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HomeMy WebLinkAboutCovenants and Restrictions RECORDEDDECLARATION OF COVENANTS AND RESTRICTIONS VILLAGE OF TOWNE POINTE CARMEL, INDIANA 200400062770 Filed HAMILTON COUNTY, in JENNIFER J HAYDEN 09 -08 -2004 At 02 :04 pm. DEC COV RES 84.00 Recorded 2004 Instrument No. 20o y O0O 1O?L/ Office of the Recorder of Hamilton County DECLARATION OF COVENANTS AND RESTRICTIONS FOR VILLAGE OF TOWNE POINTE This Declaration, made as the ON day of 2004, by LandLink Development, LLC an Indiana limited liability company "Declarant WITNES SETH: WHEREAS, the following facts are true: A. Declarant is the owner of the real estate located in Hamilton County, Indiana, described in Exhibit A and depicted on Exhibit B, upon which Declarant intends, but is not obligated, to develop a residential community to be known as Village of Towne Pointe. B. Declarant intends, but is not obligated, to develop within the Village of Towne Pointe a residential subdivision to be known as Towne Pointe. C. Declarant intends, but is not obligated, to construct certain improvements and amenities in Towne Pointe which shall constitute Community Area. D. Declarant desires to provide for the preservation and enhancement of the property values, amenities and opportunities in Towne Pointe and for the maintenance of the Tract and the improvements thereon, and to this end desires to subject the Tract together with such additions as may hereafter be made thereto (as provided in Paragraph 3) to the covenants, restrictions, easement, charges and liens hereinafter set forth, each of which is for the benefit of the Lots and lands in the Tract and the future owners thereof. E. Declarant deems it desirable, for the efficient preservation of the values and amenities in Towne Pointe, to create an agency to which may be delegated and assigned the owners of owning, maintaining and administering the Community Area, administering and enforcing the Restrictions, collecting and disbursing the Assessments and charges hereinafter created, and promoting the recreation, health, safety and welfare of the Owners of Lots in Towne Pointe. F. Declarant has incorporated under the laws of the State of Indiana a not for- profit corporation known as Towne Pointe Homeowners Association, Inc. for the purpose of exercising such functions. NOW, THEREFORE, Declarant hereby declares that all of the Lots and lands in the Tract and such additions thereto as may here after be made pursuant to Paragraph 3 hereof, as they are held and shall be held, conveyed, hypothecated or encumbered, leased, rented, used, occupied and improved, are subject to the following Restrictions, all of which are declared to the in furtherance of a plan for the improvement and sale of Lots in 3 the Tract, and are established and agreed upon for the purposes of enhancing and protecting the value, desirability and attractiveness of the Tract as a whole and of each of Residences, Lots and lands situated therein. The Restrictions shall run with the land and shall be binding upon Declarant, its successors and assigns, and upon the parties having or acquiring any interest in the Tract or any part or parts thereof subject to such Restrictions, and shall inure to the benefit of Declarant and its successors in title to the Tract or any part or parts thereof. 1. Definitions. The following terms, as used in this Declaration, unless the context clearly requires otherwise, shall mean the following: "Annlicable Date" means the earlier of (i) the date when all Lots in the Development Area have been improved by the construction thereon of Residences or (ii) December 31, 2014. "Architectural Control Assessment" means the assessment levied by the Corporation pursuant to Paragraph 13(e). "Architectural Review Board" means that entity established pursuant to Paragraph 14 of this Declaration for the purposes therein stated. "Articles" means the Articles of Incorporation of the Corporation, as amended from time to time. "Assessments" means all sums lawfully assessed against the Members of the Corporation or as declared by this Declaration, any Supplemental Declaration, the Articles or the By -Laws. "Village of Towne Pointe" means that part of Towne Ponte so designated on the General Plan of Development, Secondary Plat as filed with the Hamilton County Recorder. "Berm" means the dirt mound along Towne Road and 131st Street as depicted on a Plat, if any. "Board of Directors" means the governing body of the corporation elected by the Members in accordance with the By -Laws. "B La ws" means the Code of By -Laws of the Corporation, as amended from time to time. "Community Area" means (i) the Dry Retention Basin, (ii) the Entry Ways,(iii) the Berm, (iv) the Commons, (v) the Drainage System, (vi) the Paths, (vii) any utility service lines or facilities not maintained by a public utility company or governmental agency that are located on, over or below or through more than one Section, and (viii) any areas of land (1) shown on any Plat, (2) 4 described in any recorded instrument prepared by Declarant or its agents, or (3) conveyed to or acquired by the Corporation, together with all improvements thereto, that are intended to be devoted to the use or enjoyment of some, but not necessarily all, of the Owners of Lots. "Community Area Access Easement" means the area designated on the Secondary Plat as a means of access to a Community Area. "Community Area Initial Assessment" means the initial assessment for the Reserve for Replacements required by Paragraph 13(c). "Commons" means land denoted on the Secondary Plat as "Commons" or land designated as "Commons" in any recorded instrument executed by Declarant. "Corporation" means Towne Pointe Homeowners Association, Inc., an Indiana nonprofit corporation, its successors and assigns. "Declarant" means LandLink Development, LLC, its successors and assigns to its interest in the Tract other than Owners purchasing Lots or Residences by deed from Declarant (unless the conveyance indicated an intent that the grantee assume the rights and obligations ofDeclarant). "Development Area" means the land described in Exhibit A, the Secondary Plat together with any additional land added to the Tract pursuant to Paragraph 3 of this Declaration. "Drainage Board" means the Hamilton County, Indiana Drainage Board, its successors or assigns. "Drainage System" means the open drainage ditches and swales, the subsurface drainage tiles, pipes and structures, the dry and wet retention and/or detention ponds, and the other structures, fixtures, properties, equipment and facilities including the dry retention basin located in the tract and designed for the purpose of controlling, retaining or expediting the drainage of surface and subsurface waters from, over and across the Tract, including but not limited to those shown or referred to on the Secondary Plat, all or part of which may be established as legal drains subject to the jurisdiction of the Drainage Board "Entry Ways" means the structures constructed as an entrance to TOWNE Pointe or a party thereof (exclusive of the street pavement, curbs and drainage structures of the street pavement, curbs and drainage structure and tiles), the traffic islands depicted as a designated Block on a Plat and any other traffic islands dividing a roadway providing access to Towne Pointe or a part thereof, and the grassy area surrounding such structures. "General Plan of Development" means that plan prepared by Declarant and approved, if necessary, by appropriate public agencies that outlines the total scheme of development and general uses of land in the Development Area, as such may be amended from time to time. "Landscape Easement" means a portion of a Lot denoted on a Plat as an area to be landscaped and maintained by the Corporation. "Lot" means a platted lot as shown on the Secondary Plat. "Lot Development Plan" means (i) a site plan prepared by a licensed engineer or architect, (ii) foundation plan and proposed finished floor elevations, (iii) building plans, including elevation and floor plans, (iv) material plans and specifications, (v) landscaping plan, and (vi) all other data or information that the Architectural Review Board may request with respect tot he improvement or alteration of a Lot (including but not limited to the landscaping thereof) or the construction or alteration of a Residence or other structure or improvement thereon. "Maintenance Costs" means all of the costs necessary to keep the facilities to which the term applies operational and in good condition, including but not limited to the cost of all upkeep, maintenance, repair, replacement of all or any part of any such facility, payment of all insurance with respect hereto, all taxes imposed on the facility and on the underlying land, leasehold, easement or right -of -way, and any other expenses related tot he continuous maintenance, operation or improvement of the facility. "Member" means a member of the Corporation and "Members" means all members of the Corporation. "Mortgagee" means the holder of a first mortgage on a Residence. "Owner" means a Person, including Declarant, who at the time has or is acquiring any interest in a Lot except a Person who has or is acquiring such an interest merely as security for the performance of an obligation. "Part of the Development Area" means any part of the Development Area not included in the Tract such as Richey's Roost, Block B and the Hudson Property, Block A.. "Parcel" means the Village of Towne Pointe and any other platted subdivision within the Development Area that is subject to the same Supplemental Declaration or is declared by Declarant to constitute a "Parcel" 6 "Paths" means those walkways installed pursuant to Paragraph 9 and such other real estate or interest therein as is conveyed or granted tot he Corporation for the purpose of being used for walkways. "Path Lights" means the light standards, conduits, wiring, bulbs and other appurtenances installed to illuminate the Paths. "Person" means an individual, firm, corporation, Limited Liability Company, association, trust or other legal entity, or any combination thereof "Secondary Plat" means a final secondary plat of a portion of the Development Area recorded in the Office of the Recorder of Hamilton County, Indiana. "Reserve for Replacements" means a fund established and maintained by the corporation to meet the cost of periodic maintenance, repairs, renewal and replacement of the Community Area. "Residence" means a structure intended exclusively for occupancy by a single family together with all appurtenances thereto, including private garage and outbuildings and recreational facilities usual and incidental to the use of a single family residential lot. "Restrictions" means the covenants, conditions, easement, charges, liens, restrictions, rules and regulations and all other provisions set forth in this Declaration, all applicable Supplemental Declarations and the Register of Regulations, as the same may from time to time be amended. "Register of Regulations" means the document containing rules, regulations, policies, and procedures adopted by the Board of Directors or the Architectural Review Board, as the same may from time to time be amended. "Section" means that portion of the development Area that is depicted on a Plat. "Supplemental Declaration" means the Supplemental Declarations of Covenants and Restrictions for Village of Towne Pointe and any Plat or other supplementary declaration of covenants, conditions or restrictions which may be recorded and which extends the provisions of this Declaration or any previously recorded Supplemental Declaration to a Section and contains such complementary or supplementary provisions for such Section as are required or permitted by this Declaration. "Tract" means the land described in Exhibit C Registered Survey of the real estate and such other real estate as may from time to time be annexed thereto under the provisions of Paragraph 3 hereof 7 "Zoning Authority" with respect to any action means the director of the Department of Community Development of the City of Carmel or, where he lacks the capacity to take action, or fails to take such action, the governmental body or bodies, administrative or judicial, in which authority is vested under applicable law to hear appeals from, or review the action, or the failure to act, of the Director. 