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01287hereby covenants, and each Owner of any Lot by acceptance of a deed there- fore, whether or not it shall be so expressed in any such deed.or other conveyance, is deemed to covenant and agree to pay to -:the Association: (a) annual assessments or charges, and (h) special assessments for capital improvements, as hereinafter provided. The annual and special assessments, together with such interest thereon and costs of collection thereof, as hereinafter provided, shall be a charge on the land and shall be a continuing lien upon the property against which each such assessment is made. Each such assessment, together with such interest, costs and reasonable attorney's fees shall also be the personal obligation of the person who was tale Owner of such property at the time when the assessment fell due. The personal. obligation shall not'pass to his successors in title.unless expressly assumed by them. Section 2 Purpose of Assessments. The assessments levied by the Association shall be used exclusively for the purpose of�promotiaD the recreation, health, safety and welfare of the residents in the Properties and nparticular for the improvement and maintenance o t cProperties, services and facilit es�devoted'to this purpose and related to the use and enjoym ent of the Common Area and of the homes situated upon the Properties. Section 3. Maintenance Charges. The Board of Directors shall have the right and power to subject the property situated in the plat or plats of Shell Park, except the common areas, to an annual maintenance charge. . Commencing September 1, 1976, the maximum annual assessment on all lots shall be $24.00 per lot. On the same day of each year thereafter, each owner of property in Shell -Park other than the developer -shall pay to the Association, in advance, the maintenance charges against.his property, and such payments shall be used by the Association'to create and continue a maintenance fund to ,be used by the Association as hereinafter stated. The charge will -be delinquent when not paid within thirty (30) days after it becomes due. In the event that an owner acquires title to property in Shell Park after the annual due date for maintenance charge, then such owner shall be given a pro rata credit for the annual maintenance charge from the due date to the.date on which such owner acquires title, or becomes a contract purchaser. The annual charge may be adjusted or reduced from year to year by the Board of Directors as the needs of the property in its judgment may require, but in no event shall the charge in any year exceed the sum of ten (10) mills on the dollar of the 'assessed valuation of the premises and any improvements constructed thereon, exclusive of personal property, as fixed each year by the tax assessor of.Snohomisli County, Washington, for county taxation purposes. Section 4. The Maintenance Fund May Be Used: For lighting,,, improving „ -and maintainingx the streets and dedicated right Of way,,?rgas maintained for the general use of the owners and occupants of end included in S1�e11 Parlc;� ....._,......�,.. � �...,..,r...r....__...._..� 4,For operating and maintaining any storm water drains now or hereafter �gaxuqted in such subdivision that are not or will not be under C��e erect supervision of the state or county; For em 1p oyinZ. policST.e and watchmen; For establishing and maintaininS„.ny„dark or recreational facilities on _ Che_, comT9_R_areas of Shell Par, ky and OFFICIAL RECOR �: ,