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HomeMy WebLinkAbout2420 . ~ . I. In the event any of the Interested Parties sells their property upon the purchaser of the property assuming the obligations under this agreement, the original Interested Party shall be re- leased from any further obligations hereunder and no further liability shall accrue to that party. J. Each and every Interested Party covenants and agrees to indemnify and save harmless any and all Interested Parties against and from all ~xpenses, liabilities, obligations, damages, penalties, claims, costs and expenses suffered or incurred as a result of any breach by said Interssted Party, its agents, contractors, servants or employees, of any covenant or condition of this agreement. Each and every interested Party covenants and agrees to indemnify and save harmless any and all Interested Parties from suits, actions, damages, liability and expense in connection with loss of life, bodily or personal injury or property damage arising from or out of the negligence by the . Interested Party, its agents, contractors, servants or employees. K. Each and every Interested Party agrees that this agreement and the rights of the parties herein shall be subordinate ~ to any mortgage, deed of trust, ground or underlying lease, or any ~ method of financing or refinancing now or hereafter placed against ~ ` any of the land affected by this a~greement, and to all renewals, ~ g ; modifications, replacements, consolidations and extensions thereof. ~ ~ Upon request of any Interested Party, each and every Interested ; ~ ~ Party agrees to execute and deliver any and all docwnents ' subordinating its rights under this agreement as afores aid. All covenants, terms, provisions and conditions hereunder ~ ~ shall inure to the benefit of and be binding upon the parties hereto ~ and their respective heirs, administrators, successors and assigns. r ~ ~ ~ ~ ; , , ~ _ 3 _ ~ ~ eoox Z~ ~ ~ ~~417 ; ~3 ~ ~,4 ~ r~ . _ . .