinafter provided. 2. All The annual and special assessments, together with interest, costs costs, and reasonable attorney's fees ’s fees, shall be a charge on the lot land and shall be a continuing lien upon the lot property against which each such assessment is made. Each such assessment assessment, together with interest, costs costs, and reasonable attorneys' fees, attorney’s fees shall also be the personal obligation of the person who was the Owner of such lot the property at the time when the assessment fell due. The personal obligation for the delinquent assessment assessments shall not pass to his successors in the title unless expressly assumed by them, but no such assumption shall relieve any Owner personally obligated from his personal liability.