WITNESSETH

The following is a recital of the facts and objectives underlying this Declaration:

A. Declarant is the owner in fee simple absolute of certain real property situated in the Charter Township of Canton, Wayne County, Michigan, which has been platted as Cobblestone Ridge Subdivision No. 1 in Liber ill, Pages 57 through 65, Wayne County Records (the "Subdivision"). The Subdivision is more particularly described in Exhibit "A" attached hereto.

B. The Subdivision consists of (i) seventy-six (76) Lots (the "Lots"), each of which is to be used for the construction and occupancy of one (1) detached single-family residence and permitted related improvements (the "Dwelling"), in each case subject to the provisions of this Declaration and other matters of record; (ii) certain private parks located within the Subdivision (the "Common Areas"), including (a) Cobblestone Park East, (b) Cobblestone Park West, (c) Cobblestone Ridge Park and (d) Pembroke Park East; and (iii) certain landscaped areas within the streets of the Subdivision (the "Landscaped Areas"), including (a) the boulevard island and entrance monument within Hendrie, and (b) the cul-de-sac islands within Hendrie Court, Scotia Court, Kennebec Court and Crosswick Court.

C. Declarant desires to subject the Subdivision to the covenants, conditions, restrictions, easements, charges and liens hereinafter set forth (i) to insure the development of the Subdivision as a desirable residential community; (ii) to prevent the construction, installation, placement or maintenance of any undesirable use, improvement or thing within the Subdivision; (iii) to promote internal harmony within the Subdivision; and (iv) to provide for the perpetual preservation and maintenance of the Common Areas and Landscaped Areas in a manner consistent with high environmental, aesthetic and residential standards.

D. Declarant deems it advisable to create an entity (the "Association") to own the Common Areas and Landscaped Areas, and to which shall be delegated and assigned certain powers and duties hereunder, including, without limitation, (i) administration, operation and maintenance of the Common Areas and Landscaped Areas; (ii) enforcement of the covenants, conditions, restrictions, easements, charges and liens set forth in this Declaration; (iii) collection and disbursement of the assessments and charges described in this Declaration; and (iv) promotion of the health, safety and welfare of the residents of the Subdivision.

E. Declarant has caused the Association to be organized as a non-profit corporation (with mandatory assessment powers),for a perpetual term, under the laws of the State of Michigan, for the purpose of exercising the powers, duties and functions of the Association set forth in this Declaration (either directly, or through a management agent and/or maintenance contractors engaged by the Association).

NOW, THEREFORE, Declarant hereby declares that the Subdivision, including each Lot, Common Area and Landscaped Area in the Subdivision, and all future phases of Cobblestone Ridge Subdivision subjected to this Declaration by amendment hereof (at which time the term "Subdivision" shall be amended to include such additional phases), shall be held, transferred, sold, conveyed, leased, used and occupied subject to the following covenants, conditions, restrictions, easements, charges and liens (as amended from time to time), which shall run with the Subdivision and each Lot, Common Area and Landscaped Area therein, and which shall be binding upon and inure to the benefit of all parties having any right, title or interest in the Subdivision or any part thereof, their heirs, successors and assigns.