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2006-04-28 Declaration of Covenants, Easements and RestrictionsLABEAUX STATION ;CLARATION OF COVENANTS, EASEMENTS AND RESTRICTIONS Th~s Declaration of Covenants, Easements and Restrictions (the "Declaration") is made this ~~ ~~ day of ~~~t-~ ~ ; 2006, by CASCADE II LAND CO., LLC, a Minnesota limited liability company (the "Developer"). WHEREAS, Developer is the owner of certain real property located in Wright County, Minnesota, legally described in Exhibit A attached hereto, and Developer desires to submit said real property and all Improvements thereon (collectively the "Property") to this Declaration, and WHEREAS, Developer desires to establish on the Property a retail, office and commercial center, to be owned, occupied and operated for the benefit of Developer and its successors and assigns, and their tenants, customers, invitees and mortgagees, and for the purpose of preserving the value, the quality and the architectural character of the Property, and WHEREAS, the Property is not subject to Minnesota Statutes Chapter S15B by reason of the exemption contained in Section S15B.1-102(e)(4), and is not subject to a master association as defined in said statute. THEREFORE, the Property shall be subjected to this Declaration under the name "LaBeaux Station," and this Declaration shall constitute covenants to run with the Property, and the Property and any real estate added thereto shall be owned, used, occupied and conveyed subject to the covenants, restrictions, easements, charges and liens set forth herein, all of which shall be binding upon all Persons owning or acquiring any right, title or interest therein, and their heirs, personal representatives, successors and assigns. SECTION 1. DEFINITIONS The following words when used in the Governing Documents shall have the following meanings (unless the context indicates otherwise): l.l) "Act" means the Minnesota Nonprofit Corporation Act, Minnesota Statutes Chapter 317A, as amended. 1.2) "Assessments" means and refers to all Assessments levied by the Association pursuant to Section 6 of this Declaration, including annual Assessments, special Assessments and limited Assessments. 1.3) "Association" means the LaBeaux Station Business Association, a nonprofit corporation which has been created pursuant to Minnesota Statutes Chapter 317A, whose members consist of all Owners of Parcels. 1.4) "Board" means the Board of Directors of the Association, as provided for in the Bylaws. 1.5) "Building" means a building located on a Parcel. 1.6) "B lbws" means the Bylaws governing the operation of the Association, as amended from time to time. 1.7) "City„ means the City of Albertville, Minnesota. 1.8) "Common Expenses" means all expenditures made or liabilities incurred by or on behalf of the Association and incident to its operation, including Assessments and items otherwise identified as Common Expenses in the Declaration or Bylaws. 1.9) "Common Property" means all parts of the Property except the Parcels, including all Improvements thereon. 1.10) "Developer Control Period" means the time period during which Developer has the exclusive right to appoint the members of the Board, as provided in Section 12 of this Declaration. 1.11) "Governing Documents" means this Declaration, and the Articles of Incorporation and Bylaws of the Association, as amended from time to time, all of which shall govern the use and operation of the Property. 1.12) "Improvement" means any physical improvement of any kind, including but not limited to any Building, wall, fence, sign, enclosure, screening, utilities system, communications system, irrigation or drainage system, pond, roadway, walkway, parking area, landscaping, or any other type of structure or physical improvement, and any additions or changes thereto, located on the Property. 1.13) "Member" means a Person who is an Owner as defined in this Declaration. The words "Owner" and "Member" maybe used interchangeably in the Governing Documents. 1.14) "Mortgagee" means any Person owning a mortgage recorded against a Parcel, which mortgage constitutes a first mortgage lien against the Parcel. 1.15) "Occupant" means any Person or Persons, other than an Owner, occupying or conducting a business on a Parcel, including, but not limited to, tenants and their employees. 1.16) "Owner" means a Person who owns a Parcel, but excluding contract for deed vendors, mortgagees, and other secured parties and holders of reversionary interests. 1.17) "Parcel" means a part of the Property, other than Common Property, upon which is constructed or intended to be constructed a Building or Buildings designed and intended for office, commercial or retail use. Each Parcel is identified on Exhibit A attached hereto, as subsequently amended. Z. 1.18) "Parcel Developer" means a Person which has acquired a Parcel which has not been improved with a Building for the purpose of constructing a Building and related Improvements thereon. 1.19) "Person" means an individual, corporation, limited liability company, partnership, limited liability partnership, trustee, or other legal entity having the capacity to hold title to real property. 1.20) "Plat" means the recorded plat depicting the Property pursuant to the requirements of Minnesota Statutes Chapter 505, as amended from time to time. 1.21) "Property" means all of the real property subject to this Declaration, now or in the future, including all Buildings and other Improvements located thereon. 1.22) "Regulations" means the Regulations of the Association as approved from time to time pursuant to Section 3.9. References to Section numbers refer to Sections of this Declaration, unless otherwise expressly indicated. References to the singular shall include the plural where context requires, and conversely. SECTION 2. PROPERTY 2.1) Property. The Property subject to this Declaration is described in Exhibit A attached hereto. Exhibit A may be amended from time to time to include other property, as authorized by Sections 2.2 and 2.3. 2.2) Annexation of Property by Developer. So long as the Developer owns a Parcel, the Developer has the exclusive unilateral right, but not the obligation, to subject other real property to this Declaration as part of the Property. Any property so annexed may be designated as Common Property or Parcels, or a combination thereof. The Developer may, without the consent of any Person, prepare, execute and record an amendment to this Declaration, as necessary, to subject the additional property to this Declaration, and to reallocate Common Expense obligations, voting rights and memberships in accordance with the formulas described in this Declaration. 2.3) Annexation of Other Property. In addition to property annexed by the Developer, other real property maybe annexed to the Property and subjected to this Declaration with the prior written approval of (i) the Board, (ii) the Developer so long as the Developer owns an unsold Parcel for sale, and (iii) the City. Any property so annexed maybe designated as Common Property or Parcels, or a combination thereof. The Governing Documents shall be amended, as necessary, to subject the property to this Declaration, and to reallocate Common Expense obligations, voting rights and memberships in accordance with the formulas described in this Declaration. 3. 2.4) Deannexation of Property. Upon the prior written approval of the City, portions of the Property maybe deannexed and released from this Declaration, subject to the following requirements: (i) the Property shall be owned by the Developer or the Association, (ii) the deannexation shall be approved by the Developer (if the Property is owned by the Developer) and the Board, and (iii) an amendment to this Declaration describing the deannexation and the Parcel being deannexed shall be executed by the Developer (if the Property is owned by the Developer) and the Association, consented to by any mortgagee of the Parcel to be deannexed and recorded. Upon recording of the amendment, the deannexed Parcel shall no longer be subject to this Declaration, and all rights and obligations of the Owner of the Parcel with respect to the Property and the Association shall terminate. 2.5) Interests Subject to Plan of Development. Every Owner, secured party or other Person holding or acquiring an interest in a Parcel, shall take title or hold such interest subject to the Developer's rights pursuant to this Declaration. Notwithstanding anything to the contrary in this Declaration, the Developer's rights or obligations under the Governing Documents may not be changed in whole or in part without the prior written consent of the Developer, which consent maybe granted or denied in the Developer's sole and absolute discretion. SECTION 3. ASSOCIATION STRUCTURE, AUTHORITY AND MEMBERSHIP 3.1) Formation/Purposes. The Association has been created as a Minnesota nonprofit corporation for the purpose of performing the following functions: 3.1.1 To maintain (i) any Common Property and all Improvements thereon, (ii) common signs, entrance monuments and related design elements identifying LaBeaux Station, whether located on the Property or not; and (iii) certain Improvements of benefit to the Parcels and located on the Parcels. 3.1.2 To administer and enforce the covenants, conditions, restrictions, easements, and other rights and obligations, set forth in the Governing Documents and the Regulations. 3.1.3 To control, preserve and enhance the architectural and environmental character of the Property. 3.2) Authority and Administration. The operation and administration of the Association and the Property shall be governed by the Governing Documents, the Regulations and the Act. 3.2.1 The Association shall have and exercise all powers necessary to carry out its purposes described in the Governing Documents on behalf of the Owners and Occupants. 3.2.2 The power and authority of the Association is vested in the Board, unless action or approval by the Members is specifically required by the Governing Documents or the Act. All references to the Association mean the Association acting through the Board, unless expressly stated to the contrary. 