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200510796
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Last modified
3/4/2012 10:37:57 AM
Creation date
10/31/2005 3:22:10 PM
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DEEDS
Inst Number
200510796
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20051079E <br />7. Mechanics' and Materialman's Liens. Each party hereby agrees not to permit or <br />suffer and, to the extent so permitted or suffered, shall cause to be promptly removed and <br />released any mechanic's or materialman's lien on the other party's parcel. The party whose <br />parcel has been improperly liened may, at its option and at the other party's cost and expense, <br />with the assistance of attorneys of that party's choosing, enter into, defend, prosecute or pursue <br />any effort or action (whether or not litigation is involved) which such liened party deems <br />reasonably necessary to defend itself or its parcel from and against all claims or liability arising <br />by, through or under the other party as described herein. <br />8. Notices. Any notice, billing or other communication permitted or required to be <br />given pursuant to this Agreement to any party shall be deemed to have been duly given 3 <br />business days after being mailed by certified mail, return receipt requested, or one business day <br />following its deposit with a courier promising next business day delivery, if delivered via <br />overnight messenger service, or immediately upon hand delivery addressed to the parties at those <br />addresses set forth in the initial Section of this Agreement. Either party may change its address <br />by providing notice in accordance with the foregoing. <br />9. General Provisions. <br />(a) Covenants Running With the Land. The benefits and burdens of this <br />Agreement touch and concern and run with the land and are binding upon and shall inure to the <br />benefit of the respective successors and assigns of the parties to this Agreement, subject to the <br />provisions of this Agreement. <br />(b) Transfer of Ownership. Upon the transfer of ownership by Northcott of <br />the Northcott Parcel or Edgemark of the Edgemark Parcel, liability of the transferor for the <br />breach of any covenant under this Agreement occurring after the transfer will automatically <br />terminate, and any transferee of such property shall, by acceptance of the conveyance thereof, be <br />deemed to have agreed to assume such liability from and after the date of the transfer. <br />(c) Exhibits. All recitals and all exhibits referred to in this Agreement are <br />incorporated in this Agreement by reference and will be deemed part of this Agreement for all <br />purposes as if set forth at length herein. <br />(d) Modifications; Waiver. This Agreement may not be modified or <br />discharged in any respect, except by a further agreement in writing duly executed by the parties <br />or their successors in interest. However, any consent, waiver, approval or authorization will be <br />effective if signed by the party granting or making such consent, waiver, approval or <br />authorization. No waiver shall be deemed a continuing waiver with respect to any breach or <br />default, whether of similar or different nature, unless expressly stated in writing. <br />(e) Attorneys' Fees. The prevailing party in any legal proceeding brought <br />to enforce rights hereunder shall recover from the other party its reasonable attorneys' fees and <br />costs. As used herein, the term "prevailing party" means the party entitled to recover its costs <br />and attorneys' fees in any arbitration, mediation or other form of procedure, whether or not <br />brought to final termination or whether or not incurred before or after the demand for such <br />arbitration, mediation or other legal procedure. <br />{31081.120.10/18 /2005 05:33 PM.JEPE.A0209405.DOC;3) 5 <br />
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