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BUILDING AND USE RESTRICTIONS
THESE BUILDING AND USE RESTRICTIONS, 2003, by FLOREY'S RANCH DEVELOPMENT, INC., a Michigan corporation of 3471 146th Avenue, Zeeland, Michigan 49464 (hereinafter referred to as the "Owner").

WHEREAS, the Owner is the owner of certain real property located in the Township of Grant, County of Grand Traverse and State of Michigan, more accurately described on the attached Exhibit "A" which is incorporated herein by reference (hereinafter referred to as "FLOREY'S REANCH ESTATES NORTH", "Parcels A, B, C, D, E, F, G, H, I, J and K" or "Lots" collectively and individually as a "Lot"): and

WHEREAS, the Owner desires to impose certain Building and Use restrictions upon said premises for the benefit of all who may from time to time become the owners thereof and to make sales of land subject to such restrictions, whether or not the same shall be expressly set forth in the conveyances evidencing such sales.

NOW, THEREFORE, in consideration of the premises and the rights reserved herein, the undersigned hereby places and imposes upon Parcels A, B, C, D, E, F, G, H, I, J and K the following restrictions which shall run with the land and shall bind and inure to the benefit of the undersigned and its successors and assigns, and their respective heirs, successors and assigns: