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SK: 2229 PG:: 692 <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 or the <br />Indian River Land Trust without consent of Grantor. Grantee may assign its rights and <br />obligations under this Easement to any other govemmental entity or nonprofit <br />organization whose purposes include the conservation of land or water areas or the <br />preservation of sites or properties with consent of Grantor. As a condition of such <br />transfer, Grantee shall require that the Conservation Purposes that this grant is <br />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 any way. <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 />1. Recordation. Grantee shall recons this instrument and any amendments in <br />timely fashion in the official records of Indian River County, Florida, and may re-record <br />it at any time as may be required to preserve its rights in this Easement. <br />J. Non -Homestead Certification. Grantor hereby certifies that if a Grantor who <br />is married signs this Easement without the joinder of his or her spouse, the Property is <br />neither the homestead of Grantor nor the primary physical residence of Grantor, nor is <br />the Property contiguous to the homestead or primary physical residence of Grantor. <br />14 <br />111 °250 <br />