I. Land Use and Construction Requirements

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DECLAR4 TlON OF RESTRICTIONS TO THE PLA T OF RIVER ROAD ESTATES, VIllAGE OF TREMPEALEAU DECLARATION OF RESTRICTIONS TO THE PLAT OF RIVER ROAD ESTATES, VILLAGE OF TREMPEALEAU TREMPEALEAU COUNTY, WISCONSIN River Road Place, LLC, the Owner of all of the real estate described below, hereby make the following declaration as to limitations, restrictions, and uses of the land for the benefit of the present owners and all future Owners of all Lots located in the Plat of River Road Estates, located in the Village of Trempealeau, Trempealeau County, Wisconsin (hereafter "Lots"). The declarations herein shall be covenants running with the land, as provided by law, and shall be binding on all parties and all persons claiming under them. RETURN TO: Attorney James W. McNeilly, Jr. Lakelaw 7 Rivers La Crosse 319 Main St., Suite 500 La Crosse, WI 54601 NUMBERS: PARCEL 28-1381-0000; 28-1391- 0000; 28-1368-0000 Lots 1-10, Block 1; Lots 1-13, Block 2, Lots 1-14, Block 3; Lots 1 35, Block 4; Lots 1-6, Block 5; Lots 1-9, Block 6; Lots 1 14, Block 7; Lots 1-20, Block 8; Lots 1-36, Block 9; Lots 1 3, Block 10; Lots 1-11, Block 11; and Lots 1-5, Block 12 Plat of River Road Estates, Village of Trempealeau, Trempealeau County, Wisconsin. I. Land Use and Construction Requirements All Lots, except for Lots 1 5, 11,12, and 13 in Block family residence purposes. Lots 1-5, 11,12, and 13-10 in Block One (1), and Lots 1 - Two (2), shall be used for single- Lots 1-10 in Block One (1), and in Block Two (2), shall be used for - I -

DECLAR4T10N OF RESTRICTIONS TO THE PLA T OF RNER ROAD ESTATES. VILLAGE OF TREMPEALEAU dup'le x dwelling or two single family units, zero (fltwindominium") residence purposes. lot line attached A) All dwellings constructed shall be constructed to meet the following minimum requirements: B) Any such single-family, duplex or twindominium dwellings shall have a minimum cost of One Hundred Twenty Thousand Dollars ($120,000.00) at the time of construction based upon existing construction costs of August 1, 2007. The valuation shall include the value of the dwelling, garage, plumbing, electrical, heating and cooling systems, but shall not include appliances, furnishings, nor the land. The total square footage of the finished floors of the main structure, exclusive of open porches and garages, shall not be less than one thousand four hundred (1,400) square feet per structure for a single family residence; nine hundred (900) square feet per unit for duplex and twindominium dwellings; one thousand five hundred (1,500) square feet for a two-story dwelling; and one thousand five hundred (1,500) square feet for any other multistory dwelling. The first floor living space shall be no less than twenty-four inches (24") and no more than thirty-six inches (36 fl ) above curb level. C) All buildings must be either stick built on the job site, be pre-fabricated off-site, or be of panelized construction. No building or outbuildings shall be erected, constructed, altered or placed on any Lot, until and unless the plans and specifications therefor and a plan showing the location and details of the structure have been approved by RRLLC as to the quality of workmanship and materials, and harmony of external design with existing structures. 0) All dwellings must have a garage, (two-car for single family residences and one car per living unit for duplexes and t.w.i ndom i.n i ums ), sidewalks and a blacktop or concrete driveway. All dwellings must also comply with all applicable building codes. Sidewalks and driveways must be installed before time of occupancy. E) No mobile homes, as defined by Wis. Stats. Sec. 66.0435 (1)d, log buildings, basement homes, or previously erected buildings shall be erected or placed on any Lot. F) The construction of any building on Lots, including all landscaping and sodding yards, shall be completed within six months any of the subject or seeding of all from the date of - 2 -

DECLARATION OF RESmlCTIONS TO THE PLAT OF RIVER ROAD ESTATES, VIUAGE OF TREMPEALEAU commencement. No puilding shall be allowed to remain with tarpaper or building paper sheathing for a period of longer than three months. The construction site shall be picked up and reasonably free of debris at all times. G) No outbuildings residence. trailer, shall be tent, used shack, as a garage, temporary barn or or other permanent H) The Owners of each Lot are responsible for insuring that their property is properly drained and does not cause water to drain onto neighboring Lots. I) RRLLC will be responsible for the miscellaneous park fees charged by the Village of Trempealeau for a single family horne and for a duplex. The Owner of a three-plex or a multiplex shall be responsible for the miscellaneous park fees charged by the Village of Trempealeau. II. Architectural Control No building, fences or outbuildings shall be erected, placed or altered, nor any landscaping commenced, until the plans and specifications therefor and a plan showing the location and details of the structure or landscaping have been approved by the Architectural Control Committee (hereafter "Committee") as to the quality of workmanship and materials, and harmony of external design with existing structures. III. Architectural Control Committee While RRLLC retains ownership of any Lot, this Committee shall consist of three members appointed by RRLLC. The Committee may appoint a representative to act for them. When RRLLC ceases to own any of the subj ect Lots, a maj ori ty of the then record Owners of the Lots shall have one vote per Lot and shall elect three members to the Committee. IV. Swimming Pools All pools must be enclosed by a fence and have a gate that must be secured. be allowed if adequate screens from passers-by are installed. with a height of six feet Above ground pools shall the view of neighbors or V. Fences - 3 -

