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HomeMy WebLinkAboutParkstone "".",,,,,.. ~\f ;,;'~ a~:~:~~~i~';~=~ tn. Burgess N. Trank, Jr. Centex Homes 385 Douglas Avenue, Suite 1000 Altamonte Springs, Florida 32714 ,Jl JJ" / ~ ~ 'I .. c- J' rl . w ;., -I ;;> .' .~ 3 ~ tl .../ ] ..J- () . " J (' > ,J ,.,. 1 \J ('{ - u.> -J ale Cfl 0"" 'rT\ 0 0"" ~ \D ~n % o I rr' ("')..-'\ <: Cl - -oC eN ~:: ~ ", Cl~ I '-- fY1 4 o RECEIVED SEP 1 3 1999 CITY OF WINTER SPRINGS BUILDING DEPARTMENT DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR PARKSTONE SEMINOLE COUNTY, FLORIDA r-...) (.I.) THIS DECLARATION is made on the date hereinafter set forth by Centex Homes, ~ a Nevada general partnership, hereinafter referred to as the "Declarant". (.I.) WITNESSETH WHEREAS, Declarant is the owner of certain real property in Seminole County, Florida, described on Exhibit "A" attached hereto and incorporated herein by reference; and to f.Q f.Q WHEREAS, Declarant desires to create an exclusive planned residential community ~ C") known as Parkstone on the land described on Exhibit "A" and such other land as may be added thereto pursuant to the terms and provisions of this Declaration; and >" r .... :-' ..;::- I. .~ ,..01 , "II') _p 'J: :.1.l-4 ..- :;.::1>- ~r:. CJ ::0 .,.--<: 'l-' q12~ C') :';I;Z i=J l) fT1 r~s= -:t ~'~-"-1e ~,) ..< 0 (fl ~f1Cif1 ....' c.: ," ..,\ <..0 :::0 ~ n o ;;:0 o fT1 o s;>o < ,." ;;:0 "'T1 r.., :.:0- :3: WHEREAS, Declarant desires to establish a not-for-profit corporation to be known c.p as the Parkstone Community Association, Inc., to own, operate and maintain the Common Areas herein described for the use and benefit of the Owners of Lots within the Property Ul as herein described; se-r-;3~~ 'P~. S3 . - g~. J2.. Z3, G:ILegal\A\lSIOrlandoIParkstoneI080499 prkstn deer irrig revwpd revised 080499 6 p,m. -1- 1)6 ,18~#'f"tO Sr;tZ-( rn~.. 9 IDu.:::::. (!;"'Fr- (2.p"L ::::. ~ Pro F ::. '20 F"" (Z. '::1 a.t!J PI' ,:r <3 '::= 6' ~r: (?~r'A.::a I G' -"7__'.."""____~ ff' .- NOW THEREFORE, Declarant declares that the real property described on attached Exhibit "A" shall be held, sold and conveyed subject to the restrictions, covenants and conditions declared below, which shall be deemed to be covenants running with the land and imposed on and intended to benefit and burden each Lot and other portions of the Property in order to maintain within the Property a planned community of high standards. Such covenants shall be binding on all parties having any right, title or interest therein or any part thereof, their respective heirs, personal representatives, successors and assigns, and shall inure to the benefit of each owner thereof. U') ", 3: z o r m n ::u Section 1.1. "Articles of Incorporation" or "Articles" shall mean and refe?to<+Re ~ Articles of Incorporation for Parkstone Community Association, Inc., a FIoridarlJ...t-!- i2~ ~ (;)0 profit corporation in the form attached hereto as Exhibit "B" and incorporated herei y filet) reference. ARTICLE 1 c.u -.J o \D we 0.." 0." A- n l> r- DEFINITIONS Section 1.2. "Association" shall mean and refer to Parkstone Community Association, Inc., a Florida not-for-profit corporation established for the purposes set forth herein. Section 1.3. "Board" shall mean the Board of Directors of the Association, appointed or elected in accordance with the Bylaws of the Association. Section 1.4. "Builder" shall mean and refer to Centex Homes, a Nevada general partnership and any other residential building company acquiring Lots from the Declarant for the purpose of construction and sale of homes. Section 1.5. "Bylaws" shall mean and refer to the Bylaws of the Parkstone Community Association, Inc. in the form attached hereto as Exhibit "C" and incorporated herein by reference. Section 1.6. "Common Areas" or "Common Property" shall mean and refer to that portion of the Property, if any, conveyed to the Association for the use and benefit of the Owners, including without limitation, the property and improvements described in Exhibit "D" attached hereto and incorporated herein by reference. G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -2- . . Section 1.7. "Common Maintenance Areas" shall mean and refer to the Common Areas, if any, and drainage facilities and detention ponds and any areas within public rights-of-way or easements that the Board of Directors of the Association deems it necessary or appropriate to maintain for the common benefit of the members. Section 1.8. "Declarant" shall mean and refer to Centex Homes, a Nevada general partnership, its successors and assigns who are designated as such in writing by Declarant, W and who consent in writing to assume the duties and obligations of the Declarant "'ihth-a respect to the Lots acquired by such successor or assign. ~ 0 - \D :z: Section 1.9. "Declaration" shall mean and refer to this Declaration of Covena~, Conditions and Restrictions for Parkstone, and any amendments, annexations ~d supplements thereto made in accordance with its terms. P 0 ...."CN r-CN Section 1.10. "Lot" shall mean and refer to any of the plots of land indicated upon N the recorded subdivision map of the Property or any part thereof creating single-family homesites, with the exception of the Common Area and areas deeded to a governmental authority or utility, together with all improvements thereon. we 0'" 0'" :A- n 1> r- ::u fTl ("") -wo 'p.:;;tl C'O rrHr. Section 1.11. "Owner" shall mean and refer to the record owner, whether one or more persons or entities, of a fee simple title to any Lot, including contract sellers, but excluding those having an interest merely as security for the performance of an obligation. Section 1.12. "Plat" shall mean and refer to the recorded plat of Parkstone, and/ or any other subdivision plat applicable to the Undeveloped Parcel which is later annexed to this Declaration and made a part of the Association. Section 1.13. "Private Street" shall mean and refer to the Common Property identified as such on Exhibit "D", including without limitation, the paved streets, curbs, gutters, drainage facilities, landscaping, sidewalks and other improvements, if any constructed or installed within the platted rights-of-way of such Private Streets, if any. Section 1.14. "Property" shall mean and refer to the real property described on the attached Exhibit "NI, and such additions thereto as may be brought within the jurisdiction of the Association and be made subject to this Declaration. Section 1.15. "Supplemental Declaration" shall mean any supplement, amendment or modification of this Declaration. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -3- Section 1.16. II Surface Water and Stonn Water Management System" shall mean and refer to a system of swales, inlets, culverts, retention ponds, detention ponds, lakes, outfalls, storm drains and the like, and all connecting pipes and easements, which is designed and constructed or implemented to control discharges which are necessitated by rainfall events, incorporating methods to collect, convey, store, absorb, inhibit, treat, use or reuse water to prevent or reduce flooding, overdrainage, environmental degradation, and water pollution or otherwise affect a quantity and quality of discharges from the system, as permitted pursuant to Chapters 40C-4, 40C-40, or 40C-42, Florida Administrative Code. W en ........, r"10 Section 1.17. "Undeveloped Parcel" shall mean and refer to the lands describ~ in.o Exhibit "E" attached to this Declaration, portions of which are presently unimpr~ed parcels of land which Declarant may, but is not obligated to, develop and which, by ftffure annexation, may be subjected to this Declaration. !;5 0 '""'~ Section 1.18. "UnW' shall mean a portion of the Properties, whether develop;d ~ undeveloped, intended for development, use and occupancy as a detached residence for a single family, or as an attached townhome or villa home, or as an attached or detached condominium residential unit, and shall, unless otherwise specified, include within its meaning (by way of illustration but not limitation) single-family detached houses on separately platted Lots, attached townhomes or villa homes, and condominium residential units as well as vacant land intended for development as such, all as may be developed, used, and defined as herein provided or as provided in Supplemental Declarations covering all or part of the Property. The term shall include all portions of the Lot together wi th all improvements thereon. In the case of a parcel of vacant land or land in which improvements are under construction, the parcels shall be deemed to contain the numbers of Units designated for such parcel on the Plat or site plan approved by Declarant, whichever is more recent, until such time as a certificate of occupancy is issued on all or a portion thereof by a local government entity having jurisdiction, after which the portion designated in the certificate of occupancy shall constitute a separate Unit or Units as determined above, and the number of Units in the remaining land, if any, shall continue to be determined in accordance with this paragraph. Section 1.19. "Architectural Control Committee" or "Ace" shall mean the committee established by the Association according to the provisions of Article 8 of this Declaration. ARTICLE 2 G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -4- .. CUe 0.." 0.." ~- ('j 1> (- :::;J :T1 -r"-.. ~g c;,O r'I'JCi) PROPERTY SUBJECT TO DECLARATION Section 2. 1. Property Subject to this Declaration. From and after the time that this Declaration is recorded in the Public Records of Seminole County, Florida, the Property shall be subject to the terms and conditions of this Declaration. The Property shall be held, sold and conveyed subject to the easements, restrictions, covenants and conditions contained in this Declaration, which shall run with the land and be binding on all parties having any right, title or interest in the Property or any part thereof, their heirs, successors or assigns and shall inure to the benefit of each owner thereof. k..... Section 2.2. Annexation. (,..) eft..... fT1 0 2.2.1. Within the period beginning with the date this Declaratio~s \.0 recorded in the Public Records of Seminole County, Florida and ending either~ (a) se~ (7) years thereafter, or (b) five (5) years from the date of recording of the last record~ Supplemental Declaration annexing additional land to this Declaration, whichever eveS 0 (a) or (b), occurs later, the Declarant may, without the consent or joinder of the Owners~ c.,,) any other person or entity, annex additional real property (including Common ProperfY) c..> .. within the Undeveloped Parcel to the Properties. Annexations under this Subsection 2.2.1 shall be accomplished by filing a Supplemental Declaration describing the real property to be annexed (or withdrawn pursuant to Section 2.3 of this Article 2, as the case may be), and shall become effective when such Supplemental Declaration is filed among the Public Records of Seminole County, Florida, unless otherwise provided therein. Declarant shall have the unilateral right to transfer to any other person or entity the right, privilege, and option to annex additional property which is herein reserved to Declarant, provided that such transferee or assignee shall be the developer of at least a portion of the Properties and that such transfer is memorialized in a written, recorded instrument executed by the Declarant. co c:. 0"" 0"" xc=; l> r- ;0 rr: (j '''0 0 ~::o ClO p'l(n 2.2.2. Subject to the consent of the owner thereof, the Association may annex real property, other than property within the Undeveloped Parcel, to the provisions of this Declaration and the jurisdiction of the Association. Such annexation shall require the affirmative vote of two-thirds (2/3) of the votes of each class of Members of the Association. The annexation of land under this Subsection 2.2.2 shall be accomplished by the recordation in the Public Records of Seminole County, Florida, of a Supplemental Declaration describing the property being annexed and signed by the President and Secretary of the Association and by the owner of the property being annexed. Any such annexation shall be effective upon filing unless otherwise provided therein. G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -5- (JFfICIA~ "~~.OROS ~OOK PAGE 3709 0335 SEMINOLE CO. FL 2.2.3. No provIsIOn of this Declaration shall be construed to require Declarant or any other person or entity to annex any real property to this Declaration. Further, the Declarant is not obligated to bring all or any part of the remaining real estate in the Undeveloped Parcel into the Association. 2.2.4. The Declarant intends to develop the Property, the Undeveloped Parcel and adjoining lands in accordance with applicable ordinances and regulations, and hereby reserves the right to develop and use any or all of the Undeveloped Parcel or adjoining lands in any manner permitted by such ordinances and regulations, and without any obligation to the Owner of any Lot which is subject to this Declaration. The Declarant shall not be required to follow any predetermined order of improvement and development of the Undeveloped Parcel or adjoining lands; and it may annex additional lands within the Undeveloped Parcel in any order, and construct improvements thereon before completion of all improvements on the Property or any previously annexed lands. 2.2.5. Covenants and restrictions applicable to annexations to the Property shall be compatible with, but need not be identical to, the covenants and restrictions set forth in this Declaration. 2.2.6. In the event that either the Federal Housing Administration (the IIFHAII) or the Department of Veterans Affairs (the IIV A") insures or guarantees any mortgage encumbering a Lot, and the regulations or procedures of such agency require under such circumstances approval of annexations by such agency or determination by such agency that such annexation is consistent with the general plan of development for the Parkstone, then such approval or determination as described in Article 16, Subsection 16.2.5 shall be a prerequisite to such annexation. Section 2.3. Withdrawal. Within the period beginning with the date this Declaration is recorded in the Public Records of Seminole County, Florida and ending either (a) seven (7) years thereafter, or (b) five (5) years from the date of recording of the last recorded Supplemental Declaration annexing additional land to this Declaration, whichever event (a) or (b) occurs later, the Declarant may, without the consent or joinder of the Owners or any other person or entity, when necessary or desirable to accommodate changes in the plan of development of Parkstone, withdraw from the provisions of this Declaration any of the Property that continues to be owned by the Declarant, and its successors or assigns, and which has not been dedicated or designated as Common Property. Withdrawals under this Section 2.3 shall be accomplished by filing a Supplemental Declaration describing the real property to be withdrawn and shall become G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -6- 0fC"ICIA:.. RECORDS Bl \ PAGE 3709 0336 SEMINOLE CO. FL effective when such Supplemental Declaration has been recorded in the Public Records of Seminole County, Florida, unless otherwise provided therein. Section 2.4. Conveyance of Common Areas to the Association. When Declarant conveys title to the first Unit within each phase of development to be conveyed to a Class "A" Member, the Declarant shall be obligated to convey title to all of the Common Areas located in such phase of development to the Association which shall be obligated to accept such conveyance pursuant to Article 7. ARTICLE 3 CREATION OF ASSOCIATION~ MEMBERSHIP~ VOTING RIGHTS Section 3.1. Creation of Association. Upon execution of this Declaration, Declarant shall cause the Association to be created by recording the Articles of Incorporation and Bylaws thereof with the Secretary of State of Florida in the forms attached hereto as Exhibits "B" and "C" , respectively, and incorporated herein by reference. Section 3.2. Membership. Every Owner of a Unit or Lot, and every Builder owning any Unit or Lot, by virtue of the ownership of such Unit or Lot, and the Declarant and its successors and assigns, shall be Members of the Association, and by acceptance of a deed or other instrument evidencing an ownership interest, each Owner, Builder and Declarant accepts membership in the Association, acknowledges the authority of the Association as herein stated, and agrees to abide by and be bound by the provisions of this Declaration, the Articles of Incorporation, the Bylaws and other rules and regulations of the Association. The term "Member" shall include each person or entity owning any right, title or interest in any Unit or Lot, except persons or entities holding mortgages or other security or trust interests unless such persons or entities also have the right of possession. Tenants or others occupying any Unit who do not have an ownership interest therein shall not be Members for the purposes of this Declaration. Membership in the Association is appurtenant to, and may not be severed from, the Unit or Lot. The rights and obligations of a Member may not be assigned or delegated except as provided in this Declaration, the Articles of Incorporation or Bylaws of the Association, and shall automatically pass to the successor-in-interest of any Owner upon conveyance of such Owner's interest in the Lot or Unit. Members shall be responsible for compliance with the terms and conditions of this Declaration, the Articles of Incorporation and Bylaws, and rules and regulations of the Association by all occupants, tenants, guests, invitees and family members while residing in or visiting any Unit, Common Area or other portion of the Property. G:\LegaI\AVS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -7- Jf ~IAL REC:OROS BOll" PAGE 3709 0337 SEMINOLE CO. FL Section 3.3. V oting Rights. Members of the Association shall be allocated votes as follows: 3.3.1. Classes. Class A. Class A Members shall be all Owners with the exception of the Declarant and any Builders. Each Class "A" Member shall be entitled to one vote for each Lot or Unit owned. Class B. The Class B Member shall be the Declarant, or its specifically designated (in writing) successor. The Class B Member shall be allocated three (3) votes for each Lot or Unit owned by it within the Property which is subject to assessment by this Association; provided, that the Class B membership shall cease and become converted to Class A membership as setforth in Section 3.5 of this Article 3. Upon conversion to Class A membership, the Declarant shall have one vote for each Unit or Lot owned by it within the Property so long as said Unit or Lot is subject to assessment by this Association. Class C. All Builders, as defined herein, except the Declarant, shall be Class C Members. Class C Members shall have one (1) vote for each Lot or Unit they own in the Property . 3.3.2. Joint Ownership. When any Unit or Lot is owned of record in the name of two or more persons or entities, whether fiduciaries, joint tenants, tenants in common, tenants in partnership, or in any other manner of joint or common ownership, or if two or more persons or entities have the same fiduciary relationship respecting the same property, then unless the instrument or order appointing them or creating the tenancy otherwise directs, and a copy thereof is filed with the secretary of the Association, such Owner shall select one official representative to qualify for voting in the Association and shall notify in writing the Secretary of the Association of the name of such individual. The vote allocated to any Unit or Lot (including Units or Lots owned by the Declarant or a Builder) may not be divided or cast in any fraction, and the vote of each official representative shall be considered to represent the will of all the Owners of that Lot or Unit If the Owners fail to designate their official representative, then the Association may accept the person asserting the right to vote as the voting Owner until notified to the contrary by the other Owner(s). Upon such notification no affected Owner may vote until the Owner(s) appoint their official representative pursuant to this paragraph. G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -8- OFFICIAL RECORDS 80"1.( PAGE 3709 0338 SEMINOLE CO. FL Section 3.4. Change of Membership. 3.4.1. Ownership. Change of membership in the Association shall be established by recording in the Public Records of Seminole County, Florida, a deed or other instrument conveying record fee title to any Lot or Unit, and by the delivery to the Association, of a copy of such recorded instrument. The Owner designated by such instrument shall, by acceptance of such instrument, become a Member of the Association, and the membership of the prior Owner shall be terminated. In the event that a copy of said instrument is not delivered to the Association, said Owner shall become a Member, but shall not be entitled to voting privileges until delivery of a copy of the conveyance instrument to the Association. The foregoing shall not, however, limit the Association's powers or privileges and the new Owner shall be liable for accrued and unpaid fees and assessments attributable to the Lot or Unit acquired. Notwithstanding the foregoing, the Declarant, or any Builder, shall have the right to notify the Association in writing of conveyance of a Unit to an Owner without the requirement of providing a copy of the deed, and the Association shall recognize the Owner identified in such written notice as a Member of the Association and Owner of the Unit. 3.4.2. Interest in Association. The interest, if any, of a Member in the funds and assets of the Association shall not be assigned, hypothecated or transferred in any manner except as an appurtenance to the Owner's real property. Membership in the Association by all Owners shall be compulsory and shall continue, as to each Owner, until such time as such Owner of record transfers or conveys his interest in the real property upon which his membership is based or until said interest is transferred or conveyed by operation of law, at which time the membership shall automatically be conferred upon the transferee. Membership shall be appurtenant to, run with, and shall not be separated from the real property interest upon which membership is based. Section 3.5. Class B Membership Status. 3.5.1. Duration. The Declarant's Class B membership status shall continue, and shall be in effect, during the period from the inception of this Declaration until either (1) seven (7) years from the date this Declaration is recorded; or (2) five (5) years after the date of recording of the last Supplemental Declaration annexing additional property into this Association, whichever event, (1) or (2) occurs later; or (3) upon recording of a voluntary written notice executed by the Declarant or its duly authorized successor or assignee electing to convert its Class B status to Class A; or (4) in any event, ninety (90) days after the conveyance of the Unit to a Class A Member that causes the total number of G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -9- OFFiCIAL REC.ORDS BOO PAGE 3709 0339 SEMINOLE CO. FL votes held by all Class A Members of this Association to equal the number -of votes held by the Class B Member, whichever event, (1), (2), (3) or (4), occurs first; provided however, that if Class B status is converted to Class A pursuant to clause (4) and, subsequent to such event, the Declarant annexes additional property within the Undeveloped Parcel to the Association or annexes additional Lots developed within the Undeveloped Parcel to the Association, and such annexation causes the number of Lots or Units owned by the Declarant within the Property, as increased by the annexation, to exceed twenty-five percent (25%) of the total number of Lots and Units within the Property, Declarant's Class B status shall be restored as to all Lots and Units then owned by Declarant, and shall continue until the next occurrence of an event of conversion described above. 3.5.2. Assignment. The Declarant shall have the right to partially assign its status as Declarant and Class B Member, by recorded instrument executed by the original Declarant and acknowledged and accepted by the assignee Declarant, to any person or entity acquiring any portion of the Property for the purpose of development of a residential subdivision, and any such assignee shall thereafter be deemed to be the Declarant as to the Lots or Units owned by such person or entity, and shall have the right to exercise all of the rights and powers of the Declarant as to such Lots and Units, while, at the same time, the original Declarant shall continue to exercise the rights and powers of the Declarant as to all Lots and Units owned by such original Declarant. If any action of the Association requires the approval, consent or vote of the Declarant, and the original Declarant has partially assigned its rights as Declarant to others pursuant to this paragraph, the consent or vote of all such Declarants shall be required to satisfy the requirement of consent by the Declarant. ARTICLE 4 FUNCTIONS OF ASSOCIATION Section 4.1. Common Maintenance Areas. The Association, subject to the rights of the Owners set forth in this Declaration, shall be responsible for the exclusive management and control of the Common Maintenance Areas and all improvements thereon (including, without limitation, furnishings and equipment related thereto and common landscaped areas), and shall keep the Common Maintenance Areas in good, clean, attractive, and sanitary condition, order, and repair, pursuant to the terms and conditions hereof and any agreement with another association or governmental agency. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -10- o CIAL RECORDS BOuK PAGE 3109 0340 SEMINOLE CO. Fl Section 4.2. Personal Property and Real Property for Common Use. The Association, through action of its Board, may acquire, hold, and dispose of tangible and intangible personal property and real property. The Board, acting on behalf of the Association, shall accept any real or personal property, leasehold, or other property interests within the Property conveyed to it by the Declarant. Section 4.3. Services. The Association shall have the following powers: 4.3.1. Maintenance of Common Maintenance Areas, Surface Water and Storm Water Management Systems, recreation parcels, and all city, county, district or municipal properties and rights-of-way (to the extent permitted by any governmental authority) which are located within or in a reasonable proximity to the Properties where deterioration of any of the described items would adversely affect the appearance of the Properties or the operation of systems appurtenant to Parkstone. 4.3.2. Maintenance of any real property located within Parkstone upon which the Association has accepted an easement for said maintenance. 4.3.3. Maintenance of beaches, lakes and canals owned by or dedicated for the use of the Association within the Properties, as well as maintenance of bodies of water if and to the extent permitted or required by any contract or by any governmental authority having jurisdiction thereof. 4.3.4. Insect, pest and aquatic control where necessary or desirable in the judgment of the Board to supplement the service provided by the state and local governments. The provisions of this paragraph shall not be construed as an obligation on the part of Association to provide such services. 4.3.5. Taking any and all actions necessary to enforce all covenants, conditions and restrictions affecting the Properties and to perform any of the functions or services delegated to the Association in any covenants, conditions or restrictions applicable to the Property or in the Articles or Bylaws. 4.3.6. Conducting business of the Association, including but not limited to administrative services such as legal, accounting and financial, and communication services informing Members of activities, Notice of Meetings, and other important events. The Association shall have the right to enter into management G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -11- OFF' BOOh 3709 \L RECORDS PAGE ,034 I SEMINOLE CO. FL agreements with companies affiliated with the Declarant in order to provide its services, and perform its functions. 4.3.7. Establishing and operating the Architectural Control Committee, pursuant to Article 8. 4.3.8. Adopting, publishing and enforcing such Rules and Regulations as the Board deems necessary. 4.3.9. Lighting of roads, sidewalks, walking and bike paths throughout the Properties as deemed necessary by the Board. The provisions of this paragraph shall not be construed as an obligation on the part of Association to provide such services. 4.3.10. At the sole option and discretion of the Board, con- ducting recreation, sport, craft, and cultural programs of interest to Members, their families, tenants and guests and charging admission fees for the operation thereof. 4.3.11. Constructing improvements on Common Property and easements as may be required to provide the services as authorized in this Article. 4.3.12. Employment of guards, maintenance of control centers for the protection of persons and property within the Properties, installation, operation and maintenance of communication systems by the Association or a contractual designee of the Association, and assistance in the apprehension and prosecution of persons who violate the laws of Seminole County or the State of Florida within the Properties. However, neither the Association, nor the Declarant shall be obligated to provide any security measures to the Properties nor shall they be held liable for any loss or damage by reason of failure to provide adequate security or ineffectiveness of security measures undertaken. All Owners, tenants, guests, and invitees of any Owner, as applicable, acknowledge that the Association and the Declarant are not insurers and that each Owner, tenant, guest, and invitee assumes all risk of loss or damage to persons, to Units and to the contents of Units and further acknowledge that Declarant has made no representations or warranties, nor has any Owner, tenant, guest, or invitee relied upon any representations or warranties, express or implied, including any warranty of merchantability or fitness for any particular purpose relative to any security measures recommended or undertaken. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -12- O~~ICIAL. REGORDS ~,( PA' GC t;.\ . ~ 3709 '0342 SEMINOLE CO. FL 4.3.13. The Association shall also provide exterior landscape maintenance for the Lots within the Association pursuant to Article 10, Section 10.3 of this Declaration, and may perform other maintenance upon other improvements located on the Lot that are not part of the Unit to be maintained by the Association which, in the reasonable opinion of the Board of Directors of the Association, requires such maintenance because said improvements are being maintained in a manner inconsistent with the overall appearance and standards prevailing within the Association. The Association shall notify the Owner of said improvements in writing, specifying the nature of the condition to be corrected, and if the Owner has not corrected the condition within fifteen (15) days after date of said notice, the Association (after approval of a majority of the Board) may correct such condition. Said maintenance shall include but not be limited to painting, repairs, replacement and maintenance of roofs, gutters, down spouts, exterior building surfaces, trees, shrubs, grass, walks and other exterior improvements. For the purpose of performing the landscape maintenance authorized by this Article, the Association, through its duly authorized agents or employees, shall have the right, after reasonable notice to the Owner, to enter upon any Lot at reasonable hours on any day; provided, however, the Association shall have the right of entry without notice if necessary to correct an emergency situation. The cost of any maintenance performed on improvements, except those services described in Article 10, Section 10.3 of this Declaration, shall be assessed against the Lot upon which such maintenance is performed as a Special Assessment as provided in Article 6, Section 6.7. 4.3.14. Establish use fees and promulgate rules and regulations respecting the use of Common Property and Association facilities by Members and persons other than Members. 4.3.15. Engage in any activities reasonably necessary and legally required to remove from the Common Maintenance Areas, Common Property, Surface Water and Storm Water Management System and other open space any pollutants, hazardous waste or toxic materials, and by Special Assessment, recover costs incurred from the Owner(s) causing such condition or upon whose property such materials were located or generated. 4.3.16. Accept conveyance of all Common Areas from the Declarant, including all improvements, structures, equipment, apparatus or personal property thereon, and cooperate with and assist Declarant, its agents, employees and contractors in periodic inspection and maintenance thereof pursuant to Article 7. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -13- '':"FICIA:.. REC.ORDS ~ ..I0K PAGE 3709 0343 SEMINOLE. CO. Fl The functions and services allowed in this Section to be carried out or offered by the Association at any particular time shall be determined by the Board taking into consideration proceeds of assessments and the needs of the Members of the Association. The functions and services which the Association is authorized to carry out or to provide, may be added to or reduced at any time upon the affirmative vote of a majority of the Board; provided, however, the Board may not vote to reduce or abrogate the Association's responsibility to maintain Common Maintenance Areas. The Association may provide the permitted services by contract with third parties, including agreements with applicable governmental agencies. Section 4.4. Conveyance to Association. The Association shall be obligated to accept any and all conveyances to it by Declarant of fee simple title, easements or leases to open space, parks, lakes, recreation parcels, Surface Water and Storm Water Management Systems or Common Property as set forth in Article 7. Section 4.5. Conveyance by Association. The Association may conveyor dedicate lands or easements that are part of the Common Properties owned by the Association to Seminole County, the State of Florida, or other governmental authority or agency. The Association may also convey lands or easements that are part of the Common Properties owned by the Association to the Declarant in connection with any replatting of any portion of the Property. Section 4.6. Contracts with Other Associations. The Association is authorized to enter into any contracts or easement arrangements with other associations that may subsequently be formed for portions of the Parkstone property that are not annexed hereto and made subject to this Declaration provided that such contracts or easements are necessary or beneficial for the operation of the Association or the maintenance of the Properties; provided that the costs or expenses of operating, performing, or maintaining such contracts or easements shall be allocated between this Association and such other associations in accordance with the cost incurred or benefit received by each association. Any such contracts or easements shall be approved by the vote or written consent of a majority of the Board of the Association. Section 4.7. Security Services and Gatehouse. In the event that Declarant constructs a gatehouse at the entrance to the Properties, the Association shall have the right, but not the obligation to provide a security guard and/or other gate control measures. The Board of Directors of the Association shall determine the extent of security services, if any, to be provided by the Association as part of its annual budgeted expenses. G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -14- OFFICIAL RECORPS aor PAGE 3709 o 3 4 I. SEMINOLE CO. FL No Owner shall have any claim or cause of action whatsoever against the Association or the Declarant for the absence of security guards or other gate control measures at the entrance to the Properties. The Association Board of Directors shall establish all rules and regulations concerning gate operation and access, provided that the Association shall not restrict access to the Properties by Declarant, its agents, employees, contractors, customers or invitees at all reasonable hours. Any security gate or gatehouse erected by the Declarant shall be dedicated to the Association, and shall be accepted by the Association pursuant to Article 7 and maintained, repaired and replaced by the Association as part of the Common Maintenance Area. ARTICLE 5 GENERAL POWERS AND DUTIES OF BOARD OF DIRECTORS OF THE ASSOCIATION Section 5.1. Purpose of Maintenance Fund. The Board, for the benefit of the Owners, shall provide and shall pay for out of the maintenance fund provided for in Article 6 above the following: a. Taxes and assessments and other liens and encumbrances which shall properly be assessed or charged against the Common Areas rather than against the individual Owners, if any. b. Care and preservation of the Common Maintenance Area, including without limitation, the Private Streets and drainage facilities. c. The services of a professional person or management firm to manage the Association or any separate portion thereof to the extent deemed advisable by the Board, (provided that any contract for management of the Association shall be terminable by the Association, with no penalty upon no more than ninety (90) days prior written notice to the managing party) and the services of such other personnel as the Board shall determine to be necessary or proper for the operation of the Association, whether such personnel are employed directly by the Board or by the manager. d. Legal and accounting services. G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -15- JfFI aGOK ,L RECORDS PAGE 3109 0345 SEMINOLE CO. FL e. A policy or policies of insurance insuring the Association against any liability to the public or to the Owners (and/ or invitees or tenants) incident to the operation of the Association in any amount or amounts as determined by the Board of Directors, including a policy or policies of insurance as provided herein in Article 15. f. Workers compensation insurance to the extent necessary to comply with any applicable laws. g. Such fidelity bonds as may be required by the Bylaws or as the Board may determine to be advisable. h. Any other materials, supplies, insurance, furniture, labor, services, maintenance, repairs, structural alterations, taxes or assessments (including taxes or assessments assessed against an individual Owner) which the Board is required to obtain or pay for pursuant to the terms of this Declaration or by law or which in its opinion shall be necessary or proper for the enforcement of this Declaration. Section 5.2. Powers and Duties of Board. The Board, for the benefit of the Owners, shall have the following general powers and duties, in addition to the specific powers and duties provided for herein and in the Bylaws of the Association: a. To execute all declarations of ownership for tax assessment purposes with regard to the Common Areas, if any, on behalf of all Owners. b. To borrow funds to pay costs of operation secured by assignment or pledge of rights against delinquent Owners if the Board sees fit. c. To enter into contracts, maintain one or more bank accounts, and generally to have all the power necessary or incidental to the operation and management of the Association. d. To protect or defend the Common Areas from loss or damage by suit or otherwise and to provide adequate reserves for replacements. e. To make reasonable rules and regulations for the operation of the Common Maintenance Areas and to amend them from time to time; provided that, any rule or regulation may be amended or repealed by an instrument in writing G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -16- :l~ :At Rc:rOROS 'Jt. j ~ .......' . BOOt\ PAGE 3709 0346 SEMINOLE CO. FL signed by a majority of the Owners, or with respect to a rule applicable to less than all of the Common Areas, by the Owners in the portions affected. f. To make available for inspection by Owners after the end of each fiscal year an annual report and to make all books and records of the Association available for inspection by Owners at reasonable times and intervals. g. To adjust the amount, collect and use any insurance proceeds to repair damage or replace lost property, and if proceeds are insufficient to repair damage or replace lost property, to assess the Owners in proportionate amounts to cover the deficiency. h. To enforce the provisions of any rules made hereunder and to enjoin and seek damages from any Owner for violation of such provisions or rules. i. To collect all assessments and enforce all penalties for non-payment including the filing of liens and institution of legal proceedings. Section 5.3. Board Powers Exclusive. The Board shall have the exclusive right to contract for all goods, services and insurance, payment of which is to be made from the maintenance fund and the exclusive right and obligation to perform the functions of the Board except as otherwise provided herein. Section 5.4. Maintenance Contracts. The Board, on behalf of the Association, shall have full power and authority to contract with any Owner or other person or entity for the performance by the Association of services which the Board is not otherwise required to perform pursuant to the terms hereof, such contracts to be upon such terms and conditions and for such consideration as the Board may deem proper, advisable and in the best interest of the Association. ARTICLE 6 ASSESSMENTS Section 6.1. Creation of the Lien and Personal Obligations of Assessments. Declarant covenants, and each Owner of any Lot or Unit shall by acceptance of a deed therefor, regardless of whether it shall be so expressed in any such deed or other conveyance, be deemed to covenant and agree to all the terms and provisions of this G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -17- , JfflCIAL t~EC;ORO~ BOOK PAG... 3109 0341 SEMINOLE CO. FL Declaration and to pay the Association: (1) Annual Assessments, (2) Landscape Maintenance Assessments, (3) Special Assessments and (4) an Initial Working Capital Assessment, all fixed, established and collected from time to time as hereinafter provided. The Annual Assessments, Landscape Maintenance Assessments, Special Assessments and Initial Working Capital Assessment, together with such interest thereon and costs of collection provided herein shall be a charge and continuing lien as provided herein on the real property and improvements of the Owner against whom each such assessment is made. Each such assessment, together with such interest thereon and cost of collection, shall also be the personal obligation of the person who is the Owner of such real property at the time when the assessment first becomes due and payable. In the case of co- ownership of a Unit or Lot, all of such co-owners shall be jointly and severally liable for the entire amount of the assessment. The liability for assessments may not be avoided by waiver of the use or enjoyment of any Common Property or by the abandonment of the property against which the assessment was made. No diminution or abatement of assessment or set-off shall be claimed or allowed by reason of any alleged failure of the Association or Board to take some action or perform some function required to be taken or performed by the Association or Board under this Declaration or the Bylaws, or for inconvenience or discomfort arising from the making of repairs or improvements which are the responsibility of the Association, or from any action taken to comply with any law, ordinance, or with any order or directive of any municipal or other governmental authority. Section 6.2. Purpose of Assessments. The Annual Assessments levied by the Association may be used for the improvement, maintenance, enhancement and operation of the Common Maintenance Area, Surface Water and Storm Water Management Systems, Common Property and public areas located in, on or about the Property to the extent that deterioration of the public areas would adversely affect the appearance of the Property or the operation of systems appurtenant to the Property, and further to provide services which the Association is authorized or required to provide by contract or otherwise, including, but not limited to, the payment of taxes and insurance thereon, construction, repair or replacement of improvements, payment of the costs to acquire labor, equipment, materials, management and supervision necessary to carry out its authorized functions, and for the payment of principal, interest and any other charges connected with loans made to or assumed by the Association for the purpose of enabling the Association to perform its authorized or required functions. The Landscape Maintenance Assessments shall be used to pay for the landscape maintenance obligations of the Association. The G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -18- , \" I (Jt ('uROS ;jfFIC I"'\i.. I' .\.'?~GE oom<. 3109 0348 SEM\~OLt co. FL Initial Working Capital Assessments described in Section 6.8 of this Article 6 shall be placed in escrow as explained in Section 6.8. Section 6.3. Duty of the Board. It shall be the duty of the Board, at least thirty (30) days in advance of each fiscal year of the Association, to establish the annual budget and to fix the amount of the Annual Assessment and Landscape Maintenance Assessment against each Lot or Unit for the coming fiscal year, and to prepare a roster of the Lots and Units and assessments applicable thereto which shall be kept in the office of the Association and shall be open to inspection by the Owner. Failure to fix the amount of the Annual Assessment and Landscape Maintenance Assessment within the time period set forth above will not preclude the Board from fixing the Annual Assessment and Landscape Maintenance Assessment at a later date. In the event the Board fails for any reason to determine the budget for any year, then and until such time as a budget shall have been determined as provided herein, the budget in effect for the immediately preceding year shall continue for the current year, and the Annual Assessment and Landscape Maintenance Assessment for the immediately preceding year shall continue for the current year. Written notice of the Annual Assessment shall be sent to every Owner subject thereto not later than seven (7) days after fixing the date of commencement thereof. Section 6.4. Rate of Assessment. Annual Assessments shall be established by dividing the total expenses of the Association by the total number of Lots or Units subject to assessment to derive a uniform base assessment amount applicable to all Lots. Landscape Maintenance Assessments shall be established by dividing the total Landscape Maintenance Expenses of the Association by the total number of Lots or Units owned by Class A Members to derive a uniform base assessment amount applicable to all Lots owned by Class A Members adjusted as deemed appropriate to the Board on a lot-by-Iot basis to account for material differences in the cost of maintenance of landscaping on individual lots. Landscape Maintenance Assessments shall not apply to Units owned by the Declarant or any Builder until such Units are occupied. Special Assessments for capital improvements or expenses applicable to all Lots within the Properties shall be established in the same manner; however, Special Assessments applicable to a particular Lot for expenses attributable exclusively to such Lot shall be determined by dividing the applicable expense by the number of Lots to which it applies. After such amounts have been determined, the amounts due from the Class "B" and Class "C" Members shall be adjusted according to the following provisions. Declarant will have the following option for each assessment year: G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -19- JfFIC' aOOK 3109 . Rf. C.ORDS PAGE 0349 SEMINOLE CO. FL 6.4.1. During the period in which Declarant has the status of the Class B Member, all Lots and Units owned by Declarant, unless otherwise elected in writing by Declarant, shall be assessed for the purposes of Annual Assessments and Special Assessments at twenty-five percent (25%) of the rate of assessment applicable to units owned by Class A Members, provided however, that in the event that the actual operating expenses of the Association covered by the Annual Assessments during the year for which the Declarant's Annual Assessment rate is 25% of the Class A Membership Annual Assessment exceed the actual income of the Association derived from all Annual Assessments imposed on all Members, Declarant shall reimburse the Association the difference between its actual operating expenses (that would normally be covered by Annual Assessments, but not those covered by Landscape Maintenance Assessments) and its actual Annual Assessment income for such year, save and except any portion of such deficit attributable to delinquent Annual Assessments owed by Class A Members. Payment of such reimbursement shall be made by Declarant within 30 days after receipt of the Association's annual statement of accounts. Notwithstanding the foregoing, the Declarant shall have the right, but not the obligation, to reimburse the Association for deficits attributable to delinquent Annual Assessments owed by Class A Members, and, in that event, the Association shall promptly institute collection proceedings, including legal action if necessary, to recover such unpaid amount(s) from such Owner(s), and, upon receipt of such recovery, the Association shall reimburse Declarant the amount(s) so recovered up to the amount of any operating deficit funded by Declarant which arose from such non-payment. 6.4.2. In the alternative, Declarant may elect by written notice to the Board to pay the full Class A rate of Annual Assessment for each Unit owned by Declarant within the Association and subject to Annual Assessments for any assessment year without thereby waiving its Class B status or its right to elect to pay Annual Assessments pursuant to Subsection 6.4.1 for any ensuing assessment years, and, in such event, shall not be liable for the operating deficit of the Association as provided in Subsection 6.4.1. 6.4.3. At such time as Class B status shall cease, all Lots and Units owned by Declarant shall be assessed for Annual Assessments at the full Class A rate and Declarant shall have no obligation to fund any operating deficit of the Association thereafter. Landscape Maintenance Assessments shall not apply to Units owned by the Declarant or any Builder until such Units are occupied. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -20- f IC1AL REGORDS BOOK PAGE 3709 0350 SEMINOLE. CO. Fl Section 6.5. Builder Assessments. Lots or Units owned by Class C Members shall be assessed for Annual Assessments at twenty-five percent (25%) of the Annual Assessment rate fixed for Class A Units during the period of Class B membership. Upon conversion of Class B membership to Class A, Class C shall also be converted to Class A, and full Annual Assessments shall apply. Landscape Maintenance Assessments shall not apply to Units owned by the Declarant or any Builder until such Units are occupied. Section 6.6. Initial Maximum Annual Assessment: Increases in Maximum Assessment: and Annual Assessment Rates. 6.6.1. Initial Maximum Annual Assessment and Maximum Landscape Maintenance Assessment. Until January 1 of the year immediately following the conveyance of the first Unit by the Declarant or a Builder to a Class A Member, the maximum Annual Assessment per Unit imposed by the Association shall be $632.00, and the maximum Landscape Maintenance Assessment shall be $1,200.00. 6.6.2. Increases in Maximum Annual Assessment and Landscape Maintenance Assessment - Without Consent of the Members. From and after such date, the maximum Annual Assessment and Landscape Maintenance Assessment may be increased each year by the Board without a vote of the Membership of the Association by an amount not more than either (a) ten percent (10%) above the sum of (1) the maximum Annual Assessment or Landscape Maintenance Assessment for the previous year, plus (2) increases mandated by governmental agencies and/ or increased fixed costs incurred for insurance, taxes, recycling, waste disposal, or to obtain services from utility companies, plus (3) increases in the cost of providing the landscape maintenance services herein described, or (b) the percentage increase, if any, in the current U.S. Government's Consumer Price Index (Urban Price Index - All Urban Consumers), herein referred to as the "CPI", over the CPI published for the preceding period, or other statistical index providing similar information if the CPI ceases to be published, whichever amount, (a) or (b), is greater. 6.6.3. Increases in Maximum Annual Assessment and Landscape Maintenance Assessment - Requiring Consent of the Members. The maximum Annual Assessment and Landscape Maintenance Assessment may not be increased above the amount described in Subsection 6.6.2 above without the approval of a simple majority of each class of Members who are either voting in person or by proxy, at a meeting of the Association duly called for this purpose, or whose approval is evidenced by the written consent of the majority of such Members. G:\LegaIIAVS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -21- (l::F/CIAL RECORDS )K PAGE 3709 -035 I SEMINOLE" CO. FL 6.6.4. Establishing the Annual Assessment and Landscape Maintenance Assessment. The Board of Directors of the Association shall set the Annual Assessment and Landscape Maintenance Assessment for each fiscal year at an amount not in excess of the maximum allowable Annual Assessment and Landscape Maintenance Assessment then in effect as established pursuant to Subsections 6.6.1, 6.6.2 or 6.6.3 above. If the Board sets the Annual Assessment or Landscape Maintenance Assessment at an amount which is less than the allowable maximum Annual Assessment or maximum Landscape Maintenance Assessment, the Board shall have the right to increase the Annual Assessment or the Landscape Maintenance Assessment to any amount not greater than the allowable maximum then in effect without the consent of the Members upon thirty (30) days written notice. The election of the Board to set the Annual Assessment or Landscape Maintenance Assessment at an amount less than the maximum shall not affect the calculation of the maximum Annual Assessment or maximum Landscape Maintenance Assessment for ensuing years pursuant to this Section 6.6. Section 6.7. Special Assessments. In addition to the Annual Assessments and Landscape Maintenance Assessments authorized herein, the Association may levy in any fiscal year a Special Assessment applicable to that fiscal year only for the purpose of defraying, in whole or in part, the cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Property, including fixtures and personal property related thereto; provided, such assessment shall have the affirmative vote or written consent, or combination thereof, at least a simple majority of the votes of each class of Members as evidenced by the result of a vote taken by the Association. The obligation to pay Special Assessments shall be computed on the same basis as for Annual Assessments. Special Assessments shall be payable in such manner and at such times as determined by the Board, and may be payable in installments extending beyond the fiscal year in which the Special Assessment is approved, if the Board so determines. The Association (by simple majority vote of the Board) may also levy a Special Assessment against any Member to reimburse the Association for costs incurred pursuant to Article 4, Section 4.3.13 and 4.3.15, in bringing a Member and his Unit or Lot into compliance with the provisions of the Declaration, any amendments thereto, the Articles, the Bylaws, and the Association rules and regulations, or for the recovery of expenses incurred pursuant to Section 6.14 of this Article 6, which Special Assessment may be levied upon the vote of the Board after notice to the Member and an opportunity for a hearing. Section 6.8. Initial Working Capital Assessment. There is hereby established an assessment, herein referred to as the "Initial Working Capital Assessment", applicable to G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -22- OFfk..~~ REC:OHOS aD OK PAGE 3109 0352 SEMINOLE CO. FL each Lot or Unit owned by a Class A Member (except the Declarant if the Declarant shall become a Class A Member) in the amount of $350.00 per Lot or Unit which shall become due and payable by the Class A Owner of each Lot or Unit upon first occupancy of such Lot or Unit as a place of residence by a Class A Member. For purposes of clarity, the Initial Working Capital Assessment is a one-time assessment due at the closing at which the Lot is conveyed to a Class A Member for the purpose of construction of a residential dwelling by the Class A Member or any Builder, or at which the completed Unit is conveyed to a Class A Member for use as a residence, whether occupied or not. No further Initial Working Capital Assessment shall be due for any subsequent transfer of ownership of any Unit from one Class A Member to a successor Class A Member. As long as the Declarant retains its Class B membership status, all Initial Working Capital Assessments collected for closings occurring during Declarant's Class B membership status shall be deposited in a separate escrow account (herein referred to as the "Initial Working Capital Escrow Account") and shall remain in such account, and shall not be used by the Association until the Declarant's Class B membership is converted to Class A. After Class B membership has ceased, the Association shall have the right to use the funds in the Initial Working Capital Escrow Account in any manner consistent with the provisions of this Declaration, its Articles of Incorporation and Bylaws, and shall have the right to close the Initial Working Capital Escrow Account and deposit all future Initial Working Capital Assessments in its general operating accounts. Section 6.9. Notice and Quorum Requirements. Written notice of any proposed action to be taken pursuant to Subsection 6.6.3 or Section 6.7 shall be delivered to each Member at least 30 days in advance of (1) any meeting at which such matter is to be discussed or (2) any action which is to be taken by written approval of the Members in lieu of a meeting. The notice shall state the purpose of the meeting or proposed written approval and shall contain a written description of the of the proposed assessment. The notice shall also contain a copy of a proxy that can be cast in lieu of attendance at the meeting. If the Association has, or is planned to have, 250 Members or less - the quorum for any such meeting shall be no less than 20% of the total number of votes. If the Association has, or is planned to have, more than 250 Members but less than 1000 Members - the quorum for any such meeting shall be no less than 10% of the total number of votes. If the Association has, or is planned to have, more than 1000 Members - the quorum for any such meeting shall be no less than 5% of the total number of votes. The foregoing requirements are minimum requirements, however, more stringent requirements imposed elsewhere in this Declaration, or pursuant to applicable laws or regulations shall supersede the requirements contained in this Section and the Association shall be bound by such more restrictive requirements as if fully reproduced herein. G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -23- . DFFICIAL RECORDS aOOK PAGE 3709 0353 SEHINOLE co. FL Section 6.10. Date of Commencement of Annual Assessments; Due Dates. Tl:;1e Annual Assessments and Landscape Maintenance Assessments provided for herein shall commence as to each Lot or Unit on the first day of the month next following the month in which the Lot or Unit is subjected to the terms and conditions of this Declaration by recordation of this Declaration or any Supplemental Declaration annexing Lots or Units into the Association, or on the date the Association Articles of Incorporation are filed with the Secretary of State of Florida, whichever occurs later. The dates when such Annual Assessments shall become due shall be established by duly adopted resolution of the Board. The Annual Assessment and Landscape Maintenance Assessments shall be adjusted according to the number of days remaining in the fiscal year at the time assessments commence on the Unit The Association may delegate to a mortgage company, financial institution or management company responsibility for collection of assessments with the express written consent and agreement of such financial institution or management company. The Annual Assessments and Landscape Maintenance Assessments shall be payable in advance in monthly installments, or in annual, semi-annual or quarter-annual installments if so determined by the Board of Directors of the Association (absent which determination they shall be payable monthly). Section 6.11. Records of Payment. The Board shall prepare a roster of Owners and Annual Assessments, Landscape Maintenance Assessments and Special Assessments applicable thereto which shall be kept in the office of the Association and shall be open to inspection by any Owner at reasonable times with reasonable notice. Any Owner shall have the right to request the Association to issue a written statement signed by an officer of the Association, setting forth whether all Annual Assessments and/ or Landscape Maintenance Assessments Special Assessments owed by such Owner have been paid. The Association shall have the right to impose a fee for the issuance of such statements not to exceed $50.00 per statement. Requests for such statements shall be in writing addressed to the address to which Annual Assessment payments are made. Each request shall contain the street address and legal description (by platted lot and block) of the property and the full name of the Owner. The Association shall issue the requested statement within 30 days after receipt of the written request, subject to the payment of any fee for such service imposed by the Association. Such written statement issued by the Association shall be prima facie evidence of payment of any assessment therein stated to have been paid. Section 6.12. Effect of Non-Payment of Assessment: The Personal Obligation of the Owner; The Lien: Remedies of Association. G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -24- OFF .A'.... RECORDS aOOK PAGE 31 0 9 0 3 st. SEMINOLE CO. FL 6.12.1. If any assessment (e.g. any Annual Assessment, Landscape Maintenance Assessment, Special Assessment or Initial Working Capital Assessment) is not paid on the date due, then such assessment shall become delinquent and the entire assessment shall, together with interest thereon and cost of collection thereof as hereinafter provided, become due and payable and be a continuing lien on the property which shall bind such property in the hands of the then Owner, the Owner's heirs, devisees, personal representatives and assigns. The obligation of the Owner to pay such assessment is a personal obligation and any assessments that are due but remain unpaid at the time the Owner disposes of his or her ownership interest shall be enforceable by the Association against such person or against such person's successor in interest to the property subject to the assessment unless such successor in interest is a bona fide purchaser for value without notice of the assessment, or acquires title to the property by foreclosure of a lien securing a purchase money mortgage or home equity mortgage, or by deed or conveyance in lieu of foreclosure of such lien. 6.12.2. The Association may record a notice of lien for delinquent assessments in the public records and foreclose the lien in the same manner as a mortgage. The lien shall not be valid against subsequent bona fide purchasers or mortgagees for value unless so recorded. Upon recording, the lien shall secure the amount of delinquency stated therein and all unpaid assessments due thereafter until satisfied of record, together with interest thereon, as provided herein, and the reasonable cost of (a) notices of delinquency, (b) demands for payment, (c) notices of liens, (d) assignment of liens, (e) releases of liens, (f) recording costs, (g) attorney's fees, and (h) management company fees. 6.12.3. If the assessment is not paid within thirty (30) days after the due date it shall be deemed delinquent and shall bear interest from the date of delinquency at the rate of eighteen percent (18 %) per annum. The Association may bring an action at law against the Owner personally obligated to pay the same for collection of the amounts due, or an action to foreclose the lien against the property. Suit to recover a money judgment for delinquent amounts owed to the Association and attorney's fees and costs shall be maintainable without foreclosing or waiving the lien securing the same. In the event that the Association turns the account over to an attorney for collection, there shall be added to the amount due the reasonable fees and charges of such attorney, including, but not limited to, charges for issuing notice of legal action or demands for payment, negotiation and preparation of settlement agreements and/ or releases, costs of preparation of legal action, court costs, filing fees and all other expenses incurred by the Association for enforcement of its lien and/ or collection of amounts owed. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -25- QFFIC\t~:'" RECORD~ BOOK PAG~ 3109 0355 SEMINOLE CO. FL 6.12.4. In the event that the Association elects to foreclose its lien against any Unit, the Association, acting on behalf of the Owners, shall have the power to bid for the Unit at foreclosure sale and to acquire and hold, lease, mortgage, and convey the same. During the period in which a Unit is owned by the Association following foreclosure: (a) no rightto vote shall be exercised on its behalf; (b) no assessment shall be assessed or levied on it; and (c) each other Unit shall be charged, in addition to its usual assessment, its pro rata share of the assessment that would have been charged such Unit had it not been acquired by the Association as a result of foreclosure. Section 6.13. Subordination of the Lien to Mortgages; Mortgagees' Rights. The lien of the assessments provided for herein is subordinate to the lien of any purchase money or home equity Mortgage given to an Institutional Lender now or hereafter placed upon a Unit or Lot recorded prior to the recording of a notice of lien pursuant to Section 6.12 of this Article 6; provided, however, that such subordination shall apply only to the assessments which have become due and payable prior to a sale or transfer of such property pursuant to a decree of foreclosure, or any other proceeding in lieu of foreclosure. Such sale or transfer shall not relieve such property from liability for any assessments thereafter becoming due, nor from the lien of any such subsequent assessment. Each Owner hereby authorizes and instructs the Association that an Institutional Lender holding a secured mortgage lien on a Unit, upon delivery of written request from the Institutional Lender to the Association, shall be entitled to written notification from the Association of any default of an Owner of any obligation hereunder which is not cured within sixty (60) days. The Association may provide such notice without receiving a request from the Institutional Lender without further notice to the Unit Owner. An Institutional Lender holding a mortgage on a Unit may pay any past due assessment or other obligation of the Unit Owner to the Association on behalf of such Owner, and, upon request from the Institutional Lender, the Association shall assign its lien rights herein established to such Institutional Lender. An Institutional Lender may pay taxes or other charges which are in default and which mayor have become a charge against any Common Property and may pay overdue premiums on hazard insurance policies, or secure new hazard insurance coverage on the lapse of a policy for such Common Property and Institutional Lenders making such payments shall be owed immediate reimbursement therefor from the Association. Section 6.14. Damage to Common Property by Owners. Any maintenance, repairs or replacements within the Common Property arising out of or caused by the willful or G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -26- or :IA!... RECORDS aour; PAGE 3709 0356 SEMINOLE co. FL negligent act of the Owner, his family, guests or invitees shall be done at said Owner1s expense or a Special Assessment therefore shall be made against his Lot or Unit. Section 6.15. Exempt Property. The following property subject to this Declaration shall be exempted from all assessments, charges and liens created herein: (a) all - easements, rights-of-way or other interest dedicated and accepted by the local public authority and devoted to public use; and (b) all Common Property. Section 6.16. Irrigation System Fees. Neither the Declarant nor the Association shall have any obligation to install a common master irrigation system to serve the Property, and nothing in this Section 6.16 or elsewhere in this Declaration shall create an obligation for the Declarant or the Association to install such a common master irrigation sytem, however, the Declarant and the Association desire to reserve the right to install such a master irrigation system, and to collect fees for the use of such a system by the Members. Therefore, in the event that either the Declarant or the Association installs the Irrigation System described in Article 7, Section 7.11 hereof, the Association shall have the right to charge a fee for Irrigation Water (hereinafter defined) used by the Owners, which fee shall be in addition to , and separate from the Annual and Special Assessments described in this Article 6. Such fee shall be established by the Board of Directors of the Association, and shall be sufficient to cover the cost to the Association of acquiring the Irrigation Water, plus the cost of operation and maintenance of the Irrigation System, plus a reasonable reserve for repair or replacement of the transmission lines, pipes, valves, pumps, controls, meters and other distribution and delivery apparatus, equipment or fixtures that supply Irrigation Water to the Property, plus a minimum monthly reservation or access fee applicable to those Owners who elect not to utilize the Irrigation System. The Board shall have the right to set or adjust the Irrigation System Fees on a month-to-month basis provided that no adjustment in the fee shall be effective until 30 days after written notice thereof has been delivered to Owners of Lots or Units. The Association shall have the right to enter into agreements with the other persons or entities owning adjacent lands to supply Irrigation Water to the adjacent lands owned by such persons or entities, in which case, payment of the Irrigation System Fees shall be made by such users in amounts not less than the Irrigation System Fees charged by the Association to its Members. Irrigation System Fees may be assessed at a flat rate without consideration of usage or they may be allocated among the Owners in proportion to their actual usage, and the Association shall have the right to employ methods of determining the allocation of such fees in a fair and equitable manner, including, without limitation, installation of meters, timers, or other control devices, or allocation on the basis of area coverage. The Association shall bear its own share of the Irrigation System Fees attributable to its usage G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -27- UFflCIA . BOOK 'C"OCOe. ."\I._~' 1\ ..., PAGE 3109 0351 SEMiNOLE. CO. FL for irrigation of Common Properties or Common Maintenance Areas, and shall pay its fair share of such fees from its operating funds. Irrigation System Fees may be averaged throughout the calendar year to ameliorate changes in the fee attributable to weather patterns or landscape needs. The Association shall send statements to the Owners or users responsible for payment of the Irrigation System Fees at such intervals as may be established by the Board, provided that statements shall not be sent more often than monthly, or less often than annually. Payment shall be due within 30 days after receipt of such statements. The Association shall have the right to impose late payment fees and interest charges on payments that are more than 30 days past due, which fees and charges shall be established by the Board and disclosed to the Owners and users responsible for payment. All amounts due hereunder shall be secured by the right of the Association to impose a lien against the property of an Owner whose payment is delinquent as set forth in this Article 6. ARTICLE 7 TITLE TO COMMON AREAS: ACCEPTANCE AND MAINTENANCE OF COMMON PROPERTIES Section 7.1. Construction and Ownership of Common Property Improvements. It is anticipated that Declarant will designate certain portions of the Property to be Common Property or Common Area (collectively referred to in this Article 7 as the "Common Properties") that will be improved or developed in phases in association with the development and annexation of the additional property. Subject to the requirements of the City of Winter Springs, as more fully described in Article 17, Declarant shall have the absolute right and power to determine what improvements or facilities, if any, it will install or construct on the Common Properties at all times prior to conveying such Common Properties to the Association, and within two (2) years thereafter. In accordance with its agreement with the City of Winter Springs, Declarant will construct the improvements to the park area described on page 6 of 30 of the approved engineering plans at the time it obtains its one-hundredth building permit for homes constructed within the Properties, provided however, that the Declarant shall have the right, without the consent or joinder of the Association or any Owner, to modify or amend its agreement with the City of Winter Springs concerning the timing of construction of the park and the improvements to be installed as more fully described in Article 17. All lands designated by the Declarant as Common Properties shall be conveyed to, and title shall be held by, the Association, together with all improvements or facilities constructed or installed thereon. Apart from the park, other Common Property improvements may be subject to agreements G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -28- OffiCIAL R BOOK ROS ) - PAGt. 3109 0358 (_. . . SEH\HOLE. co. Fl between the Declarant and the City of Winter Springs, however; Declarant reserves the right to amend or modify such agreements, subject to the consent of the City, and such amendments or modifications may impact the obligation of the Declarant concerning Common Property improvements. Further provisions affecting the obligations of the Declarant are found in Article 17, Section 17.2. Except as required in compliance with its agreements with the City of Winter Springs, which agreements may be amended from time to time by mutual agreement of the City of Winter Springs and Declarant without the consent or joinder of the Association or any Owner, Declarant does not represent that it will construct any improvements to Common Properties. Section 7.2. Acceptance of Common Properties. Within thirty (30) days after receipt of written notice from the Declarant informing the Association that Declarant has completed construction or installation of improvements upon any portion of Common Properties, the President of the Association, or in the absence of the President, any Vice President of the Association, together with a duly authorized representative of the Declarant, shall conduct a thorough inspection of the improvements or facilities, and shall report in writing any incomplete or defective conditions. The Association shall have the right to engage the service of a professional engineer, or other qualified inspector, to assist with the inspection and preparation of the written report. Upon completion or correction of any incomplete or defective conditions by Declarant, and re-inspection and approval by the President (or Vice President, as the case may be), or, in the event that the Declarant and the representative of the Association disagree about the completion or correction of allegedly incomplete or defective conditions, upon written certification of completion by a licensed engineer or architect engaged by the Declarant, Declarant shall convey all of its right, title and interest in and to the Common Properties in question, including the improvements or facilities, to the Association free and clear of all liens, claims or expenses arising from the construction or installation of improvements on the Common Properties by Declarant, and the Association shall accept and acknowledge the deed of conveyance, and/ or the certificate of completion, and shall thereafter own all right, title and interest in the Common Properties and improvements or facilities then conveyed. Section 7.3. Maintenance of the Common Properties. The Association shall own, operate and maintain all Common Properties and the improvements or facilities constructed or installed thereon in first class condition, subject to normal wear and tear, depreciation, and the elements. Maintenance of the Common Properties shall include periodic inspection and preventive maintenance for the improvements and facilities thereon. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -29- UFF BOOK t'\l RECORDS PAGE 3109 '0359 SEMiNOLE CO. FL Section 7.4. Inspections of the Common Properties by Declarant. Declarant hereby reserves the right, at all times after conveyance of the Common Properties to the Association, to enter the Common Properties, without prior notice, and to inspect the condition of the improvements and facilities thereon. If Declarant determines, in its sole judgement, that the improvements or facilities are in need of repair or maintenance, it may so notify the Association in writing, and it shall be the sole obligation of the Association owning such Common Properties to promptly complete such repairs or maintenance. Failure of the Association to properly maintain and repair the Common Properties shall relieve the Declarant of any liability to the Association or to any Member for any condition of the Common Properties. Declarant shall have the right to make a record of its inspections by photographing and/ or videotaping the Common Properties, and shall have the right to perform tests or examinations to determine the condition of the Common Properties, provided that Declarant shall indemnify the Association from any claims for personal injury, death, property damage or non-payment asserted by persons claiming by, through or under the Declarant for injury, death or damage occurring as a result of such examinations or tests. Notwithstanding the foregoing, Declarant shall have no obligation to perform inspections of the Common Properties owned by the Association. The deeds conveying the Common Properties to the Association may contain a recitation of this reservation, however failure to recite such reservation in such deeds shall not affect the rights of Declarant herein reserved. Section 7.5. Maintenance and Repair Records. The Association shall keep records of maintenance and repairs performed on the Common Properties, and such records shall be made available to the Declarant and to any Member upon written request. Failure of the Association to maintain appropriate records of maintenance and repairs shall be conclusive evidence that such maintenance and repairs were not performed. Section 7.6. Operation. Maintenance and Monitoring of Drainage Facilities. The Association shall maintain, as part of the common elements, drainage structures for the properties and comply with conditions of the permits from the St. Johns River Water Management District ("SJRWMD") and the City of Winter Springs for the drainage system. The Association, shall, when requested by Declarant, accept transfer of the SJRWMD permit identified as Number 4-117-0482A-ERP for the Parkstone property and shall be designated as the "permittee" thereof. The conditions of the permits include monitoring and record keeping schedules, and maintenance. The drainage facilities and improvements, including without limitation, the retention/ detention ponds, underground pipes, inlets and outfall structures, if any, shall be collectively referred to herein as the G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig revwpd revised 080499 6 p.m. -30- JfFICIA~_ RECORDS BOOK PAGE: 3709 0360 SEMINOLE CO. fl "Surface Water and Storm Water Management System". The following additional conditions shall apply: a. The Association shall hold and save the SJRWMD and the City of Winter Springs harmless from any and all damages, claims, or liabilities which may arise by reason of the operation, maintenance or use of any facility authorized by the permit. b. The Association shall at all times properly operate and maintain the systems of treatment and control ( and related appurtenances) that are installed or used to achieve compliance with conditions of the permit, as required by the SJRWMD or the City of Winter Springs. This provision includes the operation of backup or auxiliary facilities or similar systems when necessary to achieve compliance with the conditions of the permit and when required by SJRWMD or the City of Winter Springs rules. c. The Association, specifically agrees to allow authorized SJRWMD or the City of Winter Springs personnel, upon presentation of credentials or other documents as may be required by law, access to the Common Maintenance Area premises, at all reasonable times, where the permitted activity is located or conducted; for the purposes of inspection and testing to determine compliance with the permit and SJRWMD or the City of Winter Springs regulations, such as: 1. Having access to and copying any records that must be kept under the conditions of the permit; and 2. Inspecting the facility, equipment, practices, or operations regulated or required under the permit; and 3. Sampling or monitoring any substances or parameters at any location reasonably necessary to assure compliance with the permit or SJRWMD rules; and 4. Gathering of data and information. Reasonable time may depend on the nature of the concern being investigated. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -31- :JFF\C\A~- t,._~:OR~~ BOOI', PA t 3109 036\ SEM\t\OLt. co. f~ d. Establishment and survival of littoral areas provided for storll1 "Yater quality trea tment in wet detention systems shall .beassured by proper and continuing maintenance procedures designed to promote viable wetlands plant growth of natural diversity and character. Following as-built approval, perpetual maintenance shall be provided for the permitted system. e. The Association shall submit inspection reports in the form required by SJRMWD or the City of Winter Springs, in accordance with the following schedule unless specified otherwise here or in permit application: 1. For systems utilizing effluent filtration or exfiltration, the inspection shall be performed eighteen (18) months after operation is authorized and every eighteen (18) months thereafter. 2. For systems utilizing retention and wet detention, the inspections shall be performed two (2) years after operation is authorized and every two (2) years thereafter. f. It shall be the responsibility of each Lot Owner within the subdivision at the time of construction of a building, residence, or structure, to comply with the construction plans for the surface water management system pursuant to Chapter 40D-4, F.A.C., approved and on file with the SJRWMD and the City of Winter Springs. g. It is the Lot Owner's responsibility not the remove native vegetation (including cattails) that become established within the wet detention ponds abutting their property. Removal includes dredging, the application of herbicide, and cutting. Lot Owners should address any question regarding authorized activities within any wet detention pond to SJRWMD, Surface Water Permitting Department or the City of Winter Springs. h. No Owner of a Lot within the subdivision may construct or maintain any building, residence, or structure, or undertake or perform any activity in the wetlands, buffer areas, and upland conservation areas described in the approved permit and recorded Plat of the subdivision, unless prior approval is received from the SJRWMD or the City of Winter Springs pursuant to Chapter 40D-4, F.A.C. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig revwpd revised 080499 6 p.m. -32- UF, .vIAL RECORDS 8001'\ PAGE :3709 0362 ,SEMINOLE CO. FL Section 7.7. Effect of Dissolution. In the event of the termination, dissolution or final liquidation of the Association, the responsibility for the operation and maintenance of the Surface Water and Storm Water Management System must be transferred to and accepted by an entity which would comply with Section 40C-42.027, Florida Administrative Code, and be approved by the SJRWMD or the City of Winter Springs prior to such termination, dissolution or liquidation. Section 7.8. Special Amendments Relating to Surface Water and Storm Water Management System. Any amendment to this Declaration which alters the Surface Water and Storm Water Management System, beyond maintenance in its original condition, including the water management portions of the Common Properties, must have the prior written approval of the SJRWMD and the City of Winter Springs. This section may not be amended without the consent of such District. Section 7.9. Shared Facilities. It is expected that certain portions of the Surface Water and Storm Water Management System will serve the drainage needs of adjacent lands not owned by Declarant and not within the Properties subject to this Declaration. Declarant reserves the right to grant such drainage and/ or use easements and rights as Declarant may deem necessary or appropriate for accomplishing the drainage needs of the Properties and/ or lands owned by others provided that such agreements shall not unreasonably interfere with the use of the system by the Owners or unreasonably increase the cost of maintenance of the system by the Association, and provided further, that such uses are approved by the SJRWMD and/ or the City of Winter Springs if such approvals are necessary. Section 7.10. Water Levels in Retention Ponds: Flooding. The Surface Water and Storm Water Management System is designed to provide drainage for the Properties. Neither the Association nor the Declarant shall have any liability whatsoever to any Owner for claims or damages alleged by an Owner due to water levels in the lakes and/ or retention ponds, if any, being below normal or otherwise unacceptable to the Owner. Recreational use and aesthetic appearance of the retention ponds is secondary to their intended drainage function, and during periods of prolonged drought or other unusual weather events water levels in the retention ponds may recede, and neither the Association nor the Declarant shall have any liability for such conditions. Provided that the Surface Water and Storm Water Management System is constructed in substantial compliance with the plans and specifications therefor approved by the appropriate governmental authorities, neither the Declarant, nor the Association nor any governmental authority shall be liable to the Association or any Owner for damage caused by flooding, and each G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -33- OfFICIAL; BOOK ~.OROS PAGE 3109 0363 SEMINOLE CO. Fl Owner acknowledges and agrees that as long as the Declarant and the Ass,ociation have acted in good faith in reliance on reasonable engineering criteria approved by the governmental authorities in the design and construction of the Surface Water and Storm Water Management System, they shall not be liable for damages sustained by any Owner caused by weather events not taken into consideration in the design or construction of such system and facilities. Section 7.11. Common Irrigation System. Neither the Declarant nor the Association shall have any obligation to install a common master irrigation system to serve the Property, and nothing in this Section 7.11 or elsewhere in this Declaration shall create an obligation for the Declarant or the Association to install such a common master irrigation sytem, however, the Declarant and the Association desire to reserve the right to install such a master irrigation system, and to collect fees for the use of such a system by the Members. Therefore, the Declarant or the Association shall have the right, but not the obligation, to construct, install, operate and maintain a master irrigation system (herein referred to as the "Irrigation System") for the delivery of Irrigation Water to the Property, together with the right to modify, extend or improve the transmission lines, pipes, valves, pumps, controls, meters and other distribution and delivery apparatus, equipment or fixtures that supply Irrigation Water to the Property. If installed by Declarant, the Irrigation System shall be subject to the provisions of this Article 7 regarding conveyance of Common Property to the Association including the provisions concerning operation, maintenance, repair and inspection. 7.11.1. The Irrigation System, if installed, shall include all transmission lines, pipes, valves, pumps, controls, meters and other distribution and delivery apparatus, equipment or fixtures that supply Irrigation Water located on the Common Property or within an easement or right-of-way from the point of connection of the Irrigation System with the source of supply through the points of delivery of Irrigation Water to its users. 7.11.2. If the Irrigation System is installed, the Owners shall be exclusively responsible for installing and maintaining any irrigation systems on their Lots from the point of attachment to the Irrigation System. If meters are installed, the point of attachment to the Irrigation System shall be on the Owner's side of the meter. If meters are not installed, the point of attachment to the Irrigation System shall be on the Owner's side of a shut-off valve attaching the Owner's irrigation system to the Irrigation System. The Association shall be responsible for leaks or malfunctions occurring within the Irrigation G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig revwpd revised 080499 6 p.m. -34- Rr- r )<:' Uff \,CIAL c-v G~ 800K ?A ... 3109 036l~ SEMINOLE:. CO. FL System, and each Owner shall be responsible for leaks or malfunctions- occurring on the Owner's side of the point of attachment to the Irrigation System. 7.11.3. If the Irrigation System is installed, the Declarant or the Association shall have the right to determine the locations and services to be supplied by the Irrigation System, and all Owners of Lots that are supplied with a point of attachment to the Irrigation System shall be obligated to pay the Irrigation Fees established by the Board in accordance with Article 6, whether such Owner elects to use Irrigation Water or not Owners who elect not to use Irrigation Water shall be obligated to pay the reservation or access fee, maintenance, operation and reserve cost portions of the Irrigation System Fees. 7.11.4. If the Irrigation System is installed, neither the Association, nor any Owner shall install or operate any irrigation system, apparatus or device that does not receive Irrigation Water from the Irrigation System. If the Irrigation System is installed, water may not be drawn from any lake or retention pond for irrigation purposes unless approved by the ACC, and approved by the City of Winter Springs and any other Governmental Authority having jurisdiction of such matters as evidenced by the issuance of a permit or other form of written authorization. Even if the City or other Governmental Authority issues its approval of such use, the ACC may refuse to allow an Owner to install or use pumps, lines or irrigation systems that draw water from lakes or other bodies of water. If the Irrigation System is installed, no water wells shall be permitted on any Lot, Unit or Common Property, except those wells belonging to the governmental authorities, if any, and wells installed by the Declarant or its predecessors in title, or by the Association, which are for the purpose of providing a source of Irrigation Water for the Irrigation System. If the Association provides irrigation services through an Irrigation System, no Owner may connect any irrigation system on the Owner's property to any source except the Irrigation System unless approved by the ACe. 7.11.5. If the Irrigation System is installed, the Association shall have the right to establish rules and regulations governing the usage of Irrigation Water, including without limitation, restrictions on the amounts, times and frequency of use. 7.11.6. If the Irrigation System is installed, the Association shall have the right to employ such personnel, machinery, equipment and vehicles as the Board of Directors shall deem appropriate for the operation and maintenance of the Irrigation System, and/or to enter into agreements with contractors for the provision of such serVIces. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -35- JfF ICIA~_ BOOK .C:OROS PAGE 3109 0365 SEHIHOLt co. Fl 7.11.7. If the Irrigation System is installed, the Association shall have the right to enter into or assume the obligation of Declarant under any agreements authorized by approval of the Board of Directors with suppliers of Irrigation Water. Water introduced into the Irrigation System shall be referred to as II Irrigation Waterll, and may be obtained from wells existing on the Property or installed by Declarant or the Association or from sources such as so-called lire-use water II or "gray waterll suppliers, and is intended strictly for irrigation use, and not for human consumption, drinking or bathing. Section 7.12. Condemnation. In the event of condemnation or a sale in lieu thereof of all or any portion of the Common Areas, the funds payable with respect thereto shall be payable to the Association and shall be used by the Association to purchase additional Common Areas to replace that which has been condemned or to take whatever steps it deems reasonably necessary to repair or correct any damage suffered as a result of the condemnation. In the event that the Board of Directors of the Association determines that the funds cannot be used in such a manner due to the lack of available land for additional Common Areas or for whatever reason, any remaining funds may be distributed to the Owners on a pro rata basis. ARTICLE 8 ARCHITECTURAL REVIEW Section 8.1. Architectural Control Committee. A committee to be known as the Architectural Control Committee (the IIACCII) shall be established consisting of three (3) persons who need not be members of the Association. a. The committee members of the ACC shall be appointed, terminated and/ or replaced by the Declarant so long as there is Class B membership. Thereafter the committee members of the ACC shall be appointed, terminated and/ or replaced by the Board of Directors. The persons appointed to the ACC are Greg LePera Mike Kane Dan Kaiser b. The purpose of the ACC is to enforce the architectural standards of the community and to approve or disapprove plans for improvements proposed for the Lots. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -36- LlfFI(" ~ ~ REC:ORDS aOOK PAGE 3109 0366 SEMINOLE CO. FL c. The ACC shall act by simple majority vote, and shall have the authority to delegate its duties or to retain the services of a professional engineer, architect, designer, inspector or other person to assist in the performance of its duties. Section 8.2. Scope of Review. No building, fence, wall, outbuilding, landscaping, pool, athletic facility or other structure or improvement shall be erected, altered, added onto or repaired upon any portion of the Property without the prior written consent of the ACC, provided however, that improvements erected, altered, added onto or repaired by Declarant shall be exempt from the provisions of this Article 8. Section 8.3. Submission of Plans. Prior to the initiation of construction upon any Lot, the Owner thereof shall first submit to the ACC a complete set of plans and specifications for the proposed improvements, including site plans, grading plans, landscape plans, floor plans depicting room sizes and layouts, exterior elevations, specifications of materials and exterior colors, and any other information deemed necessary by the ACC for the performance of its function. In addition, the Owner shall submit the identity of the individual or company intended to perform the work and projected commencement and completion dates. Section 8.4. Plan Review. Upon receipt by the ACC of all of the information required by this Article 8, it shall have twenty-one (21) days in which to review said plans. The proposed improvements will be approved if, in the sole opinion of the ACC: (1) the improvements will be of an architectural style and material that are compatible with the other structures in the Property; (2) the improvements will not violate any restrictive covenant or encroach upon any easement or cross platted building set back lines; (3) the improvements will not result in the reduction in property value, use or enjoyment of any of the Property; (4) the individual or company intended to perform the work is acceptable to the ACC in the exercise of its reasonable discretion, provided however, that the right of the ACC to consent to the individual or company selected to perform the work shall not be used to require any Owner to retain the Declarant or its employees, agents, contractors or affiliated companies or any Builder, nor shall such consent be deemed approval or endorsement of the quality of work or performance of the company or individual performing such work; and (5) the improvements will be substantially completed, including all cleanup, within three (3) months of the date of commencement [6 months for the construction of a complete house]. In the event that the ACC fails to issue its written approval within twenty-one (21) days of its receipt of the last of the materials or documents required to complete the Owner's submission, the ACe's approval shall be deemed to have been granted without further action. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -37- lJfF,CIA~. BOOK 3109 ,... ROC .....0 .'" PAGE 0361 <;.EMIHOLf. co. Fl Section 8.5. Non-conforming Structures. If mere slla11 be a material deviation from the approved plans in the completed improvements, such improvements shall be in violation of this Article 8 to the same extent as if erected without prior approval of the ACe. The ACC, the Association or any Owner may maintain an action at law or in equity for the removal or correction of the non-conforming structure and, if successful, shall recover from the Owner in violation all costs, expenses and fees incurred in the prosecution thereof. The ACC shall have the right to grant a waiver or variance excusing the Owner of minor immaterial deviations from approved plans upon written request from the Owner accompanied by a complete set of plans or drawings depicting the deviation in sufficient detail to enable the ACC to determine its materiality. The ACC shall have 90 days after receipt of such a request for waiver or variance in which to inspect the structure or improvement and render its opinion. If the ACC refuses to grant the requested waiver or variance in writing within the 90-day period it will be deemed rejected. An Owner whose request for a variance or waiver has been rejected, or deemed rejected, by the ACC shall have 30 days after receipt of notice of rejection from the ACC (expiration of the 90- day review period without approval, whichever shall apply) in which to either (1) correct the violation, or (2) petition the Board of Directors in writing for reconsideration. Any such petition for reconsideration shall be accompanied by complete copies of all approved plans and plans or drawings of the deviation as submitted to the ACe. The Board of Directors shall have 90 days after receipt of such a petition for reconsideration in which to overrule or affirm the decision of the ACe. If the Board of Directors refuses to overrule the ACC or fails to issue a written resolution overruling the ACC within the 90-day period, the Owner's petition shall be deemed rejected, and the Owner shall correct the violation within 30 days thereafter. Notwithstanding the foregoing, neither the ACC nor the Board of Directors has the right, power or authority to approve conditions that violate the ordinances, codes or regulations of the City of Winter Springs or other Governmental Authority. Section 8.6. Immunity of ACC Members. No individual committee member of the ACC shall have any personal liability to any Owner or any other person for the acts or omissions of the ACC if such acts or omissions were committed in good faith and without malice. The Association shall defend any action brought against the ACC or any committee member thereof arising from acts or omissions of the ACC committed in good faith and without malice. Section 8.7. Address for Notice. Requests for ACC approval or correspondence with the ACC shall be addressed to the Parkstone Architectural Control Committee and mailed or delivered to the principal office of Centex Homes at 385 Douglas Avenue, Suite 2000, Altamonte Springs, Florida, 32714, or such other address as may be designated from time to time by the ACe. No correspondence or request for approval shall be deemed to have been received until actually received by the ACC in form satisfactory to the ACe. G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -38- OF F Il BOOK 3709 · REi:OROc .- . _\. . ...., PAGE 0368 SEMINOLE CO. FL ARTICLE 9 EASEMENTS Section 9.1. Utility Easements. As long as Class B membership shall be in effect, the Declarant hereby reserves the right to grant perpetual, nonexclusive easements for the benefit of Declarant or its designees, upon, across, over, through and under any portion of the Common Area for ingress, egress, installation, replacement, repair, maintenance, use and operation of all utility and service lines and service systems, public and private, including, without limitation, cable television. Declarant, for itself and its designees, reserves the right to retain title to any and all pipes, lines, cables or other improvements installed on or in such easements. Upon cessation of Class B membership, the Association shall have the right to grant the easements described herein. Section 9.2. Declarant's Easement to Correct Drainage. Declarant hereby reserves for the benefit of Declarant and any Builder a blanket easement on, over and under the ground within the Property to maintain and correct drainage of surface waters and other erosion controls in order to maintain reasonable standards of health, safety and appearance and shall be entitled to remove trees or vegetation, without liability for replacement or damages, as may be necessary to provide adequate drainage for any Lot Notwithstanding the foregoing, nothing herein shall be interpreted to impose any duty upon Declarant or any Builder to correct or maintain any drainage improvements within the Property. Correction of drainage or erosion or removal of trees or vegetation by Declarant shall be subject to compliance with the permitting and approval requirements of the City of Winter Springs, if any. Section 9.3. THIS SECTION HAS BEEN INTENTIONALLY OMITTED. Section 9.4. Right of Entry. The Association shall have the right, but not the obligation, to enter any Unit for emergency, security, and safety, which right may be exercised by the Neighborhood Board, officers, agents, employees, managers, and all policemen, firemen, ambulance personnel, and similar emergency personnel in the performance of their respective duties. Except in an emergency situation, entry shall only be during reasonable hours and after notice to the Owner. This right of entry shall include the right of the Association to enter a Unit to cure any condition which may increase the possibility of a fire or other hazard in the event an Owner fails or refuses to cure the condition upon request by the Neighborhood Board. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -39- OFF 800/\ III p.........,)rJO~ "\ __ I \ t. ~.l r\ o"J PAGE 3109 0369 SEMINOLE CO. Ft Section 9.5. Drainage Easements. Easements for installation and maintenance of utilities, storm water retention/ detention ponds, and/ or conservation areas are reserved as may be shown on any recorded Plat. Within these easement areas, no structure, landscaping or other material shall be placed or permitted to remain which may damage or interfere with the installation and maintenance of utilities, or which may hinder or change the direction of flow of drainage channels or slopes in the easements. The easement area of each Lot and all improvements contained therein shall be maintained continuously by the Owner of the Lot, except for those improvements for which a public authority, utility company or the Association is responsible. Section 9.6. Temporary Completion Easement. All Lots shall be subject to an easement of ingress and egress for the benefit of the Declarant, its employees, subcontractors, successors and assigns, over and upon the front, side and rear yards of the Lots as may be expedient or necessary for the construction, servicing and completion of dwellings and landscaping upon adjacent Lots, provided that such easement shall terminate 24 months after the date such Lot is conveyed to the Owner by the Declarant. Declarant shall repair and restore any damage to the Lot or Unit or other improvements on the Lot caused by its use of the Lot for ingress and egress during completion of construction of improvements on adjacent Lots. Section 9.7. Community WalL Fence. Signage and Landscape Easement. An easement is hereby created for the use and benefit of the Association and the Declarant for the erection and maintenance of a wall or fence, and the installation of landscaping and the erection of signs over, across and upon the area described in Exhibit "F" attached hereto and incorporated herein by reference (herein referred to as the "Fence/Landscape Easement"). The Declarant and/ or the Association shall have the right to install, erect, construct, operate and maintain within such Fence/Landscape Easement, a fence or wall, sidewalks, paths, landscaping, irrigation systems, signs, lighting and other improvements, subject to the requirements and limitations of ordinances or regulations of the governmental authorities. All improvements permanently installed in such Fence/Landscape Easement by Declarant or the Association shall be and remain the property of the Association, and the Association shall operate and maintain all such permanent improvements as part of the Common Maintenance Property of the Association as a common expense. No Owner shall unreasonably inhibit access by the Association or the Declarant for inspection or maintenance of the wall, fence or other improvements in the Fence/Landscape Easement, and no Owner shall erect or install any permanent improvement within the Fence/Landscape Easement without the prior written consent of the Declarant as long as the Declarant retains Class "B" membership status, or by the Association thereafter, and such approval shall not be unreasonably withheld provided G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -40- flFFIC/AL RECOHDS }OK PAGE 3709 0370 SEMINOLE CO. FL that the proposed improvements are approved by the Architectural Control Committee, and do not materially affect the use of the easement by the Association or Declarant': In those areas where the Fence/Landscape Easement described herein affects easements for utilities or drainage, this Fence/Landscape Easement, and the rights of the Declarant, Association and Owners, as herein described, shall be subordinate to the easements for utilities or drainage, and nothing set forth in this Section 9.7 shall limit or affect the rights of the beneficiaries of easements for utilities or drainage, nor shall the Association, the Declarant or any Owner, by virtue of this Section, have any right to erect any improvement, temporary or permanent, within the Fence/Landscape Easement in violation of the rights of the beneficiaries of utility or drainage easements. All improvements installed in the Fence/Landscape Easement that are designed, constructed and intended to remain indefinitely are deemed to be permanent improvements for the purposes of this Fence/Landscape Easement. Declarant's marketing signs and paraphernalia intended to remain only as long as Declarant continues to market new homes in the Properties, are not deemed to be permanent improvements, and shall be erected, maintained and removed by Declarant at its sole expense, and shall not be or become the property of the Association. Section 9.8. Service Easements. Declarant hereby grants to delivery, pickup and fire protection services, police and other authorities of the law, United States mail carriers, representatives of electrical, telephone, cable television and other utilities servicing the Property, and to such other persons as Declarant from time to time may designate, the nonexclusive right of ingress and egress over and across the Common Property for the purposes of performing their services and investigations. ARTICLE 10 USE AND OCCUPANCY Section 10.1. Single Family Residential Use Only. All Lots and dwellings shall be used and occupied for single family residence purposes only. No Lot or dwelling may be used for commercial, institutional or other non-residential purpose if such use involves the attendance or entry of non-residents upon the Lot or otherwise diminishes the residential character of the Lot or neighborhood. This prohibition shall not apply to "garage sales" conduded with the prior written consent of the Board of Diredors of the Association provided that no Owner shall conduct more than one (1) garage sale of no more than two (2) days duration during any six (6) month period or, the use of any Unit by Declarant or any Builder as a model home or sales office, or the use of any Lot as a site for a construction office trailer or sales office trailer by Declarant or any Builder. The living area G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -41- OFFICIAL RECORDS aOOK PA GE 3709 0371 SEMINOLE' CO. fl of each Unit, exclusive of garages, porches, patios and other areas not designed for human habitation, shall be 1200 square feet or larger measured to the outside of the exterior walls. Notwithstanding the foregoing, Owners are advised that garage sales are regulated by ordinances of the City of Winter Springs, valid permits for garage sales must be obtained, and the approval of the Board of Directors does not authorize any Owner to hold a garage sale without first obtaining a valid permit Likewise, no Owner holding a valid permit for a garage sale issued by the City shall conduct such garage sale without also obtaining the written consent of the Board of Directors as herein required. The Association will not be liable to any Owner or to the City of Winter Springs for failure of an Owner to obtain the proper permit before holding a garage sale. Section 10.2. Rental of Units: Leases: Time Share. All rentals of Units by Owners shall be documented by written leases, and a copy of each such lease shall be delivered by the Owner to the Secretary of the Association shoWing, among other things, the address of the Unit, the name(s) of the tenants, the date of commencement, and the term. No Unit may be rented for a term of less than 30 days. No Unit may be used as a rooming house, hostel or hotel. Time share ownership or occupancy of less than 30 consecutive days duration are prohibited. No more than three (3) leases may be executed for any Unit during any twelve (12) month period based on the date of commencement of the lease. Rentals of less than 30 days duration or operation of a rooming house, hostel or hotel shall be deemed to be commercial uses for the purposes of enforcement of this Declaration, and are prohibited. No more than three (3) time share occupancies shall occur during any twelve (12) month period, and each such occupancy shall be for a period of 30 days or more, based on the first date of such occupancy. Written notice of time share ownership shall be delivered to the Secretary of the Association prior to occupancy stating the address of the Unit, the names of the time share owners and the schedule of occupancy. Section 10.3. Common Maintenance. The Property has been established as a community in which the Association provides certain exterior maintenance services for the residents as part of its normal function in order to create a life-style for the Owners providing freedom from the burden of such maintenance responsibilities. The expense of such maintenance services is included in the Landscape Maintenance Assessments of the Association. The responsibility for maintenance of the Units is described as follows. 10.3.1. Owners' Obligations. Each Owner shall be exclusively responsible for performance of all maintenance obligations for their Unit that is not specifically assumed by the Association pursuant to this Declaration, including, without limitation, repair and replacement of all interior elements of the Unit, including but not limited to the roof, paint, all garage doors, entry/exit doors, window screens, all glass G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -42- [JF~ICIAL REGORDS 8 i'~ PAGE 3709 0372 SEMINOLE CO. FL surfaces and windows, all swimming pools, pool equipment and machinery, swimming pool screen enclosures, swimming pool decks, all planters and landscaping incorporated into swimming pool decks or enclosures, or affixed to the Unit or any patio or extension of the Unit, patios, walkways and driveways, outbuildings or other improvements that are not specifically described in this Section 10.3. 10.3.2. Alterations. Owners shall not make any alterations or additions to any Unit or Common Area, including any changes or alterations of landscaping, ground cOVer or grass, without first obtaining the written consent of the ACC pursuant to Article 8. Alterations or additions to Units that would affect the expense of the maintenance. obligation of the Association may be rejected for that reason alone, without consideration of the aesthetics or benefits of the proposed alteration or addition. 10.3.3. Duty to Report. Owners shall promptly report to the Association, any condition of the landscaping of any Unit in need of maintenance or repair. 10.3.4. Liability for Actions. Each Owner shall be liable for the expense incurred by the Association for any maintenance, repair or replacement of any real or personal property made necessary by the act, neglect or carelessness of the Owner or the Owner's tenants or any member of their families, or their guests, employees or agents (normal wear and tear excepted) but only to the extent that such expense is not met by the proceeds of insurance carried by the Association. Each Owner shall also be liable for any personal injuries caused by his negligent acts or those of his tenants or any member of their families, or their guests, employees or agents. Nothing herein contained, however, shall be construed so as to modify any waiver by insurance companies of rights of subrogation. 10.3.5. Responsibilities of the Association. The Association shall be responsible for the performance of the following services for the maintenance of the landscaping of the Units as part of its Landscaping Maintenance Assessments: (a) Applicable Areas. The Association shall perform the following services only within the areas of the Lots that are between the street bordering the front of the Lot and a line from each outside comer of the Unit on the Lot to the side boundaries of the Lot, provided however, that for comer Lots, the Association shall also provide such services for the area of the comer Lot between the street bordering the side of the Lot and the Unit constructed on the Lot except areas made inaccessible by fences or other approved im provements. Each Owner shall be responsible for maintaining the lawn and landscaping located in areas of the Lot not maintained by the Association. G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -43- ~\r...t:IClA' ....t:"....OF nt: '..J I . ~ r,,_~. {... v SOOK PAGE 3709 0373 SEMINOLE CO. fL (b) Lawn Care. Mowing, trimming, edging of lawns, including application of fertilizers, pesticides, herbicides, fungicides and other agents within areas accessible to lawn care crews, and excluding planters, flower pots, rock gardens, or other landscaping or plantings enclosed within pool enclosures or integrated into the Unit or any patio or attachment to a Unit; (c) Landscape Maintenance. Pruning, trimming, weeding, of trees, shrubs and flower beds installed by the Association or the Declarant or Builder of the Unit in accordance with landscape plans and specifications approved by the ACC, including the application of pesticides, herbicides, fungicides and other agents. 10.3.6. Scheduling and Control. The Association shall have the exclusive right to control the timing of the performance of the services described herein, incl uding the hours of the day and days of the week on which such services will be performed, as well as the schedule of irrigation and application of fertilizers, pesticides, herbicides, fungicides and other agents. No Owner shall interfere with the performance of the services by the Association or its contractors, agents or employees, or alter the schedule of irrigation established by the Association. 10.3.7. Indemnification. The Association covenants and agrees that it will indemnify and save harmless Declarant, all Builders and the members of the Board from and against any and all claims, suits, actions, damages, and/ or causes of action arising from any personal injury, loss of life, and/ or damage to property sustained in or about any Unit within the Property, and from and against all costs, legal fees, expenses and liabilities incurred in and about any such claim, the investigation thereof or the defense of any action or proceeding brought thereon, and from and against any orders, judgments and/ or decrees which may be entered therein. Included in the foregoing provisions of indemnification are any expenses that Declarant may incur in bringing suit for the purpose of compelling the specific enforcement of the provisions, conditions and covenants contained in this Neighborhood Declaration to be kept and performed by the Association. 10.3.8. Exculpation of Declarant and Builders. Neither the Declarant nor any Builder shall have any obligation whatsoever for the performance of any service described in this Declaration, or for the failure or refusal of the Association to perform such services. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -44- ~ICIAL RECORDS BuOK PAGE 3 7 0 9 (J 3 7 f~ SEMINOLE CO. Fl 10.3.9. Events of Force Majeure. Notwithstanding anything herein to the contrary, neither the Association, nor its officers or directors, nor Declarant shall be liable for any damages suffered by any Owner resulting from acts of God, natural disaster, bad weather or other events or conditions beyond the control of the Association, including but not limited to, damage or destruction of landscaping (including trees, shrubs and other plants), or damage caused by wind blown debris. In the event of loss or damage to landscaping on any Lot, the Owner of said Lot shall be exclusively responsible for payment of all costs of restoration or replacement, and shall cause such damage to be completely repaired within six (6) months after the event. If any Owner shall fail to repair such damage within such time period, the Association shall have the right, but not the obligation, to perform such restoration, repair or replacement, and the cost thereof shall be assessed against the Lot as a Special Assessment. By acceptance of the deed to the Lot, each Owner, for and on behalf of himself/herself and any insurer, hereby waives all rights of subrogation against the Association, its officers and directors, and Declarant, for recovery of costs expended by any such insurer for the restoration, repair or replacement of damage to, or caused by, any landscaping (including trees, shrubs and other plant) or wind blown debris. ARTICLE 11 PROPERTY RIGHTS Section 11.1. Owners' Easements of Enjoyment. Every Owner shall have a right and easement in and to the Common Areas and a right and easement of ingress and egress to, from and through said Common Areas, and such easement shall be appurtenant to and shall pass with the title to every Lot, subject to the following provisions: a. The right of the Association to establish and publish rules and regulations governing the use of the Common Areas affecting the welfare of Association members. b. The right of the Association to suspend the right of use of the Common Areas of an Owner 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 published rules and regulations, provided however, that such right to suspend the use of Common Property shall not include the right to suspend or interfere with the use of the private streets owned by the Association for normal ingress and egress to the Owner's Unit. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -45- dUOK PAGE~-. 37v9 fJ375 SEMiNOLE CO. FL c. The right of the Association, subject to the provIsIOns hereof, to dedicate or transfer all or any part of the Common Areas, if any, to any public agency, authority or utility for such purposes and subject to such conditions as may be agreed to by the Owners. No such dedication or transfer shall be effective unless an instrument signed by Owners entitled to cast two-thirds (2/3) of the votes of each class of membership has been recorded agreeing to such dedication or transfer. d. All easements herein described are easements appurtenant to and running with the land; they shall at all times inure to the benefit of and be binding upon the undersigned, all of their grantees, and their respective heirs, successors, personal representatives and assigns, perpetually and in full force. Section 11.2. Effect of Declaration. Reference in any deed, mortgage, trust deed or any other recorded documents to the easements, restrictions and covenants herein described or to this Declaration shall be sufficient to create and reserve such easements and covenants to the respective grantees, mortgagees, or trustees of said parcels as fully and completely as if those easements, restrictions and covenants were fully related and set forth in their entirety in said documents. Section 11.3. Rezoning Prohibited. No Lot shall be rezoned to any classification allowing commercial, institutional or other non-residential use without the express consent of the Association and Declarant, which may be withheld in Declarant's sole discretion. Declarant or the Association may enforce this covenant by obtaining an injunction against any unapproved rezoning at the expense of the enjoined party. Notwithstanding the foregoing, Owners are advised that the authority to rezone land is a governmental function of the City of Winter Springs, and the Association has no power to rezone land. This provision is contractual in nature, and all Owners agree that they will not apply for rezoning by the City without the express written consent of the Declarant and the Association. ARTICLE 12 USE RESTRICTIONS Section 12.1. Nuisances. No noxious or offensive 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. G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -46- ut j illAL ~tC.U!\U~ aor PAGE 3709 {)376 SEMINOLE CO. fL Section 12.2. Development Activity. Notwithstanding any other provision herein, Declarant and its successors and assigns, including Builders, shall be entitled to conduct on the Property all activities normally associated with and convenient to the development of the Property and the construction and sale of dwelling units on the Property. Section 12.3. Temporary Structures. No structure of a temporary character, including, without limiting the generality thereof, any trailer, tent, shack, garage, barn, motor home or mobile home or other outbuilding, and no prefabricated or relocated structure shall be used on any Lot at any time as a residence, either temporarily or permanently. This restriction shall not be interpreted to limit the right of Declarant or any Builder to use trailers or outbuildings as sales offices, construction offices or material storage facilities. Section 12.4. Signs. No sign or emblem of any kind may be kept or placed upon any Lot or mounted, painted or attached to any Unit, fence or other improvement upon such Lot so as to be visible from public view or mounted on any vehicle or trailer parked or driven in the Property or carried by any person or by any other means displayed within the Property except the following. In addition to the following restrictions, the City of Winter Springs may impose additional requirements for permits, content, size or duration of display of signs that may otherwise satisfy the requirements of this Declaration, and nothing in this Declaration shall relieve the Declarant or any Owner from the obligation to comply with applicable laws and ordinances. a. Address Signs. An Owner may display an address sign or marker in the form and style first installed by the Declarant or Builder of the Unit, or in such other form or style approved by the ACC pursuant to Article 8. b. For Sale Signs. An Owner may erect one (1) sign not exceeding 2' x 3' in area, fastened only to a stake in the ground and extending not more than three (3) feet above the surface of the ground advertising the property for sale. c. Declarant's Signs. Signs may be erected by the Declarant or any Builder. d. Political Signs. Political signs may be erected upon a Lot by the Owner of such Lot advocating the election of one or more political candidates or the sponsorship of a political party, issue or proposal G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -47- . " cr~ S . OFFICIA'.- R.....Lp .t aOO\<. ~\.J... 3109 0311 " SEM\NOlt. co. Fh provided that such signs shall not be erected more than ninety (90) days in advance of the election to which they' pertain and are removed within fifteen (15) days after the election. See Article 17, Section 17.4 for additional information concerning political signs. Section 12.5. Campers. Boats and Recreational Vehicles. No campers, boats, boat trailers, recreational vehicles and other types of non-passenger vehicles, equipment, implements or accessories may be kept on any Lot unless the same are fully enclosed within the garage located on such Lot and/ or said vehicles and accessories are screened from view by a screening structure or fencing approved by the ACC, and said vehicles and accessories are in an operable condition. The ACC, as designated in this Declaration, shall have the absolute authority to determine from time to time whether a vehicle and/ or accessory is operable and adequately screened from public view. Upon an adverse determination by said ACC, the vehicle and/ or accessory shall be removed and/ or otherwise brought into compliance with this paragraph. No dismantling or assembling of motor vehicles, boats, trailers, recreational vehicles, or other machinery or equipment shall be permitted in any driveway or yard adjacent to a street. No commercial vehicle bearing commercial insignia or names shall be parked on any Lot except within an enclosed structure or a screened area which prevents such view thereof from adjacent lots and streets, unless such vehicle is temporarily parked for the purpose of serving such Lot. Section 12.6. Pets. Livestock and Poultry. No animals, livestock or poultry of any kind shall be raised, bred or kept on any Lot, except for cats, dogs or other generally recognized household pets of a reasonable number, provided that they are not kept, bred, or maintained for any commercial purpose; and provided further, than no more than two (2) dogs and (2) cats may be kept on a single Lot. All such animals shall be kept in strict accordance with all local laws and ordinances (including leash laws) and in accordance with all rules established by the Parkstone Community Association. Section 12.7. Garbage and Refuse Disposal. No Lot shall be used or maintained as a dumping ground for rubbish. Trash, garbage or other waste shall not be kept except in sanitary containers. All equipment and containers for the storage or disposal of such material shall be kept in a clean and sanitary condition. No cans, bags, containers or receptacles for the storing or disposal of trash, garbage, refuse, rubble, or debris shall be stored, kept, placed or maintained on any Lot where visible from any street except solely on a day designated for removal of garbage and rubbish and on which days only, such cans, bags, containers, and receptacles may be placed in front of a residence and beside a street for removal but shall be removed from view before the following day. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -48- Off 800K A'.... RECORDS PAGE 3109 n318 SEMINOLE CO. F~ Section 12.8. Sight Distance at Intersections. No fence, wall, hedge or shrub planting which obstructs sight lines at elevations between three (3) and ten (10) feet 'above the roadways shall be placed or permitted to remain on any corner Lot within the triangular area formed by the street property lines and in a line connecting them at points thirty-five (35) feet from the intersection of the street lines, or in the case of a rounded property comer, from the intersection of the street property lines extended. The same sight line limitations shall apply on any Lot within ten (10) feet from the intersection of a street property line with the edge of a driveway or alley pavement. No tree shall be permitted to remain within such distances of such intersections unless the foliage line is maintained at sufficient height to prevent obstruction of such sight lines. Section 12.9. Parking. No vehicles, trailers, implements or apparatus may be driven or parked in the Common Maintenance Areas or on any easement (except areas intended for vehicular access) unless in use for maintaining such Common Maintenance Areas. Section 12.10. Commercial or Institutional Use. No Lot, and no building erected or maintained on any Lot shall be used for manufacturing, industrial, business, commercial, institutional or other non-residential purposes, except for construction offices, model homes and sales offices as set forth in this Declaration or in the Articles of Incorporation or Bylaws of the Association. Section 12.11. Detached Buildings. No detached accessory buildings, including, but not limited to, detached garages and storage buildings, shall be erected, placed or constructed upon any Lot without the prior consent of the ACe. Every outbuilding, inclusive of such structures as a storage building, greenhouse or children's playhouse shall be compatible with the dwelling to which it is appurtenant in terms of its design and material composition. In no instance shall an outbuilding exceed twelve (12) feet in height, nor two hundred forty (240) square feet in size. No outbuilding shall be erected or permitted to remain within five feet (5') of a side Lot boundary line, or within six feet (6') of a rear Lot boundary line, and no outbuilding shall be permitted to encroach on any easement depicted on the Plat or created by this Declaration or other instrument of record. In addition to the foregoing restrictions, the City of Winter Springs may impose additional requirements concerning the location, size, number, use, construction or maintenance of outbuildings, and nothing in this Declaration shall relieve any Owner from the obligation to satisfy all applicable laws, ordinances and regulations of the City concerning such outbuildings. Likewise, the ACC shall have the right to refuse to approve any outbuilding even if the City issues its approval for such outbuilding, and, in such cases, all Owners shall abide by the decision of the ACC and shall not erect such outbuildings. G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -49- UFF. 800K .!