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184.200 Penalty in case of installment default -- Acceleration -- Enforcement of lien.

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184.200 Penalty in case of installment default -- Acceleration -- Enforcement of lien. If any person liable for any part of said assessment defaults in the payment of any <br>installment thereof or interest thereon for one (1) month after payment becomes due, a <br>penalty of ten percent (10%) of the installment in arrears shall be added thereto, which <br>shall constitute a like lien as the assessment, and thereafter all unpaid installments of the <br>assessment against such person shall, at the option of the district, or of any holder of an <br>apportionment warrant or bond secured thereby, forthwith become due and payable. It <br>shall be the duty of the district, for the use and benefit of the owner or owners of such <br>bonds or apportionment warrants, to institute, in its own name and at its own cost, proper <br>proceedings for the enforcement of such lien, except that the costs of the action, including <br>attorneys' fees, shall be added to the amount of the delinquent assessment and shall be <br>first payable out of the moneys received through enforcement of the district's lien. If the <br>district fails to institute such proceedings for thirty (30) days after notice of such default, <br>any owner of a bond or apportionment warrant secured by such lien may, in his own name <br>and on his own behalf and on the behalf of other owners of such bonds or apportionment <br>warrants, institute and prosecute such proceedings in any court of competent jurisdiction. History: Created 1942 Ky. Acts ch. 65, sec. 20.