2. Declaration. Declarant hereby expressly declares that the Tract and any additions thereto pursuant to Paragraph 3 hereof shall be held, transferred, and occupied subject to the Restrictions. The Owner of any Lot subject to these Restrictions, by (i) acceptance of a deed conveying title thereto, or the execution of a contract for the purchase thereof, whether from Declarant or a subsequent Owner of such Lot, or (ii) by the act of occupancy of any Lot, shall accept such deed and execute such contract subject to each Restriction and agreement herein contained. By acceptance of such deed or execution of such contract, each Owner acknowledges the rights and powers of Declarant and of the Corporation with respect to these Restrictions, and also for itself, its heirs, personal representatives, successors and assigns, covenants, agrees and consents to and with Declarant, the corporation, and the Owners and subsequent Owners of each of the lots affected by these Restrictions to keep, observe, comply with and perform such Restrictions and agreement. 3 Additions to the Tract. Declarant shall have the right to bring within the scheme of this declaration and add to the Tract real estate that is a Part of the Development Area or that is contiguous to the Development Area. In determining contiguity, public rights of way shall not be considered. The additions authorized under this Paragraph 3 shall be made by the filing of record of one or more Supplemental Declarations with respect to the additional real estate and by filing with the Corporation any revisions to the General Plan of Development necessary to reflect the scheme of development of the additional real estate Unless otherwise stated therein, such revisions to the General Plan of development shall not bind Declarant to make the proposed additions. For purposes of this Paragraph 3, a Plat depicting a portion of the Development Area shall be deemed a Supplement Declaration. 4. (INTENTIONA i EFT BLA 5 The Co_ Declarant shall convey title to the Commons to the Corporation. The Corporation shall be responsible for maintaining the Commons and the Maintenance Costs thereof shall be assessed as a General assessment against all Lots subject to assessment. Except for underground utility facilities, no permanent improvements shall be made to or installed on the Commons other than the lighting, seating, walkways, plantings structures and fountains or other recreational features. The use of the Commons shall be subject to rules and regulations adopted by the Board of Directors which is not 8 inconsistent with the provisions of this Declaration or any Supplemental Declaration. 6. [INTENTIONALLY LEFT BLANK[ 7. [INTENTIONALLY LEFT BLANK( 8. Drainage System. The Drainage System has or will be constructed for the purpose of controlling draining within and adjacent to the Development Area and maintaining the water level in the subdivision. The Corporation shall maintain the Draining System to the extent not maintained by the Drainage Board and the maintenance Costs thereof shall be assessed against all Lots subject to assessment serviced by that part of the Drainage System with respect to which Maintenance Costs are incurred. Each Owner shall be individually liable for the cost of maintenance of any drainage system located entirely upon his Lot which is devoted exclusively to drainage of his Lot and is not maintained by the Drainage Board. 9. Paths and Path Li hts. Declarant may, but is not obligated to; install the Paths and Path Lights at the approximate locations depicted on the General Plan of Development and may reserve easements for such purpose over and across Lots If installed, the Corporation shall operate and maintain the Paths and Path Lights and the Maintenance Costs thereof shall be assessed as a General Assessment against all Lots subject to assessment. The Board of Directors may adopt such rules and regulations with respect to the use thereof as it may deem appropriate including but not limited to the prohibition of the use of the Paths by bicycles, skateboards and motorized or non motorized vehicles. 10. [INTENTIONALLY LEFT BLANK] 11. Maintenance of Ent Wa s and Landsca a Easement. The Corporation shall maintain the Entry Ways and the Landscape Easements and all improvements and plantings thereon, and the Maintenance Costs thereof shall be assessed as a General Assessment against all Lots subject to assessment. Grass, trees, shrubs and other plantings located on an Entry Way or a Landscape Easement shall be kept neatly c,ut, cultivated or trimmed as reasonably required to maintain an attractive entrance to TOWNE Pointe or a part hereof or a planting area within TOWNE Pointe. All entrance signs, walls and features located on an Entry Way shall be maintained at all times in good and sightly condition appropriate to a first -class residential subdivision. 12. Towne Pointe Homeowners Association Inc. (a) Member shin. Each Owner shall automatically be a Member and s all enjoy the privileges and be bound by the obligations contained in the Articles and By -Laws. If a person would realize upon his security and become an Owner, he shall be subject to all the requirements 9 and limitations imposed by this Declaration on other Owners, including those previsions with respect to the payment of Assessments. (b) Powers. The Corporation shall have such powers as are set forth in this Declaration and in the Articles, together with all other powers that belong to it by law. (c) Classes of Members. The Corporation shall have a single class of members. (d) Voting and Other Rights of Members. The Board of Directors shall establish and maintain the Reserve for Replacements by the allocation and payment to such reserve fund of an amount determined annually by the Board to be sufficient to meet the cost of periodic maintenance, repair, renewal and replacement of the Community Area. In determined the amount, the Board shall take into consideration the expected useful life of the Community Area, projected increases in the cost of materials and labor, interest to be earned by such fund and the advice of Declarant or such consultants as the board may employ. The Reserve for Replacements shall be deposited in a special account with a landing institution the accounts of which are insured by an agency of the United States of America or may, in the discretion of the Board, be invested in obligations of, or fully guaranteed as to principal by, the United States of America. (f) Limitations on Action by the Corporation. Unless at least two- thirds of the Mortgagees (based on one vote for each first mortgage owned) or two- thirds (2/3) of the Members -have given their prior written approval, the Corporation, the Board of Directors and the Owners may not: (i) except as authorized by Paragraph 15(a), by act or omission seek to abandon, partition, subdivide, encumber, sell or transfer the Community Area (but the granting of easements for public utilities or other public purposes consistent with the intended use of the Community Area shall not be deemed a transfer for the purposes of this clause; (ii) fail to maintain fire and extended coverage on insurable Community Area on a current replacement cost basis in an amount at least one hundred percent (100 of the insurable value (based on current replacement cost); (iii) use hazard insurance proceeds for losses to any community Area for other than the repair, replacement or reconstruction of the Community Area; (iv) change the method of determining the obligations, assessments, dues or other charges that may be levied against the Owner of a Residence; (v) by act or omission change, waive or abandon any scheme of regulations or their enforcement pertaining to the architectural design or the exterior appearance of Residences, or the maintenance and up -keep of the Community Area; or (vi) fail to maintain the Reserve for Replacements in the amount required by this Declaration or any Supplemental Declaration 10 (g) Mergers. Upon a merger or consolidation of another corporation with the Corporation, its properties, rights and obligations may, as provided in its articles of incorporation, by operation of law be transferred to another surviving or consolidated corporation or, alternatively, the properties, rights and obligations of another corporation may be operation of law be added to the properties, rights and obligations of the Corporation as a surviving corporation pursuant to a merger. The surviving or consolidated corporation may administer the covenants and restrictions established by this Declaration with the Tract together with the covenants and restrictions established upon any other properties as one scheme. No other merger or consolidation, however, shall affect any revocation, change or addition to the covenants established by the Declaration within the Tract except as hereinafter provided. 13. Assessments. (a) Creation of the Lien and Personal Obli ation of Assessments. Declarant hereby covenants, and each Owner of any Lot by acceptance of a deed thereto, whether or not it shall be so expressed in such deed, is deemed to covenant and agree to pay to the Corporation the following: (1) General Assessments, (2) the Community Area Initial Assessment, (3) annual and special Parcel Assessments, (4) Architectural Control Assessments (to the extent levied) and (5) Special Assessments, such Assessments to be established and collected as hereinafter provided. All Assessments, together with interest thereon and costs of collection thereof, shall be a charge on the land and shall be a continuing lien upon the Lot against which each Assessment is made until paid in full. Each Assessment, together with interest thereon and costs of collection thereof, shall also be the personal obligation of the Person who was the Owner of the Lot at the time when the Assessment became due. (b) General Assessment. (i) Purpose of Assessment. The General Assessment levied by the Corporation shall be used exclusively to promote the recreation, health, safety, and welfare of the Owners of Lots and for the improvement, maintenance, repair, replacement and operation of the Community Area (ii) Basis for Assessment 11 (1) Lots Generally. Each Lot owned by a Person other than Declarant shall be assessed at a uniform rate without regard to whether a Residence has been constructed upon the Lot. (2) Lots Owned by Declarant. No Lot owned by Declarant shall be assessed by the Corporation except such Lots as have been improved by the construction thereon of Residences which shall be subject to assessment as provided in Clause (1) above. Declarant to be charged only when a valid Cof 0 has been issued by the City of Carmel. (3) Change in Basis. The basis for assessment may be changed upon recommendation of the Board of Directors if such change is approved by (I) two- thirds (2/3) of the members or two- thirds (2/3) of the Mortgagees (based on one vote for each first mortgage owned) who are voting in person or by proxy at a meeting of such members duly called for this purpose. (iii) Method of Assessment. By a vote of a majority of the Directors, the Board of Directors shall, on the basis specified in subparagraph (ii), fix the General Assessment for each assessment year of the corporation at an amount sufficient to meet the obligations imposed by the Declaration and all Supplemental Declarations upon the Corporation. The Board of Directors shall establish the date(s) the General Assessment shall become due, and the manner in which it shall be paid. (iv) Allocation of Assessment. Certain of the costs of maintaining, operating, restoring or replacing the Community Area have been allocated in this Declaration among Owners of Lots on the basis of the location of the lands and improvement 12 constituting the Community Area and the intended use thereof. In determining the General Assessment, the costs and expenses which in accordance with the provisions of the Declaration are to be borne by all Owners shall first be alloclted to all Owners. Costs and expenses which in accordance with the provisions of this Declaration are to be borne by the Owners of certain Lots shall then be allocated to the Owners of such Lots. The provisions of subparagraph (ii) for uniform assessment shall not be deemed to require that all assessments against vacant Lots or Lots improved with comparable types of Residences be equal, but only that each Lot be assessed uniformly with respect to comparable Lots subject to assessment for similar costs and expenses. (c) Community Area Initial Assessment. On the earlier of (i) the date of a Lot is conveyed by Declarant to an Owner (other than the holder of a first mortgage on such Lot in a conveyance which constitutes a deed in lieu of foreclosure (ii) the date a Residence constructed on the Lot has been certified for occupancy by the Zoning Authority or (iii) the date a Residence on the Lot is first occupied by an Owner upon completion