Loading...
HomeMy WebLinkAboutBridlebourne DocumentsCODE OF BY-LAWS OF BRIDLEBOURNE LAKES HOMEOWNERS ASSOCIATION, INC. A NOT-FOR-PROFIT INDIANA CORPORATION ARTICLE I Identification and Applicability Section 1.01. Identification and Adoption. These By-Laws are adopted to govern the Bridlebourne Homeowners Association, Inc. (the “Association”) in the conduct of its activities and duties pursuant to the Articles of Incorporation of the Corporation (“Articles”) and the Declarations of Covenants, Easements and Restrictions for the various sections of Bridlebourne Subdivision, as the same are recorded from time to time (herein collectively called the “Declaration”). The Declaration is incorporated herein by reference and all of the covenants, conditions rights, restrictions, and liabilities therein contained shall apply to and govern the interpretation of these By-Laws. The definitions and terms as defined and used in the Declaration shall have the same meanings in these By-Laws, and reference is hereby made to the definitions in Section 1 of the Declaration. The provisions of these By-Laws shall apply to the Common Property and to the administration and conduct of the affairs of the Association. Section 1.02. Individual Application. All of the Owners, tenants, their guests and invitees, or any other person who might now or hereafter use or occupy a Lot or any part of the Common Property shall be subject to the rules, restrictions, terms and conditions set forth in the Declaration, these By-Laws, and the Act, as the same may be amended from time to time. ARTICLE II Meetings of Association Section 2.01. Purpose of Meetings. At least annually and at such other times as may be necessary or appropriate, a meeting of the Owners shall be held for the purpose of electing the Board of Directors, approving the annual budget, providing for the collection of Common Expenses, and for such other purposes as may be required by the Declaration, these By- Laws, or the Articles. Section 2.02. Annual Meetings. The first annual meeting shall not be held until the time of turnover of control of Bridlebourne Lakes Subdivision by Declarant or at such earlier time or times as may be determined by the Declarant. All subsequent annual meetings shall be held on any date selected by the Board of Directors which is within five (5) days of the anniversary of the first annual meeting. At each annual meeting, the Owners shall elect the Board of Directors of the Association in accordance with the provisions of these By-Laws and transact such other business as may properly come before the meeting. Section 2.03. Special Meetings. A special meeting of the members of the Association may be called by resolution of the Board of Directors or upon a written petition of the Owners of not less than ten percent (10%) of the Lots. The resolution or petition shall be presented to the President or Secretary of the Association and shall state the purpose for which the meeting is to be called. No business shall be transacted at a special meeting except as stated in the petition or resolution. Section 2.04. Notice and Place of Meetings. All meetings of the members of the Association shall be held at such location within the State of Indiana as may be designated by the Board of Directors. Written notice stating the date, time, place of any meeting, and in the case of a special meeting the purpose or purposes for which the meeting is called, shall be delivered or mailed by the Secretary of the Association to each Owner and, if applicable, to any Mortgagee not less than fourteen (14) days prior to the date of such meeting. If at any meeting an amendment to the Declaration of these By-Laws is to be considered, the notice of such meeting shall describe the nature of such proposed amendment. The notice shall be mailed by first-class U.S. Mail, postage prepaid, or delivered to the Co-owners at their respective addresses as the same shall appear upon the records of the Association, and by U.S. Certified Mail, Return Receipt Requested to the Mortgagees at their respective addresses as they shall appear on the records of the Association, by such means as provided in these By-Laws. Attendance at any meeting in person or by proxy shall constitute a waiver of notice of such meeting. Section 2.05. Voting. (a) Number of Votes. To avoid fractional votes and to facilitate the orderly conduct of the meeting, each Owner shall be entitled to cast one vote on each matter coming before the meeting. The total number of votes for or against any matter shall then be divided by the number of Lots then in Bridlebourne Subdivision, as the same shall have been finally platted from time to time, to determine the respective proportions of Owners supporting or opposing such matter, or by the number of Lots the Owners of which are present or represented at such meeting, to determine the respective proportions of Owners present or represented at such meeting supporting or opposing such matter. (b) Multiple Owners. When the Owner of a Lot constitutes more than one person or entity, or is a partnership, there shall be only one voting representative entitled to cast the vote allocable to that Lot. At the time of acquisition of title to a Lot by a multiple Owner or a partnership, those persons constituting such Owner or the partners shall file with the Secretary of the Association an irrevocable proxy appointing one of such persons or partners as the voting representative for such Lot, which shall remain in effect until such appointed representative relinquishes such appointment in writing, becomes incompetent, dies, or such appointment is otherwise rescinded by order of a court of competent jurisdiction. Such appointed voting representative may grant a proxy to another to vote in his place at a particular meeting or meetings pursuant to paragraph (d) of this Section 2.05, which shall constitute relinquishment of his right to act as voting representative for the Lot at such meeting or meetings. (c) Voting by Corporation or Trust. Where a corporation or trust is an Owner or is otherwise entitled to vote, the trustees may cast the vote on behalf of the trust, and the agent or other representatives of the corporation duly empowered by the board of directors of such corporation shall cast the vote to which the corporation is entitled. (d) Proxy. An Owner may vote either in person or by his duly authorized and designated attorney-in-fact. Where voting is by proxy, the Owner shall duly designate his attorney-in-fact in writing, delivered to an officer of the Association prior to the commencement of the meeting. (e) Quorum. Except where otherwise expressly provided in the Declaration, these By-Laws, or the Articles, the presence of Owners or their duly authorized representatives owning in excess of fifty percent (50%) of the total Lots shall constitute a quorum at all meetings. The term “majority of Owners”, as used in these By-Laws, shall mean, unless otherwise expressly indicated, more than fifty percent (50%) of the total number of Owners as determined by the applicable provisions set forth in the Declaration, and the term “majority of the vote” shall mean a majority of the Owners or votes present or represented at such meeting. (f) Conduct of Meeting. The Chairman of the meeting shall be the President of the Association. He shall call the meeting to order at the duly designated time, and business will be conducted in the following order: (1) Reading of Minutes. The Secretary shall read the minutes of the last annual meeting and the minutes of any special meeting held subsequent thereto. (2) Treasurer’s Report. The Treasurer shall report to the Owners concerning the financial condition of the Association and answer relevant questions of the Owners concerning the Common Expenses and financial report for the prior year and the proposed budget for the current year. (3) Budget. The proposed budget for the current calendar year shall be presented to the Owners for approval or amendment. (4) Election of Board of Directors. Nominations for the Board of Directors may be made by an Owner from those persons eligible to serve. Such nominations must be in writing and presented to the Secretary of the Association at least ten (10) days prior to the annual meeting. Voting for Board of Directors will be by paper ballot. The ballot shall contain the name of each person nominated to serve as a Board member. Each Owner may cast his vote for each of as many nominees as are to be elected; however, he shall not be entitled to accumulate his votes. Those persons receiving the highest number of votes shall be elected. (5) Other Business. Other business may be brought before the meeting only upon a written request submitted to the Secretary of the Association at least ten (10) days prior to the date of the meeting; provided, however, that such written request may be waived at the meeting if agreed by a majority of the vote. (6) Committee Reports. Reports of committees designated to supervise and advise on the respective segments of maintenance and operations assigned by the Board of Directors shall be presented. (7) Adjournment. Upon completion of all business before the Association, the President, upon the motion of any Owner, may adjourn the meeting; provided, however, that no annual meeting shall be adjourned until a budget is approved by the Owners for the upcoming year. Section 2.06. Control During Development. Notwithstanding any other provision of the Declaration, the Articles, or these By-Laws, from and after the date of the Declaration until the date when Declarant turns over control of the Association to the Owners, as determined by Declarant within the limitations set forth in the Declaration, the Articles shall be governed by the initial Board of Directors appointed by Declarant. Said initial Board of Directors shall exclusively hold all rights and powers which a Board of Directors or the Association would have under the Declaration, the Articles, or these By-Laws, except as specifically limited in this Section 2.06. Said initial Board of Directors may appoint from time to time from among the Owners committees to advise and assist it in the performance of its functions. The rights and powers of said initial Board of Directors shall be limited as follows: (a) The power of assessment shall be limited in that the total monthly assessments in any month against any Lot during the first year after the date of the Declaration shall not exceed Two Hundred Dollars ($200.00), and said maximum amount shall not be increased in any subsequent year prior to turnover by more than twelve percent (12%) each year. (b) Said initial Board shall have no power to reallocate the voting power among the Owners in any manner contrary to the Declaration. (c) Said initial Board of Directors shall not take any action requiring the vote or consent of any Mortgagee unless the vote or consent of such Mortgagee is obtained. Declarant shall have the right to waive, on behalf of the Association, the annual meetings and annual accountings provided for in the Declaration, so long as Declarant retains control of the Association. At the time of turnover of control by Declarant, the first annual meeting of the Association will be called, at which time the rights and powers of the initial Board of Directors shall terminate and the Association shall thereafter be governed in accordance with the provisions of the Declaration, the Articles, and these By-Laws other than this Section 2.06. ARTICLE III Board of Directors Section 3.01. The affairs of the Association shall be governed and managed by the Board of Directors (herein sometimes collectively called “Board” and individually called “Directors”). The initial Board of Directors shall be composed of three (3) persons appointed by Declarant. After the expiration of the term of the initial Board of Directors as provided in Section 2.06 hereinabove, the constituency of such Board may be increased to, but shall not exceed, nine (9). The number of Directors shall be increased in accordance with this Section 3.01 only if the increase is properly brought before the Association at an annual meeting or special meeting called for such purpose and approved by a majority of the vote. No person shall be eligible to serve as a Director unless he is an Owner or is an attorney, agent, or employee of Declarant. Section 3.02. Additional Qualifications. Where an Owner consists of more than one person or is a partnership, corporation, trust or other legal entity, then the person entitled to cast the vote on behalf of such multiple Owners shall be eligible to serve on the Board of Directors. Section 3.03. Term of Office and Vacancy. The Board of Directors shall be elected at each annual meeting of the Association subject to the limitations set forth in Section 2.06 above. Any vacancy or vacancies occurring in the Board shall be filled by a vote of a majority of the remaining Directors or by vote of the Owners if a Director is removed in accordance with Section 3.04 of this Article III. Section 3.04. Removal of Directors. After the tenure of the initial Board of Directors has expired, a Director or Directors may be removed with or without cause by a majority of the vote at a special meeting of the Owners duly called and constituted. In such case, his successor shall be elected at the same meeting from eligible Owners nominated at the meeting. A Director selected shall serve until the next annual meeting of the Owners or until his successor is duly elected and qualified. Section 3.05. Duties of the Board of Directors. The Board of Directors shall perform or cause to be performed, when and to the extent deemed necessary or appropriate in the Board’s business judgment, the following: (a) Repair and replacement of the Common Property; (b) Procuring of utilities, removal of garbage and waste, and snow removal from the Common Areas; (c) Landscaping, painting, decorating, and furnishing of the Common Property; (d) Surfacing, paving, and maintaining roads and sidewalks, and the regulation of the use thereof; (e) Assessment and collection from the Owners of the Owner’s pro-rata share of the Common Expenses. (f) Preparation