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HomeMy WebLinkAboutRESOLUTION 17-18,A - Maison Du Val DeclarationPrepared by and Mail to: Timothy P. McHugh Timothy P. McHugh, Ltd. 360 W. Butterfield, Suite 300 Elmhurst, IL 60126 RHSP FEE:S9,00 RPRF FEE: S1.00 EDWARD M. MOODY COOK COUNTY RECORDER OF DEEDS DATE: 11/11/2020 02:11 PM PG: i OF 7: DECLARATION OF COVENANTS AND RESTRICTIONS w-- P DECLARATION OF COVENANTS AND RESTRICTIONS THIS DECLARATION is made by Emerald, Inc., an Illinois Corporation (hereinafter referred to as the "Developer") this 20th day of August, 2020. RECITALS: Developer is the holder of record title to the real property legally described in Section 2.1 below. Developer is a Developer of single-family homes and Townhomes throughout the Chicago suburban area and is the Developer and General Contractor of the subject real property. The real property area which the Developer proposes to develop is herein referred to as "Maison du Val Townhomes". Developer intends to develop Maison du Val Townhomes into a community of "twnhomes", each townhouse being a single-family private residence erected on a separate Homesite with in an attractively landscaped Common Areas. Said townhouses are to be constructed in groups of four to six residences, such that each group constitutes a continuous structure with party walls dividing the residences within each group. Developer desires to provide for the preservation of the distinctive quality of Maison du Val Townhomes and for the maintenance of the Common Areas, including, but not limited to, private sidewalks, detention area and the road designated as Dakota Drive and the residences which will be constructed on the Homesites. For these purposes, Developer desires to subject the real property hereinafter described to the conditions, covenants, restrictions reservations, grants and easements herein set forth (all of which are hereinafter referred to collectively as the "Covenants and Restrictions"). The Developer has the right and power to assign its interests in this Development. If Developer assigns its interests in this Development, any Assignee shall be subject to al the terms of this Declaration. NOW, THEREFORE, Developer, for the purposes above set forth, hereby declares as follows: ARTICLE ONE Definitions For brevity and clarity, certain words and terms used in this Declaration are defined as follows: I.I Association: Maison du Val Townhomes Home Owners Association, an Illinois not -for- profit -corporation, its successors and assigns. 1.2 Board: The Board of Directors of the Association, as constituted at any time and from time to time, in accordance with the applicable provisions of Section 9.3 hereof. 1.3 By -Laws: The By -Laws of the Association. 1.4 Common Areas: The whole of Maison du Val Townhomes except the Homesites which are created within Maison du Val Townhomes including the Detention Area as referenced on the Plat of Subdivision of Maison du Val Townhomes. 1.5 Community Expenses: The: expenses of administration (including management, security and professional services), maintenance, operation, repair, replacement, waste removal, landscaping, and snow removal of the Common Areas; the cost of additions, alterations, or improvements to the Common Areas; the cost of insurance; the cost of any necessary utility expenses for the Common Areas and, if not separately metered, charged, or designated herein as a Residence Expense, the cost of water, waste removal and other necessary utility services to the Residences; any expenses designated as Community Expenses by this Declaration or the By -Laws; and any other expenses lawfully incurred by the Association for the common benefit of all the Owners. 1.6 Declaration: This instrument as amended or supplemented from time to time, 1.7 Developer: Emerald, Inc., an Illinois corporation, its successors and assigns. 1.8 Homesite: Any one of Lots 1 through 32, inclusive, of Maison du Val Townhomes, subject to the Covenants and Restrictions, including the Residence to be constructed thereon.. 1.9 Owner: A record owner, whether one or more persons, of fee simple title to any Homesite upon which a residence has been built, excluding those having an interest merely as security for the performance of an obligation. 1.10 Party Wall: A wall that is built as part of the original construction and placed on the boundary Iine, between Residences. 1.11 Person: A natural individual, corporation, partnership, trustee, or other legal entity capable of holding title to real property. 1.12 Property: All the land, property, and space comprising Maison du Val Townhomes as legally described in Section 2.1, all improvements and structures erected, constructed or contained therein or thereon, including Residences, and all easements, rights and appurtenances belonging thereto, and all fixtures and equipment intended for 2 the mutual, use, benefit or enjoyment of the Owners, hereby or hereafter subjected to the Covenants and Restrictions. 1.13 Residence: The single-family townhouse constructed on a separate Homesite. 1.1.4 Residence Expense: Any expense, other than a Community Expense, incurred by the Board which is to be charged to an Owner. A Residence Expense shall include, without limitation, the cost of any maintenance, repairs, or replacements or other services furnished by the Association to a Residence and any expenses which are specifically designated as Residence Expenses in this Declaration or the By -Laws. 1.15 Mules and Regulations: The Rules and Regulations adopted from time to time by the Board governing Maison du Val Townhomes and the use of Maison du Val Townhomes by the Developer and by all other persons. 1.16 Townhouse: A single-family residence erected on a separate Homesite, constructed in groups of four or six residences separated by party walls. 1.17 Voting Member: The person entitled to membership in the Association and who shall be entitled to vote at meetings of the Association, as more fully set forth in Section 9.2 (b). ARTICLE TWO .Property Subject to Covenants and Restrictions 2.1 Description of Maison du Val Townhomes. The real property to which this Declaration relates, and which is subject to the Covenants and Restrictions, is the property which Developer is developing, and said real property is legally described as follows: See Attached Exhibit "A" 2.2 Maison du Val Townhomes: Subject to Covenants and Restrictions. Maison du Val Townhomes is hereby made and declared to be subject to the conditions, covenants, restrictions, reservations, grants and easements outlined in this Declaration, and the sale, transfer, mortgage, conveyance, use or occupation of the Homesites and the Common Areas are and shall at all times hereafter be subject to the Covenants and Restrictions. ARTICLE THREE General Purpose of Declaration 3.1 Statement of Purpose. The purpose of this Declaration of Covenants and Restrictions is to insure the use and development of Maison du Val Townhomes is consistent with the desire and intention of Developer to establish a residential community of high quality to protect the Owners of the Residences therein against any use of Maison du Val Townhomes, or any part of Maison du. Val Townhomes, in a manner inappropriate to the fine residential community and incompatible with the proper enjoyment of such a community; to insure that the Common Areas within Maison du Val Townhomes are at all times carefully and efficiently maintained and the lawns, private sidewalks and open spaces within Maison du Val Townhomes are maintained and operated so they may be enjoyed. and used with comfort and pleasure by the Owners of Residences within Maison du Val Townhomes. It is the purpose of this Declaration, in general, to provide that Maison du Val Townhomes will be so managed, maintained, and preserved so as to be regarded as a residential community of outstanding excellence. ARTICLE FOUR The Homesites and the Owners 4.1 Creation of Homesites. Homesites will be created by the Developer within the Plat. These Homesites shall describe a lot and unit number, the legal description, and the boundary dimensions, which include the building structure only, and configuration. The areas in front of and to the rear of each unit shall be used by that unit owner, but shall remain as a limited common element and maintained by the Association. Said Plat of Subdivision shall also state that an easement for use is created in favor of each Homesite, from such Homesite over the roads constructed in the Common Areas and over the driveway which connects each Homesite to the private roads. 4.2 Designation of Homesite, Each Homesite may for all purposes, including, but without limitation, conveniences and mortgages, be identified and referred to as "Lot Number , Unit Number " as described and delineated on the Maison du Val Plat of Subdivision, recorded in the Recorder's Office of Cook County, Illinois, on November 22, 2019, as document number 1932634074 (the appropriate Lot and Unit number to be inserted). 4.3 Owner. By purchasing or otherwise acquiring a Homesite, each Owner agrees to be bound by all the Covenants and Restrictions contained in this Declaration. ARTICLE FIVE Restrictions 5.1 Land Use and Building Type. All Homesites in Maison du Val Townhomes shall be used for single-family, private residence purposes only, and no building or structure other than a single- family private "townhouse" residence shall at any time be constructed or maintained on any Homesite within Maison du Val Townhomes including 4 by way of illustration and not by way of limitation, satellite dishes, sheds, dog houses, swimming pools, or other accessory buildings or structures. No regular business, trade, or occupation or profession of any kind or nature whatsoever, whether or not profit is intended, shall be permitted to be carried on in any Homesite. 5.2 Architectural Controls. No building, awning, porch, fence, wall or other structure shall be commenced, erected or maintained, nor shall any addition to, or change or alteration in, any of the foregoing be made, nor shall any exterior color changes be made, until the construction plans and specifications shall have been submitted to the Developer and approved by the Developer in writing (which approval may be withheld by Developer in its sole discretion and without a reason being expressed therefore) and also subject to the issuance of a Construction Permit from Ek Grove Village. 5.3 Landscaping Controls. Initial landscaping shall be done by Developer, approved by Elk Grove Village, and changes in such landscaping shall be made by an Owner only with the prior approval of the Developer, the Association and Elk Grove Village. The Developer and the Association have the right, in making a judgment as to the giving or, withholding of approval of, plans and specifications submitted to the Developer and. the Association, to consider the desirability of the proposed landscaping or grading, in relation to other landscaping and grading in Maison du Val Townhomes, and to consider the character and qualities of the residential development existing or being created within Maison du Val Townhomes. 5.4 Prohibition of Certain Activities and Other Matter. No activity shall be carried on which annoys or disturbs, or is likely to annoy or disturb, others in Maison du Val Townhomes. No livestock, poultry, or other creatures may be kept or maintained. The keeping of dogs, cats or other household pets is subject to the Rules and Regulations, and the Rules and Regulations may prohibit the keeping of pets anywhere within Maison du Val Townhomes. Refuse or waste material shall not be permitted to accumulate or be burned outside of Owner's residence. Boats, recreational vehicles and commercial vehicles shall not be stored or parked overnight on any Homesite within Maison du Val Townhomes nor elsewhere within the Common Areas except that they may be so stored within the garage on a Homesite so long as the garage doors are kept shut at all times. A "commercial vehicle" is any vehicle expressly constructed for use in a commercial activity of any kind, or which is identified by its general appearance, or by printing, or by symbols, or by like matters as being engaged in a commercial activity. Trailers, mobile homes, campers and similar vehicles are included within the prohibition against recreational vehicles. No tent, shack, garage, temporary building or structure of any kind shall be used at any time as either a temporary or permanent residence. No plants or seeds or other things or conditions, harboring or breeding or likely to attract noxious insects or creatures, or likely to be conducive to plant disease, shall be brought into or permitted to exist or to be maintained within Maison du Val Townhomes. No snowmobile, dune buggy, three- or four -wheeled off -road vehicles or similar motorized device may be operated anywhere within Maison du Val Townhomes. Violation of the foregoing restrictions shall entitle Developer and the Association to enforce the rights and remedies hereinafter specified, whether or not said violation constitutes a nuisance. 5.5 Nameplates, Antennae, Lighting, and Other Such Matters. There shall be no more than one nameplate on each Homesite. Style, size and location of nameplates shall be prescribed by the Rules and Regulations of the Association. No television or radio antennae (including satellite dishes of all kinds), tower, or other receiving or transmitting device shall be erected outdoors, nor shall laundry be dried outdoors. No newspapers, paper or other temporary window coverings may be used to cover the windows in any Residence. 5.6 Signs. No signs may be placed on any Homesite, including, but not limited to, "For Sale" or "For Lease" signs. The Developer shall not be bound by the provisions of this paragraph 5.6. Until. such time as Developer sells the last Homesite owned by it, Developer shall have the exclusive right to control the erection of signs on the Property. 5.7 Covenants and Restrictions .Running With Land. The covenants and. restrictions created by this Declaration run with the land both as to burden and benefit, and every conveyance or other instrument affecting Maison du Val Townhomes shall be deemed subject to these Covenants and Restrictions and bound thereby as fully and as firmly as if the Covenants and Restrictions were fully set forth in said conveyance or other instrument. 5.8 Decks and Patios. All decks and patios for each homesite shall be 10 feet by 16 feet. The maximum allowable size for a deck or patio is 10 by 16 feet, and that future expansion of the original 160 square foot decks or patios shall not be permitted without Plan Commission approval or an amendment to the Final PUD Plan, after a formal request is made to the Maison du Val Townhomes' Association. 5.9 Accessory Structures. Accessory structures such as sheds, pools and individual yard fences (except deck privacy screens as constructed by the builder and the development's perimeter fence) are not permitted within the common areas of the development. ARTICLE SIX Use of the Common Areas and Limiters Common Areas 6.1 Use of Common Areas by Owners. The Owners, their families, guests and invitees have the right to use the Common Areas. Use of the Common Areas shall be subject to the Rules and Regulations, which may be amended from time to time by the Developer or the Association. 6.2 Use of Limited Common Areas by the Owners. The Owners, their families, guests and invitees have the right to use the Limited Common Areas in front of and to the rear of each building unit, The Association and the Developer, their agents, employees, and invitees also have the right to use the Limited Common Areas, for the purpose of upkeep and maintenance, including, but not limited to painting, lawn and 6 shrubbery upkeep and snow removal.. Use of the Limited Common Areas shall be subject to the Rules and Regulations, which may be amended from time to time by the Developer or the Association. 6.3 Use of Common Areas. No use of the Common Areas and Limited Common Areas shall be made by any person, whether Owner or otherwise, which does not comply with, and conform to, the requirements of this Declaration and the Rules and Regulations. 6A Use of Detention Area. The Owners shall have right to use the Detention Area for recreational purposes, subject to such restrictions as the Association Board have published in the Rules and Regulations. The Owners and the Association shall have the exclusive right to maintain the Detention Area. ARTICLE SEVEN Easements 7.1 Encroachments. In the event that, by reason of the initial design, construction, repair, reconstruction, settlement or shifting of the Property or any part thereof, (i) any part of the Common Areas or Limited Common Areas encroaches; or shall hereafter encroach, upon any, part of any Homesite, or (ii) any part of any Homesite (including, but not limited to, fireplaces, bay, bow or box windows, and window wells) encroaches, or shall hereafter encroach, upon any part of the other Homesite or the Common Areas, then, in any such case, there shall be deemed to be an easement in favor of the Developer for the maintenance and use of any of the Common Areas which may encroach upon a Fomesite and there shall be deemed to be an easement in favor of any Owner for the exclusive use of any part of his Homesite which shall encroach upon the Common Areas or any other Homesite; provided, however, that in no event shall an easement for any encroachment be created in favor of any Owner if such encroachment occurred due to the intentional, `willful or negligent conduct of such Owner or his agent. 7.2 Easements Reserved by Developer. Notwithstanding any provision herein to the contrary, until such time as the Developer is no longer vested with or controls title to any part of Maison du Val Townhomes, the Developer and its agents and contractors shall have the right (a) to place and maintain on the Property model residences, sales offices, advertising signs, parking spaces and lighting in connection therewith, at such locations and in such forms as the Developer may determine, in its discretion, to be used by the Developer in connection with the promotion, sale, or lease of the Residences or of the Residences constructed or to be constructed on any part of Maison du Val Townhomes, (b) to come over, across and upon the Property for the purpose of making alterations or improvements to the Residences, Homesites or Common Areas, and (c) to store on the Common Areas equipment and materials used in connection with such work on the Residences, Homesites or Common Areas, all without the payment of any fee or charge whatsoever. 7 7.3 Perpetual Easements. Perpetual easements are hereby established in the Common Areas for the use and enjoyment of said area by all Owners, their families, guests, invitees and others where a right to use or enjoy the Common Areas is derived from the Owner. Each Owner, and all persons whose rights are derivedd from the Owner, has an easement to freely make all reasonable and proper use of the Common Areas subject to the terms of this Declaration and to the Rules and Regulations promulgated pursuant hereto. 7.4 Perpetual Easement in Gross to Association. The Common Areas and I.,imited Common Areas shall be subject to a perpetual easement in gross to the Association for the purpose of enabling and permitting the Association properly to perform its duties and responsibilities. The Association further has a perpetual easement in gross to enter upon a Homesite where reasonably necessary, in the judgment of the Association, for the purpose of properly performing or executing a duty or responsibility of the Association in respect of other Owner, or of the Owner generally, or of the Common Areas. Without limiting the above easement in gross, the Association has a perpetual easement in the Common Areas and the Homesites for the purpose of maintaining the shores of all retention ponds and installing, repairing, maintaining, and testing the lawn sprinkler system, the exterior lighting system, the aerator system and shores of all retention ponds, and the fire protection security system, along with any other systems which the Association has the duty or responsibility to operate or maintain, for the benefit of the Owners or the Association. The Developer also has an easement in gross to enter upon a Homesite where reasonably necessary in the judgment of the Developer for the purpose of enabling and permitting Developer properly to perform its duties and Responsibilities as Developer. Developer further has an easement in gross to enter upon a Homesite where reasonably necessary in the judgment of Developer for the purpose of properly performing or executing a duty or responsibility of Developer in respect of other Owners, or of the Developer generally, or of the Common Areas. 7.5 Easements for Public Utilities, Sanitary and Storm Sewers. Developer initially, and the Association thereafter, has the right to establish easements over portions of Maison du Val Townhomes for sanitary and storm sewers and for all other public utility purposes including electricity, gas, water, cable television, internet access and telephones, and Developer and the Association have the concomitant right, in connection with such grants of easements, to grant the right and power to do all things necessary or appropriate in connection with said grant of easements, including, but without limitation, the right of maintenance, repair and replacement. Developer and the Association are fully authorized and empowered to execute and deliver any and all documents necessary to implement these provisions, and the Developer shall be deemed to have approved and confirmed such documents, and to be bound thereby. 7.6 Easements: How Created. Easements for all public utility or other purposes, including, but without limitation, electricity, gas, water, cable television, security, and telephone, shall be initially created by the recording in the Recorder's Office of Cook County, Illinois, of the Plat of Subdivision of Maison du Val Townhomes and, if necessary, individual Grants of Easements to which shall be appended Plats of Easements showing the location of the easements being initially created. Thereafter, easements for public utilities shall be created by the recording of separate Plats of Easements, each of which shall show the location, within the Common Areas and within any Homesites, covered by such subsequent Plats of Easements, of the easements being newly created. The utility easements created by the filing of Plats of Easements shall be deemed to have been created upon and subject to, all of the terms and conditions of the Plat of Subdivision. of Maison du Val Townhomes and initial Grants of Easements to the respective, utilities or services, so that upon the recording of a Plat of Easements subsequent to the recording of the Plat of Subdivision of Maison du Val Townhomes or an initial Grant of Easements, each utility or service company shall forthwith have all the rights, powers and obligations contained, in said Plat of Subdivision of Maison du Val Townhomes or the initial Grant of Easements, as fully and as effectively as if all the terms of said Grant of Easements were contained within the subsequently recorded Plat of Easements. 7.7 Easement Within Common Areas and Limited Common Areas. At any time prior to the sale of a .Homesite by Developer, Developer has the right to create, for public utility and other Common Areas purposes, an easement strip within, and adjacent to, one or more sides of such Homesite. 7.8 Easement: Homesite to Public Streets. An easement for ingress and egress to public streets shall exist over the driveways and walks which connect the Homesites to the pubic road of Maison du Val Townhomes in favor of the Owners, their families, guests, invitees and others whose right of use is derived from the Owners, and in favor of the Developer and the Association. An area for the public road and for utility easements (in addition to the utility easements hereinabove provided for), and for other purposes, not inconsistent with such uses, is created and shall exist, as shown on the Plat of Subdivision of Maison du Val Townhomes. 