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<br /> Th�#allbMinq�rds. Pbra�as ar tsras �se�d in this �+claraliqn.
<br /> - shell �v� th� falloMin9�definitions: �
<br /> — --- - - 1, w��„*�i _�esesent� sball seaa the charqe levisd aad
<br /> esw�►�s�cl•�ach yvar aqaiast �ach I,ot, Ormer or Lesse� pwcsuaat to
<br /> ]1�t3.cle v, Sectioa,2, hareof. ,, '
<br /> 2. •�..,.�f�••�•� a3 ca�ttea�* sha].1 mea� tlie caawi.ttee of the
<br /> l►asociatioa to be cr�atad�pureuent to l�st�c.�:�,,pa�cagraph �°• 3
<br /> _ belar- . _ _., ::�: ,
<br />_- . � 3.- ■arti�Ies• S�all �ena the Lrticle's af Incorporatioa of
<br /> — the �ssociatfoA �as the saaw �aY .fros tiss to tiae Ioe a�ended cr
<br /> - �PPlesented. ' .
<br /> .- - 4. •�sses�entw shall aeaa an llnnual llssesssent, ���
<br /> - l►ssessasnt� and/or Hafntenance Charge. ' •
<br /> - � . 5. � !;►��ssaent i,ien� shall asan the lfen created an�d iwiposed ,�
<br /> _ . , 17yi l!=tiCle Q. `
<br /> . - . 6. *1�a�tiQII� Bhdll ]�eaA FO�IDEROSl1 IJlRE ESTIlTSS
<br /> - ;: � HOMSO�w11SRS �930CIUTIOlir ZBC., s�hich will hereafter be incorporated
<br /> as a noa-Profit �lebraska Corporation, its successors and assi9ns.
<br /> �� 7. w R shali mesa the Board o� Directors of the
<br /> .t` association. � ---
<br /> .�. .�-
<br /> 8, � w A shall�meaa the Bylaws of the Lssociation and aag �.. °_
<br /> ? a�endmeats or sugplesents to suah Byla�ws. , 4-
<br /> �C o�u �rea"_ shall sean (a) all areas mas'ked *eo�o� �T_
<br /> . _ 9� . . _-
<br /> area" on the plat of Ponderosa Lake Estates Subdivi.sioa� �and a'��� _
<br /> � :,� � � improve�aents heresfter constructed by the Associatiop, `and tb) - -
<br /> .. -:_, .
<br />;�,��, ,: • areas on a lot witbin easements :grausted to the Associatfon or its . .
<br />'��,.�.�.:� Members for the� location, constructioa, maintenance, repair a�c� � �'
<br /> ! .t;:,t, "'= • :
<br /> ��''�;�; � placement af boat slips, aad �c� all of the bed of Lake Ponderosa, :; _
<br /> t .,j.t. �+� �
<br /> <�.• and.related faailitfes, Zandscaped areas, and the private stree�':, -_
<br /> ,�;� ;':
<br /> �=,� ' of the �ascciatioa. The Common area described in pas�t (a) o� t�
<br /> �` �s;`,��„�. paragraph sball be cQnveyed to the 1�seciatfon by the ti.�e of
<br /> ; ���� coaveyaace of t1�e first Lr�t sub�ect to tbis Declaratioa and subject ,
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