(a) Giving the name of the owner then in default in the payment of the sums due;
(b) Stating the sums due, either principal or interest and any unpaid late payment penalties or charges;
(c) Containing a description of the property upon which the sums are owing; and
(d) Declaring the whole sum, both principal and interest, due and payable at once.
(2) The governing body may then proceed at once to collect all unpaid installments and to enforce collection thereof, with all unpaid late payment penalties and charges added thereto, in the same manner in which delinquent property taxes are collected under applicable law or, in the case of a city, in the same manner as street and sewer assessments are collected pursuant to the terms of the city charter. [Amended by 1991 c.902 §19; 2003 c.802 §13]