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35 <br />E. Grantor has delivered to the Fund said Conservation Easement, however it has not <br />been approved by the Council of State and the Fund wishes to proceed with the Giant prior to, and <br />conditional upon, such approval and subsequent recordation of the Conservation Easement, and <br />F. Fund and State require Grantor to record these restrictive covenants to ensure <br />appropriate conservation and management of the Property until such time as the Conservation <br />Easement is recorded. <br />NOW, THEREFORE, in consideration of the premises and the mutual benefits recited <br />herein, together with other good and valuable consideration to Grantor and to the State as protector <br />of the public interests it promotes, the Grantor hereby adopts and. declares the Property subject to <br />the restrictions hereinafter set forth, the purposes which are to provide environmental protection for <br />surface waters. and to protect the wildlife and nat<nal. heritage values of the Property, <br />ARTICLE I. DURATION OF RESTRICTIVE COVENANTS <br />These foregoing covenants and restrictions shall be construed ti4 be covenants running with the land <br />and, with any amendments made pursuant to Section VI.E. herein, shall be binding and effective <br />until January 1, 2095, at which time they shall be automatically extended for successive periods of <br />five (S) years; provided that these restrictions and covenants maybe terminates at any time by <br />recordation of an instrument oftennination executed by Grantor and State ar by recordation by <br />Grantor of a conservation easement covering the Property and naming as grantee the State or its <br />designee. <br />ARTICLE II. RIGHTS RESERVED TO GRAN'T'OR <br />Grantor reserves certain rights accruing from ownership of the Property, including the right <br />to engage in or permit others to engage in uses of the Property that are not inconsistent with the <br />purpose(s) of these Restrictive Covenants. The following rights are expressly reserved: <br />ARTICLE III. PROHIBITED AND RESTRICTED ACTIVITIES <br />Any activity on, or use of, the Property inconsistent with the purposes of these Restrictive <br />Covenants is prohibited. The Property shall be maintained in its natural, scenic, wooded and open <br />2 <br />