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515B.3-116of MCIOA. The Master Association shall have a power of sale to foreclose the lien in a like manner as a mortgage containing a power of sale. The Master Association, or its authorized representative, shall have the power to bid in at the foreclosure sale and to acquire, hold, lease, mortgage and convey any Parcel so acquired. An Owner or any other person claiming an interest in a Parcel, by the acceptance or assertion of any interest in a Parcel, grants to the Master Association a power of sale and full authority to accomplish the foreclosure by advertisement. 6.10 Lien Priority: Foreclosure. A lien under this Section is prior to all other liens and encumbrances on a Parcel except (i) liens and encumbrances recorded before this Master Declaration, (ii) any first Mortgage on the Parcel to the extent permitted by MCIOA, and (iii) liens for real estate taxes and other governmental assessments or charges against the Parcel. 6.11 Voluntary Conveyances: Statement of Assessments. In a voluntary conveyance of a Parcel the buyer shall not be personally liable for any unpaid assessments and other charges made by the Master Association against the seller or the seller's Parcel prior to the time of conveyance to the buyer, unless expressly assumed by the buyer. However, the lien of such assessments shall remain against the Parcel until satisfied or released. Any seller or buyer shall be entitled to a statement, in recordable form, from the Master Association setting forth the amount of the unpaid Assessments against the Parcel, including all assessments payable in the Master Association's current fiscal year, which statement shall be binding on the Master Association, seller and buyer. 6.12 Exemption of Master Declarant from Liability for Assessments. The Master Declarant shall be exempt from all liability for assessments for common expenses as provided in this Section 6 as to any Unit owned by it until substantial completion of the Unit as evidenced by a certificate of occupancy, for so long as it maintains control of the Master Association as provided in this Master Declaration, The owner of any unit, or parcel of real estate shall also be exempt from the lien far such assessments until a building constituting or located within the unit or other parcel of real estate is substantially completed. Substantial completion shall be evidenced by a Certificate of Occupancy, SECTION 7 MAINTENANCE 7.1 Maintenance by Master Association. The Master Association shall provide for and be responsible for: (i) the maintenance, repair and replacement of certain signs and project monuments benefiting the Property as a whole as described in Section 3.1, including the Master Common Elements (ii) any other areas it is responsible for under this Master Declaration. Notwithstanding the foregoing, the expense of any maintenance, repair or reconstruction of the Development Area necessitated by the acts or omission of any Owner or Occupant shall be borne solely by the Owner. 16 1 121110757v8 820716 8/15/05