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"Owner" shall mean and refer the record titleholder of a Lot as defined <br />herein below in this Article II. <br />"Property" shall mean and refer to the land described in Article I <br />hereinabove. <br />"Lot" or "Lots" shall mean and refer to any or more of the following: <br />Lots One (1), Two (2), Three (3), Four (4), Five (5), Six (6), and Eight (8), <br />Prairie Creek Meadows Second Subdivision, Hall County, Nebraska, <br />along with any subsequent resubdivision thereof <br />"Common Area" shall mean and refer to Outlot (A), Prairie Creek Meadows Second <br />Subdivision, Hall County, Nebraska. <br />III. <br />DECLARATION OF PURPOSE <br />The purpose of this DECLARATION OF RESTRICTIVE COVENANTS, <br />RESTRICTIONS AND CONDITIONS is to declare the desire of Declarant to improve the <br />Property by encouraging the sale of Lots and the construction of single family residences <br />thereon. In furtherance of this purpose, Declarant: <br />A. Declares that the Lots shall be held, sold and conveyed subject to the <br />following reservations, easements, limitations, restrictions, servitudes, covenants, <br />conditions, charges and liens, (hereinafter collectively termed "covenants and <br />conditions "), which are for the purpose of protecting the value and desirability of the <br />Lots. These covenants and conditions shall run with the land and be binding upon all <br />parties having any right, title or interest in any of the Lots, or any part thereof, their heirs, <br />successors and assigns, and which shall inure to the benefit of each owner thereof. <br />B. Shall construct a drive on the Common Area to provide for ingress and <br />egress to and from the Lots to One R Road, which is the public county road located <br />adjacent to the Property. Upon the completion of the construction of the drive on the <br />Common Area, the Common Area shall be conveyed to and placed under the control of <br />the Association. <br />C. Shall form the Association as a nonprofit corporation under the laws of the <br />State of Nebraska for the purpose of maintaining the Common Area and administering <br />and enforcing the provisions of these covenants and conditions. <br />IV. <br />RESTRICTIVE COVENANTS, RESTRICTIONS AND CONDITIONS <br />A. General Provisions <br />1. In consideration of the mutual benefits to be derived by the Owners of the Lots in <br />the Property and any purchaser or purchasers, their heirs, devisees, personal representatives, <br />2 <br />