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D ut Ln E 0 Homeowner Homeowner Homeowner AMENDMENT TO DECLARATION Hom ner . 6(4 caner Homeowner CD 03 C A rrn The following signers, consisting of more than one -half (1/2) of the Units, hereby amend the Declaration filed at 77- 007403 of the Records of Hall County, Nebraska as to the following described real property, to -wit: That part of Riverside Estates Unit 1, a subdivision as surveyed, platted and recorded in part of the SW Y4 of Section 28, Township 14 North, Range 9 West of the 6 P.M., Hall County, Nebraska, lying South of the South R.O.W line of Stagecoach Road and lying East of the West lot line of Lot 46, extended Southward to the South line of said Riverside Estates Unit 1. ARTICLE IV COVENANT FOR MAINTENANCE ASSESSMENTS shall be replaced with the following: ARTICLE IV COVENANT FOR MAINTENANCE ASSESSMENTS Section 5. Special Assessments for Capital Improvements and Extraordinary Expenses. In addition to the annual assessments authorized in Sections 3 and 4 above, the Association may levy a special assessment for the purpose of defraying, in whole or in part, the cost of any construction, reconstruction, repair or replacement of a capital improvement upon the Common Area, induding fixtures and personal property related thereto or to defray in whole or in part any extraordinary general expenses of the Assodation, provided that any such assessment shall have the assent of three - fourths (3/4) of the vote of each dass of members who are voting in person or by proxy at a meeting called for this purpose. Approval of the project, cost, and the length of time for payment of the assessment shall require a vote of the Association following the requirements stated in this Article. Each such assessment shall be paid during the approved term. A proportionate share of the total assessment divided by the length of payment, in months, shall be paid quarterly. The first payment of such assessments shall be due and payable one month from the date of levy with a like sum due and payable each and every quarter thereafter, along with the regular assessment with respect to said Lot, until said assessment shall be paid in full. In no event shall the payment exceed five (5) years. All of the remaining provisions of said Declaration and any amendments previously approved, not contrary to the aforementioned Amendment, shall remain in full force and effect.