Declaration of Restrictive Covenant

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s (reserved for recording) DECLARATION OF RESTRICTIVE COVENANT THIS DECLARATION OF RESTRICTIVE COVENANTS (the "Declaration"), is made this /141)-- day of June, 2012, by the undersigned parties, representing all of the owners in fee of the land hereinafter described, lying in Hennepin County, Minnesota. WHEREAS, Raymond E. Kang and Kimberly D. Kang, husband and wife, are the fee owners of real property legally described as follows: The West 245 feet of the East 741.6 feet of that part of the Southwest Quarter of the Northeast Quarter of Section 31, Township 118 North, Range 23 West of the 5th Principal Meridian lying south of the centerline of Watertown Road, all in Hennepin County, Minnesota; and WHEREAS, property owners have applied to the City of Orono for Permit No. 2012- 00379 to construct an 1152 square foot pole barn ("Oversized Accessory Structure"); and WHEREAS, the undersigned parties desire to impose upon and subject said land to certain covenants, conditions, restrictions and reservations for the benefit of said land and its present and future owners; NOW. THEREFORE, the undersigned parties hereby declare, impose upon, create and establish the following covenants, conditions and restrictions upon the property: 1. PROHIBITION ON USES. A. If the property is subdivided, the Oversized Accessory Structure and principal structure will be located together within a lot that meets the minimum lot area requirement for the given size of accessory building unless the City in its subdivision approval may grant a finite time period in which the Oversized Accessory Structure may remain without a principal structure, in order that a principal structure may be constructed. At the end of this time period, the Oversized Accessory Structure must be removed if no principal structure has been constructed. 140097 1