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�H r� <br /> t . <br /> at the closin� for any prior contributions made by Declarant to the working capita! fund with - <br /> respect to th t Unit. <br /> 6.6 Liabilit�of Owners for Assessmen#s. Subject to Section 6.7,the obligation of an <br /> Owner to pay Assessments shall commence at the l.ater of (i) the time at which the Owner <br /> � acquires titie to the Unit or(ii)the due date of the first Assessment levied against the Unit by the <br /> Baard. The Owner at the time an Assessment is payable with respect to the Unirt shail be' � <br /> personally li ble for the share of the Common Expenses assessed against such Unit. Such <br /> liability shal be joint and severa! where there are multiple Owners of the Unit. The liability is <br /> absolute and unconditional. No Owner is exempt from liability for payment of Assessments�by <br /> right of set- ff, by waiver of use or enjoyment of any part of the Property, by absence from or <br /> abandanmen of the Unit, by the waiver of any other rights, or by reason of any claim against <br /> Declarant, t e Association, or the Association's officers, directors, or agents, or far their failure <br /> to fulfill any duties under the Governing Documents or the Act. � <br /> 6.7 Declarant's Alternative Assessment Pro�ram. The following aitemative <br /> Assessment�rogram is established pursuant to Section S 15B.3-115(a)of the Act. <br /> an A� 6.7.1 Notwithstanding anything to the contrary in the Goveming Documents, if <br /> sessrnent has been�levied, Declarant may elect to have any unsold Unit owned by it <br /> asse sed at the rate of twenty-five percent of the Assessments (exclusive of replacement <br /> rese es) levied on that Unit and other Units of the same type until a final certificate o <br /> occu ancy or comparable City approval has been issued with respect to such Unit by the <br /> City. <br /> 6.7.2 'Ifie provisions of Section 6.7.1 shall not affect the share of replacement <br /> rese es for Units owned by Declarant, which reserves must be funded by Declarant as <br /> , requ red by Section S15B.3-1 IS of the Act. However, there are no assurances tha <br /> Dec�arant's reduced Assessment obligations will not affect the levef of services for othe <br /> item set forth in the Association's budget. <br /> 6.7.3 Declarant's reduced assessment obligation shal! apply to each Unit owne <br /> by eclarant at the time that any Assessment is levied against the Unit, and shal <br /> te inate with respect to each such Unit upon the issuance of a final certificate o <br /> occ pancy or comparable City approval for the Unit. <br /> 6.7.4 Notwithstanding the foregoing, Deciarant shall be obligated to, withi <br /> sixt days following the termination of the Declarant Control Period, to make up an <br /> ope�ating deficii incurred by the Association during the Declarant Control Period. <br /> 6.8 Assessment Lien. The Association has a lien an a Unit for any Assessment levie <br /> against tha Unit from the time the Assessment becomes due. If an Assessment is payable i <br /> installment , the full amount of the Assessment is a lien from the time the first installmen <br /> thereof be omes due. Fees, charges, late charges, fines, and interest charges imposed by th <br /> Associatior� pursuant to Section S15B.3-102(a)(10), (1 l), and (12} of the Act are liens, and ar <br /> enforceabl as Assessments, under this Section 6. Recording of this Declaration constitute <br /> record not�e and perfection of any lien nnder this Section 6, and no further recordation of an <br /> ivtr[.s-wo�d 9s�s�.i� 10 <br />