OTHER-2024-093-Warranty Deed of conservation Easement for William Bruce Richmond

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BK 6875 PG 2100 DOC# 30116168 Easement may be terminated or modified accordingly through condemnation proceedings. Grantors and Grantee agree that this Conservation Easement is a currently vested real property right with a value equal to the proportionate value of the Conservation Easement to the unencumbered value of the fee, as of the date of this Conservation Easement. If the Conservation Easement is terminated or modified and any or all of the Grantor' s Property is sold or taken for public use, then, as required by Section 1 . 1 70A- I 4(g)(6) of the IRS regulations, the Grantee shall be entitled to the proportionate value of the Conservation Easement . If, however, after the condemnation or eminent domain proceedings, a court of jurisdiction does not include in the just compensation awarded as a result of the taking, the amount of the Conservation Easement value, then the Grantor shall not be responsible to share any proceeds awarded . All condemnation related expenses , including reasonable attorney fees , incurred by the Grantor and the Grantee shall be paid out of any recovered proceeds prior to distribution of the net proceeds as described herein. 13 . INTERPRETATION. This Conservation Easement shall be interpreted under the laws of North Carolina, resolving any ambiguities and questions of the validity of specific provisions as to give maximum effect to its conservation purposes . 14. INDEMNIFICATION AND INSURANCE . Grantors agree to indemnify and hold Grantees harmless from any and all costs, claims or liability, including but not limited to reasonable attorneys' fees arising from any personal injury, accidents , negligence or damage relating to the Property, or any claim thereof, unless due to the negligence of Grantee or its agents, in which case liability shall be as provided by law. In addition, Grantors agree to maintain liability insurance covering the Property with the limits as follows : (i) $ 300,000 per person for personal injury or death, up to $ 300,000 per occurrence ; and (ii) $ 300, 000 per occurrence for property damages and warrant that Grantee is and will remain a named insured on Grantors ' Property insurance policies covering the Property . Grantors shall provide Grantee with a certificate of insurance coverage on the effective date of this Conservation Easement and within 10 days of each insurance renewal date. 15 . TITLE . The Grantors warrant that they hold fee simple title to the Property, free from all encumbrances , except for those exceptions deemed by the Grantee as acceptable and set further in Exhibit C to this Conservation Easement, and hereby promise to defend the same against all claims that may be made against it. 16 . NOTICES . Any notices required by this Conservation Easement shall be in writing and shall be personally delivered or sent by first class mail , to Grantors and Grantee, respectively, at the following addresses, unless a party has been notified by the other of a change of address . To Grantors : To the Grantee . Page 13 of 26 Book 6875