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HomeMy WebLinkAboutSDP201700040 Easements Minor Amendment 1987-04-01 'NS .. . 7 10 THIS DEED made and entered into this lstday of April, 1987, by and between NOODBRIAR ASSOCIATES, a New York limited partnership, the Grantor, and EDNAN CORPORATION, a Virginia corporation, the Grantee, whose address is 1100 Dryden Lane, Charlottesville, Virginia, 22901, and CALEB N. STONE, Contract-Purchaser, party of the third part, and LYNN w. STOWE, party of the fourth part, WITNESSET Hs THAT FOR AND IN CONSIDERATION of the sus of SIX HUNDRED SEVENTY-FIVE THOUSAND AND NO/100 DOLLARS ($675,000.00), cash in hand paid, the receipt of all of which is hereby acknowledged, the Grantor does hereby GRANT, BARGAIN, SELL and CONVEY with GENERAL WARRANTY and ENGLISH COVENANTS OF TITLE unto Edna: Corporation, all of that certain lot or parcel of land situated on State Route 606 and Quail Run in Albemarle County, Virginia, designated as Tract II containing 27.00 acres on plat of Roudabush, Greene & Gale, Inc., dated October 9, 1986, last revised March 20, 1987, which plat is attached hereto, recorded along with, and lade a part of this deed: being a portion of the property which was conveyed to the Grantor herein by deed of S. V. Associates, aral gene partnership, dated February 29, 1980 and recorded in the Clerk's Office of the Circuit Court of 111 Albemarle County, Virginia, in Deed Book 690, page 232. The above property is conveyed expressly subject to the 14 following restrictions and conditions which shall run with the said property: ;. - 7not 1. Approval by the University of Virginia Real Estate Foundation of the height of any signs and structures, and the screening of the property. Subject to the zoning ordinances of the County of Albemarle, Virginia, only the following uses shall be permitted on the property: A. Compounding of drugs, including biological products, medical and chemical as well as pharmaceutical. B. Fire and rescue squats stations. C. Manufacture, processing, fabrication, assembly, distribution of products such as but not limited to: Artists' supplies and equipment. Business, office machines and equipment. Cosmetics, including perfumes, perfumed toiletries and perfumed toilet soap. Drafting supplies and equipment. Electrical lighting and wiring equipment. Electrical and electronic equipment and components including radio, telephone, computer, communication equipment, TV receiving sets, phonographs. Food products, such as bakery goods, dairy products, candy, beverages (with University of Virginia Beal Estate Foundation approval). Giftsnovelties including pottery, figurines • and similar ceramic products. Glass products made of purchased glass. Industrial controls. Jewelry, silverware. Light machinery and machine parts, including electrical household appliances but not including such things as clothes washers, • dryers and refrigerators. . Musical instruments. Paper products such as die-cut paperboard and cardboard, sanitary paper products, bags and containers. Photographic equipment and supplies including processign and developing plant. Rubber, metal stamps. Small electrical parts such as coils, condensers, transformers, crystal holders. Surgical, medical and dental instruments and 14 supplies. Toys, sporting and athletic equipment, except firearms, ammunition or fireworks. 2 SI We ''44401 :•.� r ;! ' ? ? 3 2 Watches, clocks and similar timing devices. Wood cabinets and furniture, upholstery. D. Publishing, printing, lithography and engraving, including but not limited to newspapers, periodicals and books. E. Prpearation of printing plates including typesetting, etching and engraving. F. Research and development activities including experimental testing. G. Scientific or technical education facilities. H. Assembly and fabrication of light aircraft from component parts manufactures off-site. I. Contractor's office. J. Temporary construction uses. B. Business and professional office buildings. L. Dwellings. N. Temporary nonresidential mobile homes. N. Laboratories, medical or pharmaceutical. O. Airport, helistop or heliport. P. Moving businesses, including storage facilities. Q. Warehouse facilities. R. Wholesale business (subject to the approval of the University of Virginia Real Estate Foundation and 411 Grantee, or their successors and assigns) 411 1S. Such other uses as may be agreed upon by both the University of Virginia Real Estate Foundation and Grantee, or their successors or assigns. T. Any business that has an adverse impact on the immediate surroundings through sight, smell, or noise pollution shall require the joint approval of both the University of Virginia Real Estate Foundation and the 11 Grantee prior to that business being approved for admission to the site. Under no circumstances shall any business be admitted that deals with or causes hazardous wastes or toxic chemicals. 3 11, 7 11 3. 2. No construction shall be performed on the property unless detailed plans and specifications for exterior design, site plan, access, landscaping and setbacks have been submitted to the University of Virginia Real Estate Foundation at P. 0. Box 9012, Madison Nall, Charlottesville, Virginia, 22906, ATTENTION David R. Westby, and the University of Virginia Real Estate Foundation's prior written approval therefor has been obtained, such approval not to be unreasonably withheld. In the event the University of Virginia Real Estate Foundation has neither approved nor disapproved such plans and specifications within 20 business days following their receipt by the University of Virginia Real Estate Foundation, such plans and specifications shall be deemed approved. In the event the University of Virginia Real Estate Foundation disapproves such plans and specifications and at Grantee's request, the University of Virginia Real Estate Foundation shall appoint one person and the Grantee shall appoint one person and both appointees shall appoint a third person to a panel which shall determine whether or not such plans and el specifications shall be approved or disapproved, or shall recommend appropriate modifications to the plans and specifications. 111 The above property is conveyed subject to all easements, reservations, restrictions, conditions and other ` encumbrances contained in duly recorded deeds, plats and other instruments constituting constructive notice in the 4 sago' *IS ., r .+ :s.: 7 I; ...1 v .. ., .r. - . chain of title to the above described property which have not expired by a time limitation contained therein or otherwise have become ineffective. The party of the third part join in this deed to release any rights in said property by reason of an unrecorded Purchase Contract dated July 15, 1986. The party of the fourth part, wife of Caleb N. Stowe, joins in this deed to convey any right, title and interest in and to the above conveyed property by virtue of her marriage to Caleb N. Stowe. The name of Lynn W. Stowe is signed hereto by Caleb N. Stowe under power of attorney dated March 27, 1985 and recorded in said County Clerk's Office in Deed Book 832, page 551. WITNESS the following signatures and seals: WOODBRIAR ASSOCIATES BY: S-V ASSOCIATES BY: f� Genera artne , A;dr, iti • By •'' atto• `, r in fact f 5 1 STATE OF VIRGINIA AT LARGE COUNTY OF ALBE4ARLE, to-wit: Tie_ foregoing Deed was acknowledged bet SOCIATES t s yne day/o r/,OD/A' , 198 Ny commission expires: IMICIPAWIF / ry 4. h STATE OF VIRGINIA AT LARGE COUNTY OF ALBENARLE, to-wit: The foregoing Deed was acknowledged before me by CALEB N. STONE, in his Tip right s a torney in fact foul LYNN W. STOWE, this .7day of , 1986: Ny commission expires: r' 00111T1 / er .' .ry a I i9 .11t 6 ltr APPROVED FOR RECORDATION OWNERS APEROVAL he SIAIOIu�TIR ipso OESCRIocO HEREIN Is fiAt 0 OA /L ANMI M6 ono THE I Ne We EN A•CONOANCE MIEN 3fa-/s7- THE or*a Cl TME ONOaLIENEOOMKR.E MM.WEN i ANO IINSTISS AM elf NMI EO ENDUE POISSON. ocVEIOFWENT M TO EE DEEMED AS TNEb11EEICIL OIL! A t E =LAU 51ATWENT$AUEO110 10 TINS KAT ALE TOW • T 10 Tot SLIT OI NT.�' M •�}I Kms/ �/i/ /wrMA4.fJ� •Iesmati'r • Os ter�f'�IIS4• WoTE OF VIROINM it I �oAI A NGT1A.!liND.IC jog INE A. SITE DATA STATE AVOINSAID.OloCEMTify THAI 1177iA.M l• MN(ISE owls AME 6814,10 vo TOE rCKGONq/NNTIND :11 OWNER.Woodlouse Asmael's.Low b/►LIAei*ip 'mom 0AT!Or xl,.10 NIElNAVs ACSNOIM.• 4, s v.Omar III.Naos I Perks/ SONO TIIEsum arm NE @Nig STATEN p We•dell M MNd.loot•I PeelMI d GIVEN MAIN MYwoe Tw •ol►vor qXI.. • i s.V.Associates.R 0. ON 5545 MYCOMIIMEIOMESrM ,t Is »,g,,, Clo•ul•INlrwe, Y•. usos ,�., u. r NP. TITLETAL Kstsl►TION:,s..:. Feral If / souuCE:00 SLOP LIE ZOMIMS: LI.Lis.1 Isi.Mer N•heels.,So►dudei•s MilEMt M•ssiss q..igios Asosrol if A7\. a A N linen Are Sol. /1-e4K '` 30 r1.MLS N• skis,Se1s•a Fos sleds. O, • t• ' • • s�so4 X06 •.ir.Ettp• O �� . t .. ^S'4oAM O•9O se.SjY 9 iIBTAkE4................... .... EROUTE ‘ • L• 1.Er Nx•ts83� •♦ 11a . • R• .• /tilos► • ' O T•.146„,,„.-99 ' v ori ',.. J ' • 0N. / • msto TRACT I 104 OA . j die d 27.00 AC. �r 0 , •• A•S•Zf . 4. s s • • �� y ii Aro. o. p " • K •• �•r 1. ,,,>. .,, TACT s #*6 •• r;► .o♦ \ v.I.imam • • Oils s1 AC MINN v♦a` d�.♦ ♦/ S• MEM 044% . %131,6174 00 a p .'P �•.j 4 t •.'�' tAllo 0 IV. BDIVISION PLAT SHOWING.TRACT][ ."0‘,/ • A PART OF PARCEL 19 TAX MAP 32 • ,I[shits ;DP LOCATED NEAR CHARLOTTESVILLE- AUIEMARLE AIRPORT '. RIYANNA MAGISTERIAL DISTRICT ALBEMARLE COUNTY VIRGINIA '17 • / • • ROUDABUSHI 6REENE11 GALE,INC. smite NNW"INT FMNl1iMfICfrFMMia 1•• s)DO• MEvluE5 OCT IS.MOO CERTIFIER LAID f1IRYEYOR-£1111161 mut OATt1 OCT. 9. 1181 CMAfNIvvN,.Ykyles IOW Sam)6 ON Ili.N OSM/NO. !746 (1100 $010 1 ..:( 929 ?:: Ej737 MUM/I tumER V INLA: IN TIE CLERK'S OWIicE OF TM CJIT caw CF ALBEIWILE CCIFAY: MS MD MIS PREMIEN, AND EmCUTIFIODE AME®, , TO Rk0011D ICif h , 1910 at a 18 (nunM. sa=m • A . lo - 464 QOD54339)om .' TRAMER FES 111111111 •,•(222) QM'S 1CaT. I ) PLAT M. 58.1402 TESTI: NMIICCAL TAX .50 sa L J. CLB1tIC LOCAL 7AX Omminim.