Pine Ridge Subdivision HOA

e and property values will appreciate through property owners pride in care of their homes, property, and community relationships. MISSION
The Home Owners Association, in support of the subdivision, will work with residents in meeting all facets of the Vision. Through a focus on community and government relationships, we will work toward a reasonable and rational approach via the administration of the covenants to support the vision and mission. http://www.hoapineridgesub.com/

BYLAWS

Section 2.1. Lot Owners As Members
All those persons owning a lot in Pine Ridge Subdivision and Pine Branch Subdivision,
Oglethorpe County, Georgia, shall be members. Section 2.2. Annual Meeting Date
The annual meeting of the lot owners shall be held on the third Monday in March of each year, or, if said date be a legal holiday, then on the next succeeding day which is not a holiday. Section 2.3. Special Meetings
Special meetings of the lot owners may be called at any time by the President or by lot owners having twenty-five (25%) percent or more of the total vote of the Association. Section 2.4. Place
Annual or special meetings of the lot owners may be held at any place within reasonable proximity to said subdivisions as set forth in the notice thereof, or in the event of a meeting held pursuant to waiver of notice, as may be set forth in the waiver, or if no place is so specified, at the registered office of the Association. Section 2.5. Notice
Notice of the annual meeting of the lot owners shall be given to each lot owner at least twenty-one (21) days in advance of any annual or regularly scheduled meeting, and at least seven (7) days in advance of any special meeting, stating the time, place and purpose of such meeting. Such notice shall be delivered personally, by electronic transmission or sent by United States mail, postage prepaid, to all lot owners of record at such address or addresses as any of them may have designated, or, if no other address has been so designated, at the address of their respective lots. Section 2.6. Quorum
A quorum shall be deemed present throughout any meeting of the lot owners until adjourned if lot owners, in person or by proxy, entitled to cast more than one-third (1/3) of the votes of the Association are present at the beginning of such meeting. Section 2.7. Vote of Lot Owners
On all matters upon which the lot owners are entitled to vote, each lot owner shall be entitled to cast the number of votes which are allocated to each lot owned by such
lot owner by the Declaration. Any action of the Association shall be deemed valid upon the majority vote of the members present in person or by proxy at any annual or special meeting of the Association at which a quorum is present, unless otherwise specified in these Bylaws. The vote of the owners or a lot owned by a corporation or other legal entity shall be cast by the person named in a certificate signed by the agent of such corporation or entity, or by a general partner of a partnership, as the case may be, and
filed with the Secretary of the Association. Such certificate shall be valid until revoked by a subsequent certificate. If such a certificate is not on file, the vote of such lot shall not be considered in determining the requirement for a quorum nor for any other purpose. In no event shall more than one vote be cast with respect to any lot. Section 2.8. Proxies
Votes may be cast in person or by proxy. All proxies shall be in writing filed with the Secretary of the Association. No proxy shall extend beyond a period of eleven (11) months, and every proxy shall automatically cease upon the sale by the lot owner of his lot. Section 2.9. Presiding Officer
The presiding officer at all meetings of the lot owners shall be the President, in whose absence the Vice-President shall preside. If neither of such officers is present, the
members shall elect a chairman to preside at the particular meeting. Section 2.10. Adjournments
Any meeting of the lot owners, whether or not a quorum is present, may be adjourned by the holders of a majority of the votes represented at the meeting to reconvene at a specific time and place. It shall not be necessary to give any notice of the reconvened
meeting, if the time and place of the reconvened meeting are announced at the meeting which was adjourned. At any such reconvened meeting at which a quorum is represented or present, any business may be transacted which could have been transferred at the meeting which was adjourned. Section 2.11. Action in Lieu of Meeting
Any action to be taken at a meeting of the lot owners, or any action that may be taken at a meeting of the lot owners, may be taken without a meeting if a consent in writing setting forth the action so taken shall be signed by all of the lot owners entitled to vote
with respect to the subject matter thereof and any further requirements of law pertaining to such consents have been complied with. Section 2.12. Relationship to Covenants
This Association is formed pursuant to the covenants for Pine Branch and Pine Ridge Subdivision dated July 20, 2005, recorded in Deed Book ___, page ____, in the Office of the Clerk of the Superior Court of Oglethorpe County, Georgia, and shall act as the “Pine
Ridge Land Owners Association and the Pine Branch Land Owners Association” as fully and to the same extent as if the covenants had originally named this Association. Said covenants are incorporated herein by reference. ARTICLE III
DIRECTORS

