..This instrument prepared by:. ~Tune, Entrekin &. White, Attorneys21st Floor, First American Center
Nashville, Tennessee 37238
MASTER DEEDtrEu~ Z. ~.~L$I~H ~ ~EGI~TEK
TIIE CLOISTER AT ST. ]IENRY,
(A Horizontal Property Regime)
THIS MASTER DEED, made and entered into by ST~ HENRY’S PROPERTY
DEVELOPMENT, INC., a Tennessee corporation, for convenience hereinafter referred to as
the "Developer";
WITNESSETH
WHEREAS, the Developer is the legal title holder of a sixty (60) year leasehold
interest by virtue of a Ground Lease¯ dated July 2, 1985, between James D. l~/iedergeses,
Bishop of the Diocese of Nashville, as Lessor, and Developer, as Lessee (said Ground Lease
being hereinafter referred to as the "Ground Lease") of certain real estate located in the
County of Davidson, State of Tennessee, and described on Exhibit "A", Part I, attached
hereto; and
WHEREAS, the Developer has submitted its leasehold interest in~ adjoining parcels
(Exhibit "A", Part II, attached hereto) to the provisions of the Horizontal Property Act of
the State of Tennessee by Master Deeds of record in Book 6042, Page 602, and Book 6237,
Page 665, Register’s Office for Davidson County, Tennessee; and ...........................
WHEREAS~ the Developer intends to .and does hereby submit itsleaseh01d interest
¯ in the real’estate described in Exhibit "A", Part I, and .all rights and privileges belonging.or
in anyway pertaining thereto (collectively hereinafter referred ~:o as the ’~Property")to the.
.provisions of the Horizontal Property Act of the State of Tennessee, for the express purpose
..of establishing thereon a horizontal property.regime; and
WHEREAS, .the Developer further desires to establish said horizontal property
regime for his own benefit and for the mutual benefit of all future owners or occupants of
.the Property or any part thereof, and intends that all future owners, occupants, mortgagees,
and any other persons hereinafter acquiring any interest in the Property shall hold said
interest subject to certain rights, easements and privileges in, over and upon said premises
and certain mutually beneficial restrictions and obligations with respect to the proper use,
conduct and maintenance thereof, as hereinafter set forth, all of which are declared to be in
furtheranceof a plan to promote and protect the cooperative aspects of residence on the
Property and are established for the purpose of enchancing and perfecting the v~lue,
desirability and attractiveness of the Property;
NOW, THEREFORE~ the Developer, as the.legal title holder of the real estate
interest hereinabove described, and for the purposes above set forth, declares as follows:
1. Definitions. As used herein, unless the context otherwise requires:
(a) "Act" means the Horizontal Property Act of the State of Tennessee.
(Tennessee Code Annotated, Section 66-27-101, e_~t seq.)
(b) "Additional Phases" means the additional tract(s) of real estate lying in
the Development Property which may be submitted to the provisions of the Act as described
in Section 9 hereof, together with Phases IA and IB, previously submitted to the provisions
of the Act by Master Deeds of record in Book¯ 6042, Page 6¯02, and Book .6237, Page 665,
Register’s Office for Davidson County, Tennessee. .-
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.non-profit corporation.
(d) ".Board"
"Association" .means The Cloister Owners’ .Association, a Tennessee
means the Board .of Managers of the Cloister Owners’
Association, aTennessee non-profit corporation. "
¯ :(e) "Buildings,’ ..means the buildings to be constructed on the Parcel and
-which will become part of the Property and will contain the Units. The "Buildings" are
delineated on the Plat. ,
:(f) "Bylaws" means the Bylaws of the Cloister Owners’ Association of
record in Book 6042, Page 650, Register’s Office for Davidson County, Tennessee, and made
a part hereof, as amended from time to time. For purposes of the Act, all provisions
contained in the body of this Master Deed dealing with the administration and maintenance
of the Property shall be deemed to be a part of the Bylaws.
(g) "Common Elements" means all of the Property except for the Units,
and, without limiting the generality of the ¯foregoing, shall include those items defined as
"General Common Elements" in the Act, including the following:
(I) The Parce! except as otherwise herein provided or shown on the
Plat~
(2) ¯ All foundations, load bearing walls, columns¯and roofs;
(3) All utility lines or services for water, sewerage disposal,
electricity and gas, except as otherwise herein provided or shown on the Plat;
(4) In general, all devices or installations existing for common use;
(5) All other elements of the Buildings desirable or rationally of
common use or necessary to the existence, upkeep and safety of the horizontal property
regime established by this Master Deed.
(h) "Developer" means St. Henry’s Property Develo.pment, Inc., its
successors and assigns, provided such successors or assigns are designated in writing by
Developer as a successor or assign of the rights of Developer set forth herein.
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" : i) :,,Development Property" means the .real estate d’~scribed in II df
Exhibit "A" .attached hereto. The Developer reserves ~he right, in its sole discretion, to add
additional contiguous property to the Development Property if necessary for the purpose of
adjustment and placement of Buildings. ’Such additional acreage will not be substantial, but
the right to add additional acreage shall be expressly reserved by the Developer.
(j) ."Limited Common Elements" .means all Common Elements contiguous
to and serving exclusively a single Unit .or one or more adjo’.ming Units as an inseparable
.appurtenance thereto, the .enjoyment, benefit or use of which is reserved to the lawful
Occupants of such Unit or Units either in this Master .Deed, on the Plat or by the Board.
Said Limited Common Elements shall include, but shall not be limited to, the separate
furnace, air conditioner and water heater located adjacent to a Unit and serving only such
Unit, pipes, ducts, electrical wiring and conduits located outsidethe Unit but serving only
such Unit, driveways servicing each Unit, patios adjacent to each Unit, sidewalks from the
driveway to the front door of each Unit, glass in all windows and doors on the exterior walls
of all Buildings which serve each Unit, all doors and .door frames located on the exterior
walls of Buildings, all drywall or sheetrock affixed to each Unit as interior walls and
ceilings, all interior doors and door frames located within a Unit, all shrubbery immediately
adjacent to the front exterior wall of each Unit, all planter areas adjacent to each patio, all
.garage doors, automatic garage door openers, and pulldown stairs in each Unit.
(k) "Majority" or "majority of the Unit Owners" means the owners of more
than fifty percent (50%) of the votingrights of the Unit Owners.
(1) "Master Deed" means this instrument, by which the Property is
submitted to the provisions of the Act, as hereinafter provided, and such Master Deed as
amended from time to time. . .....(m) "Occupant" means a person or persons in possession of. a Unit,
regardless of whether said person is a Unit Owner, but who occupies the Unit as his or her
principal residence.
~u~,,,~,-,---- ¯ ....
". (n) "Parcel" .means the leasehold interest of Developer in the parcel or
tract of real estate, .described in Part I of Exhibit"A" .attached to this Master Deed,
submitted to the provisiot~s of the Act.
(o) "Person" means a natural individual, corporation, partnership, trustee or
other legal entity capable of holding title to real Property. ~.
(p) "Plat" means the plat or survey of the Parcel submitted to the
provisions of the Act showing the number of each I!nit, expressing its area, .location and
other data necessary for identification, said Plat for Phase IC of The Cloister at St. Henry
being attaehed hereto and labeled Exhibit ’rB". A previous ¯Plat has been recorded covering
Phases IA and IB, and additional Plats may be recorded from time to time covering
¯ additional sections of the Development Property.
(q) "Property" means all the leasehold interest of Developer in the land,
Property and space comprising the Parcel, and all improvements and structures to be
erected, constructed or contained thereon.
(r) "Record" or "Recording" refers to the record or recording in the Office
of the Register of Deeds for Davidson County, Tennessee.
(s) "Community Facilities" refers to a multi-activity center which
Developer has constructed on the real estate described in Exhibit "A", Part IV, and shall also
include a leasehold interest in said real estate.
(t) ."Unit" means an enclosed space consisting of one or more rooms
occupying all or part of a floor or floors in the Buildings, including attics or basements (if
present), which enclosed space is not owned in common with the Unit Owners of other Units.
Each Unit is numbered as shown on the Plat, and the boundaries of each Unit shall be and
are the interior surfaces of its perimeter walls, floor and ceilings or rafters (over attics) and
a Unit includes both the portion of the Buildings so described and the air space so
encompassed, excepting Common Elements and Limited Common Elements. . All built’in
¯ equipment, including but not limited to, ovens, ranges~ exhaust fans, dishwashers, disposals,
-plumbing fixtures, electric fixtures, furnaces and water heaters shall be a part of each ¯Unit
and shall be theseparate personal proper, ty of each Unit Owner. It is intended that the term
"Unit"¯ as used in this Master Deed shall have the same meaning as the term "Apartment" as
used in the Act. .. -..
(u) "Unit Owner" means the person or persons whose estates or interests,
individuallyor collectively, aggregate fee simple ownership of a Unit and of the undivided
.interest in the common Elements appurtenant thereto and shall be deemed the same as a
"co-owner" under the Act. Unless specifically provided otherwise herein, the Developer
shall be deemed a Unit Owner so long as he is the legal title holder of any Unit. ~
2. Submission of Property to the Act..The Developer, as the l~al title holder
of the entire leasehold interest Conveyed by the Ground Lease of the Parcel, expressly
intends to, .and by recording this Master Deed does hereby submit and subject the Parcel and
the Property to the provisions of the .Horizontal Property Act of the State of Tennessee and
hereby establishes a horizontal property regime to be known as The Cloister at St. Henry,
Phase IC.
3. Plat. The Plat sets forth the numbers, areas, locations, and other data, as
required by the Act.
4. Units. The legal description of each Unit shall consist of the identifying
number or symbol of such Unit as shown on the Plat. Every deed, lease, mortgage, deed of
trustor other instrument shall legally describe a Unit by its identifying number or symbol as
shown on the Plat and every such description shall be deemed good and sufficient for all
purposes, as provided in the Act. Except as provided by the Act, no Unit Owner shall, by
deed, plat, codrt decree or otherwise, subdivide or in any other manner cause his Unit to be
separated into any tracts or parcels different from the whole unit as shown on ~he Plat.
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!79 .....
5̄. ..(a) Association 0f Unit Owners and Administration and Operation of the ..
Property. ~ere has been formed an Association havingthe name ~e Clo~ter Owne~’
Assoeiation~ a Tennessee nonprofit eo~poration, which Association sha~ be the governi~
body for aH of the Unit Owners and Unit Owners of Additional Phases and sh~l be operated
to provide for the maintenance, repair, replacement, administration, operation and care of
the Property and Common Elements, as provided in the Act, this Master Deed and Bylaws.
