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This Covenant will be filed and recorded in the official public land records of Snohomish <br /> County, Washington, and shall constitute a restriction upon the use of the Property described <br /> herein, subject to and in accordance with the terms of this Covenant. <br /> The covenants contained herein are to be taken and construed as covenants running <br /> with the land and shall pass to and be binding upon the Grantor,its successors and assigns,heirs, <br /> grantees,and lessees of the Property, beginning on the date of recording of this Covenant. Each <br /> and every contract, deed, or other instrument covering or conveying Grantor's interest in the <br /> Property, or any portion thereof, shall be conclusively held to have been executed, delivered, <br /> and accepted subject to such covenants, regardless of whether such covenants are set forth in <br /> such contract, deed, or other instrument. <br /> NOW,THEREFORE, it is hereby covenanted as follows: <br /> 1. From the date of the recording of this Covenant and continuing until December 31, 2051, <br /> the Grantor shall operate the Property as emergency bridge housing in accordance with <br /> Exhibit 2 attached hereto. Failure to operate the Property as emergency bridge housing in <br /> accordance with Exhibit 2 is a breach of this Covenant. <br /> 2. Grantor will make annual certifications to the City (or County, if the County so requests) in <br /> such form and on such date as the City or County may require,and with such accompanying <br /> documentation as the City or County may require, that it is in compliance with this <br /> Covenant. <br /> 3. Grantor hereby irrevocably grants an easement in gross to the City and the County and their <br /> agents and employees, for the duration of this Covenant, to enter the Property at any time <br /> on reasonable notice to inspect the condition of the Property, to verify other matters <br /> relevant to this Covenant or to this Agreement, or to inspect and copy any documents <br /> maintained by Grantor or its agents relevant to this Covenant. <br /> 4. If a violation of one or more of the foregoing covenants occurs,and such occurrence remains <br /> uncorrected for a period of thirty(30) days or more after Grantor's receipt of written notice <br /> of such violation from the City or County, the City or County may institute and prosecute <br /> any proceedings at law or in equity to abate,prevent,or enjoin any such violation,to compel <br /> specific performance of this Covenant, and/or to recover monetary damages, restitution, <br /> and costs and attorneys'fees incurred in enforcing this Covenant. No delay in enforcing the <br /> provisions hereof as to any violation shall impair, damage, or waive the right of the City or <br /> the County to obtain relief against or recovery for the continuation or repetition of such <br /> violation or any similar violation at any later time. <br /> 5. Nothing in this Covenant shall be construed to impose on the City or County any obligation <br /> or liability not expressly provided herein. This Covenant is not intended to create any duty <br /> on the part of the City or County to any tenant or occupant of the Property, nor to confer <br /> on any tenant or occupant of the Property or any other person any right or claim against the <br /> Covenant Page 2 <br />