HomeMy WebLinkAboutFAHRENBRUCH LEISURE VILLAGE FOURTH - Filed DA-DEVELOPMENT AGREEMENT - 2004-08-13OMITTING RESTRICTIONS HEREIN, IF ANY, BASED ON RACE, COLOR,
SEX, RELIGION OR NATIONAL ORIGIN.
DECLARATION OF COVENANTS, CONDITIONS,
EASEMENTS AND RESTRICTIONS
FOR
FAHRENBRUCH LEISURE VILLAGE, FOURTH FILING
THIS DECLARATION, made this-9 day of _66ZZ
1978, by TEDD A. GATTEAU, STEVEN R. PICKELNER, D ID J.
PICKELNER, TERRY ALLEN MOORE and ROBERT J. MOORE, hereinafter
referred to as "Subdividers", its successors and assigns.
WITNESSETH:
WHEREAS, Subdividers are the owners in fee simple of
that certain real property situate in the City of Fort
Collins, County of Larimer, State of Colorado, as more fully
described on Exhibit "A" attached hereto and incorporated
herein by reference; and
WHEREAS, Subdivider desires to commence to replat and
subdivide the real property described in Exhibit "A" to be
known under the style and name of Fahrenbruch Leisure Village,
Fourth Filing; and
WHEREAS, Subdivider desires to create a multi -family
residential community with common use areas for the benefit
of said community; and
WHEREAS, Subdivider desires to provide for the main-
tenance of common use areas and to establish certain stan-
dards covering the subdivision by means of protective cove-
nants, restrictions and easements to insure the lasting
beauty, value and enjoyment of the property;
WHEREAS, Subdivider has incorporated under the laws of
the State of Colorado, a corporation not for profit, with
the style and name of Fahrenbruch Leisure Village, Fourth
Filing Homeowners Association (hereinafter referred to as
the "Association"), for the efficient preservation of the
values and improvements in said community, and shall delegate
and assign to said Association the powers of maintaining
roads and parking areas and the common use areas in Fahrenbruch
Leisure Village, Fourth Filing, and powers for maintaining,
administering and enforcing the covenants and restrictions
ARTICLE IX.
1. LIABILITY FOR COMMON EXPENSES UPON TRANSFER OF
LOT.
Section A. Upon payment of a reasonable fee not to
exceed TWENTY DOLLARS ($20.00) and upon the written request
of any member, any mortgagee, or any prospective mortgagee
of a lot, the Association shall issue a written statement
setting forth the amount of the unpaid expenses assessed to
such member, if any, the amount of the current assessment
and the period that the same covers and the date such
assessment becomes due, credit for advance payments or for
prepaid items, which statement shall be conclusive upon the
Association in favor of all persons who rely thereon in good
faith. Unless such request for a statement of indebtedness
shall be complied with within fifteen (15) days, all unpaid
common expenses which became due prior to the date of making
such request shall be subordinate to the lien of the person
requesting such statement.
Section B. 'The grantee of a lot shall be jointly and
severally liable with the grantor for all unpaid assessments
against the latter for his proportionate share of expenses
up to the time of the grant or conveyance, without prejudice
to the grantee's right to recover from the grantor the
amounts paid by the grantee therefor; provided, however,
that upon payment of a reasonable fee not to exceed TWENTY
DOLLARS ($20.00) and upon written request, any such prospe-
ctive grantee shall be entitled to a statement from the
Association setting forth the amount of the unpaid assess-
ments, if any, with respect to the subject lot, the amount
of the current assessment and the period that it covers, and
the date that such assessment becomes due, credit for advance
payments or for prepaid items, which shall be conclusive
upon the Association. Unless such request for a statement
of indebtedness shall be complied with by the Association
within fifteen (15) days of such request, then such grantee
shall not be liable for, nor shall the lot conveyed be
subject to lien for any unpaid assessments against the
subject lot..
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ARTICLE X.
