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201702574 7. "OWNER" shall mean the record owner, whether one or more persons or entities, of a fee simple title to any lot, and shall also include a person or persons or entities under a recorded contract if the record owner executes a release and transfer of his or her voting rights to the contract purchaser. Others having an interest merely as security for performance of an obligation are not considered owners. In the case of lots wherein the fee simple title is vested of record in a trustee pursuant to Nebraska Revised Statues, §30 -2801 et. seq., legal title shall be in the trustor. Article IV. COVENANTS, RESTRICTIONS AND CONDITIONS A. Lot Provisions 1. COVENANTS TO RUN WITH THE LAND. In consideration of the mutual benefits to be derived by the Owners of the Lots identified at Article II. hereinabove and any purchaser or purchasers, their heirs, devisees, personal representatives, successors, assigns or grantees, the Declarant stipulates and agrees that all of said Lots, along with any part or subsequent re- subdivision thereof, shall be and are subject to the following restrictive covenants, restrictions and conditions provided herein. All restrictive covenants, restrictions and conditions shall run with the land. 2. ACCEPTANCE. Each Owner of any Lot contained agrees to these Covenants, Restrictions and Conditions by acceptance of any conveyance of any Lot, or any portion thereof, including subsequent lots created by a subsequent re- subdivision of these current lots whether or not it is so expressed in any such conveyance. 3. RESIDENTIAL USE. All Lots shall be known and described as residential. No multiple dwelling units and no more than one residential structure shall be allowed on any Lot. No dwelling shall be occupied by more than one family. No commercial or business enterprise shall be conducted or operated on any Lot; provided, however, personal offices within homes shall be permitted. Only one additional structure may be located on each lot in addition to the residential structure. 4. TEMPORARY STRUCTURES AND OTHER PROHIBITIONS. No trailer, converted trailer, campers, motor home, mobile home, manufactured home, modular constructed home, basement, tent, garage, shack, accessory building, or other unsightly outbuilding shall be erected and/or used as a dwelling any Lot, nor shall any structure of a temporary character be used as a residence. No unused building materials, junk or rubbish shall be left exposed on any Lot except during actual building operations. No farm equipment shall be stored or placed on the property. 5. ARCHITECHTURAL CONTROL. The Association or its designated committee (the "Architectural Control Committee ") shall have general architectural control over any construction upon a Lot in accordance with the following provisions: 4