7.9 Easement to Fire and Police Departments. Fire and police departments serving Maison du Val Townhomes, and cooperating fire and police departments, are hereby given an easement to enter upon and make such use of so much of Maison du Val Townhomes itself as is necessary for the customary and proper performance and discharge of their duties. 7.10 Perpetual Easement to Village of Elk Grove. The Village shall have a perpetual easement of ingress and egress to and from the Common Areas for purposes of inspection, maintenance and repair (as outlined in section 10.3) of the stormwater detention facility located in the Common Area on the Plat of Subdivision of Maison du Val Townhomes. ARTICLE EIGHT Party Walls 8.1 Owner's Rights and Obligations. Each of the Owners immediately adjacent to a party wall shall have the obligations and be entitled to the rights and privileges granted herein and, to the extent not inconsistent herewith, the general rules of law regarding party walls. If any party wall is damaged or destroyed through the act or acts of an adjoining Owner, or his agents, servants, guests, or members of his family, whether such act is willful, negligent or accidental, such Owner shall rebuild or repair the wall to as good a condition as formerly without cost to the other adjoining Owner. Any party wall damaged or destroyed by some act or event other than that produced by one of the adjacent Owner, his agents, servants, guests or family, shall be rebuilt or repaired. by both adjoining Owner to the same good condition as formerly, at their joint and equal expense, as promptly as reasonably possible. 8.2 Disputes Regarding Party Walls. In the event of a disagreement between Owners of adjoining Residences with respect to the repair, reconstruction or maintenance of a party wall or with respect to his share in the cost of repairing, rebuilding or maintaining the same, then upon the written request of either of said Owner to Developer or the Association, or its successor or assign, the matter shall be submitted to it for arbitration under such rules as it may from time to time adopt, provided, however, that if no such rules are adopted or it refuses to act, then the matter shall be submitted to three arbitrators, one chosen by each of the Owners, and the third arbitrator shall be chosen by the other two arbitrators. A determination of the matter signed by any two of the three arbitrators shall be binding upon all persons. 8.3 Private Agreements. No private agreement of any adjoining property Owner shall modify or abrogate any of the provisions contained in Article Eight, which shall be binding upon the heirs, administrators, successors and assigns of the Owner. No person shall be liable for any act or omission respecting the provisions of this Article except such as took place while such person was an Owner. ARTICLE NINE Maison du Val Townhomes Homeowners' Association 9.1 The Association. Maison du Val Townhomes Homeowners' Association has been or shall be organized under the general Illinois not -for -profit -corporation act, so that the corporation will be enabled to function under this Declaration. The Association shall be the governing body for all of the Owners and for the administration and operation of Maison du Val Townhomes as provided in this Declaration, and the By -Laws. 9.2 Membership. (a) There shall be only one class of membership in the Association. The Owner of each Homesite shall be a member of the Association, but there 10 shall be only one member per Homesite. Membership shall be appurtenant to and may not be separated from Ownership of a Homesite. Ownership of a Homesite shall be the sole qualification for membership. The Association shall be given written notice of the change of Ownership of a Homesite within ten days after such change. (b) One individual shall be designated as the "Voting Member" for each Homesite. The Voting Member, or his proxy, shall be the individual who shall be entitled to vote at meetings of the Owners. If the record Ownership of a Homesite shall be in more than one person, or if an Owner is a trustee, corporation, partnership or other legal entity, then the Voting Member for the Homesite shall be designated by such Owner or Owners in writing to the Board and, if in the case of multiple individual Owners no designation is given, then the Board, at its election, may recognize an individual Owner of the Homesite as the Voting Member for such Homesite. 9.3 Election of a Board. When Developer notifies the Owners that Developer is ready to convey the fee simple title of the Common Areas to the Association, the Owners shall elect a Board. If, in the judgment of Developer, the Owners fail to elect an initial. Board after notice authorizing such election has been given by Developer, then the Developer shall have the right to designate, in its discretion, any three of the Owners as an initial Board. A director shall serve for one year, and thereafter until his successor is elected. 9.4 Management and Control by Board. The Board may retain all responsibility and authority for the day-to-day management and control of the Common Areas. The Board has the right, but no obligation, to vest all of its responsibility and authority for day-to-day management and control of the Common Areas in a manager to be employed by the Board, and, if a manager is so employed, he shall be subject to the authority of the Board. The manager shall execute the policies and decisions of the Board, and the manager shall enforce their Rules and Regulations. The power and authority of the manager shall be coextensive with that of the Board but shall be subject and subordinate to the Board. 9.5 Adoption of Rules and Regulations. The Board may from time to time adopt rules and regulations governing the Common Areas and use of the Common Areas by the Owners and by all other persons. Developer shall have the right to adopt Rules and Regulations prior to their adoption by the first Board. All users of the Common Areas and all use of the Common Areas shall comply with the Rules and Regulations, and no use shall be made of the Common Areas by any person, which does not comply with the Rules and Regulations. Although the Rules and Regulations shall apply to, and be effective throughout, Maison du Val Townhomes, including the Ilomesites located therein, the rights, powers and duties of the Board shall be primarily concerned with the Common Areas, and the primary responsibility of the Board is the management and the operation of the Common Areas. In all matters relating to enforcement and implementation of the Rules and Regulations, the Board may act through its manager. The Rules and Regulations to be adopted by the Board in respect of the Common Areas and Ilomesites may cover, among other things and without limitation, matters pertaining to use, admission of guests, pets, discipline and disciplinary measures against violators of said Rules and Regulations. 9.6 Vacancies, Compensation and Other Matters. The Board shall receive no compensation for its, services. A vacancy in the Board, whatever the reason for the vacancy, shall be filled by vote of the remaining members of the Board. If there are two or more vacancies in the Board, the vacancies shall be filled by majority vote of the Owners at a special meeting called for that purpose. The Board shall act by majority vote of those present at its meetings when a quorum is present. The Board shall meet as often as it deems necessary for the proper performance of its duties. 9.7 Officers of the Board of Directors. The Board shall elect from among its members a President and a Secretary -Treasurer. Each officer shall perform the duties which commonly attach to the office held. 9.8 Meetings of the Owners. When development of Maison du Val Townhomes has been completed by Developer and Developer is prepared to transfer and assign all of Developer's rights, powers and obligations to the Association, Developer shall give due notice of said completion to the Owners, and shall give Owners not less than 15 days' notice of a meeting to be held by the Developer at a place to be designated by Developer in Cook County at which, by majority vote of all Owners present at said meeting, the Owners shall elect the Board hereinabove referred to. Thereafter, the Owners shall meet annually for the purpose of electing Directors at a place to be designated by the Board in Cook County. The first annual meeting of the Owners shall be held one year, as early as practicable, after the date of the first meeting of the Developer, and subsequent meetings shall be held at yearly intervals thereafter. 9.9 Meetings of the Board. The Board shall meet annually promptly after the annual meeting of Developer at a place to be designated by the Board in Cook County for the purpose of electing officers and transacting any other business which may properly come before the annual meeting. In addition to the said annual meeting, the Board may hold special meetings when business before the Board makes it necessary. Special meetings of the Board shall also be held on the written request of Sixteen of the Owners, delivered to the Board. The request of the Owners shall state the purpose of the special meeting, for which a request has been made, and in response to a proper request by one- third of the Owners, the Board shall set a suitable date for a special meeting and shall give not less than ten days' notice to each Owner, of the date, time and place of the special meeting. ARTICLE TEN Rights. Powers and Obligations of Association 10.1 Rights, Powers and Obligations of the Association. For the benefit of all the Owners, the Association shall have all powers relating to the maintenance, repair, 12 improvement, management, and operation of the Property including, but not limited to, the power set forth in this Article Ten, and all the rights and powers possessed by Owners under the terms of this Declaration. The power of the Association shall include the power to acquire and pay out funds as hereinafter provided, for the following Community Expenses and/or Residence Expenses: (a) Management services. (b) Security services (if any), including security personnel, and operation and maintenance of a gatehouse and a central security signal receiving systems and other security arrangements or devices (if any). (cs) Water, waste removal, if any, operating expenses, electricity, telephone and other necessary utility services for the Common Areas. (d) Comprehensive public liability and property damage insurance in such limits as the Association shall deem desirable, insuring the Association itself, its manager, if any, agents and employees, including the Directors personally, the Developer and the Owners, its agents and employees, from any liability in connection with the Common Areas or the streets, retention ponds, sidewalks and public spaces adjoining the Common Areas. Such insurance coverage shall also cover cross liability claims of one insured against another. The insurance coverage provided for Developer, its agents and employees, shall continue in force and effect only until the time of the transfer by Developer to the Association of all of the rights, powers and obligations of Developer, and said coverage may then be canceled. (e) Workmen's compensation insurance as may be necessary to comply with applicable laws and such other forms of insurance as the Association in its judgment shall elect to effect. (f) General real estate taxes, assessments or other charges of governmental bodies against the Common Areas (hereinafter referred to as "taxes"). (g) The services of any person or firm employed by the Association. The Association may employ the service of any person or firm to act on behalf of the Owners in connection with real estate taxes and special assessments, and in connection with any other matter where the respective interests of the Owners are deemed by the Association to be similar and non -adverse to each other. - (h) Landscaping, gardening, snow removal, painting, cleaning, tuck pointing, maintenance, decorating, repair and replacement in the Common Areas, and acquisition of such furnishing and equipment for the Common Areas as the Association shall determine are necessary and proper, and the Association shall have the exclusive right and duty to acquire the same for the Common Areas, including, but not limited to, the bikepath/multi-use path. 13 (i) In respect of Homesites, (i) maintenance of landscaping initially done by Developer and landscaping done by Owner on his Iomesite for which Association has in writing accepted responsibility, (ii) snow removal from driveways, (iii) maintenance and repair of exterior of residences, including, but not limited to, the roof, exterior walls, soffits, trim, and chimney. 0) Maintenance and repair of Homesite walks and driveways in behalf of the Developer, but each Owner shall be separately assessed by the Association for the separate expense thereof allocable to a Homesite. Such assessments shall be governed by the provisions set forth in Article Twelve relating to assessments generally, except that the statement covering the cost of walk and driveway maintenance and repair shall be paid promptly upon presentation to the Owner for whom the work was done. (k) Any other materials, supplies, equipment, labor, services, maintenance, repairs, structural alterations or assessments, tax or otherwise, which the Association is required to secure, or pay for pursuant to the terms of this Declaration or the By -Laws or which, in its opinion, shall be necessary or proper for the maintenance and operation of the Common Areas or for the implementation of this Declaration. (1) Any amount necessary to pay for or discharge any mechanic's lien or other encumbrance levied against the entire Common Areas or any part thereof which may, in the opinion of the Association, constitute a lien against the Common Areas, rather than merely against the interests therein of particular Developer. (m) All funds collected hereunder shall be held and expended for the purposes designated herein. 10.2 Alterations and Improvements of Common Areas. The Association shall have the right to make or cause to be made alterations and improvements to the Common Areas. The costs of such alterations and improvements shall be assessed as Community Expenses in the manner hereinafter set forth. 10.3 Failure of Association Maintain Common Area Improvements. The Association shall perform all maintenance, repairs and replacements of facilities in the Common Areas. Neither the Association nor Developer shall conduct any activities, which would adversely affect the functioning of the Common Areas. In the event the Association or Developer (i) shall fail or refuse to maintain the Common Areas in a good state of repair (ii) or shall fail or refuse to maintain the Common Areas in compliance with all applicable ordinances and codes of the Village of Elk Grove, the Village shall notify the Association by mail of the remedial work to be done. If the Association or the Developer shall not have accomplished the remedial work within sixty (60) days of the date of such mailing, then the Village shall have the right, but not the duty, to go onto the Common Areas and perform the necessary remedial work relative to functioning, 14 maintenance and repair of said Common Areas, charging the Association the cost of remedial work done by it. If the Association shall fail or refuse to pay such cost, the Village shall have the right to record a lien against the lots comprising the Maison du Val Townhomes Subdivision and shall be entitled to interest from the Developer of the said lots from the date of recording of the lien at the maximum rate of interest per annum allowable by law on the balance remaining from time -to -time unpaid. The failure of the Village to notify the Association or perform the remedial work as hereinabove provided shall not be deemed a waiver of its right to perform such remedial work pursuant to notice at other times nor as to such other rights the Village may have hereunder. 10.4 Books and Records. The Association, through its Members, shall keep complete and correct books of account of the receipts and expenditures relating to the Common Areas, specifying and itemizing the maintenance and repair expenses of the Common Areas and any other expenses incurred. Such records and vouchers authorizing the payments shall be available for inspection by any Owner or any representative of an Owner duly authorized in writing, at such reasonable time or at times during normal business hours as may be requested by the Owner. Upon ten days' notice to the Association and payment of a reasonable fee, any Owner shall be furnished a statement of his account setting forth the amount of any unpaid assessment or other charges due and owing from such Owner for Community and/or Residence Expenses. 10.5 Employment of Professional Management. The administrative duties of the Board may be performed by a Manager (which may be a professional management firm) employed by the Association, and the Association has the right to pay reasonable compensation to a Manager so employed. The Developer has the right, but not the obligation, on behalf of the Owners, to engage the initial Manager and to enter into a contract with said Manager expiring not later than one year after the completion of the development of Maison du Val Townhomes. 1.0.6 Execution of Agreements, Contracts, etc. All agreements, contracts, deeds, leases, vouchers for payment of expenditures, and other instruments shall be signed by the authorized officers of the Board, its Manager, or by such other persons and in such manner, as from time to time may be determined by the Association. 10.7 INTENTIONALLY OMITTED. 10.8 No Business Activity. Nothing in the Declaration shall be construed to give the Association authority to conduct a business for profit on the Common Areas or any part hereof. 10.9 Non -Liability of the Board. The Board and Developer shall not be personally liable to the Owners or to any others for any mistake in judgment or for any acts or omissions made in good faith. The Owners shall indemnify and hold harmless each member of the Board and the Developer against all contractual liability to others arising out of contracts made by the Board or the Developer on behalf of the Owners unless any such contract shall have been made in bad faith or in violation of the 15 provisions of this Declaration. The liability of the Developer based upon a contract made by the Board or by Developer, or based upon Owners' agreement to indemnify and hold harmless, shall be several, and not joint, and no Owner shall be liable for more than his equal proportionate share of any such contract or indemnity liability. Every agreement made by the Board or Developer shall provide that the Board or the Developer, as the case `may' be, are acting only as agents for and on behalf of the Owners and shall have no personal liability thereunder (except as Developer), and that each Owner's liability thereunder shall be several, and not joint, and shall not exceed the Owner's equal proportionate share of such contract liability. The indemnity herein provided for shall extend to and be operative in favor of the Manager and all other agents and employees of the Association and the Developer. 10.10 Delegation of Power. The maintenance, repair, improvement, management and operation of the Common Areas shall be the responsibility of the Association, but the Association has the right to delegate to the Manager or others such authority and duties as may be granted and imposed upon the Board by this Declaration. 10.11 Funds and Titles for the Developer. All funds and all properties acquired by the Association, and the proceeds thereof shall belong to the Owners and shall beheld for the benefit of the Owners subject to this Declaration for the purposes herein stated. ARTICLE ELEVEN Conveyance of Title by :Developer to Association 11.1 Developer's Rights, Powers and Obligations Prior to Transfer to Association. Until 75% of the Homesites shall have been sold and development of Maison du Val Townhomes has been completed by Developer, all of the rights, powers and obligations which by this Declaration are to be vested in the Association shall be deemed vested in and possessed by Developer. 11.2 Transfer of Rights, Powers and Obligations by Developer to Association. When Developer has completed 75% of the development of Maison du Val Townhomes, it shall transfer and assign to the Association all of its rights, powers, and obligations under this Declaration. 11.3 Transfer of Title to Common Areas to Association. (a) Until the title in the Common Areas is conveyed to Association, Developer solely shall hold the fee simple title in the Common Areas, subject to the right of use by the Developer hereinabove provided for in Article Six. (b) Concurrently with said transfer by Developer to the Association, the legal title of Developer in the Common Areas shall be conveyed to the Association, and thereupon the Association solely shall possess fee simple title in the Common Areas. 1.6 (c) Concurrently with the transfer of Developer's rights, powers and obligations to the Association, the exclusive interest of the Developer in the Common Areas shall cease and terminate. 11.4 Rights and Powers Reserved by Developer. Prior to the Developer's completion of Maison du Val Townhomes and Developer's transfer of its rights, powers and obligations to the Association, Developer shall have the right and power to erect and maintain advertising signs and to use and employ on Maison du Val Townhomes other sales devices and arrangements, all to be in good taste and consistent with the quality and character of the development, for the purpose of advertising Home -sites and Residences in Maison du Val Townhomes. Developer shall have the further right and _power to maintain, for the aforesaid period, sales, business and construction offices on the Property, up to four (4) model Residences, and to complete construction of the buildings and improvements on the Property and development of the entire Maison du Val TwAmhomes. The construction of buildings and improvements by Developer in accordance with this Article shall be deemed fully authorized and empowered until development of Maison du Val Towmhomes has been completed and Developer has transferred and assigned all its rights, powers and obligations to the Association. Developer shall be exempt from the payment of all assessments due under Article Twelve of this Declaration during the period Residences are used by Developer as model Residences or during the period any Residence owned by the Developer remains unsold and unoccupied. 11.5 Developer's Successors and Assigns. Developer's successors and assigns shall have, without limitation, qualification or exception, all the rights, powers and authority of Developer itself. 11.6 Common Areas Improvements: Developer's Warranty. Developer warrants all improvements constructed by Developer in the Common Areas to be free from defects in workmanship and materials. Said warranty shall be effective for twelve months from the date as of which the improvement is ready for use or occupancy. During said twelve-month warranty period, all repairs required by reason of defects in workmanship or materials shall be made by Developer at its own expense, without charge to the Owners. After the expiration of the warranty period, all repair expense on Common Areas improvements shall be borne by Owners. ARTICLE TWELVE Assessments 12.1 Assessments for Taxes and Maintenance Prior to Transfer to Association. All taxes, expenses for maintenance and operation of the Common Areas and for the services hereinabove specified, performed upon Homesite, shall be paid by assessments upon the Owners. Until Developer transfers its rights, powers and obligations to the Association, assessments for maintenance and operation shall be levied 17 by Developer on a quarterly basis and paid by the Owners. The assessment for maintenance and operation shall be subject to periodic adjustment, upward or downward, each such adjustment to be based upon the estimate then made by Developer of the expense of managing and operating the Common Areas during the period for which the estimate has been made. The term "maintenance and operation" of the Common Areas includes, but without limitation, all of the matters set forth in Article Ten in respect of which the Association (and Developer prior to transfer to the Association) are stated to have rights, powers, and obligations. 