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HomeMy WebLinkAbout20180533 385 Broadway Mixed Use Easement Grants 5-20-18 EXHIBIT "A" ! ASEMENTTO385 BROADWAY • 1949 Deed with Easement • 1999 Easement Modification Agreement .N_.r '3 `Y• �il��wtt`Lim Colinas*. _+-▪.,::.,":•ruTe Atli ITC:4st'Tf Ta;15.fr++a,rOrW.PC' • a' +.` T..•-.. +r;L1► :vt•„7ti7 •Y&pr'6t• .)1?'ram it' , .�� Tdif{ La Se Ft!7t P 13fi. 'S. rfI 'i ' -1' -••• -_ a ADM .505 P i 4i1 i .re. it - ,...... 0 44, 1 iv ....,,....-, - .-:-.- i• iii,ri • . ..., -.. :.-: •...•,... ... • ..., , ... _. •, . , . • ::...„..-:..„, - ' 1, . . 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[a •r.. tl!r , f - • _� •.# . , 1 ■ • ,� r ., # • • •+_•_;�.F%•.... •[1 para'•` tete'second part, - :, • '!•tri 1 T-. - r. 1_11, + 1 .....++ - - - � # 4 � it 3a' .r!. * r,• ::�i .▪ ' 1 I 1 11 1' '- i " _partyr.:::::o r .the rte:`part., n r.# r o ' ' , ▪_6 +i■rai.+..•• tr i 11 +a• '• •,•-••••t`.`#Y,tr• . ,.. +Jr.a • #tl•+;. T tr; . , .... i....,,s-. .. 7... ... •0 .1„,f air.mi.„..+..r<.me, reY+! a AM.:.',M .` W We .'' W DOllar, .' i o- ,,'t,..1.._'. • -- '.X9.1 • an .tr .. ;PO '-,::'• 7: : • ot1 ' h..it tae d oo-c , t= T. • ! . Ytr.e • ...:t valu.abl..e eons •tom . •.• F' r• r an •• • e '= ' h party. offtl second par•t. ;_ I ▪ _ - , •_-..•:-.• ,rr - - _ hereby: t•ana-:release unto. art 7 Y.b lite '. n� part: its :. . +... T -so ` , r •-t.• .--. r.. ' ._' •rs..s.'.F. .F' ° • •, r _• • • { # ••••••tr.• ; :ani• sq-t- fl% , ' r vera,I: THAT Com° ' E F: A + I • a , In}�. title. i . or- a ' o. a tr r+.n ,, ux , '-. ' toga.,. at of r • °-' °1 r° _:T- 'i allay' o and' ''' � ._a Ri��f llo h' 1,:,•T.., !.++F 11% +e - - l• , Of° - ++*:.•tl • a.0 , •" + . ,: •. .api t::� ii:.th `: iG• vi-zat t+ + northeast rheas t orn r� • • • • i.r(-▪ -( , r'-t . • a-l &t t 8in ,. .elv+,I,trp.T+.1l2e 1Y .feet#•a"•nFia• ▪ rl . of f n o tt a 1 � 111 ....... •' a • + • bi'S' ! - ▪ -comer • .-: '+ , ... : a r . l. •, 1.,; � ; 1oe one x _ e- • r ' ' '- i- ' ▪ - Y •t ro 19 )�f ' r 7. r• les so t 1. '--the , F Yr .� #1 -bounds -oma r'c ad1 t . ` d -the southerly, ..- 1 ... a 1 #t ;ts o •# , macx i,".s. 'h a ` :- rl- ,. ne . 1 l e;! • • • ! •. • , ! , #,,a, r.+. • . „amu,•.., ,• - •. ` .. 1 • . ! -'a d-., 1 .D °-lot parallel t•o ; i . o' s Street two u - { . • `: " ' • ro ••+. {Ila pipe,, whence norterl.r•and parallel to road ° .. M ° •.e''a . 1i+ # t- • 'eek••+° o, nit o ;w pipe',{• l-ren e,•rea�+e i •-on .,parallel to ,•.` ..+ .,••..- i! • 1 + ![TrF 4!,• Y .4Y P • • pipe• ' wry' _.yl.•.�� µ f .' ; * • tl Iron }+4i].r I 11 1::. llt loll•• � 'r o °hundred .. . : y .f ) _feet:: to a 1°• • _,w•"•: i. • +° -- t'...T. tr tr ,ice . .._ - -„ -.. ..1.., •`.r .-.. . ~4 ` ' ,i 'a'.+ f y., of I • ., - *' * T1 — ti •from the.'no.__"1'V • ..!• ° + yet ... ` • !' ' _ . +! 4 Y, .F! a - +.-`•.,:..,a i - i .- � ; :`thence o 'er1 aloe the ` ai P.•w 1 ' ,'gide p.:. +`. Broadway _ • • +' , ...,rr,7' ..e }` ___ + ..�,.. • 'Y.i_+�,.Y. ` ,' yY 11 Is A_••• - ` - - : • of Ix -sem-:foot , : =-pow or!• a �`o ' `x•,.7 . - { . + •: '' ' .,.'e. p r f-- ne ti.rst--pert fur a r n -and • onv Unto.the .. .-.4 - • «r}i •4• • .• •• :}. +`e•Y 1 •• , i-t :i•.. a .wsi .,. • ., • 4 ...4 y' . „ --__.r : •i F'+*•" S—r a • 7y • ....„' .. _:—.:... ,,,,-- -,..,. .... , 0 .l7 i r' PAM:'r r•• • •:* *-.- i ',„ • ! :. ,;` r ' _.-. *..,,,•■ ,T• •-. •,i•r+• r _ , *�L�- .r• ..- .R�R'�l4:iy •�r y •"a•." i• + a °f ' - Y 'Y• P • ' ..w , Fe;' '- ��... "�a.4.1-7..;;-. w'h; � i++1 J # •i C" r • • ••a F+ � . p -",•:1 " `iJ, a Ya .• � . }•4 • xa•i+fie a••} � aji a} ...++ '!, i* • F++ .. .• } - " party•' e s .1+ . z Tight b ■ „ #L, +-;d ,. ibex i •-'••"i . M _ i'+ f.'s: Y.'Ar - 4 .•.y �i ...-.i..„,-....,...„..:- - +r Y. • •... ,..,-,:-.;,_:;,,,,-1,..,-.....:,--,.%:-.•-:-•:.-,,,,•:-!.....r....,.,4-:.....-.,....:. ...,.:. _-,.•_„,-- . a w`• ,� ,�. .. • '.+`. ,rk _'', + , .follows:• .•• ` " •' p oin .on,the south.• ifle o •' `v o ei.F••• • •,:Yy • • = r 1• ••-.,.... •..P'1 e. w ° ' .•+.:• �5 • Yr •r ' �• ' -.+� _ •la°ra� • . , .• .APS ° F Y'R'� + _. • . � a .• i'.. a .. « ry..Y�.++� •'` a p •t�, J^, . •� . ' #+�,..tr .i wla.xF" • , • i' ,� _ . !MM .',,,.". •. � F67.• . • i. e • �r •4 , {■tr r• +• ■1'•, . + ,°•�"• �' •_ +. a t. + w hated• - _ 2 '+•feeta es • the. rae '` •i`t •., -: + •r , �..++••1 • —,.s:-... -••4..........' ' • ^ • J _ • r -t•" i!ti• r, •! ! " * • �� ..,± �4 a a; .. .... • .+ r, r......:%:.._ F • •i Fr• -• •.. I a r •.. r .r r • • e•y,•. •,.south;l L. i 1' . ',$ a a .t: the •we -line n 'Broad mrd i 'F3: ' .•'-;-• + .+ • a•• Y xznna .'_. •h westerly ti along-•4.the t a, i •-• `-r • . 0.160...'z''•,.....: iRi+• . -.. ' : • ,•; ._ • �Nr.f`i.ee w+.�_•e ' J • ' • ..• !F.. • I• Ri Y " • t L a • _ . — , • • e..•■. _Y • -.. `.`i- -1:%; :t:'•- ' .T4 ,. , ' Y • Street_ tw n •' .• . • • iron :p. located the..n w ++• • • . y.•_ •. corner • � the lands:- f'..t,�r.. • y. of•time first part. thence,' ' • -i _. _- ., _ ' V ._• •_ = 1 J r .i n.,�_' " } #- tea,+� a .. t _ ar+ . ■i''.-. ._.•# rY. -'4•-a + r.•r. .r r , • •- southerly . _• 1 1 • parallel..;; - ro. . w . Y"a'distance . three:. •+ hr: • • ,. 7" +a.•* ••i.r+•+�i r ., r° _ • • * .F. - F , - ,4 Y--•' - •�..r' +..... • . • + .,:. . • . •+• #••+ eight: (3 58 .fore* , F less • o. aniron...pipe.• •i:the .*.outawezt comer •, f "1.71)..e .lands- of the..party.of. the:-tir.st part; 'thence ea .•-- .. ,along the.-southerly:, oiuY .� o f'..the••lands,• "' the..party'- .� the ' ir a • .,part ; -+ nin -t �• (21..9): r• z • s•.. . ' � . .r n• ... . 4 ' • •+• . •_ 4 e' r •# ! ..+a r . + y+ - • pipe or.:: +.l• e twe •nty..n .•(20) feeti � .and x .r 1 l the '• V .a .i..--• . '. .. _•.•+ �• • 'r' ''• _ ` � y a y� ° - -.ii•+ _• r•• un r . .. ; h +lam, _. •f.• : 'party'. the-,...3.... • ,part; " enee x r .er .. and, parallel' to • • ••:•w try om r• •the .lands ;hot 'the ;party:. e , , • • "+ r • tler Y _first'{ art •.mss tof. e.h c , �.* —fie.•(329)•• f • more, - : •',i ` less �- l .e• ••oma* ►o' of it .* • '' ^ s_.;,a...eF. .. F• ••Y: -• .. . , .• i . . It .i ._• intention + . the party of the f i .part o• grant:.+the.:.....*• use and'.. r iv it .•: i common, :girthbut ' , :'of,:; n 4." Jc..: ;r • ` . • a w { / x � �-��■ ' '`� ' premises here'�-J; • veyei • +.°,•i. _ r • . ' the -.Darty 'the i, • part v theYr . ' ,. ,:. the o ..' s.r�"•which • l� r Y , , as ' +, r •. a. shall u•+ ; the-.-land. r .�•+•. •. r +, e• ...,4:.- r. p + • . , Being portion. of thepremises. conveyed one Fi r " t r•: _ to John. Ma ' - deed dated December 16, 1946 .,. ecor . .1n: !4• :..•• 'a, t{oG c i t ' •Cl k' ' Office onDecember . , . 1946 •,.,. .Book . .c ' . Deeds 1t•_ g 322.; . , • i el ii ■ + • ■ 4 ;' r n Irl 1, • r • . w •••,• 1 . •a._•v •• .Y., • ' 4 ..,a• • , ,, . r ! 1 • • •. .r •Y • • • L Y .! •• ••• -2, --:;-..., . ..BooK_-Oul Da= ,44-- ....:. • + Y +y " y, • i•+•t ,,„•. .'+ f a-aa 1•r•t. '- ' i,, - • 'L... •. ` } ....... aaa+` •., ewtr , F , *Alr, { - • �. 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' �\- #• • T . - • rte` - " 1.., 4" .• 4 4 1' .-� 1 •,'-'11—: •.