of the proposed annual budget, a copy of which will be mailed or delivered to each Owner at the same time as the notice of annual meeting is mailed or delivered; (g) Preparing and delivering annually to the Owners a full accounting of all receipts and expenses incurred during each year, which accounting shall be delivered to each Owner simultaneously with delivery of the annual budget; (h) Keeping a current, accurate, and detailed record of receipts and expenditures affecting the Property, specifying and itemizing the Common Expenses; all records and vouchers shall be available for examination by an Owner at any time during normal business hours; (i) Procuring and maintaining in force all insurance coverage required by the Declaration to be maintained for Bridlebourne Subdivision as specified by Declaration; and (j) Such other matters as may be required by the Plat Restrictions or the Declaration. Section 3.06. Powers of the Board of Directors. The Board of Directors shall have such powers as are reasonable necessary or appropriate to accomplish the performance of their duties. These powers include, but are not limited to, the power: (a) To employ a professional managing agent or real estate management company (either being hereinafter referred to as “Managing Agent”) to assist the Board in performing its duties; (b) To purchase for the benefit of the Owners such equipment, materials, labor, and services as may be necessary in the judgment of the Board of Directors; (c) To procure for the benefit of the Association fire and extended coverage insurance covering the buildings and improvements on the Common Property to the full insurable value thereof, to procure public liability and property damage insurance and Workmen’s Compensation insurance, if necessary, and to procure all such other insurance as is required or permitted under the Declaration, for the benefit of the Owners, the Association, and the Mortgagees; (d) To employ legal counsel, architects, contractors, accountants, and others as in the judgment of the Board of Directors may be necessary or desirable in connection with the business and affairs of the Association; (e) To include the costs of all of the above and foregoing as Common Expenses and to pay all of such costs there from; (f) To open and maintain a bank account or accounts in the name of the Association; (g) To adopt, revise, amend, and alter from time to time reasonable rules and regulations with respect to use, occupancy, operation, and enjoyment of the Common Areas and Common Property; provided that the Board shall give written notice to the Owners of such rules and any revision, amendment, or alteration thereof; and (h) Such other power as are necessary to carry out the Association’s responsibilities under the Plat Restrictions, Declaration or the Articles of Incorporation. Section 3.07. Limitations on Board Action. After the tenure of the initial Board of Directors, the authority of the Board of Directors to enter into contract shall be limited to contracts involving a total expenditure of less than Five Thousand Dollars ($5,000.00), unless the prior approval of a majority of Owners is obtained, except in the following cases: (a) Supervision and management of the replacement or restoration of any portion of the Common Areas damaged or destroyed by fire or other casualty, where the cost thereof is payable out of insurance proceeds actually received; and, (b) Proposed contracts and proposed expenditures expressly set forth in the proposed annual budget as approved by the Owners at the annual meeting. The said $5,000.00 maximum shall automatically be adjusted every five (5) years from the date of this Declaration to reflect changes in the purchasing power of the dollars, as determined by the most recently published annual GNP Implicit Price Deflator or any comparable, successor index. Section 3.08. Compensation. No Director shall receive any compensation for his services as such except to such extent as may be expressly authorized by a majority of the Owners. Section 3.09. Meetings. Regular meetings of the Board of Directors may be held at such time and place as shall be determined from time to time by a majority of Directors. The Secretary shall give notice of regular meetings of the Board to each Director personally or by United States mail at least five (5) days prior to the date of such meetings. At any time after the tenure of the initial Board of Directors has expired, a special meeting of the Board may be called by the President or any two members of the Board. The person or persons calling such meeting shall give written notice thereof to the Secretary, who shall either personally or by mail and at least three (3) days prior to the date of such special meeting, give notice to the Board members. The notice of the meeting shall contain a statement of the purpose for which the meeting is called. Such meeting shall be held at such place as shall be designated in the notice. Section 3.10. Waiver of Notice. Before any meeting of the Board, any Director may, in writing, waive notice of such meeting and such waiver shall be deemed equivalent to the giving of such notice. The presence of any Director at a meeting shall, as to such Director, constitute a waiver of notice of the time, place, and purpose thereof. If all Directors are present at any meeting of the Board, no notice shall be required and any business may be transacted at such meeting. ARTICLE IV Officers Section 4.01. Officers of the Association. The principal officers of the Association shall be the President, Vice President, Secretary and Treasurer, all of whom shall be elected by the Board. The Directors may appoint an Assistant Treasurer and an Assistant Secretary and such other officers as in their judgment may be necessary. Any two or more offices may be held by the same person, except that the duties of the President and Secretary shall not be performed by the same person. Section 4.02. Election of Officers. The officers of the Association shall be elected annually by the Board at the first meeting of the Board following each election thereof. Upon recommendation of a majority of all members of the Board and upon an affirmative vote of a majority of all Owners, any officer may be removed either with or without cause and his successor elected at any regular meeting of the Board or at any special meeting of the Board called for such purpose. Section 4.03. The President. The President shall be elected from among the Directors and shall be the chief executive officer of the Association. After the tenure of the initial Board of Directors, he shall preside at all meetings of the Association and of the Board, shall have an discharge all the general powers and duties usually vested in the office of the president or chief executive officer of an association or a stock corporation organized under the laws of Indiana, including, but not limited to, the power to appoint committees from among the Owners as he may deem necessary to assist in the affairs of the Association and to perform such other duties as the Board may from time to time prescribe. Section 4.04. The Vice President. The Vice President shall be elected from among the Directors and shall perform all duties incumbent upon the President during the absence or disability of the President. The Vice President shall also perform such other duties as these By-Laws may prescribe or as shall, from time to time, be imposed upon him by the Board or by the President. Section 4.05. The Secretary. The Secretary shall be elected from among the Owners or Directors. The Secretary shall attend all meetings of the Association and of the Board and shall keep or cause to be kept a true and complete record of proceedings of such meetings, shall perform all other duties incident to the office of the Secretary, and such other duties as from time to time may be prescribed by the Board. The Secretary shall specifically see that all notices of the Association or the Board are duly given, mailed or delivered, in accordance with the provisions of these By-Laws. Section 4.06. The Treasurer. The Board shall elect from among the Owners or Directors a Treasurer who shall maintain a correct and complete record of account showing accurately at all times the financial condition of the Association and such other duties incident to the office of Treasurer. He shall be legal custodian of all monies, notes, securities, and other valuables which may from time to time come into possession of the Association. He shall immediately deposit all funds of the Association coming into his hands in some reliable bank or other depository to be designated by the Board and shall keep such bank account in the name and for the exclusive benefit of the Association. Section 4.07. Assistant Officers. The Board of Directors may from time to time designate and elect from among the Owners an Assistant Secretary and Assistant Treasurer, who shall have such powers and duties as the Officers whom they are elected to assist shall delegate to them and such other powers and duties as these By-Laws or the Board of Directors may prescribe. ARTICLE V Additional Rights and Duties of Board Section 5.01. Right of Entry. An Owner or occupant of a Lot shall be deemed to have granted the right of entry to his Lot (but excluding the buildings thereon) to the Board, the Managing Agent, or any person authorized by the Board in case of any emergency, in order to remedy any circumstance threatening his Lot, the building located thereon, or any other property or person, whether the Owner is present at the time or not. Any Owner shall permit persons authorized by the Board to perform any work, when required, to enter his Lot for the purpose of performing installations, alterations, or repairs provided that requests for entry are made in advance and that such entry is at a time convenient to the Owner. In case of emergencies, such right or entry shall be immediate. Section 5.02. Right of Board to Adopt Rules and Regulations. The Board may promulgate such reasonable rules and regulations regarding the operation of the Property as the Board may deem desirable, including but not limited to the use of the Common Areas and the Common Property. Such rules as are adopted may be repealed or amended by a vote of a majority of the Board. The Board shall cause copies of all such rules and regulations, including any amendments or repeals thereof, to be delivered or mailed promptly to all Owners at least fifteen (15) days prior to the effective date thereof. Any rule or regulation promulgated by the Board shall be properly and consistently enforced by the Board. ARTICLE VI Reserves and Funds Section 6.01. Reserve and Working Capital Funds. The Association shall be obligated to establish a reserve fund for the repair and replacement of those Common Areas that must be replaced periodically, based upon good faith estimates of the useful lives and replacement costs of such Common Areas made or obtained by the Association. The reserve fund shall be funded through the payment by the Owners of Common Expenses and not by an extraordinary or special assessment. Extraordinary expenditures not originally included in the annual estimate that become necessary during the year shall be charge first against the reserve fund so established before any special Assessment is made or levied therefore. In addition to the reserve fund, a working capital fund shall be established and maintained by the Association. At the closing of the initial sale of each Lot to an Owner, the purchaser of such Lot shall deposit with the Association an amount equal to two months’ installments of the Regular Assessment for Common Expenses for such Lot, which amount shall be retained by the Association as working capital. Thereafter, each Owner shall continue to maintain on deposit with the Association an amount at least equal to one-sixth (1/6) of the Regular Assessment for Common Expenses for his Lot for the current calendar year. Amounts paid or deposited into the working capital fund shall not relieve an Owner from this responsibility for the Regular Assessments due in accordance with this Article VI. All amounts held by the Association pursuant to this Section 6.07 shall be maintained in a federally- insured, interest –bearing account in a bank or savings and loan association doing business in Hamilton or Marion County, Indiana, and all interest thereon shall be added to and deemed a part of such fund. Notwithstanding anything contained herein to the contrary, the Declarant shall not be required to maintain on deposit with the Association the contribution to the working capital fund described in this Section 6.01; provided, however, that the Declarant shall be obligated to immediately make up any deficiency resulting from the excess of the Declarant’s proportionate share of actual Common Expenses over the Declarant’s Regular Assessments. Section 6.02. Status of Funds Collected by Association. All funds collected pursuant to this Article VI shall be held and expended by the Association solely for the purposes designated herein and in the Declaration, and, except for any special Assessments that may be levied against less than all of the Owners, and except for such adjustments as may be required to reflect delinquent or prepaid assessments, shall be deemed to be held for the use, benefit, and account of all of the Owners for the payment of Common Expenses. ARTICLE VII Amendment to By-Laws These By-Laws may be amended by Declarant in the same manner and to the same extent as the Declaration; in addition, these By-Laws may be amended by a majority of the Owners in a duly constituted meeting called for such purpose, except that the right of amendment is exclusively reserved to the initial Board of Directors during the period set out in Section 2.06 above, and except as prohibited by any provision of the Declaration, the Act, or these By-Laws, as the same may be amended from time to time. ARTICLE VIII Notices and Mortgagees Section 8.01. Notice to Association. Any Owner who places a first mortgage lien upon his Lot or the Mortgagee thereof may notify the Secretary of the Association and