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ORD 83-11 UNIT DEVELOPMENT OF WINSLOW GREEN1 TMW:ehk 9/13/83 ORDINANCE NO. 83- L AN ORDINANCE OF THE CITY OF WINSLOW, WASHINGTON, APPROVING A PLANNED UNIT DEVELOPMENT COMMONLY KNOWN AS WINSLOW GREENS; ADOPTING HEARING EXAMINER'S FINDINGS OF FACT AND CONCLUSIONS OF LAW; AND REPEAL- ING ORDINANCE 81-20. 8 9 WHEREAS, on May 4, 1981, the City of Winslow enacted Ordinance 81-20 approving a Planned Unit Development ("PUD") for 10 property located on the northwest corner of the intersection of Winslow Way West and Madison Avenue North, and commonly known as 11 "Madison Park PUD;" and 12 WHEREAS, the Madison Park PUD was not developed, and a different PUD has been proposed for the subject site; and 13 WHEREAS, on November 15, 1982, the City Attorney's office 14 issued an opinion that the new proposal constituted a substan- tial deviation from the previous PUD and required new applica- 15 tion and City approval in accordance with the Winslow zoning code and the Winslow Hearings Procedure Ordinance; and 16 WHEREAS, the Winslow Greens PUD proponents made application 17 for a new PUD; on May 27, 1983, the Winslow Planning Agency forwarded the application to the Winslow Hearing Examiner 18 recommending in favor of the PUD subject to certain specified concerns; and on August 1, 1983, the Winslow Hearing Examiner 19 recommended in favor of the PUD subject to certain conditions; and 20 WHEREAS, the City Council and the Mayor have reviewed the 21 Planning Agency's and Hearing Examiner's recommendations and have concluded that the PUD should be approved subject to 22 certain conditions specified in this ordinance; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF WINSLOW DO ORDAIN AS FOLLOWS: Section 1. The City Council hereby adopts as its own 29 30 31 findings of fact and conclusions of law the Winslow Hearing Examiner's findings of fact and conclusions of law in the matter of the Winslow Greens Planned Unit Development application, dated August 1, 1983, a copy of which is attached hereto and incorporated in this ordinance. 1 2~ 3 4 12 13 14 15 16 17 18!~ 20 21 22 23 24 25 26 27 28 29 Section 2. The Winslow Greens Planned Unit Development is hereby approved for the subject site subject to the following conditions: 1. Applicant shall obtain certification in writing from the chief of the Bainbridge Island Fire District that the project complies with all applicable fire safety laws and regulations. All modifications to the City's water system for fire flow purposes shall be made by the applicant at no cost to the City. 2. Applicant shall pave, install traffic signs and striping, and make other traffic improvements to Madison Avenue as shown on drawing 2B dated Septem- ber ~ , 1983, a copy of which is attached hereto and made a part of this ordinance. 3. Applicant shall install off-site storm water drainage modifications recommended by Roats Engineer- ing Company in the storm water drainage report which is attached hereto and made a part of this ordi- nance. Applicant shall submit to the City construc- tion drawings for the modifications, which shall be subject to review and approval by the City prior to construction of the modifications. 4. The property owners shall be responsible for maintenance of all common areas of the project including the open space "park.u Applicant shall submit to the City, for the Clty's review and approval, proposed covenants for such maintenance. Covenants approved by the City shall be filed with the public records of the County prior to issuance of a building permit for the project. 5. The open space "park" shall be constructed and landscaped in accordance with drawing 1, dated July - 2 - 6 7 8 9~ 10 11 12 13 15 16 17 19 20 21 22 23 24 25 26 28 29 30 31 32 8, 1983, which is attached hereto and made a part of this ordinance. 6. The current owners of record of the subject site and the City shall execute an agreement terminating the Agreement For Residential Planned Unit Develop- ment adopted by Ordinance 81-20 and signed by the Mayor on May 4, 1981. Applicant shall submit to the City for its review and approval a proposed agreement for this purpose. 7. The project shall be constructed in a single phase with all construction to be completed no later than 90 days following occupancy of the first unit (either commercial or residential). 8. The project shall be constructed in substantial compliance with the following drawings, which are attached hereto and incorporated into this ordi- nance: drawing 1, dated July 8, 1983; drawing 2, dated May 6, 1983; and drawing 2B, dated Septem- ber ~ , 1983. Section 3. The "subject site" which is the location of the Winslow Greens PUD is defined in the legal description which is attached hereto and made a part of this ordinance. The common description of the subject site is the northwest corner of the intersection of Winslow Way West and Madison Avenue North, consisting of a rectangular piece of land which abuts approxi- mately 320 feet of Winslow Way West and 290 feet on Madison Avenue North. Section 4. Section 5. Ordinance 81-20 is hereby repealed. If any provision of this ordinance is held invalid all other provisions of this ordinance shall remain in full force and effect. - 3 - Section 6. This ordinance shall become effective 5 days after publication or posting in the manner provided by law. PASSED BY THE CITY COUNCIL this /~'~day of ~ ,i , 1983. 6 7 Alice B. Tawresey 8 Mayor 9 Attest: ''/ 11.. ~~n~ Je 13 15 16 17 18 19 20 Approved as to form: Thomas M. Walsh City Attorney I do hereby certify this Ordinance was signed by the Mayor this day of -~ j, 1983, and thereafter posted 21 this ~/~d ~/~... ay of ~ 1983, the Ferry Terminal, 221 Chamber of Commerce, City Hall. Effective 26! 28 Clerk/Treasurer 0362w 29 30i - 4 - WINSLOW WINSLOW GREENS WINSLOW, WASHINGTON DECLARATION OF CONDOMINIUM OWNERSHIP DECLARATION AND COVENANTS, CONDITIONS, RESTRICTIONS AND RESERVATIONS FOR WINSLOW GREENS ARTICLE I. II. III. IV. V. VI. VII. VIII. IX. X. XI. XII. XIII. XIV. XV. XVI. XVII. XVIII. XIX. XX. XXI. A Condominium TABLE OF CONTENTS PAGE DEFINITIONS AND RECITALS 1 DESCRIPTION OF SITE 2 DESCRIPTION OF BUILDINGS 2 DESCRIPTION OF APARTmeNTS 2 ACCESS PARKING 3 DESCRIPTION OF CO~ON AREAS AND 3 FACILITIES VALUE OF PROPERTY AND EACH APARTMENT 5 AND PERCENTAGE OF UNDIVIDED INTEREST IN THE CO~ON AREAS AND FACILITIES OWNERS' ASSOCIATION 5 MANAGEMENT OF CONDOMINIUM 8 USE; REGULATION OF USES; 13 ARCHITECTURAL UNIFORMITY COMMON EXPENSES AND ASSESSMENTS 16 INSURANCE 20 DAMAGE OR DESTRUCTION; RECONSTRUCTION 24 CONDEMNATION 29 COMPLIANCE WITH DECLARATION 30 LIMITATION OF LIABILITY 31 MORTGAGEE PROTECTION 32 MORTGAGEE'S RIGtITS AFTER FORECLOSURE 34 EASEMENTS 36 PROCEDURES FOR SUBDIVIDING OR 37 CO~INING AMENDMENT OF DECLARATION, SURVEY MAP, 38 PLANS ARTICLE XXII. XXIII. TABLE OF CONTENTS (Continued) MISCELLANEOUS INTERPRETATION EXHIBIT A: Description of Real Property EXHIBIT B: Description of Apartments EXHIBIT C: Description of Apartment Value and Percentage of Interest PAGE 39 41 A-1 B-1 C-1 ii DECLARATION AND COVENANTS, CONDITIONS, RESTRICTIONS AND RESERVATIONS FOR WINSLOW GREENS A CONDOMINIUM Winslow Greens Inc., a Washington Corporation to be formed (hereinafter called "Declarant"), hereby makes the following declaration, pursuant to RCW Chapter 64.32, for the purpose of submitting real property described in Exhibit A attached hereto to the provisions of that chapter. By acceptance of a conveyance, contract for sale, lease, rental agreement or any form of security agree- ment or instrument, or any privileges of use or enjoyment, respecting the property or any apartment in the horizontal property regime created by this Declaration, it is agreed that this Declaration, together with the Survey Map and Plans referred to herein, state convenants, conditions, restrictions, and reservations affecting a common plan for the condominium development mutually beneficial in all restrictions, reservations and plan are binding upon the entire property and upon each such apartment as a parcel of realty, and upon its owners or possessors, and their heirs, personal representatives, successors and assigns, through all successive transfers of all or part of the property or any security interests therein, without requirement of further specific reference or inclusion in deeds, contracts or security instruments, and regardless of any subsequent forfeiture, foreclosures, or sales of apartments under security instruments. I. DEFINITIONS AND RECITALS 1.01 The Act. The Horizontal Property Re- gimes (Condominiums) Act, RCW Chapter 64.32 as amended, is hereafter referred to as "the Act." The terms such as, but not limited to, "apartment," "apartment owner," "association of apartment owners, .... building, .... common areas and facilities," "common expenses," "land," and "property," used herein are intended to have the same meaning given in the Act unless the context clearly -1- requires otherwise or to do so define the terms would produce an illegal or improper result. 1.02 Declarant is the fee owner of the property described in Exhibit A. 1.03 As used in this Declaration, "Declarant" refers to Winslow Greens Inc., a Washington Corporation to be formed, and its successors and assigns. II. DESCRIPTION OF SITE 2.01 The site of the condominium is located in the town of Winslow, Washington at the intersection of Madison Avenue and Winslow Way and is more specifi- cally described in Exhibit A. The site contains approximately 2.4 acres. Topography is generally sloping down as much as 20 feet from the northwest property corner to the southeast property corner. III. DESCRIPTION OF BUILDINGS 3.01 The condominium consists of 3 three story buildings of wood-frame construction on reinforced concrete foundations and basement. These 3 buildings are divided into a total of 34 living apartments and up to 17 business apartments; Building 1 has 10 living apartments and up to 5 business apartments, Building 2 has 8 living units and up to 4 business apartments, Building 3 has 16 living apartments and up to 8 business apartments. All 3 buildings contain three stories, and all apartments contain one story. There is a basement in the buildings which provides the business apartment space. All living apartments have 2 parking stalls, fireplace, patio or deck and individual laundry facilities. Among the 34 living units, there are two different floor plans, and the units are 2 bedrooms and 2 baths. IV. DESCRIPTION OF APARTMENTS 4.01 There are 34 living apartment units. Each living apartment has its own street address. 4.02 There are up to 17 business apartment units. Each business apartment has its own street address. 4.03 Exhibit B attached hereto is a statement setting forth the address of each apartment, the approxi- mate size, the number of rooms, and the approximate area -2- of the deck/patio. The size of an apartment is calculated to the interior curfaces of the permiter walls, floor, ceilings, windows and door thereof. V. ACCESS AND PARKING 5.01 Each living apartment and business apartment has access to the common condomium walks, roadways, and other common areas. 5.02 Each living apartment unit has 1 (one) parking space within its specific garage. Each apart- ment may use up to 1 (one) of the next 17 (seventeen) parking spaces on a first come first serve basis. No storage of recreational vehicles, boats, trailers, motorcycles, automobiles, etc. will be permitted in common areas or parking areas. No storage of recrea- tional vehicles, boats, trailers, etc. will be permitted in a specific garage so as to require an apartment owner to park his only automobile in one of the 17 (seventeen) common spaces routinely. There are 69 (sixty-nine) parking spaces provided on a first come first serve basis for the use and benefit of business apartment units and busi- ness operations of the commercial spaces. No business apartment owner will be permitted to store overnight or for any full business day, any recreational vehicle, boat, trailer, motorcycle, etc.. Automobiles owned by commercial business or their employees cannot exceed one per business and must not block access to a specific garage, to another-business or access to the site. VI. DESCRIPTION OF COMMON AREAS AND FACILITIES 6.01 The common areas and facilities consist of the following located on the land described in Exhibit A: (a) The land described in Exhibit A; (b) The roofs, foundations, columns, girders, studding, joists, beams, supports, main walls, (excluding only nonbearing interior partitions of apartments), and all other structural parts of the buildings, to the interior surfaces of the apartments' permiter walls, floors, ceilings, windows and doors, and any replacements thereto; provided, that the term "interior surfaces" shall not include paint, wallpaper, carpeting, tiles or other such decorative surface coverings or finishes; -3- (c) installations of central services such as power, light, gas, hot and cold'water, heating, re- frigeration, air conditioning and incinerating; pipes, conduits, and wires, whereever they may be located whether in partitions or otherwise, tanks, pumps, motors, fans, compressors, ducts; and in general all apparatus and installations existing for common use; (d) The yards, gardens, landscaped areas, roadways, parking and walkways which surround and pro- vide access to the buildings or are used for recreational purposes; (e) The halls, corridors, garbage chutes, if any, storage areas, stairways and stairs not within individual apartments, and entrances and exits of the building; (f) Premises for the lodging or use of persons in charge of, or maintaining, the property, if any; (g) All other parts of the property necessary or convenient to its existence, maintenance and safety, or normally in common use; (g) The park areas, walkways in front of commercial businesses, stairways to parking areas, peripheral sidewalks and open parking areas are open to the public for general daily use consistent with the conduct of general business and apartment living. Any special use of the parks for community events will be allowed to the extent these events do not interfere with the rights of the commercial busi- nesses to conduct their business or with the rights of the apartment owners to enjoy their apartment space in quiet. 6.02 Certain items which could ordinarily be considered common areas such as, but not limited to, screen doors, window screens, awnings, storm windows, planter boxes, and the like, may, pursuant to decision of a majority of owners and specification in the Bylaws or administrative rules, be designated as items to be furnished and maintained by apartment owners at their individual expense, in good order, according to standards and requirements set by the Board by rule, regulation or Bylaws. -4- VII. VALUE OF PROPERTY AND EACH APARTMENT AND PERCENTAGE OF UNDIVIDED INTEREST IN THE COMMON AREAS AND FACILITIES 7.01 The value of the property is established at $4,700,000.00. Percentages of interest for each apartment and its owner for all purposes, including voting, are expressed in Exhibit C attached hereto. The value of each apartment includes the percentage of undivided interest in the common areas. The values on Exhibit C are schedules to establish the percentages required by RCW 64.32.010 et seq. and do not necessarily reflect the amount for which an apartment will be sold, from time to time, by Declarant or others. The percen- tage values are determined by dividing the value of each apartment by the value of the total development. VIII. OWNERS' ASSOCIATION 8.01 Form of Association. The term "Association" as used herein shall mean the Association of Owners as defined in the Act. Initially said Association may be an unincorporated association. The Board, or Declarant until such time as the initial Board is selected, may at any time if deemed advisable in the exercise of its sole discretion, without necessity of prior approval or other action by the members being necessary, cause such unincorporated association to be converted to a nonprofit corporation under the laws of the State of Washington; provided, that from and after the formation of such nonprofit corporation, the rights and duties of the members and of such corporation shall continue to be governed by the provisions of the Act and of this Declaration. 