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HomeMy WebLinkAbout939356 !J RECEIVED 5/28/2008 at 4:18 PIVI RECEIVING # 939356 BOOK: 695 PAGE: 605 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY \::00605 MASTER DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR THE SNAKE RIVER JUNCTION TOWNHOMES AND CONDOMINIUMS LINCOLN COUNTY, WYOMING Ü00606 Table of Contents RECITALS ................................................................................................................................ ..... 1 ARTICLE I - DEFINITIONS..... ................ ............. ...... ...... ....... .... ................ ......... .... ........ ........... 2 1.1 Allocated Interest ............. ........ ........... ........ ..................... ......... ............... .......... .......... 2 1.2 Articles ... ...... .'. ........... ...... ............................ ........ ............... ............................ .............. 2 1.3 Assessments................................................................................................................. 3 1.4 Assessment Lien............ ................. ............... ....... ...... ................. ..... ....... .......... .....;..... 3 1.5 Association... ...... .................... .................................... ...... ........... .......... ............. .......... 3 1.6 Board of Directors or Board......................................................................................... 3 1.7 Building.... ................... ..................... ........... ............ ................. ............... ....... ...... ........ 3 1.8 Bylaws.. ......... ........... .................. ....... ................... ................... ............. ........................ 3 1.9 Common Elements.... ....... .......................... ......... ..................... ....... ........... .................. 3 1.10 Common Expenses...... ...... ..................... ..... ........ ..................... ................. ................... 4 1.11 Common Expense Assessment......... ............. ....... .................... ....... .............. ............... 4 1.12 Common Expense Liability....... ......................... ........ ...................... ................. ........... 4 1.13 Condominium. .......... ....... ........... ..... ............. ................................ ..... ........ ................... 4 1.14 Condominium Documents........ ......................................... ........................ ..... .............. 4 1.15 Condominium Plat................ .......... .................. ..................................... ....................... 4 1.16 Declarant ............... ............ ................... ............................................. ..... ...... ................ 5 1.17 Declaration ....... ...... ................... ................. ........................ ........................... ............... 5 1.18 Development Rights.................................................. ......... ................. ............. ............ 5 1.19 First Mortgage....... ............................................... ............................... ......................... 5 1.20 First Mortgagee.......... ..... ......... .......... ............... ...... ......... ............... ...... ....................... 5 1.21 Improvements......... ..................... ........... ....... ............... ...... ........................ ............. ..... 5 1.22 Limited Common Elements ......................................................................................... 5 1.23 Lot ............. ............ ......... ............... ...... .......... .................... ................... ............. ........... 6 1.24 Member...................... "'" ............ ..................................... ...... ................ ...... ................ 6 1.25 Owner .......... ............ ......................... .............. ........................ .............. ........................ 6 1.26 Period of Declarant Control... ......................... ..... ...... ........... .......... ..... .......... .............. 6 1.27 Person or Persons............ ...................... ................................. ........... ............... ............ 7 1.28 Purchaser............................................................................................... ....................... 7 1.29 Rules........... ........... ......... .............. ............... .......................... ........ ....... ........................ 7 1.30 Snake River Junction Townhomes and Condominium Development ......................... 7 1.31 Townhome...... ........... ...... ...... ...... ...................... ......... ...... ........... ........... ...... ........... ..... 7 1.32 Townhome Documents.............. ............ ..... ................. ................................... ............. 7 1.33 Townhome Plat...... ......... "'" ..................................... ...... ........... ....... ............... ...... ...... 8 1. 34 Unit..... .. .. ... .... ..... . .. ..... .. ........ .. ..... ...... .. ...... .... . .. .. .... .... "" ..... .... .... .... . ............ ..... ..... ... ... 8 ARTICLE II - ALLOCATION OF ALLOCATED INTERESTS.................................................. 8 2.1 Allocation of Allocated Interest ................................................................................... 8 2.2 Allocation of Common Expense Liabilities ................................................................. 8 2.3 Allocation and Reallocation of Common Elements and Limited Common Elements. 8 ARTICLE III - DECLARANT'S RESERVED RIGHTS ..............................................................9 3.1 Completion of Improvements. ........... .................................................... ....... ................ 9 3.2 Sales, Marketing and Management ............................................................................10 3.3. Merger ..... ..... .......... ......................... ..................................... ....................... ..... .......... 11 3.4. Annexation of Additional Properties.. .................... ........................... ......................... 11 Table of Contents Page i ÜOQ607 3.5 Annexation Procedure.. ........... ........... ........ .................... ....... .......... ..... ...... ........... ..... 11 3.6 Effect of Expansion or Contraction.............,.... ...... ............................ ......................... 12 3.7 Subdivision or Revision; Conversion of Townhomes or Units into Common Elements 1 12 , 3.8 Allocate and Reallocate Common Elements and Allocated Interests ........................ 13 3.9 Other Reserved Development Rights ..........'............................................................... 13 3.10 Declarant's Easements. .......... "" ".""".".."""". ............. ........... ....... .... ................. ....... 13 3.11 Owner Grant of Power of Attorney for Dec~arant's Exercise of Reserved Rights.... 14 3.12 . Transfer of Declarant's Reserved Rights. ...!............................................................... 14 3.13 Tennination of Declarant's Reserved Right,s. ............................................................ 14 ARTICLE IV - EASEMENTS.......... ......... ...................................... ..... ........ ............... .;.. ............. 14 4.1 Existing Easements ................................... ..'............................................................... 14 4.2 Utility Easements........ ............... ........ ........... .... ............ ................ ............. ........ ........ 15 4.3 Easements for Ingress and Egress.............................................................................. 15 4.4 Owners' Easements of Enjoyment..............~........ ........... ............. ....... .......... ..... ........ 15 4.5 Common Elements Easement in Favor oftij.e Association........................................ 16 4.6 Easement in Favor of ..Association...............~............................................................ 16 4.7 Easement for Unintended Encroachments .. ó....... .. ...................... .. ............... .............. 17 ARTICLE V - USE AND OCCUPANCY RESTRICTIpNS ...................................................... 17 5.1 Plat Notes... ........ ........... ........ "'" .............. ...;..... ............ ............... ....... .......... ....... ...... 17 5.2 Residential Use............................................;.............................................................. 17 5.3 Improvements and Alterations .............. ...... ........................ ............. ......................... 19 5 .4 No Partition and Subdivision...................... L............................................................. 19 5.5 Machinery and Equipment.......................... J...................................................... ........ 19 5.6 Environmental Restrictions........................................................................................ 19 5.7 General Restrictions Regarding Parking of Vehicles................................................. 20 5.8 Parking Roads and Drives...........................;.............................................................. 20 5.9 Motor Vehicle Repair and Towing ofVehi~les ..................................:...................... 21 5.1 0 Signs..... """"'" .... .. .. .. ...... ..... ...... ........... .. ... ",' ......... ........ .... ... .. "" ........... .... ...... ..... .. ... 21 5.11 Lawful Use.................................................. .1.............................................................. 21 5.12 Nuisances and Offensive Activity ................1........ ........... ...................... ............. ........ 22 5.13 Window Coverings................ ........ ........ .......:......... ........... ....... """"""'" .................... 22 5.14 Limitation on Leasing..................................,............................................................. 22 5.15 Community Privacy Measures ....... ...... ........, ...... ................... ......... ................. .......... 22 5.17 Pets ........ .......... ................ ............ ................ .... ...................... .... ....................... .......... 23 5.18 Limitation on Fencing... "'''''' ........... ........... ...... .................. .......... ......... .... ......... ""'" 24 5.19 Obstructing Common Elements .......... ........,l"... ....... ................................................. 24 5.20 Prohibited Item~ In Limited Common Element .........................................................24 5 .21 Water and Sewer Use...................................;.......................... ................................... 25 5 .22 Variances..................................................... .l............................................................. 25 ARTICLE VI - MAINTENANCE, REPAIR AND CONTROL OF BUILDING AND COMMON ELEMENTS ..:........ .... ............ ....... ...... ...... .:...... ....... .... .... .......... ....... ...... ...... .... ....... 25 6.1 Duties of the Association and Board........................................................................... 25 6.2 Duties of Owners.........................................:............................................................. 26 6.3 Owner's Failure to Maintain......... ............. ...J......... ..................... .............. .......... ....... 26 I 6.4 Repair or Restoration Necessitated by Ownq ........................................................... 26 I Table of Content~ Page ii I \:'00608 6.5 Right to Reasonable Access ............... ........ ..,.. ................. ....... ................................... 26 6.6 Emergency Access..................................................................................................... 27 ARTICLE VII - THE ASSOCIATION; RIGHTS AND DUTIES; MEMBERSHIP ................... 27 7.1 Rights, Powers and Duties of the Association ........................................................... 27 7.2 Directors and Officers............ ........ ......... ...... .......... ..... .......... ..... ...... .... ""'" .............. 28 7.3 Rules and Regulations by Board ................................................................................28 7.4 Composition of Members........ ................ ........................... ................ ........................ 29 7.5 Membership and Voting Rights ................................................................................. 29 7.6 Non-Liability of Officials and Indemnification ......................................................... 29 7.7 Annexation by the Town of Alpine, Wyoming.......................................................... 30 ARTICLE VIII - ASSESSMENTS... ............... .................. ............... ",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, 30 8.1 Creation of the Lien and Personal Obligation to Pay Assessments ........................... 30 8.2 Purpose of Assessments ............................................................................................. 31 8.3 Preparation of Budget................. ................. ......... ................................ ...................... 31 8.4 Common Expense Assessment..... ........................ ............................... .....".. ........ ...... 32 8.5 Special Assessments................... .... ...................... ...... ........... ............... ............. ......... 33 8.6 Notice and Quorum for Any Action Authorized Under Section 8.5.......................... 33 8.7 Effect of Nonpayment of Assessments; Remedies of the Association ......................34 8.8 Subordination of Assessment Lien to Mortgages ...................................................... 35 8.9 Exemption of Owner ...... ....................................................... ....... .......... ............. ....... 35 8.10 Certificate of Payment............... ........... ........ ..................... ......... .................. ......... ..... 35 8.11 No Offsets......... ......... ......................... .................. .............. ................... ...... ....... ....... 35 8.12 Surplus Funds.... .......................... .............. .......................... ................... ............. ....... 35 8.13 Monetary Charges and Assessments .......................................................................... 36 8.14 Reserves Fund............................................................................................................ 36 ARTICLE IX - INSURANCE.. ............ ............. ............... .............................................. .............. 36 9.1 Scope of Coverage ... ......... ........... .............. ................... ..... .......... ........ ...................... 36 9.2 Payment of Premiums...................................................,............................................ 38 9.3 Insurance Obtained by OwnerslNon-Liability of Association................................... 38 9.4 Payment of Insurance Proceeds...... ............... .............. .... ......."............ ........... ........... 39 9.5 Certificate of Insurance ... ...................................... ..... ........ ................. ........... ............ 39 ARTICLE X - EMINENT DOMAIN & ANNEXATION ........................................................... 39 10.1 Notice and Negotiations........... ......................... ..... .............................. ................. ..... 39 1 0.2 Award Proceeds.... ........... ........ ......................................... .............. ..... ................. ...... 40 10.3 Annexation to Town of Alpine, Wyoming................................................................. 40 ARTICLE XI - MANDATORY PROCEDURES ........................................................................ 40 11.1 Consensus for Association Action ............................................................................. 40 11.2 Alternative Method for Resolving Disputes............................................................... 41 11.3 Claims......... ......................... .............. ...... ...." ..................... ........................... ............. 41 11.4 Mandatory Procedures................................................................................................ 42 11.5 Amendment of Article XI .......................................................................................... 45 ARTICLE XII - GENERAL PROVISIONS....... ..... ............... .... ........ ...... ................. .................... 45 12.1 Enforcement. ...... .. . ..... . ..... . .. ... .. ...... . .. .. ...... ..... .... . ... ..... .... .... ... .. "" .... ..". .. ... ... ..... .... .... 45 12.2 Severability... ...... ... .... ...... ........... ......... ...... ................... ...... ..... .... ................. .... .... ...... 45 12.3 Amendment of Declaration ...... .......... ........................ ......... ................ ....................... 45 12.4 Remedies Cumulative..................... .............................................. ................... .......... 46 Table of Contents Page iii ~'00609 , 12.5 Notices. ......... .............................................. .................... ..................... ....................... 46 12.6 Binding Effect..............................................;.............................................................. 46 12.7 Gender.........................................................;.............................................................. 47 12.8 Topic Headings ............................. ..............:................... ...... ....... ........ ...................... 47 12.9 Survival of Liability............ ........... ............. ,..... ..... ...... ........... ..... ............. .......... ....... 