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together with interest thereon and against the unit owner of
such unit. Such owner shall, in addition, be liable for all
costs and reasonable attorney fees incurred by the Association
in the collection of such assessments or enforcement of such
lien, and the lien shall secure the same. The lien shall be
effective from and after the time of its recording in the
Public Records of St. Lucie County, Florida, and shall state
the description of the condominium parcel, the name of the
record owner, the amount due, the statement "plus reasonable
attorney Pees for collection" shall be stated, and the date
when due; and.the lien shall continue in effect until all sums
secured by the lien shall have been fully paid. Such claims
shall include only assessments which are due and payable when ;
the claim of lien is recorded. Such claims are due and payable ~
when the claim oP lien is recorded. Such claims and lien shall 1
be signed and verified by an officer or agent of the
Association, and completed in a manner which shall entitle them
to be recorded. Upon full payment, the party making payment
shall be entitled to a recordable satisfaction of lien,- to be i
recorded at such party's expense. All such liens shall be
subordinate to the lien of a mortgage or other lien recorded
prior to the time of recording of the claim of lien.
6.3 Lien Foreclosure. Liens for assessments may be
foreclosed by suit brought in the name of the Association in
like manner as a foreclosure of a mortgage on real property.
The Association-shall have the power to bid in the condominium
parcel at foreclosure sale,~and to acquire and hold, lease,
mortgage and convey the same. Suit to recover a money judgment
for unpaid assessments may be maintained without waiving the
lien securing the same.
6.4 Nonliability Prior to Foreclosure and Common
Expense of Lien. When a first mortgagee obtains a title to
the condominium parcel as a result of a foreclosure brought on
such mortgage, or by deed in lieu of foreclosure thereof, such
acquirer of title, his successors and assigns, shall not be
liable for the share of common expenses or assessments
pertaining to such condominium parcel and chargeable to the
I former unit owner of such parcel which became due prior to
~ acquisition of title as a result of the foreclosure, or by deed
~ in lieu of foreclosure. Such unpaid share of common expenses
or assessments shall be deemed to be common expenses
collectible from all of the unit owners, including such
acquirer, his successors or assigns.
6.5 Interest; Application of Payments. Assessments ~
and installments on such assessments against unit owners paid ~
on or before 10 days after the date when due shall not bear
interest, but all sums not paid on or before 10 days after the
date when due shall bear interest at the rate of 12x per annum
from the date when first due until paid. All payments upon
account shall be first applied to interest and then to the
assessment payment first due.•
7. ASSOCIATION. The operation of the condominium shall
be by the Association, which shall fulfill its functions
pursuant to the following provisions:
7.1 Articles of Incorporation. A copy of the
Articles of Incorporation of Pioneer Grove Condominium
Association, Inc. is attached as Exhibit "F".
7.2 The B -Laws. The By-Laws of the Association
~ shall be the By- aws o the condominium, a copy of which is
attached as Exhibit "G".
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