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m <br /> Nr N O- <br /> N m0 O C_ <br /> o <br /> 0-171 W m Mm <br /> o 0o � D <O O ° <br /> rvn D� O 0) co <br /> Z <br /> T TO <br /> { O ) N N TO . <br /> to <br /> 6.,O rn F <br /> fL <br /> pin 0 <br /> r‘a <br /> A Z <br /> O <br /> DEVELOPMENT AGREEMENT <br /> This Development Agreement ("Agreement") dated APtnt— ,3 . 2013, is between <br /> ALLEN 281 LLC, a Nebraska limited liability company ("Developer"), and CFT <br /> DEVELOPMENTS, LLC, a California limited liability company("Owner"). <br /> PRELIMINARY STATEMENT <br /> Contemporaneously with the execution of this Agreement, Owner acquired from <br /> Developer ownership of Lot 3, Meadowlark West Ninth Subdivision, in the City of Grand Island, <br /> Hall County, Nebraska (the "Property"). As a condition precedent to such acquisition, Owner <br /> and Developer agreed to execute and exchange this Agreement to evidence their agreement and <br /> understanding with respect to the development and use of the Property. <br /> TERMS AND CONDITIONS <br /> In consideration of the foregoing Preliminary Statement, which is repeated in its entirety <br /> in this portion of this Agreement, and other valuable consideration, the receipt of which is <br /> acknowledged, Developer and Owner agree as follows: <br /> 1. Declaration of Restrictions and Grant of Easements. The Property and any <br /> development and use of the Property are subject to the terms and provisions of a certain <br /> Declaration of Restrictions and Grant of Easements dated March 11, 1999 (the "1999 <br /> Declaration"). The 1999 Declaration was recorded on June 24, 1999 as Instrument No. <br /> 99-106376 in the Official Records of Hall County, Nebraska. The 1999 Declaration was <br /> amended by a certain First Amendment to Declaration of Restrictions and Grant of Easements <br /> dated August 21, 2000 (the "First Amendment"). The First Amendment was recorded on <br /> September 25, 2000 as Instrument No. 200007944. The 1999 Declaration was further amended <br /> by a certain Second Amendment to Declaration of Restrictions and Grant of Easements dated <br /> July 24, 2002 (the"Second Amendment"). The Second Amendment was recorded July 25, 2002 <br /> After recording,return to: <br /> John Q Bachman <br /> PANSING HOGAN ERNST&BACHMAN LLP <br /> 10250 Regency Circle,Suite 300 <br /> Omaha,NE 68114 <br />