of construction thereof, there shall be due and payable to the corporation by the Owner of such Lot the sum of One Thousand ($1,000.00) which shall be deposited in the Reserve for Replacements maintained by the Corporation. (d) Parcel Assessments. (ii) Purpose of Assessments. Parcel Assessments shall be used for such purposes as are authorized by the Supplemental Declaration for such Parcel. (ii) Method of Assessment. An annual Parcel Assessment shall be levied by the Corporation against Lots in a Parcel using the basis set forth in the Supplemental Declaration for such Parcel, and collected and disbursed by the Corporation. The Board shall fix in accordance with the By -Laws and the provisions of any Supplemental Declaration the annual parcel assessment for each Parcel, the date(s) such 13 Assessment shall become due, and the manner in which it shall be paid. (iii) Special Assessments. In addition to the annual Parcel Assessment, the Corporation may levy in any fiscal year a special Parcel Assessment against one or more of the Lots in a Parcel for the purpose of (A) defraying, in whole or in part, the cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Parcel, including fixtures and personal property related thereto, provide that any such Assessment shall have the assent of a majority of the Owners of Lots in the Parcel who are voting in person or by proxy at a meeting of such Owners duly called for this purpose or (B) defraying any Maintenance Costs incurred in satisfying any requirements imposed on the Corporation by a Supplemental Declaration relating to a Parcel (e) Architectural Control Assessment. If any Owner fails to comply with the requirements of the first two sentences of Paragraph 4(h) of a Supplemental Declaration relating to the Parcel in which such Owner's Lot is located and/or the provisions of Paragraph 14(c) of this Declaration, then the Corporation may levy against the Lot owned by such Owner an Assessment in an amount determined by the Board of Directors which does not exceed the greater of (i) One Hundred Dollars ($100.00) for each day that such failure continues after written notice thereof is given by Declarant or the Corporation to such Owner or (ii) five Thousand Dollars ($5,000.00) Such Assessment shall constitute a lien upon the Lot of Such Owner and may be enforced in the manner provided in subparagraph (h) below. The levy of an Architectural Control Assessment shall be in addition to, and not in lieu of, any other remedies available to Declarant and/or the Corporation provided in this Declaration, at law or in equity in the case of the failure of an Owner to comply with the provisions of this Declaration and all applicable Supplemental Declarations. (I) Special Assessment. In addition to such other Special Assessments as may be authorized herein, the Corporation may levy in any fiscal year a Special Assessment applicable to that year and not more than the next four (4) succeeding fiscal years for the purpose of defraying, in whole or in part, the cost of any construction, repair, or replacement of a capital improvement upon the Community Area, including fixtures and personal property 14 relating thereto, provided that any such Assessment shall have the assent of a majority of the votes of the members whose Lots are subject to assessment with respect to the capital improvement who are voting in person or by proxy at a meeting of such members duly called for this purpose. (g) Date of commencement of Assessments. The General Assessment and parcel Assessments shall commence with respect to assessable Lots within a Parcel on the first day of the month following conveyance of the first Lot in the Parcel to an Owner who is not Declarant. The initial Assessment on any assessable Lot shall be adjusted according to the days remaining in the month in which the Lot became subject to assessment. (h) Effect of Nonpayment of Assessments: Remedies of the Corporation. Any Assessment not paid within thirty (30) days after the due date may upon resolution of the Board of Directors bear interest from the due date at a percentage rate no greater than the current statutory maximum annual interest rate, to be set by the Board of Directors for each assessment year. The Corporation shall be entitled to institute in any court of competent jurisdiction any lawful action to collect a delinquent Assessment plus any expenses or costs, including attorneys' fees, incurred by the Corporation collecting such Assessment. If the Corporation has provided for collection of any Assessment in installments, upon default in the payment of any one or more installments, the Corporation may accelerate payment and declare the entire balance of said Assessment due and payable in full. No Owner may waive or otherwise escape liability for the Assessments provide for herein by non -use of the Community Area or abandonment of his Lot. (i) Subordination of the Lien to Mortgages. The lien of the Assessments provided for herein against a Lot shall be subordinate to the lien of any recorded first mortgage covering such Lot and to any valid tax or special assessment lien on such Lot in favor of any governmental taxing or assessing authority Sale or transfer of any Lot shall not affect the assessment lien. The sale or transfer of any Lot pursuant to mortgage foreclosure or any proceeding in lieu thereof shall, however, extinguish the lien of such Assessments as to payments which became due more than six (6) months prior to such sale or transfer. No sale or transfer shall relieve such Lot from liability for any Assessments thereafter becoming due or from the lien thereof. (j) Certificates. The corporation shall, upon demand by an Owner, at any time, furnish a certificate in writing signed by an officer of the Corporation that the Assessments on a Lot have been paid or that certain Assessments remain unpaid, as the case may be. (k) Annual Budget. By a majority vote of the Directors, the Board of Directors shall adopt an annual budget for the subsequent fiscal year, which shall provide for allocation of expenses in such a manner that the obligations imposed by the Declaration and all Supplemental Declarations will be met. 14. Architectural Control; (a) The Architectural Review Board. An Architectural Review Board consisting of three (3) or more Persons as provided in the By -Laws shall be appointed by the Board of Directors. The Declarant shall be the sole review board for all homes until 2/3 two thirds of the lots are sold, 19 lots. Then the Declarant will appoint a three person review board consisting of lot owners. The board shall receive two sets of the following for signature. 1 House plans 2 Landscape plan, Minimum Plant Package including at least Three (3) Hardwood Trees, 3" caliper shall be place in the front yard of each lot 3 Plot plan, showing grade at curb and lot, utilities and Concrete slabs on grade, decks, patios, etc. 4 Architectural Materials List. No builder shall start on a lot until all items are reviewed, signed and dated by the Architectural Review Board. (b) Purpose. The Architectural Review Board shall regulate the external design, appearance, use, location and maintenance of the Tract of improvements thereon in such manner as to preserve and enhance values and to maintain a harmonious relationship among structures, improvements and the natural vegetation and topography. (c) Conditions. Except as otherwise expressly provided in this Declaration, no improvements, alterations, repairs, change of colors, excavations, changes in grade, planting or other work that in any way alters any Lot f the exterior of the improvements located thereon from its natural or improved state existing on the date such Lot was first conveyed in fee by Declarant to another Owner shall be made or done without the prior approval by the Architectural Review Board of a Lot Development Plan therefore. Prior to the commencement by any Owner other than Declarant of (i) construction, erection or alteration of any Residence, other building, fence, wall, swimming pool, tennis court, patio, or other structure on a Lot or (ii) any plantings on a Lot, a Lot 16 Development Plan with respect thereto shall be submitted to the Architectural Review Board, and no Residence, other building, fence, wall, swimming pool, tennis court, patio or other structure shall be commenced, erected, maintained, improved, altered, made or done, or any plantings made, by any Person other than Declarant without the prior written approval of the Architectural Review Board of a Lot Development Plan relating to such construction, erection, alteration or plantings. Such approval shall be in addition to, and not in lieu of, all approvals, consents, permits and/or variances required by law from governmental authorities having jurisdiction over Towne Pointe, and no Owner shall undertake any construction activity within Towne Pointe unless all legal requirements have been satisfied. Each Owner shall complete all improvements to a Lot strictly in accordance with the Lot Development Plan approved by the Architectural Review Board. As used in this subparagraph (c), "plantings" does not include flowers, bushes, shrubs or other plants having a height of less than eighteen (18) inches. (d) Procedures. In the event the Architectural Review Board fails to approve, modify or disapprove in writing a Lot Development Plan within sixty (60) days after notice of such plan has been duly filed with the Architectural Review Board in accordance with procedures established by Declarant or, subsequent to the Applicable Date, the Board of Directors, approval will be deemed denied. A decision of the Architectural Review Board (including a denial resulting from the failure of such Bard to act on the plan within the specified period) may be appealed to the Board of Directors which may reverse or modify such decision (including approve a Lot Development Plan deemed denied by the failure of the Architectural Review Board to act on such plan within the specified period) by a two -third (2/3) vote of the Directors then serving. (e) Guidelines and Standards. The Architectural Review Board shall have the power to establish and modify from time to time such written architectural and landscaping design guidelines and standards as it may deem appropriate to achieve the purpose set forth in subparagraph (b) to the extent that such design guidelines and standards are not in conflict with the specific provisions of this Declaration. Any such guideline or standard may be appealed to the Board of Directors which may terminate or modify such guideline or standard by a two- thirds (2/3) vote of the Directors then serving. (I) Application of Guidelines and Standards. The architectural Review Board shall apply the guidelines and Standards established pursuant to subparagraph (e) in a fair, uniform and reasonable manner consistent with the discretion inherent in the design review process. In disapproving any Lot Development Plan, the 17 Architectural Review Board shall furnish the applicant with specific reasons for such disapproval and may suggest modifications in such plan which would render the Plan acceptable tot he Board if resubmitted. (g) Design Consultants. The Architectural Review Board may utilize the services of architects, engineers and other Persons possessing design expertise and experience in evaluating Lot Development Plans. No presumption of any conflict of interest or impropriety shall be drawn or assumed by virtue of the fact that any of such consultants may, from time to time, represent Persons filing Lot Development Plans with the Architectural Review Board. (h) Existing Violations of Declaration. The Architectural Review Board shall not be required to consider any Lot Development Plan submitted by an Owner who is, at the time of submission of such Lot Development Plan, in violation of the requirements of the first two sentences of Paragraph 4(h) of a Supplemental Declaration relating to the Parcel in which such Owner's Lot is located and/or the provisions of subparagraph (c) of this Paragraph 14, unless such Owner submits to the Architectural Review Board with such Lot Development Plan an irrevocable agreement and undertaking (with such surety as the Board may reasonably require) to remove from the Owner's Lot any improvements or landscaping constructed and/or installed prior to the submission of a Lot development Plan (or constructed and/or installed in violation of a previously approved Lot development Plan) to the extent any such previously constructed and/or installed improvement or landscaping is not subsequently approved by the Architectural Review Board. The Architectural Review