THE REAL PROPERTY DESCRIBED IN EXHIBIT "A" FAHRENBRUCH
LEISURE VILLAGE, FOURTH FILING, SHALL BE AND HEREBY IS,
DECLARED SUBJECT TO THE PROVISIONS OF THIS ARTICLE CONTAINING
THE PROTECTIVE COVENANTS, BUILDING RESTRICTIONS AND ARCHITEC-
TURAL CONTROL COMMITTEE THAT SHALL GOVERN SAID SUBDIVISION.
LAND USE AND BUILDING TYPE.
No lot shall be used except for multi -family residential
purposes. No building shall be erected, altered, placed or
permitted to remain on any lot other than one (1) dwelling
unit for the number of units specified on the plat for each
respective lot. Any deviation from this must have written
approval from the Architectural Control Committee.
BUILDING LOCATION.
No building shall be located except within the building
envelope specified on the plat for each respective lot.
PERMITTED USES.
No noxious or offensive activity shall be carried on
upon any lot:, nor may anything be done which may be or may
become a nuisance or annoyance to the neighborhood. No
waste or materials of any kind may be stored on a lot except
for a reasonable term while a structure on said premises is
under construction. No campers, trailers, or boats shall be
stored or regularly parked in said subdivision without prior
committee approval. No trailer, farm machinery or motor-
cycles, or the like, may be stored, junked or otherwise
maintained in an idle or unworkable condition. Only those
vehicles and machines of good running condition which are
currently licensed and registered are permitted. The Architec-
tural Control Committee reserves the right to require a
fence or screened planting to surround open boat, automobile
or trailer storage area or require its removal from said
premises. All property and premises shall be kept in a
clean and sanitary condition at all times.
4. MINERAL EXTRACTION.
No mining or extraction of minerals shall be permitted
on any lot.
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5. WATER AND SANITATION.
(a) Any residence constructed on any lot shall be
connected with public water or sewage disposal system.
Privies, outhouses, chemical toilets, etc., are expressly
prohibited.
(b) No.residential unit shall be permitted on any lot
unless the same is provided with a garbage disposal or
garbage grinding unit, which unit or units shall be kept in
good working condition at all times and shall be used for
disposal of garbage and wastes.
(c) No lot shall be used or maintained as a dumping
ground for rubbish, trash, garbage, or any other form of
solid, semi -solid, or liquid waste. Rubbish, garbage or
other waste shall be kept and disposed of in a sanitary
container. All containers or other equipment for the storage
or disposal of garbage, trash, rubbish or other refuse shall
be kept in a clean, sanitary condition and shall be kept
inside the residence or individually housed. No trash,
litter or junk shall be permitted to remain exposed upon the
premises and' visible from public roads or adjoining or
nearby premises. Burning of trash will not be permitted.
6. OPE:N SPACE MAINTENANCE, LAWN SEEDING, AND LANDSCAPING.
(a) Each lot owner shall have the common use area of
the lot brought to grade, lawn seeded and landscape planted
(each in accordance with the landscape plan set forth in the
plat of the subdivision) within twelve (12) months from the
date a certificate of occupancy is issued for the milti-
family structure constructed on the lot. In the event an
owner shall fail to so proceed, the Association shall have
the right, through its agents, and employees, to enter, upom
said lot and to accomplish the necessary grading, seeding,
and landscaping thereon. The cost of such grading, seeding
and landscaping shall be added to and become part of the
assessment to which such lot and member is subject.
(b) Each lot at all times shall be kept in a clean,
sightly, and wholesome condition. No trash, litter, junk,
boxes, containers, bottles, cans, implements, machinery,
lumber, or other building materials shall be permitted to
remain exposed upon any lot so they are visible from any
neighboring lot or streets except as necessary during the
period of construction. In the event any structure is
destroyed either wholly or partially by fire or any other
casualty, said structure shall be promptly rebuilt or remodeled
to conform with those covenants; or if the structure is not
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to be rebuilt, all remaining portions of the structure,
including the foundations and all debris, shall be promptly
removed from the property.
