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r ,t� ..r. at the closing for any prior cantributions made by Declarant to the working capitat fund with - respect to that Unit. 6.6 Liabilitv of Owners for Assessmen#s. Subject to Section 6.7, the obligation of an Owner to pay Assessments shall commence at the later of (i) the time at which the Owner � acquires titie to the Unit or(ii) the due date of the first Assessmeni levied against the Unit by t�►e Board. The Owner at the time an Assessment is payable with respect to the Unit shail be ' personally liable for the share of the Common Expenses assessed against such Unit. Such liability shall be joint and severa! where there are multiple Owners of the Unit. The liability is absolute and unconditional. No Owner is exempt from liabitity for payment of Assessments by � right of set-off, by waiver of use or enjoyment of any part of the Property, by absence from or abandonment of t1�e Unit, by the waiver of any other rights, or by reason of any claim against Declarant, the Association, or the Associatian's officers, directors, or agents, or far their failure to fulfill any duties under the Governing Documents or the Act. �' 6.7 Declarant's Alternative Assessment Pro�ram. The follov�ring altemative Assessment program is established pursuant to Section S 15B.3-115(a)of the Act. 6.7.1 Notwithstanding anything to the contrary in the Governin� Documents, if an Assessment has been�levied, Declarant may eiect to have any unsold Unit owned by it assessed at the rate of twenty-five percent of the Assessments (exclusive of replacement reserves) levied on that llnit and other Units of the same rype until a final certificate of . occupancy or comparable City approval has been issued with respect to such Unit by the City. I6.7.2 The provisions of Section 6.7.1 shall not affect the share of replacement � reserves for Units owned by Declarant, which reserves must be funded by Declarant as , required by Section S 15B.3-I I S of the Act. However, there are no assurances that Declarant's reduced Assessment obligations will not affect the level of services for other items set forth in the Association's badget. 6.7.3 Declarant's reduced assessment obligation shalt apply to each Unit owned by Declarant at the time that any Assessment is levied against the Unit, and shall terminate with respect to each such Unit upon the issuance of a final certificate of occupancy or comparable City approval for the Unit. 6.7.4 Notwithstanding the foregoing, Deciarant shall be obligated to, within sixty days following the termination of the Declarant Control Period, to make up any operating deficit incurred by the Association during the Declarant Control Period. b.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 installrnents, 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 S15B3-]02(a){10), (I I), and (12) of the Act are liens, and are enforceable as Assessments, under this Section 6. Recording of this Declaration constitutes record notice and perfection af any lien under this Section 6, and no further recordation of any MPts-wo�a 9sis i.i� ]0