ARTICLE XIV
ANNEXATION

14.1. Annexation of Additional Property By Declarant. Additional real
property hereinbefore described in Paragraph 1.1.5 may be annexed into the Project by
the Declarant without the consent of the Members of the Association at any time within
five (5) years following the date of recordation of this Declaration.

14.2. Annexation of Additional Property By Association. Upon approval in
writing of the Association, pursuant to two-thirds (2/3) of a majority of the voting power
of its Members, or the written assent of such Members, excluding the voting power or
written assent of Declarant, the Owner of any real property who desires to add it to the
scheme of this Declaration and to subject it to the jurisdiction of the Association, may
file of record a Notice of Annexation which shall extend the scheme of this Declaration to
such property.

14.3. Annexation Procedure. The annnexation of additional property
authorized under Section 14.1 and 14.2 shall be made by filing of record a Notice of
Annexation, or similar instrument, covering said additional property, which Notice of
Annexation shall expressly provide that the scheme of this Declaration shall extend to
such additional real property. The Notice of Annexation may contain such complementary
additions to and modifications of the covenants set forth in this Declaration which are
necessary to reflect the different character, if any, of the annexed property and which
are not inconsistent with the general scheme of this Declaration. Except as set forth in
this Section, no Notice of Annexation shall add, delete, revoke, modify or otherwise alter
the covenants set forth in this Declaration.

14.4. Obligations of Annexed Property. The obligation of Lot Owners to
pay assessments levied by the Association and the right of such Lot Owners to exercise
voting rights in the Association in such annexed property shall not commence until the
first day of the month following close of the first sale of a Lot by Declarant in that
particular phase of development.

14.5. De-Annexation. Declarant hereby reserves the right to de-annex any
property which may be annexed to the Project pursuant to this Declaration and to delete
said property from the scheme of this Declaration and from the jurisdiction of the
Association, provided and on condition that the de-annexation shall be made prior to the
closing date of the sale of the first Lot in the property to be de-annexed.