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<br />DEC. 21.2006 3:54PM ' MCGRRTH NORTH (402)341-0216 <br /> <br />NO. 348 <br /> <br />P.3 <br /> <br />200611329 <br /> <br />Exhibit "B" <br />Legal Description of Ethanol Plant Property <br /> <br />TRACT 1 (Fee Interest): <br />Lot 1, Carter Acres Subdivision, Hall County, Nebraska. <br /> <br />TRACT 2 (Fee Interest): <br />A tract of land located in the North Half (Nl/2) of Section 25, Township 10 North, Range 12 <br />West of the 6th P.M., Hall County, Nebraska, mOre particularly described as follows: <br /> <br />Commencing at the Northeast Comer said Section 25 thence N89Q59'34"W (assumed bearing) <br />along the North line ofthe Northeast Quarter (NEl/4) said Section 25 a distance of 398.07 feet to <br />the Place of Beginning; thence continuing N89QS9'34"W along said North line a distance of <br />1564.37 feet to the South Right of Way line of the Union Pacific Railroad; thence S68051'01"W <br />along said South line a distance of 3589.51 feet to the West line of said Section 2Sj thence <br />SOoo06149"E along said West line a distance of 357.48 feet; thence S89Q58'47"E a distance of <br />662.71 feet; thence N80024'33''E a distance of2016.68 feet to the West line of the North Half of <br />the Northeast Quarter (NI/2NEl/4) said Section 25; thence S89059'58"E a distance of 2652.91 <br />feet to the East line of said North Half of the Northeast Quarter (N1I2NEl/4); thence <br />N00013'56"E along the East line said Section 25 a distance of 1075.61 feet to the South line of <br />Carter Acres Subdivision as recorded in the Hall County Register of Deeds Office as Document <br />Number 92-107346; thence N89c57'461'W along said South line a distance of 393.07 feet to the <br />West line of said Carter Acres Subdivision; thence NOoo57'27"W along said West line a distance <br />of 240. 83 feet to the Place of Beginning. <br />Now'known as Lot 2, Cargill Addition to the City of Wood River, Hall County, <br />Nebraska.. <br />Docsn55944,4 <br />