Laserfiche WebLink
(Page 29 of 61) <br />83-430391 <br />the purposes of this easement. Grantor and Grantee further <br />agree that Grantee enjoys certain rights under this easement <br />which rights are immediately vested in Grantee, and which have <br />a fair-market value that is a minimum ascertainable proportion <br />of the fair-market value of the entire property, which value is <br />to be determined under Proposed Income Tax Regulations <br />1.107A-13 (h) (3), as published in the Federal Register dated <br />May 25, 1983, or such final regulation as corresponds in <br />substance thereto, or any other corresponding successor <br />regulation or ruling. <br />16. Convenants and Restrictions contained in this <br />easement shall bind Grantor and Grantor's heirs, personal <br />representatives, successors and assigns. <br />17, This easement may be conveyed or otherwise <br />transferred by Grantee only if the following conditions <br />precedent to transfer are wets (a) that Grantee impose, as a <br />condition of the transfer that the purposes served and advanced <br />by this easement continue to be carried out by the transferreel <br />and (b) that the transferree be, and satisfactorily demonstrate <br />that it is, one of the followings (i) a governmental unit <br />described in Internal Revenue Code S170(b) (1) (A) (v)l (ii an <br />organization described in Internal Revenue Code 5170(4) (1) (A) <br />(vi)i (iii) a charitable organization described in internal <br />-9- <br />Document:198300430391 Page:9 of 13 <br />65A-97