•. a r3 "i .I.. • - rR,..•r 'i a�wl.wR,r�•*•!,` la 4 P` *.;3 vt. :a 4. a. - • rip" r y r , I••• #••'w ;" ;�H: .. w- .. ...-•-•-: -, ,,,,,.,•• , _.•▪ -, ,• .-gck....;.. , 'k.k.... ,:tt. --?Z" %.• •. a + .. i T % '•;••+"•_ • . `Ia • a' ` .a+• ' ate• i.'i.r y} k ▪ .. ti.1 - - • . ---:-.....„, 14.....,1,-..-- ....4,-...r,.. ' --,z-ti.t--.:".i •-• .......- - .•.• • .=.; ... ..-. ,.... OW 7.7.7•"' ........ . I. • • " ., • « 61..•s,. �1 • 41. • aril .A moi, .�a•• i •- - -at '.......,-,..: \ Ai' Lam/; • - , : . g..- +" -- Y 1, s S•T .a i ... . e , , ••�"•'rte ..▪, . . i.T:.,a, - + _ -, i i r---- ] n , Uy 0,N, 06 __, 10,00 )u c--\\-Vo •V:\fc,k14. , ASJ,VAQ l'\-A-J\ \L\ , ., . EASEMENT MODXFICATION AGREEMENT c., . . FS . L.J., This Agreement made the atday of May, 1999 between MAPAT, LLC with offices at Four Cathesral Park, 4th Floor, Buffalo, New LD York 14202 (hereinafter referred to as the "Grantorii ) and FRANK f5 , S. PANZA a/k/a Frank Pana, residing at 96 Lake Avenue, Saratoga I , 5E' 1 ,..., .-. Springs, New York 12866 and JOSEPH S, PANZA a/k/a Joseph Panza, residing at 6253 Midnight Pass goad, Unit 301-1, Sarasota, . E3 c=. Florida 34242 (hereinafter collectively referred to as the c=. "Grantee" ) . ,..., . gag WITNESSETH: WHEREAS, heretofore an easement (the "Existing Easement" ) was granted and/or reserved across the Grantor' s property in instruments recorded in the Saratoga County Clerk's Office in Liber 505 of Deeds at Page 47 and Liber 1003 of Deeds at Page 544 for the benefit of property now owned by the Grantee (the "Grantee's Property" ) which was acquired by Deed recorded in Liber 1048 of Deeds at Page 321; and WHEREAS, the Grantor and Grantee desire to amend the E?tistiniEasement in 0_ 4- 4. a al - '. a-ekrAT-egrig_ IrrPe( C?,P1---11 er:t.Z_ADSLA-b-e---Cb-Cal-t-----tOL-D tO.1:1 k-iaritor's property. ip.. . NOW, THREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. The Existing Easement is hereby modified to read as provided in Paragraph 2 hereof. 2. The Grantor does hereby grant to the Grantee an easement and right of way for ingress and egress by foot, vehicle , or otherwise to and from the Grantee's Property and Division Street over and across the following described premises: _ ALL THAT CERTAIN TRACT OR PARCEL OF LAND situate in the City of Saratoga Springs (inside district), County of Saratoga, State of New York, lying on the southerly . side of Division Street, westerly of Broadway and being further bounded and described as follows: ;. , . BEGINNING at a point on the southerly line of Division I Street, said point being situate North 59° 27' 0" West 300 feet from the point of intersection of said southerly line of Division Street and the westerly line of Broadway and runs thence from said point of beginning through the lands of Mapat, LIC, as described in Book 1481 of Deeds at Page 48B the following on cz. 1,Li 4',Z-1 429 Q.,)---- , , courses (1) South 30' 34' 0" west 84.21 feet to a poiDt; (2) South 6' 52' 35" West 49.78 feet to a point; (3) South 3.0" 34' 0" West a distance of 199.73 feet to a point; (4) North 84* 56' 2' West a distunce of 22,16 feet to a point; (5) North 30' 34' 0" East a distance of 205.08 feet to a point7 (6) North 6* 52' 35" East a distance of 49.78 feet to a point; (7) North 30* 34' 0" East a distance of 88.40 feet to a point in the southerly line of Division Street; thence easterly along the southerly line of Division Street South 59' 27' 0" East a distance of 20 feet to the point or place of beginning. 3. The terms of this Agreement supersede in all respects the terms of the Bxisting Easement. IN WITNESS WHEREOF, the parties have signed this instrument as of the day and year first above written. GRANTOR: MAPAT, iLLC BY ' i 47 M. u , Member I \ GRANTEE 1Vvv4 t„, FRANK S. PA ZA a/k/a Frr 137za, c. 30SEPii S. PAN ajek/a Joseph Panza 6Llik 1520 430 STATE OF NEW YORK) COUNTY OF ERIE ) SS: On this 24 day of May, 1999, before me, the subscriber, personally appeared Myron M. Hunt, a Member in MAPAT, LIZ, to me known and known to me to be the same person described in and who exeouted the within instrument, and he acknowledged to me that he executed the same on behalf of Mapat, LLC. .• • Notary Public STATE OF rti •, COUNTY OF SS: ' On this 26;411 day of May, 1999, before me, the subscriber, - personally appeared FRANK S. PANZA a/k/aFxrnk Panz. —to MG known • end known to me to be the same person de c ibed andiwho executed the within instrument, and he c pw aged tome that he executed the same. Notaryo_ &al°0 4 Notary Public,State of fieW SarBtogb and Albany'Co STATE OFRogistration SW,173 • My Commission Expires COUNTY OF ) SS: On this day of May, 1999, before me, the subscriber, personally appeared JOHN S. PANZA a/k/a Joseph Panza, to me known and known to me to be the same person described in and who executed the within instrument, and he acknowledged to me that he executed the same. Notary Public • uaiiK1529 431 . F } q V State ofNew York ss: County of Saratoga On the 26th day of May in theyear 1999 before me,the and rsi 1 ,personally ! the basis of factory r � Panza � ;� lltor �idual whose,name.is subscribtxl t � � x��� ,�instrumentted evidenceut d the same in his capacity and that by his signature acknowledged�d to methat hebehalf � � individual, aero on the instrument,the individual,or the personupon executedthe instrument. Nb tar+ Yublie ALISA #DALTON Notary PL.lihr: Stvii fpf blew York uatIfwwt its ACunny County Ragistrounr,41,.1 ,AP 1771 AA i. A . r sk. ��. I iSo ) tyr4 fi CIS J \4..- 1 g • EXHIBIT "B" MUM'S BORDER'S PARCEL (395 BROADWAY) 1999 Declaration of Easements and Restrictions /,-) SARATOGA COUNTY CLERK COUNTY CLERK'S RECORDING PAGE ---1)-eea. qtntli,e-i LI RECEIPT NO. : 234363 BOOK OF DEEDS BOOK 01529 PAGE 00439 NO, PAGES 22 INDEXED BY: INSTRUMENT CODE: ESMR SCANNED BY: INSTRUMENT NO. : 0000870 RECORDING: RECORDING PAPER FEES 74.00 EDUCATION FEE 5.00 DEEDS - EA-5217 0.00 FILING FEE 5.00 TOTAL: 84.00 *****NOTICE: THIS IS NOT A BILL***** STATE OF NEW YORK TRANSFER TAX SARATOGA COUNTY CLERK Transfer Tax 0.00 RECORDED ON 09/09/99 AT 03:02 PM Transfer Tax* 0000870 IN BOOK DEEDS PAGE 00439 OF 01529 Kathleen A. Marchione SARATOGA COUNTY CLERK THIS PAGE IS PART OF THE INSTRUMENT qc1,03 307 2S RECORDED. i 1IL 'WIG:a DECLARATION OF EASEMENTS AND RESTRICTIONS for property located in Saratoga Springs, New York 1)Q.\Qr S ti It 11 krit 6-\40- 3 iLtLtvvWl ib(1 2cA +cis Vitctims CQ1. 42_101?-- 1 7 77 E1.-1529 439 41g, TABLE OF CONTENTS ARTICLE PAGE# Definitions 1 II. Easements III, Construction 3 IV. Maintenance and Repair V. Operation of the Parcels VI. Miscellaneous VII. Performance by Tenant 11 VIII. Term11 '13.Lr61.52,9 440 EXHIBITS Exhibit A Legal Description of Borders Parcel Exhibit B Legal Description of Adjacent Parcel Exhibit C Legal Description of Easement Access Area Exhibit D Prohibited and Restricted Uses Exhibit E Site Plan UNA1529 441 1 . 4 Parcel. "Parcel" shall mean either the Borders Parcel or the Adjacent Parcel. 