PROJ00169

• Contract/PO #: FS0013X
• Contractor Name: Wadley Farms Homeowners Association
• Contract Type: Loan
• Water District: 0
• County: Adams
• Loan Projects - Doc Type: Feasibility Study

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Each and every Owner, in accepting a deed or contract for

any Lot, agrees to and shall become a member of and be

subject to the obligations and duly enacted Articles of

Incorporation, By-Laws and rules of the Association.

Section 2. Agent of All Owners. The Association is

hereby designated as the agent for the Owners under an

irrevocable agency coupled with an interest and as a bene-

ficiary of all the Covenants and provisions herein and as

the assignee of Declarant, and is vested with the right in

its own behalf and on behalf of all Owners to enforce all

the Covenants and provisions herein contained.

Section 3. Administration. Administration of the

Property shall be governed by the Articles of Incorporation
and By-Laws of the Association. An Owner of a Lot herein
shall be and remain a member of the Association for the
period .of his ownership of such Lot. No Owner may exempt
himself from liability for his contribution for the common
expenses or compliance with the Articles of Incorporation,
By-Laws, and the'regulations and decisions of the Associa-
tion by waiver or abandonment.
Section 4. Right to Maintain Action. Each Owner shall
comply strictly with the Covenants and provisions of this
Declaration, the Articles of Incorporation, the By-Laws, and
the regulations and decisions of the Association. Failure
to comply with any of same shall be grounds for an action to
recover sums due and for damages or injunctive relief Or
both, maintainable by the Board of Directors' of the Associa-
tion, in the name of the Association on behalf of the Owners
by an aggrieved Owner, if the Association should fail to do
so, or by the State Engineer, Division of Water Resources,
State of Colorado.
Section 5. Powers of Association. The Association
shall have the right and obligation to enforce and administer

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