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-tsu .ai <br /> C169-018 ` 6!-- ; .3883 <br /> assigns. If at any time Declarant ceases to exist and has <br /> not made such an assignment, a successor Declarant may be (' <br /> appointed in the same manner as this Declaration may be <br /> terminated, extended, modified or amended under Section <br /> 10 .2 . <br /> If at any time either Sente Associates Seven or <br /> Valley Business Associates ceases to exist and the other <br /> continues to exist, all rights, powers and reservations of <br /> the entity which has ceased to exist shall be automatically <br /> transferred to the entity which continues in existence . <br /> Such transfer shall be effective at the dissolution of the <br /> entity which has ceased to exist and shall require no execu- <br /> tion or recordation of documents . <br /> ARTICLE XII <br /> OWNERS COVENANTS OF ACCEPTANCE <br /> 12 . 1 Constructive Notice and Acceptance. Every <br /> Person who now or hereafter owns, occupies or acquires any <br /> right, title or interest in or to any portion of the Pro- <br /> perty subject to this Declaration is and shall be conclu- <br /> sively deemed to have consented and agreed to every coven- <br /> ant, condition and restriction contained herein, whether or <br /> not any reference to this Declaration is contained in the <br /> instrument by which such person acquired an interest in said <br /> property. <br /> 12 .2 Project Documents . By its acceptance of a <br /> deed to a Lot, each Owner is and shall be conclusively <br /> -48- <br /> r <br />