12.2 Transfer by Developer of Maintenance Reserves. When Developer is preparing to transfer its rights, powers, and obligations to the Association, Developer will, as soon as practicable, deliver to the Association a statement prepared the Developer showing the amount by which aggregate assessments received by Developer from the Owners exceeded, or are less than, the aggregate expense of maintaining and operating the Common Areas up to date of the transfer. If the statement shows a surplus, Developer shall within thirty days of receipt of the statement pay that surplus to the Association. If the statement shows a deficiency, then Association will pay the amount of that deficiency to the Developer. After the date of the transfer and assignment to the Association of Developer's rights, powers and obligations, Developer shall have no further liability or obligation in respect of any costs or expenses of the Common Areas. Thereafter, all assessments for taxes, maintenance and operations shall be made as provided for in the following sections of this Article Twelve. 12.3 Estimate and Assessment of Maintenance Costs by Association. After Developer has transferred its rights, powers, and obligations to the Association, payment by Developer for maintenance and operating expenses shall continue to be paid quarterly in the same amount as prior to the transfer, until the Developer are notified by the Association of a change in the amount of the assessments. (a) As soon as practicable after the aforesaid transfer by Developer to Association, the Association shall prepare an estimate of the taxes, maintenance and operating expenses for the Association's initial fiscal year, beginning on the first day of the calendar month which immediately follows the expiration of a period not less than thirty days from the date or the preparation of the estimate by the Association. (b) After the Association has approved the said estimate, the Developer shall be promptly given written notice of said estimate, with reasonable supporting data, and a statement of the quarterly payment for taxes, maintenance and operating expenses to be made by each Owner on the first day of each quarter of said initial fiscal year, and each Owner shall thereupon make payments in accordance with said statement. (c) Thereafter, not less than thirty days prior to the beginning of each fiscal year after the initial fiscal year, the Association shall prepare and approve an estimate of taxes, maintenance and operating expenses for the coming fiscal 18 year, with reasonable supporting data, and the Association shall promptly give each Owner written notice of said estimate, and a statement of the quarterly payment of taxes, maintenance and operating expenses to be made by each Owner on the first day of each quarter of the fiscal year for which the estimate was made, and each Owner shall thereafter make payments in accordance with said statement. (d) Within ninety days after the beginning of each fiscal year after the initial fiscal year, the Association shall prepare an itemized accounting of taxes, maintenance and operating expenses actually incurred and paid for the preceding fiscal year, together with a tabulation of the amounts collected pursuant to assessment of the Owners, and showing the net amount over or under the actual expenditures, plus reserves; provided, that in the fiscal year which immediately follows the initial fiscal year, the aforesaid data to be delivered to the Association shall cover the fiscal period from the date of the transfer by Developer to the Association, to the end of said initial fiscal year. Any amount accumulated in excess of the amount, required for actual expenses and reserves may be placed in a special reserve to apply against cash requirements for the following year and any net shortage may be assessed equally among the Owners. 12.4 Reserves for contingencies. The Association may build up and maintain reasonable reserves for contingencies and replacements. Extraordinary expenditures not originally included in the annual estimate, which may become necessary during the year, shall be charged first against such reserves. If the estimated cash reserve is inadequate for any reason, including nonpayment of any assessment, the Board has the right to levy an additional assessment to cure the deficiency. The Association shall serve notice of such additional assessment on the Owners by a statement in writing giving the amount and reason therefore, and such additional assessment shall be paid as directed by the Association. Each Owner, jointly and severally, shall be personally liable for and obligated to pay his respective adjusted monthly assessment. - 12.5 Failure of Association to Serve Estimate. The failure or delay of the Association to approve or distribute the annual estimate or the adjusted estimate shall in no way constitute a waiver or release in any respect or in any degree of the obligation of each Owner to pay the maintenance assessments herein provided for, whenever the same shall be determined, and if timely distribution of an estimate is not made by the Association, the Developer shall continue to pay the then existing monthly assessment, until the new or adjusted estimate shall have been distributed by the Association. 12.5 . Assessment Roll. The assessments against the Owners shall be set forth upon a roll which shall be available for inspection on request at all reasonable times by the Developer or their duly authorized agent. Said assessment roll shall show all assessments made and their purposes, and shall show further the amounts of all assessments paid and all assessments unpaid. 123 Owner and Grantee: Liability and Assessments. Each Owner and his grantee shall be jointly and severally liable for all unpaid assessments due and payable at W1 the time of conveyance but without prejudice to the rights, if any, of a grantee to recover from the grantor the amounts paid by the grantee in respect of such assessments. A waiver of the use or enjoyment of the Common Areas shall not avoid such liability, by a claim of nonuse, or by abandonment or surrender of the Homesite in respect of which liability for the assessment was made. 12.8 Allocation of Assessment Liability Among Owners. , Except as specifically provided for hereunder to the contrary, all taxes and expenses in connection with maintenance, improvement, management and operation of the Homesites or Common Areas, herein sometimes referred to as "Maintenance Expense'', shall be borne in equal shares by all the Owners. Each Owner agrees to become liable for and to pay all assessments herein provided for. 12.9 Lien for Assessments. (a) If an Owner fails to pay an assessment or portion thereof for which he is liable, then the Association shall have a lien, effective as of the date on which payment was due, on such Owner's Homesite for the purpose of securing the obligation of the Owner in respect of said unpaid assessment or portion thereof; provided, the lien hereby created in favor of the Association shall be subject and subordinate to the lien of any mortgage or trust deed on such Homesite made by a bank or insurance company or savings and loan association or other lender, except in respect of assessments on the mortgaged Homesite which becomes due and payable subsequent to the date on which the mortgagee, after default, takes possession of the Homesitc, or accepts a conveyance of the Owner's interest therein or has a receiver appointed in proceedings to foreclose the mortgage lien, and in respect of assessments subsequent to the mortgagee's possession or acceptance of a conveyance, or appointment of a receiver, the lien of the Association shall have priority over the defaulted mortgage. (b) In addition to the lien for unpaid assessments or any portion thereof in favor of the Association, provided for herein, the Association shall have a lien on all tangible personal property located in, on or about the Homesite, except that such Association's lien shall be subject and subordinate to prior bona fide liens of record. 12.10 Payment of Assessments: Interest. Assessments and installments thereof paid on or before ten days after their due date shall not bear interest, but all sums not paid on or before twenty days after the date when due shall, when so directed by the Association, bear interest at a rate determined from time to time by the Board but not higher than the highest legal rate payable by individuals in Illinois, from the date when due until date of payment. All payments on account shall be applied first to interest and next to the principal of the assessment, which was first due and owing. 12.11 Rights of Association on Default. If an Owner is in default in the monthly payment of the aforesaid assessments or expenses for thirty days or more, the 20 Association may bring suit to foreclose the lien in favor of the Association hereinabove provided for, or may bring suit to enforce collection of the unpaid assessment, and for the recovery of all costs, fees and expenses incurred by reason of said default, including, but not limited to, interest as hereinabove provided and reasonable attorneys' fees in. an amount to be fixed by the court. The lien hereby created may be foreclosed by an action brought in the name of the Association and shall be maintained as in the case of foreclosure of any mortgage or other equitable lien against real estate provided; however, that, as herein provided, a mortgage on a Homesite shall be subject and subordinate to the lien in favor of the Association hereby provided for, only in respect of assessments on the mortgaged Homesite which become due and payable subsequent to the date the owner or holder of said mortgage either takes possession of the Homesite, or has a receiver appointed in a suit to foreclose the mortgage lien. Any mortgagee of a Homesite has the right from time to time and upon payment of a reasonable fee to request in writing a written statement from the Association showing the condition of the assessment account of the Owner of the mortgaged Homesite, and showing all unpaid items in respect of which the Association is given lien rights hereunder. 12.12 Lien Rights of Developer. Until Developer's transfer and assignment of its rights, powers and obligations to the Association, all of the lien rights and other rights herein provided for in favor of the Association, shall be possessed by the Developer as fully and as effectively in every respect without diminution of any kind, as said lien rights are to be possessed by the Association itself. 12.13 Contribution to Reserve -Initial Purchasers. Fach purchaser of a Townhome shall pay an amount equal to $750 to the Association to create an initial reserve. 12.14 Initial Assessment Paid Quarterly. The initial Assessments, until changed by either the Deveoper or the Association, shall be $250 due at the beginning of each calender quarter, regardless of the date of a Townhome's acquisition. ARTICLE THIRTEEN Insurance 13.1 Insurance Coverage. The Association shall obtain insurance in respect of Maison du Val Townhomes pursuant to this Article Thirteen.. (a) The Association shall obtain comprehensive general liability insurance for bodily injury, property damage, and personal injury at limits no less than a combined single limit of $1,000,000, covering ownership, maintenance, or use of the Common Areas, the I3omesites and other areas within or outside Maison du Val Townhomes necessary and incidental thereto. (b) Such workmen's compensation insurance as is required by law and employer's liability insurance as the Association shall deem desirable. 21 (c) Such other insurance in such reasonable amounts as the Association shall deem necessary. 13.2 Premiums as Community Expenses. The premiums for the above - described insurance shall be included in the expenses of maintaining the Common Areas and shall be paid by the Association. 13.3 Policies. (a) All insurance, provided for in this Article shall be effected under valid and enforceable policies issued by insurers of recognized responsibility authorized to do business in the State of Illinois. (b) All policies of insurance of the character described in paragraphs (a), (b) and (c) of Section 13.1 shall name as insureds the Maison du Val Townhomes Homeowners' Association and its Board, the managing agent, if any, and other agents, and until the rights, powers and obligations of Developer are transferred to the Developer, the policies shall also name as insured the Developer, its affiliates, and the agents and employees of the said insured parties. 13.4 Losses. The loss, if any, under any policies of insurance described in Section 13.1 shall be adjusted with the insurance company or companies by the Association. The insurance proceeds received by the Association less the actual cost, fees and expenses, if any, incurred in connection with the adjustment of the loss, shall be applied to the payment of the cost of restoring the Common Areas and the improvements thereon to substantially the same condition in which it existed immediately prior to such damage or destruction, free from Vendor's, mechanic's, materialman's and other similar liens. 13.5 Individual Owner's Insurance on Homesite. Each owner of a Homesite in Maison du Val Townhomes shall be responsible for his own insurance on his personal liability covering his Homesite. The Association has no obligation or responsibility to insure the Owners of Homesites for their liability arising out of the Ownership, maintenance, or use of the Homesites. Each Owner shall carry all-risk physical damage insurance covering the improvements on his Homesite, and shall at all times have on deposit with the Association, certificates of insurance showing that policies providing coverage for not less than the full insurable replacement value, are in force and effect. If improvements are damaged or largely destroyed by fire or other casualty, each Owner shall restore the improvements damaged or largely destroyed within a reasonable period, the Board may restore the improvements and assess the Owner for the cost of said restoration which assessment shall be paid as provided hereunder. 13.6 Uninsured Property or Insufficient Insurance. In the event the Common Areas is not insured against the peril causing the loss or damage, or the 22 insurance proceeds are not sufficient to pay the costs of repair, restoration or reconstruction, and the Association on behalf of the Owners does not voluntarily make provisions for repair or reconstruction of the improvements within 180 days' after said damage or destruction, then the owners shall determine the action to be taken with respect to the Common Areas or the improvements, at a special meeting of the Owners called for the purpose of considering such action. ARTICLE FOURTEEN Sala Luse or Other Transfer of Homesite 14.1 Right of Developer to Transfer Free of Association's Option. (a) The Options given the Association by this Article Fourteen to acquire a Homesite shall not apply to any sale, lease, gift, devise or other transfer by Developer, or by an Owner of a Homesite, to a co -Owner of such Homesite, or to the spouse or child or children of an Owner, or to any Developer of a trust of which the sole beneficiary or beneficiaries is or are the Owner, the spouse or children of the Owner, or any one or more of them. (b) Each Section of this Article Fourteen is expressly made subject and subordinate to the right of each Owner (and of Developer) to transfer his Homesite to a party specified in Section 14.1(a), free of the options given Association by this Article Fourteen. 14.2 , Sale or Lease of Homesite. Any Owner, other than Developer, who wishes to sell or lease his Homesite (or any lessee of any Homesite wishing to assign his lease or sublease such Homesite) shall give the Association not less than thirty days' prior written notice of the terms of any proposed sale, lease, assignment, or sublease, together with the name, address and financial and character references of the proposed purchaser, lessee, assignee or sublessee, and such other information concerning the proposed purchaser, lessee, assignee or sublessee as the Association may reasonably require. The Association, acting in behalf of all Owners (other than the prospective seller or lessor), shall at all times have a first right and option to purchase or lease, such Homesite upon the same terms, said option to be exercisable by the Association within thirty days of the date of the receipt of notice and information by the Association. No sale, assignment of lease, or sublease of such Homesite, shall be consummated prior to the expiration of said thirty -day period without Association's written consent, and if a sale, assignment or sublease is consummated prior to the expiration of said thirty -day period without Association's written consent, and if a sale, assignment or sublease is consummated in violation of this provision then, at the option of the Association, the consummated transaction shall be deemed void and wholly inoperative. if the Association does not exercise its option within said thirty -day period, the Owner or lessee shall have the right to sell, assign the lease, or sublease the Homesite, strictly in accordance with the terms and conditions of the notice given to the Association. This Section 14.2 is expressly made subject and subordinate to the right of each Owner (and of Developer) to transfer 23 his Homesite to a party specified in Section 14.1(a), free of the options given Association by this Article Fourteen. 14.3 . Gift of Homesite. Any Owner other than Developer who desires to make a gift of his Homesite, or any interest therein, shall give the Association not less than thirty days' prior written notice of such Owner's intention prior to the proposed date of the gift, together with the name, address and financial and character references of the proposed donee and such other information concerning the proposed done, as the Association may reasonably require. The Association, acting in behalf of all Owners (other than the prospective donor), shall at all times have a first right and option to purchase such Homesite or interest therein for its fair market value, to be determined by appraisal as hereinafter provided, which option shall be exercisable by the Association until the expiration of the option period hereinafter provided for. If the Association desires to exercise its option, then within fifteen days after receipt by the Association of a written notice of a desire to make a gift, the Owner desiring to make such gift and the Association shall each appoint an expert real estate appraiser to act as appraisers. The two appraisers so appointed shall themselves, within ten days after their appointment, appoint another expert real estate appraiser to act as a third appraiser. Within fifteen days after appointment of said third appraiser, the three appraisers shall determine, by majority vote, the fair market value of the Homesite or interest therein, of which the Owner desires to make a gift. The appraisers shall thereupon give prompt written notice of their determination as to fair market value of the Homesite or the interest therein which has been appraised, and said determination shall be deemed final and conclusive and binding on all parties. If either party fails to appoint an appraiser, then the appraiser appointed by the other party shall make the appraisal alone. The Association shall have an option to purchase the Homesite, or the interest therein of which a gift was to be made, for a period of fifteen days after the date of the receipt by the Association of the aforesaid determination of fair market value. This Section 14.3 is expressly made subject and subordinate to the right of each'Owner (and of Developer) to transfer his Homesite to a party specified in Section 14.1(a), free of the options given Association by this Article Fourteen. 14.4 Death of Owner. If an Owner dies, the Association shall, have an option to purchase the decedent's Homesite, or his interest therein, from the estate of the decedent. The option price shall be the fair cash market value of the Homesite, or the decedent's interest therein, said fair market value to be determined by appraisal as hereinafter provided. Within thirty days after the Association is notified of the appointment of a personal representative for the estate of the deceased Owner, if the Association desires to exercise its options, the Association shall appoint a qualified real estate appraiser to act as an appraiser, and shall thereupon give written notice of such appointment, to the personal representative of the decedent. Within fifteen days thereafter, said personal representative shall also appoint a qualified real estate appraiser, and the two appraisers so appointed shall promptly appoint a third .qualified real estate appraiser. Within fifteen days thereafter, the three appraisers shall determine by majority vote the fair market value of the Homesite, or the decedent's interest therein, and they shall thereupon give written notice of their determination to the Association and to the 24 personal representative of the decedent. If either party fails to appoint an appraiser, then the appraiser appointed by the other party shall alone make the appraisal. The Association's right to purchase the Homesite, or the interest therein, of a deceased Owner shall expire thirty days after the Association receives notice of the determination of fair value made by the appraisers. The Association shall be deemed to have appropriately exercised its right to purchase if the required price is tendered to the said personal representative within the period hereinabove prescribed, provided, that a deed conveying good title is tendered to the Association concurrently with the tender of the price by Association, and that the title, being conveyed is supported by a title guaranty policy in the amount of the sale price, This Section 14.4 is expressly made, subject and subordinate to the right of each Owner (and of Developer) to transfer his Homesite to a party specified in Section 14.1(a), free of the options given Association by this Article Fourteen. 14.5 Involuntary Sale of Homesite. (a) If any Homesite is sold at a judicial or execution sale (other than a mortgage foreclosure sale) the purchaser at such sale, before taking possession of the Homesite, shall give not less than thirty days' written notice to the Association of his intention to take possession in pursuance of his purchase. The Association shall thereupon have an option to purchase the Homesite for the price at which the Homesite was sold at said sale to said purchaser. If the Association elects to exercise their option to purchase, they shall tender the required sum to said purchaser of the Homesite within said thirty -day period, and if they fail to do so, the purchaser shall then be entitled to take possession of the Homesite free and clear of the option provided for in this section. (b) If the mortgage on a Homesite of a bank, savings and loan association, insurance company or other lender is foreclosed, the mortgagee shall have the right to acquire the mortgaged Homesite at its foreclosure sale, either in its own name or in the name of a nominee. If, however, at any time after such an acquisition, the mortgagee sells the Homesite it has acquired through its foreclosure, then the purchaser from the mortgagee, before taking possession of the Homesite, shall give, not less then thirty days' written notice to the Association of his intention to take possession of the Homesite in pursuance of his purchase. The Association shall thereupon have an option to purchase the Iomesite for the price at which the Homesite was sold at said sale to said purchaser. If the Association elects to exercise its option to purchase, it shall tender the required sum to said purchaser of the Homesite within said thirty -day period, and if they fail to do so, the purchaser shall then be entitled to take possession of the Homesite free and clear of the option provided for in this subsection. 