HomeMy WebLinkAbout0150 ~ ~ • d~ti~nci z~l_ an ti~rt: f~iizii~:tt to ~-tn
ilie It.. ~cx:.ia~icx~ sit~ztt, L~ar? y , y
O.~ner liabl.e for said ass~ssm4nt ~1 ~r.i:if.icat~c in writiny ::iqnr~~cl by ~z~ offi~r
oF th~ ?~:-:oc:iation ~ settiny fortrt wti~tl~er said assc:s::nU~~ li<~s t~~en ~x~icl. S~ieh
eel-tifieate sha21 be conclu:~ivc: evider~c.r of l.,ay?rc~z~t ot ar?y ~ys_.c~ss~i~,~~ t;h~:xcin
~ stated to have bG-tin paid.
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S..^ction 9. Effer.t o~' I~ton-Pa}m~nt_~f 1~.,^.e .`a~x~nl; ..~'i: ^ Pe~tics:ia]
Obl.~'`~c ati.otZ of th~ O~dnex; The I~en;_ R~c~~cizes of Assa^iation. I~ the as~essmcnts
are noL- paid on f:he date ~,itt~n dae (t~eing th~ dates speci~ied in SectiaZ 3 hereo~) ,
then sueh assessz~nt shall beoo~c~ delinc~.~nt and sha11, toyeth:x with such in-
,
terest thereon ancl oost of oollecticxi i:hereof. as h~:
reinaf'fe~r provid~, there- .
upon became a o~nta.nuing lien oan the property which sha11 bind such property
in the hau~ds of the then Oaner, his heirs, d~vises, personal representakives
and assigms. Ztie pn..rsazal. obliyation of thL tiher Owne.r~ to pay such assess~r~nt, '
ho;•.ever, shalZ m~ain his ~r~-,o~at o5ligatia:~ f'or the si-~tutozy par_iod. Pro- ~
vided, ha,iever, that no voluntary sale of any Living Unit shall b~ efrc.ctive,
nor shal.l any marketable title be ~onveyed unless and until thz Seller has
obtained fram the prop~r offioers of th~ Associatirn a certificate, in remrd- •
able form, attesting to the fact that the Seller has paid all assess~..nts to
date. If no such oertificate is obtain°d and reo~rd2ci, the Pun',haser shall
be oo~clusively pres~nd to hav~ assim~ed such past due assess~nts and sha~ll
k~oan~ forthwith liable therefor. If the assessir~ent is not paid within thirty
(30) days aft~er the det i~~2ncy dat~e, the assessm~nt shall bear interest froan ;
.
thz date of dzlinqu~.xicy at the xa~e of seven per~cent per ann~n, and the ;
Associatiosn may bring an action of law against the O+mer pPxsazally obligated
to gay the same or to foreclos° th° lien against the property, and th~re shall
be adcl,..~d to th~ atmunt of such asses~ent thz oosts of preparing and filing
th~ c~laint in such actio~~, and in the ev~nt a judgment is obtainea, such
juck~rrnt shall include i.ritex~est on the ass~ess~nt~ as abovz provided and a -
reasonable atto~reey's fee to be fiy.ed by the oourt together with oosts of
th~ action.
Sectioa-~ 10. Subordination of th~ Lien to Mortgages. ~'he lien of
thz assessm~nts provid`d for herein shall be snbordinate to the lien of any
first rc~rtgage or m4rtgages naw or hereafter plaoed upo?~ the properties subject
to asses~nen~; provicled, hatiever, that such subordinztion sliall apply rnly to
th~ asses~nts which hav~e Y~oac~ du:~ and payable prior to a sale or transfer '
:
o£- such pro,~rty pursuant to a d~cree of foreclosure. Such sale or transfer
shall not relieve such property fran liability For ariy ~essessr~nts th~,..reafter
l~caning due, nor fran the'lien oF any such subsequ~nt assess-t?~n`, ~,~?~.ich ~~gain
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