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<br /> <br /> <br />STATE OF TEXAS ) <br /> KNOW ALL MEN BY THESE PRESENTS <br />COUNTY OF LAMAR ) <br /> <br /> DEVELOPMENT COVENANTS <br /> OF <br /> PARIS INDUSTRIAL PARK <br /> <br />THIS DECLARATION is made on the date hereinafter set forth by the Paris <br />Economic Development Corporation, hereinafter referred to as " Declarant," and <br />recorded in the Real Property Records of Lamar County, Texas. <br /> <br /> WITNESSETH <br /> <br />WHEREAS, Declarant is the sole owner of certain property in The City of <br />Paris, County of Lamar, State of Texas, which is more particularly described in <br />Exhibit "A" which is attached hereto and incorporated herein by reference for a full <br />description of said property. <br /> <br />WHEREAS, Declarant desires to create thereon a predominantly industrial <br />community with greenbelts and open spaces, and other common facilities for the <br />benefit of the said community; and <br /> <br />WHEREAS, Declarant desires to provide for the preservation of the values <br />and amenities in said community and for the maintenance of said greenbelts, open <br />spaces and other common facilities; and to that end, desires to subject the property <br />herein described to the covenants, restrictions, easements, charges and liens, <br />hereinafter set forth, each and all of which is and are for the benefit of said property <br />and each owner thereof; and <br /> <br />WHEREAS, Declarant has deemed it advisable for the efficient preservation <br />of the values of the amenities in said community, to create the Paris Industrial Park <br />Property Owners Association to which should be delegated and assigned the <br />powers of maintaining, administering and enforcing these covenants and <br />restrictions, and establishing, collecting and disbursing certain assessments and <br />charges hereinafter created; <br /> <br />NOW THEREFORE, Declarant hereby declares that all of the property herein <br />described shall be held, sold and conveyed subject to the following easements, <br />restrictions, covenants, and conditions, which are for the purpose of protecting the <br />value and desirability of, and which shall run with, the real property and be binding <br />on all parties having any right, title or interest in the described property or any part <br />thereof, their heirs, successors and assigns, and shall inure to the benefit of each <br />owner thereof. <br /> <br />Paris Industrial Park Development Covenants <br />EXHIBIT A <br /> <br />Page 1 of 20 <br />