Special Assessment $59.28 a month for 96 months First monthly payment due November 15, 2014

Pre-Payment Opportunity Units owners will be allowed to pay the principal portion in full of each unit's share of the loan or $4, This amount, which must be paid in full to qualify, will be accepted only between October 1, 2014 and October 31, 2014 in person, or by mail, only at the Conquistador office. Do not mail to First Service.

Conditions of the Special Assessment Once the Special Assessment has started….no pre-payment of the special assessment will result in a discount Pre-payment discounts (during)the special assessment are not advisable. They create an accounting problem for the lender, they create a logistical problem for your management company (managing each account differently based upon who has prepaid, who has not, etc.) and a potential legal problem as the statute requires that any reduction of expenses given to one owner has to proportionally be given to all owners (and it does not distinguish between or carve out any exceptions for prepayments). In working with association, lenders and other attorneys for both associations and lenders, it is not a recommended practice.

Conditions of the Special Assessment It will be required that the remaining balance of the Special Assessment be paid upon transfer of title to a unit. It is a recommended practice to require that the remaining amount owed by a unit towards the special assessment be accelerated upon transfer of the unit (sale, foreclosure, etc.) to ensure that it will be paid. With a new owner comes the risk of changing circumstances and potential for default on, amongst other obligations, the special assessment. Acceleration removes that risk. It is especially beneficial with foreclosing lenders who are well capitalized and can be required to pay this amount as part of their acquisition of the property by including it in the estoppel certificate.

What your payment schedule will look like November 1, 2014$ 300 (Regular assessments) December 1, 2014 $ (Special Assessment) December 1, 2014$ 300 (Regular assessments) January 1, 2015 $ (Special Assessment) January 1, 2015$ 283 (Regular assessments) February 1, 2015$ (Special Assessment) February 1, 2015$ 283 (Regular assessments) Etc……..

Important Payment Details Pre-payment option is only available to those deliver by hand or by mail the pre-payment amount by close of business on October 31, 2014 Wait for your coupon book before paying your first monthly Special Assessment payment. Special Assessment payments may not be mailed to First Service in the same envelope as your monthly Condo Fees. Special Assessment payments must have your account number written on the check or extra handling charges will apply.