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HomeMy WebLinkAbout1224~ ~ ~ 5166~9 , ~ 49'7464 Ra•aecad Rr-P~COPD '!'n CORR~~:T TypO~',RAPHICAL ~pRO~'S n*] cXHIL~I'"S g & C . 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 s.sid propert_y to certain party walls, covenants~. restrictions, servitudes~ conditions, reservations and easements for the protection.and benefit of Che 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 properCy. 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 whi~ch 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 shaZl 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 ~~i This Declaration of party walZs, restrictions, reservations, easements and protective covenants, is being established and imposed upon said real property to assure the present and future owners of all or any part of said 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 propert_y and structures shall be preserved. ~' • ~ ARTICLE II DEFINITION OF TERMS Section 1. "Association" shall mean and refer to PINEWOOD TOWNHOUSE ASSOCIATION ~~2, INC.~ a Florida Corporation not for profit, its successors and assigns. 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 anv of the sixteen (16) dwelling structures now situated on the above-described Parcels, including all concrete slab foundations, ar;~K ~7 ~~cE ~ 4 _~.~~.~ ~, , ,- 3- ~~ :>• ~~;= e~x348 PAGE~U:.~4 ~8-~QC^'':