Declaration of Protective Covenants

DECLARATION OF PROTECTIVE COVENANTS, RESERVATIONS, RESTRICTIONS ANDEASEMENTS OF TERRACE ESTATES AT MT.HENRY

WITNESS THIS DECLARATION OF PROTECTIVE COVENANTS, RESERVATIONS,
RESTRICTIONS, AND COMMON EASEMENTS, made this 28th day of June, 2023, by Main
Eco Homes, L.L.C., a Maine limited liability company with an address of 175 Portland Road, Suite 2,
Bridgton, Maine 04009, hereinafter referenced to as the “Declarant”

WHEREAS, Declarant has acquired by deed of Vista Investments, LLC dated August 16, 2022, and
recorded in the Cumberland County Registry of Deeds in Book 39655, Page 198, a certain lot or
parcel of land situated off but not adjacent to Portland Road, so-called, also designated as State
Highway Route 302, in the Town of Bridgton, County of Cumberland, and State of Maine, and

WHEREAS, Declarant is in the business of developing and selling real estate situated in said Town
of Bridgton, which development is known as Ten-ace Estates at Mt. Henry and is more particularly
described in a Plan of “Third Amended Subdivision Plan of Efficiency Way Subdivision,” prepared by
Sebago Technics, Inc., approved by the Town of Bridgton on January 9, 2023 and recorded on January
13, 2023 in the Cumberland County Registry of Deeds in Plan Book 223, Pages 12 & 13, to which plan
reference should be made for a more particular description of said development and said development
is subject to all notes and conditions set forth on said plan.

WHEREAS, Declarant desires to provide for the improvement of Ten-ace Estates at Mt. Henry in
accordance with a harmonious plan for the relative location of residential structures, garages,
rights-of-way, easements, roads, common areas, and general land use, all to assure the purchasers
of lots in Ten-ace Estates at Mt. Henry, and their successors and assigns owning such lots, that
the use, benefit, and enjoyment of the individual lots, common amenities, facilities, easements,
and roads will not conflict with the harmonious plan; and

WHEREAS, the Declarant desires to create a residential area of Terrace Estates at Mt. Henry
providing for the greatest possible degree of health, safety, environmental beauty, and amenity for
the property owners and inhabitants thereof, and to effect the foregoing purposes, desires to
subject the property to protective covenants and common easements and to the provisions for a
homeowners association for the administration and enforcement of same, the maintenance and
improvement of certain common facilities, and the establishment, collection and disbursement of
assessments, all as set forth hereinafter, each and all of which are for the benefit of the
property and of each lot of the protective covenants and easements hereinafter set forth,
maintaining and improving certain rights-of-way and other common facilities, and otherwise carrying
out the functions of a homeowners association and the provisions and objectives of this
Declaration.

NOW, THEREFORE, Declarant hereby declares that the property shall be held, occupied, improved,
transferred, sold, leased, and conveyed subject to the protective covenants and restrictions, the
reservations and exceptions, the common rights and easements, and the provisions of a homeowners
association hereinafter set forth, all of which are declared to be in furtherance of a uniform
scheme for the development of the property and that said protective covenants, reservations, common
easements, and provisions for a homeowners association are intended to enhance and protect the
value and desirability of the property as a whole, to mutually benefit each of the parcels located
thereon, to create mutual, equitable servitudes upon each of the parcels in favor of each and all
other parcels therein and to create reciprocal rights and privities of contract and estate between
all persons acquiring or owning any interest in any portion of the property including Declarant,
and Declarant’s grantees, successors, administrators, and assigns and shall be deemed to run with
the land and be a burden and benefit to and enforceable by all such persons, including Declarant,
and Declarant’s grantees, successors, administrators, and assigns, and by the homeowners
association.

