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82nd Townhouses CCRs AFN 202203140046IIIIIIII IIII I IN IIIII IIIN IINI NNI WN IN IMII NIII� NII IN � 202203140046 COVENANTS Rec: $235.50 3/14/2022 9:45 AM 33 PG SNOHOMISH COUNTY, WA After Recording, Return to: Patrick K. McKenzie Marsh Mundorf Pratt Sullivan + McKenzie, P.S.C. 4220 132" d Street S.E., Suite 201 Mill Creek, WA 98012 Document Title(s): Declaration of Covenants, Conditions, and Restrictions Reference Number(s) of Document assigned or released: N/A Grantor: Randy N. Clark and Judy L. Clark Family Limited Partnership, a Washington limited partnership Grantee: Randy N. Clark and Judy L. Clark Family Limited Partnership, a Washington limited partnership Legal Description (abbrev.): PARCEL B, CITY OF EDMONDS BLA NO. PLN20190037, AFN 201910185003, SNOHOMISH COUNTY Tax Parcel No.: 004674-000-006-00 DECLARATION OF COVENANTS, CONDITIONS, AND RESTRICTIONS FOR 82ND TOWNHOUSES (A Unit Lot Subdivision, City of Edmonds Project No. BLD 2020-0695) This Declaration of Covenants, Conditions, and Restrictions for 82ND Townhouses, (this "Declaration") is made by Randy N. Clark and Judy L. Clark Family Limited Partnership, a Washington limited partnership, ("Declarant") as of this 22nd day of February, 2022. Declarant is the owner of certain real property (the "Property") in Snohomish County, Washington, legally described on Exhibit A attached hereto. The Property has been subdivided into attached single family residential townhomes as shown on the City of Edmonds, Unit Lot Subdivision Map recorded under Snohomish County recording number 2.0 2 2 0319 15001 in the records of Snohomish County, Washington. NOW, THEREFORE, Declarant hereby declares that the Property, including the improvements constructed or to be constructed thereon, is hereby subjected to the provisions of this Declaration and shall be held, sold, transferred, conveyed, used, occupied and mortgaged or otherwise encumbered subject to the covenants, conditions, restrictions, easements, assessments, and liens hereinafter set forth, which are for the purpose of protecting the value and desirability of, and which shall run with the title to, the Property, and shall be binding on all persons having any right, title or interest in all or any portion of the Property, their respective heirs, legal Page 1 of 33 representatives, successors, successors -in -title and assigns and shall inure to the benefit of each and every owner of all or any portion thereof. 1. DEFINITIONS. 1.1 Words Defined. The following terms shall have the following meanings and definitions shall be applicable to the singular and plural forms of such terms: "Assessment(s)" shall mean all assessments imposed pursuant to this Declaration. "Association" shall mean the 82ND Townhouses Association, which shall be incorporated as a nonprofit corporation in accordance with Washington statute RCW 24.03, its successors and assigns. "Association Lien" shall mean a lien in favor of the Association imposed pursuant to this Declaration. "Board" shall mean and refer to the Board of Directors of the Association, as provided for in this Declaration. For purposes of exercising the powers and duties assigned in this Declaration to the Board, this term shall also mean the "Temporary Board" of "Declarant" as provided herein, unless the language or context clearly indicates otherwise. "Budget" shall mean the operating budget for the Association adopted pursuant to this Declaration. "Building" shall mean any of the detached buildings on the Property. Each Building may contain multiple Residential townhome lots. "Bylaws" shall mean the bylaws of the Association. "Common Expenses" shall mean all costs and expenses incurred by the Association, including, but not limited to, the following: (a) expenses of administration, maintenance, and operation, including, but not limited to, reasonable compensation to employees of the Association, (b) costs of repair or replacement of the Common Elements or any Improvements thereon, (c) premiums or deductibles for all insurance policies and bonds required or permitted by this Declaration, (d) all real property and other taxes and assessments on the Common Elements, (e) utility and service charges, (f) funding of reserves for anticipated operational shortfalls or for replacement of capital items, (g) funding of reserves for the replacement of the Common Elements and any improvements and community facilities therein, and start-up expenses and operating contingencies of a nonrecurring nature, (h) legal fees and costs, (i) the costs of recovering unpaid Assessments, including legal fees and other costs of foreclosure of an Association Lien, 0) fees for professional services, (k) expenses of administration, maintenance, operation, repair or replacement of landscaping performed by the Association or the Association's agent on the Owners' Lots, (1) costs of maintaining any portions of the Buildings which the association is required or permitted to maintain pursuant to this Declaration, (m) the cost of maintaining or repairing any storm water drainage system and private driveway located within the private access Page 2 of 33 and utility easement, (n) any other costs and expenses determined from time to time as reasonably necessary by the Board, or as otherwise incurred by the Association pursuant to this Declaration. "Common Elements" or "Common Property" shall mean any and all real and personal property and easements and other interests therein, together with the facilities and improvements located thereon, now or hereafter owned by the Association for the common use and enjoyment of the Owners. "Declarant" shall mean and refer to Randy N. Clark and Judy L. Clark Family Limited Partnership, a Washington limited partnership. "Declaration" shall mean this Declaration of Covenants, Conditions and Restrictions. "Development Period" shall mean and refer to that period of time defined in Section 4.1 of this Declaration. "Federal Mortgage Agency" means any division of the United States government, including the FHA, HUD, VA, and any federally chartered company such as FANNIE MAE and FREDDIE MAC, which provide, purchase or insure residential mortgages. "First Mortgage" and "First Mortgagee" shall mean, respectively, (a) a recorded mortgage on a Lot that has legal priority over all other Mortgages thereon, and which is held by an institutional Lender, and (b) the holder of a First Mortgage which is an Institutional Lender. "Governing Documents" means this Declaration, and rules and regulations promulgated under the authority granted hereby, and the Articles of Incorporation and Bylaws of the Association, all as amended from time to time. "Improvement" shall mean all Structures and appurtenances thereto of every kind, whether above or below the land surface, including but not limited to, buildings (including Residences), garages, utility systems, walkways, driveways, parking areas, loading areas, landscaping items, swimming pools, sports courts, fences, walls, decks, stairs, poles, landscaping, vegetation, irrigation systems, streets, signs, exterior fixtures, recreational facilities, play structures, lighting, paving, striping, curbs, picnic structures and any other Structure of any kind. "Institutional Lender" shall mean one or more commercial or savings banks, savings and loan associations, trust companies, credit unions, industrial loan associations, insurance companies, pension funds or business trusts, including, but not limited to real estate investments trusts, any other lender regularly engaged in financing the purchase, construction, or improvement of real estate, or any assignee of loans made by such a lender, or any private or goveriunental institution which has insured the loan of such a lender, including Federal Mortgage Agencies, or any combination of any the foregoing entities. "Lot" shall mean each of the lots designated by any plot of land shown upon the recorded Unit Lot subdivision map of the Property, but excluding the numbered Tracts, if any. Page 3 of 33 "Majority Vote" shall mean a vote of the holders of more than 50% of the total number of votes allocated to the Lots in accordance with Section 2.3 below, whether by Class or in the aggregate as so indicated. "Mortgage" shall mean a recorded mortgage or deed of trust that creates a lien against a Lot and shall also mean a real estate contract for the sale of a Lot. "Mortgagee" shall mean the beneficial owner or the designee of the beneficial owner, of an encumbrance on a Lot created by a mortgage or deed of trust and shall also mean the vendor, or the designee of a vendor, of a real estate contract for the sale of a Lot. "Occupant" shall mean a lessee or licensee of an Owner or any other person or entity, other than an Owner, in lawful possession of a Lot, or a portion of a Lot, with the permission of the Owner. "Owner" shall mean and refer to record owner (whether one or more persons or entities) of a fee interest in any Lot, including the Declarant, but excluding Mortgagees or other persons or entities having such interest merely as security for the performance of any obligation. Purchasers or assignees under recorded real estate contracts shall be deemed Owners as against their respective sellers or assignors. "Party Wall" shall have the meaning ascribed to it in Section 10 below. "Person" shall include natural persons and legal entities of all kinds. "Property" shall mean and refer to the real property described with particularity in Exhibit A and such additions to that property which may hereafter be brought within the jurisdiction of the Association. "Residence" shall mean and refer to a residential structure occupying any Lot. "Structure" shall mean any building, fence, wall, driveway, walkway, patio, garage, storage shed, carport, mailboxes, rockery, or the like. "Transition Date" shall mean and refer to that date defined in Section 4.1 of this Declaration. 2. HOMEOWNERS' ASSOCIATION. 2.1 Non -Profit Corporation. The Association shall be incorporated as a nonprofit corporation in accordance with RCW 24.03. 2.2 Membership. Every Person which is an Owner of any Lot shall be a member of the Association. Membership shall be appurtenant to the Lot and may not be separated from ownership of any Lot and shall not be assigned or conveyed in any way except upon the transfer of title to said Lot and then only to the transferee of title to the Lot. All Owners shall have the rights and duties specified in the Governing Documents. Page 4 of 33 2.3 Votin . The Association shall have two classes of voting membership: (a) Class A. Class A members shall be all Owners with the exception of Declarant. Each Owner shall be entitled to one vote for each Lot owned. (b) Class B. The Class B member shall be the Declarant who shall be entitled to three votes for each Lot owned. The Class B membership shall cease and be converted to Class A membership upon expiration of the Declarant Control Period pursuant to Section 4.1 below. A majority of the votes entitled to be cast by the Owner present or represented by proxy at a meeting at which a quorum is present shall be necessary and sufficient for the adoption of any matter voted upon by Owners unless a greater proportion is required by the Declaration, the Articles or these Bylaws. The voting rights of any Owner may be suspended as provided for in the Governing Documents. 2.3.1 Voting Representative. There shall be one (1) voting representative of each Lot. Declarant shall be considered an "Owner" and shall be the voting representative with respect to any Lot owned by Declarant. If a Person (including Declarant) owns more than one Lot, such Person shall have the votes for each Lot owned. The voting representative shall be designated by the Owner but need not be an Owner. The designation shall be revocable at any time by actual notice to the Association from the Owner, or by actual notice to the Association of the death or judicially declared incompetency of the representative. This power of designation and revocation may be exercised by the guardian of a Lot owner, and the administrators or executors of an Owner's estate. Where no designation is made, or where a designation has been made but is revoked and no new designation has been made, the voting representative of each Lot shall be the group composed of all of its Owners. 