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CCR2002150COMMON COUNCIL - CITY OF MUSKEG0 RESOLUTION #150-2002 APPROVAL OF NONDISTURBANCE AGREEMENT Pleasant View Condominiums BE IT RESOLVED That the Common Council of the City of Muskego does hereby approve the attached Nondisturbance Agreement for Pleasant View Condominiums. BE IT FURTHER RESOLVED That the Mayor and Clerk-Treasurer are hereby authorized to sign the necessary document in the name of the City. DATED THIS 23rd DAY OF July ,2002. SPONSORED BY: Ald. William Le Doux This is to certify that this is a true and accurate copy of Resolution #150-2002 which was adopted by the Common Council of the City of Muskego. 7/02 jmb NON-DISTURBANCE AGREEMENT WHEREAS, the City of Muskego and EM. Corporation, as Developer, and PEGARL. L.L.P., as land owner, have entered into and executed the Muskego Pleasant View Condominiums Open Space Management Plan Agreement date J L' L y J 2. aooa and hereinafter referred to as AGREEMENT; and WHEREAS, Citizens Bank of Mukwonago has a mortgagee interest in the land described in the AGREEMENT; and WHEREAS, the Muskego Pleasant View Condominium Association, Inc. has accepted and agreed to all terms and conditions of the AGREEMENT; NOW THEREFORE, in consideration of the mutual covenants and agreements, IT IS AGREED as follows: 1) Citizens Bank of Mukwonago does hereby acknowledge receipt of a copy of the AGREEMENT and subordinates and make inferior the lien of a certain mortgage dated the 8" day of February, 2002 and recorded in the office of the Waukesha County Register of Deedion March 14,2002 as document number 2777291. e 2) PEGARL. L.L.P. also subordinates and makes inferior their owner's interest in the land covered by the AGREEMENT and EM Corporation also subordinates and makes inferior their interest in the land covered by the AGREEMENT. 3) If Citizens Bank of Mukwonago or any subsequent mortgagee takes possession of any of the unit(?.) or common axeas, the AGREEMENT shall continue with the same force and effect as ifthe mortgagee had entered into the AGREEMENT with the City of Muskego. 4) In the event of foreclosure of any mortgage against all or part of Muskego Pleasant View Condominiums or sale in lieu of foreclosure. or other suit or proceeding pursuant to the mortgage, the City of Muskego shall not be made a party to the proceedmg(s) and the same shall not af€ect the rights granted the City of Muskego under the AGREEMENT. Any purchaser of any unit(?,) pursuant to any such proceedings or deed in lieu of foreclosure shall take title to the unit(s) subject to the AGREEMENT and shall be bound by all of the terms as ifthe purchaser were the original owner, provided however, that the purchaser shall not be liable for any default by the owner under the AGREEMENT pertaining to any period before the purchaser acquires the hit(s). This Non-Disturbance Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and assigns. This Non-Disturbance Agreement is made and entered into this day of May, 2002 by EM Corporation, Citizens Bank of Mukwonago, PEGARL L.L.P., Muskeo Pleasant View Condominium Association, Inc. and the City of Muskego, a Municipal Corporation located in the County of Waukesha and the State of Wisconsin. EMCo ration Dean P. Memen- Secretary STATE OF WISCONSIN ) WAUKESHA COUNTY ) PERSONALLY came before me this day of w, 2002, Earl D. Meinen and Dean p. Meinen to me known to be the persons who executed the foregoing instrument and acknowledged the same. TdY 77% ’i7 Notary Public - State of d5ionsin MY Commission Expires: rl-lg”OT mZi2 DeWE. WincheU Vice-president 7ykxxL Douglas R. Bruins Vice - President STATE OF WISCONSIN ) WAUKESHA COUNTY ) PERSONALLY came before me this 20th day ofMay, 2002, Dennis E. Winchell and Douglas R Bruins to me known to be the persons who executed the foregoing instrument and JUIle acknowledged the same \ /&L Notary Public- State'of Wisconsin My Commission Expires: Auril 16 I 2006 PEGARL L.L.P. by: Wayde G. Salentine- Partner I -eo nl39 Reno R. Berg- Partner STATE OF WISCONSIN e WAUKESHA COUNTY j PERSONALLY,came before me this jlrw day ofd, 2002, the above named Wayne G. Salentine and Reno R Berg, to me known to be the persons who executed the foregoing instrument and acknowledged the same. MUSKEGO PLEASANT VIEW CONDOMINIUM ASSOCIATION, INC. by: EmTD. Meinen - President STATE OF WISCONSIN ) WAUKESHA COUNTY ) PERSONALLY came before me this &day of Ju Meinen and Wayne G. Salentine, to me known to be the pe instrument and acknowledged the same. My Commission Expires: q-l%-oC CITY OF MUSKEGO by: Mark Slocomb, Mayor STATE OF WISCONSIN ) WAUKESHA COUNTY ) Jean K. Marenda, City Clerk-Treasurer PERSONALLY came before me this day of July, 2002, the above named Mark Slocomb, Mayor and Jean K. Marenda, City Clerk-Treasurer, of the above-named municipal corporation City of Muskego, to me known to be the persons who executed the foregoing instrument, and to me known to be such Mayor and City Clerk-Treasurer of said municipal corporation, and acknowledged that they executed the foregoing instrument as such officers as the deed of said municipal corporation by its authority and pursuant to the authorization by the Common Council iiom their meeting on the day of ,2002. Notary Public - State of Wisconsin My Commissions Expires: e This document was drafted by: Reno R. Berg