country village estates hoa by-laws

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COUNTRY VI LLAGE ESTATESAND

COUNTRY VI LLAGE ESTATES HOMEOWNERS ASSOCI ATI ON, I NC.

DECLARATI ON OF COVENANTS, RESTRI CTI ONS, EASEMENTS,CHARGES AND LI ENS AND BY- LAWS

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;? I 5-('?77-Recor d and Ret ur n t o:RI CHARD HERZBACH, ESQ.RTI LMAN BALI N ADLER HYMAN90 Mer r i ck AvenueEast Meadow, New York 11554

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BY-LAWSOF

COUNTRY VILLAGE ESTATESHOMEOWNERS ASSOCIATION I NCo

CERTI r~ BALIN ADLER HYMANAt t or neys f or t he Sponsor90 Merr i ck' AvenueEast Meadow, New York 11554

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ARTI CLE I .ARTI CLE: I I .ARTI CLB I I I .ART: I CLE I V.ARTI CLE V.ARTI CLB VI .sect i oD 1.sect i oD 2.sect i oD 3.ARTI CLE VI I .sect i oD 1.Sect i oD 2.Sect i oD 3.Sect i oD 4.sect i oD 5.Sect i oD 6.Sect i oD 7.sect i oD 8.Sect i on 9.Sect i oD 10.sect i oD 11.ARTI CLB VI I I .Secti oD 1.Secti oD 2.

sect i oD 3.sect i oD 4.Sect i oD- 5.Secti oD 6.sect i oD 7.Sect i oD 8.secti oD 9

BY- LAWSOF

COUNTRY VI LLAGE ESTATESHOMEOWNERS ASSOCI ATI ON, I NC.TABLE OF CONTENTS

NAME, LOCATI ON AND PRI NCI PAL OPPI CH. eo .DEFI NI TI ONS ~ee Ge e oePURPOSE 0 0 CDe 0 e 0 e eAPPLI CABI LI Ty . . USE OF FACI LI TI ES o MEMBERSHI P AND VOTI NG RI GHTS o Kembership ooooooooosuspeDsi oD of Member shi p o Tr aDsf er of Member shi p QUORUM PROXI ES AND WAI VERS o ~11()~1I Dl ~ Vot e Requi r ed t o Tr aDsact Busi Dess Ri qht t o Vot e. . . . . . . . Number of vot es o Proxies . e oooe Wai ver aDd CODseDt o eo ooPl ace of Meet i nqs o e ~ Annual Xeet i D9' S_ ., .,II e ., ., IJ IIspeci al Meet i Dqs e eso Not i ce of Meet i nqs ooeo o Order of Busi Dess oooBOARD OF DI RECTORS Number aDd Termvot i Dg aDd Ri ght of SpoDsort o Desi gDat e cer t ai n Boar d Member s o e oVacaDcy and Repl acemeDt Removal C e ., e 0 e 0 owers tt compeDsat i oD o ~e Meet i Dgs AnDual st at ement . . . . .Fi del i t y Bonds

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ARTI CLE I X.sect i on 1.Sect i on 2.Sect i on 3.Sect i oD 4.secti on 5.secti on 6.secti on 7.Sect i on 8.secti on 9

ARTI CLE X.Sect i on 1.secti on 2.ARTI CLE XI .Sect i on 1

secti on 2.secti on 3.secti on 4.secti on 5. .secti on 6.Sect i oD 7.secti on 8.secti on 9.

ARTI CLE XI Isecti on 1.secti on 2.sect i on 3.

ARTI CLE XI I I .ARTI CLE XI V.Sect i oD 1.secti on 2.ARTI CLE XVsect i on 1.secti on 2.sect i on 3.sect i on 4.ARTI CLB XVI .sect i on 1.secti on 2.Sect i oD 3.

OPFZCERS eoooeoo oo El ect i ve Of f i cer s eoB Election e ct GOO lit 0 (J 0 Appoi nt i ve Of f i cers . . . e . ~Et~ ~ ~ 8 The Pr es i dent o g o The Vi ce presi dent The Secretar y e o The Tr easur er uo Aqr eement s, Et c NOTI:CES 0 G .: 0 e Def i ni ~ oD o e ser vi ce ot Not i ce- wai ver . . . CODON EXPENSESCr eat i on of t he Li en and Per sonalObl i gat i on of Common Expenses . oo. ooeo. e Pur pose of Common Expenses eo. e Bas i s of Common Expenses oo Dat e of Commencement ot common Expenses

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Due Dates 0 G 0 0 0 0 0 0 15Ef f ect ot Non- Payment of Common ExpensesRemedi es of t he Associ at i on o ooeo Subor di nat i on of Li en t o Hor t qaqe o C l l t l c J t I l eo Oper at i ng Account . Ot her Account s. o o eeo

1515151515J:NBURANCE. Ie 0 0 0 0 It Common Ar eas oo o I nsur ance Pol i ci es t o be Car r i ed by t heMember s e oo. 16Repai r or Reconst ruct i on af t er Fi r e orOt her C2I . sual y . 0 0 AMENDMENTS If 0 1 . eo SELLI NG, LEASI NG AND GI FTS OF HOKES o Sel l i nq and Leasi ng Bomes e oeG Gi f t s, Et c I NDEMNI FI CATI ON . e o I ndemni f i cat i on t o Of f i cer s and Di r ect or s I ndemni f i cat i on t o Empl oyees or Agent s I ndemni f i cat i on t o ot hers Other Ri ghts o GENERAL PROVI SI ONS Fi scal year ~ e 8ea1 C 0 e 0 9 Archi tectural cont r ol oooo

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s ec t i on . s ec t i on 5.secti on 6.EXam nat i on of Books an4 Recor 4s . . c ons t r uc t i on sever bility

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BY-LAWSOJ

~ COUHTRYVILLAGE ESTATES~~ HOMEOWNERSASSOCIATION, INC~ t Tce A New York Not - f ar - Prof i t Corporat i on~rJl t > ARTICLE I NAME, LOCATION AND PRINCIPAL OFFICE~~ These ar e t he By- Laws of Count r y Vi l l age ~st at e. s Homeowner sAssoci at i on, I nc. her ei naf t er r ef er red t o as t r . e Associ at i on .The pr i nci pal of f i ce of t he Associ at i on shal l be l ocat ed at MooneyPond Road, Ham et of Sel den, Town of Brookhaven, County of Suf f ol kand st at e of New Yor k.

ARTI CLE I I . DEFI NI TI ONSThe f ol l owi ng wor ds when used i n t hese By- aws shal l , unl essthe context otherwi se prohi bi t s , have the meani ngs set f or t h bel ow:( a) Associ at i on shal l mean and r ef er t o Count r y Vi l l ageEst at es Homeowner s Associ at i on, I nc. , a New Yor k Not - f or - Pr of i tCor por at i on.( b) l i The Boar d shal l mean and r ef er t o t he Boar d ofDi rect or s of t he Associ at i on.( c) By- Laws shal l mean and r ef er t o t hese By- Laws whi chgovern the operat i on of t he Associ at i on.( d) Common Expense shal l mean and r ef er t o t hose expenses( i ncl udi ng reser ves) whi ch a~e i ncur r ed or assessed by t heAssoci at i on in f ul f i l l i ng i t s l awf ul r esponsi bi l i t i es ( her ei nsomet i mes r ef er r ed t o as ( Assessment ) .(e) Common Pr oper t i es or Common Ar eas shal l mean andr ef er t o cer t ai n ar eas of l and excl udi ng t he r esi dent i al l ot s asshown on t he subdi vi si on map of The Pr oper t y f i l ed i n t he Suf f ol kCount y Cl er ks Of f i ce and i ncl udi ng wi t hout l i m t at i on, t he por t i onof t he l oop r oad l ocat ed wi t hi n Phase I t o be known as Theodor eDr i ve ( or any ot her name t he st r eet may be changed t o) , al l ot heri nt er nal r oadways, al l par ki ng ar eas l ocat ed out si de' of t hei ndi vi dual l ot s, al l common si dewal ks, t he Dr ai nage Syst em t heSani t ar y Di sposal Syst em t he gat e house, and al l l and scapedareasl ocat ed t herei n and any ot her Common Areas t hat may be brought i nt ot he Associ at i on pur suant t o Ar t i cl e I I , Sect i on 2 of t heDecl ar at i on.( f ) Decl ar at i on shal l mean and r ef er t o t he Decl ar at i on ofCovenants , Rest r i ct i ons, Easements , Charges and Li ens appl i cabl e