\~ RECORDS PAGE 3709 {)319 SEHIHOLt co. FL Section 12.12. Fences. No fence, wall or hedge shall be erected or maintained on any Lot nearer to the street than the building setback lines for the front yard, except for fences erected in conjunction with model homes or sales offices. Except as may be necessary to maintain the sight distances required by Section 12.8, side yard fences on comer Lots must be erected inside the side street setback line of the Lot. All fences shall be constructed of wood or masonry except for retaining walls installed by Declarant or retaining walls or decorative walls approved by the ACe. All fences shall be of uniform height except sales office or model home fences. No chain-link, metal cloth or agricultural fences may be built or maintained on any Lot. Unless otherwise agreed between Owners, side and rear yard fences that separate adjacent lots shall be owned and maintained by the Owner on whose Lot the fence exists, or if the location is indefinite, such fence will be maintained by the Owners whose Lots are involved jointly with expenses being shared equally. Section 12.13. Landscaping. Decorative ground cover rock in the front and side yard may not exceed ten (10) percent of the total area of the front and side yard. Lawns must be properly maintained (not to exceed six (6) inches in height). Section 12.14. Television and Radio Receiving Devices. No exterior radio or television antenna, satellite dish, microwave antenna or other antenna or device for sending or receiving television or radio signals may be erected or maintained on the exterior of any Unit in the Properties in such a manner as to be visible to an observer from the street in front of the Unit. Television and/ or radio receiving devices may be erected on the exterior of a Unit in a location that does not allow them to be visible to an observer from the street in front of the Unit if such devices are approved for installation by the ACC, provided however, that satellite receiving dishes in excess of 39 inches in diameter shall be prohibited on all Lots. Notwithstanding the foregoing, the Board of Directors of the Association shall have the authority to establish size limitations for television and radio receiving devices that do not have a material effect upon the appearance of the Unit which devices may be approved for use in areas that are visible to an observer from the street if advances in technology create devices that are unobtrusive and do not materially affect the appearance of the Unit. By acceptance of a deed to a Unit within the Properties, each Owner agrees that this restrictive covenant is a reasonable limitation on the Owners' ability to receive television and/ or radio transmissions, and (1) does not unreasonably delay or prevent installation, maintenance or use of television or radio receiving devices, (2) does not unreasonably increase the cost of installation, maintenance or use of television or radio receiving devices, (3) does not preclude reception of an acceptable quality television or radio signal, and (4) does not impose an unnecessary burden, expense or delay on any Owner. Each Owner covenants with Declarant and every other Owner that the rights of G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -50- OFfll BOOK .L RECORDS PAGE 3109 10380 SEMINOLE CO. FL the Association and all other Owners of Units in the Properties in the protection of property values and the architectural character and aesthetics of the Properties supersedes and takes precedence over the interests of each individual Owner in the placement of television and radio receiving devices, and that the limitations established in this Declaration provide each Owner reasonable alternatives for receiving quality television and radio signals without the necessity of erecting receiving devices in locations that are visible to observers from the street in front of the Unit or otherwise materially affect the appearance of the Unit Therefore, each Owner agrees to be bound by this limitation and waives the benefits of any contrary rule or regulation promulgated by the Federal Communications Commission or other governmental body or agency. Section 12.15. Exterior Finish. All exterior walls of all dwellings, garages and approved accessory buildings shall be completely finished with wood, stucco, brick, stone, paneling or other material acceptable to the ACe. No unpainted concrete block surfaces shall be visible on any exterior wall. The first floor exterior walls of the main residence building constructed on any Lot shall be composed of at least 100% masonry or masonry veneer (including stucco), said percentage to apply to the aggregate area of all first floor exterior walls, excluding windows, doors or other openings and gable ends. The minimum masonry requirement specified shall apply to the lower floor only for a two- story dwelling. Masonry or masonry veneer includes stucco, ceramic tile, clay, brick, rock and all other materials commonly referred to in the Seminole County, Florida area as masonry. Notwithstanding the foregoing, the ACC is empowered to waive this restriction if, in its sole discretion, such waiver is advisable in order to accommodate a unique or advanced building concept, design, or material, and the resulting structure will not detract from the general appearance of the neighborhood. Section 12.16. Chimneys. All fireplace flues shall be completely enclosed and concealed from public view in finished chimneys of materials architecturally compatible with the principal finish material of the exterior walls of the dwelling or otherwise approved by the ACe. Section 12.17. Clothes Hanging Devices. Clothes hanging devices exterior to a dwelling shall not exceed six (6) feet in height and shall not be placed nearer to any street abutting the Lot than the side yard setback line or the back of the Unit constructed on the Lot Clothes hanging devices shall be screened from public view by a fence approved by the ACe. Such fence shall be erected by the Owner before any clothes hanging device is erected. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpderevised 080499 6 p.m. -51- UFFICIA~ ~'C:OROS . BOOK PAGE 3109 ()381 SEMINOLE. CO. FL Section 12.18. Window Treatment. No aluminum foil, reflective film or similar treatment shall be placed on windows or glass doors. Section 12.19. Oil and Mining Operations; Hazardous Materials. No oil drilling, oil development operations, oil refining, quarrying or mining operation of any kind shall be permitted upon or in any Lot, nor shall oil wells, tanks, tunnels, mineral excavations, or shafts be permitted upon any Lot. No derrick or other structure designed for uSe in boring for oil or natural gas shall be erected, maintained or permitted upon any Lot. No tank for the storage of oil or other fluids may be maintained on any of the Lots above the surface of the ground. No hazardous, flammable or explosive materials shall be kept, stored or disposed of on any Lot except household chemicals, cleansers, lubricants and the like, which may be kept and used in conventional domestic applications and amounts in accordance with applicable environmental laws and regulations. Notwithstanding anything in this Section 12.19 to the contrary, the terms "tank" and "tank for the storage of oil or other fluids" shall not be deemed to mean or include domestic propane/butane gas storage cylinders typical for domestic use, including but not limited to, heating swimming pools and spas. The placement of such gas storage cylinders shall be subject to approval by the ACC, and the Owner of the Lot on which such cylinder is placed shall comply with all requirements of the Governmental Authorities, including obtaining all required permits and observing all applicable safety and use requirements. Neither the Association nor the Declarant nor any member of the Board of Directors or ACC shall have any liability whatsoever for the condition or location of any propane/butane cylinder allowed pursuant to this Declaration. Section 12.20. Mail Boxes. Mail boxes shall be erected and maintained upon areas determined by the u.S. Postal Service in accordance with the current postal authority standards and the approval of the ACe. Section 12.21. Garages. An enclosed garage able to accommodate at least two (2) automobiles must be constructed and maintained for each residence. The openings of such garages must be situated within the setback lines set out herein. If the garage is detached from the house, it shall be located entirely in the rear yard area and not less than five (5) feet from any side or rear Lot line and in the case of corner Lots, not less than the distance required for dwellings from side streets. Garages may be used as the Declarant's or Builder's sales offices prior to permanent occupancy of the main structure, however, sales offices must be converted to garages prior to permanent occupancy. Detached garages may not exceed a height of eighteen feet (18') at the highest ridge point of the roof measured from the existing ground unless prior written approval is obtained from the Architectural Control Committee. With the exception of periods when garages are used G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -52- * DF FlelA:... :..c:op~g~ BOOK 3109 038~ , SEMINOLt co. FL by the Builder as sales offices, all garages shall be maintained for the storage of automobiles, and no garage may be enclosed or otherwise used for habitation. - , Section 12.22. Roof. No exposed roof surfaces on any principal and/ or secondary structures shall be of wood shingles or wood shakes unless rated by the State Insurance Board as meeting fire retardant standards. The Architectural Control Committee shall have the authority to approve roof treatments and materials when in its determination such treatments and materials, in the form utilized will not be a detriment to the quality of the neighborhood. Section 12.23. Minimum Unit Size, Maximum Height and Setback Lines: Maximum Area of Coverage. The living area of each residential Unit shall be no less than 1200 square feet in area, as set forth in Article 10, Section 10.1. No residential Unit shall exceed thirty-five feet (35j in height measured from the top surface of the foundation to the highest point of the roof. Allbmldings or other structures (except fences), permanent or temporary, habitable or uninhabitable, must be constructed, placed and maintained in conformity with setback lines imposed herein. In no event shall any such building or other structure be constructed, placed or maintained ithin five feet 5' of the side bound a of a Lot (except for Lots bordering a side street, in which case the side street setbac ~all be fifteen feet (15')), or within twen feet 20' of the rear bo ~ setback lines for one storvJlOmes are hereby established atJWenty feet (20'}{ and for two story homes at twenty feet (20'). Detached garages and temporary structures shall be located entirely in the rear yard area and not less than five feet (5') from any side Lot line and in the case of comer Lots, not less than the distance req-uired f~r dwellings from side streets, and not less the six feet (6') from any.rear Lot line. The eaves, steps and porches of buildings shall not be deemed to be a part of a building or structure for the purpose of this covenant Notwithstanding the foregoing, the ACC shall have the right and authority to approve variances from the setback requirements for reasonable cause or to alleviate a hardship. The maximum residential impervious surface ratio er Lot for the rinci al residential buil in and accesso . , the Unit and any outbuildings, shall be 65% gf the total area encompassed by the Lot. - - Section 12.24. Athletic and Recreational Facilities. Outdoor atWetic and recreational facilities such as basketball goals, swing sets and sport courts of either a permanent or temporary nature shall not be placed on any Lot between the street right-of- way and the front of a Unit and must be approved by the Architectural Control Committee pursuant to Article 8. Tennis court lighting and fencing shall be allowed only with the approval of the ACe. G:\LegaIIAVS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -53- ""'CIC\~I Rf.C:OKD~ ljt I p'" PAGt. aoaK . 3109 0383. SEM\NOLE co. fL Section 12.25. Security. Neighborhood security patrols may be provided by independent contractors through the Association, from time to time; however the Association is not responsible for security of the neighborhood or any Unit and the Owners are exclusively responsible for security for their homes and property. Section 12.26. Water and Sewage Systems. No individual water supply system or sewage disposal system shall be permitted on any Lot, including but not limited to water wells, cesspools or septic tanks. Section 12.27. Exterior Holiday Decorations. Lights or decorations may be erected on the exterior of Units in commemoration or celebration of publicly observed holidays provided that such lights or decorations do not unreasonably disturb the peaceful enjoyment of adjacent Owners by illuminating bedrooms, creating noise or attracting sight- seers. All lights and decorations that are not permanent fixtures of the Unit which are part of the original construction or have been properly approved as permanent improvements by the ACC shall be removed within thirty (30) days after the holiday has ended. Christmas decorations or lights may not be displayed prior to November 15th of any year. For other holidays, decorations or lights may not be displayed more than two (2) weeks in advance of the holiday. The Association shall have the right, upon thirty (30) days prior written notice to enter upon any Lot and summarily remove exterior lights or decmations displayed in violation of this provision. The Association, and the individuals removing the lights and decorations, shall not be liable to the Owner for trespass, conversion or damages of any kind except intentional misdeeds and gross negligence. Section 12.28. Solar Energy Devices. No Owner may erect or maintain solar collector panels or other solar energy devices or equipment upon any Lot unless such apparatus is erected and maintained in such a way that it is screened from public view at a point in the center of the public street right-of-way directly in front of the house erected on such Lot; and no such apparatus shall be erected without the prior written consent of the ACe. Section 12.29. Upland Buffer and Conservation Area. Lots abutting the Conservation Area (as indicated on the recorded Plats) adjacent to Lake Jesup are subject to a 25 foot wide Upland Buffer (also as indicated on the recorded Plats). No improvements are to be constructed or installed within the Upland Buffer or Conservation Easement, and no landscaping, planting, filling, excavation, grading, irrigation or other improvements or disturbance shall be made within such Upland Buffer or Conservation Easement without the prior written consent and approval of the SJRWMD. In addition, according to the Land_Development Coordinator of the City of Winter Springs, the City's G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -54- OFFICIAL RECOK' BOOK ?AG~ 3109 {)381~ SEHIHOLt co. fL Comprehensive Plan establishes requirements for "vegetative buffers" as follows: "The first is a minimum twenty-five (25) foot vegetative buffer area upland from any wetlands area. The second is a minimum fifty (50) foot vegetative buffer upland from the lake." Section 12.30. hnprovements Over Water. No docks, piers, boardwalks, launching ramps, boathouses, bathhouses, beaches or other improvements or structures of any kind may be constructed or installed on, over or under the waters of Lake Jesup without the prior written consent and approval of the SJRWMD and other agencies as may be required. ARTICLE 13 PICKETING AND DEMONSTRATIONS By acceptance of the deed to any Lot covered by this Declaration, the Owner covenants and agrees with the Owners of all other Lots within the subdivision, that no Owner or resident of any Lot shall engage in picketing, protest marches, sit-in demonstrations, protest speeches or other forms of public protest, including without limitation, displaying signs or placards within public view, upon any Lot or within any Common Area, easement or street adjacent to any Lot, or affixed to any vehicle or apparatus upon or adjacent to any Lot, street, easement or Common Area. This prohibition shall not affect the right of any person to participate in any other form of public protest conducted outside the area depicted on any recorded subdivision Plat. No Owner or resident of any Lot shall engage in conduct that tends to vilify, ridicule, denigrate, or impugn the character of any other Owner or resident if such conduct occurs on any Lot, Common Area, easement or street depicted on the subdivision Plat. Each Owner, by acceptance of the deed to any Lot, shall be deemed to have accepted the foregoing prohibitions as reasonable limitations on his or her constitutional right of free speech and to recognize and agree that all Owners have the right to the peaceful enjoyment of their property; the right of privacy; the right to practice their own religion; the freedom of association; the right to engage in a profession, business or life-style of their own choosing provided that the conduct of such profession, business or life-style is not illegal and does not otherwise violate any provision of this Declaration. ARTICLE 14 MORTGAGEE PROVISIONS G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -55- JFFIC!A~ BOOK 3109 _CORDS PAGE 0385 SEMINOLE CO. FL The following provisions are for the benefit of holders of first Mortgages on Units in the Properties. The provisions of this Article apply to both this Declaration and to the Bylaws, notwithstanding any other provisions contained therein. Section 14.1. Rights of Eligible Holders. An institutional holder, insurer, or guarantor of a first Mortgage (herein referred to as an "Institutional Lender") that provides a written request to the Association (such request to state (1) the name and address of such holder, insurer, or guarantor; (2) the name of the Owner; (3) the address of the Unit; and (4) the Lot and Block numbers and identification of the Unit, thereby becoming an "Eligible Holder"), will be entitled to: a. the right to inspect Association documents and records on the same terms as Members; b. copies of all written notices to the Unit Owner of material amendments to the Declaration, Articles of Incorporation or Bylaws of the Association when such notices are required to be given to Owners pursuant to such documents; c. copies of written notices to the Unit Owner of extraordinary actions to be taken by the Association when such notices are required to be given to Owners pursuant to this Declaration or the Bylaws; d. copies of written notices to the Unit Owner of (i) any property loss, condemnation or eminent domain proceeding affecting the Common Property resulting in losses greater than ten percent (10%) of the current annual budget, or (ii) any Unit insured by the Association in which the Eligible Holder has an interest; e. copies of written notices to the Unit Owner of any termination, lapse or material modification of an insurance policy held by the Association; f. written notice of any default by an Owner of a Unit subject to a mortgage held by the Eligible Holder in paying assessments or charges to the Association which remains uncured for sixty (60) consecutive days; g. written notice of any proposal to terminate the Declaration or dissolve the Association at least thirty (30) days before such action is taken; G:\Legal\AVS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -56- OFF, BOOK 3709 AL RECORDS PAGE {)386 SEMINOLE CO. fl h. the right of a majority of Eligible Holders (determined on the basis of one vote for each Unit standing as security for a mortgage held by the Eligible Holder) to demand that the Association retain a professional management company; and i. the right of a majority of Eligible Holders (determined on the basis of one vote for each Unit standing as security for a mortgage held by the Eligible Holder) to demand an audit of the Association's financial records. Section 14.2. Voting Rights of Eligible Holders. For purposes of this Section, an Eligible Holder of a Mortgage shall be entitled to one (1) vote for each first Mortgage owned. 14.2.1. Unless at least two-thirds (2/3) of the Eligible Holders consent, the Association shall not: a. by act or omission abandon, partition, subdivide, encumber, sell, or transfer all or any portion of the real property comprising the Common Property which the Association owns, directly or indirectly (The granting of easements for public utilities or other similar purposes consistent with the intended use of the Common Property shall not be deemed a transfer within the meaning of this subsection.); b. change the method of determining the obligations, assessments, dues, or other charges which may be levied against an Owner (A decision, including contracts, by the Board or provisions of any supplemental declaration subsequently recorded on any portion of the Properties regarding assessments for Lots to be annexed or other similar areas shall not be subject to this provision where such decision or subsequent supplemental declaration is otherwise authorized by this Declaration.); c. by act or omission change, waive, or abandon any material aspect of the scheme of regulations or enforcement thereof pertaining to the architectural design or the exterior appearance and maintenance of Units and of the Common Property (The issuance and amendment of architectural standards, procedures, rules and regulations, or use restrictions shall not constitute a change, waiver, or abandonment withing the meaning of this provision.); d. fail to maintain insurance, as required by this Declaration; or e. use hazard insurance proceeds for any Common Property losses for other than the repair, replacement, or reconstruction of such property. G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -57- OFFICI~ aOOK 3109 <EC.OHOS PAGE 0387 SEMINOLE CO. FL 14.2.2. Association shall require: Any election to terminate the legal status of the a. the approval of at least fifty-one percent (51 %) of the Eligible Holders if the election to terminate the legal status is the result of substantial destruction or a substantial taking in condemnation of the Common Property; or b. the approval of at least sixty-seven percent (67%) of the Eligible Holders if the termination is sought for any other reason. 14.2.3. In the event a portion of the Common Property is either condemned or destroyed or damaged by a hazard that is insured against, restoration or repair shall be performed substantially in accordance with the provisions of the Declaration and the original plans and specifications for the project unless fifty-one (51 %) of the Eligible Holders approve the taking of other action by the Association. 14.2.4. The affirmative vote fifty-one percent (51 %) of the Eligible Holders shall be sufficient to require the Association to engage a professional management company. 14.2.5. The affirmative vote fifty-one percent (51 %) of the Eligible Holders shall be sufficient to require the Association to conduct an audit of its financial records. Section 14.3. Voluntary Payments by Eligible Holders. Eligible Holders may, jointly or singly, pay taxes or other charges which are in default and which mayor have become a charge against the Common Property and may pay overdue premiums on casualty insurance policies or secure new casualty insurance coverage upon the lapse of a Association policy, and Eligible Holders making such payments shall be entitled to immediate reimbursement from the Association. Section 14.4. 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 Eligible Holder of any Unit in the case of distribution to such Owner of insurance proceeds or condemnation awards for losses to or a taking of the Common Property. Section 14.5. Notice to Association. Upon request, each Owner shall be obligated to furnish to the Association the name and address of the Eligible Holder of any Mortgage encumbering such Owner's Unit. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -58- OFFICI BOOK . RECORDS PAGE 3709 0388 SEMINOLE CO. FL Section 14.6. Amendment by Board. Should the Federal Housing Administration, Department of Veterans Affairs, Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation subsequently modify any of their respective requirements which necessitate the provisions of this Article, the Board, without approval of the Owners, may cause an amendment to this Article to be recorded to reflect such changes. Section 14.7. Applicability of this Article. Nothing contained in this Article shall be construed to reduce the percentage vote that must otherwise be obtained under the Declaration, the Bylaws, or Florida corporate law for any of the acts set out in this Article. Section 14.8. Failure of Eligible Holder to Respond. Any Eligible Holder 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 Eligible Holder within thirty (30) days of the date of the Association's request. ARTICLE 15 INSURANCE AND CASUALTY LOSSES Section 15.1. Common Areas. The Association shall keep all improvements, facilities and fixtures located within the Common Areas insured against loss or damage by fire or other casualty for the full insurable replacement value thereof (with reasonable deductibles and normal exclusions for land, foundations, excavation costs and similar matters, and may obtain insurance against such other hazards and casualties as the Asso- ciation may deem desirable. The Association may also insure any other property, whether real or personal, owned by the Association, against loss or damage by fire and such other hazards as the Association may deem desirable, with the Association as the owner and beneficiary of such insurance for and on behalf of itself and all Members. The insurance coverage with respect to the Common Areas shall be written in the name of, and the pro- ceeds thereof shall be payable to, the Association. Insurance proceeds shall be used by the Association for the repair or replacement of the property for which the insurance was carried. Premiums for all insurance carried by the Association are Common Expenses and shall be included in the Association's annual budget and collected as part of the Annual Assessment. To the extent obtainable at reasonable rates, the insurance policy(ies) maintained by the Association shall contain provisions, or be accompanied by G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig revwpd revised 080499 6 p.m. -59- Qff It .L RECORDS BOOK PAGE 3709 0389 SEMINOLE CO. Fl endorsements, for: agreed amount and inflation guard, demolition costs, contingent lia- bility from operation of building laws and increased costs of construction. All insurance policies shall contain standard mortgagee clauses, if applicable. The Association shall also maintain, to the extent any insurable improvements to Common Areas are within an "A" flood zone, flood insurance in an amount equal to the lesser of 100% of the replacement costs of all insurable improvements (if any) within the Common Areas or the maximum amount of coverage available under the National Flood Insurance Program, whichever is less. Section 15.2. Waiver of Subrogation. As to each policy of insurance maintained by the Association which will not be voided or impaired thereby, the Association hereby waives and releases all claims against the Board, the Members, Declarant and the agents and employees of each of the foregoing, with respect to any loss covered by such insurance, whether or not caused by negligence of or breach of any agreement by said persons, but only to the extent that insurance proceeds are received in compensation for such loss. Section 15.3. Liability and Other Insurance. The Association shall have the power to and shall obtain comprehensive public liability insurance, including medical payments and malicious mischief, with coverage of at least $1,000,000.00 (if available at reasonable rates and upon reasonable terms) for any single occurrence, insuring against liability for bodily injury, death and property damage arising from the activities of the Association or with respect to property under its jurisdiction, including, if obtainable, a cross liability endorsement insuring each Member against liability to each other Member and to the Association and vice versa. The Association may also obtain Worker's Compensation insurance and other liability insurance as it may deem desirable, insuring each Member and the Association and its Board of Directors and officers, from liability in connection with the Common Areas, the premiums for which shall be Common Expenses and included in the assessments made against the Members. The Association may also obtain such other insurance as the Board deems appropriate. All insurance policies shall be reviewed at least annually by the Board of Directors and the limits increased in its discretion. The Board may also obtain such errors and omissions insurance, indemnity bonds, fidelity bonds and other insurance as it deems advisable, insuring the Board or any management company engaged by the Association against any liability for any act or omission in carrying out their obligations hereunder, or resulting from their membership G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -60- OfFICIA- ,{ECORDS 800K PAGE 3109 0390 SEMINOLE CO. FL on the Board or any committee thereof. At a minimum, however, there shall be blanket fidelity bonding of anyone (compensated or not) who handles or is responsible for funds held or administered by the Association, with the Association to be an obligee thereunder. Such bonding shall cover the maximum funds to be in the hands of the Association or management company during the time the bond is in force. In addition, the fidelity bond coverage must at least equal the sum of three (3) months' of regular assessments, plus all reserve funds. Section 15.4. Damage and Destruction. 15.4.1. Immediately after damage or destruction by fire or other casualty to all or any part of the Common Property covered by insurance written in the name of the Association, the Board or its duly authorized agent shall proceed with the filing and adjustment of all claims arising under such insurance and obtain reliable and detailed estimates of the cost of repair or reconstruction of the damaged or destroyed Properties. Repair or reconstruction, as used in this paragraph, means repairing or restoring the Properties to substantially the same condition in which they existed prior to the fire or other casualty, allowing for any changes or improvements necessitated by changes in applicable building codes. 15.4.2. In the event of damage or casualty loss to the improvements, if any, erected on the Common Properties, which in the opinion of the Board of Directors, should not be repaired or reconstructed, the Board shall deliver written notice thereof to each Member stating (1) the amount of the insurance proceeds to be paid to the Association by the insurer as a result of the loss; (2) the estimated cost of repair or reconstruction; and (3) a request that each Member deliver a written response voting for or against repair or reconstruction within 30 days after receiving the Board's notice. Such notice shall be sent to each Member within 60 days after the Board has received the settlement offer of the insurer and the estimated cost of repair or reconstruction from a qualified contractor . The Association shall make the repairs or reconstruct the improvements unless at least 75% of the Members of each class of membership vote not to do so. No Eligible Holder shall have the right to participate in the determination of whether the damage or destruction to the Common Area shall be repaired or reconstructed; provided, however, this provision shall not apply to construction Mortgagees, if any, providing construction financing for such damaged Common Property. 