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2oioo7s3c <br />EXHIBIT B <br />PERMITTED ENCUMBRANCES <br />1. Construction Loan in the amount of $1,500,000 made by Harizon Bank <br />2. Loan in the amount of $215,300 made by Horizon Bank <br />3. Loan in the amount of $34,000 made by Mesner Development Co. <br />23 <br />Recapture Deed of Trust and Security Agreement <br />4848-2546-7143.3 <br />