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t o The Pr oper t i es r ecor ded among t he l and r ecor ds i n t he Cl er k ofthe County of Suf f ol . k, New Yor k as t he same may, f r om t i me t o t i mebe amended.( g) Devel oper shal l mean and r ef er t o Count r y Vi l l ageEst at es, a l . i m t edpar t ner shi p and i t s successor s and assi gns i fsuoh suooessor s and assi gns shoul d acqui r e an undevel oped ordeve10ped but unsol d por t i on of The Proper t i es f rom the Devel operf or t he pur pose of devel opment , i ncl udi ng wi t hout l i m t at i on anymor t gagee whi ch has f or ecl osed or acqui r ed by ot her mean; t hei nterest of the Devel oper .( h) Devel opment or Communi t y shal l mean Count r y Vi l l ageEstat es , a pl anned ret i rement res i dent i al home devel opment bei ngconst r uct ed on The Pr oper t i es, whi ch wi l l i ni t i al l y consi st of 59Homes and may, at Devel oper ' s sol e di scret i on, i ncl ude up t o anaddi t i onal 137 Homes i n f ut ur e Phases as pr ovi ded f or i n Ar t i cl eI I , sect i on 2 of t he Decl ar at i on.( i ) Dr ai nage Syst em shal l mean and r ef er t o al l f aci l i t i esi n connect i on wi t h t he st ormwat er r unof f col l ect i on and di sposal

syst em i ncl udi ng but not l i m t ed t o cat ch basi ns, ar ea dr ai ns,manhol es, l eachi ng pool . s , headwal l and r eChar ge basi ns.( j ) Home shal l mean and r ef er t o al l uni t s of r esi dent i alhousi ng si t uated upon the Lot s l ocated on The proper t i es.( k) Home Owner or Owner shal l mean and r ef er t o t her ecor d owner of f ee si mpl e t i t I e t o any Home, i ncl udi ng t heDevel oper wi t h respect t o any Unsol d Home. Every Homeowner shal lbe t r eat ed f or al l pur poses as a si ngl e owner f or each Home hel d,i r r espect i ve of whet her such owner shi p i s j oi nt , i n common ort enancy by t he ent i r et y. Where such owner shi p i s j oi nt , i n commonor t enancy by t he ent i r et y such col l ect i ve owner shi p shal lconst i t ut e one ( 1) Member .( 1) Lot shal l mean and r ef er t o any pl ot , pi eces or par cel sof l and i nt ended and subdi vi ded f or r esi dent i al uses as shown ont he subdi vi si on map of The pr oper t i es and any pl ot s, pi eces orparcel s of l and subdi vi ded f or resi dent i al uses that may be l ocatedon t he Phased Pr oper t y and as may her ei naf t er be br ought wi t hi nt he scheme of t he Decl ar at i on as pr ovi ded f or i n Ar t i cl e I I Sect i on2 of t he Decl arat i on.( m Member shal l mean and r ef er t o each hol der of amember shi p i nt er est i n t he Associ at i on, as such i nt er est i s setf or t h i n Ar t i cl e VI . Each Member shal l be ent i t l ed t o one ( 1)vot e.( n) Per m t t ed Mor t gage shal l mean and r ef er t o any f i r stmor t gage cover i ng a Home or Homes or a mor t gage encumber i ng anUnsol d Home then owned by Devel oper or i t s des i gnee.

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(0) Perm t t ed Mor t gagee shal l mean and r ef er t o t he hol derof a Perm t t ed Mor t gage.( p) Phased Pr oper t y shal l mean and r ef er t o The Pr oper t i eswhi ch Devel oper may el ect , but i s not obl i gat ed t o, br i ng i nt o t heAssoci at i on as pr ovi ded f or in Ar t i cl e I I , Sect i on 2 of t heDecl ar at i on whi ch Devel oper i nt ends t o devel op as t wo ( 2)addi t i onal Phases consi s t i ng of 65 Homes and t he Common Ar ea

ther eof l ocat ed on appr oxi matel y 9.350 acr es i n Phase I I and 72Homes and t he Common Ar ea t her eof l ocat ed on appr oxi mat el y 9. 765acr es in Phase I I I and whi ch w l l consi st of a combi ned t ot al ofappr oxi matel y 19. 115 acr es and cont ai n a maxi mum of an addi t i onal137 Homes.( q) The Pr oper t i es shal l mean and r ef er al l t hose suchPr oper t i es descr i bed i n Ar t i c l e I I , sect i on 10 t he Decl ar at i on and al l such Pr oper t i es whi ch may be br ought w t i n t he scheme oft he Decl ar at i on pur suant t o Ar t i cl e I I , Set i on 2 of t heDecl ar at i on.( r ) Recr eat i on Faci l i t i es shal l mean and r ef er t o t he

r ecr eat i on bui l di ng, sw mm ng pool , t enni s cour t and f our ( 4)shuf f l eboar d cour t s or ot her r ecr eat i on f aci l i t i es t hat w l l beconst r uct ed by t he Devel oper i f Devel oper el ect s t o br i ng i n PhaseI I of t he Phased Pr oper t y and whi ch w l l be owned, oper at ed andmai nt ai ned by t he Associ at i on as par t of t he Common Ar eas of t heAssoci at i on.( s) sani t ar y Di sposal syst em shal l mean and r ef er t o al lf aci l i t i es i n connect i on w t h t he sani t ar y di sposal syst emi ncl udi ng but not l i m ted t o sani t ar y sewer s, sewage t reat mentpl ant , manhol es, f or ce mai n, pump st at i on, sur ge t anks, aer at i ont anks, cl ar i f i er s, deni t r i f i cat i on f i l t er s, chl or i ne cont act t ank,l eachi ng pool s, chemcal f eed and appur t enanceso( t ) st at ue shal l mean and r ef er t he New Yor k Not - f or -Pr of i t Cor por at i on Law. . .eu) Unsol d Homen shal l mean and r ef er t o any H0mes or Lot sown~d by t he Devel oper and any successor s or assi gns, unt i l sucht i me as t he same have been sol d f or use, ot her t han per sonaloccupancy of t he Devel oper and any of i t s successor s o r assi gns.

ARTI CLE I I I . PURPOSEThi s Associ at i on i s f ormed t o own, oper at e and mai nt ai n t heCommon Ar eas and t o pr ovi de f or cer t ai n ext er i or mai nt enance of t heHomes f or t he benef i t of t he Member s of t he Associ at i on.

ARTI CLE I V. APPLI CABI LI TYAl l pr esent and f ut ur e Member s, t hei r f am l y member s, l essees,

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occupant s and guest s shal l be subj ect t o t hese By- Laws and t o t her ul es and r egul at i ons i ssued by t he Associ at i on t o gover n t, heconduct of i t s Members .-~ AaTXCLB V. USE OF FACXLXTXES~

The Common Ar eas shal l be l i m t ed t o t he use by t he Member s,o t hei r f am l y member s and t hei r guest s. I n t he event t hat a Member. J shal l l ease or perm t anot her t o occupy hi s Home, however , t hej l essee or occupant shal l at t he opt i on of t he Member , be per m t t edt o enj oy t he use of t he Common Ar eas i n l i eu of and subj ect t o t hesame r est r i ct i ons and l i m t at i ons as sai d Member . However , bot ht he Member and t he Lessee may not use t he f aci l l i t i es at t he samet i me. Any Member , l essee or occupant ent i t l ed t o t he use of t heAssoci at i on f aci l i t i es may ext end such pr i vi l eges t o member s of hi sf am l y r esi di ng i n hi s househol d' by not i f yi ng t he Secr et ar y i nwr i t i ng of t he names of any such per sons and of t he r el at i onshi pof such Member , l essee or occupant t o such per s nso The Boar d mayest abl i sh a l i m t at i on on guest pr i vi l eges and/ or est abl i sh a guestf ee f or t he use of t he Common Ar eas by gues s of Member s orper m t t ed l essees or occupant s of Homes and t hei r r espect i ve f am l y

member s.Devel oper shal l have t he r i ght , on an equal basI s w t h ot herMember s t o use al l or any of t he Common Ar eas or perm t al l or anyof t he Common Ar eas t o be used by Devel oper ' s desi gnee or anypr ospect i ve pur chaser of a Home or any t enant s of Unsol d Homes,w t hout char ge, i n accor dance w t h and subj ect t o t hese By- Laws andany r ul es and r egul at i ons pr omul gat ed by t he Boar d. I n addi t i on,Devel oper shal l have t he r i ght , unt i l al l Unsol d Homes ar e sol d,t o use al l or any of t he Common Ar eas w t hout char ge, f orexhi bi t i ons or ot her pr omot i onal f unct i ons w t h r espect t oDeveloper's sales programs. This provision regarding Developermaynot be amended w t hout t he wr i t t en consent of t he Devel oper .

ARTI CLE VX. MEMBERSHI P AND VOTI NG RI GHTSsect i on 1. Member shi p. The Associ at i on shal l have one cl assof member shi p i nt er est as f ol l ows:The Owner . of a Home, Lot or Unsol d Home on The Pr oper t i es t hensubj ect t o t he Decl ar at i on shal l be a Member of t he Associ at i onwhet her such Home i s a t ownhouse or any ot her t ype of r esi dent i aldwel l i ng uni t and whet her such owner shi p i s j oi nt , i n common ort enancy by t he ent i r et y. Each Member i s ent i t I ed t o one vot ei r r espect i ve of t he number of Homes, Lot s or Unsol d Homes owned by

a Member . When. mor e t han one per son or ent i t y hol ds such i nt er esti n such member shi p, t he one vot e at t r i but abl e t o such Member shal lbe exer ci sed as such per sons mut ual l y det er m ne but not mor e t hanone vot e may be cast w t h r espect t o any such Member .


