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2 <br />201500495 <br />of the obligations under the Declaration arising or accruing prior to the acquisition of the <br />Property by the Owner, if any, imposed on the owner of the Property or which are applicable to <br />the Property. <br />2. Plans. Prior to the commencement of any building or any other improvements on <br />the Property, Owner shall deliver to Developer or its designee (a) a Site Plan of the Property <br />depicting (i) any building and all other improvements to be constructed on the Property, and (ii) <br />the grading activities to be conducted on the Property (such grading plan, building and other <br />improvements are referred to collectively as the "Project "); and (b) architecturally certified Plans <br />and Specifications of the Project, including elevations of the building, landscaping plans, and <br />exterior signage drawings. Developer shall have a period of fifteen (15) business days after <br />receipt within which to review and either (x) approve, (y) partially approve and suggest revisions <br />with respect to the balance, or (z) reject such Plans, which approval by the Developer will not be <br />unreasonably withheld provided such Plans are consistent with the terms of and reflective of the <br />other provisions of this Agreement. <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 as a Candlewood Suites Hotel, not exceeding four (4) <br />stories and one hundred forty (140) guest rooms (the "Hotel "). The Property shall <br />not be occupied or used (i) for any purpose or use which violates the provisions of <br />the Declaration referred to in Section 1 of this Agreement; or (ii) as a discount <br />department store or other discount store; or (iii) as a supermarket or grocery store; <br />or (iv) as a drug store; or (v) as a pharmacy or prescription ordering, processing or <br />delivery facility, whether or not a pharmacist is present at such facility, or for any <br />other purpose requiring a qualified pharmacist or other person authorized by law <br />to dispense medicinal drugs, directly or indirectly, for a fee or remuneration of <br />any kind; or (vi) as a facility dispensing gasoline or petroleum products or as a <br />convenience food mart, or combination of both; or (vii) as an establishment <br />dispensing prescription drugs; or (viii) as a department store; or (ix) for the retail <br />sale of pets (including but not limited to fish, birds, reptiles, dogs, cats and other <br />small mammals), pet grooming, veterinary and other pet services, pet food, pet <br />accessories and other pet products; or (x) as an automobile or truck repair facility; <br />or (xi) as a thrift store or liquidation outlet; or (xii) as a coin operated laundry; or <br />(xiii) for the sale of electronic equipment and components; or (xiv) for the retail <br />sale of health foods, vitamins or mineral supplements; or (xv) for the operation of <br />an open -stock branded footwear store such as Shoe Carnival or Famous Footwear; <br />an open -stock branded footwear store shall mean a store of which twenty percent <br />(20 %) of its sales area is devoted to the display and sale of open -stock branded <br />footwear; or (xvi) for the furnishing of wireless and/or wireline communications <br />services (including, without limitation, voice, data, paging, text messaging, <br />television, video, fiber optic cable and internet access), the sale and servicing of <br />wireless and/or wireline communications equipment and related accessories, or <br />