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HomeMy WebLinkAbout2005 11 14 Consent 207 COMMISSION AGENDA ITEM 207 Consent X Information Public Hearing Regular November 14.2005 Meeting Mgr. /!/ /Dept. ~ ~ REQUEST: Community Development Department requests that the Commission approve the Jesup's Landing final subdivision plat and restrictive covenants and authorize their recordation, subject to conditions. PURPOSE: The purpose of this agenda item is to approve for recordation, the final subdivision plat and restrictive covenants for Jesup's Landing. This subdivision plat contains 15 acres and creates 185 townhome lots. APPLICABLE CODE: Code Section 9-75. Final Plat, contents and recording procedures. (a) The final plat shall conform substantially to the approved preliminary plan, and shall be submitted to the city planner as follows: (1) The final plat shall include one (1) linen original. Ifmore than one (1) sheet is required, a suitable index map showing the entire development with index for the various sheets shall be shown on the first sheet. (2) The final plat shall show streets, lots, blocks and easements indicating the centerline, width and sidelines of all easements. (3) Surveys and surveying data on the final plat shall be in accordance with acceptable professional practices and principles for land surveying and preparation of plats. Special consideration shall be given to the relationship of the proposed plat to existing abutting plats to prevent unintended overlap or omission of lands. November 14,2005 Consent Agenda Item 207 Page 2 (4) Mortgage holders shall execute before two (2) witnesses and a notary public the following certification on plats: "The mortgagee(s) consents and agrees to the platting of lands embraced in this plat and to the dedication(s) shown herein; and further, should it become necessary to foreclose the mortgage covering the property, that all pieces and parcels dedicated to the public will be excluded from the suit and the dedication shall remain in full force and effect." (5) A dedication to the public by the owners of all roads, streets, alleys, easements and other rights-of-way, however designated, shown on the plan for the perpetual use of all public purposes. (b) Three (3) copies of all protective or restrictive covenants to be recorded shall be submitted with the final plat. (c) A letter from an acceptable abstractor shall certify the following: (1) That the parties executing the plats are owners of the land included therein. (2) All recorded mortgages, liens and other encumbrances. (3) That taxes and assessments have been paid to date. (4) That the description shown on the plat is correct. (d) An appropriate bond submitted in accordance with the bonding procedures set forth in section 9-76 shall be required for all developments within which improvements are to be dedicated to the public. Section 9.77. Approval of final plat. The city commission may approve the final plat, considering any applicable agency reports, if the plan is in substantial conformity with the approved preliminary plans and it complies with regulations established by this chapter. Action by the city commission may be taken expeditiously, but not to exceed thirty (30) days after receipt of the final plat and supporting data by the city unless delay is requested or caused by the applicant. If the commission certifies that the development has met all requirements hereof, the plat shall be endorsed as finally approved by the mayor and attested by the city clerk in order that the same may be recorded among the public records of the county. Code Section 9-78. Recording/distribution of the final plat. Upon completion of all approval action, the city planner shall be responsible for ensuring that the original linen is signed and sealed, and the plan and deed restrictions, if any, are delivered to the appropriate authority for recording. The developer shall submit to the city the recording fee as specified in the current fee schedule. 2 November 14,2005 Consent Agenda Item 207 Page 3 Chapter 177, Florida Statutes. Chapter 197, Florida Statutes (Section 197.333 When taxes due; delinquent). FINDINGS: 1) The plat is consistent with the approved Development Agreement and its modifications. 2) The plat is consistent with the Comprehensive Plan and City Code. 3) The City's surveying consultant has reviewed the plat and has certified that it meets the platting requirements of Chapter 177, Florida Statutes. 4) Staff has reviewed the plat, performance bond, and restrictive covenants and recommends approval, subject to the following conditions being completed before the City executes and records the plat and restrictive covenants: a. the applicant reimburse the City for the City Attorney's review fees; and b. the City Attorney's review and approval of the plat, performance bond, restrictive covenants, and title certification - applicant to make any changes or provide any additional information required by the City Attorney. c. the property taxes be paid before recordation. RECOMMENDATION: The recommendation is that the City Commission approve and authorize staff to record the Jesup's Landing final subdivision plat and restrictive covenants, subject to the conditions set forth in item 4 of the above findings. ATTACHMENTS: A B Restrictive Covenants Jesup's Landing Final Subdivision Plat COMMISSION ACTION: 3 \ ATTACHMENT A DE CLARA TION OF RESTRICTIONS AND PROTECTIVE COVENANTS FOR JESUP'S LANDING TOWNHOMES Return To: Nancy M. Wallace, Esquire Akerman Senterfitt 106 East College Avenue, 12th Floor Tallahassee, Florida 32301 {TL074862;) } ", TABLE OF CONTENTS Page ARTICLE I. DEFINITIONS ......... ........... ........... ........ .................. ............. ............ ....... .............. 1 ARTICLE II. PROPERTY SUBJECT TO THIS DECLARATION .............................................3 Section 1. Legal Description ................... .............. ......... ...... ....... ............ .................. ......... 3 Section 2. Developer's Right to Add Additional Property to or Withdraw Property............. 3 ARTICLE III. JESUP'S LANDING TOWNHOMES OWNERS' ASSOCIATION .....................3 Section 1. Membership ............. ............................................ ..... .........................................3 Section 2. Voting Rights ............................................................. ............. ................. ......... 3 Section 3. Common Area Ownership......... ............ ............................. ..... ....... ... ....... ... ....... 4 Section 4. Powers............................................................................................................... 4 Section 5. Rules and Regulations.......... ........................ ................... ................................... 4 Section 6. Merger or Consolidation ................................. ......................... ..... .............. .......4 Section 7. Termination of the Association .......... ............. .......... ..... ................... ..... ............ 5 ARTICLE IV. MAINTENANCE OBLIGATIONS ..................................................................... 5 Section 1. Common Area Maintenance...................................................... ......................... 5 Section 2. Street Lighting.......... ................................ .........................................................5 Section 3. Lot Maintenance ...... ...... ......... ....... ............... ............ ................................ ......... 5 Section 4. Irrigation System .......... ..... ........ ............. .................... ...... ............. ............. ....... 6 Section 5. Off site Signage & Landscaping..................................................................... ..... 6 Section 6. Stormwater Drainage Facility................................. ............................... ............ 6 Section 7. Drainage Retention Areas (DRA's) .................................................................... 6 Section 8. Lift Station and Surface Water Management System.........................................6 Section 9. Drainage Improvements within Easements......................................................... 7 ARTICLE V . ASSOCIATION ASSESSMENTS .............................................. ......... ................. 7 Section 1. Creation of the Lien and Personal Obligation for the Assessments .....................7 Section 2. General Assessments ........... ..... ................. ........ .................. .......... .......... ..... ..... 7 Section 3. Date of Commencement of General Assessments; Due Dates ............................8 Section 4. Initial Budget ................ ............ ................................................. ....... ..... ............8 Section 5. Special Assessments ...................... ............ ..... ........ ...... .............. ........... ............ 8 Section 6. Trust Funds. ..... .............. .............. ..... ................ ................... ........................ ......9 Section 7. Guaranteed Assessments during Guarantee Period ............................................. 9 Section 8. Working Capital Fund............................. ................ ...... ..... .......... ..... ..... ............ 9 Section 9. Assessment Roster and Certificate ......................................................... .......... 10 Section 10. Collection of Assessment, Effect of Non Payment of Assessments; The Personal Obligation of the Owner; The Lien, Remedies of the Association.. ............. .......... ....... ................................... ............................... 10 Section 11. Subordination of the Lien to First Mortgages .................................................11 ARTICLE VI. ARCHITECTURAL CONTROL .......................................................................11 Section 1. Architectural Control....................................................................................... 11 {TL074862; I} ARTICLE VII. EASEMENTS.............................. ............ .... ...................... ................. ............. 12 Section 1. Members' Easements ...................................................... ................................. 12 Section 2. Easements Appurtenant .......... ...................................... .......... ......................... 12 Section 3. Utility Easements... ................................ ......................... ...... ............... ............ 12 Section 4. Public Easements......................... ...... .......... ............................. ....................... 12 Section 5. Easements for Encroachment ...........................................................................12 Section 6. Right to Grant or Relocate Easement ...............................................................13 Section 7. Association Easement ........................ .......... ........................ ....................... ..... 13 Section 8. Easement for Access and Drainage ..................................................................13 ARTICLE VIII. GENERAL RESTRICTIVE COVENANTS.................................................... 14 Section 1. Applicability..................................................................... ............................... 14 Section 2. Land Use......................................................................................................... 14 Section 3. Building Location ............................................................................................14 Section 4. Landscaping of Easements ........................... .................. ...... .............. ......... ..... 14 Section 5. Nuisances.... ............... ........ ................ .......... .......................... ......................... 14 Section 6. Temporary Structures.......... ................ ..... ..... ......... ........ ............ ....... .............. 15 Section 7. Signs............................... ........... ................................... ................................... 15 Section 8. Oil and Mining Operations...............................................................................15 Section 9. Animals and Pets .............................................................................................15 Section 10. Visibility at Intersections ..... ..................... ............... ..... ..................... ............ 16 Section 11. Commercial Trucks, Trailers, Campers and Boats.......................................... 16 Section 12. Fences................. ..... .................. .......... .................... ....... .............. ...... ....... .... 16 Section 13. Hedges.......................................... ....... ................. .......... ............................... 16 Section 14. Garbage and Trash Disposal...........................................................................16 Section 15. Drying Areas ....... ....................................... ........ ..... .......... ......... ..... .............. 16 Section 16. Gas Containers.. ...................................... ...... ..................... ...... ...................... 16 Section 17. Communication Equipment............................................................................17 Section 18. County Requireinent ......................................................................................17 Section 19. Drainage......................................... .............. ........................... ...................... 17 Section 20. Pumping or Draining................ ........................... .................... ........ ............... 17 Section 21. Leasing.. .......... ................... ....... ............ ....... ............... .................................. 17 Section 22. Waterways..... ...... ........... ................ ........ ......... .......... ............... ..................... 18 Section 23. Screen Enclosures............. .................................. ....... .............. ........ ..... ......... 18 ARTICLE IX. INSURANCE AND HAZARD LOSSES ........................................................... 18 Section 1. Authority to Purchase: Named Insured............................................................. 18 Section 2. Coverage... ............ ........ .................... ......... .......... ................. ............... ........... 18 Section 3. Premiums......................................................................................................... 20 Section 4. Association's Power to Compromise Claims ....................................................20 ARTICLE X. DEVELOPER'S RIGHTS ............................................................ ....................... 20 Section 1. Sales Activity.......................... ........................................................................20 Section 2. Replatting ............. .... ..... ............ ............ ......... ........ ........... ..............................20 Section 3. Utility and Construction Payments and/or Deposits.......................................... 20 Section 4. Developer's Right to Common Areas ....... ................ .................... .................... 21 Section 5. Assignment of Developer Rights.................. .................................................... 21 {TL074862; I} 11 Section 6. Developer Approval of Board Action...............................................................21 ARTICLE XI. MORTGAGEES' RIGHTS .............................. .......................................... .... .... 21 Section 1. Notices of Action.. ............ ........ ...... ...................... ...........................................21 Section 2. No Priority.......... ...... .................................... .................... .................. ............. 22 Section 3. Notice to Association................................................ .... ................................... 22 Section 4. Applicability of Article XI ...............................................................................22 Section 5. Failure of Mortgagee to Respond .....................................................................22 ARTICLE XII. GENERAL PROVISIONS....... ...... .......... ............... .... ..... ................................ 22 Section 1. Duration.......................................................................................................... 22 Section 2. Notice................................................ ..............................................................22 Section 3. Enforcement.. .......................... ..... .................. ...... ................. .......... .... ............23 Section 4. Severability.......... ....................... ................ ...... ........... ................. ............ ....... 23 Section 5. Amendment. ............................................................................. .......................23 Section 6. Litigation. ......... ....... ......... ........ ....... ......... ............ ....... ... ..... .................... ... .....24 Section 7. Effective Date............. .... .............. ....... .... .......................... ........... ...................24 {TL074862; 1 } III DECLARA TION OF RESTRICTIONS AND PROTECTIVE COVENANTS FOR JESUP'S LANDING TOWNBOMES THIS DECLARATION (the "Declaration"), made this _ day of , 2005, by LEVITT AND SONS OF SEMINOLE COUNTY, LLC, a Florida limited liability company ("Developer"), which declares that the real property described in Article II, is and shall be held, transferred, sold, conveyed and occupied subject to the covenants, restrictions, easements, charges and liens (sometimes referred to as "covenants and restrictions") set forth herein. This Declaration does not and is not intended to create a condominium within the meaning of the Florida Condominium Act, Chapter 718, Florida Statutes. ARTI CLE 1. DEFINITIONS The following words when used in this Declaration (unless the context shall prohibit) shall have the following meanings: (a) "Assessments" means those payments due pursuant to Article V, whether General or Special (as hereinafter defined), or a combination thereof. (b) "Association" means JESUP'S LANDING TOWNHOMES OWNERS' ASSOCIATION, INC., a Florida corporation not-for-profit. The Association is not a condominium association and shall be subject to the provisions of Chapter 718, Florida Statutes, only if and to the extent such provisions are applicable to residential property owner associations that are not condominiums. The provisions of this Declaration shall not be retroactively affected by legislation enacted or effective subsequent to the date of execution of this Declaration,. except to the extent provided by applicable law. (c) "Board of Directors" means the Board of Directors of the Association. (d) "Common Areas" means the real property dedicated to the Association on the plat of the Property, and any real property otherwise conveyed to or acquired by the Association, and any other interest in real property acquired by the Association and deemed Common Area either in this Declaration or in the instrument of conveyance, together with any improvements on such property including without limitation any structures, off street parking areas, street lights, and entrance features, but excluding any public utility installations thereon. (e) "Common Streets" means the rights-of-way of all streets, roads, drives, courts, ways and cul-de-sacs within the Property as described in and depicted on the Plat and all paving, curbs and other improvements, facilities and appurtenances constituting part of the roadway system within the Property, including, but not limited to, street lights, traffic control signage and utility lines, conveyed to the Association as Common Area pursuant to this Declaration; but, specifically not including any utility lines located within {TL074862;1} such rights-of-way as may be owned by private or public utility companies or governmental agencies from time to time providing utility services to the Property; and provided, further, that Common Streets shall not include any areas, improvements or facilities from and after the time that such areas, improvements or facilities are dedicated to the County or other appropriate governmental or quasi-governmental entity. (f) "Developer" means Levitt and Sons of Seminole County, LLC, a Florida limited liability company, its successors and assigns, if such successor or assignee acquires the undeveloped portion of the Property and is designated as such by Developer. The Developer may make partial or multiple assignments of its rights under this Declaration, and such assignees shall succeed to the rights of the Developer only to the extent specifically provided in the assignment document. (g) "District" means the Water Management District agency created pursuant to Chapter 373, Florida Statutes, which has jurisdiction over the Property. (h) "General Assessments" means assessments levied to fund expenses applicable to all Members of the Association and set forth in ARTICLE V.Section 2. of this Declaration. (i) "Institutional Lender" means any person or entity (1) holding a mortgage encumbering a Lot, (2) which in the ordinary course of business makes, purchases, guarantees or insures mortgage loans, and (3) which is not owned or controlled by the Owner of the Lot encumbered. An Institutional Lender may include, but is not limited to, a federal or state chartered bank or savings and loan association, an insurance company, a real estate or mortgage investment trust, a pension or profit sharing plan, a mortgage company; the Government National Mortgage Association, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, an agency of the United States or any other governmental authority, including the Veterans Administration and the Federal Housing Administration of the U.S. Department of Housing and Urban Development, or any other similar type of lender generally recognized as an institutional type lender. For definitional purposes only, an Institutional Lender shall also mean the holder of any mortgage executed by or in favor of Developer, whether or not such holder would otherwise be considered an Institutional Lender. G) "Lot" means any lot shown on the plat of JESUP'S LANDING TOWNHOMES, recorded or to be recorded in the Public Records of Seminole County, Florida, and any lot shown on any resubdivision of said plat or any portion thereof. (k) "Surface Water Management System" means the overall system designed, constructed and implemented upon the Property or benefiting the Property to control discharges caused by rainfall events, which system is intended to collect, convey, store, absorb, inhibit, treat, use or reuse surface water in order to prevent or reduce flooding, overdrainage, environmental degradation, and water pollution, and to control the quality and quantity of discharges from the system, all as permitted by the District pursuant to Rules 40C-4, 40C-40, and 40C-42, Florida Administrative Code. {TL074862; I } 2 (1) "Owner" Or "Member" means the record owner, whether one or more persons or entities, of the fee simple title to any Lot. (m) "Property" means all property and additions thereto (which additional property mayor may not be contiguous to the real property described in Article II herein), as is subject to this Declaration or any Supplemental Declaration under the provisions of Article II hereof. (n) "Special Assessment'. means assessments levied ill accordance with ARTICLE V.Section 2. of this Declaration. ARTICLE II. PROPERTY SUBJECT TO THIS DECLARATION Section 1. Legal Description. The real property which is and shall be held, transferred, sold, conveyed and occupied subject to this Declaration