14.6 Consent of Owners to Exercise of Option by Association. The Association shall not exercise any Option to purchase a Homesite without the prior written consent of two-thirds of the Owners. The Owners, in authorizing the Association's purchase of a Homesite pursuant to option given by the preceding sections, 25 shall specify the maximum price which the Association is authorized to pay for the purchase to be made, and the Association shall not offer more for any Homesite than the maximum fixed by the Owners. The power of the Association to purchase a Homesite pursuant to this Article Fourteen includes the power to purchase any interest in said Homesite. 14.7 Proof of Termination of Option. A certificate executed and acknowledged by the Association, stating that the provisions of this Article Fourteen have been fully complied with by an Owner, or duly waived by the Association and that the rights of the Association have been terminated by such waiver, shall be conclusive and binding upon the Association and the Owners in favor of all parties who rely on such certificate in good faith, and such a certificate shall be furnished upon request to any Owner entitled thereto, upon payment of a reasonable fee. 14.8 Financing of Purchase Linder Option. A Homesite acquired by the Association pursuant to options given by this Article Fourteen shall be paid for from the maintenance fund. If the maintenance fund is insufficient to pay the sum required for acquisition of a Homesite, the Association shall procure the additional sum required by assessment against the Owners. If an Owner so assessed fails to pay his assessment, the Association shall have lien rights in respect of such Owner's Homesite and such other rights in respect of the Owner, as in any other case of a default by Owner. The Association has the power to finance the acquisition of a Homesite pursuant to this Article Fourteen by procuring a mortgage or other loan secured by said Homesite, and if such a loan is procured, the payments in respect of the mortgage and expenses in connection therewith shall be paid, to the extent necessary, by assessment against the Developer. 14.9 Title to Acquire Interest. Title to a Homesite acquired pursuant to this Article Fourteen shall be held in the name of the Association or in the name or names of a nominee or nominees, but title, however held, shall be for the benefit of the Owners. A Homesite acquired by the Association pursuant to this Article Fourteen may thereafler be sold or leased by the Association on whatever terms they deem appropriate. All net proceeds of a sale or lease of a Homesite acquired by the Association shall be refunded to the Owners in equal shares. ARTICLE FIFTEEN Compliance, liance Breach of Covenants and Default 15.1 Rights and Remedies of Association, Each Owner is bound by and shall comply with the tenets of this Declaration, the By -Laws, and the Rules and Regulations adopted pursuant thereto, and by all amendments to them. A failure by an Owner to comply with this Declaration, or with the By -Laws, and Rules and Regulations of the Association or any authorized amendment to said Declaration, By -Laws, or Rules and Regulations shall constitute a Default by such Owner. If a default occurs, the Association shall have the right to recover damages at law, to procure injunctive relief, to foreclose on any lien rights the Association may have, or to avail themselves of any other rights or C remedies permitted at law or in equity including, but not limited to, filing suit pursuant to the Forcible Entry and Detainer Act. All expenses of the Association in connection with any actions or proceedings described herein, including court costs and attorneys' fees and all other expenses of the proceeding, and all damages, liquidated or otherwise, together with interest thereon at 18% per annum or such other interest rate as shall be charged by the Board pursuant to paragraph 12.1.0 herein until paid, shall be charged to and assessed against such defaulting Owner, and shall be added to and deemed part of his respective share of the annual expenses and the Association shall have a lien for all of the same, as well as for non-payment of his respective share of the annual expenses upon the Homesite of such defaulting Owner and upon all of his additions and improvements thereto and upon all of his personal property located on his Homesite or elsewhere on the Property. The rights and remedies of the Association shall be cumulative and shall be enforceable concurrently in a single proceeding. By virtue of the provision of this Declaration which gives Developer all rights and powers of the Association prior to completion of the development of Maison du Val Townhomes and conveyance of Developer's rights to the Association, Developer has every right and power and every right and remedy which the Association is given by this Article. 15.2 Liability of Developer for Negligence. Each Owner shall be liable for any damage caused by his act or negligence, or by the act or negligence of any party whose right to be upon the Common Areas is derived from such Owner, but only to the extent that such damage is not covered by insurance carried by the Association. Nothing herein contained, however, shall be construed so as to modify any waiver by an insurance company of rights of subrogation. 15.3 Recovery of Suit Expense. In any proceeding commenced by the Association, based upon or arising out of an alleged Default by an Owner, the prevailing party, whether Association or Owner, shall be entitled to recover all expense of the proceeding, including reasonable attorneys` fees, but the amount to be allowed the prevailing party shall be determined by the court. ARTICLE SIXTEEN Homesites: Title in Land Trustee 16.1 Homesites: Title Held by Land Trustee. If title to any Homesite is conveyed to a Land Trustee, under the terms of which all powers of management, operation and control, of the premises are vested in the trust beneficiary or beneficiaries, then the parties who are the beneficiaries from time to time under such land trust shall be deemed the Owner of such Homesite and shall have all the rights and obligations of the Owners hereunder. The Owner holding title under such a land trust shall have no personal liability for payment of any obligation or lien created by or arising under this Declaration and no party shall have the right to claim personal liability on the part of any such Land Owners for any liability or obligation of any kind arising under this Declaration. Beneficiaries of a Land Owner who transfer their beneficial interest by assignment, or who cause their Owner to transfer Homesite by Trustee's deed, shall continue to be liable 27 for all liabilities and obligations incurred by them prior to the disposition of their Homesite. ARTICLE SEVENTEEN Amendment and Termination of Declaration 17.1 Who May Amend. This Declaration may be amended by the Developer, or by the Association, or by the Owners, in the manner provided for in this Article Seventeen. Amendment other than in accordance with this Article is not permissible. 17.2 Amendment Prior to Sale of Homesite. Prior to the sale of any Homesite, Developer itself has the right to amend or to tenninate this Declaration at any time or in any manner. If Developer elects to terminate this Declaration, Developer may evidence its election by recordation of an appropriate statement of termination with the Recorder of Deeds of Cook County, Illinois, and upon such recordation, the entire title in Maison du Val Townhomes shall stand in the Developer free and clear of this Declaration. 17.3 Amendment After Sale of Homesite. After one or more Homesites has been sold, but prior to Developer's completion of the development of Maison du Val Townhomes and prior to Developer's transfer of its rights, powers and obligations to the Association, Developer itself acting without concurrence of any other party has the right to amend this Declaration as often as Developer deems necessary, but no such amendment shall unfairly or unreasonably affect any rights of the Owners. 17.4 Amendment After Transfer of Association. After completion of Maison du Val Townhomes by Developer and the election of the first Board (after the Transfer of the Association), this Declaration may be amended by a two-thirds vote of the Board, together with the concurrence of Developer so long as Developer has any unsold Homesite, but such amendment shall not unfairly or unreasonably affect the rights of the Developer. 17.5 Amendment After All Homesites Have Been Sold. After development of Maison du Val Townhomes has been completed and all Homesites therein sold by Developer, and a first Board has been elected, this Declaration may be amended by a vote of no less than 24 of the 32 Owners, but such amendment shall not unfairly or unreasonably affect the rights of an Owner. 17.6 Termination of Declaration. After one or more Homesites have been sold, this Declaration may be terminated only with the joint consent of: (a) The Developer, if the Developer has any unsold Homesites. If Developer has sold all its Homesites, consent of Developer shall not be required; (b) If a Board of Directors has been elected, then the consent of the 28 Board, supported by a two-thirds vote of the Directors; (c) The Owners of 75% of the Homesites; (d) All mortgagees of Homesites. Concurrence of all the foregoing shall be required in order to effect a valid termination of this Declaration. 17.7 Procedure on Amendment or Termination, (a) If this Declaration is to be amended or terminated by the Developer solely, pursuant to the above provisions of this Article which provide for amendment or termination by Developer solely, Developer shall evidence said amendment or termination by due execution of an appropriate written instrument setting forth the terms of the amendment, or stating that this Declaration is terminated, as the case may be. (b) If this Declaration is to be amended after development of Maison du Val Townhomes has been completed and the rights and powers of Developer have been transferred and assigned to the Association, then if Developer still has one or more Homesites which remain unsold, the amendment shall be effected by an appropriate written instrument setting forth the terms of the amendment and duly executed on behalf of the Association and duly executed by the Owners. (c) If an amendment is to be effected after Developer has completed the sale of all Homesites in Maison du Val Townhomes, and after the rights and powers of Developer have been transferred and assigned to the Association, then the amendment may be evidenced by a written instrument executed in behalf of Association solely, and no participation by Developer shall be required. (d) If this Declaration is to be terminated after one or more F-lomesites have been sold, the termination shall be evidenced by an appropriate written instrument stating that this Declaration has been terminated. The statement of termination shall be executed by the President and Secretary of the Association on behalf of the Association, by 75% of the Owners of the Homesites, and by all owners of mortgage liens on the Homesites and Common Areas. The President and Secretary of the Association shall certify, in the statement of termination, that no less than two-thirds of the Board have voted for termination of this Declaration and that 75% of the Owners of Homesites have voted for termination. (e) The instrument effecting an amendment or termination of this Declaration shall be recorded promptly after execution in the office of the Recorder of Deeds of Coop County, Illinois, and the amendment or termination provided for therein shall become effective and operative upon recordation. 29 17.8 Notices With Respect to Amendment or Termination. All parties who have the right to participate in a vote relating to amendment or termination of this Declaration shall have the right to initiate proceedings for amendment or termination of this Declaration. Any such party desiring to initiate proceedings for amendment or, termination, shall give at least ten days' prior written notice of the meeting at which amendment or termination is to be considered. If Developer solely amends this Declaration, in pursuance of the foregoing provisions providing for amendment by Developer solely, then within fifteen days after adoption of the amendment, notice of the amendment shall be given by Developer to all Owners, and each Owner, promptly upon receipt of such notice, shall give notice of the amendment to the mortgagee of his Homesite. ARTICLE EIGHTEEN General Provisions 18.1 Notices -- In General. (a) Notices given pursuant to this Declaration or in connection therewith shall be written, and shall be delivered in person or by mail. Notices of default, or formal demands by any party hereunder to any other parry shall be sent by certified or registered mail, with request of return receipt. Notices shall be deemed delivered on the date personal delivery is made or on the date of mailing. Notices to an Owner may be given to the Owner at his Homesite, unless the Owner has informed the Board of Directors of some other mailing address. Notice to the Association may be given to the Association at an address selected by the Board of Directors from time to time, or to the Homesite of the President of the Board of Directors. Until development of Maison du Val Townhomes is completed and Developer has transferred and assigned all its rights, powers and obligations to the Association, all notices, which the Association would be entitled to receive, shall be given to Developer. Notices in respect of meetings or special meetings of the Board or of the Developer shall be given in accordance with the provisions of the Declaration or of the By -Laws to be adopted by the Board. (b) Notice to the personal representative of a deceased Owner shall be sent to the address furnished by such personal representative to the Association, and if the personal. representative furnishes no address, then notice to a deceased Owner shall be given to decedent by writing directed to the Owner at such Owner's Homesite. (c) Notices -- To Mortgagees. Upon request of the mortgagee of any Homesite, and payment of a reasonable charge therefore, the Association shall give to such mortgagee a copy of every amendment to this Declaration. 18.2 Non -Waiver Except by Written Instrument. No conditions, covenants, restrictions, reservations, grants or other provisions of this Declaration shall be deemed to 30 have been waived, by silence, or inaction, or failure to enforce rights or by any other m matters whatsoever, other than a writing executed by the party against whothe waiver is asserted, which expressly states that a specified right or remedy is being waived. No waiver shall be deemed to have been effected by the failure to enforce rights or remedies of which a party is possessed, regardless of the number of breaches or violations of said rights, which have occurred. 18.3 Liberal Interpretation. This Declaration shall be liberally construed so as to facilitate and promote the objectives of this Declaration hereinabove set forth. Narrow, technical, and literal construction of this instrument inconsistent with the objectives of the Developer, the Association and the Owners shall be avoided. 18.4 INTENTIONALLY OMITTED 18.5 Partial Invalidity—Severability. The invalidity of any of the conditions, covenants, restrictions or reservations herein contained, or of any other provision of whatever nature of this Declaration shall not in any way impair or affect: the validity or enforceability of any ether provision of this Declaration, and any such invalidity shall be deemed partial and separable, and all of this Declaration shall be deemed valid, effective and binding except for the invalid provision. 1.8.6 Gender, Usage of Singular and Plural Forms, and Other Usage. Whenever the context so rewires, use of the plural form shall include the singular, use of the singular form shall include the plural or any gender shall be deemed to include all genders. Prior to completion of development of Maison du Val Townhomes and to Developer's transfer of its rights, powers and obligations to the Association or Owners, all references to the rights, powers and obligations of the Association or the Board shall be read as references to the rights, powers and obligations of Developer. The term "sale" means a sale consummated by delivery of a deed to a Homesite. 18.7 Captions. Captions used in this Declaration are inserted solely as a matter of convenience and shall not be relied upon or used in construing the text thereof. 18.8 Reliance on Association's Certification. A certification or statement that a described act has been authorized, or in particular, that execution and delivery of a described instrument has been authorized, signed by the President of the Board and attested by a Secretary of the Board, shall sufficiently establish for all purposes that the described act or instrument is the act or instrument of the Board and has been duly authorized by the Board, and the said described act or instrument may be relied upon by all parties. 18.9 Recordation., Prior to consummation of the sale of the first Homesite in Maison du Val Townhomes by delivery of a deed to said Homesite, this Declaration shall be recorded in the office of the Recorder of Deeds of Cook County, Illinois. All amendments to the Declaration shall also be recorded in said Recorder's Office. This Declaration is executed by Emerald, Inc., an Illinois corporation, as 31 Developer as aforesaid, in the exercise of the power and authority conferred upon and vested in it as such Developer (and Emerald, Inc., an Illinois Corporation, hereby warrants that they possesses fudl power and authority to execute this instrument). It is expressly understood and agreed by every person, firm or corporation hereafter claiming any interest under this Declaration that Emerald, Inc., as Developer as aforesaid, and not personally, has joined in the execution of this Declaration for the sole purpose of subjecting the title holding interest to the terms of this Declaration; that any and all obligations, duties, covenants and agreements of every nature herein set forth by Emerald, Inc., as Developer as aforesaid, to be kept or performed, are intended to be kept, performed and discharged by the corporation or its successors, and not by Emerald, Inc. personally; and further, that no duty shall rest upon Emerald, Inc., either personally or as such Developer, to sequester trust assets, rentals, avails or proceeds of any kind, or otherwise to see to the fulfillment or discharge of any obligation, express or implied, arising under the tenets of this Declaration, except where said Developer is acting pursuant to direction, as provided, and after the Developer has first been supplied. with funds required for the purpose. In the event of conflict between the terms of this paragraph and of the remainder of the Declaration on any question or apparent liability or obligation resting upon said Developer, the exculpatory provision hereof shall be controlling. IN WITNESS WHEREOF, the said Emerald, Inc., as Developer as aforesaid and not individually, has caused this instrument to be executed by its duly authorized agent, all on the date hereinabove set forth on the first page hereof. Emerald, Inc., an Illinois Corporation By:�-- Its:Zcsident 32 State of Illinois )SS County of DuPage 1, the undersigned, a Notary Public in and for the County and State aforesaid. Do I JEREBY CERTIFY, that Gerard Carey, as President of Emerald, Inc., is personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that he signed and delivered the said instrument as his free and voluntary act, for the uses and purposes therein set forth. GIVEN under my hand and Notarial Seal this JO day of August, 2020. MaryPublic . .. .. . .......... OFFICIAL SEAL SHARON A KENNY GRAHAM 0 Y PU8LIC T T L NOTARY OFFICIAL SEAL OFILLINMOIS 9 0 L I 01� My COMMISSIO�S XPIR io My COMMISSION EXPIRES:07631 E ES 7 3 , 22 33 EXHIBIT A Legal Description: PARCEL 1: THE WEST 420.57 FEET OF THE NORTH 98 FEET OF THE SOUTH 178 FEET OF THE NORTH 37.5 ACRES OF THE WEST 75 ACRES OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 10 EAST OF THE THIRD PRINCIPAL MERIDIAN (EXCEPT THE WEST 50 FEET TAKEN BY CONDEMNATION CASE 83LS0482) IN COOK COUNTY, ILLINOIS. PARCEL 2: THE EAST 370.57 FEET OF THE WEST 420.57 FEET OF THE SOUTH 80.00 FEET OF THE, SOUTH 178.00 FEET OF THE NORTH 37.50 ACRES OF THE WEST 75 ACRES OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 10 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. PARCEL3: THE EAST 800 FEET OF THE NORTH 98.00 FEET OF THE SOUTH 178.00 FEET OF THE NORTH 37.5 ACRES OF THE WEST 75 ACRES OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 10 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. THE SOUTH 80.00 FEET OF THE SOUTII 178.00 FEET (EXCEPT THE WEST 420.57 FEET THEREOF) OF THE NORTH 37.5 ACRES OF THE WEST 75 ACRES OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 10 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. 34 PARCEL 5. THAT PART OF THE WEST 75 ACRES OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 41, EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: COMMENCING AT THE INTERSECTION OF THE WEST LINE AS STAKED AND OCCUPIED OF THE EAST 286.87 FEETOF THE WEST 75 ACRES OF THE EAST HALF OF THE NORTHWEST QUARTER OF SAID SECTION, BEING ALSO THE WEST LINE, AS STAKED AND OCCUPIED OF SUNSET MANOR SUBDIVISION, ACCORDING TO PLAT THEREOF RECORDED APRIL 10, 1957, AS DOCUMENT NO. 16874058 AND THE SOUTH LINE OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 10, ALSO BEING THE CENTER LINE OF NERGE ROAD THENCE NORTH 00 DEGREES 09 MINUTES 26 SECONDS EAST A DISTANCE OF 1064.87 FEET TO A POINT ON THE SOUTH LINE OF THE NORTH 1602.0 FEET OF THE EAST HALF OF THE NORTHWEST QUARTER OF SAID SECTION, THENCE NORTH 87 DEGREES 31 MINUTES 04 SECONDS EAST ALONG SAID SOUTH LINE, A DISTANCE OF 149.38 FEET TO A POINT FROM PLACE OF BEGINNING, THENCE NORTH 00 DEGREES 08 MINUTES 26 SECONDS EAST A DISTANCE OF 95.00 FEET TO A POINT, THENCE NORTH 87 DEGREES 31 MINUTES 04 SECONDS EAST A DISTANCE OF 140.00 FEET TO A POINT ON THE EAST LINE OF THE WEST 75 ACRES OF THE EAST HALF OF THE NORTHWEST QUARTER OF SAID SECTION THENCE SOUTH 00 DEGREES 09 MINUTES 26 SECONDS WEST ALONG SAID EAST LINE TO A POINT ON THE SOUTH LINE OF THE NORTH 1602.0 FEET OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41, NORTH, .RANGE 10, AFOREMENTIONED, THENCE SOUTH 87 DEGREES 31 MINUTES 04 SECONDS WEST A DISTANCE OF 140.00 FEET TO THE POINT OF BEGINNING, ALL IN COOK COUNTY, ILLINOIS. PARCEL 6: THAT PART OF LOT 2 IN FIRST AMERICAN BANK SUBDIVISION, BEING A SUBDIVISION OF PART OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 10 EAST OF THE THIRD PRINCIPAL MERIDIAN DESCRIBED BY BEGINNING AT THE SOUTHWEST CORNER OF SAID LOT 2; THENCE NORTH 15.90 FEET ALONG THE WEST LINE OF SAID LOT 2; THENCE EAST PARALLEL WITH THE SOUTH LINE OF SAID LOT A DISTANCE OF 147.49 FEET; THENCE SOUTHEASTERLY A DISTANCE OF 24.71 FEET, MORE OR LESS, TO A POINT OF SAID SOUTH LINE WHICH IS 167.12 FEET EAST OF THE POINT OF BEGINNING; THENCE WEST ALONG SAID SOUTH LINE A DISTANCE OF 167.12 FEET TO THE PLACE OF BEGINNING, IN COOK COUNTY, ILLINOIS. PERMANENT INDEX NUMBERS: 07-36-101-117 07-36-101-022 07-36-101-023 07-36-101-024 07-36-101-025 35 DECLARATION OF COVENANTS AND RESTRICTIONS THIS DECLARATION is made by Emerald, Inc., an Illinois Corporation (hereinafter referred to as the "Developer") this 20th day of August, 2020. RECITALS: Developer is the holder of record title to the real "property legally described in Section 2.1 below. Developer is a Developer of single-family homes and Townhomes throughout the Chicago suburban area and is the Developer and General Contractor of the subject real property. The real property area which the Developer proposes to develop is herein referred to as "Maison du Val Townhomes". Developer intends to develop Maison du Val Townhomes into a community of "twnhomes", each townhouse being a single-family private residence erected on a separate Homesite with in an attractively landscaped Cominon Areas. Said towTlhouses are to be constructed in groups of four to six residences, such that each group constitutes a continuous structure with party walls dividing the residences within each group. Developer desires to provide for the preservation of the distinctive quality of Maison du Val Townhomes and for the maintenance of the Common Areas, including, but not limited to, private sidewalks, detention area and the road designated as Dakota Drive and the residences which will be constructed on the Ilomesites. For these purposes, Developer desires to subject the real property hereinafter described to the conditions, covenants, restrictions reservations, grants and easements herein set forth (all of which are hereinafter referred to collectively as the "Covenants and Restrictions"). The Developer has the right and power to assign its interests in this Development. If Developer assigns its interests in this Development, any Assignee shall be subject to al the terms of this Declaration. NOW, THEREFORE, Developer, for the purposes above set forth, hereby declares as follows; ARTICLE ONE Definitions For brevity and clarity, certain words and terms used in this Declaration are defined as follows: 1.1 Association: Maison du Val 'Fownhomes Home Owners Association, an Illinois not -for- profit -corporation, its successors and assigns. 