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200100366 any deductible amounts for repairs to structures as may be provided in said insurance policies maintained by the Association. Association insurance coverage shall be for the replacement costs of the residential dwelling structure on each lot. ARTICLE VIII GENERAL PROVISIONS Section 1. Enforcement. The Association, or any Owner, shall have the right to enforce by any proceeding at law or in equity, all restrictions, conditions, covenants, reservations, easements, liens and charges now or hereafter imposed by the provisions of this Declaration, either to prevent or restrain any violation of same, or to recover damages or other dues for such violation. Failure by the Association or by any Owner to enforce any covenant or restriction herein contained shall in no event be deemed a waiver of the right to do so thereafter. Section 2. Severability. Invalidation of any one of these covenants or restrictions by judgment or court order shall in no ways affect any other provisions which shall remain in full force and effect. Section 3. Amendment. The covenants and restrictions of this Declaration shall run with and bind the land, for a term of twenty -five (25) years from the date this Declaration is recorded, after which time they shall be automatically extended for successive period of ten (10) years. The Declaration may be amended during the first twenty (20) year period by an instrument signed by the Owners of not less than sixty -six and 2/3 percent (66 & 2/3 %) of the lots, and thereafter by an instrument signed by the Owners of not less than fifty one percent (51 %) of the lots. Any amendment must be recorded. Section 4. Annexation. At the discretion of Declarant, additional lots located within the area conveyed to Declarant by deed dated November 12, 1999 and filed for record November 16, 1999 as Instrument No. 99- 111017 in the office of the Register of Deeds of Hall County, Nebraska, may be annexed to the properties by written statement duly recorded which shows the consent of. (1) the owner(s) of the real estate being annexed, and (2) Grand West Homeowner's Association, Inc. through its President (no vote of membership necessary). Section 5. FHA /VA Approval. As long as Declarant is the owner of any lot, the following actions will require the prior approval of the Federal Housing Administration or the Veterans Administration: Annexation of additional properties and amendment of this Declaration of Covenants, Conditions and Restrictions. Executed the day and year first above written.