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Grantor covenants with Grantee that Grantor: <br />Warranty Deed <br />N <br />Please record and return to: Bruce Smith, 104 Wheeler Avenue, PO Box 790, Grand Island, NE 68802 <br />Pathway Bank, a Nebraska Banking Corporation ( "Grantor "), for good and valuable consideration, <br />conveys to Petersen Farms, Inc., a Nebraska Corporation ( "Grantee "), the following described real <br />estate, located in Hall County, Nebraska (as defined in Neb. Rev. Stat. § 76 -201): <br />A tract of land comprising a part of the Northeast Quarter (NE1 /4) of Section Eleven (11), <br />Township Eleven (11) North, Range Nine (9), West of the 6th P.M., North of the Union Pacific <br />Railroad track, Hall County, Nebraska, EXCEPT for a tract commencing at the Northwest <br />corner of the Northeast Quarter of Section Eleven (11), thence running East Two Hundred <br />Sixty (260) feet; thence South Five Hundred and Eighteen (518) feet, thence West Two <br />Hundred Sixty (260) feet; thence North Five Hundred Eighteen (518) feet to the POINT OF <br />BEGINNING and EXCEPT a tract commencing at the Northeast corner of the Section Eleven <br />(11), Township Eleven (11) North, Range Nine (9), thence Westerly One Thousand Six <br />Hundred Thirteen and Twenty Six Hundredths (1,613.26) Feet; thence Southerly One <br />Thousand Eight Hundred Fourteen and Seventeen Hundredths (1,814.17) Feet to the North <br />right of way line of the Union Pacific Railroad; thence Northeasterly One Thousand Seven <br />Hundred Ninety Five and Fifty Nine hundredth (1,795.59) Feet; thence Northerly to the <br />POINT OF BEGINNING, EXCEPT public road Right of Way. <br />1. is lawfully seised of such real estate and that it is free from encumbrances except easements <br />and restrictions of record, except for any claims of persons in possession or encumbrances <br />known to Kowalski Family Farms, Inc., or any of its shareholders, and/or Grantee; <br />2. has legal power and lawful authority to convey the same; and <br />3. warrants and will defend the title to real estate against the lawful claims of all persons <br />claiming the same or any part thereof, except for any claims of any persons in possession, or <br />any liens, encumbrances, easements and restrictions known to Kowalski Family Farms, Inc., <br />or any of its Shareholders, and/or Grantee. <br />