02/04/1991 Park Board Packet - Laserfiche WebLink

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DECLARATION OF COVENANTS, CONDITIONS, AND RESTRICTIONS This Declaration, made this day of , 1991 by Hokanson Development, Inc. (hereinafter referred to as the "Declarants"). Witnesseth: Whereas, the Declarants are the purchasers of the following described property located in the City of Lino Lakes, Anoka County, State of Minnesota. Whereas, the Declarants intend to develop the aforementioned area into single family lots and townhome lots in accordance with the ordinances and zoning classifications applicable to this area. NOW THEREFORE, the Declarant hereby declare that the real property described as the Wenzel Farms Plat, shall be owned, held, transferred, sold, conveyed and occupied subject to the covenants, restrictions and liens hereinafter set forth, which covenants, restrictions and liens shall run with the real property, and be binding on all parties having any rights, title or interest in the Plat or any part thereof, and their heirs, successors, representatives and assigns. ARTICLE 1 The following words shall have the following meaning unless the context shall otherwise require: 1. LENDING INSTITUTION shall mean any person, partnership, corporation, or entity who is a mortgagee, holder of a mortgage, or a contract vendor on a lot in the Plat, or a person, partnership, corporation, or entity who is about to become a mortgagee, holder of a mortgage, or a contract vendor upon the sale of any lot in the Plat. 2. LOT shall mean and refer to any lot contained in any block shown upon the recorded Plat. 3. OWNER shall mean the record owner, whether one or more persons or entities, of the fee simple title to any lot contained in the Plat, and subject to this Declaration, but shall not mean or refer to any lending institution unless and until such lending institution has acquired title pursuant to foreclosure and the period in which the fee owner may redeem from such foreclosure has terminated, or until such lending institution has acquired title by deed in lieu of foreclosure. 4. SALE shall mean any transfer, conveyance, or contract to convey any lot, whether for consideration or not, and whether the transfer, conveyance or contract to convey is placed of record in the Office of the Registrar of Titles or not. SAMPLE DRAFT 1