47 12.10 Construction.. ............. ........... .......... ........ :...... ................. ..................... .................. 48 12.11 Joint and Several Liability ..................................................................................... 48 12.12 Guests and Tenants..... ............................ ............. ....... ..................... ...................... 48 12.13 Attorneys' Fees ................. ............. ..... ..................... ..... ...... ............... ....... ............. 48 12.14 Number of Days....................................... ................. ................. ..... ....................... 48 12.15 Declarant's Disclaimer of Representations ................. ........... ...... ..... ...... ............... 49 12.16 No Absolute Liability............................................................................................ 49 12.17 Choice of Law, Venue, and Personal Jurisdiction................................................. 49 12.18 Limitation Upon Liability of Declarant and Management Firm ........................... 49 Table of Contents Pageiv (;;0061. 0 MASTER DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR THE SNAKE RIVER JUNCTION TOWNHOMES AND CONDOMINIUMS THIS MASTER DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR THE SNAKE RIVER JUNCTION TOWNHOMES AND CONDOMINIUMS, ("Declaration") is made effective the date that this Declaration is recorded in the office of the Lincoln County, Wyoming Clerk by Alpine Development Group, LLC, a Wyoming limited liability company ("Declarant"). RECITALS A. follows: Declarant is the owner of land located in Lincoln County, Wyoming, described as A parcel of land located in the S1I2 S1I2 of Section 20 T37N, R118W, Lincoln County, Wyoming, being identical with Lots 23, 29 and 30, Snake River Junction Second Filing, a subdivision of record in Lincoln County, Wyoming under Receiving No. 932576, which lots have been further subdivided into Lots 1,2, 3, 4, 5, 6, 7, 8, 9,10 and Common Area Lots A, B & C of the SNAKE RIVER JUNCTION TOWNHOMES FIRST FILING, as more particularly shown on a Plat bearing said subdivision name filed of record in the Office of the Lincoln County, Wyoming Clerk. All of the above-described real property, and any additional real property that may be added to the above described real property by Declarant in the future, together with all Improvements thereon, shall hereafter be referred to in this Declaration as "the Property". B.' Declarant intends to construct or cause to be constructed on or to enable the Property to be used for construction and sale ofTownhomes and/or Condominium Units and appurtenant Improvements. C. Declarant desires and intends that the Property shall be held, sold and conveyed subject to the covenants, conditions, restrictions and easements in this Declaration, which: i. Are for the purpose of protecting the value, desirability, attractiveness and character of the Property; ii. Shall run with all of the real property, appurtenances, and structures comprising the Property; 111. Shall be binding on all parties having any right, title, or interest in the Property, or any part thereof; and Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 1 Ü0061.1. iv. Shall inure to the benefit of the aforementioned parties and their successors and assigns. D. Declarant shall form a Wyoming nonprofit corporation ("the Association") as hereinafter defined, for the purposes of, among other things: 1. The efficient preservation of the values and amenities of the Property, in regard to which the Association will be delegated certain powers and duties of administering and maintaining Improvements and Common Elements, and enforcing this Declaration and Rules adopted pursuant hereto; and 11. herein. Establishing, collecting, disbursing and enforcing the Assessments created NOW, THEREFORE, Declarant hereby declares, covenants and agrees as follows: ARTICLE I - DEFINITIONS As used in this Declaration, the following terms shall have the following meanings: 1.1 Allocated Interest For purposes of determining Assessments, a fraction representing each Townhome's and each Unit's pro rata share of Common Expenses (presented in either or both general decimal or percentage format), the numerator of which is the combined square footages of each respective individual Townhome Lot and Building and Porch, or the combined square footages of each respective Condominium Lot and Building and Common Elements associated with each Condominium Building, as applicabl~, and the denominator of which is the combined square footages of all Townhome Lots, Buildings and Porches, and all Condominium Lots and Buildings and Common Elements associated with all Condominium Buildings in the Snake River Junction Townhomes and Condominium Development at any given time, it being acknowledged and understood that the Allocated Interests will change from time to time as additional phases of the. Project are platted and constructed over time. The individual and cumulative Allocated Interests of all Townhomes and all Units are as shown on Exhibit A attached to this Declaration, which Exhibit shall be amended from time to time by the Association to reflect changes resulting from additions or subtraction of Townhomes and Units to or from the Snake River Junction Townhomes and Condominium Development. 1.2 Articles The Articles of Incorporation of the Association filed with the Wyoming Secretary of State, as same may be amended from time to time. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 2 ('00612 1.3 i\ssessments Common Expense i\ssessment and Special i\ssessments levied and assessed against each Townhome and Unit pursuant to Article VIII of this Declaration. 1.4 i\ssessment Lien The charge and continuing servitude and lien against a Townhome or a Unit for payment of i\ssessments, fees, and other charges pursuant to this Declaration as more particularly described in Section 8.1 of this Declaration. 1.5 i\ssociation The "Snake River Junction Townhomes & Condominiums Owners i\ssociation," a Wyoming nonprofit corporation created to administer and enforce this Declaration and the related Townhome Documents and Condominium Documents, and to exercise the rights, powers and duties set forth therein, and its successors and assigns. 1.6 Board of Directors or Board The Board of Directors of the i\ssociation. 1.7 Building i\ny structure designated as a building on a Townhome Plat or a Condominium Plat. 1.8 Bylaws The Bylaws of the i\ssociation, as they may be amended from time to time. 1.9 Common Elements or Common i\rea Those portions of the Property designated as "Common A.rea" or "Limited Common A.rea" on any Townhome Plat.or any Condominium Plat, whether by use of the words "Common A.rea" or "Limited Common i\rea" or other designation, or which are otherwise conveyed by deed to the i\ssociation by Declarant for the common use and benefit of all or any Townhome or Condominium Unit in the Snake River Junction Townhome and Condominium Development which may include, if applicable, roads or access drives, yards, walkway areas, parking areas, Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 3 \)00613 stairwells, and landings, and recreational facilities, if any. In addition to the foregoing, Common Elements shall also include all portions of any Condominium Building that are not a Unit, whether or not designated "GC" or "LC" on the Condominium Plat. 1.10 Common Expenses Expenditures made or financial liabilities incurred or to be incurred by the Association, together with required allocations to reserves, including but not lir;nited to expenditures incurred in the enforcement of provisions of this Declaration and the related Townhome Documents and Condominium Documents. 1.11 Common Expense Assessment Any assessment levied against the Property pursuant to Section 8.4 of this Declaration. 1.12 Common Expense Liability That amount equal to the product of a Townhome's Allocated Interest or a Unit's Allocated Interest times the total amount of estimated Common Expenses pursuant to Article 8.4 of this Declaration. 1.13 Condominium Any individual residential lot shown on a Condominium Plat that is dedicated to condominium ownership pursuant to the Wyoming Condominium Ownership Act, W.S. §§34- 20-101 et seq. (as may be amended from time to time. 1.14 Condominium Documents This Declaration, any Condominium Plat, and the Articles, Bylaws, and Rules. 1.15 Condominium Plat Any plat of any portion of the Property recorded in the office of the County Clerk, Lincoln County, Wyoming depicting improvements that are specifically designated as a Condominium and/or Units, and any amendments, supplements, or corrections thereto. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 4 t:0061.4 1.16 Declarant Alpine Development Group, LLC, a Wyoming limited liability company, and any successors thereto or assigns thereof who may be designated in writing as a successor to the rights of Alpine Development Group, LLC. As the context may require, each entity separately constituting the Declarant shall separately enjoy all special rights, privileges, exemptions, powers and immunities in this. 1.17 Declaration This Master Declaration of Covenants, Conditions and Restrictions for Snake River Junction Condominiums and Townhomes, as same may be amended and supplemented from time to time, together with any exhibits hereto or thereto. 1.18 Development Rights Any right or combination of rights reserved by or granted to the Declarant in this Declaration. 1.19 First Mortgage Any mortgage or deed of trust on a Townhome or Unit with first priority over any other mortgage or deed of trust. 1.20 First Mortgagee The holder of any First Mortgage. 1.21 Improvements Any alteration of the natural landscape of real property and all physical structures including but not limited to Buildings, utilities, access roads and, if any, parking stalls, parking areas, driveways, recreational areas, yards, laundry facilities, storage areas, fences and walls, maintenance areas, planters, trash receptacles, and all landscaping, including, but not limited to, hedges, plantings, trees and shrubs of every type and kind. 1.22 Limited Common Elements Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 5 Ü0061.5 Those portions of Common Elements designated "LC" followed by a Townhome number or a Unit number as shown on any Townhome Plat or any Condominium Plat, and which are limited to and reserved for the exclusive use of one or more Townhomes or one or more Units. 1.23 Lot Any separately designated plot of land shown upon a recorded Plat of any portion of the Property and referred to as a "Lot" on said plat. 1.24 Member A Unit Owner or a Townhome Owner who, by reason of ownership of a Unit or Townhome, is entitled to automatic membership in the Association. 1.25 Owner a. The record owner, whether one or more Persons, of beneficial or equitable title (and legal title if the same has merged with the beneficial or equitable title) to the fee simple interest of a Townhome or a Unit, including a Purchaser under a contract for the conveyance of real property, a contract for deed, a contract to convey, an agreement for sale or any similar contract through which a seller has conveyed to a Purchaser equitable title to a Townhome or a Unit under which the seller is obligated to convey to the Purchaser the remainder of seller's title in the Townhome or a Unit, whether legal or equitable, upon payment in full of all monies due under the contract. b. An Owner shall not include: i. Persons having an interest in a Townhome or a Unit merely as security for the performance of an obligation; or 11. A lessee or tenant of a Townhome or a Unit. 1.26 Period of Declarant Control The time period commencing on the date this Declaration is recorded in the office of the Lincoln County, Wyoming Clerk and ending on the earlier of (i) the date which is twenty (20) years after the recording of this Declaration, or (ii) Declarant's statement of termination of the Period Of Declarant Control recorded in the office of the Lincoln County, Wyoming Clerk. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 6 \:'006.1.6 1.27 Person or Persons A natural person, corporation, business trust, estate, trust, partnership, association, limited liability company, joint venture, government, government subdivision or agency, or other legal or commercial entity. 1.28 Purchaser Any Person, other than the Declarant, who by means of a voluntary transfer becomes an Owner except for: A. A Person who purchases a Unit or a Townhome and then leases it to the Declarant for use as a model, sales or leasing office, fitness facility or business support center in connection with the sale of other Units or Townhomes; or B. A Person who, in addition to purchasing a Unit or Townhome or Lot, is assigned any Special Declarant Right. 1.29 Rules Written rules and regulations adopted by the Board and intended to interpret the Association's duties under the Declaration or to provide further control and regulation of use of the Property, as they may be amended from time to time 1.30 Snake River Junction Townhomes and Condominium Development The Larger development of property by Declarant for residential purposes pursuant to a Master Development Plan approved by Lincoln County, Wyoming, consisting of Units, Townhomes, Common Elements and related Improvements as shown on all Townhome Plats and all Condominium Plats, as same may be amended from time to time. 1.31 Townhome Any individual residential Lot shown on a Townhome Plat, and all Improvements located on such Lot. 1.32 Townhome Documents Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 7 ~ ~L Ü0061.7 This Declaration, any Townhome Plat, and the Articles, Bylaws, and any Rules applicable to Townhomes. 1.33 Townhome Plat Any plat of any portion of the Property recorded in the office of the County Clerk, Lincoln County, Wyoming depicting Improvements that are specifically designated as Townhomes, and any amendments, supplements, or corrections thereto,. 1.34 Unit An individual air space unit in a Condominium Building as defined in any Declaration of Condominium for the Snake River Junction Townhomes and Condominium Development (or in . any supplemental declarations thereto), that is hereafter filed of record by Dec;larant in the Office. of the Lincoln County, Wyoming Clerk. ARTICLE II - ALLOCATION OF ALLOCATED INTERESTS 2.1 Allocation of Allocated Interest Each Townhome's and Unit's Allocated Interest (as defined in Article 1.1) shall be as described in Exhibit A attached to this Declaration, as amended from time to time to reflect changes in the total number of Townhomes and Units in the Snake River Junction Townhome and Condominium Development. 2.2 Allocation of Common Expense Liabilities The Common Expense Liability of the Association shall be allocated among the Townhomes and the Units in the same ratio as the Allocated Interest assigned to each are set forth in Section 2.1. 2.3 Elements Allocation and Reallocation of Common Elements and Limited Common a. Common Elements and Limited Common Elements may be allocated and reallocated by one or more amendments to this Declaration, by one or more supplemental declarations, and/or in one or more Townhome Plats or Condominium Plats. b. After expiration of the Period of Declarant Control, the Board of Directors shall have the right, without a vote of the Members, to allocate as a Limited Common Element any Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 8 Ü00618 portion of the Common Elements not previously allocated as a Limited Common Element. Any such allocation by the Board of Directors shall be memorialized in an amendment to this Declaration, recorded in the Lincoln County, Wyoming Clerk's office and an amendment to the applicable Townhome Plat or the applicable Condominium Plat, if required. ARTICLE III - DECLARANT'S RESERVED RIGHTS In addition to any other rights reserved by Declarant elsewhere in this Declaration, Declarant hereby expressly reserves to itself and its successors and assigns the following described rights, anyone or more of which rights may be exercised, in the sole and absolute discretion of Declarant, at any time and from time to time during the Period of Declarant Control. It is expressly understood that Declarant shall not be obligated to exercise any of these reserved rights. Except as limited by this Article III, such reserved rights may be exercised upon or in connection with all or any portion of the Property, and/or the additional unspecified real estate referred to in Section 3.4 below ("Annexed Property"). Such rights may be exercised with respect to different parcels of the Property or Annexed Property at different times, and in connection therewith. Declarant hereby states that (i) no assurances are made regarding the boundaries of said different 'parcels or with respect to the order in which such parcels maybe subjected to the exercise of these reserved rights, even if a reference to a phase or phasing appears in a legal description, Plat, development agreement or other agreement relating· to the Property or Annexed Property, and (ii) if a particular reserved right is exercised in any portion of the Property or the Annexed Property subject to that reserved right, that reserved right is not required to be exercised in all or any portion of the remainder of the Property or the Annexed Property. The reserved rights hereinafter set forth may not be amended, modified, terminated or otherwise altered in any way without the express prior written consent of Declarant. All conveyances of Townhomes and Units and other portions of the Property hereafter made, whether by Declarant or otherwise, shall be deemed and construed to reserve to Declarant and/or to grant to Declarant all of the rights reserved by and to Declarant in this Article III, even though no specific reference to such rights appears in the conveyancing instruments. Nothing in this Article III shall limit or impair any other rights granted or reserved to Declarant by other provisions of this Declaration or of any supplemental Declaration or amended Declaration. The following rights are hereby reserved to Declarant and its successors and assigns: 3.1 Completion of Improvements The right throughout the Property to complete Improvements shown on any plat or described in the Declarations as same may be amended from time to time. Furthermore, the right to construct and complete Improvements described in or required by the terms of the Master Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 9 0006:1.9 Development Plan approved on March 7, 2006 by the Lincoln County, Wyoming Board of County Commissioners and by the terms of any other agreements that may hereafter be executed by Declarant in connection with future phases or annexations to the Property, as said agreements may be amended from time to time. Specifically, but without obligation, the right to, without consent of the Board or Members of the Association, enter into and execute fmancing arrangements for construction of an athletic and recreational facility within the Property, and to convey such facility to the Association which may in turn assess the Members for their pro rata share of the costs of such financing and for costs of operation of such facility; provided however, such assessments shall entitle each Member and their immediate family members to one non- exclusive membership in and use of the athletic and recreational facility for as long as such Member owns their Townhome or Condominium Unit and is current on payment of their assessment. Furthermore, the right to create, grant and/or use and enjoy additional non-exclusive easements, and to relocate existing platted easements, upon or across any portion of the Property except for under or through Townhomes or Units that have been constructed and are owned by Persons other than Declarant, as my be reasonably required for the completion by Declarant of the Improvements or the effective exercise by Declarant of any of the other reserved rights described in this Article III. 3.2 Sales, Marketing and Management The right to construct, locate or operate, and to maintain upon, and to remove from, Townhomes or Units owned by Declarant, and/or Common Elements, in the discretion of Declarant, and in such number, size, and location as may be reasonably required by Declarant in connection with the completion of Improvements, the management of the development, and/or the promotion, marketing, sale or rental of Townhomes and Units, the following: (a) Sales offices, management offices, and/or construction offices, and structures containing or relating to the same. Such offices, to the extent they are not situated on a Townhome or within a Unit, are hereby declared to be personal property of the Declarant and shall in any case be removable by Declarant or its successors or assigns promptly upon the Declarant or its successors or assigns ceasing to be a Townhome or Unit Owner; (b) Signs identifying and advertising the Property and the Townhomes and/or Units therein, or relating to development or construction thereon; (c) Model Townhomes or model Units constructed or to be constructed; (d) Parking areas and facilities, and lighting, necessary or desirable in the marketing of the Property and the Townhomes and Units to prospective Owners; (e) materials. Employees in offices; equipment; vehicles; and marketing and construction Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 10 Ü00620 Together with the right to attract, invite or bring prospective purchasers of portions of the Property and/or Townhomes and/or Units into the Property at all times, and to permit them to use and enjoy the Common Elements. 3.3. Merger The right to merge or consolidate the Property with another common interest community property of the same form of ownership. 3.4. Annexation of Additional Properties The right to annex additional real properties to the Property. Each Owner of a Townhome or Unit hereunder hereby grants to Declarant the right to annex additional residential property and recreational amenities to the Property and to modify such Owner's Allocated Interest accordingly, provided only that all of such additional property and property owners shall be subject to these and other applicable Covenants. Alternatively, Declarant shall have the right and is authorized to develop portions of the additional property and/or to convey portions of the additional property to such third parties as Declarant may deem appropriate, prior to and instead of annexing them to the Property, whether for purposes consistent with this Declaration or otherwise. Declarant makes no assurances that all or any portion of additional property will be added to the Property and Declarant reserves the right to annex all or any portion of additional property to the Property in any order it deems appropriate in its sole and absolute discretion. 3.5 Annexation Procedure The annexation of additional real property to the Property shall be accomplished by the Declarant recording with the' Clerk of Lincoln County, Wyoming of a supplemental declaration containing a legal description of the land area to be added to the Property and amending this Declaration accordingly, together with a supplemental plat thereof. The supplemental declaration shall assign an identifying number to each new Townhome or Unit created thereby, and shall reallocate the Allocated Interests of all Townhome and Unit Owners in the Property in accordance with the defInition of Allocated Interest contained in this Declaration. The supplemental declaration shall also describe any Common Elements or Limited Common Elements thereby created, and shall designate the Townhome(s) or Unites) to which each is allocated. Annexation of additional property may be accomplished by successive supplemental declarations, in no particular or pre-established order, and may provide that the Annexed Property is phased so that it is made subject to this Declaration at different times. Upon recording of a supplemental declaration, the Annexed Property described therein shall be subject to all of the covenants, conditions, restrictions, limitations, reservations, exceptions, equitable servitudes, and other provisions set forth in this Declaration, except to the extent specifIcally stated in the supplemental declaration or as modifIed thereby. Any such supplemental declaration may impose on the Annexed Property described therein additional covenants, conditions, restrictions, limitations, reservations, exceptions, equitable servitudes, and other. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 11 l>0062j. provisions than those set forth in this Declaration, taking into account the unique and particular aspects of the Annexed Property covered thereby and of the proposed development thereof. Furthennore, Declarant shall have the right to reserve in such supplemental declaration any Development Rights that Declarant considers necessary or appropriate, provided that such provision shall not extend the Period of Declarant Control. A supplemental declaration may provide for a sub-association of Owners within the Annexed Property described in the supplemental declaratìon and for the right of the sub-association to assess such owners for common expenses unique to those Owners. 3.6 Effect of Expansion or Contraction In the event any real property is annexed to the Property as provided herein or if any real property is withdrawn from the Property as provided herein, the definitions used in this Declaration shall be automatically expanded or contracted to encompass and refer to the Property as expanded or contracted, e.g., "Property" shall mean the real property described herein plus any additional real property annexed thereto and/or minus any real property withdrawn therefrom; similarly, "Common Elements" and "Townhomes" and "Units" shall mean and include those areas as described herein as well as or less those so designated on any supplemental declaration or supplemental plat (or any amendment to a Declaration or Plat) relating to any real property which is annexed or withdrawn pursuant to this Article III. Common Elements shall also mean and include all properties located from time to time within the Annexed Property that fall within the definition of Common Elements contained in this Declaration, less any Common Elements removed by withdrawal. References to this Declaration shall mean this Declaration as so supplemented by any supplemental declaration and any supplemental plat, or as amended. Every Owner of a Townhome or Unit in the area annexed to the Property shall, by virtue of ownership of such TowÌ1home or Unit and upon recordation of the supplemental declaration annexing such property to the Property, be a member of the Association and, except as may be otherwise provided in the supplemental declaratìon, shall be entìtled to the same rights and privileges and subject to the same duties and obligatìons as any other Association Member. Regular Assessments for Townhomes or Units within the Annexed Property shall commence as of the date of the Recording of the supplemental declaration and shall be prorated as of such date. The recording of amendments to this Declaration, whether in the fonn of supplemental declarations, or otherwise,. which reallocate the Allocated Interests in the Property, shall automatically: (a) Vest in each existing Townhome and Unit Owner the reallocated Allocated Interests appurtenant to the Owner's Townhome or Unit; and (b) Vest in each existing Mortgagee a perfected security interest in the reallocated Allocated Interests appurtenant to the encumbered Townhome or Unit. 3.7 Subdivision or Revision; Conversion of Townhomes or Units into Common Elements Declarant shall have and hereby reserves the right to subdivide any previously platted Declarant-owned portion of the Property to create additional Townhomes or Units subject to the maximum number of Townhomes and Units set forth in any development proposal Plan Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 12 t.'00622 approved by the applicable government entity that has planning and zoning authority over the property that is subject to the proposal. Declarant shall also have and hereby reserves the right to convert one or more previously platted Townhome, Lots or Condominium Lots owned by Declarant into Common Elements. Upon such subdivision or conversion in accordance with the tenns and conditions contained herein, the Common Elements Interests of all Owners shall be reallocated in accordance with the definition of Common Elements Interests of all Owners shall be reallocated in accordance with the definition of Allocated Interests contained in this Declaration. 3.8 Allocate and Reallocate Common Elements and Allocated Interests The right with respect to all or any Declarant-owned portion of the Property (including Townhomes and Condominium Lots and Units) to (a) create Common Elements or Limited Common Elements; (b) create additional Townhomes or Units, subject to the maximum set forth in the any development. plan approved by the applicable government entity with planning and zoning authority over the property that is subject to such proposal; (c) combine Townhomes or Units, (d) convert Townhomes or Units into Common Elements, (e) convert Common Elements into Townhomes or Units. 3.9 Other Reserved Development Rights Exercise any other right of Declarant set forth elsewhere in this Declaration. 3.10 Declarant's Easements Declarant shall have the right, and an easement: a. On, under, through and above the Common Elements, including all Limited Common Elements, to repair, maintain, alter or improve the Common Elements shown on a Townhome Plat or a Condominium Plat and all other Buildings and Improvements as the Declarant may deem necessary, and to use the Common Elements and any Townhomes or Units owned by Declarant for construction or renovation-related purposes, including for the storage of tools, machinery, equipment, building materials, appliances, supplies and fixtures and for the perfonnance of work respecting the Property. b. On, under, through and above those portions of the Common Elements not located within Buildings for the purpose of maintaining and collecting drainage of surface, roof or stonn water and for snow removal and storage. The easement created by this subsection expressly includes the right to cut any trees, bushes, or shrubbery, to grade the soil or to take any other action reasonably necessary. c. On, under, through and above the Common Elements as may be reasonably necessary for the purpose of discharging its obligations and exercising Declarant Rights. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 13 (;00623 d. On, under, through and above all portions of each Lot (including the interior of all Buildings) from time to time during reasonable hours as may be necessary to perform the duties and functions which the Declarant or the Association is required or permitted to perform pursuant to this Declaration. 3.11 Owner Grant of Power of Attorney for Declarant's Exercise of Reserved Rights. By acceptance of a deed for any Townhome or Unit, each Owner thereof irrevocably appoints the Declarant to be such Owner's attorney in fact with the power of attorney to sign and record on behalf of such Owner, without further need to notify such Owner or obtain such Owner's further written approval, such consents or acknowledgments as necessary to amend any previously recorded plat or previously recorded declaration for the purpose of exercising any right reserved by Declarant in this Declaration. 3.12 Transfer of Declarant's Reserved Rights. Anyone or more rights created or reserved for the benefit of Declarant under this Article III or elsewhere in this Declaration or in any Supplemental Declaration may be transferred to any Person by an instrument describing the right or rights transferred and recorded in Lincoln County. Such instrument shall be executed by the transferor, Declarant, and the transferee. 3.13 Termination of Declarant's Reserved Rights. The rights reserved to Declarant in this Article III shall automatically terminate and expire at the conclusion of the Period of Declarant Control. Notwithstanding the foregoing, Declarant may from time to time relinquish and surrender one or more but less than all of the reserved rights, in which event the un-relinquished reserved rights shall remain fully valid and effective for the remainder of the term thereof. The Association may extend the time period for exercise of a development right, or reinstate a lapsed development right, subject to whatever terms, conditions and limitations the Association may impose on the subsequent exercise of the development right. The extension or renewal of a development right and any terms, conditions and limitations shall be included in an amendment executed by Declarant or the owner of the real estate subject to the development right and the Association. ARTICLE IV - EASEMENTS 4.1 Existing Easements If any Townhome, Unit 0): Common Element (including Limited Common Element) is encumbered by an access or utility easement as shown on a Townhome Plat or a Condominium Plat or provided for in this Declaration or any amended or supplemental declaration, then by Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 14 Ü00624 accepting a deed to such Townhome or Unit and Common Element, the Owner acknowledges and consents to such easement. 4.2 Utility Easements In addition to any special easements shown on a Townhome Plat or a Condominium Plat, or otherwise provided for in this Declaration or any amended or supplemental declaration, there is hereby created an easement in favor of the Association and any utility company providing utility services to the Property upon, across, over and under all Common Elements (including Limited Common Elements), and across, through and under each Townhome Lot and Condominium Lot and the crawl space and foundation of any Townhome Building and Condominium Building, for reasonable ingress, egress, installation, replacing, repairing or maintaining of all utilities, including, but not limited to, gas, water, sewer, telephone, cable television and electricity. By virtue of this easement, it shall be expressly pennissible for the utility company providing such service to erect and maintain the necessary equipment on, over, under and within such locations. The location of any future utilities shall be specifically identified and set forth in a recorded easement instrument prepared and recorded in the Lincoln County Clerk's office by the Association or the Utility Company as applicable. 4.3 Easements for Ingress and Egress There are hereby created for the benefit of the Association, the Owners and occupants of the Townhomes and Units, and their guests, families, tenants and invitees, easements for ingress and egress for pedestrian traffic over, through and across sidewalks, paths, walks, stairwells, and lanes that from time to time may exist upon the Common Elements. There is also created an easement for ingress and egress for pedestrian and vehicular traffic, including, without limitation, emergency access and utility repair vehicles and trash removal vehicles and snow plowing vehicles and equipment, over, through and across all roads, access driveways and. parking areas except that such easements shall not extend to any Limited Common Elements or assigned parking spaces, if any, except easements to allow for repair and maintenance and snow removal services retained by the Association on behalf of all Owners and occupants, their guests, families, tenants, and invitees. . 4.4 Owners' Easements of Enjovment a. Every Townhome Owner and Unit Owner shall have a right and easement of enjoyment in and to the Common Elements, except for such Limited Common Elements as may be assigned to individual Townhomes or Units and shown on a Townhome Plat or a Condominium Plat, which right and easement shall be appurtenant to and shall pass with the title to every Townhome and Unit, subject to the following provisions: Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 15 Ü00625 i. The right of the Association to adopt reasonable Rules governing the use of all Common Elements and Limited Common Elements; ii. The right of the Association to suspend the voting rights. of an Owner (1) for any period during which any Assessment against his Townhome or Unit remains unpaid more than thirty (30) days after its due date and (2) for a period not to exceed sixty (60) days for any other infraction or violation of the Townhome Documents or the Condominium Documents; 111. The right of the Association to convey the Common Elements or subject the Common Elements to a mortgage, deed of trust, or other security interest, subject to the vote or written assent of those Townhome and Unit Owners representing at least eighty percent (80%) of the votes in the Association, and with the consent of Declarant during the Period of Declarant Control; and, in all events, subject to an Owner's easement for ingress and egress if access to such Owner's Townhome or Unit is through the Common Elements to be conveyed or mortgaged iv. All rights and easements set forth in this Declaratiop., including, but not limited to, the rights and easements reserved by the Declarant in this Declaration. b. Ifa Townhome or Unit is leased or rented, the lessee and the members of Lessee's family residing with the lessee and all guests and invitees shall have the right to use the Common Elements during the tern1 of the lease, subject to rules and regulations of the Association. c. An Owner's right and easement of enjoyment in and to the Common Elements shall not be conveyed, transferred, alienated or encumbered separate and apart from a Townhome or a Unit Such right and easement of enjoyment in and to the Common Elements shall be deemed to be conveyed, transferred, alienated or encumbered upon the sale of any Townhome or Unit, notwithstanding that the description in the instrument of conveyance, transfer, alienation or encumbrance may not refer to such right and easement. 4.5 Common Elements Easement in Favor of the Association All Common Elements, including Limited Common Elements, shall be subject to an easement in favor of the Association, its Board and officers and the agents, employees and independent contractors of the Association for the purpose of the inspection, upkeep, maintenance, snow removal, repair and replacement ofthe Common Elements. 4.6 Easement in Favor of Association. The Townhome Lots, Condominium Lots, Townhome Buildings, Condominium Buildings, Units and the Common Elements are hereby made subject to the following easements Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 16 \)00626 in favor of the Association and its directors, officers, agents, employees and independent contractors: a. For inspection, maintenance, repair and replacement of any Improvement under this Declaration that is the responsibility of the Association to maintain, repair or replace. . b. For correction of emergency conditions in, or casualties to any Townhome Building, Condominium Building, Unit or the Common Elements. c. For the purpose of enabling the Association, the Board of Directors or any committees appointed by the Board of Directors to exercise and discharge their respective rights, powers and duties under the Townhome Documents or the Condominium Documents. d. For inspection, at reasonable times and upon reasonable notice to Townhome Owners or Unit Owners, of the interior of Townhome Buildings and Units to verify that the provisions of the Townhome Documents and Condominium Documents are being complied with by Owners, their guests, tenants, invitees and the other occupants of the Townhome Buildings or Units. 4.7 Easement for Unintended Encroachments To the extent that any Townhome, Unit or Common Element encroaches on any other Townhome, Unit or Common Element as a result of original construction, alteration or restoration authorized by this Declaration, settling or shifting, or any reason other than the intentional encroachment on the Common Elements or any Townhome or Unit by an Owner, an easement for the encroachment, and for the maintenance thereof, exists. ARTICLE V - USE AND OCCUPANCY RESTRICTIONS 5.1 Plat Notes In addition to the use restrictions contained herein, the Property is subject to any restrictions and limitations set forth in a Townhome Plat or a Condominium Plat, and any amendments thereto. 5.2 Residential Use a. Except as set forth in Section 5.2 (b) below, all Townhomes, Units and Common Elements shall be used, improved and devoted exclusively to residential use. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 17 Ü00627 b. No gainful occupation, profession, trade or other nonresidential use shall be conducted on or in any Townhome, Unit or Common Element; provided however, that an Owner or other resident may conduct a business activity within a Townhome or Unit so long as: i. The existence or operation of the business activity is not apparent or detectable by sight, sound or smell from outside the Townhome or Unit; ii. The business activity confonns to all applicable zoning ordinances or requirements for the Property; 111 The business activity does not involve the door-to-door solicitation of Owners or other residents in the Property; iv. The trade or business conducted by the Owner or resident shall not require more than one (1) employee working in or from such Townhome or Unit who is not a lawful resident thereof; v. The volume of vehicular or pedestrian traffic or parking generated by such trade or business does pot result in congestion or parking violations; . vi. The trade or business does not use flammable liquids or hazardous materials in quantities not customary for residential use; and vii. The business activity is consistent with the residential character of the Property and does not constitute a nuisance or a hazardous or offensive use or threaten security 'or safety of Owners or other residents in the Property, as may be detennined from time to time in the sole discretion of the Board of Directors. c. The tenns "business" and "trade" as used in this section shall be construed to have their ordinary, generally accepted meanings, and shall include, without limitation, any occupation, work or activity undertaken on an ongoing basis which involves the provision of goods or services to persons other than the provider's family and for which the provider receives a fee, compensation or other fonn of consideration, regardless of whether: 1. Such activity is engaged in full or part time; H. Such activity is intended or does generate a profit; or Hi. A license is required for such activity. d. The leasing of a Townhome or Unit by the Owner thereof shall not be considered a trade or business within the meaning of this section. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 18 5.3 Improvements and Alterations ÜOOG28 Any Owner may make nonstructural additions, alterations and improvements within his Townhome or Unit without the prior written approval of the Board, but such Owner shall, to the extent pennitted under Wyoming law, be responsible for any damage to other Townhomes, Units and to the Common Elements which results from any such alterations, additions or improvements. No Person shall make any structural additions, alterations or improvements within a Townhome or Unit, unless prior to the commencement of each addition, alteration or improvement, the Owner receives the prior written approval of the Board and the Owner retains, at the Owner's sole cost, an engineer licensed in Wyoming who certifies in writing to the Board that such addition, alteration or improvement will not impair the structural integrity of the Townhome Building Condominium Building> within which such addition, alteration or improvement is to be made. The Owner shall, to the extent permitted by Wyoming law, be responsible for any damage to other Townhomes, Units and to the Common Elements which results from any such additions, alterations or improvements. Notwithstanding the foregoing, no addition, alteration or improvement within a Townhome or Unit, whether structural or not, which would be visible from the exterior of the Building in which the Townhome or Unit is located, shall be made without the prior written consent of the Board, which approval shall only be granted if the Board affinnatively finds, in its sole discretion, that the proposed addition, alteration or improvement is aesthetically pleasing and in hannony with the surrounding Improvements. 5.4 No Partition and Subdivision Except as may be provided elsewhere in this Declaration with respect to Declarant's rights, no Townhome or Unit shall be partitioned or subdivided. 5.5 Machinery and Equipment No Owner may place, operate or maintain machinery or equipment of any kind upon the Property other than usual and customary machinery and èquipment used in connection with the Owner's permitted uses of his Townhome or Unit and Limited Common Elements. This section shall not apply to . any such machinery or equipment which Declarant or the Association may require for the construction, improvement, operation and maintenance of the Common Elements. 5.6 Environmental Restrictions All residents of the Property shall be responsible for complying with all federal and state environmental and health laws. Without limiting the foregoing, no Owner or other resident may dispose of, transport, or store "hazardous materials" in his Townhome or Unit or elsewhere in the Property other than small amounts of ordinary household non-combustible cleaning agents maintained in the Townhome, Unit or Limited Common Element storage areas and in no event Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 19 Ü00629 may any Owner or resident dispose of any hazardous materials, including without limitation, motor oil, hydrocarbons, or other petroleum products, in or on the soil of the Property, or in or down a. dry well on or adjacent to the Property, or in trash receptacles located within the Property . 5.7 General Restrictions Regarding Parking of Vehicles No vehicle (other than a Family Vehicle defmed below), or mobile home, mini or standard size motor home, travel trailer, tent trailer, trailer, all-terrain vehicle, bus, camper shell, detached camper, recreational vehicle, boat, boat trailer, snowmobile, snowmobile trailer, or other similar equipment or vehicle may be parked, kept, or maintained on any part of the Property. A "Family Vehicle" means any domestic or foreign car, station wagon, sport wagon, pick-up truck of 3/4 ton capacity or less with camper shells not exceeding eight (8) feet in height measured from ground level, mini-van, jeep, sport utility vehicle, motorcycle and similar non- commercial and non-recreational vehicles that are used by an Owner or his family members, tenants, guests or invitees for family and domestic purposes and which are used on a regular and recurring basis for basic transportation; provided however, that for the period of November 15 through February 15 each year, snowmobiles shall also be deemed a "Family Vehicle" for purposes of this section. 5.8 Governance of Parking and Roads and Drives a. The Board, through its Rules and Regulations shall have full power and authority to regulate the use of all roads, access drives and common use parking areas (if any) in the Snake River Junction Townhome and Condominium Development by imposing and enforcing speed limits, traffic control signs and devices and other restrictions, all with full power and authority to impose and enforce (by special assessments hereunder or otherwise) fines and other penalties for violations of such regulations. b. No Owner shall keep or allow to be kept on the Property more than the number of authorized motorized vehicles for which the Owner has (i) parking spaces within an enclosed garage attached to such Owner's Townhome Building or (ii) parking spaces assigned to such Owner's Condominium Unit on any recorded Condominium Plat. An Owner or any tenant of the Owner shall park their authorized motorized vehicles in the parking spaces assigned to their respective Townhome or Unit, and shall not use or permit to be used such assigned parking spaces for purposes other than to park authorized motor vehicles. c. Owners shall not themselves, and shall not permit their tenants, visitors or contractors to park anywhere on the Property except the parking spaces described in Article 5.8 or as may be otherwise be designated as common use parking area by the Association Board. d. Owners shall not themselves, and shall not permit their tenants, visitors or contractors to obstruct any access drives within the Property, or obstruct access to any other Lot. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and CondominiumstLincoln County, Wyoming Page 20 Ü00630 5.9 Motor Vehicle Repair and Towing of Vehicles Other than temporary emergency repairs, no Family Vehicle or any other vehicle or equipment shall be constructed, reconstructed, serviced (including but not limited to oil changes) or repaired, and no inoperable vehicle may be stored on any portion of the Property. The Board of Directors shall have the right to have any vehicle parked, kept, maintained, constructed, reconstructed or repaired in violation of the Townhome Documents or the Condominium Documents removed at the sole cost and expense of the owner of the vehicle or equipment, and without recourse or liability to the Association or the Board of Directors for. damages or costs incurred by the owner of such vehicle. Any expense incurred by the Association in connection with the removal of any vehicle or equipment shall be paid to the Association, upon demand, by the owner of the vehicle or equipment. Any amounts payable to the Association under this Article 5.9 shall be secured by an Assessment Lien, and the Association may enforce collection of suit amounts in the same manner provided for in this Declaration for the collection of Assessments. 5.10 Signs Other than an Owner's or occupant's name and address identification sign not exceeding 6 x 12 inches in size on the door of a Townhome or Unit, no emblem, logo, sign or billboard of any kind, including, but not limited to, "For Sale" or "For Rent" signs, shall be displayed so that it is visible from the exterior of any Townhome, Unit or Building or any other portion of the Property without the prior written approval of the Board; except for: 1. or lease; Signs used by the Declarant to advertise the Townhomes or Units for sale ii. Signs on the Common Elements as may be placed or approved by the Declarant during the Period of Declarant Control, or by the Board, thereafter; 111. Any signs as may be required by legal proceedings; and IV. Such signs as are approved by the Board. 5.11 Lawful Use No improper, offensive, or unlawful use shall be made of any part of the Property. All valid laws, zoning ordinances, and regulations of all governmental bodies having jurisdiction over the Property shall be observed. Any violation of such laws, zoning ordinances or regulations shall be a violation of this Declaration. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 21 Ü00631. 5.12 Nuisances and Offensive Activity No nuisance shall be pennitted to exist or operate upon the Property, and no activity shall be conducted upon the Property which is offensive or detrimental to any portion of the Snake River Junction Townhomes and Condominium Development or any Townhome Owner or Unit Owner or other occupant of the Snake River Junction Townhomes and Condominium Development. No exterior speakers, horns, whistles, bells or other sound devices, except security or other emergency devices used exclusively for security or emergency purposes, shall be located, used or placed on the Property. 5.13 Window Coverings No reflective materials, including, without limitation, aluminum foil, reflective screens or glass, mirrors or sImilar items, shall be installed or placed upon the outside or inside of any windows of a Townhome or Unit without the prior written approval of the Board. 5.14 Limitation on Leasing A Townhome Owner or Condominium Owner may lease his entire Townhome or Unit or less than his entire Townhome or Unit for a period of not less than thirty (30) days; provided, however, that in no event shall there be more than three (3) adults residing in any Townhome or Unit. All leases shall be in writing and shall provide that the terms of the lease shall be subject in all respects to the provisions of the Townhome Documents or the Condominium Documents, and any failure by the lessee to comply with the terms thereof shall be a default under the lease. Upon leasing his Townhome or Unit, an Owner shall promptly notify the Association of the commencement date and tennination date of the lease, and the names and mailing addresses of each lessee and other people who will be occupying the Townhome or Unit during the term of the lease. Nothing contained in this paragraph shall be construed as limiting or in any way affecting any leasing program operated by Declarant in the Property with regard to Declarant's Townhomes or Units. 5.15 Community Privacy Measures Each Owner understands and agrees that neither the Association (nor its officers, directors, employees, and agents) nor the Declarant (nor its officers, directors, employees and agents) is responsible for the acts and omissions of any third parties or of any other Owner or Owner's family members, guests, tenants and invitees resulting in damages or injury to person or property. Any entry/privacy gate features or common privacy measures that may be used in the Property (as installed by the Declarant, at its option, or by the Board on behalf of the Association) will be maintained by the Association, and each Owner understands that any entry/privacy gate features that are in effect at the time he becomes an Owner may be Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 22 c.00632 abandoned, terminated and/or modified by a majority vote of the Board. The commencement of any such devices or controls shall not be deemed to be an assumption of any duty on the part of the Association or the Declarant with respect to the Property and neither the Declarant, the Board (nor any committee thereof) make any representation or warranty concerning the efficacy of such devices relating to security or the ease of entry of fire, police or other emergency personnel. 