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HomeMy WebLinkAbout1127 r 5~~ 49`7464 ~ _ DECLARATION OF PARTY WALLS, RESTRICTIONS, CONDITIONS RESERVATIONS EASEMENTS AND PROTECTIVE COVENANTS KNOW ALL MEN BY THESE PRESENTS: That KEY REALTY & DEVELOPMENT, INC., a Florida . Corporation, called "Declarant", being the owner in fee simple of certain real property located in St. Lucie County, Florida, particularly described in Exhibit A attached hereto, and being-desirous of subjecting said property to certain party walls, covenants, restrictions, servitudes, conditions, reservations and easements for the protection and benefit of ` the present and future owners of all or any part of said real. property and for the enhancement and protection of the value, attractiveness and desirability of said real property, does hereby declare and submit said real property and each and every part and parcel thereof to the following party walls, covenants, restrictions, servitudes, conditions, reservations and easements which are hereby declared to be Covenants Running With the Land and subject to which party walls, covenants, restrictions, servitudes, conditions, reservations and easements the said real property shall be ~ held, transferred, sold, conveyed, used and occupied and which shall be binding on all parties having any right, title or interest in the said real property or any part thereof, their heirs, successors, and assigns, and shall inure to the benefit of each owner thereof. ARTICLE I PURPOSE OF DECLARATION This Declaration of~party walls, restrictions, ' reservations, easements and protective covenants-, is being established and imposed upon said real property to assure the nrPePinfi anri f11t11YP nLrnP_rc .,f a_1 1 nr anv nar_ t of c~i e'1 real property, all of whom have a community of interests that the entire property, as described in said Exhibit A, will be kept, maintained and improved in such manner as will protect and preserve the integrity and high quality of said property and improvements situate thereon, subject to and in compliance with the following party walls, covenants, restrictions, _ servitudes, conditions, reservations and easements, and to _ provide a means to enforce this Declaration for the mutual ~ benefit of all interested parties, it being intended by all of the foregoing that the natural beauty of the property will be preserved, that harmony of external design of structures upon the property be maintained without sacrificing individuality and that the value of all of the property and structures 3 shall be preserved. - ARTICLE ZI DEFINITION OF TERMS 1 Section 1. "Association" shall mean and refer to . PINEWOOD TOWNHOUSE ASSOCIATION ~~2, INC., a Florida Corporation not for profit, its successors and assigns. t Section 2. "Parcel" shall mean and refer to the sixteen (16) tracts of real property separately, particularly ~ and legally described on Exhibit B attached hereto. Each ~ Parcel has one (1) Townhouse constructed and situated thereon. Section 3. "Townhouse" shall mean and refer to an_v of the sixteen (16) dwelling structures now situated on the above-described Parcels, including all concrete slab foundations, ae~K~7 ~~cf~4 .