2.3.2 Joint Owner Disputes. With the exception of Declarant owned Lots, the vote of a Lot must be cast as a single vote, and fractional votes shall not be allowed. In the event that joint Owners are unable to agree among themselves as to how their votes shall be cast, they shall lose their right to vote on the matter in question. In the event more than one vote is cast for a particular Lot, none of such votes shall be counted and such votes shall be deemed void. 2.3.3 Pledged Votes. If an Owner is in default under a First Mortgage on a Lot for ninety (90) consecutive days or more, the Mortgagee shall automatically be authorized to declare at any time thereafter that the Owner has pledged his or her vote on all issues to the Mortgagee during the continuation of the default. If the Association has been notified of any such pledge to a Mortgagee, or in the event the record Owner or Owners have otherwise pledged their vote regarding special matters to a Mortgagee under a fully recorded mortgage or deed of trust, or to the vendor under a duly recorded real estate contract, only the vote of such Mortgagee or vendor will be recognized in regard to the special matters upon which the vote is so pledged, if a copy of the instrument with this pledge has been filed with the Association. Amendments to this section shall only be effective upon the written consent of all of the voting Owners and their respective Mortgagees and vendors, if any. Page 5 of 33 2.4 Meetings. 2.4.1 Annual Meetings, Audits. There shall be an annual meeting of the Owners in each calendar year, or such other fiscal year as may be adopted by the Association, at such reasonable place and time as may be designated by written notice of the Association delivered to the Owners no less than fourteen (14) days and no more than fifty (50) days prior to the date fixed for such meeting. At the armual meeting, there shall be presented a report of the itemized receipts and disbursements for the preceding fiscal year, and allocation thereof to each Owner, and the estimated expenses, if any, for the Association for the coming fiscal year. A Lot Owner, at his own expense, may at any reasonable time make an audit of the books of the Association. 2.4.2 Special Meetings. Special meetings of the Owners may be called at any time for the purpose of considering matters which by the terms of this Declaration require the approval of all or some of the Owners, or for any other reasonable purpose. Such meeting shall be called by written notice of one-third or more Owners, which notice shall be delivered not less than fourteen (14) days and no more than sixty (60) days prior to the date fixed for such meeting. The notice shall specify the date, time and place of the meeting and in general the matters to be considered. 2.4.3 Quorum Requirements for Association Meeting. At all meetings of the Owners, thirty (30%) of the voting Owners present in person or by proxy shall constitute a quorum. A majority of Owners present and entitled to vote, either in person or by proxy shall be sufficient for the passage of any motion or the adoption of any resolution, except in connection with amendment or repeal of this Declaration. If the required quorum is not present, another meeting may be called subject to the requirement of written notice sent to all members at least ten (10) days in advance of such meeting, and the required quorum at the subsequent meeting shall be one-half (1/2) of the required quorum for the preceding meeting. In the absence of a quorum at an Owner's meeting, a majority of those present in person or by proxy may adjourn the meeting to another time but may not transact any other business. An adjournment for lack of a quorum shall be to a date not less than five (5) nor more than thirty (30) days from the original meeting date. 2.5 Bylaws of Association. Bylaws for the administration of the Association and the Property, and for other purposes not inconsistent with the intent of this Declaration, may be adopted and amended by the Board. The Bylaws may contain provisions which are supplementary to, and consistent with the declaration. In particular, but without limitation, the Board may establish provisions for the giving of notice (including electronic notice) of the time and place of meetings, and the like. 2.6 Powers of the Association. The Association shall have the powers enumerated below, any powers reasonably implied from the grant of enumerated powers, and any power reasonably necessary to the effective administration of the Common Elements, and the effectuation of the purposes of this Declaration. Page 6 of 33 (a) Purchase policies of liability and property insurance on the Common Elements and the Buildings, and such other insurance as the Board deems advisable, and take all actions which may be necessary or convenient in dealing with any insurance recovery or any insurance company. (b) Purchase legal and accounting services, if necessary, for the administration of Association affairs, administration of the Common Elements, or the enforcement of this Declaration. (c) Arrange for the maintenance, repair and replacement of the Common Elements. (d) If necessary, maintain any Lot if such maintenance is reasonably necessary in the judgment of the Board to (1) protect Common Elements, or (2) to preserve the appearance and value of the Property as a whole. The Board may authorize such maintenance activities if the Owner or Owners of the Lot have failed or refused to perform maintenance within a reasonable time after written notice of the necessity of such maintenance has been delivered by the Board to the Owner or Owners of such Lot, provided that the Board shall levy a special Assessment against the Owner or Owners of such Lot for the cost of such maintenance. (e) Pay any amount necessary to discharge any lien or encumbrance levied against the entire Property or any part thereof which is claimed or may, in the opinion of the Board, constitute a lien against the Property or a portion thereof and/or against the Common Elements. Where one or more Owners are responsible for the existence of such liens, they shall be jointly and severally liable for the cost of discharging it and any costs or expenses, including reasonable attorneys' fees and costs of title search incurred by the Board by reason of such lien or liens. Such fees and costs shall be assessed against the Owner or Owners and the Lot responsible to the extent of their responsibility. (f) Pay all utility charges attributable to Common Elements. (g) Pay all costs deemed appropriate by the Board to ensure adequate security for the Lots and Common Elements. (h) Improve Common Elements with new capital improvements; provided that for those capital improvements exceeding ($7,500.00), fifty-one (51%) percent of the Owners must approve the addition of such capital improvements to the Common Elements. (i) Enter any Lot or Residence, when reasonably necessary, in the event of emergencies or in connection with any maintenance, landscaping or construction for which the Board is responsible. Except in cases of emergencies, the Board, its agents or employees shall attempt to give notice to the Owner or Occupant of any Lot or Residence twenty-four (24) hours prior to such entry. Such entry must be made with as little inconvenience to the Owners as practicable, and any damage caused thereby shall be repaired by the Board if the entry was due to any emergency (unless the emergency was caused by the Owner of the Lot entered, in which case the cost shall be specially assessed to the Lot). If the work, repairs or maintenance activities were necessitated by the Owner's neglect of the Lot or the Owner's violation of the restrictions or Page 7 of 33 duties set out in this Declaration, the Bylaws or the Articles, the cost of such repair or maintenance activity shall be specially assessed to that Lot. If the emergency or the need for maintenance or repair was caused by another Owner of another Lot, the cost thereof shall be specially assessed against the Owner of the other Lot. 0) Adopt and publish reasonable rules and regulations consistent with this Declaration governing the members and their guests and establish reasonable penalties for any infraction thereof. (k) Employ a property manager to keep the books of the Association, and take such other actions as the Association may deem appropriate. (1) Impose annual and special assessments to pay for Common Expenses. (m) Open a bank account on behalf of the Association and designate the signatories required. (n) Exercise all powers, duties and authority vested in or delegated to the Association and not reserved to the membership by other provisions of the Governing Documents. (o) The power to acquire by gift, pledge or otherwise, own, hold, improve, build upon, operate, maintain, insure, convey, sell, lease, transfer, dedicate for public use or otherwise dispose of real or personal property in connection with the affairs of the Association. (p) The power to borrow money, and with the consent of at least sixty-seven percent (67%) of the voting power of the Association, mortgage, pledge, encumber or hypothecate any or all of its real or personal property as security for money borrowed or debts incurred. (q) With the consent of at least sixty-seven percent (67%) of the voting power of the Association, the power to dedicate, sell, transfer, all or any part of the common elements of the property to any public agency, authority or utility for such purposes and subject to such conditions as may be agreed upon by the Board. (r) The power to participate in mergers and consolidations with other non-profit corporations for the same purposes, provided that any such merger or consolidation shall have the consent of at least sixty-seven percent (67%) of the voting power of the Association. The Association shall have no authority with respect to construction defects in any residence, and such issues will be governed solely by the purchase and sale contract between each Owner and Declarant. 3. MANAGEMENT BY BOARD. 3.1 Management by Board. All administrative power and authority of the Association shall vest in a Board of Directors (the "Board") which after the Transition Date shall have not less than three (3) directors or more than five (5) directors who, after the Transition Date, must be members of the Association or the officer, director, or agent of a Member which is an entity. The Declarant shall have sole authority to appoint all Board Members during the Development Page 8 of 33 Period (the "Temporary Board") and such Declarant -appointed Director(s) need not be members of the Association during the Development Period. The Association (or the Declarant acting alone during the Development Period), by amendment of the Bylaws, may increase the number of directors. All Board positions shall be open for election at the first annual meeting after termination of the Development Period. 3.2 Election of Board of Directors and Terms of Office. The members of the Board shall serve for staggered terms of office as provided in the Bylaws; and as determined at the first Association meeting after the Transition Date at which the initial Board of owners is elected. The Owners shall adopt voting procedures designed to assure that the expiration dates for the term of the initial Board members are staggered. Cumulative voting is not permitted. 3.3 Vacancies. Vacancies in the Board caused by any reason other than the removal of a Board member by a vote of the Association shall be filled by vote of the majority of the remaining Board members, even though they may constitute less than a quorum; and each person so elected shall be a Board member until a successor is elected at the next annual meeting of the Association. 3.4 Removal of Board Members. At any regular meeting or at any special meeting called for that purpose, any one or more of the Board members may be removed with or without cause, by a majority of all of the Owners, and a successor may then and there be elected to fill the vacancy thus created. Any Board member whose removal has been so proposed by the Owners shall be given an opportunity to be heard at the meeting. Notwithstanding the above, until the Development Period has expired, only Declarant shall have the right to remove a Board member. 3.5 Organizational Meeting. The first meeting of a newly -elected Board shall be held immediately following the annual meeting of the Association at which they were elected, and no notice shall be necessary to the newly elected Board members in order to legally conduct such meeting. 3.6 Regular Meeting. Regular meetings of the Board may be held at such time and place as shall be determined, from time to time, by a majority of the Board members, but at least two such meetings shall be held during each fiscal year and one (1) such meeting shall be held immediately following the annual meeting of Owners. Notice of regular meetings of the Board shall be given to Owners. Notice of regular meetings of the Board shall be given to each Board member, personally or by mail or telephone, at least seven (7) days prior to the day named for such meeting. 3.7 Special Meetings. Special meetings of the Board may be called by the President on seven (7) days' notice to each Board member, given personally, or by mail, email, or telephone, which notice shall state the time, place (as hereinabove provided), and purpose of the meeting. Special meetings of the Board shall be called by the President or Secretary in like manner and on like notice on the written request of at least two Board members. 3.8 Waiver of Notice. Before, at, or after any meeting of the Board, any Board member may, in writing, waive notice of such meeting and such waiver shall be deemed equivalent to the Page 9 of 33 giving of such notice. Attendance by a Board member at any meeting of the Board shall be a waiver of notice by him or of the time and place thereof. If all the Board members are present at any meeting of the Board, no notice shall be required and any business may be transacted at such meeting. 3.9 Quorum. At all meetings of the Board, a majority of the members of the Board shall constitute a quorum for the transaction of business, and the acts of a majority of the Board members present at a meeting at which a quorum is present shall be the acts of the Board. If, at any meeting of the Board, there is less than a quorum present, the majority of those present may adjourn the meeting from time to time. An adjournment for lack of a quorum shall be to a date not less than five (5) nor more than thirty (30) days from the original meeting date. At any such adjourned meeting, any business which might have been transacted at the meeting as originally called may be transacted without further notice. 3.10 Compensation. No Board of Director shall receive compensation for any service he may render to the Association as a Director. However, any Director may be reimbursed for his or her actual expenses incurred in performance of his or her duties. 3.11 Fidelity Bonds. The Board may require that all officers and employees of the Association handling or responsible for Association funds shall furnish adequate fidelity bonds. The premiums on such bonds shall be paid by the Association. 4. DEVELOPMENT PERIOD; MANAGEMENT RIGHTS OF DECLARANT DURING DEVELOPMENT. 4.1 Management by Declarant. "Development Period" shall mean that period of time from the date of recording this Declaration until the earlier of. (1) a date seven (7) years from the date of recording this Declaration, or (2) the thirtieth (30th) day after Declarant has transferred title to the last purchasers of a Lot representing ninety-five percent (95%) of the total lots in the Unit Lot Subdivision, or (3) the date on which Declarant elects to permanently relinquish all of Declarant's authority under this Section by written notice to all owners (the "Transition Date"). Until the Transition date, the Property shall be managed and the Association organized at the sole discretion of the Declarant. 4.2 Notice to Owners. Not less than fourteen (14) nor more than fifty (50) days prior to the termination of the Development Period, the Declarant shall send written notice of the termination of the Development Period to the Owner of each Lot. Said notice shall specify the date when the Development Period will terminate and shall further notify the Owners of the date, place and time when a meeting of the Association will be held. The notice shall specify that the purpose of the Association meeting is to elect new Officers and Directors of the Association, and to approve or establish Articles or Bylaws. Notwithstanding any provision of the Articles or Bylaws of the Association to the contrary, for the purpose of this meeting, the presence, either in person or by proxy, of the Owners of thirty-three percent (33%) of the Lots shall constitute a quorum. The Board of Directors and Officers of the Association may be elected by a majority vote of said quorum. If a quorum shall not be present, the Development Period shall nevertheless terminate on that date specified in said notice, the term in office of any director or officer appointed by Page 10 of 33 Declarant shall be deemed terminated, and it shall thereafter be the responsibility of the Lot Owners to provide for the operation of the Association. 4.3 Temporary Board. Declarant may, in its sole discretion, and at such times as the Declarant deems appropriate, appoint two or more persons who may be (but are not required to be) Lot Owners, or are representatives of corporate entities or other entities which are Lot Owners, as a Temporary Board. This Temporary Board shall have full authority and all rights, responsibilities, privileges and duties to manage the Property under this Declaration and shall be subject to all provisions of this Declaration and the Bylaws, provided that after selecting a Temporary Board, the Declarant, in the exercise of his sole discretion, may at any time terminate the Temporary Board and reassume his management authority or select a new Temporary Board. 4.4 Management of Plat During Development Period. So long as no Temporary Board is managing the Property or until such time as the first permanent Board is elected, should Declarant choose not to appoint a Temporary Board, Declarant or a managing agent selected by the Declarant shall have the power and authority to exercise all the rights, duties and functions of the Board and generally exercise all powers necessary to carry out the provisions of this Declaration, including but not limited to enacting reasonable administrative rules, contracting for required services, obtaining property and liability insurance, and collecting and expending all assessments and Association funds. Any such managing agent or the Declarant shall have the exclusive right to contract for all goods and services, payment for which is to be made from any monies collected from assessments. 4.5 Purpose of Development Period. These requirements and covenants are made to ensure that the Property will be adequately administered in the initial stages of development and to ensure an orderly transition to Association operations upon the Transition Date. Acceptance of an interest in a Lot evidences acceptance of this management authority in Declarant. 4.6 Expenditures During Development Period. During the Development Period, Declarant or any successor of Declarant, shall have the sole discretion to use and consume all or so much of the dues paid in as in Declarant's judgment is necessary or expedient in maintaining the Common Elements and carrying out the other functions of the Association. Maintenance of Common Elements include, but are not limited to, (1) replacement of all dead or missing landscaping; (2) irrigation costs and repairs; and (3) costs of repairing damage due to vandalism or other destruction. Other expenditures may include, but are not limited to, any legal fees associated with Declarant, or any successor of Declarant, carrying out any duties during the Development Period, including all costs associated with turning over the Association after the expiration of said Development Period. Upon termination of the Development Period, Declarant shall deliver any funds remaining to the Association. 4.7 Limitations on Liability. Declarant, or any successor of Declarant, shall not be held liable to the Association for monetary damages for conduct as the Declarant and shall be held harmless from any and all legal actions brought by the Association for the administration of the Association prior to expiration of the Development Period. Page 11 of 33 5. BUDGETS AND ASSESSMENTS. 5.1 Budget_ Preparation. Not less than thirty (30) days prior to the beginning of each fiscal year, the Board shall adopt a proposed budget based on an estimate of the charges for Common Expenses to be paid during the year, which may also make provision for creating, funding and maintaining reserves for contingencies, operations, insurance, and maintenance, improvement, repair, replacement and acquisition of the Common Elements, including Cornmon Area Improvements or Structures, and which takes into account any expected income and any surplus available from the prior year's operating fund. 5.2 Ratification of Budget. With respect to any Budget adopted after the Transition Date, the Board shall set a date for a meeting of the Members to consider ratification of the budget. The date of the meeting shall be not less than fourteen (14) nor more than sixty (60) days after a summary of the annual budget or special assessment supplemental budget is mailed to each Member. Unless at that meeting fifty-one percent (51 %) of the Members (not just fifty-one percent (51%) of a quorum) reject the Budget, the Budget is ratified, whether or not a quorum is present. If the proposed Budget is rejected or the required notice is not given, the periodic Budget last ratified by the Members shall be continued until such time as the Members ratify a subsequent Budget proposed by the Board. 5.3 Supplemental Budget/Special Assessment. If during the fiscal year the Budget proves to be inadequate for any reason, including nonpayment for any reason of any Member's Assessment or an unbudgeted Common Expense, the Board may prepare a supplemental budget for the remainder of the year that includes a special assessment. Any supplemental budget that results in an increase in the Assessment charged to a Lot must be ratified pursuant to Section 5.2 above. The Board shall have the authority to determine the date payment of any special assessment is due. The Board has the duty and/or right under various provisions of this Declaration to assess particular sums against specific Owners (and not against all Owners). Such Assessments against particular Owners shall be assessments for all other purposes under this Declaration. 5.4 Assessment of Budgeted Common Expenses Against Lots. The annual expenditures contained in the Budget, net of budgeted income, shall be assessed in equal shares against each Lot. Each Owner of a Lot, for himself or herself, and for his or her heirs, personal representatives, successors and assigns, hereby covenants and agrees, and each subsequent Owner of a Lot by acceptance of a deed therefore, whether or not it shall be so expressed in the deed, is deemed to covenant and agree, to pay to the Association, for each Lot owned, any and all Assessments charged by the Association pursuant to this Declaration. 5.5 Declarant's Liability for Assessments. Declarant shall have the right to not pay Assessments with respect to any Lot owned by Declarant until a Residence has been constructed and occupied on such Lot; provided that until the earlier of the date that (i) Declarant notifies the Association that it will pay full assessments on all Lots which Declarant Owns, (ii) the date all Lots have an occupied Residence located thereon, the Declarant shall pay the difference (if any) Page 12 of 33 between all the actual out of pocket expenses of the Association and the amounts collected in Assessments. The Association may not reduce artificially assessments to take advantage of this obligation. 5.6 Lien of Assessments. Assessments shall be a charge on the real property and shall be a continuing lien upon the real property against which the Assessment is made from the time that the Assessment is due. Recording of the Declaration constitutes record notice and perfection of the lien for Assessments. While no further Recording of any claim of lien for Assessments shall be required to perfect the Association's lien, the Association may record a notice of claim of lien for Assessments in the real property records of the county where the Property is located. Any current or prospective Owner or Mortgagee may request a certificate of Assessments from the Board as provided below, and the certificate shall be conclusive as to the amount of any lien against a Lot or Lots at the time of issuance. 5.7 Personal Obligations. In addition to constituting a lien on the Lot and all its appurtenances, each Assessment, including without limitation interest, late charges, costs and attorneys' fees in the event of delinquency, shall be the joint and several personal debt and obligation of the Owner of the Lot for which the same are assessed as of the time the Assessment is made, and, except as provided in Section 5.12, with respect to Mortgagees, to that Owner's successors in title. Suit to recover personal judgment for any delinquent Assessments shall be maintainable without foreclosing or waiving the liens securing them. No Owner may waive or otherwise escape liability for the Assessments provided for in the Declaration by nonuse or abandouunent of his or her Lot. No Owner shall be entitled to assert as a setoff or defense against his or her obligation to pay Assessments the amount of any obligation or liability due from, or claim asserted against, the Association or any other person. 5.8. Application of Payments. Any payment on an Owner's Assessment account shall be applied first to outstanding fines, then to costs of collection, including attorneys' fees, chargeable to an Owner pursuant to the Declaration, then to interest and late fees, then to regular Assessments, and finally to special Assessments. 