5.16 Trash. All garbage and trash shall be placed and kept in covered containers stored in the owner's garage or in an enclosure otherwise approved by the Board. The Association may provide one or more central bear-resistant trash collection receptacles for trash collection and removal services. Notwithstanding the foregoing, the collection and disposal of garbage and trash shall be in strict compliance with such rules as may be adopted by the Association, which may provide for common collection points. The maintenance of accumulated waste plant materials is prohibited. All trash cans shall be promptly returned to the designated storage area after trash removal. 5.17 Pets (a) No animals shall be kept or maintained within or on any Townhome or Unit except as provided herein. (b) No animals may be kept or maintained on any Townhome or Unit by any person occupying Townhome or Unit who is not an Owner. Tenants of Owners shall not be allowed to have pets. (c) Each Owner occupying or residing in their Townhome or Unit shall be entitled to keep no more than two (2) Household Pets (the term "Household Pet" means a generally recognized household pet such as a dog, cat, fish, or bird); provided that such Household Pets (i) shall not be kept for any commercial purpose; or (ii) shall not cause an unreasonable amount of noise, odor or other disturbance; or (iii) shall not otherwise be a nuisance to other Owners or occupants of Townhomes or Units. (d) Any Household Pet permitted to be kept in a Townhome or Unit under this Declaration shall be controlled by its owner at all times on the Property so as to not cause a nuisance to others, destroy property, or harass or endanger wildlife. Household Pets may be exercised (i.e. by walking) on the Property but shall be restrained on a leash at all times during such activity. Any person exercising a Household Pet on the Property shall carry with them appropriate means to remove and dispose of any feces deposited by such Household Pet on the Property during such exercise activity, and each such person shall promptly pick up and properly dispose of such feces in a trash receptacle owned by the respective Owner associated with such Household Pet or, if provided by the Association, a trash receptacle provided for common trash collection purposes. (e) If any animal shall be identified by the Board, in its sole discretion, as being a nuisance to others as a result of, among other behaviors, excessive noise or odors, threatening Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 23 Ü00633 behavior towards people or other animals, destruction of property, or chasing or otherwise harassing wildlife, the Board shall have the authority: i. For the first such offense to have such animal or animals impounded at any available location, and to assess a penalty against the owner of such animal or animals of not more than $100.00, plus all costs of impoundment; and ii. For a second such offense or if in the discretion of the Board any such animal is deemed to be a chronic nuisance due to more than one incident of any such behaviors, to have such animal or animals permanently removed from the Property or impounded or destroyed, and to assess a penalty against the owner of such animal or animals an amount not greater than $500.00, plus all costs of impoundment or destruction. 5.18 Limitation on Fencing Except as may be authorized by the Association Board in writing prior to construction, no Owner or occupant of any Townhome or Unit shall construct any fence or other barrier within the Property or along the exterior boundary line of the Property. The Declarant, or the Association may, at their sole discretion, erect such fencing as deemed necessary or desirable to maintain or enhance the value of the Property, or to protect property owned by the Association, or to protect the health, safety or welfare of Owners or occupants of the Property. 5.19 Obstructing Common Elements Owners shall not obstruct Common Elements, nor shall Owners place or store anything on or within the Common Elements without prior written consent of the Board or except in facilities specifically designed and designated for storage on a Townhome Plat or a Condominium Plat. 5.20 Prohibited Items In Limited Common Element Hot tubs and charcoal or gas cooking grills shall be allowed within the Townhome Lots, so long as their installation and use are in compliance with all applicable laws and provided that their use does not, in the sole discretion of the Board, result in a nuisance to Owners of other portions of the Property. Hot tubs and charcoal or gas cooking grills are not allowed within Condominium Units or in the Limited Common Areas associated with Condominium Units. Clotheslines are prohibited in all parts of the Property. Storage of hazardous materials including but not limited to fireworks, explosives, paint or related products, fuels (including camping fuels), and weapons or ammunitions of any sort shall not be used or stored in any Common Area. Use of the Common Areas shall be further governed by the rules and regulations of the Association. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 24 û00634 5.21 Water and Sewer Use Domestic, potable water and sewer service to the Snake River Junction Subdivision is governed by written agreements between the Declarant and North Star Utility, Inc., a Wyoming corporation, copies of which may be obtained by contacting North Star Utility at P.O. Box 610, or 330 N. Glenwood, Jackson, Wyoming 83001. Those agreements provide that North Star has the right to require each Townhome and Condominium Unit Owner to enter into separate, written contracts with North Star for providence of water and sewer services. Each Owner, by acceptance of a deed to any portion of the Property agrees to be bound by the terms of such water and sewer agreements. 5.22 Variances Other than with respect to water and sewer use described in Section 5.21 above, the Board may authorize a variance from compliance with any of the provisions of this Declaration, including this Article V, from time to time, when circumstances such as hardship, aesthetic or environmental considerations may require. Any such variance shall be memorialized in writing, signed by a majority of the Board and kept as part of the Association's official records. If such variance is granted, no violation of the covenants, conditions and restrictions contained in this Declaration shall be deemed to have occurred with respect to the specific matter for which the variance was granted. The granting of such a variance shall not operate to waive any of the terms and provisions of this Declaration for any purpose except as to the particular provision hereof covered by the variance, and only for so long as the special circumstances warranting the variance exist, nor shall it affect in any way an Owner's obligation to comply with all governmental laws and regulations affecting the use of his Townhome or Unit. The Board shall have the right to condition the granting of a variance as it may determine in the Board's sole discretion, including, without limitation; making a variance temporary or permanent; or requiring the removal or replacement of a non-permanent or semi- permanent structure upon the sale or other conveyance of a Townhome or Unit. Moreover, the granting of a variance in one instance or under certain terms and condjtions shall not mandate the granting of a variance under similar or related circumstances, terms or conditions. ARTICLE VI - MAINTENANCE, REPAIR AND CONTROL OF RESIDENTIAL BUILDINGS AND COMMON ELEMENTS 6.1 Duties of the Association and Board The Association shall maintain, repair and make necessary improvements to the exterior of all Townhome Buildings and Condominium Buildings (collectively "Residential Buildings"), and to the landscaping associated with and located on Townhome Lots and Condominium Lots, and to all Common Elements and all Limited Common Elements. Without limitation, the Association shall be responsible for maintaining Residential Building exteriors (including doors Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 25 . C'00635 and porch and deck exteriors), all portions of landscaping, parking areas (other than the interior of garages associated with a Townhome Building), parking canopies, common laundry facilities (if any), maintenance areas, planters, storage closet units (if any), stairwells, streets and drives, sidewalks, landscaping, irrigation systems, lighting and light fixtures in the Common Elements and the Limited Common Elements. The Board shall be the sole and absolute judge as to the appropriate maintenance of all of the property interests described in this subparagraph. 6.2 Duties of Owners Each Owner shall maintain, repair, replace and restore, at his own expense, all portions of his Townhome or Unit not otherwise identified in the Townhome Documents or Condominium Documents as being the responsibility of the Association. 6.3 Owner's Failure to Maintain If an Owner fails to maintain in good condition and repair his Townhome or Unit and the required maintenance, repair or replacement is not perfonned within thirty (30) days after written notice has been given to the Owner by the Association, the Association shall have the right, but not the obligation, to perfonn the required maintenance, repair or replacement. The cost of any such maintenance, repair or replacement shall be assessed against the non performing Owner and may be collected as provided for in Article VIII of this Declaration. 6.4 Repair or Restoration Necessitated bv Owner Each Owner shall be liable to the Association, to the extent permitted by Wyoming law, for any damage to the Common Elements, Limited Common Elements, or the Improvements, or equipment thereon, which results from the negligence or willful misconduct, by act or omission, of the Owner or that Owner's family members, tenants, guests, invitees and pets. The cost to the Association of any such repair, maintenance or replacement required by such act or omission of an Owner shall be paid by the Owner, upon written demand, to the Association. The Association may enforce collection of any such amounts in the same manner and to the same extent as provided for in this Declaration for the collection of Assessments. 6.5 Right to Reasonable Access On reasonable notice, each Owner shall afford the Declarant (during the Period of Declarant control) or Association and their contractors or utility service providers, and their agents or emp.loyees access through such Owner's Townhome or Unit reasonably necessary for purposes described in this Article and/or to exercise any easement rights reserved to the Declarant or granted to the Association in this Declaration. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 26 Ü00636 6.6 Emergency Access Each Owner or the Owner's tenant shall promptly provide the Association with a key to a Townhome Building or Unit should the Owner or their tenant change the locks on entry doors. In an emergency, if an Owner or the Owner's tenant is not present to open and permit entry into a Townhome or Unit when an entry is necessary to investigate and/or take measures to protect a Common Element, the Association or its agents may enter the Townhome or Unit by key without first providing notice to or obtaining the permission of the Owner or the Owner's tenant. If no key has been provided as required above, the Association and its agents shall have the right to enter the Townhome or Unit by force in the event of an emergency, and the Owner shall pay all such cost of repair due to such forcible entry. The Association's or its agents' emergency entrance into a Townhome or Unit shall not render the Association or such agents liable for any damage to the Owner of Owner's tenant, nor to the Owner's or the Owner's tenant's property, if during such entry the Association or its agents take reasonable care to not damage the Owner's or Owner's tenant's property. ARTICLE VII - THE ASSOCIATION; RIGHTS AND DUTIES; MEMBERSHIP 7.1 Rights. Powers and Duties of the Association a. Creation. No later than the date on which title to the first Townhome or Unit is conveyed to a Purchaser, the Association shall be organized as a nonprofit Wyoming corporation. Every Townhome Owner and every Unit Owner shall be a Member of the Association. The Association shall be the entity through which all of the Owners in the Snake River Junction Townhome and Condominium Development, shall act. . b. Bylaws. The Association shall have such rights, powers and duties as are prescribed by law and as are set forth in the Townhome Documents and the Condominium Documents, together with such rights, powers and duties as may be reasonably necessary to effectuate the objectives and purposes of the Association as set forth in this Declaration. The Association shall adopt and may from time to time, amend written bylaws ("Bylaws") consistent with the Townhome Documents and the Condominium Documents, which Bylaws shall describe the internal functioning and management of the Association. c. Financing Caµital Improvements. The Association shall have the right to fmance capital improvements in the Property by Assessments if such action is approved by the written consent or affirmative vote of Members representing more than fifty percent (50%) of the votes in the Association and, during the Period of Declarant Control, by Declarant; provided, however, that should Declarant fail to exercise Declarant's rights under Article 3.1 of this Declaration, the Association shall have the right to, without consent of Members of the Association, enter into and execute financing arrangements for construction of an athletic and recreational facility within the Property, and assess the Members for their pro rata share of the costs of such financing. Such assessments shall entitle, each Member and their immediate family members to Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 27 û00637 one non-exclusive membership in and use of the athletic and recreational facility for as long as such Member owns their Townhome or Condominium Unit, and is current on payment of their assessment. d. Board Action Binding. Unless the Townhome Documents or the Condominium Documents, or the Bylaws specifically require a vote of the Members, approvals or actions to be given or taken by the Association shall be valid if given or taken by the Board. e. Information Available to Owners. The Association shall make available to the Declarant, and the Members current copies of the Townhome Documents and the Condominium Documents and other books, records and financial statements of the Association as may be requested from time to time by such parties. Such requests shall be in writing, and the Association shall have the right to charge for copying expenses and the reasonable cost of postage, shipping or transmission of the information requested. 7.2 Directors and Officers a. Board Makeup - Declarant Control. During the Period of Declarant Control, the Declarant shall have the right to appoint and remove the members of the Board of Directors and the officers of the Association, and such appointed members and officers do not have to be Members of the Association. b. Board Makeup - Post-Declarant Control Upon the termination ofthe Period of Declarant Control, the Members of the Association shall elect the Board of Directors which shall consist of at least three (3) Members of the Association. The Board of Directors elected by the Members shall then elect the officers of the Association. c. Related Declarant Discretion Matters. The Declarant may voluntarily surrender his right to appoint and remove the members of the Board of Directors and the officers of the Association before termination of the Period of Declarant Control, and in that event, the Declarant may require, for the duration of the Period of Declarant Control, that specified actions of the Association or the Board of Directors, as described in a recorded instrument executed by the Declarant, be approved by the Declarant before they become effective. 7.3 Rules and Regulations bv Board The Board of Directors, from time to time and subject to the provlslOns of this Declaration, may adopt, amend, and repeal rules and regulations. The Rules may, among other things, restrict and govern the use by any Owner, by the family of such Owner, or by any invitee, licensee or lessee of such Owner, of any area within the Property subject to the Association's jurisdiction and control; provided, however, that the Rules may not unreasonably discriminate among Owners and shall not be inconsistent with the applicable federal and state Fair Housing Acts, this Declaration, the Articles or Bylaws. A copy of the Rules, as they may from time to Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 28 000638 time be adopted, amended or repealed, shall be mailed or otherwise deliyered to each Owner and may be recorded in the office of the Lincoln County Clerk. 7.4 Composition of Members Each Townhome Owner and each Unit Owner shall be a Member of the Association. The membership of the Association at all times shall consist exclusively of all the Owners. Membership in the Association is mandatory and such Membership and the Allocated Interests thereof are appurtenant thereto and may not be separated from ownership of a Townhome or a Unit as the case may be; provided, however, the Allocated Interests of Townhomes or Units from time to time may be modified or changed as expressly pennitted in this Declaration. No Owner during his ownership ofa Townhome or Unit shall have the right to relinquish or tenninate his membership in the Association. 