(c) No elevated tanks of any kind shall be erected,
placed or permitted upon any part of said property. Any
tanks used in connection with any milti-family residence
constructed on said property, including tanks for storage of
gas or oil, must be below ground. All types of refrigerating,
cooling, or heating apparatus must be concealed. No garbage
or trash cans or receptacles shall be maintained in an
exposed or unsightly manner.
7. SIGNS.
No signs shall be located on said lots except signs
offering said property for sale or rent unless approval for
such other signs is obtained in writing from the Architectural
Control Committee, said Committee reserving the right to
disapprove all such requests for signs except those described
above.
8. ANIMALS.
No animals, livestock, cattle, swine, fowl or poultry
of any kind shall be housed, raised, or left on any tract or
property either temporarily or permanently, except commonly
accepted domestic household pets may be kept provided they
are not kept: or maintained for any commercial purpose.
9. EXTERIOR MAINTENANCE.
In the event an owner of any lot shall fail to maintain
the premises and the improvements situated thereon in a
manner satisfactory to the Board of Directors of the Association,
after approval of two-thirds (2/3) vote of the Board of
Directors, the Association shall have the right through its
agents and employees, to enter upon said parcel and to
repair, maintain, restore the lot and the exterior of the
buildings and any other improvements erected thereon. The
cost of such exterior maintenance shall be added to and
become part of the assessment to which such lot and member
is subject.
10. FENCES.
No fences shall be constructed within the subdivision
that will interfere with the use and enjoyment of the common
use area by those entitled to the use and enjoyment of the
same.
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11. ARCHITECTURAL CONTROL.
No building shall be erected, placed or altered on any
building lot:, nor shall any wall, fence or other enclosure,
be located thereon, until construction plans and specifi-
cations, including exterior colors for painted and stained
surfaces, plot plan and roadways have been submitted to and
have been approved by the Architectural Control Committee,
as to quality of workmanship and materials, harmony of
design with surrounding structures, exterior colors, and
location with respect to topography and grade.
Two (2) complete sets of plans and specifications with
complete detail shall be furnished to the Committee. The
Committee reserves the right to reject plans and specifi-
cations if they, in their sole discretion, deem them to be
incomplete or insufficient. The Committee shall retain one
set as part of its permanent files.
12. ME:MBERSHIP TO COMMITTEE.
The Architectural Control Committee is composed of Tedd
Gatteau, Steven Pickelner and Robert Moore, and such shall
not be entitled to any compensation for services rendered
under this covenant. In the event of the death or resignation
of any member, the remaining members shall have full authority
to designate a successor to fill the vacancy. If the remain-
ing members cannot agree on a successor, the appointment
shall be made by the Board of Directors of the Association.
13. PROCEDURE.
The Committee shall have the power to designate a
representative to act in its place and stead.
The Committee's approval or disapproval as required in
these covenants shall be in writing or indicated on the
builder's set of plans and specifications. In the event the
Committee or its designated representative, fails to approve
or disapprove within thirty (30) days after plans and specifi-
cations have been submitted to it, or in any event if no
suit to enjoin the construction has been commenced prior to
the completion thereof, approval will not be required and
the related covenants shall be deemed to have been fully
complied with.
14. COVENANTS TO RUN WITH THE LAND.
These covenants are to run with the land and shall be
binding on all parties and all persons claiming under them
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until January 1, 1988, at which time said covenants shall be
automatically extended for successive period of ten (10)
years, from time to time as each period ends, unless changed
as hereinafter provided.
15. PE,RIODS OF ENFORCEABILITY.
If the parties hereto, or any of them, or their heirs
or assigns, shall violate or attempt to violate any of the
covenants herein, it shall be lawful for any other person or
persons owning any real property situated in said develop-
ment or subdivision or for the Association to prosecute any
proceedings at law or in equity against the person or persons
violating any such covenant, and either to prevent him or
them from so doing or to recover damages or other dues for
such violations.
