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HomeMy WebLinkAboutRecorded CCRs 11-19-212021083635 DECL $25.00 11/19/2022 02:43:39P 44 PGS Jennifer Hayden HAMILTON County Recorder IN Recorded as Presented __IIIIIIIIIIIILIIII IIIIIIIIII1111111111IIIII1111111111111111111111111111 -- DECLARATION OF COVENANTS, EASEMENTS, CONDITIONS, RESTRICTIONS AND ASSESSMENTS FOR THE COURTYARDS OF CARMEL C PY INDEX ITEM PAGE Article I. APPLICABILITY..........................................................................................2 Article II. DEFINITIONS...............................................................................................3 ArticleIII. GOALS..........................................................................................................7 Article IV. USE RESTRICTIONS...................................................................................8 A. Use of Residential Lots....................................................................................8 B. Use of Common Elements...............................................................................8 C. Hazardous Actions or Materials......................................................................9 D. Signs................................................................................................................9 E. Animals............................................................................................................9 F. Nuisances.......................................................................................................10 G. Business.........................................................................................................10 H. Storage...........................................................................................................10 1. Hotel/Transient Uses; Leases........................................................................10 J. Vehicles.........................................................................................................10 K. Trash.............................................................................................................. I I L. Antennae........................................................................................................12 M. Utility Lines...................................................................................................12 N. Tanks.............................................................................................................12 O. Fencing..........................................................................................................12 P. Swimming Pools............................................................................................12 Q. Compliance with Zoning Requirements........................................................12 R. Miscellaneous................................................................................................13 S. Occupancy Restriction...................................................................................13 Article V. ARCHITECTURAL STANDARDS...........................................................14 A. Design Review Committee............................................................................14 B. Modifications.................................................................................................14 C. Variances.......................................................................................................15 D. Improvements by Declarant...........................................................................15 E. Liability Relating to Approvals.....................................................................15 ii Article VI. EASEMENTS AND LICENSES..................................................15 A. Easement of Access and Enjoyment Over Common Elements.....................16 B. Courtyard Easements.....................................................................................16 C. Right of Entry for Repair...............................................................................17 D. Easement of Access over Sidewalks.............................................................17 E. Easement for Utilities and Other Purposes....................................................17 F. Easement for Services...................................................................................17 G. Easement to the Association for Maintenance..............................................18 H. Easements on Plats........................................................................................18 I. General...........................................................................................................18 Article VII. ASSOCIATION MEMBERSHIP AND VOTING RIGHTS.......................18 A. Mandatory Membership................................................................................18 B. Governance....................................................................................................19 C. Powers; Authorities; Duties...........................................................................19 Article VIII. RIGHTS AND OBLIGATIONS OF THE ASSOCIATION .......................19 A. Common Elements........................................................................................19 B. Personal Property and Real Property for Common Use................................20 C. Cost -Sharing Agreements..............................................................................20 D. Rules and Regulations...................................................................................21 E. Implied Rights...............................................................................................21 F. Managing Agent............................................................................................21 G. Insurance........................................................................................................21 1. Fire and Extended (Special Form) Coverage...................................21 2. Liability Coverage............................................................................22 3. Directors' and Officers' Liability Insurance....................................22 4. Other................................................................................................. 22 5. Use of Proceeds................................................................................23 6. Declarant Coverage..........................................................................23 H. Condemnation .................. iii ...23 Article IX. ASSESSMENTS..........................................................................................23 A. Operating Fund..............................................................................................23 B. Types of Assessments....................................................................................23 C. Operating Assessments..................................................................................24 D. Special Assessments......................................................................................26 E. Individual Residential Lot Assessments........................................................26 F. Remedies.......................................................................................................27 1. Acceleration.....................................................................................27 2. Late Charge......................................................................................27 3. Application of Payments..................................................................27 4. Liability for Unpaid Assessments....................................................27 5. Liens.................................................................................................28 6. Subordination of Lien......................................................................28 7. Contested Lien.................................................................................28 8. Estoppel Certificate..........................................................................29 9. Vote on Association Matters; Use of Common Elements ...............29 Article X. MAINTENANCE........................................................................................29 A. Maintenance of Common Elements by Association......................................29 B. Lawn Mowing and Snow Removal on Residential Lots...............................29 C. Landscape Maintenance on Residential Lots................................................30 D. Maintenance by Owner..................................................................................30 E. Right of Association to Repair Lot................................................................31 F. Damage to Common Elements By Owner or Occupant................................31 Article XI. MISCELLANEOUS....................................................................................31 A. Term...............................................................................................................31 B. Enforcement; Waiver.....................................................................................31 C. Amendments..................................................................................................32 1. Amendments by Declarant...............................................................32 IV 2. Amendments by the Association......................................................32 3. Amendments by the Board .......................................... D. Declarant's Rights to Complete Development ......................... E. Declarant's Rights to Re -plat Declarant's Property ................. F. Mortgagee Rights..................................................................... G. Severability............................................................................... H. Mutuality.................................................................................. I. Captions.................................................................................... J. Notices...................................................................................... K. Exhibits..................................................................................... L. Construction.............................................................................. EXHIBIT A — LEGAL DESCRIPTION OF THE PROPERTY ........33 ....................33 ....................34 ....................34 ....................34 ....................34 ....................34 ....................3 5 ....................3 5 ....................3 5 EXHIBIT B - SECONDARY PLAT OF THE COURTYARDS OF CARMEL SECTION 1 v DECLARATION OF COVENANTS, EASEMENTS, CONDITIONS, RESTRICTIONS AND ASSESSMENTS FOR THE COURTYARDS OF CARMEL THIS DECLARATION OF COVENANTS, EASEMENTS, CONDITIONS, RESTRICTIONS AND ASSESSMENTS (this "Declaration") is made as of the Lday of f � oy cy,� er , 2021, by EPCON CARMEL, LLC, an Indiana limited liability company ("Declarant"). A. Declarant is the owner of the real property more fully described in Exhibit A attached to this Declaration and by this reference incorporated herein (the "Property" as defined hereinafter). B. Declarant desires to develop and is developing the Property into a residential subdivision known as The Courtyards of Carmel (hereinafter the "Community"), and desires hereby to and does restrict the use and occupancy of the Property for the protection of the Property and the future owners of the Property and to provide for the preservation of the values of and amenities in The Courtyards of Carmel for the benefit of the present and future Owners of the subdivision Lots and the Improvements constructed on them. C. Declarant desires that all of the Property be encumbered with the covenants, easements, conditions and restrictions set forth in this Declaration, which covenants, easements, conditions and restrictions shall run with the land consisting ofthe Property and be binding on all parties having any right, title or interest in the Property, or any part thereof, their heirs, successors and assigns, including the future Owners of any Lot subject to the provisions of this Declaration, the Declarant, the Declarant's successors and assigns, and any utility companies, whether public or private, who are granted rights herein. D. Located contiguous to or near the Community is property that has been or in the future may be developed as an extension of The Courtyards of Carmel with subdivision lots for homes and other improvements to be built on them, and additional landscaped, green areas and/or other amenities and improvements, and subjected to the plan and restrictions created hereby. This property is referred to herein as the "Additional Property". E. Declarant deems it desirable for the accomplishment of these objectives to create an association to which is delegated and assigned the non-exclusive right and obligation to administer and enforce the provisions hereof, to own and/or maintain various properties, to have easement rights with respect to certain property, to administer such property, and to collect and disburse funds necessary to accomplish these objectives. Accordingly, Declarant shall cause to be incorporated The Courtyards of Carmel Homeowners' Association, Inc. (the "Association"), as a nonprofit corporation, under and pursuant to the laws of Indiana, whose Members are and will be all of the Owners of a Residential Lot or Residential Lots in the Community (as defined in this 1 Declaration), as the same may be comprised from time to time. COVENANTS, EASEMENTS, CONDITIONS, RESTRICTIONS AND ASSESSMENTS NOW, THEREFORE, in pursuance of a general plan for the protection, benefit and mutual advantages of the property in the Community, Declarant, with respect to the Property described on Exhibit A of this Declaration, hereby declares that all of the Property (currently being all of the property described on Exhibit A to this Declaration) shall be held, sold, conveyed and occupied: (i) subject to the following covenants, easements, conditions and restrictions which are set forth in this Declaration; and (ii) pursuant to the Indiana HOA Act, all of which are for the purpose of protecting the values and desirability of, and which shall run with the title to, each part of the Community, and be binding on all parties having any right, title or interest therein, and each part thereof, and their respective heirs, successors and assigns, and shall inure to the benefit of and be enforceable by Declarant, each Owner of property in the Community, the Association, and the respective personal representatives, heirs, successors and assigns of each: Article I. APPLICABILITY This Declaration shall initially apply to the entire Property as described on the attached Exhibit A. If Declarant owns, and/or acquires Additional Property adjacent to or near the Property, intended by Declarant for future development, generally consistent with the development of the Community, Declarant may add said Additional Property to, and declare such Additional Property to be, subsequent phases of the Community. Upon such addition, Declarant shall have the right, but not the obligation, in Declarant's sole and absolute discretion, to subject such Additional Property to the terms and conditions of this Declaration. Declarant may subject Additional Property to this Declaration without modification, or Declarant may supplement and/or amend this Declaration as it applies to such additional phases of development. As to each development phase of the Community, Declarant may re-record this Declaration with an attached exhibit which modifies and/or supplements this Declaration with respect to such phase, or Declarant may incorporate this Declaration by reference into a supplemental declaration or an amendment or supplement to this Declaration which establishes the modifications and/or supplemental provisions desired by Declarant to be applicable to such phase. The modifications and/or supplemental provisions applicable to different phases of development at the Community may be comparable to, the same, more restrictive or less restrictive than the parallel provisions applicable to other development phases, as determined to be appropriate by Declarant in the exercise of its sole discretion. In the event of any inconsistency between the provisions of this Declaration and the provisions of any phase -specific modifications and/or supplements or amendments to this Declaration, the terms of the phase -specific document shall control. 