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5 It is the intent of the Parties that the burdens and benefits herein undertaken shall constitute <br /> equitable servitudes that run with the Property and shall be binding upon future owners of all <br /> or any portion of the Property Any owner's liability hereunder shall terminate at the time it <br /> ceases to be an owner of the encumbered Property, except for obligations which accrue prior <br /> to the date of transfer by such owner, which shall remain the personal obligation of such <br /> owner <br /> 6 Time is of the essence in the performance of this Agreement <br /> 7 Any notice to a Party required or called for in this Agreement shall be served in person, or <br /> by deposit in the U S Mail, first class postage prepaid, to the address set forth below <br /> Notice(s) shall be deemed effective upon receipt, or seventy-two (72) hours after deposit in <br /> the U S Mail, whichever is earlier A Party may change notice address only by providing <br /> written notice thereof to the other Party <br /> CITY OWNER <br /> City Engineer George Beliew <br /> City of Redlands Christ the King Lutheran Church <br /> P O Box 3005 1505 Ford St <br /> Redlands, CA 92373 Redlands CA 92373 <br /> 8 This Agreement shall be governed by and construed in accordance with the laws of the State <br /> of California <br /> 9 Any amendment to this Agreement shall be in writing and approved by the City Council of <br /> City and signed by the City and the Owner <br /> IN WITNESS WHEREOF, the Parties hereto have affixed their signatures as of the date first <br /> written above <br /> CITY OF REDLANDS OWNER <br /> Paul W Foster, Mayor GeorVel <br /> Owner <br /> Christ the King Lutheran Church <br /> Attest <br /> J anne Donaldson, City Clerk <br /> City of Redlands <br /> Agreement Version NOVEMBER 2013 <br />