Common use of Restrictions Run with the Land Clause in Contracts

Restrictions Run with the Land. ARCO's rights under this Declaration, ------------------------------ Owner's obligations under this Declaration, any restrictions on the use and operation of the Real Estate, and any waivers and releases by Owner under this Declaration (collectively, the "Rights and Restrictions") are for the benefit of ARCO and its successors and assigns. The Rights and Restrictions run with the Real Estate and bind Owner's successors and assigns, including future owners and tenants of the Real Estate, for ARCO's benefit. The Rights and Restrictions are intended to (i) constitute equitable servitudes that burden the Real Estate and (ii) to be enforceable under Section 1471 of the California Civil Code. (See signatures on the next page) OWNER: LLO-GAS, INC., a Delaware corporation By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ----------------------------------- ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ President (ATTACH NOTARY ACKNOWLEDGMENTS) CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT ================================================================================ STATE OF CALIFORNIA ---------- COUNTY OF ORANGE ------ On September 2, 1999 before me, ▇. ▇▇▇▇, Notary Public -------------------- ------------------------------------------------------------------ NAME, TITLE OF OFFICER -E.G., "▇▇▇▇ ▇▇▇", NOTARY PUBLIC personally appeared ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇, ------------------------------------------------------------------------------------ [X] personally known to me to be the person whose name is subscribed to the within [SEAL] instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. /s/ ▇. ▇▇▇▇ ----------------------------------------------------------------------------- SIGNATURE OF NOTARY ===========================OPTIONAL============================================= Though the data is not required by law, it may prove valuable to persons relying on the document and could prevent the fraudulent reattachment of this form [_] INDIVIDUAL [X] CORPORATE OFFICER President Environmental Covenants and Conditions --------- -------------------------------------- TITLE OR TYPE OF DOCUMENTS PARTNER(S) [_] LIMITED [_] GENERAL [_] ATTORNEY-IN-FACT -------------------- [_] TRUSTEE(S) NUMBER OF PAGES [_] GUARDIAN/CONSERVATOR [_] OTHER September 2, 1999 -------------------------------- DATE OF DOCUMENTS SIGNER IS REPRESENTING: NAME OF PERSON(S) OR ENTITY(IES) LLO-Gas, Inc., a Delaware corporation None --------------------------------------- -------------------------------- SIGNER(S) OTHER THAN NAMED ABOVE LEGAL DESCRIPTION OF THE REAL ESTATE (See Exhibit "A" following this cover sheet.)

Appears in 1 contract

Sources: Agreement for Sale of Real Estate (Discovery Investments Inc)

Restrictions Run with the Land. ARCO's rights under this Declaration, ------------------------------ Owner's obligations under this Declaration, any restrictions on the use and operation of the Real Estate, and any waivers and releases by Owner under this Declaration (collectively, the "Rights and Restrictions") are for the benefit of ARCO and its successors and assigns. The Rights and Restrictions run with the Real Estate and bind Owner's successors and assigns, including future owners and tenants of the Real Estate, for ARCO's benefit. The Rights and Restrictions are intended to (i) constitute equitable servitudes that burden the Real Estate and (ii) to be enforceable under Section 1471 of the California Civil Code. (See signatures on the next page) OWNER: LLO-GAS, INC., a Delaware corporation By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ----------------------------------- -------------------- ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ President (ATTACH NOTARY ACKNOWLEDGMENTS) CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT ================================================================================ STATE OF CALIFORNIA ---------- COUNTY OF ORANGE ------ On September 2, 1999 before me, ▇. ▇▇▇▇, Notary Public -------------------- ------------------------------------------------------------------ ------------------------------------------------------------- NAME, TITLE OF OFFICER -E.G., "▇▇▇▇ ▇▇▇", NOTARY PUBLIC personally appeared ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇, ------------------------------------------------------------------------------------ --------------------------------------------------------------------------- [X] personally known to me to be the person whose name names is subscribed to the within [SEAL] instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. /s/ ▇. ▇▇▇▇ ----------------------------------------------------------------------------- ------------------------------------------ SIGNATURE OF NOTARY ===========================OPTIONAL============================================= ====OPTIONAL========================================= Though the data is not required by law, it may prove valuable to persons relying on the document and could prevent the fraudulent reattachment of this form [_] INDIVIDUAL [X] CORPORATE OFFICER President Environmental Covenants Covenant and Conditions --------- -------------------------------------- ------------------------------------- TITLE OR TYPE OF DOCUMENTS PARTNER(S) [_] LIMITED [_] GENERAL [_] ATTORNEY-IN-FACT -------------------- --------------------------- [_] TRUSTEE(S) NUMBER OF PAGES [_] GUARDIAN/CONSERVATOR [_] OTHER September 2, 1999 -------------------------------- --------------------------- DATE OF DOCUMENTS SIGNER IS REPRESENTING: NAME OF PERSON(S) OR ENTITY(IES) LLO-Gas, Inc., a Delaware corporation None --------------------------------------- --------------------------------------------------- -------------------------------- SIGNER(S) OTHER THAN NAMED ABOVE LEGAL DESCRIPTION OF THE REAL ESTATE (See Exhibit "A" following this cover sheet.) EXHIBIT "A" LEGAL DESCRIPTION OF THE REAL ESTATE Lot 43 and the south 25 feet of lot 44 of Tract No. 200, in the city of Los Angeles, County of Los Angeles, State of California, as per Map recorded in Book, 13 Page 152 of Maps, in the office of the County Recorder of said County. DEPICTION OF THE REAL ESTATE AND RESTRICTED AREA (See Exhibit "B" following this cover sheet.) EXHIBIT "B" [GRAPHIC] RIGHT OF FIRST REFUSAL AGREEMENT (See Exhibit "D" following this cover sheet.) EXHIBIT "D" Order No.: ------------ Escrow No.: ----------- RECORDING REQUESTED BY OLD REPUBLIC TITLE COMPANY AND WHEN RECORDED, RETURN TO: Atlantic Richfield Company 4 Centerpointe Drive, LPR ▇-▇▇▇ ▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Attn: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ Facility No.: 01860 Location: ▇▇▇▇ ▇. ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ FOR RECORDER'S USE -------------------------------------------------------------------------------- RIGHT OF FIRST REFUSAL AGREEMENT -------------------------------- This Right of First Refusal Agreement (this "Agreement") dated September 2 , 1999, is made by LLO-GAS, INC., a Delaware corporation -------------- ("Owner"), for the benefit of ATLANTIC RICHFIELD COMPANY, a Delaware corporation ("Holder"). A. Holder is the former owner of the real property in the County of Los Angeles (the "County"), State of California, described in the attached Exhibit "A" (the "Real Estate"). In connection with signing and recording this Agreement, Holder conveyed the Real Estate to Owner. B. By this Agreement, Owner intends to grant to Holder certain rights to buy or lease the Real Estate and certain other property. AGREEMENT --------- THEREFORE, Owner agrees as follows:

