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<br />200605158 <br /> <br />1. Declarant hereby declares, grants and conveys for itself, its agents, successors and <br />assigns, a non-exclusive easement on, over and across the Sign Parcel for the construction, <br />installation, maintenance, repair, replacement and removal of the Sign, and the right of ingress and <br />egress across the Access Parcel to access the Sign Parcel and the Sign. Upon the completion of any <br />work on the Sign or the Sign Parcel, Declarant, at its sole cost and expense, shall promptly repair and <br />restore any material damage to the Sign Parcel and the Access Parcel resulting from any such entry. <br /> <br />2. Declarant shall maintain, repair and replace the Sign in a good and attractive <br />operating condition. Any and all work performed in connection with the Sign shall be done in a <br />good and workmanlike manner and, once commenced, shall be promptly and diligently pursued to <br />completion. Any and all such work shall be done in a manner so as not to unreasonably interfere <br />with the operations being conducted on or from the Property. <br /> <br />3. The Owner of Lot 1, Martin's Third Subdivision shall have the right to use one-half <br />of the lowest panel on the Sign as shown on Exhibit B-1. <br /> <br />4. Each and every one of the benefits and burdens ofthis Declaration shall inure to and <br />be binding upon the respective successors and assigns of Declarant. The benefits and burdens hereof <br />shall be a covenant running with the land and be appurtenant thereto. <br /> <br />5. This Declaration shall be governed and construed in accordance with the laws ofthe <br />State in which the Property is located. <br /> <br />'J~- <br />~ITNESS WHEREOF, the undersigned has executed this Declaration as of the --L--.- <br />day of 7//l~-' 2006. <br /> <br />DECLARANT: <br /> <br />281 & OLD POTASH LLC, a Nebraska <br />limited liability company <br /> <br />By: Edgemark Development LLC, a <br />Colorado limited liability company, <br />Manager <br /> <br />By: <br /> <br /> <br />{31858.4.5/24/2006 02: 13 PM.MWIL.A0223968.DOC;2} <br /> <br />2 <br />