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HomeMy WebLinkAbout03567 - RAMADA HOTEL KING LE TAJ TIMESHARE TM28020 PD233 Recording Ilarp,446d By *26494 �-ht American Title Insurance C;ornpaar P a' t x RECORDING REQUESTED BY: ) RECEIVED FOR RECORD AT 2:00 O'CLOCK AND WHEN RECORDED RETURN TO: ) JUL 13 1995 Re=ded n Odrcial Recmns CITY CLERK ) of 0inrside C..nq.Cyilomla CITY OF PALM SPRINGS ) y R�rder P. O. Box 2743 ) •Fees$ Palm Springs, California 92263 ) John & Carole King - CC&Rs PD 233 TM28020 Timeshares 1177 N Palm Cnyn (Prior Ramada Hotel AGREEMENT #3567 _f.M_s_i_nnedd_3-29�5—_— MASTER DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR THE LE TAJ OF PALM SPRINGS OWNERS' ASSOCIATION 226494 TABLE: OF CONTENTS PAGE I. DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Section 1. Adjacent Owners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Section 2. Articles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Section 3. Assessments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Section 4. Association Member . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Section 5. Board of Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Section 6. Bylaws . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Section 7. Club . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Section 8. City . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Section 9. Common Area . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Section 10. Common Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Section 11. Condominium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Section 12. Condominium Building . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Section 13. Condominium Plan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Section 14. County . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Section 15. Covered Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Section 16. Declarant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Section 17. Improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Section 18. Institutional Holder . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Section 19. Master Association . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Section 20. Master Declaration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Section 21. Mortgage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Section 22. Owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Section 23. Party Wall . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Section 24. Project . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Section 25. Restricted Common Area . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Section 26. Sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Section 27. Trendwest Resorts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Section 28. Unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 II. CREATION OF CONDOMINIUMS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Section 1. Designation of Condominiums . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Section 2. Interest in Common Area . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Section 3. Conveyance of Condominiums . . . . . . . . . . . . . . . . . . . . . . . . . . 6 III. RIGHTS OF ENJOYMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Section 1. Association Members' Rights of Enjoyment . . . . . . . . . . . . . . . . . . 6 Section 2. Waiver of Use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 i 2?5494 IV. USE RESTRICTIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Section 1. Commercial Use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Section 2. Interior of Units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Section 3. No Obstruction of Common Area . . . . . . . . . . . . . . . . . . . . . . . . 8 Section 4. Signs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Section 5. Utilities . . . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Section 6. Rules of the Master Association . . . . . . . . . . . . . . . . . . . . . . . . . 8 Section 7. Conduct in Units and Common Area . . . . . . . . . . . . . . . . . . . . . . 9 Section 8. Antennae . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Section 9. Window Covers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 V. ASSOCIATION MEMBERSHIP AND VOTING RIGHTS . . . . . . . . . . . . . . . . . 9 Section 1. Association Membership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Section 2. Transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Section 3. Voting Rights of Association Members . . . . . . . . . . . . . . . . . . . . . 9 Section 4. Election of Association Members of the Board of Directors . . . . . . . 10 VI. COVENANT FOR MAINTENANCE ASSESSMENTS . . . . . . . . . . . . . . . . . . 10 Section 1. Covenant to Pay Assessments . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Section 2. Purpose of Assessments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Section 3. Regular Assessments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Section 4. Special Assessments for Capital Improvements . . . . . . . . . . . . . . . 11 Section 5. Notice and Quorum for Meetings Called Under Sections 3 and 4 . . . . 11 Section 6. Reimbursement Assessments . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Section 7. Reconstruction Assessments . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Section 8. Rate of Assessment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Section 9. Date of Commencement of Regular Assessments; Due Dates . . . . . . . 12 Section 10. No Offsets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Section 11. Reserves . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Section 12. Pledge of Assessment Rights . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Section 13. Effect of Nonpayment of Assessments; Remedies of the Master Association . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 (a) Enforcement by Suit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 (b) Enforcement by Lien . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Section 14. Subordination to Certain Trust Deeds . . . . . . . . . . . . . . . . . . . . . 14 VIl. MANAGEMENT OF THE MASTER ASSOCIATION . . . . . . . . . . . . . . . . . . . 14 Section 1. General Powers of the Master Association . . . . . . . . . . . . . . . . . . 14 Section 2. Contracts of the Master Association . . . . . . . . . . . . . . . . . . . . . . 14 Section 3. General Duties of Master Association . . . . . . . . . . . . . . . . . . . . . 14 Section 4. Maintenance of Buildings and Common Area by the Master Association . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Section 5. Repair and Maintenance of the Units by Owners . . . . . . . . . . . . . . 16 Section 6. Additional Restrictions on Power of the Board . . . . . . . . . . . . . . . 16 ii 22G494 Section 7. Limitation on Board Authority to Contract . . . . . . . . . . . . . . . . . . 16 Section 8. Maintenance of Public Utilities . . . . . . . . . . . . . . . . . . . . . . . . . 16 Section 9. Rights of Entry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Section 10. Master Association Rules . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 VIII. INSURANCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Section 1. Duty to Obtain Insurance; Types . . . . . . . . . . . . . . . . . . . . . . . . 17 Section 2. Waiver of Claims Against Master Association . . . . . . . . . . . . . . . . 18 Section 3. Individual Fire Insurance Prohibited and Rights and Duty of Unit Owner to Insure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Section 4. Notice of Expiration Requirements . . . . . . . . . . . . . . . . . . . . . . . 19 Section 5. Insurance Premiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Section 6. Trustee for Policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Section 7. Actions as Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Section 8. Annual Insurance Review . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Section 9. Required Waiver . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 IX. DESTRUCTION OF IMPROVEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Section 1. Nonstructural Common Area . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Section 2. Condominium Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Section 3. Minor Repairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 X. PARTY WALLS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Section 1. Designation; Applicable Law . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Section 2. Destruction; Repair; Maintenance of Utilities . . . . . . . . . . . . . . . . 22 XI. TAXES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 XIL PROHIBITION AGAINST PARTITION OR SEVERANCE OF UNIT FROM INTEREST IN COMMON AREA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 XIII. RIGHTS OF INSTITUTIONAL HOLDERS OF MORTGAGES . . . . . . . . . . . . . 23 Section 1. Notices of Actions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Section 2. Rights of Institutional Holders Upon Foreclosure . . . . . . . . . . . . . . 24 Section 3. Consent of Institutional Holders . . . . . . . . . . . . . . . . . . . . . . . . 24 Section 4. Amendments to Documents . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Section 5. Additional Rights of Institutional Holders . . . . . . . . . . . . . . . . . 25 Section 6. Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Section 7. Priority of Mortgage; Lien . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Section 8. Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Section 9. Priority on Distribution of Proceeds . . . . . . . . . . . . . . . . . . . . . . 26 XIV. EMINENT DOMAIN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Section 1. Definition of Taking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 iii . � • 226494 Section 2. Representation by Board in Condemnation Proceeding . . . . . . . . . . . 26 Section 3. Award for Condominiums . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Section 4. Inverse Condemnation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Section 5. Awards for Owners, Personal Property and Relocation Allowances . . . 27 Section 6. Notice to Association Members . . . . . . . . . . . . . . . . . . . . . . . . . 27 XV. EASEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Section 1. Utility Easements .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Section 2. Encroachment Easement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Section 3. Common Area Easements . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Section 4. Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Section 5. Construction and Sales Easements . . . . . . . . . . . . . . . . . . . . . . . 28 Section 6. Establishment of Easements . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 XVI. MERGER OR CONSOLIDATION OF THE MASTER ASSOCIATION . . . . . . . . 28 XVII. GENERAL PROVISIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Section 1. Enforcement . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Section 2. Severability of Covenants . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Section 3. Term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Section 4. Construction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Section 5. Amendments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Section 6. Dissolution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Section 7. Non-liability of Officials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Section 8. Violation of Master Declaration . . . . . . . . . . . . . . . . . . . . . . . . 30 Section 9. Common Plan Master Declaration . . . . . . . . . . . . . . . . . . . . . . . 30 ARTICLE XVIIL PROVISIONS BENEFITTING THE CITY . . . . . . . . . . . . . . . . . 30 Section 1. Compliance With Law. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Section 2. Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Section 3. Enforcement by the City . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Section 4. No City Liability . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Section 5. Amendments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Section 6. Covenants Running With the Land . . . . . . . . . . . . . . . . . . . . . . . 32 Section 7. Agreement Between Declarant and City . . . . . . . . . . . . . . . . . . . . 32 Section 8. Notices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 LIST OF EXHIBITS: EXHIBIT "A" — Legal Description of Covered Property EXHIBIT "B" — Location of Public Parcel iv 226494 MASTER DE.CLA'_RATION OF COVENANTS, CONDITIONS AND RESTRICTIONS FOR THE LE TAJ OF PALM SPRINGS OWNERS' ASSOCIATION THIS MASTER DECLARATION is made thisotI day of AA4A L, 1995, by JOHN E. KING and CAROLE D. KING(collectively referred to as "Declarant"), and the CITY OF PALM SPRINGS, a municipal corporation ("City"). RECITALS A. Declarant is the owner in fee of the real property described in Exhibit "A" attached hereto and incorporated herein by this reference (the "Covered Property"). B. This Master Declaration is imposed by Declarant upon the Covered Property. C. Declarant developed on the Covered Property a Condominium Project as defined in Sections 783 and 1350 of the California Civil Code. This Master Declaration is being recorded against the Covered Property in order to provide for its management as a residential use project and as a commercial use project, and in order to enhance and protect its value, desirability and attractiveness. In furtherance of these objectives, Le Taj of Palm Springs Owners' Association, a California nonprofit mutual benefit corporation, or its agents, will manage the Project, maintain and administer the Common Areas, and administer and enforce this Master Declaration, the Articles and Bylaws of the Master Association, and perform such other acts as may benefit the Project. D. The City has fee or easement interests in various streets, sidewalks and other property within the City and the City is responsible for the planning and development of land within the City in such a manner as to provide for the health, safety and welfare of the residents of the City. That portion of the City's interest in real property most directly affected by this Declaration is depicted on Exhibit "B" attached hereto and incorporated herein by reference ("Public Parcel"). E. Declarant and the City intend that, in exchange for the granting of a planned development district approval by the City ("Governmental Approval"), the Declarant hold, sell, and convey the Covered Property subject to the covenants, conditions, restrictions and reservations set forth in this Declaration and that the City shall have the right and power to enforce the covenants, conditions, restrictions and reservations to the extent provided herein. NOW, THEREFORE, Declarant