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201607179
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Last modified
7/28/2017 8:43:30 AM
Creation date
10/28/2016 9:10:31 AM
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DEEDS
Inst Number
201607179
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payment of 48°Io af t�1e Maintenance Costs arld the❑wner af Parcel�shall co�n�nence <br /> payment of SZ°/a af the Maintenance Costs. <br /> In the event a fee owner fai�s to pay its share�f the Maintenance C�sts, the ath�r fee <br /> owner may,but is not obligated ta,pay the Maintenance C`osts of the defau�ting fee owner and <br /> place a lien a�ainst th� praperty owned by defaulting fee owne�- un�il the non-defaulting fee <br /> owner is reimbursed for Maintenance Casts paid on hehalf of the defaulting fee awner. Any <br /> such lien shall he subordinate to any third party finan�ing debt secured by Farcel 1 or Parcel Z. <br /> �n iln e�en#shall the failure fo pay Maintenance Costs result in the�oss of usage of the A�ce�s <br /> Easement. <br /> 4. A urtenant Easement. The Access Ea�ement created hereunder sha��be <br /> appurtenant to and burden the respecti�e portians of Parcel I and Parcel 2. <br /> B. PARKING EASEMENT. <br /> 1. Creation of Easement. T5]� and TS 12 PHASE II, hereby cr�ate, grant and <br /> e�tablish nan-exclusi�e easements a�er and across the existing aba�e-ground parking areas and <br /> any additional ab��e-gr�und parking areas created in the future, as such parkinb areas may be <br /> lacated from time to time,on Parcel l for the benefit af Parcel 2 and on Parcel 2 for the benef t <br /> of Parcel 1 f�r use by the Users in parking in the above-�round parking sta�ls established on su�h <br /> portions of Par�el � and Parce�2�"Parkzng Easement''}. The Parking EaseineYlt sha�l be used by <br /> the Users in accordance with all Regulatians. The fee owner�s}of Parcel 1 and Parce�2 shall not <br /> interfere with the use,operatian,maintenance,repair,replacement or canstruction on the Parking <br /> Easement. The fee owner�s}of Parcel � and Parcel 2 may make reasonal�le rule�to regulate the <br /> 3 <br />
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