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1243375 <br />DECLARATION OF RECIPROCAL EASEMENTS <br />THIS DECLARATION is made this day of it k r , 1996, by the City of <br />Ramsey (hereinafter "Ramsey"), a Minnesota Municipal Corporation, and First State Bank of <br />Isanti (hereinafter "Bank"), a Minnesota Corporation, hereinafter collectively referenced as <br />"Declarants". s". � tea .r Q 5 r3— 0062. <br />�./OC2G3 <br />36- a -a._ -1A -00tb <br />Cott] <br />0018, <br />The City is the fee owner of that certain tract of land legally described as Lot 2, Block 1, <br />Old School House No. 28 Addition, Anoka County, Minnesota; and <br />RECITALS: <br />Bank is the fee owner of that certain tract of land legally described as Lot 1, Block 1, Old <br />School House No. 28 Addition, Anoka County, Minnesota. Said Lots 1 and 2, Block 1, Old <br />School House No. 28 Addition, are hereinafter referenced collectively as the "Property". <br />To effectuate and insure the common use and operation of the respective lots on the <br />Property, appropriate access to each of the lots, and the preservation of the values and maintenance <br />of said lots, Declarants desire to subject the Property to the easements, covenants and agreements <br />as hereinafter set forth, and to grant for the benefit of the respective lots certpin reciprocal easement <br />rights in, to, over and across the Property. <br />NOW, THEREFORE, Declarants declare that the Property is and shall be held, transferred, <br />sold, conveyed, and occupied, subject to the easements, covenants and agreements hereinafter set <br />forth, which easements, covenants and agreements shall run with the Property and shall be binding <br />upon all parties and inure to the benefit of all Owners having any right, title, or interest in the <br />Property or any part thereof, and their heirs, representatives, successors and assigns. <br />1. Recitals. The foregoing recitals are correct and are incorporated herein. <br />2 . Definitions. As used herein, the following words and terms shall have the <br />following designated meanings: <br />a) "Lots" shall mean Lot 1, Lot 2, or Lot 3, Block 1, River/47 Plaza Addition, <br />Anoka County, Minnesota; <br />Page I of 5 <br />