covenants and agrees that the Covered Property, the Project and all of the Condominiums, including any Improvements added or constructed on or about the Project in the future, shall be held, conveyed, assigned, hypothecated, encumbered, leased, used, occupied and improved subject to the following limitations, restrictions, covenants and conditions, for the purpose of creating the Condominium Project and of mutually benefiting the Covered Property, T/13006.2/CC&RS.DLR/➢GG/022895/10:34a r , 226494 the Project and all of the Condominiums, and the future Owners thereof. All of the restrictions set forth herein shall run with the land, and shall be binding upon and for the benefit of all parties having or acquiring any right, title or interest in the Covered Property, the Project or any of the Condo- miniums. I. DEFINITIONS The following terms used in this Master Declaration are defined as follows: Section 1. Adjacent Owners. The term "Adjacent Owners" shall mean and refer to Owners whose Units are located in the same Condominium Building and are separated by a Party Wall. Section 2. Articles. The term "Articles" shall mean and refer to the Articles of Incorporation of the Master Association, which are filed in the Office of the Secretary of State of California, as amended from time to time. Section 3. Assessments. The following definitions shall apply to the assessments described below: (a) Regular Assessment shall mean the amount which is to be paid by each Owner to the Master Association for Common Expenses as provided by the terms of this Master Declaration. (b) Special Assessment shall mean a charge against each Owner and his Condominium, representing a portion of the cost to the Master Association for (1) installation or construction of any capital Improvements on any of the Common Areas which the Master Association may authorize pursuant to the provisions of this Master Declaration, and (2) any Master Association undertaking for which funding is not otherwise provided. (c) Reimbursement Assessment shall mean a charge against a particular Owner for the purpose of reimbursing the Master Association for costs incurred in bringing the Owner and his Condominium into compliance with the provisions of this Master Declaration, the Articles, Bylaws, or Master Association rules, or any other charge designated as a Reimbursement Assessment in this Master Declaration or Master Association rules, together with attorneys' fees and other charges payable by such Owner, pursuant to the provisions of this Master Declaration. (d) Reconstruction Assessment shall mean a charge against each Owner and his Condominium representing a portion of the cost to the Master Association for reconstruction of any portion of the Common Area pursuant to the provisions of this Master Declaration. T/11006.2/CC&RS.DLR/B(3G/022895/10:34= 2 226494 Section 4. Association Member. The term,"Association Member" shall mean and refer to each Owner of a Condominium located on the Covered Property as provided in this Master Declaration, the Articles and the Bylaws. Section 5. Board of Directors. The term "Board of Directors" or "Board" shall mean and refer to the duly elected Board of Directors of the Master Association. Section 6. Bylaws. The term "Bylaws" shall mean the Bylaws of the Master Association, as amended from time to time. Section 7. Club. The term "Club" shall mean the association of Members who hold memberships, WorldMark, The Club, a California nonprofit mutual benefit corporation, or its successor. Section 8. City. The City of Palm Springs, a municipal corporation. Section 9. Common Area. The term "Common Area" shall mean all portions of the Project except the Units, and shall include all common recreational facilities as well as all other land, structures and facilities,within the Covered Property, all as specifically defined and described in the recorded Condominium Plan for the Project. Section 10. Common Expenses. The term "Common Expenses" shall mean and refer to the actual and estimated costs of: (a) maintenance, management, operation, repair and replacement of the Common Area and all other areas on the Covered Property which are maintained by the Master Association; (b) unpaid Special, Reconstruction and Reimbursement Assessments; (c) costs of management and administration of the Master Association, including, but not limited to, compensation paid by the Master Association to managers, accountants, attorneys and employees; (d) the costs of utilities, trash pickup and disposal, gardening and other services benefitting the Owners and their Condominiums to the extent such services are paid for by the Master Association and not separately and individually billed directly to Owners; (e) the costs of fire, casualty, liability, worker's compensation and other insurance covering the Common Area, the Project and the Master Association; (f) the costs of any other insurance obtained by the Master Association; (g) reasonable reserves as deemed appropriate by the Board; T/110062/CC&RS.DLR/BGG/022895/10:34em 3 • • 226494 (h) the costs of bonding of the members of the Board, any professional managing agent or any other person handling the funds of the Master Association; (i) any taxes paid by the Master Association; 0) amounts paid by the Master Association for discharge of any lien or encumbrance levied against the Common Area or portions thereof; (k) the costs incurred by other committees of the Master Association; and p) such other costs or expenses incurred by the Master Association in connection with the Common Area, this Master Declaration, the Articles or Bylaws or in furtherance of the purposes of the Master Association or in the discharge of any obligations imposed on the Master Association by this Master Declaration. Section 11. Condominium. The term "Condominium" shall mean and refer to a fee simple estate in the Covered Property defined as a "Condominium" pursuant to California Civil Code Section 783, and consisting of a separate interest in the Unit, and an undivided fractional interest as tenant in common in the Common Area. Residential Condominiums shall be designated as one bedroom units, two bedroom units, three bedroom units and studio units. Section 12. Condominium Building. The term "Condominium Building" shall mean and refer to a separate building containing two or more Units. Each Condominium Building shall be separately identified on the Condominium Plan for the Project. Section 13. Condominium Plan. The term "Condominium Plan" shall mean that certain Condominium Plan or Plans and any amendments thereto recorded by Declarant for this Project. In interpreting conveyances, declarations and plans, the existing physical boundaries of a Unit constructed, or reconstructed, in substantial accordance with the Condominium Plan shall be conclusively presumed to be its boundaries rather than the description expressed in any such conveyance, declaration or plan, regardless of settling or lateral movement of the building and regardless of minor variances between boundaries as shown on the plan or in the conveyance or Master Declaration and those of the building as constructed. Section 14. County. The term "County" shall mean and refer to Riverside County, California. Section 15. Covered Property. The term "Covered Property" shall mean and refer to all of the real property described in Exhibit "A" attached hereto. Section 16. Declarant. The term "Declarant" shall mean John E. King and Carole D. King, developers of the Project, and their successors and assigns. Section 17. Improvements. The term "Improvements" shall include buildings, outbuildings, driveways, parking areas, fences, screening walls, retaining walls, stairs, decks, hedges, windbreaks, T/11006.2/CC&RS.DLR/IIGa/022895/10:34= 4 • ` z?6444 plantings, trees and shrubs, poles, signs and 01 other structures and landscaping Improvements of every type and kind on the Project. Section 18. Institutional Holder. The term "Institutional Holder " shall mean and refer to any beneficiary of a deed of trust or mortgagee of a mortgage which encumbers a Condominium and which is 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, any federal or state agency, and shall also include Declarant or any entity affiliated with Declarant to the extent that it or they become beneficiaries under a Mortgage or deed of trust securing all or a portion of the purchase price of a Condominium. Section 19. Master Association. The term "Master Association" shall mean and refer to Le Taj of Palm Springs Owners' Association, a California nonprofit mutual benefit corporation, its successors and assigns. Section 20. Master Declaration. 'The term "Master Declaration" shall mean this Master Declaration of Covenants, Conditions and Restrictions for the Le Taj of Palm Springs Owners' Association. Section 21. Mortgage. The term "Mortgage" shall mean and refer to any duly recorded and valid mortgage or deed of trust encumbering a Condominium. Section 22. Owner. The term "Owner" shall mean and refer to one or more persons or entities holding the fee simple interest in any Condominium, excluding those having such interest merely as security for the performance of an obligation. Section 23. Party Wall. The term "Party Wall" shall mean a common wall which divides two Units and serves as a common wall between adjacent Units in a Condominium Building. A Party Wall shall be considered to adjoin and abut against the surface from the bottom of the foundation over the full length and height of each Condominium Building. Section 24. Project. The term "Project" shall mean and refer to all of the Covered Property, together with all of the Condominiums, the Common Area, and all Improvements located upon the Covered Property. Section 25. Restricted Common Area. The term "Restricted Common Area" shall mean and refer to those portions of the Common Area ito which an exclusive right to use is granted to an Owner, as shown and described on the Condominium Plan, consisting of patios (with respect to Condominiums located on the ground floor of a Condominium Building) and balconies (with respect to Condominiums located on the second floor of a Condominium Building). In the event that a discrepancy exists between the location or dimensions of the Restricted Common Area as depicted on the Condominium Plan and as actually constructed, the Restricted Common Area shall be limited to that area actually enclosed within patio walls (where the Restricted Common Area consists of a patio), it being understood that the actual location of such patio walls may vary somewhat from the Condominium Plan due to unforeseen requirements of or decisions made during construction. T/11006.2/CC&RS.DLR/OGG/022895/10:34= 5 • 226454 Section 26. Sale. The term "Sale" as used,herein shall mean the conveyance for value by an Owner of the fee simple interest in a Condominium. Section 27. Trendwest Resorts. The term "Trendwest Resorts" shall mean Trendwest Resorts, Inc., an Oregon corporation. Section 28. Unit. The term "Unit" shall mean and refer to those elements of a Condominium excluding rights in the Common Areas, as more particularly described in the recorded Condominium Plan. II. CREATION OF CONDOMINIUMS Section 1. Designation of Condominiums. Declarant, in order to establish a plan of Condominium ownership for the Project, hereby divides the Project into the following: (a) Sixty-seven (67) designated and legally described Condominium Units, of which sixty-four (64) are residential use Condominiums, and three (3) are commercial use Condominiums, which are shown, defined and described on the recorded Condominium Plan for the Project. (b) The Common Area consisting of the remainder of the Project, excepting the Units. Section 2. Interest in Common Area. Acquisition of a fee interest in a Condominium by an Owner shall entitle such Owner to use and enjoy all of the Common Areas within the Project during the term of such Owner's ownership, provided that the recreational facilities shall be for the use of the residential Condominium Owners and users alone. Each conveyance of a Condominium shall also convey an undivided fractional interest in the Common Area even though the conveyance document may omit reference to the interest in the Common Area. Section 3. Conveyance of Condominiums. Declarant shall transfer the residential use Condominiums to the Club. Declarant shall transfer the commercial use condominiums to Trendwest Resorts, Inc., an Oregon corporation. III. RIGHTS OF ENJOYMENT Section 1. Association Members' Rights of Enjoyment. Every Association Member shall have a nonexclusive easement for use and enjoyment of the Common Area, which shall be appurtenant to and pass with title to each Condominium, subject to all of the easements, covenants, conditions, restrictions and other provisions contained in this Master Declaration, including, without limitation, the following: (a) The right of the Club, as a successor-in-interest to Declarant and the successor Owner of all residential use Condominiums, to record a Declaration of T/11006.2/CC&RS.DLR/BG0/022895/10:34= 6 • • z2"G4sa Vacation Owner Program for WorldMark, The Club, and to include the Covered Property in the Club's vacation owner program as will be more fully described in such Declaration of Vacation Owner Program, as may be amended from time to time. The Club's operation of the vacation owner program shall at all times be deemed a residential use; (b) The right of the Master Association to establish uniform rules and regulations pertaining to the use of the Common Area and any recreational facilities thereon; (c) The right of the Master Association, upon the vote or written assent of two-thirds (2/3) of the voting power of the Association Members, to borrow money for the purpose of improving the Common Area and any Improvements thereon and(subject to the rights of Institutional Holders described in Article XIV) to mortgage, pledge, deed in trust, or hypothecate any or all of its real or personal property as security for money borrowed or debts incurred; (d) Subject to the rights of Institutional Holders described in Article XIV, the right of the Master Association to dedicate, release, alienate, transfer or assign an interest in the Common Area to any public agency, authority, utility or other person for such purposes and subject to such conditions as may be agreed to by the Association Members. No such dedication, release, alienation, transfer or assignment shall be effective unless an instrument is signed by Association Members entitled to cast at least two-thirds (2/3) of the voting power of the Master Association, agreeing to such dedication, release, alienation or transfer has been recorded; (e) The rights and reservations of Declarant as set forth in this Master Declaration; (f) The right of the Board to suspend the rights and easements of use and enjoyment of the recreational