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MASTER DECLARATION

OF COVENANTS, CONDITIONS, RESTRICTIONS AND EASEMENTS FOR CASTLE PINES NORTH

5.11.9. No policy may be cancelled, invalidated, or suspended on account of the conduct of any member of the Board of Directors, officer, or employee of the Master Association or its duly authorized Manager without prior demand in writing delivered to the Master Association to cure the defect and the allowance of a reasonable time thereafter within which the defect may be cured by the Master Association, its Manager, any Owner, or Mortgagee.

Section 5.12. Duty to Maintain Officers' and Directors' Personal Liability Insurance. To the extent obtainable at reasonable cost, appropriate officers' and directors' personal liability insurance shall be obtained by the Master Association to protect the officers and directors from personal liability in relation to their duties and responsibilities in acting as such officers and directors on behalf of the Master Association.

Section 5.13. Duty to Maintain Workmen's Compensation Insurance. The Master Association shall obtain workmen's compensation or similar insurance with respect to its employees, if any, in the amounts and forms as may now or hereafter be required by law.

Section 5.14. Other Insurance. The Master Association may obtain insurance against such other risks, of a similar or dissimilar nature, as it shall deem appropriate with respect to the Master Association's responsibilities and duties.

Section 5.15. Power to Adopt Rules and Regulations. The Master Association, from time to time and subject to the provisions of the Delegate District Documents, may adopt, amend and repeal rules and regulations, to be known as the "Castle Pines North Rules," governing, among other things and without limitation:

5.15.1. The use of Common Areas;

5.15.2. The use of private roads;

5.15.3. Collection and disposal of garbage and trash;

5.15.4. The burning of open fires;

5.15.5. The maintenance of animals within Castle Pines North;

5.15.6. Parking restrictions and limitations;

5.15.7. The posting of maximum speeds for vehicular traffic and other traffic rules on private roads;

5.15.8. Establishment of times or other restrictions as to when commercial vehicles may be permitted to use any or all of the roads;

5.15.9. The type or types of vehicles (other than conventionally equipped passenger automobiles) and the times when any vehicle or motorized vehicle or device may be permitted to use the roads or any other area of the Master Association Properties; and

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Master Declaration

 
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