8.02 Membership 8.02.1 Qualification. Each owner (including Declarant) shall be a member of the Association and shall be entitled to one membership for each apartment so owned; provided, that if an apartment has been sold on contract, the contract purchaser shall exercise the rights of the apartment owner for purposes of the Association, this Declaration, and the Bylaws, except as hereinafter limited, and shall be the voting owner unless otherwise specified. Ownership of an apartment shall be the sole qualification for membership in the Association. 8.02.2 Transfer of Membership. The Association membership of each owner (including Declarant) -5- shall be appurtenant to the apartment giving rise to such membership, and shall not be assigned, transferred, pledged, hypothecated, conveyed or alienated in any way except upon the transfer of title to said apartment and then only to the transferee of title to such apartment. Any transfer of title to an apartment shall operate automatically to transfer the membership in the Association appurtenant thereto to the new owner thereof. 8.03 Voting 8.03.1 Number of Votes. The total voting power of all owners shall be 100 votes and the total number of votes available to owners of any one apartment shall be equal to the percentage of undivided interest in the common areas and facilities appertaining to such apartment. Business apartment ownership will have 50% of the votes or 50 votes. 8.03.2 Voting Owner. There shall be one (1) "voting representative" of each apartment. Declarant shall be the voting representative with respect to any apartment or apartments owned by Declarant. If a perso owns more than one apartment, he shall have the votes for each apartment owned. The voting representative shall be designated by the owner or owners of each apartment by written notice to the Board, and need not be an owner. The designation shall be revocable at any time by actual notice to the Board from a party having an ownership interest in an apartment, or by actual notice to the Board of the death or judicially declared incompetence of any party with an ownership interest in the apartment. This power of designation and revocation may be exercised by the guardian of an apartment owner, and the administra- tors or executors of an onwer's estate. Where no designation is made, or where a designation has been made, the voting representative of each apartment shall be the group composed of all of its owners. 8.03.3 Joint Owner Disputes. The vote of an apartment must be case as a single vote, and fractional votes shall not be allowed. In the event that joint owners are unable to agree among themselves as to how their vote or votes shall be cast, they shall lose their right to vote on the matter in question. In the event more than one vote is case for a particular apart- ment, none of said votes shall be counted and said votes shall be deemed void. -6- 8.03.4 Pledged Votes. In the event the record owner or owners have pledged their vote regard- ing special matters to a mortgagee or beneficiary of a deed of trust under a duly recorded mortgage or deed of trust, or to the vendor under a duly recorded real estate contract, only the vote of such mortgagee, beneficiary, or vendor will be recognized in regard to the special matters upon which the vote is so pledged, if a copy of the instrument with this pledge has been filed with the Board. Amendments to this subsection shall only be effective upon the written consent of all the voting owners and their respective mortgagees, deed of trust beneficiaries, and vendors, if any. 8.03.5 Voting by Condominium Mortgagee. The mortgagee of the condominium, as defined in Section 19.01, shall be entitled to exercise the votes of Declarant (a) arising from apartments owned by Declarant and against which the mortgagee of the condominium holds a mortgage or deed of trust, and (b) with respect to amendments to this Declaration, subdivision or combining of apartments, abandonment of the condominium status of the property, or reconstruction; provided, however, that said mortgagee may, as to any specific matter on which it has a right to vote in place of Declarant, waive said voting right in writing, in which event Declarant shall be entitled to exercise its votes as to those matters specifically set forth in the written waiver. 8.04 Meetings, Audits, Notices of Meetings 8.04.1 Annual Meetings, Audits. There shall be an annual meeting of the owners in the first quarter of each year at such reasonable place and time as may be designated by written notice of the Board delivered to the owners no less than ten (10) days prior to the date fixed for said meeting. At the annual meeting, there shall be presented an audit of the common expenses, itemizing receipts and disbursements for the preceding calendar year, and the allocation thereof to each owner, and the estimated common expenses for the coming calendar year. The Board at any time, or by written request of owners having at least twenty-four percent (24%) of the total votes, may require that an audit of the Association and management books be pre- sented at any special meeting. An apartment owner, at his own expense, may at any reasonable time make an audit of the books of the Board and Association. 8.04.2 Special Meetings. Special meetings of the owners may be called at any time for the purpose -7- Of considering matters which by the terms of the Act or of this Declaration require the approval of all or some of the owners, or for any other reasonable purpose. Such meetings shall be called by written notice of the president, or after request signed by a majority of the Board, or by written request by the owners having at least twenty-four percent (24%) of the total votes, which notice shall be delivered not less than ten (10) days prior to the date fixed for said meeting. The notice shall specify the date, time and place of the meeting, and in general the matters to be considered. 8.05 Bylaws of Association 8.05.1 Adoption of Bylaws. Bylaws for the administration of the Association and the property, and for other purposes not consistent with the Act or with the intent of this Declaration, shall be adopted by the Association by concurrence of those voting owners holding sixty percent (60%) of the voting power at a regular or special meeting. Notice of the time, place and purpose of such meeting shall be delivered to each apartment owner at least ten (10) days prior to such meeting. Amendments to~he Bylaws may be adopted by the same vote at a regular or special meeting similarly called. Declarant may adopt initial Bylaws. 8.05.2 Bylaws Provisions. The Bylaws shall contain provisions identical to those provided in this Article IX, and may contain supplementary, not inconsistent, provisions regarding the operation of the condominium and administration of the property. The Bylaws shall establish such provisions for quorum, ordering of meetings, and details regarding the giving of notice as may be required for the proper administration of the Association and the property. IX. MANAGEMENT OF CONDOMINIUM 9.01 Management by Declarant. Until a date three (3) years from the date of recording this Declaration, or the date on which Declarant has sold 30 living apartment units, or the date on which Declarant elects to permanently relinquish all of its authority under this Section 9.01 by' written notice to all owners, whichever date first occurs, the property shall be managed and this Association organized as follows, at the decision of the Declarant: 9.01.1 So long as no temporary board is then entitled to exercise management authority under Section 10.01.2, Declarant, or a managing agent selected by Declarant, -8- shall have the power and authority to exercise all the rights, duties and functions of the board, including but not limited to enacting reasonable administrative rules, contracting for required services, property and insurance, and collecting and expending all assessments and Association funds. Any such managing agent or Declarant shall have the exclusive right to contract for all goods and serviceS, payment for which is to be made from any common or maintenance funds. 9.01.2 Declarant may at such times as Declarant deems appropriate select as a temporary board three (3) to seven (7) persons who own, or are purchasers of, apartments or are officers of corporations owning or purchasing such apartments. This board shall have the full authority and all rights, responsibilities, privileges and duties to manage the condominium under this Declaration and the Bylaws, and shall be subject to all provisions of the Declaration and Bylaws. 9.01.3 These requirements and covenants are made in order to assure that the property and condominium will be adequately administered in the initial phases of development, and to assure an orderly transition to Association operations. 9.02 Management by Board. At the expiration of the period designated in Section 9.01, all administrative power and authority shall vest in a Board of five (5) directors elected from among the apartment owners. The Board may delegate all or any portion of such power to a manager, managing agent, or officer of the Association, or in such manner as may be provided by the Bylaws. All Board positions shall be open for election at the first annual meeting after the period of Declarant's authority under Section 9.01 ends. The Board shall elect a president from among its members, who shall preside over meetings of the Board and the meetings of the Association. 9.03 Authority of the Board 9.03.1 The Board (or Declarant or Declarant's managing agent as provided in Section 10.01 hereof) for the benefit or the condominium and the owners shall enforce the provisions of this Declaration and of the Bylaws, shall have all powers and authority permitted to the Board under the Act and the Declaration, and shall acquire and shall pay for out of the common expense fund heroinafter provided for, all goods and services requisite for the proper functioning of the condominium, including but not limited to the following: -9- (a) Water, sewer, garbage collection, electrical, telephone, gas and any other necessary utility service as required for the common areas. If one or more apartments or the common areas are not separately metered, the utility service may be paid as a common expense, and the Board may be reasonable formula allocate a'portion of such expense to each such apartment involved as a portion of its common expense. (b) Policies of insurance or bonds pro- viding coverage for fire and otherhazard, liability for personal injury and property damage, and for fidelity of Association officers and other employees, as the same are more fully required hereafter and in the Bylaws. (c) The services of persons or firms as required to properly manage the affairs of the condominium to the extent deemed advisable by the Board as well as such other personnel as the Board shall determine are necessary or proper for the operation of the common areas, whether such personnel as the Board shall determine are necessary or proper for the operation of the common areas, and whether such personnel are employed directly by the Board or are furnished by the manager or management firm or agent. (d) Legal and accounting services necessary or proper in the operation of the Association affairs, ad- ministration of the common areas, or the enforcement of this Declaration. (e) Painting, maintenance, repair and all landscaping and gardening work for the common areas, and such furnishings and equipment for the common areas as the Board shall determine are necessary and proper, and the Board shall have the esclusive right and duty to acquire the same for the common areas; provided, however, that the interior surfaces of each apartment shall be painted, main- tained and repaired by the owners thereof, all such maintenance to be at the sole cost and expense of the parti- cular owner as more particularly provided in Section 10.04. (f) Any other materials, supplies, labor, services, maintenance, repairs, structural alterations, insurance, taxes or assessments ~hich the Board is required to secure by law or which in its opinion shall be necessary or proper for the operation of the common areas or for the enforcement of this Declaration; provided, that if for any reason such materials, supplies, labor, services, mainte- nance, repairs, structural alterations, insurance, taxes, or assessments are provided for particular apartments or their owners, the cost thereof shall be specially assessed to the owner of such apartment. -10- (g) MainteDance and repair of any apartment, its appurtenances and appliances, if such maintenance or repair is reasonably necessary in the discretion of the Board to protect the common areas or preserve the appearance and value of the condo- minium development, and the owner or owners of said apartment have failed or refused to perform said main- tenance and repair within a reasonable time after written notice of the necessity of said maintenance or repair has been delivered by the Board to the owner or owners; provided that the Board shall levy a spe- cial assessment against the apartment of such owner or owners for the cost of such maintenance or repair. (h) The Board may also pay any amount necessary to discharge any lien oK encumbrance le- vied against the entire property or any part thereof which is claimed to or may, in the opinion of the Board, constitute a lien against the property or against the common areas, rather than merely against the interest therein of particular owners. Where one or more owners are responsible for the existence of such lien, they shall be jointly and severally liable for the cost of discharging it and any costs and ex- penses incurred by the Board by reason of such lien or liens shall be assessed against the owners and the apartment responsible to the extent of their re- sponsibility. (i) The Board's power hereinabove enumerated shall be limited in that the Beard shall have no authority to acquire and pay for out of the maintenance fund capital additions and improvements (other then for purposes of restoring, repairing or replacing portions of the common areas) having a to- tal cost in excess of Five Thousand Dollars ($5,000), without first obtaining the affirmative vote of the owners holding a majority of the voting power pre- sent or represented at a meeting called for such pur- pose, or if no such meeting is held, then the written consent of voting owners having a majority of the voting power; provided that any expenditure or con- tract for capital additions or improvements in ex- cess of Twenty-five Thousand Dollars ($25,000) must be approved by owners having not less than seventy- five percent (75%) of the voting power. (j) Nothing herein contained shall be construed to give the Board authority to