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the Property. In addition, this Conservation Easement
includes covenants on the part of the Grantors to
refrain from doing certain acts, as set forth below, so
that all uses of the Property will be consistent with
this Conservation Easement. Grantee accepts this
Conservation Easement to conserve the natural resources
and scenic values of the Property for the present and
future generations. The parties acknowledge that this
Conservation Easement constitutes a servitude upon the
land and runs with the land.
Deed 1 goes on to list activities that are restricted on
encumbered shoreline 1 (e.g., mining activities and, except as
otherwise provided in deed 1, development, construction,
improvement, or similar acts that would destroy any part of
encumbered shoreline 1), and activities that are permitted on
encumbered shoreline 1 (e.g., alteration of trees to provide
views of Lake Michigan, construction of foot paths to the Lake
Michigan shoreline, and certain construction of overlook decks,
patios, or boat houses). Deed 1 generally states that
petitioners are liable for any cost incurred by LTC to enforce
conservation easement 1 and allows conservation easement 1 to be
terminated “If subsequent, unexpected changes in the Property, or
nearby property, render the Purpose of this Conservation Easement
impossible to achieve”. Deed 1 states that LTC
may transfer or otherwise assign this Conservation
Easement only to a qualified conservation organization
which agrees to enforce this Conservation Easement in
accordance with the regulations established by the
Internal Revenue Service governing such transfers and
the laws of the State of Michigan. If Grantee ceases
to exist, Grantee’s rights and obligations under this
Conservation Easement shall immediately vest in the
following entities in the following order to the extent
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