HomeMy WebLinkAbout2670 lf the assessa~ent is not paid within thirty (30) days after the delfnquency date,
the assess~ent shall bear interest from t~e date of delinquency at the rate of
Seven and one half percent (7-1/2X) per annum, and the Association may ~ring an
action at laW against the O~ier per5onally obligated to pay the same or t~ foreclose
the lien aga3nst the property, and there shall be added to the amount of such
assessment the costs of preparing and filing the complaint in such action, and
in the event a judgment is obtaine~, such judgment shall include interest on the
assessment as above provided and a reasonable attorney's fee to be fixed by the court
together with the costs of the action.
Section 10. Subordination of the Lien to Mortgages. 1he lien of the
assessments provided fur herein shall be subordinate to the lien of any mortgage
or mortgages now or hereafter placed upon the properties subject to assessment;
provided, however, that such subordination shall apply only to the assessments
which have become due and payable prior to a sale or transfer of such property
pursuant to a decree of foreclosure. Such sale or transfer shall not relieve such
property from liability for any assessments thereafter becoming due, nor from the
2ien of any such subsequent assessment.
Section 11. Facempt Propert~r. The following property subject to this
Declaration shall be exempteci from the assessments, charges and liens created herein:
(a) all properties to the extent of any easement or other interest therein is de-
dicated and accepted by the 1oc31 public authority and devoted to public use; (b)
all Common Properties as defined in Article 1, Section 1 hereof; (c) all pro-
perties exempted from taxation by the laws of the State of Florida upon the terms
and to the extent of such legal exemption.
Notwithstanding any provisions herein, no Zand or improvements devoted to dwelling
use shall be exempt from said assessments, charges or liens.
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