(223) BY: SIL Q.Oya.Oo � ' 44100161205. raac 3u We ses,My 2 7 it PAWED')Q' !: 00 1. CORRECTED 0 605 DEED OF TRUST AND SECURITY AGREEMEN� THIS DEED OF TRUST AND SECURITY AGREEMENT(the"Deed of Trust"),made as of the t hrh day of March ,1992,by and among Robert J. King and Margaret A. King (the "Grantors",whether one or more);and iddbilitirldreWiiniiiiiitheihrefidgedomagopidawaikluid GEORGE T.RICHARDSON of Goochiand County,Virginia,Trustees(the"Trustees",whether one or more);and,HOME BENEFICIAL LIFE INSURANCE COMPANY(the"Lender")provides as follows: WITNESSETH,That the Granton hereby grant and convey with General Warranty and English Covenants of Title unto the Trusteei tie following described real estate(the"Real Estate"),to-wit ccWIILT I G.MOM(of the City of Ridammd,Virginia All that certain lot or parcel of land in the White Hall Magisterial District of Albemarle County, Virginia, fronting on Waverly Drive, containing 2.252 acres, more particularly described as Lot 64 on.a subdivision plat of Lots 56 thru 71, Waverly revised January 6, 1986, of record in the Clerk's Office of the Circuit Court of said County in Deed Book 913, page 209, and revised April 28, 1987, of record in said County Clerk's Office in Deed Book 939, sage 432, together with a non-exclusive easement for ingress along Waverly Drive and all other roads in Waverly Subdivision as shown on said plat. The subject property is further shown and described on survey entitled "Plat Showing Physical Survey of Lot 64, Waverly, Albemarle County, Virginia," Dated July 20, 1990, prepared by Gary M. Whelan, said survey is attached hereto and recorded herewith. The property hereby conveyed is the same property conveyed to the Grantors by deed from.Rinehart Construction, Ltd., a Virginia corporation, dated July 19, 1990, recorded in the aforesid Clerk's•Office in Deed Book 1113, page 431. *This deed of trust is being rerecorded to include the survey which had been omitted. • TOGETHER WITH all buildings,structures,walks,fences,shrubbery.plants,driveways,improvements, machinery,apparatus,equipment,fittintra and fixtures of every kind and nature whatsoever,including but not limited to stoves,refrigerator,ranges,water heaters,dishwashers,cabinets,partitions,ducts and compressors, fans;venetian blinds and shades,heaters,boilers,radiators,engines,machines,motors,pipes,pumps,tanks, conduits,switchboards,elevators,escalators,screens,storm sashes,awnings,blinds,doors,mantels,built-in mirrors,carpeting and underpadding,hardware,wires,switches,electric fixtures,bells,insulations,and all writer,plumbing,lighting,laundry,incinerating power,air cooling and air conditioning,lifting,cleaning,fire- prevention,fire-extinguishing,sprinkler,ventilating;refrigerating,communications and eating apparatus and equipment upon or which may hereafter be placed upon or located on the Real Estate and used or viable in whnection with any presenter future operation of the Real Estate,all of which,together With all replacements them and additions thereto,shall be deemed to be fixtures and part of the Real Estate and appropriated for the use of the Real Estate. TOGETHER WITH alltenements,hereditaments,easements,rights,privileges,appurtenances and rights of way now or hereafter belonging or in anyway pertaining to the Real Estate and the remainder and remainders, • reversion or reversions thereof;and also all the estate,right,title,interest,issues;profits,'proceeds,revenues, royalties and benefits accruing or to accrue therefrom,property,claiin and demand whatsoever of the Grantors of,in and to the same,and of,in and to every part and parcel thereof. TOGETHER WITH all right,titler interest,property,claim and demand of the Grantors,if any,in and • • to the land lying In the bed of any street,road,avenue,alley,in front of or adjoining the Real Estate. All of the above Real Estate,buildings,fixtures and other property and interests therein is hereinafter refer- • • • red to as the"Property". TOGETHER WITH all proceeds of the conversion,whether voluntary or involuntary,of any of the Prop- 3 erty into cash or other liquid claims,including,without limitation,all awards,payments or proceeds,including interest thereon,and the right to receive the same,which may be made as the result of any casualty,any exec- cise of the right of eminent domain or deed in len thereof,the alteration of the grade of any street,any inlur)! to or decrease in the value of the Property and any defect in title to the Property or other matter insured under a policy of title insurance,together with counsel fees,costs and disbursements incurred by the Lender in con- nection with the collection of such awards,payments and proceeds. TO HAVE AND TO HOLD the same,whether now owned or held or hereafter acquired,unto the Trustees, their survivor,or other successor or successors and assigns IN TRUST forever. it 1 { K1210 X 0629 84)24 PACEn0?S IN TRUST,to secure to the Lender(i)the payment of all sums owing under a certain negotiable promissory note(the"Note"),bearing even date herewith,made by the Grantors,payable to the Lender,or order,at 3901 West Broad Street,Richmond,Virginia 23230 or at such other place as the Lender may otherwise specify in writing,from time to time,which Note evidences an indebtedness of the Grantors to the Lender in the principal • • amount of Two Hundred Thirty—Five Thousand Dollars ($ 235,000.00 ),together with interest on the unpaid balance thereof until paid,and any cost related thereto pursuant to the terms and conditions set forth in the Note,(ii)the payment of all other sums owed to the Lender by the Grantors or which are otherwise payable pursuant to this Deed of Trust or any of the other Loan Documents(as hereinafter defined)and(iiq the performance and observation of all the terms,covenants, warranties,conditions,agreements and obligations of the Note,this Deed of Trust and the other Loan Documents. At the election of the Lender,upon six(0)months written notice to the Grantors,the entire unpaid prin- cipal amount owing under the Note,together with all interest then accrued thereon and other charges due thereunder shall become due and payable in full on any date on which any installment of principal and interest is due occurring after the tenth ( 10th)anniversary of the date hereof without any prepayment premium. The privilege to prepay the indebtedness secured hereby is reserved as provided in the Note,as are any conditions related thereto or premiums payable in connection therewith. The Note provides that if not sooner paid,the entire principal balance with interest accrued thereon and other charges due thereunder shall be due and payable on the 1s!_day of April , 2022 The Note provides that the Lender may collect a late charge equal to four cents 0.04)for each dollar($1.00) of any payment that maybe more than ten(10)calendar days in arrears for the expense of handling delinquent payments. The Note provides that interest shall be payable on all matured and unpaid principal amounts owing under the Note at the rate of eighteen percent(18%)per annum or at the rate provided in the Note,whichever is greater. PROVIDED ALWAYS,that upon the full payment of the Note,with interest thereon,and all other amounts due thereunder,and under this Deed Of Trust and the observance and performance of each and every term, warranty,covenant,condition end obligation of the Note,this Deed of Trust and the other Loan Documents, the Trustees shall release and reconvey the Property unto the Grantors,all at the sole cost and expense of the •Grantors. THE GRANTORS FURTHER COVENANT AND AGREE es follows: 1. Payment and Performance by the Greaten.The Grantors shall pay punctually the principal,interest, late charge(if any),premium(if any)and all other amounts due under the Note,this Deed of Trust and the other Loan Documents on the Grantors'part to be paid,The Grantors shall also observe and perform all the other terms,covenants,warranties,agreements,conditions and obligations of the Note,this Deed of Trust and all other Loan Documents on the Grantors'part to be observed or performed.As used herein,the term"Loan Documents"shall refer collectively to the Note,this Deed of Trust and any other deed of trust,security agree- ment,assignment of leases,rents end profits,guaranty and any other agreements or instruments which now or subsequently may be executed in connection with the indebtedness evidenced by the Note. 2.Casts,Expenses and Fees.(a)The Grantors agree to pay all costs and expenses of the Lender,including reasonable attorneys'fees,(1)if after default the Note is placed in the hands of an attorney or attorneys for collection;(ii)if the Lender finds it necessary or desirable to secure the.services or advice of one or more at- torneys with regard to collection of the Note or to the protection of its rights under the Note,this Deed of Trust or any other Loan Document,or(iii)if the Lender seeks to have the Property abandoned by or reclaimed from any estate in bankruptcy or attempts to have any stay or injunction prohibiting the enforcement or collection • of the Note,prohibiting the foreclosure of this Deed of Trust or prohibiting the enforcement of this Deed of Trust or any other Loan Document lifted by any bankruptcy or other court. (b) In the event that the Trustees or the Lender shall be made a party to or shall intervene in any action or proceeding,whether in court or before any governmental agency,affecting the Property or the title thereto or the interest of the Trustees or the Lender under this Deed of Trust,including,without limitation,any form •of condemnation or eminent domain proceeding,the Grantors shall reimburse the Trustees and the Lender for all costs,charges and attorneys'fees incurred by any of them. (c)lithe event of any default by the Grantors in the performance of any term,warranty,covenant,condi- tion or obligation hereunder,the Lender may,at its option;advance or disburse funds for the performance of such term,warranty,covenant,condition or obligation.The Grantors'shell reimburse the Lender for all such monies advanced or disbursed by the Lender for performance of any defaulted term,warranty,covenant,con- dition;or"obligation of the Grantors. (d)All payments to be paid or reimbursed to the Lender by the Grantors as set forth in subparagraphs (a),(b)and(c)above and all expenses,charges,counsel fees and other disbursements incurred by the'trustees, or either of them,with respect to the administration and execution of the trusts hereby created and the perfor- mance of their duties and powers hereunder(i)shall bear interest at the rate of eighteen(18%)per annum or at the rate provided in the Note,whichever is greater,(ii)shall be due end payable immediately upon demand and(iii)shall be secured by this Deed of Trust as a further charge and lien upon the Property and held to be' a prior charge in the event of foreclosure. • 3. Incorporation of Statute.This Deed of Trust,unless otherwise specified herein,shall be construed under and in accordance with and to incorporate by reference the terms of$65559 through 5540 of the Code of Virginia of 1950,as amended,as its provisions are in force and in effect on the date of this Deed of Trust,with the following and further understandings as in such sections provided: 2 • gtydib ?AGM 6 3 0 leo 2211 PACE()036 EXEMPTION WAIVED. RENEWAL,EXTENSION OR REINSTATEMENT PERMITTED. IDENTIFIED BY SIGNATURE OF ONE TRUSTEE. SUBJECT TO ALL UPON DEFAULT. 