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200316111 Upon the conveyance of all or any part of a Parcel, 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 Parcel or portion thereof conveyed to such grantee. Upon recordation of such conveyance with the Register of Deeds of Hall County, Nebraska, the conveying Owner will be released from any obligation 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. 14. 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 that this Declaration will be strictly limited, in accordance with the terms hereof, to the private use of the Permittees of each Parcel 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 or other rights have been granted in this Declaration a third party beneficiary hereunder or to give any such person or entity any rights hereunder. 15. Duration; Amendment; Termination. Unless otherwise modified, terminated or extended as permitted in this Section 15 or in this Declaration, the easements, rights, obligations, covenants and restrictions contained in this Declaration shall continue for a period of sixty -five (65) 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, ninety percent (90 %) of the Parcel Owners execute a written instrument of termination, in which event, the Declaration shall automatically expire at the end of the Primary Period or Extension Period then in effect. Except as otherwise specifically provided in this Declaration, this Declaration and any provision herein contained may be terminated, extended, modified or amended as to the Shopping Center or any Parcel, only with (a) the express written consent of all the Owners of the Parcel thereby materially adversely affected, and (b) the Declarant. No amendment, modification, extension or termination of this Declaration will be effective against any mortgagee or beneficiary under a deed of trust subsequent to such mortgagee's or beneficiary's acquiring title to a portion or all of a Parcel by foreclosure or deed in lieu of foreclosure, unless such mortgagee or beneficiary has so consented in writing. No tenant, subtenant, licensee or other person having a possessory interest in a Parcel is required to join in the execution of or consent to any action of the Owners taken pursuant to this Declaration. 15