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~ C. NONAV+OI~aTitaCE OF .~SSE~ LIABILITY. Zhe liability
for assessments may not be avoid~d by either the waiver ot the t~ ar
enjayrr~nt of any cam~n elements o~ by the abandorn~nt of the unit
aqainst which the as~ess~nent is made.
D. INJ'~'~REST; APPLICATIUN OF PAYN~NIS. Assessments arxi in- ~ -
~ stat lments on su~h assessmenh s sF~al l be pa id on or before tien (10 ) '
days after tt~e date ~en such ass~ssments a~ instalLrents ar~ due.
Any assessment or inst.alLnent not paid within ten (10) days of its due
ciate s.'ha11 be delir~ue~lt and the ~nit owi~er shalZ be cfiarged interest
at the highest rate allcx,~d by law on the unpaid assessnent or in-
- stal]ment on such assess~ent. Any such interest shail be oalcula'~d
fram the date ~en the assessment or instalL-nent was first due ~nti~
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~ the date it is paid. A11 p~yments upon acvount shall be first applied
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I to the interest, if any, atr3 . then t,o the assessment payment first
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~ due .
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~ E. LIQ~i FOFc [l1~AID ASS~TIS. 'Ihe Ass~ciation shall -
have a lien c~*i each oorx~niniim i.riit` and all t~~ngible personal prcoper-
ty located wittiin said ~ ulit for ungaid assessiments, arid interest
thereon. Said lien ~n the aforesaid targibZe personal Frvperty
shall be subordinate t,o prior E~ona fi,de liens of iecord. ~as~n~le
attarneys' fees including reasonable appellate arttorneys' fees incur-
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r-~d by the Ass~ciation incident i~ the eollection of saxh assessments _ `
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or the enforoenent of such liEn, together with all costs and expenses ~
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of suit ar~d ali suns advanced anc3 pai~l }~y the Association for taxes €
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and gayments on acvau~~ of superior m~rtgag~s, liens or enc~:~,rances ~ ~
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which may be requiz~ t~o be advanced by the Ass~ciation in order to ~
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_ pre~erve _ar~d prote~t its lien shall be payable by the init o~:ler and . -
sec.~ed by such lien. The Board of Administration may take such a~ -
tion as it deems necessary to or~llect ~sessments by personal acti.on -
~ or by enforcirag ana foreclosing sai~d ~ien and may settle ar~d c~ampro- _ -
~ - ~ective as ar~d in the ~iu~e~ prwidad Lvr ~y the O~r~aniniun A~ ~arx~
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~ shall have tY~ pri.orities established by sai.d Act. ~he Ass~ciati,~n ~
~ sYial.l tie entitled tia bid at arcy sale held pu~suant t~ a suit tn
_ foreclose an assessrent Iien arr~ bo apply as a cash credit against its
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- ~ - BDOK 3~5 Pd~E _ 9~~ ;
_ ~ _G._.
LEW:S, VEGJSEN AND R05ENBACH, PA.~ATTORNEYS AT LAW
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