DCPZP-2022-00664 - Laserfiche WebLink

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endorsement covering contractual liability voluntarily assumed by the insured under this Agreement. Insurance required of Parcel A Owner and Parcel B Owner under this Agreement, shall be written by companies duly qualified to do business in the State of Wisconsin and shall be satisfactory in all respects to the other Owner and the holder of any mortgage against Parcel B or Parcel A. Each Owner shall deliver to the other Owner copies of the policies or certificates evidencing the existence and amounts of the insurance with loss payable clauses satisfactory to the other Owner. No such policy shall be cancelable or subject to reduction of coverage or modification except after 30 days'prior written notice to the respective Owner. At least 30 days before the expiration of Parcel A Owner or Parcel B Owner's policies,the respective Owner shall furnish the other Owner with renewals or"binders"of the policies,or the other Owner may order such insurance and charge the cost to the Owner not furnishing the renewal or binder. Parcel A Owner or Parcel B Owner shall not do or permit anything to be done that will invalidate the insurance policies furnished by the other Owner. Either Owner may from time to time require that the policy limits of any or all such insurance be increased to reflect the effects of inflation and changes in normal commercial insurance practice. 1 7. Equal Rights of Use. Parcel A Owner and Parcel B Owner shall have equal rights of ingress and egress over the Driveway and shall take no action to prevent the other party's enjoyment of such rights. 8. Covenants Run with Land. All of the terms and conditions in this Agreement,including the benefits and burdens, shall run with the land and shall be binding upon, inure to the benefit of, and be enforceable by Parcel A Owner and Parcel B Owner and their respective successors and assigns. The ) easement granted under Section 1 of this Agreement is an easement appurtenant to oand he eay not be 3 transferred separately from,or severed from,title to Parcel A. Furthermore,the granted under this Agreement shall not be extended to any properties other than Parcel A without the consent 5 of Parcel B Owner. The specific parties named as Parcel A Owner and Parcel 13 Owner in this Agreement, 5 and each of their respective successors and assigns as fee simple owners of Parcel A and Parcel B, respectively,or any portion of Parcel A or Parcel B,shall cease to have further liability under this Agreement with respect to facts or circumstances first arising after the party has transferred its fee simple interest of Parcel A or Parcel B,respectively,except,however,for obligations that accrued durin g the party's period of title. 7 9. Non-Use. Non-use or limited use of the easement rights granted in this Agreement shall not prevent Parcel A Owner from later use of the easement rights to the fullest extent authorized in this Agreement. ) 10. Governing Law. This Agreement shall be construed and enforced in accordance with the internal laws of the State of Wisconsin. 11. Entire Agreement. This Agreement sets forth the entire understanding of the parties and may not be changed except by a written document executed and acknowledged by all parties to this Agreement and duly recorded in the office of the Register of Deeds of Dane County,Wisconsin. 12. Notices. All notices to either party to this Agreement shall be delivered in person or sent by certified mail,postage prepaid,return receipt requested,to the other party at that party's last known address. If the other party's address is not known to the party desiring to send a notice, the party sending the notice may use the address to which the other party's property tax bills are sent. Either party may change its address for notice by providing written notice to the other party. Dl 7 Lj