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<br /> � any other restrictions which may be imposed by the Act or the Governing Documents, the �
<br /> occupancy, use, operation, alienation, and conveyance of the Property shall be subject t� the
<br /> followipg restrictions and conditions: I
<br /> 7.1 General. The Property shail be owned, conveyed, encumbered, leased, use I, and
<br /> � occupi�d sabjeet to the Goveming Documents and the Act, as a_mended fram time to time� A1?
<br /> covena�ts, restrictions, and obligations set forth in the Governing Documen#s are in furthe nce
<br /> of a plan for the Property, and shatt run with the Property and be a burden and benefit t�o ail
<br /> Ownens and Occupants and to any other Person acquiring or owning an interest in the Pro�erty, .
<br /> their heirs,personal representatives,successors, and assigns.
<br /> 7.2 Subdivision or Conversion Prohibited. Except for Units subdivided or con eRed
<br /> by Declarant pursuant to Section 1b.2, a Unit may not be subdivided or converted by the�wner
<br /> of the; Unit into two or more Units, Limited Common Elements, Common Elements, r any
<br /> combination thereof Except as permitted by the Act, no part of the Common Elements ay be
<br /> subdivided, partitioned, or converted without the prior written approval of all Owners nd all
<br /> secured parties holding first mortgages on the Units. I
<br /> 73 Residential Use. The Units shall be used by Owners and Occupants an their
<br /> guest$ exclusively as private, single family residentiat dwellings, and not for transient, hotet,
<br /> comr►sercial, business, or other non-residential purposes, except as provided in Section 7. . Any
<br /> lease'of a Unit (except for occupancy by guests with the consent of the Owner, and exc�ept for
<br /> leasing of Units owed by Declarant) for a period of less than twelve months or any occl�pancy
<br /> whict� includes services customarily furnished to hote[ guests, shall be presumed to jbe for
<br /> fransient purposes. . � I
<br /> 7.4 Business Use Restricted. No business, Erade, occupation, or profession of any
<br /> kind,�whether carried on for profit or otherwise, shall be conducted, maintained, or penr�itted in
<br /> any 13nit or the Common Elements,except: �
<br /> 7.4.1 An Owner or Occupant residing in a Unit may maintain � home
<br /> occupation in such Unit; provided, that such use (i) is incidental to the residential �se;(ii) i
<br /> does not involve physical alteration or improvement of the Unit visibie from the�exterior �
<br /> of the Unit; (iii) is in campliance with all governmental laws, ordinanc s, and I
<br /> regulations; (iv) does not involve observable business activity such as signs, ad�ertising
<br />. displays, unusual numbers of deliveries, or unusual levels of pedestrian or v hicular
<br /> i traffic to and from the Unit; {v) does not involve employees, independent contra tors, or
<br /> ; consultants (other than the Owner or Occupant of the Unit}; and (vi) does not o herwise
<br /> involve activity which disturbs the quiet enjoyment of the Property by other 0 ners or .
<br /> Occupants.
<br /> 7.4.2 Declarant may maintain offices,models,sales facilities,and other usiness
<br /> facilities on the Property in connection with the exercise of its special Declarant 'ghts.
<br /> , 7.43 The AssociaUon may maintain offices on the Property for ma agement
<br /> ,� and related purposes. .
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<br /> MPI�S-Word 95281.I 1 12
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