The Association shah further provide the same ~functions with regard to Additional Phases
and with regard to Community Facilities which Developer intends to build and convey to the
Unit Owners of all phases, as hereinafter described. The Bylaws for the Associa’tion shall be
the Bylaws previously recorded at Book 6042, Page 650, Register’s Office for Davidson
County, Tennessee, and made a part hereof. The Board of Managers of the Association shall
be elected and shall serve in accordance with the provisions of the Bylaws. The fiscal year
of the Association shah be determined by the Board, and may be changed from time to time
as the Board deems advisable. The Association shall not be deemed to be conducting a
business of any kind. All activities undertaken by the Association shall be held and applied~
by it for the use and benefit of Unit Owners in accordance with the provisions of the Master
Deed.and Bylaws. Each Unit Owner shall be a member of the Association so 10ng as he is a
Unit Owner. A Unit Owner’s membership shall automatically terminate when he ceases to
be a Unit Owner. Upon the conveyance or transfer of a Unit Owner’s ownership interest to a
new Unit Owner, the new Unit Owner shah simultaneously succeed to the former Unit
Owner’s membership in the .Association. The aggregate number of votes for aH members of
the Association shall initially be divided among the respective Unit Owners with one (1) vote
granted to each unit. Each Unit in Phases IA and IB has one (1) vote and if a further
Additional Phase is added as described in Section 9 hereof, the Association will
automatically have additional members equal to the number of Unit Owners of such phase,
with the total membership of the Association being all Unit Owners of the phase so added,
including the Unit Owners of Phases IA, IB and IC.
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(b) Management of Property. The Board shall have the authority to engage.
the-services of an agent (herein sometimes referred :.to ~s the "Managing Agent") �o
maintain,"repaiG replace, administer and operate the Property and Common Elements, or
-any part thereof~ to the extent deemed advisableby the Board, subject to the provisions of
subparagraph (c) below. The Board shall require that such Managing Agent have fidelity
bond coverage on its employees handling Association funds. The cost of such services shall
be a common expense, as defined in paragraph 10below.
(c) Initial Management Contract. The First Board has .ratified and
approved a Management Agreement for the Property for a term of not more than four (4)
years.
(d) Apartments for Building Personnel The Board shall have authority to
lease, purchase and mortgage a Unit, Units or other residential quarters, for a project
manager ~nd maintenance personnel, if necessary. All rental or debt service paid by the
Association pursuant to a lease agreement or mortgage shall be a general common expense,
as defined in paragraph I0 below.
.(e) Use by Develope.r.. During the period of sale and construction by the
Developer of any Units and completion of the Common Elements, the Developer, and said
Developer’s agents, employees, contractors and subcontractors, and their respective agents
and employees, shall be entitled to access, ingress to and egress from said Buildings and
across the Property as may be required for purposes of said sale and construction of Units
and completion of the Common Elements. While the Develope~ owns any of the Units and
until each Unit sold by him is occupied by the purchasers, the Developer and his employees
may use and show one or more of such unsold or unoccupied Units as a model Unit or Units
and may use one or more of such unsold or unoccupied Units as a sales office, and may
maintain customary signs in connection therewith. ¯ ....... ...~ .
(f) Non-Liability of the Directors? Board, Officers and Developer. ’ ~The
¯ members of.the Board of Managers, officers of the Association, or the Developer .shall not
be personally liable to the Unit owners for any mistake of judgment or for any other acts or
omissions of any .nature whatsoever as such Board of Managers members, officers, or
Developer, exee.pt for any acts or omissions-found by a court to constitute gross negligence
¯ or fraud. The Unit Owners shall indemnify and hold ¯harmless each of the members of the
Board of Managers~ officers, or Developer, and their r.espective heirs~ executors,
administrators, successors and assigns in accordance with the provisions of Article VIII of
the Bylaws.
6. ’ Board’s Determination Binding. In the event, of any dispute or disagreement
between any Unit Owners relating to the Property, or any questions of interpretation or
application of the provisions of the Master Deed or Bylaws~ the determination.thereof by the
Board shall be final and binding on each and all such Unit Owners.
7. (a) Ownership of the Common Elements. Each Unit Owner shall be entitled
to a percentage of ownership in the Common Elements allocated to the respective Unit
Owned by such .Unit Owner, with each Unit being allocated one forty-sixth (1/46). If a Unit
is owned by more than one Unit Owner, all Unit Owners of a Unit shall eollietively own a
fraction equal to one forty-sixth (1/46) of the whole. The percentages of ownership
interests shall remain constant unless hereafter changed by recorded a.mendment to this
Master Deed consented to in writing by the Unit Owners in accordance with paragraph 21
below. Said ownership interest in the Common Elements shall be an undivided interest, and
the Common Elements shall be owned by the Unit Owners as tenants in common in
accordance with their respective percentages of ownership. The ownership of each Unit
shall not be conveyed separate from the percentage of ownership in the Common Elements
corresponding to said Unit. The undivided percentage.of ownership in the Common Elements
corresponding to any Unit shall be deemed conveyed or encumbered with that Unit, even
though the legal description in the instrument conveying or encumbering said Unit may not
make specific reference to such undivided percentage.of ownership in the Common
Elements. "
(b) Ownership of the Community Facilities. After substantial completion
of the Community Facilities and dedication of all Additional Phases, Developer agrees to
deed a prorata undivided interest in the Community Facilities collectively to the Unit
Owners. The Unit Owners shall each be allocafed a one forty-sixth (1/46) interest in said
prorata .undivided interest in the same manner as Unit Owners are allocated ownership of
the Common Elements. The Unit Owners of Phases IA and IB and any further Additional
Phase shall be conveyed a collective prorata undivided interest in the Community Facilities
and all Unit Owners of all phases shall own .the CommunitY Facilities in common in
proportion to their respective percentage interests. In the event the Developer elects not to
submit any further Additional Phase to the provisions of the Act, the prorata interest ~to be
allocated collectively to such phase’s Unit Owners shall be allocated and conveyed prorata
to the phases which have been submitted to the provisions of the Act.
8. (a) General Use of the Common Elements. Except as otherwise provided
herein, each Unit Owner shall have the right to use the Common Elements .in common with
all other Unit .Owners, as may be required for the purposes of access, ingress to, egress
from, use, occupancy and enjoyment of the respective Unit owned by such Unit Owner. Such
right to use the Common Elements shall extend to not only each Unit Owner, but also to his
agents, servants, family members, and invitees. However, each Unit Owner shall have the
right to the exclusive use and possession of the Limited Common Elements contiguous to and
serving such Unit alone or with adjoining Units. Such rights to use the Common Elements,
including the Limited Common Elements, shall be subject to and governed by the provisions
of the Act, Master Deed, Bylaws and rules and regulations of the Association. In addition,
the Association shall have the authority to lease, grant concessions or grant easements with
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respect to parts of the Common Elements, subject to the provisions of the Master Deed ~nd
Bylaws..All income derived by .the Association from leases, concessions or other sources. ’:
shall be held and used for the benefit of the members of the Association, pursuant to such
rules, resolutions or regulations as the Board may adopt or prescribe. . .. ,.
(b) Roads and Sidewalks. All roads and adjacent sidewalks now .or
hereafter existing or built within the Parcel shall be Common Elements (except as otherwise
stated in this Master Deed or shown on the Plat) and are specifically for use by the Unit
Owners of .the Parcel, the Developer as described in Section ’5(e), and for Unit Owners of
Additional Phases for the purpose of access, ingress to, egress from the respective Units of
the Parcel and of Additional Phases and to the Community Facilities. Such rights shall
extend to agents, servants, family members, and invitees of the Unit Owners. No rights or
privileges to the use of such roads and sidewalks are intended to be extended to or
established here~y for the benefit of the general, public’ and the right to regulate traffic and
restrict speeds of motor vehicles of any kind .is expressly vested in the Association. The
Association, acting through its agents, employees and Officers, shall further have the
absolute .right, in its sole discretion, to deny or prevent entrance upon the Parcel and use of
all or any portion of the Common Elements by.persons other than Unit Owners, their agents,
servants, family members, and invitees. All forms of soliciting upon the Parcel and
Property are hereby prohibited and notice of such prohibition is hereby given.
(c) Parking Spaces. Parking spaces within the Parcel shall be part of the
Common Elements, and use may be regulated by the Board in its discretion.
(d) Ingress and Egress Easements. Developer hereby establishes perpetual
easements across now existing or hereafter constructed roads and other Common Elements
of the Parcel for the purpose of ingress and egress to the remainder of the Development
Property. Said easements shall be for the use and benefit of the Developer, its agents,
employees, contractors and subcontractors, and their respective agents and employees, and
II
the Unit Owners of the Additionai ~Phases and their agents, servants, family members and
inviteds, and shall run with and be binding uPon the Property. :.The easements established
herein-are for private use of the Developer and Unit Owners, their agents, servants, family
If¯ members and. invitees, and do not confer any rights whatsoever upon the general public.
the further Additional Phase is submitted to the provisions of the Act, Developer agrees to
establish similar ingress and egress easements on the further Additional Phase for the
benefit of the Parcel and Additional Phases. No ~asement established hereby shall be across
or through any Unit or Limited Common Elements.
9.. .(a) Additional Phases of The Cloister at St. Henry. Developer has
¯ previously submitted Phases IA and IB to the provisions. Of the Act and presently intends to
submit to the provisions of the Act its leasehold interest in an additional tract of real estate
("the further Additional Phase") lying in the Development Property by recording a plat Or
survey of such real estate .in the manner described in Section l(p) hereof, and a Master Deed
¯ therefor. Developer shall retain such easements for ingress and egress across the Parcel and
Property as are reasonable and necessary for Developer to complete construction of Units,
Common Elements and Limited common Elements within the further Additional Phase but
shall not have an easement through any Units or Limited Common Elements. Developer is
not obligated in any way to so submit any further portions of the Development Property to
the provisions of the Act, but agrees that the further Additional Phase shall be submitted
within ten (10) years from April 21, 1983. No portion of the Development Property shall in
any manner be encumbered by any restriction or agreement contained herein until the
further Additional Phase is submitted to provisions of the Act, and Developer reserves all.
available rights to develop the Development Property in any manner consistent with present
or future zoning requirements.
(b) Mutual Easements with Additional Phases. Developer presently intends
for certain Common Elements of Additional Phases such as roads, the nature walk, water,
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~sewer and other .utilities to tie into the roads, nature walk, water,~isewer and other utilities
of the Parcel iiTherefore, perpetual easements for all Additional Phases shall be reserved
¯ .across the Parcel for ingress, egress, .water, sewer, .drainage and other utilities and such
¯ easements shall be over and across the portions of the Parcel that contain the roads, nature
walk, water, .sewer and other utility lines, but not through any Buildings, Units or Limited
Common Elements. The perpetual easement for drainage from the Additional Phases shall
.be generally across the Parcel as the drainage naturally flows or is routed by drainage
facilities on the Parcel. "Further, general non-exclusive ingress and egress easements are
reserved across the Parcel but not through or acrossUnits, Buildings or Limited Common
Elements. Developer agrees that the Master Deed for the further Additional Phase shall
contain identical easements for the benefit of-the Parcel.
I0. (a) Common Expenses. Each Unit Owner shall pay his proportionate share
of the expenses of the administration and operation of the Common Elements (including the
Common Elements of all Additional Phases submitted to the Act) and Community Facilities
and of any other expenses incurred in conformance with the Master Deed and Bylaws (which
expenses are herein sometimes referred to collectively as ~common .expenses"), including,
but not limited to, the maintenance and repair thereof and any and all replacements and
additions thereto. Developer shall not be required to expend from its own funds directly any
sums of money for maintenance, replacements, or any other expenses of the administration
of the Common Elements, provided, however, Developer may, at his. option, advance such
sums to the Association which Developer in good faith deems reasonably necessary for
payment of such expenses, maintenance, and repl.acements or may pay directly the costs
thereof. In either event Developer shall be allowed a credit for such sums so advanced or
expended, such credit to be fully applied against any liability Developer has hereunder for
payment of his prorata or proportionate share of the common expenses as a Unit Owner.
