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<br /> 10 Qjyc <br /> m <br /> ~ m en ;r'-......~ <br /> Z n:r c.;> (") U) <br /> ~..:=3 <br /> ."'l ~ C '" " -:J o -l <br /> P 1: ,....-):l-, c: 1> <br /> m CI) :3 :z-l <br /> .. ::0 ~' <br /> n CI) ~ = -1 rr, <br /> =-- [,.1 ',-. = <br /> ;.'I'; ::c c.."'"') (.."'''- -<0 <br />N ~ ,:.:"..... N 0'1 <br />e o ,(- ~ '1Z <br /> ""'1 <br />e LJ\ tt <br />--.J ~ C7 :J: rll <br />e 0 m t -0 1> en <br />N m :3 r :::0 <br />N 0 .1> <br />e 5 (J1 (f) <br />(J1 c..:> ;><; <br /> :t> <br /> G.) -- <br /> -.J (f) <br /> (f) <br /> <br />EASEMENT AGREEMENT <br /> <br />This Easement Agreement is made this ~day of j\\Nc.-~ ,2007, by and <br />between Woodland Park Townhomes, LLC, a Nebraska limited liability company <br />("Woodland"l and Hastings Ventures L.L.C., a Nebraska limited liability company <br />("Hastings") . <br /> <br />RECITALS <br /> <br />A. Hastings owns real property located in Grand Island, Nebraska legally described <br />on Exhibit "A" attached and incorporated by this reference ("Hastings Property"). <br /> <br />C. Woodland is purchasing or has purchased a portion of the Hastings Property, <br />legally described on Exhibit "B" attached and incorporated by tbis reference <br />("Woodland Property"). <br /> <br />D. Woodland plans to develop and construct a townhome residential development on <br />the Woodland Property which will be accessed through Pennsylvania Avenue and <br />New York Avenue. <br /> <br />E. Woodland has received approval from the City of Grand Island to construct and <br />develop a townhome residential development on the Woodland Property, <br />conditioned upon the Woodland Property being benefitted by a Turn Around Area <br />located at the east end of both Pennsylvania Avenue and New York Avenue. <br /> <br />F. Hastings currently owns the unimproved property adjacent to and east of the <br />Woodland Property and has agreed to provide a temporary easement to, on and <br />over the Hastings Property to allow for a temporary Turn Around Area directly east <br />of Pennsylvania Avenue and New York Avenue. <br /> <br />G. Woodland desires to acquire and Hastings desires to convey an easement over and <br />through the Easement Area, defmed below, located on the Hastings Property in <br />accordance with the terms and conditions of this Easement. <br /> <br />NOW THEREFORE, in consideration of the benefits to be derived from the facilities <br />and the utility lines described herein, and in further of One and No /100 Dollars ($1.00), <br />the receipt of which is hereby acknowledged, and other valuable consideration, Hastings <br />and Woodland agree as follows: <br /> <br />1. Access Easement. Hastings does hereby convey to Woodland, its respective <br />successors and assigns, a limited and nonexclusive easement with the right to use for <br />ingress and egress purposes the turn around area east of Pennsylvania Avenue and New <br /> <br />10733063.2 <br /> <br />o <br />N <br />o <br />o <br />-.J <br />C) <br />N <br />N <br />o <br />U1 <br /> <br />\~ <br />"- <br />,~, <br /> <br />~~ <br /> <br />.,;;) <br />