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. •' � T�S., <br />A <br />0 <br />C <br />ATES <br />DECLARATION OF tiASGMENTS <br />;LARATION OF EASEMENTS (the "Easement") is en:ered mto this [�' day of <br />��', 2001, by and behvicen TITANIC ASSOCIAT'ES, a New Jersey general partnersli�p <br />und THE EQUTI'ABLG LIFE A55URArCE SOCIETY OF TI-IE UNITED <br />"ELhS;'' and together wrth Trtamc, thc "Part�es"). <br />� . RECITALS <br />"I'it:uafc�ownc.tfi�C.cecF�n rea] property m Snohom�sh County, Washington commonly <br />kri�wp� tis EVcrcti•NIall and legally descnbed on attached Erhibrt A(thc "Property") <br />Tda'nic also qtivns_[brec (3) parcels of real property ad�acen[ to or abuttmg lhe Prvperty <br />and legal6y'iic.�cnbed on auached Exhibu C("Parcel P, "Parcel B;' and "P;ucel C") <br />Trtanic gianfed., tFiat�� ce[fain,'' Ingress-Egress Access Easement to Seatde—North <br />Ue� elopment CocT7pany; dated February 28, 1980, recorded m the records of Snohomish <br />County, R'ashmgton under,Rccordrog No 8010240231 (the "Access Easement"), for �hc <br />�urpose of providmging�s�.and•;egress to Pareel A and P:ucel B The Access Lasement <br />references anothcr,•'easement � fot a s�artn dram Imes benefiung the Property (the <br />"Dramage �asemen,P'):...The,.Part�es believc U�a[ the Drmnagc Hasement was not <br />rccorded <br />7'he Part�cs havic executed,thaC ceR�n Dced•in �reu Ag:eement of even date, whereby <br />ELAS will take tule to thc Property m lieu�of Forcolosure T'�tan�c will remam the owner <br />of Purcel A, Parcei B and Pazccl C,The paRie� ackpowledge that the doctnne of inerger <br />may have resulted m thc terniinanon of,: tfie Access Fasement and thc Drmnagc <br />Lasement Thc PaR�cs des�re to ciep[e the'Access Easement and the Dra�nage Easemcnt <br />AGREENfF,NT•; `; <br />Declarahon of Access Easement GLAS�'fierehy;.granis and conveys the Access <br />Easement burdcnmg the Property " `" �' �' <br />1 1 Bene6ted Estatc P;ucel A and Parce( II'•ar@ th�:bGnefited esta[es as to [he <br />Access Easement „_._ <br />1 2 Burdened Estate The Property is the burdenCcl..estat�`�`as to the Access <br />Easement <br />., ' ... <br />llcclaraUon of Dra�naee Easemem T�tamc hereby grants-:ind conveys,ihe Dramage <br />Easement burdenmg Parcel A and P:ucel B and Parcel C iri�the pp'pro�.imatqlocanans <br />set forth on attached Gxhibu D <br />m?27J7-121199 doc <br />� .. <br />20U 10 6 7 4 0�.�.��:; _:.�:.. <br />. <br />- - - ��� � - <br />