provide the name and address of the Mortgagee. A record of such Mortgagee and name required to be given to the Mortgagee pursuant to the terms of the Declaration or these By-Laws shall be deemed effectively given if mailed to such Mortgagee at the address shown in such record in the time provided. Unless notification of any such mortgages and the name and address of the Mortgagee are furnished to the Secretary, either by Owner or by the Mortgagee, no notice to any Mortgagee as may be otherwise required by the Declaration or these By-Laws shall be required, and no Mortgagee shall be entitled to vote on any matter on which he otherwise may be entitled to vote by virtue of the Declaration or By-Laws or proxy granted to such Mortgagee in connection with the mortgage. Section 8.02. Notice of Assessments. Upon ten (10) days written notice to the Association and the payment of a reasonable fee, the Association shall deliver to any Owner, Mortgagee, prospective Mortgagee, title insurance company, purchase or other prospective transferee of a Lot, a written statement setting forth the amount of all unpaid assessments, if any, with respect to the subject Dwelling Unit, together with the amount of the currents assessments for Common Expenses and the date(s) such assessments become due and payable. Any such written statement shall be binding upon the Association in favor of any person relying thereon in good faith. Section 8.03. Financial Statements. The Association, upon the request of any Mortgagee, shall provide to said Mortgagee the most recent financial statement prepared on behalf of the Association pursuant to Section 5.02 of these By-Laws. Section 8.04. Notices to Mortgagees. The Association shall promptly provide to any Mortgagee of whom the Association has been provided notice under Section 8.01 of these By-Laws of any of the following: (a) Any condemnation or casualty loss that affects a material portion of the Common Property or the building(s) or improvements on any Lot securing its mortgage; (b) Any delinquency in the payment of Regular or Special Assessments owed by the Owner of any Lot on which said holder, insurer, or guarantor holds a mortgage, if said delinquency continues for more than sixty (60) days; (c) Any lapse, cancellation or material modification of any insurance policy or fidelity bond maintained by the Association; and, (d) Any proposed action that requires the consent of a specified percentage of Mortgagees. Section 8.05. Availability of Information. The Association shall keep and shall make available to prospective purchasers of Lots, upon request at reasonable business hours, copies of the Declaration, By-Laws, current rules and regulations, if any, and the most recent financial statement of the Association. CERTIFICATION The undersigned, being first duly Sworn, hereby certifies that the within and foregoing Code of By-Laws of Bridlebourne Homeowners Association, Inc. are true and correct. ________________________________ STATE OF INDIANA ) ) SS: COUNTY OF MARION ) Subscribed and sworn to before me, a Notary Public, in and for said County and State this __________ day of _________________________, 1987. Signature: _______________________ Printed: _________________________ NOTARY PUBLIC My Commission Expires: ___________________ Resident of ______________ County FOR BRIDLEaooRNE SUBDIVISION gf =- ?", sm#?rIou OWE -3 7- G: -r. - <.; G 2. >r;i . 7>% 3Q n J 195 BRIDLEBOURNE DmPm CwaY DECLARAm' TABLE OF CONTENTS ARTICLE I . ARTICLE XI. Section 1 . Section 2 . Section 3 . Section 4 . Section 5 . Section 6 . Section 7 . Section 8 . Section 9 . Section 10 . Section 11 . Section 12 . Section 13 . Section 14 . Section 15 . Section 16 . Section 13 . ARTICLE I11 . Section 1 . Section 2 . Section 3 . Section 4 . Section 5 . ARTICLE IV . Section 1 . Section 2 . Section 3 . Section 4 . Section 5 . Section 6. Section 7 . Section 8 . Section 9 . Section 10 . Section 11 . Section 12 . Section 13 . Section 14 . Section 15 . ARTICLE V . Section 1 . Section 2. Section 3 . Section 4 . General Purpose Of This Declaration . . Definitions For All Purposes .......... Of This Declaration ~ssessment ............... Association .............. ........ Architectural Committee ........ Bridlebourne Subdivision Common Areas .............. ............. CormPon Expense ............ Coaonon Property Common Roads .............. ............... Declarant ............ Drainage System ............... msements ......... Equestrian Facilities Lot ................a. Mortgagee ............... Owner ................. ............. sewage system .............. Water Supply ....... Use and Bulk Restrictions ............. Permitted Uses .......... Types of Structures Setbacks ................ ............. WannerofIJse ............... Floor Area .... General Rights and Restrictidns Nuisances ............... ....... Fences; Bight Obstructions Driveways ............... ............ Vehicle Parking Signs ................. ....... Landscaping and Vegetation ...... Garbage and Refuse Disposal ............. Storage Tanks ........... Tree Preservation ....... Placement of Utility Lines ..... Obstruction of Common Property ............ Outdoor Lighting Rights to Comnron Property ....... ..... Remedies for Failure to Comply Lot Access ............... Rights and Obligations for Cemnon Structures ......... ..... Easement for Common Structures Maintenance and Repair of Colunan Structures ........... .......... fnaurance. Casualty Failure to Repair. Maintain or Reconstruct ................ Reaedies ARTICLE VZ . Section 1 . ......... Construction Approvals plans. Specifications and Locations ............ of Improvements Exercises of Discretion by Architectural Conunittee ............... ........... Conrplction of Work Section 2 . Section 3 . ARTICLE VII . Covenants Por Maintenance Assesslnents . Purpose of the Assessments . . ........ Pro-rata Share Liability for Assessments . . Basis of Annual Assessments . Basis of Special Assessments . Fiscal Year: Date of Commence of Assessments: Due Dates . . Duties of the Association . . Non-payment of Assessments; ... Remedies of Association ........ Adjustments ..... Initial Assessments Section 1 . Section 2 . Section 3 . Section 4 . Section 5 . Section 6 . mer Section 7 . Section 8 . Section 9 . Section 10 . Organization and Duties ............. of Association ARTICLE VIII . Organization of Association ...... ... General Duties of the Association ........ Amendment of Declaration ............... Insurance ....... Condemnation. Destruction ......... Control ~E~Association ........... Hortgagees Rights ...... Dealing with Coaamon Property ........ Professional Management Section 1 . Section 2 . Section 3 . Section 4 . Section 5 . Section 6 . Section 7 . Section 8 . section 9 . ........ Expansion of Subdivision ARTICLE IX . ..... Method and Scope of Expansion ........... Time For Expansion Section 1 . Section 2 . ARTICLE X . ARTICLE XI . Reserved Easements ........... .................. Term ARTICLE XI1 . ARTICLE XI11 . ..... Private Amenities and Services ......... Equestrian Facilities ARTICLE XIV . ........... General Provisions ...... Covenants Run With the Land ........... scope of $ovenants Attorneys Fees ............ Failure to Enforce Not ........... a Waiver of Rights .......... Rights of Mortgagees ......... Effect of Invalidation ............ Section Headings ................ Not ices Deed Clause to Implement Declaration . . Proviaion Against Merger ........ Reservations of Dcclarant ....... Availability of Documents ....... Severability .............. Section 1 . Section 2 . Section 3 . Section 4 . Section 5 . Section 6 . Section 7 . Section 8 . Section 9 . Section 10 . Section 11 . Section 12 . Section 13 . DECLARATION OF COVENANTS. EASEHEBITS AND RESTRICTIONS FOR BRIDLEBOURblE SUBDIVISIONI SECTION ONE THIS DECLARATION OF COVENANTS, WEIIENTS AND RESTRICTIONS POR BRIDLEBOORNE SUBDXVISXON (*Declaration"), made this 305 day of 0.. , 1987, by Bridlebourne ;evelopment Company, an Indiana Partnership, (hereinaEter called Declarant"), WITNESSETH TEAT: WHEREAS, the Declarant is the owner in fee simple of certain real estate located in Marion County, Indiana, more particularly described in the attached Exhibit A ("Real Estate"); and, WREREAS, the Declarant is developing the Real Estate and certain surrounding lands within the tract described in the attached Exhibit B as a residential subdivision consisting of detached, one-family dwellings located on separate lots, to be known as "Bridlebourne SubdivlsionWI which shalL be platted by Declarant in sections from time to time; and, W£iERE&S, the Real Estate will be platted by Declarant as Section One (1) of Bridlebourne Subdivision, in phases consisting of one (1) or more Lots from time to time to be recorded in the office of the Recorder of ILamiltan County, Indiana; and, WEREAS, Wclarant desires to subject the Real Estate to certain covenants in order to provide appropriate easements and restrictions with respect to the use and enjoyment of common structures as between attached dwellings and to ensure that the development and use of the various lots on the Real Estate are harmonious with and do not adversely affect the value ol: surrounding lots on the Real Estate or within Bridlebourne Subdivisions and WHEREAS, the Declarant desires to provide for the mainte- nance and repair of the Common Property (as herein defined) located or to be located in Bridlebourne Subdivision, which is of comnon benefit to the Owners of the various lots within said subdivision, and to that end desires to establish certain obligations on said Owners and a system of assessments and charges upon said 0-vners for certain maintenance and other costs in connection with the operation of Bridlebourne Subdivision; NOW, THEREFORE, the Declarant imposes upon the Real Estate the following covenants, which shall run with the Real Estate and be binding upon Declarant and upon all successors to and assigns of all or any part of Declarant's interest in the Real Estate: ARTICLE I. General Purpose Of: This Declaration The Real Estate is hereby subjected to the covenants herein declared to preserve the value of the Real Estate, to provide for appropriate reciprocal rights and obligations between Owners with re6plcct to Comon Property la6 herein defined) shared by then, to ensure proper use and-appropriate improvemsnt~of the ~eil Estate, to encourage the construction of attractive buildings and othor attractive~improvements at appropriate locations on the Real Estate. to Drevent had'laaard develoment thereof which MY be -~ ~ inharmonious-with othei improvements bn the Real Estate or within Bridlebourne Subdivision, to preserve and maintain proper setbacks from streets and adequate free space between structures, to provide for adequate and proper maintenance of the Real Estate so as to ensure a high quality apptarance and condition of the Real Estate, all for the purpose of preserving the values of all Lots within Bridlebourne Subdivision and to ensure desired high standards of maintenance of the Real Estate, to the benetit of all OMlers within Bridlebourne Subdivision. ARTICLE 11. Definitions For All Purposes Of This Declaration The following term, whenever used in this Declaration, shall have the meanings assigned to them by this Article If: Section 1. Assessment. *Assessmentm means the share of the Common Expenses imposed upon each Lot, as determined and levied pursuant to the provisions of Article VI. Section 2. Association. "Association* means Bridlebourne Bomeowners' Association, Inc.. an Indiana not-for-profit corpora- tion, formed or to be formed for the purpose of determining and collecting the Assessments and overeeeing and enforcing the terms of this Declaration. Section 3. Architectural Conunittee. *Architectural Committeem means the Declarant so long an any Lots remain unsold by Declarant and so long as Bridlebourne is still subject to expansion, and thereafter shall mean the Board of Directors of the Association, or any group of not leas than three (3) persons designated as the Architectural Comittee by resolution of the Board of Directors, when and to the extent exercising any rights oC consent pursuant to this Declaration. The term Architectural Committee shall be the same committee aa the Bridlebourne Development Control Committee as set out in the Plat Restric- t ions. Section 4. Bridlebourne Subdivision. The term "Bridlebourne Subdivision" means and includes all sections thereof as shall have been platted and recorded from time to time by Declarant in accordance with the provisions of this Declara- tion. Section 5. Comon Areas. *Common Areas* means certain open spaces or recreational or community facilities which may be deaianated bv mclarunt as Common Area on the Blat or Dlats of ~rid~ebourne~~~bdivision, as the same may be ricorded fiom time to time, and which is intended for the- common benefit of all Lots. Section 6. Comon Expense. *Common Expense" means the actual and estimated cost to the Association for maintenance, management, operation, repair, improvement, and replacement of Colnmon Property, real estate taxes or personal property taxes assessed against any Common Property, and any other cost or expense incurred by the Asnociation for the-benefit of the Common Property, and shall also include the cost of maintaining ths landscaping upon the Lots it so desired by the Board of Directors of the As~OCiation, and any other coat or expenre incurred by the Association pursuant to this Daclaration or in the course of performance of its duties under this Declaration. Colmaon Expeness shall not include any costs or expenaes incurred in connection with the initial inntallation or completion of the Corambn Roads, utility lines and mains, street lights, or other improvements constructed by Declarant. Section 7. Coamaon Propert . "Common Property* means all real and personal property whict is in the nature of common or public improvements or areas, and which is located in, uponr or under the Connon Areas. Easements, or Coaunon Roads within Bridlebourne Subdivision, other than such as may have been dedicated to the public and accepted for naintenance by the appropriate