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71 <br />"Section 5. Covenants Runniniz With the Land. Declarant hereby agrees that it is <br />the express intent that each of the affirmative and negative covenants and restrictions set <br />forth in Sections 2, 3, and 4 above shall be construed to be, deemed, and is hereby <br />declared to be a covenant running with the Property and that the benefit and burden of <br />such covenants and restrictions shall pass to, and be binding upon Declarant's successors <br />and assigns and shall be perpetual, and considered exempt from the thirty (30) year <br />durational limit set forth in Minnesota Statutes, Section 500.20, subd.2a, pursuant to <br />Minnesota Statutes, Section 500.20 subd.2a(5)., unless terminated or deleted as <br />hereinafter provided. Except as provided in Section 10 hereof, each and every contract, <br />lease, conveyance, agreement or other instrument hereafter executed covering or <br />conveying the Property or the Rental Project or any part or portion thereof shall <br />conclusively be held to have acquired such interest in the property or the Rental Project <br />or any portion thereof subject to the obligations of such covenants, regardless of whether <br />or not such covenants and restriction are set forth or referred to, or specifically agreed to <br />be performed by any such transferee, in any such contract, lease, conveyance, agreement <br />or other such instrument." <br />6. All other terms and conditions of the Declaration remain in frill force and effect <br />except as expressly modified hereby. <br />[Remainder of page left intentionally blank.] <br />D-2 <br />