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`? ~ !~'~ !ter ~, <br />~ ._.• <br />Page fi <br />claims or actions arising from the operations of the Operator on the <br />Property. <br />(02) Binding Effect- The terms and provisions hereof shall be binding <br />upon, and inure to the benefit of the heirs, representatives ,successors, <br />and assigns of the parties hereto and shall be binding upon all future <br />owners of all or any part of the Operation and shall be deemed <br />covenants running with the land. This Agreement shall be placed of <br />record so as to give notice hereof to subsequent purchasers and <br />encumbrances of all or any part of the Property, and all recording fees; <br />if anST; shall be paid by the Operator.. <br />(03) Severable- In the event that any portion of this Agreement shall <br />be held invalid for anST reason, t'r~e same shall not affect i12 any respect <br />«~hatsoever the validity of the remainder of this Agreement. <br />(04) V~Taiver- Any waiver, u=hether empress or implied, by an~~ party of <br />a breach of any provision of this Agreement will not operate as or be <br />construed to be a waiver of any subsequent breach of this Agreement. <br />(05) I~TOtices- All notices and demands specified herein shall be <br />deemed appropriately and timely given when delivered personally or <br />deposited in the United States mail to the addresses hereinafter set <br />forth by certified mail (return receipt requested). The addresses of the <br />parties hereto are as follows until changed by ~Tritten notice given as <br />above: <br />cupST-Ba/bz/sr <br />