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6.8.2 The contribution shall be paid at the time of closing of the initial sale of <br /> the Unit to a purchaser other than a Neighborhood Developer or Builder. <br /> 6.8.3 The contributions are in addition to, and shall not be credited against, the <br /> regular installments of Master Assessments. <br /> 6.9 Liens for Master Assessments. The Master Association has a lien against each <br /> Unit for the portion of a Master Assessment levied against the Unit by the Neighborhood Board <br /> of the Neighborhood Association in which that Unit is located. If a Master Assessment is <br /> payable in installments, the full amount of the Master Assessment is a lien from the time the first <br /> installment becomes due. Fees, charges, late charges, fines, attorneys' fees, interest, or other <br /> charges imposed by the Master Association are liens, and are enforceable as Master Assessments <br /> hereunder. Recording of this Master Declaration constitutes record notice and perfection of any <br /> lien under this Section, and no further recordation of any notice of or claim for the lien is <br /> required. <br /> 6.10 Lien Priority; Foreclosure. A lien against a Unit for Master Assessments is prior <br /> to all other liens and encumbrances on the Unit except (i) liens and encumbrances recorded <br /> before the Master Declaration; (ii) any first mortgage on the Unit; and (iii) liens for real estate <br /> taxes and other governmental assessments or charges against the Unit. A lien against a Unit for <br /> Master Assessments may be foreclosed against the Unit under the laws of the State of Minnesota <br /> (i)by action, or (ii)by advertisement in substantially the same manner as a mortgage containing <br /> a power of sale. The Master Association, or its authorized representative, shall have the power <br /> to bid at the foreclosure sale and to acquire, hold, lease, mortgage and convey any Unit so <br /> acquired. The Owner and any other Person claiming an interest in the Unit, by the acceptance or <br /> assertion of any interest in the Unit, grants to the Master Association a power of sale and full <br /> authority to accomplish the foreclosure by advertisement. The holder of a first mortgage on a <br /> Unit which acquires title to the Unit by foreclosure or a deed in lieu of foreclosure shall take title <br /> to the Unit free and clear of all Master Assessment liens encumbering the Unit and payable in the <br /> period prior to the acquisition of title to the Unit by the mortgage holder. At such time as the <br /> first mortgage holder takes title to the Unit, it shall be obligated to pay Master Assessments <br /> levied against the Unit and payable during the period when it holds title to the Unit. The Master <br /> Association shall, in addition to its other remedies, have the right to pursue any other remedy at <br /> law or in equity against the Owner who fails to pay or whose Neighborhood Association fails to <br /> pay any Master Assessment or charge against the Unit or the Neighborhood Association in which <br /> the Unit is located. <br /> 6.11 Voluntary Conveyances; Statement of Master Assessments. In a voluntary <br /> conveyance of a Unit, the transferee shall not be personally liable for any part of any unpaid <br /> Master Assessments due and payable by the transferor prior to or at the time of conveyance of <br /> title to the transferee. However, a lien for any Master Assessment levied against the Unit, shall <br /> remain against the Unit until satisfied or released. The Master Association shall furnish to the <br /> transferor or transferee of a Unit, upon request, a statement as to the current status of Master <br /> Assessments against the Unit. The Master Association may charge a reasonable fee for such <br /> services. <br /> 18 <br /> 219o398.v1 <br />