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provided by the Condominium Act, and .shall have the priorities
established by said Act. The Association shall be entitled to ~
bid at any sale held pursuant to a suit to foreclose an assessment
lien, and to apply as a cash credit against its bid all sums due
the Association covered by the lien enforced. In case of such
foreclosure, the Unit Owner shall be required to pay a reasonable
rental for the Condominium Unit, and the Plaintiff in such fore-
closure shall be entitled to the appointment of a Receiver to
collect same from the Unit Owner and/or~occupant.
E. Institutional Mort a ee Not Liable. Where the holder of _
an institut ona mortgage o recor , or o er purchaser of a
Condominium Unit, obtains title to a Condominium Unit as a result
of foreclosure or the institutional mortgagee of record accepts a
deed to said Condominium Unit 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
Association pertaining to such Condominium 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 the shale
is secured by a claim of lien recorded prior to the recording of
said 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.
F. Liabilit of Subse uent Owner. Any person who acquires
an interest in a Unit except t rough oreclosure of an institu-
tional mortgage of record or deed in lieu thereof as specifically
provided in the paragraph E 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 Compton Elements, until
such time as all unpaid assessments due and owing by the former
Unit Owner have been paid.
G. Assi nment. The Association, acting through its Board
of Directors, sha have the right to assign its clain? and lien ~
rights for the recovery of any unpaid assessment, to the Developer,
to an Unit Owner or rou of Unit Owners, or_to any third
or g P
Y
party.
H. Pro rt Owners' Association Ma Collect. The Association
~ may contract wi the Property Owners Associat on so that the
~ Property Owners' Association will collect the Condominium Associa-
tion's assessments and remit said asseasmenta to the Condominium
Association.
ARTICLE XII
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SPECIAL PROVISIONS RB DEVELOPER
A. Rights. The Developer shall have the right to transact
any business necessary to consummate sales or rentals of Units,
or in the event there are unsold Condominium Units, the Developer
retains the right to be the owner of said unsold Condominium
Units under the same terms and conditions as all other Unit
Owners in said Condominium; however, said Developer, for such
time as it continues to be a Unit Owner, but not exceeding the
a period for which it has guaranteed that the amount of each Unit -
Owner shall pay as monthly Common Expense assessments-shall not
increase, shall not be liable for such monthly Common Expense
~ assessments. It being understood that during the period of such ~ ~
F guarantee, the Developer shall be solely responsible for Common
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