1.5 Permittee. "Permittee" shall mean all owners and Tenants and the respective officers, directors, and the employees, agents, contractors, customer, vendors, suppliers, visitors, invitees, licensees, subtenants, and concessionaires insofar as their activities relate to a use Of the Building Areas of the Parcels which is not prohibited pursuant to Section 5. 1 hereof - Among others, Persons engaging in the following activities shall not be considered to be a Permittee-. exbibiting any placard, sign, or notice, except as permitted by an Owner on its Parcel, ii distributing any circular, handbill, placard, or booklet; (iii) soliciting memberships, contributions or signatures-, and (iv) parading, picketing, or demonstrating. 1.6 Person, "Person" shall m= any individual, partnership, firm, association) corporation, trust, or any other form of business or government entity. 1.7 RecordingDf—fice. "Recording Office. shall be the land title office in the state in which the Parcels are located where deeds, mortgages, liens or other filings with respect to the Parcels are P17Operl y accepted for filing. 1.8 Lenant. "Tenant"shall rnean any Person from time to time entitled to the use and occupancy of any portion of a building located in either Parcel under any lease, sublease, license, concession, or other similar agreement. ARTICLE 11 EASEMENTS 2.1 Ingress and Egress -- Borders 'rel. (A) The owner of the Adjacent Parcel bereby establishes for the use of Permittees of the Borders Parcel in common with others eatified to use the same, a perpetual non-exclusive casement for pedestrian or Vehicular access to and from Division Street to and from the Borders Paireet (the "Access Easement") over a portion of the Adjacent Parcel as shown on Exhibit E. The legal description of the Access Easement area is set forth in the attached Exhibit C. (B) The Owner of the Adjacent Parcel shall notify the Owner of the Borders Parcel in writing at least ten (10) days prior to the commencement of any reconstructions repairing or repaving of the Access Easemcnt, and/or any restriction or closure of the Access Easement , and any such reconstruction, repairing or repaving shall be accomplished to the maximum exteut possible during non -business hours so as to minlmLze the closure of the Access Easement. 2 eo��1529 44:? 2,2 Restriclion. No Owner shall grant any easement for any of the purposes set forth in this * the Parcel:&* provided, however, that the foregoing shall Article H which would benefit any property not wl 1th'n 5 1 or not prohibit the granting or dedicating of utility easements by an Owner on its parcel to governmental or the relocation of existmg easements, if any, to quasi -governmental authorities or to public utilities, accommodate the development of the applicable Parcel r dMded into two (2) or more or 2.3 Subdivisions of Parcel. In the event any Parcel is hereinafter 1 6 creels by separation of Owners, lease,, or otherwise, then any resulting parcels shall enjoy and be subject to P the benefits and burdens of the easement and all other terms and conditions of this Declaration; provided, however? that if any such Owner transfer, convey or ground lease its interest in any portion of a Parcel in such a manner as to create multiple Owners of a Parcel, then such multiple Owners shall designate one of their numOw ber to act on behalf of all such ners in the performance of the provisions f his Declaration. Any such designation shall be in writing, duly executed and acknowledged by all multiple sienated), and recorded with the Recording office. A copy owners of a Parcel (including the Owner so de , of such designation shall be sent to each other Owner of the Parcels, In the absence of any such written, recorded and mailed designation, the Owner of the largest sub arced of any such divided Parcel shall be the responsible owner. 14 Nature mof Eq�eents. For purposes of the easements granted in this Article, the Parcel benefitted by each easement constitutes the dominaut estate and the Parcel burdened by each easernent Co- nstitutes the servient estate, Each easernent granted in this Article is appurtenant to and for the benefit of the Parcel owned by the grantee of the easement. No easement may be transferred, assigned or encumbered except as an appurtenance to the benefitted Parcel. ARTICLE III CONSTRUCTION 3.1 General ReaRiTe�nts- b performed in ctiAties performed by an Owner within its Parcel shall be perf (A) All construction a i compliance with this eclaration and all laws, rules, regulations, orders, and ordinances of the city, D county, state, and federal governments7 or any department, or agency thereof, affecting improvements constructed within either Parcel. (B) The construction activitieS of the Owner of the Adjacent Parcel shall not obstruct or impede the free flow of vehicular and pedestrian traffic over the Access Easement. (C) Each owner shall defend., indemmify and hold har"ess the other Owner from all claims, actions and proceedings aid costs incurred 'in connection therewith (including , without limitatile on, reasonab injury attorneys' fees and costs Of suit) resulting froniany accident I mjury or loss or damage- whatsoever occurring . k of or resulting froua the per Of MY to any Person or to the property of any Person arismg out-mifying Owner. I * 6 performed or authorized by such inden construction activities u .."I- bu� 1-529 444 3 3,2 Parking. Areas. (A) The parkm*g area within the Borders Parcel shall be reseTved for the exclusive use of Permittees of the Tenants of the Borders Parcel. The owner of the Borders Parcel shall have the right 0 place t p signage on e the Borders Parcel indicating that all parking areas on the Borders Parcel are reserved for the use of customers of Tenants of the Borders Parcel. The Owner of the Borders Parcel shall also have the right to employ parking guards to enforce such restricted parking. (B) The parking area within the Adjacent Parcel shall be reserved for the exclusive use of the Per-mittees of the Adjacent Parcel. The aggregate area provided for parking of automobiles upon the Adjacent Parcel shall be sufficient to accommodate not less than three (3) automobiles per one thousand (1,000) square feet of leasable building space of all buildings located from time to time on the Adjacent Parcel which is not devoted to a Restricted Use as set forth on Exhibit D. ARTICLE IV MAINTENANCE AND REPAIR 4.1 Utilities, The Owner of each Parcel. shall repair and maintain in first-class condition all utility facilities, lines, and systems located on its Parcel that serve only its Parcel unless the same are dedicated to and accepted by a public or quasi -public utility or authority, 4.2 Bmidim-Immovements - (A) Each Owner sball, during the term of this Declaration, maintain and ketp the building improvements located on its Parcel from time to the in first-class condition and state of repair, ill compliance with all governmental laws, rules, regulations, orderst and ordinances exercising jurisdiction thereof, and in compliance with the provisions of this Declaration, M Lmprovements are damaged by fire or other casualty (whether P In the event any of the building insured or not) , the owner upon whose Parcel such building improvemclIts are located shall immediately remove the debris resulting from such event and provide a sightly barrier and shah either: 0.) repair or restore the building u'nprovementS so damaged; or erect other building improvements, provided all provisions of this Declaratioin are complied with; or demolish the damaged portion or all of such building improvements and have restored the, area to an attractive condition until a replacement building is erected. 