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3 - Commitment - Revision finalCOMMITMENT FOR TITLE INSURANCE ISSUED BY STEWART TITLE GUARANTY COMPANY File No.:22-4225 Policy No.:22-4225 This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Stewart Title Guaranty Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2006 - 2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance (08-01-16)22-4225 NOTICE IMPORTANT - READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT. THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON, INCLUDING A PROPOSED INSURED. THE COMPANY’S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS COMMITMENT TO ANY OTHER PERSON. COMMITMENT TO ISSUE POLICY Subject to the Notice; Schedule B, Part I - Requirements; Schedule B, Part II - Exceptions; and the Commitment Conditions,Stewart Title Guaranty Company, a(n) Texas corporation (the "Company"), commits to issue the Policy according to the terms and provisions of this Commitment. This Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the Proposed Policy Amount and the name of the Proposed Insured. If all of the Schedule B, Part I - Requirements have not been met within 180 days after the Commitment Date, this Commitment terminates and the Company’s liability and obligation end. COMMITMENT CONDITIONS 1. DEFINITIONS (a) "Knowledge" or "Known": Actual or imputed knowledge, but not constructive notice imparted by the Public Records. (b) "Land": The land described in Schedule A and affixed improvements that by law constitute real property. The term "Land" does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is to be insured by the Policy. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Stewart Title Guaranty Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2006 - 2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance (08-01-16)22-4225 (c) "Mortgage": A mortgage, deed of trust, or other security instrument, including one evidenced by electronic means authorized by law. (d) "Policy": Each contract of title insurance, in a form adopted by the American Land Title Association, issued or to be issued by the Company pursuant to this Commitment. (e) "Proposed Insured": Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment. (f) "Proposed Policy Amount": Each dollar amount specified in Schedule A as the Proposed Policy Amount of each Policy to be issued pursuant to this Commitment. (g) "Public Records": Records established under state statutes at the Commitment Date for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. (h) "Title": The estate or interest described in Schedule A. 2. If all of the Schedule B, Part I - Requirements have not been met within the time period specified in the Commitment to Issue Policy, this Commitment terminates and the Company’s liability and obligation end. 3. The Company’s liability and obligation is limited by and this Commitment is not valid without: (a) the Notice; (b) the Commitment to Issue Policy; (c) the Commitment Conditions; (d) Schedule A; (e) Schedule B, Part I—Requirements; [and] (f) Schedule B, Part II—Exceptions[; and (g) a counter-signature by the Company or its issuing agent that may be in electronic form]. 4. COMPANY’S RIGHT TO AMEND The Company may amend this Commitment at any time. If the Company amends this Commitment to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5. The Company shall not be liable for any other amendment to this Commitment. 5. LIMITATIONS OF LIABILITY (a) The Company’s liability under Commitment Condition 4 is limited to the Proposed Insured’s actual expense incurred in the interval between the Company’s delivery to the Proposed Insured of the Commitment and the delivery of the amended Commitment, resulting from the Proposed Insured’s good faith reliance to: (i) comply with the Schedule B, Part I - Requirements; (ii) eliminate, with the Company’s written consent, any Schedule B, Part II - Exceptions; or (iii) acquire the Title or create the Mortgage covered by this Commitment. (b) The Company shall not be liable under Commitment Condition 5(a) if the Proposed Insured requested the amendment or had Knowledge of the matter and did not notify the Company about it in writing. (c) The Company will only have liability under Commitment Condition 4 if the Proposed Insured would not have incurred the expense had the Commitment included the added matter when the Commitment was first delivered to the Proposed Insured. (d) The Company’s liability shall not exceed the lesser of the Proposed Insured’s actual expense incurred in good faith and described in Commitment Conditions 5(a)(i) through 5(a)(iii) or the Proposed Policy Amount. (e) The Company shall not be liable for the content of the Transaction Identification Data, if any. (f) In no event shall the Company be obligated to issue the Policy referred to in this Commitment unless all of the Schedule B, Part I - Requirements have been met to the satisfaction of the Company. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Stewart Title Guaranty Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2006 - 2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance (08-01-16)22-4225 (g) In any event, the Company’s liability is limited by the terms and provisions of the Policy. 