EX-4.01

Vice President

EX-4.01 2 d787588dex401.htm EX-4.01 EX-4.01

Exhibit 4.01

SUPPLEMENTAL TRUST INDENTURE

FROM

NORTHERN STATES POWER COMPANY

(A MINNESOTA CORPORATION)

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

DATED SEPTEMBER 1, 2019

SUPPLEMENTAL TO TRUST INDENTURE

DATED FEBRUARY 1, 1937

AND

SUPPLEMENTAL AND RESTATED

TRUST INDENTURE

DATED MAY 1, 1988

TABLE OF CONTENTS


					Page
ARTICLE I. SPECIFIC SUBJECTION OF ADDITIONAL PROPERTY TO THE LIEN OF THE INDENTURE					10

SECTION 1.01					10

ARTICLE II. FORM AND EXECUTION OF SERIES 2050 BONDS					11

SECTION 2.01					11
SECTION 2.02					13
SECTION 2.03					15
SECTION 2.04					15
SECTION 2.05					15
SECTION 2.06					15

ARTICLE III. APPOINTMENT OF AUTHENTICATING AGENT					18

SECTION 3.01					18
SECTION 3.02					18
SECTION 3.03					19
SECTION 3.04					20

ARTICLE IV. FINANCING STATEMENT TO COMPLY WITH THE UNIFORM COMMERCIAL CODE					20

SECTION 4.01					20
SECTION 4.02					20
SECTION 4.03					21
SECTION 4.04					21
SECTION 4.05					21
SECTION 4.06					23

ARTICLE V. MISCELLANEOUS					23

SECTION 5.01					23
SECTION 5.02					23
SECTION 5.03					23
SECTION 5.04					24
SECTION 5.05					24
SECTION 5.06					24
SECTION 5.07					24

-i-

Supplemental Trust Indenture, made effective as of the 1^st day of September, 2019, by and between NORTHERN STATES POWER COMPANY (formerly Northern Power Corporation), a corporation duly organized and existing under and by virtue of the laws of the State of Minnesota, having its principal office in the City of Minneapolis, Minnesota (the “Company”), party of the first part, and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association organized and existing under and by virtue of the laws of the United States, having a corporate trust office in the City of Chicago, Illinois (as successor trustee to Harris Trust and Savings Bank and BNY Midwest Trust Company), as trustee (the “Trustee”), party of the second part;

WITNESSETH:

WHEREAS, a predecessor in interest to the Company, Xcel Energy Inc. (formerly Northern States Power Company), a corporation duly organized and existing under and by virtue of the laws of the State of Minnesota (the “Predecessor Company”) has heretofore executed and delivered to the Trustee its Trust Indenture (the “1937 Indenture”), made as of February 1, 1937, whereby the Predecessor Company granted, bargained, sold, warranted, released, conveyed, assigned, transferred, mortgaged, pledged, set over and confirmed to the Trustee and to its respective successors in trust, all property, real, personal and mixed then-owned or thereafter acquired or to be acquired by the Predecessor Company (except as therein excepted from the lien thereof) and subject to the rights reserved by the Predecessor Company in and by the provisions of the 1937 Indenture, to be held by said Trustee in trust in accordance with the provisions of the 1937 Indenture for the equal pro rata benefit and security of all and each of the bonds issued and to be issued thereunder in accordance with the provisions thereof; and

WHEREAS, the Predecessor Company heretofore has executed and delivered to the Trustee a Supplemental Trust Indenture, made as of June 1, 1942, whereby the Predecessor Company conveyed, assigned, transferred, mortgaged, pledged, set over and confirmed to the Trustee, and its respective successors in said trust, additional property acquired by it subsequent to the date of the 1937 Indenture; and

WHEREAS, the Predecessor Company heretofore has executed and delivered to the Trustee the following additional Supplemental Trust Indentures which, in addition to conveying, assigning, transferring, mortgaging, pledging, setting over and confirming to the Trustee, and its respective successors in said trust, additional property acquired by it subsequent to the preparation of the next preceding Supplemental Trust Indenture and adding to the covenants, conditions and agreements of the 1937 Indenture certain additional covenants, conditions and agreements to be observed by the Predecessor Company, created the following series of First Mortgage Bonds:


Date of Supplemental Trust Indenture		Designation of Series
February 1, 1944		Series due February 1, 1974 (retired)
October 1, 1945		Series due October 1, 1975 (retired)
July 1, 1948		Series due July 1, 1978 (retired)
August 1, 1949		Series due August 1, 1979 (retired)
June 1, 1952		Series due June 1, 1982 (retired)

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Date of Supplemental Trust Indenture		Designation of Series
October 1, 1954		Series due October 1, 1984 (retired)
September 1, 1956		Series due 1986 (retired)
August 1, 1957		Series due August 1, 1987 (redeemed)
July 1, 1958		Series due July 1, 1988 (retired)
December 1, 1960		Series due December 1, 1990 (retired)
August 1, 1961		Series due August 1, 1991 (retired)
June 1, 1962		Series due June 1, 1992 (retired)
September 1, 1963		Series due September 1, 1993 (retired)
August 1, 1966		Series due August 1, 1996 (redeemed)
June 1, 1967		Series due June 1, 1995 (redeemed)
October 1, 1967		Series due October 1, 1997 (redeemed)
May 1, 1968		Series due May 1, 1998 (redeemed)
October 1, 1969		Series due October 1, 1999 (redeemed)
February 1, 1971		Series due March 1, 2001 (redeemed)
May 1, 1971		Series due June 1, 2001 (redeemed)
February 1, 1972		Series due March 1, 2002 (redeemed)
January 1, 1973		Series due February 1, 2003 (redeemed)
January 1, 1974		Series due January 1, 2004 (redeemed)
September 1, 1974		Pollution Control Series A (redeemed)
April 1, 1975		Pollution Control Series B (redeemed)
May 1, 1975		Series due May 1, 2005 (redeemed)
March 1, 1976		Pollution Control Series C (retired)
June 1, 1981		Pollution Control Series D, E and F (redeemed)
December 1, 1981		Series due December 1, 2011 (redeemed)
May 1, 1983		Series due May 1, 2013 (redeemed)
December 1, 1983		Pollution Control Series G (redeemed)
September 1, 1984		Pollution Control Series H (redeemed)
December 1, 1984		Resource Recovery Series I (redeemed)
May 1, 1985		Series due June 1, 2015 (redeemed)
September 1, 1985		Pollution Control Series J, K and L (redeemed)
July 1, 1989		Series due July 1, 2019 (redeemed)
June 1, 1990		Series due June 1, 2020 (redeemed)
October 1, 1992		Series due October 1, 1997 (retired)
April 1, 1993		Series due April 1, 2003 (retired)
December 1, 1993		Series due December 1, 2000 (retired), and
		December 1, 2005 (retired)
February 1, 1994		Series due February 1, 1999 (retired)
October 1, 1994		Series due October 1, 2001 (retired)
June 1, 1995		Series due July 1, 2025
April 1, 1997		Pollution Control Series M (redeemed), N (redeemed), O (redeemed) and P (redeemed)
March 1, 1998		Series due March 1, 2003 (retired), and March 1, 2028
May 1, 1999		Resource Recovery Series Q (retired)
June 1, 2000		Resource Recovery Series R (retired); and

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WHEREAS, on August 18, 2000, New Centuries Energies, Inc. was merged with and into the Predecessor Company and the Predecessor Company changed its corporate name from Northern States Power Company to Xcel Energy Inc.; and

WHEREAS, pursuant to an Assignment and Assumption Agreement dated as of August 18, 2000 between the Predecessor Company and the Company, substantially all the assets of the Predecessor Company (other than the stock of the Predecessor Company’s subsidiaries) were conveyed to, and substantially all the liabilities of the Predecessor Company, including liabilities created under the Indenture (as hereinafter defined), were assumed by, the Company (the “Assignment”); and

WHEREAS, pursuant to the Supplemental Trust Indenture dated as of August 1, 2000 among the Predecessor Company, the Company and Harris Trust and Savings Bank, as trustee, the requirements and conditions precedent set forth in the Original Indenture and the Restated Indenture (each as hereinafter defined) with respect to the Assignment were satisfied; and

WHEREAS, the Company heretofore has executed and delivered to the Trustee the following additional Supplemental Trust Indentures, which, in addition to conveying, assigning, transferring, mortgaging, pledging, setting over and confirming to the Trustee, and its respective successors in said trust, additional property acquired by it (or, as the case may be, the Predecessor Company) subsequent to the preparation of the next preceding Supplemental Trust Indenture and adding to the covenants, conditions and agreements of the 1937 Indenture certain additional covenants, conditions and agreements to be observed by the Company, created the following series of First Mortgage Bonds:


Date of Supplemental Trust Indenture		Designation of Series
June 1, 2002		Series due August 15, 2003 (retired)
July 1, 2002		Pollution Control Series S (redeemed)
August 1, 2002		Series A and Series B due August 28, 2012 (retired)
May 1, 2003		Series due 2004, extendible through 2006 (retired)
August 1, 2003		Series due August 1, 2006 (retired) and Series due August 1, 2010 (retired)
July 1, 2005		Series due July 15, 2035
May 1, 2006		Series due June 1, 2036
June 1, 2007		Series due July 1, 2037
March 1, 2008		Series due March 1, 2018 (redeemed)
November 1, 2009		Series due November 1, 2039
August 1, 2010		Series due August 15, 2015 (retired) and Series due August 15, 2040
August 1, 2012		Series due August 15, 2022 and Series due August 15, 2042
May 1, 2013		Series due May 15, 2023
May 1, 2014		Series due May 15, 2044
August 1, 2015		Series due August 15, 2020 and Series due August 15, 2045
May 1, 2016		Series due May 15, 2046
September 1, 2017		Series due September 15, 2047

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WHEREAS, the 1937 Indenture and all of the foregoing Supplemental Trust Indentures are referred to herein collectively as the “Original Indenture”; and

WHEREAS, the Predecessor Company heretofore has executed and delivered to the Trustee a Supplemental and Restated Trust Indenture, dated May 1, 1988 which was recorded in the property records in various counties as set forth in Schedule B attached hereto (the “Restated Indenture”), which, in addition to conveying, assigning, transferring, mortgaging, pledging, setting over and confirming to the Trustee, and its respective successors in said trust, additional property acquired by it subsequent to the preparation of the next preceding Supplemental Trust Indenture, amended and restated the Original Indenture (except for those Supplemental Trust Indentures executed after May 1, 1988); and

WHEREAS, the Restated Indenture became effective and operative on July 20, 2005; and

WHEREAS, the Original Indenture, the Restated Indenture and all trust indentures supplemental thereto are referred to herein collectively as the “Indenture”; and

WHEREAS, pursuant to the Agreement of Resignation, Appointment and Acceptance dated as of May 1, 2002 among the Company, BNY Midwest Trust Company, as successor trustee, and Harris Trust and Savings Bank, BNY Midwest Trust Company accepted the rights, powers, duties and obligations of the trustee under the Indenture effective as of May 9, 2002; and

WHEREAS, pursuant to the Transfer and Assumption Agreement dated as of January 1, 2007 between BNY Midwest Trust Company and The Bank of New York Trust Company, N.A. (currently known as The Bank of New York Mellon Trust Company, N.A.), The Bank of New York Trust Company, N.A. accepted the rights, titles and interests of the trustee under the Indenture effective as of January 1, 2007; and

WHEREAS, the Indenture provides that bonds may be issued thereunder in one or more series, each series to have such distinctive designation as the Board of Directors of the Company may select for such series; and

WHEREAS, the Company is desirous of providing for the creation of a new series of First Mortgage Bonds, said new series of bonds to be designated “First Mortgage Bonds, Series due March 1, 2050” the bonds of such series to be issued as registered bonds without coupons in denominations of a multiple of $2,000 and integral multiples of $1,000 in excess thereof, and the bonds of such series to be substantially in the form and of the tenor following with the redemption prices inserted therein in conformity with the provisions of Section 2.02 hereof, to-wit:

(Form of Bonds of Series due March 1, 2050)

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NORTHERN STATES POWER COMPANY

(Incorporated under the laws of the State of Minnesota)

First Mortgage Bond

Series due March 1, 2050


No. ____________________		$________________

[Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation, to the Company or its agent for registration of transfer, exchange or payment, and any certificate issued is registered in the name of Cede & Co. or such other name as is requested by an authorized representative of The Depository Trust Company (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of The Depository Trust Company), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an interest herein.]^*

NORTHERN STATES POWER COMPANY, a corporation organized and existing under the laws of the State of Minnesota (the “Company”), for value received, hereby promises to pay to Cede & Co. or its registered assigns, at the office of the Trustee, in the City of Chicago, Illinois, or, at the option of the registered owner, at the agency of the Company in the Borough of Manhattan, City and State of New York, an amount equal to [_____________] Dollars in lawful money of the United States of America, on the 1^st day of March, 2050 and to pay interest hereon from the date hereof at the rate of 2.90% percent per annum, in like money, until the Company’s obligation with respect to the payment of such principal sum shall be discharged; said interest being payable at the option of the person entitled to such interest either at the office of the Trustee, in Chicago, Illinois, or at the agency of the Company in the Borough of Manhattan, City and State of New York, on the 1^st day of March and on the 1^st day of September in each year, commencing on March 1, 2020 provided that as long as there is no existing default in the payment of interest and except for the payment of defaulted interest, the interest payable on any March 1 or September 1 will be paid to the person in whose name this bond was registered at the close of business on the record date (the February 15 prior to such March 1 or the August 15 prior to such September 1 (whether or not a business day)). If any interest payment date or date on which the principal of this bond is required to be paid is not a business day, then payment of principal, premium or interest need not be made on such date but may be made on the next succeeding business day with the same force and effect as if made on such interest payment date or date on which the principal of this bond is required to be paid and, in the case of timely payment thereof, no interest shall accrue for the period from and after such interest payment date or the date on which the principal of this bond is required to be paid. The term “business day” shall mean any day other than a Saturday or Sunday or a day on which the offices of the Trustee in the City of Chicago, Illinois, are closed pursuant to authorization of law.

^*	This legend to be included if the bonds are issued as a global bond in book-entry form.

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[EXCEPT UNDER THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, THIS GLOBAL BOND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE REGISTERED DEPOSITORY OR BY A NOMINEE OF THE REGISTERED DEPOSITORY TO THE REGISTERED DEPOSITORY, ANOTHER NOMINEE OF THE REGISTERED DEPOSITORY, A SUCCESSOR OF THE REGISTERED DEPOSITORY OR A NOMINEE OF SUCH SUCCESSOR.] ^*

This bond is one of a duly authorized issue of bonds of the Company, of the series and designation indicated on the face hereof, which issue of bonds consists, or may consist, of several series of varying denominations, dates and tenor, all issued and to be issued under and equally secured (except insofar as a sinking fund, or similar fund, established in accordance with the provisions of the Indenture may afford additional security for the bonds of any specific series) by a Trust Indenture dated February 1, 1937 (the “1937 Indenture”), as supplemented by 67 supplemental trust indentures (collectively, the “Supplemental Indentures”), a Supplemental and Restated Trust Indenture dated May 1, 1988 (the “Restated Indenture”) and a new supplemental trust indenture for the bonds of this series (the “Supplemental Trust Indenture”), executed by the Company to THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. (as successor trustee to Harris Trust and Savings Bank and BNY Midwest Trust Company), as trustee (the “Trustee”). The 1937 Indenture, as supplemented by the Supplemental Indentures, the Restated Indenture and the Supplemental Trust Indenture, is referred to herein as the “Indenture.” The Restated Indenture amends and restates the 1937 Indenture and certain of the Supplemental Indentures and became effective and operative on July 20, 2005. Reference hereby is made to the Indenture for a description of the property mortgaged and pledged, the nature and extent of the security, the rights of the holders of the bonds as to such security and the terms and conditions upon which the bonds may be issued under the Indenture and are secured. The principal hereof may be declared or may become due on the conditions, in the manner and at the time set forth in the Indenture upon the happening of a default as provided in the Indenture.

With the consent of the Company and to the extent permitted by and as provided in the Indenture, the rights and obligations of the Company and of the holders of the bonds and the terms and provisions of the Indenture and of any instruments supplemental thereto may be modified or altered by affirmative vote of the holders of at least 66 2/3% in principal amount of the bonds then outstanding under the Indenture and any instruments supplemental thereto (excluding bonds challenged and disqualified from voting by reason of the Company’s interest therein as provided in the Indenture); provided that without the consent of all holders of all bonds affected no such modification or alteration shall permit the extension of the maturity of the principal of any bond or the reduction in the rate of interest thereon or any other modification in the terms of payment of such principal or interest.

The Company and the Trustee may deem and treat the person in whose name this bond is registered as the absolute owner hereof for the purpose of receiving payment and for all other purposes and shall not be affected by any notice to the contrary.

^*	This legend to be included if the bonds are issued as a global bond in book-entry form.

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At any time prior to September 1, 2049 (which is the date that is six months prior to maturity of the bonds of this series (the “Par Call Date”)), the Company may redeem the bonds of this series, in whole or in part, at a redemption price equal to the greater of (i) 100% of the principal amount of such bonds of this series being redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the bonds of this series being redeemed that would be due if such bonds matured on the Par Call Date (excluding the portion of any such accrued and unpaid interest to but excluding the date fixed for redemption), discounted to but excluding the date fixed for redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus 20 basis points plus, in each case, accrued and unpaid interest thereon to but excluding the date fixed for redemption. At any time on or after the Par Call Date, the Company may redeem, in whole or in part, the bonds of this series at 100% of the principal amount of such bonds being redeemed plus accrued and unpaid interest thereon to but excluding the date fixed for redemption.

“Comparable Treasury Issue” means the U.S. Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the bonds of this series being redeemed (assuming, for this purpose, that the bonds of this series matured on the Par Call Date) that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the bonds of this series being redeemed.

“Comparable Treasury Price” means with respect to any redemption date of the bonds of this series (i) the average of the Reference Treasury Dealer Quotations for the date fixed for redemption, after excluding the highest and lowest of such Reference Treasury Dealer Quotations for such date fixed for redemption, or (ii) if the Independent Investment Banker obtains fewer than four of such Reference Treasury Dealer Quotations for the date fixed for redemption, the average of all of such Reference Treasury Dealer Quotations for the date fixed for redemption.

“Independent Investment Banker” means one of the Reference Treasury Dealers or their respective successors or, if such firms or their respective successors are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Company.

“Primary Treasury Dealer” means any primary U.S. Government securities dealer in the United States.

“Reference Treasury Dealer” means (1) each of J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, and a Primary Treasury Dealer selected by CIBC World Markets Corp. and any other Primary Treasury Dealer designated by, and not affiliated with CIBC World Markets Corp., J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC, or their respective affiliates or successors, provided, however that if any of the foregoing, or any of their respective designees, ceases to be a Primary Treasury Dealer, the Company will appoint another Primary Treasury Dealer as a substitute and (2) any other Primary Treasury Dealer selected by the Company after consultation with an Independent Investment Banker.