4 ARTICLE V OPERATION OF THE PARCELS 5.1 Uses - (A) Prohibited Uses. No portion of either Parcel shall be & occupied or used for any of the in paragraph A i of the attached Exhibit D, nor n violation of the restrictions apPlicable Prohibited Uses set forth' to the Restricted Uses as set forth in paragraph B of Exhibit D. (B) Rorder's Exclusive. So long as Borders, Inc., or any affiliate ("Borders") is operating a retail store, for the following specific uses within the Borders Parcel, no occupant or Tenant of the Adjacent Parcel shall from tie space it OCCUPies on the Adjacent Parcel engage in (i) the sale of (a) books, (b) periodicals, (c) pre-recorded video cassettes and/or pre-recorded music products such as records, tapes, and compact disks (the foregoing shall also apply to any future format of such enumerated item} unless the subject matter of such items is directly related and anc 111ary to the primary use a f such other tenant's or occupant's use (e.g. a computer store ►which sells books or periodicals dealing with computer products) and not more than 100 square feet of surface display area is devoted in the aggregate to the retail display of such related items, and/or (ii) the operation of a "coffee bar" in any format, whether it is an incidental or primary use. 5.2 Ligh�tin The Parking Areas on each Parcel shall be fully illuminated each day from dusk to at open for business in any of the buildings located on both least I 1 -.00 p,m., or if earlier, the time wben no tenant is Parcels. 5.3 Insurance. (A) The Owner of each Parcel shall maintain or cause to be inaintallaed in full force and effect Comprebensive General Liability and Property Damage lnsurance, insuring against injury to persons or property D occurring as a result of the use of such Parcel., with combined single limits of $5,000,000 per occurrence for bodily injury and property damage. Sucb insurance shall be obtained from an insurance company or companies licensed in the State of New York and maintaining a rating of "A4VIV or better by the then current edition of Best's Insurance Reports published by A. M. Best Company. Additionally, such insurance shall include the following minimum requirements- (i) shall provide that the policy may not be canceled or materially reduced in amount or coverage without at least 30 days prior written notice by the insurer to the other Owner; 0i) and shall include the other owner of the other Parcel and any Designated Tenant of such Parcel) as an Additional Insured. (B) The insurance referenced above may be carried by either the Owner or by any Designated 'errant thereof under: (1) an individual poficyd, or a b1maket. policy or policies which includes other liabilities, properties and locations of such Owner or Tenant. Mu'"'4529 446 5 Each Owner agrees to furnish or cause to be faral's . hed to any Owner requesting the same, a Certificate(s) of insurance evidencing that the insurance reqUiTed to be maintained by such requested Cerner is 1 e ne in full force and effect. (C) The Owner, or Designated Tenantf either Parcel may satisfy insurance obligations hereunder through a prograrn of self-insurance provided that such Owner or Designated Tenant maintains a net worth of at least $200,000,000 during the period it provides such self-insurance. s. F 5.4 Taxes ai2d Assess ach owner shall pay, or cause to be paall id prior to delinquency, and taxes and assessments with respect to its Parcel, including, without limitation, the 'buildings improvements located thereon, provided that if the taxes or assessments or any part thereof may be paid in installments, the Owner may pay each such installment as and when the same becomes due and in contained in this subsection shall prevent any Owner from contesting at its own cost and payable. Noth* g Cont with respect to its Parcel in any manner such Owner elects, so long expense any such taxes and assessments ranted In this as such contest is maintained with reasonable diligence and in good faith. The easements g Dtclarafion shall survive the imposition of any tax lien on the individual Parcels 5.5 Mutual indemnities. To the extent not expressly prohibited by law, the Owner of each Parcel (in and indernm0y the other Owner and the other Owner's either case, the "Indemnitor") agrees to hold harmless beneficiaries and employees (collectivelY, the tenants, agents, partners? shareholders? officers, directom I ities imposed upon or t k Indemnitees") from any losses, damages, jiAgments, claims, expenses, costs and Iiab'I un incurred by orasserted against the Indemnitees, including, without limitation, reasowable attorney's fees and expense --s for death or injury or dwnage to property that may arise from or be caused directly or indirectly by any willful misconduct of Indemnitor or any of Indemnitor's any negligent act of omission or conunission, or eding is brought against any of the agents, partners, or employees or tenants. In case any action, suit or PrOcc Inde=itees by reason of any such act of Indemnitor or any of Indemnitor' s agents or employees, then Indeamitor will, at Indem-nitor's expense and at the option of said Indemnitees, by counsel reasonably approved by said Indemnitees, resist and defend such action ARTICLE VI M,ISCELLANEOUS 6.1 Default. (A) if any Owner fails to comply with any provision herein ("Defaulting Owner"), then the Other Owner fou -defaulting Owner may, -upon thirty (3 0) days prior written notice to the Defaultin g Owner of ovisions of Section 63 hereof have been met), proceed (witb a copy to such Owner's mortgagee if the pr to cure the default (and have a license to do so) by the payment of money or performance of some other actio, for the account of the Defaulting Owner. The foregoing right to cure shatl not be, exercised if within the res the default, of (il) if thirty (30) day notice period: (i) the Defaulting Owner or its mortgagee cu the default is curable, but cannot reasonably be cured within that time period, the Defaulting Owner or its mortgagee begins to cure such default within such time period and diligently pursues such action to completion. Notwithstanding the foregoing, any Owner or Tenant shall have the right to take I=ediate action to enforce the rights granted under Section 2.1 hereof. 