1.2 Board: The Board of Directors of the Association, as constituted at any time and from time to time, in accordance with the applicable provisions of Section 9.3 hereof. 1.3 By -Laws -.The By -Laws of the Association. 1 A Common Areas: The whole of Maison du Val Townhomes except the Homesites which are created within Maison du Val Townhomes including the Detention Area as referenced on the flat of Subdivision of Maison du Val Townhomes. 1.5 Community Expenses: The expenses of administration (including management, security and professional services), maintenance, operation, repair, replacement, waste removal, landscaping, and snow removal of the Common Areas; the cost of additions, alterations, or improvements to the Common Areas; the cost: of insurance; the cost of any necessary utility expenses for the Common Areas and, if not separately metered, charged, or designated herein as a Residence Expense, the cost of water, waste removal and other necessary utility services to the Residences; any expenses designated as Community Expenses by this Declaration or the By -Laws; and any other expenses lawfully incurred by the Association for the common benefit of all the Owners. 1.6 Declaration: This instrument as amended or supplemented from time to time. 1.7 Developer: Emerald, Inc., an Illinois corporation, its successors and assigns. 1.8 Homesite: Any one of Lots 1 through 32, inclusive, of Maison du. Val Townhomes, subject to the Covenants and Restrictions, including the Residence to be constructed thereon. 1.9 Owner: A record owner, whether one or more persons, of fee simple title to any llomesite upon which a residence has been built, excluding those having an interest merely as security for the performance of an obligation. 1.10 Party Wail: A wall that is built as part of the original construction and placed on the boundary line, between Residences. 1.11 Person: A natural individual, corporation, partnership, trustee, or other legal entity capable of holding title to real property. 1.12 Property: All the land, property, and space comprising Maison du Val Townhomes as legally described in Section 2.1, all improvements and structures erected, constructed or contained therein or thereon, including Residences, and all easements, rights and appurtenances belonging thereto, and all fixtures and equipment intended for 2 the mutual, use, benefit or enjoyment of the Owners, hereby or hereafter subjected to the Covenants and Restrictions. 1.13 Residence: The single-family townhouse constructed on a separate l-lomesite, 1.14 Residence Expense: Any expense, other than a Community Expense, incurred by the Board which is to be charged to an Owner. A Residence Expense shall include, without limitation, the cost of any maintenance, repairs, or replacements or other services furnished by the Association to a Residence and any expenses which are specifically designated as Residence Expenses in this Declaration or the By-laws. 1.15 Rules and Regulations: The Rules and Regulations adopted from time to time by the Board governing Maison du Val Townhomes and the use of Maison du Val Townhomes by the Developer and by all other persons. 1.16 Townhouse: A single-family residence erected on a separate Ilomesite, constructed in groups of fbur or six residences separated by party walls. 1.17 Voting Member: The person entitled to membership in the Association and who shall be entitled to vote at meetings of the Association, as more fully set forth in Section 9.2 (b). ARTICLE TWO Property Subject to Covenants and Restrictions 2.1 Description of Maison du Val Townhomes. The real property to which this Declaration relates, and which is subject to the Covenants and Restrictions, is the property which Developer is developing, and said real property is legally described as follows: See Attached Exhibit "A" 2.2 Maison du Val Townhomes: Subject to Covenants and Restrictions. Maison du Val Townhomes is hereby made and declared to be subject to the conditions, covenants, restrictions, reservations, grants and easements outlined in this Declaration, and the sale, transfer, mortgage, conveyance, use or occupation of the Homesites and the Common Areas are and shall at all times hereafter be subject to the Covenants and Restrictions. I JP ARTICLE THREE General Purpose of Declaration 3.1 Statement of Purpose. The purpose of this Declaration of Covenants and Restrictions is to insure the use and development of Maison du Val Townhomes is consistent with the desire and intention of Developer to establish a residential community of high quality to protect the Owners of the Residences therein against any use of Maison du Val Townhomes, or any part of Maison du Val Townhomes, in a manner inappropriate to the fine residential community and incompatible with the proper enjoyment of such a community, to insure that the Common Areas within Maison du Val Townhomes are at all times carefully and efficiently maintained and the lawns, private sidewalks and open spaces within Maison du Val Townhomes are maintained and operated so they may be enjoyed and used with comfort and pleasure by the Owners of Residences within Maison du Val '1ownhomes. It is the purpose of this Declaration, in general, to provide that Maison du Val Townhomes will be so managed, maintained, and preserved so as to be regarded as a residential community of outstanding excellence. ARTICLE FOUR The Homesites and the Owners 4.1 Creation of Homesites. Iomesites will be created by the Developer within the Plat. These Homesites shall describe a lot and unit number, the legal description, and the boundary dimensions, which include the building structure only, and configuration. The areas in front of and to the rear of each unit shall be used by that unit owner, but shall remain as a limited common element and maintained by the Association. Said Plat of Subdivision shall also state that an easement for use is created in favor of each Homesite, from such Homesite over the roads constructed in the Common Areas and over the driveway which connects each Homesite to the private roads. 4.2 Designation of Homesite, Each Homesite may for all purposes, including, but without limitation, conveniences and mortgages, be identified and referred to as "I,ot Number , Unit Number " as described and delineated on the Maison du Val Plat of Subdivision, recorded in the Recorder's Office of Cook County, Illinois, on November 22, 2019, as document number 1932634074 (the appropriate I,ot and Unit number to be inserted). 4.3 Owner. By purchasing or otherwise acquiring a Homesite, each (honer agrees to be bound by all the Covenants and Restrictions contained in this Declaration. ARTICLE FIVE Restrictions 5.1 Land Use and Building Type, All Iomesites in Maison du Val 'Townhomes shall be used for single-family, private residence purposes only, and no building or structure other than a single- family private "townhouse" residence shall at any time be constructed or maintained on any Homesite within Maison du Val Townhomes including 11 by way of illustration and not by way of limitation, satellite dishes, sheds, dog houses, swimming pools, or other accessory buildings or structures. No regular business, trade, or occupation or profession of any kind or nature whatsoever, whether or not profit is intended, shall be permitted to be carried on in any Homesite. 5.2 Architectural Controls. No building, awning, porch, fence, wall or other structure shall be commenced, erected or maintained, nor shall any addition to, or change or alteration in, any of the foregoing be made, nor shall any exterior color changes be made, until the construction plans and specifications shall have been submitted to the Developer and approved by the Developer in writing (which approval may be withheld by Developer in its sole discretion and without a reason being expressed therefore) and also subject to the issuance of a Construction Permit from Ek Grove Village. 5.3 Landscaping; Controls. Initial landscaping shall be done by Developer, approved by Elk Grove Village, and changes in such landscaping shall be made by an Owner only with the prior approval of the Developer, the Association and Elk Grove Village. The Developer and the Association have the right, in making a judgment as to the giving or, withholding of approval of; plans and specifications submitted to the Developer and the Association, to consider the desirability of the proposed landscaping or grading, in relation to other landscaping and grading in Maison du Val Townhomes, and to consider the character and dualities of the residential development existing or being created within Maison du Val Townhomes. 5.4 Prohibition of Certain Activities and Other Matter. No activity shall be carried on which annoys or disturbs, or is likely to annoy or disturb, others in Maison du Val Townhomes. No livestock, poultry, or other creatures may be kept or maintained. The keeping of dogs, cats or other household pets is subject to the Rules and Regulations, and the Rules and Regulations may prohibit the keeping of pets anywhere within Maison du Val Townhomes. Refuse or waste material shall not be permitted to accumulate or be burned outside of Owner's residence. Boats, recreational vehicles and commercial vehicles shall not be stored or parked overnight on any Homesite within Maison du Val Townhomes nor elsewhere within the Common Areas except that they may be so stored within the garage on a Homesite so long as the garage doors are kept shut at all times. A `commercial vehicle" is any vehicle expressly constructed for use in a commercial activity of any kind, or which is identified by its general appearance, or by printing, or by symbols, or by like matters as being engaged in a commercial activity. 'Trailers, mobile homes, campers and similar vehicles are included within the prohibition against recreational vehicles. No tent, shack, garage, temporary building or structure of any kind shall be used at any time as either a temporary or permanent residence. No plants or seeds or other things or conditions, harboring or breeding or likely to attract noxious insects or creatures, or likely to be conducive to plant disease, shall be brought into or permitted to exist or to be maintained within Maison du Val Townhomes. No snowmobile, dune buggy, three- or four -wheeled off -road vehicles or similar motorized device may be operated anywhere within Maison du Val Townhoines. Violation of the foregoing restrictions shall entitle Developer and the Association to enforce the rights and remedies hereinafter specified, whether or not said violation constitutes a nuisance. 5 5.5 Nameplates, Antennae, Lighting, and Other Such Platters. There shall be no more than one nameplate on each Homesite. Style, size and location of nameplates shall be prescribed by the Rules and Regulations of the Association. No television or radio antennae (including satellite dishes of all kinds), tower, or other receiving or transmitting device shall be erected outdoors, nor shall laundry be dried outdoors. No newspapers, paper or other temporary window coverings may be used to cover the windows in any Residence. 5.6 Signs. No signs may be placed on any Homesite, including, but not limited to, "For Sale" or "For Lease" signs. The Developer shall not be bound by the provisions of this paragraph 5.6. Until such time as Developer sells the last Homesite owned by it, Developer shall have the exclusive right to control the erection of signs on the Property. 5.7 Covenants and Restrictions .Running With Land. The covenants and restrictions created by this Declaration run with the land both as to burden and benefit, and every conveyance or other instrument affecting Maison du Val Townhomes shall be deemed subject to these Covenants and Restrictions and bound thereby as fully and as firmly as if the Covenants and Restrictions were fully set forth in said conveyance or other instrument. 5.8 Decks and Patios. All decks and patios for each homesite shall be 10 feet by 1.6 feet. The maximum allowable size for a deck or patio is 10 by 16 feet, and that future expansion of the original 160 square foot decks or patios shall not be permitted without Plan Commission approval or an amendment to the Final PUD Plan, after a formal request is made to the Maison du Val Townhomes' Association. 5.9 Accessory Structures. Accessory structures such as sheds, pools and individual yard fences (except deck privacy screens as constructed by the builder and the development's perimeter fence) are not pennitted within the common areas of the development. ARTICLE SIX Use of the Common Areas and Limited Common Areas 6.1 Use of Common Areas by Owners. The Owners, their families, guests and invitees have the right to use the Common Areas. Use of the Common Areas shall be subject to the Rules and Regulations, which may be amended from time to time by the Developer or the Association. 6.2 Use of Limited Common Areas by the Owners. The Owners, their families, guests and invitees have the right to use the Limited Common Areas in front of and to the rear of each building unit. The Association and the Developer, their agents, employees, and invitees also have the right to use the Limited Common Areas, for the purpose of upkeep and maintenance, including, but not limited to painting, lawn and rol shrubbery upkeep and snow removal.. Use of the Limited Common Areas shall be subject to the Rules and Regulations, which may be amended from time to time by the Developer or the Association. 6.3 Use of Common Areas. No use of the Common Areas and Limited Common Areas shall be made by any person, whether Owner or otherwise, which does not comply with, and conform to, the requirements of this Declaration and the Rules and Regulations. 6.4 Use of Detention Area. The Owners shall have right to use the Detention Area for recreational purposes, subject to such restrictions as the Association Board have published in the Rules and Regulations. The Owners and the Association shall have the exclusive right to maintain the Detention Area. ARTICLE SEVEN Easements 7.1 Encroachments. In the event that, by reason of the initial design, construction, repair, reconstruction, settlement or shifting of the Property or any part thereof, (i) any part of the Common Areas or Limited Common Areas encroaches; or shall hereafter encroach, upon any, part of any Homesite, or (ii) any part of any Homesite (including, but not limited to, fireplaces, bay, bow or box windows, and window wells) encroaches, or shall hereafter encroach, upon any part of the other Homesite or the Common Areas, then, in any such case, there shall be deemed to be an easement in favor of the Developer for the maintenance and use of any of the Common Areas which may encroach upon a Homesite and there shall be deemed to be an easement in favor of any Owner for the exclusive use of any part of his Homesite which shall encroach upon the Common Areas or any other Homesite; provided, however, that in no event shall an easement for any encroachment be created in favor of any Owner if such encroachment occurred due to the intentional, `willful or negligent conduct of such Owner or his agent. 7.2 Easements Reserved by Developer. Notwithstanding any provision herein to the contrary, until such time as the Developer is no longer vested with or controls title to any part of Maison du Val Townhomes, the Developer and its agents and contractors shall have the right (a) to place and maintain on the Property model residences, sales offices, advertising signs, parking spaces and lighting in connection therewith, at such locations and in such forms as the Developer may determine, in its discretion, to be used by the Developer in connection with the promotion, sale, or lease of the Residences or of the Residences constructed or to be constructed on any part of Maison du Val Townhomes, (b) to come over, across and upon the Property for the purpose of making alterations or improvements to the Residences, Fomesites or Common Areas, and (c) to store on the Common Areas equipment and materials used in connection with such work on the Residences, Homesites or Common Areas, all without the payment of any fee or charge whatsoever. 7.3 Perpetual Easements. Perpetual easements are hereby established in the Common Areas for the use and enjoyment of said area by all Owners, their families, guests, invitees and others where a right to use or enjoy the Common Areas is derived from the Owner. Each Owner, and all persons whose rights are derived from the Owner, has an easement to freely make all reasonable and proper use of the Common Areas subject to the terms of this Declaration and to the Rules and Regulations promulgated pursuant hereto. 7.4 Perpetual Easement in Gross to Association. The Common Areas and Limited Common Areas shall be subject to a perpetual easement in gross to the Association for the purpose of enabling and permitting the Association properly to perform its duties and responsibilities. The Association further has a perpetual easement in gross to enter upon a Homesite where reasonably necessary, in the judgment of the Association, for the purpose of properly performing or executing a duty or responsibility of the Association in respect of other Owner, or of the Owner generally, or of the Common Areas. Without limiting the above easement in gross, the Association has a perpetual easement in the Common Areas and the Homesites for the purpose of maintaining the shores of all retention ponds and installing, repairing, maintaining, and testing the lawn sprinkler system, the exterior lighting system, the aerator system and shores of all retention ponds, and the fire protection security system, along with any other systems which the Association has the duty or responsibility to operate or maintain, for the benefit of the Owners or the Association. The Developer also has an easement in gross to enter upon a Homesite where reasonably necessary in the judgment of the Developer for the purpose of enabling and permitting Developer properly to perform its duties and Responsibilities as Developer. Developer further has an easement in gross to enter upon a I-lomesite where reasonably necessary in the judgment of Developer for the purpose of properly performing or executing a duty or responsibility of Developer in respect of other Owners, or of the Developer generally, or of the Common Areas. 7.5 Easements for Public Utilities, Sanitary and Storm Sewers. Developer initially, and the Association thereafter, has the right to establish easements over portions of Maison du Val Townhomes for sanitary and storm sewers and for all other public utility purposes including electricity, gas, water, cable television, internet access and telephones, and Developer and the Association have the concomitant right, in connection with such grants of easements, to grant the right and power to do all things necessary or appropriate in connection with said grant of easements, including, but without limitation, the right of maintenance, repair and replacement. Developer and the Association are fully authorized and empowered to execute and deliver any and all documents necessary to implement these provisions, and the Developer shall be deemed to have approved and confirmed such documents, and to be bound thereby. 7.6 Easements: How Created. Easements for all public utility or other purposes, including, but without limitation, electricity, gas, water, cable television, security, and telephone, shall be initially created by the recording in the Recorder's Office of Cook County. Illinois, of the Plat of Subdivision of Maison du Val Town.h.om.es and, if necessary, individual Grants of Easements to which shall be appended Plats of Easements showing the location of the easements being initially created. Thereafter, easements for public utilities shall be created by the recording of separate Plats of Easements, each of which shall show the location, within the Common Areas and within any Homesites, covered by such subsequent Plats of Easements, of the easements being newly created. The utility easements created by the Cling of Plats of Easements shall be deemed to have been created upon and subject to, all of the terms and conditions of the Plat of Subdivision of Maison du Val Townhomes and initial Grants of Easements to the respective, utilities or services, so that upon the recording of a Plat of Easements subsequent to the recording of the Plat of Subdivision of Maison du Val Townhomes or an initial Grant of Easements, each utility or service company shall forthwith have all the rights, powers and obligations contained, in said Plat of Subdivision of Maison du Val Townhomes or the initial Grant of Easements, as fully and as effectively as if all the terms of said Grant of Easements were contained within the subsequently recorded Plat of Easements. 7.7 Easement Within Common Areas and Limited Common Areas. At any time prior to the sale of a Homesite by Developer, Developer has the right to create, for public utility and other Common Areas purposes, an easement strip within, and adjacent to, one or more sides of such Homesite. 7.8 Easement: Homesite to Public Streets. An easement for ingress and egress to public streets shall exist over the driveways and walks which connect the Homesites to the pubic road of Maison du Val Townhomes in favor of the Owners, their families, guests, invitees and others whose right of use is derived from the Owners, and in favor of the Developer and the Association. An area for the public road and for utility easements (in addition to the utility easements hereinabove provided for), and for other purposes, not inconsistent with such uses, is created and shall exist, as shown on the Plat of Subdivision of Maison du Val Townhomes. 7.9 Easement to Fire and Police Departments. Fire and police departments serving Maison du Val Townhomes, and cooperating fire and police departments, are hereby given an easement to enter upon and make such use of so much of Maison du Val Townhomes itself as is necessary for the customary and proper performance and discharge of their duties. 7.10 Perpetual Easement to Village of Elk Grove. The Village shall have a perpetual easement of ingress and egress to and from the Common Areas for purposes of inspection, maintenance and repair (as outlined in section 10.3) of the stormwater detention facility located in the Common Area on the Plat of Subdivision of Maison du Val Townhomes. 