1444 Shoreline Dr. - ( also 1440-1442 )

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s WHEREAS, said above property is subject to a certain first mortgage dated • November 22, 1976 running in favor of JAMS 0. 11cUAbAN. WHEREAS, 'Windward Marine inc. , a corporation owned by JJI LS P. R1VEKS has a twenty-five (25) year lease which expires in 19e8 together with a first option to purchase the property described as follows: That part of Government Lot 1, Section 11, Township 117, • Range 23, described as commencing at the meander corner on the North line of said Government Lot 1; thence South 10 degrees Epst (assuming the North line of said Govern- ment Lot 1 as bearing East and west) a distance of 82b.27 feet to the actual point of beginning; thence North 67 degrees 48 minutes East to the snore of Lake 1ti.nnetonka; • thence Southeasterly along said shore 60 feet, more or i less, to an intersection with a line bearing North 67 degrees 48 minutes East from a point which is on a line bearing South 10 degrees East and distant 61.39 feet from the actual point of beginning; thence South 67 degrees • 48 minutes West to the shore of Tanager Lake (formerly Mud Lake); thence Northwesterly along the shore of Tanager • Lake to an intersection witn a line bearing Soutn 67 degrees Olt minutes West from the actual point of beginning; thence North 67 degrees 48 minutes East to the actual point of . S. beginning, according to the Government Survey thereof. Parcel 1 : That part of Government Lot 1, Section 11, Township 117, Range 23, described as commencing at the meander corner on the North line of said Government Lot 1; thence South • 10 degrees East (assuming the North line of said Govern- ment Lot 1 as bearing East and West) a distance of 764.88 . 4i ..' feet to the actual point of beginning; thence North 67 degrees 48 minutes East to the shore of Lake Minnetonka; :: j thence Southeasterly along said shore to its intersection . with a line bearing North 67 degrees 46 minutes East from a point which is on a line bearing South 10 degrees East and distant 61.39 feet from the actual point of beginning; thence South 67 degrees 48 minutes West to the shore of Tanager Lake (formerly Mud Lake); thence Northwesterly along the shore of Tanager Lake to its intersection with �. a line bearing South b7 degrees 48 minutes West from the , actual point of beginning; thence North 67 degrees 4b minutes East to the actual point of beginning. • * Parcel 2: ' That part of Governuent Lot 1, Section 11, Township 117, Range 23, described as commencing at the meander corner m on the North line of said Government Lot 1; tnence South 10 degrees East (assuming the North line of said Govern- ment Lot 1 as bearing East) a distance of 585.84 feet to m the point of beginning of the land to be described; thence i ,'i continuing South 10 degrees East a distance of 61.39 feet; thence North 67 degrees 48 minutes East to the shore line of Lake Minnetonka; thence Northwesterly along saia shore � � line to the intersection with a line bearing North 67 degrees 48 minutes East from the point of beginning; thence South ':c 67 degrees 48 minutes West to the point of beginning. , .. yr -2-