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By-Laws. The Lot Owner agrees and understands that in the event that a Lot Owner ,
fails to make payment as and when due, the Association shall have the right to
recQrd a lien against the Lot O~,mer's Lot in the form of a statement signed by the.
President or Vice President of the Association in recordable form. The Association
shall have the right to enforce the lien in the manner provided under Florida law
for foreclosure of mortgage liens. The Lot Owner shall pay interest on the amount
owed at the highest rate permitted by laW and all court costs and attorneys' feea
incurred in collection, as well as all fees incurred in foreclosure of such lien.
This lien shall be subordinate to the lien of mortgages recorded prior to the
recording of the lien hereunder. The personal obligation of the then Owner to pay
such assessment, however, shall remain his personal obligation for the statutory
period. Provided, however, that no voluntary sale of any Lot or Living Unit shall
be effective, nor shall any marketable title be conveyed unless and until the
Seller has obtained from the proper officers of the Association a certificate, in
recordable form, attesting to the fact that the Seller has paid all assessments to
date. If no such certificate is obtained and recorded, the Purchaser shall be con-
clusively presumed to have assumed such past due assessments and sha11 become
forthwith liable therefor. If the assessment is not paid within thirty (30)
days after the delinquency date, the assessment shall bear interest from the
date of delinquency at the highest rate permitted by law, and the Association
may bring an action of law against the Owner personally obligated to pay the
saane or to foreclose the lien against the property and there shall be added to
the amount of such assessment the costs of preparing and filing the complaint in
such action, and in the event a~udgment is obtained, such judgment shall
include interest on the assessment as above provided and a reasonable attorney's
fee to be fixed by the Court together with costs of the action.
Section 10. Subordination of the Lien to Mort~es. The lien of the
assessments provided for herein shall be subordinated to the lien of any first
moxtgage or mortgages now or hereafter placed upon the properties subject to
assessment; provided, however, that such subordination shall ~pply only to the
assessments which have become due and payable prior to a sale or transfer of
such property pursuant to a decree of foreclosur~. Such sale or transfer shall
not relieve such property from liability for any assessments thereafter becoming ,
due, nor from the lien of any such subsequent assessment, which again will be
subordinated to the lien of a new first mortgage placed upon The Property ar -
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