4. Substitution of Trustees.Any one of the Trustees hereunder may act at any time upon designation by'the Lender.If the Lender,in its sole and absolute discretion,shall desire for any reason whatsoever to have a substitute trustee or substitute trustees appointed,then the Lender is hereby authorized and empowered to appoint,at any time and from time to time,by an instrument duly executed and acknowledged and filed for recordation wherever this Deed of Trust is recorded,a substitute trustee or substitute trustees,in the place and stead of one or more of those initially named herein or subsequently appointed by the Lender,which trustee or trustees shall have all the rights,powers and authority and be charged with all the duties and responsibilities that are conferred or charged upon the Trustees initially named herein. 5. Foreclosure.(a)Upon the occurrence of an Event of Default(as defined in the Note)and at the request of the Lender,the Trustees shall sell the Property,or,if the Property shall consist of more than one parcel, such parcel or parcels thereof as the Lender may select,for cub or upon such terms and conditions as they may deem expedient.Such sale shall be at such time and place as they may consider advisable,at public auc- tion,after having first given notice to the present owner of the Property as required by law.The Trustees shall advertise the time,place and terms of sale at least three(3)times,which may be on three(3)consecutive days, ins newspaper having general circulation in the county or city where the Property or any portion thereof lies. Ont of the proceeds of any such sale,the Trustees shall(i)first,pay all the expenses attending the execution • of this trust,including attorney's fees and auctioneer's fees,if any,and trustees'commission on the gross pro• cels of sale at the rate of five percent(5%),(1i)second,discharge all taxes,levies and assessments,with costs and interest if they have priority over the lien of this Deed of Trust,including the due pro rata portion thereof for the current year,(iii)third,discharge in the order of their priority,any remaining debts and obligations seFured by this Deed of Trust and any liens encumbering the Property,or any part thereof,which are inferior toy this Deed of Trust,with Interest,and(iv)fourth,to pay the residue of the proceeds to the Granton or their assigns.At any sale made under the terms Of this Deed of Trust,the Trustees may require a cash deposit from the successful bidder of not more than ten percent(10%)of the final amount bid by the successful bidder. (b) In the event that the Property is advertised for sale as herein provided,but not sold pursuant to such advertisement,the Trustees shall be paid by the Grantors their actual expenses incurred,together with a com- mission mission not to exceed two percent(2%)of the unpaid principal amount of the obligation hereby secured. (c) If,prior to or at the time of the sale,the Trustees shall deem it proper for any reason to postpone or continue the sale,they may do so from time to time,in which event advertisement of the postponed sale shall be in the manner as required by law. 6. Action of the finder.Without affecting,modifying,altering,releasing or limiting the liability of the • Grantors or any person liable or who may become liable on the Note or who has endorsed,assumed,served ar a surety for or guaranteed the obligation of the Note and without affecting,modifying,altering,releasing or limiting the lien of this Deed of Trust or any.Loan Document,the Grantors agree that the following actions nly occur at any time and from time to time,whether before,on or after the maturity of the Note,at the option olf the Lender without further notice to or the consent of any party:(i)the maturity date of the Note or any installments thereof maybe extended or renewed,in whole or in part,notwithstanding the fact that any exten- signs or renewals may be for a period or periods equal to,less than or in excess of the original term hereof; (i()any security for the Note may be Sold,released,exchanged,subordinated or otherwise impaired,whether such security be taken at the time of the making of the loan evidenced by the Note or at some other time;(iii) the terms and conditions of the Note and any other Loan Document may be modified or amended or new documents substituted for any of them with the consent on the parties to such document(iv)any one or more parties liable or who may become liable on the Note or any other Loan Document,or who have endorsed,assumed, served as a surety for or guaranteed the obligation of the Note maybe released;(v)any indulgence or forebearance Whatsoever regarding the Note,this Deed of Trust or any other Loan Document may be granted;and,(vi)the Linder may fail to act with diligence or may delay in the collection or enforcement of the Note,this Deed of Trust and the other Loan Documents. 7. Insurance(a)The Grantors shall provide and maintain continuously comprehensive,general liability and indemnity insurance coverage as may be required from time to time by the Lender,in forms,amounts and with companies satisfactory to the Lender,including coverage of the Lender as a named insured thereunder and loss payable to the Lender as mortgagee,as appropriate. (b)The Grantors shall provide and maintain continuously(i)fire and extended coverage Insurance of such type or types and in such amounts as the Lender,may from time to time require,on the buildings and other improvements now or hereafter on the Property,(ii)flood insurance,if required by the Lender and(iii)such other insurance and coverage regarding the Property or any other security for the Note required by the Lender is its sole and absolute discretion. (c)The Grantors shall promptly pay when due the premiums on the policies referred to in subparagraphs • (a)and(b)above,and shall deliver the originals of all such policies,properly endorsed,to the Lender.All ia- • surance shall be carried with companies approved by the Lender,and the original policies and all renewals thereof shall be held by the Lender,shall be non-cancellable except upon thirty(30)days prior written notice to the Lender and shall have attached thereto a mortgage clause satisfactory to the Lender,without contribu- tion,in favor of and in form acceptable to the Lender.Not less than thirty(30)day*before the expiration date • of each policy of insurance required pursuant to this Paragraph,the Grantors shall deliver to the Lender the original renewal policy or policies marked"premiums paid"or accompanied by other evidence of payment satisfactory to the Lender.In the event that the premiums on the policies referred to in subparagraphs(a)and (b)above are not paid on or before their due date,the Lender shall have the right,but not the obligation,without notice or demand to the Grantors,to pay the same or any of them. 3 • . 1 BOK I 2 7. h P,l . :BOOK 121 O.Pnsan 6 31 (d) In the event of a foreclosure of this Deed of Trust,or other transfer of title to the Property in extinguish- ment of the indebtedness secured hereby,all the rights of the Lender in and to all policies of insurance assigned and delivered to Lender shall pass to the purchaser or grantee. 8. Condition of the Property.The Grantors agree(i)that no building or other improvement on the Real Estate shall be altered,removed,demolished or enlarged,nor shall any fixtures or appliances on,in or about said buildings or improvements be severed,removed,transferred,sold or mortgaged,without the prior written consent of the Lender,(ii)that they shall not permit,commit or allow any nuisance to exist on the Real Estate, nor suffer waste,Impairment or deterioration of the Property,or any part thereof,nor allow any nuisance to exist thereon;(iii)that they shall keep and maintain the Property and every part thereof including all buildings, fixtures,machinery and appurtenances in good end thorough repair and condition,shall effect such repairs as the Lender may reasonably require,and from time to time,shall make all needful and proper replacement so that said buildings,fixtures,machinery and appurtenances shall,at all times,be in good condition,fit and proper for the respective purposes for which they were originally erected or installed;(iv)that they shall not materially change the use of the Property from the use thereof on the date of this Deed of Trust;and;(v)that they shall comply with all statutes,orders,ordinances,laws,regulations,requirements or decrees relating to • the Property by any federal,state or municipal authority and observe and comply with all conditions and re • - quirements necessary to preserve and extend any and all rights,licenses,permits(including but not limited to zoning variances,special exceptions and non-conforming uses),privileges,franchises and concessions which are applicable to the Property or which have been.grented to or contracted for by the Grantors in connection with any existing or presently contemplated use of the Property. 