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Sandalwood LLC INSTR 5128415 OR 5157 PG 654 RECORDED 5/29/2015 10:09 AM PAGES 7 DWIGHT E. BROCK, CLERK OF THE CIRCUIT COURT COLLIER COUNTY FLORIDA DOC @.70$0.70 REC$61.00 THIS INSTRUMENT PREPARED BY& RETURN TO: Michael A. Bedke,Esq. DLA Piper LLP(US) 100 N.Tampa Street Suite 2200 Tampa, FL 33602 PARCEL I.D. # 00201000003 SPACE ABOVE THIS LINE FOR RECORDING DATA SPACE ABOVE THIS LINE FOR PROCESSING DATA CONSERVATION EASEMENT THIS CONSERVATION EASEMENT given this [it_ day of November, 2014 by CRP/Vanderbilt Sandalwood, L.L.C. (hereinafter "Sandalwood"), as Grantor, whose address is c/o Carlyle Realty, 1001 Pennsylvania Avenue, N.W., Washington, DC 2004, to Collier County, Florida, a political subdivision of the State of Florida (hereinafter `Collier County" or "Grantee"). Grantor and Grantee may hereafter be collectively referred to as the "parties." WHEREAS, Sandalwood is the owner of that certain tract of land located in Collier County, Florida described in Exhibit "A" attached hereto (hereinafter referred to as the "Property"); and WHEREAS, Collier County is requiring that this Conservation Easement ("Easement") be entered into and recorded in the land records of Collier County; and WHEREAS, the parties wish to establish their respective rights and responsibilities relative to the use and maintenance of the conservation area described in the attached Exhibit"B" (the "Easement Property"). NOW, THEREFORE, Grantor hereby grants a conservation easement to Collier County as follows: 1. Sandalwood, its successors, assigns and/or transferees, hereby grants a non-exclusive easement to Collier County over and across the Easement Property described on Exhibit "B" for the purpose of conservation. Collier County shall have no responsibility for maintenance of the conservation easement on the Easement Property. EAST\86147974.1 1 2. No buildings, structures or impediments of any nature may be constructed, placed or permitted on, over or across the Easement Property. No dumping or placing of soil or other substances such as trash or unsightly or offensive materials shall be permitted on the Easement Property. There shall be no removal or destruction of trees, shrubs or other vegetation with the exception of exotic/nuisance vegetation removal. Excavation, dredging or removal of soil material, peat, rock or other material substance in such a manner as to affect the surface shall be prohibited on the Easement Property. No dikes or fencing shall be permitted on the Easement Property. There shall be no other activities detrimental to drainage, flood control, water conservation, erosion control or fish and wildlife habitat conservation or preservation permitted on the Easement Property. Except as set forth herein, the Easement Property shall be in no way altered from its natural or permitted state. The following exceptions apply: a. Archaeological surveys or excavations are permissible for areas designated as archaeological sites by the State or Federal governments or by Grantee; or b. Uses as permitted by Section 3.05.07.H of the Collier County Land Development Code. In accordance with LDC Section 3.05.07.H.1.d, oil extraction and related processing operations are uses which are exempt from the restrictions herein and shall remain allowed uses on the lands described herein, provided it is an allowable use in the underlying zoning district. 3. Sandalwood, its successors or assigns shall bear the responsibility for maintaining the Easement Property, including, but not limited to, regular maintenance as may be required by any governmental agency having jurisdiction relative thereto. The Easement Property shall at all times be maintained in accordance with applicable requirements of the Collier County Land Development Code. 4. No right of access by the general public to any part of the Easement Property is being conveyed. Collier County shall have the right to access and use of the Easement Property for the purpose of making inspections; however, Collier County shall have no obligation to maintain the Easement Property, nor shall Collier County have the right to use the Easement Property for any purpose inconsistent with the terms of this Conservation Easement. 5. Grantor reserves all rights as owner of the Easement Property, including the right to engage in uses of the Easement Property that are not prohibited herein and which are not inconsistent with any County ordinance, regulation or development permit, and the intent and purposes of this Conservation Easement. 6. Grantor shall pay any and all real property taxes and assessments levied by competent authority on the property. 7. Grantor shall insert the terms and restrictions of this Conservation Easement in any subsequent deed or other legal instrument by which Grantor divests itself of any interest in the Property. EAST\86147974.1 2 8. All notices, consents, approvals or other communications hereunder shall be in writing and shall be deemed properly given if sent by United States certified mail, return receipt requested, addressed to the appropriate party or successor in interest. 9. This Conservation Easement may be amended, altered, released or revoked only by written agreement between the parties hereto or their successors or assigns, which shall be filed in the public records of Collier County. 10. This Conservation Easement shall run with the land and shall be binding upon and inure to the benefit of all present and future owners of any portion of the Property and their successors and/or assigns, it being the intention of the Grantor that this Conservation Easement be perpetual. 11. If any provisions of the Conservation Easement or the application thereof to any person or circumstances is found to be invalid, the remainder of the provisions of this Conservation Easement shall not be affected thereby, as long as the purpose of the Conservation Easement is preserved. 