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202600567 PRAIRIE VALLEY SUBDIVISION COVENANTS I. DESCRIPTION OF LAND The lands of the Declarant which are hereby submitted to this DECLARATION OF RESTRICTIVE COVENANTS, RESTRICTIONS AND CONDITIONS are a fee simple interest in the following: Lots One (1) - Thirty Three (33), Prairie Valley Subdivision, Hall County, Nebraska. II. DEFINITIONS The following definitions shall apply to this DECLARATION OF RESTRICTIVE COVENANTS, RESTRICTIONS AND CONDITIONS: "Association" shall mean the homeowners association to be formed by the Owner to be known as "Prairie Valley Homeowners Association" and its successors and assigns. "Owner" shall mean and refer to the record titleholder of a Lot as defined herein below in this Article II. "Property" shall mean and refer to the land described in Article I hereinabove. "Lot" or "Lots" shall mean and refer to any or more of the following: Lots One (1) - Thirty Three (33), Prairie Valley Subdivision, Hall County, Nebraska. 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 insure to the benefit of each owner thereof. 1