1st Reading - Jersey City

Area") and to utilize such Access Areafor'the sole purose of pro vidingvehicularl trck accessto service the existing loading area on Grantee's Propertyin the City of Jersey City, ComitY of\ 'Hlldson, State ofNew jersey, designated as Blocks 1600, Lot.F, Block 1627, Lots 7 and 8, andBlock 1623, Lot 8,1, on the Tax Map of the City of Jersey City, which property is labeled asGrantee's Property on Exhibit A.3. Term. The easement lierein granted shall cOmmence as of the date ofthis'Deedof Easement and shall continuefor so longas the building located on Grantee's Property shallexist.4. Rights of Grantor. Grantor shall have the' right to fully use and improveGrantor's Property and the Easement Area to the extent such use and improvements 'are notinconsistent with the terms' ofthe easementherein createdßndprovided all plans are submitteatothe City at least 30 days before any work is co~enced and approved in writingby the City.5. General Covenants.(a) Graitee shall use due care in exercising its rights hereunder; .(b) Subject to the rights of Grartor set forth in pàragraph4, Grantee shall ,only use, ,and enter upon the Easement Area in amanner that wil not interfere with or disrupt Grantor'sand its tenanf Sf,use and operation of Grantor's Propert; ,(c) All, costs"öf construction,inspection, maintenance, use, and repair shall bebome'by'orantee;(d) Insurance- Grantee shall maintain the following insurance: (a) comrercialgeneral liability insurance in respect.. of Grantee, its employees, agents, contractors and/or,subcontractors' use of and entry upon the Premises and the conduct of its business, having notless than, a $2,000,000.00 combined single limit per occurrence for bodily injury or death to any2