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\ 9.11 No Partnership. Nothing contained in this Agreement and no action by the Council or the Owners will be deemed or construed by the Council or the Owners or by any third person to create the relationship of principal and agent, or a partnership, or a joint venture, or any assoc~ation between or among any of the Councilor the Owners. 9.1.2 Governing Law. This Agreement shan be construed in accordance with the laws of the State of Minnesota. 9.13 Captions. The captions of the paragraphs of this Agreement are for convenience only and are not intended to affect the interpretation or construction of the provisions herein contained. 9.14 Legal Effect. Except to the extent of the personal rights and obligations of the ACRRA under this Agreement, each of the easements and rights created by this Agreement are appurtenant to each Parcel and may not be transferred, assigned, or encumbered except as an appurtenance to such properties. Except to the extent of the personal rights and obligations of the ACRRA under this Agreement, each covenant contained in this Agreement: (a) constitutes a covenant running with the land; (b) binds every Owner now having or hereafter acquiring an interest in any Parcel; and (c) will inure to the benefit of each Owner and each Owner's successors, assigns, and mortgagees. It is acknowledged that, because the Northtown Parcel is situated upon a portion of four separately owned legal parcels, the phrase "Owner of the Northtown Parcel" actually refers to different entities. Notwithstanding the foregoing, all easements and covenants in this Agreement that are granted or created for the ben..-.:fit of the IIOwner of the Northtown Parcel" shall be for the benefit of each of the Owners of the legal parcels which underlie the Northtown Parcel, and to each such Owner's successors, tenants, agents, contractors, employees, and invitees, and shall be appurtenant to each of said legal parcels, and any right or obligation of "Northtown" hereunder shall be appurtenant to the Mall Property. The parties agree that upon an Owner's conveyance of aU or any portion of the fee title to a Parcel, the grantee, by accepting such conveyance, will thereby become a new party to, and be bound by, this Agreement, shall succeed to the rights of the conveying Owner under this Agreement, and shall succeed to those obligations of the conveying Owner under this Agreement that arise after the date of such conveyance. On such conveyance and the giving of notice thereof. the conveying Owner will thereafter be released from any obligation under this Agreement arising thereafter with respect to the Parcel so conveyed. The ACRRA and each Owner agree, on the written request of the conveying Owner, to execute and deliver any appropriate documents or assurances to evidence such release. The ACRRA and the Owner of the Council Parcel aclrnowledge that this instrument does not constitute a conveyance to them of fee title to the Northtown Parcel and that they are not entitled to assign or convey rights to the Northtown Parcel that are in excess of the rights conferred hereby. The Owner of the Northtown Parcel acknowledges that this instrument does not constitute a conveyance to it .of fee title to the Council Parcel and that it is not entitled to assign or convey rights to the Council Parcel that are in excess of the rights conferred by this Agreement. -18- 61 'd [(;V6'ON ^30 ~~OJ 3NIVl9 AllJ ~d(;O:(;1 100(; '08'f,oN