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Home My WebLink About0013 bind such property in the hands of th~ then Owner, his heirs, devisees, personal representatives and assigns. The personal obligation of the then Owner to pay such assessment, however, shall remain his personal obligation ~ for the statutory period and shall not pass to his suc- cessors in title unless expressly assumed by them. If the assessment is not paid within sixty (60) days after the delinquency date, the assessment shall bear interest from the date of delinquency at the rate of eight and one-half percent (8~) per annum, and the Associa- ~ _ tion may bring an action at law against the Owner personally obligated to pay the smae or to foreclose the lien against 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 obtained, such judgment shall include intere~t on the assessment as above provided and a reasonable at- .torney's fee to be fixed by the court together wi~h the costs of the action. Section 10. Subordination of the Lien to Mortgages". ~ The line of the assessments provided for 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 subor-dination ~ ~ shall apply onto to the assessments which have become ~ ~ _ due and pafable prior to a sale or transfer of such prop- ~ ~ ~ erty pursuant to a decree of foreclosure. Such sale ~ ~ ~ = or transfer shall not relieve such property from liability ~ 3 for any assessments thereafter becoming due, nor from ~ the lien of any such subsequent assessment. b ~ _ Section 11. Exempt Property. The following property subject to this Declaration shall be exempted _ ~ ~ ~ ~ ~ Y fC ~ ~ ` ~ ~r~ ~ BQOK~"i-V ~ACf • 1.~ ~ ~ ~ ~ , ~ _ _ ~ww ~ _ _ . a_:,.