16. INVALIDATION.
Invalidation of any one of these covenants by judgment
or court order shall in no wise affect any of the other
provisions which shall remain in full force and effect.
ARTICLE XI.
1. REVOCATION OR AMENDMENT TO DECLARATION.
Except as is otherwise provided herein, this Declaration
shall not be revoked nor shall any of the provisions herein
be amended unless: (a) the consent and permission of the
Association be first obtained and (b) unless the consent of
two-thirds (2/3) of the membership of the Association be
first obtained.
THIS DECLARATION made a5d entered into in Fort Collins,
Colorado, this day of 19
r,
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STATE OF COLORADO )
) ss.
COUNTY OF LARIMER )
The foregoing instrument was acknowledged before me
thi sf25 day of 1978, by Tedd A. Gatteau,
Steven R. Pickelner, avid J. Pickelner,
and Robert J. Moore.
WITNESS my hand and official seal.
My Commission Expires: ` /15/115P91L
Notary Public
STATE OF IDAFO
COUNTY OF Bonner
On this 28th day of August, 1978, before me, the undersigned, a
<} pTotary Public in and for said State, personally appeared
f TERRY A. MOORE, knocrn to me to be the person who signed the fore—
goins instrument and acknowledged to me that he executed the same.
IN WITNESS 'hTEREOF, iIhave hereunto set my hand and affixed my seal
the 28th day of August of 1978.
Notary Public for State of Idaho
;Residing in Hope -therein. My Commission
e:Kpirea May. 22, 1982
Leonard W. Anderson
i
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EXHIBIT A
to Declaration of Covenants, Conditions,
Easements and Restrictions
for
Fahrenbruch Leisure Village, Fourth Filing
All of Lots 1, 2, and 3, according to and as shown on
the Plat of Fahrenbruch Leisure Village, Fourth Filing,
being a replat of Lots 12, 13, 14, and a part of Tract A,
Fahrenbruch Leisure Village, Third Filing, City of Fort
Collins, County of Larimer, State of Colorado.
and collecting and disbursing the assessments and charges
hereinafter created.
NOW, THEREFORE, Subdivider does hereby publish and
declare that the following terms, covenants, conditions,
easements, reservations, restrictions, uses, limitations and
obligations shall be deemed to run with the land situate in
the City of Fort Collins, County of Larimer, State of Colorado,
as more fully described in Exhibit "A" attached hereto and
incorporated herein by reference, and shall be a burden and
a benefit to Subdivider, its transferees, assigns, successors
and any person acquiring or owning any interest in the land
and improvements situate thereon, their grantees, successors,
heirs, executors, administrators, devisees and assigns, to -
wit:
ARTICLE I
1. DE'FINITIONS.
Section A. "Association" means Fahrenbruch Leisure
Village, Fourth Filing Homeowners Association, a Colorado
corporation not for profit, the articles and by-laws of
which shall govern the administration of the property described
in Exhibit "A". The members of the Association shall be all
the owners of lots in the real property described in Exhibit
"A" hereinafter sometimes called the "subdivision".
Section B. "Owner" means a person, firm, corporation,
partnership or other legal entity, or any combination thereof,
who owns one or more lots, including contract purchasers,
but excluding those having such interest merely as security,
for the performance of an obligation.
Section C. "Subdivision" means all that land described
in Exhibit "A".
Section D. "Property" means all that land described in
Exhibit "A".
Section E. "Common use area" means and includes all
real property dedicated to the Association for the common
use, benefit and enjoyment of all the members of the Asso-
ciation. The common use area dedicated to the Association
is described as:
E.a. All open space described and designated on
the recorded plat of Fahrenbruch Leisure
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Village, Fourth Filing, including all roads,
parking areas and easements.
