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467548v2 AMB MU210-5 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />ASSIGNMENT OF LIMITED USE AGREEMENT <br /> <br />THIS ASSIGNMENT OF LIMITED USE AGREEMENT (“Assignment”) is entered into <br />this ____ day of _________, 2015, by and between Margaret Krig and Gary Krig (“Assignors”) <br />and Jeremy J. Haugen and Laurie J. Haugen, (“Assignees”). <br /> WHEREAS, Assignors entered into a limited-use agreement (“Agreement”) with the City <br />of Mounds View (“City”) on ______________, 2015 and recorded in the office of the <br />Recorder/Registrar of Titles on ________________, 2015 as Document #______________; and <br /> WHEREAS, the City granted Assignors a limited right to maintain an in-ground <br />swimming pool and related infrastructure within a utility and drainage easement held by the City; <br />and <br /> WHEREAS, that Agreement allowed Assignors to assign their rights under the <br />Agreement only with written approval from City; and <br /> WHEREAS, Assignors now desire to sell their property, including this Assignment to <br />Assignees; and <br /> WHEREAS, the City approves this Assignment on the basis that Assignee accepts and <br />acknowledges that it is bound by all terms and conditions contained in the original Agreement. <br /> NOW, THEREFORE, on the basis of the foregoing and upon the mutual undertakings <br />and promises herein contained, the parties hereto stipulate and agree as follows: <br /> 1. Assignment. Assignors agree to assign all rights contained in the prior <br />Agreement to the Assignee upon closing on the sale of the property legally described in Exhibit <br />A attached hereto.