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CHECK <br />1Jd211SSY i <br />INST 262b 0 3 I U <br />Record and Return to: <br />Grand Island Abstract, Escrow & Title Co. <br />704 West 3`d Street, Grand Island, NE 68801 <br />REFUNDS: <br />CASH <br />CHECK <br />DEL) <br />HALL C(.) NTY NE <br />nib SE: i3 3: 33 <br />r LflQ <Y L <br />REGISTER OF DEEDS <br />qcooj- <br />MEMORANDUM OF AGREEMENT <br />REGARDING FUTURE UTILITY AND DRAINAGE EASEMENT <br />THIS MEMORANDUM OF AGREEMENT REGARDING FUTURE UTILITY AND <br />DRAINAGE EASEMENT (this "Memorandum") is made effective as o tember- ( , 2026, <br />by and between KENNETH R. HOSTETLER and SUSAN A. HOSTETLER, husband and wife, <br />collectively ("Seller"), and INNATE 7, LLC, a Nebraska limited liability company ("Buyer"). <br />RECITALS <br />A. Seller and Buyer are parties to that certain Commercial Purchase Agreement dated February <br />2, 2026, as subsequently amended or supplemented (collectively, the "Purchase Agreement"), <br />concerning certain real property located in Grand Island, Hall County, Nebraska. <br />B. In connection with the Purchase Agreement, Buyer is acquiring certain real property generally <br />comprising Lot 1 as depicted on the proposed final plat of Jasper Heights Second Subdivision <br />(the "Benefited Property"), and Seller is retaining certain adjacent real property generally <br />comprising Lot 2 as depicted thereon (the "Burdened Property"). The legal descriptions of the <br />Benefited Property and Burdened Property are attached hereto as Exhibit "A" and incorporated <br />herein by this reference. <br />C. Buyer anticipates that, in connection with the future subdivision, platting, development and <br />improvement of the Benefited Property, Buyer will require a permanent utility and drainage <br />easement over a portion of the Burdened Property, generally in the location depicted on Exhibit <br />"B" attached hereto and incorporated herein by this reference (the "Future Easement Area"). <br />D. Seller and Buyer have agreed that Seller shall grant the easement described below when <br />requested by Buyer, and the parties desire to record this Memorandum to provide notice to all <br />subsequent purchasers, mortgagees, lienholders and other persons acquiring any interest in the <br />Burdened Property of Seller's obligations with respect to such easement. <br />1 <br />