9 ARTICLE EIGHT Par • Valls 8.1 Owner's Rights and Obligations. Each of the Owners immediately adjacent to a party wall shall have the obligations and be entitled to the rights and privileges granted herein and, to the extent not inconsistent herewith, the general rules of law regarding party walls. If any party wall is damaged or destroyed through the act or acts of an adjoining Owner, or his agents, servants, guests, or members of his family, whether such act is willful, negligent or accidental, such Owner shall rebuild or repair the wall to as good a condition as formerly without cost to the other adjoining Owner. Any parry wall damaged or destroyed by some act or event other than that produced by one of the adjacent Owner, his agents, servants, guests or family, shall be rebuilt or repaired by both adjoining Owner to the same good condition as formerly, at their joint and equal expense, as promptly as reasonably possible. 8.2 Disputes Regarding Party Walls. In the event of a disagreement between Owners of adjoining Residences with respect to the repair, reconstruction or maintenance of' a party wall or with respect to his share in the cost of repairing, rebuilding or maintaining the same, then upon the written request of either of said Owner to Developer or the Association, or its successor or assign, the matter shall be submitted to it for arbitration under such rules as it may from time to time adopt, provided, however, that if no such rules are adopted or it refuses to act, then the matter shall be submitted to three arbitrators, one chosen by each of the Owners, and the third arbitrator shall be chosen by the other two arbitrators. A determination of the matter signed by any two of the three arbitrators shall be binding upon all persons. 8.3 Private Agreements. No private agreement of any adjoining property Owner shall modify or abrogate any of the provisions contained in Article Eight, which shall be binding upon the heirs, administrators, successors and assigns of the Owner. No person shall be liable for any act or omission respecting the provisions of this Article except such as took place while such person was an Owner. ARTICLE NINE Maison du Val Townhomes Homeowners' Association 9.1 The Association. Maison du Val Townhomes Homeowners' Association has been or shall be organized under the general Illinois not -for -profit -corporation act, so that the corporation will be enabled to function under this Declaration. The Association shall be the governing body for all of the Owners and for the administration and operation of Maison du Val Townhomes as provided in this Declaration, and the By -Laws. 9.2 Membership. (a) There shall be only one class of membership in the Association, The Owner of each Homesite shall be a member of the Association, but there 10 shall be only one member per Homesite. Membership shall be appurtenant to and may not be separated from Ownership of a Homesite. Ownership of a Homesite shall be the sole qualification for membership. The Association shall. be given written notice of the change of Ownership of a Homesite within ten days after such change. (b) One individual shall be designated as the "Voting Member' for each Homesite. The Voting Member, or his proxy, shall be the individual who shall be entitled to vote at meetings of the Owners. If the record Ownership of a Homesite shall be in more than one person, or if an Owner is a trustee, corporation, partnership or other legal entity, then the Voting Member for the Homesite shall be designated by such Owner or Owners in writing to the Board and, if in the case of multiple individual Owners no designation is given, then the Board, at its election, may recognize an individual Owner of the Homesite as the Voting Member for such Homesite. 9.3 Election of a Board. When Developer notifies the Owners that Developer is ready to convey the fee simple title of the Common Areas to the Association, the Owners shall elect a Board. If in the judgment of Developer, the Owners fail to elect an initial Board after notice authorizing such election has been given by Developer, then the Developer shall have the right to designate, in its discretion, any three of the Owners as an initial Board. A director shall serve for one year, and thereafter until his successor is elected. 9.4 Management and Control by Board. The Board may retain all responsibility and authority for the day-to-day management and control of the Common Areas. The Board has the right, but no obligation, to vest all of its responsibility and authority for day-to-day management and control of the Common Areas in a manager to be employed by the Board, and, if a manager is so employed, he shall be subject to the authority of the Board. The manager shall execute the policies and decisions of the Board, and the manager shall enforce their Rules and Regulations. The power and authority of the manager shall be coextensive with that of the Board but shall be subject and subordinate to the Board. 9.5 Adoption of Rules and Regulations. The Board may from time to time adopt rules and regulations governing the Common Areas and use of the Common Areas by the Owners and by all other persons. Developer shall have the right to adopt Rules and Regulations prior to their adoption by the first Board. All users of the Common Areas and all use of the Common Areas shall comply with the Rules and Regulations, and no use shall be made of the Common Areas by any person, which does not comply with the Rules and Regulations. Although the Rules and Regulations shall apply to, and be effective throughout, Maison du Val Towiihomes, including the Homesites located therein, the rights, powers and duties of the Board shall be primarily concerned with the Common Areas, and the primary responsibility of the Board is the management and the operation of the Common Areas. I.n all matters relating to enforcement and implementation of the Rules and Regulations, the Board may act through its manager. The Rules and Regulations to be adopted by the Board in respect of the Common Areas and Homesites may cover, among other things and without limitation, matters pertaining to use, admission of guests, pets, discipline and disciplinary measures against violators of said Rules and Regulations. 9.6 Vacancies, Compensation and Other Matters. The Board shall receive no compensation for its, services. A vacancy in the Board, whatever the reason for the vacancy, shall be filled by vote of the remaining members of the Board. If there are two or more vacancies in the Board, the vacancies shall be filled by majority vote of the Owners at a special meeting called for that purpose. The Board shall act by majority vote of those present at its meetings when a quorum is present. The Board shall meet as often as it deems necessary for the proper performance of its duties. 9.7 Officers of the Board of Directors. The Board shall elect from among its members a President and a Secretary -Treasurer, Each officer shall perform the duties which commonly attach to the office held. 9.8 Meetings of the Owners. Ny'hen development of Maison du Val Townhomes has been completed by Developer and Developer is prepared to transfer and assign all of Developer's rights, powers and obligations to the Association, Developer shall give due notice of said completion to the Owners, and shall give Owners not less than 15 days' notice of a meeting to be held by the Developer at a place to be designated by Developer in Cook County at which, by majority vote of all Owners present at said meeting, the Owners shall elect the Board hereinabove referred to. Thereafter. the Owners shall meet annually for the purpose of electing Directors at a place to be designated by the Board in Cook County. The first annual meeting of the Owners shall be held one year, as early as practicable, after the date of the first meeting of the Developer, and subsequent meetings shall be held at yearly intervals thereafter. 9.9 Meetings of the Board. The Board shall meet annually promptly after the annual meeting of Developer at a place to be designated by the Board in Cook County for the purpose of electing officers and transacting any other business which may properly come before the annual meeting. In addition to the said annual meeting, the Board may hold special meetings when business before the Board makes it necessary. Special meetings of the Board shall also be held on the written request of Sixteen of the Owners, delivered to the Board. The request of the Owners shall stage the purpose of the special meeting, for which a request has been made, and in response to a proper request by one- third of the Owners, the Board shall set a suitable date for a special meeting and shall give not less than ten days' notice to each Owner, of the date, time and place of the special meeting. ARTICLE TEN Rights, Powers and Obligations of Association 10.1 Rights, Powers and Obligations of the Association. For the benefit of all the Owners, the Association shall have all powers relating to the maintenance, repair, 12 improvement, management, and operation of the Property including, but not limited to, the power set forth in this Article Ten, and all the rights and powers possessed by Owners under the terms of this Declaration. The power of the Association shall include the power to acquire and pay out funds as hereinafter provided, for the following Community Expenses and/or Residence Expenses: (a) Management services. (b) Security services (if any), including security personnel, and operation and maintenance of a gatehouse and a central security signal receiving systems and other security arrangements or devices (if any). (c) eater, waste removal, if any, operating expenses, electricity, telephone and other necessary utility services for the Common Areas. (d) Comprehensive public liability and property damage insurance in such limits as the Association shall deem desirable, insuring the Association itself, its manager, if any, agents and employees, including the Directors personally, the Developer and the Owners, its agents and employees, from any liability in connection with the Common Areas or the streets, retention ponds, sidewalks and public spaces adjoining the Common Areas. Such insurance coverage shall also cover cross liability claims of one insured against another. The insurance coverage provided for Developer, its agents and. employees, shall continue in force and effect only until the time of the transfer by Developer to the Association of all of the rights, powers and obligations of Developer, and said coverage may then be canceled. (e) Work-men's compensation insurance as may be necessary to comply with applicable laws and such other forms of insurance as the Association in its judgment shall elect to effect. (f) General real estate taxes, assessments or other charges of governmental bodies against the Common Areas (hereinafter referred to as "taxes"). (g) The services of any person or firm employed by the Association. The Association may employ the service of any person or firm to act on behalf of the Owners in connection with real estate taxes and special assessments, and in connection with any other matter where the respective interests of the Owners are deemed by the Association to be similar and non -adverse to each other. (h) Landscaping, gardening, snow removal, painting, cleaning, tuck pointing, maintenance, decorating, repair and replacement in the Common Areas, and acquisition of such furnishing and equipment for the Common Areas as the Association shall determine are necessary and proper, and the Association shall have the exclusive right and duty to acquire the same for the Common Areas, including, but not limited to, the bikepath/multi-use path. 13 (i) In respect of Homesites, (i) maintenance of landscaping initially done by Developer and landscaping done by Owner on his Homesite for which Association has in writing accepted responsibility, (ii) snow removal from driveways, (iii) maintenance and repair of exterior of residences, including, but not limited to, the roof, exterior walls, soffits, trim, and chimney. 0) Maintenance and repair of Homesite walks and driveways in behalf of the Developer, but each Owner shall be separately assessed by the Association for the separate expense thereof allocable to a Homesite. Such assessments shall be governed by the provisions set forth in Article Twelve relating to assessments generally, except that the statement covering the cost of walk and driveway maintenance and repair shall be paid promptly upon presentation to the Owner for whom the work was done. (k) Any other materials, supplies, equipment, labor, services, maintenance, repairs.. structural alterations or assessments, tax or otherwise, which the Association is required to secure, or pay for pursuant to the terms of this Declaration or the By -Laws or which, in its opinion, shall be necessary or proper for the maintenance and operation of the Common Areas or for the implementation of this Declaration.. (1) Any amount necessary to pay for or discharge any mechanic's lien or other encumbrance levied against the entire Common Areas or any part thereof which may, in the opinion of the Association, constitute a lien against the Common Areas, rather than merely against the interests therein of particular Developer. (m) All funds collected hereunder shall be held and expended for the purposes designated herein. 10.2 Alterations and Improvements of Common Areas. The Association shall have the right to make or cause to be made alterations and improvements to the Common Areas. The costs of such alterations and improvements shall be assessed as Community Expenses in the manner hereinafter set forth. 10.3 Failure of Association Maintain Common Area Improvements. The Association shall perform all maintenance, repairs and replacements of facilities in the Common Areas. Neither the Association nor Developer shall conduct any activities; which would adversely affect the functioning of the Common Areas. In the event the Association or Developer (i) shall fail or refuse to maintain the Common Areas in a good state of repair (ii) or shall fail or refuse to maintain the Common Areas in compliance with all applicable ordinances and codes of the Village of Elk Grove, the Village shall notify the Association by mail of the remedial work to be done. If the Association or the Developer shall not have accomplished the remedial work within sixty (60) days of the date of such mailing, then the Village shall have the right, but not the duty, to go onto the Common Areas and perform the necessary remedial work relative to functioning, 14 maintenance and repair of said Common Areas, charging the Association the cost of remedial work done by it. if the Association shall fail or refuse to pay such cost, the Village shall have the right to record a lien against the lots comprising the Maison du Val Townhomes Subdivision and shall be entitled to interest from the Developer of the said lots from the date of recording of the lien at the maximum rate of interest per annum allowable by law on the balance remaining from time -to -time unpaid. The failure of the Village to notify the Association or perform the remedial work as hereinabove provided shall not be deemed a waiver of its right to perform such remedial work pursuant to notice at other times nor as to such other rights the Village may have hereunder. 10.4 Books and Records. The Association, through its Members, shall keep complete and correct books of account of the receipts and expenditures relating to the Common Areas, specifying and itemizing the maintenance and repair expenses of the Common Areas and any other expenses incurred. Such records and vouchers authorizing the payments shall be available for inspection by any fawner or any representative of an Owner duly authorized in writing, at such reasonable time or at times during normal business hours as may be requested by the fawner. Upon ten days' notice to the Association and payment of a reasonable fee, any Owner shall be furnished a statement of his account setting forth the amount of any unpaid assessment or other charges due and owing from such Owner for Community and/or residence Expenses. 10.5 Employment of Professional Management. The administrative duties of the Board may be performed by a Manager (which may be a professional management firm) employed by the Association, and the Association has the right to pay reasonable compensation to a Manager so employed. The Developer has the right, but not the obligation, on behalf of the Owners, to engage the initial Manager and to enter into a contract with said Manager expiring not later than one year after the completion of the development of Maison du Val Townhomes. 10.6 Execution of Agreements, Contracts, etc. All agreements, contracts, deeds, leases, vouchers for payment of expenditures, and other instruments shall be signed by the authorized officers of the Board, its Manager, or by such other persons and in such manner, as from time to time may be determined by the Association. 10.7 INTENTIONALLY OMITTED. 10.8 No Business Activity. Nothing in the Declaration shall be construed to give the Association authority to conduct a business for profit on the Common Areas or any part hereof. 10.9 Non -Liability of the Board. The Board and Developer shall not be personally liable to the Owners or to any others for any mistake in judgment or for any acts or omissions made in good faith. The Owners shall indemnify and hold harmless each member of the Board and the Developer against all contractual liability to others arising out of contracts made by the Board or the Developer on behalf of the Owners unless any such contract shall have been made in bad faith or in violation of the 15 provisions of this Declaration. The liability of the Developer based upon a contract made by the Board or by Developer, or based upon Owners' agreement to indemnify and hold harmless, shall be several, and not joint, and no Owner shall be liable for more than his equal proportionate share of any such contract or indemnity liability. Even agreement made by the Board or Developer shall provide that the Board or the Developer, as the case `may' be, are acting only as agents for and on behalf of the Owners and shall have no personal liability thereunder (except as Developer), and that each Owner's liability thereunder shall be several, and not joint, and shall not exceed the Owner's equal proportionate share of such contract liability. The indemnity herein provided for shall extend to and be operative in favor of the Manager and all other agents and employees of the Association and the Developer. 10.10 Delegation of Power. The maintenance, repair, improvement, management and operation of the Common Areas shall be the responsibility of the Association, but the Association has the right to delegate to the Manager or others such authority and duties as may be granted and imposed upon the Board by this Declaration. 10.1.1 Funds and Titles for the Developer. All funds and all properties acquired by the Association, and the proceeds thereof shall belong to the Owners and shall be held for the benefit of the Owners subject to this Declaration for the purposes herein stated. ARTICLE ELEVEN Conveyance ofT tle by Developer to Association 11.1 Developer's Rights, Powers and Obligations Prior to Transfer to Association. Until 75% of the Homesites shall have been sold and development of Maison du Val Towmhomes has been completed by Developer, all of the rights, powers and obligations ♦vhich by this Declaration are to be vested in the Association shall be deemed vested in and possessed by Developer. 11.2 Transfer of Rights, Powers and Obligations by Developer to Association. When Developer has completed 75% of the development of Maison du Val Townhomes, it shall transfer and assign to the Association all of its rights, powers, and obligations under this Declaration. 11.3 Transfer of Title to Common Areas to Association. (a) Until the title in the Common Areas is conveyed to Association, Developer solely shall hold the fee simple title in the Common Areas, subject to the right of use by the Developer hereinabove provided for in Article Six. (b) Concurrently with said transfer by Developer to the Association, the legal title of Developer in the Common Areas shall be conveyed to the Association, and thereupon the Association solely shall possess fee simple title in the Common Areas. 16 (c) Concurrently withthe transfer of Developer's rights, powers and obligations to the Association, the exclusive interest of the Developer in the Common Areas shall cease and terminate. 11.4 Rights and Powers Reserved by Developer. Prior to the Developer's completion of Maison du Val Townhomes and Developer's transfer of its rights, pourers and obligations to the Association, Developer shall have the right and power to erect and maintain advertising signs and to use and employ on Maison du Val Townhomes other sales devices and arrangements, all to be in good taste and consistent with the duality and character of the development, for the purpose of advertising Homesites and Residences in Maison du Val Townhomes. Developer shall have the further right and power to maintain, for the aforesaid period, sales, business and construction offices on the Property, up to four (4) model Residences, and to complete construction of the buildings and improvements on the Property and development of the entire Maison du Val Townhomes. The construction of buildings and improvements by Developer in accordance with this Article shall be deemed fully authorized and empowered until development of Maison du Val Townhomes has been completed and Developer has transferred and assigned all its rights, powers and obligations to the Association. Developer shall be exempt from the payment of all assessments due under Article Twelve of this Declaration during the period Residences are used by Developer as model Residences or during the period any Residence owned by the Developer remains unsold and unoccupied. 11.5 Developer's Successors and Assigns. Developer's successors and assigns shall have, without limitation, qualification or exception, all the rights, powers and authority of Developer itself. 11.6 Common Areas Improvements: Developer's Warranty. Developer warrants all improvements constructed by Developer in the Common Areas to be free from defects in workmanship and materials. Said warranty shall be etTective for twelve months from the date as of which the improvement is ready for use or occupancy. During said twelve-month warranty period, all repairs required by reason of defects in workmanship or materials shall be made by Developer at its own expense, without charge to the Owners. After the expiration of the warranty period, all repair expense on Common Areas improvements shall be borne by Owners. ARTICLE TWELVE Assessments 12.1 Assessments for Taxes and Maintenance Prior to Transfer to Association. All taxes, expenses for maintenance and operation of the Common Areas and for the services hereinabove specified, performed upon Homesite, shall be paid by assessments upon the Owners. Until Developer transfers its rights, powers and obligations to the Association, assessments for maintenance and operation shall be levied 17 by Developer on a p d an quarterly basis aid by the Owners. The assessment for I maintenance and operation shall be subject to periodic adjustment, upward or downward, each such adjustment to be based upon the estimate then made by Developer of the expense of managing and operating the Common Areas during the period for which the estimate has been made. The term "maintenance and operation" of the Common Areas includes, but without limitation, all of the matters set forth in Article Ten in respect of which the Association (and Developer prior to transfer to the Association) are stated to have rights, powers, and obligations. 