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WHEREAS, Declarant is the owner of certain real property in the City of Pequot Lakes, Crow <br /> Wing County, Minnesota, legally described on the attached Exhibit A(the"Property"); and <br /> WHEREAS, Declarant desires to create on the foregoing property a townhome resort <br /> community with open spaces and recreational facilities for the benefit of said community, as <br /> hereinafter provided; and <br /> WHEREAS, Declarant desires to provide for the preservation of the values and amenities in <br /> the community and for the maintenance of said private open spaces and recreational facilities and to <br /> this end desires to subject the Property to the easements, restrictions, covenants, conditions, charges <br /> and liens hereinafter set forth, each and all of which is and are for the benefit of the Property and each <br /> Owner thereof; and <br /> WIIEREAS, Declarant has deemed it desirable for the,40 <br /> ent preservation of the values and <br /> amenities in the community to create an agency to which sh©W be legated and assigned the power <br /> of maintaining and administering the community properties and :'61cilities, administering and <br /> enforcing the covenants and restrictions herein contained and coping and disbursing the <br /> assessments and charges hereinafter created; and <br /> WIW-REAS, Wilderness Resort Villas,AssociatiM Inc. has been organized under the laws of <br /> the State of Minnesota,as a nonprofit corpo °- the pt�se of exercising these functions. <br /> NOW, THEREFORE, Declarant declares that the Property shall be held, transferred, sold, <br /> conveyed and occupied subject _ ollowcovenants, conditions, restrictions, easements, <br /> charges and liens (sometimes.marred as "tenants and restrictions"), which covenants and <br /> restrictions shall run with the Property a4be,biniAllog on all parties having any right, title or interest <br /> therein,their heirs, successors andns, and inure to the benefit of each Owner thereof. <br /> ARTICLE L <br /> DEFINITIONS <br /> The following war x used in this Declaration (unless the context shall prohibit) shall <br /> have the following meanings: <br /> (a) "Association" shall mean Wilderness Resort Villas Association, Inc., a Minnesota non- <br /> profit corporation, and its successors and assigns. <br /> (b) "Common Area" shall mean all real property and improvements thereon owned by the <br /> Association for the common use and enjoyment of the Owners and such other persons to whom the <br /> Owners may delegate this right pursuant to the Declaration as defined with particularity. The <br /> Common Area shall be owned by the Association for the common use and enjoyment of the Owners <br /> and such other persons to whom the Owners may delegate this right pursuant to the Declaration. The <br /> Common Area owned or to be owned by the Association at the time of the conveyance of the first Lot <br /> is legally described as Lot , Block , Wilderness Resort Villas. <br /> 4 <br />