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- a suit on the personal obligation against the owner or owners, and
there shall be added to the amount of such assessment the cost of
such action (including reasonable attorney's fees), and in the
event a judgment is obtained, such judgment shall include interest
on the assessment as above provided and reasonable attorney's fees
to be fixed by the Court, together with the cost of the action.
2. Subordination to Lien of Mortgages. The lien for •
assessments for which provision is herein made shall be
subordinate to the lien of any first mortgage to a bank, life
insurance company, Federal or State Savings and Loan Association,
Real Estate Investment Trust, or Seller of a unit or parcel. The
assessment. lien shall be subordinate to the lien of a~ mortgage
securing a loan or loans made to the .Developer, whether a first
mortgage or otherwise. The subordination shall apply only to the
assessments which have become due and payable prior to a final-
sale or transfer of the mortgaged unit or parcel pursuant to a
decree of foreclosure, or in any other proceeding or conveyance in
lieu of foreclosure of the mortgage. No sale or transfer shall
relieve any unit or parcel from liability for any assessment
thereafter becoming due, nor from the lien of any such subsequent
assessment. The written opinion of the Association that the lien
is subordinate to a mortgage shall be dispositive of any questions
of subordination, provided, however, that such opinion shall have
no effect upon the priority of a mortgage securing a loan or loans
made to the Ueveioper.
3. Exempt Property. The Common Property, the Associa-
tion Property, and any property in TARPON BAY :'ACHY CLGB owned by
the Developer shall be exempt from the assessments, charges and
liens created herein; provided, however, any dwelling unit owned
by Developer shall cease to be exempt at such time as the dwelling
unit is first occupied.
F. Certificate of Assessments. The Association shall
prepare a roster of the units and parcels and assessments applic-
able thereto, which shall be kept in the office of the Association
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