Condominium Declaration - Laserfiche WebLink

Home Browse Search

, � ! " notice pf or claim for the lien is required. The release of the lien shall not release the wner . from p rsonai liability uniess agreed to in writing by the Association. 6.9 Foreclosure of Lien: Rerr►edies. A lien for Assessments may be fore losed against'a Unit under the taws of the state of Minnesota(})by action,or(ii) by advertiseme t in a . like m nner as a mortgage containing a power of sale. The Association, or its auth rized - repres tative, shal! have the power to bic� in at the foreclosure sale and to acquire, hold, ease, mortga e, and canvey any Unit so acquired. The Owner and any other Person claimi g an intere in the Unit, by the acceptance or assertion of any interest in the Unit, grants the ' Associ tion a power of saIe and full authority ta accomplish the foreclosure. The Assoc ation � shall, i addition to its other remedies, have the right to pursue any other remedy at !aw or in equity gainst the Owner who fails to pay ariy Assessment.or charge against the Unit. � 6.10 Lien Prioritv; Foreclosure. A lien for Assessments is prior to all other lie s and encum rances on a Unit except{i) liens and encumbrances recorded before this Declaratio , (ii) any fi st mortgage on the Unit, anci (iii) liens for real estate taxes and other gove ental � Assess ents or charges against the Unit. Notwithstanding the foregoing, if(i) a first mo gage on a Unit is foreclosed, {ii) the first mort�age was recorded on or after the date of record ng of , this D claration, and (iii) the Owner of the Unit does not redeem from the foreclosure duri g the , I Owne 's period of redemption provided by Minnesota Statutes Chapter 580, S8I, or 582 then the ho der of the sherifPs certificate of sale from the foreclosure of the first mortgage shall take title t the Unit subject fo a lien in favor of the Association for unpaid Assessme ts or instali ents thereof levied pursuant to Sections 51 SB.3-1 l5(a), {e)(1) to (3), (fl, and (i) f the Act w ich became due, withbut acceleration, during the six months immediaiely precedi g the first 'y following the end of the Owner's period of redernption. 6.11 Real Estate Taxes and Assessments. Real estate taxes, special assessme❑ , a�d other harges and fees which would norrr►ally be le�ied against the Common Eieme ts by gove rnental authorities, shall be allocated equally among and levied against the Unit , and shall a lien against each Unit in the same manner as a lien for real estate taxes and real estate specia assessments levied against the Unit alone. 6.12 Voluntarv Convevances; Statement of Assessments. In a voluntary conv ance � of a U it the huyer shall not be personally liable for any unpaid Assessrnents and other c arges � made y the Association against the seller or the seller's Unit prior to the time of conveya ce t� � the bu er, unless expressly assumed by the buyer. However, the lien of such Assessment sha11 remai against the Unit until released. Any seller or buyer shall be entitled to a statem nt, in record ble form, from the Association setting forth the amount of the unpaid Assess ents agains the Unit, including all Assessments payable in the Association's current fisca] year, which statement shali be binding on the Association, the seller,and the buyer. SECTION 7 RESTRICTIONS ON USE OF PROPERTY All Owners and Occupants, and ail secured parties, by their acceptance or assertio of an intere t in the Property, or by their occupancy of a Unit, covenant and agree that, in addi ion to MPLS- ord 95281.11 1 j ' � i I _. ._..-- —--- �.