The proportionate share of the common expenses for each Unit Owner shall be prorata as
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:i.each Unit bears to the total Units. Such¯ prorate or proportionate shares shallbe assessed as
one assessment collectively for all IJnit iOwners owning a :~Jnit. iPayment .of common
.... expenses, including any prepayment thereof required by. contract for a sale of a Unit,¯ shall
be in .such amounts .and at such times asdetermined in the ¯manner .provided in the Bylaws.
No Unit Owner shall be exempt from payment of his proportionate share of the common
expenses by waiver or non-use or enjoyment of the Common Elements or Limited Common
Elements, or by abandonment of his Unit. If any ~Jnit Owner shall fail or refuse to make any
such payment of the common expenses when due, the amount thereof, together with interest
thereon at the highest rate as may then.be permitted under the Idws of the State of
Tennessee, after said common expenses become due and payable, Shall constitute a lien on
the Unit owned by such Unit Owner and the interest .of such Unit Owner in the Property of
which the Unit is a part.
(b) Enforcement of Lien. For and in consideration of the privileges,
protections, mutual enjoyment and use of the Common Elements and the premises contained
herein, for the purpose of securing the payment of said lien indebtedness; rendering
unnecessary court proceedings for the enforcement of said lien in the event of the non-
payment of said indebtedness and payments thereof, as they become due, and for the
consideration of One Dollar ($1.00) paid in cash, receipt of which is acknowledged, the said
Unit Owners, their heirs, administrators, and. assigns, hereinafter referred to as trustors,
hereby transfer and convey unto Mark H. Westla]<e, Trustee, hissuccessors and assigns, the ¯
real estate described in Exhibit ~A", with the appurtenances, estate, title and interest
thereto belonging unto the Trus.tee for the following uses and trusts:
Trustors agree to pay their prorata share of common expenses when due, and
further agree to pay all taxes and assessments thereon, general or special, and to pay them
-when due, and, upon demand of said trustee or the lawful owner and holder-of said
indebtedness, to pay, discharge or remove any and all liens (except a first deed of trust)
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which may be hereafter .placed against the Property and which shall adve~sely affect the
lien .of this instrument or enforcement of the-terms and provisions hereof; to keep the
:improvements on said .Property in good repair and preservation, and in case the trustee, or
his successors .or-.the l~wful owner and holder of said indebtedness .shall hereafter be
required to appear in any court or tribunal to enforce, or defend the title to, or possession
of, said Property, or the lien of �his instrument, or appear in any court to prove the above
indebtedness, all the costs and expenses of such ~ppearance or.proceedings, together with a
reasonable attorney’s fee, shall be allowed, and be payable by trustors upon demand of the
trustee or lawful owner or holder of-said indebtedness, and, upon failure to do any of these
things, then said trustee, or the lawful owner and. holder of said indebtedness may do any or
all of these things and the amounts so paid shall bear interest from the date of payment at
the highest contract rate permitted by the laws of the State of Tennessee and shall be an~
become a part of the indebtedness secured hereby.
Now, if trustors shall pay their prorata share of the common expenses aforesaid
when due, and pay any and all sums when due, as aforesaid, then this trust conveyance shall
be of no further force or effect. But if said indebtedness, or any payment thereof, or
interest thereon, is not paid promptly when due, or if, failing to pay.said other sums when
due, as herein provided, trustors fail to reimburse the trustee, or lawful owner and holder of
said indebtedness, within thirty (30) days from date of such payment, this trust conveyance
shah remain in full force and effect, and the said trustee, or his successor in trust, is hereby
authorized and empowered, upon giving twenty (20) days’ notice by three (3) publications in
any newspaper, daily or weekly, published in Davidson County, Tennessee, to sell said
Property at the front door of the Courthouse in said County to the highest bidder for cash,
at public outcry, free from the equity of redemption, homestead, dower and all other
exemptions of every kind, which are hereby expressly waived; and the said trustee, or his .
successor in trust, is authorized and empowered to execute and deliver a deed to the
¸15
¯ purchaser,-but only if such purchaser satisfies: the requirements Of Section 18 hereof. :~he.
Association may bid at any sale under this trust conveyance;. TheTrustee may, at any time
aftei" default in the payment of any of said indebtedness, enter and take possession of said
Property, ~and shall only account for the net rents actually received by :him. It is further
agreed that, in the event the trustee fails, before selling said Property as herein provided, to
enter and take .possession thereof, the purchaser shall be entitled to immediate possession
thereof upon the delivery to him l~y the trustee df a deed for said Property. In ease of sale
hereunder, the proceeds will be applied by the trustee as follows:
I. -To the payment of all costs, charges and expenses of executing this
conveyance and enforcing said lien as herein provided; also reasonable attorneys’ fees for
advice in the premises, .or for instituting or defending any litigation which may arise on
account of the execution of this conveyance, or the enforcement of said lien; a]so the
expenses of any such litigation.
2. To the payment of all taxes which may be unpaid on said premises.
3. To the payment of all unpaid indebtedness herein secured, and any and
all sums expended in the protection of said property, as herein authorized.
4. The residue, if any, will be paid to trustors, their order, representatives
or assigns.
In case of the death, absence, inability, or refusal to act. of said trustee at any time
when action under the foregoing power and trusts may be required or for any other reason,
the lawful owner and holder of said lien is hereby authorized and empowered tO name and
appoint a successor to execute this trust by an instrument in writing to be recorded in the
Register’s Office for Davidson County, Tennessee, and the title herein conveyed to the
above named trustee shall be vested in said successor.
The word ~Trustors" when used herein shall apply to parties both singular and
pluraL
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" (c) First Deed of Trust Protection. The lien for common expenses payable
~by a Unit Owner shall be subordinate to the lien of a recorded first deed of trust on the "
interest of such Unit Owner, except for the amount of the proportionate share of common
expenses which become due and payable ~from and after, the date on whichthe mortgagee or
beneficiary thereunder either takes possession of the Unit encumbered thereby, accepts a ¯
conveyance of any interest therein (other than as security) or forecloses its deed of trust.
This subparagraph (c) shall not be amended, changed, modified o.r rescinded without the prior
written consent of all first mortgagees and beneficiaries of record.
(d) Additional Common Expenses. When the further Additional Phase :is
submitted to the provisions of the Act and additional members added to the Association, as
set forth in Section 9 hereof, the Board and Association shall also administer the Common
Elements of the further Additional Phase (as defined in the Master Deed for the Additional
Phase) and all Unit Owners of that phase so submitted to the provisions of the Act shall
contribute to the common expenses which shall become expenses of administration and
operation of the Common Elements of all such Phases (including Phases IA, IB and.IC) and
the Community Facilities, including, but not limited to, the maintenance, repair and
replacement thereof. Payments or contributions shall continue to be assessed by the Board
prorata as each Unit bears to the total Units of all phases submitted to the Act. The Board
shall continue to determine the amounts, times and manner of payments as provided in the
Bylaws.
II. Deeds of Trust. Each Unit Owner shall have the right, subject to the
provisions herein, to make separate deeds of trust for his respective Unit together with h~s
respective ownership interest in the Common Elements. No Unit Owner shall have the right.
or authority to make or create, or cause to be made or created, from the date hereof, any
deed of trust or other lien on or affecting the Property or any pa~t thereof, except only
the extent of his own Unit and the respective percentage interest in the Common Elements
corresponding thereto.
17
" .;12. Separate Real Estate Taxes. Real estate taxes shall be separately taxed to
each Unit Owner for his Unit and his corresponding percentage ofownership in the Common . . . ..
Elements, .as provided in the Act. .in the event that such taxes for any year are not.
separately taxed to each Unit Owner, but .rather are taxed on the Property as a whole, th~n " "
each Unit Owner shall pay his proportionate .share thereof in accordance with his respective
¯ percentage of ownership interest in the Common Elements, and, in said event, such taxes
¯ shall be a ¯common expense. ..J ..
13. .Insurance. The Board shall have the authority to and shall obtain insurance
for the Property, Common Elements, Limited Common Elements and Community Facilities,
exclusive of the additions within, improvements to .and decorating of the Units by the Unif
Owners and personal property of the Unit Owners within each Unit, against loss or damage
by fire, vandalism, malicious mischief and such other hazards as are covered under standard
extended coverage or "multi peril" provisions for the full insurable replacement cost of the
Community Facilities, Common Elements and Limited Common Elements, and against such
other hazards and for Such amounts as the Board may deem advisable. Insurable
replacement cost shall be deemed the cost of restoring the Community Facilities, Common
Elements and Limited Commbn Elements, or any part thereof to substantially the same
condition in which they existed prior to damage or destruction. Such insurance coverage
shall be written in the name of, and the proceeds thereof shall be payable to, the Board of
Managers of the Association, as the trustee for each of the Unit Owners in direct ratio .to
said Unit Owner’s respective percentage of ownership in the Common Elements, as set forth
in this Master Deed, and for the holder of a deed of trust on his Unit, if any. The policy of
insurance should also contain, if possible, a waiver of subrogation rights by the insuror
against individual Unit Owners. The premiums for such insurance shall be a common
expense. However, at the option of the Board, and upon written notice to all Unit Owners, . ...~
premiums for such insurance shall be separately billed to each Unit Owner for his Unit and
his corresponding percentage of ownership in the Common Elements .................. ~--... :.
Facilities are damaged .or dest~royed by .fire-or other .~ea~ualty and there are sufficient
.insurance proceeds available to the Board for repair and/or re )lacement ofthe Community
Facilities, repair or replacement shall be made at the discretion of the Board. In the event
-Damage to the Community Faci.lities. - .’ Ifi .the event the Community
:there are insufficient insurance proceeds available, repair or replacement shall be made only
after the vote of a majority of.all Unit Owners or members of the Association casting votes
in the manner described in the Bylaws. .
!(b) Damage to Buildings and/or Common Elements. In the event of damage
to or destruction of any Buildings, ¯Common Elements or Limited Common Elements as a
result of fire or other casualty cover.ed by insurance proceeds (unless more than two-thirds
(2/3) of any Building or Buildings requires reconstruction) the Board shall, in its discretion,
with the prior written approval of a majority of the mortgagees of the Units affected,
determine and, without intervention of any Unit Owner, arrange for the prompt repair and
restoration of the damaged portions of all Unitsl Buildings, Common Elements and Limited
Common Elements substantially in accordance with the original plans and specifications
therefor. Where the insurance indemnity is insufficient to cover .the cost of such repairs and
restoration, the deficit shall be paid bY all Unit Owners directly affected by the damage, in
proportion to each Unit’s percentage of ownership in the Common Elements. The Board
shall not be responsible for the repair, replacement or restoration of any wall, ceiling or
floor decora’tions or covering, or furniture, furnishings, fixtures, appliances or equipment
installed in the Unit by a Unit Owner or Occupant unless insurance therefor is specifically
provided for in the insurance policy obtained by the Board.
