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200009623 EXHIBIT "B" PARCEL 1: A PART OF THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER OF SECTION 19, TOWNSHIP 89 NORTH, RANGE 13 WEST OF THE FIFTH PRINCIPAL MERIDIAN, BLACK HAWK COUNTY, IOWA, DESCRIBED AS FOLLOWS: COMMENCING AT A POINT ON THE SOUTH LINE OF THE NORTHEAST QUARTER OF SAID SECTION 19, THAT IS 491.5 FEET WEST OF THE SOUTHEAST CORNER OF THE NORTHEAST QUARTER OF SAID SECTION, RUNNING THENCE WEST ALONG THE SOUTH LINE OF THE NORTHEAST QUARTER OF SAID SECTION A DISTANCE OF 380.5 FEET; THENCE NORTH PARALLEL WITH THE EAST LINE OF THE NORTHEAST QUARTER OF SAID SECTION, A DISTANCE OF 1222.4 FEET TO THE CENTER OF THE WATERLOO AND CEDAR FALLS ROAD (NOW UNIVERSITY AVENUE); THENCE SOUTHEASTERLY ALONG CENTER OF SAID ROAD A DISTANCE OF 410.9 FEET; THENCE SOUTH ALONG A LINE THAT IS PARALLEL WITH THE EAST LINE OF THE NORTHEAST QUARTER OF SAID SECTION 1066.4 FEET TO THE PLACE OF BEGINNING, EXCEPT THE SOUTH 743.64 FEET IN EVEN WIDTH THEREOF, AND EXCEPT THE PART PREVIOUSLY CONVEYED TO THE CITY OF CEDAR FALLS, IOWA, AND EXCEPT THAT PART CONVEYED TO THE STATE OF IOWA BY DEEDS RECORDED IN BOOK 110 PAGE 375 AND BOOK 485 PAGE 397 OF LAND DEEDS; MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE INTERSECTION OF THE NORTH LINE OF SPIER'S ADDITION TO CEDAR FALLS, IOWA AND THE WEST LINE OF CAMPBELL -JANDA ADDITION TO CEDAR FALLS, IOWA; THENCE NORTH 00 DEGREES 25 MINUTES 48 SECONDS EAST 343.64 FEET ALONG SAID WEST LINE OF CAMPBELL -JANDA ADDITION TO THE POINT OF BEGINNING; THENCE SOUTH 89 DEGREES 57 MINUTES 24 SECONDS WEST 380.73 FEET TO THE EAST LINE OF ORCHARD HILL PLAT IN CEDAR FALLS, IOWA; THENCE NORTH 00 DEGREES 21 MINUTES 14 SECONDS EAST 418.84 FEET ALONG SAID EAST LINE OF ORCHARD HILL PLAT TO THE SOUTH RIGHT -OF -WAY LINE OF UNIVERSITY AVENUE; THENCE SOUTH 67 DEGREES 49 MINUTES 06 SECONDS EAST 410.50 FEET ALONG SAID SOUTH RIGHT - OF -WAY LINE TO THE WEST LINE OF THE THIRD ADDITION TO ORCHARD HILL PLAT IN CEDAR FALLS IOWA; THENCE SOUTH 00 DEGREES 25 MINUTES 48 SECONDS WEST 263.57 FEET ALONG SAID WEST LINE OF THE THIRD ADDITION TO ORCHARD HILL PLAT TO THE POINT OF BEGINNING. 7