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TRANSNATION TITLE INSURANCE COMPANY <br />Coam:itment No.: 7577087 <br />SCHEDULE B - Continued <br />EXCEPTIONS <br />7. Any and all unpaid taxes and assessments. <br />8. WATER, WATER RIGHTS, CLAIMS OR TITLE TO WATER. <br />9. SUBJECT TO AN EASEMENT FOR INGRESS AND EGRESS, AS SET FORTH IN THE <br />LEGAL DESCRIPTION OF THE DEED RECORDED OCTOBER 1, 1996 IN BOOK <br />2933 AT PAGE 642. <br />10. Any question, dispute or adverse claims as to any loss or gain of <br />land as a result of any change in the river bed location by other <br />than natural causes, or alteration through accretion, reliction, <br />erosion or avulsion of the center thread, bank, channel or flow of <br />waters in the ARKANSAS RIVER lying within subject Land; and any <br />question as to the location of such center thread, bed, bank or <br />channel as a legal description monument or marker for purposes of <br />describing or locating subject lands. <br />NOTE: There are no documents in the land records of the office <br />of the Clerk and Recorder of accurately locating past <br />or present location(s) of the center thread, bank, bed <br />or channel of the above or indicating any alterations <br />of the same as from time to time may have occurred. <br />11. Any rights, interest or easements in favor of-the riparian 'owners; <br />the State of Colorado, the United States of America, or the <br />general Public, which exist, have existed, or are claimed to exist <br />in and over the waters and present and past bed and banks of THE <br />ARKANSAS RIVER. <br />12. RIGHTS OF WAY AND/OR EASEMENTS, AS SET FORTH IN DECLARATION OF <br />EASEMENT RECORDED OCTOBER 27, 1988 IN BOOK 2417 AT PAGE 965. <br />13. RIGHT OF WAY AND/OR EASEMENT, GIVEN TO SOUTHERN COLORADO POWER <br />COMPANY, RECORDED IN BOOK 760 AT PAGE 536. <br />14. RIGHT OF WAY AND/OR EASEMENT, GIVEN TO SOUTHERN COLORADO POWER <br />COMPANY, RECORDED IN BOOK 760 AT PAGE 539. <br />15. RIGHT OF WAY AND/OR EASEMENT, GIVEN TO HOWARD NIX, CHARLES S. <br />SANFORD AND B. A. SHELTON, RECORDED IN BOOK 960 AT PAGE 315. <br />16. RIGHT OF WAY AND/OR EASEMENT AND APPURTENANCES THERETO, GIVEN TO <br />THE EXCELSIOR IRRIGATION COMPANY, RECORDED IN BOOK 266 AT PAGE <br />590. <br />~~~'~ <br />Page 8 <br />