1st Reading - Jersey City

, DEED OF EASEMENTPrepared by:Allen J. rlagnni, Esq.This Deed' of Easement made as of the _ day of Januar 2011, between the City of"Jersey City, 'with offices at 280 Grove Street, Jersey City, New Jersey 07302 ("Grantor") and JC 'Broadway,L.L.C., with offces at 400 PlazaDrive, Secaucus, New Jersey 07094 ("Grantee").(Collectively the "Paries").WITNESSETH1. Conveyance of Easement. Grantor, in consideration of the sum of One Hundredand Twenty Thousand Dollars ($120,000.00) and other good and valuable 'consideration, the, receipt and suffciency of which are hereby ackrowledged, does 'hereby grant, coIivey and'confimi toGrantee a permanent, easement, in, over, across and under a po.rtioÍi of the property ofGrantor located in the City of J~rsey City, County of Hudson, State of New Jersey, presentlydesignated as Blocks 1690, Lot F, Block 1627, Lots 7 and 8, and Block 1623, Lot S.l, on the TaxMap of the City of Jersey City, which property is labeled as Grantor's Property on Exhbit A,, and more paricularly described in Exhibit A ("Grant~r' Property"). The easement hereingranted is limited to the area shown and'labeled as "Easement Area" on Exhibit'A arid moreparicularlY,described,in Exhibit'B("Easement Area',').2. Purpose of Easement. Grantor hereby grants to Gråntee the rightto enter uponthe Easement Area withpersonnel, machinery and equipment to constrct, inspect, maintain,repair, reconstruct, alter, removeand replace a paved vehicular/truck access area ("Accessi ,