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P . Joint Obligation . The obligations imposed by this Easement upon Grantor <br /> shall be joint and several . <br /> Q . Successors . The covenants, terms , conditions , and restrictions of this <br /> Easement shall be binding upon , and inure to the benefit of, the parties hereto and their <br /> respective personal representatives, heirs, successors, and assigns and shall continue <br /> as a servitude running in perpetuity with the Property. <br /> R. Termination of Rights and Obligations . A party's rights and obligations <br /> under this Easement terminate upon transfer of the party's interest in the Easement or <br /> Property, except that liability for acts or omissions occurring prior to transfer shall <br /> survive transfer. <br /> S . Captions. The captions in this instrument have been inserted solely for <br /> convenience of reference and are not a part of this instrument and shall have no effect <br /> upon construction or interpretation . <br /> T. The background recitals are true and correct in form and material part of this <br /> Conservation Easement. <br /> TO HAVE AND TO HOLD unto Grantee , its successors, and assigns forever. <br /> IN WITNESS WHEREOF Grantor and Grantee have set their hands on the day and <br /> year first above written . <br /> GRANTOR : PADGETT CREEK LLC <br /> Witnesses : <br /> (sign) By: <br /> Printed name : Elson R. Smith , Jr. <br /> Managing Member <br /> (sign ) <br /> Printed name : <br /> STATE OF FLORIDA <br /> COUNTY OF <br /> The foregoing instrument was acknowledged before me this day of <br /> , 20079 by Elson R . Smith , Jr. , Managing Member of Padgett Creek LLC, <br /> a Florida limited liability company, on behalf of same . He is personally known to me or <br /> who has produced as identification . <br /> Signed <br /> 15 <br />