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with no more than one (1) vote being cast with respect to any Lot. Voting privileges are restricted to paid-up members only. 4. Notwithstanding the provisions for voting by membership in the Association, the Declarant shall Control the Association and may appoint and remove the officers and members of the Board of Directors until the earlier of: (a) Sixty (60) days after conveyance of Ninety Percent (90%) of the lots to owners other than the Declarant; or (b) Two (2) years after Declarant has ceased to offer lots for sale in the ordinary course of business. Not later than sixty (60) days after conveyance of Twenty-Five Percent (25%) of Lots to Owners other than Declarant, at least one (1) member and not less than Twenty-Five Percent (25%) of the members of the Board of Directors shall be elected exclusively by Owners other than the Declarant. Not later than sixty (60) days after conveyance of Fifty Percent (50%) of the Lots to Owners other than the Declarant, not less than Forty Percent (40%) of the members of the Board of Directors shall be elected exclusively by Owners other than the Declarant. Not later than the termination of the period of the Declarant's control, the owners shall elect a Board of Directors of at least three (3) members, at least a majority of whom shall be owners. The Board of Directors shall elect the officers. The members of the Board of Directors and officers shall take office upon election. S. Each Owner of any Lot contained within the Property agrees to this DECLARATION OF RESTRICTIVE COVENANTS, RESTRICTIONS AND CONDITIONS by acceptance of any conveyance of any Lot, or any portion thereof, including subsequent lots created by a subsequent resubdivision of these current lots whether or not it is so expressed in any such conveyance. B. Restrictions 1. The Owner of any Lot shall not use or allow the use of such Lot or any building thereon for any purpose that will be noxious, offensive or detrimental to the use of the other Lots. No noise or other nuisance shall be permitted to exist or operate upon any portion of the Property so as to be offensive or detrimental to any other portion of the Property or its occupants. 2. No Lot shall be used for other than single-family residential purposes. No building shall be erected on any Lot except one dwelling structure designed for occupancy by a single family. No Lot may include a basement house, apartments, townhouses, duplexes, or condominiums. No person may engage in any business, occupation or commercial enterprise upon any Lot in the Property. No Lot or Lots shall be divided or split to create smaller building areas. Lots may be combined, or combined and divided, to establish larger building areas. 3. Each dwelling structure shall be of design appropriate to the site and shall be of first-class materials and construction. No prefabricated, component, modular or mobile home may be used as a dwelling structure. It is the intention and purpose of these covenants and restrictions to insure that all dwelling structures shall be of a quality of design, workmanship, and materials that are compatible and harmonious with the natural setting of the Property and 4