Parcel ID 1231200001000

A part of the Northeast Quarter and the Southeast Quarter, also a part of the Northwest Quarter of Section 31, Township 20 North, Range 11 East in Perry Township, Delaware County, Indiana, described as follows: Commencing at a stone at the Northwest corner of the Fractional Northwest Quarter of Section 31, Township 20 North, Range 11 East; thence North 89 degrees 57 minutes 32 seconds East 2508.97 feet (assumed bearing) to the Northwest corner of the Northeast Quarter of said Section 31, said corner being 30.00 feet South of a 5I8-inch rebar, thence North 89 degrees 36 minutes 1 O seconds East 659. 77 feet along the North line of said Northeast Quarter to the center of White River which is the point of beginning; thence North 89 degrees 36 minutes 1 O seconds East 283.03 feet to a 5/8 inch rebar that is 1728.44 feet West of the Northeast corner of said Northeast Quarter; thence South 00 degrees 30 minutes 18 seconds East 2682.17 feet parallel with the East line of said Northeast Quarter to a nail on the centerline of the Burlington Pike; thence North 62 degrees 22 minutes 53 seconds West 88.28 feet along said centerline; thence North 76 degrees 07 minutes 46 seconds West 114.86 feet along said center line to a nail on the South line of the Northeast Quarter of said Section 31; thence South 89 degrees 53 minutes 14 seconds West 640.19 feet along the South line to a nail that is 1422.75 feet East of the Southwest corner of the East Half of the Fractional Northwest Quarter of said Section 31; thence North 00 degrees 52 minutes 29 seconds West 300.00 feet parallel with the West line of said Half-Quarter Section to a 5/8 inch rebar; thence South 89 degrees 24 minutes 22 seconds West 550.00 feet to a 5/8 inch rebar; thence North 00 degrees 52 minutes 28 seconds West 162.00 feet to a 5/8 inch rebar; thence North 73 degrees 42 minutes 23 seconds West 282.58 feet to an angle iron post that is 545.00 feet North of the South line of said Northeast Quarter; thence North 00 degrees 52 minutes 29 seconds West 731.52 feet to the center of White River; thence North 33 degrees 59 minutes 46 seconds East 546.96 feet along said river; thence North 45 degrees 04 minutes 34 seconds East 782.58 feet along said river; thence North 40 degrees 47 minutes 14 seconds East 197.56 feet along said river; thence North 55 degrees 57 minutes 12 seconds East 201.28 feet along said river; thence North 69 degrees 35 minutes 1 O seconds East 220.89 feet to the point of beginning, containing 75.44 acres, more or less, and subject to the Waters of the United State along White River, to the right--of-way for the Burlington Pike along the Southerly side, to a 25-foot-wide ingress/egress easement and to all easements of record.