9. Other Liens.The Grantors agree to keep the Property free from any and all statutory liens,including, • without limitation,mechanics'and materialmen's liens,and to pay before delinquency and before any penalty • or interest for non-payment attaches all taxes,assessments,water rates,sewer rents and other governmental, • public or municipal chargee,dues,fines or impositions and any prior liens now or hereafter assessed or liens on or levied against the Property or any part thereof,and in case of default in the payment thereof when the same shall be due and payable,the Lender shall have the right,but not the obligation,without notice or demand to the Grantors,to pay the same or any of them.Upon request of the Lender,the Grantors shall exhibit to the Lender receipts for the payment of all such items prior to the date when the same shall become delinquent. "NOTICE—THE DEBT SECURED HEREBY IS SUBJECT TO CALL IN FULL OR THE TERMS THEREOF BEING MODIFIED IN THE EVENT • OF SALE OR CONVEYANCE OF THE PROP- ERTY CONVEYED." 10. Due on Sale or Transfer.The Grantors hereby acknowledge that(i)the identity of the Grantors were and continue to be material circumstances upon which the Lender has relied in connection with,and which constitute valuable consideration to the Lender for,the making of the loan evidenced by the Note and(ii)any change in such identity could materially impair or Jeopardize the security for the payment of the indebtedness evidenced by the Note granted to the Lender by this Deed of Trust.Therefore,in the event of a transfer of an interest in the Property without the prior written consent of the Lender,which consent shall be in the Lender's sole and absolute discretion,the Lender at its option,may declare all sums secured by this Deed of Trust to • be immediately due and payable or waive such default and deal with such successor or successors in interest • in the same manner as with the Grantors,without in any way releasing,discharging or otherwise affecting the liability of the Grantors hereunder or for the indebtedness hereby secured.Any change in the legal or equitable title of the Property or in the beneficial ownership of the Property,whether or not of record and whether or not for consideration,and any sale,transfer,encumbrance or other disposition of any stock of the Grantors (if the Grantors are a corporation)or any sale,transfer,encumbrance or other disposition of any partnership interest in the Grantors(if the Grantors area partnership)shall be deemed a"transfer of an interest in the Prop- erty."Without limiting the generality of the foregoing,a"transfer of an interest in the Property shell also be deemed to have occurred if the Grantors shall sell,assign,transfer,convey,mortgage,encumber,lease or other- wise therwise dispose of or alienate the Property,or any part thereof or any interest therein,whether voluntarily,in • - voluntarily or by operation of law,or engage in subordinate financing with respect thereto prior to the satisfac- tion of this Deed of Trust or if the Grantors are a corporation or a partnership,the Grantors shall fail to main- tain at all times their existence Or shell amend or modify their articles of incorporation or partnership agree- ment,as the case may be,or shall sell,transfer,dispose of or encumber any stock or partnership interest,as the case maybe.No sale of the Property,no forbearance on the part of the Lender,no extension of the time for the payment of the indebtedness secured hereby or any change in the terms thereof consented to by the Lender shall in any way whatsoever operate Jo release,discharge,modify,change or affect the original liability of the Grantors named herein,either in whole or In part,nor shall the full force and effect of this Deed of Trust be altered thereby. • 11.Tax and Insurance Escrow.Upon the request of the Lender,the Grantors shall make monthly deposits with the Lender in a non-interest bearing account in an amount equal to(I)one-twelfth(1112)of the yearly taxes and assessments which may be levied against the Property,and(ii)one-twelfth(1112)of the yearly premiums for insurance which the Grantors covenant to maintain under the terms of this Deed of Trust.In the event the Property is a part of a larger tract for purposes of taxes and assessments,the Lender may require the Grantors to have the Property taxed and assessed as a separate parcel,or in the alternative,to make monthly deposits in an amount equal to one-twelfth(1112)of the yearly taxes and assessments which may be levied against such larger tract.All such deposits shall be made in such amounts that the Lender shall have such tax and insurance • • payments in hand at least thirty(30)days prior to the due dates thereof.Upon the occurrence of an Event of Default,as defined in the Note,all such escrows of taxes and insurance,at the option of the Lender,shall be applied to any amount advanced or disbursed on behalf of the makers of the Note pursuant to the terms thereof and on behalf of the Grantors pursuant to the terms of this Deed of Trust,then to interest then due and unpaid, 4 • 2 I 0 PAM) 3 2 'BOOK 1214 PACE •ft and thereafter to principal owing thereunder.The Grantors hereby authorize the Lender,or its designee,to request and receive from the treasurer of any city,county or other governmental entity assessing taxes,levies, assessments or other charges against the Property,or any part thereof,any bills or statements regarding such taxes,levies,assessments or other charges. 12. Daniels and Destruction.If the Property or any part thereof is damaged by fire,flood,or any other hazard against which insurance is held,the Grantors shell immediately notify the Lender of the nature and extent thereof.The amounts paid by any insurance company pursuant to any contract of insurance shall,to the extent of the indebtedness secured hereby then remaining unpaid,be paid to the Lender notwithstanding the fact the amount owing thereon may not then be due and payable or that the indebtedness is otherwise ade- quately secured.Such amounts,in the sole and absolute discretion and option of the Lender,may be applied, in whole or in part,to the payment of such indebtedness in the inverse order of maturity or released to the Grantors for the repairing or rebuilding of the Property under terms and conditions acceptable to the Lender. The Grantors hereby authorize the Lender,at its option,to collect,adjust and compromise any losses under . any of the insurance aforesaid end after deducting costs of collection,including,but not limited to,its attorneys' fees to apply the proceeds as aforesaid. • 13. Condemnation.The Grantors,immediately upon obtaining knowledge of the initiation of rpro- ceeding for the taking,whether the same is temporary or permanent,or damaging by or for any publiE improve- ment,condemnation proceed ng or for the exercise of any power of eminent domain,or deed in lieu thereof, of the Property or any part thereof,shall notify the Lender of such proceeding and shall deliver to the Lender t. copies of any and all papers served in connection with such proceeding.The Lender shall have the right,at 1 its optipn,to participate in such proceeding at the expense of the Grantors(including,without limitation,the Lender's attorneys'fees)and the Grantors shall execute such documents and take such other steps as may be • required by the Lender to permit such participations.In the event the Property or any part thereof is taken or damaged by or for any public improvement,condemnation proceeding,or by the exercise of any power of `•. eminent domain,the entire award or consideration given or paid therefor shall be paid to the Lender,and the i Lender is hereby empowered in the name of the Grantors to receive and give acquittance for such award or consideration or any judgment therefor or thereon whether it be joint or several.The entire amount of such award shall be applied by the Lender to the reduction of the indebtedness secured hereby in the inverse order • of maturity,notwithstanding the fact that the amount owing thereon may not then be due and payable or that the indebtedness is otherwise adequately secured,or the Lender at its option,may waive such application and pay such award or consideration,or any part thereof,over to the Grantors.The Grantors agree to execute and ' deliver,from time to time,such further instruments as may be requested by the Lender to confirm such assign-. ment to the Lender of any such award,payment or proceeds. •14. Access to the Property.The Lender and any persons authorized by the Lender shall have the right 1 „ to enter and inspect the Property at ell reasonable times without notice. deliver and record sprier 15. Further Assurances.,Upon request,the Grantors shall execute,acknowledge, file Inch further instruments and do such further acts as may be necessary,desirable or proper to carry out more effectively the purposes of this Deed of Trust and the other Loan Documents and to subject to the liens • • and security interests thereof any property intended by the terms thereof to be covered thereby,including • specifically, The Grantorsut t limitation,hallay ally renewals,such recording,filing re-recording antions,substitutions, d re-filling'taxappurtenances s Be and other the Property. pay charges,including those for security interest searches. 16. No Waiver.Neither any course of dealing by the Trustees or the Lender nor any failure or delay on their part to exercise any right,power or privilege hereunder shall operate as a waiver hereof;nor shall any single or partial exercise of any right,power or privilege preclude any other or future exercise thereof or the exercise of any other right,power or privilege. 