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t, I Co 0.CrysivA f3P.yg• Pte— p, 2. jV S „,-1`p-1,e-S C-( C.t� IreGLe s tea( (reserved for recording) DECLARATION OF RESTRICTIVE COVENANTS THIS DECLARATION OF RESTRICTIVE COVENANTS (the "Declaration"), is made this day of , ,by the undersigned parties,representing all of the owners in fee of the land hereinafter described, lying in Hennepin County, Minnesota. WHEREAS, Frances H. Graham and Robert J. Gumnit are the fee owners of real property legally described on the attached Exhibit A; and WHEREAS, property owners have received from the City of Orono Permit No.2008- 00099 to construct an 2,048 square foot stall barn ("Oversized Accessory Structure"); and WHEREAS,property owners have received from the City of Orono Permit No. 2008- 00099 to install a toilet,hand sink, laundry tub, wet bar sink and horse wash stall in the tack room/wash stall accessory building. WHEREAS, the undersigned parties desire to impose upon and subject said land to certain covenants, conditions,restrictions and reservations for the benefit of said land and its present and future owners; NOW,THEREFORE,the undersigned parties hereby declare, impose upon, create and establish the following covenants, conditions and restrictions upon the property: 1. PROHIBITION ON USES. A. If the property is subdivided,the Oversized Accessory Structure and principal structure will be located together within a lot that meets the minimum lot area requirement for the given size of accessory building unless the City in its subdivision approval may grant a finite time period in which the Oversized Accessory Structure may remain without a principal structure, in order that a principal structure may be constructed. At the end of this time period, the Oversized Accessory Structure must be removed if no principal structure has been constructed. 140097 1