is located in Seminole County, Florida and is more particularly described by Exhibit "A," attached hereto and incorporated herein by this reference. Section 2. Developer's Right to Add Additional Property to or Withdraw Property. Developer shall have the right, in its sole discretion, to add additional property (which mayor may not be contiguous to the real property described in Section 1) to the scheme of this Declaration. Developer shall also have the right to withdraw property not previously conveyed to an Owner from the scheme of this Declaration subject to the approval of Seminole County. The addition or withdrawal by Developer shall not require the consent or joinder of the Association, or any Owner or mortgagee of any of the Property, but shall be at the sole option of the Developer. Upon addition of any property to the scheme of this Declaration, the owners of such additional property shall be and become subject to this Declaration, including assessment by the Association for their prorata share of the Association expenses. The addition of lands as aforesaid shall be made and evidenced by filing in the Public Records of Seminole County, Florida, a supplemental declaration with respect to the lands to be added. ARTICLE III. JESUP'S LANDING TOWNHOMES OWNERS' ASSOCIATION Section 1. Membership. Every Owner of a Lot which is subject to Assessment shall be a Member of the Association. Membership shall be appurtenant to and may not be separated from ownership of any Lot which is subject to Assessment. Section 2. Voting Rights. The Association shall have two classes of voting membership: Class A. Class A Members shall be all Owners, with the exception of the Developer, and shall be entitled to one vote for each Lot owned. When more than one person holds an interest in any Lot, all such persons shall be Members. The vote for such Lot shall be exercised as they determine, but in no event shall more than one vote be cast with respect to any Lot. {TL074862; I} 3 Class B. The Class B Member(s) shall be the Developer. The Class B Member shall be entitled to the same number of votes held by all other Members of the Association plus one; provided. however, that notwithstanding any provisioh to the contrary, the Developer shall have the right to appoint the entire Board of Directors of the Association until 90 days after 90% of the Lots have been conveyed to Owners other than the Developer, or at an earlier date at the sole discretion of the Developer. At such time, the Developer shall call a meeting, as provided in the Bylaws for Special Meetings, to provide for the turnover of control of the Board of Directors to the Owners. The Developer shall have the right, in its sole discretion, to appoint one member to the Board of Directors for so long as the Developer owns any portion ofthe Property. Section 3. Common Area Ownership. Developer may retain legal title to the Common Areas so long as it has not turned over control of the Board of Directors to the Owners as specified in Section 2. Within thirty days after such turnover of control, the Developer shall convey and transfer by quit claim deed the record fee simple title to the Common Areas to the Association and the Association shall accept such conveyance, subject to taxes for the year of conveyance and to restrictions, limitations, conditions, reservations and easements of record. The Association shall pay taxes on the Common Areas commencing upon the date of recordation of the plat. Section 4. Powers. Without limiting the generality of the powers provided in the Articles of Incorporation, the Association shall have the power, but not the obligation, to enter into an agreement or agreements from time to time with one or more person, firms or corporations to provide management or consulting services, including the right to collect assessments and enforce the provisions of this Declaration. Section 5. Rules and Regulations. The Association has adopted Rules and Regulations (as defined in the Declaration), which may be amended from time to time. The Association, through its Board of Directors, also may make and enforce reasonable rules and regulations governing the use of the Property, which rules and regulations shall be consistent with the rights and duties established by this Declaration. Sanctions for violation of any rules or regulations may include reasonable monetary fines, which shall be levied as Special Assessments as provided in this Declaration, and suspension of the right to vote and the right to use the recreation facilities. The Board shall, in addition, have the power to seek relief in any court for violations or to abate nuisances. Imposition of sanctions shall be as provided in the Bylaws of the Association. In addition, the Association, through the Board, may, by contract or other agreement, enforce court ordinances or permit Seminole County to enforce ordinances on the Property for the benefit of the Association and its Members. Section 6. Merger or Consolidation. Upon a merger or consolidation of the Association with another association, or upon any decision by the Association that its functions may be performed effectively and efficiently by another association, the Property, rights and obligations ofthe Association may be transferred to the surviving or consolidated association. Alternatively, the property rights and obligations of another association may, by operation of law, be added to the Property, rights and obligations of the Association as a surviving corporation pursuant to a merger. In any event, the surviving or consolidated association may administer the covenants and restrictions established by this Declaration within the Property together with the covenants and restrictions established upon any other property as one scheme. No such merger or {TL074862; I} 4 consolidation, however, shall effect any revocation, change or addition to the covenants established by this Declaration. Section 7. Termination of the Association. In the event of dissolution of the Association, for whatever reason other than merger or consolidation as provided for herein, any Owner may petition the Circuit Court of the Fifth Judicial Circuit of the State of Florida for the appointment of a Receiver to manage the affairs of the Association and to make such provisions as may be necessary for the continued management of the affairs of the dissolved Association, the Property and Common Areas. ARTICLE IV. MAINTENANCE OBLIGATIONS Section 1. Common Area Maintenance. Commencing with the date this Declaration is recorded, except as stated hereinafter, the Association shall be responsible for the maintenance of the Common Areas and any improvements or personal property in a continuous and satisfactory manner and for the payment of taxes assessed against the Common Areas, if any, and any improvements and any personal property thereon accruing from and after the date these covenants are recorded. For purposes of illustration, Common Areas may include, but are not limited to: entrance features; gate houses (if any); tracts designated for open space, wall tracts, and/or tot lots and other recreational tracts on the Plat; buffer areas around the perimeter of the Property; all streets and roadways within the Property and the Common Area sprinkler system; and areas required to be maintained by the Association under the terms of the Declaration. The Association shall at all times maintain in good repair, and shall replace as scheduled any and all Common Areas and improvements belonging to the Association. It is anticipated that the Association shall maintain all internal roads in good repair and shall resurface or repave said roads as necessary. All such work shall be completed in a manner which, in the sole and exclusive judgment of the Board of Directors of the Association, or the Association as the case may be, is deemed satisfactory. Section 2. Street Lighting. The Association shall operate and maintain any street lighting facilities owned by the Association, if any, from the date of recording this Declaration or from the date of installation of the street lighting, whichever occurs fIrst. Maintenance of the street lighting fIxtures shall include the fIxtures within the Common Areas and shall further extend to payment for electricity consumed in the illumination of such lights. If Developer, in its sole discretion, elects to install such street lighting, Developer shall be entitled to all rebates or refunds of the installation charges and the Association hereby assigns such rebates or refunds to Developer and the Association shall forthwith pay same to the Developer. Section 3. Lot Maintenance. The maintenance of the Lot, including cutting the grass, irrigation system, maintenance of the landscaping material, and maintaining all landscaping originally installed by the Developer or replacement(s) thereof, shall be the complete maintenance responsibility of the Association. The maintenance of the exterior of the residence on the Lot shall be the complete maintenance responsibility of the Association. The maintenance of all landscaping installed on a Lot by the Owner(s) thereof which is in addition to and not a replacement of the landscaping originally installed by the Developer shall be the complete {TL074862;1} 5 maintenance responsibility of such Owner(s). If a mailbox is installed by the Developer, in its sole discretion, the Owner shall be responsible for the maintenance, repair and replacement of the mail -box installed by the Developer. Section 4. Irrigation System. If the Property includes a common irrigation system and any main irrigation lines shall be the maintenance obligation of the Association. In addition, all irrigation lines and all sprinkler heads located on the Lots shall be the maintenance responsibility of the Association. The Association shall have an easement over the Property, including any Lot, to provide maintenance of such system. Notwithstanding the foregoing, the maintenance and/or repair of any damage to irrigation lines or sprinkler heads located on an Owner's Lot caused by the Owner's negligence or intentional act(s) shall be the responsibility of such Owner. Section 5. Offsite Signage & Landscaping. The Association shall have the obligation to maintain any offsite signs that advertise and promote the name of the Property and to maintain the landscaping surrounding said signs. Section 6. Stormwater Drainage Facility. The maintenance, repair, or replacement of any stormwater drainage facility located on the Property shall be the complete responsibility of the Association, in accordance with the requirements of the St. Johns River Water Management District ("SJR WMD"). Any drainage facility shall be subject to any permit which may be issued by the SJR WMD for the Property and as same may be amended from time to time. Copies of the SJRWMD permit shall be maintained by the Association's registered Agent for the Association's benefit. The SJR WMD has the right to enforcement action, including a civil action for the injunction and penalties against the Association to compel it to correct any outstanding problems with the drainage facilities or in mitigation or conservation areas under the responsibility or control of the Association. Section 7. Drainage Retention Areas (DRA's). The SJRWMD is the local permitting authority for surface water permits. The onsite DRA's are designed as water management areas, and are not designed as aesthetic features, they are for drainage purposes only. The water level within the lakes is dependent upon rainfall and the level of the water in the ground. The water level within the ORA's can be affected by and may decline significantly at certain times as a result of the level of other drainage areas, the demand for potable water and irrigation water, rainfall conditions. Because none of these factors are within the control of the Association, the Association shall not be responsible for