DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS
PAGE 32
ARTICLE V (cont.)
5.12. Receivers (cont.).
indebtedness secured by the lien described herein, (a) enter in or upon and take possession of the Unit or any part thereof, (b) in the Association's name sue for or otherwise collect such rents, issues and profits, including those past due and unpaid, and (c) apply the same, less allowable. expenses of operation, to any delinquencies of the Owner hereunder, and in such order as the Association may determine. The entering upon and taking possession of the Unit, the collection of rents, issues and profits and the application thereof, shall not cure or waive any default or notice of default hereunder or invalidate any act done pursuant to such notice.
5.13. Capital Contributions to the Association.
Upon the acquisition of record title to a Condominium from Declarant, each Owner of a Condominium shall contribute to the capital of the Association an amount equal to Fifty-Two Dollars and Fifty-Five Cents ($52.55), which is the amount equal to one-hundredth (1/100) of the product of two (2) monthly installments of Annual Assessments from the Phase I Budget (as reflected in the Final Subdivision Public Report for Phase 1), multiplied by eighteen (18), which is the number of Condominiums in Phase I. This amount shall be deposited by the buyer into the purchase and sale escrow and disbursed therefrom to the Association or to Declarant if Declarant has previously advanced such funds to the Association.
ARTICLE VI
6. Project Easements.
6.1. Access.
Declarant reserves for the benefit of the Owners reciprocal, nonexclusive easements for access, ingress and egress over all of the Common Property, including any private streets or driveways currently existing in the Property or subsequently added to it, which easements may be conveyed by Declarant to Owners for so long as Declarant owns any interest in the Property. Subject to the provisions of this Declaration governing use and enjoyment thereof, the easements may be used by all Owners and their guests, tenants and invitees residing on or temporarily visiting the Property, for walkways, vehicular access and such other purposes reasonably necessary for use and enjoyment of a Condominium in the Project.
6.2. Maintenance and Repair.
Declarant reserves for the benefit of the Board and all Association agents, officers and employees, nonexclusive easements over the Common Property and the Exclusive Use Area as necessary to perform maintenance, repairs and all other duties of the Association in accordance with the provisions of this Declaration.
6.3. Exclusive Use Area.
Declarant reserves for the benefit of certain Owners exclusive easements over the Project for use of the Exclusive Use Area, including without limitation for yard purposes as shown and assigned on the Condominium Plan or Plans for the Project.