2 Article II. DEFINITIONS The following terms used in this Declaration shall have these meanings, unless the context requires otherwise: A. "Additional Property" — property that may in the future be subjected to the plan for the Community provided hereby and be subjected to the terms of this Declaration (all in accordance with Article I), and consists of such other property as Declarant, in its sole discretion, may from time to time determine and designate as Additional Property. B. "Articles" and "Articles of Incorporation" — the Articles of Incorporation when filed with the Secretary of State of Indiana, incorporating The Courtyards of Carmel Homeowners' Association, Inc. (the "Association") as a nonprofit corporation under the Indiana Nonprofit Corporation Act of 1991, as amended. C. "Assessments" — charges levied by the Association on Residential Lots and their Owners, consisting of Operating Assessments, Special Assessments, and Individual Residential Lot Assessments. D. "Association" — an association of all of the Owners of Residential Lots in the Community, at any time, except Owners of Exempt Property with respect to that property. The Association is being incorporated as an Indiana nonprofit corporation named The Courtyards of Carmel Homeowners' Association, Inc., or similar, and its successors and assigns, which Association is also "Homeowners association" as that term is defined in the Indiana HOA Act. E. "Association Governing Documents" — the Association's Articles of Incorporation, the By -Laws, and Rules and all amendments thereto, this Declaration and all amendments and/or supplements thereto, any supplemental declaration and all amendments or supplements thereto, applicable building and zoning laws and ordinances, and any recorded plats for the Community. F. "Board" and "Board of Directors" — the board of directors or other management body of the Association. G. `By -Laws" — The Code of By -Laws for the Association, providing certain operating rules and procedures for the Association, as the same may be amended from time to time. The initial By -Laws shall be adopted by the initial Board of Directors that are selected by Declarant pursuant to Article VII(B). H. "Common Elements" — all real and personal property now or hereafter acquired by the Association, or benefited by easement to it, pursuant to the provisions hereof, or otherwise, for the common use and the enjoyment of the Owners, or for the operation of the Association. The Common Elements may include, without limitation, open spaces, reserve areas, entranceway and community border features, walking trails, detention areas, bank/cluster mailbox(s), a clubhouse, if any, an outdoor swimming pool, if any, and other property designated by Declarant or the Board (as the Board will be constituted following the Turnover Date) to be Common Elements, and benefiting the Owners and Occupants of the Lots and Improvements in the Community. Upon conveyance to the Association, the Common Elements will include, but not be limited to, Block "A", C.A. #1-1, C.A. #1-2, and C.A. #1-3, respectively, as described in the plat that will be recorded with the Recorder's Office of Hamilton County, Indiana entitled "Secondary Plat of the Courtyards of Carmel Section 1" attached to this Declaration as Exhibit B (the "Section 1 Plat"), and by this reference incorporated herein, and may include additional areas in the future. I. "Common Expense" — an expense incurred in owning, maintaining, improving or operating the Common Elements; in performing maintenance, repair and replacement obligations of the Association pursuant to the Association Governing Documents, applicable zoning regulations, approved plats, recorded easements or any agreement entered into by the Declarant or the Board on behalf of the Association; or in operating the Association pursuant to the provisions of the Association Governing Documents and the Indiana HOA Act. J. "Community" or "The Courtyards of Carmel" — all property that at any time has been subjected to the provisions of this Declaration, initially including all of the Property described in Exhibit A attached to this Declaration, and will include all property subjected to the provisions of the Declaration by amendment or supplement to the Declaration or by supplemental declaration, in accordance with Article I, and all property owned by the Association (including the Common Elements), together with all easements and appurtenances. K. "Courtyard Easement" — means an easement located on a Courtyard Lot and benefitting a contiguous Courtyard Lot, or Courtyard Lots, and the owners thereof and permitting and providing for the construction, reconstruction, maintenance, repair, replacement and use of an enclosed courtyard area and the improvements within that area, including, but not limited to, patios, porches, fire pits, water features, and landscaping. The Courtyard Easement area on a Courtyard Lot is an area bounded generally by the side of the Dwelling located on that Courtyard Lot, fences extending to and from the Dwelling on that Courtyard Lot and the Dwelling or another fence on the adjacent contiguous Courtyard Lot, or Courtyard Lots, to which the fences extend, and the property boundary line between the contiguous Courtyard Lots all as initially constructed by Declarant and/or shown on a recorded plat of the Community. L. "Courtyard Lot" — a Lot on which a Courtyard Easement is located or which is benefitted by a Courtyard Easement and includes Lots 1-7, both inclusive, as designated on the Section 1 Plat and such other Lots in the Community that are designated by Declarant to be Courtyard Lots. Each Courtyard Lot is also a Lot and a Residential Lot. M. "Declarant" — Epcon Carmel, LLC, an Indiana limited liability company, and any successor or assignee to which it specifically assigns any of its rights and which assumes its obligations hereunder by a written instrument which is recorded in the Recorder's Office of Hamilton County, Indiana. N. "Declaration" — this instrument, by which the Property is hereby submitted to the provisions hereof, as the same may be amended or supplemented from time to time. O. "Design Review Committee" — the committee appointed by the Board to have the power and authority to establish and enforce architectural standards governing the construction of, and all subsequent modifications, additions or alterations to, Improvements in the Community and to review, approve or disapprove the same. P. "Dwelling" or "Residence" — an Improvement on a Residential Lot intended exclusively for occupancy as a single-family home and purposes customarily incidental thereto. Q. "Exempt Property" — means the portion of the real property within the Community (1) now or hereafter dedicated to common public use or owned by the United States, the State of Indiana, any County, Village, City, Township, school board, or similar governmental body, or any instrumentality or agency or any such entity, for so long as any such entity or any such instrumentality or agency shall be the owner thereof, or (2) owned by the Association; provided in either such case, the same is not utilized as a Residence. R. "Improvements" — all man made or man installed alterations to the Property which cause the Property to deviate from its natural condition, including, but not limited to, single-family homes, Dwellings, buildings, outbuildings, sheds, garages and other structures; overhead, aboveground and underground installations, including, without limitation, utility facilities and systems, lines, pipes, wires, towers, cables, conduits, poles, antennae and satellite dishes; flagpoles; swimming pools, hot tubs, and spas; sport and recreational courts, fixtures and facilities, including basketball hoops, and lacrosse and soccer goals; children's recreational equipment or structures, including playground equipment, swing -sets, playhouses, tree houses and forts; pet houses, runs, and enclosures; changing of colors or materials; exterior ornamentations; exterior lighting; slope and drainage alterations; roads, driveways, uncovered parking areas and other such areas; fences, mailboxes, trellises, walls, retaining walls, exterior stairs, decks, patios and porches and walkways; planted trees, hedges, shrubs and other forms of landscaping; and all other structures or improvements of every type. S. "Indiana HOA Act" - The Indiana Homeowners Association Act (Ind. Code § 32- 25.5, et. seq.), as may be amended or supplemented from time to time. T. "Individual Residential Lot Assessment" — an Assessment that the Board may levy upon a Residential Lot and its Owner or Owners to reimburse the Association for costs incurred solely on behalf of that Residential Lot, or the Owner or Owners thereof, including, without limitation, costs associated with making repairs that are the responsibility of the Owner of that Residential Lot; costs of additional insurance premiums reasonably allocable to an Owner because of use of Improvements on that Residential Lot; costs of any utility expenses chargeable to an Owner but not separately billed by the utility company; administrative charges for violations of the Association Governing Documents, late charges, and interest on delinquent Assessments, and costs of collection of delinquent obligations to the Association, including, but not limited to, attorneys' fees and court costs, and all other charges reasonably determined to be chargeable solely to a Residential Lot and its Owner or Owners. U. "Lot" — a separate parcel of real property now or hereafter identified upon a recorded plat of the property in the Community, or any portion thereof, or recorded re -subdivision thereof and any other separate parcel of real property designated as a Lot by Declarant, and which property has been subjected to the provisions of this Declaration, including Courtyard Lots and Residential Lots, but excluding the Common Elements and any portion of the Property dedicated for public use. Declarant reserves the right to split and/or combine currently platted Lots into new platted Lots without the consent or approval of Owners of other Lots in the Community, as Declarant may deem such split or combination to be beneficial to the Property from time to time. Any and all references herein to a "Lot" shall include any such re -platted Lots. Once a split/combination is completed, the former lots shall cease to be "Lots" for any and all purposes hereunder. V. "Managing Agent" — the person or entity retained by the Board to assist in the management of the Association. W. "Member" — any Person or entity meeting the requirement for membership in the Association. X. "Occupant" — a person lawfully residing in or occupying a Dwelling on a Residential Lot, regardless of whether that Person is an Owner. Y. "Operating Assessment" — an Assessment that the Association through its Board may levy from time to time upon all Residential Lots, other than Exempt Property, and their Owners, pursuant to the terms of the Declaration and the Indiana HOA Act, to provide funds to pay Common Expenses, that is, funds needed to meet cash requirements of the Association for its operations and reasonable reserves. Z. "Owner" — the record owner, whether one or more persons or entities, of fee simple title to a Lot, excluding vendors under recorded land installment contracts, but including vendees under recorded land installment contracts, other contract sellers and the Declarant, but excluding all others having an interest merely as security for performance of an obligation. AA. "Person" — a natural individual, trustee, corporation, partnership, limited liability company, or other legal entity capable of holding title to real property. BB. "Property" — all of the real property described in Exhibit A attached to this Declaration and such Additional Property as may be added by amendment or supplement to this Declaration or otherwise added to the Community by a supplemental declaration or amendment or supplement to this Declaration from and after such time as the Additional Property is subjected to the provisions hereof, and also includes real property that is owned in fee simple by the Association together with all easements and appurtenances. CC. "Reserve Fund" — the fund established pursuant to Article IX. DD. "Residential Lot'— all Lots subjected to the provisions of this Declaration except for Exempt Property and Common Elements. EE. "Rules" — the rules and regulations governing (1) use of the Property in the Community, and (2) the conduct of Members and their respective families, guests, licensees and invitees, as may be established by the Board from time to time, together with the architectural standards that may be adopted by the Design Review Committee or the Board from time to time. FF. "Special Assessment" — an Assessment that the Association through its Board may levy upon all Residential Lots and the Residential Lot Owners to pay for unanticipated operating deficiencies, or to pay for capital expenditures not regularly budgeted and not to be paid out of monetary reserves, such as costs for major capital improvement replacements and for major new capital improvements, or any other similar purpose determined appropriate by the Board in furtherance of its functions hereunder. GG. "State" — the State of Indiana, and, unless the context requires otherwise, any political subdivision thereof exercising jurisdiction over the Property. HH. "Turnover Date" — the date on which Declarant relinquishes its exclusive right to appoint all members of the Board, which date shall be no later than the date when the Community, including all "Additional Property", has been fully developed and all Lots have been deeded to bona fide purchasers unrelated to Declarant or builders approved by Declarant; provided Declarant reserves the right, in its sole and unfettered discretion, to turn over control of the Association, or selected functions thereof, at such earlier time as Declarant determines, in its sole discretion. Article III. GOALS The covenants, easements, conditions and restrictions contained in this Declaration are declared to be in furtherance of the following purposes: A. Compliance with all zoning and similar governmental regulations; B. Promotion of the health, safety and welfare of all Owners and residents of the Property which is and are part of the Community; C. Preservation, beautification and maintenance of the Property and all Improvements as provided for in the Association Governing Documents; D. Ownership, administration, preservation, beautification and maintenance of the Common Elements and all Improvements thereon; E. Enforcement of architectural controls and restrictions applicable to the Community; F. Providing for mandatory membership of Owners in the Community, as it may be constituted, from time to time, in the Association, and for the assessment and collection of funds to fulfill its objectives; G. Establishment of requirements for the development and use of the Property; and H. Compliance with the provisions of the Indiana HOA Act. Article IV. USE RESTRICTIONS The following restrictions and covenants concerning the use and occupancy of the Property and Improvements thereon shall run with the land and be binding upon the Declarant and every Owner and Occupant, their respective heirs, successors and assigns, as well as their licensees, family members, guests, and invitees: A. Use of Residential Lots. Except as otherwise expressly permitted herein, each Residential Lot shall be occupied and used exclusively for single-family, residential purposes and purposes customarily incidental thereto. No building on a Residential Lot, nor any portion of any Residential Lot, shall be used for any purpose other than that of a residence for individuals living together as a single housekeeping unit, and uses customarily incidental thereto, including, without limitation, courtyard areas. Specifically, no building may be used as a rooming house, group home, commercial foster home, fraternity or sorority house, or any similar type of lodging, care or treatment facility. No structure of a temporary character, trailer, basement, tent, shack, garage, barn, or other outbuilding shall be used on any Residential Lot at any time as a residence either temporarily or permanently; provided, however, that nothing herein shall prevent the use of trailers or temporary buildings by Declarant or by builders approved by Declarant for sales and construction management and related uses during the construction and sale of Dwellings in the Community. All Improvements are also subject to and shall continue to be subject to the requirements of any governmental entity exercising jurisdiction over such Improvements and the Residential Lot. B. Use of Common Elements. Any Common Element may be used only in accordance with the purposes for which it is intended and for any reasonable purposes incidental to the residential use of a Residential Lot and shall be subject to the Rules governing the use as promulgated by the Association. All uses of the Common Elements owned by the Association shall benefit or promote the health, safety, welfare, convenience, comfort, recreation, and enjoyment of Owners and Occupants, and shall comply with the provisions of this Declaration, the laws of the State, the Rules, and the other Association Governing Documents. The Association, acting through its Board of Directors, shall possess all power and authority vested in it pursuant to the Articles of Incorporation and By -Laws, the Declaration, the other Association Governing Documents, and the Indiana HOA Act, including, but not limited to, the right to (1) contract, lease, or assign interest in; (2) initiate, defend, negotiate and settle claims arising from casualty, condemnation or other actions with respect to; and (3) establish Rules governing conduct upon the Common Elements owned by the Association and all Improvements located thereon. The foregoing notwithstanding, no clubhouse or swimming pool located on a Common Element may be rented or leased solely to the general public. C. Hazardous Actions or Materials. Nothing shall be done or kept in or on any Lot or in or on any portion of the Common Elements that is unlawful or hazardous, that might reasonably be expected to increase the cost of casualty or public liability insurance covering the Common Elements, or that might or that does unreasonably disturb the quiet occupancy of any Person occupying a Dwelling on any other Lot. These provisions shall not be construed so as to prohibit the Declarant (or a builder of Residences as approved by Declarant) from construction activities consistent with reasonable residential construction practices. D. Signs. No signs of any character shall be erected, posted or displayed upon the Property, except: (1) marketing signs installed by the Declarant (or a builder of Residences as approved by Declarant) while marketing the Lots and Dwellings for sale or rent; (2) street and identification signs installed by the Association, a local governmental body having jurisdiction over the streets within the Community or the Declarant; (3) one temporary real estate sign on a Residential Lot not to exceed six square feet in area advertising that such Residential Lot is for sale or rent; (4) signs on the Common Elements installed by or at the discretion of the Board or the Declarant; and (5) within thirty (30) days before, and not to exceed five (5) days after, a public governmental election, up to three temporary "Signs" (as such term is defined in Ind. Code § 32- 21-13-3) related to such governmental election of not more than six (6) square feet each may be placed on a Residential Lot by the Owner of that Lot, and any such signs which do not fall under the definition of a "Sign" pursuant to Ind. Code § 32-21-13-3 or otherwise violate or do not comply with the rules regulations set forth in this Article IV(D)(5) may be removed by the Association. No signs may be posted in or on any portions of the Common Elements owned by the Association except signs authorized and approved by the Board. E. Animals. Except as hereinafter provided, no animals, reptiles, livestock or poultry of any kind shall be raised, bred or kept on any Lot, or in or upon any part of the Common Elements. Notwithstanding the foregoing, household domestic pets, not bred or maintained for commercial purposes, may be maintained inside of a Dwelling constructed on a Residential Lot, provided that: (1) the maintaining of animals shall be subject to such rules and regulations as the Board may from time to time promulgate, including, without limitation, the right to place limitations on the size, number and type of such pets, and the right to levy administrative and enforcement charges against persons who do not clean up after their pets; and (2) the right of an Owner or Occupant to maintain an animal in a Dwelling on a Residential Lot shall be subject to termination if the Board, in its full and complete discretion, determines that maintenance of the animal constitutes a nuisance, creates a detrimental effect on the Community or other Lots or Occupants, or possession of which violates any law, rule or ordinance promulgated by a governmental or quasi -governmental entity. Any animal which is wild, dangerous or undomesticated is specifically prohibited. Outdoor doghouses, animal cages or runs are prohibited without the express prior approval of the Design Review Committee. F. Nuisances. No noxious or offensive trade shall be permitted on the Property or within any Dwelling, building or other structure located on the Property, nor shall any use be made nor condition allowed to exist on any Residential Lot which unreasonably disturbs or interferes with the quiet occupancy of any Person occupying a Dwelling on any other Residential Lot. These provisions shall not be construed so as to prohibit Declarant or any other builder of Dwellings in the Community from construction activities consistent with reasonable or customary residential construction practices. G. Business. No industry, business, trade, occupation or profession of any kind may be conducted, operated or established on the Property, without the prior written approval of the Board. This provision shall not prohibit: (1) a "home office", provided such use does not entail any non-resident employees, generate any traffic or additional parking, require any signage, and is operated in compliance with all laws including any Rules established by the Board and applicable governmental regulations; (2) an Owner or Occupant from maintaining a personal or professional library, keeping personal business or professional records or accounts, conducting personal business, making professional telephone calls or corresponding in or from a Dwelling; or (3) during the construction and initial sales period, the use of Lots, including Dwellings and other Improvements constructed thereon, and Common Elements for construction and sales purposes by Declarant and/or by builders of Dwellings approved by Declarant, including the construction and operation of sales models and/or trailers by Declarant and/or by builders of Dwellings as approved by Declarant, in its sole discretion, until Dwellings have been constructed on all Residential Lots and all Lots with Dwellings on them have been conveyed to bona fide residential home purchasers. H. Storage. Except for the reasonably necessary activities of the Declarant during the development of the Property (including the construction of Dwellings or other Improvements by Declarant), no open storage of any kind is permitted and no storage buildings, barns or sheds of any kind are permitted on any Residential Lot. The limitations contained in this Section shall not apply to any storage as may be necessary during the construction of a Dwelling on a Residential Lot by Declarant or builders approved by Declarant. 1. Hotel/Transient Uses: Leases. No Residential Lot and no Dwelling or Improvement on a Residential Lot may be used for hotel or transient uses, including without limitation, uses in which an Occupant is provided customary hotel services such as room service for food and beverage, maid service, furnishing laundry and linen, or similar services, or leases to roomers or boarders that is, rental to one or more Persons of only a portion of a Dwelling on the Residential Lot. All leases shall be in writing and shall be subject to this Declaration and the other Association Governing Documents. J. Vehicles. 1. The Board is granted the power and authority and shall be entitled to create and enforce reasonable Rules concerning placement and the parking of any vehicle permitted in or on the Property or in the Community, including, without limiting the 10 generality of the foregoing, on any Lot or Common Element. In addition to the Board's authority to levy Individual Residential Lot Assessments as administrative or enforcement charges for the violation of such Rules, the Board shall be authorized to cause the removal of any vehicle violating such Rules, including on Lots and/or Common Elements, unless such vehicles are located in permitted, enclosed structures shielded from view. 2. No commercial vehicles, snowmobiles, watercraft, trailers, campers, buses or mobile homes shall be parked or stored on the Common Elements or on any Lot (except in an enclosed permitted structure shielded from view) for a total of more than twenty-four (24) hours in any 10-day period. Nothing contained herein shall prohibit the reasonable use of such vehicles as may be necessary during construction of Dwellings or Improvements on the Lots or the development of the Community by Declarant or builders, employees and contractors approved by Declarant. In addition, no automobile or other motorized vehicle of any type or description which is not functionally or legally operable on public highways shall be kept, stored, operated or maintained on or in front of any Lot or on the Common Elements within the Community for a period longer than seven (7) days, unless the same is entirely contained and shielded from view within a permitted enclosed structure. After such time the vehicle, trailer or part shall be deemed to be a nuisance, and may be removed by the Association, at the Lot Owner's expense and the Board may levy an Individual Residential Lot Assessment for such violation and for the costs. For the purpose of this Section, the terms "truck" and "prohibited commercial vehicle" shall include all vehicles that have a length of more than twenty-one (21) feet and all vehicles that include any visible exterior storage of tools or materials; provided, however, that up to two ladders may be visible. Dump trucks, tow trucks, flat bed car hauling trucks, panel trucks and vans larger than one -ton capacity, pickup trucks larger than one -ton capacity, and semi type tractors and trailers, shall in every instance be considered to be a prohibited truck and/or a prohibited commercial vehicle. For the purpose of this Section, the word "trailer" shall include landscaping trailer, open bed trailer, trailer coach, house trailer, mobile home, automobile trailer, camp car, camper or any other vehicle, whether or not self-propelled, constructed or existing in such a manner as would permit use and occupancy thereof, or for storage or the conveyance of personal property, whether resting on wheels, jacks, tires or other foundation. K. Trash. Except for the reasonably necessary activities of the Declarant during the development of the Property, no burning or storage of trash of any kind shall be permitted on the Property. All trash shall be deposited in covered, sanitary containers and stored either inside of a permitted structure or within areas approved by the Design Review Committee or Board. Any permitted structure or screened area on a Lot must comply with all requirements of any and all governmental entities having jurisdiction over the Lot. The foregoing notwithstanding, trash cans and other waste containers shall be permitted to be placed near the street or designated pick-up area on days when refuse collection occurs or as otherwise permitted by the Rules. No emptied trash containers shall be allowed to remain visible for more than twelve (12) hours following the trash pick-up. 11 L. Antennae. To the extent such prohibition is permitted by federal legislation, no radio, satellite dish, television or other electronic antennae or aerial may be erected or maintained on any Residential Lot or on the exterior of any Improvement, without the prior written approval of the Design Review Committee or Board. Standard TV antennae and other over -the -air reception devices (including satellite dishes) of one meter (39.4 inches) in diameter or less shall be permitted; provided, however, that, unless otherwise prohibited by federal legislation, no exterior antenna, satellite dish or similar exterior improvement shall be installed upon any Residential Lot without first providing written notice to the Design Review Committee. Installation of standard TV antennae and over -the -air reception devices shall comply with any and all rules and guidelines adopted by the Design Review Committee or the Board concerning location and general screening requirements and reasonable color blending requirements in order to minimize visual disturbance; provided, however, that such rules or regulations do not unreasonably increase the cost of installing, maintaining, or using such devices, or otherwise unreasonably delay an Owner's or Occupant's right to receive acceptable over -the -air signals. M. Utility Lines. All newly installed utility lines on the Property shall be underground, subject to the requirements of relevant governmental authorities and utility companies. N. Tanks. No tanks for the storage of propane gas, fuel oil or any other combustible substance shall be permitted to be located above or beneath the ground of any Residential Lot except that up to two (2) propane tanks, of the size customarily used in residential propane gas grills are permitted for use with a propane gas grill. This Section shall not apply to the Declarant or builders or contractors approved by the Declarant during the construction of any Dwellings or Improvements on Lots or to any Lot containing Declarant's sales or construction trailer(s). O. Fencing. Except as otherwise provided herein, no fence may be constructed on any Residential Lot except those installed by Declarant or the Association or a fence enclosing a courtyard area as approved by the Declarant or the Design Review Committee. Permitted fences shall comply with the architectural standards established for the Community. The foregoing notwithstanding, fencing may be installed on the Common Elements in the discretion of the Declarant or the Board. P. Swimming, Pools. No above -ground or in -ground swimming pool shall be permitted on any Residential Lot. The foregoing notwithstanding, the Design Review Committee may, in its sole an absolute discretion, allow a hot tub or sauna to be installed on a Residential Lot so long as the hot tub or sauna is designed for no more than eight (S) adults and meets such requirements as the Design Review Committee lawfully requires. Q. Compliance with Zoning Requirements. Compliance with all applicable governmental requirements, for so long as such requirements are effective and binding, is required by this Declaration. However, in the event the governmental entity(ies) change or agree to a modification of such underlying obligation(s) to be more strict or more restrictive than those set forth in this Declaration, this Declaration shall be deemed modified, ipso facto and without the need for further action on the part of the Declarant or any Member, such that this Declaration requires compliance with such obligation as affected by such change or modification. 12 R. Miscellaneous. The following Improvements shall not be permitted on any Lot: (1) outdoor clotheslines; and (2) window air conditioning units. S. Occupancy Restriction. No rule or action by the Association or Board shall violate the following occupancy restriction. The Association and Owners must comply with the following restrictive covenants regarding occupancy. Except as hereinafter provided, at least eighty percent (80%) of the occupied Dwellings shall at all times have as a Permanent Occupant therein at least one person who is fifty-five (55) years of age or older ("Qualifying Occupant"); provided, in the event of (i) the death of a person who was the sole Qualifying Occupant of a Dwelling; (ii) a legal separation or divorce resulting in the sole Qualifying Occupant of a Dwelling moving out of the Dwelling, or (iii) the removal by reason of incapacitation (e.g. being placed in a nursing home) of the sole Qualifying Occupant of a Dwelling, then the spouse (or former spouse, in the case of a divorce) and any other members of the household occupying the Dwelling prior to the death, legal separation or divorce, or incapacitation of such Qualifying Occupant may continue to occupy the Dwelling. For purposes of this subsection, an Occupant shall not be considered a "Permanent Occupant" unless such Occupant considers the Dwelling to be his or her primary legal residence and actually resides in the Dwelling for at least six (6) months during every calendar year or such shorter period as the Dwelling is actually occupied by any person. Nothing in this Subsection is intended to restrict the ownership of, or transfer of title to, any Dwelling; provided, no Owner may occupy the Dwelling unless the requirements of this subsection are met nor shall any Owner permit occupancy of the Dwelling in violation of the provisions of this subsection. The Association shall be responsible at all times for maintaining age records on all Occupants of Dwellings. On or before January 1 of each calendar year, the Association shall conduct a census of all Occupants of Dwellings. The Association, through its Board, shall adopt rules and regulations to monitor and maintain compliance with the provision of this subsection, including policies regarding visitors, updating of age records, the granting of exemptions pursuant to the provisions hereof, and enforcement. The Association shall periodically distribute such rules and regulations to the Owners and make copies available to the Owners, their tenants, and mortgagees upon reasonable request. The Association, through its Board, shall have the obligation to administer and enforce the provisions of this subsection in any legal manner available, as it deems appropriate, including, without limitation, conducting a census of the Occupants of Units, requiring copies of birth certificates or other proof of age for each Occupant of the Dwelling to be provided to it on a periodic basis, and taking action to evict the occupants of any Dwelling which does not comply with the requirements and restrictions of this Subsection. EACH OWNER HEREBY APPOINTS THE ASSOCIATION AS ITS ATTORNEY -IN -FACT FOR THE PURPOSE OF TAKING LEGAL ACTION, INCLUDING, WITHOUT LIMITATION, LEGAL ACTION TO DISPOSSESS, EVICT, OR OTHERWISE REMOVE THE OCCUPANTS OF THAT OWNER'S DWELLING AS NECESSARY TO ENFORCE COMPLIANCE WITH THIS SUBSECTION. Each Owner shall fully and truthfully respond to any and all requests by the Association for information regarding the occupancy of that Owner's Dwelling which in the judgment of the Board are reasonably necessary to monitor compliance with the provisions of this subsection. 13 Each Owner shall be responsible for ensuring compliance of that Owner's Dwelling with the requirements and restrictions of this subsection, and the rules of the Association adopted hereunder, by that Dwelling and by its tenants and other Occupants of that Owner's Dwelling. EACH OWNER, BY ACCEPTANCE OF TITLE TO A DWELLING, AGREES TO INDEMNIFY, DEFEND, AND HOLD THE ASSOCIATION HARMLESS FROM ANY AND ALL CLAIMS, LOSSES, DAMAGES, AND CAUSES OF ACTION WHICH MAY ARISE FROM FAILURE OF THAT OWNER'S DWELLING TO SO COMPLY. Article V. ARCHITECTURAL STANDARDS All Property at any time subject to the provisions of this Declaration shall be governed and controlled by this Article V. A. Design Review Committee. The Design Review Committee shall be a committee consisting of not less than three (3) persons, except that prior to the Turnover Date, Declarant shall have the sole and exclusive right to (1) appoint and remove all members of the Design Review Committee, at will; (2) serve itself as the Design Review Committee; or (3) delegate to the Association's Managing Agent the responsibility to act as the Design Review Committee. After the Turnover Date, the Board shall have the right, in its discretion, to appoint and remove all members to the Design Review Committee, to delegate to the Association's Managing Agent (if applicable) the responsibility to act as the Design Review Committee, or the Board of Directors may, in its discretion, serve as the Design Review Committee. The Design Review Committee shall have the exclusive authority to determine the architectural standards which shall govern the construction of Improvements on a Residential Lot. Each Owner covenants and agrees by acceptance of a deed to a Residential Lot, to comply with, and to cause that Owner's Residential Lot and any Occupant thereof to comply with the standards adopted by the Design Review Committee and the provisions of the Declaration. No Improvement shall be placed, altered, erected or installed on a Residential Lot, no plantings or removal of plants, shrubs or trees on a Residential Lot shall be permitted, and no construction (which term shall include in its definition staking, clearing, excavation, grading and other site work) shall be commenced or continued on a Residential Lot until and unless the Owner first obtains the written approval thereof by the Design Review Committee and otherwise complies with any zoning regulations and all provisions of the Association Governing Documents. If the Design Review Committee consists of appointed individuals, the Design Review Committee shall act in accordance with the concurrence of a majority of its members. B. Modifications. Except as otherwise provided in this Declaration, the Design Review Committee and local governmental authorities having jurisdiction over the Property in the Community shall have jurisdiction over all construction, modifications, additions or alterationsof Improvements on or to the Property, including each Residential Lot and the Dwelling and other Improvements constructed on the Residential Lot. No Person, without first obtaining the written consent of the Design Review Committee, shall construct, install or modify any Improvements on a Residential Lot, alter any surfaces of existing Improvements, change paint colors or roofing materials, construct or modify fencing, install any permanent recreational device; install any 14 swing -set, playground, basketball hoop, or other similar Improvement, change the grade or contour of any Residential Lot, change the material of any driveway, modify the exterior lighting, change the mailbox or address marker, construct or have installed any porch, deck, patio, gazebo, or fence, modify any landscaping, install any sign(s) not otherwise prohibited herein or by applicable law, unless explicitly permitted herein, or otherwise modify or alter any Improvement visible to other Residential Lots or the Common Elements. Owners shall submit plans and specifications showing the nature, kind, shape, color, size, materials and location of Improvements and alterations to the Design Review Committee for its approval. Without limiting the generality of the foregoing, in connection with the Design Review Committee's exclusive authority to review and approve or disapprove proposed Improvements the Design Review Committee may, among other things, require screening, the use of certain materials and/or colors for a proposed Improvement and designate the location of said Improvement. The Design Review Committee may charge a nominal fee in connection with processing applications submitted pursuant to this Section. Nothing contained herein shall be construed to limit the right of an Owner to remodel or decorate the interior of that Owner's Dwelling. All construction, modifications, additions or alterations of Improvements on or to the Property must comply with the requirements of the local governmental authority having jurisdiction over the Property. C. Variances. To avoid unnecessary hardship and/or to overcome practical difficulties in the application of the provisions of this Declaration, the Design Review Committee shall have the authority to grant reasonable variances from the provisions of the architectural standards established pursuant to this Article V or by the Design Review Committee, provided that the activity or condition is not prohibited by applicable law, rule, regulation or ordinance; and provided further that, in the judgment of the Design Review Committee, the variance is in the best interest of the Community and is within the spirit of the standards of the Design Review Committee. No variance granted pursuant to this Section shall constitute a waiver of any provision of this Declaration and/or other Association Governing Documents, as applied to any other Person or any other part of the Property. D. Improvements by Declarant. The foregoing to the contrary notwithstanding, all Improvements, including, but not limited to, Dwellings, buildings, courtyards and landscaping constructed by the Declarant, or its agents, or designated assignees, or constructed by builders approved by Declarant, shall be deemed to comply in all respects with the provisions of this Declaration, any design guidelines, and the requirements of the Design Review Committee or Board, and shall not require approval of the Association, the Board, the Owners or the Design Review Committee; provided that such Improvements comply with the provisions of this Declaration and the required architectural standards for the Community adopted by the Declarant. E. Liability Relating to Approvals. Neither Declarant, the Association, the Board, the Design Review Committee, nor any member thereof, nor any of their respective heirs, personal representatives, successors and assigns, shall be liable to anyone submitting plans and specifications for approval by reason of mistakes of judgment, negligence, or nonfeasance arising out of, or in connection with the approval or disapproval or failure to approve the same. Every Person and Residential Lot Owner who submits plans and/or specifications or otherwise requests approval from the Design Review Committee agrees, by submission thereof, that they will not 15 bring any action or suit, seek damages, or otherwise attempt to compel the approval of the same. Each Residential Lot Owner shall be responsible for ensuring that any Improvements constructed on their Residential Lot comply with any zoning ordinances and any easements, covenants and conditions of record. Article VI. EASEMENTS AND LICENSES A. Easement of Access and Enjoyment Over Common Elements. Every Owner shall have a right and easement (in common with all other Owners) of enjoyment in, over, and upon the Common Elements (if any) owned by the Association, and a right of access to and from that Owner's Lot, which rights shall be appurtenant to, and shall pass with the title to, that Owner's Lot, subject to the terms and limitations set forth in this Declaration and subject to the Rules and other Association Governing Documents. An Owner may delegate that Owner's rights of access and enjoyment to family members, Occupants, guests and invitees. All such easements are limited by such restrictions as may apply to the Common Elements affected thereby, and no Person shall have the right by virtue of such easements to engage in activities on the Common Elements which are not permitted according to the provisions of this Declaration and/or other Association Governing Documents, pursuant to the provisions of any applicable plat(s) or under agreements with any governmental entities or other third parties. B. Courtyard Easements. Each Courtyard Lot ("Burdened Courtyard Lot") in The Courtyards of Carmel is hereby made subject to and burdened with a "Courtyard Easement" in favor of and benefitting an immediately contiguous Courtyard Lot or Courtyard Lots ("Contiguous Courtyard Lot(s)") which has a part of a Contiguous Courtyard Lot's courtyard, or Contiguous Courtyard Lots' courtyards, located on the Burdened Courtyard Lot. The Owner or Owners of each Burdened Courtyard Lot grants to the Owners and Occupants of the Contiguous Courtyard Lot(s) adjacent to that Burdened Courtyard Lot the right to construct, reconstruct, maintain, repair, replace and use an enclosed courtyard area and the improvements within that area, including, but not limited to, patios, porches, fire pits, water features, and landscaping, as well as the fencing enclosing the courtyard, located on a portion of the Burdened Courtyard Lot. The Courtyard Easement area is limited to an area bounded generally by the side of the Dwelling or a fence constructed on the Burdened Courtyard Lot, fences extending to and from the Dwelling or fence on the Burdened Courtyard Lot and the Dwelling(s) constructed on the Contiguous Courtyard Lot(s) to which the fences extend, and the property boundary line between the Courtyard Lots, all as initially constructed by Declarant (or its specific successors and assigns) and/or shown on a recorded plat of the Community. The Owners and/or Occupants of the Contiguous Courtyard Lot(s) shall not temporarily or permanently attach or affix any improvements to the Dwelling on the Burdened Courtyard Lot or otherwise cause damage to it when exercising that Owner's or Occupant's rights created pursuant to the Courtyard Easement. The Owners and/or Occupants of the Contiguous Courtyard Lot(s) shall neither relocate the location of the courtyard fencing constructed by Declarant nor modify the location or size of the Owners and/or Occupants' enclosed courtyard area. The Owner of the Burdened Courtyard Lot shall have a right of entry and access to, over, upon and through the Courtyard Easement, for the sole purpose of enabling that Owner (or that 16 Owner's designees) to perform obligations, rights, and duties pursuant hereto with regard to reasonable and necessary maintenance, repair, and restoration of that Dwelling on the Burdened Courtyard Lot. In the event of an emergency, the Burdened Courtyard Lot Owner's right of entry to the Courtyard Easement may be exercised without notice; otherwise, the Burdened Courtyard Lot Owner shall give the Owners or Occupants of the Contiguous Courtyard Lot(s) no less than twenty-four (24) hours advance notice prior to entering the adjacent Courtyard Easement. C. Right of Entry for Repair. The Association, through its authorized agents, contractors, and representatives, shall have a right of entry and access to, over, upon and through all of the Property subject to this Declaration, including without limitation the Lots and Courtyard Easements, for the purpose of performing the Association's obligations, rights and duties pursuant to the Association Governing Documents with regard to enforcement of the covenants, restrictions and other provisions of the Declaration and the Association Governing Documents, and the maintenance, repair, restoration and/or servicing of any items, things or areas for which the Association has responsibility or the right to perform. The Association may enter any Lot at any