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“Reference Treasury Dealer Quotations” means, for any Reference Treasury Dealer and any date fixed for redemption, the average, as determined by an Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to an Independent Investment Banker by the Reference Treasury Dealer at 5:00 p.m., Eastern time, on the third business day preceding the date fixed for redemption.

“Treasury Rate” means, with respect to any date fixed for redemption, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such date fixed for redemption. The Treasury Rate will be calculated on the third business day preceding the date fixed for redemption.

Bonds of this series are not subject to a sinking fund.

This bond is transferable as prescribed in the Indenture by the registered owner hereof in person, or by his duly authorized attorney, at the office of the Trustee in the City of Chicago, Illinois, or at the option of the owner at the agency of the Company in the Borough of Manhattan, City and State of New York, or elsewhere if authorized by the Company, upon surrender and cancellation of this bond, and thereupon a new bond or bonds of the same series and of a like aggregate principal amount will be issued to the transferee in exchange therefor as provided in the Indenture, upon payment of taxes or other governmental charges, if any, that may be imposed in relation thereto.

Bonds of this series are interchangeable as to denominations in the manner and upon the conditions prescribed in the Indenture.

No charge shall be made by the Company for any exchange or transfer of bonds of this series, other than for taxes or other governmental charges, if any, that may be imposed in relation thereto.

The Company shall not be required to issue, transfer or exchange any bond of this series during a period of 10 days immediately preceding any selection of bonds of this series to be redeemed. The Company shall not be required to transfer or exchange any bond of this series called or being called for redemption in its entirety or to transfer or exchange the called portion of a bond of this series which has been called for partial redemption.

No recourse shall be had for the payment of the principal of or the interest on this bond, or any part thereof, or of any claim based hereon or in respect hereof or of said Indenture, against any incorporator, or any past, present or future shareholder, officer or director of the Company or of any predecessor or successor corporation, either directly or through the Company, or through any such predecessor or successor corporation, or through any receiver or a trustee in bankruptcy, whether by virtue of any constitution, statute or rule of law or by the enforcement of any assessment or penalty or otherwise, all such liability being, by the acceptance hereof and as part of the consideration for the issue hereof, expressly waived and released, as more fully provided in the Indenture.

This bond shall not be valid or become obligatory for any purpose unless and until the certificate of authentication hereon shall have been signed by or on behalf of The Bank of New York Mellon Trust Company, N.A. (as successor trustee to Harris Trust and Savings Bank and BNY Midwest Trust Company), as Trustee under the Indenture, or its successor thereunder.

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IN WITNESS WHEREOF, NORTHERN STATES POWER COMPANY has caused this bond to be executed in its name by its President or a Vice President and its corporate seal, or a facsimile thereof, to be hereto affixed and attested by its Secretary or an Assistant Secretary.


Dated:				NORTHERN STATES POWER COMPANY

(Form of Trustee’s Certificate)

This bond is one of the bonds of the Series designated thereon, described in the within-mentioned Indenture.


THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee

By:
		Authorized Officer

Dated:

and

WHEREAS, the Company is desirous of conveying, assigning, transferring, mortgaging, pledging, setting over and confirming to the Trustee and to its respective successors in trust, additional property acquired by it subsequent to the date of the preparation of the Supplemental Trust Indenture dated as of September 1, 2017; and

WHEREAS, the Indenture provides in substance that the Company and the Trustee may enter into indentures supplemental thereto for the purposes, among others, of creating and setting forth the particulars of any new series of bonds and of providing the terms and conditions of the issue of the bonds of any series not expressly provided for in the Indenture and of conveying, assigning, transferring, mortgaging, pledging, setting over and confirming to the Trustee additional property of the Company, and for any other purpose not inconsistent with the terms of the Indenture; and

WHEREAS, the execution and delivery of this Supplemental Trust Indenture have been duly authorized by a resolution adopted by the Board of Directors of the Company; and

WHEREAS, the Trustee has duly determined to execute this Supplemental Trust Indenture and to be bound, insofar as it may lawfully do so, by the provisions hereof;

- 9 -

Now, THEREFORE, Northern States Power Company, in consideration of the premises and of one dollar duly paid to it by the Trustee at or before the ensealing and delivery of these presents, the receipt of which is hereby acknowledged, and other good and valuable considerations, does hereby covenant and agree to and with The Bank of New York Mellon Trust Company, N.A. (as successor trustee to Harris Trust and Savings Bank and BNY Midwest Trust Company), as Trustee, and its successors in the trust under the Indenture for the benefit of those who hold or shall hold the bonds, or any of them, issued or to be issued thereunder, as follows:

ARTICLE I.

SPECIFIC SUBJECTION OF ADDITIONAL PROPERTY

TO THE LIEN OF THE INDENTURE

SECTION 1.01. The Company, in order to better secure the payment, of both the principal and interest, of all bonds of the Company at any time outstanding under the Indenture according to their tenor and effect and the performance of and compliance with the covenants and conditions contained in the Indenture, has granted, bargained, sold, warranted, released, conveyed, assigned, transferred, mortgaged, pledged, set over and confirmed, and by these presents does grant, bargain, sell, warrant, release, convey, assign, transfer, mortgage, pledge, set over and confirm, to the Trustee and to its respective successors in said trust forever, subject to the rights reserved by the Company in and by the provisions of the Indenture, all of the property described and mentioned or enumerated in the schedule annexed hereto and marked Schedule A, reference to said schedule being made hereby with the same force and effect as if the same were incorporated herein at length; together with all and singular the tenements, hereditaments and appurtenances belonging and in any way appertaining to the aforesaid property or any part thereof with the reversion and reversions, remainder and remainders, tolls, rents and revenues, issues, income, products and profits thereof;

Also, in order to subject the personal property and chattels of the Company to the lien of the Indenture and to conform with the provisions of the Uniform Commercial Code, all fossil, nuclear, hydro and other electric generating plants, including buildings and other structures, turbines, generators, exciters, boilers, reactors, nuclear fuel, other boiler plant equipment, condensing equipment and all other generating equipment; substations; electric transmission and distribution systems, including structures, poles, towers, fixtures, conduits, insulators, wires, cables, transformers, services and meters; steam heating mains and equipment; gas transmission and distribution systems, including structures, storage facilities, mains, compressor stations, purifier stations, pressure holders, governors, services and meters; telephone plant and related distribution systems; trucks and trailers; office, shop and other buildings and structures, furniture and equipment; apparatus and equipment of all other kinds and descriptions; materials and supplies; all municipal and other franchises, leaseholds, licenses, permits, privileges, patents and patent rights; all shares of stock, bonds, evidences of indebtedness, contracts, claims, accounts receivable, choses in action and other intangibles, all books of account and other corporate records;

Excluding, however, all merchandise and appliances heretofore or hereafter acquired for the purpose of sale to customers and others;

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All the estate, right, title, interest and claim, whatsoever, at law as well as in equity, which the Company now has or hereafter may acquire in and to the aforesaid property and every part and parcel thereof subject, however, to the right of the Company, upon the occurrence and continuation of a Completed Default as defined in the Indenture, to retain in its possession all shares of stock, notes, evidences of indebtedness, other securities and cash not expressly required by the provisions hereof to be deposited with the Trustee, to retain in its possession all contracts, bills and accounts receivable, motor cars, any stock of goods, wares and merchandise, equipment or supplies acquired for the purpose of consumption in the operation, construction or repair of any of the properties of the Company, and to sell, exchange, pledge, hypothecate or otherwise dispose of any or all of such property so retained in its possession, free from the lien of the Indenture, without permission or hindrance on the part of the Trustee, or any of the bondholders. No person in any dealings with the Company in respect of any such property shall be charged with any notice or knowledge of any such Completed Default under the Indenture while the Company is in possession of such property. Nothing contained herein or in the Indenture shall be deemed or construed to require the deposit with, or delivery to, the Trustee of any of such property, except such as is specifically required to be deposited with the Trustee by some express provision of the Indenture;

To have and to hold all said property, real, personal and mixed, granted, bargained, sold, warranted, released, conveyed, assigned, transferred, mortgaged, pledged, set over or confirmed by the Company as aforesaid, or intended so to be, to the Trustee and its successors and assigns forever, subject, however, to Permitted Encumbrances and to the further reservations, covenants, conditions, uses and trusts set forth in the Indenture; in trust nevertheless for the same purposes and upon the same conditions as are set forth in the Indenture.

ARTICLE II.

FORM AND EXECUTION OF SERIES 2050 BONDS

SECTION 2.01. There is hereby created, for issuance under the Indenture, a series of bonds designated Series due March 1, 2050, which shall bear the descriptive title “First Mortgage Bonds, Series due March 1, 2050,” (such bonds, the “Series 2050 Bonds”) and the form thereof shall contain suitable provisions with respect to the matters hereafter specified in this Section. The Series 2050 Bonds may forthwith be executed by the Company substantially in the form set forth in the recitals, including the relevant provisions as indicated therein, and delivered to the Trustee for authentication and delivery by the Trustee in accordance with the provisions of the Indenture and this Supplemental Trust Indenture. The Series 2050 Bonds shall initially be authenticated and delivered in the aggregate principal amount of $600,000,000. The Series 2050 Bonds may be reopened and additional bonds of said series may be issued in excess of the amount initially authenticated and delivered, provided that such additional bonds of said series will contain the same terms (including the maturity date and interest payment terms), except for the price to the public and the issue date, and, if applicable, except for the initial interest payment date and initial interest accrual date, as the other Series 2050 Bonds. Any such additional Series 2050 Bonds, together with the Series 2050 Bonds initially authenticated, shall constitute a single series for purposes of the Indenture and shall be limited to an aggregate principal amount of $1,000,000,000. The Series 2050 Bonds shall mature on March 1, 2050, and shall be issued as registered bonds without coupons in denominations of $2,000, and integral multiples of $1,000 in excess thereof. The Series 2050 Bonds shall bear interest at a rate of

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2.90% per annum on the principal amount thereof payable semi-annually on March 1 and September 1 of each year, commencing on March 1, 2020, and the principal shall be payable at the office of the Trustee in the City of Chicago, Illinois, or at the option of the registered owner at the agency of the Company in the Borough of Manhattan, City and State of New York, in lawful money of the United States of America, and the interest shall be payable in like money at the option of the person entitled to such interest either at said office of the Trustee in the City of Chicago, Illinois, or at the agency of the Company in the Borough of Manhattan, City and State of New York. Interest on the Series 2050 Bonds shall be calculated on the basis of a 360-day year consisting of twelve 30-day months. If any interest payment date or date on which the principal of this bond is required to be paid is not a business day, then payment of principal, premium or interest need not be made on such date but may be made on the next succeeding business day with the same force and effect as if made on such interest payment date or date on which the principal of this bond is required to be paid and, in the case of timely payment thereof, no interest shall accrue for the period from and after such interest payment date or the date on which the principal of this bond is required to be paid. The Series 2050 Bonds shall be dated as of the date of authentication thereof by the Trustee. The term “business day” shall mean any day other than a Saturday or Sunday or a day on which the offices of the Trustee in the City of Chicago, Illinois, are closed pursuant to authorization of law.

As long as there is no existing default in the payment of interest on the Series 2050 Bonds, the person in whose name any Series 2050 Bond is registered at the close of business on any Record Date with respect to any interest payment date shall be entitled to receive the interest payable on such interest payment date notwithstanding any transfer or exchange of any such Series 2050 Bond subsequent to the Record Date and on or prior to such interest payment date, except as and to the extent the Company shall default in the payment of the interest due on such interest payment date, in which case such defaulted interest shall be paid to the person in whose name such Series 2050 Bond is registered on the Special Record Date for the payment of such defaulted interest to be fixed by the Trustee, notice thereof shall be given to the registered holder of any Series 2050 Bond not less than 10 days prior to such Special Record Date, or may be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Series 2050 Bond may be listed, and upon such notice as may be required by such exchange.

The term “Record Date” as used in this Section 2.01 with respect to any interest payment date (March 1 or September 1) shall mean the February 15 prior to such March 1 or the August 15 prior to such September 1 (whether or not a business day).

As used in this Section 2.01, the term “default in the payment of interest” means failure to pay interest on the applicable interest payment date disregarding any period of grace permitted by the Indenture.

The “Special Record Date” as used in this Section 2.01 shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of defaulted interest proposed to be paid on each Series 2050 Bond and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such defaulted interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed

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payment, such money when deposited to be held in trust for the benefit of the persons entitled to such defaulted interest as provided in this Section 2.01. Thereupon the Trustee shall fix a Special Record Date for the payment of such defaulted interest which shall be not more than 15 nor less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such defaulted interest and the Special Record Date therefor to be mailed, first class postage prepaid, to each holder of the Series 2050 Bonds, at his, her or its address as it appears in the bond register, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such defaulted interest and the Special Record Date therefor having been mailed as aforesaid, such defaulted interest shall be paid to the persons in whose names the Series 2050 Bonds are registered on such Special Record Date and shall not be payable pursuant to the paragraph immediately following in this Section 2.01.

The Company may make payment of any defaulted interest in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Series 2050 Bonds may be listed, and upon such notice as may be required by such exchange, if, after notice is given by the Company to the Trustee of the proposed payment pursuant to this Section 2.01, such payment shall be deemed practicable by the Trustee.

SECTION 2.02. At any time prior to September 1, 2049 (which is the date that is six months prior to maturity of the Series 2050 Bonds (the “Par Call Date”)), the Company may redeem the Series 2050 Bonds, in whole or in part, at a redemption price equal to the greater of (i) 100% of the principal amount of such Series 2050 Bonds being redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the Series 2050 Bonds being redeemed that would be due if such Bonds matured on the Par Call Date (excluding the portion of any such accrued and unpaid interest to but excluding the date fixed for redemption), discounted to but excluding the date fixed for redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined below) plus 20 basis points plus, in each case, accrued and unpaid interest thereon to but excluding the date fixed for redemption. At any time on or after the Par Call Date, the Company may redeem, in whole or in part, the Series 2050 Bonds at 100% of the principal amount of such Series 2050 Bonds being redeemed plus accrued and unpaid interest thereon to but excluding the date fixed for redemption.

“Comparable Treasury Issue” means the U.S. Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the Series 2050 Bonds being redeemed (assuming, for this purpose, that the Series 2050 Bonds matured on the Par Call Date) that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Series 2050 Bonds being redeemed.

“Comparable Treasury Price” means with respect to any redemption date of the Series 2050 Bonds (i) the average of the Reference Treasury Dealer Quotations for the date fixed for redemption, after excluding the highest and lowest of such Reference Treasury Dealer Quotations for such date fixed for redemption, or (ii) if the Independent Investment Banker obtains fewer than four of such Reference Treasury Dealer Quotations for the date fixed for redemption, the average of all of such Reference Treasury Dealer Quotations for the date fixed for redemption.

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“Primary Treasury Dealer” means any primary U.S. Government securities dealer in the United States.

The Series 2050 Bonds are not subject to a sinking fund.

The redemption price of the Series 2050 Bonds need not be specified in any temporary bond of said series if an appropriate reference be made in said temporary bond to the provision of this Section.

For purposes of Section 10.02 of the Indenture, the redemption price to be set forth in the notice of any redemption of the Series 2050 Bonds occurring prior to the Par Call Date may be the manner of calculation thereof. The Company shall give the Trustee notice of such redemption price promptly after the calculation thereof and the Trustee shall not be responsible for any such calculation.

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SECTION 2.03. The registered owner of any Series 2050 Bond or Bonds, at his, her or its option, may surrender the same with other bonds of such series at the office of the Trustee in the City of Chicago, Illinois, or at the agency of the Company in the Borough of Manhattan, City and State of New York, or elsewhere if authorized by the Company, for cancellation, in exchange for other bonds of such series of higher or lower authorized denominations, but of the same aggregate principal amount, bearing interest from its date, and upon receipt of any payment required under the provisions of Section 2.04 hereof. Thereupon the Company shall execute and deliver to the Trustee and the Trustee shall authenticate and deliver such other registered bonds to such registered owner at its office or at any other place specified as aforesaid.

Notwithstanding any other provisions of the Indenture to the contrary, the Company shall not be required to issue, transfer or exchange any Series 2050 Bond of a series during a period of ten (10) days next preceding any selection of Series 2050 Bonds of such series to be redeemed. The Company shall not be required to transfer or exchange any Series 2050 Bond called or being called for redemption in its entirety or to transfer or exchange the called portion of a Series 2050 Bond which has been called for partial redemption.

SECTION 2.04. No charge shall be made by the Company for any exchange or transfer of Series 2050 Bonds other than for taxes or other governmental charges, if any, that may be imposed in relation thereto.

SECTION 2.05. The Series 2050 Bonds shall be executed on behalf of the Company by its President or one of its Vice Presidents, and its corporate seal shall be thereunto affixed, or printed, lithographed or engraved thereon, in facsimile, and attested by the signature of its Secretary or one of its Assistant Secretaries. Any such signatures may be manual or facsimile signatures and may be imprinted or otherwise reproduced. In case any of the officers who shall have signed any Series 2050 Bonds or attested the seal thereon shall cease to be such officers of the Company before the Series 2050 Bonds so signed and sealed actually shall have been authenticated by the Trustee or delivered by the Company, such Series 2050 Bonds nevertheless may be issued, authenticated and delivered with the same force and effect as though the person or persons who signed such Series 2050 Bonds and attested the seal thereon had not ceased to be such officer or officers of the Company. Any Series 2050 Bond issuable hereunder may be signed or attested on behalf of the Company by such person as at the actual date of the execution of such Series 2050 Bond shall be the proper officer of the Company, although at the date of such Series 2050 Bond such person shall not have been an officer of the Company.

SECTION 2.06. (a) Except as provided in subsections (c) and (g) of this Section 2.06, the registered holder of all of the Series 2050 Bonds shall be The Depository Trust Company (“DTC”) and such Series 2050 Bonds shall be registered in the name of Cede & Co., as nominee for DTC. Payment of principal of, premium, if any, and interest on any Series 2050 Bonds registered in the name of Cede & Co. shall be made by transfer of New York Federal or equivalent immediately available funds with respect to the Series 2050 Bonds to the account of Cede & Co. on each such payment date for the Series 2050 Bonds at the address indicated for Cede & Co. in the bond register kept by the Trustee.

