The Village of Trout Valley is pleased to offer one college scholarship in the amount of $750 for an eligible Trout Valley resident or Trout Valley Association member.  Graduating high school seniors are encouraged to apply.  Full details can be found on the scholarship application, which is on the Trout Valley website page and a link to the application is also attached to this newsletter.  All applications must be postmarked by Thursday, April 30, 2015.  If you should have any questions, please contact Tonia Gonzalez, Village Clerk at tvclerk@yahoo.com  or by phone at (847) 477-8170.  Good luck!

ASSESSMENT DUE DATES AND COLLECTION TERMS

 

Paragraph 34. From and after the date hereof, all semi-annual dues and assessments assessed against all lots in Trout Valley Division A through Division K, both inclusive, shall be payable in advance on March 1 and September 1 of each year. Any person, corporation, trustee, beneficiary of any trustee, mortgagee, or purchaser dealing with any of the lots in Trout Valley, Division A through K, both inclusive, should determine that all the dues and assessments are current and paid in full and obtain a letter from the Treasurer of Trout Valley Association stating that all dues and assessments are current and paid in full. 

 

The amount of any delinquent and unpaid dues and assessments, interest costs, and fees incurred in collection shall become a lien or charge against each lot involved when payable as provided for in Document No. 294891 and may be foreclosed by any action brought in the name of Trout Valley Association as in the case of foreclosure of liens against real estate. Said lien shall take effect and be in force when due and payable; provided however, that the lien on any lot of any mortgage or other encumbrance shall have a priority over the unpaid dues and assessments, except as to unpaid dues

assessments, charges, interest and costs which are due and payable to, the creation of said mortgage or encumbrance. 

 

Subsequent to the date hereof, any grantee of any lot owner, any grantee in any judicial deed or judicial conveyance, any mortgagee or any purchaser under contract or Articles of Agreement for Warranty Deed, by acceptance of such deed of conveyance, contracts or Articles of Agreement for Warranty Deed, accepts same subject to any and 0 restrictions, conditions, covenants, rights, and powers created or reserved by the Declaration and Conditions recorded as Document #294891, as amended, and by this Amendment to the Declaration of Restrictions and Conditions as herein set

forth and all rights, restrictions, conditions, covenants hereby granted, created, reserved, or declared in all impositions and obligations hereby imposed shall be deemed and taken to be covenants running with the land and shall bind any person having at any time any interest or estate in any lot in Trout Valley, Division A through K,  both inclusive, and shall inure to the benefit of such owner and, in such manner as though the

provisions of said Deed Restrictions and Conditions, as amended, and the provisions herein were recited and stipulated at length in each and every deed of conveyance. 

 

If any owner of any lot, whether he be a person, corporation, trustee or otherwise, is in default of the annual dues and/or assessments, Trout Valley Association may bring suit to enforce collection thereof or to foreclose the lien thereof as herein provided

If you are new to the neighborhood (in the past 2 years) and would like to be featured in this newsletter, please send your information to Vernie Vadnais at troutvalleynews@gmail.com

Thank you,

Vernie