ARTICLE X
INSURANCE

10.1. The Board of Directors shall also procure and maintain worker's
compensation insurance for all employees of the Association and may procure and
maintain fidelity insurance or bonds on the directors and officers of the Association and
such other insurance as the Board may deem necessary or advisable.

10.2. Each Owner shall carry such insurance as he or his lender shall deem
necessary for his individual Lot and residence contained thereon.

10.3. The Board shall review the insurance, if any, carried by the
Association at least annually.