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8 BML Covenants 8. RULES AND
REGULATIONS. The entity which has the responsibility for the operation and management
of a particular Common Area shall have the right from time to time to
promulgate Rules and Regulations governing the use of such Common Areas, which
may include, but not be limited to, rules governing the conduct of Owners in
the Common Areas. These Rules and Regulations will be binding on all Owners.
All grantees and transferees of an Interest accepting a Warranty Deed,
Membership Certificate or otherwise acquiring title to an Interest, agree to be
bound by any such Rules and. Regulations. All guests and invitees of Owners,
including all Exchange Users, shall also be bound by the Rules and Regulations.
Such entity shall also have the right to amend any existing Rules and Regulations,
to enforce any such Rules and Regulations and to establish penalties for the
violation of any such Rules and Regulations. The penalties for the violation of
any Rules and Regulations may include the suspension of the right to use the
Common Areas during the period of any continuing violation of the Rules and
Regulations. A copy of the Rules and Regulations shall be posted in a
conspicuous place within each Common Area and/or copies of same shall be
furnished to Owners. ć | ||||||||
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