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200541143 <br />EXHIBIT "B" <br />LEGAL DESCRIPTION <br />LOT 7 AND A PART OF LOT 6, (DEVELOPER TRACT) <br />MARTIN'S 2ND SUBDIVISION <br />A TRACT OF LAND COMPRISED OF ALL OF LOT 7 AND PART OF LOT 6, <br />MARTIN'S 2ND SUBDIVISION, CITY OF GRAND ISLAND, ALL IN THE <br />SOUTHEAST QUARTER OF THE SOUTHEAST QUARTER (SE1 /4, SE1 /4) OF <br />SECTION THIRTEEN (13), TOWNSHIP ELEVEN (11) NORTH, RANGE TEN (10) <br />WEST OF THE 6TH P.M., HALL COUNTY, NEBRASKA, AND MORE <br />PARTICULARLY DESCRIBED AS FOLLOWS: <br />COMMENCING AT THE POINT OF INTERSECTION OF THE SOUTH RIGHT -OF- <br />WAY (R.O.W.) LINE OF WEST NORTH FRONT STREET AND THE WEST R.O.W. <br />LINE OF WEBB ROAD, THENCE ON AN ASSUMED BEARING OF SOI'40'36 "E <br />ALONG SAID WEST R.O.W. LINE OF WEBB ROAD A DISTANCE OF 517.77 FEET <br />TO THE POINT OF BEGINNING; THENCE CONTINUING SO1 °40'36 "E ALONG <br />SAID WEST R.O.W. LINE A DISTANCE OF 644.88 FEET; THENCE S41 003'08 "W A <br />DISTANCE OF 51.02 FEET TO A POINT BEING THE INTERSECTION OF SAID <br />WEST R.O.W. LINE AND THE NORTH R.O.W. LINE OF OLD POTASH <br />HIGHWAY; THENCE S89 °10'52 "W ALONG SAID NORTH R.O.W. LINE A <br />DISTANCE OF 818.73 FEET TO A POINT BEING THE INTERSECTION OF SAID <br />NORTH R.O.W. LINE AND THE EAST R.O.W. LINE OF WILMAR AVENUE; <br />THENCE NO1 °47'41 "W ALONG SAID EAST R.O.W. LINE A DISTANCE OF 570.32 <br />FEET; THENCE N88 °12'19 "E A DISTANCE OF 420.26 FEET; THENCE <br />N09 047'29 "E A DISTANCE OF 100.07 FEET; THENCE N88 012'19 "E A DISTANCE <br />OF 414.28 FEET TO THE POINT OF BEGINNING. <br />SAID TRACT OF LAND CONTAINS A CALCULATED AREA OF 534,097 SQUARE <br />FEET OR 12.261 ACRES MORE OR LESS. <br />UPON RECORDATION OF THE 3RD SUBDIVISION, TO BE KNOWN AS LOT 3, <br />MARTIN'S 3RD SUBDIVISION, CITY OF GRAND ISLAND, COUNTY OF HALL, <br />STATE OF NEBRASKA. <br />(31081.105.2/8/2005 09:05 AM.JEPE.A0191987.DOC;1) <br />P: \DOC S \wdocs \31081 \ 105\A0191987. DOC <br />