time to perform its obligations under the Association Governing Documents. In addition, the Association may enter a Lot to remove or correct any violation of any provision of the Association Governing Documents, including but not limited to the provisions of the Declaration and the Rules, but only during reasonable hours and after providing seventy-two (72) hours advance notice to the Owner, except in cases of emergency. D. Easement of Access over Sidewalks. Every Owner and Occupant, and their respective guests and invitees, shall have a right and easement in, over, and upon the sidewalks within the Community (but not the service walks connecting the driveway on a Residential Lot to the front porch, stoop or courtyard of the Dwelling on the Residential Lot) for purposes of pedestrian ingress and egress and pedestrian movement throughout the Community. The easements shall run with the land and be binding on the Owners and their successors and assigns. E. Easement for Utilities and Other Purposes. The Board or Declarant may convey easements over the Common Elements owned by the Association to any entity for the purpose of constructing, installing, maintaining, and operating poles, pipes, conduits, wires, ducts, cables, stormwater control improvements and other equipment necessary to furnish electrical, gas, sewer, water, telephone, cable television, stormwater drainage and other similar utility or security services, whether of public or private nature, to the Community and to any entity for such other purposes as the Board or Declarant deems appropriate; provided that such equipment or the exercise of such easement rights shall not unreasonably interfere with any Owners' use and enjoyment of that Owner's Lot. The Board or Declarant may grant such easements over all portions of the Community for the benefit of adjacent properties as the Board or Declarant deems appropriate; provided that the grant of such easements imposes no undue, unreasonable, or material burden or cost upon any property in the Community, and further provided that the Board or Declarant may not convey any easement over a Lot without the prior written consent of the Owner of such Lot (which consent shall not be unreasonably withheld, delayed or conditioned). F. Easement for Services. A non-exclusive easement is hereby granted to all police, firefighters, ambulance operators, mail carriers, delivery persons, garbage removal personnel, and 17 all similar persons, and to the local governmental authorities and the Association (but not to the public in general) to enter upon the Common Elements owned by the Association to perform their duties. G. Easement to the Association for Maintenance. A non-exclusive easement is hereby granted to the Association to enter upon, over or through the Property, including each Lot, for the purpose of performing maintenance responsibilities reserved to the Association in the recorded plats for the Community or in this Declaration or the other Association Governing Documents, as amended from time to time. H. Easements on Plats. In addition to the easements described and set forth in this Article VI, the Property shall at all times be subject to any easements described and depicted on any recorded plat or plats for the Property, as the same may be amended from time to time. I. General. Unless specifically limited herein otherwise, the easements described herein shall run with the land and pass with the title to the benefited and burdened properties, shall be appurtenant to the properties benefited and burdened thereby, shall be enforceable by the owners of the properties benefited thereby, and shall be perpetual. The easements and grants provided herein shall in no way affect any other recorded grant or easement. Failure to refer specifically to any or all of the easements and/or rights described in this Declaration in any deed of conveyance or in any mortgage or other evidence of obligation shall not defeat or fail to reserve said rights or easements but the same shall be deemed conveyed or encumbered, as the case may be, along with the Lot. Article VII. ASSOCIATION MEMBERSHIP AND VOTING RIGHTS A. Mandator MembershiR. Every Owner of a Residential Lot is and shall be a Member of the Association. In the case of a Residential Lot that is the subject of a recorded land installment contract, the vendee or vendees under that installment contract and not the vendor shall, while holding such interest, be a Member of the Association. There shall only be one membership per Residential Lot. In the event the fee simple interest in a Residential Lot, or ownership of the vendee interest in a Residential Lot, if applicable, is held by more than one Person, the co -interest holders of such interests while holding such interests collectively shall have only one membership in the Association as tenants -in -common, with respect to that Residential Lot. Such membership is appurtenant to and inseparable from such interests. Status as a Member shall automatically transfer to the transferee of that interest at the time the fee simple interest is transferred of record. Initially those Residential Lots to which these membership provisions apply are those Residential Lots that are subjected hereby to the provisions of this Declaration, but as portions of the Additional Property are subjected to the plan hereof by the recording of supplemental declarations or amendments or supplements to this Declaration, membership in the Association shall extend to and encompass the holders of fee simple interests in those Residential Lots, and holders of vendee interests under recorded land installment contracts with respect to those Residential Lots, on the same basis as set forth herein for membership. The foregoing is not intended to include Persons who hold an interest merely as security for the performance of an 18 obligation and the giving of a security interest or mortgage shall not terminate the membership of any Member or Owner, provided further, there shall not be a membership appurtenant to a Lot dedicated to common public use or owned by any governmental body, instrumentality or agency for so long as such body, instrumentality or agency owns that Lot and so long as it is not utilized as a Residence, nor for a Lot, if any, that becomes a Common Element, for so long as it remains a Common Element. B. Governance. The Association shall be governed by a Board of Directors, initially consisting of three persons, which initial three persons shall adopt the initial By -Laws for the Association. Prior to the Turnover Date, the members of the Board shall be appointed by the Declarant, or the Declarant may elect to act as the Board, or it may appoint a Managing Agent to act as the Board on its behalf. Voting shall be a right separate and distinct from all other rights of membership in the Association. All voting rights of all Members of the Association shall inure to and be exercisable by the Declarant through the Turnover Date. The transfer of control on the Turnover Date shall take place at a meeting which shall occur no later than the date when the Community has been fully developed and all Lots have been deeded to bona fide purchasers unrelated to Declarant or builders approved by Declarant. Voting and all other matters regarding the governance and operation of the Association following the Turnover Date shall be set forth in the Association Governing Documents. C. Powers: Authorities: Duties. The Association shall have all the rights, powers, and duties established, invested, or imposed in it pursuant to the Association Governing Documents, the Indiana HOA Act, and the laws of the State of Indiana applicable with respect to Indiana non- profit corporations. Among other things, the Association, through its Board, shall have the power to acquire, own and convey real estate, hold easements with respect to, and maintain the Common Elements and other real and personal property in accordance with the provisions of the Association Governing Documents, enforce and administer the Declaration, Rules, restrictions and covenants applicable to the Community, sue and be sued, levy and collect Assessments, collect and maintain reserves for replacements or anticipated expenditures, enter into contracts, mortgage and pledge all revenue received and to be received and/or to assign and pledge all revenues received or to be received by it under any provisions of the Association Governing Documents, including, but not limited to, the proceeds of the Assessments payable hereunder, and take such other actions as it deems appropriate to its purposes. The Association shall not be obligated to spend in any particular time period all the sums collected or received by it in such time period or in any other time period and may carry forward, as surplus, any balances remaining; nor shall the Association be obligated to apply any such surpluses to the reduction of the amount of the Assessment in any year, but may carry forward from year to year and time to time such surplus as the Board in its absolute discretion may determine to be desirable for the greater financial security of the Association and the effectuation of its purposes. Article VIII. RIGHTS AND OBLIGATIONS OF THE ASSOCIATION A. Common Elements. Declarant may, from time to time, at Declarant's option, obligate the Association to maintain property not owned by the Association and may convey to the Association for the use and benefit of the Association and the Members, real or personal 19 property, or any interest therein, as part of the Common Elements in the nature of an easement appurtenant to the Property. The Association shall accept title to any interest in any real or personal property transferred to it by Declarant or required to be owned by the Association pursuant to the provisions of applicable zoning or a plat of property in the Community including, without limitation, Block "A", C.A. #1-1, C.A. #1 2, and C.A. #1-3, respectively, as described in the Section 1 Plat. The Association, subject to the rights of the Owners set forth in this Declaration and the Association Governing Documents, shall be responsible for the exclusive management and control of the Common Elements owned by the Association, if any, and all Improvements thereon, and shall keep it in good, clean, attractive, and sanitary condition, order, and repair, in accordance with the terms and conditions of this Declaration. The Declarant and Association shall each have the right to grant easements to third parties over, across, under and/or through the Common Elements owned by the Association, including, but not limited to, easements for the construction, extension and/or expansion of utilities, and conservation easements, all as the Declarant and/or Association may be legally obligated or voluntarily disposed to grant. Regardless of whether Declarant expressly conveys or assigns entry feature maintenance responsibilities to the Association, the Association shall have the continuing right to maintain, modify and/or improve any and all entry features constructed by the Declarant, and for such purpose all relevant easements that may be deemed necessary at any time for the Association's performance of work on or around the entry features are hereby deemed granted to the Association. B. Personal Property- and Real Property for Common Use. Subject to the provisions of the Association Governing Documents and Indiana law (including specifically the Indiana HOA Act), the Association may acquire, hold, mortgage and dispose of tangible and intangible personal property and real property in addition to that property conveyed to it by Declarant. C. Cost -Sharing Agreements. Subject to the Indiana HOA Act, the Association shall have the power and authority to contract with any individual, corporation, firm or other entity, for the exercise of any one or more of the various powers and authority granted to and duties to be performed by the Association pursuant to the provisions of the Association Governing Documents, and to delegate such powers and authority to any agent or employee of the Association, and the exercise of those powers and authority by such person, corporation, firm, entity, agent or employee shall be deemed the exercise of those powers and authority by the Association, except that no independent contractor shall be deemed by virtue of these provisions to be the agent of the Association. There shall be no requirement of any bond or surety for the Association, its agents, employees, or others assuring the exercise of the powers and authority granted hereunder, except as the Board shall in its sole discretion deem necessary or desirable for the safeguarding of any funds received by the Association. Subject to the Indiana HOA Act, the Association may enter into agreements with other property owners and other community, subdivision and condominium associations and/or master associations pursuant to which the Association agrees (1) to share in the cost of maintaining, repairing and replacing landscaping, storm water retention facilities, mounding, fencing and any other improvements or services that benefit the Community or the Members; and (2) grant reciprocal rights, licenses and/or easements to members of other associations to use and enjoy each other's common elements, subject to such rules and regulations, restrictions and fees as the Association may determine from time to time. 20 D. Rules and Regulations. The Board on behalf of the Association may make and enforce reasonable Rules and regulations governing the use of the Property, which shall be consistent with this Declaration and the provisions of the Association Governing Documents. The Board, on behalf of the Association, shall have the power to impose sanctions on Owners for violations by that Owner or the guests or invitees of that Owner or by the Occupants of that Owner's Residential Lot or their guests and invitees of the provisions of this Declaration, the Rules or the other Association Governing Documents, including without limitation: (1) reasonable monetary administrative and enforcement charges which shall be considered Individual Residential Lot Assessments, and (2) suspension of the right of the Owner and that Owner's licensees and invitees, including any Occupant of that Owner's Residential Lot, to use the Common Elements owned by the Association except as necessary for ingress and egress to that Owner's Residential Lot. The Board shall have the right to suspend the voting rights of a Member for nonpayment of any Assessments provided that such Assessments are delinquent for more than six (6) months. In addition, the Board shall have the power to seek relief in any court for violations or to abate unreasonable disturbances. If the Board expends funds for attorneys' fees, costs or expenses in connection with enforcing the provisions of this Declaration, the Rules or other Association Governing Documents against any Owner, or any tenant, guest or invitee of an Owner, the amount shall be due and payable by such Owner and shall be an Individual Residential Lot Assessment against such Owner's Residential Lot. E. Implied Rights. The Association may exercise any other right or privilege given to it by the laws of the State or any provision of the Association Governing Documents or given to it as an "homeowners association" by the Indiana HOA Act, and every other right or privilege reasonably implied from the existence of any right or privilege granted in this Declaration, the other Association Governing Documents or the Indiana HOA Act, or reasonably necessary to effect any such right or privilege, and unless otherwise expressly reserved to the membership or delegated to a Managing Agent pursuant to Article VIII, Section F of this Declaration, the Board shall have the power and authority to act on behalf of the Association. F. Managing_Agent. The Board may retain and employ on behalf of the Association a Managing Agent, which may be the Declarant, and may delegate to the Managing Agent such duties as the Board might otherwise be authorized or obligated to perform. The compensation of the Managing Agent shall be a Common Expense. The term of any management agreement shall not exceed three (3) years and shall allow for termination by either party, without cause and without penalty, upon no more than ninety (90) days prior written notice. Part of the Managing Agent's compensation may include any miscellaneous fees payable in the event of transfers or other transactions involving a Residential Lot. G. Insurance. 