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HomeMy WebLinkAboutFORM I COVENANT (2) >, I Page I of I 1A i ,E,& N Know all men by these presents that whereas the undersigned r has submitted application dated 1Vla' 16 _ � 'iw 7Y "to the North Andover Manning Board for a alrnoval. of s defiAtive plan of a certain subdivision entitled_; "'Cedar Lane " Sub-division r WT dine "l. ekfs .rented 'td Board' to axov ., such plan without requiring a performance bond, NOW TH E � � , THIS ,REEME iSS that in consideration t of the North Andover Planning Board approving said plan without requiring a performance bond , and In consideration of one dollar in taand paid , receipt whereof is hereby ackno led edg the undersigned covern Rn is one agrees with ,the Town o; North Andover as follows �h w, The undersigned ead wi l trot sell any dot in the subdivision on f erect ct orw place any pe rmanent building on any such lot until ;tile, const uo ion of stays and muni.ci al ' se;o iced necessary to serve adequately such lot has been oom l ted ! in the manner specified ied a in the aforesaid application, and in accordance with the %} covenants, conditions, agreementst terms and provIslons thereof. This agreement shall be binding upon the executors,; a WI- s ,,r..rt ors devisees, heirs, successors and assigns of than 4nderr signed It Is the i.ntAnti:;on of the undersigned+ and it is hereby under- stood and agreed that this contract shall, constitute a covenant running wltb the land Included Q the aforesaid ' sub- division � a� shall operate as restrict ions upon said land . It Is understood and agreed that lots within the subdivision ,. shall , respecrtive k y, be released from the foregoing conditions upon the recording of a certificate of performance executed by a majority of said iei,dnning joard and enumerating the- specific s ' Sect � . . ,iet to e s released I The Mer i.gn d represents and covenants that undersigned Is the owne& In feea simp e of all the land Included In the aforesaid s bdi vi.W ion nd that Biters are no mortgages of record or other wi.se can any „ srid l nd , e cept duo as a, e described below and subordinated to this contract and the present holders of sald mortgages have assented to this contract prior to its execution b the 'undersigned . *It"" there is more them one ogrero all must sign. .w a i r 1 I, m I (ease 2 of C1 IN WITNTSS W AREOT the undersigned, applicant as aforesild, does e x to hand and 20 , day` of July 1, lb Barco Corp. , By . r� Town ,". µ plcarll ' e s1nare tu l Applicant 's address v w . No. Reading, Mass. T t me Owner' s signature and- address if not the applicant Signature Description of Kwrtgages :,, 1 None at the present time, however, Andover Savings Bank will be issuing a construction mortgage for the proposed road 'I n,%unes and qtr of ed re Te7ence. Aasents of Mortgagees : COMMONWEALTH OP MASSACHUSETTS { Essex , s,;;a July 20 lq 1 Then personally appeared the above named Joseph J► Barbagallo and his l e ged e oTegaI g. .pp umen to be,,,, free � r NA hc�e orhamn o nary � 7 C 1w: TVs Qjo�o `r u „ My commi .- I n expires : Se t,®24, 1977 i 1 4 1 F