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HomeMy WebLinkAbout07-31-1987 Form I Covenant FORM I COVENANT El3�il�9op 19 A142zZZNdL MA KNOW ALL MEN by these presents that the undersigned has submitted an application dated Nfjtt .a:j—J/` , to the _t(1DG1� AJ-00VZ5P. Planning Board for approval of a Definitive Plan of a subdivision of land entitled: plan by:_ !Gf-I G1 rf►'!/�t!4 / �N`�1 S c�fr i ,dated by:_j ► owned by: j 1-9 1 r- ! y 7- address : UllC land located: and ,showing :9 proposed lot . The undersigned has requested the Planning Board to approve such plan without requiring a performance- bond. IN CONSIDERATION of said Planning Board of /VM-71 A4j&t1,R' in the county of L .1` approving said plan without requiring a- per, forman-ce bond, the undersigned hereby covenants and agrees with the inhabitants of the town as, follows: J I. That the undersigned is the *owner in fee simple absolute of all the land included in the subdivision and that there are no mortgages of record or otherwise on any of the land, except for those described below, and that the present holders of said mortgages have assented to this contract prior to its execution by the undersigned. . *If , there is more than, one owner ► all must sign . "Applicant" may be an owner or his agent or representative, or his assigns , but the owner of record must sign the covenant . 2. That the undersigned will not sell or convey any lot in the subdivision or erect or place any permanent building on any lot until the construction of ways and installation of municipal services necessary to adequately serve such lot has been completed in accordance with the covenants , conditions , agreements , terms and provisions as specified in the following: a . The Application for Approval of Definitive Plan (Form C) . b. The Subdivision Control. Law and the Planning Board ' s Rules and Regulations governing this subdivision . C. The Certificate of Approval and the conditions of approval specified therein, issued by the Planning Board, dated. l�(p�1 , Page I of 4 / d . The Definitive Plan as approved and as qualified by h Certificate of Approval . e . Other document (s ) specifying construction to be completed, namely, However, a mortgagee who acquires title to the mortgaged premises by foreclosure or otherwise and any succeeding owner of the mortgaged premises or -part thereof may sell Or convey any lot, subject only to that portion of this covenant which provides that no lot ,be sold or conveyed shall .be 'built upon- until ways and services have been provided to serve such lot . 3. That this covenant shall be binding upon the executors , admistrators, devisees, ' heirs, successors and assigns . of, the undersigned and shall constitute a covenant running with the land included in the subdivision and shall operate as restrictions upon the land. 4. That particular lots within the subdivision shall be released from the foregoing conditions upon the recording of a 'certificate of performance executed by a majority of the Planning Board and enumerating the specific lots to be released. .5. That nothing herein shall be deemed . to prohibit a conveyance by a single deed subject to this covenant , of either the entire parcel of land shown. on the subdivision plan or of all lots not previously released by the Planning Board. 6. That the undersigned agrees to record this covenant with the IVAe 7,+� s&' County Registry of Deeds, forthwith, or to pay the necessary recording fees to the said Planning Board in the event the . Planning Board shall record this agreement forthwith. Reference to this covenant shall be entered upon the Definitive Subdivision Plan as approved . 7 . A deed or any part of the subdivision in violation of the covenant shall be voidable by the grantee prior to the release of the covenant; but not later than three ( 3 ) years from the date of such deed, as provided in Section 81-'U, Chapter 41 , M.G.L. 8. That. this covenant shall be executed before endorsement of approval of the definitive plan by the Planning Board and shall take effect upon the endorsement of approval . Said covenant shall expire two. years from the date of endorsement of the definitive plan. Page 2 of 4 �3. Upon 'final completion of the construction of ways and installation of municipal services as specified herein, on or, before , the Planning Board shall release , this covenant by an appropriate instrument, duly acknowledged . Failure to complete construction and installation within the time specified herein or such later date as may be specified by vote of the Planning Board. with a written concurrence of the applicant, shall result in; automatic rescission of the approval of the plan. Upon performance of this covenant with respect to any lot , the Planning Board may release such lot from this covenant by an appropriate instrument duly recorded . 10• Nothing herein shall prohibit the applicant from varying the method of securing the construction of ways and installation of municipal' services from time to time or from securing by one, or in part by one and in part by another of the methods described in M.G.L. , Chapter 41 , Section 81-- U, as long as such security is sufficient in the opinion of the Planning Board to secure performance of -the construction and installation. For title to the property, see . deed from dated _Jy',U6 f-z r 1947 recorded in Registry of Deeds, Book J6 -1 Page �2/7 or registered in Land Registry as Document No. NQ— , and noted on certificate of title No. IVA in Registration Book Nib Page NA— The- present holder of a mortgage upon the property is The mortgage is dated 4 and recorded. i /�/ n Registry of Deeds , Boole A , Page, or registered in �/� Land Registry as Document No. and noted on certificate of tittle No. MA- in Registration Book _, Page #A— The mortgagee agrees to hold the mortgage subject to the covenants set forth above and agrees that the covenants shall have the same status, force and effect as though executed and recorded before the taking of the mortgage and further " agrees that the mortgage shall be subordinate \to .the above covenant . spouse of the undersigned applicant hereby agrees that such interest as I , we may have in the premises shall be ' subject to the provisions of this. covenant and insofar as is necessary release's all rights of tenancy by the dower or homestead and other interests therein. Page 3 of 4 I 7N WITNESS WHEREOF we have hereunto set our hands and ,seals A-I.o this of tj pc,,tj 19 , i t r. s. .J Acceptance by a Majority of the P1 n.ing Board of Then personally appeared the above named Karen DiRaffael and Kenneth DiiRaffael and acknowledged the foregoing to be their free act and deed, before me. State of: : Massachusetts County of: . Suffolk' Signed this _ day of March, 1988. Notary Public My Commission Expires: July 20, 1990 Essex,SS: Commonwealth of Massachusetts March 24, 1988 _ —' ;.e.-' Then personally appeared the above name Paul A. Hedstrom, Chairmon.and ,acknowrledges the foregoing instrument to be his free act and deed before me. otary Public My Commission Expires: September 9, 1994 Recorded Nar.28,1.988 at 11 : 34AMI /Y64-40 ESSEX EM Y rJ ' f 34 REGISTRY QE DEEDS Norther District of Essex SS RECEIVE ��/� 19a at /m m ALSO Page / . ---------- ATTEST RMSTER OF DEEDS