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<br />EXHIBIT "B"
<br />Permitted Encumbrances
<br />1. Parties in possession, or claiming to be in possession, other than the Mortgagor and
<br />the Transit District.
<br />2. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any
<br />other facts which a correct survey would disclose.
<br />3. Rights of the public in and to that portion of the herein described tract lying within
<br />the boundaries of roads and roadways.
<br />4. Reservation of utilities in vacated alley, and the right to maintain the same, as set
<br />forth in the City of Salem, Ordinance No. 25-97, a copy of which was recorded May
<br />30, 1997, in Reel 1973, Page 110, Film Records for Marion County, Oregon.
<br />5. Underground Distribution Line Easement, including the terms and provisions thereof,
<br />conveyed to Portland General Electric Company, an Oregon corporation, by
<br />instrument recorded November 26, 1973, in Volume 765, Page 846, Deed Records
<br />'``-~ for Marion County, Oregon.
<br />6. Premises lie within the Riverfront-Downtown Urban Renewal Project, and are subject
<br />to the terms and provisions of the Urban Renewal Plan, recorded June 6, 1975, in
<br />Reel 17, page 213, and amendments thereto recorded November 5, 1976, in Reel 62,
<br />Page 328; August 24, 1977, in Reel 93 , Page 348; April 3, 1978, in Reel 118, page
<br />871; May 22, 1979, in Reel 168, Page 1577, and September 14, 1984, in Reel 356,
<br />Page 1195, and February 5, 1986, in Reel 441, Page 392, and May 20, 1986, in Reel
<br />463, Page 270, and February 27, 1987, in Reel 527, Page 361, and February 29,
<br />1988, in Reel 605, Page 49, and January 18, 1994, in Reel 1135, Page 618, Film
<br />Records for Marion County, Oregon.
<br />7. Revocable Permit, including the terms and provisions thereof, recorded August 10,
<br />1994 in Reel 1187, Page 295, Film Records for Marion County, Oregon.
<br />8- Easement, including the terms and provisions thereof, conveyed to Chevron U.S.A.
<br />Inc., a Pennsylvania corporation, by instrument recorded January 20, 1995, in Reel
<br />1217, Page 28, Film Records for Marion County, Oregon.
<br />Note: The real property tax account no. is: .
<br />B-1
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