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ott <br /> AGREEMENT <br /> Date: October S , 2006 <br /> Parties: William J. Lansing and Megyn J. Lansing, husband and wife ("Lansings") <br /> James E. Suddendorf and Marian A. Suddendorf, husband and wife <br /> ("Suddendorfs") <br /> RECITALS <br /> A. Lansings are the fee owners of real property in Hennepin County,Minnesota,legally <br /> described as Lot 1, Block 1, Ryanwood, according to the recorded plat thereof("Lot 1"). <br /> B. Suddendorfs are the fee owners of real property in Hennepin County, Minnesota, <br /> legally described as Lot 2, Block 1, Ryanwood, according to the recorded plat thereof("Lot 2"). <br /> C. Lot 1 is burdened by an appurtenant easement for ingress and egress for the benefit of <br /> Lot 2 as reserved in the Warranty Deed recorded March 5, 1985, as Hennepin County Registrar of <br /> Titles Document No. 1630607 (said appurtenant easement being herein referred to as the"Existing <br /> Driveway Easement"). <br /> D. Lansings and Suddendorfs have agreed the Existing Driveway Easement shall be <br /> released and terminated on the condition Suddendorfs are granted the new driveway easement over <br /> Lot 1 upon the terms and conditions stated in this Agreement ("New Driveway Easement"). <br /> Lansings and Suddendorfs are entering into this Agreement for the purpose of stating their <br /> agreement regarding: i) the termination and release of the Existing Driveway Easement and the <br /> granting of the New Driveway Easement for the benefit of Lot 2, and ii) the terms, covenants and <br /> conditions agreed to by the parties for the execution and delivery of the Declaration identified in <br /> Paragraph 1 of this Agreement. <br /> c:\Suddendorf\Agreement.clean.083006 - 1 - <br />