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Jun 27 01 OS:07p Sweeney 6512235289 p.4 <br />and the creation of the basin necessary for said pond. It is understood and agreed that a portion <br />of a drain tile system that currently exists on the Schmidt property will be removed as a result of <br />the digging of the excavation. <br />3. ACCESS. <br />Schmidt, Sprosty and Kerr shall provide access to Little Canada to their respective <br />properties, to allow for the creation of the hole as described in paragraph 2 herein. This right of <br />access shall include the right of ingress and egress with all machinery, equipment and materials <br />necessary for the aforesaid purposes for Little Canada or their employees, agents, contractors and <br />consultants. <br />4. COSTS. <br />Little Canada shall bear the cost of moving the dirt and excavating the pond as described <br />in paragraph 2 herein. Schmidt, Sprosty and Kerr shall bear any and all other costs, whether <br />foreseen or unforeseen, relative to the creation of the pond. Specifically, the costs to be born by <br />Schmidt, Sprosty and Kerr shall include, but are not limited to, the following: any costs <br />associated with future compliance with government or watershed regulations relative to the <br />pond; any costs associated with turf establishment and landscaping around the pond; any other <br />costs associated with maintenance of the pond; and any costs associated with any future <br />alterations to the pond or any drainage system. <br />5. INDEMNIFICATION. <br />Schmidt, Sprosty and Kerr, jointly and individually, covenant and agree to indemnify, <br />defend and hold Little Canada harmless from and against any and all claims, costs, damages, <br />expenses and/or liability of any kind (including reasonable attorneys' fees) arising from, or as a <br />result of Little Canada's presence on the property or involvement with this improvement. <br />6. RELEASE. <br />Schmidt, Sprosty and Kerr, jointly and individually, release Little Canada from any and <br />all causes of action, claims, suits, damages, judgments, levies and executions, whether known or <br />unknown, liquidated or unliquidated, fixed, contingent, direct or indirect, which they ever had, <br />have or claim to have against Little Canada relating to or arising out of past actions or inactions <br />of Little Canada relative to their property and/or Little Canada's excavation of the pond as <br />described in paragraph 2 herein. <br />7. ENTIRE AGREEMENT / REOUIREMENT OF A WRITING. <br />It is understood and agreed that the entire agreement of the parties is contained herein and <br />that this Agreement supersedes all oral agreement and all negotiations between the parties <br />relating to the subject platter hereof. Any alterations, variations, or modifications of the <br />provisions of the Agreement shall be valid only when they have been reduced to writing and duly <br />signed by the parties. <br />PAGE 14 <br />