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25
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2011
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081611
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25
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8/10/2011 1:54:51 PM
Creation date
8/10/2011 1:13:00 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
8/16/2011
DESTRUCT DATE
15Y
DOCUMENT NO
25
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C169-018 E:-- j .5O8: <br /> would be superior thereto, and ( ii ) the lien or charge <br /> of any first Mortgage of record (meaning any recorded <br /> Mortgage with first priority over other Mortgages ) made <br /> in good faith and for value. <br /> (b) The Enforcement Lien may be <br /> enforced by foreclosure by the Association, its attor- <br /> ney or other authorized person, after failure of the <br /> Owner to pay the Enforcement Expense in accordance with <br /> its terms, such foreclosure to be conducted in accor- <br /> dance with the provisions of Sections 2924-2924h of the <br /> California Civil Code , applicable to the exercise of <br /> powers of sale in mortgages and deeds of trust, or in <br /> any other manner permitted by law. <br /> (c) . The Association shall have the <br /> right to bid for the Lot at foreclosure sale, and to <br /> acquire and hold, lease, mortgage and convey the same. <br /> Suit to recover a money judgment for unpaid Enforcement <br /> Expenses , interest, rent and attorneys ' fees may be <br /> maintained without foreclosure or waiving the Enforce- <br /> ment Lien securing the same. <br /> 8 .2 . 5 Release for Cure. Upon the timely <br /> curing of an unpaid Enforcement Expense for which an <br /> Enforcement Lien was recorded, the Association may <br /> record an appropriate release of such notice upon <br /> payment by the defaulting Owner of a fee determined by <br /> the Association, not to exceed Five Hundred ( $500 . 00 ) <br /> -43- <br />
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