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•,. .�. . at the closing for any prior contributions made by Declarant to the working capital fund ith • respect to that Unit. 6.6 Liabilitv of Owners for Assessments. Subject to Section 6.7,the obligation o 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 by e 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 Expenses assessed against such Unit. S ch , liability shall be joint and several where there are maltiple Owners of the Unit. The liabili is absolute and unconditional. No Owner is exempt from liability for payrnent of Assessments by righi 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 af any_claim agai st Declarant, the Association, or the Association's officers, directors, or agents, or far their fail re to fulfil]any duties under the Governing Dacuments or the Act. � 6.7 Declarant's Alternative Assessment Pro�ram. The following altemat ve 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 Governin�Documents if an Assessment has been Jevied, Declarant may elect to have any unsold Unit owned b it assessed at the rate of twenty-five percent of the Assessments (exclusive of replacern nt reserves) levied on that Unit and other Units of the same type until a final certificate of occupancy or comparable City approval has been issued with respect to such Unit by e City. 6.7.2 The provisions of Section 6.7.1 shall not affect the share of replacem nt reserves for Units owned by Declarant, which reserves must be funded by Declarant as reqnired by Section S 15B.3-] E 5 of the�Act. However, there are no assurances t at Declarant's reduced Assessment obligations will not affect the level of services for ot er items set forth in the Association's budget. b.7.3 Declarant's reduced assessment obligation shali apply to each Unit own d byi Declarant at the time that any Assessment is levied against the Unit, and sh 11 terKninate with respect to each such Unit upon the issuance of a fina] certificate of � oc�upancy or comparable City approval for the Unit. 6.7.4 Notwithstanding the foregoing, Deciarant shall be obligated to, wit in sixty days fotlowing the termination of the Declarant Control Period, to make up a y 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 levi d against that Unit from the time the Assessment becomes due. If an Assessment is payable in installments, the full amount of the Assessment is a lien from the time the first installm nt thereof becomes due. Fees, charges, late charges, fines, and interest charges imposed by t e Association pursuant to Section SISB.3-]02(a)(10), (1 l), and (12) of the Act are liens, and re enforceable as Assessments, under this Section 6. Recording of this Declaration constitut s record norice and perfection of any ]ien nnder this Section 6, and no further recordation of a y MPLS-Word 95281.I 1 10