direct or consequential damage resulting from the lowering of the water level in the DRA's. The Association shall not be responsible for the maintenance of water in the DRA's to any specified level. Section 8. Lift Station and Surface Water Management System. Unless and until dedicated or conveyed to, and accepted by, a governmental unit or utility company, the Association or Master Association shall maintain, repair and replace as needed, and pay the electrical usage charges for, any lift station and related lines and equipment located within the Property. It is the responsibility of the Association, at Common Expense, to operate, maintain and repair portions of the Surface Water Management System located within the boundaries of the Property, and to enforce, or to take such appropriate action as may be necessary to cure violations of, the routine maintenance and non-interference covenants of the Owners and, when appropriate, to levy special assessments or individual assessments therefor. Maintenance of the {TL074862; I} 6 Surface Water Management System shall include the exercise of practices which allow the system to provide drainage, water storage, conveyance and other surface water management capabilities as permitted by the District and Seminole County. Any repair or reconstruction of the Surface Water Management System shall be as originally permitted or, if modified, as approved by the District and Seminole County. Section 9. Drainage Improvements within Easements. The Association shall maintain, repair and replace all drainage improvements within the Property, including without limitation within all platted drainage easements, all in accordance with the Surface Water Management System permit issued by the District. All maintenance, repairs and replacements of drainage improvements within the Property, including without limitation within all platted drainage easements, shall-also be in accordance with requirements of Seminole County. ARTICLE V. ASSOCIATION ASSESSMENTS Section 1. Creation of the Lien and Personal Obligation for the Assessments. The Developer, for each Lot owned by it within the Property, hereby covenants, and each Owner of any Lot, by acc~ptance of a deed therefor, whether or not it shall be so expressed in any such deed or other conveyance, shall be deemed to covenant and agree to pay to the Association General Assessments for expenses outlined in Section 2 hereof, and Special Assessments as provided in Section 4 hereof. Such Assessments are to be fixed, established and collected from time to time as hereinafter provided. Assessments shall be against all Lots equally; provided, however, that the cost of any maintenance, repair or replacement caused by the negligent conduct of a Member or by the failure of a Member to comply with the lawfully adopted rules and regulations of the Association shall be levied as a Special Assessment against such Member. The full Assessment as to each Lot upon which an improvement is constructed shall commence on the fIrst day of the full calendar month after a certificate of occupancy for the improvement is issued, or upon the conveyance of the Lot by the Developer or upon the first occupancy of the improvement, whichever occurs first. No Owner may waive or otherwise escape liability for the Assessments for maintenance by non-use of the Common Areas or abandonment of his right to use the Common Areas. The General and Special Assessments, together with interest thereon and costs collection thereof as hereinafter provided, shall be a charge on the Lot and shall be a continuing lien upon the Lot against which the Assessment is made, and shall also be the personal obligation ofthe Owner of such Lot. The lien rights provided herein shall not apply to any portion of the Property owned by the Developer. Section 2. General Assessments. The General Assessments levied by the Association shall be used exclusively for the expenses of the Association. General expenses are any and all charges for the administration of the Association, cable television expenses if any, maintenance, repair, replacement and operation of the Common Areas and the operation, maintenance and repair of the lift station arid the Surface Water Management System as described in Article IV, Section 6 and 7 hereof, including, but not limited to: management, accounting and legal fees, postage, utility service to Common Areas, Association insurance, reserves deemed necessary by the Board of Directors for repair, replacement or addition to the Common Area, and payment of {TL074862;\ } 7 all debts and obligations of the Association which are properly incurred for the purposes stated in this Declaration. Section 3. Date of Commencement of General Assessments: Due Dates. The General Assessments shall commence on the first day of the month next following the recordation of this Declaration. Thereafter, the Board of Directors shall fIX the date of commencement and amount of the Assessment against each Lot at least thirty (30) days in advance of the commencement period. The General Assessments shall be payable in advance in quarterly installments, or as otherwise determined by the Board of Directors of the Association. Section 4. Initial Budget. The Developer shall establish the initial budget, which shall be based on a fully developed community. By a majority vote of the Board of Directors, the Board shall adopt an annual budget for the subsequent fiscal year which shall provide for allocation of expenses in such a manner that the obligations imposed by this Declaration will be met. In the event the community is 110t fully developed at the time the budget is adopted by the Board, the Board may nevertheless base the budget on a fully developed community. In instances where the Developer or the Board bases the budget on a fully developed community when in fact the community is not so developed, then the budget (and therefore the Assessments) shall be reduced by the amount allocated for incomplete amenities or facilities. The Assessment shall be for the calendar year, but the amount of the General Assessment to be levied during any period shorter than a full calendar year shall be in proportion to the number of months remaining in such calendar year. The amount of the General Assessment may be changed at any time by the Board from that originally adopted or that which is adopted in the future. Section 5. Special Assessments. A Special Assessment may be levied against one or more Lots for the following purposes: (a) charges for expenses of the Association which are not general expenses but which are attributable to a specific Lot or Lots and which are designated as a special charge. (b) reimbursement for damages caused by an Owner, Owners, their family members, guests, invitees or tenants. (c) capital improvements relating to the Common Area. (d) late charges, user fees, fines and penalties. ( e) any other charge which is not a general expense. (f) any general expense, which exceeds the amount budgeted, or any emergency expense which exceeds the amount of any reserves or other Association funds. A Special Assessment required to maintain the Association Property in good condition or to protect the liability of the Association Members may be levied against all Lots by a majority vote of the Board of Directors. Additionally, Special Assessments against individual Lot Owners for expenses incurred in direct relation to the maintenance or liability associated with {TL074862; I} 8 that Lot may be levied by a majority vote of the Board of Directors. Other Special Assessments shall require approval by a majority vote of those members present and voting at a meeting of the membership called in accordance with the Bylaws of the Association. The Board of Directors shall fix the amount and due date of any Special Assessment by resolution, which resolution shall also set forth the Lot or Lots subject to such Assessment. Section 6. Trust Funds. The portion of all General Assessments collected by the Association as reserves for future expenses, and the entire amount of all Special Assessments collected for capital improvements shall be the property of the Association as a whole and shall be used exclusively for the purposes designated at the time of Assessments. Each owner acknowledges and consents that such funds are the exclusive property of the Association as a whole and no Owner shall have any interest, claim or right to any such funds. Section 7. Guaranteed Assessments during Guarantee Period. Developer covenants and agrees with the Association and the Owners that, for the period commencing with the date of recordation of this Declaration and ending upon the sooner to occur of the following: (i) the date of turnover of the Association as described in Article III hereof ("Turnover Date"); or (ii) June 30, 2007, as such may be extended in Developer's sole discretion, as described herein ("Guarantee Period"), Developer shall be excused from payment of its share of the operating expenses and Assessments related to its Lots (other than Special Assessments) and, 'in turn, that the individual Lot Assessment charged to Owners other than Developer will not exceed the dollar amount set forth in the initial Budget of the Association ("Guaranteed Assessment") and that Developer will pay the difference ("Deficit"), if any, between (a) the operating Expenses (other than those operating Expenses which are properly the subject of a Special Assessment) incurred by the Association during the Guarantee Period, and (b) the amounts assessed as Guaranteed Assessments against Owners during the Guarantee Period, the "Working Capital Fund" set forth in ARTICLE V, Section 8. hereof and any other income of the Association during the Guarantee Period. Thus, during the Guarantee Period Owners shall not be obligated to pay Assessments other than the Guaranteed Assessment and Special Assessments and the Owners' respective Working Capital Fund Contribution. The Deficit, if any, to be paid by Developer pursuant to this Section 7 shall be determined by looking at the Guarantee Period as a whole, without regard to quarterly, annual or any other accounting or fiscal periods and without regard to intra period allocations. In that regard, in the event it is determined at the end of the Guarantee Period that there is a Deficit and Developer has previously advanced funds to the Association in excess of the Deficit during the Guarantee Period, Developer shall be entitled to the immediate repayment from the Association of the amount of funds advanced by Developer in excess of the Deficit. Developer hereby reserves the right to extend the Guarantee Period from time to time to a date ending no later than the Turnover Date at Developer's sole election by providing written notice to the Association of such election at least thirty (30) days prior to the expiration of the Guarantee Period (as same may have been previously extended). Developer also reserves the right to increase the amount of the Guaranteed Assessment during any such extended Guarantee Period. Special Assessments are not included in this guarantee. Section 8. Working Capital Fund. Developer shall establish a Working Capital Fund for the initial months of operation of the Association, which shall be collected by the Developer from each Lot purchaser at the time of conveyance of each Lot to such purchaser in an amount equal to two (2) months of the annual assessment for each Lot without consideration for {TL074862; l} 9 reductions due to incomplete facilities. Each Lot's share of the Working Capital Fund shall be collected and transferred to the Association at the time of closing of the sale of each Lot. Amounts paid into the fund are not to be considered as advance payment of regular Assessments. Notwithstanding the foregoing, the Developer, for so long as it controls the Board of Directors, shall have the right to use the Working Capital Fund to pay for ordinary expenses