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8 <br /> Common Elements, and all other Common Elements and Units as further <br /> described herein. Each condominium Unit Owner shall have the option, but not <br /> the requirement to obtain insurance, at its own expense, affording coverage upon <br /> its condominium Unit, its personal property and for its personal liability and as <br /> may be permitted or required by law, but all such insurance shall contain the <br /> same waiver of subrogation as that referred to above if the same is available. <br /> Section 10: Special Declarant Rights. Declarant reserves the following Special Declarant <br /> Rights for the entire Property, which shall be exercisable during the Period of <br /> Declarant Control or until such time as the Town and County agree in writing to <br /> terminate these rights: <br /> (a) To complete any and all improvements indicated on the Plats and Plans; <br /> (b) To approve all nameplates and signage attached to the exterior of the <br /> Condominium, and to provide uniform appearance and location. <br /> ARTICLE II <br /> PROPERTY RIGHTS <br /> Section 1: Ownership of a Unit shall vest fee simple title to such Unit in the Unit Owner. <br /> Section 2: Every Unit Owner shall own an undivided interest in the Common Elements and <br /> shall have a right and easement of enjoyment in the Common Elements which <br /> shall be appurtenant to and shall pass with the title to every Unit. The undivided <br /> interest in the Common Elements and the right and easement of enjoyment in <br /> such Common Elements are subject to the following: <br /> (a) The Association shall have the right to adopt such rules and regulations as <br /> may be needed to regulate the use and enjoyment of the Common Elements, <br /> including the Limited Common Element parking spaces; <br /> (b) Special Declarant rights as set forth in Article I, Section 10 are limited to <br /> the right to create additional limited common elements within a condominium. <br /> (c) The Association shall have the right to dedicate or transfer, or encumber all <br /> or any part of the Common Elements subject to approval by the Owners as <br /> provided in G.S. § 47C-3-112. <br /> Section 3: The Association shall have the exclusive right to establish the rules and <br /> 6 <br />