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<br /> DECLARATION OF COVENANTS,CONDITIONS,
<br /> RESTRICTIONS AND EASEMENTS
<br /> FOR
<br /> E
<br /> THIS DECLARATION OF COVENANTS, CONDITIONS,RESTRICTIONS AND
<br /> EASEMENTS FOR ("Declaration") is made and executed effective as of the
<br /> day of , 2019, by , a North Carolina limited
<br /> liability company, 504 Meadowlands Drive,Hillsborough,North Carolina 27278("Declarant").
<br /> Recitals
<br /> Declarant has acquired the Property (as hereinafter defined) which is located in Orange
<br /> County,North Carolina.
<br /> Declarant intends to improve and develop the Property as a residential planned
<br /> community to be known as IP�W" by subdividing the Property into Lots (as hereinafter
<br /> defined) for detached single family residential buildings and Common Elements (as hereinafter
<br /> defined) for the common use and enjoyment of the owners of the Lots and their respective family
<br /> members,guests,tenants and/or invitees.
<br /> In furtherance of its development of the Property as a residential planned community,
<br /> Declarant intends to subject the Property to all of the covenants, conditions, restrictions,
<br /> easements, liens, charges, assessments and equitable servitudes set forth in this Declaration for
<br /> the benefit of the Community (as hereinafter defined), the owners of Lots and their respective
<br /> family members,guests,tenants and/or invitees,and the Association(as hereinafter defined).
<br /> The recording of the Subdivision Plat(as hereinafter defined) and this Declaration in the
<br /> office of the Register of Deeds of Orange County, North Carolina, will create a residential
<br /> planned community upon the Property pursuant to the provisions of the Act (as hereinafter
<br /> defined).
<br /> NOW, THEREFORE, subject to the rights of Declarant established and/or reserved
<br /> herein, Declarant hereby declares that all of the Property, including each Lot and all Common
<br /> Elements, shall be hereafter owned, held, occupied, improved, used, mortgaged, transferred, sold,
<br /> leased, rented and/or conveyed subject to and in accordance with all of the covenants, conditions,
<br /> restrictions, easements, liens, charges, assessments and equitable servitudes set forth in this
<br /> Declaration to the extent not inconsistent with the provisions of the Act and/or other applicable law.
<br /> The purpose of this Declaration shall be to enhance and protect the value, use, enjoyment and
<br /> desirability of the Property. This Declaration and all of the covenants, conditions, restrictions,
<br /> easements, liens, charges, assessments and equitable servitudes set forth herein shall run with the
<br /> Property, including each Lot and all Common Elements, and shall be binding upon and inure to
<br /> the use, benefit and enjoyment of each Person (as hereinafter defined) having any right, title
<br /> and/or interest in or to the Property, including Declarant, each owner of a Lot, the Association
<br /> and their respective heirs, successors and/or assigns.
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