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THIS DECLARATION, made this 27th day of June, 1977, by LEESVILLE
DEVELOPMENT CORPORATION with its principal office in Wake County,
North Carolina, (hereinafter called "Declarants");
W I T N E S S E T H:
WHEREAS the Declarant by instrument dated May 11, 1977, recorded in
Book 2504, Page 494 of the Wake County Registry, subjected certain
lots in Woodvalley Subdivision to the protective covenants therein set
forth; and
WHEREAS, Declarant is the owner of the hereinafter described lots in
Woodvalley subdivision and desires to subject the same to said
protective covenants recorded in Book 2504, Page 494 of the Wake
County Registry, each and all of which shall be for the benefit of
such property and for each and every owner thereof, and shall inure to
the benefit of and pass and run with said property, and each and every
lot or parcel thereof, and shall apply to and bind the successors in
interest and any owner thereof.
NOW, THEREFORE, Declarant hereby declares that the real property
described below is and shall be held, transferred, sold and conveyed
subject to the protective.covenants set forth in said Declaration
recorded in Book 2504, Page 494, of the Wake County Registry, North
Carolina, said protective covenants being incorporated herein by
referenced:
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Being all of Lot 5-13 inclusive, 33-37 inclusive; 138-142
inclusive according to map entitled "Woodvalley Subdivision,
Wake Co., N. C." dated March 11, 1977, prepared by Triangle
Engineering, Architecture, Planning, Inc., Raleigh, North Carolina
and recorded in Book of Maps 1977, Volum 11, Page 215, Wake County
Registry. |
The above described property shall be held, transferred, sold and
conveyed subject to the following additional protective covenants:
Leesville Development Corporation reserves the right to subject said
property to a contract with Carolina Power and Light Company for the
installation of underground electric cables and/or the installation of
street lighting, either or both of which may require an initial
payment and/or a continuing monthly payment to Carolina Power and
Light Company by the owner of each lot. |
