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4. Grantee desires to obtain from Grantor, and Grantor desires to dedicate to Grantee <br />that portion of the Grantor Property where the roundabout was or will be constructed, for <br />Grantee to own and maintain as a public right of way. <br />AGREEMENT <br />1. Public Dedication. For and in consideration of mutual benefit and other good and <br />valuable consideration, the adequacy and receipt of which is hereby acknowledged, Grantor <br />hereby dedicates, conveys and quitclaims to Grantee, for a public right of way, all of Grantor's <br />interest in the real property legally described in Exhibit B and depicted on the map attached as <br />Exhibit C. <br />2. BindingE. This Dedication is binding on and shall inure to the benefit of <br />Grantee, Grantor, and their successors and assigns. <br />3. No Additional Work Required by Grantor. Grantee shall not require Grantor to <br />repair or improve the real property legally described in Exhibit B and depicted on the map <br />attached as Exhibit C to meet any current design requirements and accepts the property "as is" <br />and "where is" and without warranty. Grantor shall not be responsible for payment of any fees <br />for local or special improvement districts. <br />4. Entire Understanding. This Dedication, and the documents incorporated herein, <br />embody the entire agreement among the parties with relation to the transaction contemplated <br />hereby. There have been and are no covenants, agreements, representations, warranties or <br />restrictions among the parties with regard thereto other than those set forth herein or for which <br />there has been no provision made herein. The provisions of this Dedication cannot be waived <br />except by the written agreement of the party against whom a waiver shall be asserted. <br />[Signatures on following pages] <br />