ARTICLE I
Definitions

The following words, shal1, as used herein, have the following meanings, unless the context plainly
requires otherwise:
a. Road. The roadways designated as “Sustainable Way” and “Efficiency Way” as shown on the Plan
of Ginn Subdivision.

b. Common Areas. All roads and common areas as shown on the Plan of “Third Amended Subdivision
Plan of Efficiency Way Subdivision,” prepared by Sebago Technics, Inc., approved by the Town of
Bridgton on January 9, 2023 and recorded on January 13, 2023 in the Cumberland County Registry of
Deeds in Plan Book 223, Pages 12 & 13.

c. Association. The homeowners association named Terrace Estates at Mt. Henry Association, Inc.
which Declarant has organized as a nonprofit corporation for the purpose of administering and
enforcing the protective covenants and easements hereinafter set forth, maintaining and improving
certain rights-of-way, stormwater management system and other common facilities, and otherwise
carrying out the functions of a homeowners association and the provisions and objectives of this
Declaration.

d. Declarant. Main Eco Homes, LLC, as aforesaid, and any successor to all of Declarant’s right,
title, and interest in and to the property.

e. Member or Members shall mean and refer to the record owner of a Lot, whether one or more
persons or entitled, including contract sellers, but excluding those having such interest

merely as security for the performance of an obligation.

f. Owner. The record owner, whether one or more persons or entities of the foe simple title to
any lot or parcel, but not including Declarant.

g. Lot or Parcel. Any one of the numbered lots within the property as shown upon the Plan, which
may hereafter be conveyed by Declarant.

h. Plan. That Plan labeled “Third Amended Subdivision Plan of Efficiency Way
Subdivision,” prepared by Sebago Technics, Inc., approved by the Town of Bridgton on January 9,
2023 and recorded on January 13, 2023 in the Cumberland County Registry of Deeds in Plan Book 223,
Pages 12 & 13 .

ARTICLE II
Supplemental Declaration_

This Declaration may be amended from time to time by Supplemental Declarations duly executed by
Declarant so long as Declarant owns a Lot in the development, or thereafter by a majority of the
owners, pursuant to a vote of the owners in accordance with the Bylaws of the Terrace Estates at
Mt. Henry Association, Inc. and recorded in the Cumberland County Registry of Deeds. No such
amendment shall render invalid any use of subdivision land within the property existing in
accordance with this Declaration at the time of recording such Supplemental Declaration, and any
such amendment shall be reasonably consistent with the uniform scheme of development established by
this Declaration. The Declarant has the right to an1end this Declaration without requiring
execution by the owners during the period that the Declarant owns a Lot.

ARTICLE III
Reservations and Exceptions

There is hereby excepted and reserved to the Declarant, for so long as it shall own a Lot and
thereafter to the Association the following:

a. Road. A right-of-way for a11 purposes over, across and through the Road, together with the
right to install and maintain utility poles and lines and water and sewer lines and drainage areas
adjacent to, within or under the traveled portion of said roads.

b. Common Areas. The right of access to, across, and through the common areas as shown on the
Plan.

c. Utilities. Declarant reserves a perpetual easement and right, appurtenant to all Lots as
shown on the Plans, over, under and across all Lots and Roads, to erect, construct, maintain,
protect and operate overhead and underground wires, cables, poles, conduits and apparatus for the
transmission of electrical energy, telephone lines, water and gas, and for the installation,
maintenance, repair and replacement of subsurface sewage and wastewater disposal systems including
but not limited to subsurface sewage disposal fields, treatment tanks and associated piping, or for
other utility service. The location of the easement shall be as first constructed on the face of
the earth with sufficient area surrounding each utility component to allow for maintenance, repair
and replacement. Promptly after any disturbance to the ground in the exercise of these easement
rights, the surface of the ground shall be restored to substantia11y the same condition as it was
in prior to such disturbance. No permanent structures, landscaping walls or fences shal1 be
permitted in the easement areas. The Owners agree to execute any instruments necessary to grant
easements in fee to any public utility company required for the Declarant’s exercise of any rights
relative to the aforementioned utility services.
d. Other. The right to exercise throughout the property any rights or powers hereinafter
conferred upon the Association by an amended Declaration.

ARTICLE IV
Common Rights and Easements

Each conveyance of a parcel shall be deemed to include as appurtenant to said parcel, subject to
such reasonable regulations as may be established from time to time by the Association, the
following:

a. Access. A right-of-way for all purposes over and along the Roads in the subdivision, as shown
on the Plan of the Subdivision, in common with Declarant and in common with the owners of the other
parcels.

b. Common Areas. A right of reasonable use of the common areas, including any and all areas,
for purposes of passive and active recreation, provided that no improvements shall be made except
as authorized by the Planning Board of the Town of Bridgton, for the maintenance and preservation
of the forested stormwater treatment buffers and for the construction, operation, maintenance,
repair and replacement of the common utilities that service the Lots including the subsurface
sewage disposal areas with appurtenant piping, stormwater drainage systems, irrigation systems
and pump house, street lights, telecommunication cables and other utility-related components
and systems. The Association shall have the power and duty to set rules and regulations conceming
the use of said Common Areas and Common Utilities.

