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3. Sophia -Ramsey will, contemporaneously with the execution of the Agreement, grant the City an easement for right -of way purposes over the portion of the southerly half of vacated Sunwood Drive that was to be re -dedicated as a part of the re -aligned Sunwood Drive in the 2012 Plat of COR TWO. Sophia -Ramsey will need to obtain its mortgagee's consent to the grant of this easement. 4. Sophia -Ramsey will, contemporaneously with the execution of the Agreement, grant the City an easement for drainage and utility purposes over the portions of Lots 1 and 2, and Outlet A, RAMSEY TOWN CENTER 3RD ADDITION that were to be subject to a drainage and utility easement in the 2012 Plat of COR TWO. Sophia -Ramsey will need to obtain its mortgagee's consent to the grant of this easement. 5. The HRA will, contemporaneously with the execution of the Agreement, grant Sophia - Ramsey a temporary easement over Lots 1 and 3 and Outlots B and C of the Revised Plat of COR TWO for access over the private roadway easement to be declared in the Declaration (as defined in Section 7). The temporary easement will expire on December 31, 2013. 6. The HRA will agree that if, prior to December 31, 2013, Sophia -Ramsey records a re -plat of (a) Lots 1 and 2 and Outlot A, RAMSEY TOWN CENTER 3RD ADDITION; and the portions of vacated Sunwood Drive that accrue to Lots 1 and 2 and Outlot A, RAMSEY TOWN CENTER 3RD ADDITION; and (b) Outlets B and C of the Revised Plat of COR TWO and if such plat re -dedicates the easements described in Sections 3 and 4 above, the HRA will convey Outlots B and C of the Revised Nat of COR TWO together with the benefits of the appurtenant easements for access and drainage declared in the Declaration described in Section 7 below to Sophia -Ramsey for no consideration. Sophia -Ramsey will need to obtain its mortgagee's consent to the execution and recording of this Plat. 7. Immediately after the recording of the revised Plat of COR TWO, the HRA will execute and record a revised "Agreement and Declaration of Easements, Covenants and Restrictions for COR TWO." The Agreement and Declaration will be revised to exclude Lots 1 and 2 and Outlot A, RAMSEY TOWN CENTER 3RD ADDITION and will be re- titled as "Declaration of Easements, Covenants and Restrictions for COR TWO" (the "Declaration"). The Declaration will allow the HRA to later subject Lots 1 and 2 and Outlot A, RAMSEY TOWN CENTER 3RD ADDITION to the benefits and burdens of the Declaration subject to the written consent of Sophia -Ramsey and its Lender. The Agreement will obligate the HRA to extend the benefits and burdens of the Declaration to Tots 1 and 2 and Outlot A, RAMSEY 'TOWN CENTER 3RD ADDITION if Sophia - Ramsey executes and records the re -plat described in Section 6 on or before December 31, 2013. S. Sophia -Ramsey will he responsible for one-half of the costs, including without limitation, attorneys fees, incurred by the HRA and the City to (i) revise and record the plat for COR TWO as described in Section 1 above. 9. Sophia -Ramsey will be responsible for all of the costs, including without limitation, attorneys fees, incurred by the HRA and the City to (i) revise the Agreement, create and 2 24104-002