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co FIRST AMENDMENT TO AMENDED AND RESTATED DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS OF THE VILLAS AT STOLLEY PARK THIS FIRST AMENDMENT TO AMENDED AND RESTATED DECLARATION OF COVENANTS, CONDITIONS AND RESTRICTIONS (this "First Amendment") is made and entered into effective the 8th day of April, 2022, by JEH Holdings, LLC, a Nebraska limited liability company (the "Declarant"). WITNESSETH: WHEREAS, Declarant previously made and entered into an Amended and Restated Declaration of Covenants, Conditions and Restrictions of the Villas at Stolley Park dated December 20, 2019 (the "Covenants") which covered the real property located in the County of Hall, Nebraska, and further described on Exhibit A attached hereto (the "Property"), and filed the Covenants of record with the Hall County Register of Deeds on December 31, 2019 as Instrument Number 201908192; WHEREAS, Declarant, in accordance with the authority provided to Declarant pursuant to Section 5.3 of the Covenants, desires to enter into this First Amendment. herein. NOW, THEREFORE, Declarant hereby desires to amend the Covenants as set forth 1. Article 1, Section 1.6 of the Covenants is hereby deleted in its entirety and replaced with the following: "Declarant Control Period" shall mean the period in which the Declarant controls the Board of Directors and has approval rights under Article 3 below and shall expire upon the first of the following to occur: (i) the date on which all Residential Lots have been sold by Declarant to a new Owner, (ii) ten (10) years from the date of execution of the Declaration, or (iii) after a minimum of fifteen (15) Residential Lots have been sold by Declarant to a new Owner, the date on which the Declarant, in its sole and absolute discretion, notifies the Association in writing that the Declarant Control Period is terminated. 2. Article 2, Section 2.2(a) of the Covenants is hereby deleted in its entirety and replaced with the following: 4857-6177-3593.3