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have. fifteen (15) days within which to exercise its right to
xepurchase said property on the same terms and conditions as any bona
fide affer whiah the Owner may have for the purchase of said property.
Said fifteen (15) ciay period shall commence upon written notice from
the Ownex to Association of Owner's intention to sell, and enclosure
f of a copy of the offer signed by ~he proposed purchaser. This
~ covenant shall run with the land and be bindinq upon each Owner, his
~ heirs and assigns, and inure to the benefit of Developer, its
~ successors and assigns. The ~ight of first retusal hereby given and
, granted to the Association may be waived by Association or by
~ Developer by endorsemen~ of the approval of the Association or
~ Developer of any conveyance on any deed from the Owner of any lot of
~ the words: "Conveyance approved and purchase rYght unaer General
Coven~nts and Restrictions waived"; followed by the signature of the
` President of ~he Association, a Vice President of the Association or
Developer. Such endorsement shall bind the Association and Developer,
their successors and assigns, and no grantee or mortgagee of any owner
shall be obligated to make further determination of the Association'~
waiver and approval but may rely upon the endorsement and waiver shown
on the face of a deed by Developer or the Associa~ion. Further, no
grantee or mortgagee of any Owner need make inquiry as to compliance
with this covenant by any predecessor in title of such Owner when the
Ownex has been in title of record for thirty (30) days or. more.
VII. EXTERIOR MAINTENANCE ASSESSMENT
Section 1. Exterior Maintenance: In addition to maintenance
upon the Common Area, the Association may provide upon any Lot
requiring same, when necessary in the opinion of the Board af
Directors of the Association to preserve the beauty and the quality of
the neighborhood, maintenance, including paint, repair, roof repair
and replacement, gutters, downspouts, exterioz b~ilding surfaces and
yard cleanup including lawn and lanclscape maintenance.
Section 2. Assessment of Costs: The cost of such maintenance
shall be assessed against the Lot or Lots upon which such maintenance
is performed or, in the opinion of the Board of Directors of the
Association benefitting the same. The assessment shall be apportioned
among the Lots involved in the manner determined to be appropriat~ by
~ the Board of Directo~s of the Association. If na al~ocation is made,
the assessment shall be uniformly assessed against all of the Lots in ~
the affected area. The exterior maintenanc~ assessments shall not be
considered part of the annual or special assessments. Any exterior
maintenance assessment shall be a lien on the Lot ancl the personal
~ obligation of the Owner and shall become due and payable in all
j- respec~s, together with interest and fees for the cast of collecti4n,
` as provi~ed for the o~her assessments of the Association, and shall be
i subordinate to mortgage liens to the extent provided by Section 9 of
~ Rrticle V hereinabove.
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