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sect i on 2. Suspensi on of Member shi p. The r i ght s of a Memberor per m t t ed l essee or occupant of a Home, and t hei r r espect i vef am l y members , gues ts and i nvi t ees to the use and enj Qyment of t hecom monAr eas ar e subj ect t o t he payment of per i odi c Common Expensesl evi ed by t he Boar d, t he obl i gat i on of whi ch commcn Expenses i si mposed agai nst each Member and becomes a l i en upon the proper t yof any Homeowner agai nst whi ch such Common Expenses ar e made aspr ovi ded f or by Ar t i cl e VI of t he Decl ar at i on. I f a Member shal lbe i n def aul t i n t he payment of t he Common Expenses assessedagai nst such Member ' s Home, and f ai l s t o cur e such def aul t wi t hi nf i ve ( 5) days af t er r ecei pt of wr i t t en not i ce f r om t he Boar d, t heBoar d, i n i t s sol e di scr et i on, shal l have t he i on t o pr ohi bi tt he f ur t her use of any Recr eat i onal Faci l i t i e and any ot herpr i vi l eges of t he Associ at i on by such Member , pe i t t ed l essee oroccupant , and t he r espect i ve f am l y Members, ques s and i nvi t es oft he f or egoi ng, and unt i l such Member is r ei nst at e i n gbod st andi ngi n t he Associ at i on, t o t ake such ot her l egal ct i on as may beper m t ted by appl i cabl e l aw or t hese By- Laws. I addi t i on t o t hef or egoi ng, any Member so i n def aul t shal l be .nel i gi bl e t o beconsi der ed f or member shi p t o t he Boar d unt i l uch t i me as al lCommon Expenses, t oget her wi t h l at e char ges, i nt er est and expenses,i f any, ar e pai d t o t he Associ at i on. I n no event , however , shal la Member ' s vot i ng r i ght s be suspended f or non- payment of CommonExpenses. The r i ght of a Member t o use t he Recr eat i onal Faci l i t i esmay al so be suspended, af t er not i ce and a hear i ng, f or a per i od nott o exceed t hi r t y (30) days, f or each vi ol at i on of any r ul e orr egul at i on.

Sect i on 3. Tr ansf er ot Member shi p. Member shi p i n t heAssoci at i on shal l be appur t enant t o, and may not be t r ansf er r edexcept i n conj unct i on wi t h t he l awf ul sal e or conveyance of , aHome. No Owner shal l be per m t t ed t o sel l or convey hi s or herHome unl ess and unt i l he or she shal l have pai d i n , f ul l t o t heBoar d al l unpai d Common Expenses and ot her amount s requi red by t heBoard t o be pai d and assessed by the Board agai ns t such Home. Uponsuch sal e or conveyance, t he sel l er of such Home shal l r el i nqui shhi s or her member shi p i n t he Associ at i on and the pur chaser of suchHome shal l aut omat i cal l y become a Member , subj ect t o t hi sDecl ar at i on, t he By- Laws and the rul es and regul at i ons.ARTICLE VII. QUORUM, PROXIES AND WAIVERS

sect i on 1. Quor um So many Member s as shal l r epr esent atl east 51% of al l Member s whose Homes ar e t hen subj ect t o t heDecl arat i on present i n person or represent ed by wr i t ten proxy shal lbe r equi si t e t o and shal l const i t ut e a quor um at al l meet i ngs oft he Associ at i on f or t he t r ansact i on of busi ness, except asotherwi se provi ded by Statute, by the Decl arat i on, t he Cer t i f i cate

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of I ncor por at i on of t he Associ at i on or by t hese By- Laws. I f ,however . , such quorum sI : al l not be present or r epr esent ed at anymeet i ng of t he Assoc1at1on, t he Members ent i t l ed to vote thereat ,pr esent i n per son or r epresent ed by wr i t t en proxy sha~~ have t hepower t o adj our n t he meet i ng. At l east 5 days W i t t en not i ce ofsuch adj ourned meet i ng shal l be given t o al l Member s. At suchadj ourned meet i ng any bus i ness may be t ransact ed Whi ch m ght havebeen t r ansact ed at t he meet i ng originally cal l ed. At suchadj our ned meet i ng, so many Member s as shal l r epr esent at l eastt hi r t y t hr ee and one t hi r d ( 33- 1/ 3% per cent of al l Member s whoseHomes ar e t hen subj ect t o t he Decl ar at i on shal l const i t ut e aquor um I f , however , such r educed quor um shal l not be pr esent orr epr esent ed at such adj our ned meet i ng of t he j Associ at i on, theMembers ent i t l ed to vote thereat , present i n per son or representedby wr i t t en pr oxy, shal l have t he power t o adj our n t he meet i ng andsuch adj our ned meet i ng shal l r equi r e at l east t went y- f i ve ( 25%per cent of al l Member s whose Homes ar e t hen subj ect t o t heDecl ar at i on. At l east 5 days wr i t t en not i ce of such adj our nedmeet i ng shal l be gi ven toal l Members .

sect i on 2. vot e Requi r ed t o Tr ansact Busi ness. When a quorumi s pr esent at any meet i ng, t he vot e of a maj or i t y of t he Member spr esent i n per son or r epresent ed by wr i t t en proxy shal l deci de anyquest i on brought bef ore such meet i ng and such vot e shal l be bi ndi ngupon al l Members , unl ess the quest i on i s one upon whi ch by expresspr ovi si on of t he st at ut e, Decl ar at i on, cer t i f i cat e of I ncorpor at i onor of t hese By- Laws, a di f f er ent vot e i s r equi r ed, i n whi ch casesuch expr ess pr ovi si ons shal l gover n and cont r ol t he deci si on ofsuch quest i on.

sect i on 3. Ri ght t o vot e. Member s shal l be ent i t l ed t o vot eei t her in per son or by pr oxy at any meet i ng of t he Associ at i on.Any such pr oxy shal l onl y be val i d f or such meet i ng or subsequentadj our ned meet i ngs t her eof .sect i on 4. Number of vot es. Each Member shal l be ent i t l edt o one ( 1) vot e i r r espect i ve of t he number of Homes owned by suchMember .sect i on 5. Pr oxi es. Al l pr oxi es shal l be in wr i t i ng si gnedby t he owner , and shal l be f i l ed wi t h t he secr et ar y pr i or t o t hemeet i ng at whi ch t he same ar e t o be used. A not at i on of suchpr oxi es shal l be made i n t he mnut es of t he meet i ng.sect i on 6. Wai ver and Consent . Wher ever t he : vot e of t hemember shi p at a meet i ng i s r equi r ed dr perm t t ed by St at ut e or byany pr ovi si on of t he Decl ar at i on, Cer t i f i cat e of I ncor por at i on orby t hese By- Laws t o be t aken i n connect i on wi t h any act i on of t heAssoci at i on, t he meet i ng and vot e of t he member shi p may bedi spensed wi t h i f al l Member s who woul d have been ent i t l ed t o vot eupon t he act i on if such meet i ng were hel d, shal l consent i n wr i t i ngto such act i on bei ng taken.

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Sec1: i on 7. Pl ace of Heet i ng. Meet i ngs shal l be hel d at anysui t abl e pl ace conveni ent t o t he Member s as may be desi gnat ed byt he Boar d of Di r ect or s and desi gnat ed i n t he not i ces of suchmeet i ngs . .sect i on 8. Annual Heet i ngs. The f i r st annual meet i ng of t hemember shi p of t he Associ at i on shal l be hel d no l at er t han f or t y

(40) days f ol l ow ng t he expi r at i on of t he Devel oper cont r ol per i odas det ai l ed i n Ar t i cl e VI I I , Sect i on 2 her eof . . Ther eaf t er t heannual meet i ng of t he member shi p of t he Associ at i on shal l be hel don such dat e as i s f i xed by t he Boar d of Di r ect or s but at l east onan annual basi s. . At such meet i ngs t her e shal l bej el ect ed by bal l otof t he member shi p a Boar d of Di r ect or s i n aC90r dance w t h t her equi r ement s of Ar t i cl e VI I I of t hese By- Laws. 1 The Member s mayal so t ransact such ot her busi ness as may pr oper l y come bef or e t hemeet i ng.secti on 9. speci al Heet i ngs. I t shal l be t he dut y of t hePr esi dent t o cal l a speci al meet i ng of t he Associ at i on, i f sodi r ect ed by t he Boar d of Di r ect or s, or upon t he pr esent at i on t o t he

Secr et ar y of a pet i t i on si gned by a maj or i t y of t he Member s.secti on 10. Not i ce of xeet i ngs. I t shal l be t he dut y of t heSecr et ar y t o mai l a not i ce of each annual or speci al meet i ng,st at i ng t he pur pose t her eof as wel l as t he t i me and pl ' ace where i ti s t o be hel d, t o each Member at l east t en but not mor e t han t hi r t ydays pr i or t o such meet i ng. The mai l i ng of a not i ce i n t he mannerpr ovi ded i n t hese By- Laws sha11 be consi der ed not i ce ser ved.sect i on 11. Or der of Busi ness. The or der of busi ness at al lmeet i ngs shal l be as f ol l ows:( a) Rol l cal l( b) Pr oof of not i ce of meet i ng or wai ver of not i ce( c) Readi ng of m nut es of pr ecedi ng meet i ngCd) Repor t of of f i cer s( e) Repor t of comm t t ees( f ) Appoi nt ment of i nspect or s of el ect i on ( i n t he event t her ei s an el ect i on)g El ect i on of Di r ect or s ( i n t he event t her e i s an el ect i on)( h) Unf i ni shed busi ness( i ) New busi ness

