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ANNEX A

DEED OF RESTRICTIONS
The following shall constitute restrictions on the property sold and to be binding on any owner or occupant
of the premises:

1.

The property shall be used for residential purposes only and for no other purposes. The property shall not
be used for any immoral or illegal activity and no contraband, effects of crime, explosives or combustible
materials shall be kept or maintained in the premises.

2.

The BUYER, his heirs, successors, or assigns hereby accepts membership in the GRAND RESIDENCES
HOMEOWNERS ASSOCIATION, a non-stock, non-sectarian, and non-political cooperative association
composed of all lot owners and residents in the Community for the main purpose of proper operation,
maintenance, and beautification of the roads and community facilities, security, fire protection, enforcement
of restrictive easements and the fire protection, enforcement of restrictive easements and the protection and
promotion of health and sanitation.
The BUYER, his heirs, successors, or assigns agrees to pay annual membership dues and monthly
association dues in such amount fixed by the Board of Directors of the Association, which will constitute a
lien on the property, second only to liens entered into in good faith, and to abided by the Articles of the
Incorporation of the Association, its by-laws and such reasonable rules and regulations that may be
promulgated from time to time by the Association.

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