of the Association. Section 9. Assessment Roster and Certificate. A roster of the Owners, Lot numbers and Assessments applicable thereto shall be kept in the office of the Association and shall be open to inspection by any Owner. If the Owner does not reside on the Lot, Owner is required to provide its current mailing address to the Association, together with the names of those residing on the Lot. The Association shall, within five (5) days 0 f receipt of a written request, furnish to any Owner liable for an Assessment a certificate in writing signed by an officer or agent of the Association, setting forth whether such Assessment has been paid as to the Lot owned by the Owner ~aking request therefor. Such certificate shall be conclusive evidence of payment of any Assessment to the Association therein stated to have been paid. .. Section 10. Collection of Assessment. Effect of Non Payment of Assessments; The Personal Obligation ofthe Owner; The Lie~ Remedies of the Association. If any Assessment is not paid within ten (10) days after the due date, the Association shall have the right to charge the defaulting Owner a late fee often percent (10%) of the amount of the Assessment, or Ten and No/ 100 Dollars ($10.00), whichever is greater or as otherwise adopted by the Board of Directors from time to time, plus interest at the then highest rate of interest allowable by law from the due date until paid. If there is no due date applicable to any particular Assessment, then the Assessment shall be due ten (10) days after written demand by the Association. Ifany Owner is in default in the payment of any Assessment owed to the Association for more than thirty (30) days after written demand by the Association, the Association upon written notice to the defaulting Owner shall have the right to accelerate and require such defaulting Owner to pay Assessments to the Association for the next twelve (12) month period, based upon the then existing amount and frequency of Assessments. In the event of such acceleration, the defaulting Owner shall continue to be liable for any increases in the General Assessments, for all Special Assessments, and/or for all other Assessments payable to the Association. If the Assessments and any late fees and interest are not paid on the date when due, then such Assessments and any late fees and interest shall become delinquent and shall, together with such interest thereon and the cost of collection thereof as hereinafter provided, thereupon become a continuing lien on the property which shall bind such property in the hands of the Owner, his heirs, devisees, personal representatives, successors and assigns. Any individual who acquires title to a Lot upon the death of an Owner or by operation of law shall be personally liable for unpaid Assessments and late fees with respect to such Lot. In any voluntary conveyance, the Grantee shall be jointly and severally liable with the Grantor for all unpaid Assessments made prior to the time of such voluntary conveyance, without prejudice to the rights ofthe Grantee to recover from the Grantor the amounts paid by the Grantee therefor. The Association may bring an action at law against the Owner personally obligated to pay the same or may record a claim of lien against the property on which the Assessment and {TL074862;1} 10 late fees are unpaid, or may foreclose the lien against the property on which the Assessment and late fee are unpaid, in like manner as a foreclosure of a mortgage on real property, or pursue one or more of such remedies at the same time or successively, and there shall be added to the amount of such Assessment and late fee, attorney's fees and costs of preparing and filing the claim of lien and the complaint in such action, and in the event a judgment is obtained, such judgment shall include interest on the Assessment and late fee as above provided and a reasonable attorney's fee to be fixed by the court together with the costs of the action, and the Association shall be entitled to attorney's fees in connection with any appeal of any such action. It shall be the legal duty and responsibility of the Association to enforce payment of the Assessments and late fees hereunder. The provisions set forth in this section shall not apply to the Developer for so long as the Developer owns any portion of the Property. Section 11. Subordination of the Lien to First Mortgages. The lien of Assessments, including interest, late charges (subject to the limitations of Florida laws), and costs (including attorney's fees) provided for herein, shall be subordinate to the lien of any first mortgage of an Institutional Lender upon any Lot. In addition, the lien of assessments, including interest, late charges (subject to the limitation of Florida laws), and costs (including attorneys' fees) provided for herein, shall be subordinate to a mortgage held by Developer upon the Property, or any portion thereof, or any interest therein. The sale or transfer of any Lot or parcel of land shall not affect the Assessment lien. However, the sale or transfer of any Lot or parcel pursuant to judicial or non judicial foreclosure of a first mortgage shall extinguish the lien of such Assessments as to payments which became due priorto such sale or transfer. No sale or transfer shall relieve such Lot or parcel from lien rights for any Assessments thereafter becoming due. Where the Institutional Lender ofa first mortgage of record or other purchaser of such a Lot obtains title, its successors and assigns shall not be liable for the Assessments chargeable to such Lot which became due prior to the acquisition of title to such Lot by such acquirer. Such unpaid Assessments shall be deemed to be an Assessment divided equally among, payable by and assessed against all Lots, including the Lot as to which the foreclosure (or conveyance in lieu of foreclosure) took place. Likewise, where a mortgage is held by the Developer upon the Property, or a portion thereof, and the Developer or other purchaser obtains title, its successors and assigns shall not be liable for the Assessments by the Association chargeable to the Property, or a portion thereof, which become due prior to the acquisition of title to the Property, or portion thereof, by such acquirer. Such unpaid Assessments shall be deemed to be an Assessment divided equally among, payable by and assessed against all Lots, including the Lot as to which the foreclosure (or conveyance in lieu of foreclosure) took place. ARTICLE VI. ARCHITECTURAL CONTROL Section 1. Architectural Control. The Declaration sets forth prOVISIons relating to architectural control, standards, required approvals, and other matters that are binding upon all Owners. Each Owner shall comply with all provisions of the Declaration, including those {TL074862; 1 } 11 relating to architectural control. For purposes of this Declaration, the term "ACH" shall mean the architectural control board as created and existing under the Declaration. ARTICLE VII. EASEMENTS Section 1. Members' Easements. Each Member of the Association and each tenant, agent and invitee of such Member shall have a permanent and perpetual easement for ingress and egress for pedestrian and vehicular traffic over and across the walkways, driveways and roads from time to time laid out on the Common Areas, for use in common with all such Members, their tenants, agents and invitees. The portion of the Common Areas not used, from time to time, for walkways and/or driveways or lakes shall be for the common use and enjoyment of the Members of the Association and each Member shall have a permanent and perpetual easement for pedestrian traffic across all such portions of such tracts and for the use of same in such manner as may be regulated by the Association. The foregoing easements are subject to the following: (a) The right and duty of the Association to levy assessments against each Lot for the purpose of maintaining the Common Areas in compliance with the provisions of this Declaration and with any restrictions on the plat of the Property. (b) The right of the Association to suspend the voting rights for any period during which any assessment against his Lot remains unpaid; and for a period not to exceed sixty (60) days for any infraction of its lawfully adopted and published rules and regulations. (c) The right of the Association to adopt and enforce rules and regulations governing the use ofthe Common Areas. The right of an Owner to the use and enjoyment of the Common Areas shall extend to the residents and their guests, subject to regulations from time to time adopted by the Association in its lawfully adopted and published rules and regulations. Section 2. Easements Appurtenant. The easements provided ill Section 1 shall be appurtenant to and shall pass with the title to each Lot. Section 3. Utility Easements. Public utilities may be installed underground in the Common Areas when necessary for the service of the Property or additional lands for which Developer holds an option to purchase, but all use of utility easements shall be in accordance with the applicable provisions of this Declaration. Section 4. Public Easements. Firefighters, police, health, sanitation and other public service personnel and vehicles shall have a permanent and perpetual easement for ingress and egress over and across the Common Areas. Section 5. Easements for Encroachment. There shall be reciprocal appurtenant easements of encroachment as between each Lot and the Common Area adjacent thereto or as {TL074862; I} 12 between adjacent Lots due to the unintentional placement or settling or shifting of the improvements constructed by the Developer (in accordance with the terms of this Declaration) to a distance of not more than one (1) foot, as measured from any point on the common boundary between each Lot and the adjacent portion of the Common Area or as between said adjacent Lots, as the case may be, along a line perpendicular to such boundary at sUGh point. Section 6. Right to Grant or Relocate Easement. The Developer (during any period in which the Developer has any ownership interest in the Property) and the Association shall each have the right to grant such additional drainage, water and sewer, electric, telephone, gas, sprinkler, irrigation, cable television or other easements, and to relocate any existing easement in any portion of the Property, including the lots, and to access easements and to relocate any existing access easements in any portion of the Property as the Developer or the Association shall deem necessary or desirable, for the proper operation aq.d maintenance of the Property, or any portion thereof, or for the general health or welfare of the Owners or for the purpose of carrying out any provisions of this Declaration; pro'vided that such easements or the relocation of existing easements will not prevent or unreasonably interfere with the use of the Lots for dwelling purposes. There shall be reciprocal appurtenant easements of encroachment as between each Lot and the Common Area adjacent thereto or as between adjacent Lots due to the unintentional placement or settling or shifting of the improvements installed by utility companies or governmental entities or the Developer, to a distance of not more than three (3) feet, as measured from any point on the common boundary between each Lot and the adjacent portion of the Common Area or as between said adjacent Lots, as the case may be, along a line perpendicular to such boundary at such point . Section 7. Association Easement. For the purpose solely of performing its obligations under the provisions of this Declaration, the Association, through its duly authorized agents, employees or independent contractors, shall have the rights, after reasonable notice to the Owner, to enter upon any Lot at reasonable hours of any day. In the event of an emergency, such right of entry shall exist without notice on any day. Each Owner hereby