Lease Application. To the Board of Directors: I hereby apply for approval to (Renter) lease Unit # from / / to 1 /. Rental Agent or Agency:

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1 Magnolia Cove of Falling Waters c/o Sandcastle Community Management 9150 Galleria Court, Suite 201, Naples, FL Phone: (239) Fax: (239) Lease Application To the Board of Directors: I hereby apply for approval to (Renter) lease Unit # from / / to 1 /. Rental Agent or Agency: In accordance with the Declaration of Condominium, the applicant represents that the following information is true and correct, and consents to further investigation concerning this information including appropriate credit checks that may be necessary for approval of this request. The proposed lease must accompany this application along with the application fee of $ payable to Magnolia Cove. Unit Owner's Name & Address: Phone: Rental Applicant's Name: Phone #: 2nd Applicant # of Children Occupying Unit: Ages: Auto Make Model Year Lic, Pit. # Auto Make Model Year Lic. Pit. # Employer's Name, Address, & Phone: In Case of Emergency Call: Attached is a copy of Rules and Regulations. Both Applicant and 2 ND Applicant must read and acknowledge that they understand and agree to abide by these Rules and Regulations while residing at Magnolia Cove at Falling Waters Condominium Association. A copy of the rental agreement must accompany this form along with the application fee of $100 payable to Magnolia Cove. All recreational passes and keys come from the unit owner or rental agent. No pets are allowed in rental units. Signature: Date: Approval: Date:

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3 I/We, the undersigned, tenants of property indicated above in Magnolia Cove, do hereby agree to be bound by the Declaration of Protective Covenants, Conditions and Restrictions, By-Laws, Articles of Incorporation and Rules of Magnolia Cove Condominium Association. I/We understand and agree that the Association, in the event it approves an application, is authorized to act as the owner's agent, with full power and authority to take whatever action may be required, including eviction, to prevent violations by lessees and their guests, of provisions of the Documents and the Rules and Regulations of the Association. Enclosed is a NONREFUNDABLE $ check with this application and an executed copy of the lease. (Make the check payable to Magnolia Cove Condominium Association.) Below are some of the Magnolia Cove Rules and Regulations. This contains very important information, so be sure to read and understand it. I/We have received a copy of Magnolia Cove s Rules and Regulations and agree to abide by them. In order to facilitate consideration of this application, I/We represent that the following information is true and correct, and agree that any misrepresentation of the facts in this application will justify its automatic rejection. I/We consent to further inquiry concerning this application, including a background check. Date: Applicant's Signature: Spouse / Co-Applicant's Signature: APPROVED DISAPPROVED B y : Officer: Date:

4 MAGNOLIA COVE OF FALLING WATERS, INC. The unit owners of Magnolia Cove of Falling Waters, Inc. have adopted the following Rules and Regulations to promote the health, happiness and peace of mind of fellow unit owners, pursuant to the Articles of Incorporation, Articles III, Section 3.2f. They must be uniformly applied and enforced. Since owners are responsible for their children, guests, employees and lessees, please assure that they are made aware of them. RULES AND REGULATIONS (As adopted on January 28, 2004) Please submit all complaints as to violations of these Rules and Regulations to the Management agent on the Complaint Form provided by the Management Agent. These Rules and Regulations are not meant to be all exclusive. Objectionable behavior is not acceptable even though there may not be a specific rule or regulation addressing the behavior. ACCESS 1. The Management Agent shall be informed of the persons who have keys to your unit and empowered to allow necessary personnel to enter your unit in your absence. If such information is not furnished, the Association has the right to enter units by whatever means is deemed necessary. Any costs involved shall be billed to the owner. SECURITY Occupants of units shall report any suspicious persons or incidents immediately to the Sheriff's office at or to the Gate at the entrance at No solicitors of any type shall be allowed on the premises. 4. Bicycles, personal recreational vehicles and watercraft shall be stored in garages. 5. No vehicles shall be parked on the garage driveways when owners leave for more than one (1) month. EMPLOYEES 6. Exterior maintenance is the responsibility of the Association. Owners shall not take on this responsibility and should report any problems to the Board. 7. No owner or resident shall direct, supervise or in any way attempt to assert any control over contractors or employees of the Association. 8. All persons are requested to refrain from interfering with the contractors or employees of the Association during working hours.