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(b) The Series 2050 Bonds shall be initially issued in the form of one or more separate single authenticated fully registered certificates in the aggregate principal amount of all Series 2050 Bonds. Upon initial issuance, the ownership of such Series 2050 Bonds shall be registered in the bond register kept by the Trustee in the name of Cede & Co., as nominee of DTC. The Trustee and the Company may treat DTC (or its nominee) as the sole and exclusive registered holder of the Series 2050 Bonds registered in its name for the purposes of payment of the principal of, premium, if any, and interest on the Series 2050 Bonds and of giving any notice permitted or required to be given to holders under the Indenture, except as provided in subsection (g) below of this Section 2.06; and neither the Trustee nor the Company shall be affected by any notice to the contrary. Neither the Trustee nor the Company shall have any responsibility or obligation to any of DTC’s participants (each, a “Participant”), any person claiming a beneficial ownership in the Series 2050 Bonds under or through DTC or any Participant (each, a “Beneficial Owner”) or any other person which is not shown on the bond register maintained by the Trustee as being a registered holder, with respect to (1) the accuracy of any records maintained by DTC or any Participant; (2) the payment by DTC or any Participant of any amount in respect of the principal of, premium, if any, or interest on the Series 2050 Bonds; (3) the delivery by DTC or any Participant of any notice to any Beneficial Owner which is permitted or required to be given to registered holders under the Indenture of the Series 2050 Bonds; (4) the selection of the Beneficial Owners to receive payment in the event of any partial redemption of the Series 2050 Bonds; or (5) any consent given or other action taken by DTC as bondholder. The Trustee shall pay all principal of, premium, if any, and interest on the Series 2050 Bonds registered in the name of Cede & Co. only to or “upon the order of” (as that term is used in the Uniform Commercial Code as adopted in Minnesota and New York) DTC, and all such payments shall be valid and effective to fully satisfy and discharge the Company’s obligations with respect to the principal of, premium, if any, and interest on such Series 2050 Bonds to the extent of the sum or sums so paid. Except as otherwise provided in subsections (c) and (g) below of this Section 2.06, no person other than DTC shall receive authenticated bond certificates evidencing the obligation of the Company to make payments of principal of and interest on the Series 2050 Bonds. Upon delivery by DTC to the Trustee of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., and subject to the provisions of the Indenture with respect to transfers of bonds, the word “Cede & Co.” in this Supplemental Trust Indenture shall refer to such new nominee of DTC.

(c) If the Company in its discretion determines that it is in the best interest of the Beneficial Owners that they be able to obtain bond certificates for the Series 2050 Bonds or there shall have occurred and be continuing a Completed Default with respect to the Series 2050 Bonds, the Company shall notify DTC and the Trustee, whereupon DTC will notify the Participants of the availability through DTC of bond certificates for Series 2050 Bonds. In such event, the Trustee shall issue, transfer and exchange bond certificates as requested by DTC in appropriate amounts pursuant to Article II of the Restated Indenture and Section 2.03 of this Supplemental Trust Indenture. The Company shall pay all costs in connection with the production of bond certificates if the Company makes such a determination under this Section 2.06(c). DTC may determine to discontinue providing its services with respect to a series of the Series 2050 Bonds at any time by giving written notice to the Company and the Trustee and discharging its responsibilities with respect thereto under applicable law. Under such circumstances (if there is no successor book-entry depository), the Company and the Trustee shall be obligated (at the sole cost and expense of the Company) to deliver bond certificates for the Series 2050 Bonds as described in this Supplemental Trust Indenture. If bond certificates are issued, the provisions of the Indenture shall apply to, among other things, the transfer and

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exchange of such certificates and the method of payment of principal of, premium, if any, and interest on such certificates. Whenever DTC requests the Company and the Trustee to do so, the Company will direct the Trustee (at the sole cost and expense of the Company) to cooperate with DTC in taking appropriate action after reasonable notice (i) to make available one or more separate certificates evidencing the Series 2050 Bonds to any Participant or (ii) to arrange for another book-entry depository to maintain custody of certificates evidencing the Series 2050 Bonds registered in the name of such depository or its nominee. Any successor book-entry depository must be a clearing agency registered with the Securities and Exchange Commission pursuant to Section 17A of the Securities Exchange Act of 1934, as amended, and must enter into an agreement with the Company and the Trustee agreeing to act as the depository and clearing agency for the Series 2050 Bonds (except as provided in subsection (g) below of this Section 2.06). After such agreement has become effective, DTC shall present the Series 2050 Bonds for registration of transfer in accordance with Section 2.12 of the Restated Indenture, and the Trustee shall register them in the name of the successor book-entry depository or its nominee and all references thereafter to DTC shall be to such successor book-entry depository. If a successor book-entry depository has not accepted such position before the effective date of DTC’s termination of its services, the book-entry system shall automatically terminate and may not be reinstated without the consent of all registered holders of the Series 2050 Bonds.

(d) Notwithstanding any other provision of this Supplemental Trust Indenture to the contrary, so long as any Series 2050 Bonds are registered in the name of Cede & Co., as nominee of DTC, all payments with respect to the principal of, premium, if any, and interest on such Series 2050 Bonds and all notices with respect to such Series 2050 Bonds shall be made and given, respectively, to DTC as provided in the blanket representation letter between DTC and the Company. The Trustee is hereby authorized and directed to comply with all terms of the representation letter to the extent applicable to the Trustee.

(e) In connection with any notice or other communication to be provided pursuant to the Indenture for the Series 2050 Bonds by the Company or the Trustee with respect to any consent or other action to be taken by the registered holders of the Series 2050 Bonds, the Company or the Trustee, as the case may be, shall seek to establish a record date to the extent permitted by the Indenture for such consent or other action and give DTC notice of such record date not less than fifteen (15) calendar days in advance of such record date to the extent possible. Such notice to DTC shall be given only when DTC is the sole registered holder.

(f) NEITHER THE COMPANY NOR THE TRUSTEE WILL HAVE ANY RESPONSIBILITY OR OBLIGATIONS TO THE PARTICIPANTS OR THE BENEFICIAL OWNERS WITH RESPECT TO (1) THE ACCURACY OF ANY RECORDS MAINTAINED BY DTC OR ANY PARTICIPANT; (2) THE PAYMENT BY DTC OR ANY PARTICIPANT OF ANY AMOUNT DUE TO ANY BENEFICIAL OWNER IN RESPECT OF THE PRINCIPAL OF, PREMIUM, IF ANY, OR INTEREST ON THE SERIES 2050 BONDS; (3) THE DELIVERY BY DTC OR ANY PARTICIPANT OF ANY NOTICE TO ANY BENEFICIAL OWNER WHICH IS REQUIRED OR PERMITTED UNDER THE TERMS OF THE INDENTURE TO BE GIVEN TO REGISTERED HOLDERS; (4) THE SELECTION OF THE BENEFICIAL OWNERS TO RECEIVE PAYMENT IN THE EVENT OF ANY PARTIAL REDEMPTION OF THE SERIES 2050 BONDS; OR (5) ANY CONSENT GIVEN OR OTHER ACTION TAKEN BY DTC AS A REGISTERED HOLDER.

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SO LONG AS CEDE & CO. IS THE REGISTERED HOLDER OF THE SERIES 2050 BONDS AS NOMINEE OF DTC, REFERENCES HEREIN TO REGISTERED HOLDERS OF THE SERIES 2050 BONDS SHALL MEAN CEDE & CO. AND SHALL NOT MEAN THE BENEFICIAL OWNERS OF THE SERIES 2050 BONDS NOR THE PARTICIPANTS.

(g) The Company, in its sole discretion, may terminate the services of DTC with respect to the Series 2050 Bonds if the Company determines that: (i) DTC (x) is unable to discharge its responsibilities with respect to Series 2050 Bonds or (y) at any time ceases to be a clearing agency registered under the Securities Exchange Act of 1934, as amended; or (ii) there shall have occurred and be continuing a Completed Default with respect to either series of Series 2050 Bonds. The Company, in its sole discretion and subject to DTC’s procedures, may terminate the services of DTC with respect to Series 2050 Bonds if the Company determines that a continuation of the requirement that all of the outstanding Series 2050 Bonds be registered with the registration books kept by the Trustee in the name of Cede & Co., as nominee of DTC, is not in the best interest of the Beneficial Owners of the Series 2050 Bonds. After such event and if no substitute book-entry depository is appointed by the Company, the bond certificates for the Series 2050 Bonds will be delivered as described in the Indenture.

(h) Upon the termination of the services of DTC with respect to the Series 2050 Bonds pursuant to subsections (c) or (g) of this Section 2.06 after which no substitute book-entry depository is appointed, the Series 2050 Bonds shall be registered in whatever name or names holders transferring or exchanging Series 2050 Bonds shall designate in accordance with the provisions of the Indenture.

ARTICLE III.

APPOINTMENT OF AUTHENTICATING AGENT

SECTION 3.01. The Trustee shall, if requested in writing so to do by the Company, promptly appoint an agent or agents of the Trustee who shall have authority to authenticate registered Series 2050 Bonds in the name and on behalf of the Trustee. Such appointment by the Trustee shall be evidenced by a certificate of a vice-president of the Trustee delivered to the Company prior to the effectiveness of such appointment.

SECTION 3.02. (a) Any such authenticating agent shall be acceptable to the Company and at all times shall be a corporation, trust company or banking association organized and doing business under the laws of the United States or of any State, shall be authorized under such laws to act as authenticating agent, shall have a combined capital and surplus of at least $10,000,000 and shall be subject to supervision or examination by Federal or State authority. If such corporation, trust company or banking association publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes of this Section 3.02 the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published.

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(b) Any corporation, trust company or banking association into which any authenticating agent may be merged or converted or with which it may be consolidated, or any corporation, trust company or banking association resulting from any merger, conversion or consolidation to which any authenticating agent shall be a party, or any corporation, trust company or banking association succeeding to the corporate agency business of any authenticating agent, shall continue to be the authenticating agent without the execution or filing of any paper or any further act on the part of the Trustee or the authenticating agent.

(c) Any authenticating agent at any time may resign by giving written notice of resignation to the Trustee and to the Company. The Trustee may at any time, and upon written request of the Company to the Trustee shall, terminate the agency of any authenticating agent by giving written notice of termination to such authenticating agent and to the Company. Upon receiving such a notice of resignation or upon such a termination, or in case at any time any authenticating agent shall cease to be eligible in accordance with the provisions of this Section 3.02, the Trustee, unless otherwise requested in writing by the Company, promptly shall appoint a successor authenticating agent, which shall be acceptable to the Company. Any successor authenticating agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers, duties and responsibilities of its predecessor hereunder, with like effect as if originally named. No successor authenticating agent shall be appointed unless eligible under the provisions of this Section 3.02.

(d) The Company agrees to pay to any authenticating agent, appointed in accordance with the provisions of Section 3.01 and this Section 3.02, reasonable compensation for its services.

SECTION 3.03. If an appointment is made pursuant to this Article III, the registered Series 2050 Bonds shall have endorsed thereon, in addition to the Trustee’s Certificate, an alternate Trustee’s Certificate in the following form:

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(Form of Trustee’s Certificate)

This bond is one of the bonds of the Series designated thereon, described in the within-mentioned Indenture.

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee

By:

Authenticating Agent

By:

Authorized Officer


Dated:

SECTION 3.04. No provision of this Article III shall require the Trustee to have at any time more than one such authenticating agent for any one State or to appoint any such authenticating agent in the State in which the Trustee has its principal place of business.

ARTICLE IV.

FINANCING STATEMENT TO COMPLY WITH

THE UNIFORM COMMERCIAL CODE

SECTION 4.01. The name and address of the debtor and secured party are set forth below:


Debtor:		Northern States Power Company
		414 Nicollet Mall Minneapolis, Minnesota 55401

Secured Party:		The Bank of New York Mellon Trust Company, N.A., Trustee
		2 North LaSalle Street Suite 1020 Chicago, Illinois 60602

NOTE: Northern States Power Company, the debtor above named, is “a transmitting utility” under the Uniform Commercial Code as adopted in Minnesota, North Dakota and South Dakota.

SECTION 4.02. Reference to Article I hereof is made for a description of the property of the debtor covered by this Financing Statement with the same force and effect as if incorporated in this Section at length.

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SECTION 4.03. The maturity dates and respective principal amounts of obligations of the debtor secured and presently to be secured by the Indenture and this Supplemental Trust Indenture, reference to all of which for the terms and conditions thereof is hereby made with the same force and effect as if incorporated herein at length, are as follows:


First Mortgage Bonds	Principal Amount
Series due July 1, 2025	$	250,000,000
Series due March 1, 2028	$	150,000,000
Series due July 15, 2035	$	250,000,000
Series due June 1, 2036	$	400,000,000
Series due July 1, 2037	$	350,000,000
Series due March 1, 2018	$	500,000,000
Series due November 1, 2039	$	300,000,000
Series due August 15, 2040	$	250,000,000
Series due August 15, 2022	$	300,000,000
Series due August 15, 2042	$	500,000,000
Series due May 15, 2023	$	400,000,000
Series due May 15, 2044	$	300,000,000
Series due August 15, 2020	$	300,000,000
Series due August 15, 2045	$	300,000,000
Series due May 15, 2046	$	350,000,000
Series due September 15, 2047	$	600,000,000
Series due September 15, 2050	$	600,000,000

SECTION 4.04. This Financing Statement is hereby adopted for all of the First Mortgage Bonds of the Series mentioned above secured by said Indenture and this Supplemental Trust Indenture.

SECTION 4.05. The 1937 Indenture, the Restated Indenture and the prior Supplemental Indentures, as set forth below, have been filed or recorded in each and every office in the States of Minnesota, North Dakota and South Dakota designated by law for the filing or recording thereof in respect of all property of the Company subject thereto:


Original Indenture		Supplemental Indenture
Dated February 1, 1937		Dated June 1, 1952

Supplemental Indenture		Supplemental Indenture
Dated June 1, 1942		Dated October 1, 1954

Supplemental Indenture		Supplemental Indenture
Dated February 1, 1944		Dated September 1, 1956

Supplemental Indenture		Supplemental Indenture
Dated October 1, 1945		Dated August 1, 1957

Supplemental Indenture		Supplemental Indenture
Dated July 1, 1948		Dated July 1, 1958

Supplemental Indenture		Supplemental Indenture
Dated August 1, 1949		Dated December 1, 1960

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Supplemental Indenture		Supplemental Indenture
Dated August 1, 1961		Dated May 1, 1983

Supplemental Indenture		Supplemental Indenture
Dated June 1, 1962		Dated December 1, 1983

Supplemental Indenture		Supplemental Indenture
Dated September 1, 1963		Dated September 1, 1984

Supplemental Indenture		Supplemental Indenture
Dated August 1, 1966		Dated December 1, 1984

Supplemental Indenture		Supplemental Indenture
Dated June 1, 1967		Dated May 1, 1985

Supplemental Indenture		Supplemental Indenture
Dated October 1, 1967		Dated September 1, 1985

Supplemental Indenture		Supplemental and Restated Indenture
Dated May 1, 1968		Dated May 1, 1988

Supplemental Indenture		Supplemental Indenture
Dated October 1, 1969		Dated July 1, 1989

Supplemental Indenture		Supplemental Indenture
Dated February 1, 1971		Dated June 1, 1990

Supplemental Indenture		Supplemental Indenture
Dated May 1, 1971		Dated October 1, 1992

Supplemental Indenture		Supplemental Indenture
Dated February 1, 1972		Dated April 1, 1993

Supplemental Indenture		Supplemental Indenture
Dated January 1, 1973		Dated December 1, 1993

Supplemental Indenture		Supplemental Indenture
Dated January 1, 1974		Dated February 1, 1994

Supplemental Indenture		Supplemental Indenture
Dated September 1, 1974		Dated October 1, 1994

Supplemental Indenture		Supplemental Indenture
Dated April 1, 1975		Dated June 1, 1995

Supplemental Indenture		Supplemental Indenture
Dated May 1, 1975		Dated April 1, 1997

Supplemental Indenture		Supplemental Indenture
Dated March 1, 1976		Dated March 1, 1998

Supplemental Indenture		Supplemental Indenture
Dated June 1, 1981		Dated May 1, 1999

Supplemental Indenture		Supplemental Indenture
Dated December 1, 1981		Dated June 1, 2000

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Supplemental Indenture		Supplemental Indenture
Dated August 1, 2000		Dated March 1, 2008

Supplemental Indenture		Supplemental Indenture
Dated June 1, 2002		Dated November 1, 2009

Supplemental Indenture		Supplemental Indenture
Dated July 1, 2002		Dated August 1, 2010

Supplemental Indenture		Supplemental Indenture
Dated August 1, 2002		Dated August 1, 2012

Supplemental Indenture		Supplemental Indenture
Dated May 1, 2003		Dated May 1, 2013

Supplemental Indenture		Supplemental Indenture
Dated August 1, 2003		Dated May 1, 2014

Supplemental Indenture		Supplemental Indenture
Dated July 1, 2005		Dated August 1, 2015

Supplemental Indenture		Supplemental Indenture
Dated May 1, 2006		Dated May 1, 2016

Supplemental Indenture		Supplemental Indenture
Dated June 1, 2007		Dated September 1, 2017

SECTION 4.06. The property covered by this Financing Statement also shall secure additional series of First Mortgage Bonds of the debtor which may be issued from time to time in the future in accordance with the provisions of the Indenture.

ARTICLE V.

MISCELLANEOUS

SECTION 5.01. The recitals of fact herein, except the recital that the Trustee has duly determined to execute this Supplemental Trust Indenture and be bound, insofar as it may lawfully so do, by the provisions hereof and in the bonds shall be taken as statements of the Company and shall not be construed as made by the Trustee. The Trustee makes no representations as to the value of any of the property subject to the lien of the Indenture, or any part thereof, or as to the title of the Company thereto, or as to the security afforded thereby and hereby, or as to the validity of this Supplemental Trust Indenture or of the bonds issued under the Indenture by virtue hereof (except the Trustee’s certificate) and the Trustee shall incur no responsibility in respect of such matters.

SECTION 5.02. This Supplemental Trust Indenture shall be construed in connection with and as a part of the Indenture.

SECTION 5.03. Section 10.02 of the Indenture is hereby amended to include the words “or by electronic means” after the words “postage prepaid,” in the second paragraph, second line of such section.

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SECTION 5.04 (a) If any provision of the Indenture or this Supplemental Trust Indenture limits, qualifies or conflicts with another provision of the Indenture required to be included in indentures qualified under the Trust Indenture Act of 1939, as amended (as enacted prior to the date of this Supplemental Trust Indenture) by any of the provisions of Sections 310 to 317, inclusive, of the said Act, such required provision shall control.

(b) In case any one or more of the provisions contained in this Supplemental Trust Indenture or in the bonds issued hereunder shall be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected, impaired, prejudiced or disturbed thereby.

SECTION 5.05. Wherever in this Supplemental Trust Indenture the word “Indenture” is used without the prefix “1937,” “Original,” “Restated,” or “Supplemental,” such word was used intentionally to include in its meaning both the 1937 Indenture, as amended and restated by the Restated Indenture, and all indentures supplemental thereto.

SECTION 5.06. Wherever in this Supplemental Trust Indenture either of the parties hereto is named or referred to, this shall be deemed to include the successors or assigns of such party, and all the covenants and agreements in this Supplemental Trust Indenture contained by or on behalf of the Company or by or on behalf of the Trustee shall bind and inure to the benefit of the respective successors and assigns of such parties, whether so expressed or not.

