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. . � � . 5. T'hat the above mentioned dedication shall consist of the eYecution of this document by a11 parties necessary to restrict the use and title of the easements as defined in tlie attached Exl�ibit A; and that this dacument shalI be recorded in the Office of the County Recocder for Hennepin County, Minnesota. G- Tliat a permit to devetop the wetland above described woutd not liave been granted but for the dedication of the easemenis as contained on E:chibit A for use as conservancy area; and, that upon receipt of a�certified copy of ihis document, as recorded in the Office of the County Recorder for Hennepin County, Minnesota, the District En�ineer of the St. Paul Districi of the U.S. Army Corps of Engineers wilt issue a validated permit, number 94-02434 NW J1Y, 33 CFR 330 - App, A. Nationwide permit number (2G), to the undersisned applicant; and that said permit shall be issued in consideration for the execution of this Covenant. � � � 7. Tliat the terms atid conditions of tlus Covenant of Dedication shalI, as of tiie date of execution of this document, bind the undersigned to the extent or their lebal and/or equitable interest in the property described in F,xhibit A; and that this Covenant shall run with the land and be binding on the undersigned and their heirs and assigns forever. s• That the terms and conditions of this Covenant shall be both implicitly and expiicitly included in any transfer, conveyance, or encumbrance of the property described in E�hioic � or any part thereof; and that any instrument of transfer, conveyance or encumbrance affectin� al! or any part of the property described in Exhibit A shall set forth tlle :err,�s and conditions of this document either by reference to this document or set forth in r"uil text. DEED ANp USE RESTRICTIONS � Tlie undersir�ned, Coffin Corners Partizership warrants that it is the Contract for Dee� �'endor as recited above and Orono Limited Partnership hereby warrants that they are ,he Owner in fee and Contract for Deed Vendees as recited above of the realty descr;oea as Exl�ibit A; and that the easemen'ts recited in Ext�ibit r1 are hereby dedicated in pe;pe:uic�• tor use as a conservancy area: The undersixned Orono Limited Partnership and Coffin Corners Partnership hereby agre� :o restrict tlie use and title of the easement area as recited in E.�chibit A as follo�vs: 1. No dredged oc fill material will be placed in the easement area of E.�chibit �, eYce�c as provided pursuant to permit number 94-02434 �fW 71y, 33 CFR 330 - App. A. Natiomvide permit numb�r(26). � No commercial, industrial, agricultural or residential developments, structures or buiidings shall be alJowed or perniitted in the easement area of Exhibit .�. 1'a�,e � ,�t'.: