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201807442
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Last modified
12/9/2019 6:31:29 PM
Creation date
11/14/2018 4:01:48 PM
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DEEDS
Inst Number
201807442
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201807442 <br />which the Association has a leasehold interest, for as long as the Association is the owner of the <br />fee or leasehold interest, intended for common benefit and use of its Members. Common Area <br />shall not include any Lot that the Association acquires by foreclosure of the Assessment Lien or <br />deed in lieu of foreclosure. <br />1.15 "Common Expenses" means the actual and estimated expenses incurred or anticipated <br />to be incurred by or on behalf of the Association, including any allocations to reserves <br />determined by the Board to be necessary and appropriate, and all other financial liabilities of the <br />Association. <br />1.16 "Community Documents" means, collectively, this Declaration, the Articles, the By- <br />laws, the Association Rules, and the Design Guidelines, all as amended from time to time. <br />1.17 "County" means Hall County, Nebraska. <br />1.18 "Declarant" means The Guarantee Group L.L.C., a Nebraska Limited Liability <br />Company, and any person to whom it may expressly assign any or all of its rights under this <br />Declaration by a Recorded instrument. A person or entity shall be deemed to be a "successor <br />and assign" of Declarant if such person or entity is specifically so designated in a duly -recorded <br />instrument and only as to the particular rights or interests of Declarant under this Declaration that <br />are specifically designated in the Recorded instrument. A successor or assign of Declarant shall <br />have the right to assign to another person or entity all or any portion of the rights or interests <br />assigned to it in accordance with the foregoing by means of a duly -recorded instrument <br />specifying the rights and interests so assigned, except to the extent that the assignment from <br />Declarant prohibits or limits such right. <br />1.19 "Declarant Control Period" means the period commencing upon the Recording of this <br />Declaration and ending on the date that the Class B membership in the Association terminates <br />pursuant to Section 7.13. <br />1.20 "Declaration" means this Declaration of Covenants, Conditions, Restrictions, and <br />Design Guidelines for Copper Creek Estates Subdivision. <br />1.21 "Design Guidelines" means the procedures, standards, and guidelines adopted by the <br />Design Review Committee pursuant to Article 3, as amended or supplemented from time to time. <br />1.22 "Design Review Committee" means the committee created pursuant to Article 3. <br />1.23 "Designated Builder" means any Builder that is designated by the Declarant as a <br />"Designated Builder" in a Supplemental Declaration or in a written notice given by the Declarant <br />to the Association. <br />1.24 "Enforcement Assessment" means an assessment levied pursuant to Section 8.5. <br />1.25 "First Mortgage" means any mortgage or deed of trust on a Lot which has priority over <br />all other mortgages and deeds of trust on the same Lot. <br />1.26 "First Mortgagee" means the holder or beneficiary of any First Mortgage. <br />Page 10 of 67 <br />
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