SECTION 5.07. (a) This Supplemental Trust Indenture may be executed simultaneously in several counterparts, and all said counterparts executed and delivered, each as an original, shall constitute but one and the same instrument.

(b) The Table of Contents and the descriptive headings of the several Articles of this Supplemental Trust Indenture were formulated, used and inserted in this Supplemental Trust Indenture for convenience only and shall not be deemed to affect the meaning or construction of any of the provisions hereof.

The total aggregate amount of obligations to be issued forthwith under this Supplemental Trust Indenture shall not exceed $600,000,000.

- 24 -

IN WITNESS WHEREOF, on this 3^rd day of September, A.D. 2019, NORTHERN STATES POWER COMPANY, a Minnesota corporation, party of the first part, has caused its corporate name and seal to be hereunto affixed and this Supplemental Trust Indenture effective September 1, 2019, to be signed by its President or a Vice President, and attested by its Secretary or an Assistant Secretary, for and in its behalf, and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. (as successor trustee to Harris Trust and Savings Bank and BNY Midwest Trust Company), a national banking association, as Trustee, party of the second part, to evidence its acceptance of the trust hereby created, has caused its corporate name to be hereunto affixed, and this Supplemental Trust Indenture effective September 1, 2019, to be signed by its President, a Vice President or an Assistant Vice President.

NORTHERN STATES POWER COMPANY

/s/ Sarah W. Soong

By: Sarah W. Soong

Its: Vice President and Treasurer

Attest:

/s/ Kristin Westlund

By: Kristin Westlund

Its: Assistant Secretary


Executed by Northern States Power Company in the presence of:		(CORPORATE SEAL)

/s/ Kaydra A. Kirtz

Witness: Kaydra A. Kirtz

/s/ Patricia L. Martin

Witness: Patricia L. Martin

[Signature page to Supplemental Indenture]

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee

/s/ Valere Boyd

By: Valere Boyd

Its: Vice President

[Signature page to Supplemental Indenture]


STATE OF MINNESOTA		)
		) SS.:
COUNTY OF HENNEPIN		)

This instrument was acknowledged before me on September 3, 2019 by Sarah W. Soong as Vice President and Treasurer, and Kristin Westlund, as Assistant Secretary, of Northern States Power Company, a Minnesota corporation, on behalf of the corporation.

/s/ Pamela C. Wilson

Pamela C. Wilson

Notary Public

My commission expires: January 31, 2020

ACKNOWLEDGMENT

A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

State of California

County of Los Angeles )

On 8/29/2019 before me, James Louis Dickson

(insert name and title of the officer)

personally appeared Valere Boyd , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature /s/ James Louis Dickson (Seal)

SCHEDULE A

The property referred to in Article I of the foregoing Supplemental Trust Indenture from Northern States Power Company to the Bank of New York Mellon Trust Company N.A. as successor trustee to Harris Trust and Savings Bank, Effective as of September 1, 2019, includes the following property hereafter more specifically described. Such description, however, is not intended to limit or impair the scope or intention of the general description contained in the granting clause or elsewhere in the Indenture.

I. PROPERTIES IN THE STATE OF MINNESOTA

1.	The following described real property, situate, lying and being in the County of Chisago, to wit:

Wyoming Service Center

Lot One (1), Block Two (2) of Southview Industrial Park, according to the plat thereof on file of record in the office of the Registrar of Titles in and for Chisago County, Minnesota.

(Torrens Certificate of Title No. 6112.0)

2.	The following described real property, situate, lying and being in the County of Goodhue, to wit:

Cannon Falls Service Center

Lots 9 and 10 in Block 45 in the City of Cannon Falls, except the South Half (S 1/2) of said Lots 9 and 10.

3.	The following described real property, situate, lying and being in the County of Hennepin, to wit:

Pomerleau Lake Substation

That part of the Southeast Quarter of the Northwest Quarter of Section 10, Township 118, Range 22, Hennepin County, Minnesota, which lies Westerly of the following described line:

Beginning at a point 40.00 feet South, along a line perpendicular to the South line of said Southeast Quarter of the Northwest Quarter, from a point on said south line 650.00 feet West from the Southeast corner of said Southeast Quarter of the Northwest Quarter; thence Northerly to a point 468.00 feet South, along a line perpendicular to the North line of said Southeast Quarter of the Northwest Quarter, from a point on said North line 647.00 feet West from the Northeast corner of said Southeast Quarter of the Northwest Quarter; thence Northeasterly to a point 211.00 feet North, along a line perpendicular to said North line, from a point on said North line 559.00 feet West from the Northeast corner of said Southeast Quarter of the Northwest Quarter and there terminating,

and which lies Easterly and Southeasterly of the following described line;

Commencing at the Southeast corner of said Southeast Quarter of the Northwest Quarter; thence on an assumed bearing of South 89 degrees 58 minutes 47 seconds West along the Southerly line of said Southeast Quarter of the Northwest Quarter for 1010.00 feet to the actual point of beginning of the line to be described; thence North 00 degrees 01 minutes 13 seconds West for 90.00 feet; thence Northerly and Northeasterly for 376.99 feet along a tangential curve concave to the East, radius 480.00 feet and central angle 45 degrees 00 minutes 00 seconds; thence North 44 degrees 58 minutes 47 seconds East along tangent to said curve for 225.00 feet; thence Northeasterly for 99.85 feet along a tangential curve concave to the Northwest, radius 500.00 feet and central angle 11 degrees 26 minutes 33 seconds to a point on the first above described line distant 705.69 feet Northerly from its point of beginning and there terminating.

A-1

4.	The following described real property, situate, lying and being in the County of Lincoln, to wit:

Wind Farm Easements for Blazing Star

Tract 1

Fee Owner: Steven J. Kontz and James R. Kontz, as Trustees of the Richard W. Kontz Family Trust U/A Revocable Living Trust dated November 29, 1996

File Number: 01040-20836k

PIN: 05-0001-000

The Northwest Quarter (NW1/4) and the West Half of the Northeast Quarter (W1/2 of NE1/4) and the West Half of the Southeast Quarter (W1/2 of SE1/4) all in Section 1, in Township 113 North of Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Being Abstract Land.

Tract 2

Fee Owner: Lanny J. Veverka and Sandra Veverka, husband and wife; and Debbie Lou Victor, a single person

File Number: 01040-20838u

PIN: 05-0008-000

The East Half of the Southeast Quarter of Section 1, Township 113 North, Range 46 West of the West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Being Abstract Land.

Tract 3

Fee Owner: Kathrine A. Abel a/k/a Kathrine Abel and Bruce D. Abel, wife and husband; and Karen A. Olson a/k/a Karen Olson and Jeffrey Olson, wife and husband

File Number: 01040-21112k

PIN: 05-0010-000

Northeast fractional Quarter (NE1/4) of Section 2, Township 113 North, Range 46 West, of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 4

Fee Owner: Scott A. Yackley a/k/a Scott Yackley, a single person

File Number: 01040-21112m

PIN: 05-0013-000

That part of the Southwest Quarter of the Southeast Quarter (SW1/4 of SE1/4) described as follows; Beginning at the Southwest (SWC) corner of the Southeast Quarter (SE1/4) of Section 2; Thence easterly along the South boundary line of Section 2 a distance of 34 rods; thence Northerly and at right angles to the South Boundary line a distance of 43 rods; thence Westerly and parallel to the South boundary line a distance of 34 rods to a point on the West boundary line of the Southeast Quarter (SE1/4); thence Southerly along the West boundary line of the Southeast Quarter (SE1/4) a distance of 43 rods, to the point of beginning, all in Section 2, Township 113 North, Range 46 in the County of Lincoln, State of Minnesota.

A-2

Tract 5

Fee Owner: Alice Skorczewski, as trustee of the Alice Skorczewski Revocable Living Trust dated August 25, 2004

File Number: 01040-21112n

PIN: 05-0023-000

The Southeast Quarter (SE1/4) of Section 4, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 6

Fee Owner: George Skorczewski, Trustee of the George Skorczewski Revocable Living Trust Agreement dated August 25, 2004

File Number: 01040-21112p

PIN: 05-0041-000

The East 10 rods, also described as the East 5 acres, more or less, of the Northeast Quarter of the Northeast Quarter (NE1/4 of NE1/4) of Section 8, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 7

Fee Owner: Alice Skorczewski, Trustee of the Alice Skorczewski Revocable Living Trust Agreement dated August 25, 2004

File Number: 01040-21109x

PIN: 05-0044-000

The East Half of the Northwest Quarter (E1/2 of NW1/4) of Section 9, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 8

Fee Owner: Mary E. Sik, a single person

File Number: 01040-21112r

PIN: 05-0045-000

The East Half of the Northeast Quarter (E1/2 NE1/4) of Section 9, Township 113 North, Range 46; the Northwest Quarter (NW1/4) of the Southeast Quarter (SE1/4) of Section 9 in Township 113 North of Range 46; the Northeast Quarter of the Southeast Quarter (NE1/4 SE1/4) of Section 9, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Commencing at the South center of the Southeast Quarter (SE1/4) of Section 9, Township 113, Range 46, thence running North Twenty Chains, thence running West 43 rods; thence Southeasterly to a point 16 rods West of the starting point and on the section line; thence direct East to the place of beginning. The within described piece of land contains according to survey fourteen and one-Half acres.

The Southeast Quarter of the Southeast Quarter (SE1/4 of SE1/4) of Section 9, Township 113, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

All in Lincoln County, Minnesota.

Tract 9

Fee Owner: Gerald E. Pavek and Laurie Ann Pavek a/k/a Laurie A. Pavek, husband and wife

File Number: 01040-21112s

PIN: 05-0046-000

The West Half of the Northeast Quarter (W1/2 of NE1/4) of Section 9, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

A-3

Tract 10

Fee Owner: George Skorczewski, Trustee of the George Skorczewski Revocable Living Trust Agreement dated August 25, 2004

File Number: 01040-21112t

PIN: 05-0048-000

The North One-Half of the Southwest One-Fourth (N1/2 of SW1/4) of Section 9, Township 113, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota, containing 80 acres, more or less.

Tract 11

Fee Owner: Lyle O. Sik, a single person

File Number: 01040-21112u

PIN: 05-0049-000

Northwest Quarter (NW1/4) of Section 10, Township 113 North, Range 46 West of the Fifth Principal Meridian, County of Lincoln, Minnesota.

Tract 12

Fee Owner: George Skorczewski, Trustee of the George Skorczewski Revocable Living Trust Agreement dated August 25, 2004

File Number: 01040-21112v

PIN: 05-0051-000

That part of the South Half of the Southwest Quarter (S1/2 of SW1/4) of Section 10, Township 113 North, Range 46 West, of the Fifth Principal Meridian, County of Lincoln, Minnesota, described as follows:

Commencing at the Southwest corner of Section 10; thence North 90º 00’ 00” East, assumed bearing, along the South line of said Section 10, a distance of 1,302.00 feet to the point of beginning of the tract to be described; thence continuing North 90º 00’ 00” East, along said South line a distance of 345.00 feet; thence North 02 º 22’ 34” West a distance of 388.00 feet; thence North 90 º 00’ 00” East a distance of 22.00 feet; thence North 02º 33’ 30” West a distance of 121.90 feet; thence North 90º 00’ 00” East a distance of 48.00 feet; thence North 00º 00’ 00” East a distance of 422.00 feet; thence North 90º 00’ 00” West, a distance of 205.00 feet; thence North 10º 58’ 15” West a distance of 78.00 feet; thence North 90º 00’ 00” West a distance of 200.00 feet; thence South 01º 29’ 55” East a distance of 1008.36 feet to the point of beginning.

Tract 13

Fee Owner: Brian Kremer and Katie Kremer, husband and wife

File Number: 01040-21103f

PIN: 05-0051-010

The Southwest Quarter (SW1/4) of Section 10, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County; State of Minnesota

Save and Except

A-4

That part of the South Half of the Southwest Quarter (S1/2 of SW1/4) of Section 10, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County; Minnesota, described as follows:

Commencing at the southwest corner of Section 10; thence North 90º 00’ 00” East, assumed bearing along the south line of said Section 10, a distance of 1302.00 feet to the point of beginning of the tract to be described; thence continuing North 90º 00’ 00” East, along said south line a distance of 345.00 feet; thence North 02º 22’ 34” West a distance of 388.00 feet, thence North 90º 00’ 00” East a distance of 22.00 feet; thence North 02º 33’ 30” West a distance of 121.90 feet; thence North 90º 00’ 00” East a distance of 48.00 feet; thence North 00º 00’ 00” East a distance of 422.00 feet; thence North 90º 00’ 00” West, a distance of 205.00 feet; thence North 10º 58’ 15” West a distance of 78.00 feet; thence North 90º 00’ 00” West a distance of 200.00 feet; thence South 01º 29’ 55” East a distance of 1008.36 feet to the point of beginning.

Tract 14

Fee Owner: Ronald F. Cech, as Trustee of the Ronald F. Cech Revocable Trust Agreement of 2008

File Number: 01040-21099d

PIN: 05-0052-000

The Southeast Quarter (SE1/4) of Section 10, Township 113 North, Range 46 West of the 5th Principal Meridian, Lincoln County, Minnesota.

Abstract Land

Tract 15

Fee Owner: Robert J. Beeler and Kathryn Beeler, husband and wife

File Number: 01040-21098p

PIN: 05-0055-000

The Northwest Quarter of the Northeast Quarter (NW1/4 NE1/4) Section 11, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Abstract Land.

Tract 16

Fee Owner: Robert J. Beeler and Kathryn Beeler, husband and wife

File Number: 01040-21098p

PIN: 05-0057-000

Southwest Quarter (SW1/4) and the Southwest Quarter of the Northeast Quarter (SW1/4 of NE1/4) and the South Half of the Southeast Quarter (S1/2 of SE1/4), all in Section 11, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 17

Fee Owner: Steven L. Veverka a/k/a Steven Veverka, a single person

File Number: 01040-20838v

PIN: 05-0060-000

The East Half of the Northeast Quarter of Section 12, Township 113 North, Range 46 West, Lincoln County, Minnesota.

Tract 18

Fee Owner: Lanny J. Veverka and Sandra Veverka, husband and wife; and Debbie Lou Victor, a single person

File Number: 01040-20838u

PIN: 05-0060-010

The West Half of the Northeast Quarter (W1/2 of NE1/4) of Section 12, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

A-5

Tract 19

Fee Owner: Garry Moore, as the sole Trustee of the Leatrice V. Moore Trust under Agreement dated July 18, 2011 as successor in interest to Leatrice V. Moore, Trustee of Leatrice V. Moore Trust under Agreement dated July 18, 2011

File Number: 01040-21104y

PIN: 05-0062-000

The East Half of the Northwest Quarter (E1/2 of NW1/4) and the Southeast Quarter (SE1/4) of Section 12, Township 113, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 20

Fee Owner: John Odegaard and Lisa Odegaard, husband and wife

File Number: 01040-21104b

PIN: 05-0064-000

All that part of the West Half of the Northeast Quarter (W1/2 of NE1/4) and that part of the East Half of the Northwest Quarter (E1/2 of NW1/4) in Section Thirteen (13), Township One Hundred Thirteen (113) North, Range Forty-six (46) West, Lincoln County, Minnesota being more particularly described as follows:

Commencing at the northwest corner of said Northeast Quarter; thence North 90° 00’ 00” East, assumed bearing, along the north line of said Northeast Quarter, a distance of 187.78 feet, to the point of beginning; .thence continuing North 90° 00’ 00” East, along said north line, a distance of 40.09 feet; thence South 03° 53’ 30” West a distance of 1536.99 feet; thence South 86° 33’ 27” East a distance of 195.32 feet; thence South 03° 40’ 57” seconds East a distance of 568.63 feet; thence South 46° 25’ 38” West a distance of 223.80 feet; thence North 75° 26’ 46” West a distance of 391.64 feet; thence North 14° 02’ 43” East a distance of 663.82 feet; thence South 86° 33’ 27” East a distance of 108.89 feet; thence North 03° 53’ 30” East a distance of 1534.59 feet, to the point of beginning.

Tract 21

Fee Owner: Wayne & Janet Jerzak Family Limited Partnership, a Minnesota limited partnership

File Number: 01040-20836a

PIN: 05-0064-010

The East Half of the Northwest Quarter and the West Half of the Northeast Quarter and the West Half of the Southeast Quarter all of Section 13, Township 113 North of Range 46 West of the 5th Principal Meridian, Lincoln County, Minnesota

Save And Except

All that part of the West Half of the Northeast Quarter (W1/2 of NE1/4) and all that part of the East Half of the Northwest Quarter (E1/2 of NW1/4) in Section 13, Township 113 North, Range 46 West, Lincoln County, Minnesota being more particularly described as follows: Commencing at the northwest corner of said Northeast Quarter; thence North 90° 00’ 00” East, assumed bearing, along the north line of said Northeast Quarter, a distance of 187.78 feet, to the point of beginning; thence continuing North 90° 00’ 00” East, along said north line, a distance of 40.09 feet; thence South 03° 53’ 30” West a distance of 1536.99 feet; thence South 86° 33’ 27” East a distance of 195.32 feet; thence South 03° 40’ 57” East a distance of 568.63 feet; thence South 46° 25’ 38” West a distance of 223.80 feet; thence North 75° 26’ 46” West a distance of 391.64 feet; thence North 14° 02’ 43” East a distance of 663.82 feet; thence South 86° 33’ 27” East a distance of 108.89 feet; thence North 03° 53’ 30” East a distance of 1534.59 feet, to the point of beginning.

A-6

Tract 22

Fee Owner: Sigmund D. Armitage and Joan C. Armitage, Trustees, or their successors in trust, under the Sigmund D. Armitage Revocable Living Trust dated April 1, 2014; Joan C. Armitage and Sigmund D. Armitage, Trustees, or their successors in trust, under the Joan C. Armitage Revocable Living Trust dated April 1, 2014; Diane Solting and Alan Solting, wife and husband; Lois Teigland, a single person; and Constance A. Nylen aka Connie Nylen and Val W. Nylen, wife and husband

File Number: 01040-21098e

PIN: 05-0065-000

The East Half of the Northeast Quarter (E1/2 of NE1/4) and the North 389’ of East 560’ of the Northeast Quarter of the Southeast Quarter (NE1/4 of SE1/4) of Section 13, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 23

Fee Owner: Steven J. Kontz and James R. Kontz, as Trustees of the Richard W. Kontz Family Trust U/A Revocable Living Trust dated November 29, 1996

File Number: 01040-20836k

PIN: 05-0066-000

The Southwest Quarter (SW1/4) of Section 13 in Township 113 North of Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Being Abstract Land.

Tract 24

Fee Owner: George Skorczewski, Trustee of the George Skorczewski Revocable Living Trust Agreement dated August 25, 2004

File Number: 01040-21109y

PIN: 05-0068-000

The West Half (W1/2) of Section 14, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 25

Fee Owner: Todd Miller, a single person; Steven J. Kontz and James R. Kontz, as Trustees of the Richard W. Kontz Family Trust U/A Revocable Living Trust dated November 29, 1996

File Number: 01040-20836k

PIN: 05-0069-000

The Northeast Quarter (NE1/4) of Section 14, in Township 113 North of Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Being Abstract Land.

Tract 26

Fee Owner: Carol A. Olsen and Donald E. Olsen, Trustees of the Carol A. Olsen Revocable Living Trust dated September 5, 2008; and Donald E. Olsen, Trustee of the Donald E. Olsen Revocable Living Trust dated September 5, 2008

File Number: 01040-21106u

PIN: 05-0070-000

Southeast Quarter (SE1/4) of Section 14, Township 113 North of Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

A-7

Tract 27

Fee Owner: Curtis Coners and Jeanine Coners, husband and wife

File Number: 01040-21099s

PIN: 05-0071-000

West Half (W1/2) of Section 15, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 28

Fee Owner: Mark Skorczewski and Mitzi Skorczewski, husband and wife

File Number: 01040-21109z

PIN: 05-0072-000

All that part of the Southeast Quarter of the Northeast Quarter (SE1/4 of NE1/4) of Section 15, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota, being more particularly described as follows:

Commencing at the Southeast corner of said Northeast Quarter (NE1/4); thence North 00° 24’ 13” East, bearing based on Minnesota State Plane Coordinate System Lincoln County Datum, along the East line of said Northeast Quarter, a distance of 589.45 feet to the point of beginning; thence continuing North 00° 24’ 13” East a distance of 140.55 feet; thence South 88° 44’ 29” West a distance of 425.55 feet; thence North 06° 03’ 39” East a distance of 402.59 feet; thence South 82° 05’ 56” West a distance of 446.39 feet; thence South 55° 55’ 55” West a distance of 246.88 feet; thence South 00° 37’ 30” West a distance of 387.17 feet; thence South 81° 44’ 13” East a distance of 224.27 feet; thence North 83° 50’ 28” East a distance of 815.60 feet to the point of beginning.

Tract 29

Fee Owner: Alice Skorczewski, Trustee of the Alice Skorczewski Revocable Living Trust Agreement dated August 25, 2004

File Number: 01040-21109x

PIN: 05-0072-010

The East Half (E1/2) of Section 15, Section 15, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

Commencing at the Southeast corner of said Northeast Quarter (NE1/4); thence North 00° degrees 24’ minutes 13” seconds East, bearing based on Minnesota State Plane Coordinate System Lincoln County Datum, along the East line of said Northeast Quarter, a distance of 589.45 feet to the point of beginning; thence continuing North 00° 24’ 13” East a distance of 140.55 feet; thence South 88° 44’ 29” West a distance of 425.55 feet; thence North 06° 03’ 39” East a distance of 402.59 feet; thence South 82° 05’ 56” West a distance of 446.39 feet; thence South 55° 55’ 55” West a distance of 246.88 feet; thence South 00° 37’ 30” West a distance of 387.17 feet; thence South 81° 44’ 13” East a distance of 224.27 feet; thence North 83° 50’ 28” East a distance of 815.60 feet to the point of beginning.

A-8

Tract 30

Fee Owner: D Kremer, LLC, a Minnesota limited liability company

File Number: 01040-21112x

PIN: 05-0079-000

The Southeast Quarter of the Northeast Quarter (SE1/4 of NE1/4) and the Northeast Quarter of the Southeast Quarter (NE1/4 of SE1/4) of Section 16, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

That part of the Southeast Quarter of the Northeast Quarter (SE1/4 of NE1/4) of Section 16, Township 113 North, Range 46 West, Lincoln County, Minnesota, described as follows:

Commencing at the east Quarter corner of said Section 16; thence North 00° 42’ 50” West, assumed bearing along the east line of the Northeast Quarter (NE1/4) of said Section, a distance of 1202.99 feet to the point of beginning of the tract to be described; thence continuing North 00° 42’ 50” West, along said east line, a distance of 120.00 feet to the northeast corner of the Southeast Quarter of the Northeast Quarter (SE1/4 of NE1/4) of said Section; thence South 88° 54’ 39” West, along the north line of said Southeast Quarter of the Northeast Quarter (SE1/4 of NE 1/4), a distance of 1331.85 feet to the northwest corner of said Southeast Quarter of the Northeast Quarter (SE1/4 of NE1/4); thence South 00° 33’ 53” East, along the west line of said Southeast Quarter of the Northeast Quarter (SE1/4 of NE1/4), a distance of 595.00 feet; thence North 88° 54’ 41” East a distance of 730.00 feet; thence North 00° 33’ 25” West a distance of 475.00 feet; thence North 88° 54’ 39” East a distance of 602.10 feet to the point of beginning.

Tract 31

Fee Owner: Terry Milton and Janell L. Milton, husband and wife

File Number: 01040-21104s

PIN: 05-0090-000

Government Lot numbered 1; the Northeast Quarter (NE1/4); and the Northwest Quarter of the Southeast Quarter (NW1/4 of SE1/4), all of Section 19, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 32

Fee Owner: Gordon L. Engesmoe aka Gordon Engesmoe and Bonnie Engesmoe, husband and wife; Lori McKirdy fka Lori Lovseth and Bruce McKirdy, wife and husband; and Paul Engesmoe and Lori Engesmoe, husband and wife

File Number: 01040-21100j

PIN: 05-0091-000

Government Lot 2, Section 19, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 33

File Number: 01040-21100j

PIN: 05-0092-000

The Southwest Quarter of the Southeast Quarter (SW1/4 of SE1/4) Section 19, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

A-9

Tract 34

Fee Owner: Joseph Engesmoe and Helen Engesmoe, Trustees of the Joseph Engesmoe and Helen Engesmoe Revocable Living Trust dated February 18, 2005

File Number: 01040-21100m

PIN: 05-0093-000

East Half of the Southeast Quarter (E1/2 of SE1/4) of Section 19, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 35

Fee Owner: Lori A. McKirdy and Bruce McKirdy, wife and husband; and Paul R. Engesmoe and Lori Engesmoe, husband and wife

File Number: 01040-21100p

PIN: 05-0095-000

West Half of the Southwest Quarter (W1/2 of SW1/4) and South Half of the Northwest Quarter (S1/2 of NW1/4), Section 20, Township 113 North, Range 46 West, of the Fifth Principal Meridian, Lincoln County, Minnesota, EXCEPTING The following described tracts, to-wit:

Tract 1:

All that part of the South Half of the Northwest Quarter (S1/2 of NW1/4) and that part of the

West Half of the Southwest Quarter (W1/2 of SW1/4), Section 20, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota, all described as follows:

Beginning at the northeast corner of said West Half of the Southwest Quarter (W1/2 of SW1/4); thence South 00° 11’ 48” West, on an assumed bearing, along the east line of the West Half of the Southwest Quarter (W1/2 of SW1/4), 1,591.16 feet; thence ten courses; North 68° 36’ 28” West, 748.54 feet; North 00° 10’ 44” East, 885.97 feet; North 88° 18’ 10” East, 30.25 feet; North 27° 23’ 32” East, 167.31 feet; North 27° 14’ 11” East, 182.79 feet; North 17° 25’ 54” East, 158.74 feet; North 19° 39’ 28” West, 386.83 feet; North 63° 50’ 04” East, 355.31 feet; South 65° 52’ 50” East, 773.93 feet; South 59° 15’ 37” East, 478.73 feet to the south line of said South Half of the Northwest Quarter (S1/2 of NW1/4); thence North 89° 24 ‘31” West, along said south line, 845.41 feet to the place of beginning, containing 32.33 acres, more or less;

Tract 2

All that part of the West Half of the Southwest Quarter (W1/2 of SW1/4), in section 20, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota, described as follows:

Beginning on the west line of the West Half of the Southwest Quarter (W1/2 of SW1/4) of said section 20, South 00° 10’ 23” West, on an assumed bearing, 317.98 feet from the northwest corner of said West Half of the Southwest Quarter (W1/2 of SW1/4); thence North 88° 18’ 10” East, 730.17 feet to the westerly line of the above described Tract 1; thence two courses along the boundary of said Tract 1, South 27° 23’ 32” West, 167.31 feet; South 88° 18’ 10” West, 30.25 feet; thence leaving said Tract 1 boundary and continuing south 88° 18’ 10” West, 623.35 feet to the West line of said West Half of the Southwest Quarter (W1/2 of SW1/4); thence North 00° 10’ 23” East, along said West line, 146.27 feet to the place of beginning.

A-10

Tract 3:

All that part of the Southwest Quarter of the Northwest Quarter (SW1/4 of NW1/4) of Section 20, Township 113 North, Range 46 West of the fifth Principal Meridian, described as follows, to-wit:

Beginning at the Northwest corner of said Southwest Quarter of the Northwest Quarter (SW1/4 of NW1/4), thence South along the West line of said Section, a distance of 890 feet; thence in a Northeasterly direction, to the Northeast corner of said Southwest Quarter of the Northwest Quarter (SW1/4 of NW1/4); thence West, along the North line of said Southwest Quarter of the Northwest Quarter, to the point of beginning, Lincoln County, Minnesota.

Also Save and Except

All that part of Lot 1, Block 1 of Pearson’s Second Subdivision in the City of Hendricks, as filed and recorded in the office of the County Recorder in and for Lincoln County, Minnesota, lying southeasterly of the following described line: Commencing at the southwesterly corner of said Lot 1; thence North 18° 11’ 46” West, bearing based on Minnesota State Plane Coordinate System Lincoln County Datum, along the westerly line of said Lot 1, a distance of 75.69 feet, to the point of beginning of said line to be described; thence North 72° 03’ 15” East a distance of 110.00 feet, to a point on the easterly line of said Lot 1, said line there terminating.

Tract 36

Fee Owner: Gerald E. Pavek and Laurie Ann Pavek a/k/a Laurie A. Pavek, husband and wife

File Number: 01040-21112z

PIN: 05-0096-000

North Half of the Northeast Quarter (N1/2 of NE1/4) Section 20, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 37

Fee Owner: Darrel D. Johnson a/k/a Darrel Johnson and Donna M. Johnson a/k/a Donna Johnson, husband and wife

File Number: 01040-21101r

PIN: 05-0099-010

The North Half of the Southeast Quarter (N1/2 of SE1/4) of Section 20, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 38

Fee Owner: Darrel D. Johnson a/k/a Darrel Johnson and Donna M. Johnson a/k/a Donna Johnson, husband and wife

File Number: 01040-21101r

PIN: 05-0099-020

South Half of the Northeast Quarter (S1/2 of NE1/4), Section 20, Township 113 North, Range 46 West, Lincoln County, Minnesota

Save and Except

A-11

Commencing at the northeast corner of said Northeast Quarter (NE1/4); thence South 00° 00’ 00” East, assumed bearing, along the east line of said Northeast Quarter, a distance of 1677.70 feet; thence North 90° 00’ 00” West a distance of 410.00 feet to the point of beginning; thence South 00° 00’ 00” East a distance of 37.00 feet; thence South 78° 27’ 17” West a distance of 118.52 feet; thence South 50° 28’ 58” West a distance of 120.06 feet; thence South 77° 28’ 53” West a distance of 187.13 feet; thence North 11° 41’ 46” West a distance of 94.16 feet; thence North 90° 00’ 00” West; a distance of 432.70 feet; thence North 00° 00’ 00” East a distance of 436 feet, more of less to a point on the North line of said South Half of the Northeast Quarter, said point hereafter known as Point “A”; beginning again at said point of beginning; thence North 00° 00’ 00” East a distance of 351 feet, more or less, to a point on said North line; thence Westerly, along said North line, a distance of 843 feet, more or less, to Point “A”, said description there terminating.

Tract 39

Fee Owner: D Kremer, LLC, a Minnesota limited liability company

File Number: 01040-21113c

PIN: 05-0100-000

The South Half of the Northwest Quarter (S1/2 of NW1/4) of Section 21 in Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

Commencing at the Southwest corner of the Northwest Quarter (NW1/4) of Section 21, thence East along and on the South line of the said Northwest Quarter (NW1/4) a distance of 160 rods to the center point of said Section 21; thence North a distance of 33 feet; thence West a distance of 160 rods parallel with and 33 feet distant from the South line of the said Northwest Quarter (NW1/4) to the section line of the West side of the said Section 21; thence South along said West section line to the place of beginning, Lincoln County, Minnesota.

Tract 40

Fee Owner: Hansonville Cemetery Association

File Number: 01040-21113e

PIN: 05-0103-000

Commencing at a point on the Section line 951 feet South of the Northeast corner of Section 21, Township 113 North, Range 46 West, thence North 89° 00’ West for a distance of 989 feet, thence South 01° 00’ West for a distance of 172 feet thence South 89° 00’ East for a distance of 989 feet to Section line, thence North on Section line for a distance of 172 feet to point of beginning, said tract of land containing 3.9 Acres, more or less.

Tract 41

Fee Owner: Orwill John Wigen, Jr. and Lorraine J. Wigen, husband and wife

File Number: 01040-21112j

PIN: 05-0107-000

Northeast Quarter of the Northwest Quarter of Section 22, Township 113 North of Range 46 West of the 5th Principal Meridian, Lincoln County, Minnesota.

Tract 42

Fee Owner: Michael Bonde, as successor in interest to Mary Elizabeth Bonde aka Mary E. Bonde, a single person

File Number: 01040-21098t

PIN: 05-0107-020

South Half of the South Half of the Northwest Quarter (S1/2 of S1/2 of NW1/4), Section 22, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Abstract Land

A-12

Tract 43

Fee Owner: Martin Luther Wigen and Alvina A. Wigen, husband and wife

File Number: 01040-21112h

PIN: 05-0107-030

Northwest Quarter of the Northwest Quarter (NW/14 of NW1/4) Section 22, Township 113 North of Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 44

Fee Owner: Brian Kremer and Katie Kremer, husband and wife

File Number: 01040-21103f

PIN: 05-0108-000

The Northeast Quarter (NE1/4), Section 22, Township 113 North, Range 46 West, Lincoln County, Minnesota.

Tract 45

Fee Owner: Kaye S. Reishus and Sharon C. Reishus, husband and wife

File Number: 01040-21108s

PIN: 05-0109-000

The West Half of the Southwest Quarter (W1/2 of SW1/4), Section 22, Township 113, Range 46, Lincoln County, Minnesota.

Tract 46

Fee Owner: Curtis Coners and Jeanine Coners, husband and wife

File Number: 01040-21099s

PIN: 05-0110-000

The Northeast quarter of the Southwest quarter (NE1/4 of SW1/4) of Section 22, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 47

Fee Owner: Curtis Coners and Jeanine Coners, husband and wife

File Number: 01040-21099s

PIN: 05-0111-000

The Southeast Quarter of the Southwest Quarter (SE1/4 of SW1/4) of Section 22, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 48

Fee Owner: David B. Olson and Gaylyne F. Olson, husband and wife

File Number: 01040-21107q

PIN: 05-0112-000

The Southeast Quarter (SE1/4) of Section 22, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

A-13

Tract 49

Fee Owner: Curtis Coners and Jeanine Coners, husband and wife

File Number: 01040-21099s

PIN: 05-0113-000

The North Half of the Northwest Quarter (N1/2 of NW1/4) and the North Half of the Northeast Quarter (N1/2 of the NE1/4) of Section 23, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 50

Fee Owner: S & D Johnson Family, LLC, a Minnesota limited liability company

File Number: 01040-21102p

PIN: 05-0114-000

The South Half of the Southwest Quarter (S1/2 of SW1/4) and Northeast Quarter of Southwest Quarter (NE1/4 of SW1/4) the South Half of the Northwest Quarter (S1/2 of NW1/4) and the Northwest Quarter of the Southwest Quarter (NW1/4 of SW1/4), all in Section 23, Township 113 North, Range (46) West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Being Abstract Land.

Tract 51

Fee Owner: Richard A. Olsen and Glenda K. Olsen, Trustees of the Richard A. Olsen and Glenda K. Olsen Revocable Living Trust dated March 13, 2015

File Number: 01040-21107f

PIN: 05-0117-000

The South Half of the Northeast quarter (S1/2 of NE1/4) and the North Half of the Southeast quarter (N1/2 of SE1/4) of Section 23, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota,

Save and Except

That portion conveyed in Warranty Easement Deed filed March 20, 2015 as Document No. 2015-000271, more particularly described as follows:

Beginning at the northeast corner of the South Half of said Northeast Quarter (S1/2 of NE1/4); thence North 89° 42’ 08” West, bearing based on Lincoln County Coordinate System, along the north line of said South Half, a distance of 1158.00 feet; thence North 89° 49’ 08” West 906.28 feet; thence South 88° 50’ 00” West a distance of 254.82 feet; thence North 89° 10’ 40” West a distance of 329.47 feet; thence South 00° 11’ 27” a distance of 1045.90 feet; thence South 00° 27’ 51” West a distance of 1588.62 feet; thence South 89° 18’ 48” East a distance of 1239.07 feet; thence North 02° 22’ 03” West a distance of 527.76 feet; thence North 24° 51’ 18” West a distance of 107.76 feet; thence North 32° 34’ 53” West a distance of 1082.09 feet; thence North 01° 44’ 04” East 563.20 feet; thence North 63° 08’ 43” East a distance of 310.14 feet; thence North 29° 05’ 42” East a distance of 50.39 feet; thence South 86° 22’ 59” East a distance of 1755.53 feet, to a point on the east line of said Northeast Quarter; thence North 00° 39’ 20” East, along said east line, a distance of 467.71 feet, to the point of beginning.

Tract 52

File Number: 01040-21106u

PIN: 05-0118-000

South Half of the Southeast Quarter (S1/2 of SE1/4) of Section 23, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County Minnesota.

A-14

Tract 53

File Number: 01040-21106u

PIN: 05-0119-000

Northwest Quarter of the Northwest Quarter (NW1/4 of NW1/4), Section 24, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 54

Fee Owner: Richard A. Olsen and Glenda K. Olsen, Trustees of the Richard A. Olsen and Glenda K. Olsen Revocable Living Trust dated March 13, 2015

File Number: 01040-21107f

PIN: 05-0120-000

Southwest Quarter of the Northwest Quarter (SW1/4 of NW1/4) of Section 24, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 55

Fee Owner: Bruce H. Dushack and Judith A. Dushack, Trustees of the Bruce H. Dushack & Judith A. Dushack Revocable Trust UTD 9/7/11 FBO Same

File Number: 01040-21100d

PIN: 05-0121-000

North Half of the Northeast Quarter (N1/2 of NE1/4) of Section 24, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 56

Fee Owner: Richard A. Olsen and Glenda K. Olsen, Trustees of the Richard A. Olsen and Glenda K. Olsen Revocable Living Trust dated March 13, 2015

File Number: 01040-21107f

PIN: 05-0123-000

East Half of the Northwest Quarter (E1/2 of NW1/4), and the South half of the Northeast Quarter (S1/2 of NE1/4) of Section 24, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota,

Save and Except

That portion that was sold to the State of Minnesota, described as follows: All that part of the South half of the Northeast quarter (S1/2 NE1/4) of Section 24, Township 113 North, Range 46 West of the fifth principal meridian lying Easterly and Southerly of the following described lines:

Commencing at the East quarter corner of said Section 24, Thence North 89 degrees 48 minutes West 2116.4 feet on and along the East-West Quarter line of said Section 24 to the point of beginning; Thence North 05 degrees 09 minutes East 511.9 feet; Thence North 39 degrees 19 minutes East 323.4 feet;

Thence North 85 degrees 24 minutes East 440.1 feet; Thence North 26 degrees 26 minutes East 372.0 feet; Thence North 03 degrees 18 minutes East 191.8 feet to the North one-sixteenth (1/16^th) line of said Section 24 and there terminating, containing 52.8 acres, more or less;

A-15

Tract 57

Fee Owner: Darrel D. Johnson a/k/a Darrel Johnson and Donna M. Johnson a/k/a Donna Johnson, husband and wife

File Number: 01040-21101r

PIN: 05-0124-000

The West Half of the Southwest Quarter (W1/2 SW1/4) in Section 24, Township 113 North, Range 46 West of the Fifth Principal Meridian, County of Lincoln, State of Minnesota.

Tract 58

Fee Owner: Darrel D. Johnson a/k/a Darrel Johnson and Donna M. Johnson a/k/a Donna Johnson, husband and wife

File Number: 01040-21101r

PIN: 05-0125-000

The East Half of the Southwest Quarter (E1/2 SW1/4) in Section 24, Township 113 North, Range 46 West of the Fifth Principal Meridian, County of Lincoln, State of Minnesota.

Tract 59

Fee Owner: Wendy J. Sterzinger f/k/a Wendy J. Schalek f/k/a Wendy Jean Schalek f/k/a Wendy Jean Schalek-Rouse f/k/a Wendy Rouse and William Sterzinger, wife and husband

File Number: 01040-21111j

PIN: 05-0126-010

The Southeast Quarter (SE1/4) of Section 24 in Township 113 North of Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

All that part of the North Half of the Southeast Quarter (N1/2 of SE1/4), Section 24, Township 113 North, Range 46 West of the fifth Principal Meridian, Lincoln County, Minnesota, bounded by the following described lines: to find the point of beginning, commence at the East quarter corner of said Section 24, thence North 89° 48’ West, 453.7 feet along the east-west quarter line of said Section 24 to the point of beginning; thence North 89° 48’ West, 1650.0 feet along the east-west quarter line of said Section 24, thence South 00° 12’ West, 792.0 feet, thence South 89° 48’ East, 1650.0 feet, thence North 00° 12’ East, 792.0 feet to the point of beginning;

Also Save and Except

The East 650 feet of the South 460 feet of the Southeast Quarter (SE1/4) of Section 24, in Township 113 North of Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 60

Fee Owner: Wendy J. Sterzinger f/k/a Wendy J. Schalek f/k/a Wendy Jean Schalek f/k/a Wendy Jean Schalek-Rouse f/k/a Wendy Rouse and William Sterzinger, wife and husband

File Number: 01040-21111h

PIN: 05-0131-000

The East Half of the Northeast Quarter (E1/2 of NE1/4) of Section 25 in Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

A-16

Save and Except

All that part of the East half of the Northeast quarter (E1/2 of NE1/4), Section 25, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota, bounded by the following described lines: to find the point of beginning commence at the north-east corner of said Section 25, thence North 89° 54’ West, 1335.5 feet along north line of said Section 25 to the east 1/16 corner of said section, thence South 00° 39’ East, 594.0 feet along east 1/16 line of said Section 25 to the point of beginning; thence South 00° 39’ East, 1336.4 feet along east 1/16 line of said Section 25, thence North 43° 39’ East, 637.8 feet, thence North 00° 39’ West, 874.1 feet, thence North 89° 54’ West, 445.5 feet to the point of beginning.

Tract 61

Fee Owner: John O. Olson a/k/a John Olson and Denise I. Olson a/k/a Denise Olson, husband and wife

File Number: 01040-21106x

PIN: 05-0133-000

The West Half of the Southwest Quarter of Section 25, Township 113 North, Range 46 West of the 5th Principal Meridian, Lincoln County, Minnesota.

Tract 62

Fee Owner: Raymond P. Lacek and Theresa Lacek, husband and wife

File Number: 01040-21103w

PIN: 05-0134-000

The East half of the Southwest quarter (E1/2 of SW1/4) of Section 25, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 63

Fee Owner: William Sterzinger and Wendy Schalek n/k/a Wendy Sterzinger, husband and wife as successors in interest to Barbara A. Schalek, a single person; and William Sterzinger and Wendy Schalek n/k/a Wendy Sterzinger, husband and wife

File Number: 01040-21111k

PIN: 05-0135-000

Southeast Quarter (SE1/4) of Section 25, Township 113 North of Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

From the Southeast quarter of the Southeast quarter (SE1/4 of SE1/4) of said Section 25, the school house lot heretofore conveyed to School District No. 72 by deed recorded in the Office of the County Recorder of said Lincoln County, Minnesota, in Volume “39” of Deeds on page 443, being the same real estate conveyed to the Union Central Life Insurance Company by Sheriff’s Certificate dated October 9, 1936, and recorded in Volume “57” of Deeds on page 244 of the Records of Lincoln County, Minnesota,

A-17

Also Save and Except

The following described parcel: Commencing at a point on the East section line of Section 25, 841.50 feet Northerly of the southeast corner of the Southeast quarter of the Southeast quarter (SE1/4 of SE1/4) of said Section 25; thence Westerly at a right angle to said section line a distance of 417.0 feet; thence Northerly at a right angle a distance of 560.0 feet; thence Easterly at a right angle a distance of 417.0 feet, more or less, to a point on the East section line of said Section 25; thence Southerly along said section line a distance of 560.0 feet, more or less, to the point of beginning; with a right of access for ingress and egress for the sellers, their agents, visitors, successors and/or assigns, to the excepted premises described above over the approach and driveway to the property.

AND

All that part of the Southeast Quarter (SE1/4) of Section 25, Township 113 North of Range (46) West of the Fifth Principal Meridian, Lincoln County, Minnesota, described as follows:

Commencing at a point on the East section line of Section 25, 841.50 feet Northerly of the southeast corner of the Southeast quarter of the Southeast quarter (SE1/4 of SE1/4) of said Section 25; thence Westerly at a right angle to said section line a distance of 417.0 feet; thence Northerly at a right angle a distance of 560.0 feet; thence Easterly at a right angle a distance of 417.0 feet, more or less, to a point on the East section line of said Section 25; thence Southerly along said section line a distance of 560.0 feet, more or less, to the point of beginning; with a right of access for ingress and egress for the sellers, their agents, visitors, successors and/or assigns, to the excepted premises described above over the approach and driveway to the property.

Tract 64

Fee Owner: John O. Olson a/k/a John Olson and Denise I. Olson a/k/a Denise Olson, husband and wife

File Number: 01040-21106x

PIN: 05-0136-000

Northwest Quarter excepting therefrom the East 8 rods of the North 20 rods of Section 26, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 65

Fee Owner: John O. Olson a/k/a John Olson and Denise I. Olson a/k/a Denise Olson, husband and wife

File Number: 01040-21106x

PIN: 05-0137-000

Northeast Quarter and the East 8 rods of the North 20 rods of the Northwest Quarter of Section 26, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 66

Fee Owner: Daniel R. Christianson, as Trustee, and Joanne M. Christianson, as Trustee, or the successor(s) in Trust, under the Christianson Revocable Trust Agreement dated 18 April, 2006

File Number: 01040-21099e

PIN: 05-0138-000

Southwest Quarter of Section 26, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 67

Fee Owner: John O. Olson a/k/a John Olson and Denise I. Olson a/k/a Denise Olson, husband and wife

File Number: 01040-21106x

PIN: 05-0139-000

The Southeast Quarter of Section 26, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

A-18

Tract 68

Fee Owner: Mark D. Thooft and Lori L. Thooft, husband and wife

File Number: 01040-21111r

PIN: 05-0140-000

The Northwest Quarter (NW1/4) and the Northwest Quarter of the Northeast Quarter (NW1/4 of NE1/4) of Section 27 in Township 113 North, Range 46 west of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 69

Fee Owner: John O. Olson a/k/a John Olson and Denise I. Olson a/k/a Denise Olson, husband and wife

File Number: 01040-21106x

PIN: 05-0141-000

Northeast Quarter of the Northeast Quarter of Section 27, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Being Abstract Land.

Tract 70

Fee Owner: Kathleen M. Utke and Thomas H. Utke, as Co-Trustees of the Kathleen M. Utke Revocable Living Trust dated the 29th day of July, 2014; David Christianson, a single person; and Edna G. Christianson, a single person

File Number: 01040-21099k

PIN: 05-0142-000

The South Half of the Northeast Quarter (S1/2 of NE1/4), and the Southeast Quarter (SE1/4), Section 27, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 71

Fee Owner: Daniel R. Christianson, as Trustee, and Joanne M. Christianson, as Trustee, or the successor(s) in Trust, under the Christianson Revocable Trust Agreement dated 18 April, 2006

File Number: 01040-21099e

PIN: 05-0143-000

The North Half of the Southwest Quarter (N1/2 of SW1/4), Section 27, Township 113, Range 46, Lincoln County, Minnesota

Tract 72

Fee Owner: Daniel R. Christianson, as Trustee, and Joanne M. Christianson, as Trustee, or the successor(s) in Trust, under the Christianson Revocable Trust Agreement dated 18 April, 2006

File Number: 01040-21099e

PIN: 05-0144-000

The South Half of the Southwest Quarter (S1/2 of SW1/4), Section 27, Township 113, Range 46, Lincoln County, Minnesota

Save and Except

A-19

Commencing at the South Quarter Corner of said Section 27; thence North 90° 00’ 00” West along the South line of said Southwest Quarter for a distance of 353.75 feet to the Point of Beginning; thence North 90° 00’ 00” West along said South line of Southwest Quarter for a distance of 147.58 feet; thence North 00° 00’ 00” East for a distance of 147.58 feet; thence South 90° 00’ 00” East for a distance of 147.58 feet; thence South 00° 00’ 00” West for a distance of 147.58 feet to the Point of Beginning.

The bearing of the South line of said Southwest Quarter is assumed to be North 90° 00’ 00” West.

Tract 73

Fee Owner: Janice K. Moen a/k/a Janice Moen and Jeffry L. Moen, wife and husband; Charles R. Anderson, as Trustee of the Charles R. Anderson Irrevocable Trust dated the 3rd day of June, 2015; and Joyce M. Anderson, as Trustee of the Joyce M. Anderson Irrevocable Trust dated the 3rd day of June, 2015

File Number: 01040-21104v

PIN: 05-0154-000

The West One-Half of the Northwest Quarter (W1/2 of NW1/4); and the Southwest Quarter (SW1/4); and Government Lots 2, 3 and 4, all in Section 29, Township 113 North, Range 46, West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 74

Fee Owner: Jeffrey L. Moen a/k/a Jeff Moen and Janice K. Moen a/k/a Janice Moen a/k/a Jan Moen, husband and wife

File Number: 01040-21104w

PIN: 05-0154-010

Government Lot 1, Section 29, Township 113 North, Range 46 West of the Fifth Principal Meridian., Lincoln County, Minnesota

Tract 75

Fee Owner: Jeffrey L. Moen a/k/a Jeff Moen and Janice K. Moen a/k/a Janice Moen a/k/a Jan Moen, husband and wife

File Number: 01040-21104w

PIN: 05-0155-000

Southwest Quarter of the Southeast Quarter (SW1/4 of SE1/4), Section 29, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 76

Fee Owner: Steven J. Kontz and James R. Kontz, as Trustees of the Richard W. Kontz Family Trust U/A Revocable Living Trust dated November 29, 1996

File Number: 01040-20836k

PIN: 05-0156-000

Government Lot Five (5) in Section Twenty-nine (29), Township One Hundred Thirteen (113) North of range Forty-six (46) West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Being Abstract Land.

A-20

Tract 77

Fee Owner: Laura Sherman, a single person

File Number: 01040-21109t

PIN: 05-0157-000

All that part of the Northeast Quarter (NE1/4), Section 30, Township 113 North, Range 46 West, Lincoln County, Minnesota, being more particularly described as follows:

Commencing at the southeast corner of said Northeast Quarter; Thence North 00° 31’ 20” East, bearing based on Minnesota State Plane Coordinate System Lincoln County Datum, along the east line of said Northeast Quarter, a distance of 804.77 feet; Thence North 88° 30’ 46” West a distance of 501.35 feet to the point of beginning; Thence continuing North 88° 30’ 46” West a distance of 545.28 feet; Thence North 00° 18’ 22” East a distance of 403.71 feet; Thence North 03° 51’ 53” West a distance of 255.41 feet; Thence South 89° 01’ 56” East a distance of 588.49 feet; Thence South 02° 26’ 27” West a distance of 663.35 feet to the point of beginning.

Together with A 30 foot ingress and egress easement lying northerly of and adjacent to the following described line: Commencing at the southeast corner of the above described tract; Thence North 02° 26’ 27” East, along the east line of the above described tract, a distance of 299.85 feet to the point of beginning of said line to be described; Thence South 87° 29’ 31” East a distance of 319.32 feet to the westerly right of way line of Minnesota Trunk Highway Number 271, said line there terminating.

The North line of said easement is to be prolonged or shortened to begin on the east line of the above described tract and terminate on said westerly right of way line.

Tract 78

Fee Owner: Laura Sherman, a single person

File Number: 01040-21109t1

PIN: 05-0157-005

All that part of the Northeast Quarter of Section 30, Township 113 North, Range 46 West, Lincoln County, Minnesota, being more particularly described as follows:

Commencing at the southeast corner of said Northeast Quarter; Thence North 00° 31’ 20” East, bearing based on Minnesota State Plane Coordinate System Lincoln County Datum, along the east line of said Northeast Quarter, a distance of 804.77 feet; Thence North 88° 30’ 46” West a distance of 501.35 feet; Thence North 02° 26’ 27” East a distance of 329.85 feet to the point of beginning; Thence South 87° 29’ 31” East a distance of 307.90 feet to a point on the westerly right of way line of Minnesota Trunk Highway Number 271, said point hereafter known as Point A;

Beginning again at said point of beginning; Thence North 02° 26’ 27” East a distance of 333.50 feet; Thence South 89° 01’ 56” East a distance of 134.12 feet to a point on said westerly right of way line; Thence southeasterly, along said westerly right of way line, along a non-tangential curve, concave to the southwest, having a central angle of 11° 52’ 08”, a radius of 1835.08 feet, an arc length of 380.14 feet, and a chord that bears South 24° 49’ 20” East, to said Point A, said description there terminating.

Tract 79

Fee Owner: Gordon W. Ommen and Jerilynn Ommen, husband and wife

File Number: 01040-21108b

PIN: 05-0157-010

Northeast quarter of Section 30, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

A-21

Commencing at the southeast corner of said Northeast Quarter; thence North 00° 31’ 20” East, bearing based on Minnesota State Plane Coordinate System Lincoln County Datum, along the east line of said Northeast quarter, a distance of 804.77 feet; thence North 88° 30’ 46” West a distance of 501.35 feet to the point of beginning; thence continuing North 88° 30’ 46” West a distance of 545.28 feet; thence North 00° 18’ 22” East a distance of 403.71 feet; thence North 03° 51’ 53” West a distance of 255.41 feet; thence south 89° 01’ 56” East a distance of 588.49 feet; thence south 02° 26’ 27” West a distance of 663.35 feet to the point of beginning.

Together with a 30 foot ingress and egress easement lying northerly of and adjacent to the following described line: Commencing at the southeast corner of the above described tract; thence North 02° degrees 26’ minutes 27” seconds East, along the east line of the above described tract, a distance of 299.85 feet to the point of beginning of said line to be described; thence South 87’ degrees 29’ minutes 31” seconds East a distance of 319.32 feet to the westerly right of way line of Minnesota Trunk Highway Number 271, said line there terminating. The north line of said easement is to be prolonged or shortened to begin on the east line of the above described tract and terminate on said westerly right of way line.

Also Save and Except

All that part of the Northeast quarter of Section 30, commencing at the southeast corner of said Northeast quarter; thence North 00° 31’ 20” East, bearing based on Minnesota State Plane Coordinate System Lincoln County Datum, along the east line of said Northeast quarter, a distance of 804.77 feet; thence North 88° 30’ 46” West a distance of 501.35 feet; thence North 02° 26’ 27” East a distance of 329.85 feet to the point of beginning; thence South 87° 29’ 31” East a distance of 307.90 feet to a point on the westerly right of way line of Minnesota Trunk Highway Number 271, said point hereafter known as Point A; beginning again at said point of beginning; thence North 02° 26’ 27” East a distance of 333.50 feet; thence South 89° 01’ 56” East a distance of 134.12 feet to a point on said westerly right of way line; thence southeasterly, along said westerly right of way line, along a non-tangential curve, concave to the southwest, having a central angle of 11° 52’ 08°, a radius of 1835.08 feet, an arc length of 380.14 feet, and a chord that bears South 24 ° 49’ 20” East, to said Point A, said description there terminating.

Tract 80

Fee Owner: John Hindbjorgen, a married person, as successor in interest to John Hindbjorgen, as Personal Representative of the estate of Audrey Ann Hindbjorgen aka Audrey Hindbjorgen

File Number: 01040-21101f

PIN: 05-0158-000

Southeast Quarter (SE1/4), Section 30 of Section 31, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

That portion bounded by the following described lines, to-wit: Beginning at the South corner of said Section 30; thence North 00° 24’ 10” East, 1307.87 feet on and along the North-South Quarter line of said Section 30; thence South 60° 07’ 13” East, 696.32 feet; thence South 02° 01’ 28” West, 964.93 feet to a point on the South line of said Section 30; thence North 89° 39’ 54” West, 413.24 feet on and along said South line of Section 30; thence South 00° 10’ 04” West, 1126.89 feet thence South 32° 08’ 58” East 228.33 feet to a point on the North sixteenth line of said Section 31; thence Westerly on and along said North sixteenth line to its intersection with the North-South quarter line of said Section 31; thence Northerly on and along said North-South quarter line to the North quarter corner of said Section 31 and the point of beginning.