ARTICLEV
Protective Covenants and Restrictions
a. Residential Use. No parcel shall be improved or used except for single family residential
purposes, with no more than one principal residence and improvements accessory thereto and shall
not be used for any commercial purposes. This provision shall not be construed to prevent rental of
any residence on said lot for private residential purposes, however, any such rental shall be for a
term of not less than 30 days nor shall there be more than four 30-day rentals in any calendar
year. This provision shall not prevent the conduct of certain non-objectionable commercial
activities, such as the practice of professions, craftwork, artistic endeavors, and similar
occupations, but only when conducted from within a private residence or other appurtenant
structure.

b. Occupancy Restrictions. The Terrace Estates at Mt. Henry Development shall be subject to an
“Age 55 or Older” covenant pursuant to the U.S. Housing for Older Persons Act of 1995 (42
U.S.C.§3601 et seq.), and the Maine Human Rights Act (5 M.R.S.A.
§4581) and the regulations adopted pursuant thereto (the “Legal Requirements”), whereby the
occupied Lots must at all times be occupied by at least one {1) Permanent Resident who is 55 years
of age or older (a “Qualified Resident”) during the time a Lot is occupied, provided however that
in the event of the death or divorce of the person who was the sole Qualified Resident, then the
surviving spouse or any other resident of the Lot at the time of death or divorce may remain in
occupancy so long as not more than 20% of the Lots are so occupied as further set forth in the
Legal Requirements.

A “Permanent Resident” is a person who occupies the Lot for at least six {6) months of the year, or
such shorter period as a unit is actually occupied. The Association shall adhere to policies and
procedures that demonstrate the intent required to provide housing for older persons and the
Association shall comply with rules issued by the Secretary of Housing and Urban Development and
the Maine Human Rights Commission for verification of the age 55 occupancy. Each resident is
required to cooperate in demonstrating compliance with the foregoing residency restrictions.
Children under the age of 18 may visit but may not become an occupant. A person will be deemed an
occupant of a Lot if he or she stays overnight in the Lot for more than 7 days in any calendar
year.
These provisions shall restrict occupancy and not ownership of a Lot. Every lease or sales contract
shall prominently disclose the foregoing occupancy restriction. Failure to comply with the
foregoing requirements shall be an event of default under the lease.

The Association may adopt rules and regulations implementing and interpreting the foregoing
requirements, including waivers to the foregoing requirements, provided that at least eighty
percent (80%) of the Lots are occupied by Qualified Residents.
Homes may be rented to persons age 55 years of age or older for a minimum of one month and up to
four times per year. All renters must be approved by the Association and a lease must be submitted
to the Association prior to the start of the rental period.

c. Prohibition on Subdividing Land. No parcel shall be subdivided except for the purpose of
conveying portions of a single lot to abutting lot owners for the purpose of increasing the lot
size of said abutting lot owners or to correct boundary line locations.

d. Road Maintenance. The Declarant shall construct the roadways designated on the Plan in
accordance with the Plans and specifications approved by the Planning Board for the Town of
Bridgton. Thereafter, the Ten-ace Estates at Mt. Henry Association, Inc. shall have the right,
duty, and obligation to maintain the roadways, until the Town of Bridgton accepts the Road and
assumes the responsibility for its maintenance.

e. Buffers Zones. The Declarant and thereafter the Association shall maintain a 25-foot wide
vegetated buffer around the development or as required by local ordinance. Forested stormwater
treatment buffers are shown on the plan entitled “Third Amended Subdivision Plan of Efficiency Way
Subdivision,” prepared by Sebago Technics, Inc., approved by the Town of Bridgton on January 9,
2023 and recorded on January 13, 2023 in the Cumberland County Registry of Deeds in Plan Book 223,
Pages 12 & 13. Prior to the start of construction on any of the Lots the location of any stormwater
buffer on individual lots or in designated open space of the development must be permanently marked
on the ground.

The Terrace Estates at Mt. Henry Development, including the Lots and any open space or common area,
shall be subject to and benefitted by a Declaration of Restrictions for Restricted Buffer Areas,
executed by Declarant of near or even date and to be recorded in the Cumberland County Registry of
Deeds. The Declarant, so long as Declarant owns a Lot in the development, and then the Association,
shall have the right and obligation to enforce the terms, conditions and restrictions set forth in
the Declaration of Restrictions.

