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201405206 Section 3. Alterations or Enlargement of Common Elements by Association. There shall be no enlargement of the common elements and improvements on Outlots A, B, and C, and no addition thereto if such enlargement or addition shall cost more than Five Thousand Dollars ($5,000.00) during any fiscal year, unless and until such a proposal is approved in writing by owners holding at least seventy -five percent (75 %) of the members of the Association. Section 1. Use Restrictions. ARTICLE VIII. RESTRICTIONS AND RESERVATIONS In order to provide for congenial occupancy of the condominium and for the protection of the value of the units, the use of the property shall be restricted to and shall be in accordance with the following provisions: (a) The units shall be used for residences only by the owner or owners thereof, their families, guests, invitees, lessees, and licensees. All occupants shall be 55 years of age or older. Each unit shall be allowed to have guests under said age for a period of no more than two (2) weeks in any given year period. (b) The common areas and facilities, and those improvements on Outlots A, B, and C, including the limited common areas and facilities, shall be used only for the furnishing of the services and facilities for which they are reasonably suited and which are incident to the use and occupancy of the units. (c) No nuisances shall be allowed on any condominium property nor shall any use or practice be allowed which is a source of annoyance to its residents or which interferes with the peaceful possession or proper use of any condominium property. (d) No improper, offensive or unlawful use shall be made of any condominium property or any part thereof, and all valid laws, zoning laws and regulations of all governmental bodies having jurisdiction thereof shall be observed. Violations of laws, orders, rules, regulations or requirements of any governmental agency having jurisdiction thereof, relating to any portion of the condominium property shall be corrected, by and at the sole expense of the unit owners or the Executive Board, whichever shall have the obligation to maintain or repair such portion of the condominium property. (e) The Executive Board shall have the authority to proscribe the storage of fuel, explosives, chemicals and any other material it deems hazardous in units or garages. Section 2. Transfer /Membership Fee. (a) Upon purchase of a condominium or a private home within the premises of the Village at Riverside Lodge, a Transfer /Membership Fee of $2500 is assessed to the new buyer. (b) This fee is paid at the time of the closing of the transaction, payable to Developer, Thayer Family, L.L.C. (c) This Transfer/Membership Fee entitles the buyer to become an Associate Member of the Riverside Lodge Retirement Community. (d) The amenities included with this membership are: • Participation in the meal service at the Lodge; • Access to the Ice Cream Shoppe; • Participation in the spiritual and chapel services at the Lodge; • Access to the Hair Salon services as schedule permits; 11