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200408683 14. Each Owner of any Lot contained within the Properties shall maintain insurance on the buildings and improvements located on such Lot in an amount not less than the replacement value of such buildings and improvements and provide proof of such insurance to the Association. Each such Owner take all action necessary so that any company providing such insurance shall notify the Association in the event of cancellation of such insurance and this Article III, Paragraph 14, shall constitute the consent of any such Owner for any such company providing such insurance to include within such insurance coverage provisions for notice of cancellation of such insurance to be provided directly to the Association. All insurance proceeds attributable to property of the Association shall be applied toward repairing the damages suffered. In case the insurance proceeds are less that the cost of repairs, the excess cost shall be paid by the Owner of such Lot. The Association shall have the right to purchase insurance on the buildings and improvements of the Association located on any Lot contained within the Properties if the Owner of such Lot does not purchase such insurance consistent with the terms of this Article III, Paragraph 14. The costs of any such insurance purchased by the Association shall be an assessment against such Lots. 15. These restrictive covenants, restrictions and conditions are to run with the land and shall be binding on all persons and all parties claiming ownership of Lots One (1) and Two (2), all in Amick Acres West Subdivision, Hall County, Nebraska together with any portion or subsequent resubdivision of those lots, until January 1, 2014 at which time these Restrictive Covenants, Restrictions and Conditions shall be automatically extended for successive periods of ten (10) years, unless changed or modified by a vote of a majority of the then owners of Lots One (1) and Two (2), all in Amick Acres West Fourth Subdivision, Hall County, Nebraska together with any portion or subsequent resubdivision of those lots. 16. If any owner of Lots One (1) and Two (2), all in Amick Acres West Fourth Subdivision, Hall County, Nebraska together with any portion or subsequent resubdivision of those lots, or their heirs, devisees, personal representatives, successors, assigns or grantees, shall violate any of the restrictive covenants, restrictions and conditions herein set forth, it shall be lawful for any other person or persons owning any real estate in Lots One (1) and Two (2), all in Amick Acres West Fourth Subdivision, Hall County, Nebraska together with any portion or subsequent resubdivision of those lots, to prosecute such proceedings at law or in equity against the person or persons violating or attempting to violate any such restrictive covenants, restric- tions or conditions and to prevent him from so doing or to recover damages for such violations. 17. If any of the restrictive covenants, restrictions or conditions herein set forth are violated and declared void by a court of competent jurisdiction, the remaining restrictive cove- nants, restrictions and conditions shall not be affected, but shall stay and remain in full force and effect. IN WITNESS WHEREOF, the undersigned have executed this Declaration of Restrictive Covenants, Restrictions and Conditions effective as of the date first noted above. STAROSTKA GROUP CO., a Nebraska Corporation By Danny Starostka, President 7