5.9 Fiscal Year. The Board may adopt such fiscal year for the Association as it deems to be convenient. Unless another year is adopted, the fiscal year will be the calendar year. 5.10 Date of Commencement of Annual Assessments. The annual Assessments provided for in the Declaration shall commence on and become due and payable in twelve (12) equal monthly installments beginning on the first day of the first month of each fiscal year, or in any other manner as the Board may reasonably require. Written notice of each annual and special Assessment shall be sent to every Member at least thirty (30) days in advance of the date payment is due. Each Member shall be obligated to pay Assessments made pursuant to the Declaration to the Association in equal monthly installments on or before the first day of each month during the year, or in any other reasonable manner as the Board shall designate. Any Assessment not paid in full when due shall be delinquent and shall bear interest as specified herein until paid. Page 13 of 33 5.11 Omission of Assessment. The omission by the Board before the expiration of any year to adopt the budget and Assessments for that or the next year shall not be deemed a waiver or modification in any respect of the provisions of the Declaration for that or any subsequent year, but the Assessment established for the preceding year shall continue until a new Assessment is fixed. 5.12 Priority of Assessments. The lien for payment of Assessments shall have priority over all other liens and encumbrances, recorded or unrecorded, except that the liens created under the Declaration upon any Lot for Assessments shall be subject to tax liens on the Lot in favor of any assessing unit and/or special district and shall be subject to the rights of a Mortgagee in the case of any indebtedness secured by a First Mortgage upon the Lot. Where a Mortgagee or other purchaser of a Lot becomes entitled to possession of a Lot as a result of a Mortgage Foreclosure of a First Mortgage, that possessor and his or her successors and assigns shall not be liable for the share of the Assessments by the Association chargeable to that Lot which became due prior to the mortgage foreclosure sale. That prior unpaid share of Assessments shall, at the discretion of the Board, be deemed to be Common Expenses collectable from all of the Owners including the possessor, his or her successors and assigns. 5.13 Late Charges and Interest on Delinquent Assessments. The Board may from time to time establish late charges and a rate of interest to be charged on delinquent Assessments. In the absence of other established non -usurious rates, the late fee on delinquent Assessments shall be fifty dollars ($50.00) which shall be added to any account which is not paid in full within thirty (30) days of its due date. The interest rate applicable to any account which remains unpaid or delinquent for more than thirty (30) days after the date due shall be twelve percent (12%) per annum, imposed on the entire delinquent balance, compounded monthly. 5.14 Recover of Attorneys' Fees and Costs. The Association shall be entitled to recover any costs and reasonable attorneys' fees incurred in comiection with the collection of delinquent Assessments, whether or not those collection activities result in suit being commenced or prosecuted to judgment. In addition, the prevailing party shall be entitled to recover costs and reasonable attorneys' fees on appeal and in the enforcement of a judgment. 5.15 Certificate of Assessment. A certificate executed and acknowledged by the treasurer or the president of the Association, or the Manager, or another authorized agent of the Association if neither the president nor treasurer nor Manager is available, stating the indebtedness, if any, for Assessments secured by the Association's lien upon any Lot shall be conclusive upon the Association as to the amount of indebtedness on the date of the certificate in favor of all persons who rely thereon in good faith. A certificate of Assessments, in recordable form, shall be furnished to any Member, Owner or any Mortgagee within a reasonable time after request at a reasonable fee to be set by the Board. Unless otherwise prohibited by law, any Mortgagee may pay any unpaid Assessments payable with respect to that Lot and upon payment that Mortgagee shall have a lien on the Lot for the amounts paid of the same rank as the lien of its Mortgage. 5.16 Non -Judicial Foreclosure of Assessment Lien. The Owners, by approval of this Declaration, each hereby bargain, sell and convey to Chicago Title Insurance Company, a Washington corporation (the "Trustee"), in Trust, for the benefit of the Association, as Page 14 of 33 beneficiary, with power of sale, the real property which is subject to this Declaration, which real property is not used principally for agricultural or farming purposes, together with all the tenements, hereditaments, and appurtenances now or hereafter thereunto belonging or in any way appertaining, and the rents, issues and profits thereof. This grant is made by each Owner for the purpose of securing performance of the payment of all Assessments due hereunder against each Owner's respective Lot. Upon default by any Owner in the payment of any Assessment, upon the written request of the Association, the Trustee shall sell the Lot subject to the lien for Assessments, in accordance with the Deed of Trust Act of the State of Washington at public auction to the highest bidder. Any person except the Trustee may bid at Trustee's Sale. The Trustee shall apply the proceeds of the sale as follows: (1) to the expense of sale, including a reasonable Trustee's fee and attorney's fee; (2) to the obligation secured by this grant in trust; (3) the surplus, if any, shall be distributed to the persons entitled thereto. The Trustee shall deliver to the purchaser at the sale its deed, without warranty, which shall convey to the purchaser the interest in the property which the Owner had or had the power to convey at the time of adoption of this Amendment, and such as he or she may have acquired thereafter. The Trustee's deed shall recite the facts showing that the sale was conducted in compliance with all the requirements of law and of the Declaration, which recital shall be prima facia evidence of such compliance and conclusive evidence thereof in favor of bona fide purchaser and encumbrances for value. The Beneficiary may appoint in writing a successor trustee, and upon the recording of such appointment in the real property records of the county in which this Declaration is recorded, the successor trustee shall be vested with all powers of the original trustee. 5.17 Judicial Foreclosure of Assessment Lien. The Association may foreclose the lien of any Assessment by appropriate action in court in the manner that a Mortgage is foreclosed or in any other manner provided by the laws of the State of Washington as they may from time to time be changed or amended. In any action to foreclose a lien against any Lot for nonpayment of delinquent Assessments, any judgment rendered against the Owner of the Lot in favor of the Association shall include a reasonable sum for attorneys' fees and all costs and expenses reasonably incurred in preparation for or in the prosecution of the action in addition to taxable costs permitted by law. The Association shall have the power to bid in at any resulting sale and to purchase, acquire, lease, hold, mortgage and convey any Lot. 5.18 Records. The Board shall cause to be kept complete, detailed and accurate records of all receipts and expenditures of the Association, specifying and itemizing each expense incurred. Except to the extent exempted from disclosure under applicable law, the books and records of the Association, including the records and resolutions authorizing payments by the Association and all contracts, documents, minutes, resolutions, papers and other records of the Association, shall be available for examination and copying upon prior request by any Member, Owner, Mortgagee, prospective purchaser of a Lot, or prospective Mortgagee, personally or by an authorized representative, during normal business hours at the place at which the records are normally kept or at another reasonable time and location established by the Board. The Association may assess reasonable charges against a Member or Owner, as a special Assessment, to cover the direct and indirect costs of examination and copying of Association records by an Owner or Member or their representatives and may require any other requesting party to pay a like charge. Page 15 of 33 5.19 Audit. At least annually, the Association shall prepare, or cause to be prepared, a financial statement of the Association for the inunediately preceding fiscal year. The financial statement shall be audited by an independent certified public accountant unless the audit for that fiscal year is waived by a vote of sixty-seven percent (67%) of the votes cast by Owners, in person or by proxy, at a meeting of the Association at which a quorum is present, or by written ballot. 5.20 Initial Working Capital Contribution. In cormection with the closing of the sale of each Lot, the first purchaser thereof shall pay to the Association, as a nonrefundable initial contribution to the Association's working capital, an amount equal to Five Hundred Dollars ($500.00). The working capital account is not an advance payment of regular assessments. Declarant shall not have the right to use the working capital fund to defray Declarant's expenses, payment of reserve contributions, construction costs, or to make up budget deficits. 6. COMMON ELEMENTS; EASEMENT PROVISIONS. 6.1 Conveyance of Common Elements. As further described in the Plat, Declarant grants, confirms and conveys to the Association for the undivided common use and enjoyment of the Association and Owners, the Common Elements, subject to the easements on the Plat and as otherwise described herein. 6.2 Association to Maintain Common Elements. The Association shall have the right and the obligation to maintain the Common Elements, (except to the extent such maintenance is required to be provided by utility purveyors) and expenses relating thereto shall be Common Expenses to ensure the long-term maintenance and upkeep of common element landscaping, storm drainage facilities, and open space areas and facilities, which cannot be avoided through lease agreements. 6.3 Easements. As further described and shown on the Plat, Declarant has conveyed and established the following easements and hereby grants, confirms and conveys the easements corresponding to the easement areas indicated on the Plat: 6.3.1 Ingress, Egress, and Utilities. A thirty (30) foot easement is granted over, across and under the Common Elements and Lots 1 through 4, inclusive as described in the Plat for the benefit of Declarant, the Association and the Owners, and their respective heirs and assigns, for ingress and egress and the installation and maintenance of underground utilities including the right to install, lay, construct, renew, operate and maintain underground conduits, cables, pipe, and wires with necessary facilities and other equipment for the purpose of serving this subdivision and the Lots with electric, telephone, gas, television cable and other utility services together with the right to enter upon the Lots, Tracts and Common Elements at all times for the purposes herein stated and as shown on the Plat, and for emergency vehicle access to the Lots, and for the purposes of exercising all other rights granted in this Declaration and as shown on the Plat. Such easement includes, without limitation, the right to go upon the Lots of Owners for the purpose of removing Vehicles or other similar objects which are parked or stored in violation of the terms of this Declaration, or otherwise exercise remedial rights under this Declaration. Page 16 of 33 6.3.2 Utility Providers. An easement is granted to all utility providers, and their respective successors and assigns, under and upon the exterior ten (10) feet parallel with and adjoining the street frontage of Lot 4, in which to install, lay, construct, renew, operate and maintain underground conduits, cables, pipe, and wires with necessary facilities and other equipment for the purpose of serving this subdivision and other property with electric, telephone, gas, television cable and other utility services together with the right to enter upon the Lots, Tracts and Common Elements at all times for the purposes herein stated and as shown on the Plat. 6.3.3 Sewer Easement. A Ten (10) foot private sewer easement is granted to the Owners as designated on the Plat, together with the right of ingress and egress, and the right to excavate, construct, operate, maintain, repair and/or rebuild the sewer system and related sewer infrastructure improvements, and/or other sewer facilities, under, upon and through the designated sewer easements. 6.3.4 Maintenance Easements. An easement is granted to the Association and to each Owner, their respective successors, assigns, agents and contractors over, under and across all portions of each Lot, and the Common Elements, including if necessary, the interior of each building for the purposes of performing maintenance, repair and reconstruction obligations imposed on the Association and/or the individual Lot Owner pursuant to this Declaration. The Association and each Owner exercising this right of entry shall: (i) Provide reasonable advance notice prior to such entry; (ii) Utilize only such portion of another Lot, and only for such duration as is reasonably necessary to accomplish a permitted purpose and in a mamier that will not unnecessarily disturb the quiet enjoyment of such other Lot by the Owner thereof, and (iii) At the expense of the Association (in the case of entry by the Association), or at the expense of the entering Owner (in the case of entry by an Owner), restore such other Lot, Common Element and improvements to as near the original condition as reasonably practicable and allow no liens to be placed upon such other Owner's Lot. This provision is intended to be interpreted in favor those Owners burdened by this easement who must grant entry for the exercise of these easements rights, and shall be liberally construed to ensure that such Owners are not unreasonably inconvenienced or suffer damages by reason of such entry. 6.3.5 Utilities. An easement is hereby granted to each Owner upon, across, over, through and under the Property for ingress, egress, installation, replacement, repair and maintenance of all utility and service lines and systems including, but not limited to water, sewer, storm water retention, gas, telephone, electricity, television, cable, or communication lines and systems for those utilities initially installed by the Declarant. This easement shall benefit each Lot and the providers of all such utilities. The location of certain of these utility easements is described in the Plat. In addition, certain of the utility and service lines were or will be installed in the buildings at locations which will not be identified on any map or plan. Those utility and service lines were or will be installed between the floor and ceiling joists and in common "party" walls based on field and construction considerations and in some instances without regard to ownership boundaries. Consequently, each Owner is benefited by an easement for the continued Page 17 of 33 use, maintenance, repair and replacement of those utility and service lines to the extent the same are located outside the boundaries of such Owner's Lot. 7. ADMINISTRATION, USE AND MAINTENANCE OF COMMON ELEMENTS. 7.1 Association Responsibility for Maintaining Common Elements. The Association is responsible for maintaining, repairing and replacing, as necessary, all improvements located in the Common Elements. 7.2 Repair of Damaged Improvements in Common Elements. Any damage to Common Elements or improvements thereon, including landscape plantings, sprinkler systems, fences, etc., if any, by the Owners or their children or guests shall be repaired by the Association and the responsible Owner will be obliged to immediately remit funds for the repair. If the Owner fails to promptly make payment for such repairs, the payment due shall be treated as a late assessment and the Owner shall be subject to the late payment and lien provisions described in Sections 5.6 and 5.13 and as otherwise set forth in this Declaration. 7.3 Alteration of the Common Elements. Nothing shall be altered, or constructed in, or removed from the Common Elements, including fences and landscaping, except by the Declarant or the Association. No Structures, vehicle parking, storage of vehicles or storage of materials shall be allowed in Common Elements, except for on street parking, subject to such rules and regulations as the Board may adopt from time to time. 7.4 Dumping in Common Elements. No trash, plant or grass clippings or other debris of any kind shall be dumped, deposited or placed on or within the Common Elements, except for garbage and recycling materials deposited in the containers specified for such materials. 7.5 Management. Each Owner expressly covenants that the Association and/or the Declarant, during the Development Period, may delegate all or any portion of their management authority to a managing agent, manager or officer of the Association and may enter into such management contracts or other service contracts to provide for maintenance and the operation of Common Elements and any portion thereof. Any management agreement or employment agreement for the maintenance or management of the Common Elements or any portion thereof shall be terminable by the Association without cause and without payment of penalty upon ninety (90) days' written notice thereof, the term of any such agreement shall not exceed one (1) year, renewable by agreement of the parties for successive one (1) year periods. Each Owner is bound to observe the terms and conditions of any such management agreement or employment contract, all of which shall be made available for inspection by any Owner on request. 8. MAINTENANCE OF LOTS. 8.1 Maintenance by Owner. Except where the obligation is imposed on the Association by Section 8.2, each Lot and Residence shall be maintained by the Owner in a lawful, neat, clean Page 18 of 33 and attractive condition at all times. Without limiting the generality of the foregoing, each Owner's obligations include the following: (i) Refuse. Each Lot shall be kept free of accumulations of litter, junk, containers, equipment, building materials and other debris. All refuse shall be kept in sanitary containers sealed from the view of any Lot. The containers shall be emptied regularly and their contents disposed of off the Property. No grass cuttings, leaves, limbs, branches, and other debris from vegetation shall be dumped or allowed to accumulate on any part of the Property, except that a regularly tended compost device shall not be prohibited in any back yard. (ii) Storage and Parking. No storage of goods, vehicles, boats, trailers, trucks, campers, recreational vehicles, or any other equipment or device shall be permitted in open view from any Lot or right-of-way, including driveway areas, with the exception Guests or invitees of Owners may temporarily park in the driveway areas of an Owner's Lot while visiting. (Cars, boats, trailers, trucks, campers and recreational vehicles shall be referred to as "Vehicles.") Commercial -type trucks, campers, trailers, motorhomes, boats or motorcycles shall be parked only inside the garage. Inoperative motor vehicles shall be parked and/or stored only inside the garage. There shall be no parking of Vehicles in any Tract or common property, nor shall any Vehicles or Owner block access to or from any Tract or common property by order of the Snohomish County Fire Marshall's office. (iii) In any case where the Owners located in a single Building have any disagreement with respect to the maintenance of their respective portions of such Building, any such Owner shall have the right to have such dispute resolved by the Board, by written notice to the Secretary and President of the Association, with copies to all other Owners located in such Building. Each affected Owner shall have the right to submit such written materials to the Board as it desires, subject to such time and page limits as the Board may wish to impose. The Board shall within forty-five (45) days after such notice hold a meeting for the purpose of resolving the issue, at which each of the Owners shall be entitled to present its position, subject to such procedural limitations as the Board may impose. The Board may resolve the issue at such time, or later in executive session. The resolution of the Board shall be in writing, and shall be final and binding on the parties. The Board may engage the services of counsel in connection therewith, and the fees of such counsel may be (but are not required to be) specially assessed against any Owner who is found to be substantially in the wrong. Any resolution by the Board may include having the Board cause any work to be done, with the cost of the work specially assessed against the Owners of the improvements in question, together with a twenty percent (20%) administrative fee. (iv) Certain Lot Landscaping. Repair and routine maintenance of landscaping located within each Lot and repair of any damage to landscaping which is covered by insurance (including damage which is below the amount of any deductible). (v) Perimeter fencing. Repair and maintenance of any perimeter fencing and fencing located between Lots by the owner on whose Lot the fencing is located. 8.2. Lot Maintenance by the Association. Page 19 of 33 8.2.1 Basic Obligations. The Association shall be responsible for: (i) Exterior Paint and Weather Sealing. Painting, sealing, flashing and caulking of exterior building surfaces (including deck coverings). (ii) Roof Maintenance and Replacement. Repairing and replacing roofs, gutters, and down spouts. The Association shall be also be responsible for repair or replacement of interior damage caused by leaks through portions of the exterior of Buildings that the Association is responsible for maintaining, but excluding damage to improvements and betterments installed in the Residence by an Owner. The Association may either repair or replace damaged portions of the building, including finishes and fixtures, with materials and workmanship of like kind, quality and condition as was originally installed by the Declarant or may pay the Owner an amount equal to the cost of such repair and replacement in lieu of doing such work. All decisions regarding maintenance and repair shall be determined by the Board. (iii) Drainage, Sewer, Utility, and Private driveway. The Association shall be responsible for the repair and replacement of the asphalt driveway and utility improvements located within the thirty (30) foot private access and utility easement as shown on the plat map. The Association shall be responsible for the repair and replacement of any sewer improvements located within the ten (10) foot sewer easement. 8.2.2 Optional Obligations. The Association shall perform any maintenance, repair or replacement that this Declaration imposes upon the Owners as their individual responsibility, if the Owners have elected by a vote or consent of fifty-one percent (51 %) of the total voting power (not just of a quorum) to delegate such responsibility to the Association. 8.2.3 Rightperform Maintenance Neglected by an Owner. In the event any Owner fails to perform any obligation required under this Declaration including, after reasonable written notice to the Owner, the Association may enter upon the Lot to perform the required obligation. All costs related to the performance of such obligation shall be specially assessed to such Owner, plus an administrative fee equal to twenty percent (20%) of such cost. 9. LAND USE RESTRICTIONS. 9.1 Residential Restrictions. All Lots within the Property shall be used solely for private single-family residential purposes. Private single-family residences shall consist of no less than one Lot. A garage may not be converted to living area space. No single Residence shall be altered to provide a residence for more than one family. 9.2 Property Use Restrictions. No Lot shall be used in a fashion which unreasonably interferes with any Owner's right to use and enjoy their respective Lots or Common Elements. No Owner or their guests or invitees shall obstruct or block access through any of the Common Elements. The Board, the Committee designated by it, or the Declarant during the Development Period, shall determine whether any given use of the Lot or Common Elements unreasonably interferes with those rights. Such determinations shall be conclusive. Page 20 of 33 9.3 Prohibition of Nuisances and Untidy Conditions. No noxious or offensive activity shall be conducted on any Lot or Common Elements, nor shall anything be done or maintained on the Property which may be or become an activity or condition which unreasonably interferes with the right of other Owners to use and enjoy any part of the Property. No activity or condition shall be conducted or maintained on any part of the Property which detracts from the value of the Property as a residential community. 9.4 Fences, Walls and Shrubs. Fences, walls or shrubs are not permitted to be constructed by an owner to delineate the Lot lines of each Lot in the absence of the approval of (1) the Board, and (2) determination whether such fences, walls or shrubs would interfere with utility easements reflected on the face of the Plat and other easements elsewhere recorded. All fences constructed in the Plat must be the same as the fences constructed by the Declarant, unless otherwise authorized by the Declarant or the Board. 9.5 Temporary Structures. No structure of a temporary character or trailer, recreational vehicle or other out buildings shall be used on any Lot at any time as a residence, either temporarily or permanently for residential purposes, except for such structure or trailer used by Declarant during the construction or sale of residences. All such structures shall be removed at the expense of the Owner of the Lot on which the structure is located. 9.6 Sig_ns. No signs, billboards, or other advertising structure or device shall be displayed to the public view on any Lot, except one sign not to exceed five (5) square feet in area, may be placed on a Lot to offer the property for sale or rent. Signs also may be used by the Declarant to advertise the property during the construction and sale period. All such signs shall be of a quality equivalent to those used by Declarant. One sign will be allowed at the entry to the Plat, unless otherwise authorized and approved by Declarant. Political yard signs not more than five (5) square feet, of a temporary nature, will be allowed during campaign periods on Lots. Within five (5) days of the occurrence of the election, such signs must be removed from Lots. The Board may cause any sign placed on Property in violation of this provision to be removed or destroyed. Notwithstanding the foregoing, the Declarant shall have the right to maintain such signage on the Property as it deems necessary in its sole discretion incident to the sales process. 9.7 Animals. No animals, other than dogs, cats, caged birds, and tanked fish, may be kept on any Lot. No more than two (2) mammalian pets may be kept on any Lot. Dogs shall not be allowed to run at large, and no dog runs shall be permitted. Leashed animals are permitted within roadways and Tracts. Efforts should be made by the person accompanying the animal to remove animal waste deposited on lawns and rights -of -way. All pens and enclosures must be approved by the Board prior to construction and shall be kept clean and odor free at all times. If the investigation of the Board indicated that animals are kept in violation of this section, the Board will give the Owner ten (10) days' written notice of the violation. Such violations must be remedied by the Owner within ten (10) days. Failure to comply with the written notice will result in a fine of twenty-five dollars ($25.00) per day. The Association shall be entitled to reimbursement of all attorney fees and associated costs for any action taken to collect such fines. If a Lot Owner violates provisions of this section regarding pens and enclosures on more than two (2) occasions, the Board may require the Lot Owner to remove such structure. Persistent Page 21 of 33 disturbances caused by a Lot Owner's barking dog may be considered an unreasonable interference with the right of other Owners to use and enjoy their property. The Board may require the Lot Owners to keep a barking dog indoors. 9.8 Protection of Trees. Homeowners shall not cut down trees located on Lots within the Plat unless such trees are dead. It shall be necessary for homeowners to obtain the permission of the Board before cutting or pruning such trees. This provision only applies to trees in the Plat as developed by Declarant and trees planted prior to Declarant's development and shall not apply to trees which owners' plant on their Lots. 9.9 Radio and Television Aerials and Satellite Dishes. No more than one satellite or receiving device shall be installed on any Lot and the maximum diameter of any such device shall be eighteen inches (18"). Satellite dishes shall be installed on the back yard side of all Lots. 9.10 Trash Containers and Debris. All Owners shall place their trash in the trash containers, their yard waste in the yard waste containers and their recycled materials in the recycling containers, and except on trash pickup days, such containers shall be located in the garage. 9.11 Noise and Offensive Activity. Owners, or any Occupant of the Property, shall refrain from malting loud noises or playing musical instruments, radios, televisions, electronic music or using amplifiers at noise levels that may disturb other Occupants of the Property or disturb surrounding property owners in the neighborhood. No Owner shall mount any speakers or equipment containing speakers on any Party Wall; provided that Owners may mount flat screen televisions with stock speakers on Party Walls. Any disputes regarding such matters may at the request of any Owner be resolved by the Board in the same manner as provided in Section 8.1 above for resolution of disputes concerning Lot maintenance. Owners are advised that living in a townhome necessarily involves some compromise in acoustical privacy. Certain of the Lots are adjacent to an arterial road, which also could create noise issues. In no event shall the Association or the Declarant have any liability to any Owner with respect to noise issues. 9.12 Damage. Any damage to Common Elements by Owners, their children, contractors, agents, visitors, friends, relatives or service personnel shall be repaired and restored by the Association and any associated expense shall be assessed against the Owner(s) causing such darnage as a type of assessment. 10. PARTY WALLS. This Section 10 shall apply to the party walls between the adjoining Residences. 10.1 Maintenance. The Ownership of each party wall shall be divided between the adjoining Owners so that each owns to the center of the wall, irrespective of whether the center of the wall is located exactly on the boundary line of that Owner's lot and each Owner shall maintain and repair its portion of the wall except as otherwise provided in Section 10.2 below. 10.2 Damage to Party Wall Without Significant Damage to Dwelling Units. Page 22 of 33 10.2.1 If a party wall is damaged and (1) the damage was not caused by the fault or negligence of either of the adjoining Owners of the wall, and (2) neither dwelling unit has suffered Substantial Damage (defined below) other than that to the party wall, and (3) the damage is not insured by the Association's property insurance policy, then the Owners of the adjoining dwelling units shall each pay half of the cost of repairing or rebuilding the party wall. The wall shall be repaired or rebuilt to substantially the same condition and in the same location as the party wall was in immediately before the damage. Substantial Damage shall mean damage which is estimated to cost more than five thousand dollars ($5,000.00) to repair. 10.2.2 If a party wall is damaged and (1) the damage was caused by the fault or negligence of one (but not both) of the adjoining Owners of the wall, and (2) neither dwelling unit has suffered Substantial Damage other than that to the party wall, then the Owner who caused the damages shall at his/her sole cost and expense repair or rebuild the party wall to as nearly as practicable the same condition and in the same location as the party wall was in immediately before the damage and shall repair the resultant damage, if any, to the other dwelling unit. Each Owner of the adjoining dwelling units shall have the right to full use of the party wall as repaired or rebuilt. 10.3 Damage to Party Wall with Other Damage to Dwelling Unit. If a party wall is damaged and either or both of the adjoining units suffers Substantial Damage, the party wall will be repaired or rebuilt with costs shared as provided in Section 10.2.1, and the cost of repairing the damage to each unit shall be paid by the Owner of that unit. 10.4 Access to Party Wall Interior. Each Owner shall have the right, at its sole expense, to drill into, cut into or otherwise gain access to the interior of a party wall for the purpose of maintaining, repairing or restoring and, if consent be first obtained, remodeling or altering, water, utility, soundproofing or other services or amenities to its unit subject to (1) the obligation to restore the party wall to the same condition it was in immediately before such act, and (2) responsibility to the Owner of the other dwelling unit adjoining the party wall for any damages caused thereby. 10.5 No Alteration. No Owner may make any changes to or alterations to a party wall which affects the adjacent Owner without the written consent of the other Owner. 10.6 Easement for Inadvertent Encroachment. Each Owner shall have an easement over the adjacent Lot for the following purposes; (a) To have the party wall remain and be rebuilt in its same location as when originally built; (b) To use, for party wall purposes, that portion of the adjoining Residence upon which the party wall is built; and (c) For access through, in, or upon any portion of the adjoining Residence reasonably necessary to effect repairs to, maintenance of or reconstruction of the party wall or that portion of any foundation, exterior wall or roof of the structure which meets with, adjoins or is connected to the party wall. Page 23 of 33 10.7 Weatherproofing. Each Owner shall take all steps reasonably required to, upon or in its Residence to protect the party wall from infestation of, damage from or exposure to: rain, snow, hail, wind and other weather conditions; moisture, dry rot, rodents, termites and other damaging or dangerous vermin or insects; and deterioration or other injury, whether sudden or cumulative, from any use of or condition in his dwelling Residence except wear and tear incident to ordinary and prudent use and condition of the unit. 10.8 Rights in the Event of Default. If an Owner fails to perform any act or make any payment required by this Section 10, and such failure continues after five (5) days prior written demand from adjoining Owner(s), then the adjoining Owner(s) may cure the default and charge the defaulting Owner for the cost of the cure, which shall be due upon demand, with interest at twelve percent (12%) per annum until repaid. Further, the curing Owner(s) shall have a lien upon the defaulting Owner's property, which may be recorded and, if recorded, shall contain the information required in a mechanic's lien. The lien may be foreclosed in the manner as provided and with the priority with respect to mechanic's liens. In addition, the curing Owner(s) shall have the right of access to, through, in or upon and to use the Residence and Lot of the defaulting Owner for the purpose of performing the act. 10.9 Equipment, Utilities and Other Portions of a Party Wall. For the purposes of this Section, the term "party wall" includes everything, if anything, located within such wall (such as studs, framing, insulation, soundproofing material, pipes, wires, joints, junction boxes and other materials or equipment related to utilities) and below the wall (such as the surface of the ground and footings located in the ground.) 11. ALTERATIONS TO OR REBUILDING OF A RESIDENCE. 11.1 Uniformity of Appearance. Declarant has built or is building a series of single-family townhomes on the Property as a unified development. One of the purposes of this Declaration is to assure purchasers of homes in this project that the Residences will maintain a uniformity of use and appearance and quality. Each Owner shall maintain the uniformity of appearance of the exterior of its Residence, including with regard to paint colors and exterior finishes. 11.2 Uniformity of Design. Following the construction of the initial units by Declarant, no Residence shall be altered (including the rebuilding of a damaged Residence) unless the alteration is designed and constructed to match the design and construction of the previous Residence and other Residences on the Property. If an Owner wishes to alter the exterior appearance or design of a Residence (including without limitation paint color), it shall submit to the Association detailed information regarding the proposed design and appearance of the alteration. The Owner shall be permitted to make the alteration(s) only if the Owners of a majority of the Lots, including the Owner(s) whose party walls adjoin the altered unit, approve of the design and detailing of the alteration. Owners acknowledge that in rebuilding or modifying the Residence on their Lot, there might not be clear demarcation or breaks in materials or surfaces between their Residence and the adjoining Residence, and that it is the rebuilding Owner's obligation (at such Owner's sole cost) to construct or reconstruct Residences such that surface materials, textures, colors and finishes flow from one Residence to the other without disruption. Page 24 of 33 12. COMPLIANCE WITH GOVERNING DOCUMENTS. 