| I. |
Definitions |
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(a) Association |
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(b) Woodlake |
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(c) Company |
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(d) Developer |
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(e) Affiliate |
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(f) Properties |
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(g) Residential Lot |
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(h) Multi-Family Tract |
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(i) Public or Commercial Site |
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(j) Development Unit Parcel |
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(k) Unsubdivided Land |
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(l) Family Dwelling Unit |
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(m) Public or Commercial Unit |
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(n) Exempt Property |
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(o) Owner |
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(p) Tenant |
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(q) Resident |
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(r) Member |
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(s) Master Plan |
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(t) Intended for Use |
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(u) Common Properties |
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(v) Restricted Properties |
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(w) Intended Common Properties |
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(x) Intended Restricted Common Property |
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(y) Neighborhood Area |
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(z) Referendum |
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| II. |
Existing
Property Additions |
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Section 1. Existing Property |
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Section 2. Additions to Existing Property |
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| III. |
Membership
and Voting Rights in the Association |
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Section 1. Membership |
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Section 2. Voting Rights, Type A,B,C,D Members |
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Section 3. Governance by Board of Directors |
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Section 4. Election of Board of Directors, formula |
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Section 5. Members to Have Power of Referendum |
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Section 6. Quorum Required for Any Action |
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Section 7. Proxies |
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Section 8. Ballots by Mail |
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| IV. |
Property
Rights in the Common Properties |
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Section 1. Members' Easements of Enjoyment in Common Properties |
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Section 2. Members' Easements of Enjoyment in Restricted Common Properties |
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Section 3. Title to Common Properties and Restricted Common Properties |
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Section 4. Extent of Members' Easements; Rights of the Association:
| (a) |
to borrow money |
| (b) |
to protect against foreclosure |
| (c) |
to suspend rights of members |
| (d) |
to charge use fees |
| (e) |
to grant utility or drainage easements |
| (f) |
to give or sell Common Properties |
| (g) |
rights of reversion of Lessors |
|
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Section 5. Conveyance of Intended Common Properties and Intended
Restricted Common Properties |
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| V. |
Covenants
for Assessments |
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Section 1. Creation of the Lien and Personal Obligation of Assessments |
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Section 2. Purpose of Assessments |
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Section 3. Application of "Maximum" Assessments Assessment
Schedule |
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Section 4. Special Assessments for Improvements and Additions |
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Section 5. Reserve Funds |
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Section 6. Special Assessments for Neighborhoods |
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Section 7. Change in Maximum Amounts of Annual Assessments Upon Merger or
Consolidation |
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Section 8. Date of Commencement of Annual Assessments, Due Date |
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Section 9. Duties of Board of Directors |
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Section 10. Effect of Non-Payment of Assessment |
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Section 11. Subordination of the Lien |
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Section 12. Exempt Property |
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Section 13. Annual Statements |
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Section 14. Annual Budget |
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| VI. |
Functions
of the Association |
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Section 1. Ownership and Maintenance of Common Properties |
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Section 2. Services |
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Section 3. Minimum List of Functions and Services |
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Section 4. Obligations of the Association |
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Section 5. Mortgage and Pledge |
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Section 6. Maintenance of Property Not Owned by the Association |
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| VII. |
Architectural
Control and General Property Covenants |
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Section 1. Architectural Review of Common Properties and Restricted Common
Properties |
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Section 2. The General Property Covenants |
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| VIII. |
General
Provisions |
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Section 1. Duration |
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Section 2. Amendments |
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Section 3. Notices |
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Section 4. Enforcement |
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Section 5. Severability |
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Section 6. Interpretation |
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Section 7. Authorized Action |
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Section 8. Other Agreements |
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Section 9. Limited Liability |
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Section 10. Termination of Association |