DECLARATION OF RESTRICTIONS
This declaration may be seen on two different instruments recorded in Oakland County. The recording data for Franklin Knolls Subdivision One (1) is Liber 3095, pages 33 to 39 inclusive and for Franklin Knolls Subdivision Two (2) is Liber 3230, pages 480 to 486 inclusive. ( Photostatic copies of these instruments cost $3.50 each, therefore, we are preparing this report in a combined form for the benefit of the members of Franklin Knolls Improvement Association). N.B Restrictions may be changed by the written approval of not less than 80 per cent of the owners of the lots in said above described subdivision.
1. The undersigned, for itself, its successors and assigns, does hereby publish and declare and make known to all intending purchasers and future owners of the various lots comprising said above described subdivision, that the same will and shall be used, held and/or sold expressly subject to the following building and use conditions, restrictions, covenants, agreements and easements which comprise the general plan for the improvement of the said subdivision which shall be incorporated by reference in all deeds of conveyance of and contracts for the sale of said lots and run with the land and be operative up to and until January 1, 2004, at which time the aforesaid conditions, restrictions, covenants, agreements and easements shall be automatically extended for successive periods of five (5) years unless by vote of the majority of the then owners of the lots, it is agreed to change said aforesaid conditions, restrictions, covenants, agreements and easements in whole or in part, PROVIDED, HOWEVER, that from and after the date hereof, any of the provisions hereof may be altered, changed and/or modified by the written approval of not less than eighty (80) per cent of the owners of the lots in said above described subdivision.