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I , . . . i ... at the closing for any prior contributions made by Declarant to the woricing capital fund with - respect to that Unit. 6.6 LiabilitY of Owners for Assessments. Subject to Section 6.7, the obligation of an Owner to pay Assessments shall commence at the later of (i) the time at which the Owner � acquires tit�e to th� Unit or(ii) the due date of the first Assessment levied against the Unit by t}ie Board. The Owner at the time an Assessment is payable with respect to the Unit shall be personally liable for the share of the Common Eapenses assessed against such Unit. Such liability shall be joint and severat where there are multiple Owners of the Unit. T'he liability is absolute and unconditional. No Owner is exempt from liability for payrnent of Assessments by � right of set-off, by waiver of use or enjoyment of any part of the Property, by absence from or abandonment of the Unit, by the waiver of any other rights, or by reason of any claim against Declarant,the Association, or the Association's officers, directors, or agents, or far their failure to fulfill any duties under the Governing Documents or the Act. '' 6.7 Declarant's Alternative Assessment Proog,ram. The following altemative Assessment program is established pursuant to Section S I SB.3-115(a)of the Act. 6.�.1 Notwithstanding anything to the contrary in the Governing Documents, if an Assessment has been�levied, Declarant may elect to have any unsold Unit owned by it assessed at the rate of twenty-five percent of the Assessments (exclusive of replacement reserves) levied on that Unit and other Units of the same type until a final certificate of occupancy or comparable City approva( has been issued with respect to such Unit by the City. 6.7.2 The provisions of Section 6.7.1 sha11 not affect the share of replacement reserves for Units owned by Declarant, which reserves must be funded by Declarant as , reqaired by Section S15B.3-1 f5 of the Act. However, there are no assurances that Declarant's reduced Assessment obligations will not affect the level of services for other items set forth in the Association's badget. 6.7_3 Declarant's reduced assessment obligation shali apply to each Unit owned by Declarant at the time that any Assessment is levied against the Unit, and shall terminate with respect to each such Unit upon the issnance of a final certificate of occupancy or comparable City approval E'or 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 Controi Period. b.8 Assessment Lien. The Association has a lien on a Unit for any Assessment levied against that Unit from the time the Assessment becomes due. If an Assessment is payable in installrnents, the full amount of the Assessment is a lien from the time the first installment thereof becomes due. Fees, charges, late charges, fines, and interest charges imposed by the Association pursuant to Section S15B.3-102(a)(10), (I I), and (12} of the Act are liens, and are enforceable as Assessments, under this Section 6. Recording of this Declaration constitutes record notice and perfection of any lien under this Section 6, and no further recordation of any MPLS-Word 95281.1] �O