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BK: 2182 PG: 120 River County at Official Record Book 2182 Page jos "Grantor shall notify Grantee in writing at least thirty (30) days before conveying the Property, or any part thereof or interest therein, to any third party. The failure to notify Grantee or to include said language in any deed or instrument shall not, however, affect the validity or applicability of this Conservation Easement to the Property or limit its enforceability in any way. Failure to include in any deed or other interest affecting conveyance the language required by this paragraph shall give grantee all rights and remedies at law or equity, including the right to void the transfer. 19. Grantee's Right to Purchase. Pursuant to Indian River County's Land Acquisition Manual dated September 2004, the Grantor and Grantee acknowledge that Grantee shall have the right to Purchase Grantor's interest in the Property where Grantor has failed to maintain sixty percent (60%) or more of the acreage of the Property in agriculture as set forth in this Conservation Easement for any continuous five (5) year period of time. In such event, and in addition to its remedies under Paragraph 16, Grantee may, but shall not be obligated to, purchase Grantor's fee simple interest in the Property, as encumbered by the Conservation Easement, at the appraised value of the encumbered fee, determined in accordance with Florida Statutes section 125.355. In the event Grantee acquires the fee interest in the Property, this Conservation Easement shall not merge into the fee simple estate, and Indian River County as Grantee covenants to take all necessary steps to assure that the estates do not merge. 20. Right of Notice of Intent to Sell. The terms of this right are such that if Grantor intends to sell the Property, or any interest therein or portion thereof, Grantor shall timely deliver to Grantee written notice of such intent, and shall, in good faith, afford Grantee an opportunity to negotiate the acquisition of the Property, or such portion thereof or interest therein that Grantor intends to sell. Notwithstanding the foregoing, Grantor and Grantee acknowledge and agree that Residence Parcel is specifically excepted from all of the provisions of this paragraph. If Grantee desires to negotiate the acquisition of the Property, or such portion thereof or interest therein, Grantee shall so notify Grantor in writing within 30 days after receipt of Grantor's notice of intent. If Grantor and Grantee are unable, in good faith, to agree to terms of an acquisition of the Property, or such interest therein or portion thereof as applicable, within 120 calendar days, Grantor shall send written notice thereof to Grantee ("Paragraph 20 Notice"). Thereafter, Grantor may sell the Property free of the right granted herein; provided, however, that closing on such sale shall occur within one year of the date of the Paragraph 20 Notice. Notwithstanding the foregoing, Grantee may avail itself of all of its remedies hereunder should Grantee disagree with the Paragraph 20 Notice. If the Property, or such portion thereof or interest therein as is applicable, has not sold within one year after Grantee's notice to Grantor that Grantee does not intend to negotiate acquisition of the property or within one year after failure to reach agreement to terms of an acquisition, then any intent to 12