ALTON Combined Disclosure & HOA Documents

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COMMUNITY, WHICH PROPERTY HAS BEEN FOUND TO BE SPECIALLY BENEFITED BY THE PUBLIC INFRASTRUCTURE. EACH HOME IS SUBJECT TO A DISTRICT DEBT SERVICE ASSESSMENT TO REPAY THE BONDS. NBPCID HAS ALSO AUTHORIZED ADDITIONAL BONDS (WHICH MAY NOT HAVE BEEN ISSUED) AND MAY ALSO AUTHORIZE ADDITIONAL BONDS IN THE FUTURE. IF ADDITIONAL BONDS ARE ISSUED IN THE FUTURE, THE AMOUNT OF THE DISTRICT DEBT SERVICE ASSESSMENTS MAY INCREASE. 33.2 AMOUNT. IT IS ANTICIPATED THAT THE DISTRICT DEBT SERVICE ASSESSMENTS FOR 2016 WILL BE APPROXIMATELY $713 TO $742 PER YEAR FOR TOWNHOMES AND $1,581 TO $1,981 PER YEAR FOR SINGLE FAMILY HOMES. THE FOREGOING AMOUNTS ARE ONLY ESTIMATES AND THESE AMOUNTS MAY VARY FROM YEAR TO YEAR AND FROM TIME TO TIME WITHOUT NOTICE. 33.3 DISTRICT MAINTENACE SPECIAL ASSESSMENTS. NPBCID has or may install, construct, operate and maintain certain road, drainage, utility, landscaping and infrastructure improvements pursuant to the NPBCID Plans of Improvements for the benefit of the Community. All NPBCID improvements will be maintained by NPBCID unless and until (i) NPBCID conveys certain road improvements to the City (upon which the City shall accept and maintain such road improvements), or (ii) the Master Association enters into a High Level Maintenance Agreement with NPBCID whereby the Master Association contractually agrees to maintain all or part of such improvements, pursuant to the terms of such High Level Maintenance Agreement. In addition, the Master Association may enter into a Maintenance Delegation Agreement with the Neighborhood Association whereby the Neighborhood Association contractually agrees to maintain all or part of such improvements, pursuant to the terms of such Maintenance Delegation Agreement. To the extent that NPBCID maintains such improvements, all individuals or entities owning or purchasing homes or lots within the Neighborhood will pay for such operation/maintenance expenses through NPBCID non-ad valorem assessments (the “ District Maintenance Special Assessments ”) which will appear on each Owner’s annual Unified Real Property Tax Bill that is issued and collected by the Tax Collector of Palm Beach County, Florida. In the event the Master Association contracts to maintain such NPBCID improvements, then such maintenance expenses will be paid by the Owners through their Master Association Assessments. In the event the Neighborhood Association contracts with the Master Association to maintain such NPBCID improvements, then such maintenance expenses will be paid by the Owners through their Neighborhood Association Assessments. NPBCID and all of NPBCID’s interest in land within the Neighborhood shall be exempt from all Assessments that may be levied by the Neighborhood Association. 33.4 AMOUNT. IT IS ANTICIPATED THAT THE DISTRICT MAINTENANCE SPECIAL ASSESSMENTS FOR 2016 WILL BE APPROXIMATELY $74 TO $76 PER YEAR FOR TOWNHOMES AND $110 TO $126 PER YEAR FOR SINGLE FAMILY HOMES. THE FOREGOING AMOUNTS ARE ONLY ESTIMATES AND THESE AMOUNTS MAY VARY FROM YEAR TO YEAR AND FROM TIME TO TIME WITHOUT NOTICE. 35. Counterparts . This Addendum may be executed in counterparts, a complete set of which shall form a single Addendum. 36. Conflicts. In the event of any conflict between this Addendum and the Agreement, this Addendum shall control. In all other respects, the Agreement shall remain in full force and effect. 37. Entire Agreement . The Agreement, together with this Addendum and any other addenda or riders to the Agreement, contains the entire agreement between Purchaser and Seller concerning the matters set forth herein. All prior discussions, negotiations and contracts, if any, whether oral or written, are hereby superseded by these documents. No addition or modification of this Addendum or the Agreement shall be effective unless set forth in writing and signed by Purchaser and an authorized officer of Seller.

PURCHASER(S):

SELLER: %CommunityLegalName% %CommunityLegalName2% %CommunityLegalName3%

X____________________________________________ Print Name: %BuyerFullName% Date: ________________________________________ X____________________________________________ Print Name: %SecondBuyerFullName% Date: ________________________________________

By: ______________________________________________

Print Name: ________________________________________ Title: _____________________________________________ Date: _____________________________________________

Date Modified: 11/24/15 Date Printed: %TodaysDate%

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