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696907.5 EXHIBIT "B" Permitted Exceptions 201606624 1. Current real estate taxes which are a lien but not yet due and payable as of September 30, 2016. 2. All applicable laws, regulations, zoning regulations and ordinances whether federal, state or local. 3. Subject to easements as shown and dedicated on the plat of Fortner Second Subdivision. 4. Subdivision Agreement for Fonner Second Subdivision filed February 22, 1973 in the Register of Deeds Office in Book 24, Page 249, as amended by that certain Amendment to Subdivision Agreement of Fonner Second Subdivision, filed November 5, 2001 in the Register of Deeds Office as Document No. 200111255. 5. Easement executed between Emma Fonner Corey and Joseph J. Corey, Wife and Husband and Bernard Shovlain and Thelma Shovlain, Husband and Wife to The City of Grand Island, Nebraska. Easement filed April 6, 1976 in the Register of Deeds Office as Document No. 76- 001800. 6. Public Utility Easement executed by Bernard Shovlain and Thelma Shovlain, Husband and Wife to the City of Grand Island, Nebraska.Public Utility Easement filed April 15, 1980 in the Register of Deeds Office as Document No. 80- 001616. 7. Sanitary Sewer License Agreement executed between the City of Grand Island, Nebraska, a Municipal Corporation and Parrella Motors, Inc., a Nebraska Corporation. Sanitary Sewer License Agreement filed April 10, 1996 in the Register of Deeds Office as Document No. 96- 102634. 8. Utility easement executed by Parrella Motors, Inc., a Nebraska Corporation to the City of Grand Island, Nebraska, dated June 11, 1998 and filed June 15, 1998 in the Register of Deeds Office as Document No. 98- 105722. 9. Utility easement executed by Parrella Motors, Inc. to the City of Grand Island, Nebraska. Utility easement dated December 22, 1999, filed December 27, 1999 in the Register of Deeds Office as Document No. 99- 112144. 10. License Agreement by and between the City of Grand Island, Nebraska, A Municipal Corporation, Licensor and 550 "L" Street Properties Co., a Nebraska General Partnership, Licensee. License Agreement dated June 11, 2001, filed August 27, 2001 in the Register of Deeds Office as Document No. 200108600.