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: <br /> � 98- io4o90 <br /> (hereinafter collectively termed "covenants and restrictions�� ) <br /> which are for the purpose of protecting the value and desirability <br /> of the twelve (12) lots comprising Francis Court Subdivision and <br /> which shall run with the real property and be binding on all <br /> parties having any right, title or interest in one of the described <br /> twelve (12) lots or any part thereof, their heirs, successors and <br /> assigns, and which shall inure to the benefit of each Owner <br /> thereof. <br /> ARTICLE I. <br /> DEFINITIONS <br /> The following words, phrases or terms used in this Declaration <br /> shall have the following definitions: <br /> 1. Annual Assessment. "Annual Assessment" shall mean the <br /> charge levied and assessed each year against each lot. <br /> 2. Articles. "Articles" shall mean the Articles of <br /> Incorporation of the Association as the same may, from time to <br /> time, be amended or supplemented. <br /> 3. Assessment Lien. "Assessment Lien" shall mean the lien <br /> created and imposed by this Declaration. <br /> 4. Association. "Association" shall mean Francis Villa <br /> Courtyard Homeowners Association, Inc. , which will hereafter be <br /> incorporated as a non-profit Nebraska corporation, its successors <br /> and assigns. <br /> 5. Board. "Board" shall mean the Board of Directors of the <br /> Association. <br /> 2 <br />