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06025 <br />Banks and Gesso. LLC <br />~~~~~~ ~~~~ ~~~~~~~ ~~~~ ~llll ~~~ ~~~~~~~ ~~~ ~~~~~ Illl I'll <br />sees-eDSeTZ De/ax/2aes Da:srv esD sRRR L Roso~ <br />3 of 9 R 40.80 D 0.00 tarnttD trouNfv cl.mK <br />E7INI01T A <br />DESCRIPTION OF OUBJEOT PROPERTY <br />All Ih! earlam real properly totaled N me COUnry Of Grand, Slate M COlOrado, deealDed as tallow4 <br />The following property located in Township 1 North, Range 76 West of the 61h P.M <br />County of Grand, State of Colorado: <br />Section 3: <br />71re SW 1 /4SW 1/4, EXCEPT that portion lying within the Denver and Rio Grande <br />Western Railroad right-of-way; <br />Nlnswl/4; <br />swl/axwl/a. <br />~ Section 4: <br />The 512, EXCEPT that portion located within the Denver and Rio Grande Western <br />Railroad right-of-way; <br />S 1/2N W 1 /4, EXCEPT that portion located within the Denver and Rio Grande Western <br />Railroad right-of-way; <br />SEl/4NE1 /4, EXCEPTS 1 /2 N W 1/4 and the NEI /4 NE t /4 S W 1/4 of Section 4, <br />Tovmship ]North, Rango 76 West of the 6th P.M. lying northerly otthe Denver and Rio <br />Grande Western Railroad right-of--way. <br />Section 5: <br />The SWI/4, EXCEPT SILVERSAGE SUBDIVISION; <br />W 12SE1/4; <br />Lot 5; <br />Lot 6; <br />S 1nNln, EXCEPT that portion located within the Denver and Rio Grande Weslem <br />Railroad right-of-way. <br />Section 6: <br />That portion of the S ]nNEI/4 located east of Highway 4D; <br />That portion of the N 1/2SEI/4 located cast of Highway 40 and north of (1) the <br />SILVERSAGE SUBDIVISION, and (2) the tract of land conveyed by SilverCreek <br />Development Company to Teddy Gene Kellner by the Warranty Deed recorded in the <br />real pmperty records of Grand Cowty, Co]orado on January 6, 1987, in Book 410 at <br />Page 642. <br />Section 7 (Entrance Parcel): <br />That portion of the NEl/45E1/4 lying Easterly of Highway 40, EXCEPT (I) 7HE INN <br />AT SILVERCREEK SUBDIVISION, and (2) that portion lying north of the property <br />to <br />Granby Realty Holdings, LLC September 25, 2006 <br />Ovedook Mine Page 23 <br />