Agenda - 6-a - Major Subdivision Preliminary Plat Application – Triple Crown Farms

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Page 4 of 51 Section 1.6."Lot" will mean and refer to any plot or tract of land shown upon any recorded subdivision map of the Property, as such map or maps may be from time to time amended or modified, for detached single-family residential use, designated for residential use and for separate ownership and occupancy. Section 1.7."Member" will mean and refer to every person or entity who holds membership in the Association by reason of being an Owner or Lot Owner defined below. Section 1.8."Owner" or "Lot Owner" will mean and refer to the record owner, whether one or more persons or entities, of a fee simple title to any Lot which is a part of the Property, including contract sellers, but excluding those having such interest merely as security for the performance of an obligation. Section 1.9."Person" will mean and refer to any individual, corporation, partnership, association, trustee, or other legal entity. Section 1.10."Property" will mean and refer to that certain real property hereinbefore described on Exhibit "A", attached hereto, and such additions thereto as may hereafter be brought within the jurisdiction of the Association. Annexation of Additional Properties. At any time during the effective term of this Declaration, Declarant shall have the unilateral right, in its sole discretion, to annex additional properties which have been or will be developed as part of the general plan of development for Triple Crown Farms Subdivision. The additional property that Declarant has the right to annex is Lot 1 of the Recombination of Don Ann Acres, Inc. consisting of 104.05 acres per Plat Book 94, Page 99, Orange County Registry, Deed Book 3943, Page 523, less and except the property described in Exhibit A hereto. In addition, upon the recording of a document annexing additional property(ies), Declarant shall have the unilateral right to extend any and all of the road rights of 53