4. 3.2.3 All agreements and determinations made by the Association in accordance with its authority under the Governing Documents are binding upon all Persons having any interest in or using the Property. 3.3) Parcels. The Property is designed to accommodate various types of nonresidential development, including offices and retail and service businesses, as approved by the Developer and the City. The Property is divided into Parcels, each of which is designed to accommodate an office Building, or a commercial, retail or service-oriented Building, and related Improvements such as parking facilities, walkways, driveways and landscaping. The Parcels are described in Exhibit A attached hereto. The Developer may create additional Parcels out of real property added to the Property pursuant to Sections 2.2 and/or 2.3. 3.4) Membership. Membership in the Association is governed by the following qualifications: 3.4.1 Each Parcel shall have one membership in the Association, subject to the qualifications set forth in this Section 3.4. Except as expressly provided in this Declaration, a membership shall be appurtenant to and shall not be separated from the Parcel to which it is attached, and shall be automatically transferred to any successor Owner together with the title to the Parcel. 3.4.2 Rights with respect to a membership shall be exercised by a director appointed to the Board by the Owner of the Parcel to which the membership is attached, as provided in the Bylaws. 3.4.3 No Person holding a security interest in any part of the Property shall be a Member solely by reason of such interest. 3.4.4 Additional memberships in the Association maybe created only by subjecting other property to this Declaration, and designating one or more Parcels on the annexed property in accordance with the requirements of this Declaration. 3.5) Member Voting. The Owners constitute the sole class of voting Members. One vote is allocated to each Parcel. Each Owner or Owners of a Parcel are entitled to cast the vote allocated to the Parcel they own. Multiple ownership of a Parcel shall not affect the voting rights allocated to the Parcel. As Parcels are created on other property annexed to the Property, or reduced in number by deannexation, votes shall be reallocated to reflect the changed number of Parcels. Member voting procedures are set forth in the Bylaws. 3.6) B~ ly aws. The Association shall have Bylaws, which shall govern the operation and administration of the Association, subject to this Declaration in the event of a conflict. The Bylaws are binding upon all Owners and Occupants, and their invitees, all Mortgagees and other secured parties, and all other Persons holding or acquiring any interest in the Property. 3.7) Board of Directors. The Association's affairs shall be administered and managed by the Board, as provided in the Bylaws. Directors shall be elected, serve and exercise their powers as provided in the Bylaws; provided, that the Developer has the exclusive right to appoint 5. certain directors of the Association during the Developer Control Period, as set forth in Section 12. 3.8) Mana eg ment. The Board may delegate to a manager or managing agent the management duties imposed upon the Association's officers and directors by the Governing Documents. Such delegation of management authority shall not limit the authority of an Owner to retain a manager for a Parcel or Parcels owned by it; provided, that the management of the Parcel shall be conducted and coordinated with the Association's management, so as not to impair or conflict with the management and operation of the Association and the Property as prescribed by the Governing Documents. Any delegation of management authority on behalf of the Association does not relieve the Association's officers and directors of the ultimate responsibility for the performance of their duties as prescribed by the Governing Documents and by law. The Developer and/or an affiliate of the Developer may be employed as the manager of the Association and/or the Property pursuant to a separate, written agreement, subject to termination if and as provided by the agreement. 3.9) Regulations. The Property and the conduct of Persons thereon is subject to regulation, as follows: 3.9.1 The Board has the exclusive authority to approve and implement such reasonable Regulations as it deems necessary from time to time for the purpose of facilitating the operation of the Property and exercising its powers; provided that the Regulations shall not be inconsistent with the Governing Documents or applicable law. The inclusion in other parts of the Governing Documents of authority to approve Regulations is in furtherance, and not in limitation, of the authority granted by this Section. New or amended Regulations shall be effective only after thirty (30) days' prior notice, with copies of the changes to the Regulations, has been given to the Owners. 3.9.2 A Parcel Owner may establish reasonable rules relating to the conduct of persons using or visiting the Owner's Parcel or individual business located thereon; provided that the rules shall be consistent with and subject to the Governing Documents, the Regulations and applicable law. 3.10) Dissolution. Subject to the City's prior written approval, the Association may be dissolved in accordance with the provisions of the Articles of Incorporation of the Association and the Bylaws. SECTION 4. PROPERTY AND PROPERTY RIGHTS 4.1) General. Those parts of the Property (if any) owned by the Association and not included within the Parcels constitute Common Property, which shall be owned by the Association for the benefit of the Owners and Occupants, and. their invitees to the extent authorized by the Governing Documents. The Owners and Occupants, and the public to the extent authorized, shall have a reasonable right of use and enjoyment in the Common Property. The rights, interests, easements and obligations attributable to a Parcel shall pass with the title to the Parcel as an appurtenance thereto, whether or not referenced in the instrument of conveyance. 6. 4.2) Management and O erp ation. Except as otherwise expressly authorized by the Governing Documents, the Association shall manage, operate, maintain, repair and replace the Common Property (if any) and perform all administrative functions relating to the operation of the Association. Common Expenses for the operation of the Association, and the maintenance, repair, replacement and management of the Property, shall be assessed against and collected from the Owners in accordance with Section 6. 4.3) Title to Common Property. When real property is subjected to this Declaration, title to that portion of such property constituting Common Property (if any) shall simultaneously be conveyed to the Association. Common Property shall be conveyed and owned subject to: (i) building and zoning laws, and state and federal regulations; (ii) reservations of mineral rights in the State of Minnesota; (iii) the lien of real estate taxes not yet due and payable; (iv) this Declaration, and (v) other easements, covenants, conditions and restrictions of record. 4.4) Limitations on Rights and Easements. The easements and other rights of the Owners and Occupants with respect to the Common Property shall be subject to the obligations, conditions and restrictions described in or authorized by this Declaration and the Declaration of Easements, all of which shall be appurtenant to and pass with the title to each Parcel. SECTION 5. EASEMENTS The following appurtenant easements and rights are hereby granted, conveyed, dedicated and reserved on, over, under and across the Property, as applicable. 5.1) Utilities and Drainage. There are nonexclusive easements for authorized public and private utilities providers, for the installation, use, maintenance, repair and replacement of storm and sanitary sewers, drainage systems, storm water retention ponds and related facilities, and electrical, natural gas, telephone and water lines benefitting the Property, on, under and across the Property, as (i) constructed by the Developer, (ii) shown on the Plat, (iii) described in this Declaration or other recorded instruments or (iv) approved by the Board on any Common Property. 5.2) Communications. There are nonexclusive easements for authorized public and private providers, for the installation, use, maintenance, repair and replacement of telephone, cable TV, fiber optic, security and other communication and electronic services benefitting the Property, on, under and across the utilities easement areas as (i) constructed by the Developer, (ii) shown on the Plat, (iii) described in this Declaration or other recorded instruments, or (iv) approved by the Board on the Common Property (if any). 5.3) Encroachments. There is an exclusive easement for encroachments for the benefit of the encroaching Improvement in the event that a Building or any other Improvement now or hereafter constructed encroaches upon an adjoining Parcel due to nonmaterial inaccuracies in survey, construction, reconstruction, settlement, movement or the like. The easement shall continue for as long as the encroachment exists and shall not affect the marketability of title to the Parcel. This easement for encroachments shall also include an easement for the maintenance and use of the encroaching Improvements. 7. 5.4) Entrance Signs and Monuments. There are non-exclusive easements in favor of the Developer and the Association to erect, use, maintain, repair and replace entrance monuments, signs and related Improvements identifying the Property or specific Parcels or features, on and across the Common Property (if any) and those parts of the Parcels identified as easement areas in the Plat or any other recorded instruments. 