2005 048 Ordinance - Laserfiche WebLink

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Improvements The Declaration and said covenants shall be specifically enforceable by the Village by mandatory injunction or any other remedy at law or in equity. To the same degree that property taxes, delinquent property taxes, interest and penalties would have priority over any other lien or encumbrance on the Property, such covenants running with the land in the Declaration shall have priority over any other lien or encumbrance on the Property, except for such title exceptions as are approved in writing Village, and Mayfran shall cause any and all holders of mortgages Property, if any, as of the time of recording of the Declaration and such covenants running with the 146 assume and pay all fees or charges for the recording Termination. Exemption Period referred to in S payable with respect to Upon satisfaction Payments, th eVillage Director of Law of the to subordinate liens to the in the Declaration. The Village will Agreement to make the Service of Mayfran, sign an instrument in recordable form for filing with the Recorder's Office of Cuyahoga County, At the recording of the Declaration, Mayfran agrees to provide a title insurance po satisfactory commitment therefor with the title insurance policy to be delivered promptly after recording) from a title company satisfactory to the Village, evidencing that: (1) Mayfran is the owner in fee simple of the Property; and (2) the covenants in the Declaration running with the land to make Service Payments provided for in this Agreement are prior and superior to any other liens, encumbrances or other title exceptions, except for those approved in existing on the expiration of the fu11 payment of all Service Payments Draft of T.I.F. Agreement between Mayfield Village and MF Real Estate Partners, LLC Page 6 of 18 As of 11/18/05 4:19 PM