(continued from previous page)costs, and reasonable attorney's fees, shall be a charge on the land and shall he a continuing lien upon the Lot against which such assessment is made. The obligation for payment of assessments to the Association by each Owner of a Lot which is subject to assessment hereunder is an independent covenant, with all amounts due, from time to time, payable in full when due without notice (except as otherwise expressly provided in this Declaration) or demand, and without setoff or deduction. All Owners of each Lot which is subject to assessment hereunder shall be jointly and severally liable to the Association for the payment of all assessments, fees, charges, and interest attributable to their Lot. The lien may be enforced by foreclosure of the defaulting Owner's Lot by the Association in like manner as a mortgage on real property in any such foreclosure the owner shall be required to pay the costs and expenses of such proceedings, including reasonable attorney's fees. The Board of Directors or managing agent of the Association may prepare a written notice setting forth the amount of such unpaid indebtedness, the name of the Owner of the Lot, and a description of the Lot. Such a notice shall be signed by one of the Board of Directors or by the managing agent of the Association and may be recorded in the office of the Clerk and Recorder of the County of Douglas, Colorado. The lien for each unpaid assessment shall attach to each Lot at the beginning of each assessment period, and shall continue to be a lien against such Lot until paid. The costs and expenses for filing any notice of lien shall be added to the assessment for the Lot against which it is filed and collected as part and parcel thereof. Each assessment, together with interest, late charges, costs, and reasonable attorney's fees, shall also be the personal obligation of each person who was the Owner of such Lot, at the time when the assessment became due. The personal obligation for delinquent assessments shall not pass to such Owner's successors in title unless expressly assumed by them. The Association's lien on each Lot for assessments shall be superior to any homestead exemption now or hereafter provided by the laws of the State of Colorado or any exemption now or hereafter provided by the laws of the United States. The acceptance of a deed subject to this Declaration shall constitute a waiver of the homestead and any other exemption as against said assessment lien.

Section 2. Purpose of Assessments: The assessments levied by the Association shall be used exclusively to promote the recreation, health, safety and welfare of the residents of the Properties, and for all of those purposes and activities which may be required of the Association or which the Association may be empowered to do pursuant to the Master Declaration, this Declaration, or the Articles of Incorporation or Bylaws of the Association, including without limitation the improvement, repair and maintenance of the Maintenance Property and any other property.


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