9. DELINQUENCIES
9.1 Seabreeze will prepare for the Board a monthly, aged list of delinquent assessments.
9.2 Seabreeze has the board ’ s authority to use attorneys or licensed collection agencies in attempting recovery of delinquent assessments. In so doing, Seabreeze will follow procedures established by the Board, which are to be consistent with the CC&Rs. 9.2.1 Attorney or collection agency fees will be billed to the Association. The individual unit owner may be billed for reimbursement to the Association where appropriate under the CC&Rs and the law. 9.2.2 Association agrees to indemnify Seabreeze, and hold it harmless from and against any and all costs, expenses and attorney ’ s fees incurred in the collection of delinquent accounts. This indemnity and hold harmless obligation extends to situations where collection activities are founded on incorrect delinquency information. 9.2.3 The Board will determine the economic feasibility of recovery actions against delinquent homeowners. Seabreeze will have no liability for failure to pursue delinquent homeowners.
10. ACCURACY OF FINANCIAL DATA
10.1 The Association is responsible for the accuracy of financial information submitted to Seabreeze. Seabreeze is not responsible for inaccurate financial data supplied by the Association, or by any prior management company, or for any resulting inaccurate financial statements, member or owner records, billing statement, or other financial documents. 10.2 Association agrees to pay all costs, expenses or attorney ’ s or accountant ’ s fees incurred, and to indemnify Seabreeze against same, for any independent financial review or other action required because of inaccurate financial data supplied by the Association, or by any prior management company, or for any resulting inaccurate financial statements, member or owner records, billing statement, or other financial documents.
11. BANK ACCOUNTS
11.1 Seabreeze will establish and maintain all Association checking accounts in federally insured banks chosen by Seabreeze. Except as automatically may briefly occur in Seabreeze ’s credit card merchant account, Seabreeze will not co-mingle Association funds with those belonging to any other association or entity. 11.2 All Association operating accounts will require two signatures for withdrawal of funds. By properly adopted resolution, the Board may authorize Seabreeze to be one of the signators. All other signatories will be directors of the Association, unless otherwise approved by the Board. 11.3 All Association reserve accounts will require two signatures for withdrawal of funds. Only Association Directors or Officers may be signatories for reserve accounts. The signatories will be established by resolution of the Board.
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