Article I, II & III - Member Definition
Section 1. "Association" shall mean and refer to the Redfield Estates Association, a non-profit corporation organized and existing under the laws of the State of New Hampshire.
Section 2. "The Properties" shall mean and refer to those described in the Articles of Association and such additions thereto as may hereafter be brought within the jurisdiction of the Association by annexation as provided in the Declaration of Covenants.
The Principal office of the Association shall be located in Derry, New Hampshire.
Section 1. Every person or entity who is a record owner of a fee or undivided fee interest in any lot which is subject by covenants of record to assessment by the Association shall be a member of the Association, provided that any such person or entity who holds such interest merely as a security for the performance of an obligation shall not be a member.
Section 2. The rights of membership are subject to the obligation to make payment of initial, annual and special assessments levied by the Association, the obligation of which assessments is imposed against each owner of and becomes a charge upon the property against which such assessments are made as provided in Article V of the Declaration of Covenants to which the properties are subject and which is recorded in Book 2395, Page 1725 of the Rockingham County Registry of Deeds.