grants to the Association, its duly authorized agents, employees or independent contractors such easements for ingress and egress, across the Lots as may be reasonably necessary to effect and perform the exterior maintenance aforementioned. Section 8. Easement for Access and Drainage. The Association shall have a perpetual non-exclusive easement for access to operate, maintain or repair the system. By this easement, the Association shall have the right to enter upon any portion of any lot which is a part of the surface water or Stormwater Management System, at a reasonable time and in a reasonable manner, to operate, maintain or repair the surface water or Stormwater Management System as required by the District permit. Additionally, the Association shall have a perpetual non-exclusive easement for drainage over the entire surface water or Stormwater Management System. No person shall alter the drainage flow of the surface water or Stormwater Management System, including buffer areas or swales, without the prior written approval of the District. In addition, the Association shall also have the right to enter upon any portion of any Lot which is a part of the surface water or Stormwater Management System, at a reasonable time and in a reasonable manner, to operate, maintain or repair the surface water or Stormwater Management System as required by Seminole County. No person shall alter the drainage flow of the surface {TL074862; I} 13 water or Stormwater Management System, including buffer areas or swales, without the prior written approval of Seminole County. ARTICLE VIII. GENERAL RESTRICTIVE COVENANTS Section 1. Applicability. The provisions of this Article shall be applicable to all Lots situated within the Property. Section 2. Land Use. No Lot shall be used except for residential purposes. Temporary uses for model homes, parking lots, construction trailer, construction storage areas and/or sales offices shall be permitted for the Developer. Section 3. Building Location. Buildings shall be located in conformance with the requirements of the City of Winter Springs and Seminole County, Florida and any specific zoning approvals thereunder, or as originally constructed on a Lot by Developer or its successor or assignee. Whenever a variance or special exception as to building location or other item has been granted by the authority designated to do so by the municipality, said variance or special exception is hereby adopted as an amendment to this Section and any future variance or special exception as to building location or other item shall constitute an amendment of this Section. Section 4. Landscaping of Easements. In addition to the easements reserved herein, easements for drainage, installation and maintenance of utilities and for ingress and egress are shown on the recorded plates) of the Property. Within these easements no structure, planting or other material may be placed or permitted to remain that will interfere with vehicular traffic or prevent maintenance of utilities. Public utility companies servicing the Property and the Association, and their successors and assigns, shall have a perpetual easement for the installation and maintenance of water lines, sprinkler lines, sanitary sewers, storm drains, gas lines, electric and telephone lines, cables and conduits, including television cables and conduits and such other installations as may be required or necessary to provide maintenance and utility services to the Lots and/or the Common Areas under and through the utility easements as shown on the plates). Any damage caused to pavement, driveways, drainage structures, sidewalks, other structures, or landscaping in the installation and maintenance of such utilities shall be promptly restored and repaired by the utility whose installation or maintenance caused the damage. All utilities within the subdivisions, whether in streets, rights-of-way or utility easements, shall be installed and maintained underground, provided, however, that water and sewer treatment facilities and control panels for utilities may be installed and maintained above ground. Section 5. Nuisances. No noxious or illegal activity shall be carried on upon any Lot, nor shall anything be done thereon which may be or may become an annoyance or nuisance to the neighborhood or any other Lot Owner. In the event of any question as to what may be or become a nuisance, such question shall be submitted in writing to the Board for a decision in writing, which decision shall be final. In addition, no weeds, underbrush or other unsightly growths shall be permitted to grow or remain upon any Lot. No refuse pile or unsightly objects shall be allowed to be placed or suffered to remain on any Lot; and in the event that an Owner shall fail or refuse to keep his Lot free of weeds, underbrush or refuse piles or other unsightly {TL074862;1) 14 growths or objects, then the Association may enter upon said premises and remove the same at the expense of the Owner, and-such entry shall not be deemed a trespass. All garbage or trash containers must be placed in areas so that they shall not be visible from adjoining Lots or from the street. Provided, however, any portion of the Property not yet developed by Developer, shall be maintained in a clean condition but shall not be expected to be maintained in a manicured .. condition. Section 6. Temporary Structures. No structure of a temporary character, or trailer, tent, mo bile home or recreational vehicle shall be permitted on any Lot either temporarily or permanently, except that the Developer may park a trailer on the Property during periods of construction. Section 7. Signs. One sign of not more than one square foot may be used to indicate the name of the resident and/or house number. No sign of any kind shall be displayed to the public view on the Property, without the prior consent of the ACB; provided that the Developer, so long as it has not sold all of its Lots in the Property, shall retain the right to disapprove any signs displayed to the public view. Notwithstanding the foregoing, this Section shall not apply to the Developer for as long as it holds title to any portion of the Property. Section 8. Oil and Mining Operations. No oil drilling, oil development operations, oil refining, quarrying or mining operations of any kind shall be permitted upon or in the Property nor shall oil wells, tanks, tunnels, mineral excavations or shafts be permitted upon or in the Property. No derrick or other structure designed for use in boring for oil or natural gas shall be erected, maintained or permitted upon any portion of the land subject to these restrictions. Section 9. Animals and Pets. No reptiles, animals, livestock, or poultry of any kind may be raised, bred, kept or permitted on any Lot, with the exception of dogs, cats, or other usual and common household pets not to exceed two (2) in number, regardless of the type. The keeping of a dog or other domestic pet is not a right of an Owner, but is a conditional license. This conditional license is subject to termination at any time by the Board of Directors upon a fmding that a dog or other pet is vicious, is annoying to other residents, or has in any way become a nuisance. The owner of a pet assumes liability for all damage to persons or property caused by the pet or resulting from its presence at the Property. This license is subject to the following conditions: (a) Pets shall be kept on a leash at all times when outside a building and not enclosed within a fenced-in area. (b) Pets are permitted to have excrements upon the Common Areas provided that the owner shall immediately remove such excrement from the Common Areas with a "Pooper Scooper" or other appropriate tool and deposit said waste in an approved trash receptacle. (c) The owner of a pet shall be responsible, and by virtue of ownership, assumes responsibility for any damage to persons or property caused by his pet(s). {TL074862; 1 } 15 (d) Any pet whose owner violates the provisions and intent of these rules shall be deemed a nuisance and subject to removal in accordance with the provisions of this Declaration. Section 10. Visibility at Intersections. No obstruction to visibility at street intersections shall be permitted. Section 11. Commercial Trucks. Trailers. Campers and Boats. No commercial vehicles, campers, mobile homes, motorhomes, boats, house trailers, boat trailers, or trailers of every other description shall be permitted to be parked or to be stored at any place on any Lot, except only during the periods of approved constI1lction on said Lot, and except that they may be stored within garages. Small pick-up trucks or vans of the type commonly used as private passenger vehicles may be parked or stored in approved parking areas, so long as no commercial equipment or lettering or graphics is exposed to view. The term "commercial vehicle" shall include all automobiles, trucks and vehicular equipment, including station wagons, which bear signs or shall have printed on same some reference to any commercial undertaking or enterprise. This prohibition of parking shall not apply to temporary parking of trucks and commercial vehicles, such as for pick-up, delivery, and other commercial services. No vehicle which is unlicensed or inoperable may be kept or stored on the Property, unless kept fully enclosed inside a garage. No repair work to any type of motor vehicle, boat or trailer shall be conducted on any Lot other than minor repairs, cleaning. or waxing which is completed in less than 24 hours. Section 12. Fences. No fence, wall or other structure shall be erected in the front yard, back yard, or side yard except as approved by the ACB or as installed by the Developer. Section 13. Hedges. No hedge shall be erected in the front yard except as approved by the ACB or as installed by the Developer. Section 14. Garbage and Trash Disposal. Garbage, refuse, trash or rubbish shall be stored in a fashion to protect it from view from the street or another Lot, provided however, that the requirements from time to time of the County of Lake for disposal or collection shall be complied with. All equipment for the storage or disposal of such material shall be kept in a clean and sanitary condition. All garbage placed out for collection must be in sealed garbage bags, covered plastic garbage cans, or such other containers supplied or approved by the garbage collecting authority. Trash, recyclables, and/or vegetation shall not be placed curbside earlier than 6:00 P. M. the evening before collection. Emptied receptacles or uncollected refuse shall be promptly removed from curbside by Owner. Section 15. Drying Areas. Drying areas will not be permitted on any lot or anywhere on site. Section 16. Gas Containers. No gas tank, gas container, or gas cylinder (except those placed by the Developer or approved by the ACB in connection with the installation of swimming pools and/or permanent barbecues, and except those used for portable barbecues) shall be permitted to be placed on or about the outside of any house or any ancillary building, and all such items (except those placed by the Developer in connection with the installation of {TL074862;1} 16 swimming pools and/or permanent barbecues, and except those used for portable barbecues) shall be installed underground in every instance where gas is used. In the alternative, gas containers may be placed above ground if enclosed on all sides by a decorative safety wall approved by the ACB. Section 17. Communication Equipment. Except as may be installed by the Developer or as may be permitted by the ACB, no antennas, aerials, or lines, wires or other devices for communication or transmission of current shall be placed on any portion of the Property. In no event, however, shall lines or wires for communication or the transmission of current be constructed placed, or permitted to be placed within the Common Areas unless the same shall be installed