conduct an active business for profit on behalf of all of the owners or any of them. -11 - (k) The Board shall have the exclu- sive right to co~tr~.ct ~or all goods and services, payment of which is to be made from the maintanance fund. The Board may delegate such powers subject to the terms hereof. (1) The Board may, from common funds of the Association, acquire and hold in the name of the Association, for the benefit of the owners, tangi- ble and intangible personal property and real property and interests therein, and may dispose of the same by sale or otherwise; and the beneficial interest in such property shall be owned by the owners in the same pro- portion as their respective interest in the common areas, and such property shall thereafter be held, sold, leased, rented, mortgaged or otherwise dealth with for the benefit of the common fund of the Asso- ciation as the Board may direct. The Board shall not, however, in any case acquire real property or personal property valued in excess of Five Thousand Dollars ($5,000) by lease or purchase except upon a majority vote of the apartment owners, or valued in excess of Twenty-five Thousand Dollars ($25,000) except upon a seventy-five percent (75%) affirmative vote of the apartment owners, in the manner specified in subsec- tion 9.03.1(i). (m) The Board and its agents or em- ployees may enter any apartment or limited common area when necessary in connection with any maintenance, landscaping or construction for which the Board is re- sponsible or in the event of emergencies. Such entry shall be made with as little inconvenience to the owners as practicable, and any damage caused thereby shall be repaired by the Board out of the common ex- pense fund if the entry was due to an emergency (un- less the emergency was caused by the owner of the a- partment entered, in which case the cost shall be spe- cifically assessed to the unit entered) or for the purpose of maintenance, or repairs, to common or li- mited common areas where the repairs were undertaken by or under the direction or authority of the Board. If the repairs or maintenance were necessitated by or for the apartment entered or its owners, or requested by its owners, the cost thereof shall be specially as- sessed to such apartment. (n) Each owner, by the mere act of becoming an owner or contract purchaser of an apart- ment, shall irrevocably appoint the Association as his attorney-in-fact, with full power of substitution, to -12- take such action as reasonably necessary to promptly per- form the duties of the Association and Board hereunder, including but not limited to the duties to maintain, repair and improve the property, to deal with the apart- ment upon damage or destruction, and to secure insurance proceeds. 9.04 Authority of Declarant. Declarant shall have the right and standing both before and after selling all units to enforce this Declaration and the covenants associated therewith on behalf of the condominium. X. USE: REGULATION OF USES; ARCHITECTURAL UNIFO~-~ITY 10.01 Residential Use. The living apartments shall be used for single family residential purposes only, on an ownership or lease basis, and for the common social, recreational or other reasonable uses normally incident to such purposes, but may also be used for such additional uses or purposes as are from time to time determined appropriate by Declarant and approved by the Board. Apartments and the buildings may be used for the purposes of operating the Association and for the management of the condominium if required. 10.02 Commercial Use. The business apartments shall be used for commercial business use only, on an ownership or lease basis. No business apartment may be owned or leased for the purpose of operating a restaurant, tavern, or after hours entertainment of any sort. 10.03 Sales Facilities of Declarant. Notwith- standing any provision in Section 10.01, Declarant, its agents, employees and contractors shall be permitted to maintain during the period of sale of the condominium upon such portion of the property as Declarant may choose, such facilities as in the sole opinion of Dectarant may be reasonably required, convenient or incidental to the sale of condominium apartments and interests. 10.04 Common Drive and Walks. Common roads, drives, walks, corridors and stairways shall be used ex- clusively for normal transit and no obstructions shall be placed thereon or therein except by express written consent of the Board. 10.05 Interior Apartment Maintenance 10.05.1 Each apartment owner shall, at his sole expense, have the right and the duty to keep the interior of his apartment and its equipment, appliances, and appurtenances in good order, condition and repair and -13- shall do all redecorating and painting at any time necessary to maintain the good appearance and condition of his apartment. Each owner shall be responsible for the maintenance, repair or replacement of any plumbing fixtures, water heaters, fans, heating or other equipment, electrical fixtures or appliances which may be in or connected with his apartment with the exception of exterior corridor lighting. 10.05.2 Without limiting the generality of the foregoing, each owner shall have the right and the duty, at his sole cost and expense, to maintain, repair, paint, paper, panel, plaster, tile, and finish the interior surfaces of the ceilings, floors, window frames, door frames, trim, and the perimeter walls of the apartment and the surfaces of the bearing walls located within his apartment and shall not permit or commit waste of his apartment or the common areas. Each owner shall have the right to substitute new finished surfaces for the finished surfaces then existing on said ceilings, floors and walls. Each owner and his agent has the right to maintain, repair, paint, finish, alter, substitute, add or remove any fixtures attached to said ceilings, floors or walls; provided, that the window frames shall not be painted. This section shall not be construed as permitting an interference with the use and enjoyment of the common areas or of the other apartments or any of them, nor shall it be construed to limit the power or obligations of the Board hereunder. 10.06 Exterior Appearance. In order to pre- serve a common exterior appearance to the buidling, and the common and limited common areas visible to the public, the Board may require and provide for the painting and other decorative finish of the building, lanais/decks or patio/yard areas, or other common or limited common areas, and prescribe the type and color of such decorative finishes, and may prohibit, require or regulate any modification or decoration of the building, lanais/decks, patio/yard areas or other com- mon or limited common areas undertaken or proposed by any owner. This power of the Board extends to screens, doors, awnings, rails or other visible portions of each apartment and apartment building. The Board may also require the use of a uniform color of draperies, under draperies or drapery lining for all apartments. -14- 10.07 Effect on Insurance. Nothing shall be done or kept in any apartment or in the common areas which will increase the rate of insurance on the common areas or apartments without the prior written consent of the Board. No owner shall permit anything to be done or kept in his apartment or in the common areas which will result in the cancellation of insurance on any apartment or any part of the common areas, or which would be in violation of any laws. 10.08 Signs. No sign of any kind shall be displayed to the public view on or from any living apartment or common area without the prior consent of the Board; provided, that this section shall not apply to Declarant or Declarant's agents. Business apartment signs will be approved by the Declarant and then the Board of Directors. 10.09 Pets. Dogs and cats may be kept as pets in the living apartments, subject to rules and regulations to be adopted by the Board, or Bylaws adopted by the Association. No other animals, which term includes live- stock, domestic animals, poultry, reptiles or living creatures of any kind, shall be raised, bred or kept in any apartment or in the common or limited common areas, whether as pets or otherwise, except subject to rules and regulations adopted by the Board or Bylaws adopted by the Association. The Board may at any time require the removal of any animal which it finds is disturbing other owners unreasonably, in the Board's determination, and may exercise this authority for specific animals even though other animals are permitted to remain. 10.10 Offensive Activity. No noxious or offensive activity shall be carried on in any apartment or co~on area, nor shall anything be done therein which may be or become an annoyance or nuisance to other owners. 10.11 Common Area Alterations. Nothing shall be altered or constructed in or removed from the common areas except upon the written consent of the Board and after procedures required herein or by law. 10.12 House Rules. The Board or the Association membership is empowered to pass, amend and revoke detailed administrative rules and regulations, or "House Rules," necessary or convenient from time to time to insure com- pliance with the general guidelines of this Article and the other provisions of this Declaration. Declarant shall have the right to approve any changes to such rules. -15- XI. COMMON EXPENSES AND ASSESSMENTS 11.01 Estimated Expenses. Within thirty (30) days prior to the beginning of each calendar year, the Board shall do the following: estimate the charges (including common expenses, and any special assess- ments for particular apartments) to be paid during such year; make provision for creating, funding and maintaining reasonable reserves for contingencies, operations, and repair, replacement and acquisition of common areas and facilities; and take into account any expected income and any surplus available from the prior year's operating fund. Declarant or the ini- tial Board may at any suitable time establish the first such estimate. If the sum estimated and bud- geted at any time proves inadequate for any reason (including nonpayment of any reason of any owner's assessment), the Board may at any time levy a further assessment, which shall be assessed to the owners in like proportions. 11.02 Payment by Owners. Each owner shall be obligated to pay assessments made pursuant to this Article to the treasurer for the Association in equal monthly installments on or before the first day of each month during each year, or in such other reasona- ble manner as the Board shall designate, and any un- paid assessments shall bear interest at the rate of twelve percent (12%) per annum from due date until paid. The budget may be reviewed and revised by the member- ship at ally annual meeting, or any special meeting called for such purpose, but if not so reviewed or if no change is made, it shall be deemed approved. 11.03 Purpose. All funds collected hereunder shall be expended for the purposes designated in this Declaration. 11.04 Separate Accounts. The Board shall require that the Association maintain separate accounts for current operations, reserves, and a special sepa- rate reserve account for payment of insurance. Each month the Board shall first deposit to the insurance reserve account that portion of the common expense as- sessment necessary to pay at least one-twelfth of the total cost of all of the insurance policies provided regarding the condominium and such insurance reserve account shall be held separately and inviolate until utilized for payment of insurance premiums. Thereaf- ter the remainder of the assessments collected may be -16- utilized for payment of other expenses or deposited or credited to other accounts. All such assessments shall be collected and held in trust for, and administered and expended for the benefit of, the apartment owners. 11.05 Based on Percentage. Except for cer- tain special assessments which may be levied against particular apartments under the provisions of this Declaration, all assessments for common expenses shall be assessed to apartments and the owners thereof on the basis of the percentages set forth in Exhibit C hereof and any amendments thereto. 11.06 Omission of Assessment. The omis- sion by the Board or the Association before the expi- ration of any year to fix the estimate and assessments hereunder for that or the next year, shall not be deemed a waiver or modification in any respect of the provisions of this Declaration, or a release of the owner from the obligation to pay the assessments, or any installment thereof for that or any subsequent year, but the assessment fixed for the preceding year shall continue until a new assessment is fixed. 11.07 Records. The Board shall cause to be kept detailed, accurate records in the form establish- ed by the Association's accountant of the receipts and expenditures of the Association, specifying and itemiz- ing the maintenance and repair expenses and any other expense incurred. Such records and any resolutions authorizing the payments involved shall be available for examination by any owner at convenient hours of week days. 11.08 Declarant's Liability. For any apart- ment owned by Declarant which is vacant and has not been sold, rented or leased, Declarant shall not be liable for the portion or portions of any common ex- pense assessment other than for the insurance reserve fund. 11.09 Lien Indebtedness. In the event any monthly assessment or special charge attributable to a particular apartment remains delinquent for more than thirty (30) days, the Board may, upon fifteen (15) days written notice to the owner of such apart- ment, accelerate and demand immediate payment of all, or such portion as the Board determines, of the month- ly assessments and special charges which the Board reasonably determines will become due during the next -17- succeeding twelve (12) months with respect to such apartment. Each monthly assessment and each special assessment shall be joint and several personal debts and obligations of the owner or owners and contract purchasers of apartments for which the same are as- sessed as of the time the assessment is made and shall be collectible as such. The amount of any assessment, whether regular or special, assessed to any apartment and the owner and/or purchaser of any apartment, plus interest at the rate of twelve percent (12%) per an- num, and costs, including reasonable attorney's fees, shall be a lien upon such apartment, the appurtenant limited common area and the exclusive use thereof. The said lien for payment of such assessments shall have priority over all other liens and encumbrances, recorded or unrecorded, except that such priority shall be limited as provided in RCW 64.32,200(2). Suit to recover a money judgment or unpaid assessments shall be maintainable without foreclosure or waiving the lien securing the same. 11.10 Certificate of Assessment. A certifi- cate executed and acknowledged by the treasurer or the president of the Board or an authorized agent thereof if neither the president nor treasurer is available, stating the indebtedness for assessments or lack thereof secured by the assessment lien upon any apart- ment shall be conclusive upon the Board and the owners as to the amount of such indebtedness on the date of the certificate, in favor of all persons who rely thereon in good faith, and such a certificate shall be furnished to any owner or any encumbrancer of an apartment within a reasonable time after request, in recordable form, at a reasonable fee. Unless other- wise prohibited by law, any encumbrancer holding a lien on an apartment may pay any unpaid common ex- penses payable with respect to such apartment unit and upon such payment such encumbrancer shall have a lien on such apartment for the amounts paid of the same rank as the lien of his encumbrance. 