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NORTH CAROLINA CONSERVATION AGREEMENT <br /> FOR <br /> ORANGE COUNTY VOLUNTARY AGRICULTURAL DISTRICT PROGRAM <br /> Orange County and the undersigned real property owner Elizabeth Walters, <br /> hereinafter "Owner", enter into this Conservation Agreement for an Enhanced Voluntary <br /> Agricultural District covering the property identified by multiple parcel identification <br /> numbers of the property: PIN 9836197855 and PIN 9836086227 shown on the <br /> attached maps labeled Exhibit A and Exhibit B. <br /> The parties understand and agree that this Agreement is being entered into to <br /> protect farmland, horticultural land and/or forestland in Orange County as contemplated <br /> by North Carolina General Statutes Article 61 Chapter 106, and the Orange County <br /> Code of Ordinances Chapter 48, the "Voluntary Farmland Protection Ordinance, <br /> adopted on April 1, 1992 and last amended on June 4, 2013 (hereinafter the <br /> "Ordinance"), and to permit such property to qualify for the benefits granted by these <br /> laws and ordinances. <br /> Owner acknowledges that Owner has the read the laws and the Ordinance. <br /> Owner further acknowledges and agrees to prohibit non-farm use of Owner's property <br /> subject to this Agreement except as permitted by the above mentioned laws and the <br /> Ordinance during the term of this agreement. <br /> This Agreement is irrevocable for a period of ten (10) years from the date of its <br /> execution. At the end of the term, the agreement will renew automatically for a term of <br /> three (3) years unless either the Owner or Orange County gives written notice to the <br /> contrary prior to the termination date of the Agreement. At the end of each three- year <br /> term, the Agreement shall renew automatically for an additional three-year term unless <br /> notice of termination is given. Orange County may revoke this Agreement if the Owner <br /> is noncompliant with this Agreement or the applicable laws and ordinances. <br /> [The rest of this page was left blank intentionally. Signature pages to follow.] <br /> Orange County VAD Agreement <br />