3(c) Conditional Use Permit "The Range" Resort Development LLC/Premier Homes

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(g) Assessments levied under Section 515B.3-116 of the Act to pay a judgement against the Association may be levied against the Units existing at the time the judgement was entered,in proporlion to their Common Expense liabilities. (h) If any damage to the Common Elements or another Unit is caused by the acts or omissions of any Owner or Occupant, or their tenants or guests,the Association may assess the costs of repairing the damage exclusively against the Owner's Unit to the extent not covered by insurance. (i) If any installment of an assessment becomes more than 30 days past due,then the Association may, upon 10 days written notice to the Owner,declare the entire amount of the assessment immediately due and payable in full. (j) If Common Expense liabilities are reallocated for any purpose authorized by the Act, common Expense assessments and any installment thereof not yet due shall be recalculated in accordance with the reallocated Common Expense liabilities. (k) Assessments under Subsections 6.1a-j shall not be considered Special Assessments as described in Section 6.3. 6.2 Annual Assessment. Annual assessments shall be established and levied by the Board, i subject only to the limitations set forth in Section 6.2 and 6.3. Each annual assessment shall cover all of the anticipated Common Expenses of the Association for that year. Annual � assessments shall provide,among other things,for contribufions to a separate reserve fund sufficient to cover the periodic cost of maintenance, repair and replacement of the Common Elements and those parts of the Units for which the Association is responsible. (a) Unfil a Common Expense is levied, Declarant shall pay all accrued expenses of the I common interest community. � (b) After a Common Expense assessment is levied,the annual assessment may be �� subsequently increased by the Board,subject to Section 6.2 c. i c Until the termination of the eriod of Declarant Control described in Section 15.7, � ) p the increase in the annual assessment for any year shall not exceed the greater of 5%of the total annual assessment for the Association's previous fiscal year, unless such increase is approved by the vote of a majority of those Owners voting, in � person or by proxy,at a meeting called for that purpose. Written notice of the I meefing shall be sent to all Owners not less than 21 days, nor more than 30 days in advance of the meeting. 6.3 Soecial Assessment. In addifion to annual assessments,and subject to the limitations set forth hereafter,the Board may levy in any assessment year a special assessment against all 10 