Common use of Parcel 2 Clause in Contracts

Parcel 2. That part of the Southeast 1⁄4 of the Northeast 1⁄4 of ▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇▇, ▇▇▇▇ of the 5th Principal Meridian, lying Northeasterly of the Northeasterly line of State Trunk Highway Number 55, being bounded on the West by a line described as follows: Beginning at a point in the North line of said Southeast 1⁄4 of the Northeast 1⁄4 distant 353.99 feet West of the Northeast corner of said Southeast 1⁄4 of the Northeast 1⁄4; thence running South 15 degrees 35 minutes West 184.45 feet more or less to a point in the Northerly right-of-way line of State Trunk Highway Number 55; And being bounded on the East by a line described as follows: Beginning at a point in the North line of said Southeast 1⁄4 of the Northeast 1⁄4, 250.15 feet West of the Northeast corner of said Southeast 1⁄4 of the Northeast 1⁄4; thence running South 15 degrees and 35 minutes West 242.31 feet or less to a point in the Northerly right-of-way line of State Trunk Highway Number 55; For the purpose of this description, the North line of said Southeast 1⁄4 of the Northeast 1⁄4 is assumed to be a due East and West line. ALSO: That part of the Southeast 1⁄4 of the Northeast 1⁄4 of Section 35, Township 118, Range 22, described as follows: Commencing at a point on the North line of said Southeast 1⁄4 of the Northeast 1⁄4, distant 146.31 feet West of the Northeast corner of said Southeast 1⁄4 of the Northeast 1⁄4; thence continuing West along said North line 103.84 feet; thence running South 15 degrees 35 minutes West 242.31 feet, more or less to a point in the Northerly right of way line of State Trunk Highway Number 55; thence running Southeasterly along said Northerly right of way line 100 feet; thence running North 15 degrees 35 minutes East 270.15 feet more or less to the point of beginning; EXCEPTING therefrom the Southwesterly 30 feet measured at right angles from the Northeasterly line of Trunk Highway Number 55; For the purpose of this description the North line of said Southeast 1⁄4 of the Northeast 1⁄4 is assumed to be a due East and West line, Hennepin County, Minnesota. Abstract Property.

Appears in 2 contracts

Sources: Mortgage and Security Agreement (Famous Daves of America Inc), Mortgage and Security Agreement (Famous Daves of America Inc)