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2 <br /> t I St7��o <br /> � �_..�,�S..a_ ,�-,,;?_',�-. <br /> (reserved,jor recording rnjormatron/ <br /> FLOWAGE AND CONSERVATION EASEMENT AGREEMENT <br /> AND WAIVER OF DAMAGES <br /> � � <br /> THIS INDENTURE, made and entered into this�day of� (,Y1Q� , 2009, by <br /> and between Lake Community Bank, a Minnesota Corporation, and its heirs, assigns, and <br /> successors [hereinafter collectively referred to as the Grantor(s)] and the City of Orono, its <br /> successors and assigns, a municipal corporation under the laws of the State of Minnesota <br /> (hereinafter referred to as the Grantee.) <br /> WITNESSETH, Grantor(s), for and in consideration of the sum of One Dollar($1.00) <br /> and other valuable consideration, hereby covenant, grant, gift, quit claim and convey to grantee <br /> the right to restrict and grantor(s) agree to limit and preclude the use, improvement and <br /> development, under the conditions and covenants herein contained, the following described Land <br /> in the County of Hennepin and State of Minnesota: <br /> EXHIBIT A, ATTACHED <br /> as follows: <br /> 1. Grantor(s)hereby covenant(s) and agree(s): <br /> A. No structures shall be constructed, erected, or placed upon, above, or <br /> beneath the Land including without limitation, fences, fireplaces, steps, <br /> docks, piers, hardcover or roads of any nature whatsoever, or any other <br /> structure or improvement inconsistent with the natural state of the land. <br /> B. No trees, shrubs or other vegetation shall be destroyed, cut or removed <br /> from the Land except as authorized by written consent of Grantee. <br /> C. No earth, loam, peat, gravel, soil or any other natural material or substance <br /> shall be moved or removed from the Land and there shall be no dredging <br /> or excavation of any nature whatsoever or any change of the topography <br /> of the Land without the written consent of Grantee. <br /> Page 1 of 3 <br />