by the Association for the common use of all Members, and shall be protected cables, and any of said lines or wires which are not located in buildings shall be constructed or placed and maintained underground. Any line or wire installations permitted by the ACB pursuant to this Section shall be protected cable and shall only be installed underground. Section 18. County Requirement. Any plat or replat of the Property subject to this Declaration must conform with the applicable site plan as approved by any Site Plan Review Committee thereof. Section 19. Drainage. Unless first approved by the ACB and the District, no Owner other than the Developer may obstruct, alter or in any way modify the method and/or structures of drainage utilized or installed by Developer or the Association from, on or across any Lot, Common Area or easement area; nor shall any structure or material be erected, placed or maintained which shall in any way obstruct such drainage devices or facilities or impede their efficient operation. No elevation changes shall be permitted on any Lot which materially adversely affect the drainage of or to neighboring Lots or the Common Area. Any such obstruction, alteration or modification of the method and/or structures of drainage utilized or installed by the Developer or the Association shall also be approved by Seminole County. Section 20. Pumping or Draining. The Owner of any Lot which includes or is adjacent to any pond, creek, bay head, or other body of water shall not reduce the depth or size of said body of water by pumping or draining therefrom. Section 21. Leasing. No lease may be made for less than a three (3) month period, and all leases must be in writing. No more than two (2) leases may be executed per year for the rental of a Lot. Owners are required to provide to the Association the Owner's current mailing address, together with the names of those residing on the Lot. Each Owner shall be responsible for the acts and omissions, whether negligent or willful, of any person residing on his Lot, and for all guests, and invitees of the Owner or any such resident, and in the event the acts or omissions of any of the foregoing shall result in any damage to the Common Areas, or any liability to the Association, the Owner shall be assessed for same as in the case of any other Assessment, limited where applicable to the extent that the expense or liability is not met by the proceeds of insurance carried by the Association. Furthermore, any violation of any of the provisions of this Declaration, of the Articles, or the Bylaws, by any resident of any Lot, or any guest or invitee of an -Owner or any resident of a Lot, shall also be deemed a violation by the Owner, and shall subject the Owner to the same liability as if such violation was that of the Owner. {TL074g62; I} 17 With respect to any tenant or any person present on any Lot or any portion of the Property, other than an Owner and the members of his immediate family permanently residing with him in the Lot, if such person shall materially violate any provision of this Declaration, the Articles, or be a source of annoyance to the residents of the Property, or shall willfully damage or destroy any Common Areas or personal property of the Association, then upon written notice by the Association, such person shall be required to immediately leave the Property and if such person does not do so, the Association is authorized to commence an action to evict such tenant or compel the person to leave the Property and, where necessary, to enjoin such person from returning. The expense of any such action, including attorneys' fees, may be assessed against the applicable Owner, and the Association may collect such Assessment and have a lien for same as elsewhere provided. The foregoing shall be in addition to any other remedy of the Association. Section 22. Waterways. Motorized boat, jet ski or other motorized vessels are not permitted in any waterway within the Property. Section 23. Screen Enclosures. No screen enclosures may be constructed on any Lot except as approved by the ACB and after all necessary approvals and permits have been obtained from all governmental agencies. No screen enclosure may be constructed in any designated building setback area on any Lot. ARTICLE IX. INSURANCE AND HAZARD LOSSES The Association's Board of Directors, or its duly authorized agent, shall have the authority to and shall obtain blanket all-risk insurance, if reasonably available, for all insurable improvements on the Common Areas. If blanket all-risk coverage is not reasonably available, than at a minimum an insurance policy providing fire and extended coverage shall be obtained. Insurance, other than title insurance, that shall be carried on the Common Area and the Association Property shall be governed by the following provisions: Section 1. Authority to Purchase: Named Insured. All insurance policies upon the Common Area and the Association Property shall be purchased by the Association and shall be placed in a single agency or company, if possible. The named insured shall be the Association. The Association has the authority to use their discretion in obtaining the coverage listed hereinafter, as some of the requirements may be or become unobtainable, or may be cost prohibitive. Section 2. Coverage. (a) Fidelity Bonds. Blanket fidelity bonds must be maintained for anyone who either handles or is responsible for funds that the Association holds or administers. Cancellation or substantial modification of the bonds must be noticed to the Association members and FNMA servicers prior to change. (b) Hazard Insurance. All buildings and insurable improvements on the Common Area and the Association Property shall be insured for fire and extended coverage perils, excluding foundation and excavation costs at their maximum insurable {TL074862; I} 18 replacement value and all personal property owned by the Association shall be insured for its full insurable value, all determined annually by the Board of Directors of the Association. (a) Company Rating. The company or companies with whom the Association shall place its insurance coverage must meet the following requirements: a B general policyholder's rating or a fmancial performance index of 6 or better in the Best's Key Rating Guide, or an A or better rating from Demotech, Inc. (b) Deductible. The Association shall determine from time to time the maximum deductible amount permitted with respect to hazard insurance coverage. ( c) Endorsements. If available and/or applicable, an Inflation Guard Endorsement, a Construction Code Endorsement, and a Machinery Coverage Endorsement are required. ( c) Flood Insurance. If any part of the Association Property is in a Special Flood Hazard Area which is designated as A, AE, AH, AO, Al-30, A-99, V, VB OR Vl-30 on a Flood Insurance Rate Map, the Association must maintain a master or blanket policy of flood insurance. The amount of flood insurance should be at least equal to the lesser of 100% of the insurable value of the facilities or the maximum coverage available under the appropriate National Flood Insurance Administration program. Unless a higher deductible amount is required by state law, the maximum deductible amount for policies covering the Association Property and Common Area is the lesser of$5,000 or 1 % of the policy's face amount. (d) Liability Insurance. If the policy does not include "severability of interest" in its terms, a specific endorsement must be obtained to preclude the insurer's denial of an Owner's claim because of negligent acts of the Association or of other Owners. (e) Public Liability Insurance. The Association shall obtain public liability and property damage insurance covering all of the Common Area and the Association Property and insuring the Association and the Members as their interests appear in such amounts and providing such coverage as the Board of Directors of the Association may determine from time to time. The liability insurance shall include, but not be limited to, hired and non~owned automobile coverage. (f) Workmen's Compensation Insurance. The Association shall obtain workmen's compensation insurance in order to meet the requirements of law, as necessary. (g) Directors and Officers Liability Insurance. The Association shall obtain directors and officers liability insurance providing such coverage as the Board of Directors of the Association may determine from time to time. (h) Other Insurance. The Board of Directors or the Association shall obtain such other insurance as they shall determined from time to time to be desirable. {TL074862; I} 19 (i) Subrogation Waiver. If available, the Association shall obtain policies which provide that the insurer waives its right to subrogation as to any claim against Members, the Association and their respective servants, agents and guests. Section 3. Premiums. Premiums upon insurance policies purchased by the Association shall be paid by the Association. The cost of insurance premiums and other incidental expenses incurred by the Association in administering and carrying out any of the provisions of this Section shall be assessed agamst and collected from Members as part of General Assessments. Section 4. Association's Power to Compromise Claims. The Board of Directors of the Association is hereby irrevocably appointed agent for each Member and for each holder of a mortgage or other lien, for the purpose of compromising and settling all claims arising under insurance policies purchased by the Association, and to execute and deliver releases upon payment of claims. ARTICLE X. DEVELOPER'S RIGHTS Section 1. Sales Activity. Notwithstanding any provision herein to the contrary, until the Developer has completed, sold and conveyed all of the Lots within the Property, neither the Owners, nor the Association nor their use of the Common Areas shall interfere with the completion of the contemplated improvements and the sale of Lots and any other sales activity of the Developer, whether related to the Property or other developments of the Developer. The Developers (or its duly authorized agents or assigns) may make such use of the unsold Lots and the Common Areas as may facilitate such completion and sale including, but not limited to, the maintenance of sales offices, construction trailers, storage areas, model homes, and/or parking lots for the showing of the property, and the display of signs, billboards, flags, placards and visual promotional materials. The Developer shall have the right to use unimproved Lots for temporary parking for prospective purcliasers and such other parties as Developer determines. Each Lot and the Common Area is hereby subjected to an easement for the purposes set forth herein. Section 2. Replatting. It may be necessary for the Developer to replat a portion of the Property. The Developer shall have the right to replat unsold portions of the Property without requiring the joinder or consent of any Owner or mortgagee holding a mortgage on any Lot. Section 3. Utility and Construction Payments and/or Deposits. In the event a utility company or governmental authority requires a deposit to be made by the Developer, and such deposit shall be refunded at some time in the future, then the Developer (and not the Association) shall be entitled to receipt of the refunded funds. In addition, should construction payments made by the Developer be refunded by a utility company or governmental authority at some time in the future, then the Developer (and not the Association) shall be entitled to receipt of the refunded funds or the Association shall reimburse the Developer for such payments prior to the time that Owners other than the Developer elect a majority of the members of the Board of Directors ofthe Association. {TL074862;! } 20 Section 4. Developer's Right to Common Areas. Developer shall have the right from time to time to enter upon the Common Areas during