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DECLARATION OF SIGNAGE AND RELATED ELECTRICAL LINE EASEMENTS OCTOBER , 2012 THIS DECLARATION OF SIGNAGE AND RELATED ELECTRICAL LINE EASEMENTS (this "Declaration") is executed by The Housing and Redevelopment Authority in and for the City of Ramsey, Minnesota, a public body politic and corporate under the laws of the state of Minnesota (the "HRA"). RECITALS A. Recital One. The HRA is the fee owner of Lots 3, 4, and 5, Block 1, COR TWO, Anoka County, Minnesota, according to the plat thereof (sometimes referred to, individually, as "Lot 3," "Lot 4," "Lot 5" or a "Benefited Lot" and sometimes referred to collectively, as the "Benefited Lots" or the "Prouertv"). B. Recital Two. The HRA intends to sell the Benefited Lots to various, unrelated entities. C. Recital Three. Before conveying the Benefited Lots, the HRA desires to make this Declaration to (i) declare an easement in gross over and across portions of the Property for the benefit of the HRA to construct, maintain, repair, and replace two monument signs, and landscaping around such signs, over and across portions of the Property; (ii) declare an appurtenant easement in favor of each Benefited Lot to give the owners of each Benefited Lot the right to use, maintain, repair and replace one sign cabinet in each of the two monument signs; and (iii) declare an appurtenant easement in favor of each of the Benefited Lots to permit the owner of each Benefited Lot to run electrical lines from the Benefited Lot over portions of the Property to provide electrical service to the sign cabinets located within each of the two monument signs, all subject to the terms and conditions set forth in this Declaration. D. Recital Four. For purposes of this Agreement, the term "Party" means the HRA or an assignee of the HRA's rights and obligations under this Agreement and each owner of a Benefitted Lot. DECLARATIONS 1. Declaration of Easements. (a) The HRA hereby declares a perpetual, non-exclusive easement in gross for the benefit of the HRA (the "HRA Signage Easement) over the portion of Lot 4 described on the attached Exhibit A-1 (the "Lot 4 Signage Easement Area") and over the portion of Lot 5 described on the attached Exhibit A-2 (the "Lot 5 Signage Easement Area" and together with the Lot 4 Signage Easement Area, the "Signage Easement Areas") for purposes of (i) constructing, operating, using, maintaining, repairing, and replacing one monument sign within each Signage Easement Area (each a "Sign" and collectively, the "Signs"); (ii) planting, installing, maintaining, repairing and replacing lawns and 4919301v3