15.4.3. In the event that it should be determined in the manner described above that the damage or destruction to the Common Area shall not be repaired or reconstructed and no alternative improvements are authorized by the G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -61- OfFICI. aOOK REC:OROS ?AGE 3109 039\ SEMltWLt co. FL Mem bers, then and in that event the affected portion of the Common Property shall be restored to its natural state and maintained by the Association in a neat and 'attractive condition. Section 15.5. Disbursement of Proceeds. If the damage or destruction for which the proceeds of insurance policies are paid is to be repaired or reconstructed, the proceeds, or such portion thereof as may be required for such purpose, shall be disbursed in payment of such repairs or reconstruction. Any proceeds remaining after defraying such costs of repair or reconstruction to the Common Property shall be retained by and for the benefit of the Association and placed in a capital improvements account. In the event no repair or reconstruction is made, any proceeds remaining after making such settlement as is necessary and appropriate with the affected Owner or Owners and their Eligible Holders as their interests may appear, shall be retained by and for the benefit of the Association and placed in a capital improvements account. This is a covenant for the benefit of any Eligible Holder of a Unit and may be enforced by such Mortgagee. Section 15.6. Repair and Reconstruction. If the damage or destruction to the Common Area for which insurance proceeds are paid is to be repaired or reconstructed, and such proceeds are not sufficient to defray the cost thereof, the Board shall, without the necessity of a vote of the Members, levy a Special Assessment against all Owners on the same basis as provided for Annual Assessments. Additional assessments may be made in like manner at any time during or following the completion of any repair or reconstruc- tion. ARTICLE 16 GENERAL PROVISIONS Section 16.1. Duration. The covenants, conditions and restrictions of this Declaration shall run with and bind the Properties, and shall inure to the benefit of and be enforceable by the Association, the Declarant and any Owner, their respective legal representatives, heirs, successors, and assigns, for a period of thirty (30) years from the date this Declaration is recorded. Upon the expiration of said thirty (30) year period, this Declaration shall be automatically renewed and extended for successive ten (10) year periods. The number of ten (10) year renewal periods hereunder shall be unlimited with this Declaration being automatically renewed and extended upon the expiration of each ten (10) year renewal period for an additional ten (10) year period; provided, however, that there shall be no renewal or extension of this Declaration if during the last year of the initial thirty (30) year period, or during the last year of any subsequent ten (10) year G:\Legal\AVS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 0804996 p.m. -62- .:ICIA~. REC.DROS BOOK PAGE 3109 0392 SEMINOLE CO. FL renewal period, Voting Members representing three-fourths (3/4) of the votes of the Association vote in favor of terminating this Declaration at the end of its then current term. Termination of this Declaration is deemed to be an "Extraordinary Action" subject to the provisions of Section 16.2. Written notice of any meeting at which such proposal to terminate this Declaration is to be considered, setting forth the fact that such a proposal will be considered, shall be given at least sixty (60) days in advance of said meeting. In the event that the Association votes to terminate this Declaration, the President and Secretary of the Association shall execute certificate which shall set forth the resolution of termination adopted by the Association, the date of the meeting of the Association at which such resolution was adopted, the date that notice of such meeting was given, the total number of votes of Members of the Association, the total number of votes required to constitute a quorum at a meeting of the Association, the total number of votes necessary to adopt a resolution terminating this Declaration, the total number of votes cast in favor of such resolution, and the total number of votes cast against such resolution. Said certificate shall be recorded in the Public Records of Seminole County, Florida, and may be relied upon for the correctness of the facts contained therein as they relate to the termination of this Declaration. Termination of the Association shall not have the effect of terminating easements herein provided or granted prior to such termination, or terminating contractual rights created prior to termination which from the context of the contract were meant to survive termination. Section 16.2. Material Amendments and Extraordinary Actions. The Association may amend this Declaration in regard to the matters identified herein as "Material Amendments", or may undertake the actions herein listed as "Extraordinary Actions" only in the following manner. 16.2.1. Material Amendments. The matters listed below are deemed to be material to this Declaration, and any proposed amendment concerning such matters shall be deemed to be a "Material Amendment": a. the manner of determining the basis for assessments or the administration of assessment liens; b. any method of imposing or determining any charges to be levied against individual Unit Owners; G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -63- dFFICIAL RECORDS BOOK PAGE 3109 0393 c. Common Area improvements; SEMINOLE. CO. fl reserves for maintenance, repair or replacement of d. maintenance obligations; e. allocation of rights to use Common Areas; f. any scheme of regulation or enforcement of standards for maintenance, architectural design or appearance of improvements on Units; g. reduction of insurance requirements; h. restoration or repair of Common Area improvements; 1. the addition, annexation or withdrawal of land to or from the project; J. voting rights; k. restrictions affecting leasing or sale of a Unit; or 1. Mortgagees, or Eligible Holders. any provision which is for the express benefit of 16.2.2. Extraordinary Actions. The matters listed below are deemed to be extraordinary under this Declaration, and any proposed action concerning such matters shall be deemed to be an "Extraordinary Action": a. merging or consolidating the Association (other than with another non-profit entity formed for purposes similar to the Association); b. determining not to require professional management, if that management has been required by the Association documents, a majority of Eligible Holders or a majority vote of the Members; c. expanding the Association to include land not previously described as Undeveloped Parcel which increases the overall land area of the project or number of Units by more than 10%; G:\Legal\AVS\Orlando\Parkslone\080499 prksln deer irrig rev.wpd revised 080499 6 p.m. -64- JFFI BOOh " ....,... r ,)r:.Oc:: \_ :\::~.(.. 1\ ~ PAGE 31 0 9 0 3 9 I. SEMINOLE CO. FL d. abandoning, partitioning, encumbering, mortgaging, conveying, selling or otherwise transferring or relocating the boundaries of the Common Areas (except for (1) granting easements which are not inconsistent with, or which do not interfere with the intended Common Area use; (2) dedicating Common Area as required by a public authority; (3) limited boundary line adjustments made in accordance with the provisions of this Declaration; or (4) transferring Common Area pursuant to a merger with a non-profit entity formed for purposes similar to the Association); e. using insurance proceeds for purposes other than reconstruction or repair of insured improvements; f. making capital expenditures (other than for repair or replacement of existing improvements) during any period of 12 consecutive months costing more than 20% of the annual operating budget for that period; g. termination of the Declaration or other termination of the planned unit development; or h. dissolution of the Association. 16.2.3. Notice Required for Material Amendment or Extraordinary Action. Written notice of any proposed Material Amendment or Extraordinary Action shall be delivered to each Member at least 30 days in advance of (1) any meeting at which such matter is to be discussed or (2) any action which is to be taken by written approval of the Members in lieu of a meeting. The notice shall state the purpose of the meeting or proposed written approval and shall contain a summary of any Material Amendment or Extraordinary Action to be considered. The notice shall also contain a copy of a proxy that can be cast in lieu of attendance at the meeting. If the Association hast or is planned to have, 250 Members or less - the quorum for any such meeting shall be no less than 20% of the total number of votes. If the Association hast or is planned to have, more than 250 Members but less than 1000 Members - the quorum for any such meeting shall be no less than 10% of the total number of votes. If the Association hast or is planned to have, more than 1000 Members - the quorum for any such meeting shall be no less than 5% of the total number of votes. The foregoing requirements are minimum requirements, however, more stringent requirements imposed elsewhere in this Declaration, or pursuant to applicable laws or regulations shall supersede the requirements contained in this Section and the Association shall be bound by such more restrictive requirements as if fully reproduced herein. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 0804996 p.m. -65- Ur, aOOK I"! H!:'r-(j....O<.: . M '- t \~... \", t, tJ PAGE 3709 0395 SEMINOLE CO. fL 16.2.4. Approval Required for Material Amendment or Extraordinary Action. Material Amendments and Extraordinary Actions may be approved by the Members, after receipt of notice as set forth above, either (1) by the affirmative vote of at least 67% of the Class A Members (i.e. all Members except the Declarant and any Builder who retain Class B or Class C status) who are present, in person or by proxy, and voting at the meeting called as described in the notice at which a quorum is present, and the vote of the Declarant, or (2) by the written consent of at least 67% of all Class A Members and the Declarant (if the Declarant then retains Class B status) to any action taken in lieu of a meeting. 16.2.5. Additional Approval Requirements. In addition to the approval of the Members and the Declarant set forth above, the following conditions shall apply: a. Any Material Amendment or Extraordinary Action that changes the rights of any specific class of Members (i.e. Class A; Class B; or Class C) must also be approved either (1) by the affirmative vote of at least 51 % of the Members of such Class who are present, in person or by proxy, and voting at a meeting called as described in the required notice at which a quorum of such Class of Members is present, or (2) by the written consent of at least 51 % of all Members of such Class to any action taken in lieu of a meeting. b. Any Material Amendment or Extraordinary Action proposed during the period in which the Declarant retains its Class B status must also be approved by the Federal Housing Administration ("FHA"), and the Department of Veterans Affairs ("V A") if any Unit within the Properties has been financed by a mortgage insured by FHA or guaranteed by VA. The Association shall deliver written notice of the proposed Material Amendment or Extraordinary Action to the FHA and VA simultaneously with its notice to the Members. If the FHA or V A fails to deliver written notice to the Association of its objection to the proposed Material Amendment or Extraordinary Action within 30 days after receipt of the notice, FHA and V A will be deemed to have approved the matters contained in the notice, and the Association shall be entitled to record an affidavit signed by an authorized officer averring that written notice was delivered to the FHA and V A and no objection was timely received from such agencIes. 16.2.6. Notice of Material Amendment or Extraordinary Action. Upon approval of a Material Amendment or Extraordinary Action, the Association shall record appropriate written notice thereof in the Public Records of Seminole County, G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev_wpd revised 080499 6 p.m. -66- J F Fie If\., ~ R E C. 0 Fi 8 S aoo~, PAGE 3109 D396 SEMINOLE CO. FL Florida, and take all such further action as may be prudent or necessary to implement and carry out the Material Amendment or Extraordinary Action. Section 16.3. Non-Material Amendments. The Association may amend this Declaration in regard to all matters, except those identified in Section 16.2 as "Material Amendments", in the following manner. 16.3.1. Amendments by Members - Notice Required for Non- Material Amendment. Written notice of any Non-Material Amendment proposed by the Board of Directors of the Association shall be delivered to each Member at least 30 days in advance of (1) any meeting at which such matter is to be discussed or (2) any action which is to be taken by written approval of the Members in lieu of a meeting. The notice shall state the purpose of the meeting or proposed written approval and shall contain a summary of any Non-Material Amendment to be considered. The notice shall also contain a copy of a proxy that can be cast in lieu of attendance at the meeting. If the Neighborhood Association has, or is planned to have, 250 Members or less - the quorum for any such meeting shall be no less than 20% of the total number of votes. If the Association has, or is planned to have, more than 250 Members but less than 1000 Members - the quorum for any such meeting shall be no less than 10% of the total number of votes. If the Association has, or is planned to have, more than 1000 Members - the quorum for any such meeting shall be no less than 5% of the total number of votes. The foregoing requirements are minimum requirements, however, more stringent requirements imposed elsewhere in this Declaration, or pursuant to applicable laws or regulations shall supersede the requirements contained in this Section and the Association shall be bound by such more restrictive requirements as if fully reproduced herein. 16.3.2. Approval Required for Non-Material Amendment by Members. Non-Material Amendments proposed by the Board of Directors pursuant to Subsection 16.3.1 may be approved by the Members, after receipt of notice as set forth above, either (1) by the affirmative vote of at least 51 % of the Class A Members (i.e. all Members except the Declarant and any Builder who retain Class B or Class C status) who are present, in person or by proxy, and voting at the meeting called as described in the notice at which a quorum is present, and the vote of the Declarant, or (2) by the written consent of at least 51 % of all Class A Members and the Declarant (if the Declarant then retains Class B status) to any action taken in lieu of a meeting. 16.3.3. Amendments by Declarant Without Consent by Members. During the period in which the Declarant retains the status of the Class "B" Member, Declarant shall have the right to amend this Declaration, without the necessity of consent G:\legallA VS\Orlando\Parkslone\080499 prksln deer irrig rev.wpd revised 080499 6 p.m. -67- UFf h.dAL RECORDS , BOOK PAGE ,3109 0391 SEMINOLE CO. fL or joinder by Owners or any other persons or entities, to make nonsubstantial changes that do not materially or adversely affect the interests of other Owners or other affected parties, and to clarify any ambiguities or conflicts, or correct any scriveners' errors in this Declaration. No approval by the Association or by any Member shall be required for Declarant to amend this Declaration pursuant to this Subsection 16.3.3. Declarant agrees to provide copies of any such amendments to the City Commission of the City of Winter Springs for its review. 16.3.4. Notice of Non-Material Amendment. Upon approval of a Non-Material Amendment by the Members pursuant to Subsection 16.3.2, or delivery of notice of amendment by Declarant pursuant to Subsection 16.3.3, the Association shall record appropriate written notice thereof in the Public Records of Seminole County, Florida, and take all such further action as may be prudent or necessary to implement and carry out the Non-Material Amendment. Section 16.4. Assignment of Rights and Duties. Any and all of the rights, powers and reservations of the Association and Declarant may be assigned to any person, corporation or association which will assume the duties of the Association or Declarant pertaining to the particular rights, powers and reservations assigned. Upon such assignee evidencing its consent in writing to accept such assignment and assume such duties, he or it shall to the extent of such assignment have the same rights and powers and be subject to the same obligations and duties as are herein given to and assumed by the Association or Declarant. Further, the Association or Declarant may from time to time delegate any and all of its rights, powers, discretion and duties hereunder to such agent or agents as it may nominate. Section 16.5. Municipal Service Taxing Units. In order to perform the services contemplated by this Declaration, the Association or Declarant, in conjunction with Seminole County, Florida and the City of Winter Springs, may seek the formation of special purpose municipal service taxing units (IMSTUs"). The MSTUs will have responsibilities defined in their enabling resolutions which may include, but are not limited to, maintaining roadway informational signs, traffic control signs, benches, trash receptacles and other street furniture, keeping all public roadways and roadside pedestrian easements clean of windblown trash and debris, mowing, payment of electrical charges, maintenance of drainage canals, ponds and structures, maintenance of designated landscape areas, payment of energy charges for street and pedestrian lighting, and other services benefitting the Properties. In the event such MSTUs are formed, the Properties will be subject to assessment for the cost of services performed within the MSTU and personnel working for or under contract with Seminole County shall have the right to G:\LegaIlAVS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -68- 'Jt. . .;IAL RECORDS aOOK PAGE' 3709 0398 SEMINOLE' CO. Fl enter upon lands within the Properties to affect the services contemplated. Each Owner by acquiring lands within the Properties agrees to pay each and every MSTU assessment imposed upon the Owner's land in a timely manner, failing which such assessments and special charges shall be a lien upon those lands. The Association retains the right to contract with Seminole County to provide the services funded by the MSTUs. Services performed by an MSTU that would otherwise be performed by the Association and for which the MSTU imposes assessments on the Owners shall be removed from the Association's budget and the Board shall reduce the Annual Maintenance Assessment accordingly. Section 16.6. Enforcement. Enforcement of these covenants, conditions and restrictions shall be by any proceeding at law or in equity and may be instituted by Declarant, its successors or assigns, the Association, its successors or assigns, or any Owner against any person or persons violating or attempting to violate or circumvent any covenant, condition or restriction, either to restrain violation or to recover damages, and to enforce any lien created by these covenants; and failure by the Association or any Owner or Declarant to enforce any covenant, condition or restriction herein contained for any period of time shall in no event be deemed a waiver or estoppel of the right to enforce same thereafter. Further, the Association shall have the right of self help to cure any violations that remain uncured after any required notice is given. If the Association elects to commence enforcement proceedings after delivery of notice thereof to any Owner in violation hereof, and incurs any expenses in the commencement of such proceedings, the Association shall prosecute such enforcement proceedings to conclusion notwithstanding subsequent voluntary compliance by the Owner until the Association shall have recovered its expenses from such Owner. Section 16.7. Severability. Should any covenant, condition or restriction herein contained, or any Article, Section, subsection, sentence, clause, phrase or term of this Declaration be declared to be void, invalid, illegal, or unenforceable, for any reason, by the adjudication of any court or other tribunal having jurisdiction over the parties hereto and the subject matter hereof, such judgment shall in no way affect the other provisions hereof which are hereby declared to be severable and which shall remain in full force and effect. Section 16.8. Interpretation. The Board shall have the right except as limited by any other provisions of this Declaration or the Bylaws to determine all questions arising in connection with this Declaration and to construe and interpret its provisions, and its good faith, determination, construction or interpretation shall be final and binding. In all cases, the provisions of this Declaration shall be liberally construed to effectuate its G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -69- JfflC. BOOK i~EC:OKOS - PAGE 3109 0399 SEHINOLE co. fL purpose of creating a uniform plan for the maintenance of Common Areas and the facilities located thereon. Section 16.9. Disposition of Common Property on Termination of Declaration. Should the Members of the Association vote not to renew and extend this Declaration as provided for herein, all Common Property owned by the Association at such time shall be transferred to another association or appropriate public agency having similar purposes. If no other association or agency will accept such property then it will be conveyed to a Trustee appointed by the Circuit Court of Seminole County, Florida, which Trustee shall sell the Common Property free and clear of the limitations imposed hereby upon terms established by the Circuit Court of Seminole County, Florida. That portion of the Open Space or Common Property consisting of the Surface Water and Storm Water Management System cannot be altered, changed or sold separate from the lands it serves except that Declarant shall be obligated to and shall convey that portion of the Open Space consisting of the Surface Water and Storm Water Management System to the Association upon completion and approval of such system by all applicable governmental authorities. The proceeds of such a sale shall first be used for the payment of any debts or obligations constituting a lien on the Common Property, then for the payment of any obligations incurred by the Trustee in the operation, maintenance, repair and upkeep of the Common Property. The excess of proceeds, if any, from Common Property shall be distributed among Owners in a proportion which is equal to the proportionate share of such Owners in Common Expenses. Section 16.10. Execution of Documents. The approved plan for the development of the Properties may require from time to time the execution of certain documents required by governmental authorities. To the extent that said documents require the joinder of Owners, Declarant by its duly authorized officers may, as the agent or the attorney-in-fact for the Owners, execute, acknowledge and deliver such documents and the Owners, by virtue of their acceptance of deeds, irrevocably nominate, constitute and appoint Declarant, through its duly authorized officers, as their proper and legal attorneys- in-fact for such purpose. Said appointment is coupled with an interest and is therefore irrevocable. Any such documents executed pursuant to this Section shall recite that it is made pursuant to this Section. Section 16.11. Indemnification. The Association shall indemnify every officer, director, and committee member against any and all expenses, including counsel fees, reasonably incurred by or imposed upon such officer, director or committee member in connection with any action, suit, or other proceeding (including settlement of any suit or proceeding, if approved by the then Board) to which he or she may be a party by reason G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig revwpd revised 080499 6 p.m. -70- Jr ";iA~ RECORDS BOOK PAGE, ,3109 0400 SEMINOLE CO. FL of being or having been an officer, director, or committee member. The officers, directors, and committee members shall not be liable for any mistake of judgment, negligent or otherwise, except for their own individual willful misfeasance, malfeasance, misconduct, or bad faith. The officers and directors shall have no personal liability with respect to any contract or other commitment made by them, in good faith, on behalf of the Association (except to the extent that such officers or directors may also be Members of the Association), and the Association shall indemnify and forever hold each such officer and director free and harmless against any and all liability to others on account of any such contract or commitment. Any right to indemnification provided for herein shall not be exclusive of any other rights to which any officer, director, or committee member, or former officer, director, or committee member may be entitled. The Association shall, as a Common Expense, maintain adequate general liability and officers' and directors' liability insurance to fund this obligation, if such insurance is reasonably available. Section 16.12. Prohibited Actions. Notwithstanding anything contained herein to the contrary, the Association will perform no act nor undertake any activity which will violate its non-profit status under applicable state or federal law. Section 16.13. Singular, Plural and Gender. Whenever the context so permits, the use of the singular shall include the plural and the plural shall include the singular, and the use of any gender shall be deemed to include all genders. Section 16.14. Construction. The provisions of this Declaration shall be liberally construed to effectuate its purpose of creating a uniform plan for the operation of the Property . Section 16.15. Conflicts. In the event of conflict between the terms of this Declaration and any Bylaws, rules, regulations or Articles of Incorporation of the Association, this Declaration shall control. Section 16.16. Partial Invalidity. The invalidation of anyone of these covenants by judgment or court order shall in no way affect any of the other provisions, which shall remain in full force and effect. ARTICLE 17 PROVISIONS FOR THE BENEFIT OF THE CITY OF WINTER SPRINGS G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. -71- Jff It:-. BOOK "";.0"'0. ~ _ !\'-'-' I' v PAGE 3109 0401 SEHINOLt co. fL The following provisions have been required by the City of Winter Springs as a condition of approval of the Plat. Section 17.1. Rights of City of Winter Springs; Violations of Statutes. Laws. Ordinances. Codes and Regulations. Declarant hereby authorizes the City of Winter Springs to enforce the provisions of Article 7, Sections 7.1,7.6,7.7,7.8, 7.9 and Subsection 7.11.4; Article 9, Sections 9.2 and 9.8; Article 10, Sections 10.1 and 10.2; Article II, Section 11.3; all of Article 12; all of Article 13; and all of this Article 17, as a third party beneficiary of such provisions. Notwithstanding any covenant, condition, easement or restriction established herein to the contrary, all Owners shall comply with all applicable laws, statutes, ordinances, regulations and codes affecting the Lots, and no Owner shall have the right to violate any applicable law, statute, ordinance, regulation or code. Section 17.2. Declarant's Obligation to Comply with City Requirements. Notwithstanding anything contained in Article 7, Section 7.1; Article 11, Section 11.3; Article 12, Sections 12.4, 12.29 and 12.30, or elsewhere herein to the contrary, the Declarant, or its successors or assigns who assume responsibility for development of the Property, shall comply with the conditions for development established by the City of Winter Springs, including, but not limited to, creation of all landscape buffers, vegetative buffers and Common Area improvements required by the City, and compliance with all zoning ordinances and sign ordinances. These matters, and others, are governed by ordinances, codes or regulations of the Governmental Authorities having jurisdiction of the Property, or are contractual between the Declarant and the City, and this provision does not (1) constitute any warranty or representation by the Declarant to any Owner or to the Association, (2) make the Association or any Owner a third party beneficiary of any commitments or agreements between the City and Declarant, (3) create any private right of enforcement for the benefit of the Association or any Owner, or (4) otherwise amend, modify or affect any applicable agreement, order, ordinance, code or regulation. Complaints by Owners or by the Association alleging violations of City ordinances, codes, requirements or regulations shall be addressed to the City of Winter Springs or other appropriate Governmental Authority, and shall not be presented to the Board of Directors. Unless the lands involved are Common Property that has been conveyed to the Association by the Declarant pursuant to this Declaration, the Association shall not intervene in any dispute involving the City and the Declarant concerning development of the Property or com pliance with City ordinances, codes, regulations or agreements to which the Association is not a party. Section 17.3. Owners' Obligation to Comply with City Requirements. Notwithstanding anything contained in Article 10, Section 10.1; Article 11, Section 11.3; or G:\Legal\A VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 0804996 p.m. - 72- Jr- r- . ..... I .) 1 t r l'vIM~ BOOK · 'OuO' . c..... J\ v PAGE 3109 0402 SEMINOLE. CO. fL Article 12, Sections 12.1 through 12.30, or elsewhere herein to the contrary, all Owners shall comply with the ordinances, codes and regulations of the City of Winter Springs as applicable to ownership, use and maintenance of their Units, including, but not limited to, compliance with all zoning ordinances and sign ordinances. These matters, and others, are governed by ordinances, codes or regulations of the Governmental Authorities having jurisdiction of the Property, and this provision does not (1) constitute any warranty or representation by any Owner to the Declarant or to the Association, (2) make the Association or Declarant a third party beneficiary of any rights of the City, (3) create any private right of enforcement for the benefit of the Association or the Declarant, or (4) otherwise amend, modify or affect any applicable agreement, order, ordinance, code or regulation. Complaints by the Declarant or by the Association alleging violations of City ordinances, codes, requirements or regulations shall be addressed to the City of Winter Springs or other appropriate Governmental Authority, and shall not be presented to the Board of Directors. Unless the lands involved are Common Property that has been conveyed to the Association by the Declarant pursuant to this Declaration, the Association shall not intervene in any dispute involving the City and an Owner concerning compliance with City ordinances, codes, regulations or agreements to which the Association is not a party. Section 17.4. City Ordinance Conceming Political Signs. According to the Land Development Coordinator of the City of Winter Springs, the following language is contained in Section 16-80 of the City Code, and such Code is in effect and applies to the Units to be developed on the Property as of the date of recording this Declaration: "Political signs may be erected as individual candidates qualify. Signs may remain erected unit (sic) [until?] forty-eight (48) hours after the last election in which the candidate is entered. Each sign ......, except on developed residential lots each sign shall not exceed six (6) square feet in area." (sic) Nothing contained in Article 12, Section 12.4 shall be deemed to authorize any Owner to violate the provisions of the City Code or other applicable ordinances or regulations of the Governmental Authorities concerning political signs. In the event of a conflict between the terms and conditions of this Declaration, as it may be amended from time to time, and any City Code, ordinance or regulation as they may be amended from time to time, all Owners by acceptance of a deed to their Unit are deemed to agree that the more restrictive conditions (either the Declaration or the City Code, ordinance or regulation) shall take precedence over any less restrictive conditions. G:\LegallA VS\Orlando\Parkstone\080499 prkstn deer irrig rev.wpd revised 080499 6 p.m. - 73- . ijFF IClt aOOK U:':C:OROS PAGE 3,09 0403 SEMINOLE CO. FL IN WITNESS WHEREOF, the Declarant has caused this instrument to be executed on its behalf as of this ~ day of '-:Y \,<.-y> e I 19 ? 9. WITNESS DECLARANT S~~L :J'jl.l Sc.LL",~--r;-/ CO . \..,D~~jJ-'\. CO . \~c\u)r,( ~ CENTEX HOMES, a Nevada general partnership By: Centex Real Estate Corporation, a Nevada corporation, its managing general partner ePera, Division President STATE OF FLORIDA ~ COUNTY OF SEMINOLE ~ The foregoing instrument was acknowledged before me this 'd.\.\.~" day of ~,");"e I 193I1, by Gregory L. LePera, Division President of Centex Real Estate Corporation, a Nevada corporation, managing general partner of Centex Homes, a Nevada general partnership, who is personally known to me, or who produced a valid Florida driver's license as identification, and did not take an oath. S.WC10J~~ Notary Public, State of Florida Notary's Name Printed: My Commission Expires: ,.'$.9.\:'ft.~o S. WOODWORTH ~:( ~.; :.~ MY COMMISSION # CC 579327 <.J.i~~~' EXPIRES: September 20, 2000 '.,9r.,r,(," Bonded TI1ru Notary Public Underwrlt8rs 9 :\legal\dccr\prkstn6. dcr revised 61599 -75- '~ Jft ,CIA:" RECORDS, BOOK PAGE 3109 0404 SEMINOLE. CO. FL EXHIBIT" A" DESCRIPTION OF PROPERTY SUBJECTED TO THE PROVISIONS OF THIS DECLARATION Lots 1 through 142, both inclusive, and Tracts E, F, H, I, J, K and L of Parkstone, Unit I, a subdivision of the City of Winter Springs, Florida, according to the Plat thereof recorded in Plat Book e;(., , Pages_ \l- 'l.t of the Public Records of Seminole County, Florida. ) >0) 487-60"13 06/24/99 10: Fl Dept of State pI /2 EXHIBIT".B " "~H~~~HHHH~~HHH~HH.~H~ ..~ f ~ ~ .~~ te 0 _,.JJ I, H .~ ~ta .,,- ~- ~.... Orilla B ~ ~ B ~ ~ .~ ~ ~ B .~ jrpartmrnt of t;tatr ~ ~ ~ 'Y{5 ~ !~ I certify the attached is a true and correct copy of the Amended and ~ ~ Restated Articles of Incorporation, filed on June 24, 1999, for PARKSTONE ~ .~ COMMUNITY ASSOCIATION, INC., a Florida corporation, as shown by the ~ ~ records of this office. ~ ,~ I further certify the document was electronically received under FAX aUdit~Bg ~ number H99000014598. This certificate is issued in accordance with ~~ ~~8 section 15.16, Florida Statutes, and authenticated by the code noted below~~B~ ~ ~ ~ The document number of this corporation is N98000003689. ~ ~ Given under my hand and the ~ .~ Great Seal of the State of Florida, ~ ~ at Tallahassee, the Capital, this the ~ ~ Twenty-fourth day of June, 1999 ~~~~ .~ Authentication Code: 099A00033611-062499-N98000003689-1/1 ~ ~ ~ ~ ~ .~ 0 I ~ .~ ~ ~ I~ ;~ ~ .'~ i :JC.