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Orange County, NC 20180815000156930 Bk: 6509 Pg: 109 14 / 20 <br />condemnation award (minus any amount attributed to new improvements made after the date of <br />the conveyance, which amount shall be reserved to Grantor), equal to the ratio of the appraised <br />value of this Conservation Easement to the unrestricted fair market value of the Property, as <br />these values are determined on the date of this Conservation Easement, subject to any applicable <br />law which expressly requires for a different disposition of the proceeds. <br />If, however, after the condemnation or eminent domain proceedings, a court of <br />jurisdiction does not include in the just compensation awarded as a result of the taking, the <br />amount of the Conservation Easement value, then the Grantor shall not be responsible to share <br />any proceeds awarded. <br />All condemnation - related expenses, including reasonable attorney fees, incurred by the <br />Grantor and Grantee shall be paid out of any recovered proceeds prior to distribution of the net <br />proceeds as described herein. <br />24. Interpretation <br />This Conservation Easement shall be interpreted under the laws of the State of North <br />Carolina and the laws of the United States, resolving any ambiguities and questions of the <br />validity of specific provisions so as to give maximum effect to its conservation purposes. No <br />term or provision of this Conservation Easement is intended to, nor shall be interpreted to, <br />subject the Grantee or Property to any provision of law to which the Grantee or Property would <br />not otherwise be subject. <br />25. Perpetual Duration; Severability <br />The easement created by this Conservation Easement shall be a servitude running with <br />the land in perpetuity. Every provision of this Conservation Easement that applies to the Grantor <br />or Grantee shall also apply to their respective agents, heirs, executors, administrators, assigns, <br />and all other successors as their interests may appear. Invalidity of any of the covenants, terms or <br />conditions of this Conservation Easement, or any part thereof, by court order or judgment shall in <br />no way affect the validity of any of the other provisions hereof which shall remain in full force <br />and effect. <br />26. Merger <br />The Parties agree that the terms of this Conservation Easement shall survive any merger <br />of the fee and easement interests in the Property. <br />2?. Notices <br />Any notices required by this Conservation Easement shall be in writing and shall be <br />personally delivered or sent by first class mail to the Grantor and Grantee respectively at the <br />following addresses, unless a party has been notified in writing by the other of a change of <br />address: <br />Page 14 of 20 <br />