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<br />PINS 9887-52-0801 <br />9887-33-4585 <br />Excise Tax: $0.00 <br />STATE OF NORTH CAROLINA <br />COUNTY OF ORANGE <br />CONSERVATION EASEMENT <br />AND GRANT OF DEVELOPMENT RIGHTS <br />This Conservation Easement and Grant of Development Rights ("Conservation Easement") is <br />made on this day of 2008, by and between ORANGE COUNTY, a body <br />politic and corporate, a political subdivision of the State of North Carolina, having an address of P.O. Box <br />8181, Hillsborough, NC 27278 ("Grantor"), and TRIANGLE LAND CONSERVANCY, a North <br />Carolina non-profit corporation having as its address 1101 Haynes Street, Suite 205, Raleigh, NC 27604 <br />("Grantee"), for the purpose of forever conserving the biological values, open space chazacter, historic, <br />agricultural, and scenic qualities of the subject property as expressly provided herein. <br />BACKGROUND <br />The Grantor is the sole owner in fee simple of that certain tract of land containing acres <br />more or less comprised of two pazcels, one containing acres more or less and having Orange County <br />PIN 9887-52-0801, and one containing acres more or less and having Orange County PIN 9887-33- <br />4585 (together the "Property"), both as shown on the plat recorded in Plat Book _, Page _, Orange <br />County Registry (the "Plat"). [Acreage will be based on the new plat that will be recorded immediately prior to <br />this Easement) <br />The Property is currently encumbered by a conservation easement recorded in Book 4433, Page <br />520, Orange County Registry (the "Existing Easement"). Grantor desires to encumber all of the Property <br />with this Conservation Easement, which will replace the Existing Easement, all as hereinafter described. <br />KCBCM: 252126.5 <br />