Condominium Declaration - Laserfiche WebLink

Home Browse Search

, � notice of or claim for the Iien is required. The release of the lien shall not release the O ner . from personai liability unless agreed to in writing by the Association. 6.9 Foreciosure of Lien; Remedies. A lien for Assessments may be foreclosed against a Unit under the taws of the state of Minnesota(i)by action, or(ii) by advertisemen in a . like manner as a mort�age containing a power of sale. The Association, or its autho 'zed repres�ntati��e, sha!! have the pewer to bid in at the foreclosur.e sale and to acquire, hold, I ase, mortgage, and convey any Unit so acquired. The Owner and any other Person claimin an interest in the Unit, by the acceptance or assertion of any inte:est in the Unit, grants t the Association a power of sale anci full authority to accomplish the foreciosure. The Associ tion � shall, in addition to its other remedies, have the right to pursue any other remedy at law r in equity against the Owner who faiis to pay any Assessment.or charge against the Unit. 6.10 Lien Prioritv; Foreclasure. A lien for Assessments is prior to all other lien and encumbrances on a Unit except(i) liens and encumbrances recorded before this Declaratio , (ii) any first mortgage an the Unit, and (iii) liens for real estate taxes and other governm ntal � Assessments or charges against the Unit. Notwithstanding the foregoing, if(i) a first mo gage on a Unit is foreclosed, (ii) the first mortgage was recorded on or after the date of recordi g of , this Declaration, and (iii) the Owner of the Unit does not redeem from the foreclosure durin the , � Owner's period of redemption provided by Minnesota Statutes Chapter 580, 581, or 582, then ! the holder of the sheriff s certificate of sale from the foreclosure of the first mortgage shakl take � title to the Unit subject fo a lien in favor of the Association for unpaid Assessmen s or instaltments thereof levied pursuant to Sections S 15B.3-i 15(a), (e)(1) to (3), (fl, and (i) f the Act wTiich became due, without acceleration, during the six months immediately precedin the first day following the end of the Owner's period of redemption. 6.13 Real Estate Taxes and Assessments. Real estate taxes, special assessments and other charges and fees which would normally be levied against the Common Eiemen s by govemmenta! autfiorities, shall be allocated eq�ally among and levied against the Units and shall be a lien against each Unit in the same manner as a lien for real estate taxes and real state special assessments levied againsrthe Unit alone. 6.t2 Voluntarv Convevances; Statement of Assessments_ In a voluntary conve ance � of a Unit the buyer shall not be personaily liable for any unpaid Assessments and other ch rges � made by the Association against the seller or the seller's Unit prior to the time of conveyan e to � the buyer, unless expressly assumed by the buyer. However, the lien ofsuch Assessments shall remain against the Unit until released. Any seller or buyer shall be entitled to a stateme t, in recordable forrn, from the Association setting forth the amount of the unpaid Assess ents against the Unit, including all Assessments payable in the Association's current fiscal ear, which statement shall 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 assertion f an interest in the Property, or by their occupancy of a Unit, covenant and agree that, in additi n to MPLS-Word 95281.1 1 �j � i I -- -- —--- j .