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3020 S. Florida Ave, Suite 101, Lakeland, FL 33803 Phone:863-619-7103 Fax:863.619-7995 www.highlandhomes.org HOA DISCLOSURE SUMMARY FOR SILVERADO RANCH 1. AS A PURCHASER OF PROPERTY IN THIS COMMUNITY, YOU WILL BE OBLIGATED TO BE A MEMBER OF A HOMEOWNERS' ASSOCIATION. 2. THERE HAVE BEEN OR WILL BE RECORDED RESTRICTIVE COVENANTS GOVERNING THE USE AND OCCUPANCY OF PROPERTIES IN THIS COMMUNITY. 3. YOU WILL BE OBLIGATED TO PAY ASSESSMENTS TO THE ASSOCIATION. ASSESSMENTS MAY BE SUBJECT TO PERIODIC CHANGE. IF APPLICABLE, THE CURRENT AMOUNT IS $330.00 PER QUARTER ($1320.00 ANNUALLY). YOU WILL ALSO BE OBLIGATED TO PAY ANY SPECIAL ASSESSMENTS IMPOSED BY THE ASSOCIATION. SUCH SPECIAL ASSESSMENTS MAY BE SUBJECT TO CHANGE. IF APPLICABLE, THE CURRENT AMOUNT IS (NOT APPLICABLE IN THIS COMMUNITY), 4. YOU MAY BE OBIIGATED TO PAY SPECIAL ASSESSMENTS TO THE RESPECTIVE MUNICIPALITY, COUNTY, OR SPECIAL DISTRICT. ALL ASSESSMENTS ARE SUBJECT TO PERIODIC CHANGE. 5. YOUR FAILURE TO PAY SPECIAL ASSESSMENTS OR ASSESSMENTS LEVIED BY A MANDATORY HOMEOWNERS' ASSOCIATION COULD RESULT IN A LIEN ON YOUR PROPERTY. 6. THERE MAY BE AN OBLIGATION TO PAY RENT OR LAND USE FEES FOR RECREATIONAL OR OTHER COMMONLY USED FACILITIES AS AN OBLIGATION OF MEMBERSHIP IN THE HOMEOWNERS' ASSOCIATION. IF APPLICABLE, THE CURRENT AMOUNT IS (NOT APPLICABLE IN THIS COMMUNITY). 7. THE HOA DOCUMENTS PROVIDE A CONTRACTUAL RELATIONSHIP BY, BETWEEN AND AMONG THE ASSOCIATION, BUYER, AND BUYERS SUCCESSORS TO WHICH MEDIA SERVICES, INCLUDING CABLE TELEVISION, ARE PROVIDED TO THE PROPERTY. A MANDATORY BULK CABLE PACKAGE IS INCLUDED IN THE HOA DUES FOR THIS COMMUNITY. ADDITIONAL MEDIA AND TELECOMMUNICATIONS SERVICES MAY BE CONTRACTED SEPARTELY. 8. THE DEVELOPER MAY HAVE THE RIGHT TO AMEND THE RESTRICTIVE COVENANTS WITHOUT THE APPROVAL OF THE ASSOCIATION MEMBERSHIP OR THE APPROVAL OF THE PARCEL OWNERS. 9. THE STATEMENTS CONTAINED IN THIS DISCLOSURE FORM ARE ONLY SUMMARY IN NATURE, AND, AS A PROSPECTIVE PURCHASER, YOU SHOULD REFER TO THE COVENANTS AND THE ASSOCIATION GOVERNING DOCUMENTS BEFORE PURCHASING PROPERTY. 10. THESE DOCUMENTS ARE EITHER MATTERS OF PUBLIC RECORD AND CAN BE OBTAINED FROM THE RECORD OFFICE IN THE COUNTY WHERE THE PROPERTY IS LOCATED, OR ARE NOT RECORDED AND CAN BE OBTAINED FROM THE DEVELOPER. 11. THE UNDERSIGNED HEREBY ACKNOWLEDGE THAT THE UNDERSIGNED RECEIVED A COPY OF THIS DISCLOSURE SUMMARY PRIOR TO SIGNING A CONTRACT FOR PURCHASE OF PROPERTY WITHIN THE ABOVE COMMUNITY. DATED:_ / BUYER: Ra nd L Givh r. DATED: V / / CO -BUYER: / / L^ 1 V ona Giv n CGC 058580 VER 01/09 BUYER'S INITIALS Raymond L. Givhan Jr. & Victoria G'rvhan