HUMPHRIES, VALERIE R. - Laserfiche WebLink

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X. GENERAL PROVISIONS 101. Effective Date; Term. But for the affordability covenant contained in Section 3.1 hereof, the terms and provisions of this Declaration shall take effect upon the recordation hereof in the Official Records of Orange County, California, provided, however, that this Declaration shall not be so recorded until the Owners of at least Ninety Percent (90%) of the Parcels within the Project have executed this Declaration. Once recorded, this Declaration shall remain in full force and effect for a period of twenty (20) years thereafter, and shall be automatically renewed and extended thereafter for successive periods of ten (10) years each unless sooner terminated by the Owners pursuant to the provisions of Section 10.2 hereof. 10.2 Amendments. Except as otherwise provided in Section 9.3 hereof, this Declaration may be amended, modified or terminated at any time by a declaration in writing, executed and acknowledged by the Owners of a majority of the Parcels in the Project. This Declaration shall not be otherwise amended, modified or terminated during the term hereof. 10.3. Annexation Property. Any of the Annexation Parcels which are described in the Legal Description of Annexation Parcels, which is attached hereto as Exhibit "C" and incorporated herein, may be annexed from time to time to this Declaration by the recordation in the official records of Orange County, California of a notice thereof executed by the Owner of such Annexation Parcel and an officer of the Association. 10.4 Governing Law. This Declaration shall be construed in accordance with the laws of the State of California. 10.5 Section Headings. The Article headings of this Declaration are for convenience only and shall in no way define or limit the scope or content of this Declaration and shall not be considered in any constriction or interpretation of this Declaration or any part thereof. 10.6 Not a Partnership. Nothing in this Declaration shall be construed to make any of the Owners partners or joint venturers. 10.7 Binding on Successors and Assigns. This Declaration shall be binding upon and inure to the benefit of the successors and assigns of Owners. Each Owner shall take all reasonable steps necessary to ensure that any successor or assignee has knowledge of all terms and conditions of this Declaration. 10.8 Attorneys' Fees. rn the event action is instituted to enforce any of the provisions of this Declaration, the prevailing party in such action shall be entitled to recover from the other party thereto, as part of the judgment, reasonable attorney's fees and costs. EXHIBIT E: Page 23 of 24