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DECLARATION OF COVENANTS AND RESTRICTIONS FOR
<br /> BELVEDERE SUBDIVISION
<br />
<br /> THIS DECL~TION is made as of the /~*'~-day of ~ ~, f/~j , 19 ~/ by
<br />THE EQUIT~LE LIFE ASS~CE SOCIETY OF T~ UNITED STATES, a New York
<br />Corporation (hereinaRer called "Declarant").
<br />
<br />WITNESSETH:
<br />
<br /> WHEREAS, Declarant owns certain lots and blocks of lots (hereinafter collectively referred
<br />to in the singular as a "Lot" and in the plural as "Lots") and surrounding properties located in
<br />Land Lot 155 of the 7th District of Fayette County, Georgia which property is more particularly
<br />shown on that certain plat of survey of Belvedere Subdivision, recorded in Plat Book25 at
<br />Pages 176 and 17__~_7, Fayette County, Georgia records (hereinafter referred to as the
<br />"Property"); and
<br />
<br /> WHEREAS, Declarant desires to establish certain covenants and restrictions pertaining to
<br />the ownership, development, use and enjoyment of the Property.
<br />
<br /> NOW THEREFORE, for and during the term hereof, as hereinafter stated, be it hereby
<br />declared that the Property is subjected to the covenants, conditions and restrictions as follows:
<br />
<br /> I. RESIDENTIAL PURPOSE. Without specific written approval from Declarant no
<br />portion of the Property shall be used except for residential purposes; provided, however, that a
<br />commercial builder may use a residential dwelling constructed by it on a Lot for a sales office so
<br />long as it is actively offering for sale houses that it constructed on the Property.
<br />
<br /> 2. ARCHITECTURAL GUIDELINES. ANY STRUCTURE OR IMPROVEMENT
<br />CONSTRUCTED ON ANY LOT, WHETHER TEMPORARY OR PERMANENT IN
<br />NATURE, SHALL BE DESIGNED AND BUILT IN ACCORDANCE WITH THE
<br />ARCHITECTURAL GUIDELINES ADOPTED BY THE ARCHITECTURAL REVIEW
<br />BOARD.
<br />
<br /> 3. ARCHITECTURAL STANDARDS. No exterior construction, alteration, addition,
<br />or erection of any improvements of any nature whatsoever, including, without limitation, a change
<br />in the color of any improvement, shall be commenced or placed upon any Lot, except such as is
<br />installed by the Declarant, or as is approved in accordance with this Section, or as is otherwise
<br />expressly permitted herein. No exterior construction, addition, erection, or alteration shall be
<br />made unless and until such plans and specifications showing at least the nature, kind, shape,
<br />height, materials, and location shall have been submitted in writing to and approved by an
<br />Architectural Review Board established by the Declarant. The Declarant may employ for the
<br />Architectural Review Board architects, engineers, or other persons necessary to enable the
<br />Architectural Review Board to perform its review. The Architectural Review Board may, from
<br />time to time, delegate any of its rights or responsibilities hereunder to one or more duly licensed
<br />architects or other qualified persons, which shall have full authority to act on behalf of the
<br />Architectural Review Board for all matters delegated. The Architectural Review Board shall
<br />adopt the design and development guidelines and the application and review procedures set forth
<br />in the Architectural Guidelines. Copies of the guidelines shall be available from the Architectural
<br />Review Board for review. The Architectural Review Board shall have sole and.fUil"~:~t~bority to
<br />prepare and to amend the Architectural Guidelines. It shall make', the ArchitectUr{~ll Guidelines
<br />available to owners, builders, and developers who seek to ~'6ngage in develop[herB of or
<br />construction upon all or any portion of the Property and such owners, b[{i4~ter~d3developers
<br />shall conduct their operations strictly in accordance therewith. , ?\. ~% ~'. . .~?~(~
<br />The Declarant shall have the right to appoint all memberS';t;'~th'~'",~Chitectural
<br />Review Board. There shall be no surrender of this right except.~n'~"V-a written instrument in
<br />recordable form executed by Declarant and recorded in the Land Records of the Clerk of the
<br />Superior Court of Fayette County, Georgia. Upon the surrender of such right, each year the
<br />resident owners of all the Lots comprising the Property shall by majority vote appoint for a one
<br />year term three (3) resident owners to serve as the members of the Architectural Review Board.
<br />The Declarant hereby appoints Peachtree City Development Corp. as the sole member of the
<br />
<br />AA943140.072
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