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EXHIBIT B <br />Permitted Exceptions <br />1. Real estate taxes and special assessments payable in the year 2016 and in subsequent <br />years. <br />2. Easements for drainage and utility purposes dedicated on the recorded plat of Natures <br />Edge Business Center Second Addition. <br />The drainage and utility easement along the boundary line between Lots 1 and 2 was <br />vacated by Order Granting Drainage and Utility Vacation dated July 20, 2015, recorded <br />August 21, 2015, as Document No. 808616. <br />3. Electric Transmission Line Easement in favor of United Power Association recorded as <br />Document No. 218302. <br />4. Declaration of Restrictions and Covenants dated May 9, 2002, recorded January 9, 2003, <br />as Document No. 492130. <br />5. Temporary easement for construction proposes in favor of the City of Elk River, as <br />contained in Grant of Easement for Temporary Street Purposes dated December 17, 2014, <br />recorded January 8, 2015, as Document No. 797928. <br />Exhibit B-1 <br />