6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT (a) Only a Proposed Insured identified in Schedule A, and no other person, may make a claim under this Commitment. (b) Any claim must be based in contract and must be restricted solely to the terms and provisions of this Commitment. (c) Until the Policy is issued, this Commitment, as last revised, is the exclusive and entire agreement between the parties with respect to the subject matter of this Commitment and supersedes all prior commitment negotiations, representations, and proposals of any kind, whether written or oral, express or implied, relating to the subject matter of this Commitment. (d) The deletion or modification of any Schedule B, Part II - Exception does not constitute an agreement or obligation to provide coverage beyond the terms and provisions of this Commitment or the Policy. (e) Any amendment or endorsement to this Commitment must be in writing [and authenticated by a person authorized by the Company]. (f) When the Policy is issued, all liability and obligation under this Commitment will end and the Company’s only liability will be under the Policy. 7. IF THIS COMMITMENT HAS BEEN ISSUED BY AN ISSUING AGENT The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance commitments and policies. The issuing agent is not the Company’s agent for the purpose of providing closing or settlement services. 8. PRO-FORMA POLICY The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating the coverage that the Company may provide. A pro-forma policy neither reflects the status of Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a commitment to insure. 9. ARBITRATION The Policy contains an arbitration clause. All arbitrable matters when the Proposed Policy Amount is $2,000,000 or less shall be arbitrated at the option of either the Company or the Proposed Insured as the exclusive remedy of the parties. A Proposed Insured may review a copy of the arbitration rules at http://www.alta.org/arbitration. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Stewart Title Guaranty Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2006 - 2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance (08-01-16) Schedule A 22-4225 Transaction Identification Data for reference only: Issuing Office:Trademark Title Services, Inc. Issuing Office’s ALTA® Registry ID: 1026947 Loan ID No.: Commitment No.:22-4225 Property Address:XXX McGlynn Park, Chanhassen, MN 55317 Revision No.:2 SCHEDULE A 1.Commitment Date: September 5, 2022 at 07:00 AM 2.Policy to be issued: a.ALTA Owners Policy (06/17/06) Proposed Insured:Mesenbrink Construction & Engineering, Inc. Proposed Policy Amount:$10,000,000.00 b.ALTA Loan Policy (06/17/06) Proposed Insured:Sterling State Bank, its successors and/or assigns as their respective interests may appear. Proposed Policy Amount:$5,000,000.00 3.The estate or interest in the Land described or referred to in this Commitment is Fee Simple. 4.The Title is, at the Commitment Date, vested in: Love 4 One Another Charities, a Minnesota Non-Profit Corporation 5.The Land is described as follows: SEE SCHEDULE C ATTACHED HERETO Trademark Title Services, Inc. Authorized Signatory This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Stewart Title Guaranty Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2006 - 2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance (08-01-16) Schedule B 22-4225 SCHEDULE B, PART I Requirements All of the following Requirements must be met: 1.The Proposed Insured must notify the Company in writing of the name of any party not referred to in this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The Company may then make additional Requirements or Exceptions. 2.Pay the agreed amount for the estate or interest to be insured. 3.Pay the premiums, fees, and charges for the Policy to the Company. 4.Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured, or both, must be properly authorized, executed, delivered, and recorded in the Public Records. 5.5.The following requirements must be met: a) This Commitment is for the exclusive use of Trademark Title Services, Inc. and its affiliates in closing the transaction described herein. Anyone else closing off this commitment shall be liable to Trademark Title Services, Inc. for all loss and damage, including payment of all charges shown on the Invoice/Memorandum of Charges attached hereto. b) Company's Affidavit(s) by all parties signing any deeds and/or mortgages to this transaction. c) Arrangements to request a closing date must be made through the Real Estate Closer or the Lender. The arrangements must provide for adequate time between receiving the Lender's written Loan Commitment and the closing date. Failure to provide that adequate time may result in the requested closing date not being available. d) Please pay all outstanding utility, water/sewer and diseased tree removal bills prior to closing. This Commitment does not cover utility, water/sewer and diseased tree removal bills against the subject premises not shown on tax or assessment records. e) Your attention is directed to the provisions of the Tax Reform Act of 1986 which requires the reporting to the Internal Revenue Service of all real estate transactions after January 1, 1987 except refinances. f) Identification will be required from all parties required to sign documents at closing. g) The following statement should appear on all deeds transferring title where no well certificate is needed "The Seller certifies that the Seller does not know of any wells on the described real property." h) Instruments in insurable/recordable form which must be executed, delivered and duly filed of record. i) Pursuant to Minn. Stat. 82.77, Trademark Title Services, Inc. requires all loan proceeds to be "Collected Funds" or "Qualified Loan Funds." Loan proceeds must be received either by wire or by check deposited, finally settled and credited to Trademark Title Services, Inc.'s escrow account, prior to funds being disbursed. Wired funds are required for all amounts exceeding $25,000.00. Amounts up to $25,000.00 are This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Stewart Title Guaranty Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2006 - 2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance (08-01-16) Schedule B 22-4225 accepted in the form of a wire, cashier's checks, or title company checks made payable to Trademark Title Services, Inc. 6.The Policy to be issued will insure any loss or damage that may arise by reason of any intervening liens or encumbrances between the date of the commitment and the recorded date of the instruments creating the insured(s) interest. Note: Gap coverage is only given if Trademark Title provides the insured(s) closing services and receives a signed owner affidavit at closing. 