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<br />--..' <br /> <br />Agreement for Covenants and Restrictions on Use of Property <br />Page 2 of 2. <br /> <br />200900468 <br /> <br />2. Restrictions regarding insurance agencies or companies, and/or other <br />businesses offering insurance or insurance products, and advertising by such businesses. <br />Frederick Development, LLC, as Buyer, hereby covenants with the Bank of <br />Doniphan, Seller and agrees to Seller's restriction that no insurance agency or company, or other <br />businesses offering insurance or insurance products of any kind shall be permitted to conduct <br />business on the property for a period of fifteen (15) years from the date of this agreement, or until <br />January 23, 2024, whichever date may come first. This restriction shall also include the <br />advertisement or promotion by any insurance agency or company, or other businesses offering <br />insurance or insurance products of any kind on any signage owned by Frederick Development, <br />LLC which is located on the property. <br /> <br />3. Sale of property prior to JanuaJy 23, 2024. <br />In the event Frederick Development, LLC, or any subsequent owner of the <br />property should sell the property prior to January 23,2024, then Frederick Development, LLC, its <br />successor in name or interest, and/or any subsequent owner(s) of the property hereby agree the <br />covenants and the restrictions on the use of the property described herein shall be included in any <br />contract for the sale of the property to subsequent purchasers. <br /> <br />IN WITNESS WHEREOF, this Agreement for Covenants and Restrictions on <br />the Use of Property including all terms and conditions contained herein, is hereby accepted and <br />agreed to by the Declarants described herein on this ;J;J.tJ.D day of January, 2009. <br /> <br /> <br />., <br /> <br />ember of Frederick Development, LLC <br /> <br />ST TE OF NEBRASKA ) <br />COUNTY OF HALL ) ss: tJJ <br />The foregoing instrument was acknowledged before me this 2.:2.. 7" day of January, 2009, by <br />Kenneth L. Frederick. ~_ '" A~ /? ~ <br />GENERAL NOTARY . State of Nebraska ~'/_ ~ ~ <br />TERRY M. CONNICK Notary Public <br />DE~~~ ~Co~.~.M31,20t1 <br /> <br /> <br />Steven L. Anderson, President and CEO <br />Bank of Donipban <br /> <br />STATE OF NEBRASKA ) <br />COuNTY OF HALL ) S8: l <br />The foregoing instrument was acknowledged before me this ~ ,.....-- day of January, 2009, by <br />Steven L. Anderson, President and Chief Executive Officer of the Bank of ~ <br />~7./~ <br />GENERAL NOTARY. State of Nebraska Notary Public <br />TERRY M. CONNICK <br />My Comm. Exp. Oct. 31. 2011 <br /> <br />