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16 <br />L. Parties. Every provision of this Conservation Easement that applies to the <br />Grantors or to the Grantee shall likewise apply to their respective heirs, executors, <br />administrators, assigns, and grantees, and all other successors in interest herein. <br />M. Merger. The parties agree that the terms of this Conservation Easement shall <br />survive any merger of the fee an 3 easement interest in the Property and Easement Area. <br />N. SubsecLuent Lie~is. No provisions of this Conservation Easement shall be <br />construed as impairing the ability of Grantors to use this Easement Area for collateral for <br />borrowing purposes, provided that any mortgage or lien arising therefrom shall be <br />subordinated to this Conservatic n Easement. <br />TO HAVE AND TO HI )LD unto GRANTEE, its successors and assigns, forever. The <br />covenants agreed to and the teens, conditions, restrictions and purposes imposed as aforesaid <br />shall be binding upon Grantor, Grantor's representatives, successors and assigns, and shall <br />continue as a servitude running i n perpetuity with the Easement Area. <br />[Remainder of page is intentionally left blank. Signature page follows.] <br />16 <br />