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<br />in the Grantor's sole opinion and discretion, such waiver is in the best interest of the <br />State. Any such waiver shall be in writing and may be conditioned upon factors <br />including the nature and sensitivity of the natural resources in the area, potential <br />damage to or destruction of property, beneficial uses of the existing improvement( s), <br />and other factors considered to be in the best interest of the State; and <br /> <br />viii) Grantee shall insure that all Improvements constructed, placed, or operated by it on <br />the Premises are visible to operators of marine craft at all times. Grantee shall further <br />take any and all steps necessary to insure that Improvements constructed, placed, or <br />operated by it on the Premises do not constitute a hazard to operators of marine craft. <br />Grantee may not restrict or prevent other persons from access to navigating open, <br />navigable waters. <br /> <br />(d) Adjacent Property <br /> <br />i) the Premises are located adjacent to property that is owned by the Grantee or in <br />which the Grantee has a possessory interest (the "Adjacent Property") and is further <br />described under the "Adjacent Property" section of Attachment A; and <br /> <br />ii) if the Grantee is divested of its interest in the Adjacent Property, the Grantor may <br />terminate this Agreement upon ten (10) days written notice to the Grantee. <br /> <br />l <br /> <br />.."'''.... <br /> <br />~l <br /> <br />(e) <br /> <br />Special conditions <br /> <br />The Grantee shall adhere to the special conditions, if any, listed under the "Special <br />Conditions" section of Attachment A. <br /> <br />2.03 As Is <br /> <br />THE GRANTEE HAS INSPECTED THE PHYSICAL AND TOPOGRAPHIC CONDITION OF THE PREMISES <br />AND ACCEPTS THE SAME "AS IS," IN ITS EXISTING PHYSICAL AND TOPOGRAPHIC CONDITION. THE <br />GRANTEE ACKNOWLEDGES THAT IT IS NOT RELYING ON ANY REPRESENTATION, STATEMENT, OR <br />OTHER ASSERTION OF THE GRANTOR WITH RESPECT TO THE CONDITION OF THE PREMISES, BUT IS <br />RELYING ON THE GRANTEE'S OWN INSPECTION OF THE PREMISES. THE GRANTOR DISCLAIMS ANY <br />AND ALL WARRANTIES OF HABITABILITY, MERCHANTABILITY, SUITABILITY, FITNESS FOR ANY <br />PURPOSE, AND ANY OTHER EXPRESS OR IMPLIED WARRANTY NOT EXPRESSLY SETFORTH IN THIS <br />AGREEMENT. THE USE OF THE TERM "GRANT" IN NO WAY IMPLIES THAT THIS AGREEMENT IS <br />FREE OF LIENS, ENCUMBRANCES, AND/OR PRIOR RIGHTS. THE GRANTEE IS PUT ON NOTICE THAT <br />OTHER GRANT AND/OR ENCUMBRANCE MAY BE OF RECORD, AND THE GRANTEE IS ADVISED TO <br />EXAMINE THE RECORDS IN THE ARCHIVES AND RECORDS DIVISION OF THE GLO AND RECORDS OF <br />THE COUNTY IN WHICH THE PREMISES ARE LOCATED. <br /> <br />2.04 RESERVATIONS <br /> <br />The Grantor reserves the full use of the Premises and all rights with respect to its surface and <br />subsurface for any and all purposes except for those granted to the Grantee. The aforementioned <br />reserved full use of the Premises by the Grantor includes the right of ingress, egress, and use of the <br />Premises by the Grantor, its officers, agents, representatives, employees, and other authorized users <br />for any authorized purpose. <br /> <br />CE20050 145 <br />cenewp.doc <br />adabney <br /> <br />4 <br /> <br />CUSTOMER ID: C000000895 <br />