88105085 - Laserfiche WebLink

Browse

88-105085 site in the properties is expressly prohibited except that "for sale" or "for rent" signs may be erected by Declarant and "for sale" or "for rent" signs may be placed by others after first obtaining the written consent of the Declarant; provided, however, that the permission of Declarant shall not be required hereunder after January I, 1992. Section 7. Outbuildings Prohibited. No outbuilding or other attached structure appurtenant to a residence may be erected on any of the building sites hereby restricted without the consent in writing of the Committee. Section 8. Temporary Structure. No trailer, basement, tent, shack, garage, barn, or other outbuilding shall at any time be used for human habitation, temporarily or permanently, nor shall any structure of a temporary ch"racter be used for human habitation. Provided, however, nothing contained shall restrict Declarant or their assigns from locating,' constructing or moving a temporary real estate and/or construction office on any building site in the properties to be used during the period of the construction and sale of the properties. De- clarant or their assigns may also erect and maintain model homes for sale purposes and rental and lease purposes and may operate such office or offices therein for so long as they deem necessary for the purposes of salling, renting or leasing the properties. ARTICLE VIII. INSURANCE Section 1. Basic Coverage. Insurance policies upon the properties including the structures but excluding the furnish- ings of individual townhouses shall be purchased by and in the name of the Association for the benefit of the Association and the Owners of each lot as their interests may appear. Pro- vision shall be made for the issuance of certificates of insur- ance to holders of first mortgages upon individual lots. The insurance shall cover all buildings and improvements upon the land in an amount equal to the full insurable value thereof as determined annually by the Association, but with co-insurance clauses being permitted. Such ccverage shall afford protection against loss by fire and extended coverage hazards, Unless speci- fically requested by the Owner of any lot, the Association need not procure insurance covering any additional improvements made to the premises by an Owner subsequent to the original purchase of said lot from the Declarant. In addition, insurance shall be procured for workmen's compensation coverage and at least $100,000/$300,000 B.I. and $50,000 P.O. public liability in- surance covering the properties, the Association and its employees. Section 2. Additional Coverage, The Association may also procure, if requested by the Owner of any lot, insurance upon the personal property, furnishings and improvements located or constructed on the premises by said Owner as well as personal liability insurance provided that the cost of such additional insurance shall be considered in the nature of a special assessment to be specially assessed against the lot for which purchased or the Owner of said lot. The Association is further empowered to procure such other insurance as the Association may deem advisable from time to time. Section 3. Special Assessment. The cost of insurance premiums shall be included in the monthly maintenance assessment made to the Owner of each lot insured under the provision of this Declaration. -8-