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I 84"- 002895 r NOW, THEREFORE, in consideration of the payment of One Dollar ($1.00) and in further consideration of the mutual covenants herein contained, the parties agree as follows: 1. That the Parties of the Second Part do hereby acknowledge and admit that the true boundary line between their property and the property of the Parties of the First Part is the boundary line as shown upon the survey which is attached hereto and made a part hereof by this reference. 2. That the Parties of the First Part do hereby acknowledge that the Parties of the Second Part may, without further license, have the use and enjoyment of all that portion of land owned by the Parties of the First Part which lies south of the presently existing fence, as is shown upon the survey which is attached hereto and made a part hereof by reference a 3. That this license and its burden and benefit are intended to attach and run with the premises of both parties hereto, respectively, and their heirs, assigns, transferees, predecessors and grantees in title~ 4. The duration of this License Agreement shall be for the natural life of the presently existing fence and metal shed. In the event that the presently existing fence shall be damaged or destroyed to the extent of 50% or more of its value by fire, wind, flood or other natural cause, the license shall cease to exist and is terminated. Should the metal shed be damaged or destroyed to the extent of 50% or more of its value by fire, wind, flood or other natural cause, the license shall cease to exist and is terminated. The liability for upkeep and maintaining the fence and metal shed shall be at the sole expense of the Parties of the Second Part, -2- u L L .-J L