7.5 Membership and Voting Rights Each Townhome Owner and each Unit Owner shall automatically be a Member of the Association and each such Owner shall be entitled to one (1) vote for each Townhome or each Unit owned in matters concerning the administration of the Association as described in this Declaration. In the event that a Townhome or Unit is owned of record by more than one person, the vote attributed to that Townhome or .Unit shall be cast as the single vote of the collective Owners of that Townhome or Unit as said Owners shall among themselves detennine, and said vote shall not be apportioned. In the event of any dispute among joint owners of a Townhome or Unit, the Board of Directors shall have the right to disqualify such Townhome or Unit from voting on an issue unless or until the joint owners of such Townhome or Unit have reached agreement as to their vote. 7.6 Non-Liability of Officials and Indemnification To the fullest extent pennitted by law, neither Declarant, the Board, nor any committees of the Association nor any member thereof, nor any officers, directors or employee& of the Declarant or of the Association, shall be liable to any Owner or to the Association or any other person for any damage, loss or prejudice suffered or claimed on account of any decision, course of action, act, inaction, omission, error, negligence or the like made in good faith and which Declarant, the Board, or such committees or officers reasonably believed to be within the scope of their respective duties or rights. To the fullest extent pennitted by law, Declarant and every director, officer or committee member of the Association and/or the Declarant (to the extent a claim may be brought by reason of Declarant's appointment, removal or control over members of the Board or its control over the Association or any committee thereof) shall be indemnified by the Association. Every other person serving as an employee or direct agent of the Association, or otherwise acting on behalf Master Declaration of Covenants, Conditions and Restrictions for thê Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 29 Ci00639 of and at the request of the Association may, in the discretion of the Board, be indemnified by the Association. Any such indemnification shall be limited to all expenses and liabilities, including attorneys' fees, reasonably incurred by or imposed upon such person in connection with any proceeding to which he may be a party or in which he may become involved, by reason of his being or having served in such capacity on behalf of the Association (or in the case of Declarant by reason of having appointed, removed, controlled or failed to control members of the Board, or controlled or failed to control the Association), or incurred in any settlement thereof, whether or not he is a directòr, officer or member of a committee or serving in such other specified capacity at the time such expenses are incurred. 7.7 Annexation by the Town of Alpine, Wyoming In the event that the Town of Alpine, Wyoming initiates annexation proceedings with respect to all or a portion of the Property, the Association shall consent to such annexation so long as the Town of Alpine agrees to provide to the owners of subdivided lots in the Property water and sewer services equal to or better than being provided prior to the proposed annexation, and agrees to accept dedication of the common access roads within the Property and to thereafter provide maintenance (including snow removal) and repair services for such roads. ARTICLE'VIII - ASSESSMENTS 8.1 Creation of the Lien and Personal Obligation to Pay Assessments a. Each Owner of a Townhome and Unit, by acceptance of a deed to any Townhome or Unit, whether or not it shall be so expressed in such deed, agrees and is deemed to covenant and agree to pay to the Association: 1. Annual assessments or charges; 11. Special assessments for capital improvements; 111. Individual repair and maintenance assessments; iv. Assessment for charges or fees due to the Association, such assessments to be established and collected as herein provided; and v. Such other assessments created by the Townhome Documents and the Condominium Documents. b. All Assessments levied by the Association, together with interest at 18% per annum, and all costs incurred by the Association, including reasonable attorney's fees, shall be a Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 30 000640 charge on each Townhome and Unit, and shall be a continuing lien upon each Townhome and Unit against which each Assessment is made from the date such Assessment is due to the Association. Notice of the lien of the Association for such assessments may be recorded in the office of the Lincoln County, Wyoming Clerk. c. Delinquent assessments, together with interest, costs, and reasonable attorneys' fees, shall also be the personal obligation of the person who was the Owner of such Townhome or Unit at the time when the assessment was levied. The personal obligation for delinquent assessments shall not pass to successors in title unless expressly assumed by them. The sale or transfer of a Townhome or Unit shall not relieve the prior Owner thereof from personal liability to pay delinquent assessments, plus interest, costs and attorney's fees. Such obligation shall remain the personal obligation of the defaulting Owner. 8.2 Purpose of Assessments Assessments levied by the Association shall be used exclusively to promote the recreation, health, safety, and welfare of the Members and their guests, for the improvement, maintenance and repair of the Common Elements and those portions of the Residential Buildings or other facilities or structures for which the Association is responsible to maintain and for all purposes set forth in the Articles, Bylaws and this Declaration, and any amended or supplemental declarations. The Board of the Association may provide that assessments include a reserve fund for maintenance, repairs and replacement of those elements of the Common Elements and those portions of the Residential Buildings for which the Association is responsible to maintain, and of property and equipment owned by the Association for the common use and enjoyment of the Members, or otherwise the responsibility of the Association to maintain and repair. 8.3 Preparation of Budget a. At least sixty (60) days (or soon thereafter as feasible) before the beginning of the first full fiscal year of the Association after title to the first Townhome or Unit is conveyed to a Purchaser and each fiscal year thereafter, the Board of Directors shall adopt a budget for the Association containing an estimate of the total amount of funds which the Board of Directors believes will be required during the ensuing fiscal year to pay all Common Expenses including, but not limited to: 1. The amount required to pay for the cost of maintenance, management, operation, repair and replacement of the Common Elements and those parts of the Property and Improvements which the Association has the responsibility of maintaining, repairing and replacing; ii. The cost of wages, materials, insurance premiums, services, supplies and other expenses required for the administration, operation, maintenance and repair of the Property; Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 31 000641. 111. The amount required to render to the Owners all services required to be rendered by the Association under the Townhome Documents and. the Condominium Documents; and iv. Such amounts as are necessary to provide general operating reserves and reserves for contingencies and replacements. b. The budget shall separately reflect any Common Expenses to be assessed against less than all of the Townhomes or Units pursuant to Subsections d and e of Section 8.4 and must include an adequate allocation to reserves as part of the Common Expense Assessment. c. Within thirty (30) days after the adoption of a budget, the Board of Directors shall send to each Owner a summary of the budget and a statement of the amount of the Common Expense Assessment assessed against each Townhome and Unit in accordance with Section 8.4 of this Declaration. The failure or delay of the Board of Directors to prepare or adopt a budget for any fiscal year shall not constitute a waiver or release in any manner of an Owner's obligation to pay his allocable share of the Common Expenses as provided in Section 8.4 of this Declaration and each Owner shall continue to pay the Common Expense Assessment against his Townhome or Unit as established for the previous fiscal year until notice of the Common Expense Assessment for the new fiscal year has been established by the Board of Directors. d. The Board of Directors is expressly authorized to adopt and amend budgets for the Association, and no ratification of any budget by the Owners shall be required. 8.4 Common Expense Assessment a. For each fiscal year of the Association commencing with the fiscal year in which title to the first Townhome or Unit is conveyed to a Purchaser, the total amount of the estimated Common Expenses set forth in the budget adopted by the Board of Directors (except for the Common Expenses which are to be assessed against less than all of the Townhomes or Units pursuant to Subsections d and e of this section) shall be assessed against each Townhome and Unit in the proportion of such Townhome's or Unit's Common Expense Liability. If the Board of Directors detennines during any fiscal year that its funds budgeted or available for that fiscal year are, or will, become inadequate to meet all Common Expenses for any reason, including, without limitation, nonpayment of Assessments by Members, it may increase the Common Expense Assessment for that fiscal year and the revised Common Expense Assessment shall commence on the date designated by the Board of Directors. b. The Common Expense Assessments shall commence as to all Townhomes and Units sold to Purchasers in the Property on the first day of the month following the conveyance of title to the first Townhome or Unit to a Purchaser. The first Common Expense Assessment shall be adjusted according to the number of months remaining in the fiscal year of the Association. The Board of Directors may require that the Common Expense Assessments or Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 32 Ü00642 Special Assessments be paid in installments. Unless otherwise directed by the Board, Common Expense Assessments shall be paid in montWy installments and shall be due and payable on the first day of each month. c. Except as otherwise expressly provided for in this Declaration, all Common Expenses, including, but not limited to, Common Expenses associated with the maintenance, repair and replacement of a Limited Common Element, and reserves for Common Expenses shall be assessed against all of the Townhomes and Units in accordance with Subsection a of this section. d. If any Common Expense is caused by the negligence or willful conduct, whether by act or omission, of any Owner, lessee, guest, or invitees, the Association shall assess that Common Expense exclusively against the Townhome or Unit owned by that Owner. e. Assessments to pay a judgment against the Association may be made only against the Townhomes and Units in the Property at the time the judgment was entered, in proportion to their Common Expense Liability. 8.5 Special Assessments In addition to Common Expense Assessments, the Association may levy in any fiscal year of the Association a special assessment applicable to that fiscal year only for the purpose of defraying, in whole or in part, the cost of any construction, reconstruction, repair, or replacement of and part of the Common Elements or those portions of the Residential Buildings for which the Association is responsible to maintain, including fixtures and personal property related thereto, or for any other lawful Association purpose, provided that any Special Assessment shall have first been approved by Owners representing two-thirds (2/3) of the votes in the Association and who are voting in person or by proxy at a meeting duly called for such purpose, and by Declarant during the Period of Declarant Control. Unless otherwise specified by the Board of Directors, Special Assessments shall be due thirty (30) days after they are levied by the Association and notice of the Special Assessment is given to the Owners. 8.6 Notice and Quorum for Any Action Authorized Under Section 8.5 Written notice of any meeting called for the purpose of obtaining the consent of the Members for any action for which the consent of Members is required under Section 8.5 shall be delivered to all Members not less than thirty (30) days or more than fifty (50) days in advance of the meeting. At the first such meeting called, the presence of Members or of proxies entitled to cast sixty percent (60%) of all the votes in the Association shall constitute a quorum. If the required quorum is not present no action shall be taken at such meeting. Another meeting may thereafter be called to consider the Special Assessment subject to the same notice requirement, but the required quorum at the subsequent meeting shall be one-half (1/2) of the required quorum Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 33 C.00643 at the preceding meeting. Any such subsequent meeting shall be held no more than fifty (50) days following the preceding meeting. 8.7 Effect ofNonpavrnent of Assessments: Remedies of the Association a. Any Assessment, or any installment of an Assessment, which is not paid within ten (10) days after the Assessment or any installment of an Assessment first became due, shall be deemed delinquent and shall bear interest from the date of the delinquency at the rate of eighteen percent (18%) per annum. In addition, the Board of Directors may establish and impose as an additional assessment a reasonable late fee to be charged to an Owner and assessed against his Townhome or Unit as part of the Assessment Lien for each installment of an Assessment that is deemed delinquent. b. All Assessments, fees, and other charges imposed or levied against any Townhome or Unit or Owner shall be secured by the Assessment Lien as provided for in this Declaration. The recording of this Declaration constitutes record notice and perfection of the Assessment Lien and no further recordation of any claim of lien shall be required. Although not required to perfect the Assessment Lien, the Association shall have the right, but not the obligation, to record a notice setting forth the amount of any delinquent Assessments, fees, or other charges imposed or levied against the Townhome or Unit or Owner which are secured by the Assessment Lien. c. The Association shall have the right, at its option, to enforce collection of any delinquent Assessments and all other fees and charges owed to the Association in any manner allowed by law, including, but not limited to: i. Bringing an action at law against the Owner personally obligated to pay the delinquent amounts which came due at the time he was the Owner thereof, which action shall be deemed to be without prejudice to or waiver of the Assessment Lien securing any such delinquent amounts; provided, however, that the personal obligation to pay delinquent Assessments which came due prior to the transfer of ownership shall not pass to successors in title; . ii. Foreclosing its Assessment Lien against the Townhome or Unit in the manner provided by law for the foreclosure of a realty mortgage, including specifically the power of foreclosure by advertisement and sale; and 111. Suspending voting rights as provided in the Bylaws. d. The Association shall have the power to bid in the indebtedness owed to the Association at any foreclosure sale and to purchase, acquire, hold, lease, mortgage and convey any and all Town or Unit Homes purchased at such sale. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 34 c.00644 8.8 Subordination of Assessment Lien to Mortgages All Assessment Liens shall be subordinate to the liens of any First Mortgages. Any First Mortgagee or any other party acquiring title or coming into possession of a Townhome or Unit through foreclosure of a First Mortgage, purchase at a foreclosure sale or trustee sale, or through any equivalent proceedings, such as, but not limited to, the taking of a deed in lieu of foreclosure, shall acquire title free and clear of any claims for unpaid Assessments and other charges and fees against the Townhome or Unit which became payable prior to such sale or transfer. Following foreclosure or sale, the Association's Assessment Lien shall be a continuing lien on any proceeds distributable or payable directly or indirectly to the previous Owner/obligor. Any delinquent Assessments, fees and other charges which are extinguished pursuant to this section may be reallocated and assessed to all Townhomes and Units as a Common Expense. Any Assessments, fees and other charges against the Townhome or Unit which accrue prior to such sale or transfer shall remain the personal obligation of the defaulting Owner. 8.9 Exemption of Owner No Owner. may exempt himself from liability for payment of Assessments, fees, and charges levied pursuant to the Townhome Documents or the Condominium Documents by waiver and/or nonuse of any of the Common Elements or by the abandonment of his Townhome or Unit. 8.10 Certificate ofPavment The Association, on written request, shall furnish to a lien holder, an Owner or Person designated by an Owner, a recordable statement setting forth the amount of unpaid Assessments against his Townhome or Unit. The statement shall be furnished within twenty (20) business days after receipt of the request and is binding on the Association, the Board of Directors, and every Owner. The Association may charge a reasonable fee in an amount established by the Board of Directors for each such statement. 8.11 No Offsets All Assessments and other fees and charges shall be payable in accordance with the provisions of this Declaration, and no offsets against such Assessments and other fees and charges shall be permitted for any reason, including, without limitation, a claim that the Association is not properly exercising its duties and powers as provided in the Townhome Documents and Condominium Documents. 