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HomeMy WebLinkAbout2014-11-07 Newberg Ltr Forwarding Declarations DAVID M NEWBERG ATTORNEY AT LAW 1940 So. Greeley St,Suite 105 Stillwater,MN 55082 651-439-0700 Fax 651-439-8892 November 7,2014 To Whom it may concern: RE: Pine Grove Gardens Dear Sir or Madam: The original Declarations for Pine Grove Gardens treated lots 1 through 6, Block 3 Pine Grove Gardens as additional real estate which could be added to the Association by the unilateral action of the Declarant. The rights of the Declarant transferred to St Croix Home Buyers, Inc.upon purchase of the property. Pursuant to the Declarations I have drafted the Second Supplemental Declaration to add Lots 1 through 5,Pine Grove Gardens 2nd Addition(formerly lots 1-6, Block 3 of Pine Grove Gardens)to the Association. Sincerely, ") rte: David M.Newberg -7 illl COMMON INTEREST COMMUNITY NO. 321 PLANNED COMMUNITY PINE GROVE GARDENS SECOND SUPPLEMENTAL DECLARATION This Second Supplemental Declaration(the"Supplemental Declaration") is made this /a-t4 day of /'L4 4.esn Zee'. ,2014 by St.Croix Home Buyers,Inc.,Minnesota Corporation successor to the Declarants rights of Pine Grove Development,LLC,a Minnesota limited liability company(the "Declarant"),pursuant to the provisions of Minnesota Statutes,Chapter 515B,known as the Minnesota Common Interest Ownership Act(the"Act"),and specifically pursuant to Section 515B.2-111 of the Act. WHEREAS,the Declaration of Pine Grove Gardens was recorded in the office of the County Recorder in and for Washington County,Minnesota,as Document No.3626538(the"Declaration"),and WHEREAS,the Declaration provides for the addition to Pine Grove Gardens of Additional Real Estate as defined in the Declaration,and grants to Declarant the unilateral authority to add said property,all in accordance with the Act,and WHEREAS,Declarant desires to add and incorporate into Pine Grove Gardens the Additional Real Estate legally described in Exhibit D attached hereto which Additional Real Estate includes 5 additional Units as described herein,and WHEREAS,the Declarant Control Period,as defined in the Declaration and the time for adding additional real estate has not terminated as of the date of this Supplemental Declaration,and neither the Property nor the above-referenced Additional Real Estate including any shoreland as defined in Minnesota Statutes Section 103F.205,and NOW THEREFORE,the undersigned hereby enacts this Supplemental Declaration,in accordance with the requirements of the Declaration and the Act,for the purpose of subjecting the Additional Real Estate described above to the Act as a part of Pine Grove Gardens,and hereby declares that said Additional Real Estate shall be held,sold,conveyed and occupied subject to the covenants, restrictions, easements,charges and liens provided for in the Declaration and this Supplemental Declaration,all of which shall be binding upon all person having or hereafter acquiring any right,tile or interest therein, including their heirs,personal representatives,grantees,successors and assigns. Unless otherwise specifically set forth herein,all words and terms used in this Supplemental Declaration shall have the same meaning set forth in the Declaration. A. IDENTIFICATION OF UNITS Section 2.1 of the Declaration shall be amended to read as follows: 2.1 Units. There are Twenty-five(25)Units,subject to the right of the Declarant to add additional units pursuant to Section 18. All Units are restricted exclusively to residential use. Each Unit constitutes a separate parcel of real estate. No additional Units may be created by the subdivision or conversion of Units pursuant to Section 5158.2-112 of the Act. The Unit identifiers and location of the Units are as shown on the Plat and on the re-plat of Lots 1 through 6,Block 3, Pine Grove Gardens,re-platted as Lots 1 through 5 and Outlot A,Pine Grove Gardens 2"d Addition and which are incorporated herein by reference. The Unit identifier for a Unit is its lot and block numbers and the subdivision name. B. REALLOCATION OF VOTING RIGHTS AND COMMON EXPENSE OBLIGATIONS Voting rights and Common Expense obligations are reallocated among all Units created by the Declaration and this Supplemental Declaration in accordance with the formulas set forth in Section 4.2 of the Declaration,effective as of the date of recording of this Supplemental Declaration. The Unit identifier of each Unit is set forth on Exhibit A attached hereto. C. DESCRIPTION OF LIMITED COMMON ELEMENTS Any Limited Common Elements created in the Additional Real Estate added by this Supplemental Declaration include those items contained in said Additional Real Estate which fall within the descriptions of Limited Common Elements contained in Section 3 of the Declaration or the Act. Said Limited Common Elements are allocated among the Units created in said Additional Real Estate pursuant to the allocation provisions contained in Section 3.2 of the Declaration, D. LEGAL DESCRIPTION OF PROPERTY AND ADDITIONAL REAL ESTATE Exhibit A to the Declaration containing the legal description of the Property shall be amended and replaced by Exhibit A attached hereto. All references to Exhibit A in the Declaration shall refer to Exhibit A attached hereto. Exhibit C to the Declaration containing the legal description of the Additional Real Estate shall be amended and replaced by Exhibit C Attached hereto. All references to Exhibit C in the Declaration shall refer to Exhibit C attached hereto. E. APPLICABILITY AND BINDING EFFECT Except as specifically modified by this Supplemental Declaration,the Declaration,as amended or supplemented,shall remain in full force and effect,and all of the rights, benefits, restrictions and obligations conferred by the Declaration,as amended or supplemented,shall apply to the Additional Real Estate added hereby and all Units created therein. IN WITNESS WHEREOF,the Declarant has executed this instrument the day and year first set forth above. St.Croix Home Buyers, Inc., a Minnesota Corporation By: 1 '.iii! ia!" Its: ler '' STATE OF MINNESOTA )ss. COUNTY OF WASHINGTON ) The foregoing instrument was acknowledged before me this I v 0.4 .day of.4141:4"..... 2014 by Norman Dupre III,the President of St.Croix Home Buyers,Inc,a Minnesota Corporation,on behalf of the corporation. qty ' ;_: DAVID P,1 NEWBERG 1016, NOTARY PUBLIC Notary Public MINNESOTA My Commission Expires Jan.31,2016 Drafted by:David M Newberg 1940 So.Greeley St. Suite 105 Stillwater, MN 55082 it COMMON INTEREST COMMUNITY NO.321 PINE GROVE GARDENS EXHIBIT ATO SECOND SUPPLEMENTAL DECLARATION LEGAL DESCRIPTION OF PROPERTY Lots 1 through 7 inclusive,Block 1; Lots 1 through 3 inclusive, Block 2;Lots 1 through 3 inclusive,Block 4; Lots 1 through 7 inclusive, Block 5;and Outlot A; Pine Grove Gardens,Washington County, Minnesota And Lots 1 through 5,and Outlot A,Pine Grove Gardens 2'd Addition,Washington County,Minnesota COMMON INTEREST COMMUNITY NO.321 PINE GROVE GARDENS EXHIBIT C TO SECOND SUPPLEMENTAL DECLARATION DESCRIPTION OF ADDITIONAL REAL ESTATE Lot 1, Block 6,Pine Grove Gardens,Washington County,Minnesota COMMON INTEREST COMMUNITY NO.321 PINE GROVE GARDENS EXHIBIT D TO SECOND SUPPLEMENTAL DECLARATION LEGAL DESCRIPTION OF ADDITIONAL REAL ESTATE ADDED BY THIS SUPPLEMENTAL DECLARATION Lots 1 through 5 and Outlot A,Pine Grove Gardens 21'd Addition,Washington County,Minnesota (formerly part of Lots 1 through 6,Block 3,Pine Grove Gardens,Washington County, Minnesota) 3626538 I, j i H i • I Office of the County Recorder Washington County,MN _ aed an n: dtor recorded o 1/24/2007 12:31 PM 1\ Oocwn.m:cac see.op ENTERED IN TRANSFER RECORD • ' ' 3626538 eyW SHINGTON CQ TYa/ j SOTA e Ream ta r�dt LAND TITLE-RECORDINGS/ LAKE ROAD F 'RO RKE,AUDIT* -TREASURER SUITE 200 r BY _ . dA I A - ad1 NEW ORIGHTON MN 551 t2 DEPUTY - (Above Space Reserved for Recording Data) COMMON INTEREST COMMUNITY NO.321 Planned Community PINE GROVE GARDENS RETURNS T7 , DECLARATION 1Atil T U,, INC. nn 'his Decl ation is made in the County of Washington, State of Minnesota, on this NV day of J pv rgETL , 20 04, by Pine Grove Development, LLC, a Minnesota limited liability company (the "Declarant"), pursuant to the provisions of Minnesota Statutes Chapter 515B, known as the Minnesota Common Interest Ownership Act (the "Act"), for the purpose of creating Pine Grove Gardens as a planned community under the Act. WHEREAS, Declarant is the owner of certain real property located in Washington County, Minnesota, legally described.in Exhibit A attached hereto, and Declarant desires to submit said real property and all improvements thereon (collectively the "Property")to the Act as a planned community, and WHEREAS, Declarant also owns or may acquire, and add to the Property, the real property legally described in Exhibit C attached hereto(the"Additional Real Estate'),and WHEREAS, Declarant desires to establish on the Property, and any Additional Real Estate added thereto, a plan for a permanent residential community to be owned, occupied and operated for the use, health, safety and welfare of its resident owners and occupants, and for the purpose of preserving the value,the quality and the character of the Property,and WHEREAS, the Property (i) is not subject to an ordinance referred to in Section 5158.1-106 of the Act, governing conversions to common interest ownership; (ii) is not subject to a master association as defined in the Act; and(iii)does not include any shoreland, as defined in Minnesota Statutes Section 103F.205. • MPL3-Word 129293.2 • , THEREFORE,Declarant subjects the Property to this Declaration under the name"Pine Grove Gardens," initially consisting of the Units referred to in Section 2, declaring that this Declaration shall constitute covenants to run with the Property, and that the Property, and all Additional Real Estate added thereto, shall be owned, used, occupied and conveyed subject to the covenants, restrictions, easements, charges and liens set forth herein, all of which shall be binding upon all persons owning or acquiring any right, title or interest therein, and their heirs, personal representatives,successors and assigns. SECTION 1 DEFINITIONS The following words when used in the Governing Documents shall have the following meanings(unless the context indicates otherwise): 1.1 "Act"means the Minnesota Common Interest Ownership Act,Minnesota Statutes Chapter 515B,as amended now and in the future. 1,2 "Additional Real Estate" means the real property legally described in Exhibit C attached hereto, including all improvements located thereon now or in the future, and all easements and rights appurtenant thereto, which property Declarant owns or has the right to acquire and add to the common interest community, 1.3 "Assessments" means and refers to all assessments levied by the Association pursuant to Section 6. 1.4 "Association" means Pine Grove Gardens Association, a nonprofit corporation which has been created pursuant to Minnesota Statutes Chapter 317A and Section 515B.3-101 of the Act,whose members consist of all Owners. 1.5 "Board" means the Board of Directors of the Association as provided for in the Bylaws. 1.6 `Bylaws" means the Bylaws governing the operation of the Association, as amended from time to time. 1.7 "City"means the City of Oak Park Heights,Minnesota. 1.8 "Common Elements"means all parts of the Property including private streets and other improvements thereto, except the Units. The Common Elements are legally described in Exhibit B attached hereto. 1.9 "Common Expenses"means all expenditures made or liabilities incurred by or on behalf of the Association and incident to its operation, including Assessments and items otherwise identified as Common Expenses in this Declaration or the Bylaws. MPLS-Word 129293.2 • • 1.10 "Declarant Control Period"means the time period during which Declarant has the exclusive right to appoint the members of the Board,as described in Section 17.7. • 1.11 "Dwelling" means a building or part thereof consisting of one or more floors, designed and intended for occupancy as a single family residence, and located within the boundaries of a Unit. The Dwelling includes any garage attached thereto or otherwise included within the boundaries of the Unit in which the Dwelling is located. 1.12 "Eligible Mortgagee" means any Person owning a mortgage on any Unit, which mortgage is first in priority upon foreclosure to all other mortgages that encumber such Unit, and which has requested the Association, in writing, to notify it regarding any proposed action which requires approval by a specified percentage of Eligible Mortgagees. 1.13 "Governing Documents"means this Declaration,and the Articles of Incorporation and Bylaws of the Association, as amended from time to time, all of which shall govern the use and operation of the Property. 1.14 "Limited Common Elements"means a portion of the Common Elements allocated by this Declaration or by operation of Section 515B.2-102(d)or(f) of the Act for the exclusive use of one or more but fewer than all of the Units. 1.15 "Member" means all Persons who are members of the Association by virtue of being Owners as defined in this Declaration. The words"Owner"and"Member" may be used interchangeably in the Governing Documents. 1.16 t"means any Person or Persons, other than an Owner, in possession of or residing in a Unit. 1.17 "Owner" means a Person who owns a Unit, but excluding contract for deed vendors,mortgagees, holders of reversionary or remainder interests in life estates and other secured parties within the meaning of the Act. The term "Owner" includes,without limitation,contract for deed vendces and holders of a life estate. 1.18 "Person" means a natural individual, corporation, limited liability company, partnership,trustee,or other legal entity capable of holding title to real property. 1.19 "Plat" means the recorded plat depicting the Property pursuant to the requirements of Section 515B.2-110(d)of the Act,and satisfying the requirements of Minnesota Statutes Chapter 505, 508 or 508A, as applicable, including any • amended or supplemental Plat recorded from time to time in accordance with the • Act. 1.20 "Property"means all of the real property subjected to this Declaration, now or in the future, including the Dwellings and all other structures and improvements located thereon. The Property is legally described in Exhibit A attached hereto. MPLS Word 1292912 3 1. • 1.21 "Rules and Regulations" means the Rules and Regulations of the Association as approved from time to time pursuant to Section 5.6. 1.22 "Unit"means any platted lot subject to this Declaration upon which a Dwelling is located or intended to be located, as described in Section 2.1 and shown on the Plat,including all improvements thereon,but excluding the Common Elements. Any terms used in the Governing Documents, and defined in the Act and not in this Section, shall have the meaning set forth in the Act. References to section numbers shall refer to sections of this Declaration, unless otherwise indicated. References to the singular may refer to the plural,and conversely,depending on context. SECTION 2 DESCRIPTION OF UNITS,BOUNDARIES AND.RELATED EASEMENTS 2.1 Units. There are ten(10)Units,subject to the right of Declarant to add additional Units pursuant to Section 18. All Units are restricted exclusively to residential use. Each Unit • constitutes a separate parcel of real estate. No additional Units may be created by the subdivision or conversion of Units pursuant to Section 515B.2-1 12 of the Act. The Unit identifiers and locations of the Units are as shown on the Plat, which is incorporated herein by reference. The Unit identifier for a Unit is its lot and block numbers and the subdivision name. 2.2 Unit Boundaries. The front, rear and side boundaries of each Unit_shall be the boundary lines of the platted lot upon which the Dwelling is located or intended to be located,as shown on the Plat. The Units shall have no upper or lower boundaries. Subject to this Section 2 and Section 3, all spaces, walls, and other improvements within the boundaries of a Unit are a part of the Unit. 2.3 Appurtenant Easements. The Units shall be subject to and benefited by the easements described in Section 13. SECTION 3 COMMON ELEMENTS,LIMITED COMMON ELEMENTS • AND OTHER PROPERTY 3.1 Common Elements. The Common Elements and their characteristics are as follows: • 3.1.1 All of the Property not included within the Units constitutes Common Elements. The Common Elements.include,but are not limited to, the private streets and other areas or items listed in this Section 3, and those parts of the Property described in Exhibit B attached hereto or designated as Common Elements in the Act. The Common Elements are owned by the Association for the benefit of the Owners and Occupants. 3.1.2 . The Common Elements shall be subject to (i) easements as described in this Declaration and any other easements recorded against the Common Elements; (ii)the MPLS-Word 129293.2 4 rights of Owners and Occupants in Limited Common Elements allocated to their respective Units; and (iii) the right of the Association to establish reasonable Rules and Regulations governing the use of the Property. 3.2 Limited Common Elements. The Limited Common Elements are those parts of the Common Elements reserved for the exclusive use of the Owners and Occupants of the Units to which they are allocated. The rights to the use and enjoyment of the Limited Common Elements are automatically conveyed with the conveyance of such Units. The Limited Common • Elements are described and allocated to the Units,as follows: 3.2.1 Chutes, flues, ducts, pipes, wires, conduit or other utility installations, bearing walls, bearing columns, or any other components or fixtures located wholly or partially outside the Unit boundaries, and.serving only a certain Unit or Units, are allocated to the Unit or Units which they serve. Any portion of such installation serving or affecting the function of the Common Elements is part of the Common Elements. 3.2.2 Improvements, if any, such as decks, patios, porches, balconies, shutters, awnings, exterior doors and windows, window boxes, chimneys, driveways, walks, doorsteps or stoops,constructed as part of the original construction to serve a single Unit or Units, and replacements and modifications thereof authorized pursuant to Section 8, and located wholly or partially outside the Unit boundaries, are allocated to the Unit or Units which they serve. 3.2.3 Heating, ventilating or air conditioning equipment serving only a certain Unit or Units,and located wholly or partially outside the Unit boundaries, are allocated to the Unit or Units served by such equipment. 3.3 Annexation of Other Property. In addition to the Additional Real Estate, other real property may be annexed to the common interest community as Units or Common Elements, or any combination thereof,and subjected to this Declaration,in accordance with procedures and requirements set forth in the Act. SECTION 4 ASSOCIATION MEMBERSHIP:RIGHTS AND OBLIGATIONS Membership in the Association,and the allocation to each Unit of a portion of the votes in the Association and a portion of the Common Expenses of the Association,shall be governed by the following provisions: 4.1 Membership. Each Owner shall be a Member solely by reason of owning a Unit, and the membership shall be transferred with the conveyance of the Owner's interest in the Unit. An Owner's membership shall terminate when the Owner's ownership terminates. When more than one Person is an Owner of a Unit, all such.Persons shall be Members, but multiple ownership of a Unit shall not increase the voting rights allocated to such Unit nor authorize the division of the voting rights. " I MPLS-Word 1292932 5 • • 4.2 Voting and Common Expenses. Each Unit is assigned one vote. Common • Expense obligations (subject to Sections 6.4 and 6.7) are allocated equally among the Units. Said rights and obligations shall be automatically reallocated on the same basis among all Units as and if additional Units are added to the Property. 4.3 Appurtenant Rights and Obligations. The ownership of a Unit shall include the voting rights and Common Expense obligations described in Section 4.2. Said rights and obligations, and the title to the Units, shall not be separated or conveyed separately, and any conveyance, encumbrance, judicial sale or other transfer of any allocated interest in a Unit, separate from the title to the Unit shall be void. The allocation of the rights and obligations described in this Section shall not be changed, except in accordance with the Governing Documents and the Act. 4.4 Authority to Vote. The Owner,or some natural person designated to act as proxy on behalf of the Owner,and who need not be an Owner,may cast the vote allocated to such Unit at meetings of the Association. However,if there are multiple Owners of a Unit,only the Owner or other Person designated pursuant to the provisions of the Bylaws may cast such vote. The voting rights of Owners are more fully described in Section 3 of the Bylaws. SECTION 5 ADMINISTRATION The administration and operation of the Association and the Property, including but not limited to the acts required of the Association,shall be governed by the following provisions: 5.1 going. The operation and administration of the Association and the Property shall be governed by the Governing Documents, the Rules and Regulations and the Act. The Association shall,subject to the rights of the Owners set forth in the Governing Documents and the Act, be responsible for the operation, management and control of the Property. The Association shall have all powers described in the Governing Documents,the Act and the statute under which the Association is incorporated. All power and authority of the Association shall be vested in the Board, unless action or approval by the individual Owners is specifically required by the Governing Documents or the Act. All references to the Association shall mean the Association acting through the Board,unless specifically stated to the contrary. 5.2 Optional Purposes. The Association shall operate and manage the Property for the purposes of(i)administering and enforcing the covenants, restrictions, easements, charges and liens set forth in the Governing Documents and the Rules and Regulations; (ii)maintaining, repairing and replacing those portions of the Property and other property for which it is responsible;and(iii)preserving the value and the architectural character of the Property. 5.3 Binding Effect of Actions. All agreements and determinations made by the Association in accordance with the powers and voting rights established by the Governing Documents or the Act shall be binding upon all Owners and Occupants,and their lessees,guests, heirs, personal representatives, successors and assigns, and all secured parties as defined in the Act. MPLS-Word 129293.2 6 • I • ' l 5.4 Bylaws. The Association shall have Bylaws. The Bylaws shall govern the operation and administration of the Association, and shall be binding on all Owners and Occupants. 5.5 Management. The Board may delegate to a manager or managing agent the management duties imposed upon the Association's officers and directors by the Governing Documents and the Act. However,such delegation shall not relieve the officers and directors of the ultimate responsibility for the performance of their duties as prescribed by the Governing Documents and by law. 5.6 Rules and Regulations. The Board shall have exclusive authority to approve and implement such reasonable Rules and Regulations as it deems necessary from time to time for the purpose of operating and administering the affairs of the Association and regulating the use of the Property; provided, that the Rules and Regulations shall not be inconsistent with the Governing Documents or the Act. The inclusion in other parts of the Governing Documents of authority to approve Rules and Regulations shall be deemed to be in furtherance, and not in limitation,of the authority granted by this Section. New or amended Rules and Regulations shall be effective only after reasonable notice thereof has been given to the Owners. 5.7 Association Assets: Surplus Funds. All funds and real or personal property acquired by the Association shall be held and used for the benefit of the Owners for the purposes stated in the Governing Documents. Surplus funds remaining after payment of or provision for Common Expenses and reserves shall be credited against future Assessments or added to reserves,as determined by the Board. 5.8 Resale Disclosure Certificates. Pursuant to Section 515B.4-107 of the Act,in the event of a resale of a Unit by an Owner other than Declarant, that Owner shall furnish to the purchaser a resale disclosure certificate containing the information required by Section 515B.4- 107(b) of the Act. Pursuant to Section 51SB.4-107(d) of the Act, the Association shall, within ten days after a request by an Owner or the Owner's authorized representative, furnish the resale disclosure certificate. The Association may charge a reasonable fee for furnishing the resale disclosure certificate and any documents related thereto. SECTION 6 ASSESSMENTS 6.1 general. Assessments shall be determined and assessed against the Units by the Board,in its discretion, subject to the requirements and procedures set forth in this Section 6 and the requirements of the Bylaws. Assessments shall include annual Assessments under Section 6.2, and may include special Assessments under Section 6.3 and limited Assessments under Section 6.4. Annual and special Assessments shall be allocated among the Units in accordance with the allocation formula set forth in Section 4.2. Limited Assessments under Section 6.4 shall be allocated to Units as set forth in that Section. 6.2 Annual Assessments. Annual Assessments shall be established and levied by the Board, subject to the limitations set forth hereafter. Each annual Assessment shall cover all of the anticipated Common Expenses of the Association for that year which are to be shared by all MP1S•Word 1292932 7 } I Units in accordance with the allocation formula set forth in Section 4.2. Annual Assessments shall be payable in equal monthly or quarterly installments,as established by the Board. Annual Assessments shall provide,among other things, for an adequate reserve fund for the replacement of the Common Elements and those parts ent is funded by for imited AssessmA Association pursuant to Section except to the extent that the replacement 6.4. 6.3 Special Assessments. In addition to annual Assessments, and subject to the le limitations set forth hereafter,the Board may levy in any Assessment year a special Assessment , and for the against all Units in accordance with the allocation formula set forth Section nts shall be usee purposes described in this Declaration. Among other things, special Assessm for the purpose of defraying in whole or in part the cost of any unforeseen and unbudgeted Common Expense. 6.4 f tmited Assam• In addition to annual Assessments and special Assessments,the Board has the authority to levy and allocate limited Assessments among one or more,but not all,Units in accordance with the following requirements and procedures' 6.4.1 Any Common Expense associated with the maintenance, repair, or replacement of a Limited Common Element shall be assessed exclusively against or Units to which that Limited Common Element is allocated, equally,by actual cost per Unit or by such other reasonable allocation as may be approved by the Board. 