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184949v1 <br />the Old Scenic Easement purports to limit the right of McCutcheon to place a Dock on the Middle <br />Parcel. <br />7. Maintenance of the Easement Property. Grantees shall keep any Dock and the <br />Easement Property in a safe, slightly and well-maintained condition. Grantor and Grantees shall <br />otherwise work cooperatively to maintain and landscape the Easement Property. <br />8. Liability. Except for the willful or negligent acts or omissions of the Grantor, the <br />Grantees shall, jointly and severally, indemnity, defend and hold the Grantor harmless from any <br />and all loss, costs, liability, damage, injury or expense, which may arise by reason of any violation <br />of law, ordinance or regulation or by reason of injury to or death of a person, damage to property, <br />or claims of liens that are a direct result of work performed and/or materials or supplies furnished <br />at any Grantee’s request, arising out of or in connection with any Grantee’s use of the Easement <br />Property, or use of the Easement Property by the family members, guests, or invitees of any <br />Grantee or trespassers. <br />9. Duration. The easement rights and obligations set forth herein shall be perpetual <br />unless terminated by the mutual written consent of the parties hereto, or their successors in interest. <br />10. Taxes. Seals agrees to pay one-quarter of the annual real estate taxes and <br />assessments on the Shoreline Parcel and the Middle Parcel. McCutcheon agrees to pay one-quarter <br />of the annual real estate taxes and assessments on the Shoreline Parcel and the Middle Parcel <br />11. Effect on the Old Easement. The Old Easement shall remain in effect except to <br />the extent of any conflicts between this Agreement and the terms of the Old Easement. This <br />Agreement shall govern to the extent of any such conflicts. <br />12. Effect on Scenic Easements. This Agreement shall be subject to the Scenic <br />Easements and the Scenic Easements shall govern to the extent of any such conflicts. <br />13. No Representations or Warranties. Grantor makes no representations or <br />warranties whatsoever that: (i) the Dock Parcel abuts Stubbs Bay without any gaps, gores or <br />intervening strips of land or that the Easements provide legal access to Stubbs Bay from a public <br />right-of-way; (ii) that the Dock Parcel abuts the west half of the Middle Parcel without any gaps, <br />gores or intervening strips of land; (iii) that there is a legal right of ingress and egress between the <br />west half of the Middle Parcel and a public right-of-way; and (iv) that any Dock may be erected <br />and maintained on the Easement Property in accordance with applicable ordinances, law and <br />governmental regulations, and the Scenic Easements. <br />14. Rights Reserved. Except for the rights expressly granted herein to Grantee, all <br />rights in and to the Easement Property are reserved to Grantor. <br /> <br />15. Miscellaneous. <br />A. Governing Law. This Agreement shall be governed in accordance with the <br />laws of the State of Minnesota. <br />B. Amendment and Waiver. This Agreement may not be modified, waived <br />or terminated except pursuant to an instrument in writing signed by the parties hereto, or their <br />successors or assigns in interest.