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Any sale of Assessed Property for nonpayment of the delinquent Annual Installments shall <br />be subject to the lien established for the remaining unpaid Annual Installments against <br />such Assessed Property and such Assessed Property may again be sold at a judicial <br />foreclosure sale if the purchaser thereof fails to make timely payment of the non - <br />delinquent Annual Installments against such Assessed Property as they become due and <br />payable. <br />Each Annual Installment, including the interest on the unpaid amount of a Special <br />Assessment, shall be assessed annually. Each Annual Installment together with interest <br />thereon shall be delinquent if not paid prior to February 1 of the following year. The initial <br />Annual Installments relating to the Major Improvement Public Improvement PID Bonds <br />will be due when billed, and will be delinquent if not paid prior to February 1, of each year <br />during the life of the bonds. <br />G. Surplus Funds Remaining in the Major Improvement Public Improvement <br />PID Bond Account <br />If proceeds from the Major Public Improvement PID Bonds still remain after all of the Major <br />Public Improvements are constructed and accepted by the City, the proceeds may be <br />utilized in accordance with Section VI.E of this SAP. <br />27 <br />