Board shall have the power to recommend to the Board of Directors that the Corporation assess an Architectural Control Assessment against any Owner who fails to comply with the requirements of Paragraph 4 of a Supplemental Declaration of Paragraph 14 of this Declaration. Under no circumstances shall any action or inaction of the Architectural Review Board be deemed to be unreasonable, arbitrary or capricious if at the time of such decision, the Person having submitted a Lot development Plan for approval by the Architectural Review Board has violated Paragraph 4 of a Supplemental Declaration or Paragraph 14 of this Declaration and such violation remains uncured. (i) Exercise of Discretion. Declarant intends that the members of the Architectural Review Board exercise discretion in the performance of their duties consistent with the provisions of !S subparagraph (f), and every Owner by the purchase of a Lot shall be conclusively presumed to have consented to the exercise of discretion by such members. In any judicial proceeding challenging a determination by the Architectural Review Board and in any action initiated to enforce this declaration in which an abuse of discretion by the Architectural Review Board is raised as a defense, abuse of discretion may be established only if a reasonable Person, weighing the evidence and drawing all inferences in favor of the Board, could only conclude that such determination constituted an abuse of discretion. (j) Liability of Board. Neither the Architectural Review Board, nor any member thereof, nor any agent thereof, nor the Declarant shall be responsible in any way for any defects in any plans, specifications or other materials submitted to it, nor for any defects in any work done according thereto. Further, the Board does not make, and shall not be deemed by virtue of any action of approval or disapproval taken by it to have made, any representation or warranty as to the suitability or advisability of the design, the engineering, the method of construction involved, or the materials to be used. (k) Inspection. Members of the Architectural Review Board may inspect work being performed to assure compliance with these Restrictions and applicable regulations. 15. Community Area. (a) Ownership. The Community Area shall remain private, and neither Declarant's execution or recording of an instrument portraying the Community Area, nor the doing of any other act by Declarant is, or is intended to be, or shall be construed as, a dedication to the public of such Community Area. Declarant or the Corporation may, however, dedicate or transfer all or any part of the Community Area to any public agency, authority or utility for use as roads, utilities, parks or other public purposes. (b) Density of Use. Declarant expressly disclaims any warranties or representations regarding the density of use of the Community Area or any facilities located thereon. (c) Obligations of the Corporation. The Corporation, subject to the rights of Declarant and the Owners set forth in this Declaration, shall be responsible for the exclusive management and control of the Community Area and all improvements thereon (including furnishings and equipment 19 related thereto), and, except as otherwise provided herein or in a Supplemental Declaration, shall keep the Community Area in good, clean, attractive and sanitary condition, order and repair. (d) Easements of Enjoyment. No person shall have any right or easement -of enjoyment in or to the Community Area except to the extent granted by, and subject to the terms and provisions of, this Declaration or any Supplemental Declaration. Such rights and easements as are thus granted shall be appurtenant to and shall pass with the title to every Lot for whose benefit they are granted. Unless otherwise provided in a Supplemental Declaration or a Plat, all Owners may use the Paths and the Commons subject to the reserved rights of Declarant and the Corporation. The Owners of Lots abutting the Lake may use such Lake, but such use shall be limited to fishing and such other uses as may be authorized by resolution adopted by the Board of Directors. Subject to restrictions on points of access, Lake 1 may be used by all Owners, but only for fishing and such other purposes as may be authorized by the Board of Directors. No Owner whose Lot does not abut a lake shall have any right of access to a lake over any Lot, but only such right of access over the Community Area as may be designated on a Plat or by the Board of Directors for such purposes. (e) Extent of Easements. The easements of enjoyment created hereby shall be subject to the following: (i) the right of the Corporation to establish reasonable rules for the use of the Community Area and to charge reasonable admission and other fees for the use of any recreational facilities located in or constituting a part of the Community Area except that no fee shall be charged to those specifically authorized to use such facilities by this Declaration or any Supplemental Declaration unless the Corporation is specifically authorized to do so by this Declaration or a supplemental Declaration; (ii) the right of the Corporation to suspend the right of an Owner an all Persons whose right to use the Paths or the Commons derives from such Owner's ownership of a Lot to use such portions of the Community Area for any period during which any Assessment against his Lot remains unpaid for more than thirty (30) days after notice; 20 (iii) the right of the Corporation to suspend the right of an Owner of any Person claiming through the Owner to use the Paths, the Commons for a period not to exceed sixty (60) days for any other infraction of this Declaration, any Supplemental Declaration or the Register of Regulations; (iv) the right of the Corporation to mortgage any or all of the Community Area and the facilities constructed thereon for the purposes of improvements to, or repair of, the Community Area or facilities constructed thereon, pursuant to approval of .two thirds (2/3) of the votes of the members or Vwo- thirds (2/3) of the Mortgagees (based on one vote for each first mortgage owned), voting in person or by proxy at a regular meeting of the Corporation or a meeting duly called this purpose; (v) the right of the Corporation to dedicate or transfer all or any part of the Community Area to any public agency, authority or utility, but no such dedication or transfer shall be effective unless an instrument signed by the appropriate officers of the Corporation acting pursuant to authority granted by two- thirds (2/3) of the votes of the Members (excluding Declarant) or two- thirds (2/3) of the Mortgagees (based on one vote for each first mortgage owned), agreeing to such dedication or transfer, has been recorded, and (vi) the right of Declarant in any Supplemental Declaration or Plat to restrict the use of Community Area located in a section to (a) Owners of Residences located in such Section or (b) to other Owners of less than all of the Lots in the Tract. Additional Rights of Use. The members of the family and the guests of every person who has a right of enjoyment to the Community Area and facilities may use the Community Area and facilities subject to such general regulations consistent with the provisions of this Declaration and all Supplemental Declarations as may be established from time 21 to time by the Corporation and included with in the Register of Regulations. (h) Damage or Destruction by Owner. In the event the Community Area is damaged or destroyed by an Owner or any of his guests, tenants, licensees agents, or member of his famil �5:er4r�aa: :•:;d3`x:Y:i:2::::•u3,.v:.•. 9r.•s:.�:::,:;?;zi::•: rs3i##r said damaged area in a good workmanlike manner in conformance with the original plans and specifications of the area involved, or as the area may have been modified or altered subsequently by the Corporation in the discretion of the Corporation. An amount equal to the costs incurred to affect such repairs shall be assessed against such owner as a special Assessment and shall constitute a lien upon the Lot of said Owner. Conveyance of Title. Declarant may retain the legal title to the Community Area or any portion thereof until such time as it has completed improvements thereon, but notwithstanding any provision herein, the Declarant hereby covenants that it shall convey the to the Corporation, free and clear of all liens and financial encumbrances except as otherwise provided herein, not later than oy ars or 19 lots sold from the date such Community Area or portion thereof is subjected to this Declaration. Owners shall have all the rights and obligations imposed by this Declaration with respect to such Community Area prior to conveyance, except that the Corporation shall not be liable for payment of taxes and insurance for such Community Area until title is conveyed. 16. Use of Tract. (a) Protective Covenants. (i) Land residential purposes and only on Residence s may be constructed thereon. No portion of any Lot may be sold or subdivided such that there will be thereby a greater number of Residences in Towne Pointe than the number of original Lots depicted on the Plats. Not withstanding any provision in the applicable zoning ordinance to the contrary, no Lot may be used for any "Special Use" that is not clearly incidental and necessary to single family dwellings. No home occupation shall be conducted or maintained on any Lot other than one which does not constitute a "special use" and is incidental to a business, profession or occupation of the Owner or occupant of such Lot and which is generally or regularly conducted at another location which is away from such Lot. No signs of any nature, 22 kind or description shall be erected, placed, or permitted to remain on any Lot advertising a permitted home occupation. (ii) Nuisances. No nuisance shall be permitted to exist or operate upon any Lot so as to be detrimental to ay other Lot in the vicinity thereof or to its occupants. (iii) Other Restrictions. The architectural Review Board may adopt general rules and regulations to implement the purposes set forth in Paragraph 14(b) and to supplement any covenants or restrictions set forth in a Supplemental Declaration, including but not limited to rules to regulate animals, antennas, signs, fences, walls, and screens, mailboxes, storage tanks, awnings, storage and use of recreational vehicles, storage and use of machinery, use of outdoor drying line, trash containers, and planting, maintenance and removal of vegetation on the Tract. The Architectural Review Board may adopt general rules and regulations appropriate to each Parcel, which rules and regulations may vary among Parcels. Such general rules may be amended by a two- thirds (2/3) vote of the Architectural Review Board. Subsequent to the Applicable Date, any such amendment may be made only after a public hearing for which due notice to all affected Owners has been provided, and if such amendments are approved by a two- thirds (2/3) vote of the Board of Directors. All general rules and any subsequent amendments thereto shall be placed in the Register of Regulations and shall constitute Restrictions. (iv) Exceptions. The Architectural Review Board may authorize exceptions to or variances from the general rules and regulations adopted pursuant to clause (iii) if the Architectural Review Board can show good cause and acts in accordance with adopted guidelines and procedures. (b) Maintenance of Tract. To the extent that exterior maintenance is not provided for in a Supplemental Declaration, each Owner shall keep all Lots owned by him, and all improvements therein or thereon, in good order and repair and free of debris including, but not limited to, the seeding, watering, and mowing of all lawns, the pruning and cutting of all trees and shrubbery and the painting (or other appropriate external care) of all buildings and other improvement, all in a manner and with such frequency as is consistent with good property management as determined by the Architectural Review Board. In the event an Owner of any Lot in the Tract shall fail to maintain the premises and the improvements situated thereon, as provided herein, the Corporation, after notice to the Owner as provided by the By -Laws and approval by two- thirds (2/3) vote of the Board of Directors, 23 shall have the right to enter upon said Lot to correct drainage and to repair, maintain and restore the Lot and the exterior of the buildings and any other improvements erected thereon. All costs related to such correction, repair or restoration shall become a Special Assessment and full lien rights, upon such Lot. 17. Easements. (a) Flat