17. Maximum Interest RatelApplcatian of Provisions.No provision of this Deed of Trust,the Note or the other Loan Documents or any transaction related hereto or thereto shall require the payment or permit the collection of interest or any other amount in excess of the maximum permitted by applicable law.If any excess of interest or any other amount in such respect is herein or in the Note provided for,the Grantors shall not • be obligated to pay such interest or any other amounts in excess of the amount permitted by applicable law, and the right to demand the payment of any such excess shall be and hereby is waived,and this provision shall control any other provision of this Deed of Trust.If any term or provision of this Deed of Trust or an applica tion thereof to any person or circumstance shall be invalid or unenforceable to any extent,the remainder of i this Deed of Trust,or the application of such term or provision to persons or circumstances other than those as to whom or which it is held invalid or unenforceable,shall not be affected thereby and each term and provi- sion of this Deed of Trust shall be valid and enforceable to the fullest extent permitted by law. 18. Notice.Except as otherwise required by law,all demands,notices,approvals,consents,requests and other communications hereunder shall be in writing and shall be deemed to have been given when delivered in person,or mailed by registered or certified mail,postage prepaid,return receipt requested,or sent by Federal Express(or other commercial express delivery service advertising delivery on the next business day)ad- dressed:(a)if to the Lender to Home Beneficial Life Insurance Company,3901 West Broad Street,Richmond, Virginia 23230(or Post Office Box 27572,Richmond,Virginia 23201)Attention:Mortgage Lending Department; or(b)if to the Grantors to: 3045 Waverly Drive, Charlottesville, Virginia 22901 The Grantors and the Lander may designate,by notice given as provided for in this paragraph or as otherwise . required by law,any further or different addresses to which subsequent demands,notices,approvals,consents, requests or other communications shall be sent or persons to whose attention the same shell be directed. 19. Rights and Remedies Cumulative.The rights and remedies arising under and contained in this feed • of Trust shell be separate,distinct and cumulative and none of them shall be in exclusion of the other;all remedies 5 1 Boa(1210 Pt0 6 3 3 illid kiiij BOK 1224 PAM)fl arising under or contained in this Deed of Trust shall be in addition to every other remedy now or hereafter existing at law,in equity or by statute. 20. Construction.The covenants and agreements herein contained shall bind,and the benefits shall in- ure to,the respective heirs,legal and personal representatives,executors,administrators,successors and assigns of the parties hereto.Whenever used,the singular shall include the plural,the plural the singular,and the use of any gender shall include all other genders.As used in this Deed of Trust,the term"Lender"shall mean the lender named herein,any future payee of the indebtedness evidenced by the Note and any transferee of of Trust ere f r otherwise.Note,whether by operation of law or convenience of reference only and are notconsidered aheadingse part hereof and rashall p paragraphs of rlimit orotherwise affect any of the terms hereof. WITNESS the following signatures end seals: f .4 I.-. 4 (SEAL) o - tJ. Ki FOP' • 4/ , _ 411. . _ (SEAL) Ma gar-1 A. King STATE OF Virginia ountY_.__OF Alhnmarlo to-wit: The foregoing instrument was acknowledged before me in my Jurisdiction aforesaid this_JAL day ofMarch -.1992 by Robert J. Kine and Margaret A. King Notary li . Shay'aa of��� �1 Public- n My Commission expires the 3' Y 19 CA I S'L'ATE OF _ OF ,to-wit: The foregoing instrument was acknowledged before me in my Jurisdiction aforesaid this day .� { of —.19 by O o Notary Public t � My Commission expires the day of--__.19-. VIRGINIA: IN THE CLERK'S OFFICE OF THE CIRCUIT COURT OF ALBEMARLE: i THIS DEED WAS PRESENTED, AND WITH CERTIFICATE Atalu , IS morn= 1 /PC) RECORD ON m O.A(h lb ,19q a , ATO'CLOCK N. • STATE TAX $ 354.50(039) LOCAL TAX $ 11/.50(213) • VSLF�� FEE $ 1. 06(145) CLERK'S FEE $--A0.1--(301) pLhT $ SEC.58.1-802: TESTES STATE TAX ;_ (038) J• • L'CLEEK LOCAL TAX $ (220) �,�(� (223) Lt)G1L TAX $... DEPUTY CLERIC TOTAL $ 1-/85.0° a ._..+._ II THIS 6ERTIFIES THAT ON r'o/y/r` I SURVEYED THE PROPIA S 1 -N "F.REON, AND THE TITLE LINES AND IMPROVEMENTS ARIHO. ON THIS PLAT. V u, ,VA. NO. 1447 LOT 67 / Rets *maw lWOFOUND A% j I . m . F.1 :`J • LOT 65 . -o 7 LOT 63 '�,. 40 O t. WT 64 TX 42 MR 227 2.252 ACRES / 40er o 22 _ sit—r-- / 1+a !I JY"40af E / / / / • .'-- / ` . : � 07 I 1 1 t , t ry, I ' , _ -j ...i._ — 'y O"/ LOT 58 p p7t 4r i ILOT 59DUILECT PROPERTY LEO IHTHM 1W MOO ZONE O: ear A FIA00 IfAL1Ro AREN PLAT SHOWING PHYSICAL SURVEY OF 40,14.Ta 04, �t� (0AtH1 LOT 64 ! • $GARY M.WIIELAN No.1443 WAVERLY ALBEMARLE COUNTY VIRGINIA Gary M. Wh•lan Lead Surveyor SCALE: r.SO' JULY 20, 1990 6AorlolleIviIle, VlrOlnlo , 11993 (10) OK I 22 4 PAGED 0 4 1 VIRGINIA: IN THE CLERK'S OFFICE OF TSB CIRCUIT COURT Of Aralwauk THIS MOUS PRESENTED, AND NITS asearraws ANNEXED, IS ADMITTED TO RECORD OM ______024-11-493L. AT IL.. O'CLOCK STATE TAX $_---------(039) LOCAL TAI TRANSFER PEE $ (212) VSLF $----17WW--(145) cr. 's FEE $ i4 .") (301) PLAT • SEC.58.1-802: TESTI: MATE TAX $__(038) smor J.MARSEALL,CLIEN LOCAL TAX $__________(220) LOCAL TAX $__________(223) BY: /A- 'I. 1244i. TT 14 7 4- TOTAL 1111111 fir/ 'sr/ ersl3 °s^ I04 005/26 DECLARATION OF PROTECTIVE COVENANTS AND RESTRICTIONS THIS DECLARATION OF PROTECTIVE COVENANTS AND RESTRIC- TIONS made and entered as of the 21st of April, 1993, by JEFFERSON NATIONAL BANK, a national banking association (the "Declarant") . RECITALS R-1. Declarant is the owner of certain property located in Albemarle County, Virginia, consisting of two parcels, Parcel 1-A-1 (2.3258 acres) and Parcel 1-A-2 (1.6742 acres), more particularly described on the subdivision plat labeled Exhibit A and attached hereto (hereinafter sometimes referred to as the "Property") . R-2. Declarant desires to provide for the preservation and enhancement of the Property and for the maintenance of the real estate and improvements thereon, and to this end desires to subject the Property to the covenants, restrictions, easements, charges and liens hereinafter set forth. NOW, THEREFORE, WITNESSETH: That Declarant hereby declares that the Property described on Exhibit A and any additional property that may subsequently be subjected to this Declaration by Declarant is and shall be held, transferred, sold, conveyed and occupied subject to the covenants, restrictions, easements, charges and liens hereinafter set forth. In the event that Declarant subjects • additional land to this Declaration, the term "Property" shall include such additional land. This Declaration shall run with the land and every part thereof and shall be binding upon and 160 '001.10 Br. 130F.,7;1105 inure to the benefit of all owners, lessees, licensees, occupants and their successors as set forth in this Declaration. ARTICLE 1 1.1 PURPOSE. It is the purpose of this Declaration to assure the orderly and attractive maintenance of the Property in an efficient and harmonious manner. The Property, together with a residue of approximately 22.6372 acres, has been subject to a certain Declaration and Maintenance Agreement dated July 14, 1988 and recorded in the Clerk's Office of the Circuit Court of Albemarle County, Virginia (the "Clerk's Office') in Deed Book 1006, page 737 (the "Prior Maintenance Agreement"). Declarant hereby vacates and releases the maintenance obligations set forth in the Prior Maintenance Agreement, the intent being to substitute the terms of this Declaration for maintenance scheme set forth in the Prior Maintenance Agreement. This Declaration is intended to complement the Albemarle County Zoning Ordinance and other local and state government regulations and ordinances, and where conflicts occur, the more rigid requirement shall prevail. ARTICLE 2 2.1 PROHIBITED USES. (a) No portion of the Property shall be used for any use other than those listed in.a certain deed dated April 1, 1987, between Woodbriar Associates, Ednam Corporation, Caleb N. Stowe and Lynn W. Stowe, husband and wife, recorded in the Clerk's Office in Deed Book 929, at page 730, including uses 2 et: I30 "7 0106 accessory thereto, unless prior written approval is obtained from the Declarant. (b) No communication towers, satellite earth stations, dish antennae, or exterior radio/TV antennae shall be permitted without the prior written consent of the Declarant. (c) Approval from any public agency notwithstand- ing, no operation will be permitted which creates objectionable noise, smoke, odors or which in any other way, in the opinion of the Declarant, will 'constitute a nuisance or degrade the value of the real estate within the Property. (d) No rubbish or debris of any kind shall be placed or permitted to accumulate upon or adjacent to any parcel within the Property, except in approved waste containers in screened areas in locations at the rear or sides of buildings approved by the Declarant. ARTICLE 3 DEVELOPMENT STANDARDS 3.1 `PLAN APPROVAL REOUIRED. No building or other permanent or temporary improvement shall be constructed, erected, placed, altered, added to, maintained or permitted to remain on the Property until the plans therefor shall have been submitted to and approved in writing by the Declarant. 3.2 VEHICULAR PARKING. (a) On-Site Parking Required. The owner of each separate parcel of land within the Property shall provide adequate vehicular parking on such owner's parcel capable of 3 s" 131) ?1) 10 7 accommodating the reasonable parking needs of its employees, visitors and company vehicles. No use or activity shall be permitted on any parcel within the Property unless adequate parking is provided on the parcel for such use or activity. (b) Off-Site Par]tinq. Each owner or occupant of any parcel shall use its best efforts to prevent its employees, lessees, agents, contractors, customers and visitors from parking on any road used in common with the other owners of parcels within the Property. The Declarant shall have the right to cause vehicles parked on any such common roads within the Property to be removed by towing or otherwise to a licensed garage for storage until called for by the owner of the vehicle or his agent, provided that notice of such action shall first or simultaneously therewith be given to at least one of the local law-enforcement officers. In the event of such removal or storage, the owner of the vehicle involved shall be chargeable with and the said vehicle may be held for a reasonable charge for its removal and storage. 