periods of construction upon adjacent Property and for the purpose of construction of any facilities on the Common Areas that Developer elects to build. Developer may grant easements to Lot Owners adjacent to Common Areas for overhangs, protrusions and encroachments of any portion of the improvements to a Lot which are constructed by Developer. The Developer shall have the right to dedicate the Common Areas or a portion thereof to any governmental authority or utility company, or to grant an easement over the Common Areas in favor of any governmental authority or utility company, without requiring the joinder or consent of any other Owner or mortgagee holding a mortgage on any Lot. Section 5. Assignment of Developer Rights. The Developer shall have the right to assign to any other person or entity any or all of the Developer's rights reserved in this Declaration, in whole or in part, with respect to all or any portion of the Property. In the event of an assignment, the assignee shall not be liable for any action of a prior developer. Acquisition, development or construction lenders acquiring title to the Property or any portion thereof by foreclosure or deed in lieu of foreclosure shall have the right, but not the obligation, to assume the Developer's rights. Such acquisition, development or construction lender shall have the right -to assign the Developer's rights to a subsequent purchaser, regardless of whether or not the Developer's rights were assumed by the lender. Section 6. Developer Approval of Board Action. In the event the Developer no longer controls the Board of Directors but continues to own a portion of the Property, then the Developer shall have the right to veto any action taken by the Board if the Developer determines that such action materially and adversely affects the Developers interest in the community. Action of the Board shall be submitted to the Developer within ten (10) days of adoption of such action. In the event a written veto is not delivered by the Developer to the Board within ten (10) days of actual receipt of the action, then the action shall be deemed approved. ARTICLE XI. MORTGAGEES'RIGHTS The following provisions are for the benefit of holders, insurers, or guarantors of first mortgages on Lots in the Property. Section 1. Notices of Action. An Institutional holder, insurer, or guarantor of a first mortgage, who provides written request to the Association (such request to state the name and address of such holder, insurer, or guarantor and the Lot number), therefore becoming an "Eligible Holder"), will be entitled to timely written notice of (a) any condemnation loss or any casualty loss which affects a material portion of the Property or which affects any Lot on which there is a first mortgage held, insured, or guaranteed by such eligible holder; (b) any delinquency in the payment of assessments or charges owed by an Owner of a Lot subject to the mortgage of such eligible holder, insurer, or guarantor, {TL074862;1 } 21 where such delinquency has continued for a period of sixty (60) days; provided, however, notwithstanding this provision, any holder of a first Mortgage, upon request, is entitled to written notice from the Association of any default in the performance by an Owner of a Lot of any obligation under the Declaration or Bylaws of the Association which is not cured within sixty (60) days; ( c) any lapse, cancellation, or material modification of any insurance policy or fidelity bond maintained by the Association; or (d) any proposed action which would reqUIre the consent of a specified percentage of eligible holders. Section 2. No Priority. No provision of this Declaration or the bylaws gives or shall be construed as giving any Owner or other party priority over any rights of the first mortgagee of any Lot in the case of distribution to such Owner of insurance proceeds or condemnation awards for losses to or a taking of the Common Area. Section 3. Notice to Association. Upon request, each Owner shall be obligated to furnish to the Association the name and address of the holder of any mortgage encumbering such Owner's Lot. Section 4. Applicability of Article XI. Nothing contained in this Article shall be construed to reduce the percentage vote that must otherwise be obtained under the Declaration, Bylaws, or Florida law for any of the acts set out in this Article. Section 5. Failure of Mortgagee to Respond. Any Mortgagee who receives a written request from the Board to respond to or consent to any action shall be deemed to have approved such action if the Association does not receive a written response from the Mortgagee within thirty (30) days of the date of the Association's request, provided the notice was delivered by certified or registered midI, with a "return receipt" requested. ARTICLE XII. GENERAL PROVISIONS Section 1. Duration. The covenants and restrictions of this Declaration shall run with and bind the land, and shall inure to the benefit of and be enforceable by the Developer, the Association or the Owner of any Lot subject to this Declaration, and their assigns, for a term of thirty (30) years from the date this Declaration is recorded, after which time said covenants shall be automatically extended for successive periods of ten (10) years each unless an instrument signed by the then Owners of two-thirds of the Lots and an instrument signed by the then Mortgagees of two-thirds of the mortgaged Lots have been recorded, agreeing to change or terminate said covenants and restrictions in whole or in part. Section 2. Notice. Any notice required to be sent to any Owner under the provisions of this Declaration shall be deemed to have been properly sent when personally delivered or mailed (postpaid), transmitted by way of telecopy, or sent by overnight courier, to the last known {TL074862;1} 22 address of the person who appears as Member or Owner on the records of the Association at the time of such mailing. Section 3. Enforcement. Enforcement of these covenants and restrictions shall be by any proceeding at law or in equity against any person or persons violating or attempting to violate any covenant or restriction either to restrain violation or to recove.r damages, and against the land to enforce any lien created by these covenants and failure by the Developer, the Association or any Owner to enforce any covenant or restriction herein contained shall in no event be deemed a waiver of the right to do so thereafter. These covenants may also be enforced by the Architectural Control Board. The District shall have the right to enforce, by a proceeding at law or in equity, the provisions contained in this Declaration which relate to the maintenance, operation and repair of the surface water or Stormwater Management System. Seminole County shall also have the right to enforce, by a proceeding at law or in equity, the provisions contained in this Declaration which relate to the maintenance, operation and repair of the surface water or Stormwater Management System. The Association is hereby empowered to adopt reasonable rules and regulations for the imposition of fines to be levied against any Owner for failure to comply with the terms of this Declaration or rules and regulations of the Association. Any rule or regulation subjecting any Owner to fines shall include provisions for notice, hearing, appeal and fines. Fines shall constitute an assessment due to the Association and upon failure to pay such fme within the period prescribed by the Association shall become a charge and continuing lien upon the Owner's Lot. Section 4. Severability. Invalidation of anyone of these covenants or restrictions by judgment or court order shall in no way affect any other provisions which shall remain in full force and effect. Section 5. Amendment. For so long as the Developer has the right to appoint the entire Board of Directors of the Association, the Developer may unilaterally amend this Declaration. At such time as the Developer no longer has right to appoint the entire Board of Directors ofthe Association this Declaration may be amended only by the affIrmative vote or written consent, or any combination thereof, of Members representing two-thirds of the total votes of the Association. Every amendment must have the written joinder and consent of the Developer for so long as the Developer owns any portion of the Property. However, the percentage of votes necessary to amend a specific clause shall not be less than the prescribed percentage of . affirmative votes required for action to be taken under that clause. Any amendment must be recorded in the Public Records of Seminole County, Florida. No amendment shall make any changes which would in any way affect any of the rights, privileges, powers or options herein provided in favor of, or reserved to, Developer, unless Developer joins in the execution of the amendment. Any amendments to this Declaration which alter any provision relating to the surface water or Stormwater Management System, beyond maintenance in its original condition, including the water management portions of the Commons Areas, must have the prior approval of the District and Seminole County. Any amendments to this Declaration which alter the age restrictions with respect to persons under eighteen (18) years 0 f age must have the prior approval of the Seminole County Board of County Commissioners' and the Developer for so long as the Developer owns any Lot(s) within the Property. {TL074862; I} 23 Section 6. Litigation. No judicial or administrative proceeding shall be commenced or prosecuted by the Association unless approved by a vote of seventy-five (75%) percent of the Owners. This Section shall not apply, however, to (a) actions brought by the Association to enforce the provisions of this Declaration (including, without limitation, the foreclosure ofliens), (b) the imposition and collection of assessments, (c) proceedings involving challenges to ad valorem taxation, (d) actions brought by the Association to enforce contracts to which the Association is a party, or (e) counterclaims brought by the Association in proceedings instituted against it. This section shall not be amended unless such amendment is made by the Developer or is approved by the percentage votes, and pursuant to the same procedures, necessary to institute proceedings as provided above. Section 7. Effective Date. This Declaration shall become effective upon its recordation in the Seminole County Public Records. EXECUTED the date first above written. Signed, sealed and delivered in the presence of: LEVITT AND SONS OF SEMINOLE COUNTY, LLC, a Florida limited liability company Name: By: Printed Name: Its: Name: [Corporate Seal] STATE OF FLORIDA ) ) SS COUNTY OF SEMINOLE ) The foregoing instrument was acknowledged before me, this _ day of 2005, by , as of Levitt and Sons of Seminole County, LLC, a Florida limited liability company. He or she is personally known to me. Notary Public Print Name: State of Florida My Commission Expires: {TL074862;1 } 24 JOINDER AND CONSENT OF MORTGAGEE The undersigned is the holder of a mortgage as recorded in Official Records Book , Page , in the Public Records of Seminole County, Florida, and hereby joins in and consents to the recording of the Declaration of Restrictions and Protective Covenants of Jesup's Landing Townhomes, dated , 2005, and hereby subordinates the lien of its Mortgage to the terms and conditions thereof. of IN WITNESS WHEREOF, the undersigned sets its hand and seal on this ,2005. day Signed, sealed and delivered in the presence of: BANK OF AMERICA, N.A. By: Printed Name: Its: Name: [Corporate Seal] Name: COUNTY OF ) ) SS ) STATE OF The foregoing instrument was acknowledged before me, this _ day of 2005, by , as of Bank of America, N.A. He or she is _ personally known to. me or _ produced as identification. Notary Public Print Name: State of Florida My Commission Expires: {TL074862;\ } 25 EXInBIT "A" {TL074862;1 } 26