facilities, if any, located on the Common Area, of any Association Member, and the persons deriving such rights and easements from any Association Member, for any period during which the payment of any assessment against such Association Member and his Condominium remains delinquent; and, after notice and hearing with an opportunity to be heard, to impose monetary penalties or suspend such use rights and easements for a reasonable period of time as determined by the Board for any violation of this Master Declaration, the Articles, Bylaws or rules and regulations of the Master Association, it being understood that any suspension for either nonpayment of any assessment or breach of such restrictions shall not constitute a waiver or discharge of the Association Member's obligation to pay assessments or comply with the restrictions; Section 2. Waiver of Use. No Association Member may exempt himself from personal liability for assessments duly levied by the Master Association, or release his Condominium from the liens, charges and other provisions of this Master Declaration, the Articles, Bylaws and Master T/11006.2/CC&RS.DLR/13GG/022895/10:34a 7 • • w2s49s Association rules, by waiver of the use and enjoyment of the Common Area or the abandonment of his Unit. IV. USE RESTRICTIONS In addition to all other covenants contained herein, the use of the Project, each Unit and the Common Area is subject to the following: Section 1. Commercial Use. The commercial or non-residential use of a Unit shall be limited to the use of Unit Cl for administrative and maintenance support, Club membership sales and operations at the Covered Property, the use of Unit C2 as a bar and cocktail lounge, and the use of Unit C3 as a restaurant; provided, however, that the Master Association shall have the right to provide or authorize commercial or non-residential use on the Common Area as it deems appropriate for the enjoyment of the Common Area or for the benefit of the Association Members. Section 2. Interior of Units. Each Owner shall have the exclusive right to make alterations, Improvements and modifications to the Unit interiors, and shall be required to paint, repaint, tile, wax, paper or otherwise refinish and decorate the inner surface of the walls, ceilings, floors, windows and doors bounding his own Unit and otherwise: maintain the Unit in a neat, clean, orderly, safe, sanitary and attractive condition. Section 3. No Obstruction of Common Area. There shall be no obstruction of the Common Area nor shall anything be stored in the Common Area without the prior written consent of the Board; provided, however, that personal property and fixtures consistent with the use of any Restricted Common Area may be maintained by Owners upon such Restricted Common Area, subject to such limitations as rules and regulations adopted by the Board may impose. Nothing shall be altered or constructed in or upon or removed from the Common Area, except upon the prior written consent of the Board. Section 4. &M. No sign, poster, billboard, advertising device or other display of any kind shall be displayed so as to be visible from outside any portion of the Project, except such signs as may be used by Trendwest Resorts, in connection with the sale of Club memberships, signs as may be used by Declarant in connection with the operation of the Club, and signs as may be used by the Owners of the commercial use Condominiums in connection with the operation of the restaurant, bar and cocktail lounge. Section 5. Utilities. Each Owner shall be obligated to pay any and all assessments for sewage, electricity, other utilities, taxes and other charges assessed individually against his Unit. Section 6. Rules of the Master Association. Each Owner, tenant or occupant of a Unit shall comply with the provisions of this Master Declaration, the Bylaws, decisions, rules and regulations of the Master Association or its duly authorized representatives which may from time to time be promulgated. Failure to comply with any such provisions, decisions, or resolutions, shall be grounds for an action to recover sums due, for damages, for injunctive relief, or for any other remedy permitted by law or by the terms of this Master Declaration. T/11006.2/CC&RS.DLRB36G/040395/10:42= 8 • MMRQ9a Section 7. Conduct in Units and Common Area. No Unit or the Common Area shall be occupied or used for any purpose or in any manner which shall cause either to be uninsurable against loss by fire or the perils of the extended coverage endorsement of the California Standard Fire Policy form, or cause any policy of insurance to be cancelled or suspended or the company issuing the same to refuse renewal thereof. No Unit shall be used in such a manner as to obstruct or interfere with the enjoyment of occupants of other Units or annoy them by unreasonable noises or otherwise, nor shall any nuisance be committed or permitted to occur in any Unit or upon the Common Area. Section 8. Antennae. No television, radio, or other electronic antenna or device of any type shall hereafter be erected, constructed, placed or permitted to remain on any Condominium Building, unless it was a part of the building as originally constructed or until it has been approved in writing by the Board, or unless it is fully contained within a Unit. Section 9. Window Covers. Curtains, drapes, shutters or blinds may be installed as window covers. No window shall be covered with aluminum foil or similar material. V. ASSOCIATION MEMBERSHIP AND VOTING RIGHTS Section 1. Association Membership. Every Owner shall automatically, upon becoming the Owner of a Condominium, be an Association Member of the Master Association, and shall remain an Association Member until its ownership ceases for any reason, at which time its membership in the Master Association shall automatically cease. Ownership of a Condominium shall be the sole qualification for membership in the Master Association; provided, however, that an Association Member's voting rights or privileges to use the Common Area, or both, may be regulated or suspended as provided in this Master Declaration, the Bylaws or Master Association rules. All memberships shall be appurtenant to the Condominium conveyed, and with the exception of Declarant, a person or entity shall be deemed an Owner of a Condominium only upon recordation of a deed conveying the Condominium to him. Section 2. Transfer. The Association Membership held by any Owner shall not be transferred, pledged or alienated in any way, except upon the conveyance or encumbrance of his Condominium, and then only to the transferee or Mortgage holder of the Condominium. Any attempt to make a prohibited transfer is void, and will not be reflected upon the books and records of the Master Association. In the event an Owner fails or refuses to transfer the membership registered in his name to the transferee of such Condominium, the Board may record the transfer upon the books of the Master Association. Section 3. Voting Rights of Association Members. At all meetings of the Association Members, only one (1) vote shall be cast for each of the Condominiums. Any Owner, including Declarant, who owns more than one (1) Unit may cast one (1) vote for each Unit owned. Except for voting on actions to enforce bonded obligations of the Declarant, wherever in this Master Declaration there is a prescribed majority of votes other than Declarant, the vote or written assent of the prescribed majority of the voting power of the Master Association, as well as the vote or written assent of the prescribed majority of the total voting power of Association Members other than Declarant, shall be required. T/11006.2/CC&RS.DLRMGG/022995/10:34= 9 226494 When more than one (1) person holds an interest in any Condominium, all such persons shall be Association Members, and the vote for such Condominium shall be exercised as they among themselves determine, but in no event shall more than a single vote be cast with respect to any Condominium. The Master Association shall not be required to recognize the vote or written assent of a co-Owner unless that co-Owner is designated in a writing executed by all such co-Owners and delivered to the Master Association. Section 4. Election of Association Members of the Board of Directors. The above provisions notwithstanding, at each annual meeting, the Association Members, excluding the vote of the Declarant, shall be entitled to elect at least one member of the Board of Directors even though such Association Members are otherwise insufficient in number to do so. A director who has been elected solely on votes of Association Members other than Declarant may be removed from office prior to the expiration of his term of office only by the vote of at least a simple majority of the voting power residing in Association Members other than Declarant. VI. COVENANT FOR MAINTENANCE ASSESSMENTS Section 1. Covenant to Pay Assesisments. Declarant, for each Condominium owned within the Project, hereby covenants, and each Owner of any Condominium, by acceptance of a conveyance therefor (whether or not it is expressed in such conveyance), is deemed to covenant and agree to pay to the Master Association: (1) Regular Assessments or charges, (2) Special Assessments, (3) Reimbursement Assessments, and (4) Reconstruction Assessments, all such assessments to be established and collected as hereinafter provided. Each of these assessments, together with interest, costs and reasonable attorneys' fees, shall also be the personal obligation of the person who was the Owner of such Condominium at the time the assessment became due. The personal obligation for delinquent assessments shall not pass to such person's successors in interest unless expressly assumed by them. Section 2. Purpose of Assessments. The assessments levied by the Master Association shall be used exclusively to promote the recreation, health, safety and welfare of the residents of the Project and for the improvement, operation and maintenance of the Common Area and the Project and the performance of the duties of the Master Association as set forth in this Master Declaration, the Articles and Bylaws. Section 3. Regular Assessments. The amount and time of payment of Regular Assessments against each Condominium shall be determined by the Board, giving due consideration to the current maintenance costs and future needs of the Master Association. Not later than sixty (60) days prior to the beginning of each fiscal year, the Board shall estimate the total Common Expenses to be incurred for the upcoming fiscal year, and shall determine the amount of Regular Assessments to be paid by each Association Member. Written notice of the amount of the Regular Assessment for the year shall be sent to each Association Member, who shall thereafter pay the Regular Assessment to the Master Association in monthly installments unless some other period for collection is established by the Board. In the event that the Board at any time determines that the estimate of total charges for the current year is or will become inadequate to meet all Common Expenses for any reason, it shall immediately determine the approximate amount of such inadequacy and issue a supplemental estimate of the T/11006.2/CC&RS.DLR/BGG/022895/10:34= 10 226494 Common Expenses and determine a revised amount,of Regular Assessments for each Association Member, and the date or dates when due. Regular Assessments against each Condominium shall not be increased more than twenty percent (20%) over the Regular Assessments for the preceding year without the vote or written consent of a majority of the total voting power of the Master Association (excluding the voting power of the Declarant). Section 4. Special Assessments for Capital Improvements. In addition to the Regular Assessments authorized above, the Master Association may levy, in any fiscal year, a Special Assessment applicable to that year only, for the purpose of defraying, in whole or in part, the cost of any construction, repair or replacement (other than due to destruction) of a capital Improvement upon the Common Area and the Project, including fixtures and personal property related thereto, or any other action or undertaking on behalf of the Master Association, to the extent the same is not covered by the provisions affecting Reconstruction Assessments described below. Any such assessment for all Condominiums for the fiscal year in the aggregate in excess of five percent (5%) of the budgeted gross expenses of the Master Association for that fiscal year must first be approved by the vote or written assent of a majority of the voting power of the Master Association residing in Association Members other than the Declarant at a meeting duly called for this purpose. The foregoing limitation on Special Assessments shall not apply to any Reimbursement Assessment which is authorized by this Master Declaration. Section 5. Notice and Ouorum for Meetings Called Under Sections 3 and 4. Written notice of any meeting called to approve an increase in Regular Assessments greater than twenty percent (20%) or Special Assessments in excess of five percent (5%) of the budgeted gross expenses for the fiscal year shall be sent to all Association Members not less than ten (10) days nor more than sixty (60) days in advance of the meeting. At any such meeting, the presence of Association Members or of proxies entitled to cast fifty-one percent ('i 1%) of the voting power of the Master Association other than the Declarant shall constitute a quorum. If the required quorum is not present, another meeting may be called subject to the same quorum requirement. Section 6. Reimbursement Assessments. The Master Association may levy a Reimburse- ment Assessment against any Owner who fails to comply with the provisions of this Master Declaration, the Articles or Bylaws, or any rule or regulation adopted by the Master Association, if such failure results in the expenditure of monies by the Master Association in carrying out its functions hereunder or for purposes of collecting any fines which may be levied by the Master Association. Such assessment shall also be for the purpose of reimbursing the Master Association for any costs incurred by the Master Association on behalf of an individual Owner. A Reimbursement Assessment shall be due and payable to the Master Association when levied but may not become a lien as provided by Section 14(b) of this Article VI which could otherwise be enforced by a sale of the Owner's Condominium. Section 7. Reconstruction Assessments. Assessments for reconstruction of Improvements upon the Common Area may be levied in accordance with the provisions of that Article below entitled "DESTRUCTION OF IMPROVEMENTS." Section 8. Rate of Assessment. Regular and Special Assessments shall be fixed for all Condominiums Units (including those owned by Declarant) and shall be levied against each