public agencies. Without limiting the generality thereof, Co~rmon Property shall include, to the extent not publicly hdicated, all Cmwn Roads. curbs, water mains, fire hydrants, the Drai~ge System, the Sevage System, street lights and street signs, paths and sidewalks, lakes, retention ponds, parks, and open spaces. Section 8. Coamon Roads. "Comnon Roads* means those roads, walkways, and similar areas, designated as such and shwn on the plat or plats of Bridlebourne Subdivision, as the same slay be recorded from time to time, which have been or hereafter are constructed for the purpose of providing common access for owners, occupants and their guests and inviteea, to any or all Lots other than any that have been dedicated to the public and accepted for maintenance by the appropriate public agency. Section 9. Declarant. "Declarant" means Bridlebourne Developncnt Company, an Indiana general partnership, or any other wrson. firm. cor~oration or partnershig which succeeds to the =- -- interehts of. ~ridiebourne ~e~elopment company as developer of Bridlebourne Subdivision as set eorth in a recorded instrument expressly transferring the rights and obligations of Declarant. Section 10. Drainage System. "Drainage System" means the storm sewers. subsurface drainage tiles, swales, ditches, pipcs, and other -structures, fixturks, properties, equipeni -and facilities located in, upon, or under the Common Areas, Ease- ments, or Coprmon Roads and designed for the purpose of expediting the drainage of surface and subsurface waters from, over, and across Bridlebourne Subdivision, other than such as may have been dedicated to the public and accepted for maintenance by the appropriate public agency. Section 11. Essements. "Easements" refer to those areas reserved as easements on the plat or plats of Bridlebourne Subdivision, as the same may be recorded from time to time. Section 12. estrian Facilities. The "Equestrian Facilltiesm ahafl insudn all structures, paths, paddock areas, fences and other Irajrovements designated as such by the Oeclarant that are constructed and exist from time to time. Section 13. Lot. "Lotn means any of the se rate parcel. identnied on theiinal plat or plate of BriCbourne Sub- division. as the same nav be recorded from time to time. Lots shall be- numbered. Section 14. Uortqaqee. The term "Mortgagee* means any holder, insurer, or guarantor of any first mortgage on any Lot. Section IS. Owner. uOwner" means any person or persons who hold or ac u re onafter the date of this Declaration legal and/or equltfable title to any Lot; provided, however, that "Owner" shall not include any Mortgagee so long as such Mortgagee does not hove possession of the Lot or hold both legal and equitable title thereto. Section 16. Sewage System. "Sewage System" means any sanitary sewer lines, lift stations, equipment, or facilities located in, upon, or under the Common Areas, Easements, or Corpnon Roadways and denigned to provide for the discharge of sanitary sewage from any or all Lots, a5 the Sam are or may be con- structed at any time, and any replacement thereof or substitute therefor, except such as may have been dedicated to the public and accepted for maintenance by the appropriate public agency. Section 17. Water Su . "Water Systema means any notable ncluding wells, pump stations. fire or irrigation watt- fighting cisterns, equipment or facilities located in, upon. or under Carmon Areas, Easements, or Common Roadways and designed to provide for the supply of water to any of the bts. as the same are, or may be, constructed at any tine, and any replacement thereof or substitution thereof, except such as may have been dedicated to the public or public utility, and accepted tor maintenance by such public agency or public utility. ARTICLE 111. Use and Bulk Restrictions Section 1. Permitted Uses. The Real Estate and all improvements on any portion thereof shall be used or occupied only for residential purposes, with no more than one family-per Lot. No business buildinas shall be erected thereon and no cbmmercial enterprisa may b; conducted on any part thereof. blo lease on any tot or portion thereof shall have a term of less than six (6) months. Section 2. s of Structures. No structure shall be erected, altered,vaced, or permitted to remain on any Lot, other than one detached, single-family dwelling, and permanent accessory buildings. No such structures shall exceed two stories in height without the approval of the Architectrual Cormnittee. Any garages, storage building, or any other accessory building erected or used as an accessory to a residence shall be of a permanent type of construction and shall conform to the general architecture and appearance of said residence. No trailers, ehacks, outhouses. detached storage sheds or tool sheds of any kind shall be erected or situated on any Lot, except such as my be used by the builder during the construction of a residential building thereon, and except such storage sheds or tbcl sheds as may be approved by the Architectural Comnittee. Except as provided in the preceding eentence, no structure of a temporary or readily moveable character may be placed upon any Lot or used as a residence. Section 3. Setbacks. No building or other structure shall be piaced closer than 95 feet from any right-of-way line of Comoon Roadways, without the approval of the Architectural Cornittee and, if necessary under applicable soning regulations or re uirements, the approval of any toning authority having jurisdlctlon thereoft provided, that Architeotural Committee approval shall not be required for construction by Declarant. No portion of any structure shall be placed closer than 40 feet to any portion of any building already existing or under construc- tion on any adjacent Lot at the time construction on any Lot comences . Section 4. Manner of Use. Each Owner shall use and occupy his respective Lot and all easements and rights-of-way appertain- ing thereto, in a careful, safe, and proper manner and keep his tot in a clean and safe ccndition in accordance with this Declaration, applicable aoning ordinances, all health, fire, and police requirements and regulations, state statutes, local ordinances, the lawful directions of proper public officials, the Plat Restrictions set out in the plat of Bridlebourne Subdivision and all rules and regulations as promulgated from time to time by the Board of Directore of the Annociation. No Owner shall conduct, or permit any pereon to conduct, any nuisance or any unlawful activity on the Real Estate. Section 5. Floor Area. The finished and liveable floor area of the main structure on any Lot. exclusive of one story open porches and garages and other attached residential accessory buildinas. shall wt be less than 2,750 Muare feet without the approvai bf the Architectural Cemitteo ad, if necessary under applicable zoning regulations or requirements, the approval of any zoning authorit having jurisdiction thereof; provided, that Architectural Connfttee approval shall not be required for construction by Declarant. ARTICLE IV. General Rights and Restrictions Section 1. Iluisances. loo farm animals, fowl, or doneatic animals for cmmmrcial purposes shall be kept or permitted on any Lot. Pets shall be permitted outdoors only under leaah and accompanied by an Owner or other person, and each Owner shall be fully liable for any injury or damage to any person or to the Common Property caused by his or her pat, and shall be tespon- sible for removing Crom such areas his or her pet's waste materials. The Board of Directors may adopt such other rules and regulations regarding pets and otherwise dealing with the use and enjoyment of the CorrPon Property and the Lots as it may deem appropriate. In the event that in the judpent of the Board of Directors, any pet is causing or creating a nuisance or distur- bance or noise, such pet shall be rmnently removed from the Real Estate upon written notice orsuch determination by the Baard of Directors. No Lot or structure or improvement thereon shall be used in any manner which causes or might reasonably be expected to cause any disturbance to the normal use and enjoyment of eurrounding Lots, nor in any manner which causes injury to the reputation of Bridlebourne Subdivision, including, without limitation, the burning of any retuse or excessive noise by the une of any mueical instruments, loud speakers, electrical equipment, amplifiers or other equipent or machines. Section 2. Pencer; Sight Obstructions. All tenceB shall be kept in good rsparr and erected so a6 to enclose the property and decorate the same without hinderaace. encroachment. or obrtruc- tion to any Easement, Eonrton Driveway, and the right-of-way line for the Connon Driveways. No fence shall be erected between the front Lot lines and the building retback line other than r fence of a decorative nature and only with the approval of the Architectural cumittee. Uo fence, wall, hedge or shrub planting which obrtructr si ht lines at elevotionr between two and six feet above the ad~oining Common Roadways shall be placed or permitted to remain on any corner Lot within the triangular area formed by the road Let lines and a Line connecting pointe twenty- five (25) Leat from the fntersection of said street Lot Linas (or in the case of a rounded property corner, Erom the intersection of the street Lot lines extended to form a corner). As to any trees located within said Sight line areas, the Owner thereof shall maintain the foliage line of such trees at a sufficient height to prevent obstruction of such sight lines. Section 3. Driveways. All driveways shall be paved prior to or as aoon as practicable after the conplation of the construction of the dwellings in accordance with plsns and spocifieations meeting the approval of the Architectural Commit- tee. $.ch Owner shall maintain driveways located on his Lot so as to prevent or repair unsightly cracking or crumbling, and shall keep his driveway clean and free of debris. Section 4. Vehicle Parkin . No camper, motor home, truck, trailer, Wt. or r.aroationr1 !chicle oC any kind may LH stored on any tot, except in an enclosed garage or other accessory building. No vehicle shall be parked on a regular, recurrent, or permanent basis on any Coemon Roadway. This Section 4 shall not apply to any eonsttuction vehicles, trailers, or equipment of -Larant or any othr builder in BridLebaurna Subdivision during the development thereat. Section 5. m. Wo siga of any kind shall be displayed to the public vim on aey Lot (whether indoors or outdoors), except that one sign of not mtc than six square feet may be displayed Lor the purpose of advertising a house for sale. and except for such signs as may be erected by the builders (includ- ing Declarant) to advertise the property during construction and sale, end except such other signs as nay be approved by the Architectural Cap.itte8 and, if neceseary under appliuble zoning regulations or rOqUi~Oment~, by any zoning authority having jurisdiction thereof. Section 6. Iandsca~ing and Vegetation. Each Owner shall cause or permit all portions of his Lot upon which no other ill~rovenents are constructed to be covered with arass. around cober, trees, Llowerrr, or shrub, and shall cause or s&i< such landscaping to be maintained properly, exce t prior to the construction of any improvements thereon or furinp the period when the dwelling or other improvements on the Lot are actually under construction. Wo Owner, at any ti-, shall permit the growth of weds on his Lot. and each Ovner shall cause or permit the saw to ba kept reasonably clear from unsightly growth at all times. Section 7. Qarbaqe and Refuse Dismsal. No Lot shall be used or maintained am a duping ground for trash. Rubbish. garbage, or other waste mhall- not be kept on any Lot except in sanitary, windproof containers. and such containets shall be kept clean, shall be stored in the garage of sach respective unit except for trash pick-up days and shall not otharwise be etored on any Lot in open public view. Section 8. Stora Rnks Any gas or oil storape tank8 used In connactio*'~haLl be either burled or located in a garage or house such that they are coapletely concealed Lroln public view. Section 9. Tree Presarvatton. Uo trees my be removed from any Lot wlthout tha approval of the Architectural Coaaittae. and ap$iications lor sueh approval shall be aade to the Architectural Committee in wtitinqt exuavt that such amroval shall not be - - required for Declarant . Section LO. Placement of Utility Lines. All electrical service lines, gas rrrvioe lines, televiaion lines, tel-na liner, and all other lines or mains which may be used foi the transmiasion oL any form of aatter or ener y, which nuy be located on the Real Estate and which are not wfthin buildings or structures or attaahod to the walls thereof, shall be placed underground. All lines which serve any one tot shall be so located as to ba accessible Eor naintenance and repair without disturbance to structures and other permanent iaprovements on any other Lot. To the extent that any lines or equipment of any utility providing such services are situated on a Lot, such utility shall have an raseaent for the installation, reconstruc- tion, oparation and maintenance of such lines or equipment. hotion 11. Obmtruction oL comon Property. Wo Owner shall unraamonably Z'ntertere With, damage, or obstruct the usa or maintenance of any Comaon Property, or Common Roadways, Section 12. Outdoor Li htin . All outdoor lighting on an Lot hall ba subject to Pthe !pproval of the Architectural Comaittee, and all applications for auch approval shall ba in writing, except that such approval shall not be requirod for Declariidt . Section 13. Rights to c Promrt . Titlo to a11 Caron Property rhll be held in tbe Associati&- ~ach owner shall have, as aoa-.xclusitro, reciprocal h...wats appurtenant to his Let, a riqht of access to his mt over all Ccmon Radwaya. the riqht to the use of all Common Areas for their intended gurposos and the right of acms tberoto ever the CcPPn Roaduayr, and the right of access to and use ot tM Water Bystm, Drainage Syrton, the Sewage Systoa, and all utility Lines and aaim abutting or adjacent to his Loti providod, however, that no Owner 'a use of any Coa#n propocty shall materially interfere with any other Qmer's use thereof. Section 14. Itdies for Failure to C . In the event that any Owner fails to fully observe a& the obligations set forth in Article 111 or this Article IVd and in the further event tbat sucb failure is not cured witbin thirtv l3OI davs after written notice of the name is given by the Ass&idtion,-tire Association and any Owner ahll have the right to cca6ence judicial proceedings to abate or enjoin such failure, and to take such further action as may be rllwod at law or in equity to correct Such failure after roglreoc*runt of such proceedingr. In the event that sucb failuro causer or threatens to caw ilwdi- ate and substantial harm to any property outside of such dofault- ing Owner's Ut or to any pOr8On1 the Association shall h.w tho right to enter upon such Lot for the purpose of correctiml such failure mu any harm or damage caured therob , without any liability whatsoover on the part of the &n.ociat!rn. All -tn incurrod by the Usociation in connection with any act or proceding undortakon to abate, enjoin, or corroot such failure shall be payable b the defaulting Owner upon -nd by the Aslociation, and shaxl idiatel be- a lien against his lot. subject to paymont and colloatton in the arnner providod in Acticle V for aolleotion ot AS.cnsmont8. The ti hts ln the Owners and the Alwoirtion under this Section 8k11 k in addition to all other enCorecnunt riqhts hereunder or at law or in equity, Section 15. Lot Acce88. All Lots shall k recessed trm tho intorlor Coeon Rordurys of the subdivision. Wo aaoesr 1s permitted from Shelbouena mad. ARTICLE V. Rights and Obliaatlons f-t t tor Caaaon Structures. Each Gtwr right (subjoct to the previsions of this Declaration) to use, oacupy. and enjoy his mt and tho irprovo- ments conmtructed thereon. tion 2 wirintenmce and Re lr of Cmwn Structures. Each -1 h 6.*8.DO(UblO .Or YInteIYnae, teP.irr and reconrtruotion of his Lot and all imrovemontm 1ocat.d thereon. - - - - - . - - - - - . and shall keep the 8- In Gndition ad repair. Tho Asaooiation eM11 have tbe ri~ht to eator upon wch Lot for tho rforlunce of its maintenance and repair rights or duties ereundor or under the Plat Rertrictions. Section . Insurance C.s(ult . The As.ociation shall luintdster pol- bf Insurazce aqainst tire and other camualty. with rtandatd entaaded coverage endors.unt8, on a11 iaprovemmts om Ccwon Arms, in an amnt ma1 to the full iniurable value oC such improwmntm. such- insurance shill include l revlacenent cost mdorsaent and inflation auard ------ .---- andorrmnt {If obtainable) ad mhall na- as insureds tho msociatioa. In the went tlut the hprwements on lay totrs) are - Or dutrwad by AIIT WtUltYr the Ovnerts) thereof shall repmir-or r-konitruct t6 HI. rubstratiaily to their tion Miate11 mrior to such duaae or doatrrctioa, prwidd. th.t subj&t to-t6e other provisio~ of this Doclara- tiom, sucb auners may elect to r- the ruidlec of the improvements rad construct new improvements therwn not necessar- ily the sw a8 tho ones pteviauly colutructod. Section 4. Nilure to Regair. Jhintain or iteronatruct* R.ud'tes. n the event that any Ouner s 11 tai or refuse k rAir. or reconstruct any imrxoFLants for which he is responsible -under this Article ad all persist in such failure or rrfuul after thirty (30) days prior written notice thereof, then in addition to a11 other rlghts and remedies as uy k available at 11 or in equity, the Association shall have the right, upon a preliairury finding of reasonable cauor by any court hrvi~p jurisdiction oC the partir or the property, to enter upon such defaulting Omer'a Lot and perfor. all n+cessar work thereon to return the improo-nts to good condition ad rep~ir or to build such structures or iagrooacrrnts as are necesoary to restore the imprwenents to a cmplrte and useable architeutural unit. In the event that such failure or &efuml shall result In any condition whicb is causiag or is likely to cauu immediate and substantial btl to persona or propert outside of much defaulting Owmrs8 Lot, such right ot entry aha11 be immediate. A11 oc#t8 inourrod is a result of such entry and the work prCormd on such detaulting Ouner*s behalf (includl~ attorneys fees] shall b. p~yable on and by the party incur- ring such c08tlr and shall corutitute a lien on 8uch defaulting Owner's Lot lroa the &tats) Incurred in favor or the party incurring much coats. Such lien shall be subordinate to the lien ot any Ilortgager and the lien for Aasesuents hereinafter provided. ARTICLl VI. Construation Amrwals. Boation 1. Plans, S#aifiaations and tooations of Im~rw - w. wilmnp. structure, erivmmy. renee. wall. MtiZr EIjiiElnq pool, landicbplnq, antenna* tennlr court, or 0th.; torn ot lsprovmnt -11 be areatod, placed, or altered on &ny Lot until the buikdlng plans, #p.oifi~&tl~nsr and plot plan shwin the dealqn, dlmslonr, color, utar lala. and loartion thereo! have hem rpprwM by the Archlt~tural Conrlttn a8 to their confotalty and hammy of extatml derlgn with the exlrting bulldlngs, rtruatures, and other i rovrrrrnts in Brldlebourno Subdiulmlon. and as to mapliane. Xth appliaable law and tk. oovenmts herein contained: provided, however, that no such approval shall be required for any ilpr~nts constcuoted by DecUrmt, If the Architectural Coamittw Calls to aot upon an ens submitted to it tor approval uithin a period ot thirty (30 ys Crom the sukissioo date of such plans, ouch failure shal be ded approval and the Gmet MY then premed with the constructlon amording to the plans 8ubnitted. The Arahitectural Couittee sh.11 not k entitled to any aorp.nution for servicrs gertorud pursuant to this Article VI, exarpt as uy be approved y the Wrd of Directors of the Aslociation. 8.ot ion Exercises OC OiSCc~tLon by Architectural exercise oL discretion by tor by this Declaration, the Architeatural Ccrrittee shall exotci~a its discrstlan - - - - - - - - - reasonably in viW of the qenet81 putgo~.-o~- thisDe~laration~ as set forth In Artiole 1, and in vlw ot any rp.oltic purposes or standards whiah povern the s ific a roval or erurcioa oi? direretion in question, as may ib.f speci& in the mockion or sections of this Declaration relating thereto. The Architectural Committee shall have no power to approve any plans that do not coxply with the use and bulk restrictions set forth in Article 111 of this Declaration, or to vary or alter any other term, condition, covenant, or restriction in this Declaration or Plat Restrictions; unless express authority therefor is granted by this Declaration or by the Plat Restrictions. Section 3. Com~letion of Work. Upon receipt of all awprovals reauired pursuant to this Article, each Owner shall. as soon as pra6tical.- satisfy or cause to be satisfied all con- ditions thereof and diligently proceed with the commencement and completion of all approved construction. If work is not substan- tially completed within eighteen months of the date of such approval, or such longer period as the Architectural Committee may approve prior to the expiration of such eighteen months, then the approval of the plans for such work shall terminate automati- cally without any further act by any person, and such Owner shall not commence or continue such construction without further approval of the Architectural Cornittee obtained in the manner of the initial approval as hereinabove provided. Failure to comply with the limitations set forth in this section shall constitute a breach of this Declaration and subject the defaulting party to all enforcement procedures set forth herein and any otner remedies provided by law or equity. Furthermore, the Architec- tural Committee, at its discretion, may declare auch uncompleted improvement to be a nuisance and shall have all remedies provided by law, in equity or in this Declaration, to abate such nuisance. ARTICLE VII. Covenants For Maintenance Assessments Section 1. Purpose of the Assessments. The Assessments leviea by the Association shall be used exclurively for the ourwse of ~reservina the values of the Lots within Bridlebourne kuGivision; as the -same may be platted from time to time, and promoting the health, safety, and welfare of the Owners, users, and occupants of the same and. in particular, for the improve- ment, fencing, repairing, operating, and maintenance of the Common Property, including, but not limited to, the payment of taxes and insurance thereon, Eor the cost of labor, equipment, material, and management furnished with respect to the Cannon Property, and any and all other Cbmmon Expenses. Provided, however, that the Squeatrian Facilities shall be exempted from the Coawn Property and Comaon Erpenses for these, but solely Lor theae, asoessient purposes. he mdintenance and operat'ional exwnses of the Eauestrian Facilities shall be mid in accordance with the grovisio!is of Article XIII. Each Owne; heraby &&enant; and agrees to pay to the Association: (a) A Pro-rata Share (as hereinafter defined) of the annual Assessments fixed, established, and determined from time to time as hereinafter proviUed. (b) A Pro-rata Share (as hereinafter defined) of any special Aasesaaents fixed, established, and determined from time to tima, as hereinafter provided. Section 2. Pro-rata Share. The Pro-rata Share of each Owner For purposes of thim Article VII shall be the percentage obtained bv dividina om bv the total number of Lots shwn on the - - . . . . . -. - - plat or piats of &idleGurne Subdivision. as the same mav be recorded from time to time. Section 3. Liability for Assessnents. Each Assessment, together with any interest ;hereon and any costs of collection thereof. includina attornevs fees. shall be a charae on each Lot - - -- and shall conititiite a 1i& umn each Lot from and-after the due date t!.areof in favor of the -Association. Each such Assessment, together with any interest t,hereon and any costs of collection thereof, including attorneys Fees. shall also be the personal obligation of the Owner of each Lot at the time vhen the Assess- ment is due. However, the sale or transfer of any Lot pursuant to mortgage foreclosure or any proceeding in lieu thereof shall extinguish the lien of scch Assessments as to payments which become due prior to such sale or transfer. The lien for any Assessment shall for all purposes be subordinate to the lien of any Mortgagee whose mortgage was recorded prior to the date such Assessment first became due and payable. No sale or transfer shall relieve such Lot from liability for any Assessments thereafter becoming due or frofa the lien thereof, nor shall any sale or transfer relieve any Owner of the personal liability hereby imposed. The personal obligation for delinquent Assess- ments shall not pass to any successor in title unless such obligation is expressly assumed by such successor. Section 4. Basis of Annual Assessments. The Board of Directors of the Association shall establish an annual budget prior to the beginning of each fiscal year. setting forth all anticipated Common Expenses for the coming fiscal year, together with a reasonable allowance for contingencies and reserves for periodic repair and replacement of the Conimon Property. A ~opy of this budget shall be delivered to each Owner within thrrty (30) days prior to the beginning of each fiscal year of the Association. Such budget, when approved,m shall constitute the basis on which the "Annual Assessments are determined for purposes of this Declaration. Section 5. Basis of Special Assessments. Should the Board of Directors of the Association at any tiae during the fiscal yr determine that the Assessments levied for such- year may be nsufficient to pay the Common ExWnSes for such vear. the Board of Directorst shall- call a speciai meeting of the-~saociation to consider imposing such special Assessments as may be necessary for meeting the Common Expenses for such year. A special Assessment shall be imposed only with the approval of two-thirds (2/3) of the Owners, and shall be due and payable on the date[s) determined by such Owners, or if not ao determined, then as may be determined by the Board of Directors. Section 6. Fiscal Year; Date of Commencement of Assess- ments; Due Dates. The fiscal year of the Association shall 6e established by the Association and may be changed from time to time by action of the Association. The ~nnuai Assessments on each Lot in each section of Bridlebourne Subdivision shall commence on the first day of the first nonth following the month in which Declarant first conveys ownership of any Lot in such section to an Orrner and shall be due and payable in monthly installments on the first day of each and every month thereafter; except as may otherwise be established by the Board of Directors by notice to the Owners: provided, that if any Lot is first occupied for residential purposes prior to being conveyed by Declarant, full Assessments shall be payable with respect to such Lot commencing on the first day of the first month following the date of such occupancy. The Declarant shall be liable for and shall make up any deficit in the budget for the Common Expenses for any year in which Declarant controls the Association, and notwithstanding the preceding sentence, the Declarant shall pay an asoessinent on each tot mneC by it equal to twenty-five percent (25%) of the full annual Assessment against any ~ot, until such time as full Assessments become applicable to the Lot under the terms of the preceding sentence. The first Annual Assessment within each section shall be made for the balance of the fiscal year of the ~ssociation in which such Assessment is made, and the Board of Directors may from time to time by resolution authorize the payment of such Assessments in monthly, quarterly, semi-annual or annual installments on such date or dates as it deems appropriate. Section 7. Duties of the Association. (a) The Board of Directors of the Association shall cause proper books and records of the levy and collection oE each annual and special Asseesment to be kept and maintained, including a roster setting forth the identification of each and every Lot and each Assess- ment applicable thereto, which books