WHEREAS, The Lakeville Community Association, Inc., a Texas non-profit corporation (the
“Association”) is charged with administering and enforcing the Declaration of Protective Covenants (the
“Declaration”);
WHEREAS, The Board adopts the following policy in order to comply with the priority of payments
schedule created by Section 209.0063 of the Texas Property Code; and
NOW THEREFORE, the Board has duly adopted the following “Application of Payments Policy” (the
“Policy”); and all payments will be applied to outstanding amounts in the following order:
1) Any delinquent assessment;
2) Any current assessment;
3) Any attorney’s fees or third party collection costs incurred by the Association associated solely with
assessments or any other charge that could provide the basis for foreclosure;
4) Any attomcy’s fees incurred by the association that are not subject to the preceding subpart;
5) Any fines assessed by the Association; .
6) Any other amounts owed to the Association.
EFFECTIVE DATE: 11/11/2014
Authorized Board Member Signature: % Date: 3-9-2014
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For Certification, signature, and notary please refer to the PDF Page
