Nothing shall preclude Owners from encumbering their property with a mortgage, deed of trust or other security instrument.
Section 2
Subordination.
Any lien created or claimed under the provisions of this Declaration is expressly made subject and subordinate to the rights of any purchase money first mortgage or deed of trust that encumbers any Lot or Unit, made in good faith and for value and no such lien shall in any way defeat, invalidate or impair the obligation or priority of such first mortgage or deed of trust unless the first mortgage or beneficiary of such deed of trust expressly subordinates its interest, in writing, to such lien.
Section 3
Effect of Breach.
No breach of any provision of this Declaration shall invalidate the lien of any mortgage or deed of trust made in good faith and for value, but all of the covenants, conditions, and restrictions shall be binding on any Owner whose title is derived through foreclosure sale, trustee's sale or otherwise.
Section 4
Owners' Rights to Ingress and Egress.
There shall be no restriction upon the Owner's rights of ingress or egress to their Lots or Units which rights shall be perpetual and appurtenant to the Ownership of such Lots or Units.