8.12 Surplus Funds Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 35 Ü00645 Surplus funds of the Association remaining after payment of or provisions for Common Expenses and any prepayment of reserves may in the discretion of the Board of Directors either be returned to the Owners pro rata in accordance with each Owner's Common Expense Liability or be credited on a pro rata basis to the Owners to reduce each Owner's future Common Expense Liability. 8.13 Monetary Charges and Assessments In accordance with the procedures set forth in the Bylaws, the Board of Directors shall have the right to levy reasonable monetary charges, fees, and assessments against an Owner for violations of the Townhome Documents or Condominium Documents. 8.14 Reserves Fund Upon the closing of every sale of each Townhome and Unit, each Purchaser ~hall pay to the Association an amount equal to one-sixth (1/6) of the Common Expense Assessment for the Townhome or Unit for the twelve months following such closing (the "Reserves Fund Contribution") to establish a reserves fund to meet unforeseen expenditures, to purchase any additional equipment or services by or for the Association, or, on a temporary basis, to pay Association expenses such as insurance as they come due in the ordinary course in the event there are not sufficient funds in the Association's general accounts at the time of the due date to pay such expenses; provided, however, that the Board in its discretion shall reimburse the reserves fund for such expenses incurred from Annual Assessments as they are paid by Members. A Reserves Fund Contribution shall continue to be payable upon each subsequent sale of a Townhome or Unit. Funds paid to the Association pursuant to this Section may be used by the Association for payment of operating expenses or any other purpose permitted under this the Townhome documents or Condominium Documents. The amounts paid to the Association pursuant to this Section shall be nonrefundable and shall not be considered an advance payment of any Assessments levied by the Association pursuant to this Declaration. ARTICLE IX - INSURANCE 9.1 Scope of Coverage a. Commencing not later than the date of the first conveyance of a Townhome or Unit to a Purchaser, the Association shall maintain, to the extent reasonably available, the following insurance coverage: i. Property insurance on the Common Elements insuring against all risks of direct physical loss commonly insured against, in an amount detennined by the Board of Directors; provided, however, that the total amount of insurance shall not be less than one hundred percent (100%) of the current replacement cost of the insured property, Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums. Lincoln County, Wyoming Page 36 000646 exclusive of land, excavations, foundations and other items normally excluded from a master or blanket hazard and multi-peril property insurance policy; ii. To the extent available, property insurance on Townhomes, Units or portions thereof, as determined by the Board to be included in the insurance maintained under subsection (a), paragraph (i), however, such insurance need not include improvements installed by Owners or the personal property of Owners; lll. Comprehensive General Liability insurance, for a limit to be determined by the Board, but not less than $1,000,000.00 for any single occurrence and $2,000,000.00 general aggregate. Such insurance shall cover all occurrences commonly insured against for personal injury, death, bodily injury and property damage arising out of or in connection with the use, ownership or maintenance of the Common Elements; iv. Workmen's compensation insurance to the extent necessary to meet the requirements of the laws of Wyoming, v. Directors' and officers' liability insurance covering all the directors and officers of the Association in such limits as the Board of Directors may determine from time to time; vi. Blanket fidelity bonds for all officers, directors and employees of the Association and all other persons handling, or responsible for, funds of or administered by the Association; and vii. Such other insurance as the Association shall determine from time to time to be appropriate to protect the Association, the members of the Board of Directors, and/or the Owners. b. The insurance policies purchased by the Association shall, to the extent reasonably available, contain the following provisions: i. Each Owner shall be an insured under the policy with respect to liability arising out of his ownership of an undivided interest in the Common Elements or his membership in the Association. ii. There shall be no subrogation with respect to the Association, its agents, servants, its Board of Directors or officers thereof, and/or employees against Owners and members of their household. 111. No act or omission by any Owner, unless acting within the scope of his authority on behalf of the Association, shall void the policy or be a condition to recovery on the policy. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 37 000647 iv. The coverage afforded by such policy shall be primary and shall not be brought into contribution or proration with any insurance which may be purchased by Owners or their mortgagees or beneficiaries under deeds of trust. v. A "severability of interest" endorsement which shall preclude the insurer from denying the claim of an Owner because of the negligent acts of the Association or other Owners. vi. The Association shall be the insured for use and benefit of the individual Owners (designated by name if required by the insurer). vii. For policies of hazard insurance, a standard mortgagee clause providing that the insurance carrier shall notify the Association and each First Mortgagee named in the policy at least ten (I 0) days in advance of the effective date of any substantial change in coverage or cancellation of the policy. Vlll. Any Insurance Trust Agreement will be recognized by the insurer. ix. Such coverage shall not be contingent upon action by the insurance carrier's board of directors, policyholders or members or permit claims for contribution or assessments to be made against Owners or their Mortgagees. x. If the Townhome or Unit is located in an area identified by the Secretary of Housing and Urban Development as an area having special flood hazards, a "blanket policy" of flood insurance on the Property in the lesser of one hundred percent (I 00%) of the current replacement cost of the Buildings and any other property covered on the required form of policy or the maximum limit of coverage available under the National Insurance Act of 1968, as amended. xi. "Agreed Amount," and "Building Ordinance or Law" endorsements, except where expressly not applicable or not available. 9.2 Payment of Premiums Premiums for all insurance obtained by the Association pursuant to this Article and all deductibles thereunder shall be Common Expenses and shall be paid for by the Association. 9.3 Insurance Obtained by Owners/Non-Liabilitv of Association Each Owner or Lessee shall be solely responsible at their expense for obtaining and maintaining insurance to protect their real property interest in their Townhome or Unit and all of their personal property. Notwithstanding the obligation of the Association to obtain insurance coverage as stated in this Declaration, neither the Declarant nor the Association, or their Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 38 \:'00648 respective officers, directors, employees and agents, shall be liable to any Owner or any other party if any risks or hazards are not covered by the insurance to be 'maintained by the Association or if the amount of the insurance is not adequate, and it shall be the responsibility of each Owner to ascertain the coverage and protection afforded by the Association's insurance and to procure and pay for any additional insurance coverage and protection that the'Owner may desire. 9.4 Payment of Insurance Proceeds Any loss covered by property insurance obtained by the Association in accordance with this Article shall be adjusted with the Association and the insurance proceeds shall be payable to the Association and not to any mortgagee or beneficiary under a deed of trust. The Association shall hold any insurance proceeds in trust for Owners and lienholders as their interests may appear, and the proceeds shall be disbursed and applied in a fair and equitable manner. 9.5 Certificate ofInsurance An insurer that has issued an insurance policy pursuant to this Article of the Declaration shall issue certificates or memoranda of insurance to the Association and, on written request, to any Owner, mortgagee, or beneficiary under a deed of trust. The insurer issuing the policy shall not cancel nor refuse to renew it until thirty (30) days after notice of the proposed cancellation or non renewal has been mailed to the Association, each Owner, and each mortgagee or beneficiary under a deed of trust to whom a certificate or memorandum of insurance has been issued at their respective last known address. ARTICLE X - EMINENT DOMAIN & ANNEXATION 10.1 Notice and Negotiations In the event proceedings are initiated by any government or agency thereof, seeking to take by eminent domain the Common Elements, any part thereof or any interest therein, any improvement thereon, or any interest therein, with a value (including loss of value to the balance of the Common Elements and improvements thereof), as reasonably determined by the Association, in excess of Ten Thousand Dollars ($10;000), the Association shall give prompt notice thereof, including a description of the part of or interest in the Common Elements or improvement thereon sought to be so condemned, to all First Mortgagees of Townhomes or Units, all Members, and to the Declarant. The Association shall have full power and authority to defend in said proceedings, and to represent the Owners in any negotiations, settlements, and agreements with a condemning authority for acquisition of the Common Elements or part thereof, but the Association shall not enter into any such proceedings, settlement, or agreements, pursuant to which thé Common Elements or any part thereof or any interest therein, or any improvement thereon or any part thereof or interest therein is relinquished, without giving all Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 39 Ú'00649 First Mortgagees of Townhomes or Units, all Members, and Declarant at least fifteen (15) days' prior written notice thereof. 10.2 Award Proceeds In the event, following such proceedings, there is such a taking in condemnation or by eminent domain of a part or all of the Common Elements, the award made for such taking, shall be applied by the Association to such repair and restoration. Ifthe full amount of such award is not expended to repair and restore the Common Elements, the Association shall disburse the net proceeds of such award to the Owners, the Owner of each Townhome and Unit to receive one (1) equal share, except that any portion of the award attributable to the acquisition of a Limited Common Element shall be equally divided among the Owners to which the Limited Common Element was allocated at the time of the acquisition, and provided that the Association shall first payout of the share of each Owner the amount of any unpaid liens or encumbrances on his Townhome or Unit in the order of the priority of such liens or encumbrances. No provision of this Declaration or of any other document relating to the Properties shall be deemed to give an Owner or any other party priority over the rights of a First Mortgagee pursuant to a First Mortgage in the case of a distribution to an owner of insurance proceeds or condemnation award for losses to or taking of Townhomes, Units or Common Elements or any combination thereof. 10.3 Annexation to Town of Alpine. Wvoming. In the event that the Town of Alpine, Wyoming initiates annexation proceedings with respect to all or a part of the Property, each Owner, by acceptance of a deed to any portion of the Property shall be deemed to have consented to the proposed annexation, and shall be prohibited from opposing the proposed annexation, directly or indirectly. In the event that any owner breaches the covenant contained in this section, such Owner shall pay all of the costs, including reasonable attorney's fees, incurred by the Town of Alpine in addressing such opposition to annexation. ARTICLE XI - MANDATORY PROCEDURES 11.1 Consensus for Association Action a. Except as provided in this Article, the Association may not commence a legal proceeding or an action without the approval of at least two-thirds (2/3rds) of the votes of the Members eligible to vote. This Article shall not apply, however, to: i. Actions brought by the Association to enforce the prOVISIOns of the Townhome Documents or Condominium Documents, including, without limitation, the foreclosure of liens; 11. The imposition and collection of assessments; Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 40 111. Proceedings involving challenges to ad valorem taxation; or 000650 IV. against it. Counterclaims brought by the Association ill proceedings instituted b. Prior to the Association or any Member commencing any proceeding to which Declarant is a party, including but not limited to an alleged defect of any improvement, Declarant shall have the right to be heard by the Members, or the particular Member, and to access, inspect, correct the condition of, or redesign any portion of any improvement as to which a defect is alleged or otherwise correct the alleged dispute. 11.2 Alternative Method for Resolving Disputes Except for certain claims described in Section 11.3, Declarant and its officers, directors, employees and agents; the Association, its officers, directors and committee members; all Persons subject to this Declaration, including all Members of the Association; and any Person not otherwise subject to this Declaration but who agrees to submit to this Article (each such entity being referred to as a "Bound Party") covenants and agrees to submit all claims, grievances or disputes described in 11.3 (singularly, "Claim," and collectively, "Claims") to the procedures set forth in 11.4. 11.3 Claims a. Unless specifically exempted below, the following claims between any of the Bound Parties, regardless of how the same might have arisen or on what it might be based shall be subject to the provisions of 11.4: i. Claims arising out of or relating to the interpretation, application or enforcement of the Townhome Documents and Condominium Documents, or the rights, obligations and duties of any Bound Party under the Townhome Documents and Condominium Documents, 11. Claims relating to the design or construction of Improvements; or lll. Claims based upon any statements, representations, promises, warranties, or other communications made by or on behalf of any Bound Party. b. Notwithstanding the above, the following shall not be Claims required to be resolved using the provisions described in Section 11.4: i. Any suit by the Association against any Bound Party to enforce the provisions hereof pertaining to assessments; Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 41 (;00651 ii. Any suit by the Association or Declarant to obtain a temporary restraining order or injunction (or equivalent emergency equitable relief) and such other ancillary relief as the court may deem necessary in order to preserve the Declarant's or the Association's ability to act under and enforce the provisions of this Declaration as amended or supplemented, or to maintain the status quo and; 111. Any suit between or among Owners, which does not include the Declarant or the Association as a party, if such suit asserts a Claim which would constitute a cause of action independent of the Townhome Documents and Condominium Documents; and iv. Any suit in which any indispensable party (as defined pursuant to Wyoming Rules of Civil Procedure Rule 19 and court cases interpreting same) is not a Bound Party. With the consent of all parties hereto, any of the above identified in this Subpart b may be submitted to the alternative dispute resolution procedures set forth in 11.4. 11.4 Mandatory Procedures a. Notice. Any Bound Party having a Claim ("Claimant") against any other Bound Party ("Respondent") (the Claimant and the Respondent referred to herein being individually, as a "Party" or, collectively, as the "Parties") shall notify each Respondent in writing and within thirty (30) days of the claims arising (the "Notice"), stating plainly and concisely: i. The nature of the Claim; including the Persons involved and Respondent's role in the Claim; 11. The legal basis of the Claim; 111. The proposed remedy; and iv. The fact that Claimant will meet with Respondent to discuss in good faith ways to resolve the Claim. b. Negotiation and Mediation. i. The Parties shall make every reasonable effort to meet in person and confer for the purpose of resolving the Claim by good faith negotiation. If requested in writing, accompanied by a copy of the Notice, the Board may appoint a representative to assist the Parties in negotiation. ii. If the Parties do not resolve the Claim within thirty (30) days after the date of the Notice (or within such other period as may be agreed upon by the Parties) Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 42 Ü00652 ("Termination of Negotiations"), the Claim shall be determined by binding arbitration conducted pursuant to Subsection c of this Article 11.4. c. Binding Arbitration. i. If a Claim is not resolved through informal negotiation or mediation described in Subsection b above, such Claim shall not be decided by or in a court of law, but shall instead be resolved through binding arbitration as described below. ii. Arbitration shall be initiated by the Claimant delivering a written notice of Claim to the party against whom the Claim is made ("Respondent"), setting forth in detail each Claim to be resolved in arbitration and the factual basis for each such Claim. Respondent shall deliver a written response to Claimant within thirty (30) days including a confirmation or denial of all or part of the Claims made by the initiating party and a brief statement of the nature and circumstances of any prospective counterclaims. Failure to respond within the stated time shall not operate to delay the arbitration and, under such circumstances, it will be assumed that the claim is denied. 