418 W 1st St, Winner, SD 57580

RESIDENTIAL LOT PARCEL #2 (48.07.01.14) LEGAL: LOT 14, A SUBDIV. OF LOT B, BLOCK 1, NORTHWEST ADDN, WINNER CITY SITE ADDRESS: 418 WEST 1ST SIZE: 50' X 140' REVERSIONARY INTEREST: The property is deeded to the Grantee for the purpose of (residential) (Commercial) Development. The Grantee is required to have the plan for development approved by the Winner Planning Commission within 180 days of the date of this Deed. Further, the Grantee is required to have actual construction commenced within 1 year of the date of this deed. Finally, the Grantee is required to have construction substantially completed within 2 years of the date of this deed. In the event the Grantee fails to meet any one of the three requirements, the property shall revert back to the Grantor without equitable adjustment upon the filing of the Grantors claim of reversion following expiration of the deadline for the applicable condition.