5 PETS 9. Only one (1) small domestic pet (dog or cat) per household is permitted on the Common Elements. Pit bulls and other types of animals generally considered being vicious, full or half breeds are specifically prohibited. 10. No parrots, Quaker Parakeets or other noisy pets shall be permitted on lanais or patios. 11. Pets shall be held on a leash when outside on the Common Elements. 12. Pet owners shall clean up all pet droppings, place them into a plastic bag and deposit in the dumpsters located on the property. 13. Owners are responsible for any damage done by their pet to the Common Elements, including any costs involved in restoring them. 14. Guests and lessees shall not bring pets onto the property of the Association. 15. Owners are responsible for the boarding of any pet in their unit, at the owner's expense, should it be necessary due to damage to property of the Association or any reasonable complaints from other occupants of units. GARBAGE 16. All trash placed in the dumpster shall be in plastic bags. 17. All cardboard boxes shall be flattened prior to placing in the dumpster. 18. All trash shall be placed in the dumpster. None shall be left in the area of the dumpster enclosure. INSECT AND PEST CONTROL 19. Currently, the Board has hired a licensed exterminator to keep the units free of insects and bugs. However, should the budget restraints indicate that this expense is no longer warranted, the owners shall be responsible for insect and pet control within their units. 20. If a licensed exterminator is no longer hired by the Board and when an infestation exists in an unoccupied unit, the Board will immediately attempt to communicate with the owner. If unsuccessful, the Board will enlist a licensed exterminator and subsequently the owner will be billed for expenses incurred.

6 CABLE TV 21. Currently, the Board has contracted for service for all units. However, should the Budget restrains indicate that expense is not longer warranted, the owners shall be responsible for cable TV to their units. UNOCCUPIED UNITS 22. Owners who leave for more than one (1) months shall remove all loose objects from all lanais, patios/courtyards and windows. 23. Units with hurricane shutters on the lanais are not required to remove loose objects from lanais. 24. Owners shall designate a responsible firm or person to care for their unit should the unit sustain any type of damage and furnish the Management Agent with the name and telephone number of that firm or person. PATIOS/COURTYARDS AND GARAGES 25. In our patios, the developer planted palm trees, coco plums, ixora nora, Aztec grass, ti plants, variated arbocola and crinum lilies. These will be maintained and replaced, as necessary, by the Association as a Common Expense. 26. All plantings, other than those planted by the developer, shall be maintained by the unit owner. 27. Owners who have replaced the plantings put in by the developer shall be deemed to have waived their rights to maintenance and replacement as a common expense. Such owners shall assume responsibility to keep their plantings in reasonable order. Failure to do so shall cause the Association to engage a landscaper to remedy the situation at such owners' expense. 28. Any costs of repairing damage incurred to pipes, cables and pavers from plantings other than those provided by the developer, and listed above, shall be the responsibility of the unit owner and shall be billed to the unit owner. 29. At such time as a painting of the exterior walls is scheduled for the year, all trellises and other wall appurtenances shall be removed by the owners. If not done by the owners, the Association shall have the removal done and access the unit owner for the costs. Painting shall not be scheduled prior to three (3) months after the Annual Budget is approved by the owners.

7 30. Patio/courtyard furniture, gazing balls, paving stones, statuary and garden stools are allowed subject to their removal to a safe place during periods when hurricane warnings and issued for Collier County or when owners are to be gone longer than one (1) month Garden lights are allowed and shall be maintained by the owners. 32. No propane or charcoal barbeque grill shall be stored or used on the property. SCREEN DOORS AND HURRICANE SHUTTERS 33. Screen doors and hurricane shutters are allowed provided that they are white in color and shall be maintained by the owners. WILDLIFE 34. There shall be no feeding or hunting of wildlife on the Common Elements or in and about the lake.