11.11 Working Capital Fund. A working capi- tal fund will be established by requiring each pur- chaser to pay the equivalent of two months assessment at the time of purchase. 11.12 Security Deposit. An apartment owner may be required, by the Board or by the managing agent, from time to time, to make and maintain a security deposit not in excess of three (3) months estimated -18- monthly assessments, which may be collected as are other assessments. Such deposit shall be ehld in a separate fund, credited to such owner, and resort may be had thereto at any time when such owner is ten (10) days or more delinquent in paying his monthly or other assessments. 11.13 Foreclosure of Assessment Lien; Attorney's Fees and Costs. The manager, Board or Declarant on behalf of the Association may initiate action to foreclose the lien of any assessment. In any action to foreclose a lien against any apartment for nonpayment of delinquent assessments, any judg- ment rendered against the owners of such apartment in favor of the Association shall include a reasona- ble sum for attorney's fees and all costs and ex- penses reasonably incurred in preparation for or in the prosecution of said action, in addition to tax- able costs permitted by law. 11.14 Rental Value. From the time of com- mencement of any action to foreclose a lien against an apartment for nonpayment of delinquent assessments, the owner or purchaser of such apartment shall pay to the Association the reasonable rental value of the apartment to be fixed by the Board, and the plaintiff in any such foreclosure shall be entitled to the ap- pointment of a receiver to collect the same, who may, if said rental is not paid, obtain possession of the apartment, refurbish it for rental up to a reasonable standard for rental units in this type of condominium, rent the apartment or permit its rental to others, and apply rents first to costs of the receivership and attorney's fees thereof, then to costs of refur- bishing the apartment, then to costs, fees and charges of the foreclosure action, then to the payment of the delinquent assessment charges. 11.15 Rental Apartments. With respect to the leasing, renting, or creation of any kind of te- nancy of an apartment by its owner: such owner shall be prohibited from leasing or renting less than the entire apartment or for a term of less than twelve (12) months; and all leasing or rental agreements shall be in writing and be subject to the Declaration and By- laws (with a default by the tenant in complying with the Declaration and Bylaws constituting a default under the lease or rental agreement). If an apart- ment is rented by its owner, the Board may collect and the tenant or lessee shall pay over to the Board -19- so much of the rent for such apartment as is re- quired to pay any amounts due the Board hereunder, plus interest and costs, if the same are in default over thirty (30) days. The renter or lessee shall not have the right to question payment over to the Board, and such payment will discharge the lessee's or renter's duty of payment to the owner for rent, to the extent such rent is paid to the Association, but will not discharge the liability of the owner or pur- chaser and the apartment under this Declaration for assessments, or operate as an approval of the lease. The Board shall not exercise this power where a re- ceiver has been appointed. 11.16 Termination of Utility Service. In addition to and not by way of limitation upon other methods of collecting any assessments, the Board shall have the right, after having given ten (10) days' notice to any apartment owner who is delinquent in paying his assessments, to cut off any or all uti- lity services to the delinquent owner's apartment until such assessments are paid. 11.17 Remedies Cumulative. The remedies provided are cumulative, and the Board may pursue them concurrently, as well as any other remedies which may be available under law although not expressed herein. XII. INSURANCE 12.01 Insurance Coverage. The Board shall obtain and maintain at all times as a common expense a policy or policies and bonds required to provide: 12.01.1 Fire insurance, with extended coverage endorsement, in an amount as near as practi- cable to the full insurable replacement value (with- out deduction for depreciation, but less any other deductions which the Board may find reasonable after consultation with insurance consultants) of the com- mon areas and the apartments, with the Board named as insured as trustee for the benefit of owners and mortgagees as their interest may appear, or such other fire and casualty insurance as the Board shall deter- mine to give substantially equal or greater protec- tion insuring the owners, and their mortgagees, as their interests may appear. Said policy or policies shall provide for separate protection for each apart- ment to the full insurable replacement value thereof -20- (limited as above provided), and a separate loss payable endorsement, in favor of the mortgagee or mortgagees of each apartment, if any, and further, a separate loss payable clause in favor of the mort- gagee of the condominium, if any. All insurance shall be obtained from an insurance carrier rated Triple A (and rated as in Class XI or better finan- cial condition) by Best's Insurance Reports or equi- valent rating service, and licensed to do business in the State of Washington. 12.01.2 General comprehensive lia- bility insurance insuring the Board, the Associa- tion, the owners, Declarant and managing agent against any liability to the public or to the owners of apart- ments and of the common areas and their invitees, or tenants, incident to the ownership or use of the com- mon areas and apartments (including but not limited to owned and non-owned automobile liability, water damage, hot liquor liability, and liability for pro- perty of others), the liability under which insurance shall be in an amount determined by the Board after consulting with insurance consultants, but not less than Two Hundred Thousand Dollars ($200,000) for any one person injured, Five Hundred Thousand Dollars ($500,000) for any one accident, and Fifty Thousand Dollars ($50,000) for property damage (such policy limits to be reviewed at least annually by the Board and increased in its discretion). Such insurance shall contain appropriate provisions or endorsements precluding the insurer from denying the claim of an owner because of the negligent acts of the Associa- tion or another owner. 12.01.3 Workmen's compensation in- surance to the extent required by applicable laws. 12.01.4 Fidelity bonds naming the members of the Board, the manager and such other per- sons as may be designated by the Board as principals and the apartment owners as obligees, in an amount equal to at least one-half of the total estimated cash to be collected as assessments each year. Such fidelity bonds shall contain waivers of any defense based upon the exclusion of persons who serve with- out compensation from any definitions of "employee" or similar expression. -21- 12.01.5 Insurance against loss of personal property of the Association by fire, theft and other losses with deductible provisions as the Board deems advisable. 12.01.6 Such other insurance as the Board deems advisable, including, but not limited to, errors and omissions coverage for the Board members, Association officers, Declarant, and managing agent. 12.02 Owner's Additional Insurance. Each owner may obtain additional insurance respecting his apartment as contemplated under RCW 64.32.220 and 64.32.010(1) at his own expense; no owner shall, how- ever, be entitled to exercise his right to maintain insurance coverage in any manner which would decrease the amount which the Board, or any trustee for the Board, on behalf of all of the owners, will realize under any insurance policy which the Board may have in force on the condominium at any particular time. Each owner is required to and agrees to notify the Board of all improvements by the owner to his apart- ment, the value of which is in excess of One Thousand Dollars ($1,000). Any owner who obtains individual insurance policies covering any portion of the condo- minium other than personal property belonging to such owner is hereby required to file a copy of such indi- vidual policy or policies with the Board within thir- ty (30) days after purchase of such insurance, and the Board shall immediately review its effect with the Board's insurance broker, agent or carrier. 12.03 Insurance Proceeds. Insurance pro- ceeds for damage or destruction to any part of the property shall be paid to the Board on behalf of the Association which shall segregate such proceeds from other funds of the Association for use and payment as provided for in Article XIV. The Association, acting through its Board, shall have the authority to settle and compromise any claim under insurance obtained by the Association and the insurer may accept a release and discharge of liability made by the Board on behalf of the named insureds under the policy. 12.04 Additional Policy Provisions. To the extent deemed practicable and desirable by the Board, after consultation with the Association's in- surance broker, agent or carrier, the insurance policy or policies required under section 13.01 shall: -22- 12.04.1 Provide that the liability of the insurer thereunder shall not be affected by, and that the insurer shall not claim any right of set-off, counterclaim, apportionment, proration, or contribution by reason of any other insurance obtain- ed by or for any apartment owner; 12.04.2 Contain no provision reliev- ing the insurer from liability for loss occurring while the hazard to such buildings is increased, whether or not within the knowledge or control of the Board, or because of any breach of warranty or condi- tion or any other act or neglect by the Board or any apartment owner or any other persons under either of them; 12.02.3 Provide that such policy may not be concelled (whether or not requested by the Board) except by the insurer giving at least sixty (60) days' prior written notice thereto to the Board and every other person in interest who shall have re- quested such notice of the insurer; 12.04.4 Contain a waiver by the in- surer of any right of subrogation to any right of the Board, and the Association, or either against the owner or lessee of any apartment; 12.04.5 Provide that, despite any provision giving the insurer the right to restore damage in lieu of a cash settlement such option shall not be exercisable without the prior written approval of the Association, or when in conflict with the pro- visions of any insurance trust agreement to which the Association is a party, or any requirement of law; and 12.04.6 Contain a standard mortgagee clause which shall: (a) Provide that any reference to a mortgagee in such policy shall mean and include all holders of mortgages of any apartment or apartment lease or sublease of the project, in their respective order and preference, whether or not named therein; (b) Provide that such insurance as to the interest of any mortgagee shall not be invali- dated by any act or neglect of the Board or apartment owners or any persons under any of them; -23- (c) Waive any provision invalidat- ing such mortgage clause by reason of the failure of any mortgagee to notify the insurer of any hazard- ous use or vacancy, any requirement that the mortga- gee pay any premium thereon, and any contribution clause; and (d) Provide that without affecting any protection afforded by such mortgagee clause, any proceeds payable under such policy shall be payable to the Board or the insurance trustee. XIIt. DAFIAGE OR DESTRUCTION; RECONSTRUCTION 13.01 Initial Board Determinations. In the event of damage or destruction to any part of the property, the Board shall promptly, and in all events within sixty (60) days after the date of damage or destruction, make the following determinations with respect thereto employing such advice as the Board deems advisable: 13.01.1 The nature and extent of the damage or destruction, together with an inventory of the improvements and property directly affected thereby. 13.01.2 A reasonably reliable esti- mate of the cost to repair and restore the damage and destruction, which estimate shall, if reasonably practicable, be based upon two or more firm bids ob- tained from responsible contractors. 13.01.3 The anticipated insurance pro- ceeds, if any, to be available from insurance cover- ing the loss based on the amount paid or initially offered by the insurer. 13.01.4 The amount, if any, that the estimated cost of repair and restoration exceeds ~he anticipated insurance proceeds therefor and the amount of assessments to each apartment if such ex- cess was paid as a maintenance expense and specially assessed against all the apartments in proportion to their percentage of interest in the common areas. 13.01.5 The Board's recommendation as to whether such damage or destruction should be re- paired or restored. -24- 13.02 Notice of Damage or Destruction. The Board shall promptly, and in all events within sixty (60) days after the date of damage or destruc- tion, provide each owner, and each mortgagee who had theretofore requested special notice, with a written notice summarizing the initial Board determination made under Section 13.01. If the Board fails to do so within said sixty (60) days, then any owner or mortgagee may make the determinations required under Section 13.01 and give the notice required under this Section 13.02. 13.03 Definitions: Restoration; Emergency Work 13.03.1 As used in this Article XIV, the words "repair," "reconstruct," "rebuild" or "restore" shall mean restoring the improvements to substantially the same condition in which they exist- ed prior to the damage or destruction, with each apartment and the common and limited common areas having substantially the same vertical and horizontal boundaries as before. Modifications to conform to then applicable governmental rules and regulations or available means of construction may be made. 13.03.2 As used in this Article XIII the term "emergency work" shall mean that work which the Board deems reasonably necessary to avoid further damage, destruction or substantial diminution in value to the improvements and to reasonably protect the owners from liability for the condition of the site. 13.04 Restoration by Board 13.04.1 Unless prior to the commence- ment of repair and restoration work (other than emer- gency work referred to in subsection 13.03.2) the owners shall have decided not to repair and recon- struct in accordance with the provisions of either subsection 13.05.3 or 13.06.3, the Board shall prompt- ly repair and restore the damage and destruction, use the available insurance proceeds therefor, and pay for the actual cost of repair and restoration in excess of insurance proceeds secured as a common expense which shall be specially assessed against all apart- ments in proportion to their percentage of interest in the common areas. -25- 13.04.2 The Board shall have the au- thority to employ architects and attorneys, advertise for bids, let contracts to contractors and others, and to take such other action as is reasonably neces- sary to effectuate the repair and restoration. Con- tracts for such repair and restoration shall be award- ed when the Board, by means of insurance proceeds and dufficient assessments, has provision for the cost thereof. The Board may further authorize the insur- ance carrier to proceed with repair and restoration upon satisfaction of the Board that such work will be appropriately carried out. 13.04.3 The Board may enter into a written agreement in recordable form with any repu- table financial institution or trust or escrow com- pany that such firm or institution shall act as an insurance trustee to adjust and settle any claim for such loss in excess of $50,000, or for such firm or institution to collect the insurance proceeds and carry out the provisions of this Article. 