DECLARATION OF RESTRICTIONS TO THE PLA T OF RIVER ROAD ESTATES, VIUAGE OF TREMPEALEAU Any and all fences shall be constructed of wood or vinyl, and be at most, six feet (6') in height from ground level. All fences shall also comply with all County and Village ordinances and regulations. If the requirements set forth in this paragraph conflict with County or Village ordinances or regulations, said ordinances or regulations shall control. VI. Signs No sign of any kind shall be displayed to the public view on any Lot except: One professionally made, permanent sign, and temporary signs advertising the property for sale, neither of which shall exceed four (4) square feet in size, except as follows: 1) A permanent sign or monument with the name of the development may be erected and maintained as directed by the Architectural Control Committee, and 2) Temporary signs of any size placed by RRLLC or its agents pertaining to the sale of the Lots until the last of the Lots owned by RRLLC have been sold. VII. Noxious Practices No noxious or offensive trade, acti vi ty or practice shall be carried on upon the Lots, nor shall any trade become an annoyance or a nuisance to other residents. No outdoor wood burning furnaces are allowed. Rubbish, trash, garbage and other waste shall be kept in clean and sanitary containers, and either stored indoors, or sheltered from public view by fencing or other aesthetically pleasing screening, except on trash pickup day. No incinerators or permanent or semi-permanent dumpsters are allowed. VIII. Animals No domestic Lot, except total of two animals, chicks or other fowl may be that any property Owner may keep not dogs or cats. kept more on any than a IX. Parking and Storage of Vehicles and Boats Motor homes, camping trailers, boat trailers, boats, buses and trucks over one ton, or other recreational vehicle shall not be stored or parked on any Lot nor on any street within the subject plat for more than seventy-two (72) hours, except that said items may be stored or parked within a garage attached to any dwelling. No semi-tractors and trailers shall be stored or parked on said Lots, nor any street wi thin the subj ect real - 4 -

DECL4RA TION OF RESTRICTIONS TO THE PL4 T OF RIVER ROAD ESTA TES, VILlAGE OF TREMPEALEAU estate at any time except for the purpose of making deliveries or moving persons into or out of residences. x. Outdoor Lighting, Television Satellite Dishes and Towers Unless approved by the Committee, exterior lighting not attached to the dwelling shall not be placed higher than eight (8') feet from ground level and no television satellite dishes larger than 18" in diameter shall be placed or erected on any Lot. Radio or television towers may not exceed fifteen (15') feet in height from ground level. XI. Conditions for Maintenance The Owner(s) of all lots upon which twindominiums are constructed, shall comply with the following conditions for maintenance. 1) Lot shall interest building. The Owner (s) of each of the two units located on each own as an appurtenance thereof, a fifty percent (50%) as tenants in common, in the common elements of the 2) The common elements of the building are defined as: a. The eight-inch bearing on a footing. concrete party sixteen inch by wall in the eight inch basement concrete b. An eight inch width through a vertical plane upward from the basement party wall through the deck, living, attic and garage areas, including in such eight inch width the roof, soffit, brick veneer, foundation wall and the exterior siding, and including also the sound board, insulation and dry wall within such area. The unit Owner (s) will jointly maintain and repair or replace these common areas sharing the cost equally. In the event of the failure of one unit owner to pay the proportionate cost of maintenance or repair when due, the amount thereof shall constitute a lien on the interest of said Owner. 3) In the event of repair or replacement of the roof is required, all portions of said roof shall be covered with the same roofing material. - 5 -

DECLARATION OF RESTRICTIONS TO THE PL4T OF RIVER ROAD ESTA TES, VILLAGE OF TREMPEALE4U 4) In the event of painting or replacing siding, such siding on the entire premises shall be with the same material or color of paint. 5) Maintenance of these common elements is to include repair, renovation, restoration, reconstruction, rebuilding or replacement as may be necessary to maintain the two-single family unit, zero lot line, attached dwelling property in the same condition as when constructed and completed by builder. 6) The Owner (s) of each unit shall maintain the exterior grounds including trees and shrubs and shall not cause or allow any noxious weeds or plants to grow on the individual grounds and shall cause same to be removed when the same exist. 7) The architectural integrity of the building and the appearance of the grounds are of primary importance and in this regard, any additions or renovations to either unit shall not be constructed unless and until the addition is approved by the Archi tectural Control Committee for RRLLC. The front yard as defined by the code of Ordinances of the Village of Trempealeau, shall remain unencumbered within the exception of landscaping and no modification of the units shall be permitted without the express written consent of the Owners of both units. Modifications to provide for the installation of solar or modular heating units shall not be installed in any of the yards and shall only be installed after approval of the Architectural Control Committee for RRLLC. 8) The Owner (s) of each of the units shall insure their respective units and their interest in the common elements defined herein for at least one hundred percent of the replacement cost of each of the Owner (s)' units and the Owner (s)' interest in the common elements at the time of loss, with fire and extended coverage insurance, including vandalism. The Owner (s) of each unit shall provide a certificate of insurance to the other Owner (s) issued by his/her insurance company showing that such insurance is in full force and effect. Such certificate shall be furnished annually, and it shall contain provision that the Owner(s) of the other unit shall receive ten (10) days' notice of cancellation or expiration of such insurance. In the event of a fire or other peril causing partial or total destruction of any unit, the Owner(s) thereof shall be obligated to repair or replace such damage at the earliest possible date. Such repair and replacement shall be in accordance with the other terms and conditions of these provisions. 6

