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Agreement for Mutual Right-of-Way THIS
AGREEMENT dated
as of Effective
Date of Agreement (ie. July 1, 2007)
between Name
of First Party,
of Address
of First Party
(the "First
Party") Name of Second Party,
of Address of Second Party
and (the "Second Party"). WHEREAS: (A)
The First Party is the registered owner of the property municipally known
as Municipal
Address of First Party's Property
and legally described as Legal
Description of First Party's Property
(the "First Party's Property"); (B)
The Second Party is the registered owner of the property municipally
known as Municipal Address of Second Party's Property
and legally described as Legal Description of Second Party's Property
(the "Second Party's Property"); (C)
The parties wish to establish and maintain a mutual right-of-way over
their properties; NOW
THEREFORE in
consideration of the mutual covenants and conditions hereinafter set forth and
for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the parties agree as follows: 1. The First Party hereby grants to the Second Party a right-of-way for the use of the owners and occupants of the Second Party's Property, in common with the owners and occupants of the First Party's Property, over the measurement of right-of-way (ie. 6 feet) of the measurement of right-of-way (ie. 30 feet) of the First Party's Property. 2. The Second Party hereby grants to the First Party a right-of-way for the use of the owners and occupants of the First Party's Property, in common with the owners and occupants of the Second Party's Property, over the measurement of right-of-way (ie. 6 feet) of the measurement of right-of-way (ie. 30 feet) of the Second Party's Property. 3. The foregoing rights-of-way shall form a mutual right-of-way (the "Mutual Right-of-Way") for pedestrians and vehicles over the respective properties. 4. The parties agree to maintain the Mutual Right-of-Way in a good state of repair and to share equally all costs associated with the maintenance and repair thereof. 5. This Agreement shall enure to the benefit of and be binding upon the respective heirs, executors, administrators and assigns of each of the parties hereto. IN WITNESS WHEREOF this Agreement has been executed by the parties hereto as of the date first above written.
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