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88- 102803 WARRANTY DEED ---MARGARET B. McGRATH and CHARLES DEAN McGRATH, her husband, -- GRANTOR, in consideration of ---TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000.00)--- received from GRANTEE, ---PRINCIPAL MUTUAL LIFE INSURANCE COMPANY, an Iowa corporation,--- conveys to GRANTEE, the following described real estate (as defined in Neb. Rev. Stat. 76-201): A tract of land comprising part of Lot One (1), Fractional Section Seven (7), and part of the Southwest Quarter of the Northwest Quarter (SW~NW~) of Section Eight (8), all in Township Eleven (11) North, Range Nine (9), West of the 6th P.M., in Grand Island, Hall County, Nebraska, more particularly described as follows: Beginning at a point on the easterly x'ight-of-way line of Webb Road, said point being thirty-eight (38) feet east and twenty-six (26) feet north of the southwest corner of said Lot One (1); thence northerly along said easterly right-of-way line of Webb Road, a distance of two hundred fourteen (214) feet to the southerly line of Blocks Three (3) and Four (4), Continental Gardens; thence easterly along the southerly line of said Blocks Three (3) and Four (4), Continental Gardens, a distance of nine hundred sixty-four and seventy-seven hundredths (964.77) feet; thence deflecting right 89035'28" and running southerly, a distance of two hundred twenty- nine and eighty-two hundredths (229.82) feet to the northerly right-of-way line of State Street; thence westerly along the northerly right-of-way line of said State Street, a distance of nine hundred forty-five and seven hundredths feet (845.07) feet; thence deflecting right 35041'19" and running northwesterly along the street right-of-way line, a distance of seventeen and two tenths (17.2) feet; thence deflecting right 53012'37" and running northerly along the street right-of-way line, a distance of six (6) feet; thence deflecting left 88053'56" and running westerly along the street right- of-way line, a distance of three (3) feet to the place of beginning and containing 5.083 acres, more or less. GRANTOR covenants (jointly and severally, if more than one) with GRANTEE that GRANTOR: (1) is lawfully seised of such real estate and that it is free from encumbrances, excepting for ease- ments, covenants, and restrictions; (2) has legal power and lawful authority to convey the same; (3) warrants and will defend title to the real against the lawful claims of all persons. -t..k. EXECUTED this ~S - day of NEBRASKA DOCUMENTARY STAMP TAX estate ,MAY 31 1988 t3?S ~ ~iA. STATE OF NEBRASKA ) COUNTY OF HALL ) M~ 7?'1 ,/J 1)0 c:&, ..jJ //a t 9 fl."U~ Ji. J '_ /LA/i) ./ !?,ARGARET .S'.rTH s~,., (f:~S~~~l ,I yt ('~e'i'" CHARLES DEAN McGRATH 4l"r4c !Yea , 1988. 55. The foregoing instrument was acknoTrlledged before me on &~ 2.!J- 1988, by MARGARET B. McGRATH and CHARLES DEAN McGRATH, her (.usband. for the purposes therein stated. My cummis5 ion ex, ires, 2 - "1 - C)"l. L.. t-i.---- .J:- .-- .......- .........~-