PACIFICORP (An Oregon Corporation) TO THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. (as successor to The Bank of New York Mellon) As Trustee under PacifiCorp's Mortgage and Deed of Trust, Dated as of January9, 1989 _____________________ Twenty-Fourth Supplemental Indenture Dated as of May 1, 2011 Supplemental to PacifiCorp's Mortgage and Deed of Trust Dated as of January9, 1989 _____________________ This Instrument Grants a Security Interest by a Transmitting Utility This Instrument Contains AfterAcquired Property Provisions 1 TWENTY-FOURTH SUPPLEMENTAL INDENTURE

 

 

WHEREAS, the Mortgage was or is to be recorded in the official records of the States of Arizona, California, Colorado, Idaho, Montana, New Mexico, Oregon, Utah, Washington and Wyoming and various counties within such states, which counties include or will include all counties in which this Twenty-Fourth Supplemental Indenture is to be recorded; and

WHEREAS, by the Mortgage the Company covenanted that it would execute and deliver such supplemental indenture or indentures and such further instruments and do such further acts as might be necessary or proper to carry out more effectually the purposes of the Mortgage and to make subject to the Lien of the Mortgage any property thereafter acquired, made or constructed and intended to be subject to the Lien thereof; and

WHEREAS, in addition to the property described in the Mortgage, the Company has acquired certain other property, rights and interests in property; and

WHEREAS, the Company has executed, delivered, recorded and filed supplemental indentures as follows:

 

 

and

WHEREAS, the Company has heretofore issued, in accordance with the provisions of the Mortgage, bonds entitled and designated First Mortgage and Collateral Trust Bonds or First Mortgage Bonds, as the case may be, of the series and in the principal amounts as follows:

 

____________________________

Amount outstanding as of May 1, 2011.

 

and

WHEREAS, Section 2.03 of the Mortgage provides that the form or forms, terms and conditions of and other matters not inconsistent with the provisions of the Mortgage, in connection with each series of bonds (other than the First Series) issued thereunder, shall be established in or pursuant to one or more Resolutions and/or shall be established in one or more indentures supplemental to the Mortgage, prior to the initial issuance of bonds of such series; and

 

WHEREAS, Section 22.04 of the Mortgage provides, among other things, that any power, privilege or right expressly or impliedly reserved to or in any way conferred upon the Company by any provision of the Mortgage, whether such power, privilege or right is in any way restricted or is unrestricted, may be in whole or in part waived or surrendered or subjected to any restriction if at the time unrestricted or to additional restriction if already restricted, and the Company may enter into any further covenants, limitations, restrictions or provisions for the benefit of any one or more series of bonds issued thereunder and provide that a breach thereof shall be equivalent to a Default under the Mortgage, or the Company may cure any ambiguity contained therein, or in any supplemental indenture, or may (in lieu of establishment in or pursuant to a Resolution in accordance with Section 2.03 of the Mortgage) establish the forms, terms and provisions of any series of bonds other than said First Series, by an instrument in writing executed by the Company; and

 

WHEREAS, the Company now desires to create a new series of bonds and (pursuant to the provisions of Section 22.04 of the Mortgage) to add to its covenants and agreements contained in the Mortgage certain other covenants and agreements to be observed by it; and

 

 

WHEREAS, the execution and delivery by the Company of this Twenty-Fourth Supplemental Indenture, and the terms of the bonds of the Thirty-Eighth Series herein referred to, have been duly authorized by the Board of Directors in or pursuant to appropriate Resolutions;

 

Now, Therefore, This Indenture Witnesseth:

 

