16. Architectural Control

(a) The Architectural Review Board. As a standing committee of the Corporation, there shall be, and hereby is, established an Architectural Review Board consisting of three (3) or more persons. Until the Applicable Date, the Architectural Review Board shall be the Initial Board of Directors. After the Applicable Date, the Architectural Review Board shall be appointed by the Board of Directors and may be different than or the same as the Board of Directors.

(b) Purposes. The Architectural Review Board shall regulate the external design, appearance, use, location and maintenance of the Real Estate (Common Area and Lots) and of improvements thereon in such manner as to preserve and enhance values and to maintain a harmonious relationship among structures and improvements.

(c) Conditions. The Architectural Review Board shall approve the plans for any fence, wall or other structure, and no improvements, alterations, excavation or changes in grade or other work which in any way alters any Lot or the exterior of any Dwelling Unit or other improvement thereon shall be commenced, made or done without the prior written approval of the Architectural Review Board; provided, however that Centex shall have the exclusive right to approve or disapprove the plans for the initial construction of a Dwelling Unit on a Lot located on the Centex Real Estate and the Centex Purchase Real Estate and 86th Street shall have the exclusive right to approve or disapprove the plans for the initial construction of a Dwelling Unit on a Lot located on the 86th Street Real Estate. All Dwelling Units must comply with the following minimum standards and requirements:

i. All Dwelling Units shall have a minimum of 1600 square feet of finished living area (exclusive of garages, carports, basements and porches)

ii. All Dwelling Units shall have a sodded front lawn;

iii. All Dwelling units shall have a concrete driveway;

iv. All Dwelling units shall have the responsibility for the construction of the sidewalk in front of the Lot in accordance with plans provided by the Architectural Review Board;

v. All Dwelling Units shall have dusk to dawn lights with photocells installed and maintained in the front yard of each Lot in accordance with plans provided by the Architectural Review Board;

vi. All Dwelling Units shall have the same type, style and size of mailbox and mailbox post, all in accordance with plans provided by the Architectural Review Board.

vii. Any Lot which borders on the lake may have only a wrought iron or similar material fence. Regardless of this provision, the Architectural Review Board must approve any and all fences on any Lot.

(d) Procedures. In the event the Architectural Review Board fails to approve, modify or disapprove in writing an application within thirty (30) days after such application (and all plans, drawings, specifications and other items required to be submitted to it in accordance with such rules as it may adopt) have been given to it, approval will be deemed granted by the Architectural Review Board. A decision of the Architectural Review Board may be appealed to the Board of Directors which may reverse or modify such decision by a majority vote.

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