Blue Lakes Texas Property Owners Association

Blue Lake POA Building Restrictions and Protective Covenants

Unit Number 1

STATE OF TEXAS - COUNTY OF LLANO
THIS CONTRACT AND AGREEMENT, made and entered into this _______ day of __________________, 19___, by and between BLUE LAKE PROPERTIES, INC., a Texas Corporation, hereinafter called Seller, and _____________________________, hereinafter called the Purchaser, WITNESSETH:

The Seller contracts and agrees to sell to the Purchaser and the Purchaser hereby contracts and agrees to buy, at the price and upon the terms hereinafter set forth, the following lot or lots situated in the County of Llano and the State of Texas, to-wit:

BLUE LAKE ESTATES
UNIT No. 1

Lot (s) _______________________________________________________

As shown by map or plat duly recorded in the Office of the County Clerk of Llano County, Texas, in Volume __________, Page _________, of Deed Records of Llano County, Texas.

It is mutually agreed by and between the parties hereto that the property herein described is subject to all restrictions, restrictive covenants, easements and reservations affecting the above described property as shown by the records of Llano County, Texas, and the following applicable restrictions, covenants and reservations, which shall also be binding on the parties hereto and all persons claiming under them, to wit:

1.	All lots shall be used solely for residential purposes except lots designated as business.
2.	Lots designated as business may be used either for residential or business purposes provided, however, that all restrictions, covenants and reservations contained herein, shall be complied with, and that if used for a business the nature and purpose of the business use shall first be approved in writing by Seller, his successors, assigns or designees.
3.	No building other than a single family residence containing not less that 800 square feet, exclusive of open porches, breezeways, car ports or garages, shall be erected or constructed on the front part of any residential lot in Blue Lake Estates. Closed porch area (screened or enclosed) can be credited at 50% up to maximum of 100 square feet. Servants’ quarters and guesthouses may be constructed in the rear of permanent residence after completion of same.The exterior of all buildings must be completed not later than six (6) months after laying foundation, and no temporary structures, trailer houses, tents, camp houses, or sheds of any nature may be moved onto the property.
4.	No building or structure of any nature including boat docks, piers, boat houses, launching ramps or fences shall be erected or constructed on any lot or part thereof conveyed as a separate building site until building plans, specifications, design, size, construction, and location of the property have first been approved in writing by an officer or agent of BLUE LAKE PROPERTIES, INC., and buyer agrees to abide by set-back designations as to minimum and maximum set-back from front and rear property lines and side lines.
5.	No building or structure shall be occupied or used until the exterior thereof is completely finished.
6.	No outside toilet shall be installed or maintained on any premises and all plumbing shall be connected with a sanitary sewer or septic tank approved the State and Local Departments of Health.
7.	Each lot or no more than two (2) adjoining lots having one common owner, shall have an assessment of $27.00 per year for the maintenance and physical improvement of parts, beach areas, and other recreational facilities, and such assessment shall be and is hereby secured by a lien on each lot, and shall be payable to Blue Lake Property Owners Association, Marble Falls, Texas on the 1st day of July of each year, beginning July 1, 19___, or to such other person or persons as Seller may designate by instrument filed of record in the Office of the County Clerk of Llano County, Texas.
8.	All accepted property owners and members of their families shall have ingress and egress to the lake thru the park areas, as shown on plat of record of BLUE LAKE ESTATES Unit No. 1. All parks, lake and beach improvements shall be available for use of accepted property owners and their families at their own risk.
9.	No noxious, offensive, unlawful or immoral use shall be made of the premises. No FOR SALE signs shall be placed on any lot or lots without prior written approval by an officer of BLUE LAKE PROPERTIES, INC. and Seller hereby reserves the right to remove any signs placed without above written approval.
10.	All covenants and restrictions are for the benefit of the entire subdivision, and shall be binding upon the purchaser or his successors, heirs and assign.
11.	Invalidation of any one of the covenants or restrictions by judgement of any court, shall in no way affect any of the other provisions which shall remain in full force and effect.
12.	Seller reserves unto itself, its successors and assigns, and excludes from this contract and agreement, one sixteenth (1/16) of all minerals of every kind lying and being on or under the property herein described.
13.	Seller or his appointed agent, agrees to build a water system and lay and install water mains in the subdivision known as BLUE LAKE ESTATES within a period of eight (8) months from the date of this contract, for the purpose of making water available to the property owners in said subdivision.
14.	No residential lot in BLUE LAKE ESTATES UNIT NO. 1, shall be smaller in average width than seventy (70) feet.

The purchase price which the Purchaser contracts and agrees to pay for the above described property is the sum of $________payable at the office of the Seller, in Marble Falls, Texas, or as otherwise designated by the Seller, as follows:$__________in cash the receipt of which is hereby acknowledged and the balance of $ __________shall be payable in __________monthly installments of not less than $ __________. The first of said installments shall become payable on the ________day of ___________, 19_____ and the remaining installments shall be payable on the same day of each succeeding month thereafter. Each installment shall include interest at the rate of six per cent on the unpaid principal balance, payable monthly as it accrues. The interest shall first be deducted from each installment and balance applied to unpaid principal.

The Seller hereby agrees that when the full purchase price has been paid, and at the various times specified, it will at that time cause to be delivered to the Purchaser a General Warranty Deed, duly signed and acknowledged, together with a Guaranteed Title Insurance Policy property conveying title to Purchaser, subject only to such indebtedness as may be acknowledged by Purchaser, and subject to the restrictions, covenants and reservations above mentioned.

Taxes shall be prorated as of date of purchase contract.

In the event of default in any of said payments as provided herein or breach of any of the terms or conditions of this contract or violation of any of the covenants or restrictions herein contained, then the Seller shall have the right to cancel said contact in its entirety and declare the whole of said deferred payments due. In the event the Seller desires the full amount due and said contract cancelled, it is understood that the said Seller or its assigns shall mail a letter of cancellation addressed to the Purchaser at the above mentioned address and the said letter of cancellation shall be sufficient notice, and the Seller may at once enter upon said property and take possession thereof, and all payments made by Purchaser and all improvements placed or built thereon by Purchaser shall be kept and retained by Seller not as a penalty but as liquidated damages for breach of this contract and as rental charges for the above property.

This contract shall not be transferred, assigned, conveyed or recorded without the written consent of Seller.

It is understood and agreed by the Purchaser that no representations have been made to the Purchaser concerning said property other than have been embodied in the agreement; and it is agreed that no representations or statements except as herein written shall be binding upon said Seller, Purchaser, or their representatives.

EXECUTED in duplicate this ______________	day of _______________________, 19______
ATTEST:	BLUE LAKE PROPERTIES, INC. SELLER
______________________________________________	__________________________________________
Vice-President	President

WITNESSES:	PURCHASER:
__________________________________________	__________________________________________
__________________________________________

To contact Blue Lake Property Owners Association call (830) 598-5460 or email the office at info@bluelaketx.org