13.05 Limited Damage; Assessment Under $3,500. If the amount of the estimated assessment determined under subsection 13.01.4 does not exceed $3,500 for any one apartment, then the provisions of this Section 13.05 shall apply: 13.05.1 Either the Board or a requi- site number of owners, within fifteen (15) days af- ter the notice required under Section 13.02 has been given, may, but shall not be required to, call a spe- cial owners' meeting in accordance with subsection 8.04.2 to consider such repair and restoration work. Any meeting called under this subsection 13.05.1 shall be convened not less than ten (10) and not more than twenty (20) days after the date of such notice of meeting. 13.05.2 Except for emergency work, no repair and restoration work shall be commenced until after said fifteen (15) day period and until after the conclusion of said special meeting if such meeting is called within said fifteen (15) days. 13.05.3 A unanimous decision of the apartment owners will be required to avoid the provi- sions of subsection 13.04.1 and to determine not to repair and restore the damage and destruction; pro- vided, that the failure of the Board or the owners within said fifteen (15) day period to call for said special meeting shall be deemed a unanimous decision to undertake such work. -26- 13.06 Major Damage; Assessment Over $3,500. If the amount of the estimated assessment determined under subsection 13.01.4 exceeds $3,500 for any one apartment, then the provisions of this Section 13.06 shall apply: 13.06.1 The Board shall promptly, and in all events within sixty (60) days after the date of damage or destruction, call a special owners' meeting to consider repair and restoration of such damage or destruction. If the Board fails to do so within said sixty (60) day period, then notwithstand- ing the provisions of subsection 8.04.2 any owner or mortgagee may convene and conduct the meeting requir- ed under this subsection. 13.06.2 Except for emergency work, no repair and restoration work shall be commenced until the conclusion of the special owners' meeting required under subsection 13.06.1. 13.06.3 A concurring vote of more than two-thirds (2/3) of the total voting power will be required to avoid the provision of subsection 13.04.1 and to determine not to repair and restore the damage and destruction; provided, however, that failure of the Board, or owners, or mortgagee to convene the special meeting required under subsec- tion 13.06.1 within ninety (90) days after the date of damage or destruction shall be deemed a unanimous decision not to undertake such repair and restoration work. 13.07 Decision Not to Restore; Disposition. In the event of a decision under either subsections 13.05.3 or 13.06.3 not to repair and restore damage and destruction, the Board may nevertheless expend such of the insurance proceeds and common funds as the Board deems reasonably necessary for emergency work (which emergency work may include but is not necessarily limited to removal of the damaged or des- troyed buildings and clearing, filling and grading the real property), and the remaining funds, if any, and property shall thereafter be held and distribut- ed as follows: 13.07.1 The property shall be owned in common by the apartment owners and shall no longer be subject to this Declaration or to condominium ownership; -27- 13.07.2 The undivided interest in the property owned in common which appertains to each apartment owner shall be the percentage of undivided interest previously owned by such owner in the common areas and facilities; 13.07.3 Any mortgages or liens affect- ing any of the apartments shall be deemed transferr- ed in accordance with the existing priorities to the percentage of the undivided interest of the apart- ment owner in the property as provided herein; and 13.07.4 The property shall be subject to an action for partition at the suit of any apart- ment owner, in which event the net proceeds of sale, together with the net proceeds of the insurance of the property, if any, shall be considered as one fund; such fund shall be divided into separate shares, one for each apartment owner in a percentage equal to the percentage of undivided interest owned by each such owner in the property; then, after first paying all mortgages and liens on the undivided in- terest in the property owned by such apartment owner out of the respective share of each apartment owner (to the extent sufficient for the purpose), the ba- lance remaining in each share shall be distributed to each apartment owner respectively. 13.08 Miscellaneous. The provisions of this Article XIII shall constitute the procedure by which a determination is made by the apartment owners to repair, restore, reconstruct or rebuild as provid- ed in the Act. By the act of accepting an interest in the property, each apartment owner and party claim- ing by, through or under such owner hereby consents and agrees to the provisions hereof. In the event that any provision of this Article XIV shall be de- termined to be invalid or unenforceable by any court of competent jurisdiction, such determination shall not affect the validity of any other provision of this Declaration. The purpose of this Article XIII shall be to provide a fair and equitable method of allocating the costs of repair and restoration and making a determination for repair and restoration if all or a portion of the improvements are damaged or destroyed. The provisions of this Article XIII shall be liberally construed to accomplish such purpose. By unanmmous vote, which vote shall be taken within ninety (90) days after the damage or destruction, the apartment owners may determine to do otherwise than provided in this Article XIII. -28- XIV. CONDEMNATION 14.01 Consequences of Condemnation. If at any time or times during the continuance of the condominium ownership pursuant to this Declaration, all or any part of the property shall be taken or condemned by any public authority or sold or other- wise disposed of in lieu of or in advance thereof, the provisions of this Article XIV shall apply. 14.02 Proceeds. All compensation, da- mages, or other proceeds therefrom, the sum of which is hereinafter called the "Condemnation Award," shall be payable to the Association. 14.03 Complete Taking. In the event that the entire property is taken or condemned, or sold or otherwise disposed of in lieu of or in avoidance thereof, the condominium ownership pursuant hereto shall terminate. The Condemnation Award shall be ap- portioned among the owners in proportion to their re- spective undivided interests in the common areas; provided, that if a standard different from the value of the property as a whole is employed to measure the Condemnation Award in the negotiation, judicial de- cree, or otherwise, then in determining such shares the same standard shall be employed to the extent it is relevant and applicable. On the basis of the fore- going principle, the Board shall as soon as practica- ble determine the share of the Condemnation Award to which each owner is entitled. After first paying out of the respective share of each owner, to the extent sufficient for the purpose, all mortgages and liens on the interest of such owner, the balance remaining in each share shall then be distributed to each owner respectively. 14.04 Partial Taking. In the event that less than the entire property is taken or condemned, or sold or otherwise disposed of in lieu of or in avoidance thereof, the condominium ownership hereun- der shall not terminate. Each owner shall be entitl- ed to a share of the Condemnation Award to be deter- mined in the following manner: 14.04.1 As soon as practicable the Board shall, reasonably and in good faith, allocate the Condemnation Award between compensation, damages, or other proceeds. -29- 14.04.2 The Board shall approtion the amounts so allocated to taking of or injury to the common areas which in turn shall be apportioned among owners in proportion to their respective un- divided interests in the common areas. 14.04.3 The total amount allocated to severance damages shall be apportioned to those apartments which were not taken or condemned. 14.04.4 The respective amounts allo- cated to the taking of or injury to a particular apartment and/or improvements an owner had made within his own apartment shall be apportioned to the particular apartment involved. 14.04.5 The amount allocated to con- sequential damages and any other takings or injuries shall be apportioned as the Board determines to be equitable in the circumstances. 14.04.6 If an allocation of the Con- demnation Award is already established in negotia- tion, judicial decree, or otherwise, then in allo- cating the Condemnation Award the Board shall employ such allocation to the extent it is relevant and applicable. 14.04.7 Distribution of apportioned proceeds shall be made to the respective owners and their respective mortgagees in the manner provided in Section 15.03. XV. COMPLIANCE WITH DECLARATION 15.01 Enforcement. Each owner shall com- ply strictly with the provisions of this Declaration and with the Bylaws and administrative rules and re- gulations passed hereunder, as the same may be law- fully amended from time to time, and with all deci- sions adopted pursuant to this Declaration and the Bylaws and administrative rules and regulations. Failure to comply shall be grounds for an action to recover sums due for damages, or injunctive relief, or both, maintainable by the Board acting through its officers on behalf of the owners, or by the ag- grieved owner on his own. 15.02 No Waiver of Strict Performance. The failure of the Board in any one or more instances to insist upon the strict performance of any of the -30- terms, covenants, conditions or restrictions of this Declaration, or of the Bylaws, or to exercise any right or option contained in such documents, or to serve any notice or to institute any action, shall not be construed as a waiver or relinquishment for the future of such term, covenant, condition or re- striction, but such term, covenant, condition or re- striction shall remain in full force and effect. The receipt by the Board of any assessment from an owner, with knowledge of any such breach, shall not be deem- ed a waiver of such breach, and no waiver by the Board of any provision hereof shall be deemed to have been made unless expressed in writing and signed for the Board. This section also extends to Declarant or Declarant's managing agent, exercising the powers of the Board during the initial period of operation of the Association and the condominium development. XVI. LIMITATION OF LIABILITY 16.01 Liability for Utility Failure, Etc. Except to the extent covered by insurance obtained by the Board pursuant to Article XIII, neither the Association nor the Board (nor Declarant nor Declar- ant's managing agent exercising the powers of the Board) shall be liable for the following: any failure of any utility or other service to be obtained and paid for by the Board; injury or damage to person or property caused by the elements, or resulting from electricity, water, rain, dust or sand which may lead or flow from outside or from any parts of the build- ings, or from any of its pipes, drains, conduits, appliances, or equipment, or from any other place; or for inconvenience or discomfort resulting from any action taken to comply with any law, ordinance or orders of a governmental authority. No diminution or abatement of common expense assessments shall be claimed or allowed for any such utility or service failure, or for such injury or damage, or for such inconvenience or discomfort. 16.02 No Personal Liability. So long as a Board member, or Association committee member, or Association officer, or Declarant or Declarant's managing agent exercising the powers of the Board, has acted in good faith, without willful or intentional misconduct, upon the basis of such information as may be possessed by such person, then no such person shall be personally liable for any damage, loss or preju- dice suffered or claimed on account of any act, omis- -31- sion, error or negligence of such person; provided, that this section shall not apply where the conse- quences of such act, omission, error or negligence are covered by insurance obtained by the Board pur- suant to Article XIII. 16.03 Indemnification of Board Members. Each Board member or Association committee member, or Association officer, or Declarant or Declarant's managing agent exercising the powers of the Board, shall be indemnified by the owners against all ex- penses and liabilities, including attorney's fees, reasonably incurred by or imposed in connection with any proceeding to which such person may be a party, or in which such person may become involved, by rea- son of being or having held such position, or any settlement thereof, whether or not such person holds such position at the time such expenses or liabili- ties are incurred, except in such cases wherein such person is adjudged guilty of willful misfeasance or malfeasance in the performance of his duties; pro- vided, that, in the event of a settlement, the indem- nification shall apply only when the Board approves such settlement and reimbursement as being for the best interests of the Association. XVII. MORTGAGEE PROTECTION 17.01 Priority of Mortgages. Norwithstand- ing all other provisions hereof and as provided in the Act, the liens created under this Declaration up- on any apartment for assessments shall be subject to the rights of the secured party in the case of any indebtedness secured by mortgages or deeds of trust which were made in good faith and for value upon the apartment. Where such mortgagee of the apartment, obtains possession of an apartment as a result of mortgage foreclosure or deed of trust sale, such possessor and his successors and assigns, shall not be liable for the share of the common expenses or assessments by the Association chargeable to such apartment which become due prior to such possession, but will be liable for the common expenses and as- sessments accruing after such possession. Such un- paid share of common expenses or assessments shall be deemed to be common expenses collectible from all of the apartment owners including such possessor, his successor and assigns. -32- 17.02 Change in Manager. In the event that professional management is employed by the As- sociation, at least thirty (30) days' notice of any contemplated change in the professional manager shall be given to any institutional first mortgagee or in- stitutional deed of trust beneficiary which has re~ quested to be notified, and the agreement with such professional manager shall permit cancellation on thirty (30) days' written notice and shall have a term not in excess of one (1) year. 17.03 Abandonment of Condominium Status. Except when acting pursuant to the provisions of the Act involving damage, destruction, or condemnation, the Association shall not, without consent of all institutional first mortgagees and institutional first deed of trust beneficiaries of any apartment, seek to abandon the condominium status of the property, or to abandon, encumber, sell or transfer any of the common areas. 