5.5) Pedestrian Access. There are nonexclusive easements in favor of the Owners and Occupants of the Parcels, and their customers and other invitees, for pedestrian access to businesses located on the Parcels on and over those parts of the Common Property (if any) and the Parcels which are (i) designed, designated, surfaced or otherwise improved as walkways, sidewalks, driveways, parking areas or plazas, or (ii) identified as such on the Plat or site plans for the Property. 5.6) Parking and Vehicular Access. There are mutual nonexclusive easements in favor of all of the Owners and Occupants, and their customers and other invitees, for vehicular access and parking on and over those parts of the Common Property (if any) and those parts of each of the Parcels which are (i) designed, designated, surfaced or otherwise improved as access drives or parking areas, or (ii) identified as such on the Plat or site plans for the Property, subject to the following qualifications: 5.6.1 Handicapped parking spaces shall be maintained adjacent to each Building for the benefit of handicapped persons visiting that Building. 5.6.2 Except for authorized maintenance activities, no Person shall construct any Improvement, nor obstruct, dump or store anything, on the parking areas or access drives, nor undertake or permit any activity, which may impair access to or use of such facilities. 5.7) Maintenance Access. There is anon-exclusive easement in favor of the Association, including any management agent or service vendor retained by the Association, for access on and across the Common Property (if any) and the open space areas of the Parcels for the purpose of performing maintenance, repair and replacement for which the Association is responsible under the Governing Documents or any agreement with the City. The easement rights shall be exercised, whenever practicable, upon reasonable notice to any Owner whose Parcel is directly affected. 5.8) Private Street Maintenance. There is an exclusive easement in favor of the Association to construct, maintain and repair private streets on the Common Property, pursuant to the terms of that certain Private Street Maintenance Agreement by and between the Developer and the Association. 5.9) Public Safety and Health. There are nonexclusive easements in favor of the City and other applicable governmental authorities or agencies as shall from time to time have jurisdiction over the Property, on and across drives, walkways, parking areas, plazas and other open space areas of the Property for reasonable access to perform such duties related to law enforcement, fire protection, life safety, health and sanitation as are reasonably required from time to time. 8. 5.10) Developer Rights. There are exclusive easements in favor of the Developer for the exercise of its Developer rights under Section 12, which easements shall terminate when the Developer no longer owns a Parcel or has a right to add additional real property to the Property. 5.11) Duration, Restrictions and Use. The rights and easements granted or reserved by this Section 5 shall be permanent, shall run with the land, unless otherwise expressly indicated, and shall be subject to the following qualifications: 5.11.1 The easements shall supplement and not limit any easements described elsewhere in this Declaration or any recorded instrument. 5.11.2 The easements shall be subject to reasonable regulation by the Association and shall be subject to such reasonable limitations as to location and routing as may be established by the Association or any governmental authority. 5.11.3 The easements shall include reasonable access over, under and across the Property to maintain, repair, replace and reconstruct the easement areas and any Improvements located thereon. 5.11.4 No Improvement shall be erected or maintained, no excavation, grading or reshaping shall be undertaken, and no refuse, fill or other material shall be placed, in an easement area, which may damage or interfere with the installation, use or maintenance of such area, or which may change or impede the flow of water through any drainage easement area. 5.11.5 Persons exercising easement rights shall (i) take reasonable care to avoid damaging the Property or creating safety hazards; (ii) promptly repair any damage to the Property which they or their employees or agents caused; (iii) promptly reimburse the Association for all costs incurred by it for repairing damage to an easement area caused by the Person exercising the easement rights; and (iv) hold harmless, indemnify and defend the Association and other Owners, and their officers and directors, from and against all claims, damages, losses and other liabilities arising out of the exercise of the easement rights. 5.11.6 Except as otherwise provided in this Declaration, the Developer's easement rights described in this Declaration shall terminate when Developer no longer owns a Parcel or has the right to add additional property to the Property. 5.11.7 No grant, dedication or creation of an easement under this Declaration shall constitute a dedication of the easement area or the use thereof to the public, it being the intent of this Declaration that the Common Property be and remain private property subject to operation, control and regulation by the Association, and that the Parcels be and remain private property subject to operation, control and regulation by the respective Owners thereof and/or the Association, as applicable, all in compliance with the Governing Documents. 5.12) Restriction on Third Party Easement Grants. Except for the Developer in the exercise of its rights under this Declaration, and the Board in the exercise of authority granted by 9. the Governing Documents, no Person shall create, grant or convey any easement or comparable rights upon any portion of the Property without the prior written approval of the Board; provided, that the Board shall not unreasonably withhold such approval (i) the easement will not adversely affect the Common Property or another Parcel and (ii) the easement is consistent with the overall design and plan for the Property as established by the Developer and approved by the City. Approval by the Board shall not be unreasonably withheld if the easement satisfies the foregoing criteria. SECTION 6. ASSESSMENTS 6.1) General. Assessments shall be determined and assessed against the Parcels by the Board, in its discretion; subject to the requirements and procedures set forth in this Section 6 and the requirements of the Bylaws. 6.2) Allocation of Assessments. Annual and special Assessments for Common Expenses shall be allocated among the Parcels in accordance with the allocation schedule set forth in Exhibit B attached hereto. Allocations of Common Expenses shall be adjusted according to the allocation schedule set forth in Exhibit B, if and when additional Parcels are added to the Property. 6.3) Annual Assessments. Annual Assessments shall be established and levied annually by the Board. Each annual Assessment shall cover all of the anticipated Common Expenses of the Association for that year which are to be shared by all Parcels in accordance with the allocation formula referred to in Section 6.2. Annual Assessments shall be payable in equal quarterly, semi-annual or annual installments, as established by the Board. 6.4) Special Assessments. In addition to annual Assessments, and subject to the limitations set forth hereafter, the Board may levy in any Assessment year a special Assessment against all Parcels in accordance with the allocation formula referred to in Section 6.2. Special Assessments shall be used for the purpose of defraying in whole or in part the cost of any unforeseen and unbudgeted, or underbudgeted, Common Expenses. 6.5) Limited Assessments. In addition to annual Assessments and special Assessments, certain Common Expenses benefiting fewer than all the Parcels shall be allocated among the Parcels as set forth in Exhibit B, unless unanimously agreed otherwise by the Board as provided in the Bylaws. Common Expenses benefiting fewer than all Parcels, and not covered by Exhibit B, maybe allocated and levied by the Board, at its discretion, against only the Parcel or Parcels benefitted. In addition, the Board may levy the following limited Assessments: 6.5.1 If any damage to the Common Property or another Parcel is caused by the act or omission of any Owner or Occupant, or their employees, agents or invitees, the Board may assess the costs of repairing the damage exclusively against the offending Owner's Parcel to the extent not covered by insurance. 6.5.2 Reasonable attorneys' fees and other costs incurred by the Association in connection with (i) the collection of Assessments and (ii) the enforcement of the 10. Governing Documents, the Act, or the Regulations, against an Owner or Occupant, or their invitees, may be assessed against the offending Owner's Parcel. 6.5.3 Late charges, fines and interest may be assessed as provided in Section 11. Assessments levied under this Section 6.5 may, at the Board's discretion, be assessed as a part of, or in addition to, other Assessments levied under Section 6. 6.6) Liability of Owners for Assessments. The obligation of an Owner to pay Assessments shall be as follows: 6.6.1 The Owner of a Parcel at the time an Assessment is payable with respect to the Parcel shall be personally liable for the Assessment. Such liability shall be joint and several where there are multiple Owners of the Parcel. Except as provided in Section 6.6.2, the liability is absolute and unconditional, and no Owner is exempt from liability for payment of Assessments by right of set-off, by waiver of use or enjoyment of any part of the Property, by absence from or abandonment of the Parcel, by the waiver of any other rights, or by reason of any claim against the Association or its officers, directors or agents, or for their failure to fulfill any obligations under the Governing Documents. 