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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
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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
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The foregoing restrictions shall be applicable to
all lots in the Subdivision.
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