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202000823
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Last modified
2/4/2020 3:58:31 PM
Creation date
2/4/2020 3:45:06 PM
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DEEDS
Inst Number
202000823
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202000823 <br />This Easement is conditioned upon Grantee or its designee maintaining a commercial <br />general liability insurance policy for property damage and liability, including but not limited to <br />bodily injury, in the amount of One Million Dollars ($1,000,000.00) per occurrence, Two <br />Million Dollars ($2,000,000.00) aggregate. Grantee shall at all times maintain a Workers <br />Compensation or, if applicable, an Employer's Liability Insurance Policy to the Statutory Limits. <br />This Easement is further conditioned upon Grantee being responsible for the acts and <br />omissions (including physical damage or liability) of all subcontractors and sub -subcontractors it <br />uses pursuant to this Easement. <br />Grantee may assign this Easement, together with the rights and obligations associated <br />with the Easement, at any time, to any legal entity, by giving written notification of the <br />assignment to the Grantor at the address noted above. <br />All real estate taxes pertaining to the Easement will be paid by Grantor; any personal <br />property taxes or taxes for Improvements on the real property made by Grantee shall be paid by <br />Grantee. <br />Grantor is hereby authorized to utilize the Easement area located outside of the security <br />fence surrounding the Improvements if Grantor's use does not affect Grantee's use and the <br />performance of Grantee's technology. Grantee may also utilize the area outside of the security <br />fence at any time and may increase the area to be fenced in, without notice to Grantor, so long as <br />the use or fenced area is within the Easement area granted herein. The security fence area will <br />consist of an elevated platform with the purpose of allowing the surface water to naturally drain <br />from the North to the South/Southeast. <br />Should Grantor, or its successors or assigns decide to sell the property conveyed herein, <br />or in the event that Grantor files bankruptcy, or is declared insolvent, Grantee shall have a right - <br />of -first refusal to purchase the property conveyed herein. Grantee shall have thirty (30) days <br />from the date of receipt of notice from Grantor to provide notice of Grantee's intent to purchase <br />the property for then assessed fair market value of the property. This right of first refusal shall <br />run with the land and be binding upon the successors and assigns of Grantor and Grantee. <br />If the location of the Access Easement is needed to be changed by the Grantor in the <br />future, the cost of any survey, drafting of access easement, recording of the executed access <br />easement and construction of access easement, if any, are to be paid 100% by Grantor. <br />This Easement shall run with the property and shall be binding on and inure to the benefit <br />of the parties, their respective successors, personal representatives and assigns. <br />(Signature on following page) <br />
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