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Page 13 of 51 <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 /> Section 4.13.Exterior Improvement Maintenance Responsibility. Each Lot Owner, <br />at his sole cost and expense, will provide exterior upkeep and maintenance of the improvements <br />on the Lot. Such improvements will always be maintained in a neat and attractive manner and in <br />62