Historic property definition
Examples of Historic property in a sentence
Ordinary maintenance and repair of the Historic Property may be conducted and shall not require prior approval by Grantee.
For purposes of furthering the preservation of the Historic Property and of furthering the other purposes of this Preservation Easement, and to meet changing conditions, Xxxxxxx and Xxxxxxx may by mutual written agreement amend the terms of this instrument; provided, however, that no such amendment shall limit the duration or interfere with the preservation and conservation purposes of this Preservation Easement.
Grantor agrees at all times to maintain the Historic Property in good, sound and attractive condition and state of repair and shall comply with all federal, state and local laws, codes and by-laws applicable to the Property.
In the event that a substantial majority of the Historic Property is damaged or destroyed, or Grantee otherwise determines that stabilization of the damaged or destroyed Historic Property in accordance with the terms of this Preservation Easement would be impractical, not consistent with the Purposes, or otherwise infeasible, Grantee shall notify Grantor that Grantor may alter, demolish, remove or raze the Historic Property.
In the event of damage or destruction of the Historic Property caused by fire or other casualty, Grantor shall promptly notify Grantee of such damage or destruction and Grantor and Xxxxxxx shall each use best efforts to cooperate with one another and make any determinations that are necessary under this SECTION 4.