It's necessary to review the whole legal description, not just a few words.
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I agree the entire legal description needs to be consulted. Having said that my interpretation is that on the southerly boundary of the property there is an easement for the benefit of (someone or entity) for conduits. The easement runs the entire length of the southerly boundary 3’ in. So, if the southerly boundary is 20’ the easement is a strip of land 3’ x 20’. Still, in any particular circumstance the description may be ambiguous and prior use or other evidence of the intent of the grantor may be important.
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One would have to read the entire deed - and would want to know if the conduits are actually already in place to understand what was intended when the easement was created.
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