RULES AND REGULATIONS

PALM LAKES VILLAGE INC.

RULES AND REGULATIONS

Restated January 15, 2007

PALM LAKES VILLAGE INC. is an adult community, containing 363 mobile homes. It was organized in 1971 as a Homeowners Association, maintained for the benefit, comfort and safety of all residents. One occupant of each residence must be at least 55 year of age and no one under the age of 19 is allowed to permanently reside in Palm Lakes Village Inc. Each resident owns a proportionate share of the common areas. Since the common areas are for the benefit of all, certain restrictions and rules must be adhered to by each resident..

The governing documents of Palm Lakes Village Inc. are the Articles of Incorporation; Declaration of Covenants, Conditions and Restrictions (CC&R’s) The By-Laws and the Rules and Regulations. It is important and necessary that each resident become familiar with each of these documents, as they contain the conditions and requirements under which we must all abide. They have been prepared to maintain and improve the quality of life in Palm Lakes Village Inc., as well as preserving the quality and the values of the individual homes.

I. CONSTRUCTION & HOME IMPROVEMENTS: Prior to commencing ANY construction or improvements, (including painting) a permit must be approved by the Board of Directors. The required form may be obtained in the clubhouse Palm Lakes Village Inc. office.

II COMMON FACULTIES- CLUBHOUSE: The clubhouse is available for the use and convenience of each resident. Clubhouse hours are from 5:00 a.m. to 10:00 p.m. The Palm Lakes Village Inc. Office hours are from 8:30 a.m. to 10:00 a.m. Monday -Friday. Residents may rent the clubhouse facilities for special occasions. A request form may be obtained from the clubhouse director. Please observe the posted rules in the clubhouse when using the facility.

III USE OF RECREATION FACILITIES: The Swimming Pool; Tennis Court; Miniature Golf; Shuffleboard; Pool Tables facility; and Exercise Equipment Room is for the use and enjoyment of each resident. Please observe the posted rules in the respective facility.

IV RECREATION VEHICLES: RVs may be parked in carport spaces adjacent to the home if it conforms to the CC&Rs. (Refer to the specific paragraph) There is a compound provided for residents only at a rental fee of $10 per month, on a space available basis. Rental forms are available in the clubhouse office.

V SPEEDING: The speed limit in Palm Lakes Village Inc. is 15 MPH. All residents are required to observe this restriction and are requested to advise their guests and visitors to abide by this rule, as well. PLEASE-PLEASE respect this restriction, as our streets serve as our sidewalks, as well.

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Palm Lakes Village Inc Rules And Regulation January 15, 2007

VI VEHICLE PARKING: All personal vehicles must be parked on a concrete driveway. Overnight parking is prohibited on all streets and cul-de-sacs. Parking at any time, is prohibited on a street designated as a fire lane, where the curb is painted red. The clubhouse parking lot is available for overnight guest parking. A parking permit must be obtained from the clubhouse office and displayed on the dash of the vehicle. No vehicle is allowed to remain on the clubhouse parking lot longer than 72 hours. No overnight sleeping is allowed in any vehicle and PLV, Inc. assumes no responsibility, what so ever, for the security or damage of any vehicle left on the common property, whether authorized or not.

VII GUEST/VISITORS: Guest of residents using the common areas are required to display a guest badge. Guest under the age of 19 must be accompanied by the resident when using any of the facilities. Badges are available in the clubhouse office for a nominal charge. No guest under the age of 19 may stay in PLV for more than 7 days during any month, without consent of the board of directors and in no event shall a stay exceed 30 days.

VIII PETS: Pets must be contained on a hand-held leash when on the common property and all streets. It is the owners specific responsibility to clean up after their pet. Pets are to be kept off of private properties. If a pet creates a reported nuisance, the board of directors may require the owner to correct the nuisance or remove the animal.

IX SIGNS: Signs of any kind shall not be permitted within Palm Lakes Village Inc. without the express written approval of the board of directors. This includes signs, For Sale; For Rent; Patio, Garage, and/or Estate sales. Permit request forms are available in the clubhouse office.

X RENTING PROPERTY: Renting property is very limited, see Article III, D of the CC&Rs.

XI BADGES: Name badges are proved to each resident. In the event it is lost, an additional badge may be obtained for a nominal charge through the clubhouse office. While not a specific requirement, it is strongly recommended that each resident wear a badge at all social functions, such as clubhouse breakfasts and dinners and to all meetings. This will be especially helpful to newcomers to assist them to get acquainted with their Palm Lakes Village Inc. neighbors. Your cooperation is urged and appreciated.

XII REPORTING VIOLATIONS: ANY MEMBER OF Palm Lakes Village Inc. may report any observed violation of the CC&Rs, or these Rules and Regulations. Forms to report any violation are available in the clubhouse office.

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Palm Lakes Village Inc. Rules and Regulation January 15, 2007