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200900539 (7.) Upon transfer of title, construction of dwelling must start within two (2) years. Each dwelling will then have one year to be completed. If the same individual or entity purchases multiple lots, the previously mentioned time restrictions will be extended an additional year for each additional lot purchased. In the event the time restrictions previously mentioned are not met, Centura Hills Golf Club, L.L.C. or its successors and assigns shall have the option to a) repurchase the lot for the amount paid for the lot or b) assess a penalty of three (3) per cent per annum of the amount paid for the lot. A written notice to the titleholder of the lot will exercise the option. B. Garaees and Outbuildines. All dwellings on residential lots must include a garage, which must accommodate at least two (2) cars. All garages must be attached directly or connected thereto by a breezeway or similar structure. All garages and outbuildings shall be of the same quality and material of construction as the outside finish and roof of the residential structure. Outbuildings may not exceed one hundred (100) square feet. No garage or outbuilding shall be constructed of unsightly materials, boxes, or similar lumber. No garage or outbuilding shall be moved into the subdivision and placed upon a residential lot. No metal or plastic storage sheds shall be permitted to be on any of the lot. 3. Exterior Liehtine. No mercury or sodium vapor lights are allowed on any lot. Street lighting by the Village of Cairo shall be exempted from all lighting restrictions. 4. Drainaee. Lot drainage and associated structures to accomplish the desired result will be as directed by the engineer of the Village of Cairo. Drainage easements affecting individual lots are noted on the Centura Hills East Subdivision Plat Map. s. Architectural Committee and Duties. An Architectural Committee shall be formed by the owners of Lots Two (2) through Twelve (12), Block One (1) and Lots Two (2) through Eighteen (18), Block Two (2) of Centura Hills East Subdivision and shall consist of five (5) members. Four (4) of these members shall be elected by a majority vote of the owners of lots. The remaining member shall be a representative of Centura Hills Golf Club, L.L.C. as appointed by its Board of Directors. Each lot shall be given one vote regardless of the number of owners of the lot. Each Committee member shall serve for a five (5) year term. Upon the expiration of a term or upon the sale or other conveyance of a committee member's lot, a new member shall be elected by majority vote. The Architectural Committee shall have the responsibility for approving construction and landscaping plans on the lots, and the responsibility for maintaining a uniform quality in construction. In the event the committee fails to approve or disapprove any design and location within thirty (30) days following the submission of the plans and specifications to the Architectural Committee, approval will not be required and this Paragraph will be deemed to have been fully in compliance. Approval by the Architectural Committee shall not relieve the contractor from obtaining a building permit from the proper building department of Hall County or the Village of Cairo. Any additions to or modifications of any existing home requiring a building permit from Hall County or the Village of Cairo shall not be made until the plans and specifications showing the nature of the additions or modification have been submitted to and approved by the Architectural Committee in writing. 6. Setback Requirements. All buildings shall be placed on the lot in accordance with the setback requirements of the Village of Cairo. All such measurements shall be computed from the foundation of the structure to the nearest property line. Driveways may be built within the setbacks if approved by the Architectural Committee. 7. Pets. No barns, chicken houses, house trailers, commercial work or sales shops, or other buildings for the care and housing of fowl, rabbits or livestock shall be placed, maintained or used on any lot, nor shall any fowl, rabbits or animals other than household pets be kept upon any lot, and household pets shall not be kept, fed or maintained for any commercial purpose. Pets such as dogs or cats are permitted, but shall be kept restrained. Complaints by homeowners or members of the Centura Hills Golf Club, L.L.C., of unnecessary Centura Hills East Subdivision, Rcstrictive Covenants Pagd of 5