Section F. "Common Expenses" means and includes main-
tenance, landscape, insurance, taxes, road repair, parking
area repair, operations, management and administration,
legal and accounting, expenses declared common expenses by
the provisions of this Declaration and by the by-laws and
articles of the Association, and all sums lawfully assessed
against the common use area by the Association.
Section G. "Lot" means any platted lot as shown on any
recorded subdivision map of the property, subject to common
use dedication thereof.
Section H. "Subdivider" means those persons first
named herein, their successors and assigns.
Section I. "Residence" means multi family dwelling.
ARTICLE II.
1. SUBDIVISION PLAT.
Section A. The Subdivider has developed a master plan
for the development into platted lots with common use areas
the land described in Exhibit "A" attached hereto. The plat
shall be filed for record in whole.
Section B. Subdivider reserves the right to amend a
previously recorded plat from time to time in order to
conform such plat to the actual location of any roads and
parking areas as constructed, and in order to vacate, extend
the use to other property, establish or relocate easements,
access roads and offsite parking areas including access to
the common use area.
Section C. Subdivider, the owner of all land described
in Exhibit "A", states that the property is used and occupied
for multi -family residential purposes, and does hereby
reserve the right to use all roads, easements and other
common use areas for the use and benefit of the tenants,
guests, invitees and its successors and assigns of the
property.
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ARTICLE III.
1. DEDICATION OF COMMON AREA.
Section A. The Subdivider by these presents does
hereby dedicate all common use area as shown on the plat of
the Subdivision to the Association for the use and benefit
of its members as more fully provided in this Declaration,
subject to utility easements and public access easements
shown thereon.
2. OWNERS RIGHTS.
Section A. Every owner shall have a non-exclusive
right and easement of enjoyment in and to the common use
area which shall be appurtenant to and shall pass with the
title to every lot, subject to the following provisions:
A.a. The right of the Association to charge reason-
able fees and assessments for maintenance of
common use area as defined in Article I,
Sections E;
A.b. The right of the Association to suspend the
voting rights and.right to use of the common
use area by an owner for any period during
which any assessment against his lot remains
unpaid;
A.c. The right of the Association to dedicate or
transfer all or any part of the common use
area and common facilities to any public
agency, authority or utility for such purposes
and subject to such conditions as may be
agreed to by the members of the Association.
No such dedication or transfer shall be
effective unless approved by two-thirds
(2/3) of the members of the Association.
A.d. The right of the Association to suspend the
use and enjoyment of any person for violation
of the rules and regulations governing the.
use and enjoyment of said common use area and
facilities.
Section B. The Association shall have the right and
power through its Board of Directors to adopt such rules and
regulations as it in its sound discretion shall determine
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from time to time to regulate and govern the use of the
common use area and improvements, provided however, that
said rules shall not be discriminatory.
Section C. Any owner may delegate in accordance with
the by-laws, his right of enjoyment to the common use area
and improvements to the members of his family, his tenants,
or contract purchasers who reside on the property.
ARTICLE IV.
1. ADMINISTRATION.
Section A. The administration of the property shall be
governed by the articles and by-laws of the Association
known as: Fahrenbruch Leisure Village, Fourth Filing,
Homeowners' Association, (a Colorado corporation not for
profit).
2. ASSOCIATION MEMBERSHIP AND VOTING RIGHTS.
Section A. Every owner of a lot shall become a member
of the Association upon acquisition of said lot. Membership
shall be appurtenant to and may not be separated from lot
ownership. Membership shall pass by operation of law upon
the sale of any lot, which sale may be by deed or by contract
for deed.
Section B. Subdivider, its successors and assigns,
shall have one (1) membership in the Association for each
lot owned.
Section C. Each member shall be entitled to one (1)
vote as more fully made and provided in the by-laws of the
Association.
3. INITIAL BOARD OF DIRECTORS.
Section A. As shown and reserved to Subdivider in the
Articles of Incorporation and By -Laws of the Association,
until December 31, 1978, the designation and appointment of
the Board of Directors for the Association may, at Sub -
divider's option, be exercised by the Subdivider.