6 a��� �z9 X47 Ing copies of invoices of wr-tten demand (including provid' (B) Within ten (10) days I reflecting costs and receipts evidencing payments of same) the Defaulting Owner shall reimburse tho Non-Defaulting Owner for any sum reasonably upended by the Non-Defaulting Owner due to cure the default, together with interest thereon at the Default Rate. (C) The Default Rate shall be the lesser of, (j)three percent(3%) per annum -In excess of the prime rate from time to time publicly aanounced by the WaU street Journal, or (H) the 'highest rate permitted by law. 6.2 Estoppel Certificate. Each Owner agrees that upon written request (whichshall not be more ar) tom tine to tune of the other Owner, it will frequent than three (3) times during any calendar year issue at no charge to a Tenant, prospective mortgagee of such other Owner, or to a prospective successor owner to such other Owner, an estoppel certificate stating: (A) Whether the Owner to whom the request has been directed lows of any default by any Owner under this Declaration., and 'if there are known defaults, specifying the nature thereof. (B) Whether, to the best of the requested Owner's knowledge, this Declaration as of that date is in full force and effed; and Whether, to the best of the requested Owner's knowledge, there are any sums owed by any Owner. Such statement shall act as a waiver of any claims by the owner furnishing it to the extent such clairn is based upon facts contrary to those asserted in thestatement, however, sub statement Shall in no event subject the Owner furnishing it to any liability whatsoever, aotwithstanding Lhe negligent or otherwise inadvertent failure of such Owner to disclose correct and/or relevant informatiO-n. 6.3 Notices . All notices, demands, statements, and requests ("Notice") required or permitted to be given under this Declaration must be in writing and shall be deemed to have been property given or served ed three (3) days after the, date the same is deposited in the United States mail, prepaid, by registered or certified mail, return receipt requested or delivered to a private express package courier prepaid at the address set forth below. In the event an Owner shall encumber its Parcel by a first mortgage and Notice of such fact has been given to the other Owner, then a copy of any Notice directed to such mortgaging Owner shall also be sent to its first mortgagee. Any notices shall be sent to: If to Mapat: Mapat, LLC Fourth Floor Four Cathedral Paric Buffalo, New York 14202 Bcrl%��29, , 1 -1 448 U t --r , 7 with a copy to: Peter S. Giffillan, Bq. Gross Shuman Brizdle & Gilfillan, P.C. 465 Main Street Suite 600 Buffalo, NY 14203 if to M,14.D.: M. H. D -, LLC Fourth Floor Four Cathedral Park Buffalo, New York 14202 with a copy to, Peter S. Giffillan, Esq. Gross Shunian Fri die & Giffillan, P.C. 465 Main Street Suite 600 Buffalo, NY 14203 if to Borders: Borders, Inc. (as the Designated 100 Phoenix Drive Tenant of the Ann Arbor, Michigan 48104 Borders Parcel) with a copy to: Phillip J, Bowen Conlin, McKenney & Philbrick, P. C 350 S. Main Street, Ste. 400 Ann Arbor, IMichigan 48104 Any Owner shall have the right from time to time and at any Ume, upon at least ten (10) days prior written notice thereof in acc�ordance with the provisions hereof, to change its respective, address to direct that nodes also be given to any Tenant of a Parcel (whose address shall also be, furnished) ; provided; however, r, itb standing anythilIg herein contained tot contrary, in order for the notice of address change to be effective it must actually be received; and further provided such: address may not be a post office box. The refusal of an Owner to an accept certified or TegiStered mail or of a private courier package delivery service shalt be, deemed delivery on the date of such refusal. b Upon receipt of a written notice complYiRg with the provisions of this section 63 from a mortgagee having an interest in one of the Parcels, the Owners agree that from and after such date a copy notice of any ce from a mortgagee must clearly state the Parcel in which given will be sent to such mortgagee. Such n oti said mortgagee has an interest. 6.4 Bind!Ug V -'I CC his Declaration (i) are made for the direct, mutual and reciprocal i _Lrrect. The terms of t equitable servitude on each Parcel in favor of benefit of each Parcel, (ii) shall constitute and be enforceable as equ the other Parcel, (Iii) shall constitute covenants running with the land within each Parcel, and (iv) shall be binding upon any person or entity acquiring any fee, leasehold or oi rather interest n a Parcel or any part thereof. The terms of the Declaration shall inure solely to the benefit of, and shall be binding upon any Owner or Tenant of a Parcel; provided that the respective Owners or Tenant from tim ' e to time of a Parcel shall be liable in money damages and subject to the action for specific peki rformance only for breaches of the undertangs contained in this Declaration occurring during their respective periods of ownership of each Parcel, provided further that with respect only breaches of undertakings hereunder whih occurred during the ownership of any predecessor-m-fitle, any successor -in -title to either of the Parcels shall be subject only to an action for specific performance. This Declaration is not intended to supersede, modif, amend, or otherwise change the provisions of any prior instrument affecting the land burdened hereby. 6.5 Plural. Whenever required by the content of this Declaration, the singular shall include the plural, and vice versa, and the masculine shall include the feminine and neuter genders, and vice versa. 6,6 Count ignature P This Declaration, and any amendMeDt, may be executed in Several counterparts each of which shall be deemed an original. The signatures to this Declaration may be executed and notarized on separate pages and when attached to this Declaration shall constitute one (1) complete document, 6.7 ��of .partnershiT). None of the terms or provisions of this Declaration shall be deemed to create a partnership between or among the Owners in their respective businesses or otherwise, nor shall it cause 6 members of any joint enterprise. Each Owner shall be considered a them to be considered joint ventures oranother wn xpressly separate owner, and no Owner shall have the right to act as an agent for another unless e. authored to do so herein or by separate written instrument signed by the Owner to be charged. Not a bbtic Dedication. Nothing herein contained shall be deemed to be a gift or dedication of any portion of any Parcel to the general public, orfOTany public use or purpose whatsoever. Except as herein ivileges or immunity of any. Owner hereto shall inure to the benefit of any. Specifically provided, no right, pr specifically erson be deemed to be a beneficiary of any of the provisions third. -party Person, nor shall any third -party P contained he -rein. 6.9 Severa-WiLty. Invalidation of any of the provisions contained in this Declaration, or of the application thereof to any Person by judgment or court order shall in no way affect any of the other provisions hereof or the application thereof to any other Person and the sarae shall remain in full force and effect. .10 Amendments. This Declaration may be amended by, and only by, a written agreement signed by all of the then current Owners and shall be effective only whenTecorded in the recording Office. 