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HomeMy WebLinkAbout0157 - - F - e - n.o Tx+e~,i 1.~ ~ t .a~1rw YX~ibP.i1Cw~7'+r:w:`ri7~ A+' •'.~i~ '-1fW - _ ~r~iw.~+?~~. . 1 covenants and restrictions. Section 2. The Developer may, in its sole discretion, modify, amend, abrogate, add to,.or derogate free the covenants and restrictions applicable to the Subdivisions provided,-however, that.any such additional covenants and restrictions for modifications or .amendments 1 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 IX DURATION OF COVENANTS AND RESTRICTIONS i ~ 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 the lands conveyed in the subdivision running with the land and shall be deemed for the benefit of all the. lands in tre ~i Subdivisions and they shall be and re~aan 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 of ten years. each unless by vote of a ma3ority of the then Owners of the Lots of this Subdivision it~is agreed to change them in whole or in part. li ARTICLE X i ' DEVEIAPER MAY ASSIGN I 'jt The Developer may assign any and all of its rights, powers, obligations and privileges under this instrument to ~"Vikings Landing Property Owners Association, Inc." or any other corporation, association or person-. ARTICLE XI The foregoing restrictions-shall be applicable to i all lots in' the Subdivision. ,ti - F I~ ~ f~ li i~ it JOHN FENNIMAM, CHARTERED An011"E11 A11M rosT o~rw ~ sas fTUAIIT, il0~1p~7ir~ - lml ~7 <7M Page -8-