Glen Oaks

ARTICLE I

DEFINITIONS

Section 1. Agencies 2

Section 2. Architectural Review Committee 2

Section 3. Association 2

Section 4. Declarant 2

Section 5. Declaration 2

Section 6. First Mortgage 2

Section 7. First Mortgagee 2

Section 8. Improvement(s) 2

Section 9. Lot 2

Section 10. Maintenance Property 3

Section 11. Master Declaration 3

Section 12. Member 3

Section 13. Owner 3

Section 14. Participating Builder 3

Section 15. Properties 3

Section 16. Residence 3

ARTICLE II

PROPERTY RIGHTS IN THE MAINTENANCE PROPERTY

Section 1. Owners' Easements of Enjoyment 3

Section 2. Extent of Owners. Easements 4

Section 3. Delegation of Use 5

Section 4. Payment of Taxes or Insurance by Mortgagees 5

ARTICLE III

MEMBERSHIP AND VOTING RIGHTS

Section 1. Membership 5

Section 2. Class of Membership 6

Section 3. Reservation 6

ARTICLE IV

COVENANT FOR ASSESSMENTS

Section 1. Creation of the Lien and Personal Obligation of Assessments 6

Section 2. Purpose of Assessments 7

Section 3. Maximum Annual Assessments 8

Section 4. Special Assessments 9

Section 5. Notice of Quorum for Any Action Authorized Under Section (c) 9

Section 6. Rate of Assessment 9

Section 7. Date of Commencement of Annual Assessments 9

Section 8. Effect of Non-Payments of Assessments; Remedies of the Association 10

Section 9. Working Capital 10

Section 10. Subordination of the Lien to Mortgages

ARTICLE V

ARCHETECTURAL REVIEW COMMITTEE

Section 1. Composition of Committee 11

Section 2. Preview by Committee and Review by Design Review Committee of Master Association 12

Section 3. Procedures 13

Section 4. Vote and Appeal 13

Section 5. Records 14

Section 6. Liability 14

Section 7. Variance 14

Section 8. Waivers 14

ARTICLE VI

INSURANCE

Section 1. Insurance on Maintenance Property 15

Section 2. General Provisions of Insurance Policies 15

Section 3. Association Insurance as Primary Coverage 15

Section 4. Insurance to be Maintained by Owners 16

ARTICLE VII

DAMAGE OR DESTRUCTION

Section 1. Damage to Maintenance Property 16

Section 2. Destruction of Improvements to Lot 16

ARTICLE VIII

EXTERIOR MAINTENANCE

Section 1. General 16

Section 2. Association's Right to Repair, Maintain, and Restore 17

Section 3. Access Easement 17

Section 4. Owners Negligence 17

Section 5. Maintenance of Grade and Drainage 18

Section 6. Right of Association to Provide for Home Security System 18

ARTICLE IX

RESTRICTIONS

Section 1. General Plan 20

Section 2. General Restrictions Imposed 20

Section 3. Use of Maintenance Property 20

Section 4. Declarants Use 20

Section 5. Household Pets 21

Section 6. Temporary Structures 21

Section 7. Signs and Advertising 22

Section 8. Miscellaneous Structures 22

Section 9. Vehicular Parking, Storage and Repairs 22

Section 10. Nuisances 23

Section 11. Utility Connections 23

Section 12. No Hazardous Activities 24

Section 13. No Annoying Light, Sounds, or Odors 24

Section 14. Garbage and Refuse Disposal 24

Section 15. Rules and Regulations 24

Section 16. Land Use and Building Type 24

Section 17. Construction Time Period and Approved Builders 25

Section 18. Residence Cost; Quality and Size 25

Section 19. Drilling and Mining Operations 25

Section 20. Sight Distance at Intersection 25

Section 21. Antennae 26

Section 22. Landscaping 26

Section 23. Reflective Glass 26

Section 24. Mechanical Equipment 26

Section 25. Easement for Encroachments 27

Section 26. Rights of Declarant and Participating Builders Incident to Construction 27

ARTICLE X

FIRST MORTGAGEES

Section 1. Member and First Mortgagee Approval 27

Section 2. Notice of Action 29

Section 3. Audit 30

ARTICLE XI

GENERAL PROVISIONS

Section 1. Enforcement 30

Section 2. Severability 30

Section 3 . Conflicts of Provisions 30

Section 4. Annexation 31

Section 5. Condemnation 31

Section 6. Duration, Revocation, and Amendment

Section 7. Registration by Owner of Mailing Address 33

Section 8. Castle Pines North Master Declaration and Master Association 34

EXHIBIT A 36

EXHIBIT B 37

EXHIBIT C 38

MASTER DECLARANT'S CONSENT 42

OWNER'S CONSENT 43