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Senator Ring moved the following amendment:

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     Senate Amendment

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     Delete lines 102 through 119

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and insert:

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(c) The association may bring an action in its name to

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foreclose a lien for assessments in the same manner in which a

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mortgage of real property is foreclosed and may also bring an

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action to recover a money judgment for the unpaid assessments

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without waiving any claim of lien. The association is entitled to

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recover its reasonable attorney's fees incurred in an action to

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foreclose a lien or an action to recover a money judgment for

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unpaid assessments.

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     (d) If the parcel owner remains in possession of the parcel

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after a foreclosure judgment has been entered, the court may

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require the parcel owner to pay a reasonable rent for the parcel.

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If the parcel is rented or leased during the pendency of the

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foreclosure action, the association is entitled to the

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appointment of a receiver to collect the rent. The expenses of

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the receiver must be paid by the party who does not prevail in

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the foreclosure action.

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     (e) The association may purchase the parcel at the

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foreclosure sale and hold, lease, mortgage, or convey the parcel.

4/25/2008  10:31:00 AM     32-08714-08