Owner T/11006.2/CC&RS.DLR/BC0/022895/10:34= 11 226494 according to the ratio of 1/67th for each residential and commercial Unit. This ratio is set on the basis of the anticipated use of the Common Area. Since it is not anticipated that the commercial Units will use that portion of the Common Area improved as recreational facilities and hallways between residential Units, the assessments against the commercial Units are the same as the assessments against the residential Units, although the square footage of the commercial Units may be greater than the square footage of the residential Units. Section 9. Date of Commencement of Regular Assessments: Due Dates. The Regular Assessments described herein shall commence as to all Condominiums, including those owned by Declarant, on the first day of the month following the conveyance of the first Condominium by Declarant to an Owner. Section 10. No Offsets. All assessments shall be payable in the amount specified and no offset against such amount shall be permitted for any reason, including, without limitation, a claim that the Master Association is not properly exercising its duties and powers as provided in this Master Declaration. Section 11. Reserves. Regular Assessments shall include reasonable amounts as determined by the Board collected as reserves for the future periodic maintenance, repair or replacement of all or any portion of the Common Area that must be repaired or replaced on a periodic basis, or any other purpose as determined by the Board. Section 12. Pledge of Assessment Riehts. The Master Association shall have the power to pledge to exercise its assessment powers to obtain funds to repay a debt of the Master Association; provided, however, that any such pledge shall require the prior affirmative vote or written assent of not less than seventy-five percent (75%) of the voting power of the Association Members at a meeting duly called and noticed pursuant to the provisions of the Bylaws dealing with Special Meetings of Association Members. The Master Association may levy Special Assessments against the Association Members to obtain such funds. Upon the failure of any Association Member to pay such a Special Assessment when due, the Master Association may exercise all of its rights, including, without limitation, the right to foreclose its lien, pursuant to the further provisions of this Master Declaration. Section 13. Effect of Nonpayment of Assessments: Remedies of the Master Association. Each Owner upon becoming an Owner of any Condominium, covenants and agrees to pay to the Master Association all of the assessments provided for in this Master Declaration and further agrees to the enforcement of all such assessments in the manner herein specified. In the event an attorney is employed for collection of any assessment, whether by suit or otherwise, or to enforce compliance with the terms and conditions of this Master Declaration, each Owner shall be liable for reasonable attorneys' fees and costs thereby incurred in addition to any other amounts due or any other relief or remedy obtained against such Owner. Any assessment or installment thereof not paid within thirty (30) days after the date on which it became due shall bear interest from the date of delinquency at the rate of ten percent (10%) per annum, and a late charge of Ten Dollars ($10.00) shall be assessed. In addition to any other remedies provided herein or available at law or in equity, the Board or its authorized representative, may enforce the obligations of the Owners to pay the assessments provided for in this Master Declaration by either or both of the following procedures: T/11006.2/CC&RS.DLR/BGG/022895/10:34= 12 226494 (a) Enforcement by Suit. By commencement and maintenance of suit at law against any Owner personally obligated to pay assessments for such delinquent assessments. Any judgment rendered in any such action shall include the amount of the delinquency, together with interest thereon, costs of collection, court costs and reasonable attorneys' fees in such amount as the court may adjudge against the delinquent Owner. Suit to recover a money judgment for unpaid assessments shall be maintainable without foreclosing or waiving the lien hereinafter described. The remedy provided in this paragraph shall be the exclusive manner of enforcing payment of delinquent Reimbursement Assessments. (b) Enforcement by Lien. The Board may record, or cause to be recorded, a Notice of Assessment with respect to the Condominium as to which assessments are delinquent. The Notice of Assessment shall be recorded in the Recorder's Office of the County and shall set forth all assessments (other than Reimbursement Assessments) which have become delinquent as of the date of recordation thereof, together with all costs, attorneys' fees, late charges and interest accrued thereon. The Notice of Assessment shall also set forth a description of the Condominium with respect to which it is recorded and the name of the record Owner thereof and shall be signed by any officer of the Master Association, or by any authorized representative of the Board. Immediately upon recordation of a Notice of Assessment, the amounts set forth in said Notice, together with the sums becoming due and payable in accordance with this Master Declaration after the date of recordation of the Notice, shall be and become a lien upon the Condominium described in the Notice, which lien shall be immediately due and payable. Such a lien shall have priority over all liens or claims created subsequent to the recordation of the claim of lien thereof, except for liens for real property taxes and assessments in favor of any governmental assessing unit. Any such lien may be foreclosed by appropriate action in court or in the manner provided by the California Civil Code Sections 2924, et SeMc ., for the foreclosure of a deed of trust with power of sale, or in any other manner permitted by law. The Master Association shall have the power to bid in at any foreclosure sale and to purchase, acquire, hold, lease, mortgage and convey any Condominium. Upon the timely curing of any default for which a Notice of Assessment was filed, by payment of all sums secured by the lien, the Board shall cause an appropriate release of such lien to be recorded in the Recorder's Office of the County. No Owner may waive or otherwise escape liability for the assessments described in this Master Declaration by non-use of the Common Area or any other part of the Project, or abandonment of his Condominium. Notwithstanding anything contained in this Master Declaration to the contrary, no action may be brought to foreclose the lien created by recordation of a Notice of Assessment, whether judicially, by power of sale, or otherwise, until the expiration of ten (10) days after a copy of said Notice, showing the date of recordation thereof, has been mailed to the Owner of the Condominium which is described in such Notice. T/11006.2/CC&RS.DLR/RG0/022895/10:34em 13 226494 Section 14. Subordination to Certain Trust Deeds. The lien for the assessments described herein shall only be subordinate to the lien of a first Mortgage, given and made in good faith and for value, that is of record as an encumbrance against such Condominium prior to the recordation of a Notice of Assessment. The Sale or transfer of any Condominium shall not affect the assessment lien described herein, nor shall such Sale or transfer diminish or defeat the personal obligation of any Owner for delinquent assessments. However, the sale or transfer of any Condominium pursuant to a judicial foreclosure or foreclosure by power of sale of a first encumbrance shall extinguish any assessment lien recorded prior to the time of such sale or transfer. Following a foreclosure, the interest of any purchaser at such foreclosure We shall be subject to all assessments becoming due after the date of such Sale or transfer, and in the event of nonpayment of such assessments, shall be subject to all of the remedies described in this Master Declaration. For the purpose of this Section 15, a sale or transfer of a Condominium shall occur on the date of recordation of a deed to the Condominium evidencing the conveyance of record ownership of the Condominium. VII. MANAGEMENT OF THE MASTER ASSOCIATION Section 1. General Powers of the Master Association. All powers relating to the management, operation and maintenance of the Common Area, as well as certain rights, duties and powers relating to the individual Units, shall be vested in the Master Association and in its Board of Directors. The specific and primary purposes and powers of the Master Association and the Board are to provide architectural control of, manage and maintain the Project and the Common Area and to enforce the provisions of this Master Declaration, the Articles and Bylaws, and any other instruments relating to the management and control of the Master Association. The Master Association may do any and all other acts and things that a nonprofit mutual benefit corporation is empowered to do, which may be necessary, convenient or desirable in the administration of its affairs and in order to carry out the duties described in this Master Declaration. The Master Association, through its Board of Directors, shall have the authority to delegate its powers to committees, officers of the Master Association and its employees. Section 2. Contracts of the Master Association. The Master Association shall have the right and power to employ or engage a manager and other employees or agents and contract for such services, labor and materials as it may deem reasonably necessary to operate and maintain the Common Area and the improvements thereon and to discharge its other duties. Section 3. General Duties of Master Association. In addition to the duties and powers enumerated in its Articles and Bylaws, or elsewhere described herein, and without limiting the generality thereof, and subject to the limitations set forth in Sections 7 and 8 of this Article, the Master Association acting through the Board shall: (a) Maintain and otherwise manage all of the Common Area and all facilities, Improvements and landscaping within the Project; (b) Procure and maintain public liability and fire insurance with extended coverage on the Units and the Common Area as required by the terms of this Master Declaration. The Board shall also have the authority to procure and maintain any other T/11006.2/CC&RS.DLR/BC,6/022895/10:34= 14 • • 226494 type of insurance which the Board determines is in the best interest of the Master Association and its Association Members; (c) Obtain, for the benefit of the Common Area and the Units, all water, gas and electric services and refuse collection, unless such services are separately charged and metered to the individual Owners; (d) Pay taxes and assessments which are or could become a lien on the Common Area, or some portion thereof; (e) Prepare budgets and financial statements for the Master Association and its Association Members as prescribed in the Bylaws; (f) Initiate and pursue disciplinary proceedings against Association Members for violations of provisions of this Master Declaration, the Articles or Bylaws, in accordance with the procedures set forth in this Master Declaration; and (g) Subject to approval by a majority vote of Association Members, borrow money and incur indebtedness for the purposes of the Master Association and cause to be executed and delivered therefor, in the Master Association's name, promissory notes, bonds, debentures, deeds of trust, mortgages, pledges or other evidences of debt and security. Section 4. Maintenance of Buildings and Common Area by the Master Association. The Master Association shall provide exterior maintenance of each Condominium Building as follows: (a) The Master Association shall maintain in good repair all exterior surfaces including, but not limited to, the exterior walls and roof. The Owner of each Unit shall maintain in good repair all other surfaces, parts and portions abutting the Unit. (b) Such exterior maintenance shall not include: window glass, interior doors, including locks, latches, weather stripping and thresholds, interior building surfaces, stoppage of drains when attributable to a specific Unit, Improvements within the Restricted Common Area, if any, air conditioners or any repairs or replacements arising out of or caused by the willful or negligent act of the Owner, his family, guests or invitees. Such excluded items shall be the responsibility of the Owner of each Unit. The Master Association shall provide landscaping and gardening services for all Common Areas and shall assure that all landscaping is properly irrigated, trimmed and maintained. The Master Association shall repair and maintain all recreational facilities within the Common Area in a neat, clean, orderly, safe, sanitary and attractive condition. (c) The Master Association shall maintain all fire protection equipment located on the Common Area including, but not limited to, fire stand pipes, fire alarms and smoke detectors. Fire protection equipment located within a Unit shall be maintained by the Owner of the Unit. T/11006.2/CCRRS.DLR/BGG/022895/10:34= 15 Section 5. Renair and Maintenance,of the,Units by Owners. Each Owner shall maintain, repair, replace, remodel and restore all portions of his Unit including, without limitation, all window glass, the interior walls, ceilings, windows, floors and doors in a clean, sanitary and attractive condition, and shall also be responsible for the maintenance and repair of the plumbing, electrical and heating systems servicing his Unit and located within the outside perimeter of the exterior bearing walls of the Condominium Building. All repairs and maintenance effected pursuant to this section shall be subject to such rules as the Master Association may establish. If any Owner fails to maintain or make the repairs or replacements which are the responsibility of such Owner then, upon vote of a majority of the Board, and after not less than thirty (30) days notice to the Owner, the Master Association shall have the right(but not the obligation) to enter the Unit and provide such maintenance or make such repairs or replacements, and the cost thereof shall be a Reimbursement Assessment chargeable to such Condominium and payable to the Master Association by the Owner thereof. Section 6. Additional Restrictions on Power of the Board. The Board shall be prohibited without the prior vote or written consent of a majority of the voting power of the Master Association (excluding the voting power of the Declarant), from doing any of the following: (i) incurring aggregate expenditures for capital Improvements to any portion of the Project in any fiscal year in excess of five percent (5%) of the budgeted gross expenses of the Master Association for that fiscal year; or (ii) selling during any fiscal