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1.4 Term of Easement. The term of the Easement, unless sooner terminated under provisions of <br /> this Easement Agreement, shall be perpetual. <br /> Section 2 Intentionally Deleted. <br /> Section 3 No Warranty of Any Conditions of the Premises. Grantee acknowledges that Grantor has <br /> made no representation whatsoever to Grantee concerning the state or condition of the Premises, or any <br /> personal property located thereon, or the nature or extent of Grantor's ownership interest in the Premises. <br /> Grantee has not relied on any statement or declaration of Grantor, oral or in writing, as an inducement to <br /> entering into this Easement Agreement, other than as set forth herein. GRANTOR HEREBY DISCLAIMS ANY <br /> REPRESENTATION OR WARRANTY, WHETHER EXPRESS OR IMPLIED, AS TO THE DESIGN OR <br /> CONDITION OF ANY PROPERTY PRESENT ON OR CONSTITUTING THE PREMISES, ITS <br /> MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE, THE QUALITY OF THE MATERIAL <br /> OR WORKMANSHIP OF ANY SUCH PROPERTY, OR THE CONFORMITY OF ANY SUCH PROPERTY TO <br /> ITS INTENDED USES. GRANTOR SHALL NOT BE RESPONSIBLE TO GRANTEE OR ANY OF GRANTEE'S <br /> CONTRACTORS FOR ANY DAMAGES RELATING TO THE DESIGN, CONDITION, QUALITY, SAFETY, <br /> MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF ANY PROPERTY PRESENT ON <br /> OR CONSTITUTING THE PREMISES, OR THE CONFORMITY OF ANY SUCH PROPERTY TO ITS <br /> INTENDED USES. GRANTEE ACCEPTS ALL RIGHTS GRANTED UNDER THIS EASEMENT AGREEMENT <br /> IN THE PREMISES IN AN "AS IS, WHERE IS" AND "WITH ALL FAULTS" CONDITION, AND SUBJECT TO <br /> ALL LIMITATIONS ON GRANTOR'S RIGHTS, INTERESTS AND TITLE TO THE PREMISES. Grantee has <br /> inspected or will inspect the Premises, and enters upon Grantor's rail corridor and property with knowledge of its <br /> physical condition and the danger inherent in Grantor's rail operations on or near the Premises. Grantee <br /> acknowledges that this Easement Agreement does not contain any implied warranties that Grantee or Grantee's <br /> Contractors (as hereinafter defined) can successfully construct or operate the Improvements. <br /> Section 4 Nature of Grantor's Interest in the Premises. GRANTOR DOES NOT WARRANT ITS TITLE <br /> TO THE PREMISES NOR UNDERTAKE TO DEFEND GRANTEE IN THE PEACEABLE POSSESSION OR <br /> USE THEREOF. NO COVENANT OF QUIET ENJOYMENT IS MADE. In case of the eviction of Grantee by <br /> anyone owning or claiming title to or any interest in the Premises, or by the abandonment by Grantor of the <br /> affected rail corridor, Grantor shall not be liable to refund Grantee any compensation paid hereunder. <br /> Section 5 Plans and Specifications for Improvements. If Grantee desires to construct any <br /> Improvements within the Premises Grantee shall submit to Grantor for its review and approval detailed <br /> information concerning the design, location and configuration of such Improvements ("Plans and <br /> Specifications"). As soon as reasonably practicable after Grantor's receipt of the Plans and Specifications and <br /> other information required by Grantor about the proposed location of the Improvements, Grantor will notify <br /> Grantee in writing whether Grantor has approved or disapproved the design, location and configuration of the <br /> proposed Improvements or the Plans and Specifications, and shall include one or more reasons for any <br /> disapproval. Grantor may disapprove the Plans and Specifications only where, in Grantor's sole judgment, <br /> construction, maintenance, operation or removal of all or any part of the Improvements to be constructed in <br /> accordance with the Plans and Specifications would cause Grantee to violate any of the provisions of Section <br /> 6.3 hereof. Following any disapproval, Grantee shall have the right to modify the location, configuration or other <br /> aspects of the Plans and Specifications of the proposed Improvements and to resubmit such modified <br /> information to Grantor for its further review and approval. Grantor may approve or disapprove of the Plans and <br /> Specifications in Grantor's sole discretion. Any approval or consent by Grantor of any of such plans shall in no <br /> way obligate Grantor in any manner with respect to the finished product design and/or construction. Any such <br /> consent or approval shall mean only that such Plans and Specifications meet the subjective standards of <br /> Grantor, and such consent or approval by Grantor shall not be deemed to mean that such Plans and <br /> Specifications or construction are structurally sound and appropriate or that such Plans and Specifications or <br /> construction meet the applicable construction standards or codes. Any deficiency in design or construction, <br /> notwithstanding the prior approval of Grantor shall be solely the responsibility of Grantee. <br /> Section 6 Improvements. <br /> 6.1 Construction of Improvements. If the construction of any Improvements on the Premises is <br /> approved by Grantor pursuant to Section 5 above, Grantee, and Grantee's Contractors, at Grantee's sole cost <br /> Form 701;Rev.02/12/10 <br /> 2 <br />