Declaration — Second Amendment

Unofficial reading copy. This is a text version of the recorded instrument, provided for readability and accessibility. It presents the body of the instrument: signature, notary, and county clerk filing pages are omitted, and obvious typographical errors in the source scan have been corrected. The authoritative version is the recorded instrument on file with the Hays County Clerk — Doc. No. 90006124, Official Public Records of Hays County, Texas (Vol. 3606, Pg. 236). If this copy and the recorded instrument differ, the recorded instrument controls.

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VILLAGE AT LEDGE STONE SECOND AMENDMENT TO DEVELOPMENT AREA DECLARATION AND DECLARATION OF CONDOMINIUM REGIME FOR VILLAGE AT LEDGE STONE CONDOMINIUMS

Hays County, Texas

Declarant: 290 EAST BUSH, INC., a Texas corporation

Cross reference to that certain Village at Ledge Stone Master Covenant, recorded as Document No. 06034956 in the Official Public Records of Hays County, Texas, that certain Development Area Declaration and Declaration of Condominium Regime for Village at Ledge Stone Condominiums, recorded as Document No. 06035025 in the Official Public Records of Hays County Texas, and to that certain First Amendment to Development Area Declaration and Declaration of Condominium Regime for Village at Ledge Stone Condominiums, recorded as Document No. 80028573, in the Official Public Records of Hays County, Texas.

SECOND AMENDMENT TO DEVELOPMENT AREA DECLARATION AND DECLARATION OF CONDOMINIUM REGIME FOR VILLAGE AT LEDGE STONE CONDOMINIUMS

This Second Amendment to Development Area Declaration and Declaration of Condominium Regime for Village at Ledge Stone Condominiums is made by 290 EAST BUSH, INC., a Texas corporation ("Declarant"), and is as follows:

RECITALS

A. The Village at Ledge Stone Condominiums, a residential condominium project (the "Regime"), located in Hays County, Texas, was established pursuant to that certain Development Area Declaration and Declaration of Condominium Regime for Village at Ledge Stone Condominiums recorded under Document No. 06035025, Official Public Records of Hays County, Texas (the "Declaration"), as amended by that certain First Amendment to Development Area Declaration and Declaration of Condominium Regime for Village at Ledge Stone Condominiums, recorded as Document No. 80028573, in the Official Public Records of Hays County, Texas.

B. Pursuant to Provision A.3.11(i) of "Appendix A" to the Declaration, during the Development Period, Declarant may amend the Declaration without the consent of other Owners or any mortgagee to meet the requirements, standards, or recommended guidelines of an Underwriting Lender to enable an institutional or governmental lender to make or purchase mortgage loans on the Units. The "Development Period" as such term is defined in the Declaration, is a fifteen year (15) year period commencing on the date the Declaration was recorded in the Official Public Records of Hays County, Texas. The Declaration was recorded in the Official Public Records of Hays County, Texas, on November 16, 2006, as such, the Development Period is currently in effect.

NOW THEREFORE, the Declaration is hereby amended as follows:

Restriction on Transfer of Units. Section 3.14 entitled Restriction on Transfer of Units is hereby deleted from the Declaration.

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