6.4.2 Any Common Expense benefiting fewer than all of the Units but not falling within Section 6.4.1 may,at the Board's discretion,be assessed against the Unit or Units'benefited equally,by actual cost per Unit or by such other reasonable allocation as may be approved by the Board. 6.4.3 The costs of insurance may be assessed equally or by actual cost per Unit, and the costs of common utilities may be assessed equally, in proportion to usage or by such other reasonable,allocation as may be approved by the Board. 6.4.4 Reasonable attorneys' fees and other professional fees and costs incurred by the Association in connection with (1)the collection of Assessments, and (ii)the enforcement of the Governing Documents, the Act,or the Rules and Regulations against an Owner or Occupant or their guests,may be assessed against the Owner's Unit. 6.4.5 Late charges,fines and interest may be assessed as provided in Section 14. 6.4.6 Assessments levied under Section 515B.3-116(a) of the Act to pay a judgment against the Association may be levied only against the Units existing at the time the judgment was entered,in proportion to their Common Expense liabilities. 6.4.7 If any damage to the Common Elements or another Unit or any portion of the Owner's Unit that the Association is obligated to maintain hereunder is caused by the act or omission of an Owner or Occupant,or their guests,the Association may assess the costs of repairing the damage exclusively against the Owner's Unit to the extent not covered by insurance. MPLS-word 129293.2 8 . 6.4.8 If Common Expense liabilities are reallocated for any purpose authorized by the Act, Assessments and any installment thereof not yet due shall be recalculated in accordance with the reallocated Common Expense liabilities. Assessments levied under Sections 6.4.1 through 6.4.7 may, at the Board's discretion, be assessed as a part of,or in addition to,other Assessments levied under Section 6.1 or 6.2. 6.5 Working Capital Fund. There shall be established a working capital fund to meet unforeseen expenditures or to purchase additional equipment or services for the Association. The Board may include in each subsequent annual budget a reasonable amount of working capital,based upon the anticipated needs of the Association for the year in question. There shall be contributed, on a one-time basis for each Unit sold by Declarant, an amount equal to two months installments of the estimated annual Assessments for the Unit. The contribution shall be paid by the purchasers of the Units at the time of closing of the initial sales of the Units by Declarant. The contributions to this fund are in addition to the regular installments of annual Assessments. The funds, including an advance by Declarant of uncollected contributions for unsold Units, shall be deposited into a segregated Association account no later than the termination of the Declarant Control Period. Funds deposited in said account shall not be used to defray any of Declarant's expenses, reserve contributions or construction costs, nor to make up any budget deficits during the Declarant Control Period. However,upon the closing of the initial sale of a Unit, Declarant may reimburse itself from funds collected from the purchaser at the. closing for any prior contributions made by Declarant to the working capital fund with respect to that Unit. 6.6 Liability of Owners for Assessments. The Owner of the Unit at the time an Assessment is payable with respect to the Unit shall be personally liable for the share of the Common Expenses assessed against such Unit. Such liability shall be joint and several where there are multiple Owners of the Unit. Subject to Section 6.7, the liability is absolute and unconditional and no Owner is exempt from liability for payment of Assessments by right of set- off, by waiver of use or enjoyment of any part of the Property,by absence from or abandonment of the Unit, by the waiver of any other rights,or by reason of any claim against the Association or its officers, directors or agents, or for their failure to fulfill any duties under the Governing • Documents or the Act. 6.7 Declarant's Liability for Assessments. Pursuant to Section 515B.3-115(a) of the Act,Declarant's liability for Assessments shall be subject to the following limitations. 6.7.1 Notwithstanding anything to the contrary in the Governing Documents, if - an Assessment has been levied, Declarant may elect to have any unsold Unit owned by it assessed at the rate of twenty-five percent of the Assessments (exclusive of replacement reserves) levied on that Unit and other similarly situated Units until a certificate of occupancy or comparable City approval has been issued with respect to the Dwelling located within such Unit. 6.7.2 The provisions of Section 6.7.1 shall not affect the share of replacement reserves for Units owned by Declarant, which reserves must be funded by Declarant as required by Section 515B.3-115 of the Act. However, there are no assurances that MPLS-Word 129293.2 9 • • Declarant's reduced Assessment obligation will not affect the level of services for other items set forth in the Association's budget. In the event that Declarant pays a reduced Assessment in accordance with Section 6.7.1, Declarant shall be obligated, within sixty days following the termination of the Declarant Control Period,to make up any operating deficit incurred by the Association during the Declarant Control Period. 6.7.3 Declarant's reduced Assessment obligation shall apply to each Unit owned by Declarant at the time that any Assessment is levied against the Unit, and shall terminate with respect to each such Unit upon the issuance of a certificate of occupancy or comparable City approval with respect to the Dwelling located within such Unit. 6.8 Assessment Lien. The Association has a lien on a Unit for any Assessment levied against that Unit from the time the Assessment becomes due. If an Assessment is payable in installments, the full amount of the Assessment is a lien from the time the first installment thereof becomes due. Fees, charges, late charges, fines and interest charges imposed by the Association pursuant to Section 515B.3-102(ax10), (11) and (12) of the Act are liens, and are enforceable as Assessments, under this Section 6. Recording of this Declaration constitutes record notice and perfection of any lien under this Section 6, and no further recordation of any notice of or claim for the lien is required. The release of the lien shall not release the Owner from personal liability unless agreed to in writing by the Association. 6.9 Foreclosure of Lien: Remedies. A lien for Assessments may be foreclosed against a Unit under the laws of the State of Minnesota(1)by action,or(ii)by advertisement in a like manner as a mortgage containing a power of sale. The Association, or its authorized representative, shall have the power to bid in at the foreclosure sale and to acquire, hold, lease, mortgage and convey any Unit so acquired. The Owner and any other Person claiming an interest in the Unit, by the acceptance or assertion of any interest in the Unit, grants to the Association a power of sale and full authority to accomplish the foreclosure. The Association shall, in addition to its other remedies, have the right to pursue any other remedy at law or in equity against the Owner who fails to pay any Assessment or charge against the Unit. 6.10 Lien Priority; Foreclosure. A lien for Assessments is prior to all other liens and encumbrances on a Unit except (i)liens and encumbrances recorded before this Declaration; (ii)any first mortgage on the Unit; and (iii)liens for real estate taxes and other governmental assessments or charges against the Unit. Notwithstanding the foregoing,if(i)a first mortgage on a Unit is foreclosed; (ii) the first mortgage was recorded on or after the date of recording of this Declaration; and (iii) no Owner redeems during the Owner's period of redemption provided by Minnesota Statutes Chapters 580, 581, or 582,then the holder of the sheriff's certificate of sale " from the foreclosure of the first mortgage shall take title to the Unit subject to a lien in favor of the Association for unpaid Assessments or installments thereof levied pursuant to Sections 515B.3-115(a), (e)(l) to (3), (f) and (i) of the Act which became due, without acceleration, during the six months immediately preceding the first day following the end of the Owner's period of redemption. • 6.11 Real Estate Taxes and Assessments. Real estate taxes, special assessments, and other charges and fees'which may be levied against the Common Elements by governmental authorities, shall be allocated equally among and levied against the Units, and shall be a lien MPLS-Word 129293.2 10 • • against each Unit in the same manner as a lien for real estate taxes and special assessments levied against the Unit alone. 6.12 Voluntary Conveyances; Statement of Assessments. In a voluntary conveyance of a Unit,the buyer shall not be personally liable for any unpaid Assessments and other charges made by the Association against the seller or the,seller's Unit prior to the time of conveyance to the buyer, unless expressly assumed by the buyer. However, the lien of such Assessments shall remain against the Unit until released. Any seller or buyer shall be entitled to a statement, in recordable form, from,the Association setting forth the amount of the unpaid Assessments against the Unit, including all Assessments payable in the Association's current fiscal year, which statement shall be binding on the Association,seller and buyer. SECTION 7 • RESTRICTIONS ON USE OF PROPERTY All Owners and Occupants,and all secured parties, by their acceptance or assertion of an interest in the Property, or by their occupancy of a Unit, covenant and agree that, in addition to any other restrictions which may be imposed by the Act or the Governing Documents, the occupancy, use, operation, alienation and conveyance of the Property shall be subject to the following restrictions: 7.1 General. The Property shall be owned, conveyed, encumbered, leased, used and occupied subject to the Governing Documents, the Rules and Regulations and the Act, as amended from time to time. All covenants, restrictions and obligations set forth in the Governing Documents are in furtherance of a plan for the Property, and shall run with the Property and be a burden and benefit to all Owners and Occupants and to any other Person acquiring or owning an interest in the Property, their heirs,personal representatives, successors and assigns. 7.2 Certain Subdivisions and Conveyances Prohibited. Except as permitted by this Declaration, no Unit nor any part of the Common Elements may be subdivided or partitioned without the prior written approval of all Owners and all secured parties holding first mortgages on the Units. 7.3 Residential Use. The Units shall be used by Owners and Occupants and their guests exclusively as private, single family residential dwellings, and not for transient, hotel, commercial, business or other non-residential purposes, except as provided in Section 7.4. Any - lease of a Unit(except for occupancy by guests with the consent of the Owner) for a period of less than ninety days, or any occupancy which includes services customarily furnished to hotel guests, shall be presumed to be for transient purposes. The number of occupants per Unit may be restricted in accordance with any applicable municipal ordinances and standards acceptable under applicable federal and state Iaw. • 7.4 Business Usc jtestricted. No business, trade, occupation or profession of any kind, whether carried on for profit or otherwise, shall be conducted, maintained or permitted in • any Unit or the Common Elements,except: MPLS-Word 129293.2 11 • • • y • 7.4.1 An Owner or Occupant may maintain a home occupation in such Owner or Occupant's Dwelling; provided, that such use (i)is incidental to the residential use; (ii)does not involve physical alteration of the Dwelling or Unit visible from the exterior; (iii)is in compliance with all governmental laws, ordinances and regulations; (iv)does not involve observable business activity such as signs, advertising displays, unusual numbers of deliveries,or unusual levels of pedestrian or vehicular traffic to and from the Unit; (v) does not involve employees;and (vi)does not otherwise involve activity which disturbs the quiet enjoyment of the Property by other Owners or Occupants. 7.4.2 The Association may maintain offices on the Property for management' and related purposes. 7.4.3 Declarant may maintain offices,models,sales facilities and other business facilities on the Property in connection with the exercise of its declarant rights reserved herein. 