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12988520
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Last modified
7/31/2025 8:00:13 PM
Creation date
7/31/2025 11:57:21 AM
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Permits
Permit Address
14391 KEIL RD NE
Permit City
Aurora
Permit Number
555-15-006723-STR
Parcel Number
041W11A 00405
Permit Type
Structural
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• <br /> 8. ATTORNEYS' FEES. In the event a suit, action, mediation, arbitration, or <br /> other proceeding of any nature whatsoever, including, without limitation, any proceeding <br /> under the US Bankruptcy Code, is instituted, or the services of an attorney are retained, to <br /> interpret or enforce any provision of this Agreement or with respect to any dispute relating to <br /> this Easement Agreement, the prevailing party shall be entitled to recover from the losing <br /> party its reasonable attorneys',paralegals', accountants' and other experts' fees and all other <br /> fees, costs, and expenses actually Incurred and reasonably necessary in connection therewith. <br /> In the event of suit, action, mediation, arbitration, or other proceeding, the amount thereof <br /> shall be determined by the judge, mediator or arbitrator, shall include fees and expenses , <br /> incurred on any appeal or review, and shall be in addition to all other amounts provided by <br /> law. <br /> 9. BENEFIT AND BURDEN. The easements provided for in this Easement <br /> Agreement are appurtenant to the respective benefited properties and the benefit of these <br /> easements shall run with the ownership of the respective benefited properties, including any <br /> division or partition thereof, and the burden of these easements shall bind and run with the <br /> ownership of the Easement Areas,including any division or partition thereof. This Easement <br /> Agreement shall be binding upon and inure to the benefit of the parties to this agreement and <br /> their respective heirs,successors and assigns.In the event of any partition or division of either <br /> the Parcel 2 Property or the kV Leasing Property, the cost of improvements and the cost of <br /> maintenance of the Taxiway shall be equally allocated between each user of the Taxiway, <br /> irrespective of the ratio of the area of any property owner to the area of the Parcel 2 Property <br /> and/or kV Leasing Property. <br /> 10. DEFAULT AND REMEDIES <br /> 10,1 Default. The following shall be events of default: <br /> (a) Failure of either party to make any payment under this <br /> Agreement within ten(10)days after written notice from the other party that it is due; <br /> (b) Failure of either party to comply with any other term or <br /> condition or fulfill any other obligation of this Agreement within twenty (20) days after <br /> written notice from the other party specifying the nature of the failure with reasonable <br /> particularity, t I <br /> 10.2 Remedies. Upon default by either party, the other party shall be <br /> entitled to such remedies for breach of contract as may be available under applicable law or <br /> in equity including(without limitation)the remedies of injunction and specific performance. <br /> 10.3 Right to Cure. Without prejudice to any other remedy for default of a �.. . <br /> party, the other party may perform any obligation or make any payment required to cure a <br /> default by such party. The cost of performance, including attorneys' fees and all <br /> disbursements shall immediately be repaid by the defaulting party, upon demand, together <br /> with interest from the date of expenditure until fully paid at the prime rate as announced In <br /> The Wall Street Journal from time to time plus 5%per annum, but not in any event at a rate <br /> greater than the maximum rate of interest permitted by law. <br /> Page 4 of 12—Reciprocal Taxiway Easement Agreement(Parcel 2—Parcel 3) <br /> 4.0 IE:Cllene50at-7500\6184-1nocaTinok from4-21-OSMeeting with Vannoot9 Parcel 2-3 Taxiway Basement r5.doc <br />
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