The deed for each Lot, including any open space lot, that contains any portion of any sto1mwater
buffer must contain deed restrictions relative to the buffer and have attached to it a plot plan
for the Lot, drawn to scale, that specifies the location of the buffer on the Lot. The deed for
each Lot may include and incorporate the buffer restrictions set forth herein by reference to this
Declaration and the aforementioned Declaration of Restrictions.

f. Maine Department of Environmental Protection Site Location of Development Act Findings of Pact
and Order dated December 15, 2014, as amended, and recorded in the Cumberland

County Registry of Deeds in Book 32004, Page 178 (the “DEP Permit”). Each deed conveying a Lot
shall include a provision making the conveyance subject to all terms and conditions of the DEP
Permit which may be incorporated by specific and prominent reference to the Permit in the deed.

g. Common Septic Disposal Areas. The Declarant shall construct the common subsurface sewage
disposal fields designated as “Septic Area” on the Plan in accordance with the plans and
specifications approved by the Planning Board for the Town of Bridgton. Thereafter, Terrace Estates
at Mt. Henry Association, Inc. shall have the right, duty and obligation to maintain, repair or
replace the Septic Areas and appurtenant piping to its location where it intersects a Lot boundary
line. Each Owner shall be responsible for its respective septic tank and piping located in on that
Owner’s Lot.

h. Snow Removal. Until the time the roads of Efficiency Way Subdivision are accepted by the Town
of Bridgton, snow removal costs shall be divided fairly and equally by and paid by all inhabitants
for the pending winter season as of October 1st. An inhabitant is defined as a homeowner, lot
owner, or builder planning to use the road for the winter season. All money is due by October 15th
each year payable to the snow contract coordinator.

Notwithstanding any forgoing provisions regarding the allocation of expenses, if any
maintenance or repair of the road is necessitated by the act of any owner (present or future) of a
lot accessed by these roads or by the act of any such owners employees, guests, invitees,
contractors, or agents, and such maintenance or repair is not due to normal wear and tear of
roadways and is not due to a defective condition of the roadway, the costs of such maintenance and
repair shall be borne solely by such owner. Specifically, and not by way of infiltation, if during
the period of construction on a lot, the roadway is damaged because of construction vehicles on
such lot, then the cost of repairing such damage shall be borne solely by the owner of such lot.

1. Design of Dwelling. The design of residential dwelling and other acceptable buildings,
including, but not limited to, materials, colors, textures, building shape, roof lines, window
treatment, and site orientation shall be of a character harmonious with the natural beauty of
Terrace Estates at Mt. Henry development environment.
There will be no trailers or mobile homes allowed. Manufactured multi-story housing is allowed. All
houses shall be erected with a continuous foundation and shall include a heating system for
year-round occupancy.

j. Maintenance. All parcels, including the common areas and walking trails, shall be maintained
in a neat, attractive manner and kept in good repair. Every domestic water supply system and sewage
disposal system shall be kept and maintained in compliance with

all federal, state, and local requirements and in compliance with the provisions of this
Declaration.

k. Common Utilities. All Lots shall be benefitted by common utility systems that will provide
throughout the development for street lighting, telecommunication lines and cables, septic disposal
leach fields with appurtenant piping, stormwater drainage systems and an irrigation system and pump
house for irrigating lawns and landscaping. The Lots shall also be benefitted by common services
provided by the Association for the mowing or maintenance of lawns and landscaping, including
spring and fall cleanups, on all the Lots and to the extent necessary the Common Areas. The
maintenance, repair, replacement or operation (including electricity) of any of the Common Utilities
shall be deemed a common expense paid by the Association and assessed in accordance with Article
VII of this Declaration.

