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Section 12. "Member" shall mean an Owner of a Lot in the Properties. 241 804258 Section 13. "Nottingham Estates Owners Association Rules and Regulations" shall mean the rules and regulations adopted by the Board pursuant to Articles II and III. Section 14. "Owner" shall mean and refer to the record owner, whether one or more persons or entities, of a fee simple title to any Lot which is a part of the Properties, excluding those having such interest merely as security for the performance of an obligation, or the purchaser under a recorded contract for the sale and purchase of a Lot under which the seller retains title solely as security for the performance of the purchaser's obligations under the contract. Section 15. "Properties" shall mean and refer to that certain real estate described above which is subject to this Declaration. ARTICLE II PROPERTY RIGHTS Section 1. Owner's Easements of Enjoyment. Every Owner shall have and there is hereby granted to all Owners a right and easement of enjoyment in and to the Common Area located as above described within the Properties which easement shall be appurtenant to and shall pass with the title to every Lot, subject to the right of the Association to suspend the voting rights and right to use of the recreational facilities by an Owner for any period during which any Assessment against this Lot remains unpaid. The Association shall have the right to dedicate or transfer any or all parts of the Common Area to any public agency, authority or utility for such purposes and subject to such conditions as may be agreed to by the members; provided that no such dedication shall be effective unless approved by two - thirds (2/3) of the Members of the Association. Section 2. Delegation of Use. Any Owner may delegate his right of enjoyment to the Common Area and facilities to the members of his family, guests or tenants; provided, however, that said Owner shall be responsible to the Association for the conduct upon and use by said family, guests or tenants of the Common Area. Section 3. Parking Spaces. Ownership of each Lot shall entitle the owner or owners thereof to the use of not more than two (2) automobile parking spaces, which shall be as near and convenient to said Lot as reasonably possible, together with the right of ingress and egress in and upon said parking area. The Board may assign parking spaces in its discretion. ARTICLE III MEMBERSHIP AND VOTING RIGHTS Section 1. Every Owner of a Lot within the Properties shall be a Member of the Association. Membership shall be appurtenant to and may not be separated from ownership of any Lot. 4