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voluntary conveyance from a mortgagor or the mortgagor's successors or assigns. Section 3.3. Adoption of Rules and Regulations. The Owners Association shall adopt and enforce reasonable rules and regulations regarding security that may be provided within the Subdivision. The Owners Association and any Neighborhood Associations, each with respect to the areas of the Subdivisions subject to their ownership or control, shall enforce the restrictions and covenants contained herein, as well as their rules and regulations promulgated hereunder and shall undertake and perform all acts and duties necessary and incident to enforcing such restrictions, covenants, rules and re~,rulations, all in accordance with the provisions of tlus Declaration and the Articles of Incorporation and By-Laws of the Owners Association and Neighborhood Associations, whichever is applicable. True and complete copies of the Articles of Incorporation and By-Laws of the Owners Association are annexed hereto as Exhibit B and such documents are expressly made a part hereo£ In the administration, operation and management as herein designated to the Associations and in the enforcement of the applicable Covenants and Restrictions, each of the Associations, in addition to any authority granted elsewhere herein, shall have and is hereby granted with respect to areas of the Vfmetian Bay Community within that Association's ownership and control, full power and authority: (a) to enforce all applicable provisions of this Declaration; (b) to levy and collect assessments in accordance herewith; and (c) in order to carry out the purposes of each of the Associations, to adopt, promulgate, and enforce reasonable rules and regulations governing the use and enjoyment of the areas of the Venetian Bay Community within that Association's ownership or control. The Owners Association is he:reby required to maintain in force public liability insurance in an amount not less than $500,000.00 C.S.L. with respect to all vehicle storage areas, Common Areas, Drainage Areas, Conservation Easement Areas, and all traffic islands located within any public or private road right-of-way in the Venetian Bay Community. The Owners Association and the Neighborhood Association:; shall be named insured's with respect to the areas they own or control, and the Neighborhood Associations shall reimburse the Owners Association for a reasonable pro-rata share of the insurance policy's premium in light of each such Association's liability risk. The City of New Smyrna Beach shall be named as an additional insured for those islands in public road rights-of-way in the Venetian Bay Community which the Associations maintain. Such coverage shall be as required by City Ordinances.
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