6.6.2 Notwithstanding anything to the contrary in the Governing Documents, the Developer shall not be liable to pay any Assessment with respect to any Parcel owned by it, nor shall the Parcel be subject to a lien for such Assessments, until the date on which a Building located on the Parcel has been. substantially completed. The Developer may grant to a Parcel Developer, in writing, a similar partial or complete exemption from liability for Assessments; provided that such exemptions shall be granted and administered in a uniform, non-discriminatory manner as among all Parcel Developers similarly situated. A substantially completed Building is a Building with respect to which a certificate of occupancy or other comparable certification has been issued by the city. 6.7) Assessment Lien. The Association has a lien on a Parcel for any Assessment levied against that Parcel, from the time the Assessment is levied. If an Assessment is payable in installments, the full amount of the Assessment is a lien against the Parcel from the time the first installment thereof becomes due. Fees, charges, late charges, fines and interest charges imposed by the Board against the Parcel or its Owner are also liens, and are enforceable as Assessments. Recording of the Declaration constitutes record notice and perfection of any lien under this Section 6, and no further recordation of any notice of or claim for the lien is required. The release of the lien shall not release the Owner from personal liability unless agreed to in writing by the Association. 6.8) Foreclosure of Lien.; Remedies. Alien for Assessments may be foreclosed against a Parcel under the laws of the State of Minnesota (i) by action, or (ii) by advertisement in alike manner as a mortgage containing a power of sale. The Association, or its authorized representative, shall have the power to bid in at the foreclosure sale and to acquire, hold, lease, use, mortgage or convey any Parcel so acquired. The Owner or any other Person claiming an 11. interest in the Parcel, by the creation, acceptance or assertion of any interest in the Parcel, grants to the Association a power of sale and full authority to accomplish the foreclosure. The Association shall, in addition to its other remedies, have the right to pursue any other remedy at law or in equity against the Owner who fails to pay any Assessment or charge against the Parcel. 6.9) Lien Priority; Foreclosure. Alien for Assessments is prior to all other liens and encumbrances on a Parcel, except (i) liens and encumbrances recorded before the Declaration, (ii) any first mortgage on the Parcel, and (iii) liens for real estate taxes and other governmental assessments or charges against the Parcel; provided, that this Section shall not prohibit the Association from subordinating, releasing or assigning its lien rights as authorized by the Board. 6.10) Voluntary Conveyances; Statement of Assessments. In a voluntary conveyance of a Parcel the buyer shall not be personally liable for any unpaid Assessments and other charges made by the Association against the seller or the seller's Parcel prior to the time of conveyance to the buyer, unless expressly assumed by the buyer. However, the lien of such Assessments shall remain against the Parcel until released or satisfied. Any seller or buyer shall be entitled to a statement from the Association setting forth the amount of the unpaid Assessments against the Parcel, which statement shall be binding on the Association, seller and buyer. SECTION 7. RESTRICTIONS ON USE OF PROPERTY All Owners and Occupants, and all secured parties, by their acceptance or assertion of an interest in the Property, or by their occupancy of part or all of a Parcel, covenant and agree that, in addition to any other restrictions which maybe imposed by the Governing Documents, the occupancy, use, operation, alienation and conveyance of the Property shall be subject to the following restrictions: 7.1) General. The Property shall be owned, conveyed, encumbered, leased, used and occupied subject to the Governing Documents, as amended from time to time. All covenants, restrictions and obligations set forth in the Governing Documents are in furtherance of a plan for the Property, and shall run with the Property and be a burden and benefit to all Owners and Occupants and to any other Person acquiring or owning an interest in the Property, their heirs, personal representatives, successors and assigns. 7.2) Subdivision. Except as permitted by this Declaration, no Parcel or Common Property maybe subdivided or partitioned without the written approval of (i) the Owner of the Parcel, (ii) the City, (iii) the Board, and (iv) the Developer so long as it has the right to add Additional Property. 7.3) Permitted/Prohibited Uses. The Parcels shall be primarily used for retail, commercial and office purposes in compliance with the applicable City approvals, ordinances and zoning regulations, and state and federal law. However, notwithstanding anything to the contrary in the Governing Documents or laws or ordinances, none of the following businesses, trades, occupations or professions, whether carried on for profit or otherwise, shall be conducted, maintained or permitted anywhere on the Property: adult book store, adult theater, adult amusement facility, any facility offering, selling, providing or displaying adult-oriented or 12. sexually explicit materials, liquidation facility, auction house, flea market, sleeping quarters or lodging, industrial use, place of worship, betting establishment, bingo parlor, or any use which violates City ordinances. 7.4) Parkin. Surface parking on the Common Property (if any) and all of the Parcels shall be available for use by all Owners and Occupants, and their customers and other invitees in accordance with the easements described in Section 5.6. Overnight parking, or storage or prolonged parking of vehicles, trailers or other transportation devices, or other personal property of any type, is prohibited unless (i) authorized by the Board, (ii) authorized by the Owner of any Parcel on which the parking is located, and (iii) in compliance with City ordinances. 7.5) Animals. The keeping, boarding, sheltering, breeding or sale of any animal on the Property is prohibited; provided, that this prohibition shall not restrict (i) the operation of a pet store on a Commercial/Retail Parcel or (ii) the legitimate use of qualified "service" animals by individuals who are handicapped as defined under the Minnesota Human Rights Act or the Fair Housing Amendments Act of 1988, as amended. The term "animal" shall be construed in its broadest sense, and shall include all living creatures, except humans. 7.6) Sigi s. Sign or other displays of any type may be erected (i) only at locations established by the Developer or subsequently approved by the Board, (ii) in compliance with City sign ordinances and the design standards established for the Property by the Developer, and (iii) approved pursuant to Section 8. However, an Owner may erect and post signs on the Owner's Parcel as necessary to direct traffic, identify spaces, and facilitate other internal operations of the Parcel. The Owner on whose Parcel a sign or signs are located shall be responsible for maintaining the signs in good condition and in a manner consistent with the first- class maintenance and design standards applied to the Property as a whole, except that any common signs advertising LaBeaux Station shall be maintained by the Association. 7.7) Exterior Lighting. The location, size, color and design of all lighting fixtures or similar equipment used or shown outside of a Building must be (i) in compliance with City lighting requirements, (ii) consistent with the design standards established for the Property by the Developer, and (iii) approved pursuant to Section 8. 7.8) Outdoor Activities. Outdoor activities on the Property, such as promotional events, demonstrations, displays, outdoor dining or other activities which have the potential to affect any easement or use rights, or cause a nuisance or disruption, shall be subject to approval by the Board and the Owner of any Parcel on which the activity will take place. In determining whether to authorize an activity, the Board shall take into consideration, among other things, the security of the Property, the potential for disturbance or damage to the Property,. the potential liability for the Association or any Member, the health and safety of Persons occupying or using the Property, and whether the activity unreasonably impairs any easement or other authorized use of the Property. 7.9) Development Agreement. The Developer has entered into that certain City of Albertville Master Planned Unit Development/Conditional Use Agreement Labeaux Station (the "Development Agreement"), dated , 200_, and recorded as Document No. with the Hennepin County Recorder with the City. The 13. Development Agreement contains various restrictions and requirements with respect to the development of the Property, the construction of Buildings and other Improvements thereon, and the use and maintenance of various spaces owned or maintained by the Association. The Developer, Parcel Developers, Owners, Occupants and all other Persons owning, occupying or using the Property shall comply in all respects with the Development Agreement. 7.10) Quiet Enjoyment; Interference Prohibited. All Owners and Occupants and their invitees shall have a right of quiet enjoyment in their respective Parcels, subject to the usual and customary sights, sounds, odors and activities commonly associated with the operation of businesses such as those located on the Property from time to time. Subject to the foregoing, the Property shall be owned, occupied and used so as not to cause a nuisance or undue disturbance, nor unduly restrict, interfere with or impede the use of the Common Property and the Parcels by the respective Owners and Occupants and their invitees. 7.11) Compliance with Law. No use shall be made of the Property which would violate any then existing municipal codes or ordinances, or state or federal laws, nor shall any act or use be permitted which could cause waste to the Property, cause a material increase in insurance rates on the Property, or otherwise cause any unusual liability, health or safety risk, or expense, for the Association, or any Owner or Occupant or their invitees. 