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EXHIBIT A <br />PROPERTY DESCRIPTION <br />BEING KNOWN AND DESIGNATED AS UNITS NUMBER 203 AND 213, BUILDING D, <br />AS SHOWN ON A PLAT OR PLATS ENTITLED "ASHLEY FOREST", RECORDED IN <br />CONDOMINIUM AND UNIT OWNERSHIl' BOOK 40, AT PAGES 78 THROUGH SO, IN <br />THE OFFICE OF THE REGISTER OF DEEDS OF ORANGE COUNTY. NORTH <br />CAROLINA, REFERENCE TO WHICH IS HEREBY MADE FOR A MORE PARTICULAR <br />DESCRIPTION; AND TOGETHER WITH AN UNDIVIDED 1.61290323% FEE SIMPLE <br />INTEREST PER UNIT IN AND TO THE COMMON AREA SHOWN ON THE REFERENCE <br />RECORDED PLAT. <br />TOGETHER WITH ALL RIGHTS AND EASEMENTS APPURTENANT TO EACH OF THE <br />AFORESAID UNITS AS SPECIFICALLY ENUMERATED IN THE "DECLARATION OF <br />CONDOMINIUM", ISSUED BY ASSOCIATED C.H. DEVELOPERS RECORDED IN THE <br />OFFICE OF THE REGISTER OF DEEDS OF ORANGE COUNTY IN BOOK 492, PAGE 450, <br />ET SEQ., AND PURSUANT THERETO, MEMBERSHIP IN ASHLEY FOREST OWNER'S <br />ASSOCIATION INC., A NORTH CAROLINA NON-PROFIT COFPORATION RECORDED <br />WITH THE DECLARATION OF CONDOMINIUM AS EXHIBIT "D". <br />TOGETHER WITH ALL RIGHTS IN AND TO THE LIMITED COMMON AREAS AND <br />FACILITIES, IF ANY, APPURTENANT TO EACH OF THE AFORESAID UNITS; AND <br />TOGETHER WITH ANON-EXCLUSIVE EASEMENT FOR INGRESS, EGRESS AND <br />REGRESS OVER THE ROADWAYS AS SHOWN ON THE CONDOMINIUM PLATS <br />ABOVE REFERRED TO; AND <br />SUBJECT TO THE SAID DECLARATION OF CONDOMINIUM, AND THE EXHIBITS <br />ANNEXED THERETO, WHICH ARE INCORPORATED HEREIN A;: IF SET FORTH IN <br />THEIR ENTIRETY, AND BY WAY OF ILLUSTRATION AND NOT BY WAY OF <br />LIMITATION, PROVIDE FOR: (1) 1.61290323% AS THE PERCENTAGE OF' UNDNIDED <br />FEE SIMPLE INTEREST APPERTAINING TO EACH OF THE AFORESAID UNITS IN THE <br />COMMON AREAS AND FACILITIES; (2) USE AND RESTRICTION OF USE OF EACH <br />UNIT FOR RESIDENTIAL AND LODGING ACCOMMODATION PURPOSES, AND <br />OTHER USES REASONABLY INCIDENTAL THERETO; (3) PROPERTY RIGHTS OF <br />PURCHASER AS A UNIT OWNERS, AND ANY GUESTS OR INVITEES OF THE <br />PURCHASER, IN AND TO THE COMMON AREA; (4) OBLIGATION AND <br />RESPONSIBILITY OF THE PURCHASER FOR REGULAR MONTHLY ASSESSMENTS <br />AND SPECIAL ASSESSMENTS AND THE EFFECT OF NON-PAYMENT THEREOF AS <br />SET FORTH IN SAID DECLARATION AND BY-LAWS ANNEXED THERETO; (5) <br />LIMITATIONS UPON USE OF COM20N AREAS; (6) OBLIGATIONS OF PURCHASER <br />AND THE ASSOCIATION FOR MAINTENANCE; (7) RESTRICTIONS UPON USE OF THE <br />UNIT OWNERSHIP IN REAL PROPERTY CONVEYED HEREBY. <br />