ARTI CLB VI I I . BOARD OF DI RECTORSsect i on 1. NW l ber and t erm . The number of Di r ect or s whi chshal l const i t ut e t he whol e Boar d shal l not be l ess t han t hr ee ( 3)nor mor e t han f i ve ( 5) . An i ni t i al Boar d consi st i ng of t hr ee ( 3)Di r ect or s shal l be desi gnat ed by t he Devel oper t o ser ve unt i l t hef i r st annual meet i ng of t he Associ at i on. At t he f i r st annual

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meet i ng and at al l s ubs equent annual meet i ngs t he M~mber s s hal lvot e f or and el ec t a maxi mum of f i ve ( 5) Di r ec t or s t o s er ve f orone ( 1) year t er ms and unt i l t he i r s uc c es s or s have been dul y~ el ec t ed and qual i f i ed. Abs ent a c ont r ar y pr ov i s i on t he number of~ di r ec t or s s ha l l be f i ve ( 5) . Al l Di r ec t or s , ot her t han t hos e t he. , . Devel oper s hal l have t he r i ght t o des i gnat e, mus t be e i t her Member s~ of t he As s oc i at i on or i mmedi at e f am l y member s r es i di ng i n t he~ Member s Home. As r equi r ed by l aw, each Di r ec t or s hal l be at l eas t( ~ ni net een year s of age. I n no event s ha l l any Member be el i gi bl e1 . : > f or e l e c t i on t o t he Boar d i f s uc h member i s t hen i n def aul t , beyond any appl i c abl e gr ac e per i od, i n t he payment of Common Expens es or~ any ot her amount s required by t he Boar d t o be pai d.s ec t i on 2. vot i ng and Ri ght o~ Deve l oper t o es i gnat e Cer t ai nBoar d Member s . I n an e l ec t i on of Di r ec t or s , eac Member s hal l beent i t l ed t o one ( 1) vot e.Not wi t hs t andi ng t he f or egoi ng, t he Devel op r s hal l have t her i ght t o des i gnat e t hr ee ( 3) Di r ec t or s , or a maj i t y of t he t ot a lDi r ec t or s , unt i l t he s event h annI ver s ar y dat e of he c l os i ng of t hef i r s t Home or unt i l 90 of t he Homes in a1 Phas es of t he

Devel opment ( i . e . , 90 of 196 Homes ) have c l os ed t i t l e , whi c heveri s s ooner . Ther eaf t er , t he Devel oper s hal l have t he r i ght t odes i gnat e one Di r ec t or f or s o l ong as it owns one Uns ol d Home i nany Phas e of t he Devel opment . When t he Devel oper no l onger ownsany Uns ol d Home i n t he Devel opment it may not des i gnat e anyDi r ec t or s . Deve l oper may not c as t i t s vot es t o el e c t any Di r ec t or si n addi t i on t o t he des i gnat ed Di r ec t or s s e t f or t h aboveoThe pr ovi s i ons of Ar t i c l e VI I I s ec t i ons l and 2 may not beamended wi t hout t he wr i t t en c ons ent of t he Deve l oper .s ec t i on 3. Vacancy and Repl ac ement . I f t he of f i ce of anyDi r ec t or becomes vacant by r eas ons of deat h, r es i gnat i on,r et i r ement , d i s qual i f i c at i on, r emoval f r om of f i c e or ot her wi s e, amaj or i t y of t he r emai n i n g Di r ec t or s , t hough l e s s t han a quor um, ata s pec i a l meet i ng of Di r ec t or s dul y c al l e d f or t hi s pu~pos e, s ha l lc hoos e a s uc c es s or , who s hal l hol d of f i c e f or t he unexpi r ed t e r mi n r es pec t of whi c h s uch vac ancy oc c ur r ed and unt i l his s u cce s so ri s dul y el ec t ed and qual i f i ed. I n t he event a Di r ec t or appoi n t edby Devel oper r es i gns , t he Devel oper s hal l have t he s ol e r i ght t oappoi nt anot her Di r ec t o r in his pl a c e.s ec t i on. . Removal . Di r ec t or s ( ot her t han Devel oper sdes i gnat ed member s ) may be r emoved f or c aus e by an af f i r mat i ve vot eof s i x t y s i x and t wo t hi r ds ( 66- 2/ 3) of t he Member s . No Di r ec t or ,ot her t han a des i gnee of t he Deve l oper , s ha l l c ont i nue t o s er ve ont he Boar d i f , dur i ng hi s t e r m of of f i ce , he s hal l c e as e t o be a

Membe r .

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Sec~ on 5. Powers.( a) The pr oper t y and busi ness of t he Associ at i on shal l bemanaged by i t s Boar d of Di r ect or s, whi ch may exer ci se al l suchpower s of t he Associ at i on and do al l such l awf ul act s and t hi ngsas ar e not by st at ut e, Decl ar at i on, Cer t i f i cat e of I ncor por at i onor by t hese By- Laws, di r ect ed or r equi r ed t o be exer ci sed or done

by t he Member s or Homeowner s per sonal l y. These power s shal lspeci f i cal l y i ncl ude, but not be l i m t ed t o t he f ol l owi ng i t ems:1. To det erm ne and l evy mont hl y assessment s ( CommonExpensesll) t o cover the cost of operat i ng al l dmai n1: ai ni nqtheCommon Ar eas and ot her mai nt enance r eqUi r ement s of t heAssoci at i on payabl e i n advance. The Boar d' of Di r ector s mayi ncr ease t he mont hl y Common Expenses or vot e a speci alassessment i n excess of t hat amount , i f r equi r ed, t o meet anyaddi t i onal necessar y expenses.2. To col l ect , use and expend t he Common Expensescol l ect ed t o mai nt ai n, car e f or and pr eser ve t he ' CommonAr eas

and mai nt enance of t he ext er i or of t he Homes on The Proper t i esand ot her mai nt enance requi rement s of t he Associ at i on.3. To make r epai r s, r est or e or al t er t he Common Ar easaf t er damage or dest r uct i on by f i r e or ot her casual t y or asa resul t of condemnat i on or em nent domai n proceedi ngs .4. To open bank account s and bor r ow money. on behal f oft he Associ at i on and t o desi gnat e t he si gnat or i es t o such bankaccount s.5. To col l ect del i nquent Common Expenses by sui t orot herwi se, t o abat e nui sances and t o enj oi n or seek damagesf r om Member s f or vi ol at i ons of t he house r ul es or r ul es and

regul at i ons herei n ref er r ed to.6. To make r easonabl e r ul es and r egul at i ons and t oamend the same f r omt i me to t i me. such r ul es and r egul at i onsand amendment s t her et o shal l be bi ndi ng upon t he Member s whent he Boar d has appr oved t hem i n wr i t i ng and del i ver ed a copyof such r ul es and al l amendment s t o each Member . Such r ul esand r egul at i ons may wi t hout l i m t i ng t he f or egoi ng, i ncl uder easonabl e l i m t at i ons on t he use of t he Common Ar eas byquest s of t he Member s as wel l as r easonabl e adm ssi on andot her f ees f or such use.7. To i mpose f i nes or penal t i es upon any Member who

vi ol at es t he Decl ar at i on i t s r ul es and r egul at i ons or By-Laws. Any Member f i ned or penal i zed by t he Associ at i on f ora vi ol at i on of i t s Decl ar at i on, By- Laws or any of i t s r ul es,r egul at i ons shal l be ent i t l ed t o r ecei ve wr i t t en not i ce by9


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r egi st er ed mai l of such act i on. The wr i t t en not i ce shal lcont ai n t he f ol l owi ng stat ements :i A copy of t he por t i on of t he Decl ar at i on, By-Laws or rule or regul at i on the Member has vi ol at edand a descr i pt i on of the manner i n whi ch the Membervi ol at ed t he same.i i . The amount of t he f i ne or penal t y.111 A t i me and pl ace at whi ch t he Member shal l begi ven t he oppor t uni t y t o pr esent a def ense bef or ef i nal act i on i s t aken. Ji8. To empl oy gat ehouse at t endant s , wor kmen, cont r act or sand super vi sor y per sonnel , and t o pur ch~sesuppl i es andequi pment , t o ent er i nt o cont r act s t o pr oj Vi de mai nt enanceIr ef use r emoval and ot her ser vi ces, and general l y t o have t hepower of Di rectors i n connect i on wi th the mat t ers herei naboveset f or t h.

