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EXHIBIT B
<br /> Permitted Encumbrances
<br /> I. The boundary lines of the property are shown upon the Certificate of Survey dated
<br /> May 10, 1993, filed herein and evidenced upon the property by the placement and
<br /> location of Judicial Landmarks. (Per Recital on Certificate of Title.) (Lot 2)
<br /> 2. Subject to utility and drainage easement as shown on the plat of Elk Park Center.
<br /> (Per Recital on Certificate of Title.) (Lots 1. and 2)
<br /> 3. Subject to all rights of access, being the right of ingress and egress from Trunk
<br /> Highway No. 169, as contained in Final Certificate recorded as Sherburne County
<br /> Recorder Document No. 104028 as to Lots 1, 2 and 3, Block 4, Elk Park Center.
<br /> (Per Recital on Certificate of Title.) (Lots I and 2)
<br /> 4. Terms and conditions of a Developer Agreement by and between Elk Park Center
<br /> Limited Partnership and the City of Elk River dated May 4, 1994, filed May 19,
<br /> 1994, as Document No. T16613. (Lots 1 and 2)
<br /> 5. Terms and conditions of a Planned Unit Development Agreement by and between
<br /> the Elk Park Center Limited Partnership and the City of Elk River dated May 4,
<br /> 1994, filed May 19, 1994, as Document No. T16614. (Lots 1 and 2)
<br /> 6. Terms and conditions of an Operation and Easement Agreement between Dayton
<br /> Hudson Corporation and the Elk Park Center Limited Partnership, dated May 2,
<br /> 1994, filed May 19, 1994, as Document No. T16618, as amended by that certain
<br /> Restatement of Operation and Easement Agreement dated September 22, 1994,
<br /> filed December 22, 1994 as Document No. T17293; as further amended by that
<br /> certain Declaration Amending Operation and Easement Agreement dated March
<br /> 1, 1995, filed March 17, 1995, as Document No. T17482. (Lots 1 and 2)
<br /> 7. Terms and conditions of Order Granting Conditional Use, dated November 8,
<br /> 1994, filed December 22, 1994, as Document No. 17291. (Lot 1)
<br /> 8. Terms and conditions of Declaration of Restrictions, dated October 30, 1994, filed
<br /> December 22, 1994, as Document No. 17924. (Lot 1)
<br /> 9. Terms and conditions of Declaration of Restrictive Covenant (Fashion Bug) dated
<br /> August 9, 1995, filed September 21, 1995, as Document No. T18112; as
<br /> consented to by a Joinder and Consent Agreement dated October 31, 1995, filed
<br /> November 27, 1995, as Document No. T18378. (Lot 2)
<br /> 10. Terms and Conditions of Order Granting Conditional Use, dated June 13, 2011,
<br /> filed July 11, 2011 as Document No. 46061. (Lot 2)
<br /> 385595v2 iSB al 85-12
<br /> B-2
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