(A) The cost of repair, demolition, vacation or enclosure shall be recoverable from the owner or owners of the real estate and shall be a lien thereon, which lien shall be subordinate to all prior existing liens and encumbrances; provided that, within 60 days after the cost and expense is incurred, the village or person performing the service by authority of the village, in his, her or its own names, shall file notices of lien in the office of the County Recorder of Deeds. The notice shall consist of a sworn statement setting out:
(1) A description of the real estate sufficient for identification therefor;
(2) The amount of money representing the cost and expense incurred or payable for the service; and
(3) The date or dates when the cost and expense was incurred by the village.
(B) Upon payment of the cost and expense by the owner of or persons interested in the property after notice of lien has been filed, the lien shall be released by the village or person in whose name(s) the lien has been filed and the release may be filed of record as in the case of filing notice of lien. The lien may be enforced by proceedings to foreclose as in the case of mortgages or mechanics of lien. Suit to foreclose this lien shall be commenced within three years after the date of filing notice of lien.
(`92 Code, § 25-5-8)