Easements. In addition to such easements as are created elsewhere in this Declaration or in a Supplemental Declaration and as may be created by Declarant pursuant to written instruments recorded in the Office of the Recorder of Hamilton County, Indiana, Lots are subject to drainage easements, sewer easement, utility easements, entry way easements, landscape easements, community area access easements, pathway easements and non access easements, .either separately or in any combination thereof, as shown on the Plats, which are reserved for the use of Declarant, Owners, the Corporation, the Architectural Review Board, public utility companies and governmental agencies as follows: (i) Drainage Easements. (DE) are created to provide paths and courses for area and local storm drainage, either overland or in adequate underground conduit, to serve the needs of TOWNE Pointe and adjoining ground and/or public drainage systems; and it shall be the individual responsibility of each Owner to maintain the drainage across his own Lot. Under no circumstance shall said easement be blocked in any manner by the construction or reconstruction of any improvement, nor shall any grading restrict, in any manner, the water flow. Said areas are subject to construction or reconstruction to any extent necessary to obtain adequate drainage at any time by any governmental authority having jurisdiction over drainage, by Declarant, and by the Architectural Review Board, but neither Declarant nor the Architectural Review Board shall have any duty to undertake any such construction or reconstruction. Said easements are for the mutual use and benefit of the Owners (ii) Sewer Easements. (SE) are created for the use of the local governmental agency having jurisdiction over any storm and sanitary waste disposal system which may be designed to serve 24 TOWNE Pointe for the purpose of installation and maintenance of sewers that are a part of said system. (iii) Utility Easements. (UE) are created for the use of Declarant, the Corporation and all public or municipal utility companies, not including transportation companies, for the installation and maintenance of mains, ducts, poles, lines and wires, as well as for all uses specified in the case of sewer easements. (iv) Entry Way Easements. (EWE) are created for the use by Declarant, the Architectural Review Board and the Corporation for the installation, operation and maintenance of the Entry Ways. (v) Landscape Easements. (LE) are created for the use by Declarant, the Architectural Review Board and the Corporation for the planting and maintenance of trees, shrubs and other plantings. (vii) Community Area Access Easements. (CAE) are crated for the use of Declarant and the Corporation for the purpose of gaining access to the Commons in the course of maintenance, repair or replacement thereof and for the use of Owners for the purpose of gaining access to the Commons to enjoy the use thereof to the extent authorized herein. (viii) Pathway Easements. (PE) are created for the installation by Declarant, the maintenance by the Corporation and the use by the Owners of the Paths and Path Lights. (x) Non Access Easements. (NAE) are crated to preclude access from certain Lots to abutting rights -of -way across the land subject to such easements. 25 All easements mentioned herein include the right of reasonable ingress and egress for the exercise of other rights reserved. No structure, including fences, shall be built on any drainage, sewer or utility easement if such structure would interfere with the utilization of such easement for the purpose intended or violate any applicable legal requirement or the terms and conditions of any easement specifically granted to a Person who is not an Owner by an instrument recorded in the Office of the Recorder of Hamilton County, but a paved driveway necessary to provide access to a Lot from a public street and a sidewalk installed by or at the direction of Declarant (and replacements thereof) shall not be deemed a "structure" for the purpose of this Restriction. The Utility shall repair said disturbances to their original condition and repair any "structures" damaged in the course of maintaining their facilities (b) General Easement. There is hereby created a blanket easement over, across, through and under the Tract for ingress, egress, installation, replacement, repair and maintenance of underground utility and service lines and systems, including but not limited to water, sewers, gas, telephones, electricity, television, cable or communication lines and systems. By virtue of this easement it shall be expressly permissible for Declarant or the providing utility or service company to install and maintain facilities and equipment on the Tract and to excavate for such purposes if Declarant or such company restores the disturbed area as nearly as is practicable to the condition in which it was found. No sewers, electrical lines, water lines, or other utility service lines or facilities for such utilities may be installed or relocated in a Section except as proposed and approved by Declarant prior to the conveyance of the first Lot in a Section to an Owner or by the Architectural Review Board thereafter. Should any utility furnishing a service covered by the general easement herein provided request a specific easement by separate recordable document, Declarant or the Corporation shall have the right to grant such easement on the Tract without conflicting with the terms hereof. This blanket easement shall in no way affect any other recorded easements on the Tract, shall be limited to improvements as originally constructed, and shall not cover any portion of a Lot upon which a Residence has been constructed. (c) Public Health and Safety Easements. An easement is hereby created for the benefit of, and granted to, all police, fire protection, ambulance, delivery vehicles, and all similar Persons to enter upon the Community Area in the performance of their duties. 26 (d) Drainage Board Easement. An easement is hereby created for the benefit of, and granted to, the Drainage Board to enter the Tract and all Lots therein to the extend necessary to exercise its rights with respect to any legal drain constituting a part of the Drainage System. (e) Crossing Underground Easements. Easements utilized for underground service may be crossed by driveways, walkways, Paths, and Community Area Access Easements provided prior arrangements are made with the utility company furnishing service. Such easements as are actually utilized for underground service shall be kept clear of all other improvements, including buildings, patios, or other pavings, other than crossings, driveways, walkways, Paths or Community Area Access Easements, and neither Declarant nor Corporation using the easements shall be liable for any damage done by either of them or their assigns, agents, employees, or servants to shrubbery, trees, flowers or other improvements of the Owner located on the land covered by said easements. (f) Declarant's Easement to Correct Drainage. For a period of ten (10) years from the date of conveyance of the first Lot in a Section, Declarant reserves a blanket easement and right on, over and under the ground within that Section to maintain and to correct drainage of surface water in order to maintain reasonable standards of health, safety and appearance. Such right expressly includes the right to cut any trees, bushes or shrubbery, make any grading of the soil, or to take any other similar action reasonably necessary, following which Declarant shall restore the affected property to its original condition as nearly as practicable. Declarant shall give reasonable notice of its intention to take such action to all affected Owners, unless in the opinion of Declarant an emergency exists which precludes such notices. (g) Water Retention. The Owner of each Lot, by acceptance of a deed thereto, consents to the temporary storage (detention) of storm water within the drainage easements (DE) on such Owner's Lot. 18. Use of Lots During Development. (a) By Declarant. Notwithstanding any provisions to the contrary contained herein or in any other instrument or agreement, Declarant or its sales agents or contractors may maintain during the period of construction and sale of Lots and Residences in the Tract or the Development Area, upon such 27 portion thereof as is owned or leased by Declarant, such facilities as in the sole opinion of Declarant may be reasonably required, convenient or incidental to the construction and sale of Lots and Residences, including but without limiting the generality thereof, a business office, storage area, construction yards, signs, model Residences and sales offices. Declarant specifically reserves the right to maintain a sales office in the Community during the period that it is engaged in the sale of Lots in Towne Pointe. (b) By Builders. Notwithstanding any provisions to the contrary contained herein and as long as such use is in compliance with local laws, ordinances and regulations, a builder who has constructed a Residence in Towne Pointe may, with the prior consent of the Board of Directors, use such Residence as a "model" home and may hold such home open to the public, either individually. or as part of a "home show" approved by the Board of directors for such reasonable period as the Board of Directors may specify. With the approval of Declarant, Lots adjacent to or in proximity to such model home may be used for parking by visitors to such model home. 19. Enforcement. The Corporation, any Owner or Declarant shall have the right to enforce, by proceeding at law or in equity, all restrictions, conditions, covenants, reservations, liens and charges now or hereafter imposed by the provisions of this Declaration and of any Supplemental declarations, but neither Declarant nor the Corporation shall be liable for damage of any kind to any Person for failure either to abide by, enforce or carry out any of the Restrictions. No delay or failure by any Person to enforce any of the Restrictions or to invoke any available remedy with respect to a violation or violations thereof shall under any circumstances be deemed or held to be a waiver by the Person of the right to do so thereafter, y>:;.; g.............. eafter, or an �'tl�a: toila violation or violations of the Restrictions. In any action to enforce this Declaration, the Person seeking enforcement shall be entitled to recover all costs of enforcement, including attorneys; fees, if it substantially prevails in such action. 20. Limitations on Rights of the Corporation. Prior to the Applicable Date, the Corporation may not use its resources nor take a public position in opposition to the General Plan of Development or to changes thereto proposed by Declarant. Nothing in this paragraph shall be construed to limit the rights of the Members acting as individuals or in affiliation with other Members or groups as long as they do not employee the resources of the Corporation or identify themselves as acting in the name, or on the behalf, of the corporation. 21. Approvals by Declarant. Notwithstanding any other provisions hereof, prior to the Applicable date, the following actions shall require the prior approval of Declarant: the addition of real estate to the Tract; dedication or transfer of the 28 Community Are; mergers and consolidations of Sections within the Tract or of the Tract with other real estate; mortgaging of the Community Area; amendment of this Declaration and any Supplemental Declaration; and changes in the basis for assessment or the amount, use and time of payment of the Community Area Initial Assessment. 