Public Offering Statement

WITHIN 7 DAYS AFTER RECEIPT OF A PUBLIC OFFERING STATEMENT, OR AN AMENDMENT TO THE PUBLIC OFFERING STATEMENT THAT MATERIALLY AND ADVERSELY AFFECTS THE RIGHTS OR OBLIGATIONS OF THE PURCHASER, THE PURCHASER BEFORE CONVEYANCE MAY CANCEL ANY CONTRACT FOR PURCHASE OF A UNIT FROM THE DECLARANT.

IF THE DECLARANT FAILS TO PROVIDE A PUBLIC OFFERING STATEMENT, OR ANY AMENDMENTS THERETO, TO A PURCHASER BEFORE CONVEYING A UNIT, THAT PURCHASER MAY RECOVER FROM THE DECLARANT AN AMOUNT EQUAL TO THE GREATER OF FIVE (5%) PERCENT OF THE SALES PRICE OF THE UNIT UP TO A MAXIMUM AMOUNT OF TWO THOUSAND DOLLARS ($2,000.00) OR ACTUAL DAMAGES.

IN THE EVENT OF A PERMITTED CANCELLATION UNDER PARAGRAPHS A OR C ABOVE, THE PURCHASER WILL BE ENTITLED TO A FULL REFUND OF ANY SUMS DEPOSITED IN CONNECTION WITH THE CONTRACT.

Oral representations cannot be relied upon as correctly stating the representations of the Declarant. Refer to this Public Offering Statement and its Exhibits for correct representations.

The Plan currently is designed to have approximately 385 Lots to be developed in four phases. Phase 5: approximately 47 single family lots and 4 townhouse lots. Phase 6: approximately 119 single family lots and 25 townhouse lots. Phase 7: 84 single family lots. Phase 7R: 32 single family lots.

The types and the numbers of the above Lots may change, subject to Declarant's discretion and market conditions; provided that all changes will comply with Township requirements.

The Declarant may retain control of the Association from the date of the first conveyance of a Lot to a person other than the Declarant for a period not exceeding ten (10) years, as may be extended by law, unless the Declarant earlier voluntarily surrenders control; or after the conveyance of seventy-five (75%) percent of the Units, whichever event first occurs.

During the period of Declarant control, the Developer shall have sole power and authority to appoint and remove the officers and members of the Board of Directors of the Association.

The Bylaws may be amended by agreement of two thirds (2/3) of the Lot Owners, except that during the period when the Declarant controls the Board, no amendment which affects the Declarant's right to control the Board may be made without the Declarant's approval.

The pool and clubhouse facility shall be owned by the Amherst Village Recreational Association, LLC. The Amherst Village II HOA shall lease the Recreational Lot or Lots, including the pool, clubhouse facility and/or other recreational facilities, from the Amherst Village Recreational Association, LLC for an amount to be determined annually, payable in monthly installments.

The annual lease shall be determined at the sole discretion of the Amherst Village Recreational Association, LLC.

There shall be a one-time fee due at the closing on each Lot, including every resale, other than the sale to the Builder, of the sum of One Thousand Seven Hundred Dollars ($1,700.00) will be deposited from each Purchaser and deposited into the Contribution Fund for the establishment and development of the Recreational Lot including the Pool and Clubhouse.

Declarant shall have complete control and discretion with respect to all aspects of establishing, maintaining, administering and funding the Contribution Fund. After termination of Declarant control the Contribution Fund management shall be transferred to the Amherst Village Recreational Association, LLC

Each Lot Owner is responsible for both performance of and payment for all maintenance, repair and replacement required for his Lot and the dwelling to be constructed thereon.

In general, the Association is responsible for both performance of and payment for exterior maintenance including landscaping, mowing, trimming, mulch, and snow/ice removal. Each Lot Owner is responsible for both performance of and payment for all maintenance, repair and replacement required for the dwelling to be constructed thereon.

All Common Facilities will be covered by fire and property damage insurance in an amount equal to the full replacement cost of any of the improvements. The Association and Lot Owners will be insured against liability arising from ownership or use of the Common Facilities.

