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• Thence North 00° 10' 21" West a distance of 1687.29 feet to the <br />point o1 beginning. <br />Containing 33.333 acres, more or less. <br />Bearings are based on the assumption that the west boundary of the <br />NW 114 of said Sec, 14 bears North 00` 16' 53" West. <br />TERMS AND CONDITIONS <br />1. If Grantee fails to construct the facility or facilities described above within two 121 years from date hereof, <br />this grant shall be subject to cancellation at the option of the State Land Board. If the State Land Board <br />agrees to extend such construction period, the State Land 8aard may fix additional consideration based <br />on a reappraisal of said right-of-way at the time of completion of construction of said facilities. <br />2. All rights to any and all minerals, ores, and metals of any kind, and character, and all coal, asphaltum, oil, <br />gas, geothermal resources, or other substances in or under said land are reserved to the State of Colorado. <br />If the State Land desires to occupy or use, or permit the occupancy ar use of the lands which are subject <br />to this right-of-way herein granted, or any portion thereof, for any purpose with which the aforesaid <br />facilities would interfere, including the mining, removing, or recovering of all minerals, ores, and metals of <br />• every kind and character and all coal, asphaltum, geothermal, steam, and other substances in or under said <br />land, then the State Land Board may require the Grantee to relocate, raise, lower, disconnect, or otherwise <br />adjust its facilities after first receiving not less than ninety Igo) days' prior written notice from the State <br />Land Board. In such event, the Grantee shall he furnished a similar right-of-way over and across state <br />land, where available and suitable, free of charge to relocate, raise, lower, disconnect or otherwise adjust <br />said facilities. Not more than one-half of the expense of said relocation, movement, or rebuilding shall he <br />paid by the Grantee. <br />3. This grant of right-of-way is subject to any and all easements and rights-of-way granted previously. <br />4. The State Land Board reserves the right to cultivate, use, and occupy the lands for any purpose which will <br />not unreasonably interfere with or endanger any of the facilities of the Grantee, or use thereof. <br />5. The State Land Board shad have the right at any and all times during the continuance of the right-of way <br />to sell exchange or otherwise dispose of the lands. <br />6. This right-of-way is made for the sale and only purpose as described and no other. It does not give <br />Grantee exclusive possession of the lands. It Grantee uses or attempts to use the lands for any other <br />purpose whatsoever, then this right-of-way shall become void and of no effect, and shall revert to the <br />State land Board or its successors. <br /> <br />ROW 2278-22 - 3 - <br />