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WARRANTIES AND COVENANTS <br /> 5. Grantor holds the entire fee simple interest in the Subject Property. <br /> 6. Grantor shall not convey its interest in the Subject Property, or execute, deliver, <br /> comply or permit recordation of any interest in the Subject Property, or any lien or encumbrance <br /> against the Subject Property (or any interest therein)until the earlier of the following events: (i) this <br /> Avigation Easement has been properly executed by Grantor, accepted by the City, and recorded by the <br /> Orange County Recorder; or(ii) thirty(30)days have elapsed after Grantor has delivered this Avigation <br /> Easement to the City, properly and fully executed and notarized, a complete and accurate application <br /> form, and true and correct copies of all associated documents identified in the instructions provided to <br /> Grantor with this form of Avigation Easement. <br /> 7. If the person executing this Avigation Easement is other than the Grantor, the person <br /> executing this Avigation Easement, or his or her attorney, has represented in documentation, separate <br /> from this grant, to the City that the person is duly and lawfully authorized by Grantor to relinquish <br /> certain rights relative to the Subject Property, as described in this Avigation Easement. <br /> GRANT OF AVIGATION EASEMENT <br /> 8. Grantor, individually and for its successors, assigns, and other persons using the <br /> Subject Property with the implied or express consent of Grantor, hereby grants, conveys and assigns to <br /> the City, and to its successors and assigns, a perpetual non-exclusive avigation easement and right of <br /> way for the purposes of aircraft operations, aircraft sound and noise, aircraft hazard, and aircraft <br /> avigation and flight in, to, over and through all Navigable Airspace above the Subject Property as well <br /> as the imposition in, on, over and upon the Subject Property of noise, vibration, illumination, fumes, <br /> fuel particles, dust, discomfort or other environmental effects incident to such aircraft operations, and <br /> any and all annoyance, inconvenience, or other interference with or damage to the use and enjoyment <br /> of the Subject Property and such other property as may be present therein, and any consequent reduction <br /> in market value of the Subject Property, all due to the operation of aircraft to and/or from JWA. For <br /> purposes of this Avigation Easement, the term "aircraft" shall mean any contrivance now known or <br /> hereafter invented, used or designed for navigation or flight in the air. <br /> 9. The Avigation Easement is for the use of such Navigable Airspace by any aircraft <br /> during operations to or from JWA present or future, in whatever form or type, including any future <br /> change to or increase in the JWA's boundaries and/or in the volume or pattern of aircraft traffic or <br /> aircraft noise, by all existing or future types of aircraft, up to and including a full calendar year noise <br /> impact as measured by Cumulative Noise Equivalency Level. This includes imposition on the surface <br /> of the Subject Property and on any and all structures on the Subject Property of such noise, vibration, <br /> fumes, fuel particles and other particulate matter, dust, discomfort or other environmental effects <br /> incident to such aircraft operations and any and all resulting annoyance, inconvenience, or other <br /> interference with the use and enjoyment of the Subject Property and any consequent reduction in <br /> market value. <br /> 10. It is expressly intended by Grantor and the City that this Avigation Easement shall <br /> not supersede or impair any existing prescriptive, avigation, or other easements, rights, or interests <br /> of the City or its predecessor(s) in interest in or applicable to the Subject Property, all of which <br /> easements, rights, interests, and any remedies related thereto are expressly reserved by the City, if <br /> applicable. <br /> 2 <br />