3.3 OUTSIDE STORAGE. No outside storage of any type will be permitted without written approval of the Declarant. When such approval is given, the outside storage area shall be totally enclosed with a screen approved by the Declarant so that storage is not visible from the neighboring buildings or property or private roads. 3.4 SIGNS AND GRAPHICS. All signs of every nature shall be uniform and consistent with the overall development of 4 • er. I30 0108 the Property and subject to the prior written approval of the Declarant as to size, shape, color, material, design, wording and location. 3.5 UTILITIES (a) Reservation of Utility Easements. Declarant shall have the right to create at any time by recordation of an appropriate instrument at the Clerk's Office, temporary or perpetual easements for the purpose of locating, installing and maintaining utility and drainage lines, and the right of access to said easement areas for construction, utility maintenance and emergency vehicles, over, under, or across any and all lands within the Property, except for building locations. The Declar- ant shall have the right to assign the benefit of any such eaiement to any electric company, gas company, telephone company, cable television company, communication company, Board of Super- visors of Albemarle County, Albemarle County Service Authority, or'other public utility or to the Commonwealth of Virginia, or any subdivision thereof for the purpose of installing, operating and maintaining utilities provided, however, that the party that directs any entry upon said land under any such easement shall restore said land, at such party's own expense, to as nearly as practicable the same condition as existed prior to each such entry, installation or maintenance. (b) Declarant specifically reserves the right to extend the existing 20' sanitary sewer easement located on Parcel 5 4,11,00 BK 13 0'Pr;010 9 1-A-2 to serve the Property and adjacent parcels of land which may be developed in the future. 3.6 MAINTENANCE. No building or other improvement on the Property shall be permitted by its Owner or occupant to fall into disrepair, and each such building and other improvement shall at all times be kept in good condition and repair, properly maintained and adequately painted or otherwise finished, clean and safe. All asphalt or concrete paved surfaces shall be resurfaced or sealed as needed and all fractures, cracks and potholes shall be promptly repaired. ARTICLE 4 PRIVATE ROADS 4.1 PRIVATE ROADS. As an appurtenance to each of the parcels within the Property, there is hereby created a perpetual, but non-exclusive, easement for purposes of ingress and egress Over the Private Road shown on Exhibit A. Declarant,may create additional private roads in the future for the benefit of parcels within the Property, their owners and occupants. (The Private Road, and any future roads designated by Declarant for the Property are referred to herein as the "Roads") . Notwithstanding • the foregoing, and notwithstanding anything contained on Exhibit A suggesting the contrary, Parcel 1-A-2 shall be restricted to the use of the 50' non-exclusive access easement at the eastern edge of the Property. Until such time as additional land is added to the terms Of this Declaration, the owners of Parcel 1-A- i 6 11 Sol BK 130 r,PG01 10 2 shall have the exclusive responsibility of maintaining said 50' access easement and the Declarant shall have the exclusive responsibility of maintaining the Private Road. No parking easement for the benefit of Parcel 1-A-2 is intended by the recording of Exhibit A. 4.2 MAINTENANCE SCHEDULE. At Declarant's option, and in the event that additional land is added to this Declaration, the Declarant may provide that an owners association shall maintain all Roads in the Property, other than publicly dedicated and accepted Roads, including all repair, improvements, snow removal and other work as necessary to properly maintain the Roads in good condition. Subject to the limitations set forth in 4.1 above, the maintenance fees for the Roads shall be collected through a regular annual assessment, as defined in Article 5. The cost of construction, maintenance, upkeep or replacement of the Roads will not be borne by Albemarle County, Virginia, the Commonwealth of Virginia, or any other public agency, unless the Roads are accepted into the state road system. Nothing contained herein shall create any interest of the public in such Roads unless and until they are accepted into the State Road System. There is no present intent to dedicate any of the Roads for public use. 4.3 STORM WATER DETENTION. As an appurtenance to the parcels within the Property, there is hereby created a perpetual non-exclusive easement for storm water detention within the area 7 1111100 6K 3.n'r OIii so depicted on plat recorded in the Clerk's Office in Deed Book 1006, page 739 (the "Storm Water Easement") . ARTICLE 5 ADMINISTRATION 5.1 AUTHORITY. This Declaration shall be administered by the Declarant, who may assign any or all of such administration to an owners association (the "Association") made up of owners of parcels within the Property. 5.2 PROPERTY OWNERS ASSOCIATION. (a) getablishment of Association. The Declarant reserves the option of establishing the Association which, if created, shall be a non-profit organization incorporated in the Commonwealth of Virginia for the purposes hereinafter set forth. (b) Membership. The owner (which shall include, in addition to the record owner, in fee simple, lessees under ground leases with terms in excess of ten (10) years) of each parcel within the Property shall be a member of the Association, and shall be bound by the Association's bylaws. Each member's proportionate voting power shall be based upon the sum of the square foot of area in a member's parcel as a percentage of the sum of the total allocable building area of all parcels in the Property. When more than one person holds an interest in any parcel, all such persons shall be members and the vote for such property shall be exercised as they among themselves shall determine. The person who shall be entitled to cast the vote of 8 61: 13.0" ' '? 112 the owners of such parcel shall be the person (who may be the agent of the owners) named in a certificate executed by all of the owners of the parcel and filed with the secretary of the Association; however, in the absence of such named person from a meeting, another owner of such parcel who is present at the meeting shall be entitled to cast the vote for such member, unless otherwise provided in the certificate. (c) board of Directors. The members of the Association Board of Directors shall be elected by the members of the Association, in accordance with the bylaws of the Asso- ciation. 5.3 DUTIES AND FUNCTIONS OF ASSOCIATION. (a) Subject to the provisions of its bylaws, the Association may assume such duties and functions of the Declarant provided herein once such duties and functions have been specifically transferred to the Association by the Declarant. Other functions of the Association shall include, but not be limited to, maintenance of all Roads and the Storm Water Basement, including snow removal, construction, operation and maintenance, and administration and enforcement of this Declaration. (b) Subject to the provisions of its bylaws, the Association may also assume responsibility for snow removal from the Roads within the Property. (c) The Association shall, upon demand, and fOr a reasonable charge, furnish to any owner or person holding 9 BK 1311`)MO 113 indebtedness secured by a deed of trust or mortgage on any portion of the Property (a "Mortgagee") a certificate signed by an officer of the Association stating whether the assessments and charges on a specified parcel have been paid. A properly executed certificate of the Association as to the status of assessments and charges on a parcel is binding upon the Association as of the date of its issuanoe. 5.4 COVENANT FOR ASSESSMENTS. (a) The Declarant hereby covenants and each owner by acceptance of a deed of real estate within the Property is deemed to covenant and agree to pay the Declarant, or if the responsibility is assigned to it, to the Association: (i) annual general assessments or charges for the performance of the duties and functions of the Association as set forth in paragraphs (a), (b), and (c) of Section 5.3; and (ii) special assessments for any capital improvements, but the amount of the special assessments for capital improvements on the Roads, the Storm Water Easement or any other easement areas in any year shall not exceed the amount of the general assessment for that year without the assent of members owning fifty-one percent (51%) of the total square foot area in all parcels. 