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000053 BOOK 1628 PAGE 0234 STATE OF NORTH CAROLINA COUNTY OF NEW HANOVER RECORDAN5707450 REBAT. CHR.

REGISTER OF DELIS NEW HANOVER CO. NC '92 OCT 30 AM 10 00 DECLARATION OF RESTRICTIONS BRITTANY LAKES, SECTION 2 KNOW ALL MEN BY THESE PRESENTS: That the undersigned, COASTAL CAROLINA DEVELOPERS, INC., (hereinafter "CCD") and TERHANE GROUP, INC., (hereinafter "TGI"), (hereinafter CCD and TGI shall be collectively referred to as "Developer") a North Carolina corporation are the owners of all of the interest and equity in that certain tract of land known as BRITTANY LAKES, SECTION 2, and it is the desire of the undersigned, to ensure the use of said property for attractive residential purposes only, to prevent the impairment of the attractiveness of the property, to maintain the desired tone of the community, and thereby to secure to each lot owner the full benefit and enjoyment of his home with no greater restriction upon the free and undisturbed use of his lot than is necessary to ensure the same advantages to the other lot owners; NOW, THEREFORE, the undersigned do hereby covenant, agree and declare to and with all persons, firms or corporations now owning or hereafter acquiring any property in-BRITTANY LAKES, SECTION 2, that all of the lots in said subdivision as shown on a map recorded in Map Book 31 at page 91 of the New Hanover County Registry, are hereby made subject to the following restrictions as to the use thereof, running with the land by whomsoever owned, to-wit: Being all restrictions and homeowner association rights, privileges and responsibilities as fully set forth in the recorded document entitled "DECLARATION OF RESTRICTIONS BRITTANY LAKES, SECTION 1A" as recorded in Deed Book 1498 at Pge 1818 on June 1, 1990, the terms and conditions of which are

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ly set forth in the recorded document entitled "DECLARATION OF RESTRICTIONS BRITTANY LAKES, SECTION 1A" as recorded in Deed Book 1498 at Pge 1818 on June 1, 1990, the terms and conditions of which are incorporated herein by reference.

SCOPE OF RESTRICTIONS THESE RESTRICTIONS APPLY ONLY TO SECTION 2, BRITTANY LAKES SUBDIVISION, AS THE SAME IS SHOWN ON MAP REFERENCED ABOVE, AND NOTHING HEREIN IS INTENDED, NOR SHALL BE DEEMED, TO BE A REPRESENTATION, WARRANTY, COVENANT OR PROMISE THAT THESE RESTRICTIONS APPLY OR SHALL APPLY TO ANY OTHER REAL PROPERTY OWNED BY TGI OR CCD AND AS DESCRIBED IN THAT DEED RECORDED IN BOOK 1292, AT PAGE 1526 IN SAID REGISTRY. TGI OF CCD FOR ITSELF, ITS SUCCESSORS AND/OR ASSIGNS, DECLARES THAT SECTION 2, BRITTANY LAKES, IS NOT PART OF ANY OVERALL PLAN FOR THE DEVELOPMENT OF THE REAL PROPERTY DESCRIBED IN THE DEED REFERENCED HEREIN, AND THAT THE REMAINDER OF SAID PROPERTY MAY AND CAN BE USED, DEVELOPED, CONVEYED AND/OR IMPROVED FOR PURPOSES AND SUBJECT TO RESTRICTIONS OTHER THAN AS SET OUT HEREIN.

260555 RETURNED TO Terry Bache 392-0620 BOOK PAGE 1628 0235 IN TESTIMONY WHEREOF, CCD AND TERHANE GROUP, INC., have caused this instrument to be signed in their corporate names by their Presidents or Vice-Presidents, sealed with their corporate seals, and attested by their Secretary, or Assistant Secretary, this 30 day of OCTOBER, 1992.

COASTAL CAROLINA DEVELOPERS, INC.

ATTEST: B. Lent CAROLINA SERTABORPORATE (AFFIX CORPORA ATTEST: SEAL STAL) NORTH ING.

CAROLINA f. Backe * SECRETARY BY: TERHANE GROUP, INC.

BY: brenov PRESIDENT W Bache PRESIDENT SEAL OHPURATE SEAL) OF NORTH CAROLINA COUNTY OF NEW HANOVER I, Dale B. Covil a Notary Public of personally came before me smid County and State, do hereby certify that B. LEON SKINNER

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Bache PRESIDENT SEAL OHPURATE SEAL) OF NORTH CAROLINA COUNTY OF NEW HANOVER I, Dale B. Covil a Notary Public of personally came before me smid County and State, do hereby certify that B. LEON SKINNER this day and acknowledged that he/she is Assistant Secretary of COASTAL CAROLINA DEVELOPERS, INC., and that, by authority duly given and as the act of the corporation, the foregoing instrument was signed in its name by its President, sealed with its corporate seal, and attested by himself/herself as its Assistant.

Secretary.

WITNESS my hand and notarial seal this 30th day of OCTOBER, 1998. 1992.

Dales.

Couil Notary Public My Commission Expires: March 16, 1996 (AFFIX NOTARIAL SEAL) DALE COVIL NOTARY PUBLIC PENDER TY, NC COUNTY.

Pender STATE OF NORTH CAROLNA COUNTY OF NEW HANOVER BOOK PAGE 1628 0236 I. Carol Davis, a Notary Public of said County and State, do hereby certify that James M. Bache, personally came before me this day and acknowledged that he is Secretary of TERHANE GROUP, INC., and that, by authority duly given and as the act of the corporation, the foregoing instrument was signed in its name by its President, sealed with its corporate seal, and attested by himself as its Secretary.

WITNESS my hand and notarial seal this October, 1992.

30th day of My Commission Expires: 9-9-94 CAROL "DAVIS NOT NOTARY SEAL) NEW PUBLIC HANOVE N.

UNTY, Carol slavin Notary Public STATE OF NORTH CAROLINA New Hanover County The B.) of Carol Davis Notary (Notaries) Public is/are certified to be correct 30 This the By day of + Oct. 1992 Rebecca. Tucker, Register of Deeds Playlles Deputy/Assist you