Book: 5327 Page: 3969
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The lien herein established may be foreclosed in the • same manner as real estate mortgages may be foreclosed in the State of Florida. The lien granted herein shall also secure such payment of or advances for taxes and payments on 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 basis of advances made from time to time at the highest legal rate of interest on all such advances made by that Association. All persons, firms, corporations, and other business entities, which shall acquire by whatever mean, any interest in 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 notice of the lien rights granted to the Associations under this Declaration (including the partial exception for institutional first mortgages) and all, of such persons, firms, corporations, and other business entities shall acquire their rights, title and interest in and to sald Lot or Dwelling Unit expressly subject to the lien rights (and exceptions) provided herein. Section 4.12. Lien Preparation and Recording. The lien created pursuant to this Declaration exists as of the date the Association sets the amount of its quarterly assessments for that year. The lien shall continue in effect until all sums secured by the lien havt: 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 the Lot is located of a claim of lien stating the description of the Lot or Dwelling Unit encumbered by the lien, the name of the record owner of the Lot or Dwelling Unit, the amounts due at that time and the date when any part of the unpaid amount 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 aocelerated amount. The claim of the lien shall perfect the lien not only for assessments which are due and payable when the claim oflien is recorded, but also for interest, collection costs, reasonable attorneys' fees, and advances to pay taxes and prior encumbrances and interest thereon, all as provided herein. The claim oflien 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 made, the claim of Een shall be satisfied of record by the President or Vice President of the Association involved. These Covenants and Restrictions may 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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