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20. Transfers. Whenever a transfer occurs in the ownership of a Parcel, the transferor has no liability for defaults under this Agreement occurring after the date the instrument of transfer is recorded in the Anoka County land records, but the transferee is liable for defaults occurring prior to the date of the transfer except to the extent the City is barred from asserting a claim against the transferee as a result of an estoppel certificate the City has provided pursuant to Section 21 below. 21. Estonnel Certificates. Upon the written request of a Parcel owner, the City will provide the Parcel owner and any prospective purchaser from or lender to the Parcel owner with an estoppel certificate stating, to the best of the City's actual knowledge, that this Agreement is in full force and effect, that this Agreement has not been modified or amended except as described in the estoppel certificate and that the Parcel owner requesting the certificate is not in default in the payment of any amounts due under this Agreement or if such a default exists, the amount in default. 22. Easements and Covenants to Run With Title. The benefits and the burdens of the easements and the covenants in this Agreement run with title to each Parcel in Parking District A and inure to the benefit of and are binding on the Parcel owners and their respective heirs, personal representatives, and successors in title. 23. Termination of the Original PUMA. Upon the recording of this Agreement in the Anoka County Land Records, the Original PUMA is terminated and is of no further force or effect. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first stated above. CITY: CITY OF RAMSEY, MINNESOTA By: Name: Its: Mayor By: Name: Its: City Administrator 10 3141289v3