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18 <br /> Fern Creek Conservation Easement OEM= <br /> derived from and arising out of this Conservation Easement, subject to any easements or <br /> encumbrances of record. <br /> 15. NOTICES. Any notices required by this Conservation Easement shall be in <br /> writing and shall be personally delivered or sent by first class mail, to Grantor and Grantee, <br /> respectively, at the following addresses, unless a party has been notified by the other of a change <br /> of address. <br /> To the Grantor: To the Grantee: <br /> Michael Hughes and Dale Morgan Orange County Dept. of Environment, <br /> 8112 Orange Grove Road Agriculture, Parks and Recreation <br /> Chapel Hill, NC 27516 P.O. Box 8181 <br /> Hillsborough, NC 27278 <br /> 16. ENVIRONMENTAL CONDITION. The Grantor warrants that she has no <br /> actual knowledge of a release or threatened release of hazardous substances or wastes on the <br /> Easement Area. <br /> 17. SEVERABILITY. If any provision of this Conservation Easement is found to be <br /> invalid, the remaining provisions shall not be altered thereby. <br /> 18. PARTIES. Every provision of this Conservation Easement that applies to the <br /> Grantor or Grantee shall also apply to their respective heirs, executors, administrators, assigns, <br /> and all other successors as their interest may appear. This Conservation Easement shall not be <br /> construed to benefit or to create any rights in any third parties, including but not limited to the <br /> general public. <br /> 19. RE-RECORDING. In order to ensure the perpetual enforceability of the <br /> Conservation Easement, the Grantee is authorized to re-record this instrument or any other <br /> appropriate notice or instrument. <br /> 20. MERGER. The parties agree that the terms of this Conservation Easement shall <br /> survive any merger of the fee and easement interest in the Easement Area. <br /> 21. SUBSEQUENT LIENS ON PROPERTY. No provisions of this Conservation <br /> Easement should be construed as impairing the ability of Grantor to use the Easement Area as <br /> collateral for subsequent borrowing,provided that any mortgage or lien arising from such a <br /> borrowing is made subordinate to this Conservation Easement. <br /> 22. EXHIBITS AND DOCUMENTATION. <br /> Page 13 of 16 <br />