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200905803 All that portion of the following described property located south of S Nebraska Highway 11: Lots Two (2) and Three (3), on Mainland and the Southeast Quarter (SE'/) of Section Twenty (20), Township Nine (9) North, Range Eleven (11) West of the 6th P.M., Hall County, Nebraska, EXCEPTING certain tracts mare particularXy described in Deed recorded in Book 132, Page 127; Deed recorded in Book 135, page 477; Warranty Deed recorded as Document No. 96-101427; all of Derr Subdivision, plat recorded as Document No. 98-111125 and Warranty Deed recorded as Document No. 200214417. 2. The terms, conditions and restrictions of the Conservation Easement are as follows: a. As used in this Conservation Easement, the term "vegetation" will refer to current type and management of plant species as described in Exhibits " 2" and " 3" attached hereto and incorporated herein by this reference. b. As used in this Conservation Easement, the term "water well" shall mean any water well as that term is defined in Nebraska statutes. No water well capable of pumping mare than SO gallons per minute may exist or be constructed on the Property. Any water well that exists on the Property on, the date of this Conservation Easement and that is capable of pumping mare than SO gallons per minute shall be decommissioned in accordance with all applicable statutes, rules and regulations or permanently reduced in capacity so that it is incapable of pumping more than 50 gallons per minute. Except that any irrigation well existing on the Property on the date of this Conservation Easement that was previously used to irrigate other land in addition to the Property may continue to be used to irrigate the other land. Only land previously certified by the District for irrigation by that well maybe imgated. No additional land may ever be irrigated with the well, The pipes, pivot, and any and all other equipment formerly used to irrigate the Property must be permanently removed, detached, or otherwise disabled to the satisfaction of the District. d. Water wells capable of pumping 50 gallons per minute or less individually but in excess of SO gallons per minute collectively may not be clustered or joined nor may the water from such wells be commingled or in any other way combined unless the wells are used as described in Paragraph 2.c. above. e. Water wells capable of pumping 50 gallons per minute or less maybe used to provide water on the Property for (1) household and other domestic uses, or (2) watering range livestock. f. No use of the water from a natural stream, regardless of whether or not a permit for such use is required from the Nebraska Department of Natural Resources ar any 2