Beechwood Commons Covenants

ARTICLE IV

Section 1.  Creation of the Lien and Personal obligation of Assessments.  By acquiring an ownership interest in any lot in The Association, each purchaser or grantee and his, her or its heirs,  executors, administrators, successors and assigns agrees to pay to the Association:  (1) Annual Assessments; and (2) Special Assessments.  Each such person shall be deemed to have consented to make such payments and to have agreed to all the terms and provisions of this Declaration, whether or not a mention of such a provision was included in the contract, deed or other instrument by which he, she or it acquired title.  The annual and special assessments of the Association, together with such interest thereon and costs of collection thereof, as hereinafter provided, shall be a charge and shall constitute a continuing lien upon the lot and living unit against which each assessment is made.  Each such assessment, together with such interest thereon and cost of collection thereof, as hereinafter provided, shall also be the personal obligation of the person or persons or entity who held such ownership interest at the time when the assessment fell due.  In the case of co-ownership of a lot or living unit, all such co-owners of the lot or living unit shall be jointly and severally liable.

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