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<br />200605157 <br /> <br />the nature of the violations. Failure to deliver such statement within such fifteen (15) day period <br />shall be conclusive evidence that the requesting party has fully complied with the provisions <br />hereof as of the date the request was made. <br /> <br />7. Right to Encumber. Each fee owner of any of the Property shall, at all times <br />during the term of this Easement, have the right to mortgage or encumber that portion of the <br />Property which it owns, as well as all of its right, title and interest hereunder in favor of and as <br />additional security to the holder of such mortgage or deed of trust, provided that this Easement <br />shall not be impaired by any foreclosure or deed in lieu of foreclosure of such security interest. <br /> <br />8. No Merger. Notwithstanding that Declarant currently holds title to the Property <br />and with respect to the Easement which Declarant has herein declared, created, reserved and <br />granted for the benefit the Property and the successors in interest to said Property for access <br />purposes, any such commonality of interest shall not result in or cause any merger, <br />extinguishment or termination, in whole or in part, of any provisions of this Easement, it being <br />intended by Declarant, for the benefit of the Property, that the terms of this Easement not be <br />merged by virtue of common ownership interests to any extent, but instead that such terms be <br />and remain in full force and effect upon and following the making and recording of this <br />Easement. <br /> <br />9. Remedies. In the event any person commences any action or proceeding against <br />any other person in order to enforce the provisions hereof, such person's remedies shall be <br />limited to injunctive relief and damages for the alleged breach of any of the provisions hereof, <br />and neither party shall have the right to terminate this Easement. In the event a party fails to pay <br />its share of the maintenance costs within thirty (30) days after delivery of an invoice therefor, the <br />party to whom such payment is owed shall have the right to file a lien against the property of the <br />non-paying owner, and foreclose such lien in the same manner as mechanic's liens are <br />foreclosed. In addition, the amounts owed shall accrue interest at the prime rate, as published <br />from time to time in The Wall Street Journal, Midwest Edition, plus five (5) percent, from the <br />date such expense was incurred until it is paid by the non-paying owner. The prevailing party in <br />any such action shall be entitled to recover, in addition to any amounts or relief otherwise <br />awarded, all reasonable costs incurred in connection therewith, including reasonable attorneys' <br />fees. <br /> <br />10. <br />Nebraska. <br /> <br />Governing Law. This Easement shall be governed by the laws of the State of <br /> <br />11. Amendment. The provisions of this Easement may be terminated abrogated, <br />modified, rescinded or amended in whole or in part only by the then current owners of the <br />Property by written instrument, duly executed and recorded in the real property records of the <br />County of Rall, Nebraska. <br /> <br />{31858.4.5/22/20~ 10:57 AM.JEPE.A0223863.DOC;4} 3 <br />