6.11 Captions and C Terms. The captions preceding the text of each article and section are 11�italizg�L. - 4 inciuded only for convenience of reference. Captions shall be disregarded in the construction and interpretation of the Declaration. Capitalized terms are also selected only for convenience of reference and do not necessarily have any connection to the meaning that might otherwise be attached to such term in a context outside of this Declaration. Do ur 1, 529-; 450 9 6.12 Minimization of Damages - In all situations arising out of this Declaration, all Owners shall attempt ' and minimize the dmiages resulting from the conduct of any other Owner. Each Owner hereto shall take to avoid all reasonable measures to effectuate the provisions of this Declaration. 6. 13 Declaration Shall Continue Notwithstanding breach. It is expressly agreed that no breach of this h Declaration; 12� Declaration shall: (i) entitle any Owner to cancel, rescind, or otherwise terminate this De laratio ; or default or render invalid the lien of any mortgage made 'M good faith and for value as to any portion of a Parcel. However, such limitation shall not affect in any manner any other rights or remedies which an Owner may have hereunder by reason of any such breach. 6.14 Time. Time is of the essence under this Declaration. 6.15 Npn-Waiyer. The failure of any Owner to insist upon strict performance of any of the terms, covenantsor conditions hereof shall not be deemed a waiver of any rights or remedies which that Owner may Dave hereunder or at law or equity and shall not be deemed a waiver of any subsequent breach or default in any of s-uch terms, covenants or condition. 6.16 cment. Those easements designated as being perpetual or as continuing beyond the term of this Declaration shall continue indefinitely but can be extinguished only by a written termination agreement signed by all the Owners and their respective mortgagee. 6,17 Good Faith Lend Clause. No violation of any of the provisions of this Declaration shall defeat or render invalid the lien of any mortgage made in good faith and for value upon any Parcel either prior to, or subsequent to, the date hereof,, nor shall any lien created hereunder be superior to any such mortgage unless a suit to enforce the same shall have been filed in court of record in Saratoga County, New York prior to the recordation among the land records of Saratoga County, New York of such mortgage; provided, however, that any Mortgagee in actual possession, or any purchaser at any trustee, mortgagee or foreclosure sale shall be fully bourn d by and subject to the revisions of this Declaration as fully as any other Owner of any Parcel. ARTICLE V11 PERFORMANCE BY TENANT 7.1 General. An Owner of a Parcel (" Des ignating owner') may, by notice to The Owner of the other Parcel, designate a Tenant ("Designated Tenant") of a Parcel as the party responsible for performing the obligations of such Owner under this Agreement, and thereafter, such Designated Tenant shall have the benefit of, and the right to enforce, all of the rights of the Designat�ng Owner under this Agreement, and shall perform all of the obligations of, the Designating m Owner under this Agrcetnt except as specifically identified in such Notice. The designation by an Owner of a Designated Tenant shall not relieve such Owner from any responsibility hereunder. 7.2 Qualification of Terrane. A Tenant may not be designated as a Designated Tenant pursuant to Article 7.1 hereof' unless such Tenant is leasing all of the Parcel, and the provernents located thereon, from the Designating Owner. G ou""r -1. 5 2 9 451 10 ARTICLE V111 TERM 8.1 Term. This Declaration shall be effective as of the date first above written and shall continue in full force and'effect until the earlier of 11-59 p.m. on December 31, 2055 or the date the Borders Lease ion of this DeclaTation shall not limit or affect any remedy at terminates -, providedl hove ver, that the termmat law or in equity that an Owner may have against any other Owner with respect to any liability or obligation arising or to be performed under this Declaration prior to the date of such ter mi -nation. IN WITNESS WHEREOF, the parties hereto have caused this Declaration to be executed effective as of the day and year first above written. In the Presence of: STATE OF NEW YORK COUNTY OF Mapat, LLC, liability c an a New York limited fiabffity c By : /I Its - Z 1 M.H.D., LLC a New York Kited liability compan-, f. 75� By: Its - I do hereby certify that on this I day of July, 1999, before me, a Notary Publ'I c, in and for said County and State,, personally appeared A46 -6j- At the Aye of Mapat, LLC, a New York limited liability company, who acknow . ledged that he did sign the foregoing instrument and that the same is his dee act and deed and the free act and deed of said Akt%j u a u K 1 -,5- - ?" 9 452, 1I In Witness Whereof, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. Notary Public STATE OF NEW YORK COUNTY OF e��-_i_G c!cHZ> kjiLrILLtn 9 ojo w ry F ublic - State fj i N ear Y 0 P.k' Oudified in Brie County NN Commission f---Xpry Nov 30 61� SS I do hereby certify that on this d I day of July, 1999, before me, a Notary Public in and for the County and State aforesaid, and duly commissioned, personally appeared /�t e to be known to m the /YL�LO�nf- — of I.D. LLC, a New York limited liability company, who, being by me duly sworn, did depose a�d say that, on behalf of said cw orporation and by authority of its bylas, he signed, and delivered said istrument for the uses and purposes therein set forth, as his free and voluntary act; and that he signed his name thereto by like order. in Witness Whereof, I have her set MY hand and affixed my official seal the day and year in this certificate first above written. Notary Public C- _1 jq0jpry Public state ofNeav "I C) Lj al If i Ede CID 0 RtY w Go MmIsicon Expires N ov 30, Prepared by ,'end when recorded rerun to: Phillip J. Bowen Conlin, McKenney & Philbrick, P.C. 350 S. Main Street, Ste, 400 Ann Arbor, MI 48104 H. kPl B 1 B C) R -D E RS \ S A RA TOGA S p RfN6 SSAG MT\ D EC 1. A RAT [ON. 2. W PD 12 9 clo-�1-52453 U - L.11 EXHIBIT 5 LEGAL DESCRIP ' F LANDS OF HI .D., LLD and MAAT, LLC TO BE KAD To BORDERS, INC. ALL THAT CERTAIN TRACT, PIECE OR PARCEL in the City of Saratoga Springs inside district Saratoga, State of New York, lying on the westerly Broadway, on the southerly side of Division Street bounded and described as follows OF LAND situate Counter of side of and further BEGINNING at the point of intersection of the southerly 11ne of Division Street with the westerly Line of Broadway and runs thenca from said point of beginni EXHIBIT LEGAL DESCRIPTION of ADJACENT PARCEL OWNED BY MAPATe LLC ALL THAT CERTAIN TRACT , PIECE OR PARCEL of LAND situate in the City of Saratoga Springs inside