year property of the Master Association having an aggregate fair market value greater than five percent (5%) of the budgeted gross expenses of the Master Association for that fiscal year; (iii) paying compensation to directors or officers of the Master Association for services performed in the conduct of the Master Association's business; provided, however, that the Board may cause a director or officer to be reimbursed for expenses incurred in carrying on the business of the Master Association; or (iv) filling a vacancy on the Board created by the removal of a director: Section 7. Limitation on Board Authority to Contract. The Board shall not enter into any contracts for goods or services with a duration greater than one (1) year without the vote or written consent of a majority of the voting power of the Master Association residing in Association Members other than Declarant with the following exceptions: (i) a management contract; (ii) a contract with a public utility company if the rates charged for the materials or services are regulated by the Public Utilities Commission; provided, however, that the term of the contract shall not exceed the shortest term for which the supplier will contract at the regulated rate; (iii) prepaid casualty and/or liability insurance policies of not to exceed three (3) years duration, provided that the policy provides for short rate cancellation by the insured; or (iv) lease agreements for laundry room fixtures and equipment of not to exceed five (5) years duration, provided that the lessor under the agreement is not an entity in which the Declarant has a direct or indirect ownership interest of ten percent (10%) or more. Section 8. Maintenance of Public Utilities. Nothing contained herein shall require or obligate the Master Association to maintain, replace or restore the underground facilities of public utilities which are located within easements in the Common Area. However, the Master Association shall take such steps as are necessary or convenient to ensure that such facilities are properly maintained, replaced or restored by such public utilities. Section 9. Rights of Entrv. Each Owner grants to all other Owners within the Project an easement and right to enter each Unit or to have utility companies or repairmen enter such Units in T/11006.21CC&RS.DLR/BGG/022995/10:34= 16 • • 226494 order to repair the plumbing, heating and electrical systems located thereon. The Master Association, through its agents or employees, shall have a limited right of entry in and upon all Units for the purpose of inspecting the Project, and taking whatever corrective action may, after approval by a two- thirds (2/3) vote of the Board, be deemed necessary or proper by the Board, consistent with the provisions of this Master Declaration. However, nothing herein shall be construed to impose any obligation upon the Master Association to maintain or repair any property or portion of a Unit to be maintained or repaired by the Owner thereof. Nothing in this Article shall in any manner limit the right of an Owner to the exclusive occupancy and control of his Unit. Entry into a Unit by another Owner or the Master Association for other than emergency repairs shall be made only after three (3) days notice has been given to the Owner, shall be made with as little inconvenience as possible to the Owner and any damage caused thereby shall be repaired by the entering party. In case of an emergency, the right of the Master Association or another Owner, or an agent or employee on their behalf, to enter into a Unit shall be immediate; provided, however, that such entry shall be made with as little inconvenience as possible to the Owner and any damage caused thereby shall be repaired by the entering party. No party shall be liable for failing to exercise this right of entry during any emergency. Section 10. Master Association Rules. The Board shall have the power to adopt, amend and repeal such rules and regulations as it deems reasonable which may include the establishment of a system of fines and penalties enforceable as a Reimbursement Assessment. The Master Association rules shall govern matters in furtherance of the purposes of the Master Association, including, without limitation, the use of the Common Area; provided, however, that the Master Association rules may not discriminate among Owners, and shall not be inconsistent with this Master Declaration, the Articles or Bylaws. A copy of the Master Association rules as they may from time to time be adopted, amended or repealed or a notice setting forth the adoption, amendment or repeal of specific portions of such rules shall be delivered to each Owner. The Master Association rules shall have the same force and effect as if they were set forth in and were part of this Master Declaration and shall be binding on the Owners and their successors in interest, whether or not actually received by them. VIII. INSURANCE Section 1. Duty to Obtain Insurance: Tunes. The Board of Directors, on behalf of the Master Association, shall obtain and continue in effect the following types and policies of insurance: (a) Liability insurance against death, bodily injury and property damage arising out of or in connection with the use, ownership or maintenance of the Common Areas or the Units of the Project. The amounts of such public liability insurance shall be determined by the Board, but shall not be less than $500,000/$1,000,000 for personal injury and $100,000 for property damage. The liability insurance policy must provide as follows: (i) All Owners as a class are named as additional insureds in a policy issued to the Master Association; and T111006.2/CC&RS.DLR/BGG/022895/10:34= 17 226494 (ii) The waiver by the insurer of its right to subrogation under the policy against any Owner or any member of such Owner's house- hold. In addition, such policy of public liability insurance covering the Common Area shall contain a "Severability of Interest" endorsement which shall preclude the insurer from denying the claim of any Owner because of negligent acts of the Master Association or other Owners. (b) Casualty insurance and fire insurance with extended coverage, in an amount equal to one hundred percent (100%) of the full insurable replacement cost of the Units and the Common Area, including all Condominiums, without deduction for depreciation. Such insurance shall be maintained by the Board for the benefit of the Master Association, the Owners and Institutional Holders as their interests may appear as named insured, subject, however, to loss payment requirements set forth herein. Each such policy shall contain a standard mortgagee clause, which must be endorsed, which provides that any proceeds shall be paid to the Master Association for the use and benefit of mortgagees as their interest may appear. (c) Fidelity coverage against dishonest acts on the part of directors, officers, managers, trustees, employees or volunteers responsible for handling funds belonging to or administered by the Master Association. Such insurance shall name the Master Association as obligee and shall be written in an amount equal to one hundred fifty percent (150%) of the estimated annual operating expenses of the Master Association, including reserves. Persons serving without compensation shall be covered by endorsement to the policy if not otherwise covered under the policy. The Board may purchase such other insurance as it deems necessary, including, but not limited to, plate glass insurance, medical payments, malicious mischief and vandalism insurance, worker's compensation and directors' and officers' liability. Section 2. Waiver of Claims Against Master Association. As to each policy of insurance maintained by the Board, the Owners hereby waive and release all claims against the Master Association, the Board and Declarant, only to the extent of the insurance proceeds available to the Owners whether or not the insurable damage or injury is caused by the negligence of or breach of any agreement by said persons. Section 3. Individual Fire Insurance Prohibited and Rights and Duty of Unit Owner to Insure. No Owner shall separately insure his Condominium or any part thereof against loss by fire or other casualty covered by any insurance carried by the Master Association; provided, however, that each Owner shall insure his personal property and Improvements within his Unit, but not including the Unit. Each Owner may carry such public liability insurance as he may deem desirable to cover his individual liability for damage to person. or property occurring inside his Unit or elsewhere upon the Project. All such other policies carried by Owners shall contain waivers of subrogation of claims against Declarant, the Master Association, the Board, officers of the Master Association and all other Owners. Such other policies shall not adversely affect or diminish the coverage of any insurance T/1 1006.2/CC&RS.DLR/BGG/022995110:34= 18 • • 226494 maintained by the Master Association, and duplicate,copies of such other policies shall be deposited with the Board. If any loss intended to be covered by insurance carried by the Master Association occurs and the proceeds payable thereunder are reduced by reason of insurance carried by an Owner, such Owner shall assign the proceeds of such insurance carried by him to the Master Association, to the extent of such reduction, for application by the Board to the same purposes as the reduced proceeds are to be applied. Section 4. Notice of Expiration Requirements. All of the policies of insurance described herein shall contain a provision that said policies shall not be cancelled or terminated, or expire by their terms, without thirty (30) days prior written notice to the Board, Declarant, Owners and Institutional Holders (provided that such Owners or Institutional Holders have filed written requests with the carrier for such notice) and every ether person in interest who requested such notice of the insurer. Section 5. Insurance Premiums. Premiums for any blanket insurance coverage obtained by the Master Association and any other insurance deemed necessary by the Board shall be a Common Expense to be included in the assessments levied by the Master Association and collected from the Owners. The proportion of such assessments necessary for the required insurance premiums shall be used solely for the payment of premiums of required insurance as such premiums become due. Section 6. Trustee for Policies. The Board shall be trustee of the interests of all named insureds under policies of insurance purchased and maintained by the Master Association. All insurance proceeds under any such policies shall be paid to the Board as trustee. The Board shall have full power to receive and to receipt for the proceeds and to disburse such proceeds as provided herein. Insurance proceeds shall be used by the Master Association for the repair or replacement of the property for which the insurance was carried or otherwise disposed of as provided in this Master Declaration. The Board shall have the authority to negotiate loss settlements with insurance carriers, with participation by Institutional Holders who so desire and have filed written requests under Section 4 of this Article. Any two (2) officers of the Master Association may sign a loss claim form and release form in connection with the settlement of a loss claim, and such signatures shall be binding on all the named insureds. Section 7. Actions as Trustee. Except as otherwise specifically provided in this Master Declaration, the Board, acting on behalf of the Master Association and all Owners, shall have the exclusive right to bind such parties in respect to all matters affecting insurance carried by the Master Association, the settlement of a loss claim, and the surrender, cancellation, and modification of all such insurance, in a manner satisfactory to seventy-five percent (75%) of the Institutional Holders who have filed requests under Section 4 of this Article to the extent such Institutional Holders desire to participate. Duplicate originals or certificates of all policies of fire and casualty insurance carried by the Master Association and of all renewals thereof, together with proof of payment of premiums, shall be delivered by the Master Association to all Institutional Holders who have requested the same in writing. Section 8. Annual Insurance Review. The Board shall review the insurance carried by the Master Association at least annually, for the purpose of determining the amount of the casualty and fire insurance referred to in Section 1 above. The Board shall obtain a current appraisal of the full T/11006.2/CC&RS.DLR/RGG/022895/10:34= 19 226494 replacement value of the buildings and Improvements in the Project, except for foundations, footings and masonry walls, without deduction for depreciation, by a qualified independent insurance appraiser, prior to each such annual review. Section 9. Required Waiver. All policies of hazard and physical damage insurance shall provide for waiver of the following rights, to the extent that the respective insurers would have the rights without such waivers: (a) Subrogation of claims against the Owners or their sublessees, guests, or invitees; (b) Any defense based on co-insurance; (c) Any right of set-off, counterclaim, apportionment, proration or contribution by reason of other insurance not carried by the Master Association; (d) Any invalidity, other adverse effect or defense on account of any breach of warranty or condition caused by the Master Association, any Owner or any tenant of an Owner, or arising from any act, neglect or omission of any named insured, or the respective agents, contractors and employees of any insured; (e) Any right of the insurer to repair, rebuild or replace, and, in the event the building is not repaired, rebuilt or replaced following loss, any right to pay under the insurance an amount less than the replacement value of the Improvements insured or the fair market value thereof; (f) Notice of the assignment of any Owner of its interest in the insurance by virtue of a conveyance of any Condominium; and (g) Any right to require any assignment of any Mortgage to the insurer. IX. DESTRUCTION OF IMPROVEMENTS Section 1. Nonstructural Common Area. In the event of partial or total destruction of that portion of the Common Area excluding Condominium Buildings ("Nonstructural Common Area") it shall be the duty of the Master Association to restore and repair the same to its former condition if the proceeds of any insurance maintained pursuant hereto shall be used for this purpose, subject to the prior rights of Institutional Holders whose interest may be protected thereunder are at least eighty-five percent (85%) of the estimated cost of restoration, unless, within ninety (90) days from the date of destruction, or within sixty (60) days after final