|
DECLARATION OF RESTRICTIVE COVENANTS
<br />h
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />WHEREAS, Arlington Investments, Inc., a Nebraska Corporation ( "Arlington "), is the c7
<br />owner of the real property described as:
<br />Lots 1, 2, 3, 4, 5 and 6 in Richmond Fourth Subdivision in the City of Grand Island, Hall County
<br />Nebraska; and
<br />WHEREAS, it is the intention of Arlington that Richmond T444 Subdivision be an
<br />exclusive commercial development and, therefore, the following the restrictive covenants have
<br />been set forth to further protect and provide for those investing in and building in the subdivision;
<br />and
<br />WHEREAS, Arlington desires to provide and maintain a uniform set of rules, regulations
<br />and restrictions concerning the construction, design and use of any structures on the Property,
<br />NOW THEREFORE, Arlington declares that the provisions of this Declaration of
<br />Restrictive Covenants shall run with and bind the Property and shall be binding upon Arlington and
<br />all persons and entities claiming an interest in any part or all of such Property.
<br />1. Definitions.
<br />'Pc,, r
<br />(a) 'Property" as used herein shall mean the property described as Richmond Thiid
<br />Subdivision, in the City of Grand Island, Hall County, Nebraska.
<br />(b) "Lot(s)" as used herein shall mean all lots included in Richmond Fourth Subdivision
<br />as described in preceding Paragraph 1(a) consisting of Lots 1,2,3,4,5 and 6.
<br />(c) "Covenants" as used herein shall refer to this Declaration of Restrictive Covenants as
<br />may be modified or amended from time to time as provided herein.
<br />(d) "Owner" shall mean the record owner, whether one or more persons or entities of the
<br />fee simple title to a lot, but excluding those having such interest merely as security for the
<br />performance of an obligation.
<br />(e) "Committee" shall mean the Architectural Review Committee.
<br />2. Enforcement. So long as Arlington owns any Lot or Lots, Arlington shall enforce the
<br />Covenants established upon the Property. At such time as Arlington owns no Lot or Lots, the
<br />Owners of the Lots shall form an owners association as a Nebraska nonprofit corporation for the
<br />purpose of enforcing the Covenants. Each Owner shall be entitled to one vote for each Lot owned.
<br />In the event more than one person or entity is the Owner of any Lot, all of such persons- entities
<br />shall be members and the vote for such Lot shall be exercised among themselves, as they may
<br />determine, but in no event shall more than one vote be cast with respect to any such Lot. Arlington
<br />shall appoint three of its members to the Committee for the purpose of reviewing plans as set
<br />forth herein and compliance with the Covenants so long as Arlington is enforcing the Covenants.
<br />Thereafter, the owners association shall assume responsibility for approval of plans through its
<br />appointment of members to the Committee and for the enforcement of the Covenants.
<br />M
<br />m
<br />N
<br />C
<br />`
<br />�=ycn
<br />M
<br />�=
<br />rn
<br />o
<br />7C
<br />2
<br />-< c
<br />a
<br />0
<br />-n Z
<br />m
<br />O
<br />M
<br />3
<br />O
<br />cn
<br />trt
<br />C
<br />CAD
<br />O
<br />CD
<br />Z
<br />C
<br />DECLARATION OF RESTRICTIVE COVENANTS
<br />h
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />WHEREAS, Arlington Investments, Inc., a Nebraska Corporation ( "Arlington "), is the c7
<br />owner of the real property described as:
<br />Lots 1, 2, 3, 4, 5 and 6 in Richmond Fourth Subdivision in the City of Grand Island, Hall County
<br />Nebraska; and
<br />WHEREAS, it is the intention of Arlington that Richmond T444 Subdivision be an
<br />exclusive commercial development and, therefore, the following the restrictive covenants have
<br />been set forth to further protect and provide for those investing in and building in the subdivision;
<br />and
<br />WHEREAS, Arlington desires to provide and maintain a uniform set of rules, regulations
<br />and restrictions concerning the construction, design and use of any structures on the Property,
<br />NOW THEREFORE, Arlington declares that the provisions of this Declaration of
<br />Restrictive Covenants shall run with and bind the Property and shall be binding upon Arlington and
<br />all persons and entities claiming an interest in any part or all of such Property.
<br />1. Definitions.
<br />'Pc,, r
<br />(a) 'Property" as used herein shall mean the property described as Richmond Thiid
<br />Subdivision, in the City of Grand Island, Hall County, Nebraska.
<br />(b) "Lot(s)" as used herein shall mean all lots included in Richmond Fourth Subdivision
<br />as described in preceding Paragraph 1(a) consisting of Lots 1,2,3,4,5 and 6.
<br />(c) "Covenants" as used herein shall refer to this Declaration of Restrictive Covenants as
<br />may be modified or amended from time to time as provided herein.
<br />(d) "Owner" shall mean the record owner, whether one or more persons or entities of the
<br />fee simple title to a lot, but excluding those having such interest merely as security for the
<br />performance of an obligation.
<br />(e) "Committee" shall mean the Architectural Review Committee.
<br />2. Enforcement. So long as Arlington owns any Lot or Lots, Arlington shall enforce the
<br />Covenants established upon the Property. At such time as Arlington owns no Lot or Lots, the
<br />Owners of the Lots shall form an owners association as a Nebraska nonprofit corporation for the
<br />purpose of enforcing the Covenants. Each Owner shall be entitled to one vote for each Lot owned.
<br />In the event more than one person or entity is the Owner of any Lot, all of such persons- entities
<br />shall be members and the vote for such Lot shall be exercised among themselves, as they may
<br />determine, but in no event shall more than one vote be cast with respect to any such Lot. Arlington
<br />shall appoint three of its members to the Committee for the purpose of reviewing plans as set
<br />forth herein and compliance with the Covenants so long as Arlington is enforcing the Covenants.
<br />Thereafter, the owners association shall assume responsibility for approval of plans through its
<br />appointment of members to the Committee and for the enforcement of the Covenants.
<br />
|