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200112287
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200112287
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Last modified
10/14/2011 1:17:42 PM
Creation date
10/20/2005 11:27:22 PM
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DEEDS
Inst Number
200112287
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20011228' <br />11. EROSION CONTROL: During construction on any lot in the Commercial <br />Properties, the titleholder shall control soil erosion. Upon failure to do so, the Corporation <br />may enter upon the lot and contract for the services necessary to control erosion and bring <br />the lot into compliance with this Paragraph and assess the actual costs plus a 10% <br />administrative charge against the lot. When shown of record, such assessment shall be <br />a lien upon the lot and shall bear interest at the rate established by the Corporation for <br />unpaid assessments. <br />12. SIGNS: All advertising signs, billboards, or any other advertising devices on <br />any lot within the Commercial Properties shall be subject to the prior written approval of the <br />Developer pursuant to Paragraph 3 above. <br />13. OWNER'S ASSOCIATION: Every person or entity who becomes a titleholder <br />of a fee or undivided fee interest in any lot within the Commercial Properties shall be a <br />member of the Corporation. However, any person or entity who holds such interest merely <br />as security for the performance of an obligation shall not be a member. <br />14. MEMBERSHIP: The Corporation shall have the following two classes of <br />membership: <br />Class A membership shall include all members of the Corporation except the <br />Developer and any successor in interest. Each Class A member of the Corporation <br />shall be entitled to all the rights of membership and to one vote for each <br />Assessment Unit. <br />Class B membership shall include only the Developer and any successor in <br />interest. The Class B member shall be entitled to eight votes for each Assessment <br />Unit. However, the Class B membership shall be converted to Class A membership <br />when the total number of votes entitled to be cast by Class A members equals the <br />total number of votes entitled to be cast by the Class B members. <br />15. CONVEYANCE: The Developer shall convey its interest, if any, in the <br />Commons and Easements to the Corporation, free from liens, prior to the date on which <br />the Developer's Class B membership in the Corporation is converted to Class A <br />membership. <br />16. CONTROL: The Corporation shall exercise exclusive control over any <br />Commons and Easements conveyed to it by Developer. The Corporation may limit access <br />to the Commons. The Corporation shall have the right from time to time to establish, <br />revoke, modify and enforce reasonable rules and regulations with respect to all or any part <br />of the Commons. <br />17. MAINTENANCE. The Corporation covenants and each member of the <br />Corporation, by the acceptance of a deed by which the interest requisite for membership <br />El <br />
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