Reconstruction shall not be compulsory where the whole or more than two-thirds
(2/3) of all the Phase IC Buildings, Common Elements and Limited Common Elements are
destroyed or damaged by fire or other casualty, as determined by the Board. In such case,
and unless otherwise unanimously agreed upon by the Unit Owners and their mortgagees, the
19
insurance proceeds shall .be delivered to the Unit
. ... !!- ~ ~
Owners or .their .mortgagees, as their
interests may ~appear, in proportion to the percentage interest.of each Unit Owner in the ~.
:Common Elements; and the Board, as soon as reasonably possible and as agent for the Unit
Owners, shall sell :the Property, :in its then condition, free from the effect of this Master
Deed, which shall terminate upon such sale, on terms satisfactory to the Board, and the net
proceeds of such .sale and the net proceeds of all insurance POlicies shall thereupon be
distributed to .the Unit Owners or their mortgagees, as their interest may appear, in
proportion to the percentage interest of each Unit Owner in the Common Elements. If .the
Board fails to consummate a sale pursuant to this paragraph within twenty-four (24) months
after the destruction or damage occurs, then the Managing Agent, or the Board, shall, or if
they do not, any Unit Owner or Mortgagee may, record a sworn Declaration setting forth
such decision and reciting that under the provisions of this Master Deed the prohibition
against judicial partition provided for in this Master Deed has terminated and that judicial
partition of the Property may be obtained pursuant to the laws of the State of Tennessee.
Upon final judgment of a court of-compet.ent jurisdiction decreeing such partition, this
Declaration shall terminate.
The Board shall also have authority to and shall obtain comprehensive public
liability insurance, in such amounts as it deems desirable, and workmen’s compensation
insurance and other liability insurance as it deems desirable, insuring each Unit Owner,
mortgagee of record, if any, the Association, its officers, members of the Board and
employees, the Developer, and the Managing Agent, if any, from liability in connection with
the Recreation Facilities and Common Elemen.ts. The premiums for such insurance shall be
a common expense. However, at the option of the Board, and upon written notice to all Unit
Owners, premiums for such insurance shall be separately billed .to each Unit Owner for his
corresponding percentage of ownership in the Common Elements. The Board shall re_rain in
safekeeping any such public liability policy for twenty-three (23) years after the expiration
date of the policy.
2O
.. fl’he Board shall also ¯have .authority to and may obtain such insurance as it deems
¯ :desirable, in such amounts, .from such sources and in such ~forms::as it deems desiraSle~:
insuring the Property and each member o.f the Board -and officers of the Association, and ...
members of any committee appointed pursuant to the ¯Bylaws.of the Association from -
liability arising from the fact that said person is or was a member of the Board or .officer.of
the. Association, .or a member of such a committee. The Board shall require such fidelity
¯ bond coverage as necessary for any .person or Board member¯ handling Association funds.
The premiums for such insurance and bonds shall be a common expense.
Each Unit Owner shall be responsible for obtaining his own insurance on the
contents of his own Unit, as well as his additions and improvements thereto, decorations,
furnishings and personal property therein, and personal property stored elsewhere on the
Property. In addition, in the event a Unit Owner desires to insure against his personal
liability and loss or damage by fire or other hazards above and beyond the extent that his
liability, loss or damage is covered by the liability insurance and insurance against loss or
damage by fire and such other hazards obtained by the Board for all of the Unit Owners as
part of the common expenses,¯ as above provided, said Unit Owner may, at his option and
.expense, obtain additional insurance.
14. Maintenance~ Repairs and Replacements. Each Unit Owner, at his own
expense, shall furnish and be responsible for all maintenance of, repairs to and replacements
within his own Unit. Provided, however, the Board may choose to provide such maintenance
and repairs as part of the common expense. Maintenance of, repairs to and replacements
within the Common Elements shall be the responsibility of and shall be furnished by the
Association. The cost of maintenance of, repairs to and replacements within the Common
Elements shall be part of the common expenses, subject to the Bylaws, rules and regulations
of the Association. To the extent not covered by the Association’s insurance, the expenses
for the maintenance, repair or replacement of Limited Common ¯Elements shall be borne by
21
.:..i..,the owner of the Unit to which such Limited Common Elements-are appurtenant and at the
discretion of the Board~ "maintenance of, repairs ito-and .replacements within the .other
Limited Common Elements maybe assessed in whole or in part-to Unit Owners benefited
-thereby, and, further, at the discretion of the Board, the Board may direct Unit Owners who
-stand to be benefited by such maintenance of, repairs to and replacement within the Limited
Common Elements to arrange for such maintenance, .repairs and replacement in the name
and for the account of such benefited Unit Owners, pay the .cost thereof with their .own
funds, and .procure and deliver to the Board such lien waivers and contractors’ and
subcontrhctors’ sworn statements as may be required to protect the Property from all
mechanics’ or materialmen’s lien claims that maY arise therefrom. Anything herein to the
contrary notwithstanding, the Association shall control and pay for replacement of
shrubbery and plantings adjacent to the exterior front wall of each Unit, which shall be a
common expense. Maintenance of such shrubbery and plantings shall be the responsibility of"
each Unit Owner, and each Unit Owner must keep such shrubbery and plantings reasonably
maintained. Further, Unit Owners must reasonably maintain all plantings in the planters
adjacent to their patios. The Association shall have the authority~to provide such
maintenance (to the extent of a Unit Owner’s failure to provide the same) and assess the
cost thereof against such Unit Owner as above provided.
If, due to the act or neglect of a Unit Owner, or of his. agent, servant, tenant,
family member, invitee, licensee or household pet, damage shall be caused to the Common
Elements or to a Unit or Units owned by others, or maintenance, repair or replacement are
required which would otherwise be a common expense, ’ then such Unit Owner shall pay for
such damage or such maintenance, repair and replacements, as may be determined by the.
Association, to the extent not covered by the Association’s insurance or sufficient proceeds
are not collected from the insurance carrier.
The authorized representatives of the Associat!on, Boa~.d or of the Managing Agent
with approval of the ¯-Board shall be entitled to reasonable access to the individual Units and
Limited Common Elements as .may be required in connection with the preservation of"any
individual. Unit or Limited Common Elements in the event of an emergency, or in connection
with maintenance of, :repairs .or .replacements ~vithin the Common Elements, Limited
¯ Common Elements or anyequipment, facilities or fixtures affecting or serving other Units,
Common Elements and Limited Common Elements or to make any alteration required by any
governmental authority.
15.. IterationsI Additions or Improvements. Except as provided in paragraph 19
¯ herein, no alteration of any Common Elements or Limited Common Elements, or any
additions or improvements-thereto, except for required maintenance and replacement, shall
be made by any Unit Owner without the prior written approval of the Boa The Board may
authorize and charge as common expenses alterations, additions andimprovements of the
Common Elements as provided in the Bylaws. A Unit Owner may make alterations,
additions or improvements within the Unit of the Unit Owner without the prior written
approval Of the Board~ but such Unit Owner shall be responsible for any damage to other
Units, the Common Elements, the Property, or any part thereof, resulting from such
alterations, additions or improvements.
16. Decorating. Each Unit Owner, at his own expense, shall furnish and be
responsible for all decorating within his own Unit as may be required from time to time,
including painting, wall papering,, washing, cleaning, paneling, floor covering, draperies,
window shades, curtains, lighting and other furnishings and decorating. Each Unit Owner
shall be entitled to the exclusive use of the interior surfaces of the perimeter wails, floor
and ceilings of his Unit, and such Unit Owner shall maintain said interior surfaces in good
condition at his sole expense, as may be required from time to time. Said maintenance and
use of interior surfaces shall be subject to the rules and regulations of the Association, but.
23
¯ each such’ Unit Owner shall haVe .the right to decorate such interior surfaces from time to
.time as .he .may see .fit and at his sole expense. Decor~ting.-.of .the Common Elements,
Limited Common Elements (other than. the .interior .surfaces of the drywall -as above
,provided, interior doors and door frames located within a Unit~ pulldown stairs within a Unit,
and .automatic garage door openers), and any redecorating-of Units, to the extent such
redecorating of Units is made necessary by damage to Units caused by maintenance, repair
or replacement of the Common Elements by the Association, shall be furnished by the
Association as part of the common expenses. .
i7. Eneroaehments. ,If any portions of the Common Elements shall actually
encroach upon any Unit, or if any Unit shah actually eneroaeh upon any portions of the
Common Elements, or if any Unit shall actually encroach upon another Unit, as the Common
Elements and Units are shown by the Plat, .there shall be deemed to be mutual easements in
favor of the owners of the Common Elements and the respective Unit Owners involved, to
the extent of such encroachments, so long as the same shall exist.
18. ¯ Transfer of a Unit.
(a) ~nrestrieted. Transfers. Without restriction~ a Unit, or: any interest
therein, may be transferred by will or intestate succession to anyone who will become an
Occupant upon such transfer and who is fifty-five (55) years of age or older, or who will
attain such age within one (1) year after such transfer. If a Unit is so transferred by will or
intestate succession to a trustee of a trust, the beneficiary of the trust must be an Occupant
and must be fifty-five (55) years of age or older at the time of the transfer or within one (1)
year from suc.h transfer. Thereafter, during the continuance of the trust, all future
beneficiaries must remain Occupants who are fifty-five (55) years of age or older, and upon
termination of the trust, only an Occupant who is fifty-five (55) years of age at the time
may be the transferee of the Unit. Notice of any such unrestricted transfer shall be giv.en.....~.~ :
by the transferee to the Board within ten (I0) days following consummation of such transfer.
. a Unit Owner~
.. eo0 6675 ,, , ::1.97 .-
(b) Restriction on Leasing. No Unit, or interest therein, shall be leased by
Any lease made by a Unit Owner or Owners shall be voidable, at the option
of the Board and/or Developer, by giving five (5) day’s written notice to the Unit Owner(s)
and tenant.
(c) Restriction on Transfers. A Unit Owner may not sell, or otherwise
transfer his Unit, or any interest therein, to someone other than a person who will be an
:Occupant within.thirty (30) days .after the sale and who is fifty-five (55) years of age or
older at the time of the. transfer. (The purchaser¯ may be an indirect owner, e.g., where he is
the beneficiary of a trust holding legal title.) A Unit shall not be permanently occupied by
more than two (2) Occupants. If a Unit is owned or occupied by more than one (1) Occupant,
one (I) of the permanent Occupants must be at least fifty-five (55) years of age and the
other permanent Occupant must be at least twenty-one (21) years of age. Further, any
purchaser or purchasers of a Unit must certify to the Developer and to the Association prior
to the transfer that the Unit being purchased or transferred will be occupied by such
purchaser or purchaser as his, her or their principal.residence. Such purchaser or purchasers
must .further certify their dates of birth. A Unit Owner shall give to. the Developer and the
Association ten (10) days prior written.¯ notice of the proposed transfer, which notice shall
briefly describe the type of transfer proposed by the Unit Owner and shall state the name,
address and age or ages of the proposed transferee(s). Any transfer by a Unit Owner in
violation of any of the above requirements shall be voidable, at the option of the Association
and/or Developer.
