In February 1984, VCV Development Corporation, the sponsor of a planned unit development located in the Town of Fallsburg, Sullivan County, filed a "Declaration of Covenants, Restrictions, Easements, Charges and Liens" (hereinafter the Declaration) in the County Clerk's Office. The Declaration provides, inter alia, that every owner of a home in the development shall be a member of plaintiff and shall pay to plaintiff an annual assessment...
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