Priority. A commercial PACE lien secures payment for any unpaid commercial
PACE assessment and, together with all associated interest and penalties
for default and associated attorney's fees and collection costs,
takes precedence over all other liens or encumbrances except a lien
for real property taxes of the municipality and liens of municipal
sewer, sanitary and water districts. From the date of recording, a
commercial PACE lien is a priority lien against a property, except
that the priority of such a commercial PACE lien over any lien, except
a lien for real property taxes of the City or a lien of a municipal
sewer, sanitary or water district, that existed prior to the commercial
PACE lien is subject to the written consent of such existing lienholder.