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<br /> - I.IS Structural Components means the hurizantal and vertical structural portions of the Improvements, if
<br /> G including without limitation portions of the footings,piles,columns,load-bearing walls and other foundation supports, ,
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<br /> 2. LEASES AND GRANT DEEDS .
<br /> 2,1 Subordination of Lenses and Grant Deeds The terms and provisions of this REA are and shall be i
<br /> superior and prior to (i) any leases and (ii) any grunt deed or other such instrument or agreement creating or
<br /> transferring an interest in a Parcel in the Property; provided, however, that this REA shall not relieve any Patty from ,
<br /> any obligation or affect or modify any right under such instruments as to the parties to such instruments, . 1.
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<br /> 2.2 REA This REA shalt govern and he binding upon the Property and upon all Parties unless and until •
<br /> (except as to certain rights and obligations set forth herein which continue after termination) all Patties to this REA
<br /> execute and acknowledge a declaration terminating this REA in its entirety and cause such declaration to be duly .
<br /> recorded in the Official Records. . l' -
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<br /> 3.EASEMENTS s•
<br /> 3.t Definitions and Documentation. •
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<br /> (1) The Party granting an easement is called the "Grantor." The Party to whom the casement . . ,
<br /> - is granted is called the "Grantee." p :
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<br /> (2) • , The grant of an easement by a Grantor shall bind and burden its Parcels) which shalt, for CD
<br /> the purpose of this REA, be the sentient tenement (where only a portion of a Parcel is bound and burdened by the ,
<br /> easement, only that portion shall be the serviette tenement). The'grant of an easement to a Grantee shall benefit its AN., • •
<br /> Parcel(s) which shall. for the purpose of this RF.A, be the dominant tenement (where only a portion of the Parcel IV .
<br /> is so benefitted, only that portion shall be the dominont tenement). • . •
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<br /> (3) The word "in" with respect to an casement granted "in" a particular•Parccl means,as the
<br /> context may require. "in". "to". "on", "over", "through", "upon" and "across", or any one or more of the foregoing. .
<br /> (4) Unless provided otherwise. all casements granted hereunder arc non-exclusive. perpetual and
<br /> irrevocable by the Grantor. . ` '<' `
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<br /> 3.2 Easements for Access. . .
<br /> (1) Each Party hereby grants to each' of the other Parties nonexclusive easements for . • , • A , i
<br /> emergency ingress and egress. as reasonably necessary,over the Grantor's Parcel(s),for the purpose of entering onto. t
<br /> or exiting from Grantee's Parcel. � ' •
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<br /> 3.3 Easements for Utility Facilities. . , , .
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<br /> (1) Each Party hereby grants to each•of the other Parties easements ("Utility Easements") in
<br /> such ksortions of its Parccl(s) as may be necessary, from time to time, for the installation. use, maintenance, repair, • • :, • • .
<br /> replacement, relocation, restoration and removal of electrical, gas, water,.and sanitary and storm sewer lines and •'
<br /> facilities, exhuust, vent, heating and air-conditioning facilities plumbing systems, telephone and cable television . .
<br /> systems. drainage facilities, garbage chutes and all other utility systems and facilities ("Utility Facilities"). •
<br /> (2) Any installation,use.,naintenanct',repair,replacement,relocation,restoration and removal . - .
<br /> of any Utility Facilities serving only Grantee's Parcel shalt be performed at Grantee's site cost and expense•and only . •
<br /> • after two (2) weeks' advance notice to Grantor of Grantee's intent to do such work (except in an emergency when .
<br /> such advance notice to Grantor as practicable under the eircumstances•shall be given). Grantor shalt also have the . •
<br /> right, in an emergency. to repair or replace any of Grantee's Utility Facilities within Grantor's Parcel and charge the .
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