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Page 31 of 51 <br />EXHIBIT C <br />BYLAWS <br />OF <br />TRIPLE CROWN FARMS HOMEOWNERS ASSOCIATION, INC. <br />ARTICLE I <br />PLAN OF COMMON PROPERTY CONTROL <br />Section 1.1.Lands Affected. 16 Parkside Lane, LLC a NC limited liability company, <br />(hereinafter the "Declarant"), is the owner of certain lands located in Orange County, North <br />Carolina, more particularly described in a Declaration of Covenants, Conditions, Easements and <br />Restrictions for Triple Crown Farms Subdivision (hereinafter the "Declaration"), and it has <br />submitted said lands to membership control pursuant to the Declaration recorded in Book ____, <br />Page ______, Orange County Registry. <br />Section 1.2.Name. The lands on which said Declaration is imposed will be known as <br />Triple Crown Farms Subdivision (hereinafter referred to as the "Property"). <br />Section 1.3.Applicability of Bylaws. All present and future owners, mortgagees, <br />lessees and occupants within the Property, and their agents, servants and employees, and any <br />other persons who may make use of the facilities of the Property in any manner, are subject to <br />these Bylaws and to the Rules and Regulations adopted pursuant hereto, and to any amendments <br />to these Bylaws, Rules and Regulations upon the same being duly adopted. <br />The acceptance of a deed or conveyance to, or the entering into a lease to, or the act of <br />occupancy of, any Lot (as defined herein) within the Property by any person will conclusively <br />establish the acceptance and ratification by such person of these Bylaws (and to any Rules and <br />Regulations adopted pursuant hereto), the Articles of Incorporation, and the Declaration as they <br />80