On September 19, 1969, Leisure Time Developers, Ltd. (Leisure Time) filed a declaration of covenants, easements, restrictions and charges, in the office of the Clerk of Sullivan County, which provided, inter alia, that each of the defendants, as owners of lots, in the subdivision known as Emerald Green, would be required on May 1 of each year to pay $200 to Leisure Time, its successors or assigns, for the use of recreational areas adjoining the real property purchased...
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