7.5 L asi g. Leasing of Units shall be allowed, subject to reasonable regulation by the Association, and subject to the following conditions: (i)no Unit shall be leased for transient or hotel purposes; (ii)no Unit may be subleased;(iii)a Unit must be leased in its entirety(not by room)unless simultaneously occupied by the Owner; (iv)the lease shall be in writing;(v)unless otherwise required in connection with the financing,guarantee or insuring of a Unit mortgage,no lease shall be for a period less than three or more than 12 months, except for extenuating situations approved by the Board; and (vi)the lease shall provide that it is subject to the Governing Documents,the Rules and Regulations and the Act, and that any failure of the lessee to comply with the terms of such documents shall be a default under the lease. The Association may impose such reasonable Rules and Regulations as may be necessary to implement non- discriminatory procedures for the leasing of Units, consistent with this Section and applicable law. 7.6 Serge and Par ing. Personal property may not be stored,displayed or otherwise left outside the Units,except as authorized by the Board The streets, walkways, driveways and portions of the Common Elements used for access to and from the Units, may not be obstructed, or used for parking, storage, activities or any purpose other than access and authorized parking. Garages and parking areas on the Property shall be used only for parking of vehicles owned or leased by Owners and Occupants and their guests, and such other incidental uses as may be authorized by this Declaration or in writing by the Board. The use of garages and driveways on the Property,and the types of vehicles and personal property permitted thereon,shall be subject to regulation by the Association, including without limitation the right of the Association to tow - illegally parked vehicles or to remove unauthorized personal property. 7.7 Pets. Only dogs, cats, small birds and fish, and other animals generally recognized as domestic household pets (collectively referred to as "pets") may be kept on the Property,subject to the conditions set forth in this Section. 7.7.1 Rules and Regulations may be adopted by the Association to regulate pets on the Property;including, but not limited to the type and number of pets allowed to kept in a Dwelling. MPLS-Word 129293.2 12 • • • 7.7.2 Pets shall be kept solely as domestic household pets and/or as statutorily .• authorized "service animals" used by handicapped persons, and not for any other purpose. No animal of any kind shall be raised or bred, or kept for business or commercial purposes by any Person upon any part of the Property. 7.7.3 Pets shall not be allowed to make an unreasonable amount of noise,nor to become a nuisance or a threat to the safety of others. • 7.7.4 Pets shall be housed only within the Dwellings. No structure, fence or enclosure for the care, housing or confinement of any pet. shall be constructed or maintained on any part of the Property,except as approved pursuant to Section 8. 7.7.5 Pets shall be under control at all times when outside the Dwelling. 7.7.6 Owners and Occupants keeping pets within their Dwellings are responsible for the pet's behavior and for complying with municipal pet laws,ordinances and regulations. An Owner or Occupant is liable to the Association for the cost of repair of any damage to the Property, or the expenses associated with any personal injury, caused by an animal kept within that Owner or Occupant's Dwelling. 7.8 Ouiet Enjoyment. All Owners and Occupants and their guests shall have a right of quiet enjoyment in their respective Units,subject to the rights of other Owners and Occupants and the owners and occupants of adjacent property to reasonable use of their respective property and the normal and customary sights, sounds and activity generated thereby given the existing and contemplated future use of such property. The Property shall be occupied and used in such a manner as will not cause a nuisance, nor unduly restrict, interfere with or impede the use and quiet enjoyment of the Property by other Owners and Occupants and their guests. 7.9 Prohibited Conduct No Owner or Occupant shall(1)cause or permit any physical changes to their Dwelling that could jeopardize or.impair the weather-tight soundness or safety of the Dwelling or other improvements located on the Property; (ii)interfere with any easement; or(iii)cause or permit any physical changes to their Dwelling which could affect or damage the sound barriers installed between the Dwellings within the ceilings, floors or walls of the Unit. No improvement shall be erected or maintained, no excavation, grading or reshaping shall be undertaken, and no refuse, fill or other material shall be placed, on the Property, which may • impede access on, about or through the Property, cause damage to the Property or interfere with the installation, use or maintenance of the improvements to the Property, or which may change or impede the flow of water through any natural,designed,improved or graded drainage area. 7.10 Compliance with Law. No use shall be made of the Property which would violate any then existing municipal codes or ordinances, or state or federal laws,nor shall any act or use be permitted which could cause waste to the Property, cause a material increase in insurance rates on the Property, or otherwise cause any unusual liability, health or safety risk, or expense, • for the Association or any Owner or Occupant. 7.11 Alterations. Except for those made by Declarant in connection with the exercise of its declarant rights,no alterations(as defined in Section 8)shall be made, or caused or allowed to.be made, in any part of the Common Elements, or in any part of the Unit or Dwelling which MPLS-Word 129293.2 13 ' I • , affects the Common Elements or another Unit or which is visible from the exterior of a Dwelling,without the prior written authorization of the Board,or a committee appointed by it,as provided in Section 8. 7.12 Time Shares Prohibited. The time share form of ownership, or any comparable form of lease, occupancy rights, ownership, or right-to-use plans, which has the effect of dividing the ownership or occupancy of a Unit into separate time periods,is prohibited. • 7.13 Access to Units. In case of emergency, the Units are subject to entry, without notice and at any time, by an officer or member of the Board, by the Association's management agents or by any public safety personnel. Entry is also authorized for maintenance purposes under Sections 9 and 13,and for enforcement purposes under Section 14. 7.14 Developer's Agreement. The Property is subject to that Developer's Agreement by and between the City and Oak Park Heights Development, LLC (the "Developer's Agreement") which imposes certain conditions and obligations relating to the development, use and maintenance of the Property. To the extent any provision in the Governing Documents conflicts with any provision of the Developer's Agreement, the provisions of the Developer's Agreement shall control. SECTION 8 ARCHITECTURAL STANDARDS 8.1 estrictions on Alterations. One of the purposes of this Declaration is to ensure that those parts of the Dwellings and other parts of the Units which are visible from the exterior be kept architecturally attractive and substantially uniform in appearance. Therefore, except as set forth in Section 8.5, the following restrictions and requirements shall apply to alterations on • the Property: 8.1.1 Except as expressly provided in this Section 8, no structure, building, addition,deck,patio, fence,wall,enclosure,window,exterior door,antenna or other type of sending or receiving apparatus, sign, display, decoration, color change, shrubbery, material topographical or landscaping change,nor any other exterior improvements to or alteration of any Dwelling or any other part of a Unit which affects the Common Elements or another Unit, or which is visible front the exterior of the Dwelling (collectively referred to as "alterations"), shall be commenced, erected or maintained, unless and until the plans and specifications showing the nature, kind, shape, height, color, materials and locations of the alterations shall have been approved in writing by • the Board or a committee appointed by it. In addition, Declarant's written consent shall also be required for alterations until such time as Declarant no longer owns any Unit for initial sale and no longer has the right to add Additional Real Estate to the Property. 8.1.2 The Board may appoint, supervise and disestablish an architectural committee, and specifically delegate to it part or all of the functions which the Board exercises under.this Section 8,in which case the references to the Board shall refer to the • architectural committee where appropriate. The architectural committee shall be subject to the supervision of the Board. MPLS-Word 129293.2 14 it 8.1.3 The Board shall establish the criteria for approval of'alterations, which shall include and require,at a minimum: 8.1.3.1 substantial uniformity of color, location, type and design in relation to existing Dwellings and other improvements to the Property; 8.1.3.2 comparable or better quality of materials as used in existing improvements on the Property; 8.1.3.3 ease of maintenance and repair; • 8.1.3.4 adequate protection of the Property, the Association, Owners and Occupants from liability and liens arising out of the proposed alterations; 8.1.3.5 substantial preservation of other Owners' sight lines, if material; and 8.1.3.6 compliance with governmental laws,codes and regulations. The Board, or the appointed architectural committee if so authorized by the Board, in its sole discretion, may impose standards for design,'appearance or construction which are greater or more stringent than standards prescribed by the Governing Documents,or by building,zoning,or other governmental laws,codes, or regulations; provided that such standards shall be consistent with the architectural character and use of the Property as planned and developed by Declarant. The Board,or the appointed architectural committee authorized by the Board, shall be the sole judge of whether such criteria are satisfied, and its determination shall be binding upon the Owners, Occupants and any other Person holding or acquiring an interest in the Unit. 8.1.4 Approval of alterations which cause a minor encroachment upon the Common Elements or another Unit shall create an appurtenant easement for such encroachment in favor of the Unit with respect to which the alterations are approved, notwithstanding any contrary requirement in the Governing Documents or the Act A file of the Board resolutions approving or denying all requests for alterations shall be maintained permanently as a part of the Association's records. 8.2 Review Procedures. The following procedures shall govern requests for alterations under this Section: 8.2.1 Detailed plans, specifications and related information.regarding any proposed alteration,in form and content acceptable to the Board,shall be submitted to the Board and to Declarant (if applicable) at least sixty days prior to the projected commencement of construction. No alterations shall be commenced prior to approval. 8.2.2 The Board and Declarant (if applicable) shall give the Owner written notice of approval or disapproval. The Board shall have the right and authority to approve, conditionally approve or deny requests for alterations in its sole absolute MPLS-word 129293.2 15 1 • discretion. If the Board and Declarant(if applicable)fail to approve or disapprove within sixty days after receipt of said plans and specifications and all other information requested by the Board and Declarant(if applicable),then approval shall be deemed to be denied. 8.2.3 If no request for approval is submitted, approval shall be deemed to be denied. 8.3 Remedies for Violations. The Association may undertake any measure, legal, equitable or administrative, to enforce compliance with this Section and shall be entitled to recover from the Owner causing or permitting the violation all attorneys' fees and other professional fees and costs of evaluation, investigation and enforcement incurred by the Association, whether or not a legal action is started. Such fees and costs shall be a lien against the Owner's Unit and a personal obligation of the Owner. In addition, upon reasonable notice, the Association shall have the right to enter the Owner's Unit and to restore any part of the Dwelling or Unit to its prior condition if the alterations were made in violation of this Section, • and the cost of such restoration shall be a personal obligation of the Owner and a lien against the Owner's Unit. 8.4 Owner Responsibility/Indemnity. The Owner who causes an alteration to be made, regardless of whether the alteration is approved by the Board, shall be responsible for the construction work and any claims,damages,losses or liabilities arising out of the alterations,and to ensure that the work approved by it satisfies all applicable municipal requirements. The Owner shall hold harmless, indemnify and defend the Association,and its officers,directors and committee members, from and against any expenses, claims, damages, losses or other liabilities, including without limitation attorneys' fees and other professional fees and costs,arising out of (i)any alteration which violates any governmental laws,codes,ordinances or regulations;(ii)the adequacy of the specifications or standards for construction of the alterations; and (iii) the construction of the alterations. 8.5 Exemptions. The requirements set forth in this Section 8 (except Section 8.4) shall not apply to the following: 8.5.1 Construction undertaken or authorized by Declarant in connection with its completion of the Common Element improvements and the completion and sale of the Dwellings and Units. 8.5.2 Certain types of antennae and satellite dishes may be installed, following - application to the Board, to the extent permitted by federal law and the Rules and Regulations consistent therewith. 8.5.3 Storm doors installed and maintained in accordance with the Rules and Regulations. MPLS-word 1292932 16 II SECTION 9 MAINTENANCE AND REPAIR 9.1 Maintenance by Association. The Association shall provide for all maintenance, repair and replacement(collectively referred to as"maintenance")as follows: 9.1.1 The Association shall provide for all maintenance of the Common Elements including but not limited to the private streets, driveways and other improvements thereon. 