~ :#4' ,>'.5 ,~ ~", co~.;; ~ ~ ~tllerilte ~urri5 ~ }I CR2E022 (1-99) c~~hcrpfHrlJ of~hxtt' ~ ~~K~~~~~~~~~~~~~~~~~~ EXHIBIT. B I.CONTINUED H990000145989 AMENDED AND RESTATED ARTICLES OF INCORPORATION OF PARKSTONE COMMUNITY ASSOCIATION, INC., a Florida corporation, Not-for-Profit Whereas, the original Articles of Incorporation ofthe Association were filed, and the Certificate of Incorporation was issued by the Secretary of State of Florida on June 24, 1998, under document number N98000003689 and Whereas, the Directors of the corporation are Greg LePera, Mike Kane and Dan Kaiser, and Whereas, on the date of execution of these Amended and Restated Articles of Incorporation the sole owner of all of the lands made subject to the Association and the sole Member of the Association is Centex Homes, a Nevada general partnership, acting herein by and through its managing general partner, Centex Real estate Corporation, a Nevada corporation, and U) ....... o U) 00< O' O' ?l:' 1 (/) f'Tl Whereas, the Board of Directors and sole Member of the Association desire to~ amend and restate the Articles of Incorporation to change the names and addresses of the 5 principal office of the corporation, and to provide additional information and governance ~ to the corporation, now g ..., Therefore, the Association, acting herein through its duly appointed Board of .- Directors, and joined by the sole Member, hereby adopts the following Amended and Restated Articles of Incorporation. C) .s:-~ o G) CJ'\fT1 In compliance with the requirements of Chapter 617, Florida Statutes, the undersigned persons do hereby make, subscribe and acknowledge that they have voluntarily associated thewselves together for the purpose of forming a corporation not- for-profit, the articles of incorporation of which read as follows. All capitalized words or phrases used herein shall have the meanings herein ascribed, and if not defined in this Burgess N, Trank, Jr. Centex Homes 385 Douglas Avenue, Suite 1000 Altamonte Springs, FL 32714 H990000145989 1 EXHIBIT U B U.CONTINUED H990000145989 instrument, such capitalized words or phrases shall have the meanings given in the Declaration of Covenants, Conditions and Restrictions for Parkstone, hereinafter identified. ARTICLE I NAME The name of the corporation is Parkstone Community Association, Inc., hereinafter referred to as the "Association" or the "Community Association". ARTICLE II PRINCIPAL OFFICE " The principal office ofthe Association is located at 385 Douglas Avenue, Suite 2000, Altamonte Springs, Florida, 32714. ARTICLE III REGISTERED OFFICE AND REGISTERED AGENT The registered office of the Association shall be at 385 Douglas Avenue, Suite 2000, ~ Altamonte Springs, Florida, 32714, with the privilege of having its office and branch offices at other places within or without the State of Florida. The registered agent at that address shall be CENTEX REAL ESTATE CORPORATION (herein referred to as "Centex"). ARTICLE IV PURPOSE AND POWERS OF THE ASSOCIATION This Association does not contemplate pecuniary gain or profit to the members thereof, will make no distribution of income to its members, directors or officers and the specific purposes for which it is formed are to provide for the ownership, operation, maintenance and preservation of the Common Area, Common Maintenance Areas, and for the maintenance and improvement of any easements granted to the Association within the H990000145989 2 (fl fT\ :t % o r- ~ (") o w ...... ale C)-T 0 0"" '-.0 ~~ :; ; - ~ . C) { -Vi .- ~: 0 G>' ~ -J CXHIBIT II B U.CONThqUED H990000145989 lands identified as Parkstone (the "Association Properties ") pursuant to that certain Declaration of Covenants, Conditions and Restrictions for Parkstone, recorded in the Public Records of Seminole County, Florida, (hereinafter called the "Declaration"), and such additional properties as may be added thereto from time to time by annexation or otherwise as provided in the Declaration and in these Articles. The Association is formed to promote the health, safety and welfare of its members and the residents within the Association Property and any additions thereto as may hereafter be brought within the jurisdiction of this Association, and to: (a) Exercise all of the powers and privileges and to perform all of the duties and obligations of the Association as set forth in the Declaration which is hereby incorporated into this instrument as is fully reproduced herein; (b) Fix, levy, collect and enforce payment of, by any lawful means, all charges or assessments pursuant to the terms of the Declaration; to pay all expenses in connection therewith and all office and other expenses incident to the conduct of the business of the Association, including all licenses, taxes or governmental charges levied or imposed against the property of the Association; (c) Acquire (by gift, purchase or otherwise), own, hold, improve, build upon, operate, maintain, convey, sell, lease, transfer, dedicate for public use or otherwise dispose of real or personal property in connection with the affairs of the Association; (d) Borrow money, and with the assent of two-thirds (2/3) of the votes of each class of Members, mortgage, pledge, deed in trust, or hypothecate any or all of its real or personal property as security for money borrowed or debts incurred; (e) Dedicate, sell or transfer all or any part of the Common Area to any Public Agency or authority or utility for such purposes and subject to such conditions as may be agreed to by the Members. Such dedication or transfer shall only be effective with the assent of two-thirds (2/3) of the votes of each class of Members, agreeing to such dedication, sale or transfer; (f) Participate in mergers and consolidations with other not-for-profit corporations organized for the same purposes or annex additional residential property and Common Area, provided that any such merger, consolidation or annexation shall have the assent of two-thirds (2/3) of the votes of each class of Members; and H990000145989 3 CoA) ....! 014 (.I) O' (T\ <:) 0" :t \.0 ~ % 0 r ...... (") C) 0 '1 ." .::- ): 0 G r- r- eo l:XH1BIT II B li-CONTIj\jJcU H990000145989 (g) Purchase, lease, hold, sell, mortgage or otherwise acquire or dispose of interests in, real or personal property, except to the extent restricted hereby; to contract for the management and maintenance of the Common Area and Common Maintenance Areas and to authorize a management agent to assist the Association in carrying out its powers and duties by performing such functions as the submission of proposals, collection of assessments, preparation of records, enforcement of rules and regulations, repair and replacement of the Common Area and Common Maintenance Areas with funds as shall be made available by the Association for such purposes. The Association and its officers shall, however, retain at all times the powers and duties granted by the Declaration, including but not limited to the making of assessments, promulgation of rules and execution of contracts on behalf of the Association; (h) Have and to exercise any and all powers, rights and privileges which a corporation organized under the corporation not.for profit law of the State of Florida, by law may now or hereafter have to e?<ercise. i ARTIC~E V w ....... o \D OJ'~ 0"'" 0-" ~- ("': ~ r- (f) rn ;E Section 5.1 Every Owner of a Lot or Unit within the lands subjected to ~ Declaration (as defined in the Declaration), including Declarant and any Builders, shall ~ a Member ofthe Association. Memberships in the Association shall be appurtenantto ang may not be separated from ownership of any Lot or Unit. :." r- MEMBERSHIP C) ~ o \J) - ... f"1 (- -oc l>;: oc r"l(, Section 5.2 There shall be three (3) classes of Members as follows: (a) Class A Members. Class A Members shall be all Owners with the exception of Declarant and any Builders. (b) Class B Members. The Class B Member shall be Declarant or its specifically designated (in writing) successor who shall remain a member so long as it owns a Lot or Unit subject to the Declaration; provided that the Class B membership shall cease and be converted to Class A membership as set forth in Section 6.3 hereof. H990000145989 4 EXHIBIT II B II.CONTINUED H990000145989 (c) Class C Members. The Class C Members shall be all Builders, except the Declarant, owning Units or Lots subject to the Declaration; provided that the Class C membership shall cease and be converted to Class A membership as set forth in Section 6.3 hereof. ARTICLE VI VOTING RIGHTS Section 6.1. Members of the Association shall be allocated votes as follows: Class A. Each Class A Member shall be entitled to one vote for each Lot or Unit owned. For the purposes of determining voting rights, each Lot or Unit owned by a Class A Member shall be deemed entitled to one (1) vote regardless of the number of persons sharing common ownership interests. Class B. The Class B Member shall be allocated three (3) votes for each Lot or Unit owned by it within the Association Property; provided, that at such time as ~ Class B membership shall cease and become converted to Class A membership as setfor~ in Section 6.3, the Declarant shall have one vote for each Unit or Lot owned by it within t~ Association Property. ,...., ("'") o , . . Class C. Class C Members shall have one (1) vote for each Lot or Unit the~ own in the Association Property; provided, that at such time as the Class C membership shall cease and become converted t<;> Class A membership as set forth in Section 6.3, the Builders shall have one vote for each Unit or Lot owned by it within the Association Property . W -...I <:::) \D o .. O.lc.; 0"" 0"" ::J:.n >> r -;:J fT' C \lC J>:X C>C ~u - c Section 6.2. When any Unit or Lot is owned of record in the name of two or more persons or entities, whetl;1er fiduciaries, joint tenants, tenants in common, tenants in partnership, or in any other manner of joint or common ownership, or if two or more persons or entities have the same fiduciary relationship respecting the same property, then unless the instrument or order appointing them or creating the tenancy otherwise directs and it, or a copy thereof, is filed with the secretary of the Association, such Owner shall select one official representative to qualify for voting in the Association and shall notify in H990000145989 5 i:XH1l3lT II 13 i,. GONlll~U I:.LJ H990000145989 writing the Secretary of the Association of the name of such individual. The vote allocated to any Unit or Lot (including Units or Lots owned by the Declarant or a Builder) may not be divided or cast in any fraction, and the vote of each official representative shall be considered to represent the will of all the Owners of that Lot or Unit. If the Owners fail to designate their official representative, then the Association may acceptthe person asserting the right to vote as the voting Owner until notified to the contrary by the other Owner(s). Upon such notification no affected Owner may vote until the Owner(s) appoint their official representative pursuant to this paragraph. Section 6.3. The Declarant's Class B membership status shall continue, and shall be in effect, during the period from the inception of the Declaration until either (1) seven (7) years from the date the Declaration is recorded; or (2) five (5) years after the date of recording of the last Supplemental,Declaration annexing additional property into this Association, whichever event, (1) or (2) occurs, Jater; or (3) upon recording of a voluntary written notice executed by the Declarant or its duly authorized successor or assignee electing to convert its Class B status to Class A; or (4) if the Declarant's Class B membership status in the Association as described in the Declaration has been converted to Class A, then, ninety (90) days after the conveyance of the Unit within this Association to a Class A Member that causes the total number of votes held by all Class A Members of this Association to equal the number of votes in this Association held by the Class B Memb~ whichever event, (1), (2), (3) or (4), occurs first; provided however, that if Class B status ~ converted to Class A pursuant to clause (4) and, subsequent to such event, the Declara~ annexes additional Lots to this Community Association which annexation causes th{f num ber of Lots or Units owned by the Declarant to exceed twenty-five percent (25 % ) of th~ total num ber of Lots and Units within all Association Property, Declarant's Class B statuS"'l shall be restored as to all Lots and Uruts then owned by Declarant, and shall continue untif the next occurrence of an event of conversion described above. UJ -J o \D CP~ o-M 0-'- ~- c-: >: r' o .t::"' ". r ( ~( ~: C')l rTl' - - Section 6.4. The Declarant shall have the right to partially assign its status as Declarant and Class B Member by recorded instrument executed by the original Declarant and acknowledged and accepted by the assignee Declarant to any person or entity acquiring any portion of the Property, or adjacent lands eligible for annexation into the Property, for the purpose of development of a residential subdivision, and any such assignee shall thereafter be deemed to be the peclarant as to the Lots or Units owned by such person or entity, and shall have the right to exercise all of the rights and powers of the Declarant as to such Lots and Units, while, at the same time, the original Declarant shall continue to exercise the rights and powers of the Declarant as to all Lots and Units owned H990000145989 6 EXHIBIT II B II.CONTINUED H990000145989 by such original Declarant. If any action of the Association, requires the approval, consent or vote of the Declarant, and the original Declarant has partially assigned its rights as Declarant to others pursuant to this paragraph, the consent or vote of all such Declarants shall be required to satisfy the requirement of consent by the Declarant. ARTICLE VII BOARD OF DIRECTORS Section 7.1 The names and addresses ofthe members ofthe Board of Directors who shall hold office until the annual meeting of the members and until their successors are elected or appointed and have qualified, are as follows: Mike Kane , ADDRESS W 385 Douglas Avenue" Suite 2000, U> -.J C1C tT1 C) O"Tl Altamonte Springs, Florida 32714 :r 0" \.0 A- :z: 0 0 1> 385 Douglas Avenue" Suite 2000, r r I'T! Altamonte Springs, Florida 32714 (") :::u rT1 0 0 ('") ";Tf .z:- -uo l>~ 385 Douglas Avenue" Suite 2000, r - Po. N "1(1) Altamonte Springs, Florida 32714 NAME Greg LePera Dan Kaiser Section 7.2 The affairs of the Association shall be managed by a Board of Directors as provided in and subject to the requirements of Article IV the Bylaws. Such Board of Directors shall consist of an odd number of directors with a minimum of at least three (3) directors and a maximum of no more than seven (7) directors. Directors need not be Members of the Association and need not be residents of the Association Property. Each Director shall serve for a term from the date of the meeting at which he is elected until the next annual meeting subject to the provisions governing resignation, death, disability, removal and replacement set forth in the Declaration, Bylaws and this instrument. ARTICLE VIII AMENDMENTS H990000145989 7 EXHiBIT II 13 II-CONT1NUtiD H990000145989 Section 8.1 Proposal. An amendment or amendments to these Articles of Incorporation may be proposed by the Board of Directors of the Association acting upon a vote of the majority of the Directors, or by a majority of the Members of the Association, whether meeting as Members or by instrument in writing signed by them. Upon any amendment or amendments to these Articles of Incorporation being proposed by the Board of Directors or Members, such p.roposed amendment or amendments shall be transmitted to the President of the Association, or the acting chief executive officer in his absence, and a Meeting of the Members of the Association shall be called not later than sixty (60) days from the receipt by him of the proposed amendment or amendments. Section 8.2 Notice. It shall be the duty of the Secretary to give each Member written notice of such meeting, stating the proposed amendment or amendments in reasonably detailed form, which notice shall be prepared by and at the expense of the Community Association and mailed by the Community Association or presented personally to each Member not less than thirty (30) days nor more than sixty (60) days before the datesetfor W the meeting. If mailed, such notice shall be deemed to be properly given when deposites., -.1 in the United States mail, addressed to the Member at his post office address as it appea~ 0 on the records of the Association, with postage thereupon prepaid. Any Member J;l1ay, b)t:. \.0 written waiver of notice signed by such Member, waive such notice, and such waiver whe:? rn filed in the records of the Community Association, whether before, during or after th~ holding of the meeting, shall be deemed equivalent to the giving of such notice to suc!!? ~ Member. The notice shall also contain a copy of a proxy that can be cast in lieu of] c'_ attendance at the meeting. If the Community ,Association has, or is planned to have, 250 c.w- Members or less - the quorum for any such meeting shall be no less than 20% of the total number of votes. If the Community Association has, or is planned to have, more than 250 Members but less than 1000 Members - the quorum for any such meeting shall be no less than 10% of the total number of votes. If the Community Association has, or is planned to have, more than 1000 Members - the quorum for any such meeting shall be no less than 5% of the total number of votes. The foregoing requirements are minimum requirements, however, more stringent requirements imposed elsewhere in these Articles of Incorporation or in the Declaration, or pursu~nt to applicable laws or regulations shall supersede the requiremenf$ contained in this S~ction and the Association shall be bound by such more restrictive requirements as if fully reproduced herein. we 0"" 0"" ~c= ::t; r ::: ~ '= -0:: J;>>;; ClC rq~ Section 8.3 Resolution. At the meeting at which the amendment is to be proposed and considered, a resolution for the adoption of the proposed amendment may be made by any member of the Board of Directors of the Association, or by any Member of the H990000145989 8 EXH,OI (l' 73 ". ~ONT'INul:D H990000145989 Association, present in person or by proxy. The approval of a resolution for the adoption of a proposed amendment to these Articles of Incorporation shall require the affirmative vote of a majority of the members of the Board of Directors of the Association. Section 8.4 Approval. Amendments may be approved by the Members, after receipt of notice as set forth above, either (1) by the affirmative vote of at least 67% of the Class A Members (Le. all Members except the Declarant and any Builder who retain Class B or Class C status) who are present, in person or by proxy, and voting at a meeting called as described in the notice and conducted by the Community Association at which a quorum is present, and the vote of the Declarant, or (2) by the written consent of at least 67% of all Class A Members and the Declarant (if the Declarant then retains Class B status) to any action taken in lieu of a meeting. In addition to the approval of the Members and the Declarant set forth above, the following conditions shall apply: a. Any Material Amendment or Extraordinary Action (as defined in the Declaration) that changes the rights of any specific class of Members (Le. Class A; Class B; or Class C) must also be approved either (1) by the affirmative vote of ah least 51 % of the Members of such Class who are present, in person or by proxy, and votin~ at meetings called as described in the required notice at which a quorum of such Class ~ Members is present, or (2) by the written consent of at least 51 % of all Members of suc~ Class to any action taken in lieu of a meeting. n o --n b. Any Material Amendment or Extraordinary Actiorr proposed during the period in which the Declarant retains its Class B status must also be approved by the Federal Housing Administration ("FHA"), and the DepartmE!nt of Veterans Affairs ('IV A") if any Unit within the Property has been financed by a mortgage insured by FHA or guaranteed by VA. The Association shall deliver written notice of the proposed Material Amendment or Extraordinary Action to the FHA and VA simultaneously with its notice to the Members. 'If the FHA or VA fails to deliver written notice to the Association of its objection to tl1e proposed Material Amendment or Extraordinary Action within 30 days after receipt of the notice, FHA and VA will be deemed to have approved the matters contained in the notice, and the Association shall be entitled to record an affidavit signed by an authorized officer averring that written notice was delivered to the FHA and V A and no objection was timely received from such agencIes. c.-:> ..;.J o u:) mc o~ 0"" =^C= J; r- o .s:- " ~ . ( -0:: J;l-; CH rn< ...- - H990000145989 9 EXHiBiT II ,8 Ii-CONTINUED H990000145989 Notwithstanding the foregoing, during the period in which the Declarant retains the status of the Class "B" Member, the Declarant shall have the right to amend these Articles of Incorporation, without the necessity of joinder by the Members or any other persons or entities, to make nonsubstantial changes that do not materially or adversely affect the interests of other Members or other affected parties, and to clarify any am biguities or conflicts, or correct any scriveners' errors in these Articles of Incorporation. Section 8.5 Limitation. No amendment shall make any changes in the qualification for membership nor in the voting rights or property rights of Members, nor any changes in the provisions of Article N hereof, without approval of sixty-seven percent (67%) of the votes of each class of Members and the joinder of all Eligible Holders (as defined in the Declaration) of mortgages upon Units. No amendment shall be made that is in conflict with the Declaration, nor shall any amendment 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 the Declarant, or the designated successor of the Declarant, unless the Declarant or such successor shall join in the execution of the amendment. (n Section 8.6 Recording. Any amendment or amendments of these Articles oft. Incorpora tion shall be transcribed and certified in such form as may be necessary to file theS same in the office of the Secretary of State of the State of Florida. A certified copy of each~ amendment of these Articles of Incorporation shall be recorded in the Public Records ofg Seminole County, Florida, within thirty (30) days from the date on which the same is filed :." and returned from the office of the Secretary of State. .- W -.J o \.0 WC o-n C> ." ::Y.(=3 J;> r- o .r:- .0"- r'" C "'tl~ ~;: c;")c rot. c.n ARTICLE IX OFFICERS The affairs of the Association will be administered by the officers designated in the Bylaws of the Association. Said officers will be elected by the Board of Directors at its first meeting following the annual meeting of Members of the Association and will serve atthe pleasure of the Board of Djrectors. The names and addresses of the Officers who are to manage the affairs of the Association until the annual meeting of the Board of Directors and until their successors are duly elected and qualified are: PRESIDENT - Greg LePera VICE PRESIDENT - Mike Kane H990000145989 10 EXHiBiT II P li.CONTINUEO H990000145989 SECRETARY/TREASURER - Dan Kaiser ARTICLE X INDEMNIFICATION Section 10.1 IndemnihJ. The Association shall indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative, or investigative, by reason of the fact that he is or was a Director, employee, officer or agent of the Association, against expenses (including attorneys fees and appellate attorneys' fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with such action, suit or proceedings, if he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interest of the Association, and, with respect to any criminal action or proceedings, has no reasonable cause to believe his conduct was unlawful, except that no indemnification shall be made in respect of any claim, issue or W matter as to which such person shall have been adjudged to be liable for gross neglige~ -.J or misfeasance or malfeasance in the performance ~f his duty to the Association, unless a~ ~ only to the extent that the Court in which such action or suit was brought shall determi~ upon application that despite the adjudication of liability, but in view of all of t~ circumstances of the case, such person is fairly and reasonably entitled to indemnity f~ 0 such expenses which such Court shall deem proper. The termination of any action, suit [if ~ proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendre <iP - its equivalent shall not, of itself, create a presumption that the person did not act in good C1' faith and in a manner which he reasonably believed to be in or not opposed to the best interest of the Association, and with respect tq any criminal action or proceeding, had reasonable cause to believe that his conduct was unlawful. 03C 0'" 0'" ~c=; .- ~ r-- ::0 r"' (-: -u:= "P':;X ClC f-" (' Section 10.2 Expenses. To the extent that a Director, officer, employee or agent of the Association has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in Section 10.1 above, or in defense of any action, suit or proceeding referred to in Section 10.1 above, or in defense ot any claim, issue or matter therein, he shall be indemnified against expenses (including attorneys' fees and appellate attorneys' fees) actually and reasonably incurred by him in connection therewith. Section 10.3 Approval. Any indemnification under Section 10.1 above (unless ordered by a Court) shall be made by the Association only as authorized in the specific case upon a determination that indemnification of the Directors, officers, employees or agent H990000145989 11 EXHIBIT II B II.CONTU~UED H990000145989 is proper under the circumstances because he has met the applicable standard of conduct set forth in Section 10.1 above. Such determination shall be made (a) by the Board of Directors by a majority vote of a quorum consisting of Directors who were not parties to such action, suit or proceeding, or (b) if such quorum is not obtainable, or, even if obtainable, if a quorum of disinterested Directors so directs, by independentlegal counsel in a written opinion, or by a majority of the Members. Section 10.4 Advances. Expenses incurred in defending a civil or criminal action, suit or proceeding may be paid by the Association in advance of the final disposition or such action, suit or proceeding as authorized by the Board of Directors in any specific case upon receipt of an undertaking by or on behalf of the affected Director, officer, employee or agent to repay such amount unless it shall ultimately be determined that he is entitled to be indemnified by the Association as authorized in this Article X. Section 10.5 Miscellaneous. The indemnification provided by this Article shall not be deemed exclusive of any other rights to which those seeking indemnification may be ~ 0: entitled under any Bylaw, agreement, vote of Members or otherwise, and shall continue ~ 0 ~ as to a person who has ceased to be a Director, officer, employee or agent and shall inure ~ \.0 :;:l to the benefit of the heirs and personal representatives of such person. E r- rT'I 00 Os;:- ..,,- r- Section 10.6 Insurance. The Association shall have the power to purchase and maintain insurance on behalf of any person who is or w~s a Director, officer, employee or agent of the Association, as a Director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against any liability asserted against him and incurred by him in any such capa~ity, or arising out of his status as such, whether or not the Association would have the power to indemnify him against such liability under the provisions of this Article. ARTICLE XI BYLAWS The first Bylaws of the Association will be adopted by the Directors named herein, and may be altered, amended, or rescinded in the manner provided by said Bylaws. Any Bylaws adopted by the Board of Directors shall be consistent with these Articles. ARTICLE XII H990000145989 12 -..J EXHIBIT 11:B II.CONTINUED H990000145989 TRANSACTIONS IN WHICH DIRECTORS OR OFFICERS ARE INTERESTED Section 12.1 No contract or transaction between the Association and one or more of its Directors or officers, or between the Association and any other corporation, partnership, or Association, or other organization in which one or more of its Directors or officers are Directors or officers have a financial interest, shall be invalid, void or voidable solely for this reason, or solely because the Director or officer is present at or participates in the meeting of the Board or committee thereof which authorized the contract or transaction, or solely because his or their votes are counted for such purpose. No Director or officer of the Association shall incur liability by reason of the fact that he is or may be interested in any such contract or transaction. Section 12.2 Interested Directors may be counted in determining the presence of a quorum at a meeting of the Board of Directors or of a committee which authorized the contract or transaction. ARTICLE XIII SUBSCRIBER The name and address of the subscriber to these Articles of Incorporation is: Centex Homes 385 Douglas Avenue" Suite 2000, Altamonte Springs, Florida 32714 ARTICLE XIV DISSOLUTION The Association may be dissolved with the assent given by not less than two-thirds (2/3) of the votes of each Class of members. Upon dissolution of the Association, other than incident to a merger or consolidation, the assets of the Association shall be disposed of or transferred to another association or appropriate public agency having similar purposes. Dissolution of the Association shall be deemed an Extraordinary Action and H990000145989 13 (.f) f11 :t X o I fT! ("') o "'Tl r- W -J WC o~ (:) 0"'" \D ~o :P I :x fT (:) C -uc ~ ~~ - C>c CO mt. EXHIBIT II B II-CONTINUED H990000145989 shall be subject to the provisions of these Articles of Incorporation and the Declaration governing Extraordinary Actions. ARTICLE XV AMENDMENT AND RESTATEMENT OF ARTICLES The foregoing Amended and Restated Articles of Incorporation having been duly approved and adopted by the Board of Directors and the sole Member do hereby supersede and completely replace the original Articles of Incorporation filed June 24, 1998. IN WITNESS WHEREOF, the undersigned, being all of the duly appointed Directors and the sole Member of the Association have executed these Amended and Restated Articles of Incorporation this ) i.;J .day of ~ J(J..(I e..- , /? r 1 . ~EcfoR ~/~ MIKE KANE, DIRECTOR c.f) rTl :t. ~ (") , ~ ("') o W -J <::) \D OJC o-n o-n ~c=: - 'J> \' ? o .",s:- r- <:: -0-': ~-. C'>~ rnl - \D ~ DAN KAISER, DIRECTOR CENTEX HOMES a Nevada general partnership By: Centex Real Estate Corporation A Nevada corporation By: H990000145989 14 EXHiBIT II h ".CONTINUED H990000145989 STATE OF FLORIDA COUNTY OF SEMINOLE J The foregoing instrument was acknowledged before me this &th day of _ \'<'1'1 e.... , 1999, by Greg LePera, Division President of Centex Real Estate Corporation, a Nevada corporation, managing general partner of Centex Homes, a Nevada general partnership, on behalf of the corporation. Said person did not take an oath and is personally known to me. /-r:- - h jill Sc hL(L~ (~ Print e: Notary Publi , State of Florida Commission No.: .\\'"11111'111 ~,\\, CHLA "I/. My Commission Expires: :-.~~)-.~ .....~f:.i~/.. ~ ..' ...v.\SS/ON J:'~..?> ~ ~ .\:)~. ~. ~ ~ ..:...r;] ~\.22.<a ~'. ~ ::: :~ ~ ~ ~~ ~ ~*: ..... :*~ ::: 'Z . ICG . ::: :::~..~ 640749 :~::: (j') ~.-d.OA~ ~.s;:- ~ ~ ~ ..~...,.. ol/ded \,,~ ~~.' 9:' ~ .. . ~:;t-,oc;.~lJbIiC Ul\\\t~.~ <<,~ 'Z ~IIII 'Blic oST~*- ~ ""~ %. II"";""11\""~ ~ I The foregoing instrument was acknowledged before me this I ~ th day of :" ",U-t'l<:- , 1999, by Greg LePera, Mike Kane and Dan Kaiser who are person~ personally known to me, and did not take an o~ ~ STATE OF FLORIDA COUNTY OF SEMINOLE W -.J o \.0 we; C)-r C)'"T" ~- c-: :t: r- ? o .e- r",) o (: --u: ~:: CH f"lC I xh.l (''jd-e. r Notary Publi , State of Florida ""'\111""",,, Commission No.: f"''':...S~~}~~t7.III~~ ~ ~ ..' ~\SSION ...[.-9 ~ My Commission Expires: :::.' _<:0~ €/-.o '0 ~ ~ .. :.... ~ ~~ 22, <'a ~ -. -.:::. = :~ ~ ~ ~~ : =*: ..... :*= - . . - - ~ . ICG 0 49 . '<t"- ~o ..~ 64 7 ~:f;:~ -;;,:;:.\,o~8. ~,~'9=';::- "',.~'. '" Ol/ded\i' ~(:'.' c:s;::- ..~ J-A'o.PlJbIiCUl\6t..~<<,v~ 1'//. (,t8;......