Agmt03 Union Pacific Railroad - Laserfiche WebLink

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I After Recording, Return To: Space Above This Line for County Recorder's Use Real Estate File Folder HIGHW A Y GRANT THIS INSTRUMENT is made this - day of ,200_, by and between UNION PACIFIC RAILROAD COMPANY, a Delaware corporation, fonnerly known as Southern Pacific Transportation Company, a Delaware corporation (the "Grantor"), and the CITY OF REDWOOD CITY, a municipal corporation ofthe State of California (the "Grantee"): 1. Grantor, for and in consideration of the sum of THREE THOUSAND EIGHT HUNDRED FOURTY -EIGHT DOLLARS ($3,848.00) and in consideration of the mutual covenants contained herein, hereby grants to Grantee, its successors and assigns, subject to the conditions herein contained, the right to construct, maintain, repair, operate, reconstruct and renew at at-grade public highway crossing for Bloomquist Street in Redwood City, San Mateo County, California, on, along, and across the property described in Exhibit A, hereto attached and hereby made a part hereof, (the "Property"). 2. This grant is subject to (i) the terms and conditions of the separate agreement between the Grantor and Grantee dated , covering the construction and maintenance (Date of C&M Agreement) of the at-grade crossing and (ii) all prior and outstanding licenses, leases, easements, restrictions, conditions, covenants, liens and claims of title which may affect the Property, whether recorded or umecorded, and the word" grant" as used herein shall not be construed as a covenant against the existence of any thereof. 3. This grant is made subject to the prior and continuing right and obligation of Grantor, its successors and assigns, to use all the Property in the performance of its duty as a common carrier, and there is reserved unto Grantor, its successors and assigns, the right (consistent with the rights herein granted) to construct, reconstruct, maintain, repair, use and operate existing and future File Reference Page 1 Exhibit D -