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1 , .„ .., at the c osing for any prior contributions made by Declarant to tlze working capita! fund ith - respect o that Unit. .6 Liabilitv of Owners for Assessments. Subject to Section 6.7, the obligation c�f an Owner o pay Assessments shall commence at the later of (i) the time at which the O�ner acquire title to the Unit or(ii) the due date of the first Assessment levied against the Unit b the Board. The Qwner at the time an Assessment is payable with respect to the Unit sha 1 be persona ly liable for the share of the Common Expenses assessed against such Unit. uch liability shall be joint and severa! where there are multiple Owners of the Unit. The liabili is absolut and unconditional. No Owner is exempt from liabiiity for payrneni of Assessmen s by. righi o set-off, by waiver of use or enjoyment of any part of the Property, hy absence fro or abando ment of the Unit, by the waiver of any other rights, or by reason of any claim ag inst � Declara t, the Association, or the Association's officers, directors, or agents, or for their fa]ure � to fulfil any duties under the Governing Documents or the Act. ' _7 Declarant's Alternative Assessment Pro r� am. The following altem tive Assess ent program is established pursuant to Section S 15B.3-115(a)of the Act. 6.7.1 Notwithstanding anything to the contrary in the Governing Documea , if n Assessment has been Jevied, Declarant may eiect to have any unsold Unit owned y it ssessed at the rate of twenty-five percent of the Assessments (exclusive of replace ent eserves) levied on that Unit and other Units of the same type until a final certifica e of ccupancy or camparable City approval has bee� issued with respect to such Unit b the ,�y, b.7.2 The provisions of Section 6.7,1 shall not affect the share of replace I ent eserves for Units owned by Declarant, which reserves must be funded by Declara t as equired by Section S15B.3-1!5 of the Act. However, there are no assurances that . eclarant's reduced Assessment obligations will not affect the level of services for ther tems set forth in the Association's budget. I 6.7.3 Declarant's reduced assessment obligation shal) apply to each Unit o ned �y Declarant at the time that any Assessment is levied against the Unit, and hall terminate with respect to each such Unit upon the issaance of a final certificat of �ccupancy or comparable City approval for the Unit. 6.7.4 Notwithstandin the fore a�n Deciarant shall be obli ated to w thin g g 8> � � ixty days following the tennination of the Declarant Control Period, to make up any perating deficit incurred by the Association during the Declarant Control Period. .8 Assessment Lien. The Association has a lien on a Unit for any Assessment 1 ied against that Unit from the time the Assessment becornes due. If an Assessment is payab e in install ents, the full amount of the Assessment is a lien from the time the first install ent thereof becomes due. Fees, charges, late charges, 6nes, and interest charges imposed b the Associ tion pursuant to Section SISB.3-102(a){10), (] I), and (12} of the Act are liens, an are enforce ble as Assesscnents, under this Section 6. Recording of this Declaration consti tes record otice and perfection of any lien vnder this Section 6, and no further recordation o any MPLS-Wo 95281.11 �p