Directors that is reasonably related to the services and benefits received by an Owner.

Section 8.   Effect of Nonpayment of Assessments: Remedies of the Association.

Any assessment or installment thereof not paid within thirty (30) days after the due date shall be subject to a late charge not to exceed five per centum (5%) of such assessment or installment thereof and shall bear interest from the date of delinquency at the rate of twelve per centum (12%) per annum until the payment is received by the Association. Further, in any case where an assessment is payable in installments, upon a default by an Owner in the payment of any installment when due, the required payment date or dates of the remaining unpaid installments of such assessments may be accelerated, at the option of the Board of Directors, and the entire balance of such assessment may be declared due and payable in full by the service of notice to such effect upon the defaulting Owner by or on behalf of the Board of Directors.

The Association may bring an action at law against the Owner personally obligated to pay the same or foreclose the lien against the property. No Owner may waive or otherwise escape liability for the assessments provided for herein by non-use of the Common Area, Trail Facilities or abandonment of his Lot.

Section 9.   Subordination of the Lien to Mortgages.

The lien of the assessments provided for herein shall be subordinate to the lien of any first deed of trust or mortgage. Sale or transfer of any Lot shall not affect the assessment lien. However, the sale or transfer of any Lot pursuant to first mortgage foreclosure, or any proceeding in lieu thereof, shall extinguish the lien of such assessments as to payments which became due prior to such sale or transfer, except to the extent the Association may be entitled to any surplus sales proceeds as a junior lien secured creditor. No sale or transfer shall relieve such Lot from liability for any assessments thereafter becoming due or from the lien subsequent to such sale or transfer nor shall it relieve the Owner of such Lot

from personal liability for assessments accruing prior to foreclosure.

Section 10.   Exempt Property.

The Common Area and all Lots owned by Declarant shall be exempt from the assessments created pursuant to this Declaration.

Article V — Restrictions and Reservations

Section 1.   Permitted Uses.

The Lots shall be used, improved and devoted exclusively for (i) single family residential purposes, including the leasing of any Lot by the owner thereof for residential purposes from time to time, and/or, (ii) home occupations and agricultural purposes permitted under the Prince William County Zoning Ordinance. No building shall be erected, altered, placed or permitted to remain on any Lot other than one single-family detached dwelling, private swimming pool, tennis court, garage, barn, stable, guest house, garden or storage sheds, fences and other structures built by a Declarant, Approved Builder or approved by the Architectural Approval Committee for use solely by the occupants. The Declarant or its assigns, or an Approved Builder may, during the construction and/or sales period, and within seven (7) years from the date hereof, erect, maintain and operate real estate sales and construction offices, displays, signs and special lighting on any part of the Properties on or in any building or structure now or hereafter erected while such Lot is owned by a Declarant or Approved Builder.

Section 2.   Approval of Improvements.

The approval for the construction of, addition to or alteration of any building, structure or improvement, including fences, shall be obtained from the Architectural Approval Committee pursuant to Article VI hereof. Any approval or disapproval of uses other than the permitted uses set forth above may be based on purely aesthetic grounds and shall be in the discretion of the Committee.

Section 3.   Minimum Area.

All residential structures shall have a finished living area, exclusive of porches, patios, balconies, terraces, decks, pools, breezeways and garages, of not less than 2,700 square feet, unless specifically authorized by the