9. To br i ng and def end act i ons by or agai nst one ormore Members any of t hei r occupant s and l essees per t i nent t ot he oper at i on of t he Associ at i on and t o assess speci alassessment s t o pay t he cost of such l i t i gat i on.10. To hi r e a Managi ng Agent t o per f orm and exer ci se t hepower s of t he Boar d of Di r ect or s i n t he management of t heDevel opment .11. To execut e, acknowl edge and del i ver ( i ) anydecl ar at i on or ot her i nst r ument af f ect i ng The Pr oper t i es,whi ch t he Board deems necessary or appropr i at e t o compl y wi t hany l aw, or di nance, r egul at i on, zoni ng r esol ut i on orr equi r ement of any publ i c aut hor i t y, appl i cabl e t o t heoccupancy, mai nt enance, de~ol i t i on, constr uct i on, al t er at i on,r epai r or r est or at i on of The Pr oper t i es ( i i ) any consent ,covenant , r est r i ct i on, easement or decl ar at i on, or anyamendment thereto, af f ect i ng The Proper t i es whi ch the Boarddeems necessar y or appr opr i at e.12. To obt ai n and r evi ew i nsur ance f or t he Associ at i ono

(b) The Board of Di r ect or s may, by r esol ut i on or r esol ut i ons,passed by a maj or i t y of t he whol e Boar d, desi gnat e one or mor ecommt t ees, i n addi t i on t o any cor omt t ee r equi r ed by t hese By-Laws, each of such comm t t ees t o consi st of at l east t hr ee ( 3)Member s, one of whom shal l be a Di r ect or , whi ch, t o t he ext entpr ovi ded i n sai d r esol ut i on or r esol ut i ons, shal l have and mayexerci se the powers of t he Board of Di rect or s i n the management oft he busi ness and af f ai r s of t he Associ at i on and may have power t osi gn al l paper s whi ch may be requi red, provi ded the sai d resol ut i on

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or r esol ut i ons shal l speci f i cal l y so pr ovi de. Such comm t t ee or o mmi t t e e s shal l have such name or names as may be determ ned f romt i me t o t i me by resolution adopt ed by t he Boar d of Di r ect or : ; ; .comm t t ees est abl i shed by r esol ut i on of t he Boar d of Di r ect or sshal l keep r egul ar mnut es of t hei r pr oceedi ngs and shal l r epor tt he same to t he Boar d as r equi r ed.( c) Notwi t hst andi ng anyt hi ng t o t he cont r ar y cont ai ned i n

t hese By- Laws, unt i l 95%of t he t ot al number of Homes in al l Phasesof t he Devel opment have cl osed. t i t l e, but i n no event l at er t hanseven ( 7) year s f r om t he cl osi ng of t i t l e t o t he f i r , st Home, t heBoar d of Di r ect or s may not , wi t hout t he Devel oper ' s pr i or wr i t t enconsent ( i ) make any addi t i on, al t er at i on or i mpr ovement t o t heCommon Areas, or ( i i ) assess any Common Expense I f or t he cr eat i onof , addi t i on t o or r epl acement of al l or pazr t of a r eser ve,cont i ngency or surpl us f und or , ( i i i ) hi r e any addi t i onal empl oyeesor ent er i nt o any ser vi ce or mai nt enance cont r act f or wor k notcover ed by cont r act s i n exi st ence on t he dat e of i he cl osi ng of t hef i r st Home or , ( i v) bor row money or ot her wi se r eat e a secur i t yi nt er est on behal f of t he Associ at i on or on an por t i on of t heAssoci at i on pr oper t y or , ( v) i ncr ease or decr eas t he ser vi ces ormai nt enance set f or th i n t he pr oposed f i r st ye r budget of t heAssoci at i on or ot her wi se pr ovi de ser vi ces i n' exceas of t hosecontempl ated by the proposed f i r s t year budget or el sewhere i n theOf f er i ng Pl an or any amendment s t her et o, or , ( vi ) pur chase anymater i al s, equi pment or ot her goods cost i ng i n excess of $1, 000.I n addi t i on, so l ong as t her e ar e Unsol d Homes i n t he devel opmentt he Boar d shal l not t ake any act i on t hat wi l l i nt er f er e, i mpai r oradver sel y af f ect t he r i ght s of t he Devel oper t o sel l and const r uctany Unsol d Homes. Devel oper shal l not use i t s vet o power orcont r ol of t he Boar d of Di r ect or s t o r educe t he l evel of ser vi cesdescr i bed i n t he Of f er i ng Pl an or any amendment s t heret o or preventrequi red capi t al repai rs or prevent expendi t ures requi red t o compl ywi th appl i cabl e l aws or r egul at i ons. Whi l e Devel oper i i si n cont rolof t he Boar d of Di r ect or s, no mor t gage l i ens wi l l be pl aced on t heCommon Areas wi t hout t he consent of at l east 51 of t he Homeowner sot her t han t he Di r ect or s o r Devel oper s' nom nees. Thi sSUbparagraph ( c) may not be amended wi t hout t he wr i t t en consent oft he Devel oper .

sect i on 6. compensat i on. Di r ect or s and of f i cer s, as such,shal l r ecei ve no compensat i on f or thei r ser vi ces.sect i on 7. Meet i ngs.( a) The f i r st meet i ng of each Boar d newl y el ect ed by t heMembers shal l be hel d i mmedi at el y upon adj ournment of t he meet i ngat whi ch t hey wer e el ect ed, pr ovi ded a quor um sha~ t hen be

pr esent , or as soon t her eaf t er as may be pr act i cabl e. The annualmeet i ng of t he Boar d of Di r ect or s shal l be hel d at t he same pl aceas t he annual meet i ng of Associ at i on Members and i mmedi at el y af t erthe adj ournment of same, at whi ch t i me the dates, pl aces and t i mes11


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ARTI CLB I X. OFFI CBRSsect i on 1. Bl ect i ve Of f i cer s. The of f i cer s of t heAssoci at i on shal l be chosen by t he Boar d and shal l consi st of aPr esi dent , a Vi ce Pr esi dent , a Secr et ar y and a Tr easur er . The Boar dof Di r ect or s may al so choose one or mor e Assi st ant Secr et ar i es andAssi st ant Tr easur er s and such ot her of f i cer s as i n t hei r j udgmentmay be necessar y. Al l of f i cer s must be ei t her member s of t he Boar d

of Di r ect or s or Member s of t he Associ at i on. Two or mor e of f i cesmay not be hel d by t he same per sonuseot i on 2. B1eot j . on. The Boar d of Di r ect or s, at i t s f i r stmeet i ng af t er each annual meet i ng of Associ at i on Me~er s, shal lel ect a Pr esi dent , a Vi ce Pr esi dent , a secr et ar and a Tr easur er .Onl y t he Pr esi dent must be a member of t he Boar sect i on 3. Appoi nt i ve Of f i cer s. The Boarot her of f i cer s and agent s as i t shal l deem necesst hei r of f i ces f or such t erms and shal l exer ci sper f or m such dut i es as shal l be det er m ned f r om tBoard.

may appoi nt suchr y who shal l hol dsuch power s andme t o t i me by t heSect i on . ' l ' erm The of f i cer s shal l hol d of f i ce f or a per i odof one year or unt i l t hei r successor s ar e chosen and qual i f y i nt hei r st ead. Any of f i cer el ect ed or appoi nt ed by t he Boar d ofDi r ect or s may be r emoved w t h or w t hout cause, at any t i me, by t heaf f i r mat i ve vot e of a maj or i t y of t he Boar d of Di r ect or s, pr ovi dedpr i or not i ce was gi ven t o al l Boar d member s t hat t hi s. i t em was ont he agenda f or such meet i ng_ I f t he of f i ce of any of f i cer becomesvacant f or any . r eason, t he vacancy shal l be f i l l ed by t he Boar d ofDi r ector s.seot i on 5. The Pr esi dent . The Pr esi dent shal l be t he chi efexecut i ve of f i cer of t he Associ at i on; he shal l pr esi de at al lmeet i ngs of t he Associ at i on Member s and t he Boar d of Di r ect or s,

shal l be an ex- of f i ci o member of al l st andi ng comm t t ees, shal lhave gener al and act i ve management of t he busi ness of t heAssoci at i on, shal l see t hat al l or der s and r esol ut i ons of t he Boar dar e car r i ed i nt o ef f ect and shal l have such ot her power s and dut i ~sas ar e usual l y vest ed i n t he of f i ce of Pr esi dent of a cor por at i onor gani zed under t he Not - f or - Pr of i t cor por at i on Law of t he st at e ofNew Yor k.sect i on 6. The vi ce Pr esi dent . The Vi ce Pr esi dent shal l t aket he pl ace of t he Pr esi dent and per f orm hi s dut i es whenever t hePr esi dent shal l be absent or unabl e t o act and shal l have suchot her power s and dut i es as ar e usual l y vest ed i n t he of f i ce of Vi cePr esi dent of a cor por at i on or gani zed under t he Not - f or - Pr of i t

Cor por at i on Law of t he st at e of New Yor k.sect i on 7. The Secr et ar y. The Secr et ar y and/ or Assi st antSecr et ar y shal l at t end al l sessi ons of t he Boar d and al l meet i ngs13


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of Associ at i on Member s and r ecor d al l vot es and t he m nut es of al lpr oceedi ngs i n a book t o be kept f or t hat pur pose and shal l per f or ml i ke dut i es f or t he st andi ng comm t t ees when r equi r ed. He shal lqive or cause t o be gi ven, not i ce of al l meet i ngs of Associ at i onMember s and speci al meet i ngs of t he Boar d of Di r ect or s, and shal lper f orm such ot her dut i es as may be pr escr i bed by t he Boar d ofDi r ect or s or by t he Pr esi dent , under whose super vi si on he shal l be.secti on 80 The Tr easur er . The Tr easur er shal l have t hecust ody of t he Associ at i on f unds and secur i t i es and shal l keep f ul land accur at e chr onol ogi cal account s of r ecei pt s and di sbur sement si n books bel ongi ng t o t he Associ at i on i ncl udi ng t he voucher s f orsuch di sbur sement s, and shal l deposi t al l m?ni es, and ot herval uabl e ef f ect s i n t he name and t o t he cr edi t ~f the Associ at i oni n such deposi t or i es as may be desi gnat ed by t he Boar d ofDi r ect or s. These dut i es may al so be exer ci sed by t he Managi ngAgent , i f any. However , such Managi ng Agent shal l no~ r epl ace t heTr easur er .He shal l di sbur se t he f unds of t he Associ at i on as he may beordered by the Board, maki ng proper voucher s f or such di sbur sement sand shal l r ender t o t he Pr esi dent and Di r ect or s, at t he r egul armeet i ng of t he Boar d or whenever t hey may r equi r e i t , an accountof al l hi s t r ansact i ons as Tr easur er , and of t he f i nanci alcondi t i on of t he Associ at i on.He shal l keep det ai l ed f i nanci al r ecor ds and books of accountof t he Associ at i on, i ncl udi ng a separ at e account f or each Member ,whi ch among ot her t hi ngs, shal l cont ai n t he amount of eachassessment , t he dat e when due, t he amount pai d t her eon and t hebal ance r emai ni ng unpai d.secti on 90 Agr eement s, et c. Al l agr eement s and ot heri nst r ument s shal l be execut ed by t he Pr esi dent or such ot her per sonas may be desi gnat ed by t he Boar d of Di r ect or s.