12.2 Transfer by Developer of Maintenance Reserves. When Developer is preparing to transfer its rights, powers, and obligations to the Association, Developer will, as soon as practicable, deliver to the Association a statement prepared the Developer showing the amount by which aggregate assessments received by Developer from the Owners exceeded, or are less than, the aggregate expense of maintaining and operating the Common Areas up to date of the transfer. If the statement shows a surplus, Developer shall within thirty days of receipt of the statement pay that surplus to the Association. If the statement shows a deficiency, then Association will pay the amount of that deficiency to the Developer. After the date of the transfer and assignment to the Association of Developer's rights, powers and obligations, Developer shall have no further liability or obligation in respect of any costs or expenses of the Common Areas. Thereafter, all assessments for taxes, maintenance and operations shall be made as provided for in the following sections of this Article Twelve, 12.3 Estimate and Assessment of Maintenance Costs by Association. After Developer has transferred its rights, powers, and obligations to the Association, payment by Developer for maintenance and operating expenses shall continue to be paid quarterly in the same amount as prior to the transfer, until the Developer are notified by the Association of a change in the amount of the assessments. (a) As soon as practicable after the aforesaid transfer by Developer to Association, the Association shall prepare an estimate of the taxes, maintenance and operating expenses for the Association's initial fiscal year, beginning on the first day of the calendar month which immediately follows the expiration of a period not less than thirty days from the date or the preparation of the estimate by the Association. (b) After the Association has approved the said estimate, the Developer shall be promptly given written notice of said estimate, with reasonable supporting data, and a statement of the quarterly payment for taxes, maintenance and operating expenses to be made by each Owner on the first day of each quarter of said initial fiscal year, and each Owner shall thereupon make payments in accordance with said statement, (c) Thereafter, not less than thirty days prior to the beginning of each fiscal year after the initial fiscal year, the Association shall prepare and approve an estimate of taxes, maintenance and operating expenses for the coming fiscal 18 year, with reasonable supporting data, and the Association shall promptly give each Owner written notice of said estimate, and a statement of the quarterly payment of taxes, maintenance and operating expenses to be made by each. Owner on the first day of each quarter of the fiscal year for which the estimate was made, and each Owner shall thereafter make payments in accordance with said statement. (d) Within ninety days after the beginning of each fiscal year after the initial fiscal year, the Association shall prepare an itemized accounting of taxes, maintenance and operating expenses actually incurred and paid for the preceding fiscal year, together with a tabulation of the amounts collected pursuant to assessment of the Owners, and showing the net amount over or tinder the actual expenditures, plus reserves: provided, that in the fiscal year which immediately follows the initial fiscal year, the aforesaid data to be delivered to the Association shall cover the fiscal period from the date of the transfer by Developer to the Association, to the end of said initial fiscal year. Any amount accumulated in excess of the amount, required for actual expenses and reserves may be placed in a special reserve to apply against cash requirements for the following year and any net shortage may be assessed equally among the Owners. 12.4 Reserves for contingencies. The Association may build up and maintain reasonable reserves for contingencies and replacements. Extraordinary expenditures not originally included in the annual estimate, which may become necessary during the year, shall be charged first against such reserves. If the estimated cash reserve is inadequate for any reason, including nonpayment of any assessment, the Board has the right to levy an additional assessment to cure the deficiency. The Association shall serve notice of such additional assessment on the Owners by a statement in writing giving the amount and reason therefore, and such additional assessment shall be paid as directed by the Association. Each Owner, jointly and severally, shall be personally liable for and obligated to pay his respective adjusted monthly assessment. . 12.5 Failure of Association to Serve Estimate. The failure or delay of the Association to approve or distribute the annual estimate or the adjusted estimate shall in no way constitute a waiver or release in any respect or in any degree of the obligation of each Owner to pay the maintenance assessments herein provided for, whenever the same shall be determined, and if timely distribution of an estimate is not made by the Association, the Developer shall continue to pay the then existing monthly assessment, until the new or adjusted estimate shall have been distributed by the Association. 12.6 Assessment Roll. The assessments against the Owners shall be set forth upon a roll which shall be available for inspection on request at all reasonable times by the Developer or their duly authorized agent. Said assessment roll shall show all assessments made and their purposes, and shall show further the amounts of all assessments paid and all assessments unpaid. 12.7 Owner and Grantee: Liability and Assessments. Each Owner and his grantee shall be jointly and severally liable for all unpaid assessments due and payable at 19 the time of conveyance but without prejudice to the rights, if any, of a grantee to recover from the grantor the amounts paid by the grantee in respect of such assessments. A waiver of the use or enjoyment of the Common Areas shall not avoid such liability, by a claim of nonuse, or by abandonment or surrender of the Homesite in respect of which liability for the assessment was made. 12.8 Allocation of Assessment Liability Among Owners. Except as specifically provided for hereunder to the contrary, all taxes and expenses in connection with maintenance, improvement, management and operation of the Homesites or Common Areas, herein sometimes referred to as "Maintenance Expense". shall be borne in equal shares by all the Owners. Each Owner agrees to become liable for and to pay all assessments herein provided for. 12.9 Lien for Assessments. (a) If an Owner fails to pay an assessment or portion thereof for which he is liable, then the Association shall have a lien, effective as of the date on which payment was due, on such Owner's Homesite for the purpose of securing the obligation of the Owner in respect of said unpaid assessment or portion thereof, provided, the lien hereby created in favor of the Association shall be subject and subordinate to the lien of any mortgage or trust deed on such Homesite made by a bank or insurance company or savings and loan association or other lender, except in respect of assessments on the mortgaged I-lomesite which becomes due and payable subsequent to the date on which. the mortgagee, after default, takes possession of the Homesite, or accepts a conveyance of the Owner's interest therein or has a receiver appointed in proceedings to foreclose the mortgage lien, and in respect of assessments subsequent to the mortgagee's possession or acceptance of a conveyance, or appointment of a receiver, the lien of the Association shall have priority over the defaulted mortgage. (b) In addition to the lien for unpaid assessments or any portion thereof in favor of the Association, provided for herein, the Association shall have a lien on all tangible personal property located in, on or about the Ilomesite, except that such Association's lien shall be subject and subordinate to prior bona fade liens of record. 12.10 Payment of Assessments: Interest. Assessments and installments thereof paid on or before ten days after their due date shall not bear interest, but all sums not paid on or before twenty days after the date when due shall, when so directed by the Association, bear interest at a rate determined from time to time by the Board but not higher than the highest legal rate payable by individuals in Illinois, from the date when due until date of payment. All payments on account shall be applied first to interest and next to the principal of the assessment, which was first due and owing. 12.11 Rights of Association on Default. If an Owner is in default in the monthly payment of the aforesaid assessments or expenses for thirty days or more, the 20 Association may bring suit to foreclose the lien in favor of the Association hereinabove provided for, or may bring suit to enforce collection of the unpaid assessment, and for the recovery of all costs, fees and expenses incurred by reason of said default, including, but not limited to, interest as hereinabove provided and reasonable attorneys' fees in an amount to be fixed by the court. The lien hereby created may be foreclosed by an action. brought in the name of the Association and shall be maintained as in the case of foreclosure of any mortgage or other equitable lien against real estate provided; however, that, as herein provided, a mortgage on a Homesite shall be subject and subordinate to the lien in favor of the Association hereby provided for, only in respect of assessments on the mortgaged Homesite which become due and payable subsequent to the date the owner or holder of said mortgage either takes possession of the Homesite, or has a receiver appointed in a suit to foreclose the mortgage lien. Any mortgagee of a Homesite has the right from time to time and upon payment of a reasonable fee to request in writing a written statement from the Association showing the condition of the assessment account of the Owner of the mortgaged Homesite, and showing all unpaid items in respect of which the Association is given lien rights hereunder. 12.12 Lien Rights of Developer. Until Developer's transfer and assignment of its rights, powers and obligations to the Association, all of the lien rights and other rights herein provided for in favor of the Association, shall be possessed by the Developer as fully and as effectively in every respect without diminution of any kind, as said lien rights are to be possessed by the Association itself. 12.13 Contribution to Reserve -Initial Purchasers. Each purchaser of a Townhome shall pay an amount equal to $750 to the Association to create an initial reserve. 12.14 Initial Assessment Paid Quarterly. The initial Assessments, until changed by either the Deveoper or the Association, shall be $250 due at the beginning of each calender quarter, regardless of the date of a Townhome's acquisition. ARTICLE THIRTEEN Insurance 13.1 Insurance Coverage. The Association shall obtain insurance in respect of Maison du Val Townhomes pursuant to this Article Thirteen. (a) The Association shall obtain comprehensive general liability insurance for bodily injury, property damage, and personal injury- at limits no less than a combined single limit of $1,000,000, covering ownership, maintenance, or use of the Common Areas, the Homesites and other areas within or outside Maison du Val Townhomes necessary and incidental thereto. (b) Such workmen's compensation insurance as is required by law and employer's liability insurance as the Association shall deem desirable. 21 (c) Such other insurance in such reasonable amounts as the Association shall deem necessary. 13.2 Premiums as Community Expenses. The premiums for the above - described insurance shall be included in the expenses of maintaining the Common Areas and shall be paid by the Association. 13.3 Policies. (a) All insurance, provided for in this Article shall be effected under valid and enforceable policies issued by insurers of recognized responsibility authorized to do business in the State of Illinois. (b) All policies of insurance of the character described in paragraphs (a), (b) and (c) of Section 13.1 shall name as insureds the Maison du Val Townhomes I Iomeowners' Association and its Board, the managing agent, if any, and other agents, and until the rights, powers and obligations of Developer are transferred to the Developer, the policies shall also name as insured the Developer, its affiliates, and the agents and employees of the said insured parties. 13.4 Losses. The loss, if any, under any policies of insurance described in Section 13.1 shall be adjusted with the insurance company or companies by the Association. The insurance proceeds received by the Association less the actual cost, fees and expenses, if any, incurred in connection with the adjustment of the loss, shall be applied to the payment of the cost of restoring the Common Areas and the improvements thereon to substantially the same condition in which it existed immediately prior to such damage or destruction, free from Vendor's, mechanic's, materialman's and other similar liens. 13.5 Individual Owner's Insurance on Homesite. Each owner of a Homesite in Maison du Val Townhomes shall be responsible for his own insurance on his personal liability covering his Homesite. The Association has no obligation or responsibility to insure the Owners of Homesites for their liability arising out of the Ownership, maintenance, or use of the Homesites. Each Owner shall carry all-risk physical damage insurance covering the improvements on his Homesite, and shall at all times have on deposit with the Association, certificates of insurance showing that policies providing coverage for not less than the full insurable replacement value, are in force and effect. If improvements are damaged or largely destroyed by fire or other casualty, each Owner shall restore the improvements damaged or largely destroyed within a reasonable period, the Board may restore the improvements and assess the Owner for the cost of said restoration which assessment shall be paid as provided hereunder. 13.6 Uninsured Property or Insufficient Insurance. In the event the Common Areas is not insured against the peril causing the loss or damage, or the 22 insurance proceeds are not sufficient to pay the costs of repair, restoration or reconstruction, and the Association on behalf of the Owners does not voluntarily make provisions for repair or reconstruction of the improvements within 180 days' after said damage or destruction, then the owners shall determine the action to be taken with respect to the Common Areas or the improvements, at a special meeting of the Owners called :for the purpose of considering such action. ARTICLE FOURTEEN Sale, Lease or Other Transfer of Homesite 14.1 Right of Developer to Transfer Free of Association's Option. (a) The Options given the Association by this Article Fourteen to acquire a Homesite shall not apply to any sale, lease, gift, devise or other transfer by Developer, or by an Owner of a Homesite, to a co -Owner of such Homesite, or to the spouse or child or children of an Owner, or to any Developer of a trust of which the sole beneficiary or beneficiaries is or are the Owner, the spouse or children of the Owner, or any one or more of them. (b) Each Section of this Article Fourteen is expressly made subject and subordinate to the right of each Owner (and of Developer) to transfer his Homesite to a party specified in Section 14.1(a), free of the options given Association by this Article Fourteen. 14.2. Sale or Lease of Homesite. Any Owner, other than Developer, who wishes to sell or lease his Homesite (or any lessee of any Homesite wishing to assign his lease or sublease such Homesite) shall give the Association not less than thirty days' prior written notice of the terms of any proposed sale, lease, assignment, or sublease, together with the name, address and financial and character references of the proposed purchaser, lessee, assignee or sublessee, and such other information concerning the proposed purchaser, lessee, assignee or sublessee as the Association may reasonably require. The Association, acting in behalf' of all Owners (other than the prospective seller or lessor), shall at all times have a first right and option to purchase or lease, such Homesite upon the same terms, said option to be exercisable by the Association within thirty days of the date of the receipt of notice and information by the Association. No sale, assignment of lease, or sublease of such Homesite, shall be consummated prior to the expiration of said thirty -day period without Association's written consent, and if a sale, assignment or sublease is consummated prior to the expiration of said thirty -day period without Association's written consent, and if a sale, assignment or sublease is consummated in violation of this provision then, at the option of the Association., the consummated transaction shall be deemed void and wholly inoperative. If the Association does not exercise its option within said thirty -day period, the Owner or lessee shall have the right to sell, assign the lease, or sublease the I Imesite, strictly in accordance with the terms and conditions of the notice given to the Association. This Section 14.2 is expressly made subject and subordinate to the right of each Owner (and of Developer) to transfer 23 his Homesite to a party specified in Section 14.1(a), free of the options given Association by this Article Fourteen. 14.3 Gift of Homesite. Any Owner other than Developer who desires to make a gift of his Homesite, or any interest therein, shall give the Association not less than thirty days' prior written notice of such Chvner's intention prior to the proposed date of the gift, together with the name, address and financial and character references of the proposed donee and such other information concerning the proposed done, as the Association may reasonably require. The Association, acting in behalf of all Owners (other than the prospective donor), shall at all times have a first right and option to purchase such Homesite or interest therein for its fair market value, to be determined by appraisal as hereinafter provided, which option shall be exercisable by the Association until the expiration of the option period hereinafter provided for. If the Association desires to exercise its option, then within fifteen days after receipt by the Association of a written notice of a desire to make a gift, the Owner desiring to make such gift and the Association shall each appoint an expert real estate appraiser to act as appraisers. The two appraisers so appointed shall themselves, within ten days after their appointment, appoint another expert real estate appraiser to act as a third appraiser. Within fifteen days after appointment of said third appraiser, the three appraisers shall determine, by majority vote, the fair market value of the Homesite or interest therein, of which the Owner desires to make a gift. The appraisers shall thereupon give prompt written notice of their determination as to fair market value of the Homesite or the interest therein which has been appraised, and said determination shall be deemed final and conclusive and binding on all parties. If either party fails to appoint an appraiser, then the appraiser appointed by the other party shall make the appraisal alone. The Association shall have an option to purchase the Homesite, or the interest therein of which a gift was to be made, for a period of fifteen days after the date of the receipt by the Association of the aforesaid detenmination of fair market value. This Section 14.3 is expressly made subject and subordinate to the right of each Owner (and of Developer) to transfer his IHomesite to a party specified in Section 14.1(a), free of the options given Association by this Article Fourteen. 14.4 Death of Owner. If an Owner dies, the Association shall, have an option to purchase the decedent's Homesite, or his interest therein, from the estate of the decedent. The option price shall be the fair cash market value of the Homesite, or the decedent's interest therein, said fair market value to be determined by appraisal as hereinafter provided. Within thirty days after the Association is notified of the appointment of a personal representative for the estate of the deceased Owner, if the Association desires to exercise its options, the Association shall appoint a qualified real estate appraiser to act as an appraiser, and shall thereupon give written notice of such appointment, to the personal representative of the decedent. Within fifteen days thereafter, said personal representative shall also appoint a qualified real estate appraiser, and the two appraisers so appointed shall promptly appoint a third ,qualified real estate appraiser. Within fifteen days thereafter, the three appraisers shall determine by majority vote the fair market value of the Homesite, or the decedent's interest therein, and they shall thereupon give written. notice of their determination to the Association and to the 24 personal representative of the decedent. If either party fails to appoint an appraiser, then the appraiser appointed by the other party shall alone make the appraisal. The Association's right to purchase the Homesite, or the interest therein, of a deceased Owner shall expire thirty days after the Association receives notice of the determination of fair value made by the appraisers. The Association shall be deemed to have appropriately exercised its right to purchase if the required price is tendered to the said personal representative within the period hereinabove prescribed, provided, that a deed conveying good title is tendered to the Association concurrently with the tender of the price by Association, and that the title, being conveyed is supported by a title guaranty policy in the amount of the sale price, This Section 14.4 is expressly made, subject and subordinate to the right of each Owner (and of Developer) to transfer his Homesite to a party specified in Section 14.1(a), free of the options given Association by this Article Fourteen. 14.5 Involuntary Sale of Homesite. (a) If any Iomesite is sold at a judicial or execution sale (other than a mortgage foreclosure sale) the purchaser at such sale, before taking possession of the Homesite, shall give not less than thirty days' written notice to the Association of his intention to take possession in pursuance of his purchase. The Association shall thereupon have an option to purchase the Homesite for the price at which the Iomesite was sold at said sale to said purchaser. If the Association elects to exercise their option to purchase, they shall tender the required sum to said purchaser of the Homesite within said thirty -day period, and if they fail to do so, the purchaser shall then be entitled to take possession of the Homesite free and clear of the option provided for in this section. (b) If the mortgage on a Homesite of a bank, savings and loan association, insurance company or other lender is foreclosed, the mortgagee shall have the right to acquire the mortgaged Homesite at its foreclosure sale, either in its own name or in the name of a nominee. If, however, at any time after such an acquisition, the mortgagee sells the Homesite it has acquired through its foreclosure, then the purchaser from the mortgagee, before taking possession of the Homesite, shall give, not less then thirty days' written notice to the Association of his intention to take possession of the Homesite in pursuance of his purchase. The Association shall thereupon have an option to purchase the Homesite for the price at which the Homesite was sold at said sale to said purchaser. If the Association elects to exercise its option to purchase, it shall tender the required sum to said purchaser of the Homesite within said thirty -day period, and if they fail to do so, the purchaser shall then be entitled to take possession of the Homesite free and clear of the option provided for in this subsection. 14.6 Consent of Owners to Exercise of Option by Association. The Association shall not exercise any Option to purchase a Homesite without the prior written consent of two-thirds of the Owners. The Owners, in authorizing the Association's purchase of a Homesite pursuant to option given by the preceding sections, 25 shall specify the maximum price which the Association is authorized to pay for the purchase to be made, and the Association shall not offer more for any Iomesite than the maximum fixed by the Owners. The power of the Association to purchase a Homesite pursuant to this Article Fourteen includes the power to purchase any interest in said Homesite. 