settlement of insurance claims, whichever is later, seventy-five percent (75%)of the Owners approve a resolution that such repair and reconstruction shall not occur. A meeting or ballot for such determination shall be held upon the written request of at least one (1) Owner or if called pursuant to the Bylaws. If the insurance proceeds are less than eighty-five percent (85%) of the estimated costs of repair and/or reconstruction, repair and reconstruction may nevertheless take place if, within ninety (90) days from the date of destruction or within sixty (60) days T/11006.2/CC&RS.DLR/BGG/022995/10:34= 20 • i z6494 after final settlement of insurance claims, whichever is later, seventy-five percent (75%) of the Owners approve a resolution that such repair and/or reconstruction shall occur, and approve a Reconstruction Assessment levied against each Owner to make up the difference. The "estimated costs" shall be determined by obtaining estimates from at least two reputable contractors. In the event of a determination not to replace or restore affected portions of the Nonstructural Common Area, such affected areas shall be cleared and landscaped and the costs thereof shall be paid for with the insurance proceeds, and any deficiency may be raised by a Reconstruction Assessment in an amount determined by the Board. In the event any excess insurance proceeds remain, the Board shall distribute pro rata all such excess proceeds to the Association Members, subject to the prior rights of Institutional Holders whose interest may be protected by insurance policies carried by the Master Association. The rights of an Owner and the Institutional Holder of his Condominium as to such pro rata distribution shall be governed by the provisions of the Mortgage encumbering such Condominium. Section 2. Condominium Buildings. In the event of partial or total destruction of a Condominium Building, it shall be the duty of the Master Association to restore and repair the same to their former condition, unless, within ninety (90) days from the date of destruction, or within sixty (60) days after final settlement of insurance claims, whichever is later, seventy-five percent (75%) of the Owners approve a resolution that such repair and reconstruction shall not occur. A meeting or ballot for such determination shall be held upon the written request of at least one (1) Owner or if called pursuant to the Bylaws. If the insurance proceeds are less than eighty-five percent (85%) of the estimated costs of repair and/or reconstruction, repair and reconstruction may nevertheless take place if, within ninety (90) days from the date of destruction or within sixty (60) days after final settlement of insurance claims, whichever is later, seventy-five percent (75%) of the Owners approve a resolution that such repair and/or reconstruction shall occur, and approve a Reconstruction Assessment levied against each Owner to make up the difference. The "estimated costs" shall be determined by obtaining estimates from at least two reputable contractors. The proceeds of any insurance maintained pursuant hereto shall be used for this purpose, subject to the prior rights of Institutional Holders whose interest may be protected thereunder. The amount of each Owner's Reconstruction Assessment shall be prorated among destroyed Condominium Buildings and Units and levied upon the basis of the ratio of the square footage of the floor area of the Unit to be assessed to the; total square footage of the floor area of all Units to be assessed. In the event of a decision not to rebuild any destroyed Condominium Building, the site of such Building shall be cleared and landscaped and the costs thereof shall be paid for with insurance proceeds, and any deficiency may be raised by a Reconstruction Assessment in an amount determined by the Board. In the event any excess insurance proceeds remain, such funds shall be distributed pro rata between the Owners of the affected Units, subject to the rights of Institutional Holders whose interest may also be protected by such insurance. The rights of an Owner and the Institutional Holder of his Unit as to such pro rata distribution shall be governed by the provisions of the Mortgage encumbering such Unit. Any distribution of excess insurance proceeds between Owners of destroyed Units (and/or Institutional Holders) shall be effected proportionately, in accordance with the fair market values of such Units as of the time of destruction, as determined by an MAI appraiser T/11006.2/CC&RS.DLR/BCG/022895/10:34= 21 • ?tiC494 appointed by the Board. The cost of such appraisal shall be paid for by the affected Owners, and the appraisal amounts and resulting proportional distribution of excess insurance proceeds shall be binding on the affected Owners. All amounts collected as Reconstruction Assessments shall be used only for the purposes set forth in this Article, shall be deposited by the Board in a separate bank account to be held in trust for such purposes, shall not be commingled with any other funds of the Master Association and shall be deemed a contribution to the capital account of the Master Association by the Association Members. Section 3. Minor Repairs. Notwithstanding anything to the contrary in this Article, and irrespective of the amount or availability of insurance proceeds, if the estimated cost of repair and/or reconstruction is $20,000 or less, the Board shall proceed immediately to arrange for prompt repair and/or reconstruction. Such amount shall be adjusted annually according to the U.S. Department of Labor Consumer Price Index for all Urban Consumers (CPI-U). Any portion of said amount which is not covered by insurance proceeds shall be paid by the Owners pursuant to a Reconstruction Assessment levied for that purpose. Such Reconstruction Assessment, if the repair is made to the Common Area, shall be equal for all Owners. If the repair is made to Condominiums, the affected Owners shall be assessed their pro rata share based upon the square footage of the Unit assessed to the square footage of all Units to be assessed. X. PARTY WALLS Section 1. Designation; Applicable Law. Each wall which is built as a part of the original construction of Condominium Buildings and placed upon the dividing line between adjacent Units shall constitute a Party Wall, and to the extent not inconsistent with the provisions of this Article, the general rules of law regarding party walls and liability for property damage due to negligence or willful acts or omissions shall apply. Section 2. Destruction: Repair; Maintenance of Utilities. The cost of reasonable repair and maintenance of a Party Wall and any utilities located therein shall be shared equally by the Adjacent Owners whose Units abut such wall. Should any Party Wall or portion thereof abutting an Owner's Unit be damaged or destroyed, that Owner shall immediately reconstruct or repair the same, and in the event that the Owner fails to do so within a reasonable time, the Board may elect to cause such reconstruction or repair, and the cost thereof shall be a Reconstruction Assessment chargeable to such Unit and payable to the Master Association by the Owner thereof. An Owner who by his negligent or willful act causes the Party Wall to be exposed to the elements shall bear the sole cost of furnishing the necessary protection against such elements. XI. TAXES Real property taxes, levies and assessments shall be separately and individually billed by the County Assessor's Office to Owners of the Condominiums. Payment of any real or personal property tax, assessment or levy of any type allocated to an individual Condominium shall be the sole responsibility of the Owner of that Condominium. The Master Association shall not be liable for the T/11006.2/CC&RS.DLR/BGG/022995/10:34= 22 226494 collection and payment of any real or personal property taxes of any type whatsoever levied against individual Association Members and Owners on account of their Condominiums. In the event that any taxes are levied or assessed against the Common Area or personal property of the Master Association rather than against individual Condominiums, the amount of such taxes shall be considered a Common Expense which shall be paid by the Master Association through the Regular Assessment process. XII. PROHIBITION AGAINST PARTITION OR SEVERANCE OF UNIT FROM INTEREST IN COMMON AREA Except as provided by California Civil Code Section 1354 or any amendment thereto, the Common Area shall remain undivided and each Owner irrevocably waives the right to bring any action to partition the Common Area. The rights in the Common Area and title to the respective Condominiums, together with any exclusive easements or rights appurtenant to each Unit, shall not be separated, severed or separately conveyed, assigned, encumbered or otherwise transferred. All rights in the Common Area shall be conclusively deemed to be conveyed, assigned, transferred or encumbered with the respective Condominium, even though the description in the instrument of conveyance or encumbrance may refer only to the Unit. In addition, no Owner, and no other person acquiring any right, lien, or interest in any Unit in the Project, shall be permitted to seek or obtain judicial partition of a Unit, or sale of a Unit in lieu of partition. This prohibition shall not be deemed to prohibit the sale of a Unit upon the termination of the Project or the removal of the Unit from the Project in accordance with the provisions of this Master Declaration or applicable law. XHI. RIGHTS OF INSTITUTIONAL HOLDERS OF MORTGAGES The following provisions are for the benefit of Institutional Holders, Insurers and Guarantors of first Mortgages on Condominiums within the Covered Property and shall apply notwithstanding any provision to the contrary set forth elsewhere in this Master Declaration or the Bylaws. These provisions apply only to "Eligible Holders" as defined below. Section 1. Notices of Actions. Any Institutional Holder, Insurer or Guarantor of a first Mortgage who provides written request to the Master Association, stating the name and address of such Holder, Insurer or Guarantor and the Condominium number, address or legal description of the particular Condominium encumbered (thus, becoming an Eligible Holder) will be entitled to timely written notice of: (a) Any default by the Owner of such Condominium in the performance of such Owner's obligations under the Master Declaration or Bylaws which is not cured within sixty (60) days from the date of such default; (b) Any condemnation proceedings affecting the Project; T/11006.2/CC&RS.DLR/➢GG/022895/10:34= 23 226494 (c) Any substantial damage to or destruction of the secured Condominium or any portion of the Common Area; (d) Any proposed termination of the Master Association; (e) Any lapse, cancellation or material modification of any insurance policy maintained by the Master Association; or (f) Any proposed action which would require the consent of Eligible Holders as further described in this Article. Section 2. Rights of Institutional Holders Upon Foreclosure. Any Institutional Holder of a first Mortgage on a Condominium which comes into possession of that Condominium pursuant to judicial foreclosure or foreclosure by power of sale shall: (a) Acquire title in such Condominium free of any claims for unpaid assessments or charges against the Condominium accruing prior to the Institutional Holder's acquisition of title; (b) Not be obligated to cure any breach of this Master Declaration which is noncurable or of a type which is not practical or feasible to cure and which took place prior to acquisition of title to the Condominium by the Institutional Holder; and (c) Be exempt from any right of first refusal contained in this Master Declaration, any amendment hereto, or any Supplemental Master Declaration, and such right of first refusal shall not impair the rights of an Institutional Holder to (i) foreclose or acquire title to a Condominium pursuant to the remedies provided in the Mortgage, (ii) accept an assignment in lieu of foreclosure in the event of default by the mortgagor, or (iii) sell or lease a Condominium acquired by the Institutional Holder. Section 3. Consent of Institutional Holders. The consent of Institutional Holders, Insurers or Guarantors shall be required in order to take the following actions with respect to the Master Association and rights and obligations of Association Members and Institutional Holders: (a) Any restoration or repair of the Covered Property after a partial condemnation or damage due to an insurable hazard shall be substantially in accordance with this Master Declaration and the original plans and specifications unless the approval of the Eligible Holders of first encumbrances on Condominiums to which at least fifty-one percent (51%) of the votes of the Owners of such Condominiums, subject to encumbrances held by such Eligible Holders are allocated, is obtained; (b) Any election to terminate the Master Association after substantial destruction or a substantial taking in condemnation shall require the approval of the Eligible Holders of first encumbrances on Condominiums to which at least fifty-one percent (51%) of the votes of Owners of such Condominiums, subject to first encumbrances held by such Eligible Holders, are allocated; and T/11006.2/CC&RS.DLR/0GG/022895/10:34a 24 • • 22L494 (c) Unless at least seventy five percent (75%) of the Owners (other than Declarant) have given their prior written approval, the Master Association and the Owners shall not be entitled to: (i) change the pro rata interest or obligations of any Condominium for the purposes of levying assessments and charges or allocating distributions of hazard insurance proceeds or condemnation awards; (ii) partition or subdivide any Unit or the Common Area; (iii) by act or omission seek to abandon, partition, subdivide, encumber, sell or transfer the Common Area (the granting of easements for public utilities or for other public purposes consistent with the intended use of the Common Area of the Project shall not be deemed a transfer within the meaning of this provision); (iv) use hazard insurance proceeds for losses to any portion of the Project (whether to Units or the Common Area) for other than the repair, replacement or reconstruction of such Improvements, except as provided by statute in case of substantial loss to the Units :md/or Common Area of the Project. Section 4. Amendments to Documents. The following provisions contained in this Section do not apply to amendments to the Bylaws or this Master Declaration or termination of the Master Association made as a result of destruction, damage or condemnation pursuant to subsections (a) and (b) of Section 3 above. (a) The consent of one hundred percent (100%) of the voting power of the Master Association and the approval of the Eligible Holders of first encumbrances on