1. Surface Water. No owner of a lot, his agents, or successors in interest shall alter the
natural course of surface water on any lot in a way which would alter the natural flow of such
water across any other parcel, unless such alteration is approved by the owners of all parcels
affected.

m. Compliance with Ordinances. All construction activities, including the siting of buildings,
septic systems, and water supply shall be in accordance with all local, state, and federal laws,
codes, ordinances, and regulations.
n. Animals. The keeping of poultry, swine, dog kennels, livestock, or other animals shall not be
permitted on the property except household pets normally housed in a single-family residence.

o. Siding and Roofs. No dwelling or other building erected on any lot will be covered with tar
paper, asphalt siding, or corrugated metal siding but shall be covered with clapboards, shingles or
other suitable material. Roofs of all buildings erected on any lot shall be pitched.

p. Trash. Trash, garbage, and other waste shall be kept in sanitary containers where they are not
visible from the road or any other parcel.

q. Tre Cutting. Any cutting of trees shall be done in compliance with the Plan. This section
shall not preclude the removal of diseased or naturally damaged trees.

r. Completion of Construction. Any construction, including landscaping, commenced on any lot
shall be completed within a period of 12 months from the date construction originally commenced.
The Association shall have the right to set assess, and levy fines for violation of this section.

s. Unregistered Motor Vehicles. No unregistered motor vehicles may be kept on any property
located in the subdivision. No house trailer, business or commercial vehicle, or vehicle of similar
nature shall be brought upon, or be maintained, or be permitted to remain on the property except a
business vehicle normally used by a lot owner in his or her occupation may remain on the property
provided said vehicle is parked in an enclosed garage.
t. Tractor Trailers. No tractor trailers may be kept on any prope1ty located in the subdivision.

u. Water Supply. The water supply for each lot shall be provided by means of public water supply.

v. Compliance with Stormwater Management Report. Terrace Estates at Mt. Henry Association, Inc.
shall comply with the maintenance requirements of the Stormwater Management System in accordance
with the Stormwater Management Report approved by the Maine Department of Environmental Protection.
The owner or operator of the proposed project will be responsible for the maintenance of all
stormwater management structures, the establishment of any contract services required to implement
the program, and the keeping of records and maintenance logbook. Records of all inspections and
maintenance work accomplished must be kept on file and retained for a minimum 5-year time span. The
maintenance logbook will be made available to the DEP upon request. At a minimum, the appropriate
and relevant activities for each of the stormwater management systems will be perfom1ed on the
prescribed schedule.

Inspection & Maintenance Task§.;.
NOTE: The following instruction are excerpts from the Maine Department of Environmental
Protection’s Sto1mwater Management for Maine, Volume III BMPs Technical Design. Manual, dated
January 2006.
Conveyance & Distribution Systems: (Stormwater Channels & Culverts, etc.)

1. Mowing: Grass should not be trimmed extremely short, as this will reduce the filtering effect
of the swale (MPCA, 1989). The cut vegetation should be removed to prevent the decaying organic
litter from adding pollutants to the discharge from the swale. The mowed height of the grass should
be 2″4 inches taller than the maximum flow depth of the design water quality storm. A minimum mow
height of 6 inches is generally recommended (Galli, 1993).

2. Routine Maintenance and Inspection: The area should be inspected for failures following heavy
rainfall and repaired as necessary for newly formed channels or gullies, reseeding/ sodding of bare
spots, removal of trash, leaves and/or accumulated sediments, the control of
woody or other undesirable vegetation and to check the condition and integrity of the check dams.

3. Aeration: The buffer strip may require periodic mechanical aeration to restore infiltration
capacity. This aeration must be done during a time when the area can be reseeded and mulched prior
to any significant rainfall.

4. Erosion: It is important to install erosion and sediment control measures to stabilize this
area as soon as possible and to retain any organic matter in the bottom of the trench.

5. Fertilization: Routine fertilization and/or use of pesticides is strongly discouraged. If
complete re-seeding is necessary, half the original recommended rate of fertilizer should be
applied with a full rate of seed.

6. Sediment Removal: The level of sediment deposition in the channel should be monitored regularly
and removed from grassed channels before permanent damage is done to the grassed vegetation, or if
infiltration times are longer than 12 hours. Sediment should be removed from riprap channels when
it reduces the capacity of the channel.

Roadways & Parking Surfaces:
Paved surfaces shall be swept or vacuumed at least once annually in the Spring to remove all Winter
sand, and periodically during the year on an as-needed basis to minimize transportation of sediment
during rainfall events.

7. Level Spreader Replacement: The reconstruction of the level spreader may be necessary when
sheet flow from the spreader becomes channeled into the buffer.

