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21 <br />4.2. Closin Attorne .Prior to each Closing, the Grantee shall provide the Fund the <br />name, address, and telephone number of the closing attorney and the time and location of the <br />Closing. <br />4.3 Deed. The original previously approved General Warranty Deed executed in <br />recordable form shall be delivered by the Grantee to the closing attorney and recorded at Closing. <br />4,4 Conservation Easement. The previously approved Conservation Easement, and <br />Restrictive Covenants, if any, executed in recordable form, shall be delivered to the closing attorney <br />and recorded at Closing. Yf the State is a grantee and Conservation Easement has been approved by <br />the Council of State, the Conservation Easement shall be recorded at Closing. If not, Restrictive <br />Covenants, satisfactory to the Fund (the "Restrictive Covenants' shall be recorded at Closing <br />and, until the Conservation Easement is recorded or the term of the Restrictive Covenants expires, <br />whichever is sooner, the Grantee will take. no action that would adversely affect the ~ purposes or. <br />effect ofthe Conservation Easement. Upon approval of the Conservation Easement by the Council, <br />of State, it shall be recorded. <br />4.5 Closin Documentation. Subsequent to Closing, the closing attorney shall. <br />immediately provide to the Fund a copy of the Deed, a copy of the Title Insurance Policy, a copy of <br />the Closing Statement, the Conservation Easement and a copy of the Restrictive Covenants with <br />recording information, and a copy of all other documents and materials the Closing attorney <br />prepared or received ax Closing. <br />4.6 Audits. Grantee agrees that the Fund and the State have the right to audit the books <br />and records of the Grantee pertaining to this Grant Agreement both prior to the Closing and for <br />thirty-six (36) months after Closing or the completion or termination of this Grant Agreement. The <br />Grantee shall retain complete accounting records, including original invoices, payrolls, contracts, or <br />other documents cleazly showing the nature of all costs incurred under this Grant Agreement, for <br />that same period of time. <br />4.7 No Excess Costs. The Fund agrees to reimburse the Grantee only for reasonable <br />costs actually incurred by the Grantee which do not exceed the funds budgeted for the Property <br />Acquisition in Exhibit A. <br />SECTION V <br />Affirmative Covenants <br />5.1 Dedication of Pro . If required by the Fund, Grantee agrees to promptly pursue <br />dedication of the Property as a North Carolina, nattne preserve if those lands are declared eligible by <br />the State's Secretary of the Department of Environment and Natural Resources pw~suant to the <br />N.C.G.S. Chapter 113A, Article 9A (the "Nature Preserves Act"). <br />Orange County 99A--017 Contract.doc 12/07/99 9:32 AM <br />