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LIMITED RELEASE AND TERMINATION OF <br /> EASEMENTS AND ENCUMBRANCES <br /> THIS LIMITED RELEASE AND TERMINATION OF EASEMENTS AND <br /> ENCUMBRANCES ("Termination") is dated as of , 202 , and is made by <br /> City of Everett, a Washington municipal corporation (the "City"), as its interests may appear, <br /> with reference to the following: <br /> A. The City has certain rights and interests, as created pursuant to the documents <br /> identified on the attached Exhibit B (collectively,the"Rights"). <br /> B. The Rights, in part, burden and/or encumber that certain real property legally <br /> described on the attached Exhibit A(the"Property"). <br /> C. The City has determined that it no longer needs the Rights solely to the extent that <br /> the Rights burden and/or encumber the Property(such Rights,the"Unneeded Rights"). The City <br /> has made no such determination as to the Rights, if any, that burden and/or encumber any real <br /> property other than the Property. This Termination does not affect Rights that burden and/or <br /> encumber any real property other than the Property and such Rights remain in full force and effect. <br /> D. The City has determined that it no longer needs the Unneeded Rights, and now <br /> desires to release all right, title and interest in and to the Unneeded Rights, and to terminate the <br /> Unneeded Rights in their entirety, effective as of the recording of this Termination in the records <br /> of Snohomish County,Washington("Effective Date"). <br /> NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of <br /> which is hereby confirmed,effective as of the Effective Date,the City hereby(i)releases the City's <br /> entire interest in,to and under the Unneeded Rights to the owner of the Property,and(ii)terminates <br /> the Unneeded Rights in their entirety. Nothing in this Termination is intended to affect the right, <br /> title, or interest of the City outside of the Property, including,without limitation,the Rights to the <br /> extent they burden and/or encumber any property other than the Property. This Termination shall <br /> not effect a termination, waiver, or abandonment of any Rights to the extent they burden and/or <br /> encumber any property other than the Property,and such Rights are hereby reaffirmed and ratified. <br /> [No further text.] <br /> 108781920.4 0073013-00041 <br />