DECLARA TION OF RESTRICTIONS TO THE PLA T OF RIVER ROAD ESTA TES, VIUAGE OF TREMPEALEAU 9) The Owner(s) of each of the units shall be required to execute a document in recordable form agreeing to the terms and conditions herein contained. 10) If due to the negligent act or omission of a unit Owner or Owners, or a member of the Owner1s family or household pet, or a guest or other authorized occupant, or visit of such unit Owner(s), damage shall be caused to the common elements or to the other unit, or maintenance, repairs or replacements shall be required which otherwise would be at the common expense, then such un i towner (s) shall pay for such damage and such maintenance, repairs and replacements as may be required. 11) In order to resolve any dispute between the Unit Owner(s) in regard to the compliance with any of the provisions of this document, the parties must submit to binding arbitration with respect to such dispute. The Owner(s) of each unit shall appoint an arbitrator of their choice and at their expense, and the two arbi trators so appointed shall select the third arbitrator, the cost of which shall be borne equally by the parties. The decision of the arbitrators shall be final and binding and shall be enforced under the provisions of Wisconsin law. 12) The terms and conditions of this document shall be binding upon all Owners of the lands described herein and their heirs and assigns for so long as the two-single family unit, zero lot line attached dwelling is in existence. 13) The Owner (s) of the units situated on anyone lot may modify the terms and conditions of this Article XI (only insofar as the one lot is concerned) by the unanimous consent and upon the recording of an appropriate document. XII. Severability Invalidation of anyone of these restrictions by judgment or court order shall in no way affect any of the other provisions, which shall remain in full force and effect. XIII. Enforcement Any Owner of any interest (except for a security interest) in any Lot, or RRLLC shall have standing to bring proceedings at law or in equity against any person (s) violating or attempting to violate these restrictions, and shall be entitled to inj uncti ve or monetary relief (including all court costs and legal fees) or both. - 7 -

DECLARA TlON OF RESTRICTIONS TO THE PLA T OF RIVER ROAD ESTA TES, VILLAGE OF TREMPEAlEAU XIV. Amendment These Restrictions and Covenants may only be amended by RRLLC until RRLLC has sold all of the Lots. RRLLC does not require the consent of any Owner to amend these Restrictions and Covenants. Thereafter, these Restrictions and Covenants shall only be amended by an affirmative three-fourth' s vote of those Owners appearing at a meeting called for that purpose provided that notice of such meeting is given at least thirty (30) days in advance, and provided further, that the Owners of at least fifty (50%) percent of the Lots appear in person or by proxy at said meeting. For the purposes of the foregoing sentence, the Owner(s) of each Lot whether one or more, shall be entitled to one vote per Lot owned. XVI. Term These Restrictions shall terminate on February 28, 2034. IN WITNESS WHEREOF, the declaration to be executed. undersigned, have caused this Date: February 2009. River Road Place, LLC By: Robert Thorud, Member STATE OF WISCONSIN) ) ss LA CROSSE COUNTY Personally came before me this day of February, 2009 the above-named, Robert J. Thorud, to me known to be the person who executed the foregoing instrument and acknowledged the same for the said limited liability company, by its authority. Notary Public La Crosse County, Wisconsin My Commission: -------. 8 -

DECLARA TION OF RESTRICTIONS TO THE PLA T OF RIVER ROAD ESTA TES, VILLAGE OF TREMPEALEAU CONSENT OF MORTGAGEE The Citizens First Bank, Trempealeau, Wisconsin, hereby consents to the foregoing. Dated this day of February, 2009. CITIZEN'S FIRST BANK TREMPEALEAU, WISCONSIN By:, Title: _ STATE OF WISCONSIN) ) ss COUNTY) Personally came before me this day of February, 2009 the above-named, of the Citizens First Bank, Trempealeau, Wisconsin, to me known to be the person who executed the foregoing instrument and acknowledged the same for the Citizen's First Bank of Trempealeau, by its authority. THIS DOCUMENT DRAFTED BY:, Notary Publ Attorney James W. McNeilly, Jr. County, Wisconsir LAKELAW 7 RIVERS LACROSSE Suite 500, 319 Main St. My Commission: --------~ La Crosse, WI 54602-0966 - 9 -