17.04 Partitions and Subdivisions. The Association shall not partition or subdivide any apartment or the appurtenant common and limited com- mon areas, or accept any proposal so to do, without the prior approval of all institutional first mort- gagees or institutional first deed of trust benefi- ciaries of the apartment being.subdivided or parti- tioned. 17.05 Change in Percentage. The Associa- tion shall not change the percentages of interest in the common areas without the prior approval of all institutional first mortgagees or institutional first deed of trust beneficiaries of the apartments, for which the percentages would be changed. 17.06 Copies of Notices. In the event the Association gives to any owner of an apartment any notice that such owner has for more than thirty (30) days failed to meet any obligation under the condominium documents, it shall also give a copy of such notice to any institutional first mortgagee or institutional first deed of trust beneficiary which has requested to be so notified. 17.07 Effect of Declaration Amendments. No amendment of this Declaration shall be effective to modify, change, limit or alter the rights express- ly conferred upon mortgagees in this instrument with -33- respect to any unsatisfied mortgage duly recorded unless the amendment shall be consented to in writ- ing by the holder of such mortgage. 17.08 Insurance. Where the mortgagee of an apartment as defined in Section 18.01 has filed a written request with the Board, the Board shall: 17.08.1 Furnish the mortgagee with a copy of any insurance policy or evidence thereof which is intended to cover the apartment on which such mortgagee has a lien; 17.08.2 Require any insurance car- rier to give such mortgagee at least thirty (30) days' written notice before cancelling or reducing the coverage or limits of any insurance with respect to such property on which mortgagee has a lien; 17.08.3 Not make any settlement of any insurance claims for loss or damage to any such apartment exceeding Five Thousand Dollars ($5,000) without the approval of such mortgagee; provided, that the withholding of such approval shall not be unreasonable or in conflict with the provisions of Article XIII. 17.08.4 Give the mortgagee written notice of any loss or taking affecting common areas, if such loss or taking exceeds One Thousand Dollars ($1,000). 17.09 Inspection of Books. Institutional first mortgagees and institutional deed of trust be- neficiaries shall be entitled to inspect at all rea- sonable hours of weekdays all of the books and records of the Association. XVIII. MORTGAGEE'S RIGHTS AFTER FORECLOSURE 18.01 Apartment and Condominium Mortgagee. Mortgagee of the apartment refers to the holder of the mortgage or deed of trust on an apartment which was recorded simultaneous with or after the recorda- tion of this Declaration. Mortgagee of the condo- minium refers to the holder of the deed of trust or mortgage on the real property which this Declaration affects and which was executed and recorded prior to the recordation of this Declaration. -34- 18.02 Obtaining Declarant's Powers. In the event the mortgagee of the condominium becomes bound by this Declaration by granting one or more partial releases or otherwise, and forecloses its mortgage or deed of trust and obtains possessory rights, legal title, or certificates of sale to the unsold apartment or apartments and appurtenant com- mon areas covered by the respective deed of trust or mortgage liens, then the mortgagee of the condominium may succeed to and assume, to the exclusion of De- clarant, the powers of Declarant as set forth in this Declaration. 18.03 Extention of Declarant's Powers. In the event the mortgagee of the condominium com- mences a foreclosure or accepts title to the unsold units by deed in lieu of foreclosure, during the time Declarant may perform all Board functions pursuant to Section 9.01, then said powers conferred upon Decla- rant by said section, and to which the mortgagee of the condominium may succeed, shall be extended for an additional two (2) years. The mortgagee of the condominium shall be entitled to appoint a receiver during the pendency of any foreclosure and said re- ceiver shall immediately, upon appointment, succeed to and assume the rights and powers of Declarant as set forth in this Declaration, and the receiver shall be entitled to sell unsold condominium units during the pendency of said foreclosure, and said sale shall be subject to confirmation by court order. 18.04 Liability of Mortgagee. In the event the mortgagee of the condominium is conveyed the un- sold apartment units in lieu of foreclosure, or ob- tains possessory rights, legal title or purchaser's certificate to said unsold apartments as a result of the foreclosure of the mortgage or deed of trust co- vering the condominium, then said mortgagee will be liable for only that portion of any assessment against any completed apartment unit so owned by mortgagee (or to which mortgagee has a certificate of purchase) for which Declarant would be liable under Section 12.08; provided, that in no event will the mortgagee' be liable for any past due assessments which accrued or became due prior to the time the mortgagee obtain- ed possession by foreclosure or by deed in lieu of foreclosure; and provided further, that after initial sale if the mortgagee reacquires any apartment unit, or if at any time the mortgagee retains any apartment and grants, rents, or leases the same, the mortgagee -35- shall be liable for the normal assessments for such apartment unit. XIX. EASEMENTS 19.01 In General. It is intended that in addition to rights under the Act, each apartment has an easement in and through each other apartment and the common areas for all support elements and utili- ty, wiring, heat and service elements, and for rea- sonable access thereto, as required to effectuage and continue proper operation of this condominium plan. Without limiting the generality of the foregoing, each apartment and all common areas are specifically subject to an easement for the benefit of each of the other apartments in the building for all duct work for the several apartments for fireplaces and associated flues or chimneys, if any. In addition, each apartment and all the common areas are specifi- cally subject to easements as required for the inter- com and electrical entry system, if any, for the electrical wiring and plumbing, for the air condi- tioning lines and equipment, if any, for each apart- ment, for the vacuum system roughed-in in each unit, if any, for the intercom system, if any, and for the master antenna cable system, if any. Finally, each apartment as it is constructed is granted an ease- ment to which each other apartment and all common areas are subject for the location and maintenance of all the original equipment and facilities and utili- ties for each apartment. The specific mention or re- servation of any easement in this Declaration does not limit or negate the general easement for common faci- lities reserved by law. 19.02 Association Functions. There are hereby reserved to Declarant and the Association, or their duly authorized agents and representatives, such easements as are necessary to perform the duties and obligations of the Association as are set forth in the Declaration, or in the Bylaws, and the Asso- ciation Rules. 19.03 Encroachments. Each apartment and all common areas are hereby declared to have an ease- ment over all adjoining apartments and common areas for the purpose of accomodating any encroachment due to engineering errors, errors in original construction, settlement or shifting of the building, or any other similar cause, and any encroachment due to building -36- overhang or projection. There shall be valid ease- ments for the maintenance of said encroachments so long as they shall exist, and the rights and obliga- tions of owners shall not be altered in any way by said encroachment, settling or shifting; provided, however, that in no event shall a valid easement for encroachment be created in favor of an owner or owners if said encroachment occurred due to the will- ful act or acts with full knowledge of said owner or owners. In the event an apartment area or common area is partially or totally destroyed, and then re- paired or rebuilt, the owners agree that minor en- croachments over adjoining apartments and common areas shall be permitted, and that there shall be valid easements for the maintenance of said encroach- ments so long as they shall exist. The foregoing en- croachments shall not be construed to the encumbrances affecting the marketability of title to any apartment. XX. PROCEDURES FOR SUBDIVIDING OR COMBINING 20.01 Procedure. Subdivisions and/or com- bining of any apartment or apartments, common areas and facilities are authorized only as follows: 20.01.1 Any owner of any apartment or apartments may propose any subdividing or combin- ing of an apartment or apartments, and appurtenant common areas or limited common areas in writing, to- gether with complete plans and specifications for ac- complishing the same and a proposed amendment to the Declaration, Survey Map and Plans covering such sub- dividing or combining, to the Board, which shall then notify all other apartment owners of the requested subdivision or combination. 20.01.2 Upon written approval of such proposal by sixty percent (60%) of the owners, the owner making the proposal may proceed according to such plans and specifications; provided that the Board may in its discretion (but it is not mandatory that the Board exercise this authority) require that the Board administer the work or that provisions for the protection of other apartments or common areas or reasonable deadlines for completion of the work be inserted in the contracts for the work. 20.01.3 The changes in the Survey Map, if any, and the changes in the Plans and Declar- ations shall be placed of record as amendments to the Survey Map, Plans and Declaration of Condominium in accordance with the provisions of Section 20.01. -37- XXI. AMENDMENT OF DECLARATION, SURVEY MAP, PLANS 21.01 Declaration Amendment. Amendments to the Declaration shall be made by an instrument in writing entitled "Amendment to Declaration" which sets forth the entire amendment. Except as otherwise spe- cifically provided for in this Declaration, any pro- posed amendment must be approved by a majority of the Board prior to its adoption by the owners. Amendments may be adopted at a meeting of the owners if sixty percent (60%) of the owners vote for such amendment, or without any meeting if all owners have been duly notified and sixty percent (60%) of the owners consent in writing to such amendment. In all events, the amendment when adopted shall bear the signature of the president of the Association and shall be attest- ed by the secretary, who shall state whether the amendment was property adopted, and shall be acknow- ledged by them as officers of the Association. Amend- ments once properly adopted shall be effective upon recording in the appropriate governmental offices. Any decision changing the values and percentage of interest expressed herein shall require the unanimous consent of the apartment owners and their mortgagees. It is specifically covenanted and understood that any amendment to this Declaration properly adopted will be completely effective to amend any or all of the covenants, conditions and restrictions contained here- in which may be affected and any or all clauses of this Declaration or Survey Map and Plans unless other- wise specifically provided in the section being amended or the amendment itself. This Declaration shall not be amended or merged with a successor con- dominium regime without prior written approval of the Administrator of the Veterans Administration. 21.02 Map and Plans Amendment. Except as otherwise provided herein, the Survey Map and Plans may be amended by revised versions or revised portions thereof referred to and described as to effect in an amendment to the Declaration adopted as provided for herein. Copies of any such proposed amendment to the Survey Map and Plans shall be made available for the examination of every owner. Such amendment to the Survey Map and Plans shall also be effective, once properly adopted upon recordation in the appropriate county office in conjunction with the Declaration amendment. -38- 21.03 Amendments by Declarant. Declarant may at any time during the period of Declarant's management authority provided under Section 9.01 re- cord an amendment to the Declaration changing the person who is to receive service of process and such amendment need be acknowledged by Declarant and the Administrator of the Veterans Administration and need not otherwise comply with the requirements of this Article XXI. XXII~ MISCELLANEOUS 22.01 Service of Process. Gary R. Prisk, whose business address is #15 Eagle Harbor Lane N.E., Bainbridge Island, Wa. 98110, is the person up- on whom process may be served as provided for in the Act. After organization of the Association, service of process for the purposes provided in the Act may also be made upon the president of the Association. The Board may at any time designate a new or differ- ent person or agency for such purposes by filing an amendment to this Declaration limited to the sole purpose of making such change, and such amendment need only be signed and acknowledged by the then president of the Association. Declarant may, at any time before the Board is organized, change such de- signation by amendment to the Declaration signed and acknowledged only by Declarant. 22.02 Notices for All Purposes. 22.02.1 Delivery of Notice. Any no- tice permitted or required to be delivered under the provisions of this Declaration or the Bylaws may be delivered either personally or by mail. If delivery is made by mail, any such notice shall be deemed to have been delivered twenty-four (24) hours after a copy has been deposited in the United States mail, postage prepaid for first class mail, addressed to the person entitled to such notice at the most recent address given by such person to the Board, in writing, for the purpose of service of such notice, or to the most recent address known to the Board. Notice to the owner or owners of any apartment shall be suffi- cient if mailed to the apartment of such person or persons if no other mailing address has been given to the Board by any of the persons so entitled. Mail- ing addresses may be changed from time to time by notice in writing to the Board. Notice to be given to the Board may be given to Declarant until the -39- Association and Board have been constituted and thereafter shall be given to the president or se- cretary of the Board. 22.02.2 Mortgagee Notice. Upon written request therefor, and for a period of three years (or such longer time as the Board may set) after such request, a vendor, mortgagee, or deed of trust beneficiary of any apartment shall be entitled to be sent a copy of any notices respecting the apart- ment covered by his security instrument until the request is withdrawn or the security right discharg- ed. Such written request may be renewed an unlimit- ed number of times. 