district), County of Saratoga, State of New 'fork, lying on the southerly side of Division treat, westerly of Broadway sand being further bounded and described as follows BEGINNING at a point cn the southerly 1 ne of Division tre ti, said point being situate North ° 27' 00" West t 300900 feet from the intersection ection of said southerly line of Division Street with the westerly line of Broadway and runs thence from said paint of beginning through the lands of MAPATP LLC, as described in Book 1481 of Deeds at Fags 488 the following two courses: 1 South 30' 341 0011 Westf, 84.21 feet to a point; and South 06* %152' "' West, 49.78 feet to a point; thence along the common 11ne of the aforesaid lands of MAPAT,, LLC, on the west and the lands now or for erl.y of Frank S. and John S. Panza, o the east'. as described in Book 1048 of Deeds at Page 821, South ° 4' 00" West 1 . feet o a alntthence along the e line of the aforesaid lards of MAPAT , LLC, on the north and the lands of Bethesada Episcopal, on the south, North 840 6' " west{ 22.16 feet t o a point; thence alon the common line of the aforesaid lards of MAPAT, LLC# on the north and east, and the .ands now or formerly of the County of Saratoga Industrial. Development Agency, on the south and west , as described in Book 1400 of Deeds at Page 199 the f of to ring two courses 1 North 271 00" Wert, 127.14 feet to a point.' and 2) North 0* ' o" East, 339.06 feet to a pa±nt on the aforBsa±d southerly line of Division tree ; thence along said southerly line South 9' 271 00" East, 127.24 feet to the point and place +e f beginning and containing 1 . o ± acres of land L JECT to an easement for ingress and egress lying on the southerly side of Division St keet and being further bounded and described as follows: BEGINNING at a point on the southerly line of Division Street, said point being situate NorTh 271 00" West F 300-0 Feet from the point of interseCt4on of said southerly lire o Division Street Frith the westerly lire of Broadway and runs thence from Bald pont of beginning through the lands of I APRT , LLC, as described in Book 1481 of Deeds at Page 488 the following five courses: 1 south. 4' 00" west, 84.21 feet to a point; 2 South " West, 49.78 feet to a point; { North 716 161 2" West, 20t44 feet tc a point;(4) North 060 ' 5" East, 49.78 feet to a point; andNorth 300 4' o" Eastor 88.40 feet to a point on the aforesaid southerly line of Division Street; thence along saal.d southerly line South ° 27' 00" East, 20,00 feet to the point or place of beginning. Also SUBJECT to an eae"' for ingress and egress lying on the southerly side of Division Street and being further bounded and described as follows: BEGINNING at a point on the southeriy line Of Division Street, said point being situate, North 590 1 00" West, 300,00 feat from the point of intersection of said southerly line of Division Street with the westerly line of Broadway and runs thence from said point of beginning through the lands of MAPAT, LLC, as described in Book 1481 of Deeds at Page 488 the following 1) South 309 341 00" West, 84,21 feet to o point,* andSouth 060 " Wept, 49.78 feet to aoint & thence along the common lire of the aforesaid Lands of KApATr LLC, on the west and she lands now or formerly of Frank S. and John S. Panza, on the east, as described in Book 1048 of Deeds at Page 821, South 301 341 00" West, 199.73 feet to a point; thence along the common Lime of the aforesaid lands of MAPAT, LLC, on the north and the lands of Bethesada Episcopal, on the south f North 840 561 " West 22.16 feet to a point thence through the aforesaid lands of MT , LLC the following three ( ) courses Nor 1 00" East il 205.08 feet to a point v Nosh 060 52' " East, feet to a point; and North 1 " East 68.40 o free to a point on the aforesaid southerly line o Division Street; thence along said southerly line, South o it East, 20.00 feet to the point and place of k in i F EXHIBIT D Prohibited and Restricted Uses A. The following uses shall be Prohibited Uses within either Parcel: I flea market y business is selling merchandise that is used, daTnaged or I scrap whp ap shopOT "outlet store" ose. rimar discontiDued 3. bowling alley 4. arcade 5. game roorn 6. skating rink 7. billiard room 8. massage parlor 9. adult book store 10. ballroom, dance hall, discotheque 11, barber college 12. theater 13. f-uneral parlors 14, facility for the sale of paraphernalia for use with illicit drugs 15. off-track betting parlor 16, carnival, amusement park or circus 17. new or used car dealership 18, gas station 19. auto repair shop of the revenues are generated from the sale of alcoholic 20. bar, tavern or pub where more than 50 % beverages B The following uses shall be Restricted Uses within either Parcel, and may be engaged in only if the following parking lot ratios are met. Required Nature of Use P Ratio restaurant for on premises consumption where more than 50% of the revenues are derived from the sale, of food or beverages other than alcoholic beverages one parking space for each 4 seats contained in a full service restaurant (I", e, I a restaurant whose primary business is the sale of food for on prernises consumption) and one parking space for each 3 seats contained in a fast food restaurant (i.e., a restaurant whose primary business is the sale of food Reins for both on premises and off premises consumption) 2. -health club or place of instruction, readingrOOM OT any other operation catering primarily to students or trainees rather than to customers 3. grocery store 5 parking spaces per 1X000 square feet devoted to such use 5 parking spaces for each 1,000 square feet of Space devoted to such use D-2 EXHIBT E Site Plan M Oft MO 4-d '4 im km U%Lw—&" -an ROO WR k t ax a, 0 MItT N OUD 0 1 &;:;, JL im n I -k 5 D ■ I pmr , MK wow w ti aro:0. 4-- jo: -A E -I -N c L-) u% h 5 2 EXHIBIT 64CII 1 M ISI 'S OWNERSHIP ACCESS EASEMENT AREA 2004 Deed Saratoga County COUNTY CLERK'S RECORD119G IpAr&Z RECEIPT NO. -839750 INDEXED COY.Q w\ SGA] NED BY: RECORDING: Cost Filing Fee fRCD Deed) 5.C-0 Cover Sheet Fee (Deed? 10.co EA5217 Fee 50.CCI Education Fee 20.CO TP584 Fee (Filing Fee) 5.1-.0 Transfer Tax Fee 9,200 -CO Markoffs Names Pages 9,CO TOTAL: 9 r 2 9 9. C-:0 *****NOTICE, THIS IS NOT A BILL **"** BOOK OF DEEDS BOOK 01688 PAGE 00402 NG. PAGES 2 INSTRUMENT CODE: [AFM IN9TRUMENT NO,; 20D4DS835 STATE OF NEW YORK TRANSFER TAX SARATOGA COUNTY CLERK RECORDED ON 07/15/2004 AT 08:55:00 Transfer Tax 9,200.00 IN BOOK OF DEEDS PACE 00402 OF 0168El Trans 4-er Tax # 200408835 Kathleen A. Marchione SARATOGA COUNTY CLERK THIS PAGE IS PART OF THE INSTRUMENT Bargain and Sale Deed with covenant against grantOT's acts '15is Indenture. ade,h, ��_" day, of 'u, 2004 Between PAT, 1,LC Four Cathedral Park, 4th Floor Buffalo. New York 14202 party of the first part, and 10 DIVISION STREET OFFICES LLC 513 Broadway Saratoga Springs, NeNv York 12066 part Qf the second part, 07/15/90N 9:5151 Ah M408835 �jritogjj Dounty Clerk Witncssetb, that the paqv oj'thefirst part, in consideration cif 'Ten Dollars and other