Section 3.1. General Powers
Except as provided otherwise in the Georgia Nonprofit Corporation Code, the Declaration, the Articles of Incorporation, or these Bylaws, the powers inherent in
or expressly granted to the Association may be exercised by the Board of Directors, acting through the officers, without any further consent or action on the part of the lot owners. The Board of Directors shall have the authority to adopt from time to time reasonable rules and regulations governing the use of the property owned by the Association. All resolutions adopted and all business transacted by the Board of Directors shall require the affirmative vote of a majority of the Directors present at the meeting. The Board of Directors shall also be authorized to enter into such agreements for professional management of the Association as the Board shall deem to be in the best interests of the Association; provided, however, that all such, agreements must provide for termination on ninety (90) days' written notice and a maximum contract term of three (3) years. Section 3.2. Number of Directors
The Board of Directors of the Association shall consist of no less than three (3) members and no more than six (6) who shall be elected at each annual meeting of the lot owners and serve for a term of one year and until their successors are elected. Board members
may be re-elected and can serve no more than two consecutive terms. Section 3.3. Vacancies
The Directors may fill the place of any Director which may become vacant prior to the expiration of his term, and such appointment by the Directors is to continue until the
expiration of the term of the Director whose place has become vacant. Section 3.4. Meetings
The Directors shall meet annually without notice, following the annual meeting of the lot owners. Special meetings of the Directors may be called at any time by the President
or by any two Directors, on two days notice to each Director, which notice shall specify the time and place of the meeting. Notice of any such meeting may be waived by an instrument in writing executed before or after the meeting. Directors may attend and participate in meetings either in person or by means of conference telephones or similar communications equipment by means of which all persons participating in the meeting can hear each other, and participation in a meeting by means of such communication equipment shall constitute presence in person at any meeting. Attendance in person at such meeting shall constitute a waiver of notice thereof. Section 3.5. Action in Lieu of Meeting
Any action to be taken at a meeting of Directors, or any action that may be taken at a meeting of Directors, may be taken without a meeting if a consent in writing, setting forth the actions so taken, shall be signed by all of the Directors and any further requirements of law pertaining to such consents have been complied with. Section 3.6. Compensation
Officers and directors shall serve without compensation, but they shall be entitled to reimbursement for reasonable expenses incurred in the performance of their duties. ARTICLE IV
OFFICERS

Section 4.1. General Provisions
The officers of the Association shall consist of a President, Vice-President and Secretary-Treasurer. All officers shall be elected by the Board of Directors and shall serve at the will of the Board of Directors and until their successors have been elected and qualified. Section 4.2. President
The President shall be the chief executive officer of the Association and shall have general and active management of the operation of the Association. He shall be responsible for the administration of the Association, including general supervision of the policies of the Association, general and active management of the financial affairs of the Association, and shall execute bonds, mortgages or other contracts in the name and on behalf of the Association. Section 4.3. Vice-President
The Vice-President shall act in the President’s absence and shall have such other duties as may be assigned to him by the Board of Directors. Section 4.4. Secretary-Treasurer
The Treasurer shall be charged with the management of the financial affairs of the Association, and shall have custody of all funds and securities belonging to the
Association and shall receive, deposit or disburse the same under the direction of the Board of Directors. The Treasurer shall keep full and true accounts of the same to the Board of Directors and President as they may request. The Secretary shall keep accurate records of the acts and proceedings of all meetings of the lot owners and the Directors. He shall have authority to give all notices required by law or these Bylaws. He shall have charge of the minute books, records, contracts, corporate seal, and other documents of the Association. The Secretary may affix the corporate seal to any lawfully executed
documents requiring the same, and shall sign such instruments as may require his signature. In addition, the Secretary shall perform such other duties and have such other powers as may from time to time be delegated to him by the President or the Board of Directors. ARTICLE V
INSPECTION OF BOOKS;
NOTICE OF MORTGAGEES

