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<br />-. <br /> <br />, i.:;..il. <br />".. <br /> <br />-.y, <br />~')..~---.j <br /> <br />r,;~i~:'::'7 <br /> <br />"..."'":"=- <br /> <br />-._':-..1.'_.----'-t~--.-:. <br /> <br />against the property of.such owner for the amount due" and <br /> <br />not paid, plus inter~st from the date of demand for payment <br /> <br />At the rate of nine Per cent (9\) per annum, plus all costs <br /> <br />and expenses of coll~ction, including reasonable attorney1s <br />fees. The' lien may be foreclosed in the manner for foreclosure~ <br />of mortgages in the State of Colorado. <br /> <br />32. ProteQtion of Encumbrancer: NO'violation or <br /> <br />breach of any restriQtion, covenant or concition contained <br /> <br />in these protective Qovenants and no action to enforce the <br /> <br />same shall defeat, r~nder invalid or impair the lien of any <br /> <br />mortgage or deed of ~rust taken in good faith for value or <br /> <br />the title or interes~:of the holder thereof or the title <br /> <br />acquired by any pUrcna'ser upon foreclosure of any such <br />w~rtgage or deed of ~ruste <br /> <br />33. Delegqtion to Homeowner's Association: At <br />such time as Declarant has conveyed thirty-three in number <br /> <br />of the total lots of KINGS ROW SUBDIVISION (including the <br /> <br />proposed Second Filing), all Declarant's rights, responsibilities <br /> <br />and,obligations unde~ these protective covenants shall be <br /> <br />delegated, assigned ~nd transferred to KINGS ROH Homeo.....ner's <br /> <br />Association, a Color~do non-profit corporation, and such <br /> <br />Association shall aS~ume and discharge all Declarant's <br /> <br />Obligations hereunde~. The directors of such Association <br />shall appoint the Arqhitectural Control AuthoritYe Declarant <br /> <br />may, by written agre~ment with the Association, delegate its <br /> <br />rights and responsib~lities prior to sale of thirty-three <br /> <br />lots. <br /> <br />.34. Adoption of Protective Covenants for Additional <br /> <br />Filinqs: Declarant, its successors an~ assigns intend to <br /> <br /> <br />record one or more plats of an additional and second filing <br /> <br />for KINGS ROW SUBDIV~SION, and may, by duly executed and <br /> <br />acknowledged documents, incorporate and adopt these Protective <br /> <br />13 <br />