A-22

Tract 81

Fee Owner: Daniel N. Konz and Debra L. Konz, husband and wife

File Number: 01040-21103d

PIN: 05-0160-000

Government Lots 1 and 2, Section 30, Township 113 North, Range 46 West of the Fifth Principal Meridian., Lincoln County, Minnesota

Save and Except

The South 1,684 feet of Lot 2, Section 30, Township 113 North, Range 46 West of the Fifth Principal Meridian., Lincoln County, Minnesota

Being Abstract Land

Tract 82

Fee Owner: Lola Hindbjorgen, Trustee of the Lola Hindbjorgen Revocable Living Trust, dated September 1, 2016

File Number: 16000332597-3/17000330424-231

PIN: 05-0162-000

The Northeast Quarter of the Northeast Quarter (NE1/4 of NE1/4) of Section 31, Township 113, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 83

Fee Owner: John Hindbjorgen, a married person, as successor in interest to John Hindbjorgen, as Personal Representative of the estate of Audrey Ann Hindbjorgen aka Audrey Hindbjorgen

File Number: 01040-21101f

PIN: 05-0164-000

Northwest Quarter of the Northeast Quarter (NW1/4 of NE1/4), of Section 31, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

Tract 84

Fee Owner: John Hindbjorgen, a married person, as successor in interest to John Hindbjorgen, as Personal Representative of the estate of Audrey Ann Hindbjorgen aka Audrey Hindbjorgen

File Number: 01040-21101f

PIN: 05-0165-000

South Half of the Northeast Quarter (S1/2 of NE1/4), Section 31, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

A-23

Save and Except

That part lying southerly and westerly of the following described lines: Beginning at the East quarter corner of Section 31; thence North 00° 30’ East, 33.0 feet on and along the East line of said section, thence South 88° 58’ West, 1320.9 feet; thence North 42° 24’ West, 232.7 feet; thence North 04° 45’ West, 100.0 feet; thence South 88° 44’ West, 197.0 feet; thence North 21° 44’ West, 565.0 feet; thence North 89° 00’ West, 104.8 feet thence North 10° 32’ West, 482.8 feet to a point on the North 1/16 line of said section and there terminating;

Also Save and Except

That part of the South half of the Northeast quarter of Section 31, Township 113 North, Range 46 West of the Fifth Principal Meridian, described as follows: Commencing at the east quarter corner of said Section 31; thence North 00° 30’ east a distance of 33 feet, on and along the east line of said section; thence South 88° 58’ west a distance of 1320.9 feet; thence North 42° 24’ west a distance of 232.7 feet; thence North 04° 45’ west a distance of 100.0 feet to the point of beginning; thence South 88° 44’ west a distance of 197.0 feet; thence North 21° 44’ west a distance of 565.0 feet; thence East a distance of 405.0 feet; thence South a distance of 523.0 feet to the point of beginning.

Tract 85

Fee Owner: Charles M. Nygaard and Julie Nygaard, husband and wife

File Number: 01040-21106b

PIN: 05-0167-000

The South Half of the Southeast Quarter (S1/2 of SE1/4), Section 31, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 86

Fee Owner: John Hindbjorgen, a married person, as successor in interest to John Hindbjorgen, as Personal Representative of the estate of Audrey Ann Hindbjorgen aka Audrey Hindbjorgen

File Number: 01040-21101f

PIN: 05-0168-000

North Half of the Southeast Quarter (N1/2 of SE1/4), and North Half (N1/2) of Lot 2, all in Section 31, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota;

Save and Except

All that part of the North Half of the Southeast Quarter (N1/2 of SE1/4) and that part of the North Half (N1/2) of Government Lot 2, Section 31, Township 113 North, Range 46 West of the Fifth Principal Meridian, bounded by the following described lines; Commencing at the east quarter corner of said Section 31, thence South 88° 58’ West, 992.0 feet on and along the east-west quarter line of said section to the point of beginning; thence South 03°’ 57 West, 165.7 feet; thence South 47° 11’ East, 468.3 feet; thence South 20°’ 31 East, 233.9 feet; thence South 54° 17’ East, 200.0 feet; thence South 00° 00’ East, 72.9 feet; thence South 88° 45’ West, 800.0 feet; thence North 00° 00’ East, 150.0 feet; thence North 90° 00’ West, 281.9 feet; thence South 00° 00’ East, 317.2 feet; thence South 88° 51’ West, 275.0 feet; thence North 10° 00’ West, 165.0 feet; thence South 88° 45’ West, 1320.0 feet, to a point on the West line of said section; thence North 00° 49’ East 910.5 feet on and along said West line to the North line of said section thence North 88° 58’ East, feet on and along said north line to the point of beginning.

Being Abstract Land.

A-24

Tract 87

Fee Owner: Charles M. Nygaard and Julie Nygaard, husband and wife

File Number: 01040-21106b

PIN: 05-0170-000

The South Half (S1/2) of Government Lot 2, Section 31, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 88

Fee Owner: Lola Hindbjorgen, Trustee of the Lola Hindbjorgen Revocable Living Trust, dated September 1, 2016

File Number: 16000332597-2/ 17000330424-233

PIN: 05-0171-000

The Westerly 520 feet of the Northerly 1,079 feet of the Northwest Quarter of Section 32, Township 113, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 89

File Number: 01040-21104u

PIN: 05-0172-000

The East One-Half of the Northeast Quarter (E1/2 of NE1/4) and the East 30 rods of the West Half of the Northeast Quarter (W1/2 of NE1/4) of Section 32, Township 113 North, Range 46, West of the Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

That part described as follows, to wit: Commencing at a point 19 rods West of the Northwest corner of the Northeast Quarter of the Northeast Quarter (NE1/4 of NE1/4) of said Section 32, thence South 20 rods, thence East 32 rods, thence North 20 rods, thence West along the North section line 32 rods to point of beginning, said lines being parallel to the North and East lines of said Section 32

Also Save and Except

All that part of the Northeast Quarter of the Northeast Quarter (NE1/4 of NE1/4) of Section 32, Township 113 North, Range 46 West, being more particularly described as follows:

Commencing at a point on the North line of said Northeast Quarter (NE1/4) which is 313.50 feet West of the Northwest corner of the Northeast Quarter of the Northeast Quarter (NE1/4 of NE 1/4); thence South 00° 29’ 07” West, bearing based on Minnesota State Plane Coordinate System Lincoln County Datum parallel to the East line of said Northeast Quarter (NE1/4) a distance of 330.00 feet; thence South 89° 48’ 07” East, parallel to the North line of said Northeast Quarter (NE1/4) a distance of 528.00 feet to the point of beginning; thence North 00° 29’ 07” East, parallel to the east line of said Northeast Quarter (NE1/4), a distance of 330.00 feet to a point on the North line of said Northeast Quarter; thence South 89° 48’ 07” East, along said North line, a distance of 14.00 feet; thence South 00° 29’ 07” West, parallel to the East line of said Northeast Quarter (NE1/4), a distance of 330.00 feet; thence North 89° 48’ 07” West, parallel to the North line of said Northeast Quarter (NE 1/4) a distance of 14.00 feet to the point of beginning.

A-25

Tract 90

Fee Owner: John Hindbjorgen, a married person, as successor in interest to John Hindbjorgen, as Personal Representative of the estate of Audrey Ann Hindbjorgen aka Audrey Hindbjorgen

File Number: 01040-21101f

PIN: 05-0174-000

The West half of the Northeast quarter (W1/2 NE1/4) EXCEPT the East Thirty (30) Rods of the West Half of the Northeast Quarter of Section Thirty-two (32) in Township One hundred thirteen (113) North of Range Forty six (46) West of the Fifth P.M., Lincoln County, Minnesota.

Tract 91

Fee Owner: Lola Hindbjorgen, Trustee of the Lola Hindbjorgen Revocable Living Trust, dated September 1, 2016

File Number: 17000330424-232/16000332597-1

PIN: 05-0175-000

The Northwest Quarter (NW1/4) of Section 32, Township 113, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

The Westerly 520 feet of the Northerly 1,079 feet of the Northwest Quarter of Section 32, Township 113, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 92

Fee Owner: Christopher Nelson and Julie Nelson, husband and wife

File Number: 01040-21105h

PIN: 05-0176-000

The Southwest quarter (SW1/4), Section 32, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 93

Fee Owner: Lyle Skorseth and Kristine M. Skorseth, husband and wife

File Number: 01040-21110c

PIN: 05-0177-000

The Southeast Quarter (SE1/4) of Section 32 in Township 113 North, Range 46 West of the Fifth Principal Meridian; Lincoln County, Minnesota

Save and Except

A tract of land located in the Southeast Quarter (SE1/4), Section 32, Township 113 North, Range 46 West, Lincoln County, Minnesota, described as follows: Commencing at the Southeast corner of said Southeast Quarter, thence North 90° 00’ 00” West, assumed bearing, along the south line of said Southeast Quarter 1036.00 feet to a point on the center line of County State Aid Highway Number 1, said point being the point of beginning; thence continuing North 90° 00’ 00” West along said south line 563.08 feet; thence North 00° 00’ 00” East 1040.00 feet; thence North 90° 00’ 00” East, parallel with said south line 961.60 feet to a point on said center line of County State Aid Highway Number 1; thence South 20° 58’ 00” West along said center line 1113.74 feet to the point of beginning. Said tract of land is subject to any existing highways, roadways, or easements.

A-26

Tract 94

Fee Owner: Lyle Skorseth and Kristine M. Skorseth, husband and wife

File Number: 01040-21110c

PIN: 05-0177-010

A tract of land located in the Southeast Quarter of Section 32, Township 113 North, Range 46 West, Lincoln County, Minnesota, described as follows: Commencing at the Southeast corner of said Southeast Quarter, thence North 90° 00’ 00” West, assumed bearing, along the south line of said Southeast Quarter 1036.00 feet to a point on the center line of County State Aid Highway Number 1, said point being the point of beginning; thence continuing North 90° 00’ 00” West along said south line 563.08 feet; thence North 00° 00’ 00” East 1040.00 feet; thence North 90° 00’ 00” East, parallel with said south line 961.60 feet to a point on said center line of County State Aid Highway Number 1; thence South 20° 58’ 00” West along said center line 1113.74 feet to the point of beginning. Said tract of land is subject to any existing highways, roadways, or easements.

Tract 95

Fee Owner: John O. Olson a/k/a John Olson and Denise I. Olson a/k/a Denise Olson, husband and wife

File Number: 01040-21106x

PIN: 05-0178-000

West Half of the Northwest Quarter, Section 33, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 96

Fee Owner: John O. Olson a/k/a John Olson and Denise I. Olson a/k/a Denise Olson, husband and wife

File Number: 01040-21106x

PIN: 05-0179-000

Northwest Quarter of the Northeast Quarter of Section 33, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 97

File Number: 01040-21099k

PIN: 05-0179-010

The Northeast Quarter of the Northeast Quarter (NE1/4 of NE1/4), and the Southeast Quarter of the Northeast Quarter (SE1/4 of NE1/4), and the East Half of the Northwest Quarter (E1/2 of NW1/4), Section 33, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 98

Fee Owner: John O. Olson a/k/a John Olson and Denise I. Olson a/k/a Denise Olson, husband and wife

File Number: 01040-21106x

PIN: 05-0179-020

Southwest Quarter of the Northeast Quarter of Section 33, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

A-27

Tract 99

Fee Owner: Neva M. Vizecky, a single person, as successor in interest to Neva M. Vizecky, a single person; and Christian Vizecky as attorney-in-fact for Lucille Anderson

File Number: 01040-21098d

PIN: 05-0180-000

Commencing at a point 19 rods West of the Northwest corner of the Northeast Quarter of the Northeast Quarter (NE1/4 of NE1/4) of said Section 32, thence South 20 rods, thence East 32 rods, thence North 20 rods, thence West along the North Section line 32 rods to a point of beginning, said lines being parallel to the North and East lines of said Section 32, all in Township 113 North, Range 46 West of the Fifth Principal Meridian, together with the North 18 acres of the West Half of the West Half of the Southwest Quarter (W1/2 W1/2 of SW1/4) of Section

Numbered 33 in Township 113 North, Range 46 West of the Fifth Principal Meridian in the County of Lincoln, Minnesota.

Being Abstract Land.

Tract 100

Fee Owner: Dale G. Anderson, a/k/a Dale Glen Anderson, a single person

File Number: 01040-21098c

PIN: 05-0180-010

The West Half of the West Half of the Southwest Quarter (W1/2 of W1/2 of SW1/4) of Section 33, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

The North 18 acres thereof, Section 33, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 101

Fee Owner: George Bukovich and M. Jean Bukovich as Trustees of the George and M. Jean Bukovich Joint Living Trust dated May 27, 2015; and JoAnn Virshek and Martin Virshek, wife and husband

File Number: 01040-21112a

PIN: 05-0181-000

The East half of the Southwest quarter (E1/2 SW1/4) and the East half of the West half of the Southwest quarter (E1/2 W1/2 SW1/4) of Section Thirty-Three (33), Township One Hundred Thirteen (113) North, Range Forty-six (46) West of the 5^th P.M., EXCEPT 19 acres sold as described in that document recorded in Book 75 of Deeds, page 379.

Tract 102

Fee Owner: Daniel R. Christianson, as Trustee, and Joanne M. Christianson, as Trustee, or the successor(s) in Trust, under the Christianson Revocable Trust Agreement dated 18 April, 2006

File Number: 01040-21099e

PIN: 05-0185-000

The Northeast Quarter of Section 34 of Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

A-28

Tract 103

Fee Owner: Mark D. Thooft and Lori L. Thooft, husband and wife

File Number: 01040-21111q

PIN: 05-0186-000

Southwest Quarter (SW1/4) of Section 34, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 104

Fee Owner: Margaret Olson and John O. Olson as trustees of the Omey Olson and Margaret Olson Revocable Living Trust dated March 14, 2007; John Olson and Denise Olson, husband and wife

File Number: 01040-21107z

PIN: 05-0187-000

Southeast Quarter (SE1/4) of Section 34, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 105

Fee Owner: Daniel R. Christianson, as Trustee, and Joanne M. Christianson, as Trustee, or the successor(s) in Trust, under the Christianson Revocable Trust Agreement dated 18 April, 2006

File Number: 01040-21099e

PIN: 05-0188-000

The Northwest Quarter of Section 35, Township 113 North, Range 46 West of the 5th P.M., Lincoln County, Minnesota.

Tract 106

Fee Owner: David B. Olson and Gaylyne F. Olson, husband and wife

File Number: 01040-21107q

PIN: 05-0189-000

The Northeast Quarter (NE1/4) and the North Half of the Southeast Quarter (N1/2 of SE1/4), Section 35, Township 113 North, Range 46 West, Lincoln County, Minnesota.

Tract 107

Fee Owner: Greg Olson, a single person, as buyer; Margaret Olson and John O. Olson, as trustees of the Omey Olson and Margaret Olson Revocable Living Trust dated March 14, 2007 as seller; as successors in interest to Omey J. Olson and John O. Olson as trustees of the Omey Olson and Margaret Olson Revocable Living Trust dated March 14, 2007

File Number: 01040-21108a

PIN: 05-0190-000

Southwest Quarter (SW1/4) of Section 35, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 108

Fee Owner: Ron Dean Johnson, Successor Trustee and Gary Lee Johnson, Successor Trustee of the Ruth L.Y. Johnson Revocable Living Trust Agreement dated March 14, 2012 as successors in interest to Ruth L.Y. Johnson, Trustee of the Ruth L.Y. Johnson Revocable Living Trust Agreement dated March 14, 2012

File Number: 01040-21102j

PIN: 05-0191-000

South Half of the Southeast Quarter (S1/2 of SE1/4) of Section 35, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

A-29

Tract 109

Fee Owner: Raymond P. Lacek and Theresa Lacek, husband and wife

File Number: 01040-21103x

PIN: 05-0192-000

The North Half of the Northwest Quarter (N1/2 of NW1/4) and Northwest Quarter of Northeast Quarter (NW1/4 of NE1/4), Section 36, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 110

Fee Owner: David B. Olson and Gaylyne F. Olson, husband and wife

File Number: 01040-21107q

PIN: 05-0194-000

Southwest Quarter of the Northwest Quarter (SW1/4 of NW1/4) and the Northwest Quarter of the Southwest Quarter (NW1/4 of SW1/4) in Section 36, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 111

File Number: 01040-21102j

PIN: 05-0195-000

Southwest Quarter of the Southwest Quarter (SW1/4 of SW1/4) of Section 36, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 112

Fee Owner: George Bukovich and M. Jean Bukovich as Trustees of the George and M. Jean Bukovich Joint Living Trust dated May 27, 2015; and JoAnn Virshek and Martin Virshek, wife and husband

File Number: 01040-21111x

PIN: 05-0196-000

The Southeast Quarter of the Southwest Quarter (SE1/4 SW1/4) of Section 36, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 113

Fee Owner: Alan D. Kamrath, a single person

File Number: 01040-21102w

PIN: 05-0197-000

The Northeast Quarter of the Southeast Quarter (NE1/4 of SE1/4), Section 36, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County Minnesota.

A30

Tract 114

Fee Owner: George Bukovich and M. Jean Bukovich as Trustees of the George and M. Jean Bukovich Joint Living Trust dated May 27, 2015; and JoAnn Virshek and Martin Virshek, wife and husband

File Number: 01040-21111y

PIN: 05-0198-000

The Southwest Quarter of the Southeast Quarter (SW1/4 of SE1/4), Section 36, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 115

Fee Owner: Alan D. Kamrath, a single person

File Number: 01040-21102w

PIN: 05-0199-000

The Southeast Quarter of the Southeast Quarter (SE1/4 of SE1/4), Section 36, Township 113 North, Range 46 West of the Fifth Principal Meridian, Lincoln County Minnesota.

Tract 116

Fee Owner: Bank Inn, LLC, a Minnesota limited liability company

File Number: 01040-20835c

PIN: 06-0003-000

Government Lots 4 and 5 and the Northwest Quarter of the Southwest Quarter (NW1/4 of SW1/4) and the Southeast Quarter of the Southwest Quarter (SE1/4 of SW1/4), Section 1, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

A tract of land located in the Northwest Quarter (NW1/4) of Section 1, Township 112 North, Range 46 West, Lincoln County, Minnesota being more particularly described as follows:

Beginning at the Northwest corner of said Northwest Quarter (NW1/4) thence South 00° 00’ 00” East, assumed bearing, along the West line of said Northwest Quarter 471.71 feet; thence South 85° 18’ 29” East 953.90 feet; thence South 36° 50’ 38” East 200.30 feet; thence South 58° 05’ 07” East 383.83 feet; thence South 00° 04’ 19” West 879.29 feet; thence North 87° 52’ 23” East 735 feet, more or less, to the shoreline of Steep Bank Lake; thence along the shoreline to a point on the North line of said Northwest Quarter; thence North 88° 57’ 04” West along said North line 2176 feet, more or less, to the Point of Beginning.