Section 5.1. The books, records, and papers of the Association shall at all times, during
reasonable business hours, be subject to the inspection of any lot owner or the mortgagee of any lot owner. Section 5.2. All mortgagees who request the same shall be entitled to receive a written
notification from the Association of any default in the performance by the individual lot owner/mortgagor of any obligations owed the Association. ARTICLE VI
SEAL

Section 6.1. The seal of the Association shall be in such form as the Board of Directors may from time to time determine. In the event it is inconvenient to use such seal at any time, the signature of the Association followed by the word "Seal" enclosed in parentheses or scroll shall be deemed the seal of the Association. The seal shall be in the custody of the Secretary and affixed by him on all appropriate papers. ARTICLE VII
FISCAL YEAR

Section 7.1. The Board of Directors shall be authorized to fix the fiscal year of the Association and to change the same from time to time as it shall deem appropriate. ARTICLE VIII
AMENDMENT

Section 8.1. These bylaws may be amended, at a regular or special meeting of the members, pursuant to a resolution adopting a proposed by either the Board of Directors or by the membership of the Association. Such resolutions must be approved by members to which at least two-thirds (2/3rds) of the votes in the Association appertain. Directors and members not present at the meeting considering the amendment may express their approval in writing. ARTICLE IX
DUES

Section 9.1. The Association shall have the power to assess such dues as are reasonably
necessary for the operation of the Association including the maintenance of the common areas, which shall include, without limitation, the payment of ad valorem taxes, the provision of a general liability insurance policy and such other matters as the Association deems reasonably necessary. The Association shall establish a budget at its annual meeting. Dues notices shall be mailed promptly after the establishment of such budget and shall be due upon receipt of same by the Lot Owners. Any Lot Owner who elects not to be a member of the Association shall be billed in a similar manner by the Association as provided in the Declaration. ARTICLE X
INDEMNIFICATION AND INSURANCE

Section 10.1 Indemnification. In the event that any person who was or is a party to or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, seeks indemnification from the corporation against expenses, including attorneys’ fees (and in the case of actions other than those by or in the right of the corporation, judgments, fines and amounts paid in settlement), actually and reasonably incurred by him or
her in connection with such action, suit, or proceeding by reason of the fact that such person is or was a director, officer, employee, trustee, or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee, trustee, or agent of another corporation, domestic or foreign, nonprofit or for profit, partnership, joint venture, trust, or other enterprise, then, unless such indemnification is ordered by a court, the corporation shall determine, or cause to be determined, in the
manner provided under Georgia law whether or not indemnification is proper under the circumstances because the person claiming such indemnification has met the applicable standards of conduct set forth in Georgia law; and, to the extent it is so determined that such indemnification is proper, the person claiming such indemnification shall be indemnified to the fullest extent now or hereafter permitted by Georgia law. Section 10.2. Indemnification Not Exclusive of Other Rights. The indemnification provided in Section 12.1 above shall not be deemed exclusive of any other rights to which those seeking indemnification may be entitled under the articles of incorporation or bylaws, or any agreement, vote of members or disinterested directors, or otherwise, both as to action in his or her official capacity and as to action in another capacity while holding such office, and shall continue as to a person who has ceased to be a director, officer, employee, trustee, or agent, and shall inure to the benefit of the heirs, executors, and administrators of such a person. Section 10.3. Insurance. To the extent permitted by Georgia law, the corporation may
purchase and maintain insurance on behalf of any person who is or was a director, officer, employee, trustee, or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee, trustee or agent of another corporation, domestic or foreign, nonprofit or for profit, partnership, joint venture, trust or other enterprise. COVENANTS

