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<br />200809097 <br /> <br />application shall be furnished to the u.s. Environmental Protection Agency and the Nebraska <br />Department of Environmental Quality. Said release will be issued to the underlying fee owner( s) <br />only in the event that the Army Corps of Engineers, in its sole discretion, gives its approval. In <br />the event such a release is issued, the underlying fee owner(s) will bear all costs of recording the <br />release in the local county records. <br /> <br />TO HAVE AND TO HOLD the same, together with all improvements, hereditaments, <br />appurtenances therein and all reversions, remainders, issues, profits and other rights belonging or <br />related thereto, either in law or in equity, for the use, benefit and behalf of the Grantee, its <br />successors and assigns forever. <br /> <br />II. GENERAL GOVERNMENT RESERVATIONS TO CONVEYANCE <br /> <br />This conveyance is expressly made subject to the following reservations in favor of Grantor, <br />and its assigns: <br /> <br />3. SAVE AND EXCEPT and there is hereby reserved unto Grantor, and its assigns, all <br />rights and interests that have been previously reserved to Grantor in any Patent(s) covering the <br />Property. <br /> <br />b. SAVE AND EXCEPT and there is hereby reserved unto Grantor, and its assigns, all <br />rents and other beneficial interests in favor of Grantor in and to the following leases and <br />easement to the extent, and only to the extent that such rents and other beneficial interests cover <br />the Property: <br /> <br />1. Department of the Army Lease No. DACA45-1-03-6046 (Tracts 24, 33, 61 and <br />West Half 62) granted to Micheal Panowciz for agricultural purposes for the period 22 May 2003 <br />through 31 December 2008. <br /> <br />2. Department of the Army Lease No. DACA45-1-01-6039 (Tract 36) granted to <br />Robert Panowicz for agricultural purposes the period 1 March 2001 through 31 December 2008. <br /> <br />3. Department of the Army Easement No. DACA45-2-04-6021 granted to DTE Rail <br />Services, Inc., for a nonexclusive easement and right-of-way for the operation, repair, <br />maintenance and replacement of certain grantee-owned railroad and spur tracks for the period <br />I April 2004 through 31 December 2008. <br /> <br />III. CERCLA COVENANT AND RESERVED ACCESS <br /> <br />a. Pursuant to Section 120(h)(3) of the Comprehensive Environmental Response, <br />Compensation and Liability Act, as amended (CERCLA) 42 U.S.C. Section 9620 (h)(3), the <br />Grantor has made a complete search of its records concerning the Property subject to this Deed. <br />Those records indicate that the hazardous substances, as defined by Section 101 (14) of <br />CERCLA, shown on Exhibit "B," attached hereto and made a part hereof, have been stored for <br /> <br />4 <br />