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<br /> <br />EXHIBIT B <br /> <br />Permitted Encumbrances <br /> <br /> <br /> <br />1)That certain \[mortgage\] in the amount of $_____ from Scott Morrell, LLC, and for the <br />benefit of The Bank of Elk River dated _______________, recorded in the Office of the <br />Sherburne County Recorder/Registrar of Titles on ________________, 20___, as <br />Document No. ________________. <br /> <br /> <br />2)That certain \[Lease to Morrell Oversize\]. <br />B-1 <br />464431v2 EL185-33 <br />