Buffers:
1. Inspect resource and treatment buffers at least once a year for evidence of erosion,
concentrating flow, and encroachment by development.
2. Management of a buffer’s vegetation must be consistent with the requirements in any deed
restrictions for the buffers.
3. Wooded buffers must remain fully wooded and have no disturbance to the duff layer.
4. Vegetation in non-wooded buffers must be cut no more than three times per year and no shorter
than six inches.
5. Erosion within a buffer must be repaired as soon as practicable. If flows are concentrating 10 within the buffer, site grading, level spreaders, or ditch tum-outs must be used to ensure a more
even distribution of flow into the buffer.
6. Check downslope of all spreaders and tum-outs for erosion. If erosion is present, adjust or
modify the spreader’s or turnout’s lip to ensure a better distribution of flow into the buffer.
7. Clean-out any accumulation of sediment within the spreader bays or tum-out pools.
Stormwater Retention & Detention Systems:
1. A legal entity should be established with responsibility for inspecting and maintaining any
under-drained filter. The legal agreement establishing the entity should list specific maintenance
responsibilities (including timetables) and provide for the funding to cover long-term inspection
and maintenance.
2. Inspect the embankments for settlement, slope erosion, internal piping, and downstream
swamping. A professional engineer must review these immediately.
3. Mow the embankment to control woody vegetation.
4. Inspect the outlet control structure for broken seals, obstructed orifices, and plugged trash
racks.
5. Remove and dispose of sediments and debris within the control structure.
6. Repair any damage to trash racks or debris guards.
7. Mow vegetated spillways to control woody vegetation and replace any dislodged stone in riprap
spillways.
8. Remove and dispose of accumulated sediments within the impoundment and forebay.

ARTICLE VII
Terrace Estates at Mt. Henry Association, Inc.

The owner of each parcel within the property, or his heirs, successors, or assigns, shall
automatically, during the period of his ownership and by virtue of said ownership, be a member of
the Association so long as he retains title to any Lot on the Plan.
a. Purposes. The purposes of the Association shall be the operation and maintenance of the roads,
common drives and dry hydrants servicing the subdivision, for the maintenance and preservation of the forested stormwater treatment buffers and for the operation, maintenance,
repair and replacement of the common utilities, and any other common facilities of limited or
general use located within the common areas; the administration and enforcement of the protective
covenants and easements set forth in this Declaration; the general protection of the property; and
the perf01mance of any functions relating to the use, maintenance, or improvement of the prope1ty
required by this Declaration or which may be approved by vote of the owners.

b. Bylaws. The Association shall be organized and operated pursuant to the Bylaws of Terrace
Estates at Mt. Henry Homeowners Association, as amended from time to time by the Association.

c. Voting. Each owner, by virtue of his ownership of a parcel, shall automatically be entitled to
the votes as provided for in the Bylaws of the Association.

d. Assessments. Each owner is required to pay annual and special assessments.

A. Application. The assessments levied by the Association shall be used exclusively to manage,
maintain and care for Association property, including the Road, the Common Areas and the Common
Utilities. The rights of membership, including voting rights, are subject to the payment of the
annual and special assessments levied by the Association and imposed against each owner and, as
hereafter specified, such assessments become a lien upon the Lot owned or leased by the owner and
the personal obligation of the owner. Barring exceptional circumstances, each Lot shall be assessed
its pro-rata share of each annual and special assessment, based on the total number of Lots in
Terrace Estates at Mt. Henry Subdivision.

B. Purpose of Assessments. The assessments may be levied against the Lots for the purpose of
establishing such reserves as the Association deems necessary and for raising funds in order to
provide for the costs of administering and enforcing the terms of this Declaration and for
maintaining, repairing and operating the Roads and all Common Areas and Common Utilities.
Assessments shall also be used to pay the administrative costs and expenses of the Association and
for purposes of payment of insurance (including, without limitation, liability insurance), taxes,
improving and maintaining the Road, Common Areas and Common Utilities and related facilities and
for the cost of labor, equipment, materials, management, and supervision thereof.

