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200807157
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Last modified
8/19/2008 7:33:00 AM
Creation date
8/19/2008 7:32:59 AM
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DEEDS
Inst Number
200807157
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<br />200807157 <br /> <br />TERMS AND CONDITIONS <br /> <br />In consideration of the foregoing Preliminary Statement, which by this reference is <br />repeated and incorporated in this portion of this Declaration in its entirety, and other good and <br />valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the <br />Declarant hereby agrees as follows: <br /> <br />1. So long as a Walgreens, CVS, Rite Aid or other national or regional drug store is <br />being operated within the Owner's Parcel (excluding periods of restoration or remodeling due to <br />casualty, repairs, strike, alterations, temporary loss of licenses or other causes beyond the user's <br />control), Declarant shall not lease, occupy or sell any part of the Subject Property to be used for <br />the operation of a drug store or a so-called prescription pharmacy or prescription ordering, <br />processing or 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 to dispense <br />medicinal drugs, directly or indirectly, for a fee or remuneration of any kind. In addition, <br />Declarant shall not be considered in violation of this Paragraph 1 to the extent of a use by any <br />tenant of the Eagle Run Shopping Center whose lease predates the execution of this Declaration <br />and which existing lease does not require such tenant to abide by future use restrictions. To the <br />extent that any existing lease requires approval to any change of use or assignment or sublease, <br />and to the extent that Declarant or its affiliate may condition its consent upon the adherence of <br />such change of use or assignment or sublease to any exclusive uses, Declarant or its affiliate <br />shall withhold its consent to any such change of use or assignment of sublease that would violate <br />this Paragraph 1. <br /> <br />2. In the event of a default hereunder by Declarant, Owner may institute an action <br />against the Declarant for specific performance, declaratory or injunctive relief, or any other <br />available equitable remedy. No remedy provided in this Declaration shall be exclusive, but each <br />shall be cumulative with all other remedies specificaIly provided in this Declaration. <br /> <br />3. The prevailing party in any action to enforce any provision of this Declaration <br />shaIl be entitled to receive from the other party the prevailing party's reasonable costs and <br />expenses incurred in connection with such action including, without limitation, reasonable <br />attorneys' fees and court costs. <br /> <br />4. No delay or omission of Owner in the exercise or enforcement of any right <br />accruing upon any default by Declarant shall impair any such right to be construed to be a waiver <br />thereof, and every such right may be exercised at any time during the continuance of such <br />default. A waiver by Owner of a breach or a default of any other terms and conditions of this <br />Declaration shall not be construed to be a waiver of any subsequent breach or default ofthe same <br />or any other provisions of this Declaration. <br /> <br />5. Every notice, demand, consent, approval or other document or instrument <br />required or permitted to be served upon or given to any party hereunder shall be in writing and <br />shall be delivered in person or sent by nationally recognized overnight courier service or by <br />registered or certified mail, postage prepaid, return receipt requested, to the following addresses: <br /> <br />2 <br />
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