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<br />WHEN RECORDED MAIL TO: <br /> <br /> DOC # 2008-0057776 <br /> 02/05/2008 08:00A Fee:NC <br /> Page 1 of 9 <br /> Recorded in Official Records <br /> County of Riverside <br /> Larry W. Ward <br /> Assessor, County Clerk & Recorder <br /> 1111111111111111111111111111111111111111111111111111111 <br />S R U PAGE SIZE DA MISC LONG <br /> RFD COpy <br />M A L 465 426 <br /> <br /> <br />1 <br />!Y <br />121 <br /> <br />City Clerk <br />City of Riverside <br />City Hall, <br />3900 Main Street <br />Riverside, CA 92522 <br /> <br />CLPF-Sycamore, L.P. <br />3141 Hood Street, Suite 700 <br />Dallas, TX 75219 <br />Attn: Stacey Magee <br /> <br /> <br />For Recorder's Office Use Only <br /> <br />DECLARATION OF COVENANTS AND CONDITIONS FOR PUBLIC AUCTIONS <br /> <br />THIS DECLARATION OF COVENANTS AND CONDITIONS FOR PUBLIC <br />AUCTIONS (this "Declaration") is made and entered into this 15th day of January 2008, by <br />CLPF-Sycamore, L.P., a Delaware limited partnership ("Owner") and VSE Corporation, a <br />Delaware corporation ("Declarant"), with reference to the following facts: <br /> <br />A. Owner is the title owner ofthat certain real property located at 6711 and <br />6721 Sycamore Canyon Boulevard, Riverside, California (collectively, the "Property") as <br />shown on the plat map marked as Exhibit "A" and legally described on Exhibit "B" both of <br />which are attached hereto and incorporated herein by reference. <br /> <br />B. Declarant is the Lessee of the Property. <br /> <br />C. Declarant has submitted an application to the City of Riverside ("City") <br />seeking approval from the City for Declarant to hold auctions of government agency seized <br />property from time to time at the Property ("City Approval"). <br /> <br />D. As a condition for such approval, the City has required that Owner and <br />Declarant execute and record this Declaration, As an accommodation to Declarant, Owner <br />has agreed to enter into this Declaration. Declarant acknowledges and agrees that Owner is <br />under no obligation to enter into this Declaration, <br /> <br />NOW, THEREFORE, Owner and Declarant hereby covenant and agree to the <br />following conditions: <br /> <br />1. The City Ap;Jroval is conditioned upon the satisfaction of the following <br />conditions (and in the event any of the following conditions are not satisfied, the City <br />Approval shall be automatically revoked): <br /> <br />4972006v5 <br />