7.12) Time Shares Prohibited. The time share form of ownership, or any comparable form of lease, occupancy rights, ownership, or right-to-use programs, which has the effect of dividing the ownership or occupancy of a Parcel or any part thereof into separate time periods, is prohibited. SECTION 8. CONSTRUCTION AND ARCHITECTURAL STANDARDS 8.1) Construction of Buildings. The Parcel Developer or a subsequent Owner of a Parcel shall have the right to construct a permanent Building or Buildings on the Parcel, subject to prior approval of the plans and specifications by the Developer and by the City. All such construction shall be subject to the following conditions: 8.1.1 A Parcel Developer or other Owner who wishes to construct a Building or other Improvements on an unimproved Parcel shall submit to the Developer an application requesting approval of the Improvements. The application shall include detailed plans, specifications and related information regarding the proposed Improvements, in form and content acceptable to the Developer. The application and related materials shall be submitted to the Developer at least 90 days prior to the projected commencement of construction. No grading, site preparation or other construction shall be commenced prior to approval of the proposed Improvements. The Developer shall respond to the application in writing within the time frame and subject to the procedures set forth in Sections 8.3.2 and 8.3.3. The Parcel Developer or Owner shall also be subject to Sections 8.4 and 8.5. Additional construction or site alterations made following the initial approval by the Developer shall be subject to Sections 8.2 through 8.5. 14. 8.1.2 All construction activities shall be performed in compliance with all laws, rules, regulations, orders, codes and ordinances of the City and other applicable governmental authorities having jurisdiction over the Property. The Owner of the Parcel shall be responsible for obtaining all permits and approvals prior to commencing any site activity for which such approvals are required. 8.1.3 The Owner of the Parcel shall not permit any mechanic's or materialmens' liens or other similar liens to attach to any part of the Property. Notwithstanding the foregoing, the Owner undertaking or authorizing such construction may contest the validity or amount of any such lien by paying an appropriate amount into court and thereby causing the lien to be released at such Owner's expense. 8.1.4 The Owner of the Parcel shall hold harmless, indemnify and defend the Developer, Association, other Owners, the Property and each individual Parcel, from and against all liens, encumbrances losses, claims, damages, expenses and liabilities (including reasonable attorneys' fees) arising out of construction activities undertaken or allowed to be undertaken by the Owner on the Parcel. 8.1.5 Except as otherwise agreed by the Developer and the Association, all storage of materials and parking of construction vehicles and equipment, including workers' vehicles shall be restricted to the Parcel owned by the Owner or public streets. 8.1.6 The Owner of the Parcel shall be responsible for repairing any damage to Improvements located on that Parcel or elsewhere on the Property and arising out of the construction activity. Said Owner shall promptly restore any damaged property to substantially its condition immediately prior to the event causing the damage or to a condition compatible with the current Improvements if further Improvements have been made. 8.1.7 Neither Developer nor any of its officers, directors or employees, nor any Person acting on behalf of any of them, shall be responsible for any defects in plans and specifications or construction undertaken by an Owner on a Parcel. Each Person submitting plans and specifications to the Developer for approval shall be solely responsible for the sufficiency of the plans and specifications submitted and for the quality of construction of the Improvements constructed, and shall hold harmless, indemnify and defend the Developer, and its officers, directors and employees, from and against any and all claims, damages and liabilities arising out of the approval, construction or use of any Improvements, including but not limited to reasonable attorneys' fees and court costs. 8.1.8 The Developer may, from time to time, establish and provide to Parcel Developers and other Owners design and construction standards with respect to Buildings and other Improvements to be constructed on the Parcels. All such standards and requirements shall be binding upon and apply to all Parcel Developers and other Owners, and any other Person undertaking construction on a Parcel. 15. 8.2) Restrictions on Alterations. One of the purposes of this Declaration is to ensure that the Common Property, and those parts of the Buildings and other parts of the Parcels which are visible from the exterior, be kept architecturally attractive and consistent in appearance with the original project design characteristics established by the Developer. Therefore, except as set forth in Section 8.6, the following restrictions and requirements shall apply to alterations on the Property subsequent to initial construction of the Improvements on a Parcel: 8.2.1 Except for initial construction subject to the Developer's exclusive approval under Section 8.1 or as otherwise expressly provided in this Section 8, no structure, Building, addition, deck, patio, fence, wall, enclosure, antenna or other type of sending or receiving apparatus, sign, display, material topographical or landscaping change, grading or excavation, nor any other exterior Improvements to or alteration of any Parcel (referred to as an "alteration" or "alterations"), shall be commenced, erected or maintained, unless and until the plans and specifications showing the nature, kind, shape, height, color, materials and locations of the alterations shall have been approved in writing by the Board or a committee appointed by it. Notwithstanding the foregoing, Developer's written consent shall also be required for alterations for so long as Developer owns a Parcel for sale. 8.2.2 The Board may appoint, supervise and establish an architectural committee, and specifically delegate to it part or all of the functions which the Board exercises under this Section 8, in which case the references to the Board shall refer to the architectural committee where appropriate. The architectural committee shall be subject to the supervision of the Board. 8.2.3 The Board may establish standards for approval of alterations, which shall, at a minimum, (i) adequately protect the Property, the Association, Owners and Occupants from liens and other liabilities arising out of the construction of the alterations, (ii) maintain the design characteristics, exterior materials and colors of the Building and other Improvements located on the Parcel, and (iii) comply with governmental laws, codes and regulations. The Board, or the appointed architectural committee if so authorized by the Board, shall be the sole judge of whether such criteria are satisfied. 8.2.4 Approval of alterations which encroach upon another Parcel or the Common Property shall create an appurtenant easement for such encroachment in favor of the Parcel with respect to which the alterations are approved, notwithstanding any contrary requirement in the Governing Documents or the Act. A file of the resolutions approving all alterations shall be maintained permanently as a part of the Association's records. 8.3) Review Procedures. The following procedures shall govern requests for alterations under this Section: 8.3.1 Detailed plans, specifications and related information regarding any proposed alteration, in form and content acceptable to the Board, shall be submitted to the Board (and to Developer if applicable) at least sixty (60) days prior to the projected commencement of construction. No alterations shall be commenced prior to approval. 16. 8.3.2 The Board (and/or Developer if applicable) shall give the Owner written notice of approval or disapproval. If the Board (and/or Developer if applicable) fail to approve or disapprove within forty-five (45) days after receipt of said plans and specifications and all other information requested by the Board (and/or Developer if applicable), then approval shall be deemed to be granted; provided, that the construction must be done in accordance with the plans, specifications and related information which were submitted or shall be deemed not approved. 8.3.3 If no request for approval is submitted, approval shall be deemed to be denied. 8.4) Remedies for Violations. The Association may undertake any measures, legal or administrative, to enforce compliance with this Section and shall be entitled to recover from the Owner causing or permitting the violation all attorneys' fees and costs of enforcement incurred by the Association, whether or not a legal action is started. Such attorneys' fees and costs shall be a lien against the Owner's Parcel and a personal obligation of the Owner.. In addition, the Association shall have the right to enter the Owner's Parcel and to restore any part of the Building or Parcel to its prior condition if any alterations were made in violation of this Section, and the cost of such restoration shall be a personal obligation of the Owner and a lien against the Owner's Parcel. 8.5) Owner Responsibility/Indemnity. The Owner who causes an alteration to be made, regardless of whether the alteration is approved by the Board, shall be responsible for the construction work and any claims, damages, losses or liabilities arising out of the alterations. The Owner shall hold harmless, indemnify and defend the Association, and its officers, directors and committee members, from and against any claims, damages, expenses, losses or other liabilities, including but not limited to attorneys' fees or costs of litigation, arising out of (i) any alteration which violates any governmental laws, codes, ordinances or regulations, (ii) the inadequacy of the specifications or standards for construction of the alterations, and (iii) the construction of the alterations. 