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L <br />DECLARATION OF COVENANTS <br />THIS DECLARATION OF COVENANTS is made this dav of <br />, 1991, by and between THE CIT'/ OP ORONO, a <br />municipal corporation ("Orono"), and THE CI*Y C.- -C.-.G i-AKr., a <br />municipal corporation ("Long Lake"). <br />RECITALS <br />Long Lake is the fee owner of certain real property which <br />is legally described on Exhibit A attached hereto (the <br />"Property"). The Property is currently within the city limits <br />of Orono# It is the intent of Long Lake and Orono to bind the <br />Property to certain zoning restrictions and conditions,^to <br />allow the intended development of. the Property by Long i.ako. <br />NOW, THEREFORE, In consideration of the foregoing and other <br />good and valuable consideration, the receipt of which is hereby <br />acknowledged, Long Lake and Orono agree as follows: <br />1, The Property has been rezoned by Orono to a <br />classification of <br />which allows the following uses: <br />and is subject to the following conditions; <br />2. '’’he Property ha^s been replatted by Orono as <br />. The Property shall be developed into no mere than. <br />mmn (12) fllnole family lots, the configuration of which i <br />set forth on Exhibit B attached hereto. <br />4. The foregoing restrictions shall apply to and bind each <br />and every owner of any part of the Property and their <br />respective personal representatives, successors and assigns, <br />and ahall operate as a covenant passing with the title to the <br />Property. <br />IN WITNESS WHEREOF, Long Lake and Orono have executed this <br />Declaration on the above date. <br />THE CITY OF ORONO <br />i.tS <br />Its <br />■ iMbfAk - -fwn ^^ A lA*. Ma a k A r '•a J ^ i t Maa.Ai A.i -* —ar