Units to which at least sixty-seven percent (67%) of the votes of Association Members owning Condominiums subject to such encumbrances pertain, shall be required to terminate the Master Association. (b) The consent of at least sixty-seven percent (67%) of Association Members and the approval of Eligible Holders of first encumbrances on Condominiums to which at least fifty-one percent (51%) of the votes of Association Members whose Condominiums are subject to such art encumbrance pertain, shall be required in order to materially amend any provision of the Master Declaration, Bylaws, or Articles, or to add any material provisions thereto, which establish, provide for, govern or regulate any of the following: (i) voting, (ii) assessments, assessment liens or subordination of such liens, (iii) reserves for maintenance, repair and replacement of the Common Area, (iv) insurance or fidelity bonds, (v) rights to use the Common Area, (vi) responsibility for maintenance and repair of the Project, (vii) expansion or contraction of the Project or the addition, annexation or withdrawal of property to or from the Master Association, (viii) boundaries of any Condominium Building or Unit, (ix) leasing of Condominiums, (x) imposition of any right of first refusal or similar restrictions of the right of any Owner to sell, transfer or otherwise convey his Condominium, (xi) establishment of self-management by the Master Association where professional management has previously been required, or (xii) any provisions included in the Master Declaration, Bylaws or Articles which are for the express benefit of Institutional Holders, Guarantors or Insurers of first encumbrances on Condominiums. Section 5. Additional Riehts of Institutional Holders. Any Institutional Holder of a Mortgage on a Condominium in the Project will, upon request, be entitled to: (a) inspect the books T/11606.2/CC&RS.DLR/BGG/022895/10:34= 25 • • 226494 and records of the Master Association during; normal business hours, and (b)receive an annual audited financial statement of the Master Association within ninety (90) days following the end of any fiscal year of the Master Association; provided, however, that such audited statements shall be made available only if they have been prepared by the Master Association in the regular course of business, and (c) receive written notice of all meetings of Owners and be permitted to designate a representative to attend all such meetings. Section 6. Information. Any Institutional Holder is authorized to furnish information to the Board concerning the status of any loan encumbering a Condominium. Section 7. Priority of Mortgage Lien. No breach of the covenants, conditions or restrictions contained in this Master Declaration nor the enforcement of any lien provisions created herein, shall affect, impair, defeat or render invalid the lien of any first Mortgage made in good faith and for value, but all of the covenants, conditions and restrictions shall be binding upon and effective against any Owner whose title to a Condominium is derived through foreclosure, trustee's sale, or otherwise. Section 8. Insurance. The Owners and the Master Association shall procure and maintain fire and liability insurance and such other insurance as may, from time to time, be required by Institutional Holders of first Mortgages on Condominiums within the Project. All such insurance shall contain loss payable clauses naming the Institutional Holders which encumber a Condominium by a first Mortgage, as their interests may appear. Section 9. Priority on Distribution of Proceeds. No Owner or any other party shall have priority over the Institutional Holder of the Mortgage on his Condominium in the case of a distribution of insurance proceeds or condemnation awards for losses to or a taking of the Condominium or Common Area. XIV. EMINENT DOMAIN Section 1. Definition of Taking. The term "taking" as used in this Article shall mean condemnation by eminent domain, or by Sale under threat thereof, of all or part of the Units and the Common Area. Section 2. Representation by Board in Condemnation Proceeding. In the event of a taking, the Board shall, subject to the right of all Institutional Holders who have requested the right to join the Board in the proceedings, represent all of the Association Members in an action to recover all awards. No Association Member shall challenge the good faith exercise of the discretion of the Board in fulfilling its duties under this Article. The Board is further designated as the sole representative of the Association Members in all aspects of condemnation proceedings not specifically covered herein. Section 3. Award for Condominiums. In the event of a taking of Condominiums, the Board shall distribute the award from the taking authority according to the provisions of this Section after deducting therefrom fees and expenses related to the condemnation proceeding, including, without limitation, fees for attorneys and appraisers and court costs. In the event that the taking is by judgment of condemnation and said judgment apportions the award among the Owners and their T/11006.2/CC&RS.DLR/BGG/022895/10:34am 26 • • 226494 respective Institutional Holders, the Board shall distribute the amount remaining after such deductions among such Owners and Institutional Holders on the allocation basis set forth in the judgment. In the event that the taking is Sale under threat of condemnation, or if the judgment of condemnation fails to apportion the award, the Board shall distribute the award among the Owners based upon the proportionate fair market value that each of the taken Condominiums bears to the total fair market value of all Condominiums in the Project so taken. The value of the respective Units for purposes of this Section shall be based upon the relative estimated value of each Condominium as determined by the Board based on an appraisal prepared by an appraiser who is an M.A.I. member of the American Institute of Real Estate Appraisers. Nothing contained herein shall entitle an Owner to priority over the Institutional Holder of the Mortgage on his Condominium as to the portion of the condemnation award allocated to his Condominium. Section 4. Inverse Condemnations. The Board is authorized to bring an action in inverse condemnation. In such event, the provisions of this Article shall apply with equal force. Section 5. Awards for Owners. Personal Property and Relocation Allowances. In the event of a taking, each Owner shall have the exclusive right to claim any award made for his Personal Property, and any relocation. moving expense, or other allowance of a similar nature designed to facilitate relocation. The Board shall nevertheless represent each Owner in any action to recover all awards with respect to any personal property which may, at the time of the taking, be part of the real estate comprising any Condominium, and shall allocate to such Owner so much of any awards as is attributed in the taking proceedings, or failing such attribution, attributable by the Board to such personal property. Section 6. Notice to Association Members. The Board, immediately upon having knowledge of any taking or threat thereof, shall promptly notify all Association Members. Xv. EASEMENTS Section 1. Utility Easements. Easements over the Common Area for the installation and maintenance of electric, telephone, water, gas and sanitary sewer lines and facilities, and for drainage facilities as shown on the recorded map of the Project, and as may be hereafter required or needed to service the Common Area and the Units, are hereby created by Declarant for the benefit of each Owner and the Master Association. Section 2. Encroachment Easement. Declarant, his successors and assigns, and all future Owners, by acceptance of their respective leases, covenant and agree as follows: (a) If any portion of the Common Area encroaches upon the Units, a valid easement into the Unit in order to accommodate the encroachment and for the maintenance of same, so long as it stands, shall and does exist. In the event a Unit is partially or totally destroyed, and then rebuilt, minor encroachments of parts of the Unit into the Common Area due to construction shall be permitted and valid easements for said encroachment and the maintenance thereof shall exist. T/11006.2/CC&RS.DLR/BGG/022895/10:34= 27 226494 (b) The Common Area is and shall,always be subject to easements for minor encroachments thereon of the Unit as a result of construction, reconstruction, repairs, shifting, settlement or movement of any portion of the Project and a nonexclusive easement for ingress, egress and support through the Common Area is appurtenant to each Condominium. Section 3. Common Area Easements. Each Condominium within the Project is hereby declared to have an easement over all of the Common Area, for the benefit of the Owners of the Condominiums, and for their respective families, guests, invitees and tenants, for all of the purposes and uses described herein, including ingress and egress over and through the Common Area. Section 4. Utilities. Wherever sewer connections, water connections, electricity, gas, telephone and cable television lines or drainage facilities are installed within the Project, the Owners of Condominiums served by such connections, lines or facilities shall have an easement to the full extent necessary for the use and enjoyment of that portion of the connections which service his Condominium, and to enter upon or have utility companies enter upon the Units owned by others, in or upon which said connections, lines or facilities, or any portion thereof lie, to repair, replace and generally maintain those connections necessary, provided that such Owner or utility company shall promptly repair any damage to a Unit caused by such entry as promptly as possible. Section 5. Construction and Sales Easements. Declarant hereby reserves easements over the Project for construction purposes and for display, maintenance, sales and exhibit purposes in connection with the sale of Club memberships, together with the right to grant and transfer such easements to Declarant's or Declarant's successor-in-interest's sales agents and representatives including, but not limited to, Trendwest Resorts, and prospective purchasers of Club memberships. The construction and sales easements reserved hereby shall specifically include the right to maintain sales offices in model Condominiums and/or temporary modular facilities at such location or locations throughout the Project as Declarant may deem appropriate, and the right to place signs advertising Club memberships for sale. Section 6. Establishment of Easements. The easement described in this Master Declaration shall be deemed established upon the recordation of this Master Declaration, and shall thereafter be considered covenants running with the land for the use and benefit of all of the Condominiums and the Common Area, superior to all other encumbrances affecting any portion of the Project. Individual conveyances of Condominiums may, but shall not be required to, set forth such easements. XVI. MERGER OR CONSOLIDATION OF THE MASTER ASSOCIATION Upon a merger or consolidation of the Master Association with another association, the Master Association's properties, rights and obligations may, by operation of law, be transferred to the surviving or consolidated association, or, alternatively, the properties, rights and obligations of another association may, by operation of law, be added to the properties, rights and obligations of the Master Association as a surviving corporation. The surviving or consolidated association may administer the covenants, conditions and restrictions established by this Master Declaration within the Covered Property, together with the covenants and restrictions established upon any other property as one plan. T/11006.2/CC&RS.DLR/➢GG/022895/10:34= 28 • • 226494 XVII. GENERAL PROVISIONS Section 1. Enforcement. The Master Association and each Owner shall have the right to enforce, by any proceeding at law or in equity, all restrictions, conditions, covenants, reservations, liens and charges now or hereafter imposed by this Master Declaration, any Supplemental Master Declaration, or any amendment thereto and the Articles and Bylaws; provided, however, that with respect to assessment liens, the Master Association shall have the exclusive right of enforcement. Failure by the Master Association or by any Owner to enforce any covenant or restriction herein contained shall not be deemed a waiver of the right to do so thereafter. Section 2. Severability of Covenants. Invalidation of any one of these covenants or restrictions by judgment or court order shall. not affect any other provisions which shall remain in full force and effect. Section 3. Term. The covenants and restrictions of this Master Declaration shall run with and bind the Covered Property and the Project, and shall inure to the benefit of and be enforceable by the Master Association or the Owners, their legal representatives, heirs, successors and assigns for sixty (60) years after the recording date. After sixty (60) years, the Master Declaration will automatically be extended for successive ten (10) year periods, unless the Owners (heirs, successors, representatives) of a majority of Units record a signed, written instrument at least one (1) year before the beginning of any ten (10) year period agreeing to change or terminate this Declaration. Section 4. Construction. The provisions of this Master Declaration shall be liberally construed to effectuate its purpose of creating a uniform plan for the operation of a Condominium Project and for the maintenance of the community recreational facilities and Common Areas. In case of any conflict between this Master Declaration and the Articles or Bylaws of the Master Association, this Master Declaration shall control. The article and section headings have been inserted for convenience only and shall not be considered or referred to in resolving questions of interpretation or construction. Section 5. Amendments. Subject to the rights of Institutional Folders described in Article XIV above, this Master Declaration may be amended only by the affirmative assent or vote of both (i) seventy-five percent (75%) of the voting power of the Master Association, including the voting power of the Declarant, and (ii) seventy-five percent (75%) of the voting power of Association Members other than Declarant; provided, however, that the percentage of voting power necessary to amend a specific clause or provision shall not be less than the percentage of affirmative votes prescribed for action to be taken under that clause. This amendment provision shall not be amended to allow amendments by the assent or vote of less than the prescribed percentage of voting power required for amendments hereof. An amendment or modification