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<br /> to withhold the issuance of any building permits, certificates of <br /> occupancy, or other City approvals regarding construction <br /> activities in the subdivision pending full payment to the City of <br /> the lien amount, plus accrued interest thereon at the rate of nine <br /> percent (9%) per annum. <br /> IV. <br /> EFFECT ON SUCCESSORS IN INTEREST <br /> This Agreement shall be binding on each successor and assign 00 <br /> of MEI, the Association and the Members. MEI, the Association and <br /> the Members bind themselves, their successors and assigns to give ~ <br /> actual notice of the existence of this agreement to each ~ <br /> purchaser of real property within the subdivision until such <br /> time as the obligations undertaken by them in this Agreement are <br /> fulfilled and a release of the obligation by the City is duly ~ <br /> recorded in the Real Property Records of Hays County, Texas. ~ <br /> ~. <br /> V. <br /> SEVERABILITY <br /> If any section, sentence or clause of this agreement is found <br /> to be unconstitutional by a court of competent jurisdiction, the <br /> remainder of the agreement shall remain in full force and effect <br /> as if the unconstitutional portion had not been adopted. <br /> VI. <br /> GOVERNING LAW AND VENUE <br /> This Agreement and all rights and obligations created in it <br /> shall be construed according to the Laws of the State of Texas. <br /> Exclusive venue for any legal action in connection with this <br /> Agreement shall lie in Hays County, Texas. <br /> EXECUTED this 12 day of , I 9 .ß..L . <br /> <br /> MOUNTAIN <br /> ,I <br /> BY: <br /> Jc)t,... N../'..!JO/, t~s,A.,-I 1f1£:r: <br /> Printed Name, Title <br /> S OF SAN MARCOS <br /> , slt-°C lAT ION , INC. <br /> BY: ~. <br /> 'J II '" '^ /-1...'1/.1(' P;",ts, "", ¡;~t..I-,) I)r <br /> Printed name, Title S.,... ¡fit., "f! to Nt)."..~f)fN ..",....,. <br /> f4.<.$.0 c.(~'¡ '"'" ;:¡;:Þ'tt.. <br /> I <br /> -3- <br />