That PACIFICORP, an Oregon corporation, in consideration of the premises and of good and valuable consideration to it duly paid by the Trustee at or before the ensealing and delivery of these presents, the receipt and sufficiency whereof is hereby acknowledged, and in order to secure the payment of both the principal of and interest and premium, if any, on the bonds from time to time issued under the Mortgage, according to their tenor and effect and the performance of all provisions of the Mortgage (including any instruments supplemental thereto and any modification made as in the Mortgage provided) and of such bonds, and to confirm the Lien of the Mortgage on certain after-acquired property, hereby mortgages, pledges and grants a security interest in (subject, however, to Excepted Encumbrances as defined in Section 1.06 of the Mortgage), unto The Bank of New York Mellon Trust Company, N.A. (as successor to The Bank of New York Mellon), as Trustee, and to its successor or successors in said trust, and to said Trustee and its successors and assigns forever, all properties of the Company real, personal and mixed, owned by the Company as of the date of the Mortgage and acquired by the Company after the date of the Mortgage, subject to the provisions of Section 18.03 of the Mortgage, of any kind or nature (except any herein or in the Mortgage expressly excepted), now owned or, subject to the provisions of Section 18.03 of the Mortgage, hereafter acquired by the Company (by purchase, consolidation, merger, donation, construction, erection or in any other way) and wheresoever situated (except such of such properties as are excluded by name or nature from the Lien hereof), including the properties described in Article IV hereof, and further including (without limitation) all real estate, lands, easements, servitudes, licenses, permits, franchises, privileges, rights of way and other rights in or relating to real estate or the occupancy of the same; all power sites, flowage rights, water rights, water locations, water appropriations, ditches, flumes, reservoirs, reservoir sites, canals, raceways, waterways, dams, dam sites, aqueducts, and all other rights or means for appropriating, conveying, storing and supplying water; all rights of way and roads; all plants for the generation of electricity and other forms of energy (whether now known or hereafter developed) by steam, water, sunlight, chemical processes and/or (without limitation) all other sources of power (whether now known or hereafter developed); all power houses, gas plants, street lighting systems, standards and other equipment incidental thereto; all telephone, radio, television and other communications, image and data transmission systems, air-conditioning systems and equipment incidental thereto, water wheels, water works, water systems, steam and hot water plants, substations, lines, service and supply systems, bridges, culverts, tracks, ice or refrigeration plants and equipment, offices, buildings and other structures and the equipment thereof; all machinery, engines, boilers, dynamos, turbines, electric, gas and other machines, prime movers, regulators, meters, transformers, generators (including, but not limited to, engine-driven generators and turbogenerator units), motors, electrical, gas and mechanical appliances, conduits, cables, water, steam, gas or

other pipes, gas mains and pipes, service pipes, fittings, valves and connections, pole and transmission lines, towers, overhead conductors and devices, underground conduits, underground conductors and devices, wires, cables, tools, implements, apparatus, storage battery equipment and all other fixtures and personalty; all municipal and other franchises, consents or permits; all lines for the transmission and distribution of electric current and other forms of energy, gas, steam, water or communications, images and data for any purpose including towers, poles, wires, cables, pipes, conduits, ducts and all apparatus for use in connection therewith and (except as herein or in the Mortgage expressly excepted) all the right, title and interest of the Company in and to all other property of any kind or nature appertaining to and/or used and/or occupied and/or enjoyed in connection with any property hereinbefore described;

TOGETHER WITH all and singular the tenements, hereditaments, prescriptions, servitudes and appurtenances belonging or in anywise appertaining to the aforesaid property or any part thereof, with the reversion and reversions, remainder and remainders and (subject to the provisions of Section 13.01 of the Mortgage) the tolls, rents, revenues, issues, earnings, income, product and profits thereof, and all the estate, right, title and interest and claim whatsoever, at law as well as in equity, which the Company now has or may hereafter acquire in and to the aforesaid property and franchises and every part and parcel thereof;

IT IS HEREBY AGREED by the Company that, subject to the provisions of Section 18.03 of the Mortgage, all the property, rights and franchises acquired by the Company (by purchase, consolidation, merger, donation, construction, erection or in any other way) after the date hereof, except any herein or in the Mortgage expressly excepted, shall be and are as fully mortgaged and pledged hereby and as fully embraced within the Lien of the Mortgage as if such property, rights and franchises were now owned by the Company and were specifically described herein or in the Mortgage and mortgaged hereby or thereby;