9.1.2 The Association shall provide for all maintenance of the storm water pond and any associated storm sewer components-benefiting the Property as provided in the Storm Water Pond Easement and Maintenance Agreement referenced in Section 13.5 of this Declaration. 9.1.3 The Association shall maintain, repair and replace the Limited Common Elements. Without limiting the foregoing, the Association shall maintain, repair and replace the Limited Common Element driveways and sidewalks. In addition, the Association shall provide for lawn, shrub and tree maintenance in the yard areas benefiting the Units,and for the watering of lawns. 9.1.4 For the purpose of preserving the architectural character,quality,and high standards for appearance of the Property, the Association shall provide for exterior maintenance upon the Dwellings and/or Units,subject to the following: 9.1.4.1 The Association shall maintain, repair and replace roofs, gutters, downspouts,exterior siding and other building surfaces. 9.1.4.2 The Association shall maintain, repair and replace garage doors and exterior entry doors and frames (except hardware and mechanical equipment and storm doors installed by or at the direction of Owners pursuant to Section 8.5.3),exterior window frames,porches,patios,decks and chimney exteriors. 9.1.4.3 The Association may,upon thirty days' prior notice to the Owner, also undertake any exterior maintenance for which an Owner is obligated under Section 9.4 and which the Owner fails to perform to standards established by the Association, and assess the Owner's Unit for the cost thereof. Such cost shall be a personal obligation of the Owner and a lien against the Owner's Unit. 9.1.4.4 The Association may, upon reasonable notice, elect to maintain, repair or replace mechanical, structural or other components within the Unit and assess the costs against the Unit, if the failure or impairment of the component could result in damage to the Common Elements or other Units, impair the function of any common operating system,or create a health or safety hazard. 9.1.5 ' The Association's obligations for maintenance shall exclude any items not specifically required to be maintained by the Association under this Section 9.1, MPLS-Word 1292932 17 • including but not limited to foundations and foundation walls,Dwelling walls, floors and ceilings, structural components, interior parts of the Dwellings, door and window hardware,mechanical, electrical,heating,air conditioning and plumbing systems,private fences,screens and glass,unless such items are expressly approved under Section 9,2. 9.1.6 The Association shall maintain, repair and replace the Property in accordance with the requirements of the applicable City zoning approvals and permits and other applicable regulations. 9.1.7 The costs associated with the Association's maintenance obligations under this Section 9.1 shall be funded by Assessments determined and levied in accordance with Section 6. 9.2 Optional Maintenance by Association. In addition to the maintenance described in Section 9.1, the Association may, with the approval of the Board and a majority of the total Owners' votes in the Association, undertake to provide additional exterior maintenance to the Units or Dwellings. 9.3 Maintenance by Owner. Except for the exterior maintenance required to be provided by the Association under Section 9.1 or 9.2,all maintenance of the Dwellings and Units shall be the sole responsibility and expense of the Owners thereof. Subject to Section 9.1 and Section 9.2,the Limited Common Elements allocated to a Unit shall be maintained by the Owner of that Unit. The Association may require that any exterior maintenance to be performed by the Owner be accomplished pursuant to specific uniform criteria established by the Association. The Owners and Occupants shall have a duty to promptly notify the Association of defects in or damage to those parts of the Property which the Association is obligated to maintain. 9.4 Damage caused by Owner. Notwithstanding any provision to the contrary in this Declaration, if, in the judgment of the Association, the need for maintenance of any part of the Property is caused by the act or omission of an Owner or Occupant, or his or her guests, or by a condition in a Unit which the Owner or Occupant has caused or allowed to exist after notice from the Association, the Association may cause such damage or condition to be repaired or corrected (and enter the yard area of upon any Unit to do so), and the cost thereof may be charged and assessed against the Unit of the Owner responsible for the damage. Such coat shall be a personal obligation of the Owner and a lien against the Owner's Unit. In the case of party walls between Dwellings, the Owners of the affected Dwellings shall be liable as provided in Section 10. SECTION 10 PARTY WALLS I0.1 General Rules of I,,aw to Apply. Each wall built as part of the original construction of Dwellings and located or intended to be located on the boundary line between Units shall constitute a party wall,the Units shall be subject to easements for any encroachments resulting from or attributable to such walls pursuant to Section 13.4 hereof, and, to the extent not inconsistent with the provisions of this Section, the general rules of law regarding party walls and liability for property damage due to negligent or willful acts or omissions shall apply thereto. Mars-word 129293.2 18 10.2 Repair and Maintenance. The Owners of the Units which share a party wall shall be responsible for the maintenance, repair and replacement of the party wall in equal proportions; provided, (i)that any maintenance, repair or replacement necessary due to the acts or omissions of a certain Owner or Occupant sharing such party wall shall be paid for by such Owner, and(ii)that the Association may contract for and supervise the repair of damage caused by an Owner or Occupant and assess the Owners for the cost thereof to the extent not covered by insurance. Such cost shall be a personal obligation of the Owner and a Iien against the Owner's Unit(s). 1 10.3 Destruction by Fire or Other Casualty. If a party wall is destroyed or damaged by fire or other casualty,any Owner who has use of the party wall may, with the consent of the Association, restore it, and the other Owner shall promptly reimburse the Owner who restored the wall for his or her share of the cost of restoration thereof;provided,however,that the cost of restoration resulting from destruction or other casualty caused by the acts or omissions of an Owner shall be the financial responsibility of such Owner, and the Association may assess the responsible Owner for their share of the costs, without prejudice to the right of an Owner to recover a larger contribution from the other Owner. Insurance claims shall be made promptly following any casualty. 10.4 Weatherproofing. Notwithstanding any other provision of this Section, any Owner who, by his or her negligent or willful act, causes a party wall to be exposed to the elements shall bear the whole cost of the repairs necessary for protection against such elements. 10.5 Right to Contribution Runs With Land. The right of any Owner to contribution from any other Owner under this Section shall be appurtenant to the Unit and shall pass to such Owner's assigns and successors in title. 10.6 Arbitration. In the event of any dispute arising concerning a party wall,and if the Owners of the affected Units do not resolve the dispute by a written agreement within thirty days of the event causing the dispute, the matter shall be submitted to binding arbitration under the rules of the American Arbitration Association (or under such other rules as the parties may unanimously agree), upon the written demand of the Association or any Owner whose Dwelling shares the party wall. A single arbitrator shall be used unless multiple arbitrators are agreed to by the parties. The Association shall, upon its request, be made a party to the arbitration, but cannot be compelled to be a party. Each party agrees that the decision of the arbitrators shall be final and conclusive of the questions involved. The fees of the arbitrators shall be shared equally by the parties, but each party shall pay its own attorneys' fees or other costs incurred in the arbitration. SECTION 11 INSURANCE ' II 11.1 Required Coverage. The Association shall obtain and maintain, at a minimum,a master policy or policies of insurance in accordance with the insurance requirements set forth in the Act and the additional requirements set forth herein, issued by a reputable insurance company or companies authorized to do business in the state of Minnesota,as follows: MPLS-Word 129293.2 19 • • 11.1.1 Property insurance in broad form covering risks of physical loss in an amount equal to one hundred percent of the insurable"replacement cost"of the Property, less deductibles, exclusive of land, footings, excavation and other items normally excluded from coverage (but including all building service equipment and machinery). The Association may or may not, as determined by the Board, insure the improvements and betterments referred to in Section 515B.3-113(b)(i)through(vii)of the Act, but must do so if required by the FNMA,•FHLMC, FHA or VA, as referred to hereafter. The policy or policies shall cover personal property owned by the Association. The policy or policies shall also contain "Inflation Guard" and "Agreed Amount" endorsements, if reasonably available. Such policy or policies shall include such additional endorsements, coverages and limits with respect to the foregoing and other hazards as may be required from time to time by the regulations of the Federal Housing Administration("FHA"),the U.S. Department of Veterans' Affairs ("VA"), the Federal National Mortgage Association("FNMA")or the Federal Home Loan Mortgage Corporation("FHLMC")as a precondition to their insuring,purchasing or financing a mortgage on a Unit.The Board may also, on behalf of the Association, enter into binding written agreements with a mortgagee, insurer or servicer, including without limitation the FHA, VA, FNMA or FHLMC, obligating the Association to keep certain specified coverages or endorsements in effect. 11.1.2 Commercial general liability insurance covering the use, operation and maintenance of the Common Elements and the activities of the Association, with minimum limits of one million dollars per occurrence, against claims for death, bodily injury and property damage, and such other risks as are customarily covered by such policies for projects similar in construction,location and use to the Property. The policy shall contain a "severability of interest" endorsement which shall preclude the insurer from denying the claim of an Owner or Occupant because of negligent acts of the Association or other Owners or Occupants. The policy shall include such additional endorsements, coverages and limits with respect to such hazards as may be required by the regulations of the FHA, VA, FNMA or FHLMC as a precondition to their insuring, purchasing or financing a mortgage on a Unit. 11.1.3 Fidelity bond or insurance coverage against dishonest acts on the part of directors, officers, managers, trustees, employees or persons responsible for handling funds belonging to or administered by the Association, if deemed to be advisable by the Board or required by the regulations of any financing-related institution as a precondition to the purchase, insuring, guarantee, or financing of a mortgage on a Unit. The fidelity bond or insurance shall name the Association as the named insured, and shall comply with the regulations of the FNMA, FHA, VA or FHLMC, respectively, if required by such agency as a precondition to its purchase, financing, insuring, or guaranteeing of a mortgage on a Unit. An appropriate endorsement to the policy to cover any persons who serve without compensation shall be added if the policy would not otherwise cover volunteers, or a waiver of defense based upon the exclusion of persons serving without compensation shall be added. 11.1.4 Workers' Compensation insurance as applicable and required by law. MPLS-Word 1292932 20 • 11.1.5 Directors and officers liability insurance with such reasonable limits and • coverages as the Board shall determine from time to time. 11.1.6 Such other insurance as the Board may determine from time to time to be in the best interests of the Association and the Owners. 11.2 Premiums: Improvements; Deductibles. Except as provided in Section 6.4 and this Section, all insurance premiums shall be assessed and paid as an annual Assessment. Policy deductibles amounts shall be determined by the Board. If improvements and betterments to the .Units are covered, any increased cost may be assessed against the Units affected. The Association may, in the case of a claim for damage to a Unit or Units, (1) pay the deductible amount as a Common Expense; (ii) assess the deductible amount against the Unit or Units affected in any reasonable manner; or (iii) require the Owner of.any Unit affected to pay the deductible amount directly. The Association's decision as to who shall be charged with paying the deductible amount may,but need not,be based on fault. 11.3 Loss Payee: Insurance Trustee. All insurance coverage maintained by the Association shall be written in the name of, and the proceeds thereof shall be payable to, the Association (or a qualified insurance trustee selected by it) as trustee for the benefit of the Owners and secured parties which suffer loss. The Association,or any insurance trustee selected by it, shall have exclusive authority to negotiate, settle and collect upon any claims or losses under any insurance policy maintained by the Association. 