22. Mortgages. (a) Notice to Corporation. Any Owner who places a first mortgage lien upon his Residence or the Mortgagee shall notify the Secretary of the Board of Directors of such mortgage and provide the name and address of the Mortgagee. A record of such Mortgagee's name and address shall be maintained by the Secretary and any notice required to be given to the Mortgagee pursuant to the terms of the Declaration any Supplemental Declaration, the Articles or the By -Laws (the "Organizational Documents 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 mortgage and the name and address of mortgagee are furnished to the Secretary, either by the Owner or the Mortgagee, no notice to any Mortgagee as may be otherwise required by the Organizational Documents shall be required and no Mortgagee shall be entitled to vote by virtue of the Organizational Documents or a proxy granted to such Mortgagee in connection with the mortgage. (b) Notices to Mortgagees. The Corporation shall promptly provide to any Mortgagee of whom the Corporation has been provided notice under subparagraph (a) above notice of any of the following: (i) Any condemnation or casualty loss that affects a material portion of the Community Area; (ii) Any delinquency in the payment of any Assessment owed by the Owner of any Residence on which said Mortgagee holds a mortgage or any default by an Owner under the Organizational Documents, if said delinquency or default continues for more than sixty (60) days; (iii) Any lapse, cancellation or material modification of any insurance policy or fidelity bond maintained by the Corporation; (iv) Any proposed action that requires the consent of a specified percentage of Mortgagees; and, 29 (v) Any proposed amendment of the Organization Documents affecting a change in (A) the interests in the Community Area appertaining to any Residence or the liability for Maintenance Costs appertaining thereto, (B) the vote appertaining to a Residence or (C) the purposes for which any Residence or the Community Area are restricted. (c) Notice of Unpaid Assessments. The Corporation shall, upon request of a Mortgagee, a proposed mortgagee, or a proposed purchaser who has a contractual right to purchase a Residence, furnish to such mortgagee or purchaser a statement setting forth the amount of the unpaid Assessments against the Residence and the Owners, and any Mortgagee or grantee of the Residence shall not be liable for, nor shall the Residence conveyed be subject to a lien for, any unpaid Assessments in excess of the amount set fourth in such statement. (d) Financial Statements. Upon the request of any Mortgagee, the Corporation shall provide to said Mortgagee the most recent financial statement prepared on behalf of the Corporation. (e) Payments by Mortgagees. Any Mortgagee may (i) pay taxes or other charges that are in default and that may or have become a lien upon the Community Area or any part thereof and (ii) pay overdue premiums on hazard insurance policies or secure new hazard insurance coverage for the Community Area in case of a lapse of a policy. A Mortgagee making such payments shall be entitled to immediate reimbursement from the Corporation. 23. Amendments. (a) Generally. This declaration may be amended at any time by an instrument signed by (i) the appropriate officers of the Corporation acting pursuant tot he authority granted by not less than two thirds (2/3) of the votes of the Members cast at a meeting duly called for the purpose of amending this Declaration and, to the extent required by Paragraph 21, (ii) Declarant. (b) By Declarant. Declarant hereby reserves the right prior to the Applicable Date unilaterally to amend and revise the standards, covenants and restrictions contained in this Declaration; Such amendments shall be in writing, executed by Declarant, and recorded with the Recorder of Hamilton County, Indiana. No such amendment, however, shall restrict or diminish the rights or increase or expand the obligations of Owners with respect to Lots conveyed to such Owners prior to the amendment or 30 adversely affect the rights and interests of Mortgagees holding first mortgages on Residences at the time of such amendment. Declarant shall give notice in writing to such Owners and Mortgagees of any amendments. Except to the extent authorized in Paragraph 17(b), Declarant shall not have the right at any time by amendment of this Declaration to grant or establish any easement through, across or over any Lot which Declarant has previously conveyed without the consent of the Owner of such Lot. (c) Effective Date. Any amendment shall become effective upon its recordation in the Office of the Recorder of Hamilton County, Indiana. 24. Interpretation. The underlined titles preceding the various paragraphs and subparagraphs of this Declaration are for convenience of reference only, and none of them shall be used as an aid to the construction of a provision of this Declaration. Wherever and whenever applicable, the singular form of any word shall be taken to mean or apply to the plural, and the masculine form shall be taken to mean or apply to the feminine or to the neuter. 25. Duration. The foregoing covenants and restrictions are for the mutual benefit and protection of the present and future Owners, the Corporation, and Declarant, and shall run with the land and shall be binding on all parties and all Persons claiming under them until January 1, 2024, at which time said covenants and restrictions shall be automatically extended for successive periods of ten (10 years; unless changed in whole or in part by vote of those Persons who are then the Owners of a majority of the Lots in the Tract. 26. Severability. Every one of the Restrictions is hereby declared to be independent of, and severable from, the rest of the Restrictions and of and from every other one of the Restrictions, and of and from every combination of the Restrictions. Therefore, if any of the Restrictions shall be held to be invalid or to be unenforceable, or to lack the quality of running with the land, that holding shall be without effect upon the validity, enforceability or "running" quality of any other one of the Restrictions. 27. Non Liability of Declarant. Declarant shall not have any liability to an Owner or to any other Person with respect to drainage on, over or under a Lot. Such drainage shall be the responsibility of the Owner of the Lot upon which a Residence is constructed and of the builder of such Residence and an Owner, by an acceptance of a deed to a Lot, shall be deemed to agree to indemnify and hold Declarant free and harmless from and against any and all liability arising from, related to, or in connection with drainage on, over and under the Lot described in such deed. Declarant shall have no duties, obligations or liabilities hereunder except such as are expressly assumed by Declarant, and not duty of, or warranty by, Declarant shall be implied by or inferred from any term or provision of this Declaration. 31 IN TESTIMONY WHEROF, Declarant has executed this Declaration as of the date set forth above. By By: By: By: LandLink Development, LLC By: smom Farm right Wright Group, LLC, as Co- Managing Membe Kayser Swidan of Olivewood Construction, Inc., as Co- Managing ember G- ochran, of Tandem Investments, Inc., as a em er Dav M Thomas J Member er of Carmel Development, LLC, as a rmel Development, LLC, as a 32 NOTARY ACKNOWLEDGEMENT STATE OF INDIANA SS: COUNTY OF HAMILTON Before me, the undersigned, a Notary Public in and for said County and State, personally appeared Parvin C. Wright, Kayser Y. Swidan, David J. Barker, Thomas J. Lazzara and George T. Cochran, as representative members and co- managing members, respectively for and on behalf of LandLink Development, LLC, an Indiana limited liability company, who acknowledged the execution of the above and foregoing Declaration of Covenants and Restrictions for and on behalf of said liability company. WITNESS my hand and Notarial seal this F day of &brgs 2004. DAVID D. MOORE 1 NO TMY Hamlfton County m,, My Commiaalon Expires AUOUat 1,2012 T'�� My commission expires: (--‘2_64 Notary Public Residing in toriJ County A46vaT___ (printed signature) This instrument prepared by David J. Barker, Attorney at Law, BARKER LAW OFFICES, 12588 Sandstone Run, Carmel, Indiana 46033. 33 DECLARATION OF COVENANTS AND RESTRICTIONS EXIT A DESCRIPTION OF DEVELOPMENT AREA Exhibit A Description of Development Area A part of the Northwest Quarter of Section 28, Township 18 North, Range 3 East, Hamilton County, Indiana, being more particularly described as follows: Commencing at the southwest corner of the Northwest Quarter of Section 28, Township 18 North, Range 3 East, Hamilton County, Indiana; thence North 00 degrees 41 minutes 33 seconds East (assumed bearing) on the west line of said Northwest Quarter 827.54 feet to the Point of Beginning of the herein described real estate, said point also being the southwest corner of the real estate described in Instrument No. 87 -27439 in the Office of the Recorder of Hamilton County, Indiana; thence North 89 degrees 54 minutes 30 seconds East parallel with the north line of the South Half of said Northwest Quarter and on the south line of said Instrument No. 87 -27439 a distance of 273.94 feet to a point on the prolongation of the west line of the real estate described in Deed Book 361, Page 521; thence South 00 degrees 40 minutes 20 seconds West on said west line 827.54 feet to a point on the south line of said Northwest Quarter; thence North 89 degrees 54 minutes 36 seconds East on said south line 537.83 feet to the southeast corner of the real estate described in Instrument No. 2000 15374; thence North 00 degrees 39 minutes 19 seconds East parallel with the east line of the West Half of said Northwest Quarter and on the east line of said real estate and the prolongation thereof a distance of 827.56 feet to a point on the south line of said real estate described in Instrument No. 87- 27439; thence North 89 degrees 54 minutes 30 seconds East on said south line and parallel with said north line of the South Half of said Northwest Quarter 527.24 feet to a point on said. east line of the West Half of said Northwest Quarter; thence North 00 degrees 39 minutes 19 seconds East on said east line 671.34 feet to the northeast corner of the real estate described in Instrument No. 99- 42238; thence South 89 degrees 54 minutes 30 seconds West parallel with the south line of the North Half of said Northwest Quarter and on the north line of said real estate 1338.33 feet to a point on the west line of said Northwest Quarter; thence South 00 degrees 41 minutes 33 seconds West on said west line 671.34 feet to the Point of Beginning, containing 30.84 acres, more or less. Subject to the rights -of -way of Towne Road and 131st Street. Subject to all other easements, restrictions, and rights -of -way of record. DECLARATION OF COVENANTS AND RESTRICTIONS EXHIBIT B GENERAL PLAN OF DEVELOPMENT DECLARATION OF COVENANTS AND RESTRICTIONS EXIT C DESCRIPTION OF THE TRACT Exhibit C PER THE REQUEST OF THE CLIENT, THE FOLLOWING OVERALL PERIMETER DESCRIPTION HAS BEEN PREPARED OF THE ABOVE DESCRIBED REAL ESTATE: A part of the Northwest Quarter of Section 28, Township 18 North, Range 3 East, Hamilton County, Indiana, being more particularly described as follows: Commencing at the southwest corner of the Northwest Quarter of Section 28, Township 18 North, Range 3 East, Hamilton County, Indiana; thence North 00 degrees 41 minutes 33 seconds East (assumed bearing) on the west line of said Northwest Quarter 827.54 feet to the Point of Beginning of the herein described real estate, said point also being the southwest corner of the real estate described in Instrument No. 87 -27439 in the Office of the Recorder of Hamilton County, Indiana; thence North 89 degrees 54 minutes 30 seconds East parallel with the north line of the South Half of said Northwest Quarter and on the south line of said Instrument No. 87 -27439 a distance of 273.94 feet to a point on the prolongation of the west line of the real estate described in Deed Book 361, Page 521; thence South 00 degrees 40 minutes 20 seconds West on said west line 827.54 feet to a point on the south line of said Northwest Quarter; thence North 89 degrees 54 minutes 36 seconds East on said south line 537.83 feet to the southeast corner of the real estate described in Instrument No. 2000 15374; thence North 00 degrees 39 minutes 19 seconds East parallel with the east line of the West Half of said Northwest Quarter and on the east line of said real estate and the prolongation thereof a distance of 827.56 feet to a point on the 'south line of said real estate described in Instrument No. 87- 27439; thence North 89 degrees 54 minutes 30 seconds East on said south line and parallel with said north line of the South Half of said Northwest Quarter 527.24 feet to a point on said east line of the West Half of said Northwest Quarter; thence North 00 degrees 39 minutes 19 seconds East on said east line 671.34 feet to the northeast corner of the real estate described in Instrument No. 99- 42238; thence South 89 degrees 54 minutes 30 seconds West parallel with the south line of the North Half of said Northwest Quarter and on the north line of said real estate 1338.33 feet to a point on the west line of said Northwest Quarter; thence South 00 degrees 41 minutes 33 seconds West on said west line 671.34 feet to the Point of Beginning, containing 30.84 acres, more or less. Subject to the rights -of -way of Towne Road and 131st Street. Subject to all other easements, restrictions, and rights -of -way of record. SUPPLEMENTAL DECLARATION OF COVENANTS AND