Declaration of Covenants draft DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS
FOR
ASBURY PLACE
THIS DECLAIL¥I'ION is made this day of 1997. THE
RYLAND GROUP. INC.. a Maryland corporation (hereinafter referred to as "Declarant").
WITNESSETH:
\VHEREAS. Declarant is the owner of the real property referred to in Article II hereof, and
described on Exhibit "A" attached hereto and made a part hereof for all purposes and desires to
create thereon a residential community: and
\VHEREAS. Declarant desires to provide for. among other matters, the preservation of the
values in said conm~unitv: m~d. to this end. desires to subject the real property referred to in Article II
to the covenants, conditions, restrictions, easements, charges and liens hereinafter set forth, each and
all of which is and are for the benefit of said property and each owner thereof:
NOkV. THEREFORE. Declarant declares that the real property referred to in Article II. is and
shall be held. transferred, sold. conveyed and occupied subject to the covenants, conditions.
restrictions, easements, charges and liens (son~etimes referred to as "Covenants and Restrictions")
hereinafter set tbrth.
ARTICLE I
DEFINITIONS
The following words when used in this Declaration or any Supplemental Declaration (unless the
context shall otherwise prohibit) shall have the following meanings:
(a) "Property" shall mean and refer to all such existing property as is subject to
this Declaration as described on Exhibit "A" attached hereto.
(b) "Lot" shall mean and refer to any plot or tract of land shown upon any
recorded subdMsion map(s) or platls) of the Properties. as amended from time to time.
which is designated as a lot therein and which is or will be improved, with a residential
dxvelling. Some portions of the Common Properties may be platted as a "lot" on the recorded
subdMsion plat (such as the private streets within the subdivision), however, these lots shall
be excluded from the concept and definition of lot as used herein.
(c) "Oxx~er" shall mean and refer to eyeD' person or entity who is a record oxx~er
of a fee or undivided fee interest in any kot which is subject by covenant of record to
assessment by the Association. including contract sellers. The foregoing is not intended to