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763, <br /> a <br /> CONDOMINIUM SALE PROHIBITION COVENANT <br /> This covenant is being recorded in the real property records of Snohomish County, Washington, <br /> in satisfaction of the requirements of RCW 64.55.010 through 64.55.090. The undersigned is the <br /> owner of the property described on Exhibit A (the "Property"). Until termination of this <br /> covenant, no dwelling unit in or on the Property may be sold as a condominium unit except for <br /> sales listed in RCW 64.34.400(2). <br /> This covenant terminates on the earlier of either: (a) Compliance with the requirements'of RCW <br /> 64.55.090, certified by the owner of the Property in a recorded supplement hereto;or(b)the fifth <br /> anniversary of the date of first occupancy of a dwelling unit as certified by the owner of the <br /> Property in a recorded supplement hereto. <br /> This covenant shall run with the land and shall bind the grantor and the grantor's heirs, personal <br /> representatives, successors in interest and assigns. In no event shall any mortgagee have any <br /> obligations or liability under this covenant for any period during which such mortgagee is not the <br /> legal owner of the property. In all events, any liability of any mortgagee shall be limited to its <br /> interest in the Property. <br /> [Signatures on Following Page] <br />