Appears in 1 contract

Sources: Agreement for Sale of Real Estate (Discovery Investments Inc)

Restrictions Run with the Land. ARCO's rights under this Declaration, ------------------------------ Owner's obligations under this Declaration, any restrictions on the use and operation of the Real Estate, and any waivers and releases by Owner under this Declaration (collectively, the "Rights and Restrictions") are for the benefit of ARCO and its successors and assigns. The Rights and Restrictions run with the Real Estate and bind Owner's successors and assigns, including future owners and tenants of the Real Estate, for ARCO's benefit. The Rights and Restrictions are intended to (i) constitute equitable servitudes that burden the Real Estate and (ii) to be enforceable under Section 1471 of the California Civil CodeEstate. (See signatures on the next page) OWNER: LLO-GAS, INC., a Delaware corporation By: /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ----------------------------------- --------------------------------------- ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ President ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇ President (ATTACH NOTARY ACKNOWLEDGMENTSACKNOWLEDGMENT) CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT ================================================================================ STATE OF CALIFORNIA ---------- COUNTY OF ORANGE ------ On September 2, 1999 before me, ▇. ▇▇▇▇, Notary Public -------------------- ------------------------------------------------------------------ NAME, TITLE OF OFFICER -E.G., "▇▇▇▇ ▇▇▇", NOTARY PUBLIC personally appeared ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇, ------------------------------------------------------------------------------------ [X] personally known to me to be the person whose name names is subscribed to the within [SEAL] instrument and acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. /s/ ▇. ▇▇▇▇ ----------------------------------------------------------------------------- SIGNATURE OF NOTARY ===========================OPTIONAL============================================= Though the data is not required by law, it may prove valuable to persons relying on the document and could prevent the fraudulent reattachment of this form [_] INDIVIDUAL [X] CORPORATE OFFICER President Environmental Covenants and Conditions --------- -------------------------------------- TITLE OR TYPE OF DOCUMENTS PARTNER(S) [_] LIMITED [_] GENERAL [_] ATTORNEY-IN-FACT -------------------- [_] TRUSTEE(S) NUMBER OF PAGES [_] GUARDIAN/CONSERVATOR [_] OTHER September 2, 1999 -------------------------------- DATE OF DOCUMENTS SIGNER IS REPRESENTING: NAME OF PERSON(S) OR ENTITY(IES) LLO-Gas, Inc., a Delaware corporation None --------------------------------------- -------------------------------- SIGNER(S) OTHER THAN NAMED ABOVE LEGAL DESCRIPTION OF THE REAL ESTATE (See Exhibit "A" following this cover sheet.)

Appears in 1 contract

Sources: Agreement for Sale of Real Estate (Discovery Investments Inc)