111. If the claimed amount exceeds $500,000, the dispute shall be heard and determined by three arbitrators selected as determined below. Otherwise, unless mutually agreed to by the parties, there shall be one arbitrator who shall be agreed upon by the parties to the arbitration or, failing agreement, appointed by the Wyoming State District Court Judge in Lincoln County, Wyoming. In all cases, Arbitrators shall have expertise in the area(s) of dispute, which may include legal expertise if legal issues are involved. iv. If the claimed amount exceeds $500,000, the Claimant shall select an arbitrator who may not be an employee, employer or owner, directly or indirectly of the Claimant. The name and address of the arbitrator thus selected shall be included in the demand for arbitration described in paragraph (ii) above. The Respondent(s) may also select an arbitrator, within the time required for response as described in paragraph (ii) above, who also shall not be an employee, employer or owner, directly or indirectly, of such party or parties; the name and address of such arbitrator shall be included in the response which shall be served not only on the Claimant but also upon the arbitrator . selected by the Claimant. The two arbitrators so chosen shall within. thirty (30) days following the selection of the last of the two arbitrators choose a third or "neutral" arbitrator, who shall be a licensed Wyoming attorney at law (who shall act as the presiding/administrative arbitrator for the proceedings herein described), whose name and address shall be submitted by notices hereinafter provided by all parties. In the event the Respondent(s) fails to select an arbitrator within the time specified, the arbitrator selected by the Claimant shall be designated as sole arbitrator. In the event the two arbitrators fail to agree on a third arbitrator, the third arbitrator will be selected by the Wyoming State District Court Judge in Lincoln County, Wyoming. The "neutral" or presiding arbitrator shall give notice to the parties and the other arbitrators of any circumstances likely to affect his or her impartiality in the arbitration, including but not limited to financial or Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 43 Û'00653 personal interests in the outcome of the arbitration and past or present relationships with any of the parties to the arbitration. v. The arbitration shall be conducted generally in accordance with the Rules of the American Arbitration Association unless the parties otherwise agree in writing. In . any event, the parties shall be entitled to reasonable and necessary discovery and mandatory exchanges of information generally in accordance with the Federal Rules of Civil Procedure (including local rules) for the District of Wyoming. In order to reduce costs and achieve efficiency, any party may initiate or participate in depositions, pre- hearing conferences or other proceedings, except the arbitration hearing itself, by telephone. vi. The arbitration shall be held in Lincoln County, Wyoming. All issues to be arbitrated shall be governed by the substantive law of the State of Wyoming. The Arbitrators shall not, in any instance, have the power to impose punitive or exemplary damages, and all claims for such damages are hereby waived. vii. Each party shall pay a pro-rata of the cost of the arbitration. Each party shall bear their own attorneys' fees, unless the right to recover attorneys' fees otherwise exists under contract, including this contract or applicable law. viii. All parties subject to or benefiting from this Declaration and any amendments or supplements hereto acknowledge that this agreement to arbitrate is a waiver of their right to resolve disputes in State and Federal Courts, except to enforce any arbitration award,. and a waiver of their right to a jury trial. ix. The award of the arbitrator(s) shall be accompanied by detailed written findings of fact and conclusions of law. Except as may be required by law or for confirmation of an award, neither a party nor an arbitrator may disclose the existence, content, or results of any arbitration hereunder without the prior written consent of both parties. x. Any judgment upon the award rendered by the arbitrator may be entered in and enforced by any court having jurisdiction over such Claim. xi. If a Party unsuccessfully contests the validity or scope of arbitration in a court of law, the non-contesting party shall be awarded reasonable attorney's fees and expenses incurred in defending such contest. xii. All decisions respecting the arbitrability of any Claim shall be decided by the arbitrator(s). Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 44 Ú'00654 11.5 Amendment of Article XI Without the express prior written consent of Declarant this Article XI may not be amended for a period of twenty years from the effective date of this Declaration. ARTICLE XII - GENERAL PROVISIONS 12.1 Enforcement The Association, or subject to limitations stated elsewhere in this Declaration, any Owner, shall have the right to enforce, by any proceeding at law or in equity, all restrictions, conditions, covenants, reservations, liens or charges now or hereafter imposed by the provisions of the Townhome Documents and Condominium Documents. Provided, however, that any Owner or Owners shall first, in writing, request the Board of Directors of the Association to enforce the particular right or restriction and shall allow thirty (30) days from the date of the written request for the Board to act. Should the Board fail to act after the thirty days has passed, the Owner or Owners may proceed subject to the Townhome Documents and Condominium Documents. Failure by the Association or by any Owner to enforce any covenant or restriction contained in the Townhome Documents and Condominium Documents shall in no event be deemed a waiver of the right to do so thereafter. 12.2 Severability Invalidation of anyone of these covenants or restrictions ·by judgment or court order shall in no way affect any other provisions which shall remain in full force and effect. 12.3 Amendment of Declaration a. Except as expressly provided elsewhere in this Declaration, the terms hereof may be amended by the Association; upon the affirmative vote of at least sixty-seven percent (67%) of the total votes held by Owners, and shall be made only by an instrument in writing signed by the President and Secretary of the Association and recorded in the office of the Lincoln County, Wyoming Clerk, within thirty (30) days after adoption of the amendment; provided, however, that during the Period of Declarant Control, any amendment or attempted revocation hereof must be approved in writing by the Declarant, which approval shall also be recorded. b. An amendment to the Declaration shall not terminate or decrease any unexpired rights reserved to the Declarant or the Period of Declarant Control unless the Declarant approves the amendment in writing. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 45 000655 c. Notwithstanding the above, during the Period of Declarant Control, Declarant shall have the right, without any vote or consent whatsoever, to amend this Declaration of its own volition and to make such changes as Declarant shall in its sole discretion deem proper, including changes to Common Elements. 12.4 Remedies Cumulative Each remedy provided herein is cumulative and not exclusive. 12.5 Notices a. All notices, demands, statements or other communications required to be given or served under this Declaration shall be in writing delivered personally or sent by United States mail, postage prepaid, addressed as follows: i. If to an Owner, at the address of the Owner maintained by the Lincoln County, Wyoming Assessor. An Owner may change his address on file with the Association for receipt of notices by delivering a written notice of change of address to the Association pursuant to this section. ii. If to the Association or the Declarant at such address as shall be designated by to the Board and delivered to the Owners from time to time. b. A notice given by U.S. mail (whether regular or certified or registered), shall be deemed to have been received by the person to whom the notice was addressed three days after the notice is mailed. If a Townhome or Unit is owned by more than one person, notice to one of the Owners shall constitute notice to all Owners of the same Townhome or Unit. c. Every Owner shall promptly notify the Association in writing of any subsequent change of address. 12.6 Binding Effect a. By acceptance of a deed or by acquiring any ownership interest in any portion of a Townhome or Unit, each Person, for himself his heirs, personal representatives, successors, transferees and assigns: (1) Binds himself, his heirs, personal representatives, successors, transferees and assigns, to all of the provisions, restrictions, covenants, conditions, easements, rules, and regulations now or hereafter imposed by the Townhome Documents and Condominium Documents and any amendments thereof. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 46 Ü00656 (2) Acknowledges that the Townhome Documents and Condominium Documents set forth a general scheme for the improvement and development of the Property and hereby evidences his interest that all the restrictions, conditions, covenants, easements, rules, and regulations contained' in the Townhome Documents and Condominium Documents shall run with the land and be binding on all subsequent and future Owners, grantees, purchasers, assignees, and transferees thereof. (3) Understands and acknowledges that the Townhome Documents and Condominium Documents shall be mutually beneficial, prohibitive and enforceable by the various subsequent and future Owners. (4) Irrevocably appoints the Declarant as such Person's attorney in fact for purpose of the Declarant's exercise of any Declarant Right described herein that might require the signature of such Person. b. Declarant, its successors, assigns and grantees, covenants and agrees that the Townhomes, Units and the membership in the Association and the other rights created by the Townhome Documents and Condominium Documents shall not be separated or separately conveyed and each shall be deemed to be conveyed or encumbered with its respective Townhome or Unit even though the description in the instrument of conveyance or encumbrance may refer only to the Townhome or Unit. 12.7 Gender The singular, wherever used in this Declaration, shall be construed to mean the plural when applicable, and the necessary grammatical changes required to make the provisions of this Declaration apply to either entities or individuals, or men or women, shall in all cases be assumed as though in each case fully expressed. 12.8 Topic Headings The marginal or topical headings of the sections contained in this Declaration are for convenience only and do not define, limit or construe the contents of the sections or of this Declaration. 12.9 Survival of Liability The termination of membership in the Association shall not relieve or release any such former Owner or Member from any liability or obligation incurred under, or in. any way connected with, the Association during the period of such ownership or membership, or impair any rights or remedies which the Association may have against such former Owner or Member Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 47 000657 arising out of, or in any way connected with, such ownership or membership and the covenants and obligations incident thereto. 12.1 0 Construction In the event of any discrepancies, inconsistencies or conflicts between the provisions of this Declaration and the Articles, Bylaws, or the Association Rules, the provisions of this Declaration shall control. 12.11 Joint and Several Liability In the case of joint ownership of a Townhome or Unit, the liabilities and obligations of each of the joint Owners set forth in, or imposed by, the Townhome Documents and Condominium Documents shall be joint and several. 12.12 Guests and Tenants Each Owner shall, to the extent permitted by Wyoming law, be responsible for compliance by his agents, tenants, guests, invitees, licensees and their respective servants, agents, and employees with the provisions of the Townhome Documents and Condominium Document. An Owner's failure to ensure compliance by such persons shall be grounds for the same action available to the Association or any other Owner by reason of such Owner's own noncompliance. 12.13 Attorneys' Fees In the event the Declarant, the Association or any Owner employs an attorney or attorneys to enforce an Assessment Lien or to collect any amounts due from an Owner or to enforce compliance with or recover damages for any violation or noncompliance with the Townhome Documents or Condominium Documents, the prevailing party in any such action shall be entitled to recover his reasonable attorneys' fees incurred in the action from the other party. 12.14 Number of Days In computing the number of days for purposes of any provision of the Townhome Documents and Condominium Documents, all days shall be counted including Saturdays, Sundays and holidays; provided, however, that if the fmal day of any time period falls on a Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomesand Condominiums Lincoln County, Wyoming Page 48 000658 Saturday, Sunday or holiday, then the final day shall be deemed to be the next day which is not a Saturday, Sunday or holiday. 12.15 Declarant's Disclaimer of Representations While Declarant has no reason to believe that any of the provisions contained in this Declaration are or may be invalid or unenforceable for any reason or to any extent, Declarant makes no warranty or representation as to the present or future validity or enforceability of any provisions of this Declaration. Any Owner acquiring a Townhome or Unìt in reliance on one or more of the provisions in this Declaration shall assume all risks of the validity and enforceability thereof and by acquiring the Townhome or Unit agrees to hold Declarant harmless therefrom. 12.16 No Absolute Liability No provision of the Townhome Documents or Condominium Documents shall be interpreted or construed as imposing on Owners strict liability for damage to the Common Elements or a Townhome or Unit. Owners shall only be responsible for damage to the Common Elements or Townhomes or Units caused by the Owners' negligence or intentional conduct, whether by act or omission. 12.17 Choice of Law. Venue. and Personal Jurisdiction This Declaration and all amendments and supplements hereto shall be governed by and construed in accordance with the laws of the State of Wyoming as though a contract entered into in the State of Wyoming. ~y acceptance of a deed or upon entering into a lease for a Townhome or Unit, every Person (i) consents to the personal jurisdiction of the State District Courts of the State of Wyoming, (ii) agrees that the sole venue of any court action brought hereunder shall be in the Ninth Judicial District Court or the Circuit Court of Teton County, Wyoming, and (iii) waives any right to a jury trial in such Courts. This paragraph shall not in any way limit any proceedings undertaken to enforce a judgment entered by the above-referenced Wyoming Courts in a state other than Wyoming. 12.18 Limitation Upon Liability of Declarant and Management Firm The Association and Owners shall and do fully indemnify and hold the Declarant and any Management Company retained by the Declarant harmless from all loss, cost, and expense, including reasonable attorney's fees, for injury or damages, whether caused by any latent condition of the property to be maintained and repaired by them, natural elements, other persons, or caused by any other reason whatsoever. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 49 000659 IN WITNESS WHEREOF, the Declarant has executed this Declaration on the day and year first above written. Declarant: Alpine Development Group, LLC, Wyoming limited liability company By: \-}:~=~ ~-_.. ... ---.-....-... Dannen Mavis, President of Vernon Properties, Inc. a corporation, Its Manager ~.-~_...........-............,. Mavis and California Master Declaration of Covenants, Condition~ and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 50 /IJ'- . STATE OF lffJd rð/2-)//ft ) COUNTY OF ¿;f1t-/ !-(/ /5 ¿f1315PéJ ~ ss. . I On this ?Þ( day of ~ , 200f) before me personally appeared ])/H/I}\ I eµ Ñ\A-\[ r,ç' , to me personally known, who, being by me duly sworn, did say that he is the President of Mavis & Vernon Properties, Inc., a California Corporation, which is the Manager of Alpine Development Group, LLC, and that said instrument was signed on behalf of and as the free act and deed of said limited liability company. Ø00660 Given under my hand and seal the date first above written. ðdAUb!~~~ .J" SEAL CLARENCE RUSSEll MCMILLIN Commission # 1600120 Notary Public - California ~ ,', San LuIs ObIspo County - My Comm. Expires Aug 9, 2009 . "':.o.! " ~. ._ .,.~,."-" ';,.. Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming Page 51 000661 EXHIBIT A ALLOCATED INTERESTS Townhome Lot S.F.1 Building Porch S.F. Combined Allocated Lot No. S.F. Areas S.F. Interest2 1 3838 2500 403 6,741 .109001827 2 2241 2212 152 4,605 .074462752 3 2295 1946 157 4,398 .071115566 4 4490 2500 403 7,393 .119544653 5 5025. 2349 171 7,545 .122002490 6 2308 2242 114 4,664 .075416781 7 4724 2349 171 7,244 .117135326 8 4352 2500 403 7.255 .117313196 9 2386 1946 157 4.489 .072587034 10 4606 2500 403 7,509 .121420370 Totals 36,265 23,044 2,534 61,843 1.0 . I S.F. means square footage. 2 Calculated by dividing the Combined Areas for a given lot by the Total Combined Areas for all lots. Exhibit A to Master Declaration of Covenants, Conditions and Restrictions for the Snake River Junction Townhomes and Condominiums Lincoln County, Wyoming