C. Computation of Operating Budget and Assessment. The Board of Directors of the Association, at
least thirty (30) days prior to the Association’s annual meeting, shall prepare a budget covering
the estimated costs of establishing the reserves, administering and enforcing the Declaration, and
for maintaining, repairing and operating the Roads and all Common Areas and Common Utilities for
the coming year. The Board shall cause the budget and the proposed assessments to be levied against
each Lot for the following year, to be delivered to each owner at least twenty-one (21) days prior to the meeting. The budget and assessments shall be deemed ratified and approved unless disapproved at the annual meeting by a vote of a majority of the total votes cast at the meeting whether or not a quorum is present at that meeting. In the event the budget is disapproved, the budget last approved by the owners shall be continued until such time as the owners approve a subsequent budget proposed by the Board. The Board shall determine the total amount required, including the operational items such as insurance,
electricity, repairs, reserves, maintenance, and other operating expenses, as well as charges to
cover any deficits from prior years and capital improvements approved by the Board. The total
annual requirements and any supplemental requirements shall be allocated between, assessed to, and
paid by the owners as follows:

D. Annual Assessments. Except as provided above, each Lot shall be assessed and the owner or
owners thereof shall pay a fraction of said requirements, the numerator of which shall be one (1)
and the denominator of which shall be equal to the number of lots subject to this Declaration. The
sum due the Association from each individual owner shall constitute an assessment of the Board of
Directors and unpaid assessments shall constitute liens on the individual Lots, subject to
foreclosure as hereinafter provided. The annual assessments shall be due and payable within ten
(10) days after the annual meeting.

E) Special Assessments. In addition to the annual assessments, the Association, acting through its
Board of Directors, may levy special assessments in any year for the purpose of defraying the cost
of any construction or reconstruction, or unexpected repair or replacement of any portion of the
Road, the Common Areas or Common Utilities and improvements, including the necessary fixtures and
personal property related thereto, and the establishment of reasonable reserves and payment of
debts of the Association, provided that such special assessment shall have the assent of a majority
of the Members voting at the annual meeting or a special meeting called for such purpose. Special
assessments shall be due and payable within ten (10) days of approval unless the Board of Directors
adopts another due date.

F) Effect of Non-Payment of Assessment. If any assessment or any other charges payable pursuant
to this Declaration are not paid on the date when due as provided herein, then such assessments and
charges shall become delinquent and shall, together with interest thereon and costs of collection
become a continuing lien upon the Lot and appurtenant easements, against which such assessments are
made and shall bind such property in the hands of the then owner, his heirs, devisees, personal
representatives, successors and assigns. Such lien shall be prior to all other liens except: (a)
tax or assessment liens on the lot by the taxing subdivision of any governmental authority,
including but not limited to State, County, and Town taxing agencies; and (b) all sums unpaid on
any first mortgage of record encumbering the lot. The personal obligation of the then owner to pay
such assessment or charges shall remain his personal obligation and shall not pass to his
successors in title (except insofar as the Lot remains subject to the lien imposed by this
Declaration) unless expressly assumed by them.

e.
If any assessment or charges are not paid within thirty (30) days after the delinquent date, the
assessments or charges shall bear interest from the date of delinquency at the rate of eighteen
percent (18%) per annum and Declarant or the Association, whichever is applicable, may bring an
action at law against the owner personally obligated to pay the same or to foreclose the lien
against the property by any method allowed under Maine law for foreclosure of mortgages, and there
shall be added to the amount of such assessment or charges the costs of preparing and filing the
complaint in such action, and in the event a judgment is obtained, such judgment shall include
interest on the assessment or charges as above provided and a reasonable attorney’s fee to be fixed
by the court, together with the costs of this action. No owner may waive or otherwise escape
liability for assessments provided herein by non-use of a Lot.

G) Initial Fee. Upon the purchase of a Lot, the purchaser shall pay towards capital reserves a
fee set by the Declarant as an initial fee to the Association.
H) Declarant’s Assessments. Declarant shall not be obligated to pay assessments on unsold lots
or homes, provided, however, that Declarant shall pay a proportionate share of landscape
maintenance and snow removal. Such share will be based on a percentage of unsold lots to those lots
sold and being plowed and maintained.

Road Maintenance Requirements. The Roads shall be repaired and maintained to safe and passable
standards for two-wheel drive vehicles. The roads shall be kept in at least the condition
established by the Town of Bridgton pursuant to its approvals of the Efficiency Way Subdivision.
Such plans being on file with the Town of Bridgton.