RESTRICTIONS VILLAGE OF TOWNE POINT TOWNE POINT This Supplemental Declaration, dated as of the 1 day of i f hZ7 2004, by LandLink Development, LLC, an Indiana limited liability company, WITNESSETHTHAT: terms that are defined in the same meaning in this Supplemental The following words, phrases and unless the context clearly requires WHEREAS, the following facts are true: A. Declarant is the sole owner of the fee simple title to the real estate located in Hamilton County, Indiana, more particularly described in Exhibit A attached hereto and incorporated herein by this reference. B. This Declaration is a Supplemental Declaration as that term is defined in the Declaration bf Covenants and Restrictions. C. Declarant intends to subdivide the Parcel into Lots upon each of wtich a Residence may be constructed. NOW, THEREFORE, Declarant hereby makes this Supplemental Declaration as follows: 1. Definitions. Words, phrases and Declaration of Covenants and Restrictions have the Declaration except as herein otherwise provided. terms, as used in this Supplemental Declaration, otherwise, mean the following: "Declaration of Covenants and Restrictions" means the Declar o Covenants and Restrictions of TOWNE POINTE dated as of ft..j- 2004 and recorded in the Office of the Recorder of Hamilton County, Indiana as Instrument Number o ?c*4 -oro b2:779 as amended from time to time "Lot" means a numerically designated subdivided parcel of land depicted on a Plat. "Owner" means any Person, including Declarant, who at any time owns the fee simple title to a Lot. 200400062771 Filed for Record in HAMILTON COUNTY INDIF JENNIFER J HAYDEN 09 -08 At 02:04 pa AMEND DECLA 35.0( "Parcel" means that part of the real estate described in Exhibit A which is subject to the covenants, restrictions, easements, charges and liens imposed by the Declaration of Covenants and Restrictions. "Plat" means the Secondary Plat of a larger tract of land that includes the Parcel. "Section" means that part of the Parcel which is depicted on a Plat. "TONNE POINTE" means the name by which the Parcel shall be known. "Tract" means a larger portion of real estate, including the Parcel and other blocks or tracts NOT subject to the covenants, restrictions, easements, charges and liens imposed by the Declaration of Covenants and Restrictions. 2. Declaration. Declarant hereby declares that, in addition to the covenants, restrictions, easements, charges and liens imposed by the Declaration of the Covenants and Restrictions, the Parcel shall be held, transferred, sold, conveyed and occupied subject to the Declaration of Covenants and Restrictions and subject to the covenants, restrictions, easements, charges and liens hereinafter set forth. 3. Land Use. Lots may be used only for residential purposes as provided in the Declaration of Covenants and Restrictions. No portion of any Lot may be sold or subdivided such that there will be thereby a greater number of houses in a Section than the number of original Lots shown on a Plat of such Section. 4. Construction of Residences. (a) Lot Development Plans. Prior to commencement of any construction on a Lot, a Lot Development Plan shall be submitted to the Architectural Review Board in accordance with the requirements of Paragraph 14 of the Declaration of Covenants and Restrictions. The Architectural Review Board may require as part of a Lot Development Plan a report of a subsurface soils investigation of the Lot made by a qualified soils engineer, which report shall include recommendations for the foundations of the proposed Residence. Each Owner shall comply with the terms and provisions of Paragraph 14 of the Declaration of Covenants and Restrictions and the requirements of the Architectural Review Board established pursuant to the authority granted by the Declaration of Covenants and Restrictions. (b) Size of Residence. Except as otherwise provided herein, no residence may be constructed on any Lot unless such Residence, exclusive of open porches, attached garages and basements, shall have a ground floor area of 3,000 square feet if a one -story structure, or 1,800 2 square feet if a higher structure, but in the case of a building higher than one story, there must also be at least 600 square feet in addition to the ground floor area and the total aggregate floor area shall not be less than 3,000 square feet. (c) Temporary Structures. No trailer, shack, tent, boat, basement, garage nor other outbuilding may be used at any time as a dwelling, temporary or permanent, nor may any structure of a temporary character be used as a dwelling. (d) Building Location and Finished Floor Elevation. No building may be erected between the building line shown on the Plat and the front Lot line, and no structure or part thereof may be built or erected nearer than ten (10) feet to any side Lot line or nearer than twenty (20) feet to any rear Lot line; provided that the aggregate of side yard shall not be less than twenty -five (25) feet. A minimum finished floor elevation, shown on the development plan for each Section, has been established for each Lot and no finished floor elevation with the exception of flood protected basements shall be constructed lower than said minimum without the written consent of the Architectural Review Board. Demonstration of adequate storm water drainage in conformity with both on -Lot and overall project drainage plans shall be a prime requisite for alternative finished floor elevations. Before construction commences, the finished floor elevation shall be physically checked on the Lot and certified by a licensed professional engineer or a licensed land surveyor. (e) Driveways. All driveways shall be poured Concrete and maintained dust free. No pavers, asphalt block or concrete substitutes shall be allowed unless approved in writing by the Architectural Review Board prior to installation. (f) Yard Lights. Each person who undertakes to construct a Residence on a Lot must provide and maintain on the lot a front yard light which must operate from dusk to dawn. The location, size and type of light are subject to approval of the Architectural Review Board. Such light fixture must have a bulb of a maximum wattage approved by the Architectural Review Board to insure uniform illumination of the Lot and must be equipped with a photo electric cell or similar device to insure automatic illumination from dusk to dawn each day. (g) Storage Tanks. Any gas or oil storage tanks used in connection with a Lot shall be either buried or located in a Residence such that they are completely concealed from public view and such must comply with all local, county and state laws, ordinances and regulations (h) Construction and Landscaping. All construction upon, landscaping of and other improvement to a Lot shall be completed strictly in accordance with the Lot Development Plan approved by the Architectural Review Board. All landscaping specified on the landscaping plan approved by the Architectural Review Board shall be installed on the Lot strictly in accordance with such approved plan within thirty (30) days following substantial completion of the Residence unless the Board agrees to a later landscaping completion date, but in no event later than the date of receipt of certificate of occupancy. Unless a delay is caused by strikes, war, court injunction or acts of God, the Owner of any Lot which on the date of purchase from Declarant is not improved with a Residence shall commence construction of a Residence upon the Lot within one (1) year from the date the Owner acquired title thereto and shall complete construction of such Residence within one (1) year after the date of commencement of the building process, but in no event later than two (2) years after the date the Owner acquired title to the Lot unless such Lot is adjacent to a Lot upon which the Owner has constructed a Residence in which such Owner permanently resides. If the Owner fails to commence or complete construction or a Residence within the time periods specified herein, or if the Owner should, without declarant's written approval, sell, contract to sell, convey, or otherwise dispose of, or attempt to sell, conve 4, or otherwise dispose of, the Lot before completion of construction of a Residence on the Lot, then, in any of such events, Declarant may: (1) re -enter the lot and divest the Owner of title thereto by tendering to the Owner or to the Clerk of the Circuit /Superior Courts of Hamilton County the lesser of (i) the net dollar amount as was received by Declarant from such Owner as consideration for the conveyance by Declarant of the Lot, together with such actual costs, if any, as the Owner may prove to have been incurred connection with the commencement of construction of a Residence on the Lot or (ii) then fair market value of the Lot, as determined by averaging two (2) appraisals made by qualified appraisers appointed by the Judge of the Hamilton County Circuit or Superior Courts; (ii) obtain injunctive relief to force the Owner to proceed with construction of any Residence, a Lot Development Plan for which has been approved by the Architectural Review Board upon application by such Owner, or 4 (iii) pursue other remedies at law or in equity as may be available to Declarant. The failure of the Owner of a Lot to apply for approval of, or receive approval from, the Architectural Review Board of a Lot Development Plan shall not relieve such Owner from his obligation to commence and complete construction of a Residence upon the Lot within the time periods specified herein. For the purposes of this subparagraph (h), construction of a Residence will be deemed "complete" when the exterior of the Residence (including but not limited to the foundation, walls, roof, windows, entry doors, gutters, downspouts, exterior trim, paved driveway and landscaping) has been completed in conformity with the Lot Development Plan. (i) Mailboxes. All mailboxes installed upon Lots shall be uniform and shall be of a type, color and manufacture approved by the Architectural Review Board. Such mailboxes shall be installed upon posts approved as to type, size and location by the Architectural Review Board. (j) Septic Systems. No septic tank, absorption field or any other on -site sewage disposal system (other than a lateral main connected to a sanitary sewerage collection system operated by the City of Carmel or a successor public agency or public utility) shall be installed or maintained on any Lot. (k) Water Systems. No private or semi private water supply system may be located upon any Lot which is not in compliance with regulations or procedures adopted or established by the Indiana State Board of Health, or other civil authority having jurisdiction. To the extent that domestic water service is available from a water line located within 200 feet of the lot line maintained by a public or private utility company, each Owner shall connect to such water line to provide water for domestic use on the Lot and shall pay all connection, availability or other charges lawfully established with respect to connections thereto. Notwithstanding the foregoing, an Owner may establish, maintain and use an irrigation water well on his Lot as long as the well has been approved and permitted by the local governing body such as the Board of Public Health, (1) Drainage. In the event storm water drainage from any Lot or Lots flows across another Lot, provision shall be made by the Owner of such Lot to permit such drainage to continue, without restriction or reduction, across the downstream Lot and into the natural drainage channel or course, although no specific drainage easement for such flow of water is provided on the Plat To the extent not maintained by the Drainage Board, "Drainage Easements" reserved as drainage swales shall 5 be maintained by the Owner of the Lot upon which such easements are located such that water from any adjacent Lot shall have adequate drainage along such swale. Lots within the Parcel may be included in a legal drain established by the Drainage Board. In such event, each Lot in the Parcel will be subject to assessment by the Drainage Board for the costs of maintenance of the portion of the Drainage System and /or the Detention Basin included in such legal drain, which assessment will be a lien against the Lot. The elevation of a Lot shall not be changed so as to affect materially the surface elevation or grade of surrounding Lots. Perimeter foundation drains, sump pump drains and downspouts shall not be outletted into streets or street rights -of -way. These drains shall be connected whenever feasible into a subsurface drainage tile provided at each lot by the developer. Each Owner shall maintain the subsurface drains and tiles located on his Lot and shall be liable for the cost of all repairs thereto or replacements thereof. 