8.6) Exemptions. The requirements set forth in this Section 8 (except Section 8.5) shall not apply to original construction by the Developer or its affiliates. SECTION 9. MAINTENANCE 9.1) Association Obli atg ions. The Association is obligated to, or may as indicated, provide the following maintenance, repair and replacement on the Property: 9.1.1 Maintain, repair and replace the Common Property (if any), including all Improvements thereon. 9.1.2 Maintain, repair and replace common entrance or directional signs and related monuments identifying the Property, or businesses located thereon, whether located on or adjacent to the Property. 17. 9.1.3 Maintain the infiltration plantings in good working order at all times as required by Paragraph 1, Section I of the Development Agreement. 9.1.4 Maintain, repair and replace the private street lighting (if any), private street medians (if any), median landscaping (if any), and the surfaced private streets located on the Common Property, including, but not limited to, seal coating, striping, asphalt repair and replacement, sweeping and snow removal. 9.1.5 Maintain, repair and replace landscaping, sidewalks, surfaced parking areas, driveways, medians and curbs located on the Parcels, including, but not limited to, seal coating, striping, asphalt repair and replacement, sweeping and snow removal. . 9.1.6 Undertake such other maintenance, repair or replacement of the Property as may be approved by a seventy-five percent (75%) majority vote of the Board; provided, that a Board resolution authorizing such additional services must be approved for each calendar year in which such services are to be undertaken and in the absence of such approval, the Association's obligation to perform those services shall terminate at the end of the calendar year for which the Board authorization was effective. 9.1.7 Restore the Improvements on any Parcel to substantially their prior condition where the Improvements have been damaged or destroyed by the Association's maintenance activities. 9.1.8 Enter any Parcel and perform required maintenance which the Parcel Owner has neglected or refused to perform, after thirty (30) days' notice to the Parcel Owner, and assess all costs thereof against the Owner's Parcel. 9.1.9 The Association's maintenance shall be performed in compliance with the (i) Governing Documents, (ii) all applicable governmental laws, codes, ordinances and regulations, and (iii) any standards established for the Property by the Developer and approved by the City. 9.1.10 The costs of maintenance, repair and replacement shall be allocated among the Parcels in accordance with Section 6 and Exhibit B. All such maintenance, repair and replacement required under this Section 9.1 shall be performed in a commercially reasonable manner as required by the Developer's Agreement. 9.2) Owner Obligations. The maintenance obligations of the Owners are as follows: 9.2.1 Except for maintenance, repair or replacement performed by the Association, owners shall maintain, repair or replace their respective Parcels and all Buildings and other Improvements thereon, including but not limited to parking area lighting, in first class, clean, safe and sanitary condition, in compliance with the (i) Governing Documents, (ii) all applicable governmental laws, codes, ordinances and regulations, and (iii) any standards established for the Property by the Developer and approved by the City. 18. 9.2.2 If damage to the Property is caused by the acts or omissions of an Owner, or an Occupant of the Owner's Parcel, or their employees, contractors, agents or invitees, the Owner shall, promptly upon the request of the Association, (i) restore the damaged property to substantially its prior condition or better condition, or (ii) pay for the cost of restoration, if undertaken by the Association. 9.3) City Right to Maintain. In the event the Association fails to perform any of its obligations as set forth in subsections 9.1.1 through 9.1.10 above, the City may provide written notice to the Association regarding the Association's failure to perform its obligations, which notice shall specifically describe the maintenance, repair or replacement which the Association has failed to provide. If the Association fails to provide the maintenance, repair or replacement described in the City's notice within thirty (30) days following the Association's receipt of the City's notice, the City may, but shall not be obligated, to enter upon Property and perform the maintenance, repair or replacement described in the City's notice. Notwithstanding the foregoing, the City shall only be required to provide 48 hours notice to Association in the event private streets are not maintained in accordance with the Development Agreement such that the private streets pose a safety hazard to the general public as further outlined in Section 1(H) of the Development Agreement. The Association shall be responsible for costs and expenses incurred by the City in performing such maintenance, repair or replacement. SECTION 10. INSURANCE AND RECONSTRUCTION 10.1) Association Insurance. The Association shall obtain and maintain the following insurance relating to the Property: 10.1.1 Property Insurance. Property insurance in broad form, covering all risks of physical loss, for the full insurable replacement value of any insurable Improvements located on the Common Property (if any). The insurance policy shall provide such other coverages, limits and deductibles as the Board deems reasonable. 10.1.2 Liability Insurance. Commercial general liability insurance covering the Common Property (if any), and the activities of the Association and its officers, directors, volunteers or employees in connection with the performance of its and their duties. Said liability insurance shall be in the minimum amounts of (i) $3,000,000 for an accident affecting more than one person in or resulting from one occurrence and (ii) $1,000,000 property damage for each occurrence. The insurance policy shall provide for such other coverages, limits and deductibles as the Board deems reasonable. 10.1.3 Other Insurance. Such other types and amounts of insurance as maybe determined by the Board to be necessary or desirable, including, but not limited to, officers and directors' liability insurance, workers' compensation insurance, and insurance or fidelity bonds covering dishonest acts by those Persons having control or custody of the Association's funds. 10.1.4 Association as Trustee/Premiums. All insurance coverage maintained by the Association shall be written in the name of the Association as trustee for the Owner or 19. Owners, as applicable. The premiums for the insurance shall be a Common Expense, except that the cost of any coverages or limits resulting from unique or hazardous activities carried out on a particular Parcel or Parcels maybe assessed against that Parcel or Parcels. The Board shall have exclusive authority to negotiate, settle and adjust claims under all policies obtained by the Association. 10.1.5 Policy Requirements. Insofar as permitted by law, the Association shall be required to make every effort to secure insurance policies with the following provisions and endorsements, if reasonably available: 10.1.5.1 Policies shall be written with a company licensed to do business in the State of Minnesota and holding arating of A-X1 (or comparable) or better in such financial categories as established by Best's Insurance Reports, if such a company is available, or if not available, its equivalent rating or the best rating possible. 10.1.5.2 Policies shall contain a waiver by the insurer of its right to cancel without first giving thirty days' prior written notice of such cancellation to the Association. 10.1.5.3 No policy or coverage shall be brought into contribution with insurance purchased by Owners, and all policies shall contain appropriate provisions to that effect. 10.1.5.4 Policies shall contain a waiver of subrogation by the insurer as to any claims against the Association and Owners and their directors and officers, and the Association's manager, if any. 10.1.5.5 Policies shall contain a provision that no policy maybe canceled, invalidated, or suspended on account of the conduct of one or more of the Owners, or on account of the acts of any director, officer, employee, or agent of the Association or of its manager, without prior demand in writing delivered to the Association to cure the defect and the allowance of a reasonable time thereafter within which to cure the defect. 10.1.5.6 Liability insurance shall contain cross-liability endorsements to cover liability of the Association to an Owner and shall also name the Developer as an additional insured for so long as the Developer owns any part of the Property. 10.1.6 Deductibles. The Board shall determine the insurance deductible amounts. The Association shall have the right to pay insurance deductible amounts out of Common Expense funds or to assess the deductible amounts against the Parcels involved in the claim, based upon fault or any other reasonable criteria determined by the Board. 10.2) Owner Insurance. Each Owner shall obtain and maintain the following insurance relating to the Owner's Parcel: 10.2.1 Property insurance insuring all insurable Improvements on the Owner's Parcel for the full insurable replacement value of such Improvements. 20. 