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<br />, portion of the Project which is not included \'within the Corrected Easement Parcels ~he "Released <br />Property") shall be deemed released from, and no longer burdened or encumbered by, the terms and <br />provislons of the Easement and Easement Agreement. Any and all references herein or in the <br />Easement Agreement shall be deemed references to the Corrected Easement Parcels. <br /> <br />2. Grantee, for Itself and Its successors and assigns, does hereby remise, release and <br />quit-claim unto Ocean Two (and Ocean T'M)'s successors and assigns), forever, any and all of Ocean <br />T'M)'S rights, title and interest in and to the Released Property and Grantee confirms and agrees that <br />the Released Property shall not be burdened or encumbered by the Easement and/or Easement <br />Agreement and that Grantee shall have no rights In or to the Released Property under the Easement <br />andlor Easement Agreement. <br /> <br />3. In addition to the purposes set forth In Section 2 of the Easement Agreement, wllh <br />respect to that portion of the Easement Parcels described as the "North Easement" on Revtsed Exhibit <br />"B" attached hereto, Grantor hereby grants to Grantee a non-excluslve easement in favor of Grantee <br />over. under and through the Easement Parcels such that it may be used by Grantee for the <br />installation, maintenance, repair and replacement of underground cables, \'wires. and pipes, used or <br />useful for public utilities or the provision of cable or other telecommunications purposes (the "Cable <br />Activities"). <br /> <br />4. Notwithstanding anything to the contrary in the Easement Agreement, the southern <br />ten feet (10) of that portion of the Easement Parcels described as the "South Easement: on Revised <br />Exhibit "B" attached hereto may not be used for pedestrian ingress and egress, but rather may only be <br />used by the City for the personnel of its police and tire departments and other governmental <br />authorities having jurisdiction over the Easement Parcels while engaged in the performance of their <br />official duties. <br /> <br />5. Pursuant to Section 3 of the Easement Agreement, the City hereby approves <br />construction upon the Easement Parcel substantially in accordance with the plan attached hereto as <br />Exhibit "C. hereof. <br /> <br />6. Notwithstanding anything to the contrary In the Easement Agreement, inasmuch as <br />the Project is presently under construction, the City agrees that, except only for the Cable Activities, no <br />use shall be made of the Easement Parcels pursuant to the Easement Agreement until such time as <br />the residential building contemplated to be constructed within the Project, as des:ribed in the <br />Easement Agreement, has been substantially completed and a certificate of occupancy Issued <br />therefor. Grantee further agrees that in connection with any pennitted use of the Easement Parcel <br />prior to the substantial completion of the Project, Grantee shall coordInate any such use with Grantor's <br />construction schedule. and Grantee shall, in making such use, endeavor to minimize Interference with <br />Grantor's use, occupancy and enpyment of the Easement Parcel. <br /> <br />7. Except as specIfically amended hereby, the Easement shall remain In full force and <br />effect ab Initio. <br /> <br />2 <br /> <br />