ARTICLE V.
1. MAINTENANCE AND INSURANCE RESPONSIBILITIES.
Section A. The Association is charged with the duty
and responsibility of providing for the maintenance of such
roads and parking areas as are situate upon the property.
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Section B. The Association is charged with the duty
and responsibility of providing for the maintenance of the
common use area, open area, improvements and entrance ways
as designated on the recorded plat of said subdivision.
Section C. The Association shall maintain such insurance
coverage, as a common expense, as it in its sole discretion
shall determine from time to time.
2. DELEGATION OF RESPONSIBILITY.
Section A. The Board of Directors of the Association
may from time to time enter into such management agreements
or arrangements with such persons, firms or corporations as
it shall so elect to perform the duties of the Association
and shall pay such compensation for said services as it, in
its sole discretion, shall so determine.
ARTICLE VI.
1. ASSESSMENT FOR COMMON EXPENSES.
Section A. All members of the Association shall be
obligated to pay the estimated assessments imposed by the
Association to meet the "common expenses" attributable to
the property. Assessments for the estimated common expenses
shall be due monthly or at such other intervals as may be
set by the Association from time to time. The Association
shall prepare and deliver by mail to each member a statement
for the estimated expenses.
Section B. Contributions for assessments shall be
prorated if the transfer of a lot (membership) commences on
a date other than the first day of a month.
Section C. Assessments made for the common expenses
shall be based upon the cash requirements deemed to be the
aggregate sum the Association shall, from time to time
determine is to be paid by all of the members, including the -
Subdivider, to provide for payment of all estimated expenses
growing out of or connected with the maintenance or operation
of the common use area, roads and parking areas which sum
may include among other things, common expenses as set forth
in Article I, Section G, expenses for management, taxes and
special assessments, casualty and public liability and other
insurance premiums, landscaping and care of grounds, common
lighting, repairs and renovations, wages, water charges,
legal and accounting fees, management fees, expenses and
liabilities incurred by the Association under or by reason
of this Declaration, the payment of any deficit remaining
from a previous period and the creation of reasonable contin-
gency or other reserve sinking or surplus funds, as well as
other cost and expenses relating to the common area.
Section D. The assessment provided for herein shall
commence at the time of the conveyance of the first lot from
the Subdivider. The first assessment shall be adjusted
according to the number of months remaining in the period
for which the assessment is made. The Board of Directors of
the Association shall fix the amount of the assessment to be
made against each member at least thirty (30) days in advance
of the assessment period. The due date shall be established
by the Board of Directors and set forth in the notice of the
assessment.
Section E. In the event the Association fails to
maintain the common facilities or common area referred to in
this Declaration in a reasonable order or condition in
accordance with the original plan submitted with the final
subdivision replat, the City Council in and for the City of
Fort Collins, Colorado, may cause written notice to be
served upon the owners of property in the development setting
forth the manner in which the common facilities have failed
to be maintained in reasonable condition, which notice shall
include the demand that the deficiencies noted be cured
within thirty (30) days thereafter and shall state the date
and place of a hearing to be held within fourteen (14) days
of the notice. At the time of hearing, the City Council may
modify the terms of the original notice as to deficiencies
and may extend the time within which the same may be cured.
If the deficiencies set forth in the original notice or
modifications are not cured within the time set, the City
Council, in order to preserve the taxable values of properties
within the development and to prevent the common facilities
from becoming a public nuisance, may enter upon such common
facilities and maintain the same for a period of one (1)
year. Such entry and maintenance shall not vest in the
public any right to use the common facilities not dedicated
to public use. Before expiration of such year, the City
Council shall, upon its own initiative or upon the written
request of ithe organization theretofore responsible for
maintenance., call a public hearing and give notice of such
hearing to the organization responsible for maintenance or
the property owners of the development. At such hearing,
the organization responsible for maintenance and/or the
residents of the development may show cause why maintenance
by the City of Fort Collins should not be continued for a
succeeding year. If the City Council determines that it is
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not necessary for the city to continue such maintenance, the
city shall cease such maintenance at the time established by
the City Council. Otherwise the city shall continue mainte-
nance for the next succeeding year, subject to a similar
hearing and determination at the end of each year thereafter.
