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<br /> ]irlt <br /> EXHIBIT "B" <br /> Permitted Exceptions <br /> <br />1. Easement dated November 14, 1989 from ALA Investments, Inc., <br /> Trustee to Elim Water Company, Inc., recorded in Volume 807, <br /> page 272 of the Real Property Records of Hays County, Texas. <br />2. Easement dated June 15, 1978 from William Soyars,to Haysco <br /> Water Supply Corporation, recorded in Volume 311, page 873 of <br /> the Real Property Records of Hays County, Texas. <br />3. Deed of Trust dated June 20, 1991, from San Marcos Factory <br /> Stores, Ltd., for the benefit of Kemper Investors Life <br /> Insurance Company, recorded in Volume 879, page 141 of the <br /> Real Property Records of Hays County, Texas. <br />4. Amended and Restated Deed of Trust, Security Agreement, <br /> Assignment of Rents and Leases, and Fixture Filing, dated <br /> December 30, 1991, executed by San Marcos Factory stores, <br /> Ltd., for the benefit of Barclays Bank PLC, recorded in Volume <br /> 904, page 742 of the Real Property Records of Hays County, <br /> Texas. <br />5. Deed of Trust dated December 30, 1991, executed by San Marcos <br /> Factory Stores, Ltd., for the benefit of Kemper Investors Life <br /> Insurance Company, recorded in Volume 904, page 802 of the <br /> Real Property Records of Hays County, Texas. <br /> , <br />30047958.1 122292 1656C 89838858 <br />