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2 <br />201309980 <br />Easements dated August 15, 2008 (the "Third Amendment "). The Third Amendment was <br />recorded August 18, 2008 as Instrument No. 200807155. The 1999 Declaration, the First <br />Amendment, the Second Amendment and Third Amendment were further amended by a Fourth <br />Amendment to Declaration of Restrictions and Grant of Easements dated August 29, 2011 (the <br />"Fourth Amendment "). The Fourth Amendment was recorded August 30, 2011 as Instrument <br />No. 201106471. The 1999 Declaration, the First Amendment, the Second Amendment, the Third <br />Amendment and the Fourth Amendment are hereinafter collectively referred to as the <br />"Declaration ". From and after the date of Owner's acquisition of the Property, Owner and its <br />successors and assigns agree to assume and perform all of the obligations under the Declaration, <br />if any, imposed on the owner of the Property or which are applicable to the Property during the <br />period of Owner's ownership of the Property. Developer shall be responsible to perform all of <br />the obligations under the Declaration arising or accruing prior to the acquisition of the Property <br />by the Owner, if any, imposed on the owner of the Property or which are applicable to the <br />Property. <br />2. Plans. Prior to or concurrent with the Closing under the Purchase Agreement, <br />Owner and Developer shall have reasonably agreed upon (a) a Site Plan and grading plan of the <br />Property depicting (i) any building and all other improvements to be constructed on the Property, <br />and (ii) the grading activities to be conducted on the Property (such grading plan, building and <br />other improvements are referred to collectively as the "Project "); and (b) architecturally certified <br />Plans and Specifications of the Project, including elevations of the building, landscaping plans, <br />and exterior signage drawings. <br />3. Restrictions. The Property shall be subject to the following restrictions which <br />may be deleted or modified only with the prior consent of Developer which may be withheld in <br />its sole discretion: <br />A. Use of Property. The building constructed within the Property <br />shall be used and operated initially as a PepperJax Grill restaurant not to exceed a <br />gross floor area of six thousand (6,000) square feet of gross building floor area, <br />and thereafter as a single tenant or occupant building. The Property in no event <br />shall be occupied by more than one (1) business. The Property shall not be <br />subsequently occupied or used for any purpose or use which violates the <br />provisions of the Declaration referred to in Section 1 of this Agreement, or for <br />any of the following uses or purposes: (i) as a discount department store or other <br />discount store; or (ii) as a supermarket or grocery store; or (iii) as a drug store; or <br />(iv) as a pharmacy or prescription ordering, processing or delivery facility, <br />whether or not a pharmacist is present at such facility, or for any other purpose <br />requiring a qualified pharmacist or other person authorized by law to dispense <br />medicinal drugs, directly or indirectly, for a fee or remuneration of any kind; or <br />(v) as a facility dispensing gasoline or petroleum products or as a convenience <br />food mart, or combination of both; or (vi) as an establishment dispensing <br />prescription drugs; or (vii) as a department store; or (viii) for the retail sale of pets <br />(including but not limited to fish, birds, reptiles, dogs, cats and other small <br />mammals), pet grooming, veterinary and other pet services, pet food, pet <br />accessories and other pet products; or (ix) as an automobile or truck repair <br />