Quail Valley Cottages

THE STATE OF TEXAS
KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF FORT BEND WHEREAS, Farm and Home Savings Association, Nevada, Missouri, acting through MacNaughton & Co., Trustee, Agent and Attorney-in-Fact, is the owner of all of the building lots, as hereinafter defined, in that certain Subdivision known as Quail Valley Cottages, an addition in Fort Bend County, Texas, according to the plat thereof filed for record in the Map Records of the County Clerk of Fort Bend County, Texas, in Volume 7, Page 11, of said Map Records; and

WHEREAS, it is the desire of MacNaughton & co., Trustee to place restrictions, covenants, conditions, stipulations, reservations and easements upon and against such property comprising said Quail Valley Cottages in order to create and carry out a uniform plan for the improvement, development and sale of the building lots, for the benefit of the present and future owners of said property.

NOW, THEREFORE, the covenants, conditions, restrictions and easements hereinafter set out shall be, and the same are, made applicable to Quail Valley Cottages, an addition in Fort Bend County, Texas, the plat of which was filed in the Map Records of the County Clerk of Fort Bend County, Texas, in Volume 7, Page 11, of said Map Records. The covenants, conditions, restrictions, and easements shall apply uniformly in the use, occupancy and conveyance of all building lots and each contract or deed which may be executed with regard to any of such property in Quail Valley Cottages shall be conclusively held to have been executed, delivered and accepted subject to the following covenants, conditions, restrictions, and easements as though set out in full or by reference in said contract or deed:


4. Quail Valley Fund, Inc., shall perform all functions necessary for the proper maintenance, upkeep and repair of the common property and all improvements, fixtures, and equipment thereon, including without limitation repairs and replacements of the improvements, fixtures and equipment, cleaning of the premises and payment of all ad valorem taxes and assessments levied or imposed against the common property.

5. No building lot, except lot number twenty-six (26), shall be used for any purpose except residential purposes. The term "residential purposes" as used herein shall be held and construed to exclude all uses other than residential housing which may be by the day, week, month or permanent home use. For a period of not more than ten years from date, lot number twenty-six (26) and improvements built thereon may be used as a sales office to promote and sell all present sections of Quail Valley, however named.

6. No residence or other improvement shall be erected, placed or altered on any building lot until the construction plans, specifications and a plan showing the location of the structure or improvements have been approved by the Architectural Control Committee, composed of three (3) members. The names and addresses of the initial Architectural Control Committee are as follows:

Name

Address
J. H. MacNaughton
P. O. Box 45, Addicks, Texas 77410

Jack B. Miller
P. O. Box 445, Missouri City, Texas, 77459

Thomas H. Overstreet
#3 Inwood Oaks, Houston, Texas 77024

A majority of the Committee may designate a representative to act for it, and approval of plans and specifications for the erection or alteration of improvements, or any other approval which is required by these restrictions, shall be considered to have been given by the Architectural Control Committee when two members of the Committee have given their written approval to such plans and specifications or other matters requiring Committee approval. In the event of death or resignation of any member of the Committee the remaining members shall have full authority to designate a successor. Neither the members of the initial Architectural Control Committee, nor their successors, shall be entitled to any compensation for services performed pursuant to this covenant.

7. Each building lot owner, when he constructs a residence upon any building lot, shall be required to construct at his sole cost and expense driveways and parking spaces on such lot of a type and quality approved by the Architectural Control Committee. The building lot owner shall construct two parking spaces on said lot as restricted for the sole use of said owner and his guests. All other parking spaces shall be available for use by other lot owners and their guests, and an express easement in favor of such other lot owners is hereby created for such purposes.

8. Each building lot acquired by individual or corporate owners for use as a residence shall be subject to an annual maintenance charge at the rate of $180.00 per lot to be known as "maintenance fund", which said charge shall be payable to Quail Valley Fund, Inc., by each such building lot owner commencing on the date the deed to the building lot owner is recorded, the first such payment to be pro-rated for the amount of the annual charge due for the balance of the calendar year in which such lot is acquired, and payment of subsequent years' maintenance fund charge shall be payable in advance on or before the first day of January of each succeeding year. To secure the payment of such maintenance charge, a lien is hereby created (which may be foreclosed in the same manner as a mortgage lien) against the building lot and improvements thereon in favor of Quail Valley Fund, Inc., and any successor thereto to which the common area may be conveyed, such lien being expressly subordinate and inferior to any mortgage or deed of trust on said lot securing the payment of a construction or purchase money loan. Such maintenance charge may be adjusted by Quail Valley Fund, Inc., over and above $180.00 per building lot per year as the needs of the property may in its judgment require, but in no event shall such charge be raised above $240.00 nor reduced below $180.00 per building lot unless approval of such increase or decrease is first given in writing by seventy-five (75%) percent of the building lot owners to which the charge is applicable, provided, however, that in no event shall the aggregate of such annual charges be reduced below the amount required to pay for maintenance of the private streets and payment of as valorem taxes on the common area. Quail Valley Fund, Inc., shall apply the total fund arising from such charge, first to the payment of ad valorem taxes and other assessments levied or imposed against the common property and maintenance of the private streets shown on said plat, and secondly, to the extent funds are available, for the following additional purposes: for the upkeep, repair and maintenance of all other common property and the placement of improvements, fixtures and equipment thereon, including the replacement of obsolete or damaged improvements, fixtures and equipment; to provide for the landscaping of the common property necessary to provide a uniform scheme of landscaping for the whole subdivision; for the payment of legal and other expenses incurred in connection with the enforcement of all recorded charges, covenants, restrictions and conditions affecting said property to which the above maintenance charge applies; for the payment of all reasonable and necessary expenses in connection with the collection and administration of the maintenance charge; for the collection of trash or garbage; for employing policemen and watchmen; for caring for vacant building lots, and doing any other thing necessary or desirable in the opinion of the officers and directors of Quail Valley Fund, Inc., to keep the property in the subdivision in neat and good order, or which it considers of general benefit to the owners or occupants of the building lots, it being understood that the judgment of the officers and directors of Quail Valley Fund, Inc., in the expenditure of said funds shall be final and conclusive so long as such judgment is exercised in good faith.