3. Increases in dues and the levy of special assessments in excess of $50.00 will be presented to the Association in writing and presented for approval at the annual or any general meeting. Payment must be within sixty (60) days after approval, and written notification, to avoid delinquency proceedings. Any unpaid dues increases and/or special assessments may be collected by the Board of Directors, on behalf of the Association upon terms, conditions, and procedures herein set forth for unpaid annual dues or other charges.
   
4. Approval requirements for dues increases and special assessment levies in excess of $50.00 per twelve (12) month period per lake frontage property shall be in accordance with Article II, Sections 3 through 5.

4. Power of the Association to Collect Charges and Impose Liens. The Board of Directors shall have the power to collect dues, dues increases and any special assessments levied against any lake frontage property owner or lake frontage property if not paid when due.

1. That annual dues and any levy of special assessments shall become a lien upon the property of each property owner, and shall remain so until paid in full, together with any interest, charges or costs. That if any dues, special assessments or other charges become delinquent, said sum shall bear interest calculated at 1.5% per month on the unpaid balance from the date payment is due and unpaid, until paid in full.
   
2. If such charges have remained due and payable for a period longer than ninety (90) days from the date due, the Board of Directors, on behalf of the Association, may institute legal proceedings to collect the amount so due in any court of competent jurisdiction. That the owner of the lake frontage property shall be liable to pay any collection expenses or costs, including reasonable attorney fees incurred by the Association. That said collection expenses or costs and reasonable attorney fees shall also become a lien on the lake frontage property.
   
3. Any person, or persons who assumes the title of a lake frontage property for which dues, dues increases and/or special assessments are past due or delinquent also assumes payment of any collection expenses or costs, including reasonable attorney fees, incurred by the Association. Whether such ownership shall be legal or equitable, and any other person who may acquire any interest in such lake frontage property, whether as an owner or otherwise, is hereby notified and by acquisition of such interest, agrees that any such liens or charges which may be outstanding at the time of the acquisition of such interest are valid liens and shall be paid by said owner. All who shall become an owner of any lake frontage property is hereby notified that by the act of acquiring such title shall be conclusively held to have covenanted to pay the Association all balances that the Association deems unpaid and/or delinquent.