12.1 Strict Compliance. Each person who occupies a Lot within the Development as an Owner or Occupant shall comply strictly with the provisions of the Governing Documents and with all decisions of Board (referred to in the Declaration as `Board Decisions") adopted pursuant to the Governing Documents, including a decision made after a hearing required under the Declaration. The acceptance of a deed, conveyance, or lease, or the entering into occupancy of any Lot shall constitute an agreement that the provisions of the Governing Documents are accepted and ratified by that Owner, Tenant or Resident and all provisions of the Governing Documents shall be deemed and taken to be covenants running with the land and shall bind any person having at any time any interest or estate in the Lot, as though the provisions were recited and stipulated at length in each and every deed, conveyance or lease of the Lot. 12.2 Failure to Insist on Strict Performance; No Waiver. The Board shall exercise its business judgment in determining what actions to take in the enforcement of the Governing Documents. The failure of the Board to insist upon the strict performance of any of the terms, covenants, conditions or restrictions of the Governing Documents, or to exercise any right or option contained in the Governing Documents, or to serve any notice or to institute any action, shall not be construed as a waiver or relinquishment for the future of that term, covenant, condition or restriction, but the term, covenant, condition or restriction shall remain in full force and effect. The receipt by the Board of any Assessment from an Owner with knowledge of any breach shall not be deemed a waiver of a breach, and no waiver by the Board of any provision of the Governing Documents shall be deemed to have been made unless expressed in writing and signed by the appropriate officers on behalf of the Board. 12.3 Enforcement Procedures. In the event of any violation by an Owner or Occupant, the Association and any aggrieved Owner shall have all of the rights and remedies which may be provided for in the Governing Documents, or which may be available at law or in equity. 12.4 Internal Enforcement Procedures. 12.4.1 Complaint Review Panel. Except as hereinafter provided, the Board or committee appointed by the Board shall serve as the Complaint Review Panel ("Panel") and shall investigate, hear and determine all complaints concerning violations by any Owner, Tenant, or other Resident pursuant to procedures set forth in reasonable policies adopted by the Board from time to time. The Panel is authorized to order compliance with the applicable provision of the Governing Documents or a Board Decision. Any member of the Panel who is incapable of impartial, disinterested and objective consideration of the case shall disclose this to the Panel and shall remove himself or herself from participation in the proceedings and have it so recorded in the minutes. 12.4.2 Informal Dispute Resolution Procedure. The Association and Owners intend that an informal process be followed prior to the initiation of a formal hearing process against any party subject to the Governing Documents. To that end, any member, employee or agent of the Association has the authority to request that an Owner, Tenant or Resident of any Lot cease or Page 25 of 33 correct any act or perform any omission which appears to be in violation of the Governing Documents or of any Board Decision. The informal request must be made, either verbally or in writing, prior to initiation of the formal hearing process. 12.5 Judicial Enforcement. Failure to comply with a provision of the Governing Documents or a decision of the Board or Complaint Review Panel shall be grounds for an action to recover sums due for damages, fines and any costs incurred by the Association in connection with the proceedings before the Panel, including reasonable attorney's fees incurred by the Association. Such action shall be maintainable by the Association (acting through the Board) on behalf of the Owners. Such violation shall further be sufficient grounds for the granting of injunctive relief in such an action, and a showing of irreparable harm shall not be a prerequisite to issuance of such injunctive relief. Nothing contained in the Declaration shall be deemed or construed as a waiver of the Association's right to bring a judicial action without first exhausting the Association's internal enforcement procedures in cases where the Board deems immediate judicial action to be necessary or appropriate. In the event that the Board fails or refuses, after demand by an aggrieved Owner, to take appropriate action to enforce compliance with any provision of the Governing Documents or any Board or Panel Decision, an aggrieved Owner on his or her own may maintain an action for damages or injunctive relief against the party failing to comply. In any judicial action to enforce compliance with the Governing Documents, or a decision of the Board or Panel, the prevailing party, including the Association, shall be entitled to recover from the non -prevailing party, whether or not the action proceeds to judgment, its costs and a reasonable sum for attorneys' fees incurred in conmection with the action, in addition to actual costs. 12.6 Enforcement Against Occupants. The occupancy of a Lot by a Tenant and every lease shall be subject to the Governing Documents of the Association. By entering into occupancy of a Lot, a Tenant or other Occupant agrees to be bound by the Governing Documents. A breach of the Governing Documents by a Tenant shall be deemed to be a breach of his or her lease. In the event of a Violation by a tenant or other Occupant, the Board may notify the Owner, and the Tenant or other Occupant, of the violation and demand that they be remedied through the Owner's efforts within twenty (20) days after the notice. The Owner shall, within five (5) days of such notice, serve upon the Tenant or other Occupant in the manner provided by law, a notice to comply or quit the premises. If the violation is not remedied within the twenty (20) day period, then the Owner shall immediately thereafter, at his or her own cost and expense, institute and diligently prosecute an unlawful detainer action. The unlawful detainer action shall not be compromised or settled without the prior written approval of the Board. If the Owner fails to fulfill the foregoing obligation, then the Board shall have the right, but not the duty, to institute and prosecute an unlawful detainer action as attorney -in -fact for the Owner and at the Owner's sole cost and expense, including all legal fees incurred. The costs and expenses of the action shall be deemed to constitute Assessments secured by a lien on the Lot involved as well as the personal obligation of the Owner, and collection thereof may be enforced by the Board in the same manner as any other Assessment. Each and every Owner does hereby automatically and irrevocably name, constitute, appoint and confirm the Association as his or her attorney -in -fact for the purposes described in this section. 13. LIMITATION OF LIABILITY. Page 26 of 33 So long as a Director, or Association member, or Declarant, acting on behalf of the Association, has acted in good faith, without willful or intentional misconduct, upon the basis of such actual information as is then possessed by such Person, then no such Person shall be personally liable to any Owner, or to any other Person, including the Association, for any damage, loss, or prejudice suffered or claimed on account of any act, omission, error, or negligence of such Person. 14. INDEMNIFICATION. Each Director or Officer of the Association acting on behalf of the Association shall be indemnified by the Association against all expenses and liabilities, including attorney fees, reasonably incurred by or imposed in connection with any proceeding to which such person may be a party, or in which such person may become involved, by reason of holding or having held such position, or any settlement thereof, whether or not such person holds such position at the time such expenses or liabilities are incurred, except in such cases wherein such Director or Officer is adjudged guilty of willful misfeasance in the performance of his or her duties; provided, that in the event of a settlement, the indemnification shall apply only when the Association approves such settlement and reimbursement as being for the best interests of the Association. 15. INSURANCE. 15.1 General Requirements. Corninencing not later than the time of the first conveyance of a Lot to a Person other than the Declarant, the Association shall maintain, to the extent reasonably available, a policy or policies and bonds necessary to provide: (a) property insurance; (b) commercial general liability insurance; (c) fidelity bonds; (d) workers' compensation insurance to the extent required by applicable laws; (e) directors and officers liability insurance; and (f) such other insurance as the Board deems advisable. The Board shall review at least annually the adequacy of the Association's insurance coverage. All insurance shall be obtained from insurance carriers with a minimum A VIII Best's financial rating and authorized to do business in the state of Washington, and, if required, meet the specific requirements of any Federal Mortgage Agency regarding the qualifications of insurance carriers. Notwithstanding any other provisions herein, the Association shall continuously maintain in effect property and liability insurance and fidelity bonds that meet the requirements for fee simple townhome projects established by any Federal Mortgage Agency so long as any of them is a holder of a Mortgage or Owner of a Lot, except to the extent such coverage is not available or has been waived in writing by them. All such insurance policies and fidelity bonds shall provide that coverage may not be canceled or substantially modified without at least thirty (30) days' (ten (10) days' cancellation for nonpayment of premium) prior written notice to any and all insureds named therein, including Owners, Mortgagees, and designated servicers of Mortgages. 15.2 Property Insurance. The property insurance policy shall, at the minimum, and subject to deductible amounts consistent with Fannie Mae requirements, provide all risk or special cause of loss coverage in an amount equal to the full replacement cost of the Common Elements, equipment, improvements and betterments on each Lot installed by the Declarant, and all fixtures and personal property belonging to the Association with an "Agreed Amount Page 27 of 33 Endorsement" and, if required by a Federal Mortgage Agency, construction code endorsements, such as a "Demolition Cost Endorsement," a "Contingent Liability from Operation of Building Laws Endorsement," an "Increased Cost of Construction Endorsement," "Combined Business Interruption Coverage,?' "Boiler and Machinery Coverage," and such other endorsements as any Federal Mortgage Agency deems necessary and are available. The policy shall provide for separate coverage for each Residence to the replacement cost thereof, and a separate loss payable endorsement in favor of the Mortgagee or Mortgagees of each Lot. The Association or insurance trustee, if any, shall hold insurance proceeds in trust for the Owners and their Mortgagees, as their interests may appear. Each Owner and the Owner's Mortgagee, if any, shall be beneficiaries of the policy in accordance with their respective Common Expense Liabilities. Certificates of insurance shall be issued to each Owner and Mortgagee upon request. 15.3 Liability Insurance. The policy of public liability insurance shall insure the Board, the Association, the Owners, and the managing agent, and cover all of the Common Elements in the Project with a "Severability of Interest Endorsement" or equivalent coverage which would preclude the insurer from denying the claim of an Owner because of the negligent acts of the Association or of another Owner, and shall cover liability of the insureds for property damage and bodily injury and death of persons arising out of the operation, maintenance, and use of the Common Elements, liability in connection with employment contracts of the Association, host liquor liability, employers' liability (stop gap) insurance, non -owned and hired automobile liability insurance, and such other risks as are customarily covered with respect to projects of similar construction, location and use. The limits of liability shall be in amounts generally required by Mortgagees for projects of similar construction, location and use but shall be at least one million dollars ($1,000,000.00) bodily injury and property damage per occurrence and two million dollars ($2,000,000) general aggregate. 