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■� <br />- <br />N � <br />0 �� <br />� �� <br />� � <br />0 <br />0 <br />� <br />� <br />�� <br />�� <br />�'` � <br />� � <br />i <br />:� <br />h <br />w <br />� <br />m <br />� <br />� <br />� <br />� <br />(� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� � � <br />� � <. <br />I�► � <br />i <br />s� �•, � <br />� �` <br />� Q� <br />�i <br />�Ja� <br />^� <br />3� <br />D � <br />r - <br />r :-, <br />c'r p �`. <br />O ,• <br />� C -"" <br />m �__ , <br />� <br />� r � <br />--i <br />rn <br />7J <br />O � `;l <br />� r <br />o � <br />n <br />m <br />v <br />� <br />:•.� <br />� �� <br />� � <br />Q C D <br />rn Z --� <br />� � m <br />� O <br />N <br />� <br />� <br />N <br />C.1'l <br />s <br />O Ti <br />� z <br />s rn <br />D W <br />r � <br />r D <br />U� <br />� <br />D <br />[n <br />cn <br />LIMITED LIABILITY PARTNERSHIP WARRANTY DEED <br />Return deed to: Roy Neneman, 1803 Locust Street, Grand Island NE 68801 <br />5500 "L" STREET PROPERTIES CO., L.L.P., a Limited Liability Partnership <br />organized and existing under the laws of the State of Nebraska, GRANTOR, in <br />consideration of One Dollar and other valuable consideration received from <br />GRANTEE, FAR REACH LLC, a Limited Liability Company organized and existing <br />under the laws of the State of Nebraska, conveys to, GRANTEE, the following <br />described real estate (as defined in Neb. Rev. Stat. 76-201): <br />See attached Exhibit A for legal description <br />GRANTOR covenants with GRANTEE that GRANTOR: <br />(1) is lawfully seized of such real estate and that it is free from <br />encumbrances except easements, covenants and restrictions of <br />record; <br />(2) has legal power and lawful authority to convey the same; <br />(3) warrant and will defend title to the real estate against the lawful <br />claims of all persons. <br />GRANTEE covenants with GRANTOR as follows: <br />The Grantor, at its sole and absolute discretion, shall have the right (but not <br />the obligation) to repurchase the real estate if there is a material default on the <br />payment of the promissory note dated September 30, 2009, between Roy's Grand <br />Dodge, Chrysler, Jeep on Locust, L.L.C. and Jim Earp Chrysler-Plymouth, Ltd. which <br />has been assigned to the Shirley L. Earp Revocable Trust, and such default is not <br />cured within ten (10) days after written notice to Grantee. Such right to repurchase <br />may be exercised until the default of the promissory note is cured, the promissory <br />note is paid in full or the Grantor decides to release its right to repurchase. The <br />terms and conditions of the repurchase will be consistent with those stated in the <br />Purchase Agreement between Grantor and Grantee dated November 18, 2011. The <br />Grantee shall not pledge the real estate as collateral without the written consent of <br />Grantor. Grantor hereby consents to the deed of trust from Grantee to Platte Valley <br />State Bank in the amount of $1,600,000.00 and all renewals and extensions thereof. <br />The right to repurchase shall run with the land and shall be a charge and burden on <br />the real estate and shall be binding upon and against Grantee and its successors, <br />assigns, permittees, licensees, lessees, employees and agents. <br />0 <br />N <br />O <br />E"�a <br />F-� <br />O <br />C.� <br />O <br />� <br />aD <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />� <br />/�, ���' <br />� <br />