RULES AND REGULATIONS OF TERRACE ESTATES AT MT. HENRY

GENERAL
A. The Developer of Terrace Estates at Mt Henry, Main Eco Homes, L.L.C. (“MEH”) has adopted the following Rules and Regulations (“Regulations”). These Regulations may be amended from time to time by resolution of MEH and thereafter by the Board of Directors of the Terrace Estates at Mt. Henry Association, Inc.
B. Wherever in these Regulations reference is made to “Lot owners,” such term shall apply to the owner of any Lot, to such Owner’s family, tenants whether or not in residence, servants, employees, agents, visitors and to any guests, invitees or licensees of such Lot owner, or such Owner’s family or the tenant of such Lot owner.
C. The Lot owners shall comply with all of the Regulations hereinafter set forth governing the development, roadways, driveways, common areas, grounds and any other appurtenances.
D. Capitalized terms not defined herein shall have the same meaning ascribed to them as in the Declaration of Protective Covenants, Reservations, Restrictions, and Easements of Terrace Estates at Mt. Henry, dated June 28, 2023 and recorded in the Cumberland County Registry of Deeds in Book 40220, Page 177 (the “Declaration”).
E. These Regulations may be amended from time to time by MEH, or consent, waivers or approvals to the Regulations may be granted by MEH, provided MEH owns a Lot in Terrace Estates at Mt. Henry subdivision. Thereafter, the Association reserves the right to alter, amend, modify, repeal or revoke these Regulations and any consent, waiver or approval given hereunder at any time by resolution of the Association or the Board of Directors. In the event of a conflict between these Regulations and the terms and provisions of the Declaration, the terms and provisions of the Declaration shall control.
RESTRICTIONS
1. All garbage and trash must be placed in the proper receptacles designated for refuse collection and no garbage or trash shall be placed elsewhere on the property. However, if a Lot owner chooses to obtain private trash pick-up service, trash may be placed on the curbside in proper receptacles no sooner than the morning of the pickup.
2. All charges and assessments imposed by the Association are due quarterly and payable in advance on the first day of each quarter, unless otherwise specified.
3. No more than one residential building shall be permitted at any time on the Lot, exclusive of auxiliary structures such as a garage or storage building. No modifications to the exterior of the home are permitted without a written request from the Lot owner and without approval from MEH.
4. No dwelling or other building erected on the Lot shall be covered with tar paper, tarred shingles or other types of tarred siding but shall be covered with clapboards, log siding, shingles, masonry, vinyl or similar suitable material.
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5. The property shall be kept in a neat appearance and maintained. No disabled or unregistered vehicles, junk or debris shall be stored or kept in open view on the property.
6. No animal husbandry shall be housed or kept on the property, provided, however, that this shall not exclude common household pets. If a Lot owner chooses to have a common household pet, there is a two pet maximum with a sixty-five pound limit for each pet. All pet waste, must be picked-up from the Owner’s property and Common Areas and disposed of properly. All pet urination shall be conducted in the Owner’s rear or side yard and not in the Owner’s front yard or Common Area. No dog houses, runners or tie-outs are permitted on the property or grounds.
7. Exterior fencing, flags, lawn ornaments, decorations, hammocks, swings and fountains shall not be permitted on the property or grounds.
8. One (1) bird feeder is permitted if suction cupped to Lot owner’s window or installed as a single-post or double hook yard post.
9. A temporary grill and/or small portable fire pit is permitted but must be stored inside the Lot owner’s home when not in use.
10. Complaints must be submitted in writing to MEH and thereafter the Association.
11. A garden in the rear of the Lot owner’s home is permitted with approval from the Developer prior to installation. Two small 4’ x 12’ raised beds are permitted with a 2’ path between finished area with bark mulch and filter fabric beneath to control weeds. All raised beds shall not be taller than 20”. No fencing is permitted around the raised beds or in any other areas. All garden beds must be maintained regularly and free of weeds and clutter. Flower boxes and additional flowers or plantings must be approved from the Developer before being installed on Lot owner’s property. One (1) black potted plant “staff or shepherd hook” is permitted on Lot owner’s property.
12. A small deck, patio or screened porch not to exceed 8’ deep x 12’ long or 10’ deep x 10’ long or less, directly against the rear of Lot owner’s home is permitted, however, design and location approval from the Developer is required. Patio furniture is permitted on front porch, screened porch and/or rear porch, patio or deck, but must fit entirely on the designated area. Laundry lines are permitted in screened porch areas only.
13. Homes may be rented to persons age 55 years of age or older for a minimum of one month and up to four times per year. All renters must be approved by the Association and a lease must be submitted to the Association prior to the start of the rental period.

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