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EXECUTED: ovember 18 , 2014. <br />Once recorded, return to: <br />Parker, Grossart, Bahensky, Beucke & Bowman, L.L.P. <br />P.O. Box 1600, Kearney, NE 68848 -1600 <br />WARRANTY DEED <br />Richard Kirschner, a single person, and Michael A. Smith and Sherry S. Smith, husband <br />and wife, GRANTORS, in consideration of a tax free transfer for the establishment of a limited <br />liability company, convey to GRANTEE, Fairbanks L & B, L.L.C., a Nebraska Limited Liability <br />Company, the following described real estate (as defined in Neb. Rev. Stat. 76 -201): <br />A tract of land comprising a part of the Southwest Quarter (SWl) of <br />Section Fourteen (14), Township Ten (10) North, Range Twelve (12) West <br />of the 6th P.M., Hall County, Nebraska, and more particularly described <br />as follows: Beginning at the Southeast corner of said Southwest Quarter <br />(SW1/4); thence Westerly along and upon the South line of said Southwest <br />Quarter (SW /4), a distance of 1,834.5 feet; thence deflecting right <br />90 °00'00" and running northerly, a distance of 410.0 feet; thence <br />deflecting right 90 °00'00" and running easterly, parallel with the south <br />line of said Southwest Quarter (SW1/4), a distance of 514.5 feet; thence <br />deflecting right 90 °00'00" and running southerly, a distance of 154 feet; <br />thence deflecting left 90 °00'00" and running easterly, parallel with the <br />south line of said Southwest Quarter (SW1/4), a distance of 1,320.24 feet to <br />the point on the east line of said Southwest Quarter (SW /4); thence <br />southerly, along and upon the east line of said Southwest Quarter (SW1/4), <br />a distance of 256 feet to the point of beginning. <br />GRANTORS covenant (jointly and severally, if more than one) with GRANTEE that <br />GRANTORS: <br />(1) are lawfully seised of such real estate and that it is free from encumbrances <br />except easements and restrictions of record; <br />(2) have legal power and lawful authority to convey the same; and <br />(3) warrant and will defend title to the real estate against the lawful claims of all <br />persons. <br />Richard Kirschner icha A. Smi h <br />1 <br />