Page 7 of 12 Pages

and assigns may have against the First and Second
Grantees and their respective employees, servants or
agents, elected officials and officers for and by
reason of any personal injury, death or loss or damage
to the Lots, or to any building, modular home, mobile
home or unit, improvement, chattel or other structure,
including the contents of any of them, built,
constructed or placed on the Lots, caused by flooding,
erosion or some such similar cause. '

. 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 Lots and shall enure to the benefit
of and be binding upon the Grantor, its successors and assigns
and the First and Second Grantees and their assigns. Neither the
Grantor nor any person from time to time bound by the covenants
of the Grantor hereunder shall be liable for any breach of the
covenants of the Grantor herein contained after it ceases to he

owner of the Lots.

6. Nothing in this Agreement shall prejudice or affect the
rights, powers and remedies of the First and Second Grantees in
relation 29 the Grantor, including its 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 and Second Grantees as if this
Agreement had not been made. by-the parties.

7.) The Grantor will do or cause to he done at its expense
all acts necessary for the First and Second Grantees to gain
priority for this Agreement over all liens, charges 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 provision 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 be executed all documents and give such
further and other assurances which may be reasonably necessary to
give proper effect to the intent of this Agreement.

10. (a) The Grantor or any of its successors and assigns, as
the case may be, shall give written notice of this
Agreement to any person to whom it proposes to dispose
of one of the Lots, which notice shall be received by
that person prior to such disposition.