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AND WHEREAS the Covenantor desires to grant this
Covenant to restrict the use of the Lands as set out herein;

NOW THEREFORE in consideration of the premises
contained herein and the sum of One ($1.00) Dollar, now paid by
the City to the Covenantor, the receipt and sufficiency whereof
is hereby acknowledged, the Covenantor covenants as follows:

1. The Covenantor covenants and agrees that it will
build or place or permit the building or placement of

building ox structure on the Lands until a sewer line
constructed to the parcel boundary of the Lands intended
service and capable of servicing the Lands.

2. This Covenant,..is granted voluntarily by the Covenantor

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to the City pursuant to Section 215 of the Land Title Act of the
Province of British Columbia and shali run with the Lands.

3. The Covenantor hereby releases, indemnifies and saves
the City harmless from and against all actions, causes of action,
losses, damages, costs, claims, debts and demands whenever,
whatsoever or howsoever arising, brought by any person, arising
out of or in any way due to or connected with the granting or
existence of this Covenant.

4. The Covenantor shall forthwith after execution hereof

by it, do or cause to be done all acts or things reasonably
necessary to give proper effect to the intention of this Covenant
and to ensure that it may be registered against title to the
Lands in the New Westminster Land Title Office.

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