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EXHIBIT B <br />LEGAL DESCRIPTION OF GRANTOR PARCEL <br />TRACT L• <br />That certain tract or pare-cl of land lucatcd in or ncu the City of Concord, NwnbeT 2 Township. <br />Cabanas County fronting on the western side of Pitts Scholul Road and being more particularly <br />described as follows: <br />13l':GINNIN at an iron pin in the tern murg;n of the paved portion of Pitts <br />Schml Road. Raid point of BEOINN INC Wns in the Southern line ufthe property <br />of Peyton Pharr and Mary Lou Allred (now or J'am,ctly) (Sce'rax Pin #5509.41• <br />5028, and al so see bmd Bmik 1432 at Page 19, Tract 2. wxl DLed Book 1432 at Page <br />21, 'Tract 2). and also W ng d-w Northwestern front corner of the lands o f C. Manley <br />Catidlc, Jr. and wilt, ArmclLe Caudic (now or Formerly) (Sce 'l'ux Pin A5509- 0- <br />63t4: and also we DMeed Book 1179 at Page 283); said point of BE61NNING a14o <br />k4119 SoU(1170.33.44 M.-st 231W No I'mIII the Soul 1w;�strrn front corner al' Peyton <br />Pharr and Mmy Lou Allred which is in the Eastem right of way of Pitts School Rcmdl <br />and runs thence• with a Iine in the p t►exi 1mr1ion of Pitts Sclxwl 11 ood South 07.57.37 <br />Wrest 1232.1 S feet (D an iron pin in the Ii ne 0 f C MS DevelopmentCornpany(now or <br />forms*rly} (Sock Tux 11in 05509-46-1614: and al�w see 1 4d Book 618 at Page 204); <br />thence with the Northern Iine ofCMS lkwelopment Company North 83.07.27 West <br />929,04 fivt to iron pipe, thcncu continuing with the line• ol` CMS Dvvelopmcknt <br />Company the following three (3) calls and distan€cap: (1) )uth 80-22-59 West <br />262.44 fixt to an axle; (2) Worth 67-4346 West 18 1,03 feet to an iron pipe; (3) North <br />18-34.56 W st 512.41 feat 10 tl flirt irt+tt ill 111C 114inthcrn hu (of Peyton Pharr 411W <br />Mary Lou Allred as previously mcntioned, thence with the Sou them line of Peyton <br />floret 11.11d Mary Lou A]Ired the IilIltim'iN9 tvw'o (2) cal Ir.iiixl disLa t4cs: ' ( I ) North 69- <br />23.57 East 247.53 feet to an axle; (2)North 70-33-44 Eaat I537.50to are iron pin the <br />wins uiA Place ttf111,CPINN INC. uixl containing 29.735 ucrvs ni %Ixiwn till bc+tundary <br />survey titled "Boundary Survey of C.M. Roseman. Peyton Pharr and Mary Lou <br />Allrod Properly" pmpared by Concord k:iigine ring and Surveying. Inc., and dated <br />July 31, 1009. to which boundary survey reference its hereby made for a mare <br />particular dcscriptit)n 014* prtxpctty. <br />[ CONT. ON NEXT PAGE ] <br />Page103 <br />