14.7 Proof of Termination of Option. A certificate executed and acknowledged by the Association, stating that the provisions of this Article Fourteen have been fully complied with by an Owner, or duly waived by the Association and that the rights of the Association have been terminated by such waiver, shall be conclusive and binding upon the Association and the Owners in favor of all parties who rely on such certificate in good faith, and such a certificate shall be furnished upon request to any Owner entitled thereto, upon payment of a reasonable fee. 14.8 Financing of Purchase Under Option. A Homesite acquired by the Association pursuant to options given by this Article Fourteen shall be paid for from the maintenance fund. If the maintenance fund is insufficient to pay the sum required for acquisition of a Homesite, the Association shall procure the additional sum required by assessment against the Owners. If an Owner so assessed fails to pay his assessment, the Association shall have lien rights in respect of such Owner's Homesite and such other rights in respect of the Owner, as in any other case of a default by Owner. The Association has the power to finance the acquisition of a Homesite pursuant to this Article Fourteen by procuring a mortgage or other loan secured by said Homesite, and if such a loan is procured, the payments in respect of the mortgage and expenses in connection therewith shall be paid, to the extent necessary, by assessment against the Developer. 14.9 Title to Acquire Interest. Title to a Homesite acquired pursuant to this Article Fourteen shall be held in the name of the Association or in the name or names of a nominee or nominees, but title, however held, shall be for the benefit of the Owners. A Homesite acquired by the Association pursuant to this Article Fourteen may thereafter be sold or leased by the Association on whatever terms they deem appropriate. All net proceeds of a sale or lease of a Homesite acquired by the Association shall be refunded to the Owners in equal. shares. ARTICLE FIFTEEN Compliance, Breach of Covenants, and Default 15.1 Rights and Remedies of Association, Each Owner is bound by and shall comply with the tenets of this Declaration, the By -Laws, and the Rules and Regulations adopted pursuant thereto, and by all amendments to them. A failure by an Owner to comply with this Declaration, or with the By -Laws, and Rules and Regulations of the Association or any authorized amendment to said Declaration, By -Laws, or Rules and Regulations shall constitute a Default by such Owner. If a default occurs, the Association shall have the right to recover damages at law, to procure injunctive relief, to foreclose on any lien rights the Association may have, or to avail themselves of any other rights or 26 remedies permitted at law or in equity including, but not limited to, filing suit pursuant to the Forcible Entry and Detainer Act. All expenses of the Association in connection with any actions or proceedings described herein, including court costs and attorneys' fees and all other expenses of the proceeding, and all damages, liquidated or otherwise, together with interest thereon at 18% per annum or such other interest rate as shall be charged by the Board pursuant to paragraph 12.10 herein until paid, shall be charged to and assessed against such defaulting Owner, and shall be added to and deemed part of his respective share of the annual expenses and the Association shall have a lien for all of the same, as well as for non-payment of his respective share of the annual expenses upon the Homesite of such defaulting Owner and upon all of his additions and improvements thereto and upon all of his personal property located on his Homesite or elsewhere on the Property. The rights and remedies of the Association shall be cumulative and shall be enforceable concurrently in a single proceeding. By virtue of the provision of this Declaration which gives Developer all rights and powers of the Association prior to completion of the development of Maison du Val Townhomes and conveyance of Developer's rights to the Association, Developer has every right and power and every right and remedy which the Association is given by this Article. 15.2 Liability, of Developer for Negligence. Each Owner shall be liable for any damage caused by his act or negligence, or by the act or negligence of any party whose right to be upon the Common Areas is derived 1:rom such Owner, but only to the extent that such damage is not covered by insurance carried by the Association. Nothing herein contained, however. shall be construed so as to modify any waiver by an insurance company of rights of subrogation. 15.3 Recovery of Suit Expense. In any proceeding commenced by the Association, based upon or arising out of an alleged Default by an Owner, the prevailing party, whether Association or Owner, shall be entitled to recover all expense of the proceeding, including reasonable attorneys' fees, but the amount to be allowed the prevailing party shall be determined by the court. ARTICLE SIXTEEN Ilomesites: Title in Land Trustee 16.1 Homesites: Title Held by Land Trustee. If title to any Iomesite is conveyed to a Land Trustee, under the terms of which all powers of management, operation and control, of the premises are vested in the trust beneficiary or beneficiaries, then the parties who are the beneficiaries from time to time under such land trust shall be deemed the Owner of such Iomesite and shall have all the rights and obligations of the Owners hereunder. The Owner holding title under such a land trust shall have no personal liability for payment of any obligation or lien created by or arising under this Declaration and no party shall have the right to claim personal liability on the part of any such Land Owners for any liability or obligation of any kind arising under this Declaration. Beneficiaries of a Land Owner who transfer their beneficial interest by assignment, or who cause their Owner to transfer Iomesite by Trustee's deed, shall continue to be liable 27 for all liabilities and obligations incurred by them prior to the disposition of their Homesite. ARTICLE SEVENTEEN Amendment and Termination of Declaration 17.1 Who May Amend. This Declaration may be amended by the Developer, or by the Association, or by the Owners, in the manner provided for in this Article Seventeen. Amendment other than in accordance with this Article is not permissible. 17.2 Amendment Prior to Sale of Homesite. Prior to the sale of any Homesite, Developer itself has the right to amend or to terminate this Declaration at any time or in any manner. If Developer elects to terminate this Declaration, Developer may evidence its election by recordation of an appropriate statement of termination with the Recorder of Deeds of Cook County, Illinois, and upon such recordation, the entire title in Maison du Val Townhomes shall stand in the Developer free and clear of this Declaration. 17.3 Amendment After Sale of Homesite. After one or more Homesites has been sold, but prior to Developer's completion of the development of Maison du Val Townhoines and prior to Developer's transfer of its rights, powers and obligations to the Association, Developer itself acting without concurrence of any other party has the right to amend this Declaration as often as Developer deems necessary, but no such amendment shall unfairly or unreasonably affect any rights of the Owners. 17.4 Amendment After Transfer of Association. After completion of Maison du Val Townhomes by Developer and the election of the first Board (after the Transfer of the Association), this Declaration may be amended by a two-thirds vote of the Board, together with the concurrence of Developer so long as Developer has any unsold Homesite, but such amendment shall not unfairly or unreasonably affect the rights of the Developer. 17.5 Amendment After All Homesites Have Been Sold. After development of Maison du Val Townhomes has been completed and all Homesites therein sold by Developer, and a first Board has been elected, this Declaration may be amended by a vote of no less than 24 of the 32 Owners, but such amendment shall not unfairly or unreasonably affect the rights of an Owner. 17.6 Termination of Declaration. After one or more Homesites have been sold, this Declaration may be terminated only with the joint consent of: (a) The Developer, if the Developer has any unsold Homesites. If Developer has sold all its I lomesites, consent of Developer shall not be required; (b) If a Board of Directors has been elected, then the consent of the 28 Board, supported by a two-thirds vote of the Directors; (c) The Owners of 75% of the Homesites; (d) All mortgagees of Homesites. Concurrence of all the foregoing shall be required in order to effect a valid termination of this Declaration. 17.7 Procedure on Amendment or Termination. (a) If this Declaration is to be amended or terminated by the Developer solely, pursuant to the above provisions of this Article which provide for amendment or termination by Developer solely, Developer shall evidence said amendment or termination by due execution of an appropriate written instrument setting forth the terms of the amendment, or stating that this Declaration is terminated, as the case may be. (b) If this Declaration is to be amended after development of Maison du Val Townhomes has been completed and the rights and powers of Developer have been transferred and assigned to the Association, then if Developer still has one or more Homesites which remain unsold, the amendment shall be effected by an appropriate written instrument setting forth the terms of the amendment and duly executed on behalf of the Association and duly executed by the Owners. (c) If an amendment is to be effected after Developer has completed the sale of all Homesites in Maison du Val Townhomes, and after the rights and powers of Developer have been transferred and assigned to the Association, then the amendment may be evidenced by a written instrument executed in behalf of Association solely, and no participation by Developer shall be required. (d) If this Declaration is to be terminated after one or more Homesites have been sold, the termination shall be evidenced by an appropriate written instrument stating that this Declaration has been terminated. The statement of termination shall be executed by the President and Secretary of the Association on behalf of the Association, by 75% of the Owners of the Iomesites, and by all owners of mortgage liens on the Homesites and Common Areas. The President and Secretary of the Association shall certify, in the statement of termination, that no less than two-thirds of the Board have voted for termination of this Declaration and that 75% of the Owners of Homesites have voted for termination. (e) The instrument effecting an amendment or termination of this Declaration shall be recorded promptly after execution in the office of the Recorder of Deeds of Cook County, Illinois, and the amendment or termination provided for therein shall become effective and operative upon recordation. 29 17.8 Notices With Respect to Amendment or Termination. All parties who have the right to participate in a vote relating to amendment or termination of this Declaration shall have the right to initiate proceedings for amendment or termination of this Declaration. Any such party desiring to initiate proceedings for amendment or, termination, shall give at least ten days' prior written notice of the meeting at which amendment or termination is to be considered. If Developer solely amends this Declaration, in pursuance of the foregoing provisions providing for amendment by Developer solely, then within fifteen days after adoption of the amendment, notice of the amendment shall be given by Developer to all Owners, and each Owner, promptly upon receipt of such notice, shall give notice of the amendment to the mortgagee of his Homesite. ARTICLE EIGHTEEN General Provisions 18.1 Notices -- In General. (a) Notices given pursuant to this Declaration or in connection therewith shall be written, and shall be delivered in person or by mail. Notices of default, or formal demands by any party hereunder to any other party shall be sent by certified or registered mail, with request of return receipt. Notices shall be deemed delivered on the date personal delivery is made or on the date of mailing. Notices to an Owner may be given to the Owner at his Homesite, unless the Owner has informed the Board of Directors of some other mailing address. Notice to the Association may be given to the Association at an address selected by the Board of Directors from time to time, or to the Homesite of the President of the Board of Directors. Until development of Maison du Val Townhomes is completed and Developer has transferred and assigned all its rights, powers and obligations to the Association, all notices, which the Association would be entitled to receive, shall be given to Developer. Notices in respect of meetings or special meetings of the Board or of the Developer shall be given in accordance with the provisions of the Declaration or of the By -Laws to be adopted by the Board. (b) Notice to the personal representative of a deceased Owner shall be sent to the address furnished by such personal representative to the Association, and if the personal representative furnishes no address, then notice to a deceased Owner shall be given to decedent by writing directed to the Owner at such Owner's Homesite. (c) Notices -- To Mortgagees. Upon request of the mortgagee of any Homesite, and payment of a reasonable charge therefore, the Association shall give to such mortgagee a copy of every amendment to this Declaration. 18.2 Non -Waiver Except by Written Instrument. No conditions, covenants, restrictions, reservations, grants or other provisions of this Declaration shall be deemed to 10 have been waived, by silence, or inaction, or failure to enforce rights or by any other matters whatsoever, other than a writing executed by the party against whom the waiver is asserted, which expressly states that a specified right or remedy is being waived. No waiver shall be deemed to have been effected by the failure to enforce rights or remedies of which a party is possessed, regardless of the number of breaches or violations of said rights, which have occurred. 18.3 Liberal Interpretation. This Declaration shall be liberally construed so as to facilitate and promote the objectives of this Declaration hereinabove set forth. Narrow, technical, and literal construction of this instrument inconsistent with the objectives of the Developer, the Association and the Owners shall be avoided. 18.4 INTENTIONALLY OMITTED 18.5 Partial Invalidity—Severability. The invalidity of any of the conditions, covenants, restrictions or reservations herein contained, or of any other provision of whatever nature of this Declaration shall not in any way impair or affect the validity or enforceability of any other provision of this Declaration, and any such invalidity shall be deemed partial and separable, and all of this Declaration shall be deemed valid, effective and binding except for the invalid provision. 18.6 Gender, Usage of Singular and Plural Forms, and Other Usage. Whenever the context so requires, use of the plural form shall include the singular, use of the singular form shall include the plural or any gender shall be deemed to include all genders. Prior to completion of development of Maison du Val Townhomes and to Developer's transfer of its rights, powers and obligations to the Association or Owners, all references to the rights, powers and obligations of the Association or the Board shall be read as references to the rights, powers and obligations of Developer. The term "sale" means a sale consummated by delivery of a deed to a Homesite. 18.7 Captions. Captions used in this Declaration are inserted solely as a matter of convenience and shall not be relied upon or used in construing the text thereof. 18.8 Reliance on Association's Certification. A certification or statement that a described act has been authorized, or in particular, that execution and delivery of a described instrument has been authorized, signed by the President of the Board and attested by a Secretary of the Board, shall sufficiently establish for all purposes that the described act or instrument is the act or instrument of the Board and has been duly authorized by the Board, and the said described act or instrument may be relied upon by all parties. 189 Recordation. -Prior to consummation of the sale of the first Homesite in Maison du Val Townhomes by delivery of a deed to said Homesite, this Declaration shall be recorded in the office of the Recorder of Deeds of Cook County, Illinois. All amendments to the Declaration shall also be recorded in said Recorder's Office. This Declaration is executed by Emerald, Inc., an Illinois corporation. as 31 Developer as aforesaid, in the exercise of the power and authority conferred upon and vested in it as such Developer (and Emerald, Inc., an Illinois Corporation, hereby warrants that they possesses full power and authority to execute this instrument). It is expressly understood and agreed by every person, firm or corporation hereafter claiming any interest under this Declaration that Emerald, Inc., as Developer as aforesaid, and not personally, has joined in the execution of this Declaration for the sole purpose of subjecting the title holding interest to the terms of this Declaration; that any and all obligations, duties, covenants and agreements of every nature herein set forth by Emerald, Inc., as Developer as aforesaid, to be kept or performed, are intended to be kept, performed and discharged by the corporation or its successors, and not by Emerald, Inc. personally; and further, that no duty shall rest upon Emerald, Inc., either personally or as such Developer, to sequester trust assets, rentals, avails or proceeds of any kind, or otherwise to see to the fulfillment or discharge of any obligation, express or implied, arising under the tenets of this Declaration, except where said Developer is acting pursuant to direction, as provided, and after the Developer .has first been supplied with funds required for the purpose. In the event of conflict between the terms of this paragraph and of the remainder of the Declaration on any question or apparent liability or obligation resting upon said Developer, the exculpatory provision hereof shall be controlling. IN WITNESS WHEREOF, the said Emerald, Inc., as Developer as aforesaid and not individually, has caused this instrument to be executed by its duly authorized agent, all on the date hereinabove set forth on the first page hereof. Emerald, Inc., an Illinois Corporation Its: esidcnt - 32 State of Illinois ) ) SS County of DuPage ) I, the undersigned, a Notary Public in and for the County and State aforesaid, DO HEREBY CERTIFY, that Gerard Carey, as President of Emerald.. Inc., is personally known to me to be the same person whose name is subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that he signed and delivered the said instrument as his free and voluntary act, for the uses and purposes therein set forth. GIVEN under my hand and Notarial Seal this() day of August, 2020. rotary tu_lic =-STATE AL GRAHAM E OF ILLINOISRES:07103122 33 EXHIBIT A Legal Description: PARCEL 1: THE WEST 420.57 FEET OFTHE NORTH 98 FEET OF THE SOUTH 178 FEET OF THE NORTH 37.5 ACRES OF THE WEST 75 ACRES OF THE EAST 14ALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 10 EAST OF THE THIRD PRINCIPAL MERIDIAN (EXCEPT'ITIE WEST 50 FEET TAKEN BY CONDEMNATION CASE 83LS0482) IN COOK COUNTY, ILLINOIS, PARCEL2: THE EAST 370-57 FEET OF THE WEST 420.57 FEET OF THE SOUTH 80.00 FEET OF THE SOUTH 178.00 FEET OF THE NORTH 37.50 ACRES OF THE WEST 75 ACRES OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 10 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. PARCEL3: THE EAST 800 FEET OF THE NORTH 98.00 FEET OF THE SOUTH 178.00 FEET OF THE NORTI-I 37.5 ACRES OF THE WEST 75 ACRES OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 10 FAST OF THETHIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. PARCEL4: THE SOUTH 80.00 FEET OF THE SOUTH 178.00 FEET (EXCEPT THE WEST 420.57 FEET THEREOF) OF THE NORTH 37.5 ACRES OF THE WEST 75 ACRES OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TO)NINSHIP 41 NORTH. RANGE 10 EAST OFTHE THIRD PRINCIPAL MERIDIAN, IN COOK COUNTY, ILLINOIS. 34 PARCEL 5: THAT PART OF THE WEST 75 ACRES OF THE EAST HALF OF THE, NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 41, EAST OF THE THIRD PRINCIPAL MERIDIAN, DESCRIBED AS FOLLOWS: COMMENCING AT THE INTERSECTION' OF THE WEST LINE AS STAKED AND OCCUPIED OF THE EAST 286.87 FEET OF THE WEST 75 ACRES OF THE EAST HALF OF THE NORTHWEST QUARTER OF SAID SECTION, BEING ALSO THE WEST LINE, AS STAKED AND OCCUPIED OF SUNSET MANOR SUBDIVISION, ACCORDING TO PLAT THEREOF RECORDED APRIL 10, 1957, AS DOCUMENT NO. 16874058 AND THE SOUTH LINE OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 10, ALSO BEING THE CENTER LINE OF NERGE ROAD THENCE NORTH 00 DEGREES 09 MINUTES 26 SECONDS EAST A DISTANCE OF 1064.87 FEET TO A POINT ON THE SOUTH LINE OF THE NORTH 1602.0 FEET OF THE EAST HALF OF THE NORTHWEST QUARTER OF SAID SECTION, THENCE NORTH 87 DEGREES 31 MINUTES 04 SECONDS EAST ALONG SAID SOUTH LINE, A DISTANCE OF 149.38 FEET TO A POINT FROM PLACE OF BEGINNING, THENCE NORTH 00 DEGREES 08 MINUTES 26 SECONDS EAST A DISTANCE OF 95.00 FEET TO A POINT; THENCE NORTH 87 DEGREES 31 MINUTES 04 SECONDS EAST A DISTANCE OF 140.00 FEET TO A POINT ON THE EAST LINE OF THE WEST 75 ACRES OF THE EAST HALF OF THE NORTHWEST QUARTER OF SAID SECTION THENCE SOUTH 00 DEGREES 09 MINUTES 26 SECONDS WEST ALONG SAID EAST LINE TO A POINT ON THE SOUTH LINE OF THE NORTH 1602.0 FEET OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41, NORTH, RANGE 10, AFOREMENTIONED, THENCE. SOUTH 87 DEGREES 31 MINUTES 04 SECONDS WEST A DISTANCE OF 140.00 FEET TO THE POINT OF BEGINNING, ALL IN COOK COUNTY, ILLINOIS. PARCEL 6: THAT PART OF LOT 2 IN FIRST AMERICAN BANK SUBDIVISION, BEING A SUBDIVISION OF PART OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 10 EAST OF THE THIRD PRINCIPAL MERIDIAN DESCRIBED BY BEGINNING AT THE SOUTHWEST CORNER OF SAID L.OT 2; THENCE NORTH 15.90 FEET ALONG THE WEST LINE OF SAID LOT 2; THENCE EAST PARALLEL WITH THE SOUTH LINE OF SAID LOT A DISTANCE OF 147.49 FEET; THENCE SOUTHEASTERLY A DISTANCE OF 24.71 FEET, MORE OR LESS, TO A POINT OF SAID SOUTH LINE WINCH IS 167.12 FEET EAST OF THE POINT OF BEGINNING; THENCE WEST ALONG SAID SOUTH LINE A DISTANCE OF 167.12 FEET TO THE PLACE OF BEGINNING, IN COOK COUNTY, ILLINOIS. PERMANENT INDEX NUMBERS: 07-36-101-117 07-36-101-022 07-36-101-023 07-36-101-024 07-36-101-025 35 :z al Description: PARCEL 1: THE WEST 420 57 FEET OF THE- NORTH 98 FEET OF T'IiE SOUTH 17$ FEE`T OF 'I"HE NORTH 37.5 ACRES O1 I IIE WEST 75 ACRES OFTHE IF EAST I-IALF OF THE NORTHWEST QtJARTER OF SECTION 36, TOWNSHIP 41 NORTH, RANGE 10 EAST` OF TT-1E THWD PRINCIPAL MERIDIAN (EXCEPT THE WEST 50 FEET TAKEN BY CONDEMNATION CASE 83LSO482) IN COOK COUNTY, U LINOIS. PARCEL 2: THE EAST 370.57 FEET OF THE WEST 420.57 FEET OF THE SOU ,I`H 80.00 FEET OF THE SOUTH 178.00 FEET OF THE NORTH 37.50 ACRES OF THE WEST 75 ACRES OF THE EAST HALF OF 'THE NORTFWEST QUART -ER OF SECTION 36, TOWNSHIP 41 NORTH; RANGE 1.0 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK fY3`t.1NTY,11,Lf.NOIS. PARCEL 3: THE EAST 800 FEET OF THE NORTH 98.00 FEET OF THE SOUTH 178.00 FEET OF THE NORTH 37.5 ACRES OF THE WEST 75 ACRES OF THE EAST HALF OF THE NORTHWEST QUARTER OF SECTION 36, TOWNSI-IIP 41 NORTH, RANGE 10 EAST OF THE'THI.RD PRINCIPAI., MERIDIAN, IN COOK COUNTY, ILLINOIS. PARCEL 4: THE SOUTH 80.00 FEET OF THE SOUTH 178.00 FEET (EXCEPT THE WEST 420.57 FEET THEREOF) OF THE NORTH 37.5 ACRES OF THE WEST 75 ACRES OF THE EAST HALF OF THE NORTHWESTQUARTER OF SECTION 36, TOWNSHIP 41 NOWITT, RANGE 10 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN COOK C'>t.)UN`I'Y, ILL.INO:IS.. Permanent Index Numbers: 07-36-101-022 ; 07-36-101-024 07-36-101-025; 07-36-101-023 Address of Real Estate: 751 Meacham Road, Elk Grove Village, IL 60007