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200705493 Any special assessment for capital improvements to the Commons (defined as any improvement costing more than fifty percent of the prior year's budget for maintenance of the commons) shall be approved by the atfmnative vote of two-thirds of the members entitled to vote at a regular meeting of the members or at a special meeting of the members, if notice of a special assessment is contained in the notice of special meeting. Members entitled to vote may vote in person or by proxy. Annual and special assessments shall be uniform as to each lot within the Properties. Each assessment shall be the personal obligation of the member who is, or was, the titleholder of the lot assessed at the time of the assessment, shall be subject to a late charge fee as determined from time to time by the Board of Directors and shall bear interest at the rate of 14 percent per annum commencing 30 days from the date of assessment until paid. When shown of record, assessments shall be a lien upon the lot assessed. 17. LIEN OF ASSESSMENTS: The lien of any annual or special assessment shall, until shown of record, be subordinate to the lien of any mortgage placed upon the lot against which the assessment is levied. 18. AMENDMENTS: Tbese Restrictive Covenants shall run with the land and shall be binding upon and enforceable by the undersigned and all persons claiming under the undersigned. These Restrictive Covenants may be terminated or modified, in writing, by the owners of two-thirds of the lots within the Properties, at any time. 19. ENFORCEMENT: The enforcement of these Restrictive Covenants may be by proceedings at law or in equity against any person violating or attempting to violate any provision hereof The proceedings may be to restrain the violation, or to recover damages and, by the Corporation, may be to enforce any lien or obligation created hereby. 20. SEVERABILITY: The invalidation of any one of these Restrictive Covenants shall not affect the validity of the remaining provisions hereof Dated:~, 2007. O. RIVERSIDE ACRES HOMEOWNERS ASSOCIATION, INC., a Nebraska Corporation By ~~ft-~ K v' . Brostrom, Secretary STATE OF NEBRASKA ) )ss: COUNTY OF HALL ) The foregoing instrument was acknowledged before me on ~~ "d1 ,2007, by 5