PROVIDED THAT the following are not and are not intended to be now or hereafter mortgaged or pledged hereunder, nor is a security interest therein hereby granted or intended to be granted, and the same are hereby expressly excepted from the Lien and operation of the Mortgage, namely: (1) cash, shares of stock, bonds, notes and other obligations and other securities not hereafter specifically pledged, paid, deposited, delivered or held under the Mortgage or covenanted so to be; (2) merchandise, equipment, apparatus, materials or supplies held for the purpose of sale or other disposition in the usual course of business or for the purpose of repairing or replacing (in whole or part) any rolling stock, buses, motor coaches, automobiles or other vehicles or aircraft or boats, ships or other vessels, and any fuel, oil and similar materials and supplies consumable in the operation of any of the properties of the Company; rolling stock, buses, motor coaches, automobiles and other vehicles and all aircraft; boats, ships and other vessels; all crops (both growing and harvested), timber (both growing and harvested), minerals (both in place and severed), and mineral rights and royalties; (3) bills, notes and other instruments and accounts receivable, judgments, demands, general intangibles and choses in action, and all contracts, leases and operating agreements not specifically pledged under the Mortgage or covenanted so to be; (4) the last day of the term of any lease or leasehold which may be or become subject to the Lien of the Mortgage; (5) electric energy, gas, water, steam, ice and other materials, forms of energy or products generated, manufactured, produced or purchased by the Company for sale, distribution or use in the ordinary course of its business; (6) any natural gas wells or natural gas leases or natural gas transportation lines or other works or property used primarily and principally in the production of natural gas or its transportation, primarily for the purpose of sale to natural gas customers or to a natural gas distribution or pipeline company, up to the point of connection with any distribution system; (7) the Company's franchise to be a corporation; (8) any interest (as lessee, owner or otherwise) in the Wyodak Facility, including, without limitation, any equipment, parts, improvements, substitutions, replacements or other property relating thereto; and (9) any property heretofore released pursuant to any provision of the Mortgage and not heretofore disposed of by the Company; provided, however, that the property and rights expressly excepted from the Lien and operation of the Mortgage in the above subdivisions (2) and (3) shall (to the extent permitted by law) cease to be so excepted in the event and as of the date that the Trustee or a receiver for the Trustee shall enter upon and take possession of the Mortgaged and Pledged Property in the manner provided in Article XV of the Mortgage by reason of the occurrence of a Default;

AND IT IS HEREBY COVENANTED by the Company that all the terms, conditions, provisos, covenants and provisions contained in the Mortgage shall affect and apply to the property hereinbefore described and conveyed, and to the estates, rights, obligations and duties of the Company and the Trustee and the beneficiaries of the trust with respect to said property, and to the Trustee and its successor or successors in the trust, in the same manner and with the same effect as if the said property had been owned by the Company at the time of the execution of the Mortgage, and had been specifically and at length described in and conveyed to said Trustee by the Mortgage as a part of the property therein stated to be conveyed.

The Company further covenants and agrees to and with the Trustee and its successor or successors in such trust under the Mortgage, as follows:

 

 

 

SECTION 1.01. There shall be a series of bonds designated “3.85% Series due 2021” (herein sometimes referred to as the Thirty-Eighth Series), each of which shall also bear the descriptive title “First Mortgage Bond,” and the form thereof, which shall be established by or pursuant to a Resolution, shall contain suitable provisions with respect to the matters hereinafter in this Section specified.

(I) Bonds of the Thirty-Eighth Series shall mature on June 15, 2021 and shall be issued as fully registered bonds in the minimum denomination of two thousand dollars and, at the option of the Company, any multiple or multiples of one thousand dollars in excess thereof (the exercise of such option to be evidenced by the execution and delivery thereof).

The Company reserves the right to establish, at any time, by or pursuant to a Resolution filed with the Trustee, a form of coupon bond, and or appurtenant coupons, for the Thirty-Eighth Series and to provide for exchangeability of such coupon bonds with the bonds of the Thirty-Eighth Series issued hereunder in fully registered form and to make all appropriate provisions for such purpose.

Bonds of the Thirty-Eighth Series need not be issued at the same time and such series may be reopened at any time, without notice to or the consent of any then-existing holder or holders of any bond of the Thirty-Eighth Series, for issuances of additional bonds of the Thirty-Eighth Series in an unlimited principal amount. Any such additional bonds will have the same interest rate, maturity and other terms as those initially issued, except for payment of interest accruing prior to the original issue date of such additional bonds and, if applicable, for the first interest payment date following such original issue date.

(II) Bonds of the Thirty-Eighth Series shall bear interest at the rate of three and eighty-five hundredths per centum (3.85%) per annum payable semi-annually in arrears on June 15 and December 15 of each year (each, an “Interest Payment Date”). Bonds of the Thirty-Eighth Series shall be dated and shall accrue interest as provided in Section 2.06 of the Mortgage.

The initial Interest Payment Date is December 15, 2011. The amount of interest payable will be computed on the basis of a 360-day year consisting of twelve 30-day months. If any date on which interest is payable on any bond of the Thirty-Eighth Series is not a Business Day, then payment of the interest payable on that date will be made on the next succeeding day which is a Business Day (and without any additional interest or other payment in respect of any delay), with the same force and effect as if made on such date.

Interest payable on any bond of the Thirty-Eighth Series and punctually paid or duly provided for on any Interest Payment Date for such bond will be paid to the person in whose name the bond is registered at the close of business on the Record Date (as hereinafter specified) for such bond next preceding such Interest Payment Date; provided, however, that interest payable at maturity or upon earlier redemption will be payable to the person to whom principal shall be payable. So long as the bonds of the Thirty-Eighth Series remain in book-entry only form, the “Record Date” for each Interest Payment Date shall be the close of business on the Business Day before the applicable Interest Payment Date. If the bonds of the Thirty-Eighth Series are not in book-entry only form, the Record Date for each Interest Payment Date shall be the close of business on the 1^st calendar day of the month in which the applicable Interest Payment Date occurs (whether or not a Business Day).

“Business Day” means, for purposes of this Section (II), a day other than (i) a Saturday or a Sunday, or (ii) a day on which banking institutions in The City of New York are authorized or obligated by law or executive order to remain closed.

Any interest on any bond of the Thirty-Eighth Series which is payable but is not punctually paid or duly provided for, on any Interest Payment Date for such bond (herein called “Defaulted Interest”), shall forthwith cease to be payable to the registered owner on the relevant Record Date for the payment of such interest solely by virtue of such owner having been such owner; and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in subsection (i) or (ii) below:

 

 

Subject to the foregoing provisions of this Section, each bond of the Thirty-Eighth Series delivered under the Mortgage upon transfer of or in exchange for or in lieu of any other bond shall carry all rights to interest accrued and unpaid, and to accrue, which were carried by such other bond and each such bond shall bear interest from such date, that neither gain nor loss in interest shall result from such transfer, exchange or substitution.

(III) The principal of and interest and premium, if any, on each bond of the Thirty-Eighth Series shall be payable at the office or agency of the Company in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for public and private debts or in such other currency or currency unit as shall be determined by or in accordance with the Resolution filed with the Trustee.

(IV) Bonds of the Thirty-Eighth Series shall not be redeemable prior to maturity at the option of any holder or holders of such bonds. Bonds of the Thirty-Eighth Series shall be redeemable in whole or in part and at any time prior to maturity at the option of the Company. Prior to March 15, 2021, the redemption price shall include accrued and unpaid interest to the redemption date on the bonds to be redeemed, plus the greater of (a) one hundred per centum (100%) of the principal amount of bonds then Outstanding to be redeemed, or (b) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate, plus 12.5 basis points, as calculated by an Independent Investment Banker. At any time on or after March 15, 2021, the redemption price shall include accrued and unpaid interest to the redemption date on the bonds to be redeemed, plus one hundred percent (100%) of the principal amount of bonds then Outstanding to be redeemed. The Company shall give the Trustee notice of the redemption price referred to in the second preceding sentence immediately after the calculation thereof, and the Trustee shall have no responsibility for such calculation. If the Company elects to partially redeem the bonds of the Thirty-Eighth Series, the Trustee shall select in a fair and appropriate manner the bonds of the Thirty-Eighth Series to be redeemed.

    “Adjusted Treasury Rate” means, with respect to any redemption date, the yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the Remaining Life, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be determined and the Adjusted Treasury Rate will be interpolated or extrapolated from such

yields on a straight line basis, rounding to the nearest month); or if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date. The Adjusted Treasury Rate will be calculated on the third Business Day preceding the redemption date.

“Business Day” means, for purposes of this Section (IV), a day other than (i) a Saturday or a Sunday, or (ii) a day on which banking institutions in The City of New York are authorized or obligated by law or executive order to remain closed.

“Comparable Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity comparable to the remaining term of the bonds of the Thirty-Eighth Series to be redeemed that would be used, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such bonds (the “Remaining Life”).

“Comparable Treasury Price” means, with respect to any redemption date, (a) the average of four Reference Treasury Dealer Quotations for such redemption date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (b) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations.

“Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company and its successors, or if that firm is unwilling or unable to serve as such, an independent investment and banking institution of national standing appointed by the Company.

“Reference Treasury Dealer” means: (a) each of J.P. Morgan Securities LLC, RBS Securities Inc. and a Primary Treasury Dealer (as defined herein) selected by Wells Fargo Securities, LLC and their respective successors; provided that, if one of these parties ceases to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Company will substitute another Primary Treasury Dealer; and (b) any other Primary Treasury Dealers selected by the Company.

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any redemption date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker at 5:00 p.m., New York City time, on the third Business Day preceding such redemption date.

(V) Each bond of the Thirty-Eighth Series may have such other terms as are not inconsistent with Section 2.03 of the Mortgage, and as may be determined by or in accordance with a Resolution filed with the Trustee.

(VI) At the option of the registered owner, any bonds of the Thirty-Eighth Series, upon surrender thereof for cancellation at the office or agency of the Company in the Borough of Manhattan, The City of New York, shall be exchangeable for a like aggregate principal amount of bonds of the same series and same terms of other authorized denominations.

(VII) Bonds of the Thirty-Eighth Series shall be transferable, subject to any restrictions thereon set forth in any such bond of the Thirty-Eighth Series, upon the surrender thereof for cancellation, together with a written instrument of transfer, if required by the Company, duly executed by the registered owner or by his, her or its duly authorized attorney, at the office or agency of the Company in the Borough of Manhattan, The City of New York. Upon any transfer or exchange of bonds of the Thirty-Eighth Series, the Company may make a charge therefor sufficient to reimburse it for any tax or taxes or other government charge, as provided in Section 2.08 of the Mortgage, but the Company hereby waives any right to make a charge in addition thereto for any exchange or transfer of bonds of the Thirty-Eighth Series.

(VIII) After the execution and delivery of this Twenty-Fourth Supplemental Indenture and upon compliance with the applicable provisions of the Mortgage and this Twenty-Fourth Supplemental Indenture, it is contemplated that there shall be issued bonds of the Thirty-Eighth Series in an initial aggregate principal amount of Four-Hundred Million Dollars (U.S. $400,000,000).

 

 

 

SECTION 2.01. The Company reserves the right, without any consent or other action by holders of bonds of the Ninth Series, or any other series of bonds subsequently created under the Mortgage (including the bonds of the Thirty-Eighth Series), to make such amendments to the Mortgage, as heretofore amended and supplemented, as shall be necessary in order to amend the first proviso to the granting clause of the Mortgage, which proviso sets forth the properties excepted from the Lien of the Mortgage, to add a new exception (10) which shall read as follows:

“(10) allowances allocated to steam-electric generating plants owned by the Company or in which the Company has interests, pursuant to Title IV of the Clean Air Act Amendments of 1990, Pub. L. 101-549, Nov. 15, 1990, 104 Stat. 2399, 42 USC 7651, et seq., as now in effect or as hereafter supplemented or amended.”

    

 

 

 

SECTION 3.01. The right, if any, of the Company to assert the defense of usury against a holder or holders of bonds of the Thirty-Eighth Series or any subsequent series shall be determined only under the laws of the State of New York.

 

SECTION 3.02. The terms defined in the Mortgage shall, for all purposes of this Twenty-Fourth Supplemental Indenture, have the meanings specified in the Mortgage. The terms defined in Article I of this Twenty-Fourth Supplemental Indenture shall, for purposes of that Article, have the meanings specified in Article I of this Twenty-Fourth Supplemental Indenture.

 

SECTION 3.03. The Trustee hereby accepts the trusts hereby declared, provided, created or supplemented, and agrees to perform the same upon the terms and conditions herein and in the Mortgage, as hereby supplemented, set forth, including the following:

 

The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Twenty-Fourth Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made by the Company solely. Each and every term and condition contained in Article XIX of the Mortgage shall apply to and form part of this Twenty-Fourth Supplemental Indenture with the same force and effect as if the same were herein set forth in full, with such omissions, variations and insertions, if any, as may be appropriate to make the same conform to the provisions of this Twenty-Fourth Supplemental Indenture.

 

SECTION 3.04. Whenever in this Twenty-Fourth Supplemental Indenture either of the Company or the Trustee is named or referred to, this shall, subject to the provisions of Articles XVIII and XIX of the Mortgage, be deemed to include the successors and assigns of such party, and all the covenants and agreements in this Twenty-Fourth Supplemental Indenture contained by or on behalf of the Company, or by or on behalf of the Trustee, shall, subject as aforesaid, bind and inure to the respective benefits of the respective successors and assigns of such parties, whether so expressed or not.

 

SECTION 3.05. Nothing in this Twenty-Fourth Supplemental Indenture, expressed or implied, is intended, or shall be construed to confer upon, or to give to, any person, firm or corporation, other than the parties hereto and the holders of the bonds and coupons outstanding under the Mortgage, any right, remedy or claim under or by reason of this Twenty-Fourth Supplemental Indenture or any covenant, condition, stipulation, promise or agreement hereof, and all the covenants, conditions, stipulations, promises and agreements in this Twenty-Fourth Supplemental Indenture contained by or on behalf of the Company shall be for the sole and exclusive benefit of the parties hereto, and of the holders of the bonds and of the coupons outstanding under the Mortgage.

SECTION 3.06. This Twenty-Fourth Supplemental Indenture shall be executed in several counterparts, each of which shall be an original and all of which shall constitute but one and the same instrument.

 

 

 

The properties of the Company, owned as of the date hereof, and used (or held for future development and use) in connection with the Company's electric utility systems, or for other purposes, as follows:

 

Parcel 2, Partition Plat No. 2009-39 recorded December 22, 2009 in Partition Cabinet 4, Page 6, Deschutes County, Oregon.

 

 

Parcel One (1) of Partition Plat No. 2010-10, recorded June 25, 2010 in Partition Cabinet 4, Page 36, Deschutes County, Oregon.

 

 

This legal description is created pursuant to Douglas County Planning Department File No. 09-M074. Tax Parcel Number: R36634.

 

 

Commencing at a 2.5 inch brass disc marking the one-quarter corner between Section 35 in Township 36 South, Range 1 West and Section 2 in Township 37 South, Range 1 West of the Willamette Meridian in Jackson County, Oregon; thence South 89°55'47" West along the section line between said Sections 35 and 2, a distance of 657.77 feet to a set 5/8 inch iron rebar with orange plastic cap; thence leaving said section line South 26°41'11" East 1466.34 feet to a set 5/8 inch iron rebar with orange plastic cap witness monument; thence South 27°06'38" East 40.00 feet to a set 5/8" iron rebar with orange plastic cap witness monument for the true point of beginning of the line to be described; thence North 27°32'06" West 20.0 feet, more or less, to a point situated on the North boundary said Tract 52; thence South 27"32'06" East 20.0 feet to said 5/8 inch iron rebar witness monument; thence continue South 27°32'06" East 1389.84 feet to a set 5/8 inch iron rebar with orange plastic cap witness monument; thence continue South 27"32'06" East 12.0 feet, more or less, to intersect the Southwesterly boundary of said Tract 51 for the point of termination of said described line. Subject to lands lying within public roads.

 

 

Commencing at a 2.5 inch brass disc marking the one-quarter corner between Section 35 in Township 36 South, Range 1 West and Section 2 in Township 37 South, Range 1 West of the Willamette Meridian in Jackson County, Oregon, thence South 89°55'47" West, along the section line between said Sections 35 and 2, a distance of 657.77 feet to a set 5/8 inch iron rebar with

orange plastic cap, thence leaving said section line South 26°41'11" East 1466.34 feet to a set 5/8 inch iron rebar with orange plastic cap witness monument, thence South 27°06'38" East 40.00 feet to a 5/8 inch iron rebar with orange plastic cap witness monument, thence South 27°32'06" East 1389.84 feet to a set 5/8 inch iron rebar with orange plastic cap witness monument, thence South 27°09'33" East 117.52 feet to a 5/8 inch iron rebar with orange plastic cap witness monument, thence South 26°09'57" East 1464.30 feet to a set 5/8 inch iron rebar with orange plastic cap witness monument for the true point of beginning of the line to be described; thence North 26°09'57" West 20.0 feet, more or less, to a point situated on the North boundary said Tract 64; thence South 26°09'57" East 20.0 feet to said 5/8 inch iron rebar witness monument; thence continue South 26°09'57" East 329.62 feet to a set 5/8 inch iron rebar with orange plastic cap witness monument; thence continue South 26°09'57" East 20.0 feet, more or less, to intersect the South boundary of said Tract 61 for the point of termination of said described line. Subject to lands lying within public roads.

 

 

Commencing at a 2.5 inch brass disc marking the one-quarter corner between Section 35 in Township 36 South, Range 1 West and section 2 in Township 37 South, Range 1 West of the Willamette Meridian in Jackson County, Oregon; thence South 89°55'47" West, along the section line between said Sections 35 and 2, a distance of 657.77 feet to a set 5/8 inch iron rebar with orange plastic cap for the true point of beginning of the line to be described, said point also being on the North boundary of said Tract 40 described above; thence leaving said Section line, South 26°41'11" East 59.29 feet to a set 5/8 inch rebar with orange plastic cap witness monument; thence continue South 26°41'11" East 1407.05 feet to a set 5/8 inch iron rebar with orange plastic cap witness monument; thence continue South 26°41'11" East 20.0 feet, more or less to intersect the South boundary of said Tract 40 for the point of termination of said described line. Subject to lands lying within public roads.

 

 

Commencing at a 2.5 inch brass disc marking the one-quarter corner between Section 35 in Township 36 south, Range 1 West and Section 2 in Township 37 South, Range 1 West of the Willamette Meridian in Jackson County, Oregon: thence South 89⁰ 55' 47" West, along the section line between said Sections 35 and 2, a distance of 657.77 feet to a set 5/8 inch iron rebar with orange plastic cap; thence leaving said section line South 26°41' 11" East 1466.34 feet to a set 5/8 inch iron rebar with orange plastic cap witness monument; thence South 27⁰ 06' 38" East 40.00 feet to a set 5/8 inch iron rebar with orange plastic cap witness monument; thence South 27⁰ 32' 06" East 1389.84 feet to a set 5/8 inch iron rebar with orange plastic cap witness monument; thence South 27⁰ 09' 33" East 117.52 feet to a 5/8 inch iron rebar with orange plastic cap witness monument for the true point of beginning of the line to be described; thence North 26⁰ 09' 57" West 10 feet, more or less, to a point situated on the North boundary of said Tract 55: thence South 26⁰ 09' 57" East 10 feet to said 5/8 inch iron rebar witness monument; thence continue South 26⁰ 09' 57" East 1424.30 feet to a set 5/8 inch iron rebar with orange plastic cap witness monument; thence continue South 26⁰ 09' 57" East 20.0 feet more or less to intersect the South boundary of said Tract 56 for the point of termination of said described line. Subject to lands lying within public roads.

 

 

TOGETHER WITH Tract 39 of ELEVEN-EIGHTY ORCHARD TRACT in Jackson County, Oregon, according to the Official Plat thereof, now of record. Subject to lands lying within public roads.

 

 

Commencing at a 2.5 inch brass disc marking the one-quarter corner between Section 35 in Township 36 South, Range 1 West and Section 2 in Township 37 South, Range 1 West of the Willamette Meridian in Jackson County, Oregon, thence South 89°55'47" West, along the section line between said Sections 35 and 2, a distance of 657,77 feet to a set 5/8 inch iron rebar with orange plastic cap, thence leaving said section line South 26°41'11" East 1466.34 feet to a set 5/8 inch iron rebar with orange plastic cap witness monument, thence South 27°06'38" East 40.00 feet to a 5/8 inch iron rebar with orange plastic cap witness monument, thence South 27°32'06" East 1389.84 feet to a 5/8 inch iron rebar with orange plastic cap witness monument, thence South 27°09'33" East 117,52 feet to a 5/8 inch iron rebar with orange plastic cap witness monument, thence South 26°09'57" East 1833.92 feet to a 5/8 inch iron rebar with orange plastic cap witness monument for the true point of beginning of the line to be described; thence North 26°09'57" West 20.0 feet, more or less, to a point situated on the North boundary of said Tract 62; thence South 26°09'57" East 20,0 feet to said 5/8 inch iron rebar witness monument; thence continue South 26°09'57" East 572,20 feet to a set 5/8 inch iron rebar with orange plastic cap; thence South 71°57'00" East 940.43 feet to a set 5/8 inch iron rebar with orange plastic cap witness monument which bears North 00°39'03" West 162,30 feet and North 71°57'00" West 35.00 feet from a 2.5 inch brass disc marking the Southeast corner of said Section 2; thence continue South 71°57'00" East 3,3 feet, more or less, to intersect the East boundary of said Tract 63 for the point of termination of said described line. Subject to lands lying within public roads.

 

 

Beginning at the southeast comer of the Parcel being described and a point on the east line of said Section 31 and from which point the southeasterly comer of said Section 31 bears S.1 ° 26' 58"W., 176.31 feet; thence N.90⁰ 00' 00''W., 5148.70 feet to the southwest corner of the Parcel being described; thence N.O⁰ OO' OO"W., 4229.31 feet to the northwest corner of the Parcel being described; thence N.90⁰ 00' 00''E., 5255.72 feet to the northeast comer of the Parcel being described and a point in and intersection with east line of said Section 31; thence S. l °26' 58"W.,along the east line of said Section 31, 4230.66 feet to the Point of Beginning and containing 505.09 acres, more or less, as set forth by the plat attached and made a part hereof.

 

 

 

The Southeast quarter of the Southeast quarter of Section 19, Township 6 North, Range 4 East of the Willamette Meridian, Cowlitz County, Washington.

 

 

 

 

 

 

 

 

Beginning at the southeasterly corner of the Parcel being described and from which point the northeast corner of said Section 33 bears N.50⁰ 40'07"E., 839.66 feet; thence from said Point of Beginning and along the southerly line of the parcel being described S.82°29'0l"W., 400.00 feet to the southwesterly corner of said parcel being described thence along the westerly line of the parcel being described N. 7⁰ 3l'01"W., 544.43 feet to the northwesterly corner of said parcel being described; thence along the northerly line of 2 the parcel being described N.82°29'01"E., 400.00 feet to the northeasterly corner of said parcel being described and from which point the northeast corner of said Section 33 bears S.88°23'5l "E., 720.73 feet; thence along the easterly line of the parcel being described S. 7⁰ 3l' 01"E., 544.43 feet to the Point of Beginning and said parcel containing 4.999 Acres, more or less, as set forth by the attached plat and made a part hereof.

 

A PART OF THE NORTHEAST QUARTER OF SECTION 15, TOWNSHIP 10 NORTH, RANGE 3 WEST, SALT LAKE BASE & MERIDIAN.

 

A PART OF THE NORTHEAST QUARTER OF SECTION 15, TOWNSHIP 10 NORTH, RANGE 3 WEST, SALT LAKE BASE & MERIDIAN.

 

PARCEL 1:

 

Beginning at a point which lies South 89° 50' 41" West 1,114.53 feet along the Section line and North 00° 09' 19" West 58.50 feet from the Southeast Corner of Section 27, Township 41 South, Range 13 West, Salt Lake Base and Meridian and running thence South 89° 50' 41" West 120.00 feet; thence North 00° 09' 19" West 90.00 feet; thence North 89° 50' 41" East 120.00 feet; thence South 00° 09' 19" East 90.00 feet to the Point of Beginning.

 

PARCEL 2:

An Ingress/Egress and Utility Easement as created by Warranty Deed recorded June 26, 2009, as Entry No. 20090024860 and re-recorded September 18, 2009 as Entry No. 20090036309, Official Washington County Records, over and across the following described parcel:

 

Beginning at a point which lies South 89° 0' 41" West 1,114.53 feet along the Section line and North 00° 09' 19" West 58.50 feet from the Southeast Corner of Section 27, Township 41 South, Range 13 West, Salt Lake Base and Meridian and running thence South 00° 09' 19" East 16.00 feet to a point on the Northerly Right-of-Way line of 600 North Street, an 80.00 foot wide public street; thence along said Northerly Right-of-Way line South 89° 50' 41" West 120.00 feet; thence leaving said Northerly Right-of-Way line North 00° 09' 19" West 16.00 feet; thence North 89° 50' 41" East 120.00 feet to the Point of Beginning.

 

 

 

 

 

 

IN WITNESS WHEREOF, PACIFICORP has caused its corporate name to be hereunto affixed, and this instrument to be signed and sealed by an Authorized Executive Officer of the Company, and its corporate seal to be attested to by its Assistant Secretary for and in its behalf, and The Bank of New York Mellon Trust Company, N.A. has caused its corporate name to be hereunto affixed, and this instrument to be signed and sealed by one of its Vice Presidents, and its corporate seal to be attested to by one of its Senior Associates, all as of the day and year first above written.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

On this ____ day of May, 2011, before me, ____________________________, a Notary Public in and for the State of Oregon, personally appeared Bruce N. Williams and Jeffery Erb, known to me to be Vice President and Treasurer and Assistant Secretary, respectively, of PACIFICORP, an Oregon corporation, who being duly sworn, stated that the seal affixed to the foregoing instrument is the corporate seal of said corporation and acknowledged this instrument to be the free, voluntary, and in all respects duly and properly authorized act and deed of said corporation.

 

IN WITNESS WHEREOF, I have hereunto set my hand and official seal the day and year first above written.

 

 

 

 

 

 

 

On this ____ day of May, 2011, before me, ____________________________, a Notary Public in and for the State of California, personally appeared Teresa Petta and Raymond Torres, known to me to be a Vice President and a Senior Associate, respectively, of THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association, who being duly sworn, stated that the seal affixed to the foregoing instrument is the corporate seal of said corporation and acknowledged this instrument to be the free, voluntary, and in all respects duly and properly authorized act and deed of said corporation.

 

IN WITNESS WHEREOF, I have hereunto set my hand and official seal the day and year first above written.