Interest on unpaid Assessments
All assessments are due on the first of the month. Assessments not received by the 15th of the month will be considered delinquent and interest on unpaid assessments at the rate of 18% per annum will be automatically applied.
NOTE: The assessment levied by the Spring Woods Mobile Home Subdivision Homeowners Association Inc shall be used exclusively to promote recreation, health, safety and welfare of the residents and for improvements and maintenance of the common areas. Annual assessments shall include, and the association shall acquire and pay for out of the funds derived from annual assessments the following: garbage, recycling, horticulture, streetlights, pool, common areas, clubhouse, et cetera, as outlined in the Spring Woods Mobile Home Subdivision Homeowners Association Inc., Declaration of Covenants, Conditions, Charges, Restrictions and Reservations.