10.2.2 Commercial general liability insurance covering the Owner's Parcel, including, but not limited to, the public streets and parking areas located thereon, and the activities of the Owner, and its officers, directors, employees, agents and invitees in connection with the Owner's operation, management and use of the Parcel, including any additional coverages customarily carried for unique or hazardous activities arising out of a business or activities conducted on the Parcel. Said liability insurance shall be in the minimum amounts of (i) $3,000,000 for an accident affecting more than one person in or resulting from one occurrence and (ii) $1,000,000 property damage for each occurrence. Each Owner shall, upon request of the Association or any other Owner, famish a certificate or certificates of such insurance. 10.2.3 Each Owner shall hold harmless, indemnify and defend each other Owner, the Developer and the Association, and their officers and directors, from and against all claims, actions, damages and other liabilities arising out of incidents occurring on such Owner's Parcel or arising out of the conduct of its Occupants, employees, agents, contractors and invitees while on the Property, unless caused by the intentional or negligent act or omission of the Association or the Owner to be indemnified. 10.3) Damage or Destruction to Improvements. The repair or reconstruction of damaged or destroyed Improvements to the Common Property (if any) shall be promptly undertaken and completed by the Association. The repair or reconstruction of damaged or destroyed Improvements located on a Parcel shall be promptly undertaken and completed by the Owner of the Parcel. All repair or reconstruction shall restore the Improvements to substantially their condition immediately prior to the casualty or better condition. If the Owner of the Parcel which suffers the casualty does not wish to reconstruct the Improvements, and if each Mortgagee of the Parcel and the Association agree in writing to such plan, then the Improvements need not be rebuilt; provided, that all remains of the Improvements located on the Parcel shall be removed from the Parcel or buried if perrnitted, and the Parcel shall be graded and all debris shall be removed from the Parcel, all of which shall be done at the expense of the Parcel Owner and to the satisfaction of the Association and the City. SECTION 11. COMPLIANCE AND REMEDIES 11.1) Entitlement to Relief. The Association has authority to commence legal action to recover sums due, for damages, for injunctive relief, or any combination thereof, or an action for any other relief authorized by the Governing Documents or available at law or in equity. Legal relief maybe sought by the Association against any Owner, or by an Owner against the Association or another Owner, to enforce compliance with the Governing Documents, the Regulations or the decisions of the Association. However, no Owner may withhold any Assessments, or take or omit other action in violation of the Governing Documents, the Regulations or the Act as a measure to enforce such Person's position, or for any other reason. 11.2) Remedies. In addition to any other remedies, express or implied, administrative or legal, the Association shall have the right, but not the obligation, to implement any one or 21. more of the following actions against Owners or Members which violate the provisions of the Governing Documents or the Regulations: 11.2.1 Commence legal action for legal or equitable relief in any court of competent jurisdiction. 11.2.2 Impose late charges of up to the greater of $100, or 20% of the amount past due, for each past due Assessment or installment thereof, and impose interest at the highest rate permitted by law on all such unpaid amounts from the due date. 11.2.3 If any Assessment or installment thereof becomes more than thirty (30) days past due, all remaining installments of Assessments assessed against the Parcel maybe accelerated by the Board, and shall then be payable in full together with all costs of collection and late charges. Ten (10) days' advance written notice of the acceleration shall be given to the defaulting. Owner, during which time the Owner may cure the default by payment of the past due Assessments and all related charges, interest and attorneys' fees, if any. 11.2.4 Impose reasonable fines, penalties or charges for each violation of the Governing Documents or the Regulations. 11.3) Rights to Hearing. Before the imposition of any of the remedies authorized by Section 11.2.3 or 11.2.4, the Board shall, upon written request of the offender, grant to the offender an opportunity for a fair and equitable hearing. The offender shall be given notice of the nature of the violation and the right to a hearing, and at least ten (10) days within which to request a hearing. The hearing shall be held within thirty (30) days of receipt of the hearing request, and with at least ten days' notice to the offender. If the offender fails to appear at the hearing, then the right to a hearing shall be waived and the Board may take such action as it deems appropriate. The decision of the Board, and the rules for the conduct of hearings established by the Board, shall be final and binding on all parties. The resulting decision shall be delivered in writing to the offender within ten (10) days following the hearing, if not delivered to the offender at the hearing. 11.4) Liability for Owners' and Occupants' Acts. An Owner or Occupant shall be liable for the expense of any maintenance, repair or replacement of the Property arising out of their acts or omissions, or the acts or omissions of their invitees, to the extent that such expense is not covered by the proceeds of insurance. 11.5) Costs and Attorneys Fees. With respect to or any measures, legal, administrative, or otherwise, which the Association takes to enforce the provisions of the Governing Documents, or the Regulations, the offender shall promptly pay or reimburse the Association for any expenses incurred in connection with such enforcement, including without limitation fines or charges previously imposed by the Association, fees of attorneys and other professionals, court costs and collection agency contingent fees. 22. SECTION 12. DEVELOPER RIGHTS The Developer hereby reserves exclusive and unconditional authority to exercise the following Developer rights for as long as it owns a part of the Property or has the right to subject any Additional Property to the Property, or for such shorter period as maybe specifically indicated: 12.1) Complete Improvements. To complete all Improvements to the Property contemplated by the Developer's development plans, contemplated by the Declaration or approved by the City, and to make alterations on the Common Property (if any) or on Parcels owned by it to accommodate its activities. 12.2) Development and Sales Facilities. To construct, operate and maintain sales and leasing offices, management offices, models, and other development, sales and rental facilities on the Common Property (if any) and within any part of the Property owned by the Developer. 12.3) Suns. To construct and maintain signs and other sales displays offering parts of the Property for sale, on the Common Property (if any) and any part of the Property owned by the Developer or subject to its easement rights. 12.4) Easements. To have and use access easements, for itself, its employees, contractors, representatives, agents and prospective purchasers through and over the Property for the purpose of exercising its Developer rights. 12.5) Control the Association. To control the operation and administration of the Association, including but not limited to the power to appoint and remove the members of the Board, until the earliest o£ (i) voluntary surrender of control by the Developer, (ii) sixty (60) days after the date when certificates of occupancy have been issued by the City for Buildings located on seventy-five percent (75%) of the Parcels which the Developer has the right to create or develop based on City approvals, or (iii) the date ten (10) years following the date of recording of the Declaration. 12.6) Add, Combine or Subdivide Property. To add real property, or to combine, relocate or subdivide parts of the Property pursuant to Sections 2.2, 2.3 and 13. 12.7) Approval of Certain Amendments. To approve any amendment or other change to the Governing Documents or any Regulations for as long as the Developer owns any part of the Property or has the unexpired right to subject any Additional Property to this Declaration. 12.8) Other Rights. To exercise any other rights and powers granted or reserved to the Developer by any other section of the Governing Documents. 12.9) Transfer of Developer Rights. Some or all of the Developer rights under Section 12 or 13 may be voluntarily transferred, temporarily or permanently, by the Developer by a separate instrument signed by the Developer and the transferee; provided, that (i) written notice of the transfer shall be given to all Parcel Owners at least thirty (30) days prior to the 23. effective date of the transfer, and (ii) no further transfer of the Developer rights may be made by the transferee without the prior written consent of the Developer. Upon the transfer of any Developer rights, the Developer's liability shall be limited to matters arising from its acts occurring before the transfer or relating to any Developer rights retained by the Developer, and the Developer shall not be liable for any matters arising from the exercise of Developer rights by any subsequent holder of the Developer rights. SECTION 13. RIGHTS TO COMBINE, RELOCATE AND SUBDIVIDE PROPERTY The Developer shall have the exclusive unilateral right to (i) combine, subdivide or relocate the boundaries between Parcels; (ii) combine or subdivide Parcels; or (iii) replat Parcels subject. to this Declaration and create new Parcels or Common Property therefrom, as provided in this Section. Subject only to approval by the City, the Developer may take such action while it owns the property in question or thereafter as provided in this Section, subject to the following requirements: 13.1) The creation, combination or subdivision of a Parcel shall comply with all governmental laws, codes and regulations applicable to the transaction, and shall be for purposes consistent with those set forth in the Governing Documents. 