10 Sire eK130S°',11 14 (b) Each member's annual general assessment or charges and special assessment for capital improvements shall be apportioned, based upon the sum of the square footage of area in a member's parcel as a percentage of the total area within all the Property; provided, however, that vacant parcels (including parcels on which no certificate of occupancy has been issued for any portion of the parcel) shall be assessed at the rate of twenty-five percent (25%) of the annual assessment or special assessment for capital improvements as the case may be. 5.5 LIABILITY FOR ASSESSMENTS. The annual assessments and special assessments for capital improvements, and other charges provided in this Declaration, together with such interest thereon and costs of collections thereof, as hereinafter provided, shall be a charge on the land and any improvements thereon and shall be a continuing lien upon the parcel against which each such assessment is made. Each such assessment, together with interest, costs and reasonable attorney's fees, shall also be the personal obligation of the person who was the owner of such parcel at the time when the assessment fell due. 5.6 REMEDIES OF THE DECLARANT. OR THE ASSOCIATION. IN EVENT OF DEFAULT. If any assessment or charge is not paid within thirty (30) days after the due date, the assessment or charge shall bear interest from the due date at the rate of eighteen percent (18%) per annum. To evidence the lien upon the parcel against which such assessment was made, the Declarant, or the Association as the use may be, shall prepare a written notice 11 (1100 6i: 1 �(j ,or0 1 15 (the "Lien Notice") setting forth the amount of such unpaid assessment, the name of the owner of the parcel and the legal description of the parcel. The Lien Notice shall be signed by the Declarant, or an officer of the Association and shall be recorded in the Clerk's Office after having been mailed not less than thirty (30) days prior to such recording to the owner or reputed owner of the parcel. The Association may bring an action at law against the owner personally obligated to pay the same to collect such indebtedness and to enforce the lien against the property; and interest, costs and reasonable attorney's fees of any such action, including the filing of the Lien Notice, shall be added to the amount of the assessments and charges due. No owner may waive or Otherwise escape liability for the assessments or charges provided for herein by non-use of the Roads or abandonment of his parcel. 5.7 SUBORDINATION OF LIEN TO MORTGAGES. The lien of the assessments and charges provided for herein shall be subordi- nate to the lien of any deed of trust or mortgage on a parcel within the Property made in good faith and for value. Sale or transfer of any parcel of land shall not affect the assessment lien. However, the sale or transfer of any parcel of land pursuant to a foreclosure, or any deed or assignment in lieu thereof, shall extinguish the lien of such assessments and charges as to payments thereof which became due prior to such sale or transfer. No sale or transfer shall relieve the grantee 12 • Bxl30PG0116 from liability for any assessments and charges which thereafter become due or from the lien thereof. ARTICLE 6 PURATION. MODIFICATION ,AND REPEAL 6.1 pURATION OF PROTECTIVE COVENANTS. This Declara- tion shall continue and remain in full force and effect at all times with respect to the Property and each part thereof (sub- ject, however, to the right to amend, vacate and repeal as provided for herein) for a period of twenty (20) years from the date of recordation of this Declaration in the Clerk's Office, and shall be automatically extended thereafter for successive periods of ten (10) years each, subject to termination as proiVided below. 6.2 TERMINATION AND MODIFICATION. This Declaration, or any provisions hereof, may be terminated, modified or amended, or this Declaration may be vacated as to a portion of the Prop- erty, with the written consent of the owners of at least seventy- five percent (75%) of the total square feet of area in all the Property; provided, however, that so long as Declarant owns at least 50% the Property, no such termination, amendment or modification shall be effective without the written approval of Declarant. Further, such termination, modification or amendment of this Declaration shall be effective until a written instrument setting forth the terms thereof has been executed by the owners of at least seventy-five percent (75%) of the square feet of the 13 . /1 OKI 305Ft;01 17 total area in all the Property and said instrument has been recorded in the Clerk's Office provided, however, that any part of the Property may be dedicated or conveyed for public streets or other public use free and clear of this Declaration by execution and delivery of a deed by the owner to the appropriate governmental body. ARTICLE 7 MISCELLANEOUS 7.1 NOTICE. Any and all notices or other communica- tion required or permitted by this Declaration or by law to be served on or given to Declarant shall be in writing and shall be deemed duly served and given when personally delivered, or in lieu of such personal service, when deposited in the United States mail, first class, postage prepaid, certified or regis- tered mail, return receipt requested, addressed to Declarant as follows: Jefferson National Bank 123 East Main Street Charlottesville, Virginia 22902 Attention: For purposes of this paragraph, Declarant may change its address by a notice of change of address to each owner within the Property and to each Mortgagee requesting said notice of whose address the Declarant has been notified in writing. Notice to any owner, or to the lessee, licensee, or occupant holding under,any owner or to any Mortgagee shall be deemed duly served when personally delivered to the person to whom it is directed, or in lieu of such personal service, when deposited in the United 14 ; stool BK 1306PG° 118 States mail, first-class postage prepaid, certified or registered mail, return receipt requested, addressed to (i) the owner at the address as shown in the Albemarle County tax records, and to such other address or addresses as designated by the owner, in writing to the Declarant and the Association; and (ii) to the Mortgagee at'the address as designated by the Mortgagee in writing to the Association and the Declarant. 7.2 INTERPRETATION. This Declaration shall be interpreted for the mutual benefit and protection of the owners and occupants of the Property and in furtherance of the basic goals of this Declaration. Any discrepancy, conflict or ambuity which may be bound herein shall be resolved and determined by the Declarant and, in the absence of an adjudication by a court of competent jurisdiction to the contrary, such resolution and determination shall be final. 7.3 CAPTIONS. The paragraph headings and captions appearing in this Declaration are inserted only as a matter of convenience and for reference and in no way limit or otherwise affect the scope, meaning or effect of any provisions of this Declaration. Masculine singular pronouns are used only as a matter of convenience and shall be used to include persons of any gender or number. 7.4 GOVERNING LAW. This Declaration and rights of the owners of the land within the Property shall be governed by the laws of the Commonwealth of Virginia. 15 1100 sK 130G°6O I lei IN WITNESS WHEREOF, the parties hereto have caused this Declaration to be executed on their behalf by their duly authorized representatives. JEFFERSON NATIONAL BANK B�'� (SEAL) Its: V/ /Dow7 STATE OF VIRGINIA�wn (� OF Cf264a2/4(41// ss. The foregoing instrument was acknowledged before Tme this �v t`, day of " , 1993 by (0a x. �0 /1 dor.,. , v-es as VLAA... 11moul..4 of Jefferson National Bank. Notary Public (SEAL) My commission expires: 5- 3I , 1925 • . 16 i '.. „#.„:,.., ..a ? a D i z> x O A . zil"Ip1442- Ja ,,:, - . re- 4 II. o � �� m ` 8 o w Z 1z $.4 11e r ? : . R - ivO D �. IT. C rn o rk I 9 S W Zj 7 v —I - ...,..y1 ..iiiViill • P oc CD D N i� iv Id) - JP / ria 2 1 Rif,- PRIVATE ROAD (44' R/W) 11 I A p s K• N 37°59'58" E 1 • M N ° 286 75—' �i\ a 0 _ _ / as � � I � -n ——— r 20'ACCESS EASEMENT ". ro / GRAVEL. DRIVE I b ° Dgc�-ia� 0. 143.63' ! (--- co n {-^----- -----t�.:,, 62.74 ► sit g rJ — I I $ _ n ;a / 4 '' -0 I `` � I I 1 c) PI // / I m I N / 1IEli y 8 4::::. m mpm g o, 1 1 / 1 g Q .. n it .3)ream:a F._ / i il I i I ZS I EI 0 A ; 1 I Ei I g 6 1 1 it .....„ 66 / ' H-Fri, $3 ' ; r ( - I143.73' 115.70' l �.�, I 3 g 51-'934 I •- hiP i e0 IM„8S;LSwLE Si I./ 8. , ' ,31-'401 '.< r X911 ,6'• v I% 1 co I o . I At 0 ii i i; NI' N I1 • n li _ J'' NI _ i 70 ., _. ; 1P W r _ — 7 1:I J • ��`41 ��`� �� IIII�� 401-1120/1 ..../----4.11-....... • `\� �ro� .- '�� c 6110.0vfib: y 2 g> ° m ^_ pC7pDpQppPppQppDQO --IX17 D . QDtDtmbDPotowm4Dwcommmpo4Dibsol ((D_ 7G Si 1 Q• QQt� gS� SyQQ:�qq leli8g oZ5t�i ��Ri18 t�1iA m Ion 1 6 t D- Q �i .a^ cs? M��, �Se m��ov vv�owvvmmvvv i m p W Z - Z % 4^ p .. �"— WW .� A F n `n SC' -y�•�� VI �' _ S 7. Gq N W$$�. O Lf„ 0 c,X SCJ rY -1 o4. ` 1111 .{ LTi If a In < m N z CA 2 VI 03 9 01 33 H N M N N H O11 • 0 b N N Co v1 iV • r9 S•R7 0 n H 0 FPI OwOa- xro2O2 s rJ Cy 0 Z 0= z ? �(D0 99 4.3 0 ftmMa MI 7 031 Al IS 9h.. COH*1 CI3 03 OH yM O W (D W N D.H- H< CR O S 2 2 14 b 0 K CD On 9•CO.0 9 70 SH<7OH 0 O Ir CD a CJ .0 CA9NZO a <Fr fD 0I- K ..,a ..t.- 7Q>S.H9 t". CD 1 P DC n3 CV.41 O-n1 x_0 CI x e4.10 y¢ 2 H•I I-1 0 o QQFCF�A nI-. �2N cs 00r7 • . 1C Hilt CD M C C'► 14 O N H H W H N.3 L. 9 00 >99 • O pIti 1 H a1-'O .—• GH Z ZL CO znH pall C*O Cf 0 . 0 CA co.1000C30 CA7b00 =21 \ I'" L11 IH a4.0 • 0ns 03 hi 03 gg SI M 400s.sitc. a.as • • V Crooi • a 0 g;(7 n AS C p- r OO70 s, HC. NN m 0 0.4 rt IA -4 4: x r]? +G1 9H CO 1.• g .4j .7, Do 2Va 0 OU7 KI' .0•t H M DN H- i• OVSO o .. S 0 . • BK 1306PG0122 VIRGINIA: IN THE CLERK'S OFFICE OF THE CIRCUIT COURT OF ALBRMARLE: THIS DEED WAS PRESENTED, AND WITH CERTIFICATE ANNEXED, IS ADMITTED To RECORD ON MI I `1 ,19(1-3, AT (1:112,1 o'CLOCK A N. ST iTE TAX $ (039) LOCAL TAX ; (213) TRANSFER FEE $ (212) VSLF $----1701 (145) CLERK'S FEE $ 014.00 (301) PLAT $ 4.0(3 SEC.58.1-802: TESTE: STATE TAX $ (038) SHELBY J.MARSHALL,CLERK LOCAL TAX (220) LOCAL TAX $ (223) BY: (4\m‘ DEPUTY CLERK TOTAL $ a 9 oC) • I S 1 I *4.00 s.4011 8K1529PG0652 003350 FIRST AMENDMENT TO DECLARATION OF PROTECTIVE COVENANTS AND RESTRICTIONS THIS FIRST AMENDMENT TO DECLARATION OF PROTECTIVE COVENANTS AND RESTRICTIONS made and entered as of this ,day of March, 1996, by JEFFERSON NATIONAL BANK, a national banking association (the "Declarant"). RECITALS R-1. By Declaration of Protective Covenants and Restrictions dated April 21, 1993, recorded in the Clerk's Office of the Circuit Court of Albemarle County, Virginia in Deed Book 1306, page 104, (the "Declaration"), the Declarant subjected to certain covenants and restrictions all that certain property described as Parcel 1-A-1 and Parcel 1-A-2 on "Subdivision Plat of Parcels 1-A-i and 1-A-2, a Division of Tax Map 32 Parcel 19B1 dated February 12, 1991, and prepared by Thomas B. Lincoln Land Surveyor, Inc. (together, "Parcels i-A-i and 1-A-2") . • R-2. The Declaration provides that Declarant may at its option, subject additional land to the covenants and restrictions contained within the Declaration. It is now the Declarant's intent to subject all that certain property known as Lot 1, containing 2.00 acres, ("Lot 1"), and shown as such on that certain "Subdivision Plat Showing Lot 1, A Division of Parcel 19B Tax Map 32, Near Charlottesville-Albemarle Airport, Rivanpa District, Albemarle County, Virginia", prepared by Roudabush, Gale & Assoc., Inc., dated March 19, 1996, attached to and made a part of this instrument. NOW, THEREFORE, WITNESSETH: 1. That Declarant hereby declares that Lot 1 be subjected to the Declaration and shall be held, transferred, sold, conveyed and occupied subject to the covenants, restrictions, easements, charges, and liens contained therein. Lot 1 shall be included within the term "Property", as defined in the Declaration. The Declaration, as amended by this Amendment, shall run with the land and every part thereof and shall be binding upon and inure to the benefit of all owners, lessees, licensees, occupants and their successors as set forth in the Declaration. 