22.03 Mortgagee's Acceptance 22.03.1 Priority of Mortgage. State Savings and Loan Association holds a mortgage cover- ing all of the property described in Exhibit A. Said mortgagee shall not have executed this Declaration at the time it is initially filed. This Declaration shall not initially be binding upon said mortgagee but rather shall be subject and subordinate to said mortgage. 22.03.2 Acceptance Upon First Con- veyance. Declarant shall not consummate the con- veyance of title of any apartment until said mortga- gee shall have accepted the provisions of this De- claration and made appropriate arrangements, in ac- cordance with the Act, for partial release of apart- ments with their appurtenant limited common areas and percentages of interest in common areas from the lien of said mortgage. The issuance and recording of the first such partial release by said mortgagee shall constitute its acceptance of the provisions of this Declaration and the condominium status of the apart- ments remaining subject to its mortgage as well as its acknowledgment that such appropriate arrange- ments for partial release of apartments have been made; provided, that, except as to apartments so re- leased, said mortgage shall remain in full effect as to the entire property. 22.04 Severability. The provisions here- of shall be deemed independent and severable, and the invalidity or partial invalidity or unenforceability of any one provision or portion thereof shall not af- fect the validity or enforceability of any other pro- -40- vision hereof, if the remainder complies with the Act or as covenants effect the common plan. 22.05 Effective Date. This Declaration shall take effect upon recording. 22.06 Reference to Survey Map and Plans. The Survey Map and Plans of the buildings referred to herein were filed with the Auditor of Kitsap County, Washington, simultaneously with the record- ing of this Declaration under File No. in Volume of Condominiums, pages XXIII. INTERPRETATION 23.01 Liberal Construction. The provi- sions of this Declaration shall be liberally constru- ed to effectuate its purpose of creating a uniform plan for the development and operation of this Hori- zontal Property Regime under the provisions of Washington law. It is intended and covenanted also that, insofar as it affects this Declaration and condominium, the provisions of the Act referenced herein under which this Declaration is operative, shall be liberally construed to effectuate the in- tent of this Declaration insofar as reasonably possi- ble. 23.02 Covenant Running with Land. It is intended that this Declaration shall be operative as a set of covenants running with the land, or equita- ble servitudes, supplementing and interpreting the Act, and operating independently of the Act should the Act be, in any respect, inapplicable. 23.03 Apartment and Building Boundary. In interpreting the Survey Map and Plans, the existing physical boundaries of the buildings and each apart- ment as constructed shall be conclusively presumed to be its boundaries. 23.04 "Person," etc. When interpreting this Declaration, the term "person" may include natural persons, partnerships, corporations, asso- ciations, and personal representatives. The term "mortgage" may be read to include deeds of trust. The singular may include the plural and the mascu- line may include the feminine, or vice versa, where the context so admits or requires. -41- DECLARATION AND COVENANTS, CONDITIONS, RESTRICTIONS AND RESERVATIONS FOR WINSLOW GREENS A Condominium EXHIBIT A The East 401 feet of the South 317 feet as of the Northeast quarter of the Plat of Subdivision of the Southeast quarter of Section 27, township 25 North, Range 2 East, W.M.; Volume 3, Page 73, records of Kitsap County, Washington; Except Madison Avenue, and except the South 20 feet for West Winslow Way Road; All situate in Kitsap County, Washington. 23.05 Declarant is Original Owner. De- clarant is the original owner of all apartments and property and will continue to be deemed the owner thereof except as conveyances or documents changing such ownership regarding specifically described apartments are filed of record. 23.06 Captions and Schedules. Captions given to the various Articles and Sections herein are for convenience only and are not intended to modify or affect the meaning of any of the substan- tive provisions hereof. The various schedules referred to herein and attached hereto shall be deemed incorporated herein by reference as though fully set forth where such reference is made. 23.07 Inflationary Increase in Dollar Limits. The dollar amounts specified in Articles X, XII, XIV and SVIII may, in the discretion of the Board, be increased proportionally by the in- crease in the consumer price index for the Seattle-Everett Metropolitan area for all urban consumers, prepared by the United States Department of Labor for the base period January 1, 1982. XXIV. WARRANTY 24.01 Warranty for Apartment Unit. Declarant warrants the Apartment unit for one year from date of settlement or occupancy, whichever occurs first, against construction defects. 24.02 Warranty for Common Areas. Declarant warrants common areas for one year when 60% ownership votes be with the owners. DATED this day of , 19 DECLARANT WINSLOW GREENS INC. a Washington Corporation to be formed. By Gary R. Prisk, President -42- DECLARATION AND COVENANTS, CONDITIONS, RESTRICTIONS AND RESERVATIONS FOR WINSLOW GREENS A Condominium EXHIBIT B Description of Living Apartments Apartment Number Square Feet Bedrooms Baths Building 1 1 1200 2 2 2 1200 2 2 3 1200 2 2 4 1200 2 2 5 1200 2 2 6 1200 2 2 7 1200 2 2 8 1200 2 2 9 1200 2 2 10 1200 2 2 Building 2 11 1200 2 2 12 1200 2 2 14 1200 2 2 15 1200 2 2 16 1200 2 2 17 1200 2 2 18 1200 2 2 19 1200 2 2 Building 3 20 1200 2 2 21 1200 2 2 22 1200 2 2 23 1200 2 2 24 1200 2 2 25 1200 2 2 26 1200 2 2 27 1200 2 2 28 1200 2 2 29 1200 2 2 30 1200 2 2 31 1200 2 2 32 1200 2 2 33 1200 2 2 34 1200 2 2 35 1200 2 2 B-1 DECLARATION AND COVENANTS, CONDITIONS, RESTRICTIONS AND RESERVATIONS FOR WINSLOW GREENS A Condominium EXHIBIT B Description of Business Apartments Apartment Number Square Feet Building 1 A 1116 B 1078 C 1078 D 1078 Building 2 F 7~0 G 1078 H 1078 I 1116 Building 3 J 7~0 K 1078 L 1078 M 1166 N 1166 O 1078 P 1078 Q 7~ B-2 DECLARATION AND COVENANTS, CONDITIONS, RESTRICTIONS, AND RESERVATIONS FOR WINSLOW GREENS EXHIBIT C Description of Living Apartment Value and Percentage of Interest Apartment Number Square Feet Value Building 1 1 1200 78,500 2 1200 79,500 3 1200 79,500 4 1200 79,500 5 1200 78,500 6 1200 83,500 7 1200 84,500 8 1200 84,500 9 1200 84,500 10 1200 83,500 Percentage 1.42 1 43 1 43 1 43 1 42 1 50 1 52 1.52 1.52 1.50 Building 2 11 1200 78,500 1.42 12 1200 79,500 1.43 14 1200 79,500 1.43 15 1200 78,500 1.42 16 1200 83,500 1.50 17 1200 84,500 1.52 18 1200 84,500 1.52 19 1200 83,500 1.50 Building 3 20 1200 21 1200 22 1200 23 1200 24 1200 25 1200 26 1200 27 1200 28 1200 29 1200 30 1200 31 1200 32 1200 33 1200 34 1200 35 1200 78,500 79,500 79,500 79,500 79,500 79,500 79,500 78,500 83,500 84.500 84.500 84500 84500 84500 84 500 83,500 1.42 1.43 1.43 1.43 1.43 1.43 1.43 1.42 1.50 1.52 1.52 1.52 1.52 1.52 1.52 1.50 C-1 PHASE I COMPLETED DECLARATION AND COVENANTS, CONDITIONS, RESTRICTIONS, AND RESERVATIONS FOR WINSLOW GREENS EXHIBIT C Description of Business Apartment Value and Percentage of Interest Apartment Number Square Feet Value Percentage Building 1 A 1116 109,800 3.282 B 1078 104,600 3,127 C 1078 99,300 2,968 D 1078 99,300 2.968 E 740 87,000 2,600 Building 2 F 740 87,000 2,600 G 1078 102,600 1,533 H 1078 102,600 1,533 I 1116 109,800 3,282 Building 3 J 740 87,000 2,600 K 1078 100,300 2.998 L 1078 98,100 2,932 M 1166 98,100 2.932 N 1166 98,100 2,932 O 1078 99,300 2.968 P 1078 102,600 1.533 Q 740 87,000 2.600 C-2 PROPOSED MONTHLY BUDGET FOR ASSOCIATION OF CONDOMINIUM OWNERS FOR THE WINSLOW GREENS CONDOMINIUM Per Ownership Insurance Fire & Liability Utilities Maintenance of Grounds Exterior Maintenance of Residence Total Average Monthly Fee Average $ 7.50 40.00 20.00 17.50 $ 85.00 WINSLOW GREENS CONDOMINIUM INFOrmATION FACT SHEET As an owner of a condominium apartment, you acquire individual and absolute title to the particular cube of space within the exterior walls of your home or business. Your ownership of your apartment is as complete and absolute as ownership of a house and lot. You have title to your apartment just as you would have title to a single family home - with the same legal status and financial advantages that are held by the single family house owner. You are only liable for your own mortgage payments and not for your neighbor's. In addition, you own an undivided interest - collectively with all other apartment owners in the building - in all of the "common" parts of the property, such as the land, foundation, main walls, roof, recreation building, stairways and so forth. Each residence owner is automatically a member of the condominium homeowners' association. It is governed by a board of directors elected by the homeowners at their annual membership meeting. As a member, you must pay an assessment to the association for your share of the expenses of maintaining the common areas and facilities. This monthly fee covers: 1. Fire and liability insurance. 2. Maintenance of the grounds. 3. Exterior maintenance of your residence. 4. Utilities charges (water, sewer & garbage). The association does not provide owner's title insurance and if such insurance is desired, it is the buyer's responsibility to purchase it. The buyer must also -1- obtain his own insurance for personal property. You may redecorate the interior of your residence as you desire. Changes to the exterior of the re- sidence must be approved by the homeowners' associa- tion. This is necessary to maintain the architec- tural beauty and the inherent values of the condo- miniums. Indiscriminate changes and additions, if permitted, could result in loss of value for both you and your neighbors. -2- BYLAWS OF WINSLOW GREENS CONDOMINIUM ARTICLE I. OBJECT AND DEFINITIONS 1.1 Purpose. The purpose for which this Asso- ciation is formed is to govern the condominium pro- perty situate in the County of Kitsap, State of Washington, which property has been submitted to the provisions of the Horizontal Property Regimes Act of the State of Washington by a Declaration entitled "Declaration and Covenants, Conditions, Restrictions and Reservations" establishing a plan for condominium owners of Winslow Greens Condominium (hereafter re- ferred to as the "Declarator")o 1.2 Assent. All present or future owners, tenants, future tenants, or other persons using the facilities of the project in any manner are subject to the regulations set forth in these Bylaws. The mere acquisition or rental of any of the condominium apartments (hereinafter referred to as "apartments") in the project or the mere act of occupancy of any of said apartments shall constitute ratification of these Bylaws. 1.3 Definitions. Unless otherwise specified, all terms shall have the same meaning in these Bylaws as such terms have in the Declaration. The term "Owners" and "members" as used herein shall be synony- mous. ARTICLE 2. MEMBERSHIP, VOTING, MEETINGS AND ADMINIS- TRATION 2.1 Matters Governed by Declaration. With re- gard to various matters including menlbership, meetings, and voting, reference is made to Article XIII of the Declaration, which is incorporated herein as though fully set forth. 2.2 Additional Administrative Provisions. 2.2.1 Majority of Owners. As used in .these Bylaws the term "majority of owners" shall mean those owners of more than fifty percent (50%) of the undi- vided ownership of the general common areas. -1- 2.2.2 Quorum. Except as otherwise pro- vided in these Bylaws, the presence in person or by proxy of a "majority of owners" as above defined shall constitute a quorum. An affirmative vote of a majori- ty of the owners present, either in person or by proxy, shall be required to transact business; pro- vided, however, that no business shall be transacted unless a minimum of thirty percent (30%) of all of the owners, either in person or by proxy, vote affirm- atively, and no Board member shall be removed unless a majority of unit owners vote affirmatively therefor. 2.2.3 Proxies. Votes may be case in per- son or by proxy. Proxies shall be in writing and the signatures must be witnessed or acknowledged. Proxies must be filed with the Secretary before the appointed time of each meeting. No proxy shall be valid for a period longer than 11 months after the date thereof. 2.2.4 Voting by Mail. The Baord may decide that voting of the members shall be by mail with re- spect to any particular election of the Board or with respect to any proposed amendment to the Declaration or Bylaws, or with respect to any other matter for which approval by owners is required by the Declara- tion or Bylaws, in accordance with the following pro- cedure: (a) In case of election of Board Members by mail, the existing Board members shall advise the Secretary in writing of the names of propos- ed Board members sufficient to constitute a full Board and of a date at least 50 days after such advice is given by which all votes are to be re- ceived. The Secretary within 5 days after such advice is given shall give written notice of the number of Board members to be elected and of the anmes of the nominees to all owners of each mem- bership. The notice shall state that any such owner may nominate an additional candidate or candidates, not to exceed the number of Board members to be elected, by notice in writing to the Secretary at the specified address of the principal office of the Association, to be re- ceived on or before a specified date 15 days from the date the notice is given by the Secre- tary. Within 5 days after such specified date the Secretary shall give written notice to all owners of a membership, stating the number of -2- Board members to be elected, stating the names of all persons nominated by the Board and by the members on or before said specified date, stat- ing that each owner may cast a vote by mail and stating the date established by the Board by which such votes must be received by the Secre- tary at the address of the principal office of the Association, which shall be specified on the notice. Votes received after that date shall not be effective. All persons elected as Board members pursuant to such an election by mail by receipt of the number of votes required by ap- plicable law shall take office effective on the date specified in the notice for receipt of such votes. (b) In the case of a vote by mail relating to any other matter, the Secretary shall give written notice to all owners of each membership which notice shall include a proposed written re- solution setting forth a description of the pro- posed action, and shall state that such persons are entitled to vote by mail for or against such proposal and stating a date not less than 20 days after the date such notice shall have been given on or before which all votes must be received and stating that they must be sent to the speci- fied address of the principal office of the Asso- ciation. Votes received after that date shall not be effective. Any such proposal shall be adopted if approved by the affirmative vote of not less than a majority of the votes entitled to be cast on such question, unless a greater or lesser voting requirement is established by the Declaration or Bylaws for the matter in question. (c) Delivery of a vote in writing to the principal office of the Association shall be equivalent to receipt of a vote by mail at such address for the purpose of this ection 2.2.4. 2.2.5 Adjourned Meeting. If any meeting of the owners cannot be organized because a quorum has not attended, the owners who are present either in person or by proxy, may adjourn the meeting to a time not less than forty-eight hours from the time the original meeting was called. 2.2.6 Order of Business. The order of business at all meetings of the owners of apartments shall be as follows: -3- A. Roll call. B. Proof of Notice of meeting or waiver of notice. C. Reading of minutes of preceding meet- ing. D. Reports of officers. E. Reports of committees. F. Election of Board members (annual meeting only). G. Unfinished business. H. New business. ARCITLE 3. MANAGEMENT OF CONDOMINIUM 3.1 In General. The affairs of theAssociationsball be governed by a Board which, after Declarant's management authority ends, shall be composed of five (5) members. With regard to initial management by Declarant (or a temporary Board selected by Declar- ant), transfer of management to the permanent Board, and the Board's authority, reference is made to Article IX of the Declaration, which is incorporated herein as though fully set forth. 3.2 Additional Provisions Regarding Board. 3.2.1 Election and Term of Officers. The members of the initial Board (that is the first Board elected by the owners after Declarant's mangement authority ends) shall serve for at least a one-year term of office; provided, that at the Association meeting at which the initial Board is elected, the owners shall adopt voting procedures designed to as- sure that the expiration dates for the terms of the initial Board members are staggered. 3.2.2 Vacancies. Vacancies in the Board caused by any reason other than the removal of a Board member by a vote of the Association shall be filled by a vote of the majority of the remaining Board members, even though they may constitute less than a quorum; and each person so elected shall be a Board member until a successor is elected at the next annual meeting of the Association. -4- 3.2.3 Removal of Board Members. At any regular meeting or at any special meeting called for that purpose, any one or more of the Board members may be removed with or without cause, by a majority of all of the apartment owners, and a successor may then and there be elected to fill the vacancy thus crea~ed. Any Board member whose removal has been so proposed by the owners shall be given an opportunity to be heard at the meeting. Notwithstanding the above, until Declarant's management authority ends, only Declarant shall have the right to remove a Board member. 3.2.4 Organization Meeting. The first meeting of a newly elected Board shall be held imme- diately following the annual meeting and no notice shall be necessary to the newly elected Board members in order legally to constitute such meeting. 3.2.5 Regular Meetings. Regular meetings of the Board may be held at such time and place as shall be determined, from time to time, by a majority of the Board members, but at least two such meetings shall be held during each fiscal year and one such meeting shall be held immediately following the annual meeting of owners. Notice of regular meetings of the Board shall be given to each Board member, personally or by mail, telephone or telegraph, at least three days prior to the day named for such meeting. 3.2.6 Special Meetings. Special meetings of the Board may be called by the President on three days' notice to each Board member, given personally, or by mail, telephone or telegraph, which notice shall state the time, place (as hereinabove provided), and purpose of the meeting. Special meetings of the Board shall be called by the President or Secretary in like manner and on like notice on the written re- quest of at least two Board members. 3.2.7 Waiver of Notice. Before, at or after any meeting of the Board, any Board member may, in writing, waive notice of such meeting and such waiver shall be deemed equivalent to the giving of such notice. Attendance by a Board member at any meeting of the Board shall be a waiver of notice by him of the time and place thereof. If all the Board members are present at any meeting of the Board, no notice shall be required and any business may be transacted at such meeting. -5- 3.2.8 Quorum. At all meetings of the Board, a majority thereof shall constitute a quorum for the transaction of business, and the acts of the majority of the Board members present at a meeting at which a quorum is present shall be the acts of the Board. If, at any meeting of the Board, there be less than a quo- rum present, the majority of those present may adjourn the meeting from time to time. At any such adjourned meeting, any business which might have been transact- ed at the meeting as originally called may be trans- acted without further notice. 3.2.9 Fidelity Bonds. The Board may re- quire that all officers and employees of the Associa- tion handling or responsible for Association funds shall furnish adequate fidelity bonds. The premiums on such bonds shall be paid by the Association. 3.2.10 Board Fees. Each Board member shall receive such sum as the owners may from time to time determine, plus transportation expenses, for attendance at any regular or special meeting of the Board. ARTICLE 4. OFFICERS 4.1 Designation. The officers of the Associa- tion shall be a President, a Vice President, a Secre- tary and a Treasurer, all of whom shall be elected by the Board. 4.2 Election of Officers. The officers of the Association shall be elected annually by the Board at the organizational meeting of each new Board and shall hold office at the pleasure of the Board. Any person may hold concurrently any two offices (and may also concurrently be a Board member), except that the same person may not concurrently hold the offices of Presi- dent and Secretary. The office of Vice President need not be filled. 4.3 Removal of Officers. Upon an affirmative vote of a majority of the members of the Board, any officer may be removed, with or without cause, and his successor elected at any regular meeting of the Board, or at any special meeting of the Board called for such purpose. -6- 4.4 President. The President shall be the chief executive officer of the Association. He shall preside at all meetings of the Association and the Board. He shall have all of the general powers and duties which are usually vested in the office of the President of a non-profit association including, but not limited to, the power'to appoint committees from among the owners from time to time as he may in his discretion decide is appropriate to assist in the con- duct of the affairs of the Association. 4.5 Vice President. A Vice President shall have all the powers and authority and perform all of the functions and duties of the President in the ab- sence of the President or his anability for any rea- son to exercise such powers and functions or perform such duties. 4.6 Secretary. The secretary shall keep the minutes of meetings of the Board and minutes of meet- ings of the Association; he shall have charge of such books and papers as the Board may direct; and he shall in general perform all the duties incident to the office of Secretary. The Secretary shall compile and keep up to date at the principal office of the Asso- ciation a complete list of members and their regis- tered mailing addresses. Such list shall also show opposite each member's name the numbe~ or other appro- priate designation of the apartment owned by such member. Such list shall be open to inspection by mem- bers and other persons lawfully entitled to inspect the same at reasonable times during regular business hours. 4.7 Treasurer. The Treasurer shall have respon- sibility for Association funds and shall be responsi- ble for keeping full and accurate accounts of all re- Ceipts and disbursements in books belonging to the Association. He shall be responsible for the deposit of all monies and other valuable effects in the name and to the credit of the Association in such deposi- tories as may from time to time be designated by the Board. 4.8 Assistant Secretary. The Board may appoint one or more AssiStant Secretaries to perform all of the duties of the Secretary in the absence of the Secretary. -7- 4.9 Assistant Treasurer. The Board may appoint one or more Assistant Treasurers to perform all of the duties of the Treasurer in the absence of the Treasurer. ARTICLE 5. INDEMNIFICATION OF OFFICERS AND MANAGERS 5.1 Indemnification. The Association shall indemnify every Board member or officer, and his or her heirs, executors and administrators as provided in Article XVI of the Declaration. Nothing contained in said Article XVI shall, however, be deemed to ob- ligate the Association to indemnify any member or owner of a condominium apartment who is or has been a Board member or officer of the Association with re- spect to any duties or obligations assumed or liabi- lities incurred by him under and by virtue of the Condominium Delcaration as a member or owner of a condominium apartment covered thereby. ARTICLE 6. OBLIGATIONS OF OWNERS 6.1 In General. Each owner shall always en- deabor to observe and promote the cooperative pur- poses for the accomplishment of which Viking's Crest Condominium was built and each owner shall comply strictly with all provisions of the Declaration. Without limiting the generality of the foregoing, particular reference is made to Articles X, XI and XV of the Declaration, which are incorporated herein as though fully set forth. 6.2 Use of General Common Areas. Each owner shall use the general common areas and the limited common areas in accordance with the purpose for which they were intended without hindering or encroaching upon the lawful rights of the other owners. 6.3 Right of Entry. 6.3.1 An owner shall permit the managing Agent or other person authorized by the Board the right of access to the owner's apartment from time to time during reasonable hours as may be necessary for the maintenance, repair or replacement of the common areas, or at any time deemed necessary by the Managing Agent or Board for the making of emergency repairs or to prevent damage to any of the common areas. -8- 6.3.2 An owner shall permit the Managing Agent or other persons authorized by the Board, or other owners, or their representatives, when so re- quired, to enter his apartment for the purpose of performing installations, alterations or repairs to the mechanical or electrical services, or to the apart- ments of such other owners; provided that requests for entry are made in advance and that such entry is at a time convenient to the owner. In case of an emergency, such right of entry shall be immediate. 6.4 Power of Attorney. Each owner shall, upon becoming an owner of a condominium apartment, execute a power of attorney in favor of the Association, ir- revocably appointing the Association his attorney-in- fact to maintain, repair and improve the buildings and common areas, and to deal with the owner's condo- minium apartment upon its destruction or obsolescence and regarding insurance proceeds as is provided in the Declaration. The purpose of such execution shall be more fully to evidence such appointment, but fail- ure to execute such power of attorney shall in no way derogate from the appointment provided in the De- claration. ARTICLE 7. BYLAWS 7.1 Amendments. Bylaws (and amendments there- to) for the administration of the Association and the property, and for other purposes not inconsistent with the Act or with the intent of the Declaration, shall be adopted by the Association by concurrence of those voting owners holding sixty percent (60%) of the vot- ing power at a regular or special meeting. Notice of the time, place and purpose of such meeting shall be delivered to each apartment owner at least ten (10) days prior to such meeting. ARTICLE 8. MORTGAGES 8.1 Notice to Association. An owner who mort- gages his apartment shall notify the Association through the Managing Agent, if any, or the President of the Board, giving the name and address of his mortgagee. The Association shall maintain such in- formation in a book or list entitled "Mortagees of Apartments." -9- 8.2 Notice Of Unpaid Assessments. The Asso- ciation shall at the request of a mortgagee of an apartment report any unpaid assessments due from the owner of such apartment. ARTICLE 9. EVIDENCE OF OWNERSHIP, REGISTRATION OF MAILING ADDRESS AND REQUIRED PROXIES 9.1 Proof of Ownership. Any person on becom- ing an owner of a condominium apartment shall fur- nish to the Managing Agent or Board a photocopy of a certified copy of the recorded instrument vesting that person with an interest or ownership, which instrument shall remain in the files of the Associa- tion. A member shall not be deemed to be in good standing nor shall he be entitled to vote at any annual or at a special meeting of members unless this requirement is first met. 9.2 Registration of Mailing Address. The owners of each condominium apartment shall have one and the same registered mailing address to be used by the Association for mailing monthly statements, no- tices, demands and all other communications; and such registered address shall be the only mailing address of a person or persons, firm, corporation, partner- ship, association or other legal entity or any com- bination thereof to be used by the Association. Such registered address of a condominium apartment owner or owners shall be furnished by such owners to the Secretary within five (5) days after transfer of title; such registration shall be in written form and signed by all of the owners of the condominium apart- ment or by such persons as are authorized by law to represent the interests of (all of) the owners there- of. If no such address is registered or if all of the owners cannot agree, then the address of the apartment shall be the registered address until an- other registered address is furnished as permitted under this section. Registered addresses may be changed from time to time by similar designation. 9.3 Completed Requirement. The requirements contained in this Article shall be first met before an owner of a condominium apartment shall be deemed in good standing and entitled to vote at any annual or special meeting of members. -10- ARTICLE 10. CONFLICT WITH DECLARATION OR LAW These Bylaws are intended to comply with and supplement the requirements of the Washington Horizontal Property Regimes Act and the Declaration. If any of these Bylaws conflict with the provisions of said statute or Declaration, the provisions of the statute and Declaration will apply. ARTICLE 11. NON-PROFIT ASSOCIATION This Association is not organized for profit. No member, member of the Board, or person from whom the Association may receive any property or funds shall receive or shall be lawfully entitled to receive any pecuniary profit from the operations thereof, and in no event shall any part of the funds or assets of the Association be paid as salary or compensation to, or distributed to, or inure to the benefit of any members of the Board. The foregoing, however, shall neither prevent nor restrict the following: (1) reasonable compensation may be paid to any member or manager while acting as an agent or employee of the Association for services rendered in effecting one or more of the purposes of the Association, and (2) any member or Board member may, from time to time, be reimbursed for his actual and reasonable expenses incurred in connection with the administration of the affairs of the Association. ARTICLE 12. FISCAL YEAR The fiscal year of the Association shall begin on January 1 and end on De-ember 31. ADOPTED this day of , 19 DECLARANT: WINSLOW GREENS INC. a Washington Corporation to be formed By Gary R. Prisk, President -11-