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resolutions, ordinances or laws thereunto appertaining. <br />C. DELINQUENT ASSESSMENTS. If the owner of any lot or <br />parcel of land assessed for the Project shall be delinquent in <br />the payment of any Assessment for a period of 30 days, then the <br />County shall declare the entire unpaid balance of such Assessment <br />to be in default. and, at its own expense, shall cause such <br />delinquent property to be foreclosed in the same method now or <br />hereafter provided -by law for the foreclosure of mortgages on <br />real estate, or otherwise as provided by law. If such fore- <br />closure be not filed and prosecuted to completion within 10 <br />months of the due date of the delinquent Assessment, then any <br />Registered Owner may file and prosecute such foreclosure action <br />in the name of the County for the benefit of the Registered <br />Owners of all outstanding or unpaid Bonds and interest thereon. <br />All money realized thereby, except attorneys fees and costs which <br />shall be paid directly to the Registered Owners that have <br />incurred the same, shall be deposited into the Improvement Fund, <br />after satisfaction of the provisions of the resolutions <br />authorizing the issuance of the Prior Lien Obligations, and <br />distributed as above provided. The County further covenants, at <br />its expense, to furnish to any Registered Owner requesting the <br />same, 60 days after the due date of each annual installment, a <br />list of all delinquent installments, together with a copy of the <br />County annual audit, and a list of any foreclosure actions in <br />progress and the current status of the same. <br />D. FORECLOSURE OF ASSESSMENT LIENS. If any property <br />shall be offered for sale for the non-payment of any Assessment, <br />and no person or persons shall purchase the same for an amount <br />equal to the full amount due on the Assessment (principal, <br />interest, penalties and costs, plus attorneys fees, if any), the <br />property shall then be purchased in the name of the County for an <br />amount equal to the balance due on the Assessment (principal, <br />interest, penalties and costs, plus attorneys fees, if any), and <br />the County shall receive in its corporate name the title to the <br />-5- <br />JUN 5 1995 BOOK <br />L <br />41 <br />