DECLARATION OF RESTRICTIVE CONVENTS AND CONDITIONS AFFECTING THE REAL PROPERTY KNOWN AS THE TRAILS AT NAVAJO SUBDIVISION

WITNESSETH:

WHEREAS, the undersigned, Brian Head Resort, Development, L.L.C., (hereafter ‘Declarant”), the sole owner and developer of the real property herein described, which is situate in Iron County, State of Utah, and a subdivision more particularly known as the Trails at Navajo Subdivision; and

WHEREAS, Declarant desires to divide the subject property and to convey it subject to the restrictions and covenants herein contained between itself and the several purchasers of the subject property, and thereafter to impose the restrictive covenants and conditions between and among the several purchasers; and

WHEREAS, the subject to these restrictive covenants is located in Iron County, State of Utah, and is more particularly described as follows: