WHEREAS, Beneficiary is the present owner and holder of the Obligations secured by said Deed of Trust recorded in Deed Book No. 1936, at page 757, among said County land records; and,

WHEREAS, Declarant desires to provide for the development, preservation and enhancement of the value, attractiveness and desirability of the development to be known as SHELTER LAKES, Section 1; and,

WHEREAS, Declarant, to this end, desires to subject the aforesaid real property in the development known as SHELTER LAKES, Section 1, to the covenants, conditions, restrictions, reservations, easements, charges and liens hereinafter set forth. These covenants, conditions, restrictions, reservations, easements, charges and liens shall run with the said real property and shall be binding on all parties having or acquiring any right, title or interest in the property, or any part thereof, and shall inure to the nonexclusive benefit of each owner thereof; and,

WHEREAS, Declarant has deemed it desirable for the efficient, harmonious use and preservation of the Association's property, including its natural beauty and value (both economic and aesthetic), to create an agency which shall be delegated and assigned the powers of maintaining, repairing and improving the said property, administering and enforcing the covenants and restrictions, and collecting and disbursing the assessments and charges hereinafter created; and,

WHEREAS, Declarant has incorporated under the laws of the Commonwealth of Virginia, as a not-for-profit corporation, SHELTER LAKES, INC. ("Association") for the purpose of exercising the functions aforesaid and as hereinafter set forth. The Association joins in this Declaration to evidence its consent to all the rights, powers, duties, privileges, obligations and benefits delegated to it and the provisions of this Declaration applicable to Parcel A, Parcel B and Parcel C, SHELTER LAKES, Section 1.

Now, therefore, in furtherance thereof,

W I T N E S S E T H,