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202506836 "Period of Declarant Control" shall mean and refer to the period of time commencing with the recording of this Declaration of Restrictive Covenants, Restrictions and Conditions and terminating when the Declarant conveys the last Lot to another party. "Property" shall mean and refer to the land described in Article I hereinabove. III. DECLARATION OF PURPOSE The purpose of this Declaration of Restrictive Covenants, Restrictions and Conditions is to declare the desire of Declarant to improve the Property by encouraging the sale of Lots and the construction of single-family residences thereon. In furtherance of this purpose, Declarant: A. Declares that the Lots shall be held, sold and conveyed subject to the following reservations, easements, limitations, restrictions, servitudes, covenants, conditions, charges and liens, (hereinafter collectively termed "covenants and conditions"), which are for the purpose of protecting the value and desirability of the Lots. These covenants and conditions shall run with the land and be binding upon all parties having any right, title or interest in any of the Lots, or any part thereof, their heirs, successors and assigns, and which shall inure to the benefit of each owner thereof. B. Shall construct a drive on Outlot `B", located in the Common Area, to provide for ingress and egress to and from the Lots to U.S. Highway 281, which is the public county road located adjacent to the Property. Upon the completion of the construction of the drive on the Common Area, the Common Area shall be conveyed to and placed under the control of the Association. C. Shall construct a pond on Outlot "A", located in the Common Area. Upon the completion of the construction of the pond on Outlot "A", said Outlot "A" shall be conveyed to and placed under the control of the Association. D. Shall form the Association as a nonprofit corporation under the laws of the State of Nebraska for the purpose of maintaining the Common Area and administering and enforcing the provisions of these covenants and conditions. IV. RESTRICTIVE COVENANTS, RESTRICTIONS AND CONDITIONS A. General Provisions 1. In consideration of the mutual benefits to be derived by the Owners of the Lots in the Property and any purchaser or purchasers, their heirs, devisees, personal representatives, successors, assigns or grantees, the Declarant stipulates and agrees that all of the Lots that are sold, transferred or conveyed, shall be and are subject to the following restrictive covenants, restrictions and conditions provided herein. All restrictive covenants, restrictions and conditions shall run with the land. 2. Every Owner of a Lot within the Property shall be a member of the Association. Membership in the Association is a condition of ownership of any Lot within the Property. Membership shall be appurtenant to and may not be separated from ownership of any Lot that is subject to assessment. The Association shall have one class of voting membership that shall be and include the Owner of each Lot contained in the Property. When more than one (1) person holds an interest in any Lot contained within the Property, 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. Voting privileges are restricted to paid -up members only. 3. Each Owner of any Lot contained within the Property agrees to this Declaration of Restrictive Covenants, Restrictions and Conditions by acceptance of any conveyance of any Lot, or any portion thereof, including subsequent lots created by a subsequent resubdivision of these current lots whether or not it is so expressed in any such conveyance. B. Restrictions 1. No Lot shall be used other than for single-family residential purposes. Page 2 of 8