13.2) Any membership, voting rights and Common Expense obligations accruing to an affected Parcel shall, as necessary, be reallocated in accordance with Sections 3 and 6. 13.3) The creation, relocation, combination or subdivision shall be accomplished by Developer preparing, executing and recording an amendment to the Declaration, as needed. 13.4) If the change involves a Parcel not owned by the Developer, then the approval of the Owner of the Parcel shall be required. SECTION 14. AMENDMENTS This Declaration maybe amended by recording an amendment in the office of the applicable county recording officer, subject to the following requirements: 14.1) Approvals. The amendment shall be approved as follows: 14.1.1 The amendment shall be approved by at least aseventy-five percent (75%) majority of the votes of all members of the Board. The amendment may be approved by a voice vote at a Board meeting or in writing. 14.1.2 An amendment which affects any rights or obligations of the Developer shall be approved in writing by the Developer so long as the Developer owns an unsold Parcel. 24. 14.1.3 Any amendment which affects any rights or obligations under the Development Agreement, or rights or obligations granted to or assumed by a City under this Declaration, shall be approved in writing by the City, and the Developer so long as it is obligated under the Development Agreement. 14.2) Recording/Binding Effect. All amendments shall be recorded, and shall run with the Property and bind the Property for the same period and to the same extent as do the covenants and restrictions set forth herein. 14.3) Affidavit of Compliance. An affidavit by the President or Secretary of the Association as to the outcome of the vote or the execution of any written approvals shall be adequate evidence thereof for all purposes, including without limitation the recording of the amendment. SECTION 15. INDEMNIFICATION The Association shall, to the extent the alleged liability is not covered by insurance, indemnify every individual acting in any official capacity on behalf of the Association, pursuant to the provisions of Minnesota Statutes 317A.521. SECTION 16. MISCELLANEOUS 16.1) Governmental Assessments. If a City or any other governmental authority levies an assessment under the applicable Minnesota Statutes for public Improvements to property adjoining the Property, if such Improvements benefit substantially all of the Property, and if the assessment is levied against fewer than all of the Parcels, then the Board may, by atwo-thirds majority vote, assess and allocate against those Parcels which were not assessed by the governmental authority a share of the assessment, and reimburse the owners of the Parcels against which the governmental assessment was levied, such that all Parcels are paying a share of the assessment equal to their respective shares of general Common Expenses set forth on Exhibit B. 16.2) Severability. If any term, covenant, or provision of this instrument or any exhibit attached hereto is held to be invalid or unenforceable for any reason whatsoever, such determination shall not be deemed to alter, affect or impair in any manner whatsoever any other portion of this instrument or the exhibits attached hereto. 16.3) Interpretation. The Governing Document shall be construed in accordance with the laws of the State of Minnesota. Where applicable, the masculine gender of any word shall mean the feminine or neutral gender, or vice versa, and the singular of any word used herein shall mean the plural, or vice versa. References to the Act, or any section thereof, shall be deemed to include any statutes amending or replacing the Act, and the comparable sections thereof. 25. 16.4) Notices. Unless specifically provided otherwise in the Governing Documents or the Act, all notices required to be given by or to the Association, the Association officers, an Owner or Occupant, or a Member, shall be in writing and shall be effective upon hand delivery, or three (3) business days following mailing if properly addressed with postage prepaid and deposited in the United States mail, except as expressly provided otherwise in the Governing Documents. 16.5) Conflicts Among Documents. In the event of any conflict among the provisions of the Act, the Declaration, the Bylaws or the Regulations, the Act shall control unless it permits the documents to control. As among the Declaration, Bylaws and Regulations, the Declaration shall control, and as between the Bylaws and the Regulations, the Bylaws shall control. The Governing Documents shall control as against any contracts, covenants, regulations or similar instruments recorded against a Parcel. 16.6) Duration of Covenants. The covenants, conditions, restrictions, easements, liens and charges contained in this Declaration shall be perpetual, subject only to termination as provided in this Declaration. IN WITNESS WHEREOF, the undersigned has executed this instrument as of the day and year set forth below. STATE OF MINNESOTA ) ss. COUNTY OF HENNFPIN ) The foregoing instrument was acknowledged before me this ~•:~ ~ "day of ~- ,~sr'~'-`` , 2006, by l.~lr ~l ~~tr/u ,% ~ L'~~~ ~ . ,5~ff~;i:E7 ,the (~~~~~: r 112~C~~ « ~~~~..,. of CASCADE I LAND CO., LLC, a Minnesota limited liability company, on behalf of "d entity. ,, Notary Public This instrument was drafted by: Larkin Hoffman Daly & Lindgren Ltd. 1500 Wells Fargo Plaza 7900 Xerxes Avenue South Minneapolis, Minnesota 55431 (952) 835-3800 1058214.2 _. -~ ~ ~~ ~~ .'l b ~~~nrtosota '` ~" ~' ~ P1!y Cor~~miss~~n Ex~~>ir~s Jan. ~1, 20C~° 26. EXHIBIT A TO DECLARATION LABEAUX STATION DESCRIPTION OF PROPERTY AND DESIGNATION OF PARCELS Pro er Lots 1 and 2, Block 1, and Outlot B, located in the plat of LaBeaux Station, City of Albertville, County of Wright, Minnesota. Parcels Lots 1 and 2, Block 1, located in the plat of LaBeaux Station, City of Albertville, County of Wright, Minnesota. EXHIBIT B TO DECLARATION LABEAUX STATION ALLOCATION OF COMMON EXPENSES The following Common Expenses for the operation and administration of the Association, and the operation, maintenance, repair and replacement of the Property and certain Parcels, shall be allocated and assessed against the Parcels as follows: 1. General Common Expenses shall be funded by annual or special Assessments, as follows: A. Items covered: (1) Maintenance of Common Property (if any). (2) Maintenance of common project signs, monuments and related Improvements. (3) Maintenance of private street lighting (if any), private street medians (if any), median landscaping (if any), and the surfaced private streets located on the Common Property, including but not limited to seal coating, striping, asphalt repair and replacement, sweeping and snow removal. (4) Costs for advertising and promotion, and design features and enhancements such as seasonal flowers, tents, banners or other displays, or promotional events, relating to and promoting LaBeaux Station as a whole. (5) Premiums for Association insurance. (6) Association management fees. (7) General administrative expenses, including but not limited to accounting and legal services, taxes, permits, and meeting and office expenses. (8) Other expenses which are determined by the Board to benefit LaBeaux Station as a whole. B. Allocation: Allocated among and assessed against the Parcels in proportion to the approximate square footage of the buildable area of each Parcel, as determined by the professional engineering/surveying firm or firms that prepare the plats and site plans for the Property. 2. Except as provided in the Note referred to below, the following unique allocations of Common Expenses shall be funded by annual or special Assessments, as follows: A. Items covered: Maintenance, repair and replacement of the landscaping, sidewalks, surface parking areas, medians and driveways serving the various Parcels, including but not limited to seal coating, asphalt repair and replacement, striping, sweeping, curb repair and snow removal. B. Allocation: Allocated among and assessed against the Parcels in proportion to the approximate square footage of the surfaced parking area on each Parcel, as determined by the professional engineering/surveying firm or firms that prepare the plats and site plans for the Property. Note: If the maintenance obligations for the items listed in 2.A. above for one or more of the Parcels are relinquished to the Parcel Owner pursuant to Section 9.1.4 of the Declaration, then the percentage shares allocated among the remaining Parcels shall be recalculated and shared among the remaining Parcels based upon the relative square footage of the surfaced parking areas located on the remaining Parcels. 2. CONSENT TO DECLARATION (Mortgagee) LABEAUX STATION The undersigned (the "Mortgagee") is a mortgagee of portions of real property described in the Declaration of Covenants, Conditions and Restrictions of LaBeaux Station (the "Declaration") under a Mortgage recorded against said real property (the "Mortgage"). Mortgagee hereby consents to this Declaration; provided, that by consenting to this Declaration, the Mortgagee does not constitute itself or obligate itself as a Developer as defined in the Declaration, nor does such consent modify or amend the terms and conditions of the Mortgage and related loan documents; and provided further that the Mortgage shall be and remain as a lien on the property described therein, prior to any Assessment liens or other liens imposed under the Declaration, until released or satisfied. WITNESS WHEREOF, the Mortgagee has caused this Consent to be executed on the ~ day of , 20D(p . STATE OF MINNESOTA ) ss. COUNTY OF HENNEPIN ) The foregoing instrument was acknowledged before me this ~ ~ day of 12..1 ! , 20 ~ ~' , by T ~L~C~-~tu..~, l~ ~0 ~ ~ Ld. ,the t C ~ ~~b ~ ,dtl+.:~' of ~ l ~ r:.~t~~y ~ ,bC , a y' pav! d ~, , on behalf of said e tity. Notary Publi THIS INSTRUMENT WAS DRAFTED BY: Larkin Hoffman Daly & Lindgren Ltd. 1500 Wells Fargo Plaza 7900 Xerxes Avenue South Minneapolis, Minnesota 55431 (952) 835-3800 t... ~~, ~\tlrll'i~ ~{"~ 1058214.1