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202402567 3. Persons Subject to Restrictions; Modifications. This Declaration will run with the land and shall be binding upon all persons and all parties claiming ownership of Lots for a term of ten (10) years from the date this Declaration is recorded, after which time it shall be automatically extended for successive periods of ten (10) years unless amended or revoked. The Declaration may be amended, or a variance granted by an instrument signed by the Developer, so long as it owns at least one (1) Lot. Thereafter, Owners of more than fifty percent (50%) may amend the Declaration or grant a variance. Revocation of the Declaration shall require approval of at least seventy five percent (75%) of the Owners and by Developer so long as Developer owns at least one (1) Lot. Any amendment or revocation of this Declaration shall be recorded with the Register of Deeds of Hall County, Nebraska. ARTICLE IV ASSOCIATION FORMATION, OPERATION AND GENERAL REQUIREMENTS: 1. Every Owner of a Lot is automatically a member of the Association. Membership in the Association is a condition of ownership of any Lot. No Lot Owner can disclaim or renounce membership in the Association. Membership shall be appurtenant to and may not be separated from ownership of any Lot which is subject to assessment. The Association shall have one class of voting membership which shall be and include the Owner of each Lot. When more than one (1) person holds an interest in any Lot all such persons shall be members of the Association but any vote for such Lot shall be exercised as they among themselves determine with no more than one (1) vote being cast with respect to any Lot. All Lot owners shall abide by the provisions of this Declaration, and the By -Laws of the Association as may be amended from time to time. NOTWITHSTANDING THE FOREGOING, THE DEVELOPER AND ITS SUCCESSOR SHALL CONTROL THE OPERATION OF THE ASSOCIATION, SET ASSOCIATION BUDGETS, REGULAR AND SPECIAL ASSESSMENTS DURING THE DEVELOPER CONTROL PERIOD (INCLUDING ANY ADDITIONAL LOTS ADDED TO THE PROPERTY) WHICH ARE SUBJECT TO THIS DECLARATION OF RESTRICTIVE COVENANTS. THEREAFTER, THE ASSOCIATION SHALL PERFORM THESE FUNCTIONS. 8