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<br /> i Section 4. Lien for Assessments. When a notice of
<br /> assessment has been recorded, such assessment shall constitute
<br /> 0 a lien on each Residential Unit prior and superior to all other
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<br /> u` liens, except (1) all taxes, bonds, assessments, and other
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<br /> W levies which by law would be superior thereto, and (2) the lien
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<br /> r or charge of any first mortgage of record (meaning any recorded
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<br /> mortgage or deed of trust with first priority over other mort-
<br /> W ' gages or deeds of trust) made in good faith and for value.
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<br /> 0:,. Such lien, when delinquent, may be enforced by sale
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<br /> ci,'; by the Association, its attorney, or other person authorized to
<br /> make the sale, after failure of the Owner to pay such assess-
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<br /> ment in accordance with its terms, such sale to be conducted in
<br /> accordance with the provisions of Sections 2924-2924h of the cn
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<br /> California Civil Code, applicable to the exercise of powers of CJ
<br /> sale in mortgages and deeds of trust, or in any other manner
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<br /> i permitted by law.
<br /> The Association, acting on behalf of the Owners, shall
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<br /> have the power to hid for the Residential Unit at foreclosure
<br /> sale and to acquire and hold, lease, mortgage, and convey the
<br /> same. Where the purchase of a foreclosure lot/unit will result
<br /> in a five (5%) percent or greater increase in assessments, the
<br /> IA,. ' j purchase shall require the vote or written consent of a major-
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<br /> ,,',x ,, ity of the total voting power of the Association, including a
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<br /> }jj majority of Members other than Declarant. During the period
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<br /> owned by the Association, following foreclosure: (1) No right
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