5. Maintenance of Lots. (a) Vehicle Parking No camper, motor home, truck, trailer, boat or disabled vehicle may be parked or stored overnight or longer on any Lot in open public view. (b),- Signs. Except for such signs as Declarant may in its absolute discretion display in connection with the development of TOWNIE POINT or the Parcel and the sale of Lots therein and such signs as may be located on the Community Area, no sign of any kind shall be displayed to the public view on any Lot except that one sign of size and nature as determined by local ordinance may be displayed at any time for the purpose of advertising the property for sale, or may be displayed by a builder to advertise the property during construction and sale (c) Fencing. No fence, wall, hedge or shrub planting higher than eighteen (18) inches shall be permitted between the front property line and the front building set -back line except where such planting is located on a Landscape Easement or is part of Residence landscaping and the prime root thereof is within four (4) feet of the Residence Trees shall not be deemed "shrubs" unless planted in such a manner as to constitute a "hedge No chain link fence shall be erected upon a Lot under any circumstances. No fence shall be erected or maintained on or within any Landscape Easement except such as may be installed by Declarant and subsequently replaced by the Corporation in such manner as to preserve the uniformity of such fence. In no event may any fence be erected or maintained on any Lot without the prior approval of the Architectural Review Board, which may establish design standards for fences and further restrictions with respect to fencing, including limitations on (or prohibition of) the installation of fences in the rear yard of a Lot and along the bank of any Detention Basin. All fences shall be kept in good repair. No fence, wall, hedge or shrub planting which obstructs sight lines at elevations between two (2) and six (6) feet above the street shall be placed or permitted to remain on any corner lot within the triangular area formed by the street property liens and a line connecting points 25 feet from the intersection of said street lines, or in the case of a street line with the edge of a driveway pavement or alley line. No tree shall be permitted to remain within such distances of such intersections unless the foliage line is maintained at sufficient height to prevent obstruction of such sight lines. (d) Vegetation. An Owner shall not permit the growth of weeds and volunteer trees and bushes on his Lot, and shall keep his Lot reasonably clear from such unsightly growth at all times. If an Owner fails to comply with this Restriction, the Board of Directors shall cause the weeds to be cut and the Lot cleared of such growth at the expense of the Owner thereof and the Corporation shall have a lien against the cleared Lot for the expense thereof. (e) Nuisances. No noxious or offensive activity shall be carried on upon any Lot nor shall anything be done thereon which may be, or may become, an annoyance or nuisance to the neighborhood. Barking• dogs shall constitute a nuisance. (f) Garbage and Refuse Disposal. No Lot shall be used or maintained as a dumping ground for trash. Rubbish, garbage or other waste shall be kept in sanitary containers out of public view. All equipment for storage or disposal of such materials shall be kept clean and sanitary. (g) Livestock and Poultry. No animals, livestock or poultry of any kind shall be raised, bred or kept on any Lot, except that dogs, cats or other household pets may be kept provided that they are not kept, bred or maintained for any commercial purpose. The owners of such permitted pets shall confine them to their respective Lots such that they will not be a nuisance. Owners of dogs shall so control or confine them so as to avoid barking which will annoy or disturb adjoining Owners. (h) Outside Burning No trash, leaves, or other materials shall be burned upon a Lot if smoke there from would blow upon any other Lot and, then, only in acceptable incinerators and in compliance with all applicable legal requirements. (i) Antennas and Receivers. No satellite receiver (greater than 18 inches in diameter), down -link or exterior antenna shall be permitted on any Lot without the prior written consent of the Architectural Review Board Unless consent thereto is granted by a majority of the 7 Owners, the Architectural Review Board shall not give its consent to the installation of any exterior television antenna if television reception is available from underground cable connections serving the Lot. (j) Exterior Lights Except for Path Lights, no exterior lights shall be erected or maintained between the building line and rear lot line so as to shine or reflect directly upon another Lot. (k) Electric Bug Killers. Electric bug killers, "zappers" and other similar devices shall not be installed at a location or locations which will result in the operation thereof becoming a nuisance or annoyance to other Owners and shall only be operated when outside activities require the use thereof and not continuously. 6. General Community Rules. Each Lot shall be subject to the guidelines, rules, regulations and procedures adopted by the Architectural Review Board pursuant to Paragraph 16(a)(iii) of the Declaration of Covenants and Restrictions, and each Owner of a Lot shall at all times comply therewith. 7. Assessments. The Board of Directors may make Assessments to cover any costs incurred in enforcing these covenants or in undertaking any maintenance or other activity that is the responsibility of the Owner of a Lot hereunder but which su }h. Owner has not undertaken as required hereunder. Any such Assessment shall be assessed only against those Owners whose failure to comply with the requirements of these covenants necessitated the action to enforce these covenants or the undertaking of the maintenance or other activity. 8. Enforcement. The right to enforce each of the foregoing Restrictions by injunction, together with the right to cause the removal by due process of law of structures erected or maintained in violation thereof, is reserved to Declarant, the Corporation, the Architectural Review Board, the Owners of the Lots in the parcel, their heirs and assigns, and to the Zoning Authority, their successors and assigns, who are entitled to such relief without being required to show any damage of any kind to Declarant, the Corporation, the Architectural Review Board, any Owner or Owners, or such Zoning Authority by or through any such violation or attempted violation. Under no circumstances shall Declarant, the Corporation or the Architectural Review Board be liable for damages of any kind to any Person for failure to abide by, enforce or carry out any provision or provisions of this Supplemental Declaration. There shall be no rights of reversion or forfeiture of title resulting from violations. 9. Severabilitv. Invalidation of any of these covenants and restrictions or any part thereof by judgment or court order shall not affect or render the remainder of said covenants and restrictions invalid or inoperative. 10. Non Liability of Declarant. Declarant shall have no duties, obligations or liabilities hereunder except such as are expressly assumed by Declarant, and no duty 8 of, or warranty by, Declarant shall be implied by or inferred from any term or provision of this Supplemental Declaration. 11. General Provisions. This Supplemental declaration may be amended at any time in the manner provided in Paragraph 23 of the Declaration of Covenants and Restrictions except that no amendment adopted pursuant to Paragraph 23(a) of the declaration of Covenants and Restrictions shall be effective as against a Mortgagee who subsequently acquires title to a Lot unless approved by at least two thirds (2/3) of the Mortgagees who hold first mortgages on the Lots in the Parcel (based on one vote for each first mortgage owned) or at least two- thirds (2/3) of the Owners of the Lots in the parcel (excluding Declarant). Except as the same may be amended from time to time, the foregoing restrictions will be in full force and effect until January 1, 2024, at which time they will be automatically extended for successive periods of ten (10) years, unless by a vote of the majority of the then Owners of Lots in the Parcel it is agreed that these Restrictions shall terminate in whole or in part. N WITNESS WHEREOF, this Supplemental Declaration has been executed as of the date first above written. By: By: B LandLink Development, Parvin C. nor Managing Me By Kayser Y Swidan of Olivewood Construction, Inc., as Co- Managing Member George T. e ber Member 9 iott Wright Group, LLC., as Co- G'� ochran of Tandem Investments, J. Ba er of Carm e opme ,LLC, as a G, Thomas J./Lazi a o£,Winel Development, LLC, as a Member ty t STATE OF INDIANA SS: COUNTY OF HAMILTON Before me, the undersigned, a Notary Public in and for said County and State, personally appeared Parvin C. Wright, Kayser Y. Swidan, David J. Barker, Thomas J. Lazzara and George T. Cochran, as representative members and co- managing members, respectively for and on behalf of LandLink Development, LLC, an Indiana limited liability company, who acknowledged the execution of the above and foregoing Supplemental Declaration of Covenants and Restrictions for and on behalf of said liability company. WITNESS my hand and Notarial seal this day of Sli 2004. DAVID 0. MOORE Hamilton County E.. My Ccmmission Expires August 1, 2012 My commission expires: x- c -ao <.z NOTARY ACKNOWLEDGEMENT Notary Public Rest tng in (L ro>4.) County A 4-vc6 Moale_cc_, This instrument prepared by David J. Barker, Attorney at Law, BARKER LAW OFFICES, 12588 Sandstone Run, Carmel, Indiana 46033. 10 (printed signature) SUPPLEMENTAL DECLARATION OF COVENANTS AND RESTRICTIONS EXHIBIT A DESCRIPTION OF DEVELOPMENT AREA/LAND Exhibit A Description of Development Area Section Township 1° North, Range 3 Northwest Quarter of descr_ced as st, of t__ being more particularly Hamilton County, Indiana, follows: h line of said instrument Section -.h est corner of :he Northwest Quarter thence North 8, Commenting c wn s hi p l at L::2 =Ca- 3 East, Hamilton County, sn'_ _.•a, hence1 ne of r h_p 1� North, Range Hami 1 bearing) vr, the west e'gre 41 inutes 33 se: :'n ds East of Beginning the e iEo f rees to t he Point of Be- -.r r= said Northwest Quarter 8 2 7 5 4 f point also being the southwest C bey _al estate, said po a S1-27439 e n the Office G1 the rl cr in lnstru %tent No. i t degrees p mutes 30 e estate H _tons Indiana; t hence North 54 Recorder of Hamilton County, n of the South Half of said r er the north line of t i parallel with h2 No. S7 -?7439 a Northwest East u1'tec__ south ,-.r' eSt C�:� ter an�.. on the on e r.-,, ga of the west line 0= d•. Lhw f 23 r p_.._o X73 a+ feet to a point thence Sou 00 t i e re_C. s in De =d vc=r. 361 Page 52 enr to a point the real estate e s 2 s said west line 127.5_ feet t degrees a minutes t Quarter; thence degrees l saC vCrL:'•LvcS t�L;_ to ence r c °22t tG th2 SOL'tT1caSt ute touts ore 3 south ilne 537• "000- 15374; thence c 3F S2CGndS F =ct said s�ut c minutes d in Instrument No. of Cr r ne ^T the rEa1 estate describe seconds ;Iasi tar=' e i with the east line 39 minutes 1 se c- line of said real North s J degrees Quart and on the ea l ^n. Sai.'v. Northwest Cr o2- SC feet to a point on the West Half of distance of `27 et. 4"� -27 in estate and the ofprolongation thereof real a =gibed in Instr ment 4 9 line of said -e estate line and the thence south r minutes 30 secon ,s East on sale south thence nCe North 89 degrees 54 line n c South Half Of said Northwest Quarter parallel with said north line of the of West of said Quarter o f the •,•pest 5 27.24 feet to a point on said east ete° 19 ce^•Jn:= East C�^ said eat.. thence North 03 degrees the seconds s tact on east _n l ine €7 t th_e northeast. -orn' of n 30 cried5 in °4 9 to fees 54 minutes 1; st _4 thence s s conds2r West r No. .:i:3�, e Sout de Half said Northwest instrument of the North •-alf o- p3r! with the south 1 i3° 3 feet to a point on the west north line real estate 8.3 s 4 minutes 33 the r. ins o: said South degrees r.._, C 2 i:C -re ;Ce CO 0 d g- n 3 line of said on Northwest Quarter; -1 34 feet the Pe "nt o- geCf ^,�S °Jt Ci`l ga:_. i': °St n`' 6-1.34 Containing 30.8 acres, more or Less. Subj to the rights- C= :ay of Towne Road and 13'_s'' Street. Subject an�? rights-of-way of record. all other easements, _estr_ction