DECLARATION
OF COVENANTS, CONDITIONS
AND RESTRICTIONS FOR
PENNINGTON HILL
UNIT I
STATE OF GEORGIA
COUNTY OF COBB
THIS DECLARATION is made on the date hereinafter set forth by
P.W.S., Inc., a Georgia Corporation (hereinafter referred to as "Declarant")
WITNESSETH
WHEREAS,
Declarant is the owner of certain real property located in Land Lots 247 and 248, of the
19th District, 2nd Section, Cobb County, Georgia, which property is more particularly
described in Exhibit" A " attached hereto and made a part of this Declaration
(hereinafter referred to as the "Property"); and WHEREAS, the Declarant intends
to develop on the Property, a development to be known as PENNINGTON HILL (hereinafter
referred to as the "Development"); and
WHEREAS,
Declarant has caused the Association (as hereinafter deemed) to be formed as a nonprofit
civic organization to perform certain functions for the common good and general welfare of
the Owners (as hereinafter defined);
NOW,
THEREFORE, the Declarant hereby declares that all of the Property shall be held, sold and
conveyed subject to this Declaration of Covenants, Conditions and Restrictions
(hereinafter referred to as the "Declarations"), which is for the purpose of
enhancing and protecting the desirability and attractiveness of, and which shall run with,
the Property, and be binding on all parties having any right, title or interest in the
Property or any part thereof, and shall, subject to all limitations herein provided, inure
to the benefit of each Owner, his/her heirs, grantees, distributees, successors and
assigns and to the benefit of the Association.