12. Enforcement of the terms, provisions and restrictions of this Conservation Easement shall be at the reasonable discretion of Grantee, and any forbearance on behalf of Grantee to exercise its rights hereunder in the event of any breach hereof by Grantor, shall not be deemed or construed to be a waiver of Grantee's rights hereunder. 13. The terms and conditions of this Conservation Easement may be enforced by Grantee by injunctive relief and other appropriate available remedies, and Grantor consents that venue of such enforcement actions shall lie exclusively in the Circuit Court of the Twentieth Judicial Circuit in and for Collier County, Florida. In any enforcement action in which Grantee prevails, Grantee shall be entitled to recover reasonable attorney's fees and costs in the trial and appellate courts in addition to the cost of restoring the land to the natural vegetative and hydrologic condition existing at the time of execution of this Conservation Easement or to the natural vegetative state required for a development permit. These remedies are in addition to any other remedy, fine or penalty, which may be applicable under Chapters 373 and 403, Florida Statutes. IN WITNESS WHEREOF, Grantor has executed this Conservation Easement as of the day and year first above written. Sign, sealed and delivered in the presence of: WIT ESSES: JRP/Vanderbilt-Sandalwood, L.L.C. - �P rt-d Na me:,�,�r A _ trc Print Nam-: L �` I 0i_!i�`� ' Title: i' . �� A ,, �1 i� . Printed Na - ��(�,�� � ,! '� (f�4NN� EAST\86147974.1 3 STATE OF ) COUNTY OF ) The foregoing instrument was subscribed, sworin and acknowledged before me this /14441 day of November, 2014, by 11 rC ‘e SUS Ec'. If of CRP/Vanderbilt Sandalwood, L.L.C., and who is [i_jpersonally known to me or [ ] who produced as identification. 7/ / / . N', THOMAS H.UCCELLINI Notary Public.State of New York • '4.1 QuelSW in Rensselaer County NOTARY y PUBLIC l►�Gv i Rey.No.4975990 , '�.. -r, My COMM. Dec.31,204 - --���f-...�,) Printed Name: My Commission Expires: Acceptance by Grantee: ATTEST: BOARD OF COUNTY COMMISSIONERS DWIGHT Vt,.BROCK, CLERK COLLIER COUNTY, FLORIDA ' r17 "• _:/e_i__. By: itil:v....10.Niiii...� /�! r • .'Ue Cle- 1 T r K, NC1r,c , Chairperson Attest as to' ai nan signature only. 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DLA Piper LLP(US) 100 N.Tampa Street Suite 2200 Tampa,FL 33602 CONSERVATION EASEMENT SUBORDINATION THIS CONSERVATION EASEMENT SUBORDINATION is dated this I +�' day of I"e,lprvc. , 2015 by Citizens Bank of Pennsylvania, a state chartered banking institution, ha�an address at c/o RBS Citizens Real Estate Finance, 852 Leesburg Pike, #405, Vienna, Virginia 22182 (Hereinafter referred to as the "Secured Party"), in favor of the BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, AS THE GOVERNING BODY OF COLLIER COUNTY AND AS THE EX-OFFICIO GOVERNING BOARD OF THE COLLIER COUNTY WATER-SEWER DISTRICT, its successors and assigns, (hereinafter referred to as "County"). WHEREAS, the purpose of this Subordination is to subordinate the Secured Party's security interests that encumber good, marketable title to the Conservation Easement being conveyed to Collier County, which Conservation Easement area is located over, on and/or under the underlying real property that is encumbered by security interests in favor of the Secured Party as specified in the below-listed security instruments; and WHEREAS, the Secured Party is the owner and holder of a Mortgage, Assignment of Leases and Rents and Security Agreement in favor of Citizens Bank of Pennsylvania dated October 13, 2013 and recorded at O.R. Book 4975, Page 3979 et seq., of the Public Records of Collier County(the "Mortgage"). WHEREAS, the Secured Party is the owner and holder of an Assignment of Leases and Rents and Security Agreement in favor of Citizens Bank of Pennsylvania dated October 13, 2013 and recorded at O.R. Book 4975, Page 4000 et seq., of the Public Records of Collier County (the "ALR"). WHEREAS, the Secured Party is the owner and holder of a UCC-1 Financing Statement, in favor of Citizens Bank of Pennsylvania recorded at O.R. Book 4976, Page 1, of the Public Records of Collier County (the "UCC-1"). WHEREAS, each above-referenced security instruments (the Mortgage, ALR and the UCC-1) grants to the Secured Party a security interest that encumbers good and marketable title to the area described in the Conservation Easement, being conveyed to Collier County; and WHEREAS, prerequisite to the conveyance of the Conservation Easement to the County, Collier County requires that the Secured Party must subordinate its security interests in the EAS1\90642755.1 Conservation Easement being conveyed to the County; and the Secured Party is hereby complying with said requirement for this subordination. NOW, THEREFORE, in consideration of TEN DOLLARS ($10.00) and other good and valuable consideration, the receipt of which is hereby acknowledged by the Secured Party, the Secured Party hereby subordinates its security interests in the Conservation Easement being conveyed to the County, which Conservation Easement is located over, on and/under the described underlying real property. Except as expressly subordinated herein, the Secured interests of the Secured Party remain in full force and effect. IN WITNESS WHEREOF, the Secured Party has caused this Subordination to be executed the date and year first above written. CITIZENS BANK OF PENNSYLVANIA, a state chartered banking insti •e • ti emu_ Q/ By: , y: Print Name: � isf Name: 2 A ; Its: v C Pint Name: e,., ��\n ri STATE OF j(C (110L COUNTY OF fat c-c--0,y The foregoing instrument was acknowledged before me this da of VelQf�.lctrlJ� , 2015 by ?_c�c\ bo_uo._ as the • i`• P ' '/, ' Sf Citizens Balk of Pennsylvania, a state chartered banking institution, on behalf of the bank. ICI (She is personally known to me or Chas produced a driver's license as identification. Donna J.Wyatt r A g . _ /`, ' Conimonweaith of Virginia Print Name: 41/f/// / M_ „/ w ', Notary Public ,i/� .�,1 . > Commission No 1g�31YL�15 Notary Public S ate of t�I °/JlC '1�`' My mmission FxO t J EAST\90642755.1