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party its actual attorneys’ fees and costs for services rendered to the prevailing party in any such <br />action (including any appeal thereof). <br />B. Performance and Reimbursement. Upon a default hereunder, in addition <br />to the Maintaining Owner adding delinquent amounts to the Common Expenses as provided in <br />Section 5 hereof, the Owner providing the Default Notice may remedy such default by payment <br />or performance (the “Curing Owner”). Any Owner that pays another Owner’s delinquent <br />amounts of Common Expenses as provided in Section 5 hereof shall be deemed to be a Curing <br />Owner. The defaulting Owner shall immediately reimburse the Curing Owner for all reasonable <br />costs incurred by the Curing Owner to remedy the default, which amount shall bear interest at <br />the lesser of (a) eighteen percent (18%) per annum or (b) the maximum rate permitted to be <br />charged under Minnesota law until paid and include the Curing Owner’s costs and attorneys’ <br />fees associated remedying the default. <br />C. Lien. Each Owner shall have a lien in its favor upon the Lot of an Owner <br />who is in default of this Agreement to secure all amounts (including interest) incurred <br />under Section 10.B. The lien provided for in this Agreement shall only be effective when filed <br />for record by a Curing Owner as a claim of lien against the defaulting Owner in the office of the <br />County Recorder (or the Registrar of Title for Torrens property) in and for Hennepin County, <br />Minnesota, signed and verified, which claim of lien shall contain the following as well as any <br />other information required by law in order to make the lien effective under the Minnesota <br />mechanic lien laws: <br />(1) A statement of the unpaid amount of costs and expenses; <br />(2) A description sufficient for identification of that Lot of the defaulting <br />Owner which is the subject of the lien; <br />(3) The last known name and address of the Owner or reputed Owner of the <br />Lot which is the subject of the lien; and <br />(4) The name and address of the lien claimant. <br />The lien may be enforced in accordance with the mechanic lien law of the State of Minnesota. <br />Upon payment in full (prior to foreclosure) of the amounts necessary to satisfy the lien together <br />with all applicable interest due thereon, the Curing Owner shall promptly cause to be recorded a <br />further notice stating the satisfaction and release of the lien against the defaulting Owner’s Lot. <br />Any lien provided for herein shall be subordinate to the lien of any first mortgage filed of record <br />against any Lot prior to the filing of any such lien. <br />D. No Waiver. No delay or omission of any Owner in the exercise of any <br />right accruing upon any default shall impair any such right or be construed to be a waiver <br />thereof, and every such right may be exercised at any time during the continuance of such <br />default. A waiver by any Owner of a breach or a default of any of the terms and conditions of <br />this Agreement shall not be construed to be a waiver of any subsequent breach or default of the <br />same or any other provision of this Agreement. Except as otherwise specifically provided in this <br />Agreement, no remedy provided in this Agreement shall be exclusive, but each shall be <br />cumulative with all other remedies provided in this Agreement and at law or in equity. <br />49