NORTH CAROLINA
CHATHAM COUNTY
Book 389 Page 319

THIS DECLARATION, made this 24th day of July, 1975, by FITCH CREATIONS INC., hereinafter referred to as "Declarant";

THAT WHEREAS Declarant heretofore executed a Declaration subjecting real property known as "Polks Landing Subdivision" to certain easements, restrictions , covenants and conditions, said Declaration being dated December 3, 1974, and recorded in Rook 386, Page 449, Chatham County Registry; and WEEREAS, said Declaration grants to Declarant the right to bring within the plan and operation of said Declaration additional properties in future stages of development; and

WHEREAS, the properties hereinafter described are additional stages of Polks Landing Subdivision; and

WHEREAS, Declarant is the Owner of that certain property in Baldwin Township, Chatham County, North Carolina, described as: being all the property shown on Plats of Polks Landing, Phase II, and Phase III, prepared by Robert J.Ayers, Surveyor, dated June, 1975, and recorded in Plat Book 17 , Pages and 97 and 98 , Chatham County Registry.

NOW, THEREFORE, Declarant hereby declares that all of the properties described above shall be held, sold and conveyed subject to the following easements, restrictions, covenants, and conditions, which are for the purpose of protecting the value and desirability of, and which shall run with, the real property and be binding on all parties having any right, title or interest in the described properties or any part thereof, their heirs, successors and assigns, and shall inure to the benefit of each owner thereof.

Section 1. "Association" shall mean and refer to Polks Landing homeowners association, Inc., s nonprofit corporation organized under the laws of North Carolina, its successors and assigns. Section 2. "Owner" shall mean and refer to the record owner, whether one or more persons or entities, of a fee simple title to any Lot which is a

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