(d) Sale to the Developer/Failure of Unit Owner to Sell to a Qualified
Purchaser. Provided a Unit Owner has:
(I) in the opinion of the Developer exerted reasonable efforts to
negotiate a sale of his Unit
above;
to a purchaser who satisfies the requirements of Section¯IS(c) ~ ~.
gg75¯.,(2) :has owned his Unit for at least mre~[~ryears; ana .... .."’
(3) obtained the Developer’s prior written consent to any alterations,
additions or improvements to the Unit or any Limited Common ’Elements appurtenant to
the Developer agrees to purchase the Unit owned .by such Unit Owner for cash equal to
eighty percent (80%) of its fair market value. "
In the event a Unit Owner dies and a transfer of a Unit will occur that will not be
an unrestricted, transfer as above described in Section 18(a), the Developer agrees-to
purchase the Unit for cash equal to eighty percent (80%) of its fair market value.
(e) Determination of Fair M~rket Value. The -fair market value of the
Unit, for the purpose of the immediately preceding paragraph, shall be.determined by an
M.A.I. appraiser mutually agreed upon by the transferring Unit Owner or the Unit Owner’s
executor or administrator and the Developer, and, in the event of no prompt agreement on
said appraiser, by a majority decision of three M.A.I. appraisers, one chosen by the.
transferring Unit Owner or his executor or administrator, one chosen by the Developer and
,the third chosen by the two appraisers. The cost of said appra~er or appraisers shall be paid
one-half (i/2) by the transferring Unit Owner or his executor or administrator and one-half
(1/2) by the Developer.
(f) Closing Procedure. The Developer may waive the above requirement of
three (3) year ownership in the event the Developer determines that such requirement would
cause the Unit Owner a hardship. The factors constituting a hardship shall be determined by
the Developer in its sole discretion. The Developer may either assume any deeds of trust
encumbering such Unit, provided the same are assumable and deduct the assumed balance of
such deed of trust from the cash due the Unit Owner, or in the alternative, the Developer
may pay in full all or any of such deeds of trust from the cash due the Unit Owner gt t_he .. *
closing of such Unit. Any other liens encumbering such Unit must be satisfied in full at the
26
.99time of ¯closing, either from the cash due at closing or from the separate funds of the Unit
¯ O~mer..l~urther, the title to ~id Unit must be marketableand i~surable at the normal risk
rate by a title insurance company chosen by the Developer. "The closing shall be determined
by the Developer but shall be within .ninety (90).days after a I!nit Owner notifies the
¯ Developer that such Unit Owner ¯desires to sell his Unit to the Developer under the above
.procedure or ninety¯(90) days following the death .of a Unit Owner. At closing, the Unit
Owner .or his executor, administrator or heirs shall deliver a warranty deed conveying the
Unit free from encumbrances, except those approved by the ¯Developer, and the Developer
shall deliver the cash purchase price computed in accordance herewith.
(g) Further Exceptions to Restricted Transfers.
(I) Holder of a First Deed of Trust. A transfer or lease of a Unit, or
interest therein, by the holder of any first deed of trust on a Unit which comes into
possession of the mortgaged Unit pursuant to remedies provided in such deed of trust, or
pursuant to foreclosure of such deed of trust, or pursuant to adeed (or assignment) in lieu of
foreclosure of such deed of trust, shall not be subject to the provisions of this paragraph 18.
Further, a sale at foreclosure by such holder of a first deed of trust.shall not be subject to
the restrictions of this paragraph 18. Such sale at foreclosure and/or a sale by the holder of
a first deed of trust which owns such Unit as a result of foreclosure or deed in lieu thereof,
as provided above, shall be subject to the rights of redemption hereinafter described.
(2) Right of Redemption. The Developer shall have the right, within
sixty (60) days following notice of a sale by the holder of a first, deed of trust who owns such
Unit as a result of a foreclosure or a deed in lieu thereof, as described in the immediately
preceding paragraph, and following a sale at foreclosure to a party other than the holder of
the first deed of trust, to purchase such Unit from such purchaser who receives a deed from
the holder of the first deed of trust, or who receives a deed from the trustee under such :.- .....
deed of trust. The sixty (60) day period shall commence upon notice to the Developer and
27
OOK6675 .’ E .200
the notice must be given by the. holder of the first deed of trust within ten (10) days"
following the date of the delivery of a deed to the purchaser from the trustee under the first
deed of trust or the holder of .a first deed of trust. Thenotice from the deed of trust holder
shall be accompanied by a copy of the executed deed to the purchaser and said notice shall
state the amount of the purchase price. The right of redemption may be exercised by the
Developer by giving notice to such purchaser at the address shown in the deed and the holder
of the first deed of trust (the "closing notice"). Closing shall o~.cur within ten (10) days from
the date the closing notice is given. At closing, the Developer~ shall deliver in cash the
amount of. the purchaser’s purchase price paid for the subject Unit, plus interest from the
date of the notice from the holder of the first deed of trust at the rate stated in the note
which was secured by the subject deed of trust, and the purchaser shall deliver.a general
warranty deed to the Developer. Any deeds of trust encumbering such Unit may either be
paid in full or assumed at the option of the Developer, and the balance of the deed of trust
or deeds of trust so assumed to be deducted from the cash due the Unit Owner at closing.
The cash paid at closing shall be used for payment of such deeds of trust, if elected by the
Developer, and further, for the payment of any other liens to the extent that there are
sufficient funds available from such cash.
(3) Right of Redemption and Right of Transfer Upon Default Superior
to Liens. The above right. Of redemption and rights in the event of default, as described in
paragraph 18(k), shall be superior to any and all liens of creditors of a Unit Owner, the
United States Government, and any agency or branch thereof, the Government of the State
of Tennessee, or any agency or department thereof, and the Metropolitan Government of
Nashville and Davidson County, Tennessee, or any agency or department thereof. The
interest of such creditors or other entities described above shall attach to the cash pa!.d at
closing to the extent any cash remains after payment of any superior dee.ds of trust on such
Unit.
28
.. ~(h) .Association’s Right to Purchase at a-Foreclosure Sale or Redemption
After Foreclosure. ~l’he :Board shN1 have the power .and authority to bid and purchase ~r
elect to redeem any Unit pursuant to the right granted in this paragraph 18, for and on
behalf of the Association, any Unit, or interest therein, at a sale .pursuant to a deed of trust
foreclosure, a .foreclosure of the lien for common expenses under the Act, or an order or
direction of a court, or at any other involuntary sale, upon the consent or approval of Unit
Owners owning not less than three-fifths (3/5) of the total votes of the Unit owners. Such
consent .shall set forth .a maximum price .in the ease .of ,a ~bid at foreclosure or other
involuntary sale which the Board or its duly authorized agent may bid and pay for said Unit.
(i) ’ Financing of Purchase by Association. The Board shall have authority
to make such mortgage arrangements and special assessments proportionately among the
respective Unit Owners, and other such financing arrangements as the Board may deem
desirable, in order to close and consummate the purchase or lease of a Unit, .or interest .
therein, by the Association. However, no such financing arrangement may be secured by an
encumbrance on any interest in the Property other than the Unit, or interest therein, to be
purchased or leased, and the percentage interest in. the Common Elements appurtenant
thereto.
(j) Sale of a Unit by the Association. The Association shall hold any Unit,
pursuant to the terms hereof, in the name of the Association, or a nominee thereof
delegated by the Board, for the sole benefit of all Unit Owners. The Board shall have the
authority at any time to sell said Unit on behalf of the Association upon such terms as the
Board Shall deem desirable, but in no event shall a Unit be sold for less than the amount paid
by the Association to purchase said .Unit unless Unit Owners .owning not less than three-
fifths (3/5) of the total votes of the Unit Owners first authorize the sale for such lesser
amount.
29
202
(k) Night of Developar to Cure Defaults. :.Developer reserves the right to .:
cure any default declm:ed under any fi~t deed of trust encumbering a Unit and all s~ch sums
,so ekpended shall be paid by the Unit Owner upon demand to the Developer. All such sums
so expended and not paid upon demand shall constitute a .gen in favor of the Developer upon
"the subject Unit. In the event the amount paid .by the Developer equals at least four (4)
monthly payments due under said deed of trust, the Developer shall, following failure of the
Unit Owner to reimburse the Developer .after d~mand therefo.r, have the right to elect to
¯ have the subject Unit transferred to the Developer. Upon notice to the Unit Owner, said
Unit Owner shall immediately execute and deliver a warranty deed conveying said Unit to
the Developer.
(1) Miscellaneous.
(I) All notices referred to or required under this paragraph 18 shall
be given in the manner provided in this Master Deed for the giving of notices.
(2) The provisions of .this paragraph 18 with respect to the
Association’s and Developer’s right of redemption shall be and remain in full force until
August 31, 2042.
(3) The Board may adopt rules and regulations, from time to time,
not inconsistent with the provisions of this paragraph 18, for the purpose of implementing
and effectuating said provisions.
(4) If any transfer or lease of a Unit is made or attempted without
complying with the provisions of this paragraph 18, such transfer or lease shall be voidable
at the option of the Association subject to each and all of the rights and options of, and
remedies and actions available to, the Association hereunder and Otherwise.
(5) In the event ~f any transfer of a Unit, or any interest therein, the
transferee shall be jointly and severally liable with the transferor for all unpaid assessments
of the transferor accrued and payable prior to the date of the transfer.
3O
203
-!9...Use and Occupancy Restrictions. :Subject to the provisions of the Bylaws, no
part of the Property may be used for purposes other than housing and. the relating common
purposes for which the P~.operty was designed and as allowed .by municipal zonin~ laws.
Each Unit or any two or more adjoining Units used together shall be used as a residence or
such other use permitted by this .Master Deed, and for no other purpose, except that
professional and quasi’professional people may use their r.esidence (not in violation of
municipal zonin~ laws) as a~ ancillary or secondary facility to an office established
elsewhere. The .foregoing restrictions as to residence shah not, however, be construed in
such manner as.to prohibit a Unit Owner from: ~a) maintainin~ his personal professional
library; (b) keeping his personal business or professional records or accounts~ or (c) handlin~
his personal business or professional telephone, calls or correspondence. Such uses are
expressly declared customarily incident to the principal residential use and not in violation
of said restrictions or municipal zoning law.
The Common Elements shah be used only by the Unit Owners and their agents,
servants, family members~ and invitees for access, ingressto and e~ress from the respective
Units and for such other purposes incidental to use of the Units; provided, however, any
areas designed for a specific use shall be used for the purposes approved by the Board. The
use, maintenance and operation of the Common Elements shah not be obstructed, damaged
or unreasonably interferred with by any Unit Owner, and shall be subject to any lease,
concession o.r easement, presently in existence or entered into by the Board at some future
time, affecting any part or aH of said Common Elements.
