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This instrument prepared by and return to Bruce Barkett,Esq. Collins,Brown,Barkett, Garavaglia&Lawn,Chtd, 756 Beachland Blvd. Vero Beach,FL 32963 FIRST AMENDMENT TO DECLARATION OF RESTRICTIVE COVENANTS THIS FIRST AMENDMENT TO DECLARATION OF RESTRICTIVE COVENANTS is made by Windsor Properties, a Florida general partnership, ("Owner"), and is approved by the Board of County Commissioners of Indian River County, Florida ("County"). WITNESSETH: WHEREAS, Owner recorded that certain Declaration of Restrictive Covenants in favor of County on February 2, 2009, at Official Records Book 2317, Page 2223, Public Records of Indian River County, Florida ("Declaration"), with respect to certain property in Indian River County consisting of 8.93 acres, more or less, legally described on Exhibit "A" attached hereto and made a part hereof("Windsor Property"),- and WHEREAS, the Declaration restricted the Windsor Property to a residential density of one dwelling unit per acre; and WHEREAS, the subject property has been approved for development by Indian River County as the Windsor Beachside - Plat 27 - Phase II - Planned Development (the "PD"); and WHEREAS, Owner has applied to the County to amend the PD to add a second housing type, resulting in a modest increase in density; and WHEREAS, County has agreed, pursuant to the terms of the Declaration, to permit modification of the Declaration to permit residential density to be increased to up to 3 units per acre; NOW, THEREFORE, for and in consideration of the foregoing recitals, the Owner hereby agrees and declares, and the County hereby approves, the following First Amendment to Declaration of Restrictive Covenants: 1. The foregoing recitals are true and are incorporated herein by reference. 2. Section 2 of the Declaration is hereby amended to read in its entirety as follows: