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7.1.4 Maintenance, for purposes of this Declaration, shall include, but not be limited to, as necessary, any hazard and liability insurance deemed necessan• by the Association. Section 7.2 Enforcement of Covenants and Restrictions. The Association shall be responsible for the enforcement of the covenants and restrictions contained in this Declaration. ARTICLE VIII ASSESSMENTS Section 8.1 Creation of Assessments. The Declarant, for each 1-oi owned by it, hereby covenants, and each Owner of any Lot, by acceptance of a deed for a Lot, whe=.her or not it shall be so expressed in the deed or any conveyance, is deemed to agree to pay to the Association: (a) Annual Assessments, and (b) any Individual Lot Maintenance Assessments levied a�.:ainst the Owner's Lot pursuant to the provisions of this Declaration. Section 8.2 Purpose of Annual Assessments The Annual Assessments shall be levied for the purpose of paying the costs associated with the duties of the .Association as set fortis in this Declaration, together with the incidental costs of operating the Association. Section 8.3 LeNn, of Annual .Assessments. The Annual Assessment must be fixed at a uniform rate for all lots. Section 8.4 Common Expense Assessments. Common Expense Assessments shall be allocated equally among all Lots. Section 8.5 Individual Lot Maintenance Assessments. In the event that any Owner violates any covenant or fails to perform any term, covenant or condition contained in this Declaration, the Association may perform the act, remove the defect or correct the violation upon thirty (34 ) days written notice to the Owner and may levy an assessment to pay the cost thereof (hereinafter, "Individual Lot Maintenance Assessment") against such Owner's Lot. Section 8.6 Effect ofNon pa«nent of Assessments Remedies of Associ�Tion. The Annual Assessments and Individual Lot Maintenance Assessments shall be fixed as provided in this Declaration. ' If any such assessment is not paid when due, it shall become delinquent and shall, together with interest at a rate of eight percent (8%) per annum, any cost of collection and any attorney's fees, become a continuing lien on the Lot and shall also be the personal obligation of the Owner of the Lot at the time the assessment is made. The lien may be enforced and foreclosed by action in the same manner in which mortgages may be foreclosed in Minnesota. Each Owner, by acceptance of a deed for any Lot, shall be deemed to give full and complete power of sale to tile, Association and to consent to a foreclosure of the lien by advertisement. The Association may also bring an action at lav against the Owner personally obligated to pay the assessment. Section 8.7 Subordination of Lien to First Mortgages. The lien of Assessments provided for herein shall be subordinate to the lien of any first Mortgage, and the sale or transfer of any Lot shall not affect the Assessment lien. However, the sale or transfer of any Lot pursuant to the BUSSED 509186.9 8