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. '.. ... at the�closing for any prior contributions made by Declarant to the working capita4 fun with - respedt to that Unit. ' 6.6 Liabilitv of Owners for Assessments. Subject to Section 6.7, the obligatio of an Ownea� to pay Assessments shall commence at the �ater of (i) the time at which the wner _ acqui es title to the Unit or(ii) the due date of the first Assessment ievied against the Unit by the Boar�. The Owner at the time an Assessment is payable with respect to the Unit s all be perso�hally liable for the share of the Common Eapenses assessed against such Unit. Such . liabili;ty shall be joint and several where there are mUltiple Owners of the Unit. The lia iliry is absolute and unconditional. No Owner is exempt from liability for payrnent of Assessm nts by. ri�ht bf set-off, by waiver of use or enjoyment of any part of the Property, by absence om or abandonment of the Unit, by the waiver of any other rights, or by reason of any claim gainst Declarant, the Association, or the Association's officers, directors, or agents, or far their failure to ful�fill any duties under the Governing Documents or the Act. � 6.7 Declarant's Alternative Assessment Program. The following aite ative Assessment program is established pursuant to Section S 15B,3-115(a)of the Act. I b.7.1 Notwithstanding anything to the contrary in the Governing Docum nts, if an Assessment has been,levied, Declarant may elect to have any unsold Unit own d by it ' assessed at the rate of twenty-fve percent of the Assessments (exclusive of repla ement � reserves) levied on that Unit and other Units of the same type until a final certifcate of occupancy or comparable City approval has been issued with respect to such Uni by the � City, I 6.7.2 The provisions of Section 6.7.1 sha11 not affect the share of repla ement �' reserves for Units owned by Declarant, which reserves must be funded by Decl rant as ' required by Section S15B.3-1 E5 of the Act. However, there are no assuran es that ; Declarant's reduced Assessment obligations will not affect the level of services f r other items set forth in the Association's budget. , 6.7.3 Declarant's reduced assessment obligation shall apply to each Unit owned by Declarant at the time that any Assessment is levied against the Unit, a shall � terminate with respect to each such Unit upon the issuance of a final certifi ate 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 Assaciation has a lien an a Unit for any Assessme t levied against that Unit from the time the Assessment becomes due. If an Assessment is pa able in installrnents, the full amount of the Assessment is a lien from the time the first ins allment ther�of becomes due. Fees, charges, late charges, fines, and interest charges impose by the Assqciation pursuant to Section S15B.3-102(a)(10), (1 I), and (12} of the Act are liens, and are enfo ceable as Assessments, under this Section 6. Recording of this Declaration co stitutes reco�d notice and perfection of any lien under this Section 6, and no further recordatio of any MPLS'rWord 95281.1 I 1� �