Agenda - Council - 07/28/1987 - Laserfiche WebLink

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payment or non-payment of any assessment relating to the Lot in question. Such certificate shall be conclusive evidence of payment of any assessments therein stated to have been paid. Section 6.9 Non-Payment of Assessments; Liens; Remedies. Assessments are a personal obligation of each Owner of the assessed Lot. If the assessments are not paid on the due date as specified in Section 6.7, then such assessments shall be delinquent and shall, together with administrative charges for late payment, such interest thereon and costs of collection, as hereinafter provided, become a continuing lien on the Lot which shall bind the Lot in the hands of the Owner, his or her transferees, heirs, devisees, personal representatives and assigns. The personal obligation of the Owner to pay such assessment and related costs shall remain his or her personal obligation and that of any of his or her heirs or personal representatives. If the assessment is not paid on or before the due date, the Association may impose interest from the due date at the highest rate allowed by law, and/or bring an action at law against the Owner personally obligated to pay the same or foreclose the lien by suit in the manner provided for foreclosure of mortgage liens. Each Owner, by acceptance of any conveyance of any interest in the Property, grants to the Association a power of sale to accomplish the foreclosure and sale of such Owner's Lot.. In such actions the Association shall be entitled to recover, in addition to the principal amount of the assessments, all costs of collection, including interest, attorney's fees and the costs of prosecuting such action and filing any liens. In addition the Association may impose an administrative charge of up to 25% of the delinquent installment for each such delinquent installment of assessments, and/or invoke any other remedies or sanction set forth in Article XIVo All remedies shall be cumulative, and the exercise of one remedy shall not constitute a waiver of any other. No Owner (or Occupant where applicable) may waive or otherwise escape liability for any assessments or other obligations imposed under the Governing Documents or Rules and Regulations by non-use or waiver of any rights in the Common Property or abandonment of his or her lot. Section 6.10 Subordination of Lien~ to Mortgages. The lien of the assessments provided for herein shall be subordinate to the