certificate, shall be allowed to cast the vote for the subject Lot. A Lot which does not have on record with the secretary of the Association Office, a valid Voting Member Designation Certificate shall not be entitled to a vote; nor shall such Lot be counted as existing for the purpose of determining any percentage or fractions for voting purposes or for total outstanding votes or quorums under this Declaration or for the Association.

SECTION-1    Creation of the Lien and Personal Obligation of Assessments. The Declarant, for each Lot owned within the Properties, hereby covenants, and each Owner of any Lot by acceptance of the deed thereof, whether or not it shall be so expressed in such deed, is deemed to covenant and agree to pay to the Association all annual Assessments or charges and all Special Assessments, collectively referred to hereinafter as "Assessments", such Assessments to be established and collected as hereinafter provided in this Declaration. The Assessments, together with interest, costs, Board approved administrative charges, late fees as established from time to time by the Board of Directors and attorney's fees, shall be charged on the land and shall be a continuing lien upon the Lot against which each such Assessment is made. Each such Assessment, together with interest, costs, late fees, administrative charges and attorneys fees, shall also be the personal obligation of every person who was the Owner of such Lot at the time when the Assessment fell due.

SECTION-2    Purpose of Assessments.   The Assessments levied by the Association shall be used to promote the recreation, health, safety and welfare of the residents in the Properties and homes situated upon the Properties and to improve and maintain the Common Area and improvements thereon.

SECTION-3  Maximum Annual Assessments.   Until January 1 of the year immediately following the conveyance of the first Lot to an Owner (hereinafter the "initial year"), the maximum annual Assessment shall be one hundred twenty and No/100 Dollars (120.00), paid quarterly in advance or as the Board of Directors shall otherwise determine.

  (a)    From and after January 1 of the year following the initial year the maximum annual Assessment my be increased each year not more than ten percent (10%) above the maximum Assessment for the previous year without a vote of the voting members.

   (b) From and after January 1 of the year following the