1. CAPTIONS: Captions used in the Master Deed are inserted solely as a matter of convenience and shall not be relied upon or used in construing the effect or meaning of any of the text of the Condominium Documents.
   
2. COVENANTS RUNNING WITH LAND: All provisions of the Master Deed, By-Laws and Articles of Incorporation shall be construed to be covenants running with the land and with every part thereof and interest therein including but not limited to every Unit and appurtenances and Common Elements thereto.  Every Unit Owner and claimant of Property or any part thereof or interest therein and his heirs, executors, administrators, successors and assigns shall be bound by all the provisions of the Master Deed, By-laws and Article of Incorporation.
   
3. UNIT TRANSFERS: Any transfer of a Unit shall include all appurtenances thereto whether or not specifically described.
   
4. SEVERABILITY: The invalidity of any provision of this Master Deed, the Articles of Incorporation or By-Laws of the Association shall not be deemed to impair or affect in any manner the validity, enforceability or effect of the remainder of this Master Deed, Article of Incorporation, or said By-Laws which shall continue in full force and as if such invalid provision had never been included therein.
   
5. WAIVER: No provision contained in this Master Deed shall be deemed to have been abrogated or waived by reason of any failure to enforce the same, irrespective of the number of violations or breaches that may occur.
   
6. CONFLICT: Anything to the contrary herein notwithstanding, if any provision of this instrument is in conflict with or in contradiction of the final plans of the Condominium Property, then the latter shall be deemed controlling.
   
7. GENDER: The use of the masculine gender in this Master Deed shall be deemed to refer to the feminine gender and the use of the singular shall be deemed to refer to the plural, and vice-versa, whenever the context so requires.
   
8. BINDING EFFECT: This Master Deed shall bind and inure to the benefit of the Developer, its successors or assigns.
   
9. EXHIBITS:    Attached hereto and made a part hereof are the following Exhibits:

   Exhibit A - Legal Description of the Property

   Exhibit B – Survey

   Exhibit C – Graphic Description of the Condominium

   Exhibit D - Unit Percentage Interests

   Exhibit E – By-Laws

   Exhibit F – Articles of Incorporation

   Exhibit G – Floor Area of Units

   IN WITNESS WHEREOF, the Developer has caused this Master Deed to be executed the day and year first above written.

I CERTIFY THAT ON February 19, 1987 H. B. Munn Jr. personally came before me and this person acknowledged under oath, to my satisfaction, that:

(a) this person signed, sealed and delivered the attached document as Vice President of Resort Development Corporation, the corporation named in this document;

(b) the proper corporate seal was affixed; and

(c) this document was signed and made by the corporation as its voluntary act and deed by virtue of the authority from its Board of Directors.