Pine Ridge L. C.
555 Colonial Park Dr
Roswell, GA 30075

STATE OF GEORGIA
COUNTY OF OGLETHORFE
DECLARATION OF RESTRICTIVE COVENANTS FOR PINE BRANCH
And PINE RIDGE SUBDIVISION

KNOW ALL MEN BY THESE PRESENTS THAT Pine Ridge, L. as owner/developers of the PINE RIDGE SUBDIVISION (hereinafter, "owner"), does hereby declare, dedicate, and establish the following covenants and restrictions to be hereafter applicable to all conveyances of land lying and being partly in the 226th G. M., District of Oglethorpe County, Georgia, and partly in the 382nd G, M., District of Madison County, Georgia, and being shown as Tract 1 containing 298.65 acres, more or less, according to a plat prepared for DelMar Company by James M, Paul, RLS No. 1530, dated April 18, 1984 and recorded in Plat Book 8 Page 217 in the Office of the Clerk of Superior Court Oglethorpe County, Georgia and recorded in Plat Book 21. Page 143 in the Office of the Clerk of Superior Court of Madison County, Georgia which plat is incorporated herein by this reference for a more particular description. LESS AND EXCEPT: All that certain tract and parcel of land lying and being in Madison County, Georgia and being all that portion of Tract 1 on said plat lying north of Beaverdam Creek and within Madison County, Georgia. Also These covenants will apply to Pine Branch Subdivision, Lots 1 thru 8, Plat recorded In Plat Book A-315 Page 7 Oglethorpe County. Georgia

RESTRICTIONS

SAID COVENANTS AND RESTRICTIONS ARE SPECIFICALLY AS FOLLOWS:
1. All lots in Pine Branch Subdivision and Pine Ridge Subdivision already subdivided and any lots in the future which may be subdivided will be used for residential purposes only. No building shall be erected, placed, or permitted to remain on any tract other than one detached single family dwelling, except for garages and secondary structures (such as tool shed, Barn or greenhouse). No individual lot sold by owner and no platted lot on any Subdivision plat for PINE BRANCH or PINE RIDGE recorded by owner or his assigns may be resubdivided (except by owner or his assigns prior to the initial conveyance thereof to an unrelated third party). All structures erected must be completed within one year from the date that structural work begins. Advance written approval of the architectural plans for any house or building or other structure to be erected must be obtained from the Owner or his assign; which approval shall not be unreasonably withheld If the plans call for a traditional structure that will harmonize aesthetically with the rest of the development and meet the specific requirements herein contained,

C. No dwelling house constructed on any of said lots should in any manner be occupied until it shall have been substantially completed to the standards of the OGLETHORPE County building authorities. The work of construction of any building or structure shall proceed with reasonable diligence continuously from the time of commencement until the same shall be fully completed. D. All buildings erected must be maintained in good condition at all times. E. Secondary structures (such as tool shed, barn, or greenhouse) shall be placed to the rear of the dwelling. In no event shall any secondary structure be built or placed within the required front, side, or rear yard setbacks. Secondary structures shall not be used as either a temporary or permanent residence.

2. All dwelling houses shall have a minimum heated and cooled floor area of 1,400 square feet, exclusive of basements, porches, and garages. All houses are required to have a minimum of seven (7) three gallon evergreen shrubs placed in front of the home. All houses shall have a minimum of one (1) tree with a minimum five gallon root base and placed in the front yard. All houses shall be required to have Bermuda sod up to four (4) pallets in the front yard. If the front yard cannot be accommodated by four pallets of sod then it must be seeded, strawed, and fertilized with appropriate materials. The rear yard shall be seeded, fertilized and strawed with appropriate materials for optimum results for any space disturbed by construction.

3. No building shall be erected nearer to the front lot line than 50 feet, or nearer to rear lines than 20 feet, and no nearer to sidelines than 20 feet. This restriction is subject to revision by -and with the written consent of the Owner -and their assigns where, by reason of the contour of any particular lot the building rest would be materially affected by strict compliance with such building line requirements, or where, by reason of such contours, the appearance of the development would be adversely affected.

4. All homes shall have a one (1) year builder warranty that must be signed at the purchase of each new home.

5. No fence or wall shall be erected on the front or side starting from the rear of any home all the way to the front property pins of any lot. Homeowners may erect a fence starting with the back artier of their home and encumbering the back yard which would include the side yard but only from the back corner of the house, however, provided the rear of the house is not totally exposed to ongoing traffic thru the said subdivision. If the rear yard is exposed to thru traffic then lot owner must get written permission from the owner or homeowners association on location of fence. It is expressly provided that any metal, steel, or galvanized fences, whether or not slatted or with plastic strips, which is commonly referred to as Chain Link, Cyclone fence. Rio Grande fence or the like shall not be permitted, unless they are black in color. Developer shall be allowed to use certain plastic decorative fences for the entrance and common areas.

