This Declaration of Restrictive Covenants - Troy Gardens Case Study

g. Captions. The captions appearing in this Declaration are for
convenience only, and are not a part of this Declaration and do not in any way limit or amplify
the terms or conditions of this Declaration.
h. Parties Bound. This Declaration sets forth the entire agreement as
of the date hereof between Seller and Purchaser with respect to the subject matter set forth
herein. It is binding upon and shall inure to the benefit of the parties hereto and their respective
heirs, personal representatives, legatees, devisees, successors and assigns. This Declaration shall
be “covenants running with the land,” running with and being binding upon all of the future
owners of Property. This Declaration may be altered or amended only by written notice
executed by Seller and Purchaser or their legal representatives or, in accordance with the
provisions of this Declaration, their successors in interest.
i. Governing Law. This Declaration shall be interpreted in
accordance with and governed by the laws of Wisconsin. The language in all parts of this
Declaration shall be, in all cases, construed according to its fair meaning and not strictly for or
against Seller or Purchaser.
j. Recording. The parties agree, as an alternative to the recordation
of this Declaration, to execute a so-called Memorandum of Declaration or Short Form
Declaration in form recordable and complying with applicable law and reasonably satisfactory to
Seller’s attorneys. Any such document shall expressly state that it is executed pursuant to the
provisions contained in this Declaration, and is not intended to vary the terms and conditions of
this Declaration.
IN WITNESS WHEREOF, the parties have executed this Declaration at
Madison, Wisconsin on the day and year first above written.
Signature
Printed Name
[seal]
[MACLT TROY GARDENS
RESIDENTIAL PARCEL, LLC
By Madison Area CLT Corporation,
Sole Member]
[MADISON AREA CLT
CORPORATION]
Signature
[seal]
By:
Gregory Rosenberg,
Executive Director
Printed Name