shall be effective when executed by the secretary of the Master Association, who shall certify that the amendment or modification has been approved as provided herein and recorded in the official records of the County. T/11006.2/CC&RS.DLR/BGG/022895/10:34em 29 • • 226494 Section 6. Dissolution. So long as there is any Condominium for which the Master Association is obligated to provide management, maintenance, preservation or control, the Master Association may be dissolved or may transfer all or substantially all of its assets only upon the approval of one hundred percent (100%) of the Association Members. Section 7. Non-liability of Officials. To the fullest extent permitted by law, neither the Board, any committee of the Master Association or any member of such Board or committee shall be liable to any Association Member of the Master Association for any damage, loss or prejudice suffered or claimed on account of any decision, approval or disapproval of plans or specifications (whether or not defective), course of action, act, omission, error, negligence, or the like, made in good faith within which such Board, committees or persons reasonably believed to be the scope of their duties. Section 8. Violation of Master Declaration. The result of every act or omission, whereby any provision, condition, restriction, covenant, easement or reservation contained in this Master Declaration is violated is hereby declared to be and constitute a nuisance, and every remedy allowed by law or equity against a nuisance, either public or private, shall be applicable against every such result, and may be exercised by the Master Association. Such remedy shall be deemed cumulative and not exclusive. Section 9. Common Plan Master Declaration. The covenants, conditions and restrictions set forth in this Master Declaration constitute a general program for the development, protection and maintenance of the Project to enhance its value, desirability and attractiveness for the benefit of all Owners. By acquiring any ownership interest in a Condominium subject to this Master Declaration, each person or entity, for himself, his heirs, personal representatives, successors, transferees and assigns, agrees to be subject to all of the provisions, restrictions, covenants, conditions, rules and regulations now or hereafter imposed by this Master Declaration. Declarant, by this Master Declaration, sets forth a program for the improvement and development of the Project and hereby evidences his intent that all the restrictions, conditions, covenants, rules and regulations contained herein shall run with the land and be binding on all future Owners, grantees, purchasers, assignees, and transferees. ARTICLE XVIII. PROVISIONS BENEFITTING THE CITY Section 1. Compliance With Law. Declarant, the Association and each Owner shall comply with all ordinances, regulations and standards of the City applicable to the Covered Property. Declarant, the Association and each Owner shall comply with all rules and regulations of any assessment district of the City that the Covered Property is subject to. Section 2. Maintenance. (a) Each Owner and the Association shall be responsible for the maintenance of all improvements that may exist on said Owner's Unit or the Common Area from time to time, including, without limitation, buildings, sidewalks, parking lots, lighting, signs, planters, irrigation and drainage facilities, walls and facades, at all times in first class condition or repair, and in good working order, and shall keep the Covered T/11006.2/CC&RS.DLR/BM/022995/10:34= 30 2�36494 Property neat, clean and sanitary, free froin any accumulation of debris or, waste materials. Each Owner and the Association, as the case may be, shall promptly make all necessary replacements, repairs and alterations. All sidewalks and parking areas shall be promptly swept and cleaned- (b) All landscaping, including vegetation, irrigation systems and earth mounding, shall be installed as provided in the landscape plan and shall be permanently maintained in good, first class condition, healthy, without deterioration, and free of waste and debris. Dead or diseased plants shall be promptly replaced with landscaping similar in type, size and quality. The automatic irrigation systems shall be properly maintained and other reasonable and adequate landscape maintenance facilities shall be provided to fill the foregoing requirements. (c) The Covered Property shall be maintained in such manner as to avoid the reasonable determination of a duly authorized official of the City that a public nuisance has been created by the absence of adequate maintenance such as to be detrimental to public health, safety or general welfare, or such condition or deterioration or disrepair causes appreciable harm or has been truly detrimental to property or improvements within one thousand (1,000) feet of such portion of the Covered Property. The Covered Property shall be kept and maintained to be in conformity with the landscaping maintenance standards of the City. Section 3. Enforcement by the Cam. The Public Parcel consists of fee ownership and easement interests in streets, sidewalks, open space, parks and other areas located around and adjacent to the Covered Property. Each Owner acknowledges by acceptance of the deed or other conveyance therefor, whether or not it shall be expressed in any such deed or other instrument, that each of the covenants, conditions and restrictions set forth in this Article benefit the Public Parcel and the City, and that the City has a substantial interest to be protected with regard to assuring compliance with, and enforcement of, these covenants, conditions and restrictions and any amendments thereto. All such covenants, conditions and restrictions shall be enforceable by the City by proceedings at law or in equity or by any method available to the Association as provided elsewhere in this Declaration. In furtherance thereof, the City shall have the same rights and remedies to enforce a breach of a provision of this Declaration that is enforceable by the City that the Association has to enforce a breach of this Declaration, including the right to enter upon all or any portion of the Covered Property to remedy said breach at the expense of the violating party and to charge an assessment against an Owner or the Association for a breach of a. provision of this Declaration that is enforceable by the City, upon providing the Owner or the Association with such notices and hearing opportunities as the Association is obligated to provide an Owner for such a breach as more particularly set forth elsewhere in this Declaration. In the event said breach has been committed by an Owner, the City may enforce the foregoing rights against either the Association or the breaching Owner. If the City exercises its enforcement rights against the Association for a breach by an Owner, the City shall extend the time in which the Association must cure the breach by the Owner for so long as the Association is diligently attempting to cause the breaching Owner to cure the breach. If the Association has the right to assess the breaching Owner for such a breach and if said breach by the Owner has not been cured by the Association or the breaching Owner within the times provided herein, the City may elect either to T/11006.2/CC&RS.DLR/BGG/022895/10:34. 31 assess the Association or the breaching Owner for the breach. If the City elects to assess the Association for a breach committed by an Owner, the Association shall have the right to pass the assessment on to the breaching Owner. Upon the failure of the Owner or the Association to pay such assessment to the City, the City shall have the same rights against said Owner or the Association that the Association would have against an Owner for failure to pay such an assessment, as more particularly set forth elsewhere in this Declaration, including any lien rights. Any lien against the Association shall be a lien against the entire Common Areas. Section 4. No City Liability. The granting of a right of enforcement to the City does not create a mandatory duty on the part of the City to enforce any provision of this Declaration. The failure of the City to enforce this Declaration shall not give rise to a cause of action on the part of any person. No officer or employee of the City shall be personally liable to the Declarant, the Association or any Owner, for any default or breach by the City under this Declaration. Section 5. Amendments. Any amendment to any provision of this Article or to any other provisions of this Declaration enforceable by the City shall require the prior written consent of the City. Section 6. Covenants Running With the Land. Declarant hereby declares that all of the Covered Property shall be held, sold, conveyed, encumbered, hypothecated, leased, used, occupied and improved subject to the restrictions, covenants, conditions and equitable servitude set forth in this Article, all of which are for the purpose of uniformly enhancing or protecting the value, attractiveness and desirability of the Covered Property. The covenants, conditions, restrictions, reservations, equitable servitudes, liens and charges set forth herein shall run with the Covered Property and shall be binding upon all persons having any right, title, or interest in the Covered Property, or any part thereof, their heirs, successive owners and assigns; shall inure to the benefit of every portion of the Public Parcel and any interest therein; and shall inure to the benefit of and be binding upon Declarant, the City and their successors and assigns, and successors-in-interest; and may be enforced by the City. Section 7. Agreement Between Declarant and City. The Declarant, in exchange for the granting of the Governmental Approval, hereby agrees to hold, sell and convey the Covered Property subject to the covenants, conditions, restrictions and reservations contained in this Article. Declarant also grants to the City the right and power to enforce the covenants, conditions, restrictions and reservations contained in this Article against the Declarant and all persons having any right, title or interest in the Covered Property, or any part thereof, their heirs, successive owners and assigns and successors-in-interest. Section 8. Notices. Any notices to be provided to the City as provided in this Declaration, shall be provided to the following addresses: TO CITY: City of Palm Springs P. O. Box 2743 Palm Springs, California 92263 ATTENTION: City Manager T/11006.2/CC&RS.DLR/RGG/040395/10:52= 32 • 226494 With copy to: Rutan & Tucker 611 Anton Boulevard, Suite 1400 Costa Mesa, California 92626 ATTENTION: David J. Aleshire, Esq. IN WITNESS WHEREOF, the undersigned, being the Declarant herein, has executed this Master Declaration the day and year first above written. DECL T: JOHNk. I' Val CARD G CITY: CITY OF-PALMGS, a mu 'c1pa1 corporation BY City Manager ATTEST: City Clerk VI1006.2/CC&RS.DLR/BGG/022895/10:34em 33 226494 STATE OF CALIFORNIA ) ss. COUNTY OF SAN LUIS OBISPO ) On this Htlday of January 1995, before me, Lauren Nagle the undersigned,-a- Notary Public in and :For said State, personally appeared JOHN E. KING and CAROLE D. KING, personally known to me (or proved to me on the basis of satisfactory evidence) to be the persons whose names are subscribed to the within instrument, and acknowledged to me that they executed the same in their authorized capacities, and that by their signatures on the instrument the persons or the entity upon behalf of which the persons acted, executed the instrument. WITNESS my hand and official seal. ' LAUREN NAGLE ' COMM.#1031746 z z :�� : Z z ' , Notary Public—California NOTARY PUBLIC SAN LUIS OBISPO COUNTY My Comm.Ezoires JUL 3. 14?S STATE OF CALIFORNIA ) ) ss. COUNTY OF RIVERSIDE ) On this 14}h day of /�J 1995, before me,4,Aak a 'J ' the undersigned a Notary Public in and for said State, personally aplkwed Parja. o ar�*t personally known to me ( d " Ate h'^'^ of °V4faeta" to be the personswhose names�s`subscribed to the within instrument, and acknowledged to me that Oexecuted the same in "authorized capacit?,s and that by IV signature5on the instrument the personsor the entity upon behalf of which the persomacted, executed the instrument. WITNESS my hand and official seal. �p NOTARY PUBLIC r 1fimfl; .MUM' it Ceti ' j C4,'11U t BCCS+r0 ep ` ®*fi-`[' o NO7M't?"I'0K11.IC-OA1,IV'fIf1NIA flyder imNtIr"county f>I"19" @1y Or�li Fsp1r46 A 21,19�U'pA . �'nA�3r'�yVP';i:x:rcis:"5��3'�I'CY"y'7uJ'V' T/11006.2/CCRRS.DLR/BC,0/022895/10:34em 34 226494 EXMIT "A" LEGAL DESCRIPTION OF COVERED PROPERTY ALL OF LOT I OF TRACT MAP 28020, AS SHOWN IN MAP BOOK �53 , PAGES & THROUGH -7 , INCLUSIVE, OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA. EXHIBIT "A" IN THE CITY OF PALM SPRINGS. COUNTY OF RIVERSIDE, CALIFORNIA TRACT MAP No . 28020 I = LOTS I THROUGH 3, AND LOTS 10 THROUGH 13, INCLUSIVE. OF u.rn is ._. a r•iv BLOCK G. OF LAS PALMAS ESTATES. RECORDED IN BOOK 15. OF MAPS, AT PAGES IS AND It. RIVERSIDE COUNTY RECORDS. AL 50 WITHIN SECTION 10. T. S. , R. i E S. B. M. SANBORN/KEBB Inc. ➢ECEMBER, 1994 FOR COHDOMINIUM PURPOEE3 K O BLI]GK F • 9LLIr,K H ,.� o Z X Gmino Mf Corlu p Cl �i r- 03 c.p v .�.. ...� .. ... . >�. 5, 0. [, 1 a D it 4 •- y� Lot 1 y o' (� •�/� North P Im Coo./f� / ••••• - - ' /. PUBLIC PARCEL (Typ.) State Highway 1 f 1 rA • . 2ti6494 APPROVAL OF bINEFICIARY UNDER DEED OF TRUST TRENDWEST RESORTS, INC., an Oregon corporation, as Beneficiary under a Deed of Trust dated February 7, 1994, recorded February 10, 1994, as Instrument No. 59612, Official Records of Riverside County, California, in which Deed of Trust John E. King and Carole D. King, husband and wife, as community property, are named as Trustor, does hereby approve the foregoing Master Declaration of Covenants, Conditions and Restrictions of Le Taj of Palm Springs Owners' Association, and does hereby subject the lien of said Deed of Trust to the provisions of said Master Declaration, except as otherwise expressly provided therein, in the same manner as if the recording of said Master Declaration had occurred prior to the recording of said Deed of Trust. DATED: f J 1995. TRENDWEST RESORTS, INC., an Oregon corporation Title: I/ A By: ` P a itle: r�C Z/ 226494 STATE OF WASHINGTON ) "� ss. COUNTY OF KING ) On this L day of 1995, before me, (A. the undersigned, a Notary Public in and for said State, personally appeared 3. (rw L- and .3\ ��e r H " �"A'ea ,personally known to me (or proved to me on the basis of satisfactory evidence) to be the persons whose names are subscribed to the within instrument, and acknowledged to me that they executed the same in their authorized capacities, and that by their signatures on the instrument the persons or the entity upon behalf of which the persons acted, executed the instrument. WITNESS my hand and official seal. 11 NOTARY PUBLIC RECEIVED