TERMS OF INSTRUMENT - PART 2 Page 6 of _lQ pages

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building, modular home, mobile home or unit, improvement,
chattel or other structure, including the contents of any
of them, built, constructed cr placed on the Lands,
caused by flooding, erosion or some such similar cause.

5. Subject to the provisions of section 215 of the Land
Title Act, the Grantor’s covenants contained in this Agreement
shall burden and run with the Lands and shall enure to the benefit
and be binding upon the Grantor, his heirs, executors,
administrators, successors and assigns and the First and Second
Grantees and their assigns.

6. Nothing in this Agreement shall prejudice or effect the
rights, powers and remedies of the First and Second Grantees in
relations. to the Grantor, including his heirs, executors,
administrators, successors and assigns, or the Lots under any law,
bylaw, order or regulation or in equity all of which rights, powers
and remedies may be fully and effectively exercised by the First
end Second Grantees as if this Agreement had not been made by the
parties.

7. The Grantor will do or cause to be done at his expense
all acts reasonably necessary for the First and Second Grantees to
gain priority for this Agreement over all liens, chattels and
encumbrances which are or may be registered against the Lots save
and except those in favour of the First and Second Grantees and
those specifically approved in writing by the First and Second
Grantees.

8. The parties agree that this Agreement shall not be
modified or discharged except in accordance with the provisions of
section 215(5) of the Land Title Act.

9, | The Grantor shall do or cause to be done all things and
execute or cause to ba executed all documents and give such further
and other asSurance which may he reasonably necessary to give
proper effect to the intent of this Agreement.

10. (a) The Grantor or any of his heirs, executors,
administrators, successors and assigns, as the case may
be, shall give written notice of this Agreement to any
person to whom he proposes to dispose of the Lands, or
any portion thereof, which notice shall be received my

that person prior to such disposition.

(b) For the purposes of this paragraph the word “dispose"
shall have the meaning given to it under section 29 of
the Interpretation Act, R.S.B.C. 1979, ¢.206.

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