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~; eighty percent (80%) of the votes of the entire <br />Association, at any general or specially called <br />meeting, may adopt such a budget, announce it to <br />the unit owners and immediately commence <br />assessments based on the newly-adopted budget. <br />Additionally, at any general or specially called <br />meeting, unit owners may amend any budget adopted <br />by the Board of Directors. Thereafter, assessments <br />to unit owners shall be based on the budget as so <br />amended until a new budget is adopted in accordance <br />with this Section 5. <br />5. DEFAULT. Failure by an owner to pay any assessment of <br />the Association shall be a default by such owner of his obligations <br />pursuant to these Bylaws and the Oregon Condominium Act and, in <br />addition to the Association's other remedies provided in the <br />Declaration and these Bylaws, the Association shall be entitled to <br />declare the balance of such owner's annual assessment otherwise <br />being paid in installments to be immediately due and payable in <br />full. In addition to interest payable on delinquent assessments at <br />the rate of 12% per annum or at such higher rate as may be <br />established from time-to-time by the Board of Directors, the Board <br />of Directors, at its option, may impose a late charge penalty in <br />respect to any assessment not paid within ten (10) days from the <br />due date. Such penalty may not exceed the sum of ten percent (10%) <br />of the delinquent assessment. Liability for all assessments, <br />charges, interest, fees and other sums owing by a unit owner <br />pursuant to the Declaration, these Bylaws, the Oregon Condominium <br />Act and rules and regulations of the Association shall be the <br />binding obligation of the unit owner and may be enforced by suit <br />for a money judgment, in addition to all other remedies of the <br />Association. <br />6. MAINTENANCE AND REPAIR. <br />~, <br />(a) Every owner must perform promptly all maintenance <br />and repair work within his own unit, which, if <br />omitted, would affect the common elements of the <br />Condominium or a part thereof belonging to other <br />owners, and shall be responsible for the damages <br />and liabilities that his failure to do so may <br />cause. <br />(b) All repairs of internal installations of each unit, <br />such as water, lights, gas, power, sewage, <br />telephones, air conditioners and sanitary <br />installations, doors, windows, lamps and all other <br />accessories belonging to the unit area shall be at <br />the sole expense of the owner of such unit. <br />BYLAWS OF COURTHOUSE SQUARE CONDOMINIUM <br />PAGE - 13 <br />