No Unit may be permanently occupied by more than two (2) persons, one of whom
must be at least fifty-five (55) years of age and the other of whom must be at least twenty-
one (21) years of age. At least one (1) permanent Occupant of each.Unit must be the Unit
Owner (either directly or indirectly, e.g., the beneficiary of a trust owning the Unit). The
factors constituting a permanent or semi-permanent basis shah be as determined by the
31
¯ Developer for two (2) years from the date hereof and thereafter:, by the ¯Board in its sole
discretion. The gmit upon the number of persons perma~{ently .occupying a Unit may: be
waived by the Developer for a period, of-two (2) years .from the date hereof and thereafter..
by the Board upon a determination by the. Developer .or the Board, as the case may be, of a
hardship situation, which determination .is to be in the sole discretion of the Developer. or
the Board, as the case may be.
20. Remedies. In the event of any vi61ation df the provisions of the Act, Master
Deed, Bylaws or rules ~nd regulations of the Board or Association by any Unit Owner, the
Association, or its successors or assigns, or the Board, or its agent, shall have each and all of
the rights and remedies which may be provided for in the Act, Master Deed, Bylaws, or said
rules and regulations, or which may be available at law or in equity, and may prosecute an
action or other proceeding against such defaulting Unit Owner and/or others for
enforcement of any lien and the appointment of a receiver for the Unit and ownership
interest of such Unit Owner, or for damages or injunction or specific performance, or for
judgment for payment of money and collection thereof, or the right to take possession of the
Unit and to sell the same as provided in paragraph 10(b) and as provided hereinafter in this
paragraph 20, or for any combination of remedies, or for any other relief. All expenses of
.the Board in connection with any such actions or proceedings, including court costs and
attorneys’, fees and other fees and expenses and all damages, liquidated or otherwise,
together with interest thereon at the highest rate of interest permitted under the laws of
the State of Tennessee until paid, shall be charged to and assessed against such defaulting
Unit Owner, and shall be added to and deemed part of his respective share of the common
expenses, and the Board shall have a lien for all of the same, as weil as for nonpayment of
his respective share of the common expenses, upon the Unit and ownership interest in the
Common Elements of such defaulting Unit Owner and upon all of his additions and
improvements thereto and upon all of his personal property in his Unit or located elsewhere
on-the .Property, .provided, however, ~that .such lien shall be subordinate to the lien Of a
.recorded first deed of trust on the interest of Such tJnit Owner, :except for the amount of
the proportionate .share of said common expenses which become due and payable from and.
after the date on which the said deed of trust owner or holder either takes possession of the
Unit, accepts a conveyance of any interest therein (other than as a security) or files suit to
.foreclose its deed of trust. In the event of any such default by any Unit Owner, the Board
and the manager or. Managing Agent, if so authorized by the B0ard,.shall have the authority
do correct such default, and to do whatever .may be necessary for such purpose and all
expenses in connection therewith shall be charged to and assessed against such defaultin~
Unit Owner. Any and all such rights and remedies may be exercised at any time and from
time to time, cumulatively or otherwise, by the Board. This paragraph shall not be
amended, changed, modified or rescinded without the prior consent of all holders of record
of mortgage and deed of trust liens against Units.
The violation of any restrictionor condition or regulation adopted by the Board or
the breach of any covenant or provision herein contained, shall give the Board the right, in
addition to any other rights provided for in this MasterDeed; (a) to enter (either peaceably
or forceably without liability to such Unit Owner for such entry) upon the Unit, or any
portion of the Property upon which, or as to which such violation or breach exists and to
summarily abate and remove, at the expense of the defaulting Unit Owner, any structure,
thir~ or condition that may exist thereon contrary to the intent and meaning of the
provisions hereof, and the Board, or its employees or agents, shall not thereby be deemed
guil~.y in any manner of trespass; or (b) to enjoin, abate or remedy by appropriate legal
proceedings, either at law or in equity, the continuance of any breach; or (c) to take
possession (either peaceably or forceably without liability to such Unit Owner for such
entry) of such Unit Owner’s interest in the property and to maintain an action for possession
of such unit in the manner provided by law.
33
" If any Unit Owner .;(either by his own conduct or .by the Conduct :of .any other
occupant of ;his ¯Unit) shall violate the Act, .or any of ;the covenants or restrictions ~r
provisions of this Master ¯Deed or the regulations adopted by the Board,.and .if such default
¯ or violation shall continue for ten (I0) days after notice to the Unit Owner in writing from
the Board, or shall occur repeatedly during any ten (I0) day period after such written notice
.or request to cure such violation from the.Board, then the Board shall have the power to
issue .to said defaulting Owner a notice in writing terminating the rights of the said
defaulting Owner to continue as a Unit-Owner and to continue to occupy, use or control his
Unit, and thereupon an action in equity may be filed by the Board against said defaulting
Owner for a decree of mandatory injunction against such defaulting Owner or Occupant, .or
in the alternative, for a decree declaring the termination of said defaulting Owner’s right to
occupy, use or control the Unit owned by him on account of said violation, and ordering that
all the right, title and interest of.said defaulting Owner in the Property shall be sold (subject
to the lien of any existing deed of trust or mortgage) at a judicial sale upon such notice and
terms as the court shall determine, except that the court shall enjoin and restrain the said
defaulting Owner from reacquiring his interest at such judicial sale. The proceeds of any
such judicial sale shall first be paid to discharge court costs, court reporter charges,
reasonable attorneys’ fees and all other expenses of the proceeding and sale, and all such
items shallbe taxed against said defaulting Owner in said decree. Any balance of proceeds,
after satisfaction of such c~arges, and any unpaid assessments hereunder or any liens, shall
be paid to said defaulting Owner. Upon the confirmation of such sale, the purchaser shall
thereupon be entitled to a deed to the Unit and the Unit Owner’s corresponding percentage
of ownership in the Common Elements, and to immediate possession of the Unit sold and
may apply to the court for a writ of assistance for the purpose qf acquiring such possession,
and it shall be a condition of any such sale, and the decree-shall so provide that the
purchaser shall take the interest in the Unit Ownership sold subject to this Master Deed.
34
20?
’In addition to the other remedies provided for herein, in the event of a defaultby a
~Unit OwneP in the payment of such Unit Owner’s respective share of the common expenses
which default o0ntinues for a period of ninety (90) days, the Board shall have the power and
.authority to place such Unit Owner,s name on a list of delinquent Unit Owners, which list
may be posted in the Multi-Activity Center which is a part of the Community Facilities at a
.place designated by the Board for notices.
21. Amendment. The provisions of this Master deed.may be changed, modified or
rescinded by an instrument in writing, setting forth such change, modification or rescission, .
signed by Unit Owners owning not less than¯ two-thirds (2/3) of the total Units and
acknowledged, provided, however, that all lien holders of record have been notified by
certified mail of such change, modification or rescission, and an affidavit by the secretary
of the Association certifying to such mailing is made a part of such instrument.
However, if the Act, the M~ster Deed or the Bylaws require the consent or
agreement of all Unit Owners or of all lien holders for any action specified in the Act or in
this Master Deed, then any instrument changing, modifying or rescinding any provision of
this Master Deed with respect to such action shall be signed by all the Unit Owners or all
lien holders or both as required by the Act or this Master Deed. The change, modification or
rescission, whether accomplished under the provisions of the preceding paragraph, shall be
effective upon recording of such instrument in the Office of the Register of Deeds for
Davidson County, Tennessee; provided, however, that no provision in this Master Deed may
be changed, modified or rescinded so as to conflict with the provisions of the Act.
22. Notices. Notices ¯provided for in the Act, Master Deed or Bylaws shall be in
writing, and shall be addressed as hereinafter described:
If to the Association or Board:
The Cloister Owners’ Association6401 Harding Road ¯ - " -Nashville, Tennessee 37205
35
If to the Developer:
St. Henry’s Property Development, Inc.6401 Harding RoadNashville, Tennessee. 37205
Notices sent to a Unit Owner shall be sent to the Unit.
-.+BOO+:I~S?SPt~E .208 .
The Association or Board may
designate .a different address or addresses for notices to them, respec.tively, by giving
written notice of such change of address to all Unit Owners. Any Unit Owner. may designate
a different address for notices to him by giving written notice to the Association. Notices
addressed as above shall, be deemed delivered when mailed by United States registered or
certified mail, or when delivered in person with written acknowledgment of the receipt
thereof.
Upon written request to the Board, the holder of any recorded mortgage or trust
deed encumbering any Unit shall be given a copy of all notices permitted or required by this
Master Deed to be given to the Owner or Owners whose Unit is subject to such-m0rtgage or
trust deed.
23. Severabili~y. If any provision of the Master Deed or Bylaws, or any section,
sentence, clause, phrase, word, or the application thereof in any circumstance, is held
invalid, the validity of the remainder of this Master Deed and the Bylaws and of the
application of any such provision, section, sentence, clause, phrase or word in any other
circumstances shall not .be affected thereby and the remainder of this Master Deed or the
Bylaws shall be construed as if such invalid part was never included therein.
24. Gender. Use of the words ’~is" or "her" herein are. made without regard to
gender, and the use of any gender shall be applicable to all genders.
25. Singular and Plural. Whenever used, the singular shall include the plural and
the plural the singular. - .....
26. Perpetuities and Restraints on Alienation. If any of the options, privileges,
covenants or rights created by this Master Deed shall be unlawful, void or voidable for
36
violation-.of the ¯ruleagainst .perpetuities, then such provision shall continue only until
twenty-one (21) years after the death of the survivor of the now living descendants of the
President ¯ of the United ....States, Ronald Rea~.an, .and Governor of Tennessee,
Lamar Alexander.
27. .Rights and Obligations. Each Grantee of the Developer, by the acceptance of
a deed of conveyance, accepts the same subject to all restrictions, eonditions,.eovenants,
reservations, liens and charges, and the jurisdiction, rights and powers ereated or reserved
by this Master Deed. All future Unit Owners and Occupants.shall be subject to and shall
comply with the provisions of this Master Deed. -Any restrictions or rules in the Bylaws
which are more than administrative in nature such as, but not limited to, reservations and
future rights of the Developer, are hereby ine0rp.orated into and made a part of this Master
Deed by reference. All rights, benefits and privileges of everycharacter hereby imposed
shah be deemed and taken to be covenant.s running with the Property, and shah bind a.ny
person having at any time an interest or estate in said land, and shall inure to the benefit of
such grantee in like manner as though the provisions of this Master Deed were recited and
stipulated at length in each and every deed of conveyance or contract for conveyance.
All present and future Unit Owners and Occupants of a Unit shah be subject to, and
shall comply with, the provisions of the Bylaws as they may be amended from time to time.
The acceptance of a deed of conveyance, devise or the entering into occupancy of any Unit
shall constitute an agreement that the provisions of the said Bylaws and any rules and
regulations promulgated thereunder, as they may be amended from time to time, are
assumed, accepted and ratified by such Unit Owner or Occupant, and all of such provisions
shall be deemed and taken to be covenants running with the Property and shall bind any
person having at any time any interest or estate in such Unit, as though such provisions were
recited and stipulated at length in each and every deed, conveyance or lease thereof.. .....