ARTI CLE X. NOTI CESsect i on 1. Def i ni t i ons. Whenever under t he pr ovi si ons of t heDecl ar at i on or of t hese By- Laws, not i ce i s r equi r ed t o be gi ven t ot he Boar d of Di r ect or s or t o any Di r ect or or Associ at i on Member ,i t shal l not be const rued t o mean per sonal not i ce; but such not i cemay be gi ven i n wr i t i ng, by mai l . , by deposi t i ng t he same i n a postof f i ce or 1et t er box i n a post pai d sea1ed wr apper , addr essed t o t heBoar d of Di r ect or s, such Di r ect or , or Member , at such addr ess asappear s on t he books of t he Associ at i on.seot i on 2. Ser vi oe of Not i ce wai ver . Whenever any not i ce i sr equi r ed t o be gi ven under t he pr ovi s i ons of t he Decl ar at i on, orof t hese By- Laws, a wai ver t her eof , i n wr i t i ng, si gned by t heper son or per sons ent i t l ed t o such not i ce, whet her bef or e or af t er

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t he t i me stated therei n, shal l be deemed the equi val ent thereof .ARTI CLB XI . COMMOH EXPENSES

Sec~ on 1. Cr ea~ on of ~he Li en and Per sonal obl i gat i on ofAssessment s. The cr eat i on of t he l i en and per sonal obl i gat i on ofCommon Expenses i s governed by Sect i on 1. of Ar t i cl e VI of t heDecl ar at i on.

Sect i on 2 . Expenses i s asDecl ar at i on.Pur pose of Common Expenses. The. pur pose of Commonspeci f i ed i n Sect i on 2 of At t i cl e VI of t he

Basi s of Common Expenses. The .l s i s of t he Commonspeci f i ed i n Sect i on 3 of ~ t i Cl . e VI of t he

IDate of Commencement of Common Expenses: Dueof commencement and the due dates of Commonspeci f i ed i n sect i on 4 of Ar t i cl e VI of t he

secti on 39Expenses i s as.Decl ar at i on.secti on . Dat es. The dat eExpenses are as

Decl ar at i on.sect i on 5. Ef f ect of Hon- payment of common Expenses:Remedi es of the Associ at i on. The ef f ect of non- payment of CommonExpenses and the remedi es of the Associ at i on shal l be as speci f i edi n Sect i on 5 of Ar t i cl e VI of t he Decl ar at i on.sect i on 6. Subor di nat i on of Li en t o Mor t gages. The l i en oft he assessment s provi ded f or herei n shal l be subordi nat ed pursuantt o t he pr ovi si ons of sect i on 5 of Ar t i cl e VI of t he Decl ar at i on.Sect i on 7. Checks. Al l checks or demands f or money and notesof t he Associ at i on shal l be si gned by the Pr esi dent and Tr easur er ,

or by such ot her of f i cer or of f i cer s or such ot her per son orper sons as the Board of Di r ector s may f r omt i me to t i me desi gnate.sect i on 8. oper at i ng Account . Ther e shal l be est abl i shed andmai nt ai ned a cash deposi t account t o be known as t he Oper at i ngAccount i nto whi ch shal l be deposi t ed the operat i ng por t i on of al lmonthl y and speci al Common Expenses as f i xed and determ ned f oral l Member s. Di sbur sement s f r om sai d account shal l be f or t hegener al needs of t he oper at i on i ncl udi ng, but not l i m t ed t o,wages, r epai r s, bet t erment s, mai nt enance and ot her oper at i ngexpenses of t he communi t y.sect i on 9. ot her Account s. The Boar d shal l mai nt ai n anyot her account s i t shal l deem necessar y t o car r y out i t s pur poses.

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ARTI CLE XI I . I NSURANCEsect i on 1. Common Areas . ( a) The Boar d shal l be r equi r ed t oobt ai n and mai nt ai n, t o t he ext ent obt ai nabl e and t o t he ext entdet erm ned by t he Board t o be appropr i at e, t he f o~~owi ng i nsurance:( i ) f i r e i nsur ance wi t h al l r i sk ext ended cover age, vandal i sm andmal i ci ous m schi ef endorsement s , i nsur i ng t he i nsurab2e par t i es oft he Common Areas , t oget her wi t h llser vi ce machi ner y cont ai ned

t her ei n and cover i ng t he i nt er est s of t he Associ at i on, t he Boar dand al l Member s, as t hei r r espect i ve i nt er est s may appear , i n anamount equal to the f ul l r epl acement val ue of al l Common Areas andappur t enances thereto ( excl usi ve of any f oundat i on and f oot i ngs,i f any) , wi t hout deduct i on f or depr eci at i o; ( i i ) workers'compensat i on and New York state di sabi l i t y bene i t s i nsurance f orany empl oyees; ( i i i ) f i de~ t y i nsur ance cover ng al l of f i cer s,Boar d member s, di r ect or s and empl oyees of t he ssoci at i on and oft he managi ng agent or agent s who hand~e f unds 0 t he Associ at i on;( i v) di r ect or s' and of f i cer s' er r or s and om ssi ns i nsur ance; and( v) such ot her i nsurance as t he Board maYdet erm~ne. The prem umsf or al l i nsur ance r ef er r ed t o ab. .ve and f or t he 1 abi l i t y i nsur ancer ef er r ed t o bel ow shal l be a Common Expense a d shal l be borneequal l y by t he Member s.( b) The Boar d shal l al so be r equi r ed t o obt ai n and mai nt ai n,t o t he ext ent obt ai nabl e, comprehens i ve general l i abi l i t y i nsuranceagai nst cl ai ms f or per sonal i nj ur y, deat h or pr oper t y damageoccur r i ng upon, i n or about t hei Common Ar eas and in such l i m t s asthe Board may f rom t i me to t i me determ ne, cover i ng i t he Boar d,any managi ng agent appoi nt ed by t he Board, each Board Member andeach Associ at i on Member and any l essee, occupant and f am l y member .The Board shal l al so be r equi r ed t o obt ai n and mai nt ai n, on behal fof t he Boar d, f i del i t y i nsur ance cover i ng t he Boar d, t he Managi ngAgent , i f any, each Boar d member and each of f i cer of t heAssoci at i on and each empl oyee of t he Associ at i on empl oyed as suchi n respect of t he ma~nt enance and/ or operat i on of t he Common Areaor any par t t her eof f or any negl i gent act or comms si on or omssi onat t r i butabl e to them whi ch occur s on or i n the Common Areas.( c) Member s shal l not be pr ohi bi t ed f r om car ryi ng ot heri nsur ance f or t hei r own benef i t , at t hei r own expenses, and t heBoard shal l not be pr ohi bi t ed f r omcar r yi ng addi t i onaJ . i nsur ance,pr ovi ded t hat any such pol i ci es shal l cont ai n wai ver s ofsubr ogat i on, and f ur ther pr ovi ded t hat t he l i abi l i t y of t hecar r i er s i ssui ng i nsur ance obt ai ned by t he Boar d shal l not beaf f ect ed or di mni shed by r eason of any such addi t i onal i nsur ancecar r i ed by any Member .

sect i on 2. I nsur ance pol i ei es t o be Car r i ed by t he Members.(a) Each Member wi l l be requi red to mai nt ai n a cas~al ty pol i cyon hi s or her Home, i n an amount equal t o f ul l r epl acement val ueof t he Home ( excl usi ve of any f oundat i on and f oot i ng) wi t hout16


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deduct i ng f or depreci at i on, whi ch pol i cy shal l contai n if avai l abl e( i ) wai vers of subrogat i on of any def enses based upon co- i nsuranceor ot her i nsur ance or i nval i di t y ar i si ng out of act s of t he i nsur edor a pr o r at a r educt i on?f l i abi l i t Y; , ( ~ ) s~al l name t he, B?ar dof Di r ect or s or Associ at~on as. an add~t ~onal l . nsuredand ( ~ ~)aprovi si on that such pol i cy not be ei ther cancel l ed or substant i al l ymodi f i ed except upon at l east t hi r t y ( 30) days pr i or wr i t t ennot i ce t o al l of t he i nsur ed i ncl udi ng t he Associ at i on. Copi es oft hese pol i ci es must be mai nt ai n; edwi th t he Managi ng Agent , i f any,or by t he Boar d and shal l be sent wi t h pr oof of pr em ums at l eastt hi r t y ( 30) days pr i or t o t he expi r at i on of t he t hen cor r ectpol i ci es. Any r epai r or r econst r uct i on of t he ext er i or of any Homemust be per f ormed i n a good and wor kmanl i ke I manner and shal lconf orm as near l y as possi bl e t o t he or i t ; i nal pl ans andspeci f i cat i ons. The pl ans and speci f i cat i ons f or r epai r orr econst r uct i on to the exter i or of any Home must be submt ted to andapproved i n wr i t i ng by the Board.

