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, •,. ... R at the closing for any prior contributions made by Dec)arant to the working capital fund ith - respect to that Unit. 6.6 LiabilitY of Owners for Assessments. Subject to Section 6.7, the obligation f an Owner to pay Assessments shall commence at the �ater of (i) the time at which the 0 er acquires titie to the Unit or(ii) the due date of the first Assessment levied against the Unit b the Board. The Owner at the time an Assessment is payable with respect to the Unit shal be � personalty liable .for the share of the Common Expenses assessed against such Unit, uch , liahility shall be joint and several where there are multiple Owners of the Uni� The liabili is absolute and unconditional. No Owner is exempt from liabiIity for payrnent of Assessment by. right of set-off, by waiver of use or enjoyment of any part of the Property, by absence fro or abandonment of the Unit, by the waiver of any other rights, or by reason of any.claim ag inst . Declarant, the Association, or the Association's officers, directors, or agents, or for their fai ure to fulfill any duties under the Governing Documents or the Act. � b_7 Declarant's Alternative Assessment Pro ram. The following altem tive 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 Governing Documen , if an Assessment has been Jevied, Declarant may elect to have any unsold Unit owned y it � assessed at the rate of twenty-five percent of tlie Assessments (exclusive of replace ent reserves) levied on that Unit and other Units of the same type until a final certificat of occupancy or comparable City approval has been issued with respect to such Unit by the City. 6.7.2 'The provisions of Section 6.7.1 shall not affect the share of replace ent reserves for Units owned by Declarant, which reserves must be funded by Declaran as required by Section S 15B.3-] E 5 of the�Act. However, there are no assurances hat Declarant's reduced Assessment obligations will not affect the level of services for o her items set forth in the Association's budget. 6.7.3 Declarant's reduced assessment obligation shal) apply to each Unit o ed by Declarant at the time that any Assessment is levied against the Unit, and s all terminate wiih respect to each such Unit upon the issuance of a fina] certificat of • occupancy or comparable City approval for the Unit. 6.7.4 Notwithstanding the foregoing, Deciarant shall be obligated to, wi hin sixty days following the termination of the Declarant Control Period, to make up ny 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 le ied against that Unit from the time the Assessment becomes due. If an Assessment is payabl in installments, the full amount of the Assessment is a lien from the time the first install ent thereof tiecomes due. Fees, charges, late charges, fines, and interest charges imposed by the Association pursuant to Section S15B.3-102(a)(10), (1 l), and (12) of the Act are liens, and are enforceable as Assessments, under this Section 5. Recording of this Declaration consti tes . record notice and perfection of any lien under this Section 6, and no further recordation of ny MPLS-Worci 95281.I 1 1 O