The terms .and conditions of the Master Deed, Bylaws andV~0~’----Si:~[rules and regulations may ....
be :incorporated by reference .in, and become part of, the agreement between any first
.mortgagee and any present or future Unit Owner who enters into such an agreement with a
~.first mortgagee. When so incorporated, any .default :in the terms and conditions of the
Master Deed, Bylaws and rules and regulations may be considered as a default by the first
mortgagee, whereupon said first mortgagee, after exercising its option to declare a default,
shall then have all of the..rights and privileges arising as a result of a defaultunder its
agreement .with said Unit Owner.
28, Trustee as Unit Owner. In the event title to any Unit is conveyed to a land
title holding trust, under the terms of which.all powers of management, operation and
control-of the Unit remain vested in the trust beneficiary or beneficiaries, then the
beneficiaries thereunder must be Unit Owners and will be considered the same for all
purposes and they shall be responsible for payment of all obligations, liens, or indebtedness
and for the performance of all agreements, Covenants and undertakings chargeable or
created under this Declaration against such Unit. No such conveyance to a trust or trustee
shall be made unless the mandatory requirements of Section 18 are complied with. No claim
shah be made against any such title holder trustee personally for payment of any lien or
obligation hereunder created and the trustee shall not be obligated to sequester funds or
trust property to apply in whole or in part against such lien or obligation. The amount of
any such lien or obligation shall continue to be a charge or lien upon the Unit and the
beneficiaries of such trust, notwithstanding any transfers of the beneficial interest of any
such trust or any transfer of title to such Unit. No transfer of any beneficial interest of any
such trust shall be made unless the rriandatory requirements of Section 18 are complied with.
29. Condemnation. In the event of a taking in condemnation or by eminent
domain of a part of the Common Elements, the award made for such taking shall be.payable
to the Board for and on behalf of the Association and all mortgagees-affected. If a majority
of .the Board in the~’ discretion, -~ith written consent .of .a majority Of the mortgagees
affected, .approve the repair ~andrestoration of such Common Elements, the Board shall
.arrange for ,the repair and restoration of such Common Elergents, and the Board shall
disburse the proceeds .of such award .to the .contractors engaged in such .repair and
-restoration in appropriate progress payments. In the event that the Board and the
Mortgagees do not approve the repair and commence restoration of Such Common Elements
within one hundred twenty .(120) days after taking by the public or private authority, the
Board shall disburse the net proceeds of such award on the basis of such Unit’s percentage of
ownership in the Common Elements to the Unit Owners and the Mortgagees as their
inter,rots may appear. ¯
30. Rights .Reserved. The Unit Owner’s right of enjoyment in the Common
¯ Elements and Community Facilities as herein created shall be subject to:
(a) The ri~ht of-the Association, as provided in its Bylaws, to suspend the
enjoyment rights of any member for any period during which any assessment .remains unpaid,
and for such period as it considers appropriate for any infraction of its published rules and
regulations; and
The right of the Association to charge reasonable fees for the use of
the parts of the Common Elements; and
(c) The right of the Association to diminish in any way or to dedicate or
transfer all or any part of the Common Elements to any public agency or authority for suc, h
purposes and subject to such conditions as maybe agreed to by the members entitled to vote
thereon, provided that no such diminution or dedication or transfer, determination as to the
purposes or as to the conditions thereof, shall be effective unless the Developer (his
successors or assigns) and members of the Association entitled to cast ninety percent (90%) .---.
of the total votes of all classes of .members entitled to vote has been recorded, agreeing to .. :..:.:.~
such dedication, transfer, purpose or condition; and
39
(d) The right of the Association to grant such easements and rights-of,way
to such utility companies or public agencies or authorities as it shall deem necessary for the
proper servic!ng.and maintenance of the:Common Elements and.the individual Units.
31. Federal National Mortgage Association ¯ Regulations. Notwithstanding
anything to the contrary contained in this Master .Deed or in the Bylaws, all terms,
conditions and regulations which are now existing, or which may be amended from time to
time, by the Federal National Mortgage Association ("FNMA"). pertaining to condominiums
are hereby ~incorpora.ted as terms and conditions .of the Master Deed and Bylaws and such
shall be governing upon the Propertyl the Developer, and the Association, so long as such
terms or conditions are not inconsistent with the laws of the State of Tennessee as found in
Tennessee Code Annotated, Section 64-2701, et__~. ~ as amended.
Specifically, without limitation upon the foregoing, the following declarations shall
be fully effective and controlling over any terms of the Master Deed or Bylaws which are in
conflict. Any portions of such Master Deed or Bylaws which are in conflict with this
paragraph, or any portion .of FNMA regulations pertaining to condominiums, are hereby
deleted and the following rights of mortgagees are itemized as follows:
(a) A first mortgagee under a condominium unit at his request is entitled to
written notification from the Association of any default by the mortgagor of such Unit in
the performance of such mortgagor’s obligations under the Master Deed, Bylaws, or any of
the condominium documents, which is not cured within sixty (60) days.
(b) Any first mortgagee of a condominium Unit who comes into possession
of the Unit pursuant to the remedies provided in the mortgage, deed of trust, foreclosure of
the mortgage or deed of trust, or deed in Lieu of foreclosure shall take the property free of
any claims for unpaid assessments or charges against the mortgaged Unit, which accrue
prior to the time such holder comes into possession of the Unit.
4O
(c) Unless two-thirds (2/3) Of the .first mortgagees and one hundred percent
(100%) of all institutional first mortgagees .(based upon One. (1):vote for each ~mortgage
owned), or owners (other .than .the Developer) of condominium .Units have given their prior
written approval, the Association shall not be entitled to:
(i) change the percentage interests of ownership of .all or any
condominium Unit or Unit Owners.
(2) Partition or subdivide any Unit or the Common Elements.
(3) By act or omission seek to abandon the horizontal property regime
of the Property, or encumber, sell or transfer, the Common Elements, .except for the
granting of an easement for public utilities or for other public purposes consistent with the
intended use of the Common Elements.
(4) Use hazard insurance proceeds for losses to any condominium
Property (whether to individual Units or Common Elements) for other than the repair,
replacement, or reconstruction of such improvements, except as provided by Tennessee
Code Annotated, Section 64-2718, in case of substantial loss to the Units and/or Common¯
Elements to the condominium project.
(d) First mortgagees shah have the right to examine the books and records
of the Association and/or the condominium project, and shall further be entitled, upon
written request, to a financial statement of the Association for the immediately preceding
fiscal year.
(e) An adequate reserve fund for maintenance, repair and replacement of
Common Elements which must be replaced on a periodic basis.will be established and funded
by regular monthly payments rather than by special assessments.
(f) As set forth in Tennessee Code Annotated, Section 64-2720, all taxes,
assessments and charges which may become liens prior to the first mortgage under the laws
of the State of Tennessee shah relate only to the individual condominium Unit and not to the
condominium project as a whole.
41
(g) , No Unit :Owner, or any other party shall have priority over any rights of
.the first mortgagees of condominium Units and/or Common Elements.
(h) Any agreement for professional management of the condominium
project, whether it be by the Developer, its successors and assigns, or any other person or
entity, may be terminated without cause, and/or penalty upon ¯ninety (90) days’ written notice
and the terms of any such contract shall so provide and shall not be of a duration in excess
of four (4) years.
(̄i). Upon written request to .the Association identifying the name and
address of the holder of any first deed of trust and/or FNMA and the subject Unit number or
address, any such holder and/or FNMAwill be entitled to ¯timely written notice of:
(I) Any condemnation¯ loss or any casualty loss which affects a
material portion of the Property or any Unit estate on which there is a first mortgage held,
insured, or guaranteed by such eligible mortgage holder or eligible insurer or guarantor, as
applicable;
(2) Any delinquency in the payment of assessments or charges owed
by an owner of a Unit estate subject to a first mortgage ~held, insured or guaranteed by such
eligible holder or eligible insurer or guarantor, which remains uncured for a period of sixty
(60) days;
(3¯) Any lapse, cancellation or material modification of any insurance
policy or fidelity bond maintained by the Association;
(4) Any proposed action which would require the consent of a
specified percentage of mortgage holders.
(j) The interest of a first mortgagee in a mortgaged Unit shall be superior
to the interests of any other person, group, partnership, corporation or entity of any kind,
including any interest the Board, the Developer or any Unit Owner may have in any portion ...~
of the premises, regardless of the nature of the interest or the manner in which it is
acquired. ¯
42
(k) .Notwithstanding the above, any first mortgagee, shall have all of the
rights granted to a £irst mortgagee herein, and in addition shallhave all of the rights
granted to an institutional first mortgagee under its Deed of Trust, and under the laws of
the State of Tennessee.
this
-IN WITNESS WHEREOF, the undersigned Developer has executed this Master Deed
¯"I~ day of October, 1985.
sT. HENRY’S PROPERTY DEVELOPMENT, INC.
~ - Treasurer
STATE OF TENNESSEE )COUNTY OF DAVIDSON)
Before me, the undersigned, a Notary¯ Public in. and for the State and County
aforesaid, personally appeared James O’Hara, with whom I am personally acquainted (or
proved to me on the basis of satisfactory evidence), and who, upon oath, acknowledged
.himself to be the Treasurer of St. Henry’s Property Development, Inc., a-Tennessee
corporation, and who acknowledged that executed the foregoing instrument for the purpose
therein contained by signing the name of the corporation by himself as Treasurer~ ~.:,~ ¯ . /
WITNESS my hand and official seal at Nashville, Tennessee, thi~~’"~.~.~
~-~.e ,,--~ 4.~e..~ , 1984.
My commission expires:
43
TABLE OF CONTENTS
Section
MASTER DEED
FOR
THE CLOISTER AT ST. HENRY,
PHASE IC
¯ (A Horizontal Property Regime)
Title Page No.
1
2
3
4
5(a)
5(b)
SCe)
6
7(a)
7(b)
8(a)
8(b)
8(c)
8(d)
Definitions
Submission of Property to the Act
Plat
Units
Association Of Unit Owners and Administration and Operationof the Property
Management of the Property
Initial Management Contract
Apartments for. Building Personnel
Use by Developer
Non-Liability of the Directors, Board, Officers and .Developer
Board’s Determination Binding
Ownership of the Common Elements
Ownership of the Community Facilities
General Use of the Common Elements
Roads and Driveways
Parking Spaces
Ingress and Egress Easements
2
6
6
6
7
8
8
8
8
9
9
9
10
10
11
.11
11
9(a)
9(b)
10(a)
lO(b)
10(e)
10(d)
ll
12
13
13(a)
13(b)
14
15
16
17
18
18(a)
18(b)
18(c)
iS(d)
18(e)
is(f)
iS(g)
iS(g)(1)
lS(~)(2)
iS(g)(3)
BODKGG’~5 p.~GE
Additional Phases of The Cloister at St. Henry
.Mutual Easements with Additional Phases
Common Expenses
Enforcement of Lien
First Deed of Trust .Protection
Additional Common Expenses
Deeds of Trust
Separate Real Estate Taxes
Insurance
Damage to the Community Facilities
Damage to Buildings and/or Common Elements
Maintenance, Repairs and Replacements
Alterations, Additions or Impro.vements
Decorating
Encroachments
Transfer of Unit
Unrestricted Transfers
Restriction on Leasing
Restriction on Transfers
Sale to the Developer/Failure of Unit Owner to Sell to aQualified Purchaser
Determination of Fair Market Value
Closing Procedure
Further Exceptions to Restricted Transfers
Holder of a First Deed of Trust
Right of Redemption
Right of Redemption and Right of Transfer Upon DefaultSuperior to Liens
2
21712
12
13
17
17
17
18
18
19
19
~.1
25
25
26
26
27
27
27
28
18(h)
~8(i)
18(j)
18(k)
1~(1)
19
20
21
22
23
24.
