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--~07/28/2004 08:31 9524759293 CB BURNET GWS PAGE 04 .. -..:---... :.- ' I EASEMENl' AGREEMENT TRIS EASEMENT AOR.EEMRNT need an ilUl.Qr il'lto thist£.~y of~tte • 2001 l>y and between Orvlllo ll. Flshet. Jr. and Alexa~ O, Fisher.111.isband and wife (''herein11f'ter•1orantce") and G1nylC. Valerius a\k\a<Juy Robort Valeriu,, 11ln.11:le person (hcrc:inat\er ''Grantor'1, RECITALS FIRS'l'! The Omuor is the fee owner oftlu1 relll property described ■s follow.a: SECOND: Lots I and l, Block J, Valedus Addlti~n. Hennepin County, Minnesota, and Outlot .B, Burgers Bayside Sceo11d Addition, Hennepin County, Minncsolll (hcreina.flec "Outlot 13•~. The Clrantor has entered into • purchase ngrcM"tent with tho Grantee for the .sale of the real property desc=ribed as'follows (hereinafter "Lot 1 N): Lat 1, Bloclc l, Valerius; Addition, Hennepin CoWlty, Minnesota THIRD: In conneerion with tlte purchase of Lott by the Onmtee. the Orantor hus ajp'eed to gmit to the Ortmtce the tlliemcnt hereinafter described. NOW. THEREFORE, in oonlideration or the mumat. promlses, covenants and col\'ditions herein contai11ed, the .. p&rties do hereby agree as follows: l.Grant ofEosomont. Tho Grantor he~by tmnts to the Gruntcc, and their suc:c:usors nnd assigns as owners of Lot 1, an e11en1ent over and 11eross Outlot B for p11rpose$ of ini:ress 11nd egress to Lake Mil\tlctonka, including rhe right to install and\or build and construct on the ihor:eline of Lake MinnetonJ.:i, a dor.:k o( Granteo's choioo tor th.cir exclusive use and enjoyment and the use and enjoyment of their gucists and invitees; provided. however, in the event thnt tile Oran.tor 11.t Ws sole cost 1111d cxpc:11$C inst11Jl.s n suitable common dock on Outl()t B · · (''Co1t1.mot1 Dock:'') for the common use and enjoyment o ( the owners of Lots 1 and 2, Vale nus Addition. Hennepin County. Minnesot11, the Grantee shall have the right, 11t their sole: cost nnd expense, to c:onstt\lct 11nd install for thoir exclusive use: and enjoyment, an addition to such Common Dock extending fL'On'l the Common. Dode i1uo the open. water of Lake MiMetonl,."11. · · 2. Cost oC Corntnou Dock. The co.st and expense to build ,md constmct a Cammon Dock up to the edge of the open water of Lake Milmctonka shall be paid !or solely by the Gi:antcr; provided, however, th11t tlle cost to maintain the Common Dock .shall be bomf equally by the Orantor and tile Gtnntee . .All costs ond c~pen.ses incurred by the Grantee e.nd the Ora.ntar to construct and install an addition to the Conunon Dock to the open water or by each p11ey shall be borne by each party with n:spcct to his own addition to the Conm101\ Ooek. 3 In11Arance. The Granto and. Grantor shall each obtain and mnlntain public: liability insurance in an amount not le5s than Sl,000,000,00 for pe:rsonal iajury and $50,000.00 for property d:imaae, to cover tbe lla.bi~ity of the parties for any_ dalll:lge or injmy occurring on Outlot B and on any dock installed theri:on, Each p11rty shall be named as an additional insured on tl1e other policy cmd shnll furnish to the other party a ccnitientc ofsuc:h iosuusnc:c. 4. Negtlgtm:c. Each pitty .1h11JI be linblc fol' the expense of ally repair or teplacement of the Common Dock re.ndcrcd nece$Sary by its act, neglccl or c:acclcnness or by th11t ofita sui:sts and invitees to the extent that sue.It expense i$ not covered by the pr~eeds of any insurnnce ean·icd by the: p11rties. S • .Appronls and Dl1pute Resolution. All disputes rclnting to tho mninten1mcc:, repairs, r¢pla.cemcnts and improvements to the Comm.on Dook: under this agreement shall be ba'aed upon the mun~al upproval and com:ent of