Exhibit B-Spec. Warranty DeedEXHIBIT "B" TO CORRECTION SPECIAL WARRANTY DEED
RESERVATION OF RIGHT~
1. The conveyance of the Properly described on ~ to this Deed is made
~bject t.o ~e.rese,rvafion of fights (the "~") ~et forth in this ~. The
eservec~ Rights snail be binding upon and inure tn the benefit of Grantor and Gramor's
successors and assigns [Grantor may, ~am time to time and without the,, eonsent,,of Grantee,~
con. v. ey, ,m~., sfe,,r, or ~ss,,~.n, .w~th or w~thout cons,deration, (collectively, a Ir. aaffer ) all or an?
[pomon orme ~:eservea mgms to any person or entity; provided, however, such Transfer must be[
[in writing and the Wansferee must a~ee to assume and be bound by all the terms and conditions
~f this ~.j Upon any Transfer, to the extent set forth in the written Transfer docur~entl
Grantor shall be relieved of any and all duties, obligations, and liabilities with respect to the
portion of the Reserved Rights berg Transferred. Grantor may exercise the Reserved Rights
without any additional consideration to Grantee. Notwithstanding anything to the conU'ary set
forth in this Exhibit "13'i, however, the Reserved Rights may not be exercised in such a way as to
materially and adversely (i) interfere v.4th Grantee's use of the Property or any other property
nv. reed by Grantee, or (ii) interfere with the functioning or operation of Grantee (co//ecfively, an
2. Grantor reserves a perpetual and exclusive blanket easement over, Under, across,
and lhrough the Property for any and all purposes that, in Grantor's judgment, are necessary or
convenient for the ownership, development, Use, or enjoyment of the property ihat is part of or in
the vicinity of the property generally known as Vista Ridge (whether such property is owned by
Grantor or by thixd parties). Such purposes shall include, but not be limited to, the constxucfion,
reconstruction, maintenance, repair, replacement, operation, use, and enjoyment of the following.
whether public or private:
(a) utilities (including, but not limited to, water, sanitary sewer, storm drainage,
electric/power lines, gas lines, telephone and other communication lines),
(b) Streets and other fights-of-way,
(c) bridges (pedestrian and velficular),
(d) lakes, ponds, fountains, and other water features,
(0 recreational facilities,
(g) "common areas" for to e own ' '
(h) Illardens and special landscaped
(i) hike/bike/jogging trails and paths, and
O) sidewalks and other pedestrian ways.
3, The exercise of the Reserved Rights shall be at the ~olc cost and expense of
Grantor, and Grantee shall have no responsibility or liability for such costs and expenses.
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'~iiV:-f-'.;3. ?nor to the construction oir any ~mprovemen~ m connectmn w~th thc exermse of
~5.'~ti~J~V'the Reserved Riehl, Grantor shall provide Grantee with a complete set of plans and
!~__~'~' specifications for such ~mprovemenls (the Plans ). Grantee shall have 30 days w~thin which to
have the right to require modifications to the Plans that a~e reasonably necessary Io prevent any
Adverse Impact, and all costs and expenses associated with such modifications shall be paid by
Grantor. If Grantee fails to review the Plans within such 30-day period, the Plans shall be
deemed automatically approved without any further action by Grantee.
5. At any time, and fiom time to time, Grantee shall have the right to impose
reasonable r~les and regulations upon Grantor's exercise of the Reserved Rights (the "Rul¢~")
provided that such Rules are reasonably necessary to prevent any Adverse impact. Prior to the
adoption of such Rules, however, Grantee shall give 30 days' prior written notice of the proposed
Rules to Grantor and to all succesSors and assigns of Grantor (to the extent Grantee has been
given written notice of such successors and ~signs, including theLr addresses).