1. Fire and Extended (Special Form) Coverage. The Association shall, with respect to insurable property or interests owned by or to be maintained by the Association, obtain and maintain insurance for all buildings, structures, fixtures and equipment and common personal property, now or at any time hereafter constituting a part of the Common Elements owned or to be maintained by the Association, against loss or damage by fire, lightning, and such other perils as are ordinarily insured against by standard coverage 21 endorsements, with such limits, deductibles, and coverage as is deemed appropriate by the Board. This insurance: i. shall provide that no assessment may be made against a first mortgage lender, or its insurer or guarantor, and that any assessment under such policy made against others may not become a lien on any Residential Lot, or other property, and its appurtenant interest, superior to the lien of a first mortgage; ii. shall be obtained from an insurance company authorized to write such insurance in the State of Indiana which has a current rating of Class A-NIII, or better, as determined by the then latest edition of Best's Insurance Reports or its successor guide; iii. shall be written in the name of the Association; and iv. shall provide that the insurance carrier shall notify the Association and all first mortgagees named at least 30 days in advance of the effective date of any cancellation of the policy. 2 Liability Coverage. The Association shall obtain and maintain a Commercial General Liability policy of insurance covering all of the Common Elements owned by or under the control of the Association, and the functions of the Association insuring the Association, the officers and directors, and its Members, with such limits as the Board may determine, but no less than the greater of (i) the amounts generally required by private institutional mortgage investors for projects similar in construction, location and use, and (ii) $1,000,000, for each occurrence and $2,000,000 in the aggregate, for bodily injury, including deaths of persons, and property damage. This insurance shall contain a "severability of interest" endorsement which shall preclude the insurer from denying the claim of any Member because of negligent acts of the Association, the Board, officers of the Association, or other Members, and shall include, without limitation, coverage for legal liability of the insureds for property damage, bodily injuries and deaths of persons in connection with the operation, maintenance or use of the Common Elements, and other legal liability, including liability under contractual indemnity clauses and liability arising out of lawsuits related to any employment contracts of the Association. Each such policy must provide that it may not be canceled by any party, without at least 30 days prior written notice to the Association and eligible holders of first mortgage liens on a Residential Lot or Residential Lots that have provided written notice to the Association stating the name and address of such holder or insurer and a description of the Residential Lot or Residential Lots subject to said mortgage. 3. Directors' and Officers' Liability Insurance. The Board shall obtain, or cause to be obtained, directors' and officers' liability insurance in an amount of not less than $1,000,000 for each claim and in the aggregate. 4. Other. The Association may, in the Board's discretion, obtain andmaintain 22 the following insurance: (i) fidelity bond coverage for all officers, directors, Board members and employees of the Association and all other persons handling or responsible for handling funds of the Association, (ii) workers' compensation insurance, (iii) additional insurance against such other hazards and casualties as is required by law, (iv) cybersecurity insurance, and (v) any other insurance the Board deems necessary. 5. Use of Proceeds. In the event of damage or destruction of any portion of the Common Elements owned or insured by the Association, the Association shall promptly repair or replace the same, to the extent that insurance proceeds are available. Each Member hereby appoints the Association as its attorney -in -fact for such purpose. If such proceeds are insufficient to cover the cost of the repair or replacement, then the Board may levy a Special Assessment pursuant to the provisions hereof to cover the additional costs. 6. Declarant Coverage. The foregoing provisions of this Section G notwithstanding, prior to the Turnover Date the Declarant may (but shall not be obligated to) elect to cause or allow the Association and its insurable interests in the Association's property, rights and obligations, to be covered by Declarant's existing insurance plan(s), which may or may not meet the monetary limitations described herein, and which may or may not include `self-insurance' by the Declarant, all as deemed appropriate by the Declarant in the exercise of its sole discretion. H. Condemnation. The Association shall represent the Owners in any condemnation proceedings or in negotiations, settlements and agreements with the condemning authority for acquisition of the Common Elements owned by the Association, or any portion thereof. Each Owner hereby irrevocably appoints the Association as its attorney -in -fact for such purpose. The awards or proceeds of any condemnation action shall be payable to the Association to be held in trust for the benefit of the Owners. Article IX. ASSESSMENTS A. Operating Fund. The Board shall establish an operating fund for financing the operation of the Association, for paying necessary costs and expenses of operating the Association and repairing and maintaining the Common Elements and any other items for which the Association is responsible for maintaining, repairing or replacing. The Board may establish a "Reserve Fund" to which a portion of the Operating Assessments shall be credited to cover the costs of future capital expenditures and/or other non -recurring items not intended to be funded from the Operating Fund. B. IyRes _of Assessments. Subject to the provisions of this Declaration, each Residential Lot and its Owner or Owners is and shall be subject to the following Assessments and the Owner or Owners of each Residential Lot, by accepting a deed to a Residential Lot (whether or not it shall be so expressed in such deed), is deemed to covenant and agree to pay to the Association the following Assessments: (1) Operating Assessments; (2) Special Assessments; and (3) Individual Residential Lot Assessments, all of which are to be established and collected as hereinafter provided. No Owner may gain exemption from liability for any Assessment by waiving 23 or foregoing the use or enjoyment of any of the Common Elements or by abandoning that Owner's Residential Lot, nor shall any such liability be subject to any set-off or reduction for any reason. C. O eratin Assessments. 1. For the purposes of providing funds to pay for Common Expenses, which shall specifically include, without limitation, the following: i. the cost of the maintenance, repair, replacement, and other services to be provided by the Association, whether for the Common Elements or otherwise; ii. the costs for insurance and bond premiums to be provided and paid for by the Association; iii. the cost for utility services, if any, charged to or otherwise properly payable by the Association; iv. the costs for construction of new capital improvements on Common Elements not replacing capital improvements installed by Declarant; V. the estimated amount required to be collected to maintain a general operating reserve to assure availability of funds for normal operations of the Association, in an amount deemed adequate by the Board in its sole and unfettered discretion; vi. an amount deemed adequate by the Board, in its sole andunfettered discretion, to maintain a reserve for the cost of unexpected repairs and replacements of capital improvements and for the repair and replacement of major improvements for which cash reserves over a period of time in excess of one year ought to be maintained; and vii. the costs for the operation, management and administration of the Association, including, but not limited to, fees for property management, real estate taxes and assessments for the Common Elements owned by the Association (but not individual Owner Residential Lots), fees for legal and accounting services, costs of mailing, postage, supplies and materials for operating the Association, and the salaries, wages, payroll charges and other costs to perform these services, and any other costs of operations of the Association not otherwise specifically excluded. The Board shall establish, levy and collect Operating Assessments against each Residential Lot with a Dwelling constructed thereon and its Owners subject to the same, an equal pro rata share of such costs, in accordance with the provisions of the Association Governing Documents. 2. An equal pro rata share of the Operating Assessments shall be assessed and 24 collected as follows: A. Initial Period. Commencing on the date a Residential Lot with a Dwelling constructed thereon is initially conveyed to a home purchaser other than Declarant, such Residential Lot and its Owner or Owners shall be subject to and obligated to pay to the Association an Operating Assessment for the remainder of the calendar year, as determined by the Board, in the proportion that the number of full calendar days remaining in the calendar year from the date of the closing of the conveyance of the Residential Lot is to 365. This amount may have been prepaid by the Declarant and if so, a credit back to the Declarant will be collected at the closing on the Residential Lot. B. Subsequent Calendar Year. For each full year following the year in which a Residential Lot with a Dwelling constructed thereon is first conveyed to a home purchaser other than Declarant, the Residential Lot and its Owner(s) shall be obligated to pay to the Association the full Operating Assessment for each such year. For each calendar year, the Board shall adopt a budget and establish an equal Operating Assessment amount, to be charged to each such Residential Lot with a Dwelling constructed thereon for such year. The Operating Assessment amount shall be determined by dividing equally among all Residential Lots in the Community that have a Dwelling constructed thereon and that have been conveyed to a home purchaser other than Declarant, the projected gross expenses anticipated to be incurred by the Association to operate the Association (including, without limitation, Common Expenses) during that calendar year (including the payment of all costs to be incurred in owning and/or maintaining all Common Elements, and appropriate reserve funds). The Declarant may pay, but is not obligated to pay, in the exercise of its sole and absolute discretion, (a) an amount equal to the per Residential Lot Operating Assessment multiplied by the number of Residential Lots owned by Declarant as of the first day of such year; or (b) an amount necessary to fund the actual difference between the Association's actual cost of operations for such year, and the amount of Operating Assessments assessed to Residential Lot Owners for the year. If and to the extent funds provided by the Declarant to the Association are necessary as a result of the failure of Residential Lot Owner(s) to pay all or any portion of duly levied Assessments to the Association, such amounts provided by Declarant may be characterized as non -interest bearing `advances' or `loans' by the Declarant to the Association, which the Association shall be obligated to repay to the Declarant upon demand, or which may be credited to the Declarant's payment of deficit(s) in any future year(s). C. Due Dates. The Operating Assessments issued to a Residential Lot and its Owners shall be payable in full within ten (10) days of the date on which such Assessment is issued; provided however that the Board may determine to allow payment in monthly, quarterly or semi-annual installments. If payable in 25 installments, the Assessment shall include a statement of the dates on which installments are due, and notice of the Assessment shall be given to a Residential Lot Owner not less than ten (10) days prior to the date the first installment thereof is due. Unless the Operating Assessment states that it is payable in installments, payment in full within ten (10) days shall be required. D. Special Assessments. The Board may levy against all Residential Lots subject to Operating Assessments, and their Owners, Special Assessments to pay for capital expenditures, interest expense on indebtedness incurred for the purpose of making capital expenditures and not to be paid out of reserves, unanticipated operating deficiencies or any other purpose determined appropriate by the Board in furtherance of its functions under the Association Governing Documents and/or applicable law. Those Special Assessments shall be allocated among Residential Lots and their Owners on the same basis as Operating Assessments are to be allocated, and shall be due and payable on such basis and at such times as the Board directs, provided that no such Special Assessment shall be due and payable on fewer than thirty (30) days written notice. E. Individual Residential Lot Assessments. The Board may levy an Individual Residential Lot Assessment against any Residential Lot and its Owner or Owners to reimburse the Association for costs incurred on behalf of that Residential Lot, or as a consequence of any act or omission by any Owner, Occupant, or invitee thereof, including without limitation, costs associated with making repairs that are the responsibility of the Owner; costs of additional insurance premiums specifically allocable to an Owner; costs of any utility expenses chargeable to an Owner but not separately billed by the utility company; and all other administrative and enforcement charges, including, but not limited to, attorneys' fees incurred by the Association reasonably determined to be an Individual Residential Lot Assessment by the Board. By way of illustration, and not of limitation, the Board may levy an Individual Residential Lot Assessment in the nature of an administrative or enforcement charge reasonably determined by the Board against any Residential Lot and its Owner or Owners when the Residential Lot is in violation of the provisions of the Association Governing Documents or the Owners or Occupants of that Residential Lot or their guests or invitees violate any provision of the Association Governing Documents, or who suffers or permits the Occupants, guests, invitees or tenants of that Owner's Residential Lot to violate the same or any provision of the Association Governing Documents, including the restrictions contained herein and/or in the Rules. Except in the case of Individual Residential Lot Assessments for utility charges, interest, late charges, returned check charges, court costs, arbitration costs, and/or attorneys' fees, prior to levying an Individual Residential Lot Assessment, the Board shall give the Owner or Owners written notice of the proposed Individual Residential Lot Assessment that includes: l . a description of the property damaged or of the violation of the restriction, Rule or regulation allegedly violated; 2. the amount of the proposed Individual Residential Lot Assessment; 3. a statement that the Owner has a right to a hearing before the Board to 26 contest the proposed Individual Residential Lot Assessment by delivering to the Board a written notice requesting a hearing within ten (10) days after the Owner receives written notice of the proposed Individual Residential Lot Assessment; and 4. in the case of a charge for violation of a restriction, Rule or regulation, a reasonable date by which the Owner must cure the alleged violation to avoid the proposed Individual Residential Lot Assessment. The notice by the Board given pursuant to the foregoing may be delivered personally to the Owner to whom an Individual Residential Lot Assessment is proposed to be charged, personally to an Occupant of a Dwelling on that Owner's Residential Lot, by certified mail, return receipt requested, or by regular mail. In the event after such hearing the Board determines to levy the Individual Residential Lot Assessment proposed, the Board shall deliver to the Owner written notice thereof within thirty (30) days of the date of that hearing. F. Remedies. 