10/09/12 - Laserfiche WebLink

Home

performing owner. The owner of each Benefited Lot must pay any amounts due to the HRA pursuant to this Section 4 to the HRA within thirty (30) days after the owner's receipt of the HRA's invoice. Any amounts not paid within such thirty -day period shall accrue interest from the date thirty (30) days after the owner's receipt of the HRA's invoice until paid at a rate equal to the lesser of twelve percent (12%) per annum or the highest rate allowed by law. 4. Utility Services and Installation of Electrical Lines Within the Electrical Line Easement. This Declaration creates the Electrical Line Easement to permit the owner of each Benefited Lot to run their own electrical lines to their Cabinets; however, as of the date of this Declaration, the intention is that . If an owner of a Benefited Lot elects to install electrical lines within the Electrical Line Easement, the owner must first give the owners of each other Benefited Lot over which the owner will be installing electrical lines not less than twenty-one (21) days written notice that the owner intends to perform work within the Electrical Line Easement. An owner performing work within the Electrical Line Easement must perform the work in a good and workmanlike manner, must promptly restore any lawns or landscaping located within the Electrical Line Easement which are disrupted by the owner's work and must indemnify the owners of the other Benefited Lots and hold the owners of the other Benefited Lots harmless from any mechanics liens arising out of or relating to the owner's work within the Electrical Line Easement. 5. Covenants and Restrictions Relatine to Construction. Maintenance and Remit- Activities. Before commencing the construction of improvements or replacement improvements on another Party's Benefitted Lot pursuant to a right granted or declared under Section 1 or an obligation imposed under Section 2, 3 or 4, the Party exercising the right or performing the obligation must give the owner or owners of the Benefitted Lot or Benefitted Lots where the construction will occur not less than ten (10) days written notice of the commencement date of the work, the nature of the work to be performed and an estimated completion date for the work. The Party giving the notice must use commercially reasonable efforts to complete the work on or before the completion date stated in the notice. This notice does not apply to a Party's exercise of its right to operate, use, maintain or repair improvements or the performance of its obligation to maintain and repair improvements, that are located on another Party's Benefitted Lot. A Party performing work on another Party's Benefitted Lot must perform such work in a good and workmanlike manner, must comply with all Laws, must use commercially reasonable efforts to any lawns or landscaping damaged as a result of the work (other than lawns and landscaping that are intentionally removed as a part of the work) and must remove all of its equipment, tools, trash and debris from the other Party's Benefitted Lot upon the completion of the work. If the work is in the Electrical Line Easement, the Party must also restore any curbs, gutters or paving damaged as a result of the work. The easements granted in this Agreement do not give the Parties the right to park or store any construction vehicles, equipment or materials within the easements granted herein for periods longer than 12 hours. A Party who is exercising its rights or performing its obligations under this Agreement must us commercially reasonable efforts to perform the work in a manner that does not unreasonable interfere with the operation of the businesses located on the other Parties' Benefitted Lots. If a Party damages improvements located on portions of another Party's Benefitted Lot that are 4919301v3