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<br />;[~g[978AD8:~'i~II6r\w~'/f~rm:s.~~'s?~-~t7f6~rth!ttr~i3W;7 <br /> <br />lillilllflllll'I~~I'II~;;"i' <br /> <br /> <br />3ni{'a'greed that CH shalJ have the absolute' right to' submit such Development to <br />:DFlqomlnlum ownerslllp and thereafter assignin such rights and obligations under this <br /> <br /> <br />;;iflli:iiiit~;~:l~r~tl~A!l!!!~I" <br /> <br /> <br />5. CH, its successors and assigns shall pay all taxes, assessments and <br />impositions all or pertaining 10 the Property before they become delinquent. Such <br />obligation shall be conditioned upon The Association fulfilling its obligations hereunder. <br /> <br />6. The Association shall pay to CH, Its successors or assigns, its proportiDnate <br />share of taxes, ass~~~mo.~.[ij~!.Jm,E.?sjtionsf In9uran.~,o.ffi-,!intenanc:e, upkeep an~,Ln:~pair <br /> <br />Si1.~ff1!if.ii:ri2~~,ql~T.i!~~j~~i'"~':'.,.,'::~fi~~'~~~5f~~~~~rrfq!~TIl~~~~~a~[p~:r~~,~~~~l <br /> <br />advance) based upon the m6sfcurren1/nformation, to be adjusted withIn 30 days after <br />receipt of actual bifls or statement6, Nonrecurring expenses shall be paid by the <br />p.ssoclatlon to CHI its successors and assigns, within 30 days of submission of <br />statements or bills for suoh nonrecurring expenses. Until such time that CH, Its <br />successors or assigns, shall develop the Property as defined' above it shall be <br />conclusively presumeq that the Associationls share of taxes, assessments, Impositions, <br />insurance, malntenancE!, upkeep and repair of the Property shall be one hundred percent <br />(100%) of all of the said costs. <br /> <br />7. CH, its successors and assigns shall have a lien upon the non-exclusive <br />easement granted hereby to secure any sums owed to it by the Association pursuant to <br />the terms hereof.' The Hen(s) referred to in this paragraph, in favor or CH, its successors <br />and assigns, may be foreolosed as if such lien(s) was a mortgage. <br /> <br />. - <br />. B.o Subject to the rights of the AssoclL3tion, its successors and assigns hereunder, <br />CH, Its 5ucc;essors and assIgns, shaH have the right to convey fts fee simple title to the' <br />Property and to place mortgages, Hens or encumbrances upon and to hypothecate the <br />Property. <br /> <br />9. CH and the Association agree to execute and deliver sU,ch instruments and <br />take elf actions necessary EllJ9 reasonable as requested from each other, or as may be <br />required from time to time in order to carry out the intent of this instrument. <br /> <br />2 <br />