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Return to: <br />and <br />Brandon S. Connick <br />P.O. Box 790 <br />Grand Island, Ne 68802 <br />CORPORATION WARRANTY DEED <br />WITH RESTRICTIONS <br />N) <br />w <br />Lot One (1), C.A.A.P. North Railroad Subdivision, Hall County, <br />Nebraska; <br />(1) <br />Lot One (1), C.A.A.P. West Railroad Subdivision, Hall County, Nebraska; <br />Lot Two (2), C.A.A.P. East Railroad Subdivision, Hall County, Nebraska; <br />A tract of land comprising a part of the Southwest Quarter (SW 1/4) and a <br />part of the Southeast Quarter (SE 1/4) of Section Seven (7), Township <br />Eleven (11) North, Range Ten (10) West of the 6 P.M., Hall County <br />Nebraska, and more particularly described as follows: Beginning at a <br />point on the west line of said Southwest Quarter (SW 1 /4), said point being <br />Six Hundred Eighty Three and Eight Tenths (683.80) feet north of the <br />southwest corner of said Southwest Quarter (SW 1/4) said point also being <br />Fifteen (15.00) feet south of (measured perpendicular to) the centerline of <br />an existing east -west railroad track; thence running northerly, along and <br />upon the west line of said Southwest Quarter (SW 1 /4), a distance of Thirty <br />(30.00) feet to a point which is Fifteen (15.00) feet north of (measured <br />perpendicular to) said existing east -west railroad track centerline; thence <br />deflecting right 90° 00' 36" and running easterly, parallel with and Fifteen <br />(15.00) feet north of (measured perpendicular to) said existing east -west <br />railroad track centerline, a distance of Two Thousand Six Hundred <br />Seventeen and Sixty Five Hundredths (2,617.65) feet to a point on the <br />northerly prolongation of the west line of the Waste Water Treatment <br />Plant property; thence deflecting right 90° 24' 04" and running southerly, <br />along and upon the northerly prolongation of the west line of said Waste <br />Water Treatment Plant property, and along and upon the west line of said <br />Waste Water Treatment Plant property, a distance of Thirty (30.00) feet to <br />a point which is Fifteen (15.00) feet south of (measured perpendicular to) <br />said existing east -west railroad track centerline; thence deflecting right 89° <br />35' 56" and running westerly, parallel with and Fifteen (15.00) feet south <br />of (measured perpendicular to) said existing east -west railroad track <br />centerline, a distance of Two Thousand Six Hundred Seventeen and Forty <br />Four Hundredths (2,617.44) feet to the point of beginning. <br />GRAND ISLAND AREA ECONOMIC DEVELOPMENT CORPORATION, a Nebraska <br />non - profit corporation, GRANTOR, in consideration of Four Hundred Thousand and No /100 <br />Dollars ($400,000.00) and other valuable consideration received from GRANTEE, <br />FREIGHTCAR RAIL SERVICES, L.L.C., a Delaware limited liability company, conveys to <br />GRANTEE, the following described real estate (as defined in Neb. Rev. Stat. §76 -201): <br />`n <br />m <br />rte) n <br />CD C-3 <br />c <br />OD /I" <br />0 <br />0 0 <br />