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84 -005507 <br />to all lienholders of the Unit whose interest would be affected. The lien <br />provided herein shall be in favor of the Association and for the benefit of all <br />of the Owners. In any such foreclosure or lawsuit to recover a money judg- <br />meat, the Owner shall be required to pay the costs and expenses of such <br />proceedings, the costs, expenses, and attorneys' fees for filing the notice or <br />claim of lien, and all reasonable attorneys' fees in connection, with such <br />foreclosure or lawsuit. The Owner shall also be required to pay the' Associa- <br />tion the assessments for the Condominium Unit during- the period: of fore- <br />closure and the Association shall be entitled to a receiver to collect such <br />sums. The Association, on behalf of the Owners, shall have the power• to bid <br />on the Condominium Unit at foreclosure sale and to acquire and hold, lease <br />mortgage, and convey such Condominium Unit. In any foreclosure of alien <br />for assessments, the Association: shall be entitled to the appointment of °a <br />receiver. <br />25. Owner's Obligation for Payment of Assessments. <br />All amounts assessed by the Association against each Condominium <br />Unit, whether as a Common Expense, special, or penalty assessment, shall be- <br />the personal and individual debt of each Owner thereof at the time the <br />assessment is made. Suit to recover a money judgment for unpaid assess- <br />ments shall be maintainable without foreclosing or waiving the lien securing <br />the same. No Owner may exempt himself 1 ,, —self from liability for the Owner's <br />contribution toward the Common Expe- °s .: ny a waf er of the use or enjoy- <br />ment of any of the Commo.;_ Llements z by abandonment of his/her Condo- <br />minium Unit. <br />26. Liability for Common Expenses Upon Transfer of Condominium Unit. <br />(A) Upon payment of a reasonable fee to be set out in the Rules and <br />Regulations, and upon the written request of any Owner, any Mortgagee, or <br />any prospective Mortgagee, the Association shall issue a written statement <br />setting forth the amount of the unpaid assessments, if any, with respect to <br />such Condominium Unit, the amount of the current monthly assessment and <br />the date that such assessment becomes due, and any credits for advanced <br />payments or for prepaid items, including, but not limited to, insurance pre- <br />miums, which statement shall be conclusive upon the Association in favor of <br />all persons who rely thereon in good faith. Unless such request for a state- <br />ment of indebtedness shall be complied with within fifteen (15) days, all <br />unpaid Common Expenses which become due prior to the date of making such <br />request shall be subordinate to the interest of the Owner requesting such <br />statement, or to the lien of the Mortgagee or prospective Mortgagee request- <br />ing such statement. <br />(B) The grantee of a Condominium Unit, including a Mortgagee with a <br />superior lien as set out in Paragraph 24 (Lien for Nonpayment of Assess- <br />ments) herein who comes into possession of a Condominium Unit pursuant to <br />the remedies provided in its Mortgage or becomes an Owner of a Condominium <br />Unit pursuant to foreclosure of its Mortgage or by the taking of a deed in <br />lieu thereof, and any purchaser at a foreclosure sale, shall not be liable with <br />the grantor for unpaid assessments against the latter for the grantor's pro- <br />portionate share of expenses up to the time of the grant or conveyance of a <br />Condominium Unit, unless the grantee expressly assumes such liability. Any <br />-21- <br />L___ <br />I <br />I <br />