For purposes of the Declaration, Articles of Incorporation and Bylaws of the Association, certain words and phrases have particular meanings, which are as follows:

1. “ACC” shall mean the Architectural Control Committee, as described in Article Ten, Section Four.

2. Reserved. The definition of “adjacent real property” is inapplicable to this Property.

3. “Articles” shall mean the Association’s articles of incorporation and any amendments.

4. “Association” shall mean the homeowner’s association formed as a nonprofit corporation for the purpose of administering this Declaration.

5. “Board” or “Board of Directors” shall mean the Board of Directors of the Association.

6. “Bylaws” shall mean the Association’s Bylaws and any amendments.

7. “Common Areas” shall mean the property, both real and personal, in which the Association has granted an ownership interest, easement, lease or other right of control, by written instrument or by delineation on the plat.

8. “Declaration” shall mean this Declaration of Protective Covenants, Conditions and Restrictions.

9. “Developer” shall mean the Declarant who executed this Declaration or any persons or entities to which they assign their rights as Developer, or succeeds to their interest.

10. “Development Period” shall mean the period of time from the date of recording of this Declaration until 180 days after the date upon which 100% of the lots have been sold by the Developer or any shorter period, as determined by the Developer. A partial delegation of authority by the Developer of any of the management duties described in this Declaration shall not terminate the development period.

11. “Housing Unit” shall mean the building occupying a Lot.

12. “Institutional First Mortgagee” or “Mortgagee” shall mean a bank or savings and loan association or established mortgage company, or other entity chartered under federal or state laws, any corporation or insurance company or state or federal agency which holds a first mortgage or deed of trust against a Lot or Housing Unit thereon.

13. “Lot” shall initially refer to one of the Lots located in the Real Property described herein. At such time as additional Adjacent Real Property may be subjected to the Declaration, “Lot” shall include those lots shown on and included in the plat of Adjacent Real Property.

14. “Member” shall mean every person or entity that holds a membership in the Association.

15. “Mortgage” shall mean a mortgage or deed of trust encumbering a Lot or other portion of the Properties.

16. “Owner” shall mean the recorded owner of a Lot, whether one or more persons or entities, but excluding those having such interest merely as security. A real estate contract purchaser shall be deemed the Owner.

17. “Person” shall mean a natural person, a corporation, a partnership, trustee or other legal entity.

18. “Properties” shall mean the Real Property.

19. “Sale” or “Sold” shall mean the date upon which ownership of a Lot is transferred from an Owner to another person or entity by recordation of an instrument of transfer such as a deed or real estate contract.

20. Additional definitions applicable to these Properties appear in Exhibit B to this Declaration.