and records shall be kept in the office of the Association and shall be available for the inspection and copying by each Owner (or duly authorized re3resentative of any Owner) at a11 reasonable times during regular business hours of the Association. The Association shall cause audited financial statements to he prepared at least annually for each fiscal year of the Association, and shall furnish copies of the same to any Owner or Mortgagee upon request. The Board of Directors of the Associ- ation shall cause written notice of all Assessments levied by the Association upon the Lots and upon the Owners to be mailed to the Owners or their designated representatives. Notices of the amounts of the Annual Assessments and the amounts of the installments thereof shall be sent annually within thirty (30) days following the determination thereof. In the absence of any notice regarding the amount of the Annual Assess- ment, each Owner shall continue to pay the monthly amount for Annual Asaessments previously paid by such Owaer. Notices of the dntounts of Special Assessments shall be sent as promptly as practicable and in any event not less than ten (10) days prior to the due date of such Assessment or any installment thereof. In the event notice of any Special Assessment is mailed less than ten (10) days prior to the due date of the Assessment to which such notice pertains, payment of such Assessment shall not be deemed past due for any purpoae if paid by the Owner within ten (10) days after the date of actual mailing of such notice. (b) The Association shall promptly furnish upon request to any Owner, prospective purchaser, title insurance company, or l4ortgagee a certificate in writing signed by an officer of the Assooiation, setting forth the extent to which Aasessaents have been levied and paid with reepect to any Lot in which the requesting party has a legitimate interest. As to any person relying thereon, such certificate shall be conclusive evidence of payment of any Assesantent therein stated to have been paid. (c) The ~ssociation shall notify any MortgaSee from which it has received a request for notice: (a) of any default in the performance of any obligation under this Declaration by any Owner which is not cured within sixty (60) days; (b) of any condemnation or casualty loss that affects either a material portion of Bridlebourne Subdivimion or the Lot securing its mortgage; (c) of any lapse, cancellation, or material modification of any insurance policy or fidelity bond required to be maintained by the Association; and (d) and proposed action which requires the consent of the Mortgagees or a spccifiad percentage thereof, as set forth in this Declaration. Section 8. .tion. Won-p.ymant of A88eSSwntl# Remedies of Aeroai- (a) If any Aasesswnt is not id on the date when due, then such Asse8sment shalybe domed delinquent and shall, together with any interest thereon and yy cost oS aollection thereof, including attorneys fees, become a continuing lien on the tot against which such Assesanent was -do, and such lien mhall be binding upon and enforceable as a personal liability of the Ownor of such Lot as of the date of levy of such Assessment, and shall be enforceable against the interest of such Owner and a11 future succ8ssors and asaigneos of such Owner in much Lot; provided, however, that such limn shall be subordi~te to any firat mortgage on much Lot recorded prior to thri date on which such Anm~omnent beacmes due. (b) If any Assessrent upon any Lat is not paid within thirty (30) days after the due date, auah AS80SS~ent and ~11 costs of collection thereof, inaluding attor- neys fees, rhall bear interest from the date of delinquency until paid at a rate of eighteen porcmt /ld8) per annun and the Association may bring an action in any caurt having j~rirdi~ti~n aminat the deli -r to en~~rw pa nt ot the and/or toZ2 close the lien agact mid Olller*. Lot, and thee shall be rddM to the amount of sub Asmessmnt a11 Cost8 of such action, including tha hs.ociation*s attorn s fw, and in the ewnt a ju nt is obtaia. such idgynt shall includo sueh%erest, costs, and attorneys fees. Section 9. M lutarnt.. In the event that the amounts actuany uprdc.%hsociatta for -n -.or in any fiscal year exaed the mnts budgeted and uw-.d for Coron Erpcmes for tlut fisaal mar. the amount at such d.f icit -11 be- carried over and bus& an additional &is for A.rcssments Lor the following fiscal year, except that so long u the Declarant controls the &80ciation, Doclarant shall be respon- sible for such deficit. Tberaafter. such deficit ny be recouped either by inclusion in the budget for Annual -nts or by the Wing of om or more *cia: ibmmmenta for such purpose, at the optioa of the A..ociatfon. In the eveot tbt t& amunts budgetdl and assmssed for Comon Expo- in an fiscal yut ex- tht amount aemmlly ap.m t~ ~uoeiatlat for - mpenaes for that fiscal par, a Pro-rat& &re & such oxemu shall be a arodit against tbe kw~t(~) duo Irm rrcb Ounn for the next fiscal yearts), in nub, amounts u the Board ot Directors shall dea appropriate. Saction 10. Initial Aaw8mnts. During the first par following tlu &te of reaordation or tb. Dechratiao for section Onc of Bridlebau~ne Subdivi~i~nr th, total w~ts per toL shall not be incru bv more than tha t-1- mr-nt (121) over --- - ----- the prior ymar. until Joeb tiw u the kchirant reiinqilshea control Of tb Jumci.tioo. ARTICLE VTII. Orwaairatioa and Duties of aiation r- ----- --- -- Articles of rncocporatioi and Wtwr thereof. The menbegship of the nasociation shall consist of one clas8 of voting mambars, with each maber having equal voting rights. The omership of each Lot shall entitle each Owner entitled to one vote for each Lot and fraction81 Lot owned by said Owner. The mmbars of the Association shall conalst oL the Owners of Lots in Bridlebourne Subdivision, a6 the same my b. platted from time to tiae. In the event th8t any one Lot shll be owned by nor. than one person. partnershipr trustr corporation, or other entity, they shall be treated ~llectfvely as one mrnbar tor votlng purpoaes~ so that as to any mrtter baing considered bg the Associationr only one vote appertains to each Lot. Section 2. General Duties of the Association. The As~oci- ation is here authoriaed to act and shall act on behalf of, and in the name, %ace, and stoad of, the individual ownera in a11 matters pertaining to the maintenance, repair, and replacement, of the Cormun Pr rty, and (my with respect to all landamping eterailution of Coanon Expensesr the colleotion on any Lot), thaT of annual and special U8ersmentar and the ranting of any a rovals uluneoer and to the extant called tor %y this mclara- tgn, Cor the -n benetit of a11 such Omerr. The 48-iation rhll aleo bve th. right. but not tha ~bliptiofi, to act on behalf ot any Omat or Owtl.rs in seeking enforcement ot tho term, COWMnt8r conditiocl. and reatrictions uontained in this Declaration. Illritbr the mwciation nor its oLficors or authorized agents ehll h8~ any liabilit wh.tsower to any Ouaar for my 8otioa taken under color 01 authority of this Oeelaratioa, or tor my failure to tde any action callsd tor by this ~eol8t~tiOOr onleu such act or failure to aet is in the nature of a willful or rwkless dimregard of the rights of tb. Owners or in tho nature of willful, intentional, fraudulent, or rockle3s dcconduot. Sctioa 3. Aundnnt of D.cl8ratioa. The Association -11 bav~ nriObt to this Declaration 8t my tiwr ad Cram the to time ppoa th. r-abtion 0t an 8WabMt to tbl Association by its &8td of DfrOCtor~r and th8 apprcvnl - rr-nt both tbo -rs ot seventy-flvm percmt [?St) of the Lots and ninety ptcent (90)) of the ~ort-r prwided, howaver. that any sucb uudmnt of this Declaratioa -11 require prior written 8 wal of tbo Dulrtant so long u 0.claraat om any tots rithrBridl-rn. Wiviei-. El& .ucb -t mt b. Wid.ncrd bl( a writ- iastrunent, s1pl.d .nd aeknou1.dp.d bl, QPly authorized officers of th3 Ib.ocri.ti-. md by o.clu8et whet4 its .porCwal is rrpired. setting forth filcta sufticimt to indiorte cagli.nor! ~itb this plrwrmr *lUdiDQ 88 a .*bibit Ot th0r.W a cmrtified ao@p ot th. dol~tos of tbo k#oi.tion mati at crhich the -ry actions -re tamn, we -t Li ant b- offecticn -ti1 rlrcordsd in the offlce of the Bworder of gull .~n Coluty. in to-ce ($3rO03,OCO.@O) 0.C -ttm em p.t-1 it4j~v 8d 011. JIillio~ Dollar8 ($l.OO@.W@.OO~ per oacurrm Lor property me. B i3uoaiarioa sb.1 alw riat8ia fa to- tbe -tat casual:y poliq referrad to is Article V breirubon, and shall rriotr.n -U fir* ud gt.od.d awerw Inrrrana toc a11 n erapert Poo th Weefit & all Orrwrs .ad &rt in Itidlc~ouru Livisiw. i-riq .p.inst tire. wXZEon. v.d.1~111. w~ swa ether b.urd. as w st&a:d W.U -4 C~L.ien'. In LI Sb&*... tlY fall ia#r.bl. ulw ob -en CarPa Property, and sb.11 contain the following endors~~~ents, if and to the extent obtain- able at a reasonable cost in the State of Indiana: ti) raplace- ment cost8 {ii) inflation guard; (iii) demolition cost, contin- gent liability, and increased construction coat in connection with Building code requirementst and (iv) steam boiler coverage (if applicable). In the event that all or any part of the Coerpon Property is determined to be in a flood hazard area, the Association shall also obtain a master policy or flood ins~rance on all structure6 and Improvemants on Common Property within such flood hazard aone, in an amount at least equal to the lesser of 100% of the current replacemnt coot of all insurable property within the flood haaard area, or the maximum coverage available for such property under the National Flood Insurance Program. me uounte of coverages under the foregoing policies shall be iocreased frat tima to time to cover all additions to Bridlebourne Subdivision. C. The Association also shall obtaln eonprehemive public liability insurance together with Workmen's Cornpansation Insur- ance. employers liability fnsurmce, and such other liability i~~rance, with such coverages and limits, as the Board or Dirwtorr deems appropriate. All policies of insurance of the character described above ahall contain an endorsement or clause whereby the insurer waives my ri ht to be subtogated to my claim against the ~os~~i.tionr its of!icersr the Beard of Dirmctors. th. DOUlarant, any klugi +t, their respcti~r employees and agents, or the Ouners, a% shall further mtain a clause whoreby the insurer uaitns any bhnrm bad on acts of individual Owners whore interests are icuurrd therdmr. and shall aover claiu of one ot rote insured partima against 0th.. insurmd parties. All such policies shall name the Association. tor the use and benefit of the Owrurs, as tho insureds and shall prohibit any uncellatiea or substaatial moditicatioe to average witbut at least ten (10) day's prior written notice to the Auociation and to tbr Mort . Such inmarma sttall iwre to the benefit of the 2Etoa. ttm Bo8rd of Dir.ctors. ad aay arr~ginq sent or company acting on bdulf of the Amoeiatiaa. D. The Association shall obtain a fidelity bwd indraity- iag ths Association, tho mrd of Directors, and the Owners tor lou of funds resaltiz fra fraudulent or dishonest acts oL any -T or officer tbm ikrocriatioa or of any other per.0~1 b6nUl ag the fad8 af elm Association or the -ra, vhich bond sball k written in m ..ocpnt aqud to at 1-t ma hundred fifty 0.r- (150%) of tb. eatisatad m110.1 operating rxp.aur tor *idlmrae smbdivisioal. 8. Ul policies of insurance uintaind by the (U.oci.tion gar-t to ttbb &ctiao all rwi9 sucb coverages and b. in .pCh -ts as may tm -trod Pra time to tiu -I OBUE. PIIh or VA. A11 policin -11 contain a clause uhereby tb. inmrmr .gr.# to mi& written noti- to the Auochti-. to Alll), .ad to any other lendiag Il#titotiom' or mncy rcqclntiag at r.poIrInp the rrw, prI% to r cancollation or material oditieatim -mot. ruffiazon sh.11 notify .?I Wort- - oC *oh it bo notice of any l.p.er cancel-tion, or rtrrid -fieation of any insurance po~icy. F. ~.d, owmet -11 ban the right to rch.ra any -I- CI-1 i-t- u he .., d." -sat Se -r -1 k aol.1~ -ible foe la6 d oc to h& r-1 ptqprtr b~. lot* wc mr incldiag aBf ttoot ud -1 oomiags. appli.nca8. fa~n1tu~~ .od betterwnts 1-bd by tho mr. Wch Ommr -11 k, solely r mini- his a ssmmr- co car any - lor. Z8YZP Section 5. Condamation, Destruction. In the event that any or the Common Property shall be condamned or taken by any conrrwtent wblic authority. or in the event the same shall be druaigad or- destroyed by ;ay cause whatsoever, tha ~ss%iation shall repreaent the interests of the Owners in any proceedinqs, n.~otiatIono, inrurance ad justmnts, set tlemnts, -of agreements in connection with auch condemnation. damas. or destruction. my sums recovered by the Association tihall bi applied, first, to the restoration and repair of any Conman Property condemned, damaged, or destro ad, to the extent such restoration or repair is ptacticable, antK the balance of auch sums shall either be held as a reserve for future maintenance of the Common Property or turned over to the Owners in proportion to their Pro-Rat. Shares, whichever may be determined by a majority vote of the members of the Alsociation. Bach Owner shall be responsible for pursuing his own action Cor damages to his Lot, either by reason of direct dam8ga thereto or by reason of an impairment of value due to damage to the Comon Proprrtyr provided, however, that u n request of any owner(.,, $he ?.sociation shall pursue such .la% on such requesting Owners behalt, and shall turn any recoveries for such Owners over to such Owners directly. The Assoclation sh8l1 notity all Wortgagso8 of which it has notice of any cond.mnation, -gee or destruction of any comon Property. Section 6. Control of kllooiation. During the develogunt of sr~alebourno bbdlvlsion. the Ansociation shall k -rated and controlled by Declarant. Ihe Board of Directora shall . - - - - - - - - - -. - - coluiat of p.rwnj appointed by Diiiarant, and each Owner ah11 give .nd sball k dmmd to have iven to Declaraat an irrwo- cable proxy to vote oa any and alf matters on which the -rm are entitldl to vote under this Declaration or under the Articles of Incorporation or th. By-hws of the Association. Tlm control of the Aarociatioa ohall b. transferred to the O*narn no later than the ~rller of the following dates: (a) one hundred twenty (120) days after the date on whicb r total of maty ria percent (758) of the Lots have been conv8yed to Ovners; (b) seven (7) years after the date on which the Sirst Lot is comqed to 80 Ovner. We irrevocable proxy in Dlclaraat shall terminate as of the date of such traasfer. Soation 7. Nortg.9..r1 Riahts. Ru IIOrt~ul individ- CO UCtV8Yr rwt, botnotthcobligation. y L r r o an, ,, am oc my kar a lien against tlm Carw Property, ia tbe event tbe same are mot paid by the Auodatioa rhan due. ibr kottg.gus alao h.n the rigbt. but not tbe obligation, to pay auy overdue &am am &nard inmrance policies raquired to be mainL.imd U. -iati~* or to -re ..r h~rd i-r- -rage in tbe event oL bps of aal nrh policies. my Ibrtg.9.t or Icort- Wing my Olyvnt plrsruat to this Scctioa 7 -11 be entitled to r8Unnr8eamt fra tbo AsLI.ociation progtly upon writtea dll~nd t&reSor to Lbr Aueciation. 