Saddle Shoals Homes for Sale

El Guapo Develo.

Po Box 1554 FILED

SIER OR COURT 410431-468 WatKinsnille GA

30677 2005 OCT 20 PM 12: 07

CAMIE W. THOMAS

4IC 431-

468

SUPPLEMENTAL DECLARATION OF COVENANTS, CONDITIONS, AND RESTRICTIONS

FOR

SADDLE SHOALS

TABLE OF CONTENTS

ARTICLE 1: DEFINITIONS

1.1 &ARB"

1.2 "Area of Common Responsibility"

1.3 "Articles of Incorporation" or "Articles"

1.4 Association

1.5 "Board of Directors" or "Board"

1.6 "Builder"

1.7 By-Lawst

1.8 Common Area"

1.9 "Common Expenses*

1.10 "Community-Wide Standard"

1.11 "Days(r)

1.12 "Declarant

1.13 "Design Guidelines*

1.14 "Development Period"

1.15 General Assessments

2,50

FILED

SUPERIOR COURT 34m/250 After recording return to: JACKSON COUNTY. GA

Ted Smith, Esq 2004 MAY 13 PM 1: 50

Paul, Mastings, /Janofsky & Walker LLP REBA PARKS

600 Peachtree Street, N.L. ỊDED BOOK 34. AFREE 250

Atlanta, Georgia 30308 Return to: 253

STATE OF GEORGIA Christopher C. Nichols

Post Office Box 627

COUNTY OF JACKSON Athens, GA 30603

DECLARATION OF COVENANTS AND RESTRICTIONS

THIS DECLARATION OF COVENANTS AND RESTRICTIONS (this

"Declaration") is made as of this 12 day of May, 2004, by GEORGIA SHEEP

ENTERPRISES, INC., a Georgia corporation ("Declarant).

RECITALS,

A. Declarant is the owner of fee title to that certain reai property

located in the County of Jackson, State of Georgia, as described in Exhibit "A' attached

hereto (the "Property");

Declarant desires to execute this Declaration to establish and create

certain covenants and restrictions burdening the Property for the benefit of Declarant and

its directors. NOW, THEREFORE, for Ten and No/100 Dollars ($10.00) and other good

and valuable consideration, the receipt and adequacy of which are hereby acknowledged,

Declarant does hereby declare and establish the following covenants and restrictions:

Use Restrictions. Without the prior written consent of (i) Declarant, (ii)

Daryl R. Buffenstein, an individual Georgia resident, (iii) Hilton Bik, an individual

Georgia resident and (iv) Andre Schnabl, an individual Georgia resident (collectively, the

"Declarant Group"), no mobile or manufactured homes may be erected or located upon

the Property, except as may be associated with a residential sales office, and no portion of

the Property shall be used for any use other than single-family detached residential uses,

light agricultural uses, and other uses reasonably incidental to or reasonably associated

with residential estate lots, including but not limited to community and personal

recreation, the keeping of horses and ponies, trail riding, in-home offices, and the

construction, maintenance and use of recreational trails and personal swimming pools.

Nothing contained herein shall be construed to prohibit the construction of barns or

outbuildings erected for a permitted use or the storage of recreational vehicles upon the

Property, provided such vehicles do not serve as a residence while located upon the

Property.

Lot Size Restriction. Without the prior written consent of each member

of the Declarant Group, no portion of the Property, other than portions designated as

common or community areas, shall be subdivided into a separate lot of less than two (2)

acres, and no more than fifty (50) residential lots may be created or designated upon or