The cost of maintenance by the city shall be a lien against
the common facilities of the development and the private
properties within the development. The City Council shall
have the right to make assessments against properties in the
development on the same basis that the organization respon-
sible for maintenance of the facilities could make such
assessments. Any unpaid assessment shall be a lien against
the property responsible for the same, enforceable the same
as a mortgage against such property. The city may further
foreclose its lien on the common facility by certifying the
same to the County Treasurer for collection as in the case
of collection of general property taxes.
ARTICLE VII.
1. LIE,N FOR NON-PAYMENT OF ASSESSMENTS.
Section A. It shall be the duty of each member of the
Association to pay his proportionate share of the expenses
of administration, maintenance and repair of the common area
and facilities, and any other expenses set forth in this
Declaration. Payment thereof shall be in such amounts and
at such times as may be determined by the Association.
Section B. If any member of the Association shall fail
or refuse to make any such payment of the common expenses
when due, the amount thereof shall constitute a lien on his
lot as set forth in the deed of conveyance to him, together
with his interest in the common area, and upon the recording
of notice thereof by the Association, such lien shall be
constituted upon such member's (owner's) interest in said
lot prior to all other liens and encumbrances, recorded or
unrecorded, except only (a) taxes, special assessments and
special taxes theretofore or thereafter levied by any poll
tical subdivision or municipal corporation of this state and
other state or federal taxes which by law are a lien on the
interest of such owner prior to pre-existing recorded encum-
brances thereon, and (b) all sums unpaid on a first mortgage
or first trust deed of record, including all unpaid obligatory
sums as may be provided by such encumbrance, and including
additional advances made thereon prior to the arising of
such lien.
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Section C. To evidence such lien for unpaid assessments,
the Association shall prepare a written notice setting forth
the amount, the name of the owner of the lot and a description
of the lot. Such notice shall be signed on behalf of the
Association by an officer of the Association and shall be
recorded in the office of the Clerk and Recorder of the
County of Larimer. Such lien shall attach from the date of
recording in the office of the Clerk and Recorder of Larimer
County. Such lien may be enforced by the foreclosure by the
Association of the defaulting owner's lot in like manner as
mortgages on real property. The lien provided herein shall
be in favor of the Association and for the benefit of all of
the members of the Association. In any such foreclosure the
owner shall be required to pay the cost and expenses of such
proceedings, the cost, expenses and attorney's fees for
filing the notice or claim of lien and all reasonable attorney's
fees in connection with such foreclosure. The owner shall
also be required to pay to the Association the monthly
assessment for the membership during the period of foreclosure
and the Association shall be entitled to a receiver to
collect the same. The Association on behalf of the members
shall have the power to bid in the lot at foreclosure sale
and to acquire, hold, lease, mortgage and convey same. The
Association shall send to each first mortgagee a copy of the
notice of Bien provided for herein. Any encumbrancer holding
a lien on a lot may, but shall not be required to, pay any
unpaid common expenses payable with respect thereto and upon
such payment:, such encumbrancer shall have a lien on such
lot for the amounts paid, of the same rank as the lien of
his encumbrance.
ARTICLE VIII.
1. MEMBERS OBLIGATION FOR PAYMENT OF ASSESSMENTS.
The amount of the expenses assessed by the Association
against each member shall be the personal and individual
debt of the member at the time the assessment is made. Suit
to recover a money judgment for unpaid common expenses shall
be maintainable without foreclosing or waiving the lien
securing same. No member may exempt himself from liability
for his contribution toward the common expenses by waiver of
the use or enjoyment of any of the common areas, facilities
and roads, or by abandonment of his lot.
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