valuable consideration paid by the paro, oj'the second part. does hereby grant and release unto the party of the second part, the heirs orsuccessors grad aysigns oj'the paqy (?f the second part, jorever. ALL that ceriain plot, piece or parcel t ' P-I'land, with the buildit�,Us and improvements thereon erected, sit nate, lypin g and being describeci on Schedule A attached hereto and made a part hereof TOGETHER with all right, title and inter -est, �fany, q the party q the firsi part in and to any streeis and roads abutting 1h( , above described premises to the center lines thereqf- TOGETHER wiih the appurtenances and all the estafe and rights ofthe pari.y qfthefirst part in and to said premises,- TO HA VE AND TO HOLD the preinises hereranled unio the party qf1he second part, the heirs or successors and ass 1"qns qfhe paqv of the seeond parifibrever. AND the part ' y of the firsi pari covenants that the party v qfthefirsl part has not done or sufj&red anything whereby the saidprhave emises been encumbered in any way whatever, except as aforesaid. AND the party qfthefirsi part, in compliance with Section 13 of (he Lien Law, covenants that the party qf thefirst part will receive the consideralionfior this conveyance and will hold the riqhl to receive such consideration as a trustfinid io be appliedfirsifior the purpose ofpaying the cost qf the improvement and will qpp�v the samefirst to the payment ql'the cosi of the improvenzent before using any part of the total of rhe .sure or uny wher purpose. The word "parry " shall be construed as if it read ` arties " whenever the sense qflhis indenture so requires. IN WITNESS WMEREOF the pf irf.v of thc fir -a pari has chdy exe-cuted this deed the dcty andyear first above written. State of New York) County f'Erie ) ss: AMPAT, L-(- 0"011 ze L Bi-- - - - - - - - - - - M Mj�r'dn Un M"� nag r Bv Andrew M. Hunt, na, ei 1-' On the 1,-) day of Ane. in the year 2004, hfhry rt e$ the unders-fgned. a notary public in and. for said slate, personally appeared i* 17RON11 HUNT (Ind ANDREW Af HUNT personally known to me or proved to me on the bas is qfsati,�ffictory e vidence to be the individual(s) whose name(s) arelis subscribed to the within instrument and acknowledged to me that helAelthev executed the same in hislherltheir capacii M ' v, and ai kv hislher/their signaturm e(s) on the instruent, the individual(s), or the person(.�) upon behalf e# 'which the inoiv idual(s) acted, exevul( ,d the instrument. %0Z f` Doc #: 1636,8 1 3 A, /) dr 5 ", A'r..', ---- Nr 7!-V- P U, C .Mato C. s1'-4 6 I_,. (I tj I Ent; t,-Uji I E 11 F, A, rxrnmisi!- C-4:)-ce- N'Ov ver Title No. NVR 04-2372 Scheduie A ALL THAT CERTAIN TRACT, PIECE OR PARCEL OF LAND situate in the City of Saratoga Springs (Inside District), County of Saratoga, State of New York, lying on the southerly side of Division Street, westerly of Broadway, and being furthcr bounded and described as follows: BEGINNING at a point on the southerly line of Division Street, said point being situate North 59" 27' 00" West, 300.00 feet from the intersection of said southerly line of Division Street with the westerly line of Broadway, and runs thence, from said point of beginning, through the lands of Mapat, LLC, as described In Book 1481 of Decd at Page 488, the following two (2) courses and distances: 1.) South 30' 34' 00" West, 84,21 feet to a point; and 2.) South 0611 52' 35" West, 49.78 feet to a point; thence, along the common line of the aforesaid lands of Mapat, LLC, on the west, and lands now or formerly of Frank S. Panza and John S. Panna, as described in Book 1048 of Deeds at Page 821, on the cast, South 3011 34' 00" West, 199,73 feet to a point; thence, along the common line of the aforesaid lands of Mapat, LLC, on the north, and the lands of Bethesda Episcopal, on the south, North 84' 56" 02" West, 22.16 feet to a point; thence, along the common line of the aforesaid lands of Mapat., LLC, on the north and east, and the lands now or formerly of the County of Saratoga Industrial Development Agencv, as described in Book 1400 of Deeds at Page 1997 on the south and west, the following two (2) courses and distances: 1. North 59' 57' 00" West, 127.14 feet to a point; and 2.) North 300 33" 00" East, 339-06 feel: to a Point On the aforesaid Southerly line of Division Street, thence, along said southerly lime, South 591 27' 00" East, 127.24 feet to the point and place of beginning, and containing 1-09± acres of land. SUBJECT TO an easement for ingress and egress, lying on the southerly side of Division Street, and being further bounded and described as follows: BEGINNING at a point on the southerly line of Division Street, said point being situate North 59' 27' 00" West, 300,00 feet from the intersection of" said southerly line of Division Street with the westerly line of Broadway, and runs thence, from said point of beginning, through the lands of Mapat, LLC, as described in Book 1481 of Deeds at Page 488, the following five (5) courses and distances: 1. South 300 34' 00" West, 84,21 feet to a point; Continued On Next Page Title No. NVR 04-2372 Schedule A (Continued) 2.) South 06o 52' 35" West, 49.78 feet to a point; 3.) North 71" 16' 421" West, 20.44 feet to a point; 4.) North 06" 52' 35" East, 49,78 feet to a point-, and 5.) North 301 34' 00" ]last, 88.40 feet to a point on the aforesaid southerly line of Division Street, thence, along said southerly line, South 59' 27' 00" East, 20.00 feet to the point or place of beginning. ALSO SUBJECT TO an easement for ingress and egress, lying on the southerly side of Division Street, and being further bounded and described as follows: BEGINNING at a point on the southerly line of Division Street, said point being situate North 591 27' 00 " West, 30 x, 00 feet from the intersection of said southerly line of Div i sion Street with the westerly line of Broadway, and runs thence, froin said point of beginning, through the lands of Mapat, LLC, as described in Book 1481 of Deeds at Page 488, the following two (2) courses and distances: 1.) South 30' 34' 00" West, 84,21 feet to a polInt; and 2.) South 061 52' 35 q West, 49,78 feet to a point; thence, along the common line of the aforesaid lands of Mapat, LLC, on the west, and lands now or formerly of Frank S, liana and John S. liana, as described in Book 1048 of Deeds at Page 821, on the east, South 300 34' 00" Wegg, 199.73 feet to a point; thence, aloe the h e m comon line of the aforesaid lands of Mapat, LLC, on the north, arid the lands of Bethesda Episcopal, on the south, North 840 56" 02" West, 22.16 feet to a point; thence, through the aforesaid lands of Mapat, LI -C, the following three (3 courses courses and distances: I -) North 300 34' 00" East, 205.08 feet to a point; 2.) North 061, 52' 35 " East, 49.78 feet to a point; and 3.) North 301 34' 00" East, 88.40 feet to a point on the aforesaid southerly line of Division Street; thence, along said southerly line, South 59' 27' 00" East, 20.00 feet to the point or place of beginning. Subject to easements and restrictions of record 04A