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SAI.E PROHIBITION COVENAivT <br /> THIS SALE VROHI[3ITION COVENANT is made ihis ��day of March,2007 by AVP III <br /> Silvcr Lakc LLC, a Delaware limited liability company, with respcct to tha[ certain property <br /> commonly !cnown as 2020 La}ce Heights Drive, Everett, Washington, and legally described <br /> identified in Exhibil A attached hercto(thc"Property"): <br /> 1. This covcnant has bcen recorded in the real property records oC Snohomi,h County, <br /> Washington, ir�satisfacticu of the requirements of RCW 64.SSA10 through 64.55.090. <br /> 77ie undersigned is the owner of the Property described on Exhibit A. Until <br /> tcrmination oC this covenant, no dw'elling unit in or on the Property may be sold as a <br /> condominium unit except for sales listed in RCW 64.34.400(2). <br /> 2. This covcnant tertnina[cs on thc earlier of eilher. (a)compliance widi thc requirements <br /> of RCW 64.55.090, us certiGed by the owner of the Propcety in a recorded supplement <br /> hereto; or(b) the fitth anniversary of the date of Cirst occupancy of a dwelling unit as <br /> ccrti5ed by the owncr in a rccorded supplement hereto. <br /> 3. All tiQe insurancc companics and persons acquiring an interesl in the Properiy may <br /> rely on t;�e torgoing certifications without further inquiry in issuing any policy o[title <br /> insurance nr in acquiring an interest in the PropeRy. <br /> AVP III Sn`JER L4Ki: LLC, a Delawarc limited <br /> liebiliry company <br /> IIy: AlackIteck Apartment Valuc Pund ❑I, Inc., a <br /> Maryla�d corporation <br /> ]ts sole�a..mber <br /> By: — <br /> Prmt Nm Robeit J.Weiss <br /> Tidc: V'ce President& Assistant Secrctary <br /> / � / <br /> � <br />