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HomeMy WebLinkAbout2308 i covenants and restrictions. Section 2. 'The Developer may, in its sole discretion, modify, amend, abrogate, add to, or derogate from the covenants and restrictions applicable to the Subdivision; provided, however, that any such additional covenants and restrictions for modifications or amendments hereto shall not affect the lien of any mortgage then encumbering any of the properties within the Subdivision nor shall affect the rights and powers of any such mortgagee. ARTICLE YX DURATION OF COVENANTS AND RESTRICTIONS The foregoing covenants and restrictions which shall be binding upon all Owners, their heirs and assigns, .shall constitute an easement and servitude in and upon tFie lands conveyed in the Subdivision running with the land and shall be deemed for the benefit of all the lands in the Subdivision; and they shall be and remain in full force for 25 years from the date of this Declaration. Said covenants and restrictions shall, upon the expiration of-the 25 year period, be automatically extended for successive periods o~ ten years each unless by vote of a majority of the then Owners of the Lots_of this Subdivision it is agreed to change them in whole or in part. ARTICLE X U~:Vr:L()E7l:FZ M11Y ASSIGN i The Developer may assign any and <311 of its ric;hts, powers, obliyations and privileges under this instrument to "Vikings Landing Prol,erty Owners Association, Inc." or any ~ other corporation, association. or person. ARTICLF. XI I The foregoing restrictions shall be applicable to all lots in the Subdivision. i i i e i E i i i i i FENNIMAN, H ~RlFRED i ~ ~~tiE r /t EAllr I ~ .:r r~i ~rCE ~~ll/l E nar siLMW1 1MM N.. J/! 1700 Page - 8 - g00K ~2~ PaGE ~:c)lJl)