( b) Each Member wi l l be r equi r ed t o mai nt ai n an i ndi vi duall i abi l i t y pol i cy cover i ng occur rences on hi s or her Home, i ncl udi ngt he Home constr uct ed t her eon. The pol i cy must provi de. f or cover ageof t he f i r st $1, 000, 000 of any j udgment ( or t he f i r st $1, 000, 000of a set t l ement i n l i eu of j udgment ) r ecover ed agai nst t heAssoci at i on as a r esul t of an occur r ence on t he Owner ' s Home orsuch other amount as the Board shal l f r om t i me t o t i me det er m neand must name the Associ at i on and the Managi ng Agent , 1f any asaddi t i onal i nsur ed. Addi t i onal l y, i f avai l abl e wi t hout speci alprem umthe pol i cy shal l contai n i wai vers of SUbrogat i on of anydef ense based upon co- i nsur ance or ot her i nsur ance or i nval i di t yar i s i ng out of act s of t he i nsur ed or a pr o r at a r educt i on ofl i abi l i t y and ( i i ) a pr ovi si on t hat such pol i cy may not be ei t hercancel l ed or subst ant i al l y modi f i ed except upon at l east t hi r t y( 30) days' pr i or wr i t t en not i ce of al l of t he i nsur ed i ncl udi ng t heAssoci at i on. copi es of t hese pol i ci es must be mai nt ai ned wi t h t heManagi ng Agent , i f any, or wi t h t he Boar d and must be sent wi t hpr oof of payment or pr emums at l east t hi r t y ( 30) days pr i or t o t heexpi r at i on of t he t hen cur r ent - pol i ci es. Each such pol i cy mustpr ovi de f or at l east t hi r t y (30) days wr i t t en not i ce t o t heManagi ng Agent and the Board bef ore the pol i cy may be cancel l ed.( c) Adequat e I nsur ance Not Obt ai ned. I f t he i nsur ancepr ovi ded under t hi s Sect i on has not ot herwi se been adequat el yobt ai ned by each Homeowner , as det er mned by t he Boar d ofDi rect ors , t hen t he Board may obt ai n such i nsurance coverage. Suchi nsur ance shal l be suf f i ci ent t o cover t he f ul l r epl acement costor necessar y r epai r or r econst r uct i on wor k. The pur pose of suchi nsur ance wi l l be t o pr ot ect , pr eser ve and pr ovi de f or t hecont i nued mai nt enance and suppor t of separ at el y owned Homes whi ch

shal l i ncl ude common Par t y Wal l s, connect ed ext er i or r oof s andot her par t s of t he over al l st r uct ur e. I nsur ance obt ai ned by t heBoar d of Di r ect or s shal l be wr i t t en i n t he name of t he Associ at i onas Tr ust ee f or t he benef i t of each Homeowner . Pr em ums f or17


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i nsur ance obt ai ned by t he Boar d of Di r ect or s, as pr ovi dedher ei nabove, shall not be a par t of the Associ at i on Common Expensebut shall be an i ndi vi dual assessment payabl e i n accordance wi t ht he pr ovi si ons of Ar t i cl e VI of t he Decl ar at i on.section 3. Repair or Reconstructionarter Fire or other

Casua1t.y. ( a) Common Area. I n t he event t hat t he Common Are~ orany par t t hereof i s damaged or dest r oyed by f i r e or other casual t y,t he Boar d wi l l ar range f or t he pr ompt r epai r and r est or at i ont her eof and t he Boar d, or t he I nsur ance Tr ust ee, as t he case maybe, shal l di sbur se t he pr oceeds of al l i nsur ance po1i ci es t o t hecont r act or s engaged i n such repai r and rest orat i on i n appropr i at epr ogr ess payment s. I f t he i nsur ance pr oceer ar e l ess t hansuf f i ci ent t o cover , or exceed, t he cost of r epai r s andr est or at i on, t he def i ci t or sur pl us, as t he cas may be, wi l l beborne equal l y by al l Homeowners as an Associ at i t n Co~on Expenseor shared equal l y by al l Homeowners , except that the amount of anysurpl us payabl e t o any Homeowner pur suant t o t hi sect i on 3 shal lbe l essened by t he amount of any unpai d Common Expense agai nst suchHomeowner

( b) Homeowner . I f no cl eanup, r epai r or r ebui l di ng hasbeen cont r act ed f or , or ot her wi se subst ant i al l y st ar t ed by t heHomeowner , wi t h t he cooper at i on of t he Boar d wi t hi n t hi r t y ( 30)days . of t he r ecei pt of t he Lnsur-ance pr oceeds, t he Boar d ofDi r ect or s shal l have t he r i ght but not t he obl i gat i on t o i ni t i at et he cl ean up, r epai r or r ebui l di ng of t he damaged or dest r oyedpor t i ons of t he st r uct ur e and/ or ext er i or of t he Home, i n a goodand workmanl i ke manner i n conf ormance wi t h t he or i gi nal pl ans andspeci f i cat i ons. The Boar d of Di r ect or s may adver t i se f or seal edbi ds f romany l i censed cont ract ors and may then negot i at e wi th sai dcont r actors . The cont r actor or cont r actors sel ected to per f ormthewor k shal l pr ovi de f ul l per f ormance and payment ; bonds f or suchr epai r or r ebui l di ng. I n t he event t he i nsur ance pr oceeds ar ei nsuf f i ci ent t o f ul l y pay t he cost s of r epai r i ng and/ or r ebui l di ngt he damaged or dest r oyed poz- tLcns i n a good and wor kman] l i kemanner ,t he Boar d of Di r ect or s may l evy a speci al assessment agai nst t heHomeowner i n what ever amount suf f i ci ent t o make up t hedef i ci ency.unt i l such t i me as t he speci al assessment i s pai d, t he Boar d ofDi rect ors may borr ow f unds or i mpose a speci al assessment agai nstt he Associ at i on Member s t o pay f or such reconstr uct i on and cl eanup.The cost of such bor r owi ng i nc1udi ng i nt er est , l egal f ees, et c. ,shal l be pai d by t he Owner . l f t he i nsur ance pr oceeds exceed t hecost of repai r i ng and/ or rebui l di ng, such excess shal l be pai d overt o t he r espect i ve Homeowner and/ or Homeowner ' s mor t gagee i n suchpor t i ons as shal l be i ndependent l y det ermned by t hose par t i es.The Boar d of Di r ect or s shal l have t he r i ght t o ent er i n and on t heHomeowner s Lot or Home t o ef f ect uat e necessar y r epai rs .

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ARTI CLB XI I I . AMENDMENTSExcept as ot her w se pr ovi ded. , t hese By- Laws may be al t er ed,amended or added t o at any dul y cal l ed meet i ng of Associ at i onMembers pr ovi ded: ( 1) t hat t he not i ce of t he meet i ng shal l cont ai na full st at ement of t he pr oposed amendment and (2) t hat t heamendment shal l be appr oved by vot e of at l east si xt y si x and t wot hi r ds ( 66 2/ 3) of t he t ot al Member s whose Homes ar e t hen subj ect

t o t he Decl ar at i on. No amendment , however , shal l af f ect or i mpai rt he val i di t y or pr i or i t y of t he Member s' i nt er est s. and t hei nt er est s of hol der s of a mor t gage encumber i ng a Member ' s Home.Nor shal l any amendment have t he ef f ect of i nf r i ngi ng upon t heDevel oper ' s r i ght t o bui l d and make member shi p I i n or use of t heAssoci at i on avai l abl e t o pur chaser s or l essees of no mor e t han 196Homes on t he Pr oper t i es nor shal l any amendment bb i n conf l i ct w t hAr t i cl e XV sect i on 2 of t he Decl ar at i on. ;IARTI CLE XI V. SELLI NG, LEASI NG AND GI FTS OF HOKESi

Sect i on 10 sel l i ng and Leasi ng Homes. Any Home may beconveyed or l eased by a Member f r ee of any r est ~ ct i ons except aspr ovi ded i n Ar t i cl e XI I of t he Decl ar at i on as t q any Lease and aspr ovi ded i n Ar t i cl e XIII of t he Decl ar at i on c t i t appl i es t oOccupancy r equi r ement s and except t hat no Mem : ) er shal l convey,mor t gage, pl edge, hypot hecat e, .sel l or l ease hi s Home unl ess andunt i l al l vi ol at i ons agai nst t he Home ar e r emoved and al l unpai dCommon Expenses assessed agai nst t he Home shal l havebeen pai d asdi r ect ed by t he Boar d of Di r ect or s. Such unpai d Common Expenses,however , may be pai d out of t he pr oceeds f r om t he sal e of a Home,or by t he Gr ant ee. Any sal e or l ease of a Home i n vi ol at i on of t hi ssect i on or t he appl i cabl e Ar t i cl es of t he Decl ar at i on shal l bevoi dabl e at t he el ect i on of t he Boar d of Di r ect or s. upon t hewr i t t en r equest of a Member or hi s mor t gagee, t he Boar d or i t sdesi gnee shal l f ur ni sh a wr i t ten st at ement of t he st at us of anyvi ol at i on and t he unpai d Char ges due f r om such Member whi ch shal lbe concl usi ve evi dence of t he paYment of amount s assessed pr i or t ot he dat e of t he st at ement . A r easonabl e char ge may be' made by theBoar d f or t he i ssuance of such st at ement s.

