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200906201 <br />such Easement Area and be binding on the Grantor and its successors, heirs and any <br />person who shall, after the effective date of this instrument acquire title to 'whe Easement <br />Are<~. <br />3. Scope of Eagemeats. The easements granted" herein shall not provide a <br />greater or different right of ingress and egress than provided to Grantox, its tenants or <br />residents. <br />4. Maintenance. Grantor shall be responsible for the maintenance of the <br />Easement Area, including striping, resurfacing, snow removal, and other maintenance <br />items necessary to be done to the Easement Area. Tn consideration of the grant of the <br />easement, the Grantees axed their successors and assigns shall pay to Grantor their <br />"Allocable Share" of the annual maintenance costs of the Easement Area as a quarterly <br />coritribution of 1/4 of the total of such costs clue and payable on the 1'' day of each <br />quarter (January, April, July, ~ctoberj upon notice from Grantor ("Maintenance <br />Payment") .Grantor and Grantees shall j ointly develop a budget for the maintenance of the <br />Easement Area. The annual maintenance costs shall be allocated based on square footage <br />owned by Grantor and each Grantee so that the nuxnerator is the square footage owned <br />by Grantor or Grantee and the denominator is the total square footage of the abutting <br />properties using the easement area. The allocations for each party for such maintenance <br />costs as budgeted will be as follows: <br />A. GILD Pror~erty -Twenty-four percent (24%) <br />$3,675.30 sq. ft./35D,945.21 <br />B. Illyde _Pro~ -Thirteen and one-half percent (13.5%) <br />47,241.23 sq. ft./35D, 945.21 <br />C. Buffalo Property -Thirteen and one-half percent (13.5%) <br />47,239.76 sq. ft./350,945.21 <br />D. CR-PRP Property -Forty-Nine percent (49%) <br />172,788.92 sq. ft./350.945.21 <br />Annually thereafter, Grantor and Grantees shall jointly prepare a budget for the <br />maintenance of the Easement Area and each party shall be responsible for the payment <br />of their Allocable Share of such costs on a quarterly basis as described above. At the <br />conclusion of each year, Grantor shall conduct a reconciliation of the actual cost of such <br />maintenance to the budget and shall notify each Grantee of any variance thereof. In the <br />event that the actual costs exceed the budget, each Grantee shall pay their Allocable <br />Share of such excess to Grantor within thirty (30) days of such notice. To the extent that <br />the actual cost is less than the budgeted annount, any overpayment shall be applied to the <br />next year's budget. <br />5. Entire Agreement. This Easement Agreement coxistitutes the entire <br />agreement between the parties and any prior understanding or representation of any kind <br />preceding the date of this Easezn.ent Agreement shall not be binding on the parties except <br />to the extent incorporated in this Easement Agreement. This Easement Agreement shall <br />be construed and interpreted in accordance with the laws of the State of Nebraska. <br />0965237.3 <br />