~ \)'~.:$f' "/1, ~'C STI\\" """ III'" I; '" II \I ,," H990000145989 15 EXHIBIT II ,B II-CONTINuED H990000145989 CERTIFICATE DESIGNATING PLACE OF BUSINESS FOR SERVICE OF PROCESS WITHIN THIS STATE, NAMING AGENT UPON WHOM PROCESS MAY BE SERVED Pursuant to Chapter 48.091, Florida Statutes, the following IS submitted In compliance with said Act: That, Parkstone Community Association, Inc., desiring to organize under the laws of the State of Florida, with its principal offices at 385 Douglas Avenue, Suite 2000, Altamonte Springs, Florida 32714, has named Centex Real Estate Corporation, whose office is located at385 Douglas Avenue, Suite 2000, Altamonte Springs, Florida 32714, as its agent to accept service of process within the State. ACKNOWLEDGMENT (".) Having been named to accept service of process for the above stated corporatiw-, -J at the place designated in this Certificate, Centex Real Estate Corporation hereby acce@ 0 to act in this capacity, and agrees to comply with the provisions of said Act relative ~ \D keeping open said office. ;2 r"I" go .r;:-' N (pC o-n 0"'" ~n :Po r CENTEX REAL ESTATE CORPORATION, ~ Nevada corporation BY:~ Division President "" r' (' -oC ~; c)C rnc - H990000145989 16 E)\rUUI I" B "-CONTINUED H990000145989 CERTIFICATE OF ADOPTION OF AMENDED AND RESTATED ARTICLES OF INCORPORATION FOR PARKSTONE COMMUNITY ASSOCIATION, INC. a Florida not-for-profit corporation Pursuant to Section 617.1007, Chapter 617 of the Florida Statutes, the Parkstone Community Association, Inc., a Florida not-for-profitcorporation (herein referred to as the 1/ Association"), hereby certifies the following matters unto the Secretary of State of Florida. The attached and foregoing Amended and Restated Articles of Incorporation bf Parkstone Community Association, Inc., a Florida not-for-profit corporation, have been duly adopted and approved by the Board of Directors of the Association, and by the sole member of the Association. c.,.) -J o \D O)'C o~ o-r. ~.C:: - ); f- (f) As of the date of approval of the Amended and Restated Articles of Incorporation,~ Centex Homes, a Nevada general partnership, is the owner of all of the land made subject~ to the Association, and, as such, is the sole member of the Association whose approval is ~ required. g . <::) .r:- ~N f') ? . r. -at J;>-: C')l rn Pursuant to Section 617.1006, Chapter 617 of the Florida Statutes, Centex Homes, as the sole member of the Association, has joined in the execution of the Amended and Restated Articles of Incorporation to confirm its approval thereof, and hereby certifies to the Secretary of State of Florida that it has approved the adoption of the Amended and Restated Articles of Incorporation by the Board of Directors as of the date of execution of this Certificate. IN WITNESS WHEREOF, the undersigned, being all of the duly appointed Directors and the sole Member of the Association have executed this Certificate of Adoption of Amended and Restated Articles of Incorporation this ) ~ day of " iLL-VI c.-- , Iq 0i . ERA,DIRECTOR, DIV. PRESIDENT H990000145989 17 H990000145989 H990000145989 EXHIBIT U B u.CONTINUED ~L MIKE KANE, DIRECTOR ~ DAN KAISER, DIRECTOR CENTEX HOMES a Nevada general partnership By: Centex Real Estate Corporation A Nevada corporation By: 18 ifl f'T\ Z :i: o .- ~ ("") o . c..w -J o \.0 O]C 0'" 0" ~( o z:-j; ~ N ~ U) EXHIBIT" C- " BYLAWS OF P ARKSTONE COMMUNITY ASSOCIATION, INC., a Florida corporation, Not-for-Profit ARTICLE I GENERAL PLAN OF OWNERSHIP Section 1. Name. The name of the corporation is PARKSTONE COMMUNITY ASSOCIATION, INC., a Florida corporation, and is hereafter referred to as the "Association" or "Community Association". The principal office of the corporation shall be located in the State of Florida. Section 2. Bylaws Applicability. The provisions of these Bylaws are applicable to the Association created pursuant to the Declaration of Covenants, Conditions and Restrictions for Parkstone recorded in the Public Records of Seminole County, Florida (herein referr~ to as the "Declaration"). All capitalized words or phrases used herein shall have t~ meanings herein ascribed, and if not defined in this instrument, such capitalized words q2 phrases shall have the meanings given in the Declaration or Articles of Incorporation of thlr Association. g ." I Section 3. Personal Application. All present and future Owners of Lots or Units within the Association Property (as defined in the Articles of Incorporation and Decl<;tration of the Association) and their tenants, guests and invitees are subject to the regulations set forth in these Bylaws. The recording of a declaration authorizing the creation of a Community Association and the mere acquisition of a Lot or acquisition or rental of any Unit or the mere act of occupancy of any Unit signify that these Bylaws are accepted, ratified, and will be complied with. ARTICLE II MEMBERSHIP, VOTING RIGHTS, MAJORITY OF QUORUM, QUORUM, PROXIES g: \ legal\ deer\ articles \PKSTN2. byl revised 6159999 CN ...... C) \D OJC C)"'T1 O"'T1 ~O :P ,- o s:- N ;:.: tT (" -uc: ):O-~ c:>c M(J - - EXHIBIT II G "-CONTINUED Section 1. Membership. Every Owner of a Unit or Lot, and every Builder owning any Unit or Lot, by virtue of the ownership of such Unit or Lot, and the Declarant and its successors and assigns, shall be Members of the Association, and by acceptance of a deed or other instrument evidencing an ownership interest, each Owner, Builder and Declarant accepts membership in the Association, acknowledges the authority of the Association as herein stated, and agrees to abide by and be bound by the provisions of the Declaration, the Articles of Incorporation, these Bylaws and other rules and regulations of the Association. The term "Member" shall include each person or entity owning any right, title or interest in any Unit or Lot, except persons or entities holding mortgages or other security or trust interests unless such persons or entities also have the right of possession. Tenants or others occupying any Unit who do not have an ownership interest therein shall not be Members for the purposes of these Bylaws. Membership in the Association is appurtenant to, and may not be severed from, the Unit or Lot. The rights and obligations of a Member may not be assigned or delegated except as provided in the Declaration, the Articles of Incorporation or these Bylaws of the Association, and shall automatically pass to the successor-in-interest of any Owner upon conveyance of such Owner's interest in t~ Lot or Unit. Members shall be responsible for compliance with the terms and condition~ of the Declaration, the Articles of Incorporation and these Bylaws, and rules and5 regulations of the Association by all occupants, tenants, guests, invitees and familr members while residing in or visiting any Unit, Common Area or other portion of theg ~~. ~ J W -J o \.0 toe o~ 0- ::J::.( J r Section 2. Voting Rights. Members of the Association shall be allocated votes as follows: C> 1) ,f:"' >>:. -f".) C) tJ1rTf Class A. Class A Members shall be all Owners with the exception of the Declarant and any Builders. Each Class" A" Member shall be entitled to one vote for each Lot or Unit owned. Class B. The Class B Member shall be the Declarant, or its specifically designated (in writing) successor. The Class B Member shall be allocated three (3) votes for each Lot or Unit owned by it within the Property which is subject to assessment by this Association; provided, that the Class B membership shall cease and become converted to Class A membership as set forth in Section 4. Upon conversion to Class A membership, the Declarant shall have one vote for each Unit or Lot owned by it within the Property so long as said Unit or Lot is subject to assessment by the Association. g: \ legal\ dccr\ articles \ PKSTN2. byl revised 6159999 2 EXHIBIT II G a.CONTINUED Class C. All Builders, as defined herein, shall be Class C Members. Class C Members shall have one (1) vote for each Lot or Unit they own in the Property. When any Unit or Lot is owned of record in the name of two or more persons or entities, whether fiduciaries, joint tenants, tenants in common, tenants in partnership, or in any other manner of joint or common ownership, or if two or more persons or entities have the same fiduciary relationship respecting the same property, then unless the instrument or order appointing them or creating the tenancy otherwise directs and it or a copy thereof is filed with the secretary of the Community Association, such Owner shall select one official representative to qualify for voting in the Community Association and shall notify in writing the Secretary of the Community Association of the name of such individual. The vote allocated to any Unit or Lot (including Units or Lots owned by the Declarant or a Builder) may not be divided or cast in any fraction, and the vote of each official representative shall be considered to represent the will of all the Owners of that Lot or Unit. If the Owners fail to designate their official representative, then the Community u.> Association may accept the person asserting the right to vote as the voting Owner untih -J ~~ notified to the contrary by the other Owner(s). Upon such notification no affectedOwn~ ~ ~c= may vote until the Owner(s) appoint their official representative pursuant to thi~ J paragraph. ~ I ~ C'>c::> o z:- ~ N~ Cf'\ Section 3. Change of Membership. -:q r-. 3.1. Change of membe.t;~hip in the Association shall be established by recording in the Public Records of Seminole County, Florida, a deed or other instrul1lent conveying record fee title to any Lot or Unit, and by the delivery to the Community Association, of a copy of such recorded instrument. The Owner designated by such instrument shall, by acceptance of such instrument, become a Member of the Community Association, and the membership of the prior Owner shall be terminated. In the event that a copy of said instrument is not delivered to the Community Association, said Owner shall become a Member, but shall not be entitled to voting privileges until delivery of a copy of the conveyance instrument to the Community Association. The foregoing shall not, however, limit the Association's powers or privileges and the new Owner shall be liable for accrued and unpaid fees and assessments attributable to the Lot or Unit acquired. 3.2. The interest, if any, of a Member in the funds and assets of the Association shall not be assigned, hypothecated or transferred in any manner except as an appurtenance to the Owner's real property. Membership in the Association by all Owners shall be compulsory and shall continue, as to each Owner, until such time as such Owner g: \ legal\ dccr\ articles \ PKSTN2. by! revised 6159999 3 EXhiBIT U ~ n.CONTINUE:u ....... of record transfers or conveys his interest in the real property upon which his membership is based or until said interest is transferred or conveyed by operation of law, at which time the membership shall automatically be conferred upon the transferee. Membership shall be appurtenant to, run with, and shall not be separated from the real property interest upon which membership is based. Section 4. Class B Membership Status. 4.1. The Declarant's Class B membership status shall continue, and shall be in effect, during the period from the inception of the Declaration until either (1) seven (7) years from the date the Declaration is recorded; or (2) five (5) years after the date of recording of the last Supplemental Declaration annexing additional property into the Community Association, whichever event, (1) or (2) occurs later; or (3) upon recording of a voluntary written notice executed by the Declarant or its duly authorized successor or assignee electing to convert its Class B status to Class A; or (4) in any event, ninety (90) W -1 OJC days after the conveyance of the Unit to a Class A Member that causes the total number 00, g: votes held by all Class A Members of this Community Association to equal the number o@ ~ ::s;.; votes in the Community Association held by the Class B Member, whichever event, (I), (2), % (3) or (4), occurs first; provided however, that if Class B status is converted to Class A ~ pursuant to clause (4) and, subsequent to such event, the Declarant annexes additional C"> c::> Lots to the Property which annexation causes the number of Lots or Units owned by the ~ .r:- ~ Declarant in the Property to exceed twenty-five percent (25%) of the total number of Lots ~ N ~ -J and Units within the Property, Declarant's Class B status shall be restored as to all Lots and Units within the Property then owned by Declarant, and shall continue until the next occurrence of an event of conversion described above. 4.2. The Declarant shall have the right to partially assign its status as Declarant and Class B Member by recorded instrument executed by the original Declarant and acknowledged and accepted by the assignee Declarant to any person or entity acquiring any portion of the Property, or the adjacent land eligible for annexation into the Property, for the purpose of development of a residential subdivision, and any such assignee shall thereafter be deemed to be the Declarant as to the Lots or Units owned by such person or entity, and shall have the right to exercise all of the rights and powers of the Declarant as to such Lots and Units, while, at the same time, the original Declarant shall continue to exercise the rights and powers of the Declarant as to all Lots and Units owned by such original Declarant. If any action of the Community Association requires the approval, consent or vote of the Declarant, and the original Declarant has partially assigned its rights as Declarant to others pursuant to this paragraph, the consent or vote g: \ legal\ dccr\ articles\ PKSTN2.byl revised 6159999 4 EXh,srr Ii ~ Ii-CONTINUED ~- of all such Declarants shall be required to satisfy the requirement of consent by the Declarant. Section 5. Majority of Quorum. Unless otherwise expressly provided in these Bylaws or the Declaration any action which may be taken by the Association may be taken by a majority of a quorum of the Members of the Association. Section 6. Quorum. Each Community Association meeting required by the Association pursuant to the Declaration shall require the presence, either in person or by proxy, of a quorum of the members of the Community Association. If the Community Association has, or is planned to have, 250 Members or less - the quorum for any such meeting shall be no less than 20% of the total number of votes. If the Community Association has, or is planned to have, more than 250 Members but less than 1000 Members - the quorum for any such meeting shall be no less than 10% of the total number of votes. If the Community Association has, or is planned to have, more than 1000 Members - the quorum for any such meeting shall be no less than 5% of the total number of votes. The foregoing requirements are minimum requirements, however, more stringent requirement~ imposed elsewhere in these Bylaws or in the Articles of Incorporation or in th~ Declaration, or pursuant to applicable laws or regulations shall supersede the requirement6 contained in this Section, and the Association shall be bound by such more restrictive~ requirements as if fully reproduced herein. g . c.J:>' -.l o \D 0)( 0'. o' ~i ...., Section 7. Proxies. Votes may be cast in person or by proxy. Proxies must be in r-"" writing and filed with the Secretary at least twenty-four (24) hours before the appointed time of each meeting. Every proxy shall be revocable and shall automatically cease 'after completion of the meeting for which the proxy was filed, and upon conveyance by the Member of his Unit. C) -,:; :r::- 'l' [-..) C 11 ct) . ARTICLE III ADMINISTRATION Section 1. Place of Meetings of Members. Meetings of the Members shall be held within the Association Property or such other suitable place as close thereto as practicable in Seminole County, convenient to the Owners as may be designated by the Board of Directors. g:\ legal\ dccr\ articles\ PKSTN2.byl revised 6159999 5 E^n;=:'"l~ tl C~ 1I.CONTINUa;.u Section 2. Annual Meetings. The first annual meeting of the Members shall be held on the date at the place and at that the time, as determined by the Board of Directors, provided, however, that said meeting shall be held, to the extent possible, within one (1) year from the date of incorporation of the Association. Thereafter, the annual meeting of the Association shall be held on the anniversary date of the first annual meeting; provided, however, that should the anniversary date fall on a legal holiday, then such annual meeting of the Members shall be held on the next day thereafter which is not a legal holiday. Subject to the provisions of Article IV, Section 1 herein, at each annual meeting there shall be elected by ballot of the Members a Board of Directors, in accordance with the requirements of Section 5 of Article IV of these Bylaws. At the first annual meeting, the Directors shall be elected to serve until the second annual meeting, and at the second annual meeting, Directors shall be elected for a term of one (1) year beginning with the second annual meeting. Unless a Director resigns before the expiration of his term of office, each Director shall hold his office until his successor has been elected and the first meeting involving such successor is held. The term of office of any Director elected to fill ~ a vacancy created by the resignation of his predecessor shall be the balance of the unserved .....J term of his predecessor. The Members may also transact such other business of tfA 0 Association as may properly come before them. Each First Mortgagee of a Unit mi t.D designate a representative to attend all annual meetings of the Members. 0 e- rr'. Section 3. Special Meetings of Members. Special meetings of the Members may b~ c:> called at any time by the President or by a majority of a quorum of the Board of Directors~ .-;:; or upon a petition signed by Class A Members holding at least ten percent (10%) of ther- \D voting power of the Class A Members having been presented to the Secretary. Notice of any special meeting shall state the time and place of such meeting and the purpose thereof. O:JO 0"" 0'" ~c; - J:; r" ,. ~ . ~ ~( ~; C">1 rn No business shall be transacted at a special meeting except as stated in the notice, unless by consent of those Members holding at least four-fifths (4/5) of the voting power of the Association, either in person or by proxy. Each First Mortgagee of a Unit may designate a representative to attend all special meetings of the Members. Section 4. Notice of Meetings of Members. It shall be the duty of the Secretary to mail a notice of each annual or special meeting of Members stating the purpose thereof as well as the day, hour, and place where it is to be held, to each Member of record and to each First Mortgagee of a Unit which has filed a written request for notice with the Secretary, at least fourteen (14) but not more than sixty (60) days prior to such meeting. The notice may set forth time limits for speakers and nominating procedures for the meeting. The mailing of a notice, postage prepaid, in the manner provided in this Section, shall be g: \ legal\ dccr\ articles\ PKSTN2.byl revised 6159999 6 EXr'HJI j';l C- Il.CONTINUeD .. considered notice served, after said notice has been deposited in a regular depository of the United States mail. If no address has been furnished to the Secretary, notice shall be deemed to have been given to a Member if posted in a conspicuous place on the Common Property. Section 5. Adjourned Meetings. If any proposed meeting cannot be organized because a quorum has not been attained, the Members who are present, either in person or by proxy, may adjourn the meeting from time to time until a quorum is present, provided notice of the newly scheduled meeting is given in the manner required for the giving of notice of a meeting. Proxies given for the adjourned meeting shall be valid for the newly scheduled meeting unless revoked for reasons other than the new date of the meeting. Section 6. Order of Business. The order of business at all meetings of the Members shall be as follows: (a) roll call to determine the voting power represented at the meeting; ~ roC (b) proof of notice of meeting or waiver of notice; (c) reading of minutes of precedi~ 0 g~ meeting; (d) reports of officers; (e) reports of committees; (f) election of inspector ~ \D ~~ election; (g) election of Directors; (h) unfinished business; and (i) new business. Meeting; of Members shall be conducted by the officers of the Association in order of their priority; ~ C"> 0 r.- (:) -oC Section 7. Action Without Meeting. Any action, which under the provisions of Florid<:tn z;:- ~~ law may be taken at a meeting of the Members, may be taken without a meeting ir ~ tn( authorized by a writing signed by the required number of Members who would be entitled to vote at a meeting for such purpose, and such writing is filed with the Secretary. ' :po 1- Section 8. Consent of Absentees. The transaction of any meeting of Members, either annual or special, however called and noticed, shall be as valid as though had at a meeting duly held after regular call and notice if a quorum be present either in person or by proxy, and if, either before or after the meeting, each of the Members not present in person or by proxy, signs a written waiver of notice, or a consent to the holding of such meeting, or an approval of the minutes thereof. All such waivers, consents or approvals shall be filed with the corporate records or made a part of the minutes of the meeting. Section 9. Minutes, Presumption of Notice. Minutes or similar record of the proceedings of meetings of Members, when signed by the President or Secretary, shall be presumed truthfully to evidence the matters set forth therein. A recitation in the minutes of any such meeting that notice of the meeting was properly given shall be prima facie evidence that such notice was given. g: \ legal\ deer\ articles\ PKSTN2. byl revised 6159999 7 EXHiBIT II c II.CONTINUED 10 ARTICLE IV BOARD OF DIRECTORS Section 1. Number, Term and Qualifications. The affairs of this Association shall be governed by a Board of Directors composed of no fewer than three (3) nor more than seven (7) persons as is determined from time to time by the Members. The term of each Director's service shall extend until the next annual meeting of the Members, and thereafter until his successor is duly elected and qualified, or until he is removed in the manner provided in Section 3 below. Section 2. Powers and Duties. The Board of Directors has the powers and duties necessary for the administration of the affairs of the Association and may do all such acts and things as are not by law or by these Bylaws directed to be exercised and done exclusively by the Members. U) -J o \..0 OJ' O' O' ~. <f) Section 3. Special Powers and Duties. Without prejudice to such foregoing genera.fi powers and duties and such powers and duties as are set forth in the Declaration andx Articles of Incorporation, the Board of Directorsis vested with, and responsible for, the~ rT\ following powers and duties: ("') o (a) To select, appoint, and remove all officers, agents and employees of the ~ Association, to prescribe such powers and duties for them as may be consistent with law, with the Articles of Incorporation, the Declaration and these Bylaws; to fix their compensation and to require from them security for faithful service when deemed advisable by the Board. Q ""1 .r;:- ): W~ - (b) To conduct, manage and control the affairs and business of the Association, and to make and enforce such rules and regulations therefor consistent with law, with the Articles of Incorporation, the Declaration, and these Bylaws, as the Board may deem necessary or advisable. (c) To change the principal office for the transaction of the business of the Association from one location to another with the State of Florida as provided in Article I hereof; to designate any place within said State for the holding of any annual or special meeting or meetings of Members consistent with the provisions of Article III, Section 2 hereof; and to adopt and use a corporate seal and to alter the form of such seal from time to time, as the g: \lcgal\ dccr\ articlcs\ PKSTN2.byl revised 6159999 8 EX -:-.._<- II . hiDi I C 1I.CONTINUt:.J Board, in its sole judgment may deem best, provided that such seal shall at all times comply with the provisions of law. (d) To borrow money and to incur indebtedness for the purposes set forth in the Declaration, and to cause to be executed and delivered therefor, in the Associationls name, promissory notes, bonds, debentures, deeds of trust, mortgages, pledges hypothecations or other evidences of debt and securities therefor. (e) To fix and levy from time to time, Assessments upon the Owners, as provided in the Declaration; to determine and fix the due date for the payment of such Assessments, and the date upon which the same shall become delinquent; provided, however, that such Assessments shall be fixed and levied only to provide for the general benefit and welfare of the Associ- ation and its Members in accordance with the provisions of the Declaration. W The Board of Directors is hereby authorized to incur any and all s@1 ;; expenditures for any of the foregoing purposes and to provide, or cause!o \D be provided, adequate reserves for replacements as it shall deem to a5e necessary or advisable in the interest of the Association or welfare of~s Members. Disbursements from such trust reserve fund shall be made oQr 0 in accordance with the provisions of the Declaration. Should any Owner i.il s:- to pay such Assessments before delinquency, the Board of Directors inrrts ~ discretion is authorized to enforce the payment of such delinquent assessments as provided in the Declaration. we 0-" 0-" A- n l> r- :::0 :"T1 (' -uo 1>:::0 C)o men (f) To enforce the provisions of the Declaration covering the Common Area, and areas on which the Association has an easement (the II Easement Areastl), these Bylaws or other agreements of the Association. (g) To contract for and pay fire, casualty, errors and omissions, blanket liability, malicious mischief, vandalism, and other insurance, insuring the Members, the Owners, the Association, the Declarant, the Board of Directors and other interested parties, in accordance with the provisions of the Declaration, covering and protecting against such damages or injuries as the Board deems advisable, which may include without limitation, medical expenses of persons injured on the Common Area and Easement Areas, and to bond the agents and employees of any management body, if deemed advisable by the Board. The Board shall review, not less frequently than annually, all g: \ legal\ dccr\ articles \ PKSTN2. by I revised 6159999 9 EArliwrj:l G lI-CONTINUi:D "'- insurance policies and bonds obtained by the Board on behalf of the - Association. (h) To contract for and pay maintenance, gardening, utilities, materials and supplies, and services relating to the Common Area, public areas, and Ease- ment Areas and to employ personnel necessary for the operation of the Common Area, public areas and Easement Areas, including legal and accounting services, and to contract for and pay for improvements to the Common Area, public areas and Easement Areas. (i) To delegate its powers according to law, and subject to the approval of the Members, to adopt these Bylaws. G) To grant easements where necessary for utilities and sewer facilities over the Common Area to serve the Association. W -.J o \OD co c:. o-n 0"" ~0 ~ ,- (k) c;j) fT\ To fix, determine and name from time to time, if necessary or advisable, tIt public agency, fund, foundation or corporation which is then or the~ organized or operated for charitable purposes, to which the assets of thg Association shall be distributed upon liquidation or dissolution, according; to the Articles of Incorporation of the Association. The assets so distributecf:ra r- shall be those remaining after satisfaction of all just debts and obligations of the Association, and after distribution of all property held or acquired by the Association under the terms of a specific trust or trusts. C) .s:- eN eN .~ ~ c -at: J;o-:;:: C'>C r~'Hj (1) To adopt such uniform and reasonable rules and regulations as the Board may deem necessary for the management of the Common Area and Easement Areas which rules and regulations shall become effective and binding after (1) they are adopted by a majority of the Board at a meeting called for that purpose, or by the written consent of such number of Directors attached to a copy of the rules and regulations of the Association, and (2) they are posted in a conspicuous place in or near the Common Area. For so long as the Declarant enjoys Class B Membership status, such rules and regulations shall not materially adversely affect the rights, privileges or preferences of any Member or owner as established by the Association, the Articles of Incorporation of the Association and these Bylaws and such rules and regulations shall be enforceable only to the extent that they are g:\ legal\ dccr\ articles\PKSTN2.byl revised 6159999 10 EX.-doiT II L II.CONTINUt:u .. consistent with the Declaration, the Articles of Incorporation and these Bylaws. Section 4. Management Agent. The Board shall have the option to employ a managing agent to manage the Common Area and Easement Areas and the affairs of the Association. The managing agent shall perform such duties and services as the Board shall authorize. Section 5. Election and Term of Office. Subject to the provisions of Article IV, Section 1 herein, at the first annual meeting of the Association, and thereafter at each annual meeting of the Members, Directors shall be elected by secret written ballot by a plurality of Members as provided in these Bylaws, each Member voting being entitled to cast its votes for each of as many nominees as there are vacancies to be filled. There shall be no cumulative voting. In the event that an annual meeting is not held, or the Board is not elected thereat, the Board may be elected at a special meeting of the Members held for that purpose. Each Director shall hold office until his successor has been elected or until hisW death, resignation, removal or judicial adjudication of mental incompetence. Any perWln;; serving as a Director may be reelected, and there shall be no limitation on the numbe8Jf \.0 terms during which he may serve. 5 r- ~ Section 6. Books, Audit. The Board of Directors shall cause to be maintained a full gt 0 of books and records showing the financial condition of the affairs of the Association:iH r manner consistent with generally accepted accounting principles, and at no greater than ~ - annual intervals shall obtain an independent a:udit of such books and records. A copy of each such audit shall be delivered to a Member within sixty (60) days after the completion of such audit upon written request from a Member. roc o"'Tl 0"'" ~CS l> f"- -.u r1l (1 -00 ~::v c>O fTltn Section 7. Vacancies. Vacancies in the Board of Directors caused by any reason other than the removal of a Director by a vote of the Members of the Association shall be filled by vote of the majority of the remaining Directors, even though they may constitute less than a quorum; and such person so elected shall be a Director until a successor is elected at the next annual meeting of the Members of the Association, or a special meeting of the Members called for that purpose. A vacancy or vacancies shall be deemed to exist in case of death, resignation, removal or judicial adjudication of mental incompetence of any Director, or in case the Members fail to elect the full number of authorized Directors at any meeting at which such election is to take place. g: \ legal\ dccr\ articles\ PKSTN2. byl revised 6159999 11 E" '. J\l ,,_ G L. vvi~ in~UtO Section 8. Removal of Directors. At any regular or special meeting of the Members duly called, anyone or more of the Directors may be removed with or without cause by a majority vote of the Members of the Association, and a successor may then and there be elected to fill the vacancy thus created. Any Director whose removal has been proposed by the Members shall be given an opportunity to be heard at the meeting. If any or all of the Directors are so removed, new Directors may be elected at the same meetings. Section 9. Organization Meeting. The first regular ("organization") meeting of a newly elected Board of Directors shall be held within ten (10) days of election of the Board, at such place as shall be fixed and announced by the Directors at the meeting at which such Directors were elected, for the purpose of organization, election of officers and the transaction of other business. No notice shall be necessary to the newly elected Directors in order legally to constitute such meeting, provided a majority of the whole Board shall be present. eN Section 10. Other Regular Meeting. Other regular meetings of the Board of Direct~s -J may be held at such time and place in or near the Association Property as shall !lie C) determined, from time to time by a resolution adopted by a majority of a quorum of tie \D Directors; provided, however, that such meeting shall be held no less frequently thit annually. Notice of regular meetings of the Board of Directors shall be given to ea~ Director, personally or by mail, e-mail, telephonic facsimile, telephone or telegraph, at lec6l: ~ seventy-two (72) hours prior to the date named for such meeting, and shall be posted at;1l c.,J prominent place or places within the Common Area. CJ1 we O"'T1 o~ ::J:'C=:. J> r- ::IJ r'f1 (. -00 J:oo. :4l G')O f1'1c.r. Section 11. Special Meeting. Special meetings of the Board of Directors may be called by the President (or, if he is absent or refused to act, by the Vice President) or by any two (2) Directors. At least seventy-two (72) hours notice shall be given to each Director personally or by mail, telephone or telegraph, which notice shall state the time, place (as hereinabove provided) and the purpose of the meeting, and shall be posted at a prominent place or places in or near the Association Property. If served by mail, each such notice shall be sent, postage prepaid, to the address reflected on the records of the Association, and shall be deemed given, if not actually received earlier, at 5:00 P.M. on the second day after it is deposited in a regular depository of the United States mail as provided herein. Whenever any Director has been absent from any special meeting of the Board, an entry in the minutes to the effect that notice has been duly given shall be conclusive and incontrovertible evidence that due notice of such meeting was given to such Director, as required by law and as provided herein. g: \ legal\ dccr\ articles\ PKSTN2.byl revised 6159999 12