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EXHIBIT B PERMITTED EXCEPTIONS 200804831 1. Taxes and assessments for 2008 which are a lien, but not yet due and payable. 2. Taxes not yet due or payable for the year 2008 and subsequent years. Special taxes now assessed or levied, but payable in future installments: Paving taxes dated July 13, 2004 in the amount of $16,967.52 plus interest, UNPAID. Also shown in Ordinance No. 8920 assess and levy a special tax to pay the cost of construction of Street Improvement District No. 1245 of the City of Grand Island, Nebraska filed July 14, 2004 in the Register of Deeds Office as Document No. 200406931. 3. Subject to the rights of the public and others thereto in and to the use of that portion of the property within the bounds of any roads or highways as shown on the survey prepared by Ronald G. Ridgway, Miller & Associates, as Project Number 130-P-214-002, dated May 1, 2007, plat revised 5/17/07. 4. Subject to Access Restrictions as shown in Return of Appraiser recorded in Book 9, Page 121, and in Quit Claim Deed recorded in Book 1177, Page 211 as shown on the survey prepared by Ronald G. Ridgway, Miller & Associates, as Project Number 130-P-214- 002, dated May 1, 2007, plat revised 5/17107. 5. Subject to Easement in Survivorship Warranty Deed recorded in Book 149, Page 691. 6. Easement for Public Utilities executed by William F. Langenheder and Florence P. Langenheder, Husband and Wife to The City of Grand Island, Nebraska. Easement for Public Utilities dated March 27, 1974, filed April 2, 1974 in Book 26, Page 435. 7. Facility Easement executed by William F. Langenheder and Florence P. Langenheder to Northwestern Bell Telephone Company. Facility Easement dated February 1, 1979, filed March 7, 1979 in the Register of Deeds Office as Document No. 79-001225. 8. Easement executed by Edith M. Chapman to U.S. West Communications, Inc. Easement dated July 2, 1993, filed July 9, 1993 in the Register of Deeds Office as Document No. 93-105819. 9. Utility Easement executed by Edith M. Chapman to The City of Grand Island, Nebraska. Utility Easement dated April 29, 1996, filed May 15, 1996 in the Register of Deeds Office as Document No. 93-103766. 10. Subject to Easements as shown and dedicated on the Plat of Pedcor Subdivision filed August 30, 2001 in the Register of Deeds Office as Document No. 200108782. 11. Subdivision Agreement for Pedcor Subdivision filed August 30, 2001 in the Register of Deeds Office as Document No. 200108783. I 03209-6061 7-957802v5 B-1 us Bank I Riverbend Apartments Phase I Deed ofTrust