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1 <br /> N � � . <br /> r • • . . <br /> WHEREA,S,Declaraz��are selling Lot 1 and the bnyer thereof is requiring that . <br /> ownezship of the f�rtlots be held by t�ie owner of Lot 1 alone,instead of being s�hared by the <br /> owners of Lot 1 and Lot 2 equally and Declarants have agreed to t1�is requiremcnt subject to _ <br /> ' receipt of the appmval of the City'(as defined in the Declazation)and the lenders holdin.g <br /> mortgag�s on the Lots as required by the Declaration. <br /> ' . AGREEII�NT . <br /> NOW,T�REFORE,Declarants hereby declare that the Lots and Outlot are and shall <br /> be held,transferred,sold conveyed and occupied subject to the covenants,conditions,restrictions ' <br /> and easements set forth in the Declaration and this Amendmeut. <br /> 1. Section 4 of the Declaration-Ownership of Outlot A and Outlot B. The� , <br /> followiag sentence in Sectioa 4 of the Declaration shall be deleted i�a its entirety: , <br /> � � Each Lot shall be sold,transfeaxed and conveyed together with an undivided one- ' <br /> � half(1/2)intCrest in Outlot A and an undivided one-half(1/2}interest in Outlot B. � <br /> and replaced with the following sentence: . <br /> Lot 1 shall be sold,trans�en+ed and conveyed together with 100%ownership of <br /> the Outlots. <br /> 2, Gove�ming Law. This Amendment shail be governed by and canstrued in <br /> accordance with the laws of the State of Minnesota. � . <br /> 3, Bin ' Effect This Amendment shall be binding upon and shall inure to the , <br /> benefit of the Perties hereto and their successors and assigns. <br /> 4. Cou�ergarts. This Amendment may be executed in auy number of counterparts, <br /> � each such counterpart shall be deemed to be an original instrument and all such co�terparts <br /> together shall constitute a fully executed Amendment. <br /> 5. HeadinQs. The headings used in#his Amendment are for convenience only and , <br /> 'shall not affect the meaning or interpretation of the Amendment or any provision or paragraph <br /> th�reof. ' <br /> 6. Ratification. Fxcept as modified herein,all t,erms and conditions of the <br /> Deelaration remain in full force and effect <br /> [Signat�ure Page and Consent.r to follow] <br />