The pr ovi si ons of t hi s Sect i on as t hey appl y t o unpai d CommonExpenses shal l not appl y t o t he acqui si t i on of a Home by amor tgagee who shal l acqui r e t i t l e t o such Home by f or ecl osur e orby deed i n l i eu of f or ecl osur e. I n such event t he uRpai d CommonExpenses agai nst t he Home whi ch were assessed and became due pr i ort o t he acqui s i t i on of t i t l e t o such Home by such mor tgagee shal lbe deemed wai ved by t he Associ at i on and shal l be char ged t o al lot her Member s of t he Associ at i on as a Common Expense. Suchpr ovi si ons shal l , however , appl y t o any Common Expenses whi ch ar eassessed and become due af t er t he acqui si t i on of t i t l e t o such Homeby t he mor t gagee and t o any pur chaser f r om such mor t gagee.

Whenever t he t erm Home i s r ef er r ed t o i n t hi s sect i on, i t19


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that such number may be i ncreased or decreased by resol ut i on of theBoard. The Ar chi t ect ur al Commt t ee shal l be i ni t i al l y composed oft hr ee ( 3) per sons, each of whom shal l be a r epr esent at i ve ofDevel oper . Af t er t he f i r st annual meet i ng of t he Associ at i on atl east one ( 1) member of t he Ar chi t ect ur al Comm t t ee shal l be aHomeowner i n t he Devel opment ( ot her t han a r epr esent at i ve ofDevel oper ) .( b) Ri ght s of Appoi ntment .( 1) By Devel oper . Devel oper shal l have t he r i ght t oappoi nt a maj or i t y of t he member s of t he Ar chi t ect ur al Commt t eeunt i l t he l ast Home i n al l Phases of t he Devel o~ment ar e sol d.

( 2) By t he Boar d. The Boar d shal l have t he r i ght t oappoi nt t hose member s of t he Ar chi t ect ur al ' comm t t ee whi chDevel oper is not aut hor i zed t o appoi nt unt i l such t i me asDevel oper ' s r i ght s of appoi ntment have expi red, and thereaf ter theBoard shal l have the r i ght t o appoi nt and remove al l members of t heAr chi t ectur al Comm t t ee. Ar chi t ectur al Comm t t ee member s appoi nt edby t he Boar d shal l ser ve f or a t er m of one ( 1) year or unt i l t hei rr espect i ve successor s ar e appoi nt ed.( 3) Not i ce of Appoi ntment . Whenever an Ar chi t ect ur alcomm t t ee member i s appoi nt ed or r emoved whi l e bot h Devel oper andt he Boar d have r i ght s of appoi nt ment , wr i t t en not i ce of suchappoi ntment or r emoval shal l be gi ven by t he appoi nt i ng par t y t othe other par t y. .

( c) Pl ans and speci f i cat i ons. The Ar chi t ect ur al Comm t t eemay r equi r e such det ai l i n pl ans and speci f i cat i ons subm t t ed f ori t s r evi ewas i t deems pr oper , i ncl udi ng, wi t hout l i m t at i on, f l oorpl ans, si t e pl ans, dr ai nage pl ans, l andscapi ng pl ans, el evat i ondrawi ngs and descr i pt i on or sampl es of exter i or mater i al and col orspr epar ed by a l i censed pr of essi onal engi neer or r egi st er edar chi t ect . Unt i l r ecei pt by t he Ar chi t ect ur al Comm t t ee of anyrequi red pl ans and speci f i cat i ons , t he Archi t ect ural Comm t t ee maypost pone r evi ew of any pl an subm t t ed f or appr oval . Deci si ons oft he Ar chi t ect ur al Comm t t ee and t he r easons t her ef or shal l bet r ansmt t ed by t he Ar chi t ect ur al commt t ee t o t he Appl i cant at t headdr ess set f or t h i n t he appl i cat i on f or appr oval , wi t hi n si xt y

i ( 60) days af t er r ecei pt by t he Ar chi t ect ur al comm : t t ee of al lmater i al s requi red by the Archi tectural Comm tt ee. Any appl i cat i onsubm t t ed pursuant t o t hi s sect i on shal l be deemed approved, unl esswr i t t en di sappr oval or a r equest f or addi t i onal i nf or mat i on ormat er i al s by t he Ar chi t ect ur al comm tt ee shal l have beent r ansm t t~d t o t he Appl i cant wi t hi n si xt y ( 60) days af t er t he dat eof r ecei pt by t he Ar chi t ect ur al Commt t ee of t he Appl i cant ' s mostr ecent subm ssi on.( d) I nspect i on of Wor k. I nspect i on of wor k and cor r ect i onof def ect s t her ei n shal l pr oceed as f ol l ows:

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( ~) The Ar chi t ect ur al comm t t ee or i t s dul y aut hor i zedrepresent at i ve may at any t i m~ i n~pect any work f or whi ch approvalo r pl ans i s r equi r ed under . t hi s Sect i on 3. ~owever , t heArchi t ectural Comm t t ee' s r i ght of i nspect i on of t he work f or whi chpl ans have been submt t ed and approved shal l t erm nat e si xt y ( 60)days af t er t he wor k has been compl et ed and t he r espect i ve Owner hasgi ven wr i t t en not i ce t o t he Ar chi t ect ur al Comm t t ee of i t scompl et i on. The Ar chi t ect ur al Comm t t ee' s r i ght s of i nspect i onshal l not t ermnat e pur suant t o t hi s par agr aph if pl ans f or t hewor k have not pr evi ousl y been subm t t ed t o and appr oved by t heAr chi t ect ur al Comm t t ee. I f , as a r esul t of such i nspect i on, t heAr chi t ect ur al Comm t t ee f i nds t hat t he wor k was done wi t houtobt ai ni ng appr oval of t he pl ans t her ef or or Iwas not done i nsubstant i al compl i ance wi t h t he. l ans appr oved by1t he Ar chi t ectur alcomm t tee, i t shal l not i f y t he Owner i n wr i t i ng of hi s f ai l ur e t ocompl y wi t h t hi s sect i on wi t hi n si xt y ( 60) days f rom t hei nspect i on, speci f yi ng t he par t i cul ar s of noncompl i ance. TheAr chi t ect ur al Comm t t ee shal l have t he aut hor i ~y t o r equi r e t heOwner t o t ake such act i on as may be necessar y t o r emedy t henoncompl i ance.

( 2) I f upon t he expi r at i on of si xt y ( 60) days f r om thedat e of such not i f i cat i on, t he Owner has f ai l ed t o r emedy t henoncompl i ance, the Archi tectural Comm tt ee shal l not i f y the Boardin wr i t i ng of such f ai l ur e. Upon Not i ce and Hear i ng, t he Boar dshal l determ ne whether t here i s a noncompl i ance and, if so, t henature thereof and the est i mated cost of cor r ect i ng or removi ng thesame. I f a noncompl i ance exi st s, t he Homeowner shal l r emedy orr emove t he same wi t hi n a per i od of not mor e t han f or t y- f i ve (45)days f r omt he dat e t hat not i ce of t he Boar d r ul i ng i s gi ven t o t heHomeowner . I f t he Homeowner does not compl y wi t h t he Board rul i ngwi t hi n t hat per i od, t he Boar d, at i t s opt i on, may t ake what everact i on i t may have at l aw, i n equi t y or i n t he Decl ar at i on or By-Laws.sect i on 4. Exam nat i on of Books an4 Recor4s. Each Member ,or t hei r r espect i ve representat i ves and f i r s t mor t gage~s, shal l beent i t l ed t o a r easonabl e examnat i on of t he books and r ecor ds oft he Associ at i on at any t i me dur i ng nor mal busi ness hour s uponr easonabl e not i ce t o i t s Boar d of Di r ect or s. The Decl ar at i on,Cer t i f i cat i on of I ncorpor at i on and t he By- Laws of t he Associ at i onshal l be avai l abl e f or i nspect i on by any Member or f i r s t mor t gageeat t he pr i nci pal of f i ce of t he Associ at i on.sect i on 5. const r uct i on. Whenever t he mascul i : ne si ngul arf ormof t he pr onoun i s used i n t hese By- Laws, i t shal l be const r uedt o mean t he mascul i ne, . f emni ne or neut er , si ngul ar . or pl ur al ,

whenever t he cont ext so r equi r es.I n t he case of any conf l i ct bet ween t he Cer t i f i cat e. ofI ncorporat i on and these By- Laws, the Cer t i f i cate shal l cont r ol ; and23


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i n t he case of any conf l i ct bet ween t he Decl ar at i on and t heseBy- Laws, t he Dec~ar at i onsha~~ccnt r o~.Seet~op 6. Sever abi 1i t y. Shou~d any of the covenant s, t ermsor provi si ons herei n i mposed be or become unenf or ceabl e at l aw orr- in equi t y, t he r emai ni ng pr ovi si ons of t hese By- Laws shal l ,

~ never t hel ess, be and r emai n i n f ul l f or ce and ef f ect ;c:i

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