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due the Condominiu.^.? Association covered by the lien enforced.
In case of such foreclosure, the Unit Owner shall be required
to pay a reasonable rental for the Unit, and the plaintiff
in such foreclosure shall be entitled to the appointment of
a receiver to collect same from the Unit Owner and/or Occupant.
Where the holder of a mortgage of record or other
purchaser of a Unit obtains title to a Unit as a result of
foreclosure or by deed in lieu of foreclosure, such acquirer
of title, its successors and assigns, shall not be liable
for the share of Common Expenses or Assessments by the
Condominium Association pertaining to such Unit, or chargeable
to the-former Unit Owner of such Unit, which became due ~
prior to acquisition of title as a result of the foreclosure,
or the acceptance of such deed in lieu of foreclosure,
unless such share or Assessment is secured by a claim of
lien for Assessments that is recorded prior to the recording
of the foreclosed mortgage. 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, its successors and assigns.
_ Any person who acquires an interest in a Unit (except .
through foreclosure of a mortgage of record or deed in lieu
thereof as specifically provided in the paragraph immediately
preceding, including, without limitation, persons acquiring -
title by operation of law, such as purchasers at judicial
sales) shall not be entitled to occupancy of the Unit or
enjoyment of the Common Elements until such time as all
unpaid Assessments due and owing by tre former Unit Owner
have been paid.
The Condominium Association, acting through its Board
of Directors, shall have the right to assign its claim and
lien rights for the .recovery of any unpaid Assessment to the
Developer, or to any Unit Owner or group of Unit Owners, or
to any third party.
ARTICLE XI
SALES, LEASES AND MORTGAGES OF UNITS
A. SALES OR LEASES OF UNITS.
1. Except as set forth hereinafter in this
~ Article XI, if any Unit Owner desires to sell or lease his
~ Unit or any interest therein, and shall have received a bona
fide offer for such sale or lease, the Condominium Association
shall be given written notice thereof, together with an
executed copy of such offer. The Condominium Association
(or its assignee)- shall have the right to purchase or lease
such Unit or interest therein upor. the same terms and conditions
as se*_ torth in.t'.:e offer therefor, previded written notice
c: suc:: electior. .s given to the Unit Cwner and a -;atc'~inc
down. payzneat or deposit (if sccn is req::ir.d by tae ter-.s of
suc:. o°ter) is provided to tae Cni: Owner wit:~in thirty (30)
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6 a~327 PM~E1695
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