11.4 ,Required Policy Provisions. All policies of property insurance carried by the Association shall provide that: • 11.4.1 Each Owner and secured party is an insured Person under the policy with respect to liability arising out of the Owner's interest in the Common Elements or membership in the Association. 11.4.2 The insurer waives its right to subrogation under the policy against any Owner or member of the Owner's household and against the Association and members of • the Board. 11.4.3 The coverage shall not be voided by or conditioned upon (i) any act or omission of an Owner or mortgagee,unless acting within the scope of authority on behalf of the Association, or(ii)any failure of the Association to comply with any warranty or condition regarding any portion of the Property over which the Association has no control. 11.4.4 If at the time of a Ioss under the policy there is other insurance in the name of an Owner covering the same property covered by the policy, the Association's policy is primary. 11.5 Cancellation: Notice of Loss. Property insurance and comprehensive liability insurance policies maintained by the Association shall provide that the policies shall not be ■ canceled or substantially modified, for any reason, without at least thirty days prior written notice to the Association and to all secured parties holding first mortgages on Units. MPLS-wore 1292931 21 III 11.6 Restoration in Lieu of Cash Settlement All policies of property insurance maintained by the Association shall provide that, despite any provisions giving the insurer the right to elect to restore damage in lieu of a cash settlement, such option shall hot be exercisable (i)without the prior written approval of the Association(or any insurance trustee),or(ii)when in conflict with provisions of any insurance trust agreement to which the Association may be a • party,or any requirement of law. 11.7 Owner's Personal Insurance. Each Owner shall obtain additional personal insurance coverage(commonly known as"gap coverage"or an"H06"policy)at his or her own expense covering fire and other casualty to the interior of the Unit, personal property and the Owner's personal liability. Insurance policies maintained by Owners are without contribution as against the insurance purchased by the Association, except as to deductible amounts or other items not covered under the Association's policies. SECTION 12 RECONSTRUCTION,CONDEMNATION AND EMINENT DOMAIN 12.1 Reconstruction. The obligations and procedures for the repair, reconstruction or disposition of the Property following damage or destruction thereof shall be governed by the Act. Any repair or reconstruction shall be commenced as soon as practicable after the casualty and shall be substantially in accordance with the plans, specifications and design of the Property as initially constructed and subsequently improved. Notice of substantial damage or destruction shall be given as provided in Section 16,10. 12.2 Condemnation and Eminent Domain. In the'event of a taking of any part of the Property by condemnation or eminent domain, the provisions of the Act shall govern; provided, (1) that notice shall be given as provided in Section 16.10; (ii)that the Association shall be the attorney-in-fact to represent the Owners in any related proceedings, negotiations, settlements or agreements; and (iii)that any awards or proceeds shall be payable to the Association for the benefit of the Owners and the mortgagees of their Units. Mortgagees shall be entitled to priority for condemnation awards in accordance with the priorities established by the Act and the Governing Documents,as their interests may appear. 12.3 Tenninat qn and Liquidation. The termination of the common interest community, and the distribution of any proceeds therefrom, shall be governed by the Act. Any distribution of funds shall be based upon the value of the Units as determined by their relative value for property insurance purposes, and shall be made to Owners and their mortgage holders, - as their interests may appear,as provided in the Act. 12.4 Notice. The Association shall give written notice of any condemnation proceedings or substantial destruction of the Property to the Eligible Mortgagees entitled to • notice under Section 16.10. 12.5 Association's Authority. In all cases involving reconstruction, condemnation, eminent domain, termination or liquidation of the common interest community, the Association shall have authority to act on behalf of the Owners in all proceedings, negotiations and settlement of claims. All proceeds shall be payable to the Association to hold and distribute for MPLs.wcrd 129293.2 22 • , . . • the benefit of the Owners and their mortgage holders, as their interests may appear, in accordance with the Act. SECTION 13 • EASEMENTS Each Unit and the Common Elements, and the rights of the Owners and Occupants therein, shall be subject to the appurtenant easements and rights granted and reserved in this Section 13. 13.1 Access. Each Unit shall be the beneficiary of a non-exclusive easement for access to and from.a public roadway on and across those portions of the Common Elements designated for use as roadways or.walkways, as originally constructed, shown on the Nat or otherwise designated by the Association, subject to any restrictions authorized by the Governing Documents or the Rules and Regulations. 13.2 Use and Enjoyment. Each Unit shall be the beneficiary of nonexclusive easements for use and enjoyment on and across the Common Elements, and for use and enjoyment of any Limited Common Elements allocated to the Unit, subject to any restrictions authorized by the Governing Documents. 13.3 Structural Support. Each Unit and the.Common Elements shall be subject to and the beneficiary of nonexclusive easements for structural support in all wails, columns, joists, girders and other structural components located in or passing through or shared with another Unit or the Common Elements. • 13.4 Encroachments. Each Unit and the Common Elements, and the rights of the Owners and Occupants therein, shall be subject to nonexclusive easements in favor of the adjoining Units for minor encroachments caused by the construction, reconstruction, repair, shifting, settlement or movement of any part of'the Property, and for improvements which are part of the original construction of the Property or which are added in compliance with Section 8. If there is an encroachment upon another Unit or the Common Elements as a result of any of the aforementioned causes, an appurtenant easement shall exist for the encroachment, for the use, enjoyment and habitation of any encroaching improvement, and for the maintenance thereof. However, with respect to improvements or alterations added pursuant to Section 8,no easement shall exist unless the resulting encroachment is minor and the proposed improvements have been approved and constructed as required by this Declaration. Such easements shall continue for as long as the encroachment exists and shall not affect the marketability of title. 13.5 Storm Water Pond and Drainage Easements. The Property is benefited by a nonexclusive easement pursuant to a Storm Water Pond Easement and Maintenance Agreement for the drainage, ponding and storage of surface water and storm water from the Property over and on Lot 1, Block 6, Pine Grove Gardens. The Storm Water Pond Easement requires the Association to maintain, repair and replace the pond, any and all pipes, conduits, mains and related equipment as shall be necessary in connection with the easement. In addition, the Common Elements and the yard areas of the Units shall be subject to and benefited by MPhs-word 1212932 23 • • or • • nonexclusive easements for storm water drainage over those parts of the Property which are designed, improved or graded for such purposes as part of the development of the Property. 13.6 Maintenance.Repair.Replacement and Reconstruction. Each Unit,and the rights of the Owners and Occupants thereof, and the Common Elements shall be subject to and benefited by nonexclusive easements in favor of the Association for the maintenance, repair, replacement and reconstruction of the Common Elements, the Dwellings and other improvements located within the Units,and utilities serving the Units,to the extent necessary to fulfill the Association's obligations under.the Governing Documents, Each Owner shall afford to the Association and its management agents and employees, access at reasonable times and upon reasonable notice, to and through the Unit and its Limited Common Elements for maintenance,repair and replacement;provided that access may be had without notice and at any time in case of emergency. 13.7 Utilities. Services and Operating Systems. The Common Elements and the Units shall be subject to and benefited by nonexclusive easements in favor of the City, the Association and all utility companies and other service providers for the installation,use, maintenance,repair and replacement of all utilities, services and common operating systems, such as natural gas, electricity, telephone, cable TV, internet and other electronic communications, water, sewer, septic systems, wells, and similar services, irrigation systems, fire control systems and other common operating systems, and metering and control devices, which exist, which are constructed as part of the development of the Property or the Additional Real Estate, which are approved by the City, which are approved by the Association under authority contained in the Governing Documents or the Act, or which are described or referred to in the Plat, this Declaration or other recorded instruments. Each Unit, and the rights of the Owners and Occupants thereof,shall also be subject to and benefited by a non-exclusive easement in favor of the other Units, the Common Elements and the Association for all such utilities, services and systems installed in accordance with the foregoing provision of this Section. Utilities and related services or systems shall be installed, used,maintained and repaired so as not to interfere with the use and quiet enjoyment of the Units by the Owners and Occupants,nor affect the structural or architectural integrity of the Dwellings or Common Element improvements. 13.8 Emergency Access to Units. In case of emergency, all Units and Limited Common Elements are subject to an easement, without notice and at any time, in favor of the Association for access by the Association's management agents, and in favor of fire, police or other public safety personnel. 13.9 Project Signs. Declarant and the Association shall have a non-exclusive easement and right to erect and maintain temporary and permanent signs and related monuments identifying the common interest community on the Common Elements and on Units owned by Declarant. Those parts of the Property on which permanent monument signs or related improvements are located shall be subject to non-exclusive easements in favor of the Association for the continuing use,maintenance,repair and replacement of said signs and improvements. 13.10 Maneuvering and Driveway Easements. If any Unit shares a driveway, or a portion thereof, with another Unit, each such Unit shall be subject to and the beneficiary of a non-exclusive easement for reasonable vehicular maneuvering and access on and across the MPL$-word 1292932 24 . • • shared driveway,subject to any restrictions authorized by the Governing Documents or the Rules and Regulations. 13.11 Declarant's Easements. The Units and Common Elements are subject to exclusive easements in favor of Declarant for the exercise of its declarant rights as described in the Governing Documents. 13.12 Other Easements. The Property shall be subject to such other easements as may be authorized by the Association under authority contained in the Governing Documents or the Act or recorded against the Property by reason of the City's requirements in connection with the development of the Property or Additional Real Estate. 13.13 Continuation. Scope and Conflict of Easements. The easements set forth in this Section(i)shall run with the land and shall be appurtenant to the benefited Property; (ii)shall supplement and not limit any easements described elsewhere in this Declaration, or otherwise recorded;(iii)shall be permanent,subject only to termination in accordance with the terms of the easement; and (iv)shall include reasonable access to the easement areas over and through the Property for purposes of construction,maintenance,repair,replacement and reconstruction. 13.14 Non Interference; Impairment Prohibited. All Persons exercising easement rights shall do so in a reasonable manner so as not to materially interfere with the operation of the Property or cause damage to the Property,and shall be financially liable for all costs of repair of any part of the Property which is damaged by the Person's exercise of the easement rights. No Person shall impair, obstruct or cause damage to any easement area, or improvements or equipment installed therein. Notwithstanding anything in this Declaration to the contrary, no Owner or Occupant shall be denied reasonable access to his or her Unit or the right to utility services thereto. 