2. The Covenantor shall not at any time construct,
Or permit the construction, on the Land of a building or buildings
which contain more than twenty-four dwelling units.

3. The Covenantor shall not permit the use of any building
or development on the Land for the occupancy of more than
twenty-four dwelling units.

4. Nothing contained or implied herein shall prejudice
or affect the City's rights and powers in the exercise of
its legislative or regulatory functions, and all statutes,
regulations, bylaws and orders may be exercised in relation
to the Lands as if this Covenant had not been granted,

5. This Covenant runs with the Land.

6. The Covenantor hereby releases, indemnifies and
Saves the City harmless from and against all claims and demands
whatsoever by any person, arising out of or in any way due

to the ‘granting or existence of this Covenant.

7. The Covenantor hereby authorizes the City in its
discretion todo all things necessary to obtain priority for
this Covenant over all charges and encumbrances registered

against title to the Land.

8. This Covenant enures to the benefit of and is binding

on the parties and their heirs, executors, administrators,
successors and assigns; every reference in this Covenant to

each party includes the officers, employees, agents and contractors

of each party; whenever the singular or masculine is used

in this Covenant, the Same is deemed to invslude the plural

or the feminine or the body corporate as the context so requires;
waiver of any default by either part shall not be deemed to

be a waiver of any subsequent default; and this Covenant is

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AN By reese