1. Acceleration. If any Assessment, installment of an Assessment, or portion thereof, is not paid within ten (10) days after the same has become due, the Board, at its option, without demand or notice, may call the entire balance of the Assessment due. 2. Late Charge. If any Assessment or portion of any Assessment remains unpaid for ten (10) days after all or any part thereof became due and payable, the Board at its option, without demand or notice, may charge a reasonable uniform late fee in an amount determined by the Board and/or interest on the entire unpaid balance of the Assessment from and after that date at the lesser of (i) twelve percent (12%) and (ii) the highest rate permitted by applicable law. In addition, reasonable administrative collection charges may also be assessed for any payment remaining unpaid for ten (10) days after it is due, which charge may be payable to the Association, or its Managing Agent, as determined by the Board. 3. ARglication of Payments. Payments made by an Owner for Assessments shall be applied in the following priority: (i) to interest accrued on the delinquent Assessment(s), or installments or portions of installments thereof; (ii) to administrative late fees charged with respect to the delinquency; (iii) to reimburse the Association for enforcement charges and collection costs, including, but not limited to, attorneys' fees and paralegal fees incurred by the Association in connection with the delinquency; and (iv) to the delinquent Assessment, or installment or portion thereof, applying to the oldest principal amounts first. 4. Liability for Unpaid Assessments. Each Assessment or installment of an Assessment, together with interest and late fees thereon, and any and all costs of collection, including reasonable attorneys' fees, shall become the joint and several personal obligations of the Owners of the Residential Lot charged the same, beginning on the date the Assessment or installment thereof becomes due and payable. The Board may 27 authorize the Association to institute and prosecute to completion an action at law on behalf of the Association against the Owner or Owners personally obligated to pay any delinquent Assessment, and/or an action to foreclose the Association's lien or liens against a Residential Lot or Residential Lots for unpaid Assessments owed by that Residential Lot and the Owner or Owners thereof. In any such action, interests and costs of such action, including reasonable attorneys' fees, shall be added to the amounts owed by the Owner or Owners and the Residential Lot to the extent permitted by Indiana law. Except as otherwise provided herein, the transfer of an interest in a Residential Lot shall neither impair the Association's lien against that Residential Lot for any delinquent Assessment nor prohibit the Association from foreclosing that lien. 5. Liens. All unpaid Assessments, or portions thereof, together with any interest and charges thereon or costs of collection, including, but not limited to, attorneys' fees, shall constitute a continuing charge in favor of the Association and a lien on the Residential Lot against which the Assessment was levied. If any Assessment, or portion thereof, remains unpaid for ten (10) days after it is due, then the Board may authorize the filing of a notice of lien with the Hamilton County Recorder's Office (all in accordance with applicable law) for all or any part of the unpaid balance of that Assessment, together with interest and collection costs, including attorneys' fees. The certificate shall contain a description of the Residential Lot which the lien encumbers, the name of the Owner or Owners of that Residential Lot, and the amount of the unpaid portion of the Assessment. The certificate may be signed by the President of the Association or its designated representative. Upon the filing of the certificate, the subject Residential Lot shall be encumbered by a continuing lien in favor of the Association. The Assessment lien shall remain valid for a period of five (5) years from the date such certificate is duly filed, unless the lien is released earlier or satisfied in the same manner provided by the law of the State of Indiana for the release and satisfaction of mortgages on real property, or until the lien is discharged by the final judgment or order of any court having jurisdiction. 6. Subordination of Lien. The lien of the Assessments provided for herein shall be subject and subordinate to the lien of any duly executed first mortgage on a Residential Lot recorded prior to the date on which such lien of the Association is perfected by the recording of a notice of lien, and any holder of such first mortgage which comes into possession of a Residential Lot pursuant to the remedies provided in the mortgage, foreclosure of the mortgage, or deed or assignment in lieu of foreclosure, and any purchaser at a foreclosure sale, shall take the property free of any claims for unpaid Assessments against the mortgaged Residential Lot which became due and payable prior, in the case of foreclosure, to the date of the sale, and, in all other cases, to the date legal title vested in the successor Owner. 7. Contested Lien. Any Owner or Owners who believe that an Assessment chargeable to that Owner or Owner's Residential Lot, and for which a notice of lien has been filed by the Association has been improperly charged against that Residential Lot, may bring an action in the Hamilton County Circuit Court for the discharge of that lien and/or for a declaratory judgment that such Assessment was unlawful. The filing of such 28 action shall not be grounds for an offset or to withhold payment. In any such action, if it is finally determined that all or a portion of the Assessment has been improperly charged to that Residential Lot, the Court shall make such order as is just, which may provide for a discharge of record of all or a portion of that lien and a refund of an Assessment or portion thereof determined to be unlawful. 8. Estonoel Certificate. The Board shall, within a reasonable time following receipt of a written request and for a reasonable charge, furnish a certificate signed by the President or other designated representative of the Association, setting forth whether the Assessments on a specified Residential Lot have been paid. This certificate shall be conclusive evidence of payment of any Assessment therein stated to have been paid. 9. Vote on Association Matters: Use of Common Elements. If any Assessment, or portion thereof, remains unpaid for more than six (6) months after it becomes due, then the delinquent Owner's voting rights upon Association matters shall be suspended until such Assessment is paid. If any Assessment, or portion thereof, remains unpaid for more than thirty (30) days after it becomes due, then the delinquent Owner's privileges to use the Common Elements owned by the Association, except for necessary ingress and egress to and from that Owner's Residential Lot, shall be suspended until such Assessment is paid. Article X. MAINTENANCE A. Maintenance of Common Elements by Association. Subject only to budgetary limitations and the right of the Board to exercise reasonable business judgment, the Association shall maintain and keep in good repair the Common Elements and all portions thereof not maintained by the utility company or the local governmental authorities, including, but not limited to, those Improvements on Block "A", C.A. #1-1, C.A. #1-2, and C.A. #1-3, respectively, as identified on the Section 1 Plat. This maintenance shall include, without limitation, maintenance, repair, and replacement of all Improvements constituting a part of the Common Elements owned by the Association or otherwise maintained by the Association, in good, clean, attractive, and sanitary condition, order and repair, including, but not limited to any common mailbox bank(s) and any common amenities, including a clubhouse and/or swimming pool, if any. Further, the Association may, in its discretion and to the extent determined by the Board, choose to maintain property that it does not own, the maintenance of which would, in the opinion of the Board, benefit the Community. The Association shall maintain an adequate reserve fund for the periodic maintenance, repair and replacement of the improvements required to be maintained by the Association. B. Lawn Mowing and Snow Removal on Residential Lots. Because of the unique sizes and configurations of the Residential Lots, the Association, from and after the time that a Residential Lot with a Dwelling constructed thereon has been conveyed to a bona fide residential home purchaser, will provide lawn mowing and fertilization services for the lawns located on a Residential Lot that are not located within an enclosed or partially enclosed courtyard area on a Residential Lot. In addition, the Association, from and after the time that a Residential Lot with a 29 Dwelling constructed thereon has been conveyed to a bona fide residential home purchaser, will provide snow removal services for the driveways and sidewalks located on that Residential Lot (but not the service walk connecting the driveway to the front porch, stoop or courtyard or located within an enclosed or partially enclosed courtyard); provided that the Association shall not be responsible for any ice mitigation or removal of ice from any driveway or sidewalk located on any Residential Lot. All such services will be provided at such frequency and by such vendors as the Board determines in its sole, absolute and unfettered discretion and the cost thereof will be a Common Expense. All other lawn maintenance activities not to be performed by the Association on each Residential Lot, including, but not limited to, watering and irrigation of lawns, shall be the responsibility of the Owners of the Residential Lot, unless the Association, in its discretion, chooses to assume those responsibilities. C. Landscape Maintenance on Residential Lots. From and after the time that a Residential Lot with a Dwelling constructed thereon has been conveyed to a bona fide residential home purchaser, the Association will be responsible for (i) seasonal weeding of the landscape beds located in front of a Dwelling on a Residential Lot and not within the enclosed or partially enclosed courtyard area, (ii) maintenance of the trees and shrubs on a Residential Lot that are not located within the enclosed or partially enclosed courtyard area on a Residential Lot, and (iii) seasonal mulching of the landscape beds located in front of a Dwelling on the Residential Lot and that are not located within the enclosed or partially enclosed courtyard area on a Residential Lot. All such services will be provided at such frequency and by such vendors as the Board determines in its sole, absolute and unfettered discretion and the cost thereof will be a Common Expense. The Owner shall be responsible for all other maintenance of landscaping and beds on that Owner's Residential Lot including, but not limited to, the watering and irrigation of the same. If an Owner of a Residential Lot desires to change the plantings originally planted by Declarant or the initial builder of the Dwelling on the Residential Lot as part of the landscaping, add new plantings in the front landscape beds or add additional trees or shrubs, such Residential Lot Owner must secure approval from the Design Review Committee prior to effecting any such change. D. Maintenance by Owner. Notwithstanding the landscaping and lawn maintenance responsibilities and snow removal services outlined in Sections (B) and (C) of this Article X, and subject to the other provisions of this Section D, each Owner of a Residential Lot shall repair, replace, and maintain in good order and safe and sanitary condition, at that Owner's expense, that Owner's Residential Lot, and all portions of, Improvements to, structures on, and, equipment and components used in connection with, that Owner's Residential Lot, except to the extent the maintenance responsibility is otherwise expressly assumed by the Association pursuant to the provisions of this Declaration or by a governmental authority or is expressly the responsibility of another Owner. Each Owner shall be responsible for and shall promptly furnish all necessary materials and perform or cause to be performed at that Owner's expense all maintenance, repairs and replacements of Improvements (including, specifically, and without limitation, all buildings, the Dwelling, driveways and landscaping) on that Residential Lot that are not to be maintained by the Association; provided that in the case of Improvements within a Courtyard Easement, the Owner benefitted by the Courtyard Easement shall be responsible for the repair, maintenance and replacement of the same. Each Owner shall maintain those portions of that Owner's Residential Lot that are adjacent to any portion of the Common Elements in accordance with the Rules and the 30 requirements set forth in this Declaration. E. Riaht of Association to Repair Lot. If any Owner fails to maintain that Owner's Lot or Improvements thereon in the manner required herein, and if the Board determines that any maintenance of that Lot is necessary to ensure public safety, to permit reasonable use or enjoyment of the Common Elements by Owners, to prevent damage to or destruction of any other part of the Common Elements or to comply with the Rules or the terms of this Declaration, then the Board may authorize its employees or agents to enter the Lot at any reasonable time to complete the necessary maintenance and the Board may levy an Individual Lot Assessment for all reasonable expenses incurred. F. Damage to Common Elements B• Owner or Occupant. If any portion of the Common Elements is damaged by any Owner or Occupant, or that Person's family, guests, or invitees, then the Board may levy an Individual Residential Lot Assessment against such Owner for the cost of repairing or replacing the damaged property. The Association shall be entitled to enter a Lot to repair or maintain any Common Elements adjacent to such Lot. Article XI. MISCELLANEOUS A. Term. The provisions hereof shall bind and run with the land for a term of forty (40) years from and after the date that this Declaration is filed for recording with the Recorder's Office of Hamilton County, Indiana, and thereafter shall automatically renew forever for successive periods of ten (10) years each, unless earlier terminated with the consent of Members exercising not less than one hundred percent (100%) of the voting power of all Members and the consent of all holders of first mortgage liens on Residential Lots. In addition to the foregoing, this Declaration may not be amended so as to eliminate the Association's responsibility to own, repair and/or maintain Common Elements in the Community or to change or eliminate the requirement and obligation of the Residential Lot Owners to be Members of and pay Assessments to the Association, without the prior consent of Members exercising not less than one hundred percent (100%) of the voting power of all Members and the consent of all holders of first mortgage liens on Residential Lots, which amendment would be deemed to be dissolving the plan of governance for the Association, as set forth in the Indiana HOA Act. B. Enforcement, Waiver. The provisions of this Declaration and the provisions of the other Association Governing Documents may be enforced by any proceeding at law or in equity by Declarant, any Owner, the Association, the Board, the Design Review Committee, and each of their respective heirs, successors and assigns, against any Person(s) violating, or attempting to violate, any covenant, restriction, Rule or the provisions of the other Association Governing Documents, to restrain and/or to enjoin any violation, to obtain a decree for specific performance as to removal of any nonconforming Improvement, and to recover all damages, costs of enforcement and any other costs incurred (including, without limitation, reasonable attorneys' fees) in connection with any violation. Failure of Declarant, the Association, the Board, the Design Review Committee, or any Owner to enforce any provision of this Declaration, the Association Governing Documents or the Rules in any manner shall not constitute a waiver of any right to enforce any violation of such provision. By accepting a deed to a Lot, each Owner is deemed to 31 waive the defenses of laches and statute of limitations in connection with the enforcement by the Association of the provisions hereof, the Rules, or any of the other Association Governing Documents. C. Amendments. 