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(continued from previous page) levied by the Association in connection with unpaid assessments, shall be subordinate to the lien of any First Mortgage. Sale or transfer of any Lot shall not affect the lien for said assessment charges except that sale or transfer of any Lot pursuant to foreclosure of any such First Mortgage, or any proceeding in lieu thereof, including deed in lieu of foreclosure, shall extinguish the lien of assessment charges which became due prior to any such sale or transfer, or foreclosure, or any proceeding in lieu thereof; provided however, that any such delinquent assessment charges, including interest, late charges, costs and reasonable attorneys fees, which are extinguished as provided herein may be reallocated and assessed to all Lots as a common expense. No such sale, transfer, foreclosure, or any proceeding in lieu thereof, including deed in lieu of foreclosure, shall relieve any Lot from liability for any assessment charges thereafter becoming due, nor from the lien thereof provided, however, that in the event of foreclosure of a First Mortgage or the taking of a deed in lieu thereof, such First Mortgagee shall not be liable for unpaid assessments or other charges which accrue prior to the acquisition of title to the Lot in question by such First Mortgagee. Notwithstanding anything to the contrary contained in this Declaration, however, any person or entity (including without limitation a First Mortgagee) shall be deemed to have become an owner for purposes of the obligation to pay assessments to the Association, upon the following date (as applicable):
(a) receipt of a deed in lieu of foreclosure; or
(b) expiration of all statutory rights of redemption if such person or entity is at that time the holder of either a Certificate of Purchase issued by the Public Trustee of the County in which the subject Lot is located or a Sheriffs Certificate of Purchase on said Lot.
ARTICLE V
Section 1. Composition of Committee: The Architectural Review Committee shall consist of three (3) or more persons appointed by the Board of Directors of the Association; provided, however, that until all Lots have been conveyed by the Declarant to the first owner thereof (other than Declarant), Declarant shall appoint the Architectural Review Committee. A majority of the Committee may designate a representative :0 act for it. The power to appoint, as provided herein, shall include without limitation the power to: constitute the initial and any subsequent membership of the Architectural Review Committee; appoint member(s) to the Architectural Review Committee on the occurrence of any vacancy therein, for whatever reason, remove any members of the Architectural Review Committee, with or without cause, at any time, and appoint the successor thereof; and each such (continued next page)
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