Book: 5327 Page: 3969
Section 4.10.. Foreclosure of Lien. The lien herein established ma~, be foreclosed in the • same manner as real estate mortgages may be foreclosed in the State of Flo,rida. The lien granted herein shall also secure such payment of or advances for taxes and payments <>n superior mortgages, lien or encumbrances which are advanced by any of the Associations in order to protect its interests, and each of the Associations shall be entitled to interest computed on the b,lSis of advances made from time to time at the highest legal rate of interest on all such advances macle by that Association. Sectiont4.11. Ownership Sµ.biect to Exi.!9Dg Liens. All persons, finns, corporations, and other business entities, which shall acquire by whatever mean, any interest ir1 the ownership of any Lot or Dwelling Unit, or who may be given or who may be given or who may acquire a mortgage, lien or other encumbrance on a Lot or Dwelling Unit are hereby placed on 11.otic-e of the lien rights granted to the Associations under this Declaration (including the partial exception for institutional f l.I'St mortgages) and all, of such persons, finns, corporations, and other business entities shall acquire their rights, title and interest in and to said Lot or Dwelling Unit e:,cpressly subject to the lien rights (and exceptio11s) provided herein. Section 4.12. ~jen Preparati9!!_and Recorg.ina. The lien created pursuant to this Declaration exists as of the date the Association sets the amount of its quarte1·ly assessments for that year. The lien shall continue in effect until all sums secured by the lien have, been fully paid. Such lien shall be perfected for the purpose of determining priority among competing creditors by the, recording in the public records of the County in which tl1e Lot is located of· a claim of lien stating the description of the Lot or Dwelling Unit encumbered by the lien, the nanae of the record owner of the Lot or Dwelling lJnit, the amounts due at that time and the date when any part of the unpaid amowit first became due. If the Association accelerated the assessment :for the balance of the calendar year, the claim of lien shall perfect a lien for the total accelerated amount. The claim of the lien shall perfect the lien not only for assessments which are due and payable when the claim of lien is recorded, but also for interest, collection costs, reasoiiable attorneys' fees, and advances to pay taxes and prior encumbrances and interest thereon, all as provided herein. Tl:te claim of lien shall be signed and verified by the President or Vice President of the particular Association filing the lien. When full payment of all sums secured by such lien is n1ade, the claim of lien shall be satisfied of record by the President or Vice President of the Association involved. Section 4.13. Enforcement. These Covenants and Restrictions n1ay be enforced by an action at law for damages, a proceeding in equity for an injunction, or in a manner as provided for in Section XVI of the By-Laws of the Association.
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