15.4 Insurance Trustee; Power of Attorney. The named insured under the policies referred to above shall be the Association, as trustee for each of the Owners. The insurance proceeds may be made payable to any trustee with which the Association enters into an insurance trust agreement, or any successor trustee, who shall have exclusive authority to negotiate losses under the policies. The proceeds must be disbursed first for the repair or restoration of the damaged property, and Lot Owners and lienholders are not entitled to receive payment of any portion of the proceeds unless there is a surplus of proceeds after the Property has been completely repaired or restored. Each Owner appoints the Association, or any insurance trustee or successor trustee designated by the Association, as attorney -in -fact for the purpose of purchasing and maintaining such insurance, including the collection and appropriate disposition of the proceeds thereof, the negotiation of losses and execution of releases of liability, the execution of all documents and the performance of all other acts necessary to accomplish such purposes. 15.5 Additional Policy Provisions. The insurance obtained shall contain the following provisions and limitations: (a) Each Lot Owner is an insured Person under the policy with respect to liability arising out of the Owner's interest in the Plat or membership in the Association. Page 28 of 33 (b) Such policies shall not provide for contribution by (or Assessment against) Mortgagees or become a lien on the Property superior to the lien of a First Mortgage. If, at the time of the loss under the policy, there is other insurance in the name of the Owner covering the same risk covered by the policy, the Association's policy provides primary Insurance. (c) Coverage shall not be prejudiced by: (a) any act, omission or neglect of the Owners when such act or neglect is not within the scope of the Owner's authority on behalf of the Association, or (b) failure of the Association to comply with any warranty or condition with regard to any portion of the premises over which the Association has no control. (d) A waiver of subrogation by the insurer as to any and all claims against the Association, the Owner, and/or their respective agents, members of the Owner's household, employees, or lessees, and of any defenses based upon co-insurance or upon invalidity arising from the acts of the insured. (e) A standard mortgagee clause which shall: (i) Provide that any reference to a mortgagee in the policy shall mean and include all holders of Mortgages of any Unit or Unit lease or sublease in their respective order of preference, whether or not named therein; (ii) Provide that such insurance as to the interest of any Mortgagee shall not be invalidated by any act or neglect of the Board or Owners or any Persons under any of them; (iii) Waive any provision invalidating such mortgagee clause by reason of the failure of any Mortgagee to notify the insurer of any hazardous use or vacancy, any requirement that the Mortgagee pay any premium thereon, and any contribution clause; and (iv) Provide that, without affecting any protection afforded by such mortgagee clause, any proceeds payable under such policy shall be payable to the Association or the insurance trustee. 15.6 Fidelity Bond Directors and Officers Insurances. The required fidelity bonds shall afford coverage to protect against dishonest acts on the part of officers, directors, trustees, and employees of the Association and all other Persons who handle or are responsible for handling funds of, or fiends administered by the Association. The Managing Agent shall maintain fidelity bonds for its officers, employees, and agents who handle or who are responsible for handling funds of, or fiends administered by the Association. All such fidelity bonds shall name the Association as an obligee and shall be not less than three months' aggregate Assessments. The bonds shall contain waivers of any defense based upon the exclusion of Persons who serve without compensation from any definition of "employee" or similar expression. The Association shall obtain directors and officers liability insurance which shall at a minimum insure each director and officer of the Association against any loss arising from any claim for any alleged wrongful act made by such person while acting in his/her capacity as director or officer of the Association. Page 29 of 33 15.7 Owner's Insurance. Each Owner shall maintain property insurance in reasonable amounts on all of its furnishings and personal property located in the Residence. The Board shall have the authority to further define or expand such requirement by rule, and to prescribe enforcement mechanisms. 16. DAMAGE OR DESTRUCTION; RECONSTRUCTION. 16.1 Obligation to Rebuild. If all or any portion of any Common Element is damaged, the Association shall repair the same, and any uninsured portion of such cost shall be a Common Expense. If any Residence is damaged or destroyed by fire or other casualty, it shall be the duty of the Association to rebuild, repair or reconstruct the Residence in a manner which will restore it substantially to its appearance and condition immediately prior to the casualty, acting with all reasonable diligence and as soon as reasonably possible. Except as provided by statute, hazard insurance proceeds received by the Board shall be used exclusively for repair, replacement or reconstruction unless the Board and seventy-five percent (75%) of the Owners, including the Owner of any Unit which has been damaged or destroyed have given their prior written approval to another use. 16.2 Liability for Uninsured Amounts. Notwithstanding any other provision of this Declaration, and except to the extent that a lack of insurance results from the negligence or breach of a duty to insure the Board: (a) Liability for the amount of damage within the limits of any applicable insurance deductible or otherwise uninsured shall be the responsibility of an individual Owner where the damage results from a negligent or intentional action or omission by an Owner, or that Owner's Tenant, or the family, servants, employees, agents, visitors or licensees of that Owner or Tenant, or from the failure of or failure to maintain any portion of the Unit, including any appliance, equipment, or fixture in a Unit, which that Owner is responsible to maintain in good working order and condition. The amount to be paid by the Unit Owner shall be a special Assessment allocated to that Owner. (b) Except as provided in Paragraph (a) above, or where the damage is a result of the sole fault of the Association, the liability for the amount of damage within the limits of any applicable deductible on a policy of insurance to the Association shall be the responsibility of an individual Owner where the damage involved is limited solely to damage to the Owner's Unit. The amount to be paid by the Unit Owner shall be a special Assessment allocated to that Owner. (c) Except as provided in Paragraphs(a) and (b) above, or where the damage is a result of the sole fault of the Association, liability for the amount of damage within the limits of any applicable insurance deductible on a policy of insurance issued to the Association shall be pro- rated between the Association and any involved Owners in proportion to the relative amounts of damage to the Common Elements and to each of the affected Units, where the damage involves both the Common Elements and/or one or more Units. The amount to be paid by the Unit Owner shall be a special Assessment allocated to that Owner. Page 30 of 33 17. AMENDMENTS TO GOVERNING DOCUMENTS. 17.1 Prior to the Transition Date. Prior to the Transition Date, Declarant shall have the sole right to amend the Governing Documents, with the exception of an amendment changing the voting power or portion of Assessments appurtenant to each Lot. 17.2 After the Transition Date. After the Transition Date, any Owner may propose amendments to this Declaration to the Association. Any member of the Association may propose an amendment to the other members by calling a meeting for that purpose. The consent of ninety percent (90%) of all Owners shall be required for adoption of an amendment changing the voting power or portion of Assessments appurtenant to each Lot. All other amendments shall be adopted if approved by a majority of the votes (not just a quorum). Once an amendment has been adopted by the Association, the amendment will become effective when a certificate of the amendment, executed by the President of the Board, has been recorded in the county where the Property is located. 18. MORTGAGE PROTECTION. 18.1 Notices. The Association shall provide to any First Mortgagee which has requested the same, written notice of (1) casualty or condemnation, (ii) the fact an Owner has for more than thirty (30) days failed to meet any obligation under the Governing Documents, or (iii) lapse of insurance. Any First Mortgagee shall, upon request, be entitled to receive written notice of all meetings of the Association and be permitted to designate a representative to attend all such meetings. 18.2 Effect of Declaration Amendments. No amendment to this Declaration shall be effective to modify, change, limit or alter the rights expressly conferred upon First Mortgagees in this instrument with respect to any unsatisfied mortgage duly recorded unless the amendment shall be consented to in writing by such First Mortgagee. Any provisions of this Declaration conferring rights upon First Mortgagees which are inconsistent with any other provisions of this Declaration shall control over such inconsistent provisions. 18.3 Inspection of Books. First Mortgagees shall be entitled to inspect at all reasonable hours of weekdays all of the books and records of the Association, and, upon request, to receive the annual financial statement of the Association within ninety (90) days following the end of the fiscal year of the Association. 18.4 Priority. A breach of any of the provisions, covenants, restrictions or limitations hereof or the recordation of any Association Lien or the pursuit of any remedy hereunder shall not defeat or render invalid the lien of any Mortgage of Record. As provided in section 5.12, each First Mortgagee which obtains title to a Lot by judicial or non judicial foreclosure or by deed in lieu of foreclosure, shall take title to such Lot free and clear of any claims for unpaid Assessments or charges against such Lot which accrued prior to the time such First Mortgagee acquires title to such Lot. 19. MISCELLANEOUS. Page 31 of 33 19.1 Notice. All notices given under the provisions of this Declaration shall be in writing and may be delivered either personally or by mail. If delivery is made by mail, the notice shall be deemed to have been delivered on the third day of regular mail delivery after a copy has been deposited in the United States mail, first class, postage prepaid, addressed to each Lot. 19.2 Severability. The provisions of this Declaration shall be independent and severable, and the unenforceability of any one provision shall not affect the enforceability of any other provision, if the remainder affects the common plan. This Declaration shall be effective upon recording. 19.3 Assignment by Declarant. Declarant reserves the right to assign or delegate all or any of its rights, duties, and obligations created under this Declaration. IN WITNESS WHEREOF, the undersigned, being the Declarant herein, has hereunto set its hand and seal this 22nd day of February, 2022. DECLARANT: Randy N. Clark and Judy L. Clark Family Limited Partnership, a Washington limited partnership, By: � 1-t... L` Randy X. Clark, General Partner STATE OF WASHINGTON ) ) ss. COUNTY OF SNOHOMISH) I certify that I know or have satisfactory evidence that Randy N. Clark is the person who appeared before me and said person acknowledged that he signed this instrument, on oath stated that he was authorized to execute the instrument and acknowledged it as a General Partner of Randy N. Clark and Judy L. Clark Family Limited Partnership, to be the free and voluntary act of such party for the uses and purposes mentioned in this instrument. GIVEN under my hand and official seal this 22nd day of February, 2022. �tAEN T - r NOTARY PUBUG .. [Print Name] D D vt L 1- A S W Ri it %-e Notary Public in and for the State of Washington residing at E d m c r► A l -W A My commission expires K �•Ld Page 32 of 33 EXHIBIT A DECLARATION OF COVENANTS, CONDITIONS, AND RESTRICTIONS Legal Description of the Property PARCEL B, CITY OF EDMONDS BOUNDARY LINE ADJUSTMENT NO. PLN20190037, RECORDED UNDER RECORDING NO 201910185003, RECORDS OF SNOHOMISH COUNTY, WASHINGTON, BEING A PORTION OF LOTS 6 AND 11, PLAT OF HAWARDEN TRACTS, ACCORDING TO THE PLAT THEREOF RECORDED IN VOLUME 14 OF PLATS, PAGE 69, RECORDS OF SNOHOMISH COUNTY, WASHINGTON. SITUATE IN THE COUNTY OF SNOHOMISH, STATE OF WASHINGTON. Page 33 of 33