Orange County NC Website
21 <br /> when due. The claim of lien will be recordable any time after thirty(30) days after the due date <br /> of the assessment or any, installment thereof and the lien will continue in effect until all sums <br /> secured by said lien as herein provided will have been fully paid. Such claims of lien will include <br /> all assessments which are due and payable when the claim of lien is recorded, plus interest, costs, <br /> attorney's fees, advances to pay taxes, and prior encumbrances and interest thereon, all as above <br /> provided. Such claims of lien will be signed by an officer or agent of the Association. Upon full <br /> payment of all sums secured by such claim of lien,the same will be satisfied of record. <br /> Section 4.10. Subordination of the Lien to Mortgages and Ad Valorem Taxes. <br /> The lien of the assessments provided for herein will be subordinate to the lien of any <br /> institutional first mortgage and ad valorem taxes on said Lot. Sale or transfer of any Lot will not <br /> affect the assessment lien. However, the sale or transfer of any Lot pursuant to mortgage or tax <br /> foreclosure or any proceeding in lieu thereof, will extinguish the lien of such assessments as to <br /> payments which became due prior to such sale or transfer, but will not abate the personal <br /> obligation of the prior owner. No sale or transfer will relieve such Lot from liability for any <br /> assessments thereafter becoming due or from the lien thereof. <br /> Section 4.11. Exempt Property. Any portion of the Property dedicated to, and accepted <br /> by, a local public authority and any portion of the Property owned by a charitable or non-profit <br /> organization exempt from taxation by the laws of the State of North Carolina may be exempt <br /> from the assessments created herein. However,no land or improvements devoted to dwelling use <br /> will be exempt from said assessments. <br /> Section 4.12. Responsibility for Maintenance of the Grounds of Each Lot <br /> (Excluding Improvements Thereon). It will be the responsibility of each Lot Owner to <br /> maintain his or its Lot grounds in a clean cut,well kept and neat manner. <br /> Page 1 t of 50 <br />