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<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0 height="100%"><tr> <td valign="top" width=100 BGCOLOR="#99FF99" TEXT="#080000"> <div> <A HREF="covenants_.htm" TARGET="_top" TITLE="page 2 "><U><IMG SRC="0010b0b0.png" border=0 width="11" height="11" ALT="previous" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></U></A>   <A HREF="id67.htm" TARGET="_top" TITLE="Page 4"><U><IMG SRC="0020b0b0.png" border=0 width="11" height="11" ALT="next" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></U></A>       <IMG BORDER="0" SRC="1x1.gif" HEIGHT="11" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" WIDTH="11">   <IMG BORDER="0" SRC="1x1.gif" HEIGHT="11" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" WIDTH="11"></div> <div> <A HREF="id11.htm" TARGET="_top" TITLE="Our Protective Covenants"><U>Page 1 </U></A></div> <div> Back to </div> <div> <A HREF="covenants_.htm" TARGET="_top" TITLE="page 2 "><U>Page 2</U></A></div> <div> forward to </div> <div> <A HREF="id67.htm" TARGET="_top" TITLE="Page 4"><U>Page 4 </U></A></div> <bR> </td> <td valign="top" BGCOLOR="#00FFFF" TEXT="#080000"> <div> <FONT SIZE="5" COLOR="#000000" FACE="Arial" ><B>Colington Harbour Covenants.</B></FONT>    |     <A HREF="index.htm" TARGET="_top" TITLE=" Coling"><U>home</U></A></div> <div> Page 3 </div> <div> (f) lot, whether such ownership be in fee simple title or as land contract vendee, and shall not mean or refer to a mortgage.</div> <div> (g) "member" shall mean and refer to all those owners who are members of the Association as provided in Article III, Section 1 hereof.</div> <DIV ALIGN="LEFT"></DIV> <div> <B>ARTICLE II</B></div> <div> <B>PROPERTY SUBJECT TO THIS DECLARATION; ADDITIONS THERETO</B></div> <div> Section 1. Existing Property. The real property which is, and shall be held, transferred, sold, conveyed, and occupied subject to this Declaration is located on Colington Island, Atlantic Township, Dare County, North Carolina, and is more particularly described as follows:</div> <div> Included are all of the sections in plats of Colington Harbour as prepared by Quible & Charlton, Registered Engineers and Certified Land Surveyors No. L1157, and filed In the Public Registry of Dare County, North Carolina at various times. Certain lots in Sections J, K and Q have been excepted from these restrictions.</div> <div> Section 2. Additional lands may become subject to this Declaration as follows:</div> <div> (a) The Developer, its successors and assigns, at any time prior to December 31, 1978, shall have the right to bring additional lands into the scheme of this Declaration. Such proposed additions, if made, shall become subject to assessment for their share of Association expenses. The common properties within all such additions shall be devoted to the common use and enjoyment of all owners of properties, which are subject to this Declaration. The Developer's rights to bring additional lands into the Declaration shall not be held to bind the Developer, its successors or assigns, to make the proposed additions or to adhere to the scheme in any subsequent development of the lands described herein or additional lands. The additions authorized under this and the succeeding sub-sections shall be made by filing of record a</div> <DIV ALIGN="LEFT"></DIV> <div> -3-</div> <bR> </td> </tr></table></body>