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Homeowner's Association

Per Covenants:
#24: Homeowner's Association

"The Hidden Meadow Homeowner's Association, Inc., hereinafter referred to as the "Association", which shall be an Indiana Corporation, shall be created by the Developer acting on behalf of the owners and future owners of lots in all sections and/or phases of Hidden Meadow." 

"Each owner of a lot in Hidden Meadow East, Section East shall be a member of the Association and shall be entitled to cast one (1) vote at all meetings for each lot that is owned. If the same owner or owners own two or more contiguous lots, the lots shall be considered as one lot for voting purposes. The purpose of the Association is to manage and to support financially all park areas and all street lighting and the provisions of security services as may be deemed advisable and practical in the sole discretion of the Association or, until such time as the Association is created by the Developer, in the sole discretion of the Developer, and all purposes as the membership deems necessary. The Association shall have the authority and obligation to assure that all environmental aspects of the property including common areas and ponds are maintained in a manner which is in the best interest of all members of the Association and the Association shall have the right to restrain various landowners from polluting. After its creation by the Developer, the Association shall conduct a meeting at least once each year to organize itself and elect its officers. The Association shall adopt bylaws for its government and may levy and collect dues. The Association shall have the authority to impose and collect annual assessments for the operation of street lighting and for the maintenance and improvement of park areas or other "common areas" and for the provision of the aforesaid security services; provided, however, the total of such dues and assessments levied against such lot shall not exceed two hundred dollars ($200.00) per lot per year. These assessments shall be levied equally on each lot in all additions to the sections of the recorded Plat of Hidden Meadow East, Section One. Failure to pay said assessments or annual dues shall be a violation of these covenants and restrictions. Any such assessments or annual dues shall be billed by the Association to the owner of each lot during the year on a date set by the Board of Directors and shall be a lien in favor of the Association upon the lot against which such dues and assessments are charged until paid, which shall be enforced in the same manner as is provided in the mechanic's lien statutes of the State of Indiana. Provided further, that any person purchasing or dealing with said lot may rely upon a certificate signed by the president or secretary of the Association showing the amount of said dues and assessments which are due and unpaid as of the date of such certificate, and the Association shall not be entitled to enforce any lien for such charge accruing prior to the date of any such certificate unless the amount thereof is shown in the said certificate. The within above described lien is subordinate to any first mortgage lien. The Association may also enforce the restrictions concerning accumulations of rubbish, weeds or trash and may own any land for use by all or less than all of the lot owners as a "common area". Any past due annual dues, assessments or other charges assessable hereunder shall bear interest at the rate of twelve percent (12%) per annum commencing thirty (30) days after the same become due and with attorney's fees, and shall be due and payable without relief from valuation and appraisement laws. The Association may be formed for, and engage in, such other activities as may be beneficial to the lot owners, to the public at large, or which may qualify the Association as a "not-for-profit corporation or association", as defined in the Internal Revenue Code. Until such time as the Association is created by the Developer, the Developer, acting on behalf of the Association to be formed, shall be entitled to carry out the responsibilities assigned to, and enjoy and exercise the rights and powers granted to, the Association pursuant to these restrictions; provided, however, that the total of such dues and assessment levied by the Developer in such capacity against each lot shall not exceed two hundred dollars ($200.00) per lot per year so long as the Association has not been created and the Developer is acting in such capacity on behalf of the Association."