J. MILLARD TAWES, Governor                           633

in the payment of any one or more of such instalments, the balance
of said lien may be accelerated at the option of the manager, or
board of directors and be declared due and payable in full.

132. PRIORITY OF LIENS.

(a) The lien established by Section 131 of this subtitle shall have
preference over any other assessments, liens, judgments or charges
of whatever nature, except the following:

(b) (A) General and special assessments for real estate taxes on the
condominium unit and,

(c) (B) The liens of any deeds of trust, mortgage instruments or
encumbrances duly recorded on the condominium unit prior to the
assessment of the lien thereon or duly recorded on said unit after
receipt of a written statement from the manager or board of di-
rectors reflecting that payments on said lien were current as of the
date of recordation of said deed of trust, mortgage instrument or
encumbrance.

(d) (C) Upon a voluntary sale or conveyance of a condominium unit
all unpaid assessments against a grantor co-owner for his pro rata
share of the expenses to which Section 131 of this subtitle refers
shall first be paid out of the sales price or by the grantee in the order
of preference set forth above.

133. JOINT AND SEVERAL LIABILITY OF PURCHASER AND
SELLER FOR AMOUNTS OWING UNDER SECTION 131;
PURCHASERS' RECOVERY, PURCHASERS' OR LENDERS
RIGHT TO A STATEMENT SETTING FORTH AMOUNT
DUE.

(a)   The purchaser of a condominium unit at a voluntary sale
shall be jointly and severally liable with the seller for the amounts
owed by the seller under Section 131 of this subtitle upon his interest
in the condominium unit up to the time of conveyance; without
prejudice to the purchasers' right to recover from the other party
SELLER the amounts paid by him as joint debtor.

(b)  Any such purchaser, or a lender under a deed of trust, mort-
gage or encumbrance, or parties designated by them, shall be entitled
to a statement from the manager or board of directors setting
forth the amount of unpaid assessments against the seller or bor-
rower, and such purchaser or lender shall not be liable for, nor shall
the unit conveyed or encumbered, be subject to a lien for any unpaid
assessment in excess of the amount set forth.

134. INSURING BUILDING AGAINST RISKS; INDIVIDUAL
RIGHTS OF CO-OWNERS.

The co-owners may, upon resolution of a majority, insure the
building against risks, without prejudice to the right of each co-
owner to insure Ms condominium unit on his account and for his
own benefit. The premiums for such insurance on the entire building
shall be deemed common expenses.

135. APPLICATION OF INSURANCE PROCEEDS TO RECON-