25
26
27
28
29
-30
31
Association’s Right to Purchase at a Foreclosure Sale orRedemption After Foreclosure
Financing of Purchase by Association
Sale of a Unit by the Association
Right of Developer to Cure Default
Miscellaneous
Use and Occupancy Restrictions
Remedies
Amendment
Notices
Severability
Gender
Singular and Plural
Perpetuities and Restraints on Alienation
Rights and Obligations
Trustee as Unit Owner
Condemnation
Rights Reserved
Federal National Mortgage Association
215
29
29
29
30
30
31
32
35
35
36
36
36
36
37
38
38
39
40
220
A parce! .of land in the First Civil District of Davidson County, Tennessee, and~eing more particularly described as follows:
Be~nning in the westerly margin of Vaughn’s Gap. road at a point southwesterly1,375.00 feet from the southerly margin of U. S. Highway 70S; thence, with said margin of
iVaughn’s Gap Road as follows: south .05 de~ees 12 minutes west, 576.24 feet to a point;southwesterly with a curve to the left, 223.96 feet, said curve having’ a central angle of 04degrees 25 minutes and a radius of 2,905.29 feet toa point; south 00.degrees 47 minuteswest, 119.64 feet to a point in the northerly line of SectionTwo, Warner Park Valley, ofrecord in Plat Book. 3600, Page 20, Register’s Office for Davidson County, Tennessee;thence, leaving said margin of road, north 84 degrees 45 minutes west, 190.00 feet to apoint; thence, north 82 degrees 17 minutes west, 276.70 feet to a point; thence, north 09degrees 30 minutes west, 280.00 feet to a point; thence, south 87 degrees 30 minutes west,85.00 feetto-a point; thence, north 02 degrees 30 minutes west, 85.00 feet to a point;thence, north 87 degrees 30 minutes east, 84.90 feet to a point; thence, northeasterly with acurve to the right, 155.00 feet, said curve having.a central angle of 42 degrees 17 minutes31 seconds, a radius of 2i0.00 feet and a chord of 151.51 feet at north 29 degrees 40 minutes31 seconds east, to a point; thence, north 34 degrees west, 80.00 feet to a point; thence,north 58 degrees 21 minutes east, 205.00 feet to a point; .thence, north 15 degrees 1.3minutes west, 60.00 feet to a point; thence, north 67 degrees eest, 120.00 feet to a point;thence, north 44 degrees 28 minutes east, 150.00 feet to a point; thence, south 84 degrees 48minutes east, 175.11 feet to the point of be~nning, containing 9.37 acres, more or less.
Being part of the-property conveyed to The Most Reverend William L. Adrian,Bishop of the Roman Catholic Diocese of Nashviile~ by deeds from Henry Neuhoff, of recordin Deed Book 2743, Page 71, and Book 3499, Page 292, Register’s Office for DavidsonCounty, Tennessee.
(PART If)
. SURVEYOR’S DESCRIPTION
THE CLOISTER AT ST. HENRYPhase .I-B
A parcel of l~nd in the First Civil District of Davldson County, Tennessee,and being more ¯particularly described as fol’|ows:
For point of beginning, start in the westerly margin of Vaughn~s Gap Road ata point southwesterly 1,375 feet from the Southerly marginof U. S.Highway 70, South, and;
Thence, N 84°. 48’ W, 175-11 feet to a point; the point beginning fo~ thesubject tract and an.exterior corner of Phase I-A of Lot No~. 2, TheCloister at St. Henry of record in Plat Book 5200, Page.656,R.O.D.C.,
Tennessee;
Thence, with the boundary of said Phase I-A as fo11.~ws: ..
S 44°-28’ W, i50.00 feet to a point;S 6~ 00’ W, 120.00 feet to a point;S l~° 13’ E, 60.00 feet to a point;S 58° 21’ W, 205.00 feet to a point;S 340 00’ E, 80.00 feet to a point;Southeasterly, .with a Curve tO the left, 155.01 feet to a point, saidcurve having a central .angle of 42° 17’ 31" and a radius of 210.00
feet;S 8?° 30’ W, 84.90 feet to.a point;S 02° 30’ E, 8S.00 feet to a point; -.N 8~ 2B’ E, 85.00 feet to a point;
Thence, S 09° 30’ E, 280.00 feet to a point in the.con~non boundary with theNashville Jewish Conxnunity Center tract; .
l~aence, with said common boundary N 82° 171 W, 202.77 feet to apoint;
Thence, continuing with said common boundary N 81° 09’ W, 295.00 feet to a
-point;
Thence, H 29O 03’ E, 225.48 feet to a point;
Thence, N 63° I0’ W, 76.22 feet to .a point;
Thence, N 3-2° 41’ E, 138.47 feet to a point;
¯Thence, N II° 03’ E, 125.21 feet to.a point;
Thence, N O~:} 17’W,.143-73 feet to a point;
Thence, N 05° 40’ E, 112.16 feet to a point;.
Surveyor’ s .DescriptionPage Two 222
Thence, S 85° 06’ E, 91.03 feet to a point;
Tl~ence, N 16° ~4’ E, 131.45 feet to a point;
Thence, N 420 08~ W, 109.37 feet to a point;
¯ Thence, N 56° 54’ E, 225.63 feet tO a point;
.TheCce, S .89° 18’ E, 255.00 feet to a point;
Thence, S 44° 13’ E, 358.55 feel: to the point of beginning.
Excluding from the above description, a con~non area for the proposed clubhousefacilities within the subject tract, beginning at a point S 51° 38’ W, 398.39
feet from the Phase I-B tract point of beginni.ng;
Thence, S 53° 42’ W, 227.36 feet to a poin.t;
Thence, N 6° 43’ W, 47.57 feet to a point;
Thence, N 07° 45" E, I14.46 feet to a point;
Thence, N 43° 581 W, 96.04 feet to a point;
Thence, S 48° 16’ E, 45.50 feet to a point;
Thence, S 48° .16’ E, 97.50 feet to the point of beginning.
Containing 0.50 acres, more or less, to be excluded from the subject tract;
Therefore, Phase I-B .tract Containing I|.30 acres, more or less, and being apart of the property conveyed tO the Most Reverend.William L. Adrian, Bishopof the Bn~an Catholic Diocese of Nashville, by deeds from Henry Neuhoff, ofrecord in Deed Book 2743, Page 71 , and Boor 3499, Page 292, Register’s Officefor Davidson County, Tennessee.
The above-described property is subject to such facts as an accurate titlesearch may disclose.
BARGE, WAGGON.ER, SUMNER AND CANNON
File No. 7679-03Septe~aber 7, 1983Revised February 21, I~8~
SURVEYOR’S DESCRIPTION
ST. HEWRY’S RETIREMENT COMMUNITYPhase I (Overall)
A parcel of land in the First Civil District of Davidson County, Tennessee, andbeing mbre particularly described as follows:
Beginning .in the westerly margin Of Vaughn’sGap Road at a point southwesterly1,375.00 feet from the southerly margin of U. S. Highway.70S;
Thence, with said margin of Vaughn’s Gap Road as follows ’
S 5~ 12’ W~ 576.24 feet to a point;Southwesterly with a curve to the left, 223.96 feet, said curve
baying a central angle¯ of 4° 25’ and a radius of 2,905.29 feetto a point; - : ¯
S̄ O0°. 47’ W, 119.64 feet to a point in the northerly line ofSectionTwo, WarnerPark Valley, jr..record in Plat Book 3600,Page 20, R.O.D.C., Tennessee; .
Thence, with said subdivision line and the northerly line of Nashville JewishCommunity Center property, of record in Deed Book 4021, Page 386,R.O.D.C., Tennessee, as follows;
~ .84° 45’ W, 190.00 feet to a point;~ 82° 17’ W, 479.47 feet to a point;N 81° 09’ W, 300.03 feet to a point; ..N 82° 23’ W, 200.00 feet to a point; ..N 83° 18’ W, 330.20 feet to a point; - .. "N 68° 38’ W, 27.37 feet %o the southeast corner oY Edwin B.
.Raskin,trustee, property, of record in Deed Book 4098, Page
386, R.O.D.C.,iTennessee; -
Thence, with the easterly line of said Edwin B. Raskin, trustee, property.N 7°
24’ E, 1,235.9 feet to a point .in the southerly margin of U. S. Highway70S; -
Thence, with said southerly margin, northeasterly with a curve to the.right,200.31 feet, said curve having a central angle of 4° 38’ 36", a radiusof 2,471.06 feet and a chord of 200.25 feet at N 54° 38’ 48" E, to apoint;
Thence, leaving said margin of highwa~,southeasterly with a curve to the ¯left,170.24 feet, said curve having a central angle of 48° 46’ 15u, a radiusof 200.00 feet and a chord of 165.15 feet at S 51° 31’ 36u E, to apoint;
Thence, S 75° 55’ E, 92.87 feet to a point;
:[hence, S 24°"07’W, 127.17 feet to a point;
Thence, S.2° 05’.W, 33.40 feet to a point;
Thence, S 38° 54’ E,..227.70 feet to a point;
Thence, S 73° 50’ .E, 81.07 feet to a point;
Thence, N 56° 54’ £’, .225.63 feet to a point;
Thence, S 89° 18’ E, 255.00.feet to a point; .,..
Thence, S 44° 13’ E, 358.55 feet to a point;
¯ Thence, S 84° 48" E, 175.11 feet to the ¯point of beginning.
Containing 37.45 acres, more or less, and being part of property conveyed to TheMost Reverend William L. Adrian, Bishop of the Roman Catholic¯ Diocese of.Nashville, by deeds from Henry Neuhoff, of.record in Deed Books 2743, Page 71,
and 3499, Page 292, R.O.D.C., Tennessee. .~The above description was not compiled from a property line survey, but fromdeeds, subdivision plats, highway plans, aerial maps and field measurements.
BARBE, WAGGDI~ER, SUMNER AND CAIINOIIFile No. 7679-01August 3, 1982Revised February 22, 1984
(PART IV) ~
The Cloister at St. Henry Community Facilities
225
A parcel of land in the First Civil District of Davidson County, Tennessee, andbeing m ore particularly described ~s follow:
Be~nning at a point so~th 51 degrees 38 minutes west, 398.39 feet from the PhaseIB point of begirmin~ thence, south 53 degrees 42 minutes west 227.36 feet to a point;thence, north 06 degrees 43 minutes west, 47.57 feet to a point; thence, north 07 degrees 45minutes east, 114.46 feet to a point; thence, north 43 degrees 58 minutes west, 96.04 feet toa point; thence, south 48 degrees 16 minutes east, 45.50 feet to a point; thence, south 48degrees 16 minutes east, 97.50 feet to the point of beginning, containing .5{3 acres, more orless.
EXHIBIT "B"
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