Common use of Binding Effect: Covenants Running with the Land Clause in Contracts

Binding Effect: Covenants Running with the Land. During the Term, this Agreement and the covenants, reservations, and restrictions contained herein shall be deemed covenants running with the land for the benefit of (enter name of entity) and its successors, and shall pass to and be binding upon the Property Owner’s heirs, assigns, and successors in title to the Property, or if the property shall not include title to land, but shall include a leasehold interest in land, this Agreement and the covenants, reservations et. al. shall bind the leasehold interest as well as the Property and shall pass to and be binding upon all heirs, assigns and successors to such interest; provided, however, that upon expiration of the Term in accordance with the terms hereof said covenants, reservations and restrictions shall expire. Each and every contract, deed or other instrument hereafter executed covering or conveying the Property or any portion thereof shall conclusively be held to have been executed, delivered, and accepted subject to such covenants, reservations, and restrictions, regardless of whether such covenants, reservations, and restrictions are set forth in such contract, deed or other instruments. If a portion or portions of the Property are conveyed, all of such covenants, reservations, and restrictions shall run to each portion of the Property. (enter name of entity), at the Property Owner’s cost and expense, shall cause this Agreement to be duly recorded or filed and re-recorded or re-filed in such places, and the Property Owner shall pay or cause to be paid all recording, filing, or other taxes, fees and charges, and shall comply with all such statutes and regulations as may be required by law, in the opinion of qualified counsel, in order to establish, preserve and protect the ability of (enter name of entity) to enforce this Agreement. In Witness whereof, the undersigned have hereunto affixed their signatures and seals as the date first above written. (enter legal name of borrower) (enter legal name of borrower) (full name and signature of borrower) (full name and signature of borrower) STATE OF MONTANA, (name of city): County of (name of county): Signed and sworn to before me on this (enter day) day of (enter month), 20(enter last two digits of year) a Notary Public for the state of Montana, personally appeared (Borrower's Name), known to me to be the person(s), that executed the within instrument, and acknowledged to me that (he/she/they) executed the same. [Type or Print Name] Notary Public for the State of Montana (Seal) Residing at

Binding Effect: Covenants Running with the Land. During the Term, this Agreement and the covenants, reservations, and restrictions contained herein shall be deemed covenants running with the land for the benefit of (enter name City of entity) Bozeman and its successors, and shall pass to and be binding upon the Property Owner’s heirs, assigns, and successors in title to the Property, or if the property shall not include title to land, but shall include a leasehold interest in land, this Agreement and the covenants, reservations et. et al. shall bind the leasehold interest as well as the Property and shall pass to and be binding upon all heirs, assigns and successors to such interest; provided, however, that upon expiration of the Term in accordance with the terms hereof said covenants, reservations and restrictions shall expire. Each and every contract, deed or other instrument hereafter executed covering or conveying the Property or any portion thereof shall conclusively be held to have been executed, delivered, and accepted subject to such covenants, reservations, and restrictions, regardless of whether such covenants, reservations, and restrictions are set forth in such contract, deed or other instruments. If a portion or portions of the Property are conveyed, all of such covenants, reservations, and restrictions shall run to each portion of the Property. (enter name City of entity)Bozeman, at the Property Owner’s cost and expense, shall cause this Agreement to be duly recorded or filed and re-recorded or re-filed in such places, and the Property Owner shall pay or cause to be paid all recording, filing, or other taxes, fees and charges, and shall comply with all such statutes and regulations as may be required by law, in the opinion of qualified counsel, in order to establish, preserve and protect the ability of (enter name City of entity) Bozeman to enforce this Agreement. In Witness whereof, the undersigned have hereunto affixed their signatures and seals as the date first above written. (enter legal name of borrower) (enter legal name of borrower) (full name and signature of borrower) (full name and signature of borrower) STATE OF MONTANA, (name of city): County of (name of county): Signed and sworn to before me on this (enter day) day of (enter month), 20(enter last two digits of year) a Notary Public for the state of Montana, personally appeared (Borrower's Name), known to me to be the person(s), that executed the within instrument, and acknowledged to me that (he/she/they) executed the same. [Type or Print Name] Notary Public for the State of Montana (Seal) Residing at.

Binding Effect: Covenants Running with the Land. During the Term, this Agreement and the covenants, reservations, reservations and restrictions contained herein shall be deemed covenants running with the land for the benefit of (enter name of entity) the Grantee and its successors, and shall pass to and be binding upon the Property Owner’s heirs, assigns, assigns and successors in title to the Property, or if the property shall not include title to land, but shall include a leasehold interest in land, this Agreement and the covenants, reservations et. al. et al shall bind the leasehold interest as well as the Property and shall pass to and be binding upon all heirs, assigns and successors to such interestinterests; provided, however, that upon expiration of the Term in accordance with the terms hereof said covenants, reservations and restrictions shall expire. Each and every contract, deed or other instrument hereafter executed covering or conveying the Property or any portion thereof shall conclusively be held to have been executed, delivered, delivered and accepted subject to such covenants, reservations, reservations and restrictions, regardless of whether such covenants, reservations, reservations and restrictions are set forth in such contract, deed or other instruments. If a portion or portions of the Property are conveyed, all of such covenants, reservations, reservations and restrictions shall run to each portion of the Property. (enter name of entity), The Grantee at the Property Owner’s Owners cost and expense, shall cause this Agreement to be duly recorded or filed and re-recorded or re-filed refiled in such places, and the Property Owner shall pay or cause to be paid all recording, filing, or other taxes, fees and charges, and shall comply with all such statutes and regulations as may be required by law, in the opinion of qualified counsel, in order to establish, preserve and protect the ability of (enter name of entity) the grantee to enforce this Agreement. In Witness whereof, the undersigned have hereunto affixed their signatures and seals as of the date first above written. (enter legal name Name of borrowerGrantee) (enter legal name of borrower) (full name and signature of borrower) (full name and signature of borrower) STATE OF MONTANA, (name of city): County of (name of county): Signed and sworn to By ATTEST: APPROVED AS TO FORM OWNER The foregoing instrument was acknowledged before me on this (enter day) day of (enter month), 20(enter last two digits of year) a Notary Public for the state of Montana, personally appeared (Borrower's Name), known to me to be the person(s), that executed the within instrument, and acknowledged to me that (he/she/they) executed the same. [Type or Print Name] Notary Public for in the State of Montana (Seal) Residing atthis day of , 20 , by . Witness my hand and official seal. My commission expires: