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HomeMy WebLinkAboutARB202000075 Reciprocal Easement Agreement 2020-07-08202000000659.001 VIRGINIA LAND RECORD COVER SHEET Commonwealtb of Virginia VA. CODE f f 17. I-W. .227. 1, .249 FORM A — COVER SHEET CONTENT Instrument Date: ..1114I2R&.......... ............................... Instrument Type:M........................................................... Number of Parcels: .......4....... Number of Pages: ...... If ..... [ ] City [k] County ...............ALBEMARLE............... CIRCUR COURT Tax Exempt? VIRGINIA/FEDERAL CODE SECTION [ ] Grantor: ...................................................................................... [ ] Grantee: Business/Name X Grantor: ,PANTOPS CORNERr LC ................... ......... X Grantor: .PANTOM, 9......................................... 1.......... X Grantee: PANTM CORNER,., 9.................. ......... X Grantee: PM19.......................................... RECORDED IN AL6EMARLE COUNTY, VA JON R. ZUG FILED Jan 21, 2020 AT I 11:23 am B09K 05267 STAIRT PAGE 0773 ENd PAGE 0791 INS # 20200000mla TOTAL NUM PAGES EMJ (Area Above Reerrwd For Deed Sump Only) Grantee Address Name: 2 TR CORNERr.4C.........................................................................................................._...................................................................... Address: ................................................................................................................................................. City. .RICHMOND...................... _......................... State:.....1f+Pl.... Zip Code: .......... _..... AM; ............ Consideration:. 199........................ Existing Debt: .$ .qq............................ Actual Value/Assumed:.......................... PRIOR INSTRUMENT UNDER 13814W(D): Original Principal: ARAQ........................... Fair Market Value Incruse:.A.q ............................. Original Book Na:..........................._........... Original Page No.: Original Imtmmmt No.: .......................... Prior Recording At: [ ] City [ ] County.......................................................... Percentage In This Jurisdiction:.10.01L Book Number: ........... . ............... Page Number:......................... Instrument Number:......................... Parcel Identification Number/Tax Map Number; .911910P.&P.-00'.i»AO............................................ _................................................... ShortProperty Description:............................_....................................................................................................._......................................................... Current Property Address: City:.CHARLOTTKWIM E............................ State; ...Y&.... Zip Code:................. Z2$11.... ........ Instrument Prepared By: 116GE WILLIAM$............................ Recording Paid By:.&QPETTIT PC,......................... Recording Returned To:.FLO ... PC .......................... _............ _...... Address: .530,EAlT MAIN STRE............................... _...................................................... ............... _................... _................................... .......... City: gHARLOTTESV[LLE........... _............... State:.....Zip Code: .................. U092............ 11 FORM CG1370{MAWMR. PAGE ONE OF THREE )1U119 0 CopyrigAt 2014 Olrks orthe E,rectnive Swrererr, supm= Cone or Virarnin. All ddhef nerved. Cover Sheet A 202000000659.002 VIRGINIA LAND RECORD COVER SKEET Commonwealth of Virginia VA. CODE if 17.1-223,-7.27.1, -249 FORM C — ADDITIONAL PARCELS Instrument Date: _....... ....11141Z02Q Instrument Type: ..............D.E.............._....._....................... Number of Parcels:......4...... Number of Pages:...... S$..... [ ] City M County ......_........ ALBEMARLE ..................... CIRCUIT COURT Parcels Identification/Tax Map Prior Recording At: [ ] City [ ] County ........................................... Percentage in This Jurisdiction:.,100% Book Number ............................. Page Number: Instrument Number: .............................. . ... (Area Above Romwwed For Dmrd Stamp Only) Parcel Identification Number {PINYTax Map Number: .fl�ga0.00-Q 40.5B0 ................................................................................................. ShortProperty Description: ........................................... . ...................................................................... . .......... ............................................. CurrentProperty Address: ......... _............ _........................................................................................................................................................................ City: CHARLOTTESVILLE .129 1.............................................................. ....AZip Code. Prior Recording At: [ ] City ( ] County ............................................... Percentage In This Jurisdiction: ..!00%................ Book Number: _.......................... Page Number:......................... Instrument Number: ..................... _................ Parcel Identification Number/Tax Map Number: ...9MA'!00-00-05801....... .......................................................................... ShortProperty Description:......_..............................................................................._................................._................................................ CurrentProperty Address:........................................................................................................_....._.............................................................................. City:. CHARLO7TES1/ILLS.......................... State: ... A..... Zip Code:................ 2291.1.............. e t � 6% . a I y i FORM C�r1570(MASTER. PAGE M OF THEE )10119 0 CoP dBM 2014 Omee of dw Executive Seereu[y, supreme Court or Virsinie. An d0w rourved. Cover Sheet C 202000000659.003 VIRGINIA LAND RECORD COVER SHEET Commonwealth of Virginia VA. CODE 11 17.1-223.-227.1, -249 FORM C —ADDITIONAL PARCELS Instrument Date: ............. 111!9020 ........................................ Instrument Type: ............... DA .............................................. Number of Parcels: ....... 1...... Number of Pages:......16 [ I City N County .................ALBEMARLE CIRCUIT COURT Parcels identificationtrax Map Prior Recording At: [ ] City [ l County ............................................... Percentage In This Jurisdiction. ARM. Book Number: .................... Page Number:......................... Instrument Number.. .................................. (Arm Above Reaervi d For Deed Stump 0uh) Parcel Identification Number (PIN)/Tax Map Number; .fl7800.00-00-003E0........................................................................._....._. ShortProperty Description:...................................................... _................................ _........................ _........................................................ CurrentProperty'Address: ........................................................................................_.................................................................._..................._.............. City: CHARLOTTEBVILLE...._...................... State:....YA..... Zip Code: 22911 .................................................. Prior Recording At:. [ I City [ ] County .................... _......................... Percentage In ThisJurisdiction:................................ Book Number; ....... .................... Page Number.......................... Instrument Number: .............. _....................... Parcel Identification Number/Tax Map Number: .................. . ................................................................................. ........................ ShortProperty Description: ............. . ...................................................................................................... . ........................... . ........................ CurrentProperty Address: ................................. . ............... . .......................................................................................... . .......................................... . ..... city: .............................................................................. State:................ Zip Code: 1 kill i 1 IF 1 i FORM CGIl7o(mASTER. PAoE-THREE__ OF THREE ) ialf► Cover Sheet C 0 Copyrl�t 2014 Office or the WeOve secretory, soAm ree coon or vftghd& Ali dou ranvo 202000000659.004 Prepared by: J. Page Williams, Esq. (VSB#15920)' Flora Pettit PC 530 East Main Street I P.O. Box 2057 Charlottesville, VA 22902 Tax Map !;.ercel(s): I RECIPROCAL EASEMENT AGREEMENT WITH COVENANTS. CONDITIONS AND RESTRICTIONS 07800-00-00-005AO 07800-00-00-0OSBO 07800-00-00-05801 07800-00-00-005EO THIS RECIPROCAL EASEMENT AGREEMENT WITH COVENANTS, CONDITIONS AND RESTRICTIONS (this "Agreement") is made and entered into this 140 day of January, 2020, by and between PANTOPS CORNER LC. a Virginia limited liability company {"Pantops Corner"), and PANTOPS, LC. a Virginia limited liability company ("Pantops, LC"), both of which shall be indexed as grantors and grantees. RECITALS A. Pantops Corner is the owner of that certain real property situated in the County of Albemarle (the "County"), Commonwealth of Virginia, currently shown as "Revised T.M. 78-5B" ("Parcel Al"), consisting of 0.72 acres, more or less, and more particularly described on the BLA Plat (defined below). B. Pantops, LC is the owner of that certain real property situated in the County, currently shown as "Revised T.M. 78-5E" ("Parcel ATI, consisting of 1.1 l acres, more or less, and more particularly described on the BLA Plat. C. Pantops Corner is the owner of that certain real property situated in the County, currently shown as "T.M. 78-5A" ("Parcel B"), consisting of 1.77 acres, more or less, and more particularly described on the BLA Plat. C. Pantops Corner is the owner of that certain real property situated in the County, currently shown as "Revised T.M. 78-58G1" ("Parcel C"), consisting of 2.88 acres, more or less, and more particularly described on the BLA Plat. D. The parties hereto desire to impose certain easements upon the Parcels (defined below), and to establish certain covenants, conditions and restrictions with respect to said Parcels, for the mutual and reciprocal benefit and complement of the Parcels and the present and future owners and occupants thereof, on the terms and conditions hereinafter set forth. NOW, THEREFORE, in consideration of the above premises and of the covenants herein contained, the Owners (defined below) hereby covenant and agree that the Parcels and al present and future owners and occupants of the Parcels or any portions thereof shall be and hereby are subject to the terms, covenants, easements, restrictions and conditions hereinafter set forth in this Agreement, so that said Parcels shall be maintained, kept, sold and used in full compliance with and subject to this Agreement and, in connection therewith, the parties hereto on behalf of themselves and their respective successors and assigns covenant and agree as follows: AGREEMENTS 202000000659.005 1. Definitions. For purposes hereof - (a) The term "BLA Plat" shall mean that certain plat prepared by Roger W. Ray & Assoc., Inc., dated May 22, 2019, last revised December 3, 2019, entitled "BOUNDARY LINE ADJUSTMENT PLAT PARCEL M, CONTAINING 0.01 ACRE, A PORTION OF T.M. 78-5F BEING ADDED TO AND COMBINED WITH T.M. 7B-5E PARCEL N, CONTAINING 0.02 ACRE, A PORTION OF T.M. 78-5E BEING ADDED TO AND COMBINED WITH T.M. 78-5B PARCEL O, CONTAINING 0.06 ACRE, A PORTION OF T.M. 78-5E BEING ADDED TO AND COMBINED WITH T.M. 78-58G1 PARCEL P, CONTAINING 0.14 ACRE, A PORTION OF T.M. 78-5A BEING ADDED TO AND COMBINED WITH T.M. 78-59G1 PARCEL Q, CONTAINING 0.08 ACRE, A PORTION OF T.M. 78-SA BEING ADDED TO AND COMBINED WITH T.M. 78-5E AND PARCEL R, CONTAINING 0.13 ACRE, A PORTION OF T.M. 78-5A BEING ADDED TO AND COMBINED WITH T.M. 78-5B ALSO NEW 7' WIDE PRIVATE PARKING EASEMENT ON REVISED T.M. 78-SE LOCATED ON U.S. ROUTE 250 (RICHMOND ROAD) dt STATE ROUTE 20 (STONY POINT ROAD) AT PANTOPS RIVANNA MAGISTERIAL DISTRICT ALBEMARLE COUNTY, VIRGINIA", and recorded together with a Certificate of Boundary Line Adjustment Plat on December 13, 2019, in the Clerk's Office of the Circuit Court of Albemarle County, Virginia, at Deed Boots 5255, page 138. A copy of the BLA Plat is attached hereto as Exhibit A and by reference made a part hereof. (b) The term "Owner" or "Owners" shal l mean the owner or owners of fee simple title to all or any portion of a Parcel and any and al I successors or assigns of such persons as the owner or owners of fee simple title to all or any portion of the real property covered hereby, whether by sale, assignment, inheritance, operation of law, trustee's sale, foreclosure, or otherwise, but not including the holder of any lien or encumbrance on such real property. (c) The term "Parcel" or "Parcels" shall mean each separately identified parcel of real property now constituting a part of the real property subjected to this Agreement including Parcel A I. Parcel A2, Parcel B and Parcel C as more particularly described on the BLA Plat and any future subdivisions thereof (but expressly excluding any expansion thereof, except that the interior boundaries of Parcel A 1, Parcel A2, Parcel B, and Parcel C may be adjusted upon the consent of their respective Owners involved in accordance with a County approved boundary line adjustment plat and instrument recorded in the land title records of the County). (d) The term "Permittees" shall mean the tenant(s) or occupants) of a Parcel, and the respective employees, agents, contractors, customers, invitees and licensbes of the Owner of such Parcel, and/or (ii) such tenant(s) or occupant(s). (a) The term "Proportionate Share" shall mean, as to Parcel Al, ten percent (10%), as to Parcel A2, ten percent (10%), as to Parcel B, forty percent (400A), and as to Parcel C, forty percent (40%) respectively, of the actual, out-of-pocket costs incurred by or on behalf of the Parcel A 1 Owner (or a Property Manager defined in Paragraph 3.3 on behalf of the Parcel A I Owner) in connection with the maintenance, repair and replacement of the Access Easement Area Improvements as required in Paragraph 3.3 below, which costs shall first be reduced by any Other Maintenance Contributions. (f) The term "Wawa" shall mean Wawa, Inc., a New Jersey corporation (and any of its affiliates, subsidiaries, successors or assigns). Upon the conveyance of all or any portion of Parcel B to Rebkee Partners Pantops, LLC, a Virginia limited liability company ("Rebkee'l, Wawa shall be deemed a third -party beneficiary to this Agreement for the duration of the Wawa Lease. 202000000659.006 (g) The term "Wawa Lease" shall mean the Deed of Land 1:-.F se Agreement of all or any portion of Parcel B from Rebkee as landlord (and holder of an equitable interest in and to all or a portion of Parcel B) to Wawa as tenant, and any amendments, extensions or replacements thereof. 2. Easements. 2.1 Grant of Reciprocal Easements. (a) Access Easement. The Owners hereby grant and establish a nonexclusive, perpetual and reciprocal easement (the "Access Easement") iri, on, across and over that certain portion of the Parcels shown as "NEW VARIABLE WIDTH PRIVATE STREET EASEMENT WITH PUBLIC ACCESS (PANTOPS CORNER WAY)" on the BLA Plat (the "Access Easement Area") for the use and benefit of the Parcels for pedestrian and vehicular access, ingress and egress to and from the Parcels and State Route 20 (Stony Point Road) and U.S. Route 250 (Richmond Road). The Access Easement Area shall provide a right of public passage in accordance with Albemarle County Proffer No. 2013-00002, associated with the Parcels. The Access Easement Area shall be kept open at all times, except for temporary closing for emergencies, maintenance, repair and replacement work or as may be necessary to avoid public dedication thereof. No beneficiary of the Access Easement shall use any portion of the Access Easement Area for parking or standing or otherwise interrupting the free flow of vehicles and pedestrians through the Access Easement Area. Once constructed, no Owner shall make any changes to the location or configuration of the Access Easement Area without the written consent of all Owners. No Owner shall close any of the curb -cuts on the Access Easement Area providing access to the Parcels except in accordance with approvals from all applicable governmental authorities. (b) LltiliV and Temporary Construction Easement. The Owners hereby grant and establish a nonexclusive, perpetual and reciprocal easement (the "Utility Easement") upon, under, over, above and across those certain portions of the' Parcels shown as "NEW VARIABLE WIDTH PRIVATE ACCESS EASEMENT" and "VARIABLE WIDTH ACSA UTILITY EASEMENT" and "30' PUBLIC DRAINAGE EASEMENT" and "20' SHARED PRIVATE DRAINAGE EASEMENT" and "12' PUBLIC SWM ACCESS EASEMENT' and "PUBLIC SWM EASEMENT" and "VARIABLE WIDTH SHARED PRIVATE DRAINAGE EASEMENT" on the BLA Plat (collectively, the "Utility Easement Area") necessary for the installation, maintenance, repair and replacement of water mains, storm drains, sewers, water sprinkler system lines, sanitary sewer lines, telephone or electrical conduits or systems, cable, gas mains and other utility facilities necessary for the orderly development and operation of each building from time to time located within the Parcels; provided that the rights granted pursuant to such Utility Easement shall at all times be exercised in such a manner as not to interfere materially with the normal operation of a Parcel and the businesses conducted therein, and, except in an emergency, the right of any Owner to enter upon the Parcel of another Owner for the exercise of any right pursuant to such easements shall be conditioned upon providing reasonable prior advance written notice to the other Owner (and, as to any entry upon Parcel B during the continuance of the Wawa Lease, Wawa) as to the time and manner of entry. All such systems, structures, mains, sewers, conduits, lines and other public utilities shall be installed and maintained below the ground level or surface of each applicable Parcel (except for such parts thereof that cannot and are not intended to be placed below the surface, such as transformers and control panels, which shall be placed in such location as approved by the Owner of the affected Parcel and Wawa (as to Parcel B)); provided, however, this sentence shall not apply to overhead electrical lines, wires, poles and other related electrical components existing on Parcel A 1 as of the date of this Agreement. Each Owner shall have a non-exclusive temporary construction easement and right- of-way for the benefit of such Owner's Parcel to the extent needed to enjoy the Utility Easement and in accordance with good construction practices, but only during a period of construction, on, over, across and through a location or locations reasonably approved by the burdened Parcel Owner for the purposes of facilitating construction and providing a temporary means of access for construction vehicles to and from the burdened Parcel. Such construction activities shall be performed in such a manner as to cause as little 202000000659.007 disturbance in the use of the burdened Parcel as is practicable under the ciremstances. Following any entry or construction activities by an Owner, such Owner shall restore the affected ply riion of the burdened Parcel to a condition equal to or better than the condition which existed prior to commencement of such work. (c) Siam event. Subject to County sign ordinances and the rights of other owners of the Parcels, the Owners hereby grant and establish a nonexclusive and perpetual easement (the "Signage Easement'l to access, install, maintain, repair and replace commercial signage and improvements related thereto benefitting the Owner or Permittees of Parcel Al, Parcel A2 and Parcel B (including Wawa for the duration of the Wawa Lease) in those certain portions of the Parcels. The design, manufacture, installation and maintenance of such signage and the improvements related thereto shall be at the Owners of Parcel A 1's and Parcel A2's sole cost and expense. The sign shall provide Owner of Parcel B (or Wawa, for the duration of the Wawa Lease) with an area on the sign for its use equal to the one-third area for each of Parcel A 1 and Parcel A2 (or any other tenant of Parcel A 1 and Parcel A2). Each of the Owners of Parcel A 1, Parcel A2 and Parcel B (or Wawa, for the duration of the Wawa Lease) shall cause any signage or related improvements for the business on such Owners' parcel to be maintained in good condition and repair and shall repair any damage caused to the Signage Easement Area in connection with its exercise of the Signage Easement. 2.2 Indemnification. Each Owner having rights with respect to an easement granted hereunder shall indemnify and hold the Owner whose Parcel is subject to the easement harmless from and against all claims, liabilities and expenses (including reasonable attorneys' fees) relating to accidents, injuries, loss, or damage of or to any person or property arising from the negligent, intentional or willful acts or omissions of such Owner, its contractors, employees, agents, or others acting on behalf of such Owner. 2.3 Rea�ble Ugg of Easements. (a) The easements herein above granted shall be used and enjoyed by each Owner and its Permittees in such a manner so as not to unreasonably interfere with, obstruct or delay the conduct and operations of the business of any other Owner or its Permittees at any time conducted on its Parcel, including, without limitation, public access to and from said business, and the receipt or delivery of merchandise in connection therewith. (b) Once commenced, any construction undertaken in reliance upon an easement granted herein shall be diligently prosecuted to completion, so as to minimize any interference with the business of any other Owner and its Permittees. Except in cases of emergency, the right of any Owner to enter upon a Parcel of another Owner for the exercise of any right pursuant tQ the easements set forth, or to prosecute work on such Owner's own Parcel if the some interferes with utility or drainage easements or easements of ingress, egress or access to or in favor of another Owner's Parcel, shall be undertaken only in such a manner so as to minimize any interference with the business of the other Owner and its Permittees. In such case, no affirmative monetary obligation shall be imposed upon the other Owner (and/or, during the continuance of the Wawa Lease, Wawa), and the Owner undertaking such work shall with due diligence repair at its sole cost and expense any and all damage caused by such work and restore the affected portion of the Parcel upon which such work is performed to a condition which is equal to or better than the condition which existed prior to the cbmmencement of such work. In addition, the Owner undertaking such work shall pay all costs and expenses associated therewith and shall indemnify and hold harmless the other Owner(s) and its Permittees from all damages, losses, liens or claims attributable to the performance of such work. Notwithstanding the foregoing or anything contained in this Agreement to the contrary, the Owner of any Parcel and its Permittees shall in no event undertake any work described in this Paragraph (except normal minor repairs in the ordinary course which do not interfere with the business of the Owner of another Parcel and its Permittees) which is not of an emergency nature during the months of November or December unless the Owner of such impacted Parcel (and, if such Parcel is Parcel B, Wawa, during the continuance of the Wawa Lease) shall consent thereto. 4 202000000659.008 I- Maiggenance. 3.1 General. Until such time as improvements are constructed on a Parcel, the Owner thereof shall maintain the same in a clean and neat condition and shall take such measures as are necessary to control gross, weeds, blowing dust, dirt, litter or debris. 3.2 BuildingL&nd ARpurtenances Thereto. Each Owner covenants to keep and maintain, at its sole cost and expense, the 'building(s) located from time to time on its respective Parcel in good order, condition sind repair. Nothing contained in Paragraph 3.2 shall be deemed to allow an Owner to avoid a more stringent obligation for repair, restoration and rebuilding contained in a lease or other written agreement between an Owner and such Owner's Permittee. 3.3 Maintenance. Repair and Replacement of Access Easement Area. (a) Following the initial construction of all improvements installed in the Access Easement Area (including without limitation landscaped areas, driveways, roadways, walkways, light standards, curbing, paving, entrances, exits and other similar exterior site improvements) (the "Access Easement Area lmprovements'7, the Access Easement Area improvements shall be maintained in good order, condition and repair and replaced, as applicable, by the Parcel A l Owner, its successors and assigns (or the Property Manager under the direction of the Parcel A 1 Owner), with funds received from the Owners as set forth in this Paragraph 3.3. Subject to the terms and conditions of this Paragraph 3.3, the Parcel Al Owner shall have the right to establish an annual maintenance budget (the 'Budget") for the Access Easement Area Improvements for any year following the initial construction of all improvements installed in the Access Easement Area and collect the Proportionate Share in advance (as detailed below) from the other Owners (or Wawa, during the continuance of the Wawa Lease) for such Owner's Proportionate Share of any such maintenance and replacement of the Access Easement Area Improvements and, if applicable, the services of a property management company (the "Property Manger' to oversee and contract for such work (the "Maintenance Payment"} (and expressly excluding any maintenance or replacement resulting from an Owner's utilization of the Utility Easement within the Access Easement Area or fees to the Property Manager in excess of market rates for similar services). To establish the Budget, the Parcel A I Owner (or the Property Manager in consultation with and at the direction of the Parcel Al Owner) shall determine a reasonable estimate for the Maintenance Payment for the upcoming year (each such estimate, an "Estimated Maintenance Payment") and give all Owners written notice of such Estimated Maintenance Payment together with the Budget (the "Annual Maintenance Notice"). The Owners of Parcel A2, Parcel B and Parcel C agree to pay such Owner's Proportionate Share of the Estimated Maintenance Payment within sixty (60) days after receipt of the Annual Maintenance Notice. The Parcel Al Owner shalt have the right, in its reasonable discretion, to adjust the Estimated Maintenance Payment once per calendar year by written notice to the other Owners. Within sixty (60) days aver the end of each calendar year, the Parcel A 1 Owner (or the Property Manager under the direction of the Parcel A I Owner) shall (1) reconcile the Budget, the Estimated Maintenance Payment, the Maintenance Payment and the Other Maintenance Contributions for such calendar year (each, an "Annual Reconciliation"); and (2) submit to the other Owners a statement setting forth such amounts (each, an "Annual Reconciliation Statement") accompanied by paid invoices and, if required, lien waivers reasonably documenting such amounts.. In the event that the Annual Reconciliation reveals a balance due from the other Owners for the Maintenance Payment, the other Owners shall reimburse the Parcel Al Owner, or the Property Manager, as the case may be, within thirty (30) days of such other Owner's receipt of the Annual Reconciliation Statement. if the Annual Reconciliation reveals an overpayment by the other Owners, the Parcel Al Owner, or the Property Manager, as the case may be, shall have the right, in its sole discretion, to issue appropriate refunds to the other Owners or apply such overpayment as a credit to the Estimated Maintenance Payment for the new calendar year. For as long as 202000000659.009 ' the Wawa Lease shall be in effect, Wawa shall have the right, but not the o ligation, at its sole cost and expense, to remove snow and ice from and make repairs to the Access Easem nt Area. (b) In conjunction with the activities arising out of Paragraph 3.3 (a) taken or permitted to be taken by the Parcel Al Owner on behalf of other Owners, the other Owners shall indemnify and hold the Parcel Al Owner harmless from and against all claims, IiabiIities and expenses (including reasonable attorneys' fees) relating to accidents, injuries, loss, or damage of or to any person or property arising from the acts or omissions of the Parcel A 1 Owner, its contractors, employees, agents, or others acting on behalf of such Owner, which acts or omissions were undertaken in good faith and which do not constitute gross negligence. (c) Notwithstanding anything to the contrary contained in this Agreement, the Owners acknowledge and agree that, pursuant to that certain Retaining Wall Construction/Maintenance Easement and Access Easement Agreement between Pantops Corner, B & B Partnership ("B&B' ), and Malloy Charlottesville, LLC, dated November 3, 2014 and recorded in the Clerk's Office of the Circuit Court of the County of Albemarle, Virginia, in Deed Book 4553, page 473 (the "B & B Agreement"), upon final Albemarle County site plan approval for the Pantops Property (as defined in the B & B Agreement), Pantops Comer (defined as "Pantops" in the B & B Agreement) shall grant a non-exclusive, permanent access easement in favor of the B & B Property (as defined in the B & B Agreement) subject to certain conditions, one of which is the fair and equitable division between Pantops and B & B, its successors or assigns (as defined in the B & B Agreement) of the cost of future maintenance of the access easement area to be utilized by B & B, its successors or assigns. Any such division of maintenance costs shall result in the contribution by tho owner(s) of the B & B Property to Pantops of a portion of the maintenance costs for the Access Easement Area Improvements ("Other Maintenance Contributions"). As a result, in connection with any such easement grant arising out of the B & B Agreement or arising from the interconnectivity specified in Albemarle County Proffer No. 2013.00002, associated with the Parcels, Parcel A 1 Owner agrees to reduce the amount the Owners (or Wawa, during the continuance of the Wawa Lease) would otherwise be required to pay to the Parcel Al Owner as a Maintenance Payment by the amount of such Other Maintenance Contributions. 3.4 jJtilities. Each Owner shall at all times during the term hereof construct, operate and maintain or cause to be constructed, operated and maintained, in good order, condition and repair, at its sole expense, any utility or other installations serving such Owner's Parcel but located on another Owner's Parcel pursuant to an easement described herein. 4. Construction of Improvements. The Access Easement Area Improvements shall be constructed; operated and maintained so that the same are in compliange with all current applicable governmental requirements, including, without limitation, the current requirements of the ADA effective as of the date of this Agreement. 5. Restrictions. 5.1 . General. Each Parcel shall be used for lawful purposes in conformance with all restrictions imposed by all applicable governmental laws, ordinances, codes, and regulations, and no use or operation shall, be made, conducted or permitted on or with respect to all or any portion of a Parcel which is illegal. 5.2 Parcel-SMific Restrictions. Throughout the term of this Agreement, it is expressly agreed that neither all nor any portion of Parcel A 1, Parcel A2, or Parcel C shall be used, directly or indirectly, for any one or more of the following purposes: For a convenience food store, coffee store, sandwich store, doughnut store, drive thru quick service restaurant, fuel dispensing facility or any combination of such uses. The term "convenience food store" means any store generally recognized by the retail food industry as 6 202000000659.010 being a convenience food store, including but not limited to, the type of stor- . operated by Wawa, Sheetz, 7-Eleven, Turkey Hill, Hess, QuikCheck, Royal Farms, Circle K, Exxon-M4bil (On the Run), Race Trac or Hess Express. The term "coffee store" means a store primarily engaged in the sale of coffee and related coffee drinks, including without limitation, Starbucks, Seattle's Best, Einstein's, Caribou Cafd or Bucks County Coffee, but shall exclude any store selling coffee and related coffee drinks internal to and included within a hotel. The term "doughnut store" means a store primarily engaged in the sale of doughnuts or pastries, including without limitation, Dunkin' Donuts or Krispy Kreme, but shall exclude any store selling doughnuts or pastries internal to and included within a hotel. The term "sandwich store" means a store that is primarily engaged in the sale of hot or cold sandwiches for on -site or off -site consumption, including, without limitation, Blimpie's, Quizno's, or Firehouse Subs, but excluding Panora (but only on condition that such Panora does not contain a drive thru) or any store whose sale of hoagie-style sandwiches is less than twenty percent (20°%) of total sales. The term "drive thru quick service restaurant" means any establishment generally recognized by the retail food industry as being a quick service restaurant and typically containing a drive thru, including, but not limited to, McDonald's, Burger King, Sonic, KFC, Taco Bell, .Chick-fil-A, or Wendy's. The term "drug store" means any store generally recognized by the retail industry as being a drug store, including but not limited to, the type of store operated by Rite Aid or Walgreens but expressly excluding CVS. The term "fuel dispensing facility" means a fuel service station, including a self-service station. Throughout the term of this Agreement, it is expressly agreed that neither all nor any portion of Parcel At, Parcel A2, or Parcel B shall be used, directly or indirectly, for any one or, more of the following purposes: Fora hotel, motel, inn. guest house, any facility for overnight or temporary residence or any amenities generally associated with hotels, including a restaurant internal to and included within a hotel. Throughout the term of this Agreement, it is expressly agreed that neither all nor any portion of Parcel B or Parcel C shall be used, directly or indirectly, for any one or more of the following purposes: For a self -storage facility for non -conditioned and/or climate controlled long and/or short term storage of personal property and amenities generally associated with such a facility, including sale and lease of moving supplies and equipment. Each and every restriction set forth in this Paragraph 5.2 shall expire and become void twenty (20) years from the date of this Agreement. 6. Insurance. Throughout the term of this Agreement, each Owner shall procure and maintain general and/or comprehensive public liability and properly damage insurance against claims for personal injury (including contractual liability arising under the indemnity contained in Paragraph 2.2 above), death, or property damage occurring upon such Owner's Parcel, with single limit coverage of not less than' an aggregate of Two Million Dollars ($2,000,000.00) including umbrella coverage, if any, and naming each other Owner (provided the Owner obtaining such insurance has been supplied with .the name of such other Owner in the event of a change thereof) and Wawa (during the continuance of the Wawa Lease) as additional insureds. To the extent that the Owner of Parcel A 1 carries general and/or comprehensive public liability and property damage insurance against claims for personal injury (including contractual liability arising under the indemnity contained in Paragraph 2.2 above), death, or property damage occurring upon such Access Easement Area, the premium for such insurance shall be added as a maintenance cost to be shared by all Owners pursuant to Paragraph 3.3 above. 7. Taxes and Assessments. Each Owner shall promptly pay all taxes, assessments, or charges of any type levied or made by any governmental body or agency with respect to its Parcel. 8. No Rights in Public: No Implied Easements. Except for the right of public passage mentioned in Paragraph 2.1, nothing contained herein shall be construed as creating any rights in the general public or as dedicating for public use any portion of the Parcels. No easements, except those expressly set forth in Paragraph 2, shall be implied by this Agreement; in that regard, and without limiting the foregoing, no easements for parking are granted or implied. 202000000659.011 9. Remedies and Enforcement. 9.1 All Legal and Eauitable_Remedies Available. In the event of d breach or threatened breach by any Owner or its Permittees of any of the terms, covenants, restrictions or conditions hereof, the other Owner(s) (and Wawa during the continuance of the Wawa Lease), following fifteen (15) days' prior written notice specifying the breach and an opportunity to cure such alleged breach (unless, with respect to any such breach the nature of which cannot reasonably be cured within such 15-day period, the defaulting Owner commences such cure within such 15-day period and thereafter diligently prosecutes such cure to completion), shall be entitled to full and adequate relief by injunction and/or all such other available legal and equitable remedies from the consequences of such breach, including payment of any amounts due and/or specific performance. Wawa, during the continuance of the Wawa Lease, shall have the right, but not the obligation, to enforce this Agreement on behalf of the Owner of Parcel B, and/or to cure a breach or default hereunder by the Owner of Parcel B, which enforcement or cure shall be accepted by the other Owner(s) as if effected by the Owner of Parcel B. 9.2 Self -Heir. In addition to all other remedies available at law or in equity, upon the failure of a defaulting Owner to cure a breach of this Agreement within thirty (30) days following written notice thereof by an Owner or Wawa, during the continuance of the Wawa Lease (unless, with respect to any such breach the nature of which cannot reasonably be cured within such 30-day period, the defaulting Owner commences such cure within such 30-day period and thereafter diligently prosecutes such cure to completion), Wawa (during the continuance of the Wawa Lease) or any Owner shall have the right to perform such obligation contained in this Agreement on behalf of such defaulting Owner and be reimbursed by such defaulting Owner upon demand for the reasonable costs thereof together with interest at the prime rate charged from time to time by Bank of America (its successors or assigns), plus five percent (5%) (not to exceed the maximum rate of interest allowed by law). Notwithstanding the foregoing, in the event of (1) an emergency, (ii) blockage or material impairment of the easement rights, and/or (iii) the unauthorized parking of vehicles, the affected Owner or Wawa (during the continuance of the Wawa Lease) may immediately cure the same and be reimbursed by the other Owner upon demand for the reasonable cost thereof together with interest at the prime rate, plus five percent (5%), as above described. 9.3 Lien Rights. Any claim for reimbursement, including interest as aforesaid, and all costs and expenses including reasonable attorneys' fees awarded to any Owner (or to Wawa in connection with the exercise of its rights set forth in Paragraphs 9.1 and/or 9.2 above) in enforcing any payment in any suit or proceeding under this Agreement shall be assessed against the defaulting Owner in favor of the prevailing party and shall constitute a lien (the "Assessment Lien") against the Parcel of the defaulting Owner until paid, effective upon the recording of a, notice of lien with respect thereto in the Clerk's Office of the Circuit Court of Albemarle County, Virginia; provided, however, that any such Assessment Lien shall be subject and subordinate to (i) liens for taxes and other public charges which by applicable law are expressly made superior, (ii) all liens recorded in the Clerk's Office of the Circuit Court of Albemarle County, Virginia prior to the date of recordation of said notice of lien, and (iii) all leases entered into, whether or not recorded, prior to the date of recordation of said notice of lien. All liens recorded subsequent to the recordation of the notice of lien described herein shall be junior and subordinate to the Assessment Lien. Upon the timely curing by the defaulting Owner of any default for which a notice of lien was recorded, the party recording same shall record an appropriate release of such notice of lien and Assessment Lien. 9A Remedies CumUlativeThe remedies specified herein shall be cumulative and in addition to all other remedies permitted at law or in equity. 9.5 No Termination For Breach. Notwithstanding the foregoing to the contrary, no breach hereunder shall entitle any Owner to cancel, rescind, or otherwise terminate this Agreement. No breach hereunder shall defeat or render invalid the lien of any mortgage or deed of trust upon any Parcel made in 8 202000000659.012 good faith for value, but the easements, covenants, conditions and restrictions hereof shall be binding upon and effective against any Owner of such Parcel covered hereby whose ititle thereto is acquired by foreclosure, trustee's sale, or otherwise. 9.6 lrreparable Harm. In the event of a violation or threat thereof of any of the provisions of Paragraphs 2 and/or 5 of this Agreement, each Owner agrees that such violation or threat thereof shall cause the non -defaulting Owner and/or its Permittees to suffer irreparable harm and such non -defaulting Owner and its Permittees shall have no adequate remedy at law. As a result, in the event of a violation or threat thereof of any of the provisions of Paragraphs 2 and/or 5 of this Agreement, the non -defaulting Owner and Wawa, in addition to all remedies available at law or otherwise under this Agreement, shall be entitled to injunctive or other equitable relief to enjoin a violation or threat thereof of Paragraphs 2 and/or 5 of this Agreement. 10. Term. Except for the Parcel -Specific Restrictions contained in Paragraph 5.2 hereof which expire twenty (20) years after the date of this Agreement, the easements, covenants, conditions and restrictions contained in this Agreement shall be effective commencing on the date of this Agreement and shall remain in full force and effect thereafter in perpetuity, unless this Agreement is modified, amended, canceled or terminated in accordance with Paragraph 11.2 hereof, 11. Miscellaneous. 11.1 Attorneys' Fees. In the event an Owner or Wawa institutes any. legal action or proceeding for the enforcement of any right or obligation herein contained, the substantially prevailing party alter a final adjudication shall be entitled to recover its costs and reasonable attorneys' fees incurred in the preparation and prosecution of such action or proceeding. 11.2 Amendment. (a) The parties agree that the provisions of this Agreement may be modified or amended, in whole or in part, or terminated, only by the written consent of all record Owners of the Parcels, evidenced by a document that has been fully executed and acknowledged by all such record Owners and recorded in the official records of the Clerk's Office of the Circuit Court of Albemarle County, Virginia. (b) Notwithstanding Paragraph 1 1.2(a) above to the contrary, no termination of this Agreement, and no modification or amendment of this Agreement shall be made nor shall the same be effective unless the same has been expressly consented to in writing by Wawa (during the continuance of the Wawa Lease). 11.3 Consents. Wherever in this. Agreement the consent or approval of an Owner or Wawa is required, unless otherwise expressly provided herein, such consent or approval shall not be unreasonably withheld or delayed. Any request for consent or approval shall: (a) be in writing; (b) specify the Paragraph hereof which requires that such notice be given or that such consent or approval be obtained; and (c) be accompanied by such background data as is reasonably necessary to make an informed decision thereon, The consent or approval of an Owner or Wawa under this Agreement, to be effective, must be given, denied or conditioned expressly and in writing; provided, however, that if the recipient of a request for consent or approval fails to respond to such request within thirty (30) days of receipt thereof, such failure to respond shall be deemed consent and approval by the recipient if such Owner or Wawa fails to respond to a second notice including the following language "SECOND AND FINAL NOTICE FOR CONSENT REQUEST — APPROVAL DEEMED GIVEN 1F NO RESPONSE" within ten (10) days of receipt thereof. 202000000659.013 11.4 No Waiver. No waiver of any default of any obligation by any parry hereto shall be implied from any omission by the other party to take any action with respect to such default. 11.5 Ng AMna. Nothing in this Agreement shall be deemed or construed by either party or by any third person to create the relationship of principal and agent or of limited or general partners or of joint venturers or of any other association between the parties. 11.6 Covenants to Run with I.arRd. It is intended that each of the easements, covenants, conditions, restrictions, rights and obligations set forth herein shall run 'with the land and create equitable servitudes in favor of the real property benefited thereby, shall bind every person having any fee, leasehold or other interest therein and shall inure to the benefit of the respective parties and their successors, assigns, heirs, and,personal representatives. 11.7 Grantee's Acceptance. The grantee of any Parcel or any portion thereof, by acceptance of a deed conveying title thereto or the execution of a contract for the purchase thereof, whether from an original party or from a subsequent owner of such Parcel, shall be deemed to accept such deed or contract upon and subject to each and all of the easements, covenants, conditions, restrictions and obligations contained herein. By such acceptance, any such grantee shall for himself and his successors, assigns, heirs, and personal representatives, covenant, consent, and agree to and with the other party, to keep, observe, comply with, and perform the obligations and agreements set forth herein with respect to the property so acquired by such grantee. 11.8 Separabilily. Each provision of this Agreement and the application thereof to the Parcels are hereby declared to be independent of and severable from the remainder of this Agreement. If any provision contained herein shall be held to be invalid or to be unenforceable or not to run with the land; such holding shall not affect the validity or enforceability of the remainder of this Agreement. in the event the validity or enforceability of any provision of this Agreement is held to be dependent upon the existence of a specific legal description, the parties agree to promptly cause such legal description to be prepared. Ownership of both Parcels by the same person or entity shall not terminate this Agreement nor in any manner affect or impair the validity or enforceability of this Agreement. 11.9 Time of Essence. Time is of the essence of this Agreement. 11.10 Entire AgMmynt. This Agreement contains the complete understanding and agreement of the parties hereto with respect to all matters referred to herein, and all prior representations, negotiations, and understandings are superseded hereby. 11.11 Notices. Notices or other communication hereunder shall be in writing and shall be sent certified -or registered mail, return receipt requested, or by other national overnight courier company, or personal delivery. Notice shall -be deemed given upon receipt or refusal to accept delivery. Each party and Wawa may change from time to time their respective address for notice hereunder by like notice to the other party and Wawa. To the extent that any such notice affects Parcel B, notice given by any Owner hereunder to be effective shall also simultaneously be delivered to Wawa (during the continuance of the Wawa Lease). The notice addresses of the Owners and Wawa as of the date of this Agreement are as follows: Wawa: Wawa, Inc. Attention: Legal Department 260 W. Baltimore Pike Wawa, PA 19063 10 202000000659.014 With a required copy to: Wawa, Inc. Attention. Vice President- Chief Real Estate Offit;er 260 W. Baltimore Pike Wawa, PA 19063 Pantos Corner: Pantops Corner, LC Attention: Henry F. Liscio, Jr. Henry Liscio Company 12704 Crimson Court, Suite 101 Richmond, VA 23233 Pantoils LC: Pantops, LC Attention: Henry F. Liscio, Jr Henry Liscio Company 12704 Crimson Court, Suite 101 Richmond, VA 23233 11.12 Ggveming Law. THIS AGREEMENT, AND ALL THE RIGHTS OF THE PARTIES SHALL BE GOVERNED AS TO THE VALIDITY, INTERPRETATION, CONSTRUCTION, ENFORCEMENT AND IN ALL OTHER RESPECTS BY THE LAW OF THE STATE IN WHICH THE PARCELS ARE LOCATED, WITHOUT REGARD TO ITS RULES AND PRINCIPLES REGARDING CONFLICTS OF LAWS OR ANY RULE OR CANON OF CONSTRUCTION WHICH INTERPRETS AGREEMENTS AGAINST THE DRAFTSMAN. 11.13 Estoonel Certificates. Each Owner and Wawa, within thirty (30) days of its receipt of a written request from any other Owner or Wawa, shall from time to time provide the requesting Owner or Wawa, a certificate binding upon such Owner stating: (a) to the best of such Owner's knowledge, whether any party to this Agreement is in default or violation of this Agreement and if so identifying such default or violation; and (b) that this Agreement is in full force and effect and identifying any amendments to the Agreement as of the date of such certificate. H. 14 Banff. In the event of any bankruptcy affecting any Owner or occupant of any Parcel, the parties agree that this Agreement shall, to the maximum extent permitted by law, be considered an agreement that runs with the land and that is not rejectable, in whole or in part, by the bankrupt person or entity. [Signatures appear on following pages.] 202000000659.015 above. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written PANTOPS CORNER, LC, a Virginia limited liability company By: 20� /�� Name: Michael B. McGowan Its: Manager COMMONWEAL71i OF VIRGINIA CITY/couNTY OF I, a notary public in and for said minty in said state, hereby certify that Michael B. McObwan, as Manager of Pantops Corner, LC, a Virginia limited liability company, signed the foregoing instrument on behalf of said limited liability company. Given under my band and official seal this 14 day of 20 f!:''aO N-tflry Public My commission expire:: I - -at Registration number: 12 [Attach legible Notary Seal] •rb•146uu10,1�� .• GpiHYR�c.0�'•. •�• TARP.. ARY•:� Yg &1c ' # 303481 P IRFS f ONr Q 46 202000000659.016 PANTOPS, LC: PANTOPS, LC, a Virginia limited liability company --- N e: Micheei B. McGowan Its: Manager COMMONWEALTH OF VIRGINIAA crrY�co ,1O F LO3Ad ri n I, a nary public in and for mid county in said state, hereby car* that Michael B. M owan, Maanger of Pantops, LC, a Virginia limited liability company, signed the foregoing instrument on behalf of said limited liability may. Given under my band and oftial seal this day of 20M., w-160 Ir Nbiuy Public My commission expires: Registration number: 13 [Attach legible Notary Seal] 202000000659.017 . Exhibit A BLA Plat 14 202000000659.018 ,f ai R r.3 son -fMfCOMM OF AI�.M.Aa�a nMrE aF aA M FORMUe tARNSErr WAS M NVGMLmSSO wm MS TTue IL oAY I R -TWA&6& LET Nr.KWTO S i 41La WFABT MEN iCAMJP A Mr eooaetmr to�3lEe j;eri7caNri ar - STATE LP 7 a rNmovM0 tMBTAUtdT ria ACMMpyEOSlO o roea ME null _ _per �P �sefA�rir _ Sate. to �ialere 4 2LF. a. N�, FOse rsror 6 cc rr./R.7e-eE a W � WFART qRL354r.. dA Zis A Aa�d RT c"IsELow ElOtm : ' APFMM rOM FECo MIZOR : Aem ral Im M , ISOSS Mw Mormv SEAL �TE p` YY FARE T AlE Ts r+g r WLNA�?i ® l7�iR1 vtctRnn mm .19 cowEa u t sot 3. T.%7 SOS.ECC01 T TO A IETAVMM w4L WERNIaWMAtrTEPWO E 2DW Alai APES 6AMM Aa:EEMBR A. I..r.7MEr Je 1>SOLECT TO AN EASl7[NI TO VMWA . oE.trT1E a POMER CWAWM.E.ffmllw . S. TTJOPLE 39 IRDMT TO AM•EA30ERT TO n7P*MA ELECTRIC II�PPO�N WPArra.e.E78-M. a B. 6. Asll� IAWE � f7a-YEI. 1. T. e7�4 3e.1MAJECCT TO A 1ETA3rUi�pOLL�L Cp4R'TRNPIPlAtU MAMR EAMMIT AM ACCESS Halm Aalr®:IR e. jjjjM 781tLLTIEe y�WIE6 A�1I�EO ILITMo�s7M0pe�pTMe 7lA�Ms3uA TO MAtsnA>tf nalapATE1 ■. 00 TIMa'T3p�tr. CMl Ar YRLiTEEa, EA TB�AIOIOR�T IMAT WL �TWe RMOPERIT w SLUT TO PARCEL K CONTAININ9 0.13 ACRE.A PORTION Of T.A 79-M 9EIMD ADDED TO AND COWDM NITH T.K.78-89 NEW 7'W C Old A 6 BTATTE iq�UZTE 80 (STOINPOIMT ROAD) LOCATED ON U.e. AT P R NNA ALMNAFE 6000NNT=AL Y. VININNIIAT SCALE: i' ■ 90' DATE; MAY 22.2019 REYIBED: AURV 2.2019 FMVIRM AtJOWT 9, IN SO MVI9ED: OEMBER 3.2010 PAMraPaF�maie. u ME y rrc. t g�� •�Aj� . _ tEEai s OF 2 2411 202000000659.019 i 202000000659.020 INffMUMNT 020M000 +M RECOROED ALBEMARLE CO CIRCUR COURT CLERn OFFlCE Jan 21, 2M AT 11:23 am JON R. ZUG. CLERK by EMJ BOOK 0=57 PAGE UM. 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