203-22 Mutual General Release Covenant Not to Sue and Dismissal of Litigaiton - (combined).pdf

UPDATED 7/15/2022 5 PM b, the preparation and recording of an easement on, over, in, upon and through the Property reserved for by the Seller for the public benefit for use of the Community Room Use (the “Easement”). The Community Room Use and Easement shall be perpetual and recotded as a deed restiiction. c, This provision shall survive Closing. 5(a)(v). ‘The preparation and execution of a deed restriction that restricts the rent, occupancy or use of the units as low- and moderate-income residential housing in accordance with Paragraph 4 herein for each residential unit to be recorded with the Closing Deliverables listed in paragraph 7. 3. Prior to, and as a condition precedent to Closing, the parties shall negotiate in good faith the following: (i) an casement on, over, in upon and through the Property for the Community Room and for the provision of ingress and egress to and from the Conamunity Room, and (ii) an easement on, over, in upon and through certain property of the Seller for the purpose of providing egress and ingress to certain parking spaces to be used as part of the Project (“Parking Space Easement”). The parties recognize that mutual indemnification provisions shall be provided for in said easement agreements. Accordingly, Paragraph 7 shall be amended and supplemented to state the following: 7. Closing Deliverables. At the Closing, the Seller shall deliver the following to the Purchaser: e, an easement on, over, in upon and through certain property of the Seller for the purpose of providing egress and ingress for vehicular and pedestrian access to, and use of six parking spaces in connection with and to be used as part of the Project (“Parking Space Easement”), which shall be negotiated in good faith by the parties and include the following provision: Indemnification. Each party hereby agrees to indemnify, defénd and hold harmless the other Party, its successors and assigns, its officers, contractors, agents, employees, servants or any of them, from and against 3+