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hereinafter referred to as "the Retained Property "; and 201406877 Lot One (1), Baxter Acres Subdivision, in the City of Grand Island, Hall County, Nebraska, WHEREAS, Tom has joined in the execution of this Agreement for Restrictive Covenants, Easement and Right of First Refusal as to his marital interest as Elizabeth's husband; WHEREAS, as part of the consideration for the sale and purchase of the Purchased Property by Gian from Elizabeth, Gian has agreed to certain restrictive covenants on the use of the Purchased Property by Gian on the terms and conditions contained herein; and WHEREAS, as part of the consideration for the sale and purchase of the Purchased Property by Gian from Elizabeth, Gian has agreed to the use of certain portions of the Purchased Property by Elizabeth on the terms and conditions contained herein; and WHEREAS, as part of the consideration for the sale and purchase of the Purchased Property by Gian from Elizabeth, Gian has agreed to grant to Elizabeth a right of first refusal upon the terms and conditions contained herein; NOW, THEREFORE, in consideration of the conveyance of the Purchased Property from Elizabeth to Gian and other good and valuable consideration, it is agreed: 1. Restrictive Covenants. Gian agrees for herself and her heirs, legal representatives, successors and assigns to restrictive covenants on the use of the Purchased Property by Gian and her heirs, legal representatives, successors and assigns on the following terms and conditions: (a) Use for Residential Purposes. Gian agrees that the Purchased Property shall be used exclusively for residential purposes and that no buildings shall be constructed on the Purchased Property except for one (1) single family dwelling and an attached or detached garage without the written consent of Elizabeth (or the current owner of the Retained Property). (b) No Further Subdivision. Gian agrees that the Purchased Property shall not be further subdivided. (c) Right of Enjoyment. Gian agrees that she will not take any action that would impede or interfere with in any manner any intended uses of the Retained Property for agricultural, farming or ranching purposes including, but not limited to, the raising, feeding, growing or breeding of livestock or for other developmental purposes. (d) Benefit. The restrictive covenants herein shall be for the benefit of Elizabeth, and her heirs, legal representatives, successors and assigns and may be enforced by Elizabeth, and her heirs, legal representatives, successors and assigns. 2