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<br />I <br /> <br />I <br /> <br />Bk Vol F'9 <br />04035987 DF'R 2598 173 <br /> <br />VOL. 4 0 5 PAGE 629 <br /> <br />3. Terms of Grant <br /> <br />3.01 <br /> <br />Consideration. The Grantee, as consideration for this agreement, has released in favor of <br />the Grantor two utility easements previously conveyed by the Grantor to the Grantee in <br />the vicinity of the Easement Area, together with other good and valuable consideration. <br />The Grantor has determined that this easement serves a public purpose in that it provides <br />service to the community and to the Grantor's physical infrastructure. <br /> <br />3.02. <br /> <br />Construction of Pipeline. If the Grantee or its successors or assigns does not complete the <br />initial installation of the Pipeline within four (4) years from January 1,2005, this <br />easement will terminate and revert to Grantor, its successors and assigns; and Grantee <br />will, at Grantor's request execute such documents as are reasonably requested by Grantor <br />to confirm such termination. <br /> <br />3.03. Permanent Easement's Duration. If the Grantee or its successors or assigns cease to use <br />the Pipeline, after initial installation, for a period of one (1) consecutive year, this <br />easement will terminate and revert to Grantor, its successors and assigns; and Grantee <br />will, at Grantor's request execute such documents as are reasonably requested by Grantor <br />to confirm such termination. The Grantee shall not be deemed to have ceased using the <br />Pipeline if the Grantee's cessation has been caused by temporary governmental or <br />regulatory requirements or other cause beyond the Grantee's control, and the Grantee <br />establishes to the Grantor's satisfaction that the Grantee intends, notwithstanding such <br />cessation, to comply with such requirements and resume the use of the Pipeline. <br /> <br />3.03. Other Restrictions. This easement is subject to all restrictions, covenants, easements, <br />tenancies and other encumbrances relating to the Easement Area; provided, however, the <br />Grantor does warrant that it is the fee owner of the property upon which the Easement <br />Area is granted and there are no liens encumbering the property. Except as set forth <br />above, the Grantor grants this easement without any warranty, expressed or implied. The <br />Grantor may sell, lease, encumber, or otherwise transfer its property without the <br />Grantee's consent and without notice to the Grantee or its successors or assigns, subject to <br />the terms of this easement. However, this easement will not be subordinate to any <br />financing encumbering the Grantor's remaining property. <br /> <br />3.05. Governmental Authority. This easement is subject to all zoning laws, regulations, and <br />ordinances of municipal and other governmental authorities, ifany, relating to the <br />Easement Area. Grantee is responsible for complying with all governmental laws and <br />regulations pertaining to the wastewater lines. <br /> <br />4. Successors and Assigns <br /> <br />I <br /> <br />4.01. This easement shall be binding upon the parties and their respective successors and <br />assigns, and shall run with the land. <br /> <br />2 <br />