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201302 'Join Lul ut ULau11 1011 (J.u) , enc. the Southwest Quarter of the Southwest Quarter (sW1 /4 SWl /4), Section Two (2), both Township Nine (9) North, Range Eleven (11), 2 � { ) U � r ,r� West of the 6th P.M., Ball County, Nebraska, except that no more than two (2) of the said six (6) houses shall be occupied by a person or persons other than Binfield family members. No new' residences, except those constructed to replace existing residences,•shall be . constructed after the year 2050. • F. Drainage systems which cause a lowering of the water table on Tract I are prohibited. . G. Drainage over and onto Tract I, which contains toxic materials which the'Grantee reasonably determines may by detrimental to the.value or utility of Tract I as habitat for Whooping Cranes, ' Sandhill Cranes or other migratory •birds, is prohibited. IV. ADDITIONAL COVENANTS RELATING TO THE ENTIRE PREMISES (TRACT I AND II) A. This Easement is granted under and in accordance with the laws of the State•of Nebraska, incluidng but not limited to the tlebraska Conservation and Preservation Easements Act (Sections 76 -2,111 to 76 -2,118 inclusive, R.R.S.• 1943). B. All the covenants and conditions herein contained shall run with the land, and shall be binding .upon and shall inure to the benefit of the Grantor and the Grantee and their respective heirs, personal representatives, successors and assigns, in perpetuity, and shall be enforceable at law or in equity. C. Until January 1, 2050, if Grantor, its successors or assigns, desires to sell Tract'I or Tract II or both, or any part thereof, it shall first notify Grantee in writing of such.inten- tion to sell and of the bona fide asking price for such property or properties, and the Grantee is given the exclusive option for a period of twenty (20) days after receipt of such notice to purchase such property by notifying Grantor in writing of its intention tb purchase said property accompanied by a bank draft or cashier's check for 15% of the asking price. If the option is so exercised, the parties agree that: within sixty (GO) days after - the exercise of option, sale shall be completed upon delivery to