13.15 Benefit of Easements. All easements benefiting a Unit shall benefit the Owners and Occupants of the Unit,and their families and guests. However,an Owner who has delegated the right to occupy the Unit to an Occupant or Occupants,whether by a lease or otherwise, does not have the use and other easements rights in the Property during such delegated occupancy, except (i)as a guest of an Owner or Occupant, or (ii)in connection with the inspection of the Unit or recovery of possession of the Unit pursuant to law. SECTION 14 COMPLIANCE AND REMEDIES Each Owner and Occupant, and any other Person owning or acquiring any interest in the Property, shall be governed by and comply with the provisions of the Act, the Governing Documents,the Rules and Regulations,and such amendments thereto as may be made from time to time, and the decisions of the Association. A failure to comply shall entitle the Association to the relief set forth in this Section, in addition to the rights and remedies authorized elsewhere by the Governing Documents or the Act. 14.1 Entitlement to Relief. Legal relief may be sought by the Association, at its discretion, against any Owner, or by an Owner against the Association or another Owner;to MPLS-Word 129293.2 25 4 • enforce compliance with the Governing Documents, the Rules and Regulations, the Act or the decisions of the Association. However,no Owner may withhold any Assessments payable to the Association, nor take or omit other action in violation of the Governing Documents, the Rules and Regulations or the Act, as a measure to enforce such Owner's position, or for any other reason. 14.2 Remedies. In addition to any other remedies or sanctions, expressed or implied, administrative or legal,the Association shall have the right,but not the obligation,to implement any one or more of the following actions against Owners and Occupants and/or their guests,who violate the provisions of the Governing Documents,the Rules and Regulations or the Act: 14.2.1 Commence legal action for damages or equitable relief in any court of competent jurisdiction. 14.2.2 Impose late charges of up to the greater of twenty dollars, or fifteen percent of the amount past due, for each past due Assessment or installment thereof, and impose interest at the highest rate permitted by law accruing beginning on the first day of the month after the Assessment or installment was due. 14.2.3 In the event of default of more than thirty days in the payment of any Assessment or installment thereof, all remaining installments of Assessments assessed against the Unit owned by the defaulting Owner may be accelerated and shall then be payable in Ml if all delinquent Assessments or installments thereof, together with all attorneys' fees and other professional fees, costs and late charges, are not paid in full prior to the effective date of the acceleration. Not less than ten days advance written notice of the effective date of the acceleration shall be given to the defaulting Owner. 14.2.4 Impose reasonable fines,penalties or charges for each violation of the Act, the Governing Documents or the Rules and Regulations. 14.2.5 Suspend the rights of any Owner or Occupant and their guests to use any Common Element amenities;provided,that the suspension of use rights shall not apply to Limited Common Elements allocated to the Unit, and those portions of the Common Elements providing utilities service and access to the Unit. Such suspensions shall be limited to periods of default by such Owners and Occupants in their obligations under the Governing Documents,and for up to six months thereafter, for each violation. 14.2.6 Restore any portions of the Common Elements,Unit,or Limited.Common Elements damaged or altered, or allowed to be damaged or altered, by any Owner or Occupant or their guests in violation of the Governing Documents, and to assess the cost of such restoration against the responsible Owners and their Units. 14.2.7 Enter any Limited Common Element or yard area of a Unit in which,or as to which, a violation or breach of the Governing Documents or Rules and Regulation exists which materially affects,or is likely to materially affect,the health or safety of the other Owners or.Occupants,or their guests,or the safety or soundness of any Dwelling or other part of the Property or the property of the Owners or Occupants, and to summarily abate, remove or demolish, at the expense of the offending Owner or Occupant, any MPLS-word 129293. 26 ` structure, thing or condition which is causing the violation; provided, that any improvements which are a part of a Dwelling may be altered, removed or demolished only pursuant to a court order or with the agreement of the Owner. 14.2.8 Foreclose• any lien arising under. the provisions of the -Governing Documents or under law,in the manner provided by the Governing Documents. 14.3 Rights to Hearing. Before the imposition of any of the remedies authorized by Section 14.2.4, 14.2.5, 14.2.6 60 4.2.7, the Board shall, upon written request of the offender, grant to the offender'an opportunity for a fair and equitable hearing as contemplated by the Act. The offender shall be given notice of the nature of the violation and the right to a hearing, and ten days within which to request a hearing. The hearing shall be scheduled by the Board and held within thirty days of receipt of the hearing request by the Board,and with at least ten days' prior written notice to the offender. If the offender fails to timely request a hearing or to appear at the hearing, then the right to a hearing shall be deemed waived and the Board may take such action as it deems appropriate. The decision of the Board and the rules for the conduct of hearings established by the Board shall be final and binding on all parties. The Board's decision shall be delivered in writing to the offender within ten days following the hearing, if not delivered to the offender at the hearing. 14.4 Lien for Charges. Penalties. Etc. All charges, fines, expenses,penalties, interest or other impositions under this Section shall be a lien against the Unit of the Owner or Occupant against whom the same are imposed and the personal obligation of such Owner in the same manner and with the same priority and effect as Assessments under Section 6. The lien shall attach as of the date of imposition of the remedy, but shall not be final as to violations for which a hearing is held until the Board makes a written decision at or following the hearing. All remedies shall be cumulative,and the exercise of,or failure to exercise,any remedy shall not be deemed a waiver of the Association's right to pursue any others. 14.5 Costs and Fees. With respect to any collection measures,or any other measure or action, legal, administrative or otherwise,which the Association takes pursuant to the provisions of the Act, Governing Documents or Rules and Regulations, whether or not finally determined by a court or arbitrator, the Association may assess the Unit owned by the violator with any expenses incurred in connection with such enforcement, including without limitation fines or charges previously imposed by the Association,reasonable attorneys' fees and other professional fees, costs and interest (at the highest rate allowed by law) on the delinquent amounts owed to the Association. Such expenses shall also include any collection or contingency fees or costs charged to the Association by a collection agency or other Person acting on behalf of the Association in collecting,any delinquent amounts owed to the Association by an Owner or Occupant. The foregoing fees and costs shall be the personal obligation of the Owner of the Unit and shall be a lien against such Owner's Unit. 14.6 Liability for Acts of Owners and Occupants. An Owner shall be liable for the expense of any maintenance, repair or replacement of the Property rendered necessary by such Owner's acts or omissions, or by that of Occupants or guests in the Owner's Unit,to the extent that such expense is not covered by the proceeds of insurance carried by the Association or such Owner or Occupant. However, any insurance deductible amount and/or increase in insurance MPLS-word 1292932 27 __ I • rates, resulting from the Owner's acts or omissions may be assessed against the Owner responsible for the condition and against his or her Unit. 14.7 Enforcement by Owners. The provisions of this Section shall not limit or impair the independent rights of other Owners to enforce the provisions of the Governing Documents, the Rules and Regulations,and the Act as provided therein. SECTION 15 AMENDMENTS 15.1 Approval Requirements. Except for amendments by Declarant pursuant to Section 17,this Declaration may be amended only by the approval of: 15.1.1 The Board 15.1.2 Owners of Units to which are allocated at least sixty-seven percent of the total votes in the Association,except as otherwise provided by the Act. 15.1.3 The percentage of Eligible Mortgagees (based upon one vote per Unit financed)as and if required by Section 16. 15.1.4 Declarant as to certain amendments as provided in Section 17.8. 15.1.5 The City as to Sections 7.14 and 9,1.2. 15.2 P, rogi . Approval of the Owners may be obtained in writing or at a meeting of the Association duly held in accordance with the Bylaws. Consents of Eligible Mortgagees or Declarant, if required, shall be in writing. Any amendment shall be subject to any greater requirements imposed by the Act. The amendment shall be effective when recorded as provided in the Act. An affidavit by the Secretary of the Association as to the outcome of the vote,or the execution of the foregoing agreements or consents, shall be adequate evidence thereof for all purposes,including without limitation,the recording of the amendment. SECTION 16 RIGHTS OF ELIGIBLE MORTGAGEES Notwithstanding anything to the contrary in the Governing Documents,but subject to the - Act or other laws,Eligible Mortgagees shall have the following rights and protections: 16.1 Consent to Certain Amendments. Subject to Declarant's rights under Section 17, the written consent of Eligible Mortgagees representing at least fifty-one percent of the Units that are subject to first mortgages held by Eligible Mortgagees (based upon one vote per Unit financed) shall be required for any amendment to the Governing Documents which causes any change in provisions including the following; (i)voting rights; (ii)increases in Assessments over twenty-five percent; (iii)Assessment liens, or priority of Assessment liens; (iv)reductions in reserves for maintenance,repair and replacement of Common Elements; (v)responsibility for MPLS-Word 1292932 28 i .. • maintenance and repairs; (vi)reallocation of interests in the Common Elements or Limited Common Elements, or rights to their use; (vii)redefinition of any Unit boundaries; (viii)convertibility of Units into Common Elements or vice versa; (ix)expansion or contraction of the Property or the addition, annexation or withdrawal of property to or from the Property; • (x)hazard or fidelity insurance requirements; (xi)imposition of restrictions on the leasing of • Units;(xii)imposition of any restrictions on an Owner's right to sell or transfer his or her Unit; (xiii)a decision by the Association (if the common interest community involves fifty or more Units) to establish self management when professional management is in effect as required previously by the Governing Documents or an Eligible Mortgagee; (xiv)restoration or repair of the Property (after a hazard damage or partial condemnation) in a manner other than that specified in the Governing Documents; (xv)any action to terminate the legal status of the common interest community after substantial destruction or condemnation occurs; or (xvi)any provisions that expressly benefit Eligible Mortgagees,or insurers or guarantors of mortgages. 16.2 Consent to Certain Acions. Subject to Declarant's rights under Section 17, the written consent of Eligible Mortgagees representing at least sixty-seven percent of the Units that are subject to first mortgages held by Eligible Mortgagees (based upon one vote per Unit financed) shall be required to (i)abandon or terminate the common interest community; (ii)change the allocations of voting rights, Common Expense obligations or interests in the Common Elements; (iii)partition or subdivide a Unit except as permitted by statute; (iv) abandon, partition, subdivide, encumber or sell any Common Elements; or (v)use hazard insurance proceeds for other than the repair, replacement or reconstruction of the Property, except as otherwise provided by law. 16.3 Consent to Subdivision. Except as authorized by this Declaration,no Unit may be partitioned or subdivided without the prior written approval of the Owner, the mortgagee of the applicable Unit and the Association, 16.4 No Right of First Refusal. The right of an Owner to sell, transfer or otherwise convey his or her Unit shall not be subject to any right of first refusal.or similar restrictions. 16.5 Priority of Lien. Any Person who comes into possession of a Unit by foreclosure of the first mortgage on a Unit, or by deed or assignment in lieu of foreclosure of the first mortgage on a Unit, takes the Unit free of any claims for unpaid Assessments or any other charges or liens imposed against the Unit by the Association which have accrued against such Unit prior to the acquisition of possession of the Unit by said y Person; (i)except as provided in Section 6.10 and the Act, and(ii)except that any unreimbursed Assessments or charges may be reallocated among all Units in accordance with their interests in the Common Elements. 16.6 Priority of Taxes and Other Charges. All taxes, assessments and charges which may become liens prior to the first mortgage under state law shall relate only to the individual Units and not to the Property as a whole. 16.7 Priority for Condemnation Awards. No provision of the Governing Documents shall give an Owner, or any other party, priority over any rights of the mortgagee t3' Y 8h gagee of the Unit pursuant to its mortgage in the case of a distribution to such Owner of insurance proceeds or condemnation awards for losses to or a taking of the Unit and/or the Common Elements. The MPts-wad 1292932 29 e - • Association shall give written notice to all Eligible Mortgagees of any condemnation or eminent domain proceeding affecting the Property promptly upon receipt of notice from the condemning authority. 16.8 Requirements for Management Agreements. The term of any agreement for professional management of the Property shall not exceed two years. Any such agreement shall provide for termination without penalty or termination fee by either party as follows: (i)with cause, upon a minimum of thirty days prior written notice, and (ii)without cause, upon ninety days prior written notice. 16.9 Access to Books and Records/Audit. Eligible Mortgagees shall have the right to examine the books and records of the Association upon reasonable notice and during normal business hours, and to receive free of charge, upon written request,'copies of the Association's annual reports and other financial statements. Financial statements, including those which are audited, shall be available within one hundred twenty days after the end of the Association's fiscal year. If the common interest community consists of fewer than fifty Units,FNMA,or any institutional guarantor or insurer of a mortgage loan against a Unit, may require that, at its own expense, an audit of the Association's financial statements be made for the preceding year, in which case the Association shall cooperate in having an audit made and a copy given to the requesting party. If the common interest community consists of fifty or more Units, the Association shall provide the requested audit at its expense. 16.10 Notice Requirements. Eligible Mortgagees and, upon written request to the Association, any institutional guarantor or insurer of a mortgage loan against a Unit shall be entitled to timely written notice of: 16.10.1 a condemnation loss or any casualty loss which affects a material portion of the Property or the Unit securing the mortgage; 16.10.2 a sixty day delinquency in the payment of Assessments or charges owed by the Owner of a Unit on which it holds a mortgage; 16.10.3 a lapse, cancellation or material modification of any insurance policy maintained by the Association;and 16.10.4 a proposed action which requires the consent of a specified percentage of Eligible Mortgagees. SECTION 17 DECLARANT RIGHTS Declarant hereby reserves exclusive and unconditional authority to exercise the following special declarant rights within the meaning of Section 515B.1-I03(32) of the Act, and other development rights specified herein, for as long as it owns a Unit, or for such shorter period as may be specifically indicated: MPLS-Word 129293,2 30 • . . • - • • 17.1 Complete Improvements. To complete all the Dwellings, Units and other improvements indicated on the Plat, or otherwise included in Declarant's development plans or authorized by the City or by this Declaration, and to make alterations in the Units owned by Declarant and the Common Elements to accommodate the exercise of any declarant rights reserved herein. • 17.2 Add Additional Real Estate. To add Additional Real Estate to the Property as described in Section 18. 17.3 Relocate Boundaries and Alter Units. To relocate boundaries between Units.and to otherwise alter Units owned by it,to the extent permitted by the Act. 17.4 Sales Facilities. To construct, operate and maintain a sales office,.management office, model Dwellings, and other development, sales and rental facilities within the Common Elements, and within any Units owned or leased by Declarant from time to time located anywhere on the Property or the Additional Real Estate. 17.5 Signs. To erect and maintain signs and other sales displays offering the Units for sale or lease, in or on any Unit owned by Declarant and on the Common Elements or on the Additional Real Estate. 17.6 Easements. To have and use easements, for itself, its employees, contractors, representatives, agents, prospective purchasers or other invitees through and over the Common Elements and the yard areas of the Units for the purpose of exercising its declarant rights reserved herein. 17.7 Control of Association. To control the operation and administration of the Association, including without limitation the power to appoint and remove the members of the Board pursuant to Section 5158.3-103 of the Act,until the earliest of: (1)voluntary surrender of control by Declarant; (ii)an Association meeting which shall be held within sixty days alter conveyance to Owners other than Declarant of seventy-five percent of the total number of Units authorized to be included in the Property;or(iii)the date five years following the date of the first conveyance of a Unit to an Owner other than Declarant. Notwithstanding the foregoing, the Owners other than Declarant shall have the right to nominate and elect not less than thirty-three and one-third percent of the directors at a meeting of the Owners which shall be held within sixty days following the conveyance by Declarant of fifty percent of the total number of Units authorized to be included in the Property. 17.8 Consent to Certain Amendments. Until such time as Declarant no longer owns any Unit for initial sale and no longer has the right to add Additional Real Estate to the Property, Declarant's written consent shall be required for any amendment to the Governing Documents or Rules and Regulations. MPLS-Word 129293.2 31 • • SECTION 18 RIGHTS TO ADD ADDITIONAL REAL ESTATE Declarant hereby expressly reserves the exclusive right to add the.Additional Real Estate to the Property, following its acquisition of title to the parcel being added, by unilaterally executing and recording a Supplemental Declaration pursuant to Section 5158.2-111 of the Act, • subject to the following conditions. No additional Units may be created by the subdivision or conversion of Units pursuant to Section 515B.2-112 of the Act. 18.1 Time Limitations. The right of Declarant to add the Additional Real Estate to the common interest community shall terminate ten years after the date of recording of this Declaration or upon earlier express written withdrawal of such right by Declarant or a successor Declarant, unless extended by a vote of the Owners pursuant to Section 5158.2-106(2) of the Act. There are no other limitations on Declarant's rights hereunder, except as may be imposed by law. 18.2 Sequence to Add. The Additional Real Estate is described in Exhibit C attached hereto. The Additional Real Estate may be added to the Property in parcels consisting of one or more platted or unplatted lots,or portions thereof,and in any sequence. 18.3 No Assurances of Addition. Declarant has no obligation to add the Additional Real Estate to the Property. There are no assurances that any part of the Additional Real Estate will be added to the Property, the order in which it will be added, the time it will be added, the number of parcels per phase nor the size of the parcels. The Additional Real Estate may be developed by Declarant or its successors in interest for other purposes, subject only to approval by the appropriate governmental authorities. 18.4 Maximum Number of Units. The maximum number of Units that may be created within the Additional Real Estate described as such on the date of this Declaration is thirty-six (36). All Units created on the Additional Real Estate shall be restricted exclusively to residential use. 18.5 Architectural Style and Compatibility. Any Units, Dwellings and other structures created upon the Additional Real Estate shall be compatible with the other Units, Dwellings and other structures which are part of the Property in terms of architectural style, quality of construction, principal materials employed in construction and size; subject (i)to any changes required by governmental authorities or lenders,and(ii)to any interior or exterior changes made by Declarant to meet changes in the market. 18.6 Applicability of Covenants. All covenants and restrictions contained in this Declaration affecting the use, occupancy and alienation of Units shall apply to all Units created on the Additional Real Estate. The statements made in this Section 18 shall not apply to any Additional Real Estate which is not added to the Property. MPLS-word 129293.2 32 • ' . SECTION 19 • MISCELLANEOUS 19.1 Severability. If any term,covenant,or provision of this.instrument or any exhibit attached hereto is held to be invalid or unenforceable for any reason whatsoever, such determination shall not be deemed to alter, affect or impair in any manner whatsoever any other portion of this Declaration or exhibits attached hereto. 19.2 Construction. Where applicable, the masculine gender of any word used herein shall mean the feminine or neutral gender, or vice versa, and the singular of any word used herein shall mean the plural,or vice versa. References to the Act,or any section thereof;shall be deemed to include any statutes amending or replacing the Act, and the comparable sections thereof. Any amendment to the Act shall retroadtively apply to the Association and the Property, except as expressly prohibited or qualified by the Governing Documents. 19.3 Tender of CIaims. In the event that any incident occurs which could reasonably give rise to a demand by the Association against Declarant for indemnification pursuant to the Act,the Association shall promptly tender the defense of the action to its insurance carrier, and give Declarant (i)written notice of such tender; (ii)written notice of the specific nature of the action;and(iii)an opportunity to defend against the action. 19.4 Notices. Unless specifically provided otherwise in the Governing Documents or the Act, all notices required to be given by or to the Association, the Board, the Association officers, or the Owners or Occupants shall be in writing and shall be effective upon hand delivery, or mailing if properly addressed with postage prepaid and deposited in the United States mail; except that registrations pursuant to Section 2.2 of the Bylaws shall be effective upon receipt by the Association. 19.5 Conflicts Among Documents. In the event of any conflict between the provisions of this Declaration,the Bylaws and the Rules and Regulations,the Declaration shall control. The Bylaws shall control as against the Rules and Regulations. 19.6 Duration of Covenants. The covenants, conditions, restrictions, easements, liens and charges contained in this Declaration shall be perpetual, subject only to termination as provided in this Declaration and the Act. MPLS-word 129293.2 33 • 4 . IN WITNESS WHEREOF, the undersigned has executed this instrument the day and • year first set forth above. PINE GROVE DEVELOPMENT, LC By: ice% .4d 4r.d • Title: �w,J STATE OF MINNESOTA ) vv ) ss. COUNTY OF 14101143413h ) The foregoing instrument was acknowledged before me this I day of De c e.M.�; Zoole , by C.or+. J• A r iLiLl , the Vk a.rt.u. of Pine Grove Development, LLC, a Minnesota limited liability co parry, on beMif of said entity. Notary Pu i THIS INSTRUMENT WAS DRAFTED BY: J.Patrick Brinkman Esq. FELHABER,LARSON,FENLON&VOOT,P.A. Attorneys at Law 220 South Sixth Street,Suite 2200 AMY LOUISE JACO$$ON Minneapolis,Minnesota 55402 } "'> (6 i 2)373 4420 „ ' Notary PublioStete of Minnesota My commission Expires ".t�, �� . January 31,2010 MPLS-Word 129293.2 34 a • w . COMMON INTEREST COMMUNITY NO.321 PINE GROVE GARDENS EXHIBIT A TO DECLARATION LEGAL DESCRIPTION OF PROPERTY • Lots 1 through 3 inclusive, Block 4; Lots 1 through 7 inclusive, Block 5; and Outlot A; Pine Grove Gardens, Washington County,Minnesota. NOTE: ALL OF THE ABOVE DESCRIBED LOTS, EXCEPT OUTLOT A, CONSTITUTE UNITS. MPLS-word 129293.2 • ' 4 • COMMON INTEREST COMMUNITY NO.321 PINE GROVE GARDENS EXHIBIT B TO DECLARATION LEGAL DESCRIPTION OF COMMON ELEMENTS Oudot A, Pine Grove Gardens,Washington County,Minnesota. MPLS-Wad 129293.2 $ • • f 1. JI • COMMON INTEREST COMMUNITY NO.321 PINE GROVE GARDENS EXHIBIT C TO DECLARATION DESCRIPTION OF ADDITIONAL REAL ESTATE Lots 1 through 7 inclusive, Block 1; Lots 1 through 3 inclusive, Block 2; Lots 1 through 6 inclusive, Block 3 and Lot 1, Block 6, Pine Grove Gardens, Washington County, Minnesota. • MPLS-Wad 129293.2 • .0 4101 COMMON INTEREST COMMUNITY NO.321 PINE GROVE GARDENS CONSENT AND JOINDER BY MORTGAGEE The undersigned (the"Mortgagee')is a mortgagee of portions of real property described in the Declaration of Pine Grove Gardens (the "Declaration"). The Mortgagee hereby consents • to and joins in this Declaration; provided,that by consenting to and joining in this Declaration, (i)the Mortgagee does not in any manner constitute itself or obligate itself as a Declarant as defined in the Declaration, and (ii)such mortgage shall remain as a lien on the property described therein, prior to any Assessment liens or other liens imposed under the Declaration, until released or satisfied. IN WITNES Mortgagee has caused this Consent and Joinder to be executed on thee day of riri&s.R4,1 ,pZCbfo . rerdite£t4 a Uu/e Sri 62 o :►., By: Its: STATE OF MINNESOTA ) ) ss. COUNTY OF ) PeX) The fore oin ins' worsts acknowledged before me this d'+✓ day of 024l tvt 10 x" ( ,by —...1 , t o -te_ .s r e t. c e — Aes.`�a of 77 e r M e ,a /hole,SAM Cow fa14s•..,on behalf of said entity. N -. Public THIS INSTRUMENT WAS DRAFTED BY: J.Patrick Brinkman Esq. FELHABER,LARSON,FENLON&VOOT,P.A. Attorneys at Law 220 South Sixth Street,Suite 2200 Uaa M.G3ttittdl Minneapolis,Minnesota 55402 NOTARY PUBLIC (612)373-8420 Minnesota My Commission Expires 01/314011 MPLS-Word 129293.2