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<br />Fonn No. 1056 (6/87) <br />. At-TA Lqan Polic)I- FGm1 t <br />Schedule B - Part II <br /> <br />SCHEDULE B <br /> <br />PART II <br /> <br />In addition to the matters set forth in Part I of this Schedule, the title to the estate or interest in the land described or referred <br />to in Schedule A is subject to the following matters, if any be shown, but the Company insures that these matters are <br />subordinate to the lien or charge of the insured mortgage upon said estate or interest: <br /> <br />Deed of Trust from John Peroulis and Sons, A Colorado General Partnership and Four Mile Sheep, LLC, A Wyoming <br />Limited Liahility Company to the Puhlic Trustee of Moffat County for the use of The Equitable Life Assurance <br />Society of the Uuited States to secure $2,500,000.00 dated Fehruary 17, 1999 and recorded February 19, 1999 as <br />Reception No. 1999L-691, insofar as said Deed of Trust affects the subject property. <br /> <br />Deed of Trust from John peroulis and Sons, A Colorado General Partnership and Four Mile Sheep, LLC, A Wyoming <br />Limited Liability Company and Breeze Group Iuc., A Colorado Corporation to the Public Trustee of Moffat County <br />for the use of The Equitable Life Assurance Society of the United States to secure $1,600,000.00, dated October 19, <br />2000 and recorded October 23, 2000 as Reception No. 2000L-4287, insofar as said Deed of Trust affects the subject <br />property. <br /> <br />NOTE: Said Deeds of Trust have been subordinated to the Deed of Trust, dated August 1, 2002, recorded August <br />21, 2002 as Reception No. 2002L-3734 by Subordination Agreement recorded August 19, 2002 as Reception No. <br />2002L-3674. <br />