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Page 1 of 51 <br />DECLARATION <br />OF COVENANTS, CONDITIONS, EASEMENTS, AND RESTRICTIONS <br />FOR TRIPLE CROWN FARMS <br />Prepared by: Charles H. Thibaut, Bagwell Holt Smith, PA <br />Return to: 16 Parkside Lane, LLC, 2807 Homestead Rd, Chapel Hill, NC 27516 <br />PIN#s: <br />THIS DECLARATION, made on the date hereinafter set forth by 16 Parkside Lane, LLC <br />a North Carolina limited liability company, hereinafter referred to as "Declarant"; <br />WITNESSETH: <br />WHEREAS, Declarant is the owner of certain property in Orange County, State of North <br />Carolina, commonly referred to as "Triple Crown Farms" which is more particularly described <br />on Exhibit A attached hereto; and, <br />WHEREAS, Declarant wishes to impose restrictions, conditions, easements, covenants <br />and agreements under a general plan or scheme of improvement for the benefit of all Property <br />herein described and the future owners thereof on the Property described in Exhibit A attached <br />hereto, and, <br />WHEREAS, the Property will be comprised of single family residential lots; <br />NOW, THEREFORE, Declarant hereby declares that all of the Property described on <br />Exhibit A will be held, sold, and conveyed subject to the following easements, restrictions, <br />50