0. wino with Prarrsrtpi The ~ssociatioa ~llebt~, er el UW"9"mt .dp.r or Otherwise transfer er mSY2.l O: - nmrtVrtL - -rew- vitbamt ths appew.1 of tb awnicf oL at ~.ut -wOL-thi&-riijfj of tbe Ms. In -ling via tbe ?rag.rty, tba m~..oci- atm ohall be to bold tb. mme la trust tor the oru .lid benefit oL the ~rm. Providedr brmcnr. tha mrd os ~imt-s at tb, M~..oci8tioll P .DglO*.: (1) ussat grants acro.6 - -sty tot tlrbicy. storm ud sanitary #wr li~. md (Xi) the -nar horeiMftes ruthoriwd in Article XIIf. Section 9. Prohroional unaqment. The Association my delegate its duties to a professional management agent, but any contract,for such purpossn shall bo terminable upon not more than 90 days notice, and no such delegation shall relieve the Association of its responsibilities under this Declaration. ARTICLE IX. Expa~ion of Subdivision Section 1. Method and Scorn of Expansion. Declarant. at its o t on and rcla t me to t me, may expand Bridlebourne .ubdlv?sion to inzude a:l or any Arts of khe tract described in the attached Exhibit 8. by the addition of further sectiona consisting of one or more rkts and any Comaon Property which is necessary or which in the discretion of Declarant is appropriate for addition with such section. Such further sections, if added, shall be added by the recordation of a plat of such sections, consistent in detail and layout with plats of sections previously reoorded, and by the recordation of a declaration 1rPposing upon such section covenants substantially similar in form and sub- stance to this Declaration. Declarant hereby covenants that the total number of lots in Briblebourne Subdivision shall not eXCeOd Eighty Pive (as), and that no real estate shall be added thereto which is not within that dascribed in %hibit B, without the coneent of the Owners of at least two-thirds of the tots. Section 2. Time for Expansion. No additional sections shall be added after the date which is twelve (12) years after the date on which the plat for Bridlebourne - Section One was re~~rdcd. ARTICLE X. Reeerved Euepcnts ~ll public and quaei-public vehicles, including but not limited to police. fire, ambulance and other emergency vehicles, trmh and garbage colleetion, post office vehicles, and privately owned delivery vehicle8 sball h.ve the right to enter upon the -1 mtate and any Lot therein in perfor~nce of tbeir dutier. Declarant bereby remetoas and my grant to the Association or to the appropriate public agancims or utility oolpanier perpttul -memento wet, upon, and under the Como1 Areas, Easements and Caron Roadways. and within a ten (10) toot area along the sides and back of each LOtr or within ten-foot strips adjacent to the existing Shell Pipeline -..rent. tor the imtallation, servir b3 , maintenance, repnit, or replacamant of any Coaaon Property any utilities, including but not limited to water, sewers, (storm and unitary) gas, telephone, electricity, and cable television, as the mame are aau or hereafter may be 1otxt.d. Deckrant further reservu easemeats ovor the CoPlon Roadways and Drai~ga 8y.t~ for access to and drainage from those portions of the real estate described in Exhibit B which have not been addad to Bridlebourne Slrbdivisim as of any tin. In the event tht any Caarn Ebadways is hereafter dedicated to the public and accepted for maintenamem by the appropriate public agency, tbe easemats res~~rved horofn shall not he effectad in any way by soch dediation. In tbe event that Declarant, its nuccubwrs or assigns, shall exercise any rights uod.r the easements hereby reserved. and in the went that such exercise shall cause any duur to urg Lot, the party exercising such ~sro*nt rights 8-11 re8tore such Got sob.tmti81ly to its condition imediately prior to such exercise. Tthm sue~nts hereby reserved, with tha 1-81 of the Wrd OC Directors or Declarant, may be used for the bmefit of property not within Bridlebourne Subdivision. ARTICLE XI. This Declaration shall be effective for an initiai term of twenty (20) years and shall automatically renew for additional term of ten (10) years each, in perpetuity, unless as of the end of any term both the Owners of ninety percent (902) oE the tots and the Mort agees of at least ninety percent (90%) of the Lots vote to term?nate this Declaration, in which case this Eeclaza- tion shall terminate as of the end of the term during which such vote was taken. Uotwithstanding the preceding sentence, all easements created or reserved by this Declaration shall be perpetual unless otherwise expressly indicated herein. ARTICLE XII. Private Amenities and Services The Water System, Drainage System, the Sewage System, and other Common Property shall be owned and maintained by the Association so long as this Declaration remains in force. In the event of any termination of this Declaration and/or any diusolu- tion of the Association, the Association shall convey the Colaaton Property to a successor organization having similar purposes and powers as the Association. or it shall use its beet efforts to dedicate the Comaaon Property to the appropriate public agencies or utilities which normally hold and/or administer such property. If such dedication or conveyance are not possible, such property shall be disposed of as determined by the Circuit Court of Hamilton County, Indiana, consistent with the purposes set forth in this Declaration. ARTICLE XIII. Equestrian Facilities The portions of the Common Areas designated by the Declarant for use as Equestrian Facilities may be leased to a for-profit or not-for-profit corporation for the purposes of constructing, reconstructing, operating, and maintaining said JQuestrian Pacilities. The Board of Directors of the Aesociation may lease the zquestrian Facilities upon such terms and conditions and for such idera era ti on (including nominal consideration) a6 aid Board may approve; provided, that {l) the urre of such Equestrian Facilities shall be limited to the Owners, the meabers of their households living with them and their guests: (2) the lessee shall construct and maintain the Equestrian Facilities, at its expense, with the Ansociation having no obligation or auty to expend any nmnies for them. or to, in any manner, include such expenditures as a part of the Common Expenses. ARTICLE XIV. General Provisions Section 1. Covenants Run Uith the Land. The covenants created bp this Daclaration shall attach to and' run with the Real Estate and ahall be binding upon ~vQ-: +reon who may hereafter cwne into ownership, occupancy. or pooeession of any portion of the Real Estate. Section 2. Sea# of covell.nts. The Declarant and each Omer of any Lot in Bridlebourne Subdivision, by acceptance of a deed therefor, whether or not it shall be so expressed in such dead, are deemed to have agreed to each and every one of the various terms, covenants, conditions, and restrictions contained in this Declaration, and the same shall be of mutual and recip- rocal benefit to Declarant and each Owner of each Lot. Declarant and each Owner shall be entitled to enfcrce this Declaration against any Owner to the full extent permitted herein and under applicable lav. and shall have all rights and remedies for such enforcement at law or in equity. Each Owner shall be liable for any failure to fully conply with a11 of the terms, covenants, conditions, and restr~ctions contained in this Declaration only so long as each such Owner shall have any interest in any Lot; provided. however, that the relinquishing of all of such interest shall not operate to release any Owner from liability for a failure to comply with this Declaration which occurred while said Owner had such interest. Section 3. Attorneys' Fees. As to any legal or equitable proceedings for the enforcement of. or to restrain the violation of, this Declaration or any provision thereof, if the party bringing such action is successful in obtaining any remedy against any defaulting 0wn:r. such defaulting Cuner shall pay the reasonable attorneys fees of Such successful party, in such amount as may be fixed by the Court in such proceedings. Section 4. Failure to Enforce Mot a Waiver of Rights. The failure of the bclarant, the Association, or any Owner to enforce any term, covenant. condition. or restriction herein contained shall in no event be deelued to-be a waiver of the right to do so thereafter, nor of the right to enforce any other such term, covenant, condition, or restriction. Section 5. Rights of Wortqaqees. Except to the extent otherwise provided in Article VII, no breach of this Declaration shall defeat or render invalid the lien of any mortgage now or hereafter executed upon any portion of the Real Estate; provided, however. that if all or any portion of said Real Estate is sold under a foreclosure of any mortgage, any purchaser at such sale and his successors and assigns shall hold any and all land so purchased subject to this Declaration. Notwithstanding any other provision of this Declaration, neither the Owners nor the Association shall have any right to make any amendment to this Declaration which materially impairs the rights of any Mortgagee holding, insuring, or guaranteeing any mortgage on all or any portion of the Real Estate at the time of such amendment. Section 6. Effwt of Invalidation. If any provision of this Declaration is held to be invalid by any court or by operation of law, the invalidity of such provision shall not affect the validity of the raining provisions hereof. Section 7. Section Headings. Section headings used herein are used for convenience only and are not intended to be a part of this Declaration or in any way to define, limit, or describe the scope and intent of the particular sections to which they refer. Section 8. Notices. All notices in connection with this Declaration shallne in writins and shall be deemed deliv- - - - . - - - - - . erd (a) upon personal delivery to the individual person, if any, designated in writing by the Owner, as listed in the roster of owner's names and addresses maintained by the Association; or (b) seventy-two (72) hours after the deposit thereof in any United States main or branch post office, first class postage prepaid, properly addresaed to the addressee thereof at the address listed in the said roster. Section 9. Deed Clause to Zmulement Declaration. Eech owner covenants and agrees that it will not execute or deliver any deed or conveyance of a fee title interest in any Lot, or any poctioa thereof, nnlns such deed or conveyance contains a clause substantially as follousx 'bg amptam and recording of this conveyancr, the Granteo herein covenants and agrees to be bound by the Declaration of C6venants of Bridlebourne Subdivision pertaining to the real estate hereby granted, which is recorded as Instrument ISo. , in the Office of the Recorder of firnilton County. Indiana*, and properly identifying the instrument number therein. Bowever, the failure to include such clause shall not have any effect on this Declaration or the enforceability thereof against any Owner of any interest in any portion of the Real Estate. Section 10. Provisiqn ainst Her er. The Declarant hereby intenas that the Estat? shall begsubject to this Declara- tion, that the covenants contained herein shall not be nerged into the title of the Declarant, regardless of whether the Declarant is the fee title owner of all or any part of the Real Estate at the time this Declaration is executed or recorded. Section 11. Reservations of Declarant. Declarant hereby reserves the riTshtto make nucb amendments to this Declaration as may be deemed riecesaary or appropriate by Declarant without the approval of any other permon or entity, in order to correct typographical or scrivener's erros, or to bring the Declaration or Bridleburne Subdivision into cmliance with the reau1raer.t of any public agency having jurisdic~ion thereof or of aGy agency guarantying. insuring, or approving mortgages, so long as Declarant owns any Lots within Bridlebourne Subdivisionr provided that Declarant shall not be entitled to make any amendment which has a materially adverse effect on the rights of any Mortgagee, nor which substantially impairs the benefits of this Declaration to an Owner or submtantially increases the obligations imposed by thrs Declaration on any Owner. Section 12. Availabilitv of Documents. The Asrociation shall keep and make available ior inspection during normal business hours copies of this Declaration, the Articles of Incorporation and By-Laws of the Aesociation, and current financial statwentm of the Association. for the benefit of all - -. - persons who nay have an interert therein. Section 13. Severabilit . Every one of the covenante and restrictions herel- is hereby declared to be indepen- dent of, and severable from, the rest of the covenants and . - . - - . . -. - - - -. - restrictions, each and ever one thereof and from every combina- tion thereof. Therefore, rf any of the covenants and restric- tions herein contained shall be held to be invalid or to be unenforceable, or shall lack the quality of running with the land, that holding,,shail be without effect upon the validity and enforceability or runningn quality of any other of the covenants acd restrictions herein contained. i m~ W~~ESS mma~~, ~achraat 4 this muration of Co~~llts~ ~ts and Re5 for Subdioision this A- day of , 1987. @ Bridlebourne oaveloplsnt C#praY i By: JcH Dovelopunt Company, Inc. its general partnet ayt M 7-s-rk F. .S+h,, P--x:&d mm wB. a SJotarv Public ia and for said Cauntv ad State. - -~--~ - - ~ --- -~ ty ~resi&nt o€rii . -A, the President of dnmrrl martners of whereupon each acknowladgd that he execirtd th; forsgoinO Declaration of Covenants. Easements and Restrictions for Bridlebourne Subdivision on behalf of said corporation, and being duly sworn. eacb stated that he was duly authorized. by proper resolution of tb. Board of Directors of said corporation, to execute thir i~truarnt on behalf of said corporations. and on behalf of said partnership and that a11 corporate and partnership actions necessary for the execution of this instrument has ken taken and done. HI'IWFiSS my hand and notarial seal this , day of 1 . x! I (t r 1987. I Uy County of Reafdencer This instrument waa prepared by 8ruce A. Cordingley, ICE MILLER WNADIO L RYAU, One American Square, Box 82001, Indianapolis, Indiana 46282. BRIDLEBOURWE SECTION ONE Part of the North Half of the Southuebt Quarter and.part of the Northveat Quirter of Section 5, Tovnrhip 17 North, Range 3 Eaet in Hamilton co;nty, Indiana, beins more particularly daacribed aa follovrr , . . Beeinning at the Southvert corner of the raid Horth Balf of the Southveat Quarter Section; chence,North 00 degreer 00 minuter 00 aacondm East alont the We'at line of amid North Half of the Souchveat Quarter Section 808.76 Feet; thence North 90 dcgrear 00 minuter 00 saconda Cart 1019.55 feet1 thence North 52 dcgreem Oi-minvcr 36-.reconds East 1172.69 feeti thence North 90 decree. 