(1) Any assessment for which payments have been deferred, extended, or modified under section 7.195 or section 7.197 shall be a lien on the property to which the assessment pertains. Except as provided in subsection 7.220(2) and except as provided in subsection 7.220(3), when such an assessment becomes due under section 7.210, the entire unpaid principal plus interest shall be due and payable and it may be enforced and collected as though it has not been deferred, extended, or modified and as though no timely application was made to pay the assessment in installments.

(2) When a deferral, extension or modification of assessment payments given under subsection 7.195(2) ends for the reasons in subsections (b), (g)(2), (g)(3), (g)(4) and (i) of section 7.210, the real property owner may pay the assessment and interest thereon as provided in section 7.190 from the date the deferral, extension or modification ended.

(3) When an owner eligible for deferral under subsection 7.195(3) fails after one year to be eligible for the deferral previously granted, only the portion of the deferral for which the owner is no longer eligible plus accrued interest thereon shall be paid as provided in subsection 7.190(2). If the owner fails to make the payments as provided in subsection 7.190(2), the finance officer may collect the entire amount of the city’s lien against the owner’s property as provided in subsection 7.225(2).