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U.S. DEPARTMENT OF EDUCATION-1991
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U.S. DEPARTMENT OF EDUCATION-1991
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Last modified
6/9/2015 3:15:14 PM
Creation date
6/9/2015 2:19:21 PM
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Contracts
Company Name
UNITED STATES OF AMERICA
Contract #
A-1988-009
Agency
Parks, Recreation, & Community Services
Council Approval Date
2/16/1988
Destruction Year
P
Notes
Deed 7435 and Quitclaim Deed 7592 copies in file
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17. GRANTEE, by the acceptance of this Deed, further <br />covenants and agrees for itself, its successors.and assigns, that <br />at all times during the period that title to the Property is <br />vested in GRANTEE subject to conditions subsequent numbered 1, 2, <br />3, and 4 of Paragraph 6 of this Deed, GRANTEE shall at its sole <br />cost and expense keep and maintain the Property and the <br />improvements thereon, including all buildings, structures and <br />equipment at any time situate upon the Property, in good order, <br />condition and repair, and free from any waste whatsoever. <br />18. GRANTEE, by the acceptance of this Deed, further <br />covenants and agrees for itself, its successors and assigns, that <br />at all times during that period that it holds title to the ' <br />Property subject to conditions subsequent numbered 1, 2, 3, and 4 <br />of Paragraph 6, it shall not engage in, authorize, permit or <br />suffer the extraction or production of any minerals from the <br />Property without the written consent of GRANTOR.. GRANTEE, by the <br />acceptance of this Deed, further covenants and agrees for itself, <br />its successors and assigns, that should an extraction or <br />production of minerals including, but not limited to oil, gas, <br />coal, and sulphur on or under the described Property occur during <br />that period.that it holds title to the Property subject to <br />conditions subsequent 1, 2, 3, and 4, (i) it will hold all <br />payments, bonuses, delayed rentals, or royalties in trust for <br />GRANTOR and (ii) that all net revenues and proceeds resulting <br />from the extraction or production of any minerals including, but <br />11 <br />
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