EACH LOT OWNER SHOULD MAINTAIN HIS/HER OWN LIABILITY INSURANCE FOR HIS/HER OWN UNIT AND ALL IMPROVEMENTS OR BETTERMENTS THERETO. Each Unit Owner should maintain separate insurance for the Unit, improvements, and betterments to the Unit and for all personal property contained in the Unit.

Real property taxes are levied separately against individual Units and each Lot Owner will be responsible for the payment of the taxes on his own Unit. The assessed value of Units is presently unknown since the county tax assessor cannot assess Units until the Declaration is recorded.

ANY REPRESENTATION BY THE DECLARANT OR ITS AGENTS IS ON THE BASIS OF ESTIMATES ONLY, PROVIDED BY THE TAX ASSESSOR AND THE DECLARANT CANNOT PROVIDE ANY ASSURANCES WITH RESPECT TO THE ACCURACY OF THOSE ESTIMATES.

The property may be affected by subsurface lease agreements regarding coal, oil, gas and other minerals. In Pennsylvania, ownership and the right to use the subsurface of property is not always transferred with the right to use the surface of the property. The title to the surface of the property may be conveyed to a buyer without any ownership rights to coal, gas, oil and other minerals of any kind.

Often, the party that owns the subsurface rights also has certain rights to use the surface of the property to test for, explore, drill and/or otherwise remove the coal, gas, oil and other minerals. Declarant does not make any representations as to the buyer's ownership of subsurface rights or the rights of the buyer to use the subsurface of the property for any purpose.

Unit Owners will be assessed for Common Expenses to obtain the funds necessary to meet the budget of the Association. Common Facilities shall be shared equally among Lot Owners on a per Unit basis.

The Budget will cover all anticipated Common Expenses for the upcoming fiscal year, such as accounting and legal fees, insurance, landscaping, snow removal property management and dues for use of the pool and clubhouse facilities, including the monthly lease.

The Budget will also include whatever amount the Executive Board has estimated to be necessary as an adequate reserve to provide for unforeseen contingencies, working capital and repair or replacement of the Common Facilities. A reserve account will be funded by a contribution of each Lot Owner.

At the initial closing on each Lot, other than the sale to the Builder, the sum of three hundred fifty ($350.00) dollars will be collected from each Purchaser and deposited into a Reserve Fund as reserve for capital replacements and contingencies.

At the closing for each subsequent resale the sum of three months of the Master Association's annual assessment will be collected from each Purchaser and deposited into a Reserve Fund as reserve for capital replacements and contingencies.

All of the amounts assessed against a Unit, are a lien on that Unit. This ability to lien a Unit protects all Lot Owners by providing a mechanism to enforce the obligation of each Lot Owner to pay his share of the Common Expenses.

A late charge and interest will be imposed on any payment not received by the tenth (10th) day after it is due.

There are no restrictions on the resale of Units by the Lot Owner.

EXCEPT AS SET FORTH ABOVE, OR OTHERWISE REQUIRED BY LAW, THE UNIT, THE COMMON FACILITIES, AND ALL PERSONAL PROPERTY ARE BEING SOLD WITHOUT WARRANTY OR REPRESENTATION OF ANY KIND, EXPRESSED OR IMPLIED, INCLUDING WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR HABITABILITY.

Lot purchasers are advised to discuss any limited warranty applicable to the construction of a home directly with the home builder.

Any deposit made in connection with the purchase of a Unit will be held in an Escrow Account. Such deposits held in escrow will be returned to the Purchaser if the Purchaser cancels the contract.

It is estimated that the project will be completed in the fall of 2030. The above schedule is merely a projection and is subject to a number of variables beyond the Declarant's control, such as the pace of sales activities and construction delays.

The Declarant is not offering or arranging any financing for purchasers of the Lots. Each purchaser will be responsible for obtaining financing for the purchase of the Lot.

Declarant and home builder do not make any representations regarding the maintenance of current views and aesthetics or the uses that may be made by third party landowners of other property located in the area.

The Declarant has no knowledge of: Hazardous conditions, including contamination, affecting the Plan site by hazardous substances, hazardous wastes, or the like, or the existence of underground storage tanks for petroleum products.