Tract 117

File Number: 01040-21102j

PIN: 06-0007-000

Government Lots 3 and 4, Section 2, Township 112 North of Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

A-31

Tract 118

Fee Owner: Justin Matthew Carlson and Cassi Carlson, husband and wife

File Number: 17000330424-219

PIN: 06-0008-000

That part of Government Lot One (1) of Section Two (2), Township One Hundred twelve (112) North, Range Forty-six (46) West of the Fifth Principal Meridian, Lincoln County, Minnesota, described as follows:

Commencing at the northeast corner of Government Lot One (1) of said Section Two (2): thence North 90 degrees 00 minutes 00 seconds West, assumed bearing along the north line of the Northeast Quarter (NE1/4) of said Section, a distance of 533.00 feet to the point of beginning of the tract to be described; thence continuing North 90 degrees 00 minutes 00 seconds West, along said north line, a distance of 666.55 feet; thence South 00 degrees 30 minutes 36 seconds West a distance of 400.00 feet; thence South 36 degrees 10 minutes 06 seconds East a distance of 90.00 feet; thence South 67 degrees 53 minutes 35 seconds East a distance of 85.00 feet; thence North 86 degrees 20 minutes 55 seconds East a distance of 465.20 feet; thence North 00 degrees 00 minutes 04 seconds West a distance of 354.00 feet; thence North 89 degrees 59 minutes 56 seconds East a distance of 74.00 feet; thence North 00 degree 00 minutes 04 seconds west a distance of 121.00 feet to the point of beginning.

Tract 119

Fee Owner: Stanley D. Gorecki and Marie J. Gorecki, Trustees of the Stanley D. Gorecki and Marie J. Gorecki Living Trust dated April 12, 2011

File Number: 01040-21100w

PIN: 06-0008-005

Government Lots 1 and 2 and the North Half of the Southeast Quarter (N1/2 of SE1/4), Section 2, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

That part of Government Lot 1, Section 2, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota, described as follows:

Commencing at the Northeast corner of Government Lot 1 of said Section 2; thence North 90° 00’ 00” West, assumed bearing along the north line of the Northeast Quarter of said Section, a distance of 533.00 feet to the point of beginning of the tract to be described; thence continuing North 90° 00’ 00” West, along said north line, a distance of 666.55 feet; thence South 00° 30’ 36” West a distance of 400.00 feet; thence South 36° 10’ 06” East a distance of 90.00 feet; thence South 67° 53’ 35” East a distance of 85.00 feet; thence North 86° 20’ 55” East a distance of 465.20 feet; thence North 00° 00’ 04” West a distance of 354.00 feet; thence North 89° 59’ 56” East a distance of 74.00 feet; thence North 00° 00’ 04” west a distance of 121.00 feet to the point of beginning.

Being Abstract Land.

Tract 120

Fee Owner: George Bukovich and M. Jean Bukovich as Trustees of the George and M. Jean Bukovich Joint Living Trust dated May 27, 2015; and JoAnn Virshek and Martin Virshek, wife and husband

File Number: 01040-21111z

PIN: 06-0008-010

South Half of the Southeast Quarter (S1/2 of SE1/4), Section 2, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

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Tract 121

Fee Owner: Clayton J. Ross and Marilyn Ross as Trustees of the Clayton J. Ross Trust under agreement dated April 1, 2014; and Marilyn Ross and Clayton J. Ross as Trustees of the Marilyn Ross Trust under Agreement dated April 1, 2014 (Tract)

File Number: 01040-21109a

PIN: 06-0009-000

The West Half of the Southwest Quarter (W1/2 of SW1/4), Section 2, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 122

File Number: 01040-21109a

PIN: 06-0009-000

The West Half of the Southwest Quarter (W1/2 of SW1/4), Section 2, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 123

File Number: 01040-21109a

PIN: 06-0010-000

The East Half of the Southwest Quarter (E1/2 of SW1/4), Section 2, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 124

Fee Owner: Christine Dickinson and Matthew Dickinson, wife and husband; Jennifer Ingram and Alan Ingram, wife and husband; Dan Allen, a single person; Katie Ettish and Nolan Ettish, wife and husband; David Allen and Lisa Allen, husband and wife; and Karen K. Allen, a married person

File Number: 01040-21098b

PIN: 06-0011-000

Government Lots 3 and 4, Section 3, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Being Abstract Land.

Tract 125

Fee Owner: Margaret Olson and John O. Olson as trustees of the Omey Olson and Margaret Olson Revocable Living Trust dated March 14, 2007; and John O. Olson and Denise Olson, husband and wife

File Number: 01040-21107v

PIN: 06-0012-000

Government Lots 1 and 2, Section 3, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

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Tract 126

File Number: 01040-21109a

PIN: 06-0013-000

The North Half of the Southwest Quarter (N1/2 of SW1/4) of Section 3 in Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Tract 127

Fee Owner: Darrel D. Johnson and Donna Johnson, husband and wife; and S & D Johnson Family, LLC, a Minnesota limited liability company

File Number: 01040-21102q

PIN: 06-0014-000

South half of the Southwest quarter (S1/2 of SW1/4) of Section 3, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Tract 128

Fee Owner: Margaret Olson and John O. Olson as trustees of the Omey Olson and Margaret Olson Revocable Living Trust dated March 14, 2007; and John O. Olson and Denise Olson, husband and wife

File Number: 01040-21107v

PIN: 06-0015-000

The West half of the Southeast quarter (W1/2 of SE1/4), Section 3, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 129

Fee Owner: Ron Dean Johnson a/k/a Ron D. Johnson and Racquel L. Johnson, husband and wife

File Number: 01040-21102b

PIN: 06-0015-010

East Half of the Southeast Quarter (E1/2 of SE1/4) of Section 3, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 130

Fee Owner: Gregory J. Olson, a single person; John O. Olson and Denise I. Olson, husband and wife

File Number: 01040-21107t

PIN: 06-0016-000

All that part of Government Lots 2 and 3, Section 4, Township 112 North, Range 46 West, Lincoln County, Minnesota, lying easterly of the following described line:

Beginning at a point on the North line of said Section 4, which is 3662.82 feet West of the Northeast corner of said Section 4; Thence South 09° 31’ 20” East, bearing based on Minnesota State Plane Coordinate System Lincoln County Datum, a distance of 238.29 feet; Thence South 47° 46’ 41” East a distance of 205.15 feet; Thence South 17° 19’ 28” East a distance of 490.74 feet; Thence South 00° 52’ 18” West a distance of 975 feet, more or less, to a point on the south line of said Government Lot 3, said line there terminating. Said tract is subject to any existing highways, roadways or easement.

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Tract 131

Fee Owner: Darrel D. Johnson a/k/a Darrel Johnson and Donna M. Johnson a/k/a Donna Johnson, husband and wife

File Number: 01040-21101r

PIN: 06-0016-010

All that part of Government Lots 3 and 4, Section 4, Township 112 North, Range 46 West, Lincoln County, Minnesota, lying westerly of the following described line:

Beginning at a point on the North line of said Section 4, which is 3662.82 feet West of the Northeast corner of said Section 4; thence South 09° 31’ 20” East, bearing based on Minnesota State Plane Coordinate System Lincoln County Datum, a distance of 238.29 feet; thence South 47° 46’ 41” East a distance of 205.15 feet; thence South 17° 19’ 28” East a distance of 490.74 feet; thence South 00° degrees 52’ minutes 18” seconds West a distance of 975 feet, more or less, to a point on the south line of said Government Lot 3, said line there terminating.

Tract 132

File Number: 01040-21098a

PIN: 06-0017-000

Government Lot 1, Section 4, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Being Abstract Land.

Tract 133

Fee Owner: Carrie Regehr Weller, a single person

File Number: 01040-21112c

PIN: 06-0018-000

The Southwest Quarter (SW1/4) of Section 4, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 134

Fee Owner: Chad A. Olsen and Pamela J. Olsen, Trustees of the Trust Agreement of Chad A. Olsen dated April 30, 2008; Alden Olsen and Janet Olsen, husband and wife; and Travis Olsen and Christina Olsen, husband and wife

File Number: 01040-21106s

PIN: 06-0019-000

The West Half of the Southeast Quarter (W1/2 of SE1/4) of Section 4, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

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All that part of the West Half of the Southeast Quarter (W1/2 of SE1/4) of Section 4, Township 112 North, Range 46 West of the Fifth Principal Meridian lying within the three following described lines:

a) The Northerly line of the Southeast Quarter of the above described Section Four (4) extended Westerly to a point on the shore of the Lac Qui Parle River, which point is, on July 31, 1987, distant 2035 feet more or less from the Easterly section line of the above described Section Four;

b) The Easterly line of the West One-Half of the Southeast Quarter of the above described Section Four (4) extended Southerly to a point on the shore of the Lac Qui Parle River, which point is, on July 31, 1987, distant 764 feet, more or less, from the Northerly line of the Southeast Quarter (SE1/4) of the above described Section;

c) The Shore of the Lac Qui Parle River, including all riparian rights.

Tract 135

File Number: 01040-21109a

PIN: 06-0020-000

The East Half of the Southeast Quarter (E1/2 of SE1/4) of Section 4 in Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota and All that part of the West One-Half of the Southeast Quarter (W1/2 of SE1/4) of Section 4, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota lying within the three following described lines:

a) The Northerly line of the Southeast Quarter of the above-described Section 4 extended Westerly to a point on the shore of the Lac Qui Parle River, which point is, on July 31, 1987, distant 2035 feet, more or less, from the easterly section line of the above-described Section Four;

b) The easterly line of the West Half of the Southeast Quarter (W1/2 of SE1/4) of the above described Section 4 extended Southerly to a point on the shore of the Lac Qui Parle River, which point is, on July 31, 1987, distant 764 feet, more or less, from the Northerly line of the Southeast Quarter (SE1/4) of the above-described section;

c) The shore of the Lac Qui Parle River, Including all riparian rights, approximately 4.2 acres.

Tract 136

Fee Owner: Aaron Moravetz and Kendra Moravetz, husband and wife; and James Moravetz and Crystal Moravetz, husband and wife

File Number: 01040-21105c

PIN: 06-0021-000

Government Lot 4 of Section 5, Township 112 North, Range 46 West, Lincoln County, Minnesota

Save and Except

The easterly 374 feet of the northerly 816 feet thereof

Being Abstract Land.

Tract 137

Fee Owner: Aaron J. Moravetz and Kendra L. Moravetz f/k/a Kendra L. Kluckman, husband and wife

File Number: 01040-21105a

PIN: 06-0021-005

Easterly 374 feet of the Northerly 816 feet of Government Lot 4, Section 5, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota

Being Abstract Land.

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Tract 138

Fee Owner: Wanda J. Thoreson and Larry F. Thoreson, wife and husband

File Number: 01040-21111s

PIN: 06-0022-010

Lot 1 and the East Half (E1/2) of Lot 2, Section 5, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 139

Fee Owner: Darold B. Laabs and Helen A. Laabs, Trustees, or their successors in trust, under the Darold & Helen Laabs Living Trust dated September 21, 2013, and any amendments thereto

File Number: 01040-21103k

PIN: 06-0023-000

West half of the Southeast quarter (W1/2 of SE1/4) of Section 5, Township 112 North, Range 46 West of the Fifth Principal Meridian; Lincoln County, Minnesota, as shown by instrument recorded in Book 110 of Deeds on page 437 in the office of the County Recorder of Lincoln County, Minnesota.

Tract 140

Fee Owner: Ronald D. Rybinski, a single person, as successor in interest to Ronald D. Rybinski and Judy G. Rybinski, husband and wife

File Number: 01040-21109q

PIN: 06-0024-000

East Half of the Southeast Quarter (E1/2 of SE1/4) of Section 5, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 141

Fee Owner: Charles M. Nygaard and Julie Nygaard, husband and wife

File Number: 01040-21106b

PIN: 06-0027-000

Lots 2, 3 and 4, Section 6, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 142

Fee Owner: Theodore L. Nelson and Lisa Nelson, husband and wife

File Number: 01040-21105q

PIN: 06-0028-000

All that part of the Southeast Quarter (SE1/4) of Section 6, Township 112 North, Range 46 West, being more particularly described below:

Beginning at the Southeast corner of said Southeast Quarter; Thence North 89° 00’ 06” West, bearing based on Minnesota State Plane Coordinate System Lincoln County Datum, along the South line of said Southeast Quarter, a distance of 1025.00 feet; Thence North 03° 43’ 00” West a distance of 930.00 feet; Thence North 89° 15’ 06” East a distance of 1075.00 feet, to a point on the East line of said Southeast Quarter; Thence South 00° 36’ 36” East, along said East line, a distance of 960.00 feet to the point of beginning, Lincoln County, Minnesota.

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Tract 143

Fee Owner: Linda K. Nelson, Jeanine L. Coners, and Theodore L. Nelson, as Trustees of the Curtis A. Nelson Family Trust dated March 6, 2008; and Linda K. Nelson as Trustee of the Linda K. Nelson Revocable Living Trust dated October 12, 2007

File Number: 01040-21105r

PIN: 06-0028-010

The Southeast Quarter (SE1/4) and Government Lot 1, Section 6, Township 112 North, Range 46 West of Fifth Principal Meridian, Lincoln County, Minnesota

Save and Except

That portion described as follows: Commencing at the Northwest corner of the Southeast Quarter (SE 1/4) of said Section 6; thence running South along the quarter line a distance of 58 rods; thence running East on a line parallel with the Section Line between Sections 6 and 7, a distance of 11 rods; thence running North on a line parallel with the West line of said Southeast Quarter (SE 1/4) of Section 6 a distance of 58 rods to its intersection with the North line of said Southeast Quarter (SE1/4) of Section 6; thence running direct West on said Quarter line to place of beginning, subject to highway easements of record.

Also Save and Except

All that part of the Southeast Quarter of Section 6, Township 112 North, Range 46 West being more particularly described below:

Beginning at the southeast corner of said Southeast Quarter; thence North 89° 00’ 06” West, bearing Based on Minnesota State Plain Coordinate System Lincoln County Datum, along the south line a said Southeast Quarter, a distance of 1025.00 feet; thence North 03° 43’ 00” West a distance of 930.00 feet; thence North 89° 15’ 06” East a distance of 1075.00 feet, to a point on the east line of said Southeast Quarter; thence South 00° 36’ 36” East, along said east line, a distance of 960.00 feet to the point of beginning.

Tract 144

Fee Owner: Nathan J. Nelson and Jodi Nelson, husband and wife

File Number: 01040-21105g

PIN: 06-0029-000

Government Lots 5 and 6 and the East Half of the Southwest Quarter (E1/2 of SW1/4) of Section 6, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

Tract 145

Fee Owner: Nathan J. Nelson and Jodi Nelson, husband and wife

File Number: 01040-21105g

PIN: 06-0029-010

The West 11 rods of the North 58 rods of the Northwest Quarter of the Southeast Quarter (NW1/4 of SE1/4) of Section 6, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota.

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Tract 146

Fee Owner: Irene B. Johnson, as Trustee of the Irene B. Johnson Revocable Living Trust, dated October 30, 2009

File Number: 01040-21102a

PIN: 06-0030-000

West Half of the Fractional Section 7, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota, otherwise described as the East Half of the Northwest Quarter (E1/2 of NW1/4) and the East Half of the Southwest Quarter (E1/2 of SW1/4) and Government Lots 1, 2, 3 and 4 of Section 7, Township 112 North, Range 46 West of the Fifth Principal Meridian, Lincoln County, Minnesota,

Save and Except

Beginning at the South Quarter corner of Section 7, thence West along the south boundary of said Section 7 for a distance of 960.0 feet, thence turning North 121° 00’ 00” and continuing to the south boundary of the Northeast Quarter of the Southwest Quarter of said Section 7, thence East along the south boundary of the Northeast Quarter of the Southwest Quarter of said Section 7 to the Southeast corner of the Northeast Quarter of the Southwest Quarter of said Section 7, thence South along the Easy boundary of the Southwest Quarter of Said Section 7 to the point of beginning

Being Abstract Land.

Tract 147

Fee Owner: Keith Dumke and Tammy K. Dumke, husband and wife

File Number: 17000330424-228

PIN: 06-0032-000

That part of the Southeast quarter (SE1/4) of Section Seven (7), Township One hundred twelve (112) North, Range Forty six (46) West of the Fifth Principal Meridian, Lincoln County, Minnesota, described as follows:

Commencing at the East One quarter corner of Section Seven (7);

Thence South 00 degrees 00 minutes 46 seconds East (assumed bearing) along the section line a distance of 1,181.27 feet;

Thence North 89 degrees 12 minutes 34 seconds West a distance of 79.55 feet to the westerly right of way line of State Highway 271 which is the point of beginning of the parcel to be described;

Thence South 00 degrees 11 minutes 26 seconds East a distance of 35.0 feet;

Thence North 89 degrees 12 minutes 34 seconds West a distance of 700.0 feet;

Thence South 00 degrees 11 minutes 26 seconds East a distance of 260.0 feet;

Thence North 89 degrees 12 minutes 34 seconds West a distance of 291.0 feet;

Thence North 0 degrees 11 minutes 26 seconds West a distance of 154.0 feet;

Thence North 89 degrees 12 minutes 34 seconds West a distance of 177.0 feet;

Thence North 00 degrees 11 minutes 26 seconds West a distance of 316.0 feet;

Thence South 89 degrees 12 minutes 34 seconds East a distance of 468.0 feet;

Thence South 00 degrees 11 minutes 26 seconds East a distance of 175.0 feet;

Thence South 89 degrees 12 minutes 34 seconds East a distance of 700.0 feet to said point of beginning. Said tract contains 5.0 acres, more or less.

Tract 148

Fee Owner: Keith Dumke and Tammy K. Dumke, husband and wife

File Number: 17000330424-229

PIN: 06-0032-005

All that part of the East half (El/2) of Section Seven (7) in Township One hundred twelve (112) North of Range Forty-six (46) West lying South and East of the center line of the Lac Qui Parle River. Also, all that part of the West half of the Southeast quarter (W1/2 SEl/4) of said Section Seven (7) lying West of the center line of said Lac Qui Parle River and South of the center line of that certain waterway ditch which commences on the West line of said property and empties into said Lac Qui Parle River, excepting from said tract that portion of land previously conveyed to the City of Hendricks for its lagoon, Lincoln County, Minnesota;

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EXCEPT

That part of the Southeast quarter (SE1/4) of Section Seven (7), Township One hundred twelve (112) North, Range Forty six (46) West of the Fifth principal meridian, Lincoln County, Minnesota, described as follows:

Commencing at the East one quarter corner of Section 7;

Thence South 00 degrees 00 minutes 46 seconds East (assumed bearing) along the section line a distance of 35.85 feet;

Thence South 89 degrees 48 minutes 34 seconds West a distance of 83.09 feet to the westerly right of way line of State Highway 271 which is the point of beginning of the parcel to be described;

Thence South 00 degrees 11 minutes 26 seconds east a distance of 361.49 feet;

Thence South 89 degrees 48 minutes 34 seconds West a distance of 361.49 feet;

Thence North 0 degrees 11 minutes 26 seconds West a distance of 361.49 feet;

Thence North 89 degrees 48 minutes 34 seconds East a distance of 361.49 feet to said point of beginning. Said tract contains 3.0 acres more or less.

AND ALSO EXCEPTING:

That part of the Southeast quarter (SE 1/4) of Section Seven (7), Township One hundred twelve

(112) North, Range Forty six (46) West of the Fifth Principal Meridian, Lincoln County, Minnesota, described as follows: