Corolla Light By Laws and Covenants - Outer Banks real estate

DECLARATION OF COVENANTS, CONDITIONS & RESTRICTIONS OFCOROLLA LIGHT COMMUNITY ASSOCIATIONArticle I Definitions Article X General ProvisionsSec. 1 DurationArticle II Covenants, Restrictions & AffirmativeSec. 2 AmendmentsObligations Applicable to Properties inSec. 3 EnforcementCorolla Light PUD Sec. 4 InterpretationSec. 5 SeverabilityArticle III Violations of Covenants Sec. 6 Authorized ActionSec. 7 Proper NoticeArticle IV The Property Sec. 8 Other AgreementsSec. 1 Existing Property Sec. 9 Limited LiabilitySec. 2 Additions to Existing PropertySec. 10 Termination of AssociationArticle V Association Membership & Voting Rights Article XI Rights of MortgageesSec. 1 MembershipSec. 1 Priority of LienSec. 2 Voting RightsSec. 2 Right of First RefusalSec. 3 GovernanceSec. 3 Effect of AmendmentsSec. 4 Election of Board of DirectorsSec. 5 Company Right of VetoSec. 6 ReferendumArticle VIProperty Rights in the Common PropertiesSec. 1 Easement of Enjoyment in Common PropertiesSec. 2 Title to Common PropertiesSec. 3 Extent of Members’ EasementsSec. 4 Conveyance to AssociationArticle VII Covenants for AssessmentsSec. 1 Lien & Personal Obligation of AssessmentsSec. 2 Purpose of AssessmentsSec. 3 Duties of the Board of DirectorsSec. 4 Annual BudgetSec. 5 Reserve FundsSec. 6 Commencement of AssessmentsSec. 7 Non-Payment of AssessmentSec. 8 Exempt PropertySec. 9 Annual StatementsArticle VIII Functions of the AssociationSec 1 Ownership & Maintenance of Common PropertiesSec. 2 ServicesSec. 3 Obligations of the AssociationSec. 4 Mortgage Properties and Pledge RevenueSec. 5 Rules & Regulations for Common AreasArticle IX Architectural ControlSec. 1 Architectural Review BoardSec. 2 Review & ApprovalSec. 3 Architectural Review ProcedureSec. 4 Requirements & StandardsSec. 5 Right of AppealNORTH CAROLINACOUNTY OF CURRITUCK2