Seminole, TX 79360 - Gaines County

Welcome to the K- Ranch. Tract number 1,2, 7, & 12 Still Available. Prices start at $74.999 for 10 acres. Owner Finance with $9,999 down for all tracts left except tract 1. Only a few minutes from Seminole and offer great views of the city lights. There is electric at the road, will need a septic, and a water well will need to be drilled. Light restrictions(see below). This is Tract 1. Will go VLB. Come pick out your favorite. Clay (254) 855-2060

K- Ranch Restrictions Phase One

1. Each home should be a single family dwelling of new, first class construction. One single family residence per tract but a guest home is permitted. Bardominiums and new manufactured homes are allowed.

2. If a tract is subdivided, then each parcel shall consist of at least 5 acres and adhere to the Gaines county subdivision regulations.

3. No more than one animal of livestock per 2 acres of owned land. Only cows, horses, donkeys, mules, sheep, goats and no more than 5 dogs/casts allowed. All livestock to be fenced within lot/acreage except that cross fences and agricultural exemption agreements in writing will be an exception to this restriction. Fowl will be limited to one unit per acre maximum. No kennels or dog breeding operations will be allowed.

4. No commercial activity to which the general public is invited.

5. No single-wide mobile home or RV, shall be used as a residence, temporarily or permanently.

6. Each parcel owner can reside in an RV or 5th wheel trailer for a maximum of 12 months while their home is being constructed. An engineered septic tank or aerobic system must be in place for all buildings, including residence, guest home, shop buildings or RV to allow for the parking of an RV or 5th wheel trailer.

7. The dumping of garbage or poisonous substances, or any pollutants on the property is expressly prohibited.

8. No automobile graveyards, junkyards, or automobile salvage businesses shall be permitted on the property.

9. All Building construction must be a minimum of 20 feet from any property line and 25 feet from county road.

10. Each property owner will respect the private property rights of their neighbors. No excessive discharge of firearms on a regular basis. All Texas and Gaines County laws will prevail regarding civil disputes or guns.

Term: The restrictions of this Declaration shall run with and bind the Property for a term of ten (10) years from the date this Declaration is recorded, after which time they shall be automatically extended for successive periods of five (5) years, unless terminated by vote or consent of not less than the Owners of two-thirds (2/3) of all the Lots.

Amendments: This Declaration may be amended by the Declarant during the Period of Declarant Control, or at any time by the Owners of two-thirds (2/3) of all of the Lots either at a meeting of the Owners or by written ballot mailed to all the Owners or by a combination of votes at a meeting and by written ballot. Amendments to be effective must be recorded in Gaines County.

Enforcement: The Declarant, or any Owner shall have the right (but not the

obligation) to enforce by any proceeding at law or in equity all covenants, conditions and restrictions now or hereafter imposed by the provisions of this Declaration. Failure by the Declarant or any Owner to enforce any covenant or restriction herein contained shall in no event be deemed a waiver of the right to do so thereafter.