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200502514 Upon the conveyance of all or any part of a Property, the grantee, by accepting such conveyance will thereby become a new party to and be bound by this Declaration and will be deemed to have assumed and agreed to perform each of the obligations of the conveying Owner under this Declaration with respect to the Property or portion thereof conveyed to such grantee accruing during such grantee's period of ownership. Upon recordation of such conveyance with the Register of Deeds of Hall County, Nebraska, the conveying Owner will be released from all obligations under this Declaration arising thereafter with respect to the portion of the Parcel so conveyed but will remain responsible for any and all liability which has accrued prior to such recordation and during such conveying Owner's period of ownership. 8. No Dedication. Nothing contained in this Declaration will be deemed to constitute a gift, grant or dedication of any portion of a Parcel to the general public or for any public purpose whatsoever, it being the intention of the Declarant and the other Owners that this Declaration will be strictly limited, in accordance with the terms hereof, to the private use of the Permittees of each Property to whom easements have been granted in this Declaration. Except as otherwise specifically provided herein, this Declaration is intended to benefit the Owners and their respective successors, assigns, mortgagees and beneficiaries under deeds of trust and is not intended to constitute any person or entity which are not Permittees of Parcels to whom easements and other rights have been granted in this Declaration a third party beneficiary hereunder or to give any such person or entity any rights hereunder. 9. Duration; Amendment; Termination. 9.1 Duration. Unless otherwise modified, terminated or extended as permitted in this Section 9 or in this Declaration, the easements, rights, obligations, covenants and restrictions contained in this Declaration shall continue for a period of eighty -nine (89) years ( "Primary Period ") from the date hereof. Notwithstanding the foregoing, upon the expiration of the Primary Period, the term of this Declaration shall automatically renew for successive periods of ten (10) years each (each such period being referred to as an "Extension Period ") unless, at least ninety (90) days prior to the date of expiration of the Primary Period or Extension Period then in effect, seventy -five percent (75 %) of the Owners of all the Properties execute a written instrument of termination, in which event, this Declaration shall expire at the end of the Primary Period or Extension Period then in effect. 92 Amendment and Termination. This Declaration or any provision herein contained may not be terminated or amended in any manner without the express written consent of the Declarant or its designee. No amendment, modification, extension or termination of this Declaration will be effective against any mortgagee or beneficiary under a mortgage or deed of trust subsequent to such mortgagee's or beneficiary's acquiring title to a portion or all of a Parcel by foreclosure, unless such mortgagee or beneficiary has so consented in writing. No tenant, licensee or other person having only a possessory interest in a Parcel is required to join in the execution of or consent to any action of the Owner of such Parcel taken pursuant to this Declaration. 41