Administrative and Construction Guidelines (Part 3)

IX.  ADMINISTRATIVE and CONSTRUCTION GUIDELINES (Part 3)
      

  b.   Membership
        
        Penalty for non-payment of monthly dues:
     
        The Board of Directors in case of any delinquency or default of Association dues may take
        measures such as, but not limited  to the following:
     
        1)   Putting in conspicuous place/s the names of delinquent members.
        2)   No services by maintenance men and security guards.
        3)   Annotation of land title.

7.   Period of Restriction

      All the restrictions, easement, reservations and conditions enumerated herein shall be valid
      and binding.  Such restrictions may be added to but not diminished, amended or changed
      by the INCUMBENT BOARD OF DIRECTORS and other governing body of the village,
      provided that the use and occupancy of lots for residential purposes by a single family
      only shall not be changed.

8.   Enforcement of Restrictions

      THAI and its duly authorized representatives shall have the right during reasonable hours
      of the day to enter and inspect any building under construction to ascertain compliance
      with all the regulations and restrictions on construction.

9.   Interpretation of Restrictions

     When there appears to be a conflict in the interpretation of these restrictions and/or
     guidelines, the most equitable interpretation shall be adopted.

10.  Refund of Construction Bond

      THAI will not issue its final certification of clearance nor release the construction
      bond until all requirements have been satisfactorily met.

     THAI will refund seventy percent (70%) of the construction bond without interest after
     100% completion of the project.  The term 100% shall mean completion of the house
     in accordance with approved plans and specifications, completely painted, its services,
     utilities and permanent fixtures installed and ready for immediate use and occupancy
     and a Certificate of Occupancy has been secured from the proper government agency.

  Source:  Teoville Homeowners Code of Discipline

                Deed of Restrictions Rules and Regulations