6. On those lots having drainage ditch, or ditches, either natural or man-made, said ditch shall not be altered, covered, or diverted so as to cause damage to an adjoining lot. Such ditch or ditches may, however, be enclosed with culvert pipe of size capacity and installation approved by the city, county engineer provided that such enclosure does not increase the volume of water normally flowing in said ditch or ditches or so concentrate such flow of water as to cause damage to any property or property owner's within the subdivision.

7. No -sign of any -kind shall be -displayed to the public view on any lot except one sign not more than six (6) square feet in area advertising the lot and/or home for sale and/or a sign with similar limitations far temporary use by builder to advertise the property during the-construction and sales period. This restriction shall not prevent the use of ornamental markers bearing the name and address of the occupants of each lot.

8. No "Dish" type antenna or other apparatus for-receiving television or radio transmission shall be erected or maintained upon any subdivision lot unless it can be located on the house or around the house with minimum exposure to the public and the location of which has been approved -by the Owner.

9. The Owner reserves for itself and for its successors and successors in-title an Easement for access, ingress and egress to and from and over any property as shown on the recorded plat of survey of the subdivision to install, service, replace or maintain, repair and improve Any of the easements shown on or established by such plot of survey of the subdivision. Mutual reciprocal easements for access are hereby reserved for the benefit of each lot or dwelling unit across any other lot or dwelling unit as may be necessary for the control, maintenance and repair of any utility, water and storm water lines, structures or facilities -affecting or crossing any lot or dwelling unit.

10. The Owner reserves for itself and OGLETHORPE County, or any municipality or political subdivision as may have jurisdiction thereof the right, title and privilege of a general easement, which shall be perpetual alienable and assignable, to go in and on the property with men and women and their equipment to maintain and to repair in a proper workman like manner the water drainage ditches, including trenching and installation of pipes, sewers and other equipment and structures necessary or convenient thereof. This reservation shall not be considered an obligation of the developer to provide or maintain any such utilities or services.

11. No shelter of a temporary or permanent character, such as a travel trailer, basement, tent, shack, garage or barn shall be used on any lot any time as a residence, either temporary or permanent. The builder/developer; however, may use a temporary sales and constriction trailer provided They keep it well maintained.

12. No structure can be rented separate from the main dwelling.

13. No fuel tanks or storage receptacles, including garbage and trash, or bikes, toys, boats, motorcycles, ATV vehicles, etc. shall be exposed to public view, they shall be stored in the garage or in a storage unit that is approved by the owners or the land owners association which will be located out of public view. These shall either be located or kept in an accessory building, underground, or surrounded by special foliage or the owners or the association must approve the fencing. Cars, pickup trucks, boats must be parked in the garage, however, if the house only has one garage the owner shall he allowed to park only on their designated paved driveway and shall not be permitted to park in the grass or on the street.

14. No animals, livestock, poultry of any kind shall be raised, bred or kept on any lot and no structures for their housing and accommodation shall be erected or maintained thereon, unless the owner gives special written consent. Dogs and cat or other household pets may be kept provided they do not exceed (2) in total and are not kept, bred or maintained for any commercial purposes unless they can be done from the confines of the interior of the persons home and does not cause a nuisance. No pet shall be allowed to roam to other persons' property or to make a nuisance of itself in any way including excessive barking or creating any danger to anyone, otherwise the animal control will be contacted and the animals will be removed at the owner's expense.

15. No noxious or offensive activities shall be carried on upon any lot, nor shall anything be done thereon which may be or may become an annoyance or nuisance to the neighborhood. ABSOLUTELY no shooting of guns of any kind on anyone's lot or common property of this development. ABSOLUTELY no riding `of dirt bikes, or vehicles, go carts, etc. on anyone else's lot or any of the roads or common grounds of this development. No unlicensed or junk cars, equipment, or similar vehicles shall be permitted to remain on any tract unless said vehicles or equipment are completely enclosed in an outbuilding or garage. No tractor-trailer of any kind or commercial work vehicles shall be permitted to be parked on the street, in the driveway, or on any common ground of any home. Any inconspicuous work vehicle other than a tractor trailer or their cabs can submit to the board of the land owners association requesting in writing at their discretion permission for specified said vehicle to he parked in, their driveway.

16. All houses and buildings exteriors must be kept in good condition with necessary repairs, painting, and the like. Yards must be maintained and landscaped in a neat and proper manner and kept free of junk end unsightly debris at all times. Any fences must be kept in good repair and good condition at all times. All grassy areas must be mowed on a regular basis and underbrush area must be cut and managed so all yards look groomed and presentable.

17. All -driveways shall be finished with brick, asphalt, or concrete unless written approval is obtained in writing from the developer or association.

18. The Declaring, as Owner, its successors and assigns, or any lot owner, may proceed at law or in equity to prevent the occurrence or continuation of any violation of these covenants and restrictions. ENFORCEMENT

19. Enforcement of these restrictions shall be by proceedings at law or in equity against any person or persons violating or attempting to violate any covenant or as provided in Section 21 below, Such legal action may be one to restrain a violation, to seek specific performance, or recover damages, inter alias. All remedies shall be cumulative and any waiver or a breach of any covenants or restrictions hereunder shall be construed as a continuing waiver,

20. These restrictions and covenants are to run with the land and shall be personally binding on all grantees/vendees and their successors and assigns so long as they are the owner or purchaser of a lot within the Subdivision for a period of 30 years from the date these covenants and restrictions are recorded, and shall automatically extend another 20 years unless an instrument extending or modifying the same is theretofore signed by 75% of the then owners of the lots and duly recorded in the OGLETHORPE County Deed Records; provided that said restrictions and covenants cannot be modified without Owners written permission so long en it owns legal title to any lots within the Subdivision.

21. Invalidation of any of these covenants by judgment or court order shall in no way affect any of the other provisions, which shall remain in full force and. effect. HOMEOWNERS ASSOCIATION REQUIREMENTS

22. All grantees/vendees, upon The conveyance by deed of their respective lots or execution of their land contracts, shall automatically become members of an ad hoc non-profit general partnership, to be known as the Pine Ridge Land Owners Association and Pine Branch Land Owners Association (hereinafter, the "Association"), and shall remain so for as long as they are the owner or purchaser of a lot within the Subdivision. The Association shall exist for the exclusive and limited purpose of managing, maintaining, and administering all matter pertaining to the common interests, expenses, and obligations of the grantees/vendees as owners and purchasers of lots within the subdivision, including enforcement of the above covenants and restrictions, maintenance of any common entrance area after it is conveyed by the Owner to the Association, and eventual succession to the administrative responsibilities of the Owner hereunder (as described in Section 24- below). a. From and after the formation of the Pine Ridge Land Owners Association it shall have responsibility for the enforcement of these covenants and restrictions for both Pine Branch and Pine Ridge so far as they benefit grantee/vendees and - after any initial construction by Owner of any common entrance and conveyance of the same to the Association --it shall have responsibility for the continued maintenance (the continuation of seeding liming, and grassing, mowing), repair and rebuilding of all shoulders and for the general upkeep of other common amenities and pursuit of common neighborhood concerns within the Subdivision (such as planting trees along the roads and right-of-way, removing debris from their any vacant lots within the Subdivision,, weed, pest, and insect control, etc.). b. Decision-making authority for the Association shall be vested in a Management Committee comprised of an elected President, Vice President, and Secretary/Treasurer. Votes will be comprised of one (1) vote for one (1) authorized representative for each of the lots that has been conveyed by deed or contract. Like-wise the owner shall be entitled to two (2) votes for each lot owned by the owner/developer as shown on any current recorded subdivision plat or plats. c. The Management Committee shall meet at least once a year or more often upon written notice from any member. A quorum shall consist of 50% representation of all the members of the Committee. All decisions as to necessary expenses for any maintenance, repair and rebuilding of any common entrance to Pine Ridge and Pine Branch the roads, and rights-of-way, etc. and the enforcement of the grantees/vendees' interest under these covenants and restrictions (including the cost of abating any violation of these covenants and restrictions and attorneys fees) shall be made by a majority vote of the quorum of the Management Committee: and by a like vote the Management Committee shall have the right to levy equal assessments against the respective grantees/vendees in the amount deemed necessary to cover the cost of any such necessary expenses, but not to exceed more than ONE HUNDRED AND TWENTY ($120.00) dollars a year per lot unless such an assessment is ratified by a vote of at least fifty one percent (51%) of the actual membership of association. The association dues will begin with a two hundred dollar ($200.00) origination fee plus their pro-rata share of the one hundred and twenty (S 120.00) association dues at the time of original closing for each home in Pine Ridge end Pine Branch and `Will be added to the closing cost and be payable to Pine Ridge Land Owners association and deposited into their specific account. The home owners will be responsible for diligently paying each year's association dues at the end of each fiscal quarter (fiscal year will be January to December). d. Moreover, in the event any such expense is necessitated by the willful or negligent act of a particular grantee/vendee or his invitees, licensees, or assigns or by the breach of his obligations hereunder, said grantee/vendee shall have thirty days front receipt of notice from the Managing Committee to complete all such necessary repairs or to fulfill any other affirmative performance or abatement obligations hereunder. In the event said repairs or covenant obligations are not completed or fulfilled by the grantee/vendee's sole cost and expense and assess him for it as a special assessment
(If necessary, the Management Committee may assess the other grantees/vendees in order to accomplish said repair or performance or abatement in the first instance, provided they will be entitled to reimbursement if and when the special assessment is collected). e. if any assessment (including special assessments) is not paid when due, the unpaid assessment, together with court cost, reasonable attorney fees, and the late charge, interest prescribed below, shall be secured by an equitable charge and continuing lien on such grantee/vendee's lot (s) in favor of the other grantees-/vendees represented by the Management Committee. f. Any successor or assign of a grantee/vendee member of the Association shall, by accepting tide to or a vendees Interest under a contract for any lot, agree that he will be personally liable, for any such assessments falling due thereafter while he holds title to or the vendee's interest in the lot. g. Any assessment or any portion thereof not paid when due shall incur a late charge of forty dollars ($40). The continuing lien of such assessment shall include the late charge and interest can the principal amount due at the maximum lawful rate allowable in the State of Georgia (not to exceed 18% per annum) and the other amounts previously indicated. If the assessment remains unpaid after sixty (60) calendar days from the original due date, the Management Committee may institute suit on behalf of the other owners to collect such amounts and to foreclose their lien, The other owners through the Management Committee shall have the power to bid on the delinquent owners property at any foreclosure sale and to acquire, hold, lease, mortgage and convey. h. While the Owner retains a legal or equitable interest in any lot(s) within the Subdivision, it shall be Privileged to help organize the Management Committee, to receive notice of and attend all meetings of the Association and the Management Committee, and to call a meeting of the Management Committee if one has not been held within the last six (6) months.

23. So long as it retains any legal or equitable interest in any lots within the Subdivision the Owner shall independently enjoy the same enforcement rights against defaulting grantees/vendees as are conferred on the Association under Section 21 above, including without limitation the right to enter upon the lot of the defaulting party and cure any default and to have an equitable lien against said lot to secure payments of all the expenses of such cure, Including attorneys fees.

24. These covenants and restrictions are intended to benefit and to be enforceable at law and in equity by the owner(so long as it retains any legal or equitable interest in any lots) within the Subdivision and by the individual grantees/vendees and the Pine Ridge Owners Association provided that the Owner may at any lime delegate to the Pine Ridge Owners Association all or part of its prerogative hereunder to grant various permissions to individual grantees/vendees and shall be deemed to have done so totally and permanently at such time as it no longer retains any legal or equitable interest in any lot(s) within the subdivision, if it, had not done so earlier.

25. Upon the sale of fifty percent (50%) of all homes in Subdivisions homeowners agree to conduct a formal meeting and elect officers in order to claim responsibility and became responsible for expenses of upkeep and maintenance of the entire subdivision covenants, and all other duties to maintain development -