HomeMy WebLinkAbout0374 The Associalion shnll upon demand at ariy time furnish to ony Qwner liabli for
said nssessrnent a certificate in writing signed by an ofFice~ :~f ~he Association, setting forth whethe~
said assessment {ias be~n paid, Sucfi certificate shall be conclusive evidence of payment of any
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assessment therein stated to have been paid.
Section 9. Effect of Non-Puyment of Assessmen!; The Persona) Obligation of the
Qwner the Lien; Remedies of Association, IF the ussessments are not paid on tlie date when d~c
(being the dates specified in Section 3(iereof), then such assessment shall become delinquent and
shall, together with such intere5t thereon and cos~ of collection th~reof vs hereinaFter provided,
thereupon become a continuing lien on the property which shall bind such property in the hands of
t{ie then Otivner, his heirs, devisees, personal representatives and assigns. The pe~sonal obligation
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of tl~e then U~ner to pay such assessment, hcvvever, shall remain his persona) obli~ation
foc the statutory period and shall not pass tC his successors in fiitle unless expressly assumed by them,
If the asscssment is not pc~id within thirty !30) days after the delinquency date, the assessment shall
b~.~ar interest from the date of delinqu~ncy at the rate of seven per cent (7°l0) ~er onnum, and the
Ass~ciation may bring cn action at law against the Owner personally oyligated to pay the same or
to foreclose the lien ag~inst the properfy, and/o+r to otherwise exercise any right or remedy ~yhich
t!~e Association m~y have hereunder or in law, and there shall be added to the amount of such
assessment tZ:e costs of preparing and filing the complair.t in such action, and !n the event a
judgm~nt is obtained, such judc~ment shall include interest on the assessment as above provided
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; and a reasonable ot~orney's fee to be fixed by the court to~e~her ~yith the costs of the action.
~ Section 10. $~bordination of the Lien to Mortgages. 7he lien or the assessments
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~ nrovid~d fon c~rein sh~ll b~ svbordira~a and inierior to the lien of any mortgage or mortgages no~.v
or nrr~of~er ~laced ub~n tne Nropertiei su~uject to assessment; pro~ icied, however, tl~at su~h svb-
ordination sh~ll apply only to the assessmen~s whicl~ have become due and payable prior to a
sale or transfer of suc{~ proparty pursuan~ to a decree Qt forectosure. $~~ch decree, wle, or trans-
fer s4iall not relieve such praperty from liability for any assessments tl~ereafter becoming due, nor
from the lien securing any such subsequent assessment, ond the lien shall survive any suc{i decree
~ o•` foreclosure, wle , or transfer pursuont tnereto for t4~e purpose of securing assessrnents becoming
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c3~:•~ su~se~,uent to the so1; o~ tronsfer ~ursuant to a decree of foreclos~~re.
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