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200106596 <br />PONDEROSA LAKE ESTATES FIFTH SUBDIVISION <br />RESTRICTIVE COVENANTS AND CONDITIONS <br />Grand Island, Hall County, Nebraska <br />DECLARATION OF PURPOSE <br />Declarants are the owners of real property in the County of <br />Hall, State of Nebraska, which is more particularly described as: <br />Lots One (1) through Four (4), inclusive, in <br />Block One (1) and Lots One (1) through Eight <br />(8), inclusive, Block Two (2), Ponderosa Lake <br />Estates, Fifth Subdivision (hereinafter <br />referred to as the Real Estate). <br />WHEREAS, Declarants desire to provide for the construction <br />of a planned residential area consisting of single family <br />residences, townhouses and including, without limitation, open <br />spaces and recreational facilities; and <br />WHEREAS, Declarants at this time include in this Declaration <br />and impose the restrictions upon the Common Areas and Lots in the <br />Real Estate described above. <br />NOW, THEREFORE, Declarants hereby declare that the Lots in <br />the-Real Estate described above shall be held, sold and conveyed <br />subject to the following reservations, easements, limitations, <br />restrictions, servitudes, covenants, conditions, charges and <br />liens (hereinafter collectively termed "covenants and <br />restrictions ") which are for the purpose of protecting the value <br />and desirability of each of the Lots in the Real Estate and which <br />1 <br />