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ALL PAYMENTS / MONIES RECEIVED WILL BE APPLIED IN THE FOLLOWING ORDER, AS REQUIRED BY TEXAS STATE STATUTE:
 
Texas Property Code, Section 209.0063: Priority of Payments

(a) Except as provided by Subsection (b), a payment received by a property owners' association from the owner shall be applied to the owner's debt in the following order of priority:
1. Any delinquent assessment;
2. Any current assessment;
3. Any reasonable attorney's fees or reasonable 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 reasonable attorney's fees incurred by the association that are not subject to Subdivision (3);
5. Any reasonable fines assessed by the association; and
6. Any other reasonable amount owed to the association.

(b) If, at the time the property owners' association receives a payment from a property owner, the owner is in default under a payment plan entered into with the association:
1. The association is not required to apply the payment in the order of priority specified by Subsection (a); and
2. In applying the payment, a fine assessed by the association may not be given priority over any other amount owed to the association.
Source: Texas Property Code, Section 209.0063