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8/ 10/2007 <br /> Easement. Grantor believes that any changes in the use of neighboring properties will <br /> increase the benefit to the public of the continuation of this Easement, and Grantor and <br /> Grantee intend that any such changes shall not be deemed to be circumstances <br /> justifying the termination or extinguishment of this Easement . In addition , the inability of <br /> Grantor to conduct or implement any or all of the uses allowed under the terms of this <br /> Easement, or the unprofitability of doing so , shall not impair the validity of this Easement <br /> or be considered grounds for its termination or extinguishment. <br /> D . Proceeds . This Easement constitutes a real property interest immediately <br /> vested in Grantee , which , for the purposes of paragraph VIII . C . , the parties stipulate to <br /> have a fair market value determined by multiplying the fair market value of the Property <br /> unencumbered by the Easement ( minus any increase in value after the date of this <br /> grant attributable to improvements ) by the ratio of the value of the Easement at the time <br /> of this grant to the value of the Property, without deduction for the value of the <br /> Easement, at the time of this grant. For the purposes of this paragraph , the ratio of the <br /> value of the Easement to the value of the Property unencumbered by the Easement <br /> shall remain constant. <br /> E . Condemnation . If the Easement is taken , in whole or in part, by exercise of <br /> the power of eminent domain , Grantee shall be entitled to compensation in accordance <br /> with applicable law. <br /> F . Assignment. This Easement is transferable to the State of Florida , St. Johns <br /> River Water Management District, and Indian River Land Trust without consent of <br /> Grantor. Grantee may assign its rights and obligations under this Easement to any <br /> other governmental entity or nonprofit organization whose purposes include the <br /> conservation of land or water areas or the preservation of sites or properties with <br /> consent of Grantor. As a condition of such transfer, Grantee shall require that the <br /> Conservation Purposes that this grant is intended to advance continue to be carried out. <br /> G . Subsequent Transfers . Grantor agrees to incorporate the terms of this <br /> Easement in any deed or other legal instrument by which Grantor divests any interest in <br /> all or a portion of the Property, including , without limitation , a leasehold interest . Grantor <br /> further agrees to give written notice to Grantee of the transfer of any interest at least <br /> twenty (20) days prior to the date of such transfer. The failure of Grantor to perform any <br /> act required by this paragraph shall not impair the validity or priority of this Easement or <br /> limit its enforceability in anyway. <br /> H . Notices . Any notice , demand , request, consent , approval , or communication <br /> that either party desires or is required to give to the other shall be in writing and either <br /> served personally or sent by first class mail , postage prepaid , addressed to the parties <br /> as set forth above , or to such other addresses such party may establish in writing to the <br /> other. <br /> 13 <br />