SECTION 1: DEFINITIONS AND EXHIBITS 1.1.4 Assessments

The term "Assessments” shall be deemed to mean all Insurance Charges, Maintenance Charges, Recreational Charges, Taxes, and Utility Charges, together with any and all other charges, costs, expenses, fees, fines, levies and penalties to be paid to the Association by the Owners in accordance with the terms and conditions set forth in this Declaration, whether the same are general assessments or special assessments.