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- 14 - <br />First Mortgagee and in fact utilized by the Association, any <br />decision to discontinue professional management and establish <br />self -management by the Association shall require the prior <br />consent of (i) Owners of Houses to which at least sixty-seven <br />percent (67%) of the votes in the Association are allocated and <br />(ii) the aproval of First Mortgagee's holding mortgages on Houses <br />to which are allocated at least fifty-one percent (51%) of the <br />votes in the Association. <br />Section 5.3 Rules and Regulations. The Association may make <br />such reasonable Rules and Regulations governing the conduct of <br />any persons using the Property, and governing the general use, <br />maintenance and enjoyment of the Property, as it deems reasonably <br />necessary, which Rules and Regulations shall not be inconsistent <br />with the rights and duties established by the Governing <br />Documents. <br />Section 5.4 Board of Directors. The power and authority of <br />the Association in the Governing Documents and Rules and <br />Regulations shall be vested in a Board of Directors elected by <br />the Owners in accordance with the Bylaws of the Association. The <br />Association shall act through the Board of Directors, unless <br />specifically provided otherwise in the Governing Documents. <br />Accordingly, all references to the Association shall mean the <br />Association acting through the Board of Directors. <br />ARTICLE VI <br />COVENANTS FOR ASSESSMENTS <br />Section 6.1 Creation of the Lien and Personal Obligation of <br />Assessments. The Declarant, for each lot owned with the <br />