Common use of RESTRICTIONS OF THE PROPERTY Clause in Contracts

RESTRICTIONS OF THE PROPERTY. The PROPERTY shall be covered by and subject to the Deed of Restrictions for the PROJECT, a copy of which is attached here as Annex A together with the following documents, pertaining to the PROJECT, are also made integral part hereof: Rules and Regulations governing the Homeowners’/Village Association; Rules and Regulations governing the Election of Directors and Officers of the Homeowners/Village Association; Rules and Regulations governing the use of the Community Facilities and Public Areas; Rules and Regulations governing the construction of various structures; The sketch plan of the lot showing the area boundaries and dimensions and other landmarks. The BUYER shall make it his/her/its obligation and duty, in the event the SELLER fails, for whatever reason to furnish the BUYER with copies of any of the attachments in this Contract, to ask for copies of the attachments from the SELLER. The Deed of Restrictions shall be annotated on the title to the PROPERTY and shall be valid and effective for fifty years from inscription. The BUYER shall, at all times, faithfully comply with the conditions set forth in the Deed of Restrictions and the above-cited ancillary documents, including all amendments thereon, as well as other rules and regulations which the Homeowners/Village Association for the PROJECT may effect or promulgate from time to time. Any violation of the BUYER of any of the provisions of the Deed of Restrictions and its ancillary documents, its amendments, and other rule or regulation of the PROJECT, shall be sufficient ground for the cancellation of this Contract, as provided in Clause No. 16 unless, such violation is covered by specific sanctions or penalties, as stipulated in the Deed of Restrictions or ancillary documents, in which case, the said sanction or penalty shall be enforced.