1. Amendments by Declarant. Until the Turnover Date, Declarant may, in its sole and absolute discretion, unilaterally amend the provisions hereof at any time and from time -to -time, without the consent of any other Owners or the Association. Any such amendment may modify the covenants, conditions, restrictions and easements set forth herein or may impose covenants, conditions, restrictions and easements in addition to those set forth herein including, without limitation, restrictions on use and covenants to pay additional charges with respect to the maintenance and improvement of any property in the Community. After the Turnover Date, Declarant may unilaterally amend the provisions hereof, without the consent of any other Owners, if such amendment is: (i) necessary to bring any provision hereof into compliance with any applicable governmental statute, rule, regulation or judicial order, including, without limitation, the Indiana HOA Act; (ii) necessary to enable any reputable title insurance company to issue title insurance coverage on the Lots; (iii) necessary to conform to the requirements of the United States Federal Housing Administration, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation or the Veterans Administration; or (iv) necessary to correct clerical errors; provided, however, any such amendment shall not materially adversely affect the title to any Lot unless the Owner or Owners thereof have consented to such amendment in writing. Before or after the Turnover Date, Declarant shall have the right and power, but neither the duty nor the obligation, in its sole and unfettered discretion, to subject all or any part of the Additional Property to the provisions of this Declaration at any time and from time to time by executing and recording with the Recorder's Office of Hamilton County, Indiana, an amendment or supplement to this Declaration or a supplemental declaration specifying that such Additional Property is part of the Community. Such an amendment or supplemental declaration shall not require the joinder or signature of the Association, other Owners, mortgagees, or any other Person. In addition, such supplemental declarations or amendments or supplements to this Declaration may contain such supplementary, additional, different, new, varied, revised or amended provisions as may be necessary or appropriate, as determined by Declarant, to reflect and address the different character or intended development of any such Additional Property. 2 Amendments by the Association. Except for the amendments to this Declaration which are described in Article XI(C)(1), thisDeclaration may be amended or modified only with the approval of Owners holding not less than seventy-five percent (75%) of the voting power of all Owners in the Association; provided, however, and notwithstanding the foregoing, prior to the Turnover Date the consent of Declarant shall be required for any such amendment or modification, which consent may be granted, withheld, conditioned, or delayed in Declarant's sole and absolute discretion. Such 32 approval by the Owners to amend this Declaration pursuant to this Article XI(C)(2) shall be evidenced by (a) the vote of the Owners at a meeting duly called for the purpose of considering the amendment, or (b) a written instrument signed by such Owners. Any amendment to this Declaration adopted with the aforesaid consent shall be executed with the same formalities as to execution as observed in this Declaration by the President and the Secretary of the Association, and shall contain their certifications that the amendment was duly adopted in accordance with the requirements of this Paragraph. Any amendment so adopted and executed shall be effective upon the filing of the same with the Recorder's Office of Hamilton County, Indiana. 3. Amendments by the Board. After the Turnover Date, the Board may unilaterally amend the provisions hereof, without the consent of any other Owners, if such amendment is: (i) necessary to bring any provision hereof into compliance with any applicable governmental statute, rule, regulation or judicial order; (ii) necessary to enable any reputable title insurance company to issue title insurance coverage on the Lots; (iii) necessary to conform to the requirements of the United States Federal Housing Administration, the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation or the Veterans Administration; or (iv) necessary to correct errors; provided, however, any such amendment shall not materially adversely affect the title to any Lot unless the Owner or Owners thereof have consented to such amendment in writing. No amendment made pursuant to the provisions of this Article XI, Section C may remove, revoke, or modify any right or privilege of Declarant without the written consent of Declarant or the assignee of such right or privilege. D. Declarant's Rights to Complete Development. Declarant shall have the right to: (1) complete the development, construction, promotion, marketing, sale, resale and leasing of properties; (2) construct or alter Improvements on any property owned by Declarant; (3)maintain model homes, offices for construction, sales or leasing purposes, storage areas, construction yards or similar facilities on any property owned by Declarant or the Association; or (4) post signs incidental to the development, construction, promotion, marketing, sale and leasing of property within the Property. Further, Declarant or its assignee shall have the right of ingress and egress through all streets, alleys, paths, walkways and easements located in the Property for any purpose whatsoever, including, but not limited to, purposes related to the construction, maintenance and operation of Improvements. Nothing contained in this Declaration shall limit the rights of Declarant or require Declarant or its assignee to obtain approval to: (i) excavate, cut, fill or grade any property owned by Declarant, or (ii) construct, alter, remodel, demolish or replace any Improvements on any Common Elements or any property owned by Declarant as a construction office, model home or real estate sales or leasing office in connection with the sale of any property; or (iii) require Declarant to seek or obtain the approval of the Association or the Design Review Committee for any such activity or Improvement on any Common Elements or any property owned by Declarant. Nothing in this Section shall limit or impair the reserved rights of Declarant as elsewhere provided in this Declaration. 33 E. Declarant's Rights to Re -plat Declarant's Property. Declarant reserves the right, at any time and from time to time, to amend, alter or re -plat any plat or development plan and to amend any zoning ordinance which affects all or any portion of the Property; provided, however, that only real property owned by Declarant and Owners consenting to such amendment, alteration or re -platting shall be the subject of any such amendment, alteration or re -platting. The Association and each Owner whose Lot is not altered by such amendment, alteration or re -platting, for themselves and their successors and assigns, hereby consents to and approves any such amendment, alteration or re -platting and shall be deemed to have joined in the same. F. Mortgagee ee Rights. A holder or insurer of a first mortgage upon any Residential Lot, upon written request to the Board (which request shall state the name and address of such holder or insurer and a description of the Residential Lot) shall be entitled to timely written notice of: 1. any proposed amendment of this Declaration; 2 any proposed termination of the Association; and 3. any default under this Declaration which gives rise to a cause of action by the Association against the Owner of the Residential Lot subject to the mortgage of such holder or insurer, where the default has not been cured in 60 days. Each holder and insurer of a first mortgage on any Residential Lot shall be entitled, upon request and at such mortgagee's expense, to inspect the books and records of the Association during normal business hours. The holder or insurer of a first mortgage on a Residential Lot is not required by the Declaration to collect Assessments. G. Severability. If any Article, Section, paragraph, sentence, clause or word in this Declaration is held by a court of competent jurisdiction to be in conflict with any law or is unenforceable, then the requirements of such law shall prevail and the conflicting provision or language shall be deemed void in such circumstance; provided that the remaining provisions or language of this Declaration shall continue in full force and effect. H. Mutuali . All restrictions, conditions and covenants contained herein are made for the direct, mutual, and reciprocal benefit of the Declarant, the Association, and the present and future owners of Lots in the Community, and each part thereof, and their respective personal representatives, heirs, successors, and assigns; the provisions hereof shall create mutual equitable servitudes upon the property submitted to these restrictions and each part thereof in favor of each other part thereof; and any property referred to herein as benefited hereby; the provisions hereof shall create reciprocal rights and obligations between the respective owners of all such property and privity of contract and estate between all owners thereof; and the provisions hereof shall, as to the owner of any such property and those Owners' respective heirs, personal representatives, successors and assigns, operate as covenants running with the land for the benefit of all such property and the Owners thereof. I. Captions. The caption of each Article, Section and paragraph of this Declaration is 34 inserted only as a matter of reference and does not define, limit or describe the scope or intent of the provisions of this Declaration. J. Notices. Notices, demands or other communications to an Owner shall be given in writing, by personal delivery or at the Lot, if a Residence has been constructed on such Lot, or by depositing such notice in the United States Mail, first class, postage prepaid, to the address of the Owner of the Lot as shown by the records of the Association, or as otherwise designated in writing by the Owner. Any demand, notice or other communication or action given or taken hereunder or by one of the joint Owners of a Lot shall be deCmed to be given, taken, or received by all such joint Owners. K. Exhibits. The exhibits hereto are part of this Declaration as if set forth in full herein. L. Construction. In interpreting words and phrases herein, unless the context shall otherwise provide or require, the singular shall include the plural, the plural shall include the singular, and the use of any gender shall include all genders. Any rule of construction to the effect that any ambiguities are to be resolved against the party who drafted the document shall not be utilized in interpreting this Declaration and the exhibits hereto. [SIGNATURE AND NOTARY PAGE TO FOLLOW] 35 IN TESTIMONY WHEREOF, the Declarant has caused the execution of this Declaration as of the date first above written. DECLARANT: EPCON CARMEL, LLC, an Indiana limited liability company $Y Paul Munoz, kand Development Manager n STATE OF, 4 � i � /1 �'► ) COUNTY OF SS: �lYnr Before me, a Notary Public in and for said County and State, personally appeared Paul Munoz, who being first duly sworn by me upon his/her oath, acknowledged execution of the foregoing, stated that he/she is the Land Development Manager of Epcon Carmel, LLC, an Indiana liability company, that he/she is duly authorized to execute the foregoing on its behalf, and who having been duly sworn stated that the representations therein are true. WITNESS my hand and Notarial Seal this Pq day of k'V IyI� 21. DEHRA ZAPP Seat Notary Public - State of Indiana Hancock County, My Commission. Expires Mar 6, 2024 No ublic This instrument was prepared by Samuel E. Swafford, Esq., Faegre Drinker Biddle & Reath, 600 East 96th Street, Suite 600, Indianapolis, Indiana 46240. I affirm, under the penalties for perjury, that I have taken reasonable care to redact each Social Security number in this document, unless required by law. Samuel E. Swafford, Esq. 36 EXHIBIT A OUR71 A RDS OF CARMg_ SEC` iC l . DART OF THE SOUTH t-i.& LF OF SEC' = i'Y 'O'01. r SKID 15 l ORTH A.' D a,,A s iGE 4 CA.i tt HAM _- <' :`Olt "'' U •Cif iA C:OMMEtl-_ 'JG A' THE HARRISOI &'. = IUME' 1T A —HE S:_:JTHW-' CORtJER OF THE SOUTHEAST aLAR"ER S a D SEC`;.= r'1 '>a `•�s� r;35HIP .B rJOR'H. RAI :GE ��.�'�tE��CESC-��*: Eta C`'PGa�EES �,7 �,�•ts.�z'S _a _ECOrC?S �4E5` .$,LOt +; 'HE SOUTH L i lE OF SAID G jmRTER SECTIOtt ' 345.65 FEET T,3'HE SOUTHERV E>TE 12,3,1 OF THE WEST _+lE OF SMOKE, HOL.': id RECORI;EC AS il.r` ix�rlEi._ f L 48ER 8"'06A3_lk. t1 ZL.A,7 90.74'. 1,4 ZAGE "X, It +REMCO sRDER FOR 4AM111,01. . r, * v I'1DLAjiA' H,.E iCE f aCP-"-' OC OEGIREES C,5'a' _-ES 54 SECO1140; WES, A- G 54'-C Lft E `2;i.44 FEE•" 7 A S:6 REBhrr". 'A -r. YE:.L'.?W . A.' '7 A.'' 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EXHIBIT B :�La L.,1�•rm.R.9�wz.I VICINRY MAP LEGEND SURONWON MONUMFNTATN)N O u.u,aarucaamec ❑ uz.�nE,c�.saw..x • SECTION 1 PART OF THE SOUTH HALF OF SECTION 19-Tl8N-R4E IN HAMILTON COUNTY, INDIANA ..oar,. ra�o nola OMPHC �.-.,yF r fgl 1� DOCKET NUMBERS: I PZ-A]fF2 6 (PUB IXiDWANCE 2-6fi6-40) I Pz-Y03o-W165 PP (PIdYARY Puj Pz-1fl31-OBGJI SP (YGGNDARY PLAT) I I THE COURTYARD OF CARMEL PUD 2-655-20 LOT AND I YARD REQUIREMENTS PCfi9ETER LCTfi NPv9 Na1Ti xBM EAST PBGPBitt LmES) 51'(PEkNC1ER LO15 ! x1FAxYt N LOT FUTwEaltTpxB � �OTIW.TR.(f I fAalT YM _. 9CE YAtdt ]J 9x ]05 LocYAws/ia xff[ei srwcnws \ \ � M Situ �olr.a�wravPS � S.ofx mromd nc L___________ CURVE TABLE: ALIGNMENTS QIRT£ RADIUS LENGaI U10R0 BEMING PIDRD RELTA TANGENT C 1]5.U9' N3452'JO"M -.74' 49'J4'2fi" fi0.81" 1 OF 4 I N 8954'43-E �.SDO'05'17-E 115. 1a.Do' I N7634'29'E N90"00'00-E I ! .. co• r107.41' j gN89'54'43'E 187.10' 'y_ �— �'aT erdl �JI / I Iy G xa - � I t•.II / I @ 6 I I s I I I ur��n @ ((II I A npf �n 9 I ,xm 11 1 I I I I xLru.nl I am i ga iI ,xP�Rav l \ a I .20F4 SECONDARY PLAT OF THE COURTYARDS OF CARMEL SECTION 1 PART OF THE SOUTH HALF OF SECTION 19-T18N-R4E ea607 t ><3974.72 IN HAMILTON COUNTY, INDIANA t \ am.. \\`\J tts 4� •\ comae i� d' aira,. A if 1 _ t t N29V4'01'W \ 99.63',p yI \ Jy 31 S �S• \ ZI olA 1ST �� a yl . 13 +_mwd_cN\ 136M6111EEi ,,,30F4 SECONDARY PLAT OF THE COURTYARDS OF SECTION 1 PART OF THE SOUTH HALF OF SECTION 19-T18N-R4E IN HAMILTON COUNTY, INDIANA CERIWCATE OF—N COMM6AON 40F4