2. Declarant continues to reserve its option to create an owners' association for the purpose of maintaining Roads and other common improvements on the Property. Until such time as an owners' association is formed however, Declarant shall maintain the Roads and other common improvements and shall be entitled to collect assessments for such maintenance by using the method for assessments contained in Sections 5.4 through 5.7 of the Declaration. 1 OK 1529P60653 3. The owners of Parcel 1-A-2 shall continue to have the exclusive responsibility to maintain the 50' access easement as provided in Section 4.1 of the Declaration. .4. The Notice provision of 7.1 of the Declaration shall be amended to provide that all notices to the Declarant shall be to the attention of Mr. Walter A. Pace, Vice Chairman, at the address set forth in Section 7.1. IN WITNESS WHEREOF, the Declarant has caused this Amendment to be executed by its duly authorized representative. JEFFERSON NATIONAL BANK By ade &J` - EAL) Its:•'j/ p STATE OF VIRGINIA ) ss. CAL. OF Ci,allu0 It * ) The foregoing instrument was acknowledged before me this 21 day of , 1996 by wait,u�. O. Pate. q.. as of Jefferson National Bank. l 7C.heR 4 wwyy.. ,sokko Notary Public (SEAL) My commission expires: %IS% , 19(0. v:\258s\ausabc\oocrPJW �..A it,ItM II.IIw 2 -Maria — —..—VICINITY MAP / S D1: I'<_y r'b 1.b b 4 COUNTY PLANNING COMMISSION 1 some GT suPwlsOas E • I � �'� Qui OwMM7 APPROVAL STATE°I MOM /!,..r17 s lialkite.61•24•161.___ / �� ( twc OF M LA0 otseiw$ODI Nor . n \\�. ♦ .c N MTN TN[twit~CRT M0 N ACCORON C( AF 1 � �,..' :A • % .4 • VAN M NOM Or TK I.OTMIN•OMRII. MMCC 00 iW1O.Y7� ' • ,i• � noun.....ma. .Ne OJS U$. MT OST II TO ice[CI TO SE IO°ATS CV N TTNB iMK AOOIOMCim SCIIt E' 1":2000.! OWNO Aa mama,OILY. ALL STATOi M= TAL712,Mr A MV NAND T S TA11 A FOCCO TO T. PLAT CII ow MO COMIAOT TO Ila C01•aNNON COMB • f------ — I .4.1, 3. QUAIL RUN (Public Rood) F3°00:00- .° R134.00, 5.° SIE° 02.1036,4,-.1"°0EOI DSTRIP V33.40, '' ..‘24) . �4 532 00'02"E S?' ' ,. . - - -� -T'��-- w---- 34.00 ''Rt �� �, Lf. 100.00 %f 40.Jt' I,F. I05.99 \ RASeSH1036OWNP.4O3NT PWT 1F Dt0. ' � 6 LS. S0• 9LOG. UNE Z 4�_.,$'; w- r0-44*-.•. gel � a LOT I � I ' o T.M.32 Pon 1983-1986 D cc 0.8.1036 p437(Plot) 2.0 0 AC. g�'a 0.8. 1414'p_017(310!) 0 8T,120s.f. o= o CC • A �� , I W NN, ar ty '1 aNN Z -- I a \ e,...1 i:-.)go s: K 8 CD J I tr- 4D g v.O : I OD 64 C., • .. I I.S v'1 2TT.t0' 4 0 N52°00 02'W 0.Ti Ct • 1 I Ct -R I • am- ; SITE DATA 14.t I !Z. OWNER: JEFFERSON NATIONAL SANK R.0.SOS 711 22! = CNARLOTTCSVILLE.VA. 02 ,'Cr � LEAL RCF:OA 1114,.031.t 1L32 PAR,OS CO 2011541:LUNT MIOOSTNIAI. roes PROPCRTY coo NOTUt IN A MOO HAZARD ARCA AS MRCS 0T N.O.O. ROUE OF PARCEL WS AFTER TISSIFIStOR •WRAC: MIS LOT NAS N CAMS OF MPS sr.OF MORS 1I.D6.SPACE WITH SUM LESS THAN 15%. NO nom,DIVISION OF THIS PROPERTY WITHOUT P ANtIIHO CORROSION APPROVAL. T.M. 32 Par. 198 Au LOTS SHALL ENTERS PIT ON PRIOR INTERNAL WOOS. 19.6T At. Residua —0--DENOTES NON PUS. 0.8.1124 p.039 THE30 MONIS MYRICK UNE 6 A NNW REOUNWRENT FOR POKNC STREETS MLR THIS PRIVATE ROAD RILL PROVIDE REASONAOI.E ACCESS BY MOTOR VEHICLE AS REQUIRED ST SEC. 36 OF THE SUBDIVISION PLAT ALSEMARLE ca SUED.ORDINANCE. SHOWING LOT I A DIVISION OF PARCEL 198 TAX MAP 32 .t�F.A�'l 10fr c� L,t�A6 NEAR CHARLOTTESVILLE-ALBEMARLE AIRPORT r�� e 41 S RIVANNA DISTRICT o i ALBEMARLE COUNTY,VIRGINIA x.143 Gale LIC.No.14438 !44,0 s u re,,tp' ROUDASUSH,GALE&ASSOC.,INC. A Professional Corporation ALE: INN 601 _ DATE: MAR.19,1996 CERTIFIED NarND SURlvi V —ENGINEER SC • • 0 OK1529Pc0655 VIRGINIA: IN THE CLERK'S OFFICE OF THE CIRCUIT COURT OF ALBEMARLE: I THIS DEED WAS PRESENTED, AND WITH CERTIFICATE ANNEXED, IS ADMITTED p TO RECORD ON v� 1t. - /() ,1941V, AT 2:45 O'CLOCK i M. STATE TAX $ (039) LOCAL TAX $ (213) TRANSFER FEE $ (212) VSLF $ 1.00 (145) CLERK'S FEE $ ',1,04, 001) PLAT $ a- ex) SEC.58.1-892: TESTS: STATE TAX $ (038) SHELBY .MARSHALL,CLERK LOCAL TAX $ (220) LOCAL TAX $ (223) B`=: ' //WA.. DEPUTY CLERK4L TOTAL $ 15 'W 111 Sore %Ai BK 166[,PC0321 014316 Prepared By TkGo in.Weeds.Bank&&ale.I.I.P. SECOND AMENDMENT TO DECLARATION OF PROTECTIVE COVENANTS AND RESTRICTIONS TI IIS SECOND AMENDMENT TO DECLARATION OF PROTECTIVE COVENANTS AND RESTRICTIONS is made and entered into as of this II"day of 4e12 ,1997,by JEFFERSON NATIONAL BANK,a national banking association (the"Declarant"). RECITALS R-1. By Declaration of Protective Covenants and Restrictions dated April 21, 1993,recorded in the Clerk's Office of the Circuit Court of Albemarle County,Virginia,in Deed Book 1306,page 104,(the"Declaration"),the Declarant subjected to the covenants and restrictions contained in the Declaration certain property more particularly described therein. R-2. By First Amendment to Declaration of Protective Covenants and Restrictions dated March 27,1996,recorded in the Clerk's Office of the Circuit Court of Albemarle County,Virginia in Deed Book 1529,page 652,(the"First Amendment"),the Declarant subjected to the covenants and restrictions contained in the Declaration certain additional land more particularly described in the First Amendment. R-3. The Declaration provides that the Declarant may at its option,subject additional land to the covenants and restrictions contained in the Declaration. The Declarant now intends to subject to such covenants and restrictions certain parcels shown on the plat made by Roudabush,Gale and Associates,a Professional Corporation,dated June 2,1997,titled "Subdivision Plat Showing Lot 7 and Lot 8 Airport Industrial Park A Portion of Tax Map 32, Parcel 1913 Near Charlottesville-Albemarle Airport Rivanna Magisterial District Albemarle County,Virginia"(the"Plat"),which Plat is attached to and made a part of this instrument. AMENDMENT NOW,THEREFORE,the Declarant hereby AMENDS the Declaration in the following respects: 1. The Declarant hereby declares that the following parcels(collectively,the "Additional Subject Parcels")arc subject to the Declaration and shall be held,transferred,sold, conveyed and occupied subject to the covenants,restrictions,easements,charges,and liens contained therein:(i)the parcel shown on the Plat as"Lot 7,"containing 2.600 acres;(ii) the parcel shown on the Plat as"Lot 8,"containing 3.561 acres;and(iii)the parcel shown on the IWO BK 1664P60322 Plat as"Residue.Tax Map 32.Parcel 19B,"containing 8.726 acres. The Additional Subject Parcels shall be included within the term"Property"as defined in the Declaration. The Declaration.as amended by this Amendment,shall run with the Property and every part thereof and shall be binding upon and inure to the benefit of all owners,lessees.licensees,occupants and their successors as set forth in the Declaration. 2. As an appurtenance to the parcels within the Property.there is hereby created a perpetual non-exclusive easement for storm water detention within the area shown on the Plat as"Common Arca 4.000 Acres Permanent Storm Water Detention Easement"(the"New Storm Water Easement"). Such area shall replace the arca described in Section 4.3 of the Declaration,and all references in the Declaration to the"Storm Water Easement"shall be applicable to the New Storm Water Easement created hereby. 3. The Declarant continues to reserve its option to create an owners' association for the purpose of maintaining Roads(as defined in the Declaration)and other common improvements on the Property. Until such time as an owners'association is formed, however,the Declarant shall maintain the Roads and other common improvements and shall be entitled to collect assessments for such maintenance by using the method for assessments contained in Sections 3.4 through 5.7 of the Declaration. 4. The Notice provision of Section 7.1 of the Declaration is hereby amended to provide that all notices to the Declarant shall be sent to the attention of Mr.Wayne G.Coates, at the address set forth in Section 7.1. IN WITNESS WI IEREOF,the Declarant has caused this Amendment to be executed by its duly authorized representative. JEFFERSON NATIONAL BANK Title:�civioa ra, pour 2 BKI664Pc0323 COMMONWEAL:fII OF VIRGINIA: 'ITY OUNTY OFM¢li..t,u:1 ti ulv The foregoing instrument was acknowledged before me this 1'day of ,1997.byVat,Nb . ee-2lLJ✓,as JA• Y P. _ofJef erson National Bank,a national banking association,on behalf of the bank. a. 4 IwCe� j t r.tet.„ Not P lie My Commission Expires: -y/3%2/C1 IN 771E CLERK'S OFFICE OF THE CIRCUIT COURT OF ALBEMARLE: VIRGINIA: THIS DEED WAS PRESENTED, AND WITTI CERTIFICATE ANNEXED, IS ADMITTED /�� f - 19 7 ,AR4 •O'CLOCK M. TO RECORD rCJ-- I STATE TAX S_�_�1039) - IACA1.TAX I S_ (213) (2121 TRANSFER E $.�--- I.T.T.F. $ 3.00_(106) VSL $ 1.00 ( 4S) (LERK'S FEE $ /S�d(301) PLAT $ TFSTE: SE(T.SS.I.802: (03N) S— SHELBY J.MARSHALL, STATE TAX s.__ —(210) �, f �. •,i, P, LOCAL TAX LOCAL TAX — BY: (223► DEPUTY 4. s—.------- TOTAL $./,.6 1:1,14.1111.1.41•109...i 3