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4. Total Number of Adllitional Units. The Condominium is a Buihl.., conJornfriium: -if'gni-(8) Mdft'ronal Units each consi3ting of a lloma llntt and garage unit .nay be arMed to the Condominium beyond the eiqht (1) home arld .J"-rag:e unlt9 ')d'1inAlty construc::'ell. s. Declar<lnt's Intention to ~ent or ~arket Blocks of ynits to investOr:'!. Declarant' s -p.c[lnary lntentit)t} [8 to 11IJvelop and sell condol'<.fnfuLs to owner-occupants: howover Declarlnt l11'\Y, 1ep&nding lopon market conoliti.ms, hold condominium Units for rental or ""y mark~t' b!.oc1<s or condominium Unltq to t'lveators. Othor than the foregoing documents, there are no contracts l)r leases to wluch the Un1. t Ownols o,)r A.ssociation will b9 subject 1rll' w"lich lHt not bl! cancc~lod upon 30 d~ys notice by the Associatl,:m. 6. Future BUl~et, ~il.l~nce Sheet "nd S~lies and Services not Rerr;cf'e.l[i\ Rll !<let ,~i txp.;nso;-;:fulch 'icry-q'ecQme at Subsequent '([me Common E'<E!llsei; 'rhe l\s:Joc1ation has-not <\,llj'ptei any prl')j~ct\id" -buo'Jetf:)r--fUture years anJ hl\9 :10 current balance S~~dt. Declarant is presently unaware of any supplies and services which a~e not reflected in the ostimated ar.nual budget fur1l1ohed here...ith !.oI'hich tile OecLarant itself provides or any expensos WhlCh it pays, 4nd which it expects may hecome at any subsequent t1.,.~ a com..non expens,~ <'If Lhl! \,locil\tlon. Accordingly, there is no prQjected c.ommon expanso assessment of which Oeclar"nt at this time ..5 aware which 1010\.11.1 be attrlbutablil t,) "rlY such supplies or services. 7. Special Fee D~e From Buyer to Asso:lation at the Closing ani' Df;ts...ription Thereof, as Re;rrr~Vetenn8 A.iminis~~~i_on .Regu tat!OilVA'R"""4,3S8( B)( ). As prov(de,Cfn :}'1~" ~r I.. p,,,.:naoe agreement, Buyer sh<111 pay at cl..,sing to the Associat.bn, ""1 -\II\Ollnt to fun-} the inltial capital of the Assoclation, being" sum equal to ~wo (2) months' plus a pro-rata share for the month in which the closirg t.akes place advance rleposit of the monthly assessment for the COlt'~"n expenses payable with respect to the Unit Buyer is ourchasing. The e~t.imate of the monthly common expen30 assessaole to the Unit BUler is purcha~ing is the sum of $ , and accordingly, tbe advance deposit reqUired by the purchaae agreement is the 6um of $ 8. Liens, Defects or En~umhril.nces Affectin~ Title to the CondominiuI'I After Contemp lal.e,rCOriveyanco. The fa 110W"fng -are the liens, riefectfl, or eJlcurllbrances on or .i'flecting thO! t it 1.~ r. ') the Condominium after the contempl~te1 conveyance by Oeclar~nt t> Ruyer: (a) Buildlng and zoning laws, ordinances and stat~ ~nd fedaral regulations: (b) Reservations of minerals or mineral rights to the St&te of Minnesota: -3-