00 minutes 00 raconda Eaat 131.71 feet; theace South 01 deg.rae -1.2 minutar 51 .a+conda Eaat 1485.98 feet to the South line of said North Half of the Southwest Quarter Section; thence South 88 degrees 47 aLautes 09 secoadm Yeat alonl the said South kina 2107.65 faat to the Beginning Point, coataining 47.865 acre#, more or less. EXHIBIT A LEGAL DESCRIPTION The North Halt of the Soutbveat Quarter and a part of tbe north- veat Quarter of Sectioa 5. Tovoabip I7 North. Range 3 taot. Bauilton County, Indtsna, and being more particularly described a# follover 8egianing at the Soothwaat coraer of said half-quarter 6ection; thence north 0 degrees 00 minute8 00 sacoads East (assumed bearins) along the West line of asid half-quartat section 1331.80 fret to the Aorthveet coraar tbersof, also being the Southwest corner of said nortbw~rt quarter aeetion; thence North 0 degree. 01 minutes 15 seconds East alons the Veat line of amid quar- ter rectfon 1319.92 feet to a point being South 0 deprees 01 ninutea I5 aecoads Weat 1319.92 feet from the Northweat corner of said quarter aectioo; thence North 89 dagreea 05 minutes 09 seconds Iaat 2712.28 fret to a point on tha Eaat line of aald quarter aection being South 0 degree. 08 minute* 32 seconda West 1295.52 feet from the Northerat corner of #aid quarter 6eetion; thence South 0 degree8 08 mlnutea 32 secoada Wemt along said Bast line 1295.52 feet to the Sootheaat corner of srld quarter section. also being the Northeast corner of the North Half of raid Southveat quarter saction; thaaco South 0 degrces 01 minute6 15 second. East along the Eaat line of said half- quarter seetion 1362.05 feet to the Southeast corner thereof; thence Soath 88 degrees 47 minuter 09 beCoDd# West along the South line of arid half- quartsr section 2710.30 feet to the point of be8ianing. EXRIBIT B BRZDmBOm HOmOWNERS ASSOCIATION, MC. DELMQUENCY POLICY RESOLUTION WHEREAS, Bridleborne Homeoms Association, lac. ("Association") is responsible for the maintenance, impmvement, repair, and openition of the residential community in Hamilton County, Indiana, known as Bridlebourne, including, but not limited to, the paymtmt of insurance thereon, the cost of labcr, equipment and material furnished with respect to the connnon areas; and by purchasing a home within the community, each ovvner covenanted and agreed to pay assessments to the Association for their pro ram share of the Association's common expenses; and WHEREAS, there is a need to establish orderly procedures now for the collection of assessments which remain unpaid past their due date since delinquent assessments pose a serious financial and adminiswive burden on the Association. NOW, THEREFORE, BE 11' RESOLVED that the duly elected Directors of the Association have adopted the following procedures, rules and reylations for the collection of assessments: 1. Assessments are due and payable in advance for e,acJr tiscai year quarterly, with the due dale being the 1st day of January, April, July and October. Collections shall be handl~rl by the Association's properly management company. Residents are warned of an interest charge (that may be applied if payment is not received within 30 days past due date) on the invoice. 2, To be deemed timely. payments mu% be received (not just postmarked) by the due date at the office or P.O. Box of the Association's properly tnanagement company. 3. Any payment or installment not rwived within 30 days after the applicable due date is subject to a 18% interest me effective the original due date being added to ttie delinquent owner's account for which the owner is responsible, which shall he deemed a part of the indebtedness to the Associaiion. (a) Lf any Assessment is not paid on the date when due, then such Assessment shall be deemed delinquent and shall, together with any interest thereon and any cost of colhction thereof, including attorneys' fees, become a continuing lien on the Lot against which such Assessment was made, and snch lien shall be binding upon and enforceable as a personal liability of the Owner of such Lot as of the date of levy of such Assessment, and shall be caforceable against the interest of such her and dl future successors and assignees of such Owner in such Lot; provided, however, that such lien shall be subordinate (o any first mortgage on snch Lot recorded prior to the date on which such Assnssment becomes due. 4. A "Pa%t Due Notice" shall be mailed to ownem with a delinquent balance at the next quarter's invoice, which may include the finance charge. 5. A "Final Notice" shall be mailed by first class mail at the discretion of The Board. This Pind Notice shall advise the owner tbat unless payment in full is received withm 10 days of such notice, the matter may be referred to the As%ociation's attorney at which time the owner will be responsible for all aaornnys fees, expenses, and court costs. All of the Association's collection costs and expenses incurred, including a collection wt/adminishation fee to its property management company, will he added to the account and shall be deemed to he a part of the indebtedness owed to the Association. The properly manager's collection cost is to pay for the manager's additional time and expenses related to handling the delinquent account and dealing with the Associatiods attorney. 6. If an omr is still delinquent 10 days after the date of the Final Kotiee, the matter may be turned over to the Association's attorney with instructions to pursue the collection thereof m the manner recommended by the Association's attorney. Thereafter, all connnunicaticms by the delinquent owner must be directed tu the attorney. 7. Any payments received at any time for less than the full amount then due shall not be accepted as frill payment. 8. Pa-mmts received will be applied in the foilowing order: (I) attorneys fees, court costs and expenses incurred by the Association. (2) collection costs of the Association's properly manugement company, (3) late charges. (4) charges hcmed by the Association for "bounced or "stopped payment" checks, then (5) outstandrng assessments. &A ~oard Members 1045) $edgemoor Circle Carmel, IN 46032 Herb Biel 3604 Hiatocks Circle Camel, IN 46032 Brent Claymon 3441 Sedgemoor Circle Carmel, IN 46032 Jeffrey Hastings 1 11 53 Sedgemoor Circle Carmel, IN 46032 Bill Johnson 3463 Sedgemoor Circle Carmel, IN 46032 Thomas Meltzer 1 1 127 Sedgemoor Circle Carmel, IN 46032 Laura Stitle 10959 Sedgemoor Circle Camel, IN 46032 August ,2011 August ,201 1 August ,201 1 August ,2011 August ,201 1 August ,201 1 August ,2011 August ,201 1 7. Bny payments received at any the for less thaa the full mmunl then due shall not be accepted as fill payment. 8, Payments received will be applied in the following order: (1) attorneys fees, court costs and expenses hcmed by the Association, {2) collection costs crf the Association's property management company, (35 late charges, (4) charges incmed by the Association far "bounced" as "stopped payment'' checks, then (5) outstanding assessments. Signed, Bridlebourne HOA Board Members Jeff &darns 18994 Sedgmoor Circle Brent Claymon 3141 Sedgemaor Circle Carmei, IN 46033 - JeBey Hasting~ 11 153 Sedgemaisr Circle Camel, XN 46032 ...-- ~.. Bit1 Johnson 3463 Sedgemoor Circle Camel, IN 46032 Thomas Meltzer 1 X 127 Sedgemoor Circle Csmel, TN 46tf32 tam Stitle 10959 Sedgemoor Circle Cmd, IN 46032 Date: Date: +/I 1 Date: Date: Date: Signed, Bridlebourne H8A Board Mmbers ----- --. -- Herb Biel .-*.- Camel, RJ 456332 Jeffrey Hastings 11 153 Sedgemoor Cirefe Camel, TN 46032 Bill Johnson 3463 Swigmoor Cireb Cannel, EFI 4603% Date: Dare: Date: Date: nm Dzaw: "- Laaura Stifle 10959 Sedposr Circle Camel, IH 46032 Signed. Bridlebourne HOA Board Men~bm .- - - - Jeff Adams 10994 Sedtlornoor Circle --- - H& Biel 3604 Hintocks Cucle Camel. R-4 46032 - .- Braif Claymon 344 1 Scdge~nour Circle Camel. M 46032 - JC 11 153 S&emoor Circle - .- Bill Johnson 3463 Sedse~nuw Circle Cmel, lN 46032 Dnte: Date: - - . - ll~omas Melmr I 1 127 ~emr Circle Carmel. IN 4603 Dare: - - - Laura Slide 18959 Sedgemoor Circle Camel, IN 46032 ----- Dale ST. Louis 1W95 Sedgemilor Circle Camel, IN 46032 Date: f igned, -- u Jeff Adams 10494 Sedgcrnoor Ctr~le Cmnel, IN 46032 . . . . -...- Herb Bid 3604 I4k.itocks Circle f*>(::x<; - -- ---- Brent CIIE~~~ L L 3441 Sedgemoor Clrcle CrtmeI, IN 46032 Camel, IN 4Suj~ ~ ..... Thomas Lfeitzer F t 1 X i 27 Sedgemoor Cixie . . \. Camel, IN 46032 Date: Date: Dste: Date: 4 [l [lf~ Date: Date: Sep 20 11 06123~ Thomas J Meltzer Brdlebourne H0.4 Board hlzmbers Jeff Adanis 10994 Sedgeinoor Circle Cxrnel, IN 46032 Herb Biel 5604 Hintocks Circle Carmel, IN 4 6032 Brent Claymon 3441 Sedgemoor Circle Camel, M 46032 Jeffrey Hastings 11 1 53 Sedgemaor Circle Carmel. 1'J 46032 Bill Jd~nson 3463 Sedganoar CircIe Carmel, 1 45032 1% Date: Date: Date: Dare: 11 LW Sedgemoor Circle Carmel, [N 46032 Date: Laura Srtle 10959 Sedgemaor Circle Carrnel, IN 4 603 3 / Date: It?-@ Adams IN94 Sadgemoar Circle Cnrmel, 124 46032 .*- Herb Bid -..+- .... Jefky Haslin$$ X I J 53 Sedga~noor Circle C~TPRTI, fi' 46032 Bill Joivlson 3463 Sedgmaoi Circlc Camel, M 46032 f 0959 Sedgemaor Circle Camel, IN 46032 FRX NO. : 3 177333234 Dm: Date: Date: BBBridlebourne HHomeownnerrs Association rriiddlleebboouurrnnee Hoommeeoowwneerss AAssssoocciiaattiioonn BRIDLEBOURNE ARCHITECTURAL REVIEW BOARD FINAL DESIGN REVIEW APPLICATION Note: The BARB will not review any submittals that are incomplete. Please check that all items are included. SUBMITTAL FORM Date: BARB File Number:_____ Street Address: Lot Number: ; Please indicate who should receive comments from the Bridlebourne Architectural Review Board Owner: … Address: Phone: Fax: Builder: … Address: Phone: Fax: Designer: … Address: Phone: Fax: Landscape Designer: … ____________________ Landscaper: … _____________________ Address: Phone: Fax: Sales Agent: … Person Submitting Application: … Owner … Builder … Architect/Designer … Other ___________________ 1 of 3 SUBMITTAL REQUIREMENTS Please check the following items that are included with this application for design review. All drawings should be legibly drawn to the scale indicated and properly noted. Proposed Site Plan (Minimum Scale: 1'=30') Proposed Floor Plans (Minimum Scale: 1/4"=1'-0") Proposed Elevations (Minimum Scale: 1/4"=1'-0") Building Sections (Minimum Scale: 1/4"=1'-0") Typical Wall Sections (Minimum Scale: 3/4"=1'-0") Typical Porch Sections (Minimum Scale: 3/4"=1'-0") Exterior Details: (Minimum Scale 1 1/2"=1'-0") Fences and Garden Walls - Elevations and Details (Minimum Scale 3/4"=1'0") Conceptual Landscape Plan (Minimum Scale 1/8"=1'0") Products and Materials List (see below) PRODUCT AND MATERIAL SAMPLES Identify all materials and colors for the elements listed below. If any of the material or colors differ from what is shown on the approved exterior materials and colors list, samples must be provided. Exterior Element Color/Finish Manufacturer/Description Balcony/Porch/Loggia Ceilings Balcony/Porch/Loggia Floorings Brick Chimney/Foundation Door-Entry Door-Other Gutters Lighting Roofing Shutters Siding Stucco Trim – Exterior Windows Rev. 3 / 07 2 of 3 3 of 3 BB B ridlebourne HHomeownnerrs Association rriiddlleebboouurrnnee Hoommeeoowwneerss AAssssoocciiaattiioonn BRIDLEBOURNE ARCHITECTURAL REVIEW BOARD FINAL DESIGN REVIEW APPLICATION RESPONSE FORM Date: BARB File Number: Street Address: Lot Number: A. Required Changes: B. Suggested Refinements: C. General Comments: 1. Contractor must install silt fence as per local ordinance prior to construction. 2. Contractor is responsible for providing inlet protection for all storm sewer drains on or near the property during construction. 3. Contractor must provide trash containment on site at all times. 4. Contractor is responsible for cleaning construction debris and mud from streets on a daily basis. 5. Contractor is responsible for maintaining a construction entrance onto the property at all times. 6. All exterior finishes and colors to be submitted with samples prior to installation. Action Taken: … Approved … Approved with conditions … Revise and resubmit BARB signature: _________________________________ (Date:) BARB signature: _________________________________ (Date:) BARB signature: __________________________________ (Date:) Owner/Owner Representative signature: __________________________ Date: __________________ Return to: Bridlebourne Homeowners Association Architectural Review Board c/o Brent S. Claymon 3441 Sedgemoor Circle Carmel, IN 46032 Phone (317) 727-1818 Email: brent@claymongroup.com