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<br />- <br /> <br />(=. <br /> <br />L',..\,,;O':'- iA~L;(.8 I <br /> <br />':..-,-- <br /> <br />sufficient to opcruta llnd maintain 'the system and to estClblish <br /> <br /> <br />a capital reserve fund for reconstruction of the system as <br /> <br />may be necessary. The owners of all lots shall ~e mc~crs <br /> <br />of the Association: Shall be required to maintain membership <br /> <br />in such Association: shall be entitled to one (1) vote for <br /> <br /> <br />each lot owned; and Shall be required to pay assessments <br /> <br />levied. by the Association which assessments shall bp ~orated <br /> <br />equally among the pl~~~~n lots (including lots in the Second <br />--., <br />Filin~er recordation of a final plat). If the owner of <br /> <br />any lot fails, after demand, to pay any assess~ent l~vied by <br /> <br />therHomeowners Assoc~ation, then the Homeowners Associatioa <br /> <br />or Declarant, whichc~er incurred such costs, Shall have a <br /> <br />lie.n, from and after the time of notice' of such failure to <br /> <br />pay is recorded in tne Offic~ of tne County Cl~rk and Recorder, <br /> <br /> <br />against the lot of s~ch owner for the amount due and not <br /> <br /> <br />paid, plus interest t:rom the due date of payment at the rate <br /> <br />of nine per cent (9\) per annum, plus all cost$ and expenses <br /> <br />of collection, incluqing reasonable ~ttorney's fees. The <br /> <br />lien may be foreclos~d in the manner provided tor foreclosure <br /> <br />of mortgages in the State of Colorado. <br /> <br />16. Asses~ments: In addition to op~ration and <br /> <br />maintenance of the dOmestic wate~ sys~em, the ~s~ociation <br /> <br /> <br />may levy assessments to maintain" and operate the .irrigation <br /> <br />ditches and common a~eas, to promote the recreation, health, <br /> <br />safety 'and welfare o~ the residents of KINGS ROW SUBDIVISION. <br /> <br />Assessments may be u~ed for subdivision road maintenance if <br /> <br />deemed necessary or ~onvenient by the Association. Assess- <br /> <br />ments may be used ~"fo:t:' subdivision road maintenance if deemed <br /> <br />necessary or conveni~nt by the Association. Assessments shall <br />/"' <br />be levied uniformly ~gainst all lots in the subdivision whether <br /> <br />. '-. d <br />1mprovc <br /> <br />...... JH.,L. <br /> <br />r <br /> <br />17. Appro\ral of Structures: Ho structure shall <br /> <br />be placed upon or pe~mitted to remain upon any parcel, or <br /> <br />7 <br />