|
<br />84,.......' 004571
<br />
<br />I
<br />r
<br />
<br />shall be subordinate to the lien of any first mortgage and any
<br />first mortgagee may rely on this provision without execution of
<br />any further subordination agreement by the Association. Sale or
<br />transfer of any Lot shall not affect the status or priority of
<br />the lien for assessment made as provided herein. The Board of
<br />Directors of the Association may release the lien of past due
<br />assessments on property as to which the first mortgage is in
<br />default if the Board determines that the lien has no value to the
<br />Association.
<br />
<br />ARTICLE V
<br />
<br />
<br />ARCHITECTURAL CONTROL
<br />
<br />Except as hereafter provided, no building, fence, wall or
<br />other structure shall be commenced, erected or maintained upon
<br />the Properties, nor shall any exterior addition to or change or
<br />alteration therein be made until the plans and specifications
<br />showing the nature, kind, shape, height, materials, exterior
<br />color scheme, and location of the same shall have been submitted
<br />to and approved in ,.Jri t ing as to hann( 'y of external design in
<br />location in relation to sllcroundi~~ s. uctures and topography by
<br />an Archi te..:tural Comnli [tee ;.:_ompo:. ~ ;- 0 l three (3) or more repre-
<br />sentatives appointed by the Board (Committee) or by the Board of
<br />Directors of the Association which shall perform the duties here-
<br />under of the Committee if no Committee is' appointed, In the event
<br />that the Committee fails to approve or disapprove such design and
<br />location \,i.thin thi rtv '.30 i days after said plans and specifica-
<br />tiun~ have heen submitted to it, approval will not be required,
<br />and this Article will be deemed to have been fully complied with.
<br />
<br />Declarant's "pccificallv reserve the right to construct a
<br />residentia] swimming pool pn thE:.' premises known as Lot 2, Regency
<br />Country Club \'illa Subdivision. The construction shall, however,
<br />cumplv ~ll ,ill ccsp~-:ct'-: '...rith lucaL ~-1l1d state regulations governing
<br />s\vimmillg p\..)(:l~:~ clod (urlher, ~hdll be of sllch nature, kind, shape)
<br />height. matcri{ll~, t'xlcrill[ coll)r ~che~e, Jlld location, so as to
<br />exist .in harmunv \.;jLh the df'~ign and tncatiull of surrounding
<br />structurt:~.
<br />
<br />::1 the \..-,,,'-t.'lIe De-.:l:tLlut:, d:.' -,-:UU_'-:.tl'lH.:t ;j t"t'sidentjal swimming
<br />p\_)c.l c'n i,,)t ',K('g~_:IlI..:Y ",)Ulltt"\' c-:tub \'iIla Subdivision) (hen they
<br />~lgn2L> t\..) pdV ,l~ 1 L,l:"";t'~ Jr.:'\'icd up"in ,un -It.tcibutable to the swim-
<br />mi n.g p\1\d, ,lIll! furt ht.r lbl.t't::~ Lu paY chat port Lon of the insurance
<br />prt~mlum :l.t"tr"ibuLdol....- {, '~did puuL, ,'ind in addiLi(,n, to hold harm-
<br />It..':--.~ I: 1 :tth'l ~nt.'mb1;.:l-..... it" tht:~ ~1~~l)ci<1ti(1l1 from anv liabiJity in
<br />1-t..";-'~~i..,'\..t t\l ill.luril.:.':-' '-.ut'ft..'rt,'.J b\ ,ll1Y }"t.'1-:-'l..H1 ,It tht~' p\)ot.
<br />
<br />u
<br />
<br />L
<br />
<br />L
<br />
<br />.-.l
<br />
<br />i
<br />L_
<br />
|