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of services for items set forth in the Association's budget. 6.7.3. Accounting Obligations Associated with Use of Alternate Common Expense Plan. If Declarant utilizes an alternate common expense plan, Declarant shall cause to be prepared and delivered to the Association, at the Declarant's expense, within 90 days after the termination of the Declarant Control Period, an audited balance sheet and profit and loss statement certified to the Association and prepared by an accountant having the qualifications set forth in section 51513.3421(b) of the Act. The audit shall be binding on the Declarant and the Association. (i) If the audited profit and loss statement shows an accumulated operating deficit, the Declarant shall be obligated to make up the deficit within 15 days after delivery of the audit to the Association, and the Association shall have a claim against the Declarant for an amount equal to the deficit until paid. If Declarant does not utilize an alternate common expense plan, Declarant is not liable to make up any operating deficit. (ii) The existence and amount, if any, of the operating deficit shall be determined using the accrual method of accounting applied as of the date of termination of the Declarant Control Period, regardless of the accounting methodology previously used by the Association to maintain its accounts. (iii) Unless approved by a vote of the Unit Owners other than the Declarant and its affiliates, the operating deficit shall not be made up, prior to the election by the Unit Owners of a Board of Directors pursuant to section 51513.3403(d) of the Act, through the use of a special assessment or by assessments described in subsections 51513.3-1151(e), (f), and (g) of the Act. 6.8. Assessment Lien. The Association has a lien on a Unit for any Assessment levied against that Unit from the time the Assessment becomes due. If an Assessment is payable in installments, the full amount of the Assessment is a lien from the time the first installment thereof becomes due. Fees, charges, late charges, fines and interest charges imposed by the Association pursuant to Section 51513.3402(a)(10), (11) and (12) of the Act are liens, and are enforceable as Assessments, under this Section 6. Recording of the Declaration constitutes record notice and perfection of any lien under this Section 6, and no further recordation of any notice of or claim for the lien is required. Notwithstanding the foregoing, in the event that the Association records a notice of lien against a Unit, the Association will be deemed to be a purchaser for purposes of the Recording Act, Minnesota Statutes §507.34, as of the date that the lien document is properly recorded. Past due assessments, and amounts enforceable hereunder as assessments, shall bear interest at the rate established with respect to judgments under Minnesota Statutes Section 549.09. The release of the lien shall not release the Owner from personal liability unless agreed to in writing by the Association. 6.9. Foreclosure of Lien: Remedies. A lien for Assessments may be foreclosed against a Unit under the laws of the State of Minnesota (i) by action, or (ii) by advertisement in a like manner as a mortgage containing a power of sale. The 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 Unit so acquired. The Owner and any other Person claiming an interest in the Unit, by the acceptance or assertion of any interest in the Unit, grants to the Association a power of sale and full authority to accomplish the foreclosure. The Association shall, in addition to its other remedies, have the right to pursue any other remedy at law or in equity against the Owner who fails to pay any Assessment or charge against the Unit. 6.10. Lien Priority: Foreclosure. A lien for Assessments is prior to all other liens and encumbrances on a Unit except (i) liens and encumbrances recorded before the Declaration, (ii) any first mortgage on the Unit, and (iii) liens for real estate taxes and other governmental assessments or charges against the Unit. Notwithstanding the foregoing, if (1) a first mortgage on a Unit is foreclosed, (2) the first mortgage was recorded 13