DECLARATION OF COVENANTS, CONDITIONS, RESTRICTIONS AND EASEMENTS FOR TATUM VILLAGE
This Declaration of Covenants, Conditions, Restrictions and Easements for Tatum Village is made this __day of____, 2006, by D.R. Horton, Inc., a Delaware corporation as "Declarant."
RECITALS
A. Declarant is the owner of that certain parcel of real property situated in Maricopa County, Arizona, more particularly described on Exhibit A attached hereto and incorporated herein by this reference (the "Project"). The Project also includes all Improvements (as defined below) and all easements, rights and privileges appurtenant thereto.
B. Declarant desires to create a planned residential community, which will include common facilities for the benefit of the community.
C. Declarant desires to submit and subject the Project, together with all Improvements and all easements, rights, appurtenances and privileges belonging to or in any way pertaining thereto, to the covenants, conditions and restrictions herein set forth.
D. Declarant desires to establish for its own benefit and for the mutual benefit of all future Owners and Residents of the Project and every part thereof, certain easements and rights in, over and upon the Project and certain mutually beneficial restrictions and obligations with respect to the proper use, conduct and maintenance thereof.
E. Declarant desires and intends that the Owners and all other Persons acquiring any interest in the Project, including, without limitation, First Mortgagees, shall at all times enjoy the benefits of, and shall hold their interests subject to, the rights, easements, privileges, covenants and restrictions hereinafter set forth, all of which shall run with the land and be bindimg upon the Project and all Persons having or acquiring any right, title or interest in or to the Project, or any part thereof, and shall inure to the benefit of each holder of an interest therein, and all of which are declared to be in furtherance of a plan to promote and protect the Project and are established for the purpose of enhancing and perfecting the value, desirability, and attractiveness of the Project.