7.24 MONTH (MINIMUM) CHAIN OF TITLE: The current owner(s) shown on Schedule A were conveyed ownership to the land by Warranty Deed dated August 14, 2000, recorded August 30, 2000, as Document No. A274520. This is provided as an informational note only and will not appear on any policy issued. 8.General and special taxes and assessments as hereafter listed, if any (all amounts shown being exclusive of interest, penalties, and cost): Real estate taxes payable in 2022 are $73,290.00, Base tax $72,251.64 and are paid in full. Commercial. Property Identification No. 25-4520020 (Outlot A, McGlynn Park). Note: There are no delinquent taxes of record. Note: 1st half taxes payable on or before May 15th; 2nd half taxes payable on or before October 15th. NOTE: Any difference between the Total tax shown above the Base tax may be the result of a county charge, generally for ancillary municipality or county services that are certified county wide on most property and not the result of an assessment. 9.General and special taxes and assessments as hereafter listed, if any (all amounts shown being exclusive of interest, penalties, and cost): Real estate taxes payable in 2022 are $32,022.00, Base tax $31,898.55 and are paid in full. Commercial. Property Identification No. 25-4480020 (Outlot A, McGlynn Park 2nd Addn). Note: There are no delinquent taxes of record. Note: 1st half taxes payable on or before May 15th; 2nd half taxes payable on or before October 15th. NOTE: Any difference between the Total tax shown above the Base tax may be the result of a county charge, generally for ancillary municipality or county services that are certified county wide on most property and not the result of an assessment. 10.Levied Assessment for 2021 Delq Util in the amount of $38.36 is certified to the 2022 taxes. NOTE: Unpaid principal balance remaining is $0.00. NOTE: There are no pending assessments of record. NOTE: The search used is dated August 18, 2022. PID 25-4520020. 11.Levied Assessment for 2021 Delq Util in the amount of $123.45 is certified to the 2022 taxes. NOTE: Unpaid principal balance remaining is $0.00. PID 25-4480020. 12.Obtain and record release of Mortgage executed by Love 4 One Another Charities, as mortgagor(s) to Star Bank, as mortgagee, dated December 9, 2020, recorded December 21, 2020, as Document No. A713675 to secure $790,500.00. This mortgage secures an indemnity line of credit and/or revolving loan. The Company requires a This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Stewart Title Guaranty Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2006 - 2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance (08-01-16) Schedule B 22-4225 satisfactory written statement from the existing lender confirming (a) the payoff amount, (b) that the line of credit has been closed or frozen, and no further draws/advances will be permitted and/or the right to future advances has been terminated, and (c) agreeing to deliver a full satisfaction/release upon payment of the outstanding balance. 13.Trademark Title requires a statement from the seller(s) relative to any mortgage shown on Schedule B disclosing whether the seller(s) have entered into any forbearance or loan modification agreement with the lender relative to delayed or post postponed payments or other restructuring of the debt secured by the mortgage. 14.Provide for review by the undersigned a fully executed Purchase Agreement. Further exceptions and/or requirements may be made based upon review of the same. 15.The Owner's Policy will be issued for the value of the vacant land only. If it is desired that the improved value be insured, the Company must receive a written request to insure the improved value at least 5 days prior to closing. NOTE: There will be additional charges for the additional owner's coverage. 16.Warranty Deed from Love 4 One Another Charities, a non-profit corporation under the laws of Minnesota, to Mesenbrink Construction & Engineering, Inc. 17.We require that a copy of the Articles of Incorporation, Operational Agreement and/or Member Control Agreement be provided to the undersigned examiner prior to closing. We reserve the right to raise further requirements and/or exceptions. 18.Obtain and submit to the Company for recordation, a Mortgage naming Mesenbrink Construction & Engineering, Inc., as Mortgagor(s) and the proposed insured as Mortgagee. NOTE: Minnesota Law requires fee owner AND any spouse of a fee owner to join in on the Mortgage Deed unless said Mortgage Deed is a qualified Purchase Money Mortgage. 19.Trademark Title requires a Septic Compliance Certificate. Said Certificate must state that the septic system is operational and operating in compliance with the City and/or County and State regulations. In addition, a Carver County Property Transfer Septic System Disclosure Form executed by both the buyer and the seller must accompany the deed for filing. NOTE: This may apply to properties on City sewer and water so please contact the City or County for their specific forms and/or inspection requirements. 20.Subject premises is Abstract Property. Trademark Title Services, Inc. has prepared this Commitment from examination of the Public Records. 21.To schedule a closing, request a preliminary closing disclosure or settlement statement, please contact Lori Jo Roberts at Phone 952-226-7911 or email LoriJo.Roberts@TrademarkTitle.com. 22.This Title Commitment was examined by Lisa Langer. If you have any questions concerning this Commitment, please contact our Trademark Title Services, Inc. Production Department at (952) 224-8300 or email TTSupport@TrademarkTitle.com. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Stewart Title Guaranty Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2006 - 2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance (08-01-16) Schedule B 22-4225 This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Stewart Title Guaranty Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2006 - 2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance (08-01-16) Schedule B 22-4225 SCHEDULE B, PART II Exceptions THIS COMMITMENT DOES NOT REPUBLISH ANY COVENANT, CONDITION, RESTRICTION, OR LIMITATION CONTAINED IN ANY DOCUMENT REFERRED TO IN THIS COMMITMENT TO THE EXTENT THAT THE SPECIFIC COVENANT, CONDITION, RESTRICTION, OR LIMITATION VIOLATES STATE OR FEDERAL LAW BASED ON RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, HANDICAP, FAMILIAL STATUS, OR NATIONAL ORIGIN. The Policy will not insure against loss or damage resulting from the terms and provisions of any lease or easement identified in Schedule A, and will include the following Exceptions unless cleared to the satisfaction of the Company: 1.Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on which all of the Schedule B, Part I - Requirements are met. 2.Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company: a. Defects, liens encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this commitment. b. Rights or claims of parties in possession not shown by the public records. c. Any encroachment, encumbrance, violation, variation or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. d. Easements or claims of easements not shown by the public records. e. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the public records. f. Taxes or special assessments which are not shown as existing liens by the public records. g. Rights or claims of tenants, as tenants only, in possession under unrecorded leases. 3.Any municipality/city charges and fees and municipal code compliance matters that are not currently a lien or assessment as disclosed by public records. 4.Minerals of whatsoever kind, subsurface and surface substances, including but not limited to coal, lignite, oil, gas, uranium, clay, rock, sand and gravel in, on, under and that may be produced from the Land, together with all rights, privileges, and immunities relating thereto, whether or not appearing in the Public Records or listed in Schedule B. The Company makes no representation as to the present ownership of any such interests. There may be leases, grants, exceptions or reservations of interests that are not listed. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Stewart Title Guaranty Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2006 - 2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance (08-01-16) Schedule B 22-4225 5.Those taxes and special assessments which become due and payable subsequent to the date of closing. 6.The Owner's Policy will contain the following exceptions: This Policy is being issued for the value of the vacant land only, and the liability hereunder is hereby limited to the face amount of the policy. Rights or claims of parties in possession not shown by the public record. Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by an accurate survey and inspection of the premises. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 7.Subject to terms and conditions contained in Conditional Use Permit, recorded as Document No. 96527. 8.Subject to terms and conditions contained in Site Plan Approval, recorded as Document No. 98245. 9.Restrictions, covenants, conditions, easements and assessments contained in Declaration recorded as Document No. 187966, which have not been violated to date, but deleting any restrictions based on race, color, religion, national origin, sex, familial status or handicap. Any future violation will not result in forfeiture or reversion of title. 10.Subject to terms and conditions contained in Easement Agreement, recorded as Document No. 212079. 11.Subject to terms and conditions contained in Minnesota Department of Transportation Right-of-Way Plat No. 10-09, recorded as Document No. 260561. 12.Subject to terms and conditions contained in Final Certificate, recorded as Document No. A381006. 13.Subject to terms and conditions contained in Resolution No. 97-34 approving the vacation of a portion of Buttercup Road also known as McGlynn Road, recorded as Document No. 212080. 14.Any inaccuracy in the area, square footage, or acreage of land described in Schedule A or attached plat, if any. The Company does not insure the area, square footage, or acreage of the land. 15.Rights of the public, the County of Carver, State of Minnesota, and other governmental entities, in and to that part of the premises in question, if any, taken or used for road purposes. 16.Easements for utility and drainage as shown on recorded plats. 17.Subject to terms and conditions contained in Temporary Public Right of Way Easement, recorded as Document No. 187965. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Stewart Title Guaranty Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2006 - 2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance (08-01-16) Schedule C 22-4225 The Land is described as follows: Outlot A, McGlynn Park and Outlot A, McGlynn Park 2nd Addition, Carver County, Minnesota. Abstract Property.