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CAS-01_2019-01 GALPIN SITE 20 ACRE SPLITFredrikson March 12, 2019 VIA MESSENGER North American Title Company Attn: Todd M. Anderson 5001 W. American Blvd., Suite 300 Bloomington, MN 55437 Re: PRN Estate/Sale to US Home Corporation Dear Todd: Enclosed you will find two original Deeds of Sale in connection with the above matter. If you have any questions or comments concerning the Deeds, please give me a call. Very trulx yours, Senior Paralegal / / Direct Dial: 612.492. Email: Ilindenfelser@fredlaw.com LML:ajz Enclosures 66184106.1 Attorneys & Advisors main 612.492.7000 fax 612.492.7077 fredlaw.com Fredrikson & Byron, P.A. 200 South Sixth Street, Suite 4000 Minneapolis, Minnesota 55402-1425 MEMBER OFTHE WORLD SERVICES GROUP A Worldwide Network of Professional Service Providers OFFICES Minneapolis / Bismarck / Des Moines / Fargo / St. Paul / Saltillo. Mexico / Shanghai, China (Top 3 inches reserved for recording data) DEED OF SALE by Business Entity Personal Representative to Business Entity eCRV number: DEED TAX DUE: $ DATE: March. 2019 FOR VALUABLE CONSIDERATION, Comedca Bank & Trust, N.A., a National Association, as Personal Representative of the Estate of Prince Rogers Nelson, Decedent, single ® married ❑ at the time of death, hereby conveys and quitclaims to U.S. Home Corporation, a corporation under the laws of Delaware ("Grantee's, real property in Carver County, Minnesota, legally described as follows: See attached Exhibit A Check here it all or part of the described real property is Registered (Torrens) together with all hereditaments and appurtenances belonging thereto. Check applicable box. - The Seller certifies that the Seller does not know of any wells on the described real property. ❑ A well disclosure certificate accompanies this document or has been electronically filed. (If electronically filed, insert WDC number: [...1.) ❑ I am familiar with the property described in this instrument and I certify that the status and number of wells on the described real property have not changed since the last previously filed well disclosure certificate. Grantor Comerica Bank & Trust, N.A., a National Association, as Personal Representative of the Estate of Prince Rogers Nelson By Andrea L. Bruce Its: Vice President ECB-1058 Page 1 of 3 Page 2 of 3 State of County of DEED OF SALE This instrument was acknowledged before me on March /--� 2019, by Andrea L. Bruce, the Vice President of Comerica Bank & Trust, N.A., a National Association, as Personal Representative of the Estate of Prince Rogers Nelson, Decedent. (Stamp) TRACI LYNN KOFVN a - ; NOTARY PUBLIC - MINNESOTA Lw My Commission Expires January 31. 2020 e ■ THIS INSTRUMENT WAS DRAFTED BY: Freddkson & Byron, P.A. (LML) 200 South Slxth Street, Suite 4000 Minneapolis, MN 55402 6e130n5.1 (sgnaWre olrafaia oMcx) ...1_ 1 > Title (and Rank): oTLLpl,r �v ISLCL My commission expires: (montlJtlap}e&) TAX STATEMENTS FOR THE REAL PROPERTY DESCRIBED IN THIS INSTRUMENT SHOULD BE SENT TO: U.S. Home Corporation 16305- 36■ Avenue North, Suite 600 Plymouth, MN 55446 3of3 EXHIBIT A LEGAL DESCRIPTION Parcel 1: (Torrens Property) Tract A, Registered Land Survey No. 89, files of Registrar of Titles, Carver County, Minnesota. Parcel 2: (Torrens Property) DEED OF SALE Tract B, Registered Land Survey No. 89, according to the recorded plat thereof, Carver County, Minnesota, except all that part thereof tying northerly of the following described line: Commencing at the North Quarter comer of Section 10, Township 116, Range 23, said Carver County; thence on an assumed bearing of South 00 degrees 45 minutes 14 seconds East, along the North -South Quarter line of said Section 10, a distance of 515.00 feet to the point of beginning of the line to be described; thence South 87 degrees 48 minutes 41 seconds East, along a line parallel with the North line of the Northeast Quarter of said Section 10, a distance of 1661 feet plus or minus to the east line of said Tract B and the shoreline of Lake Lucy and there terminating. Parcel 3: (Torrens Property) That part of the South half of the Northeast Quarter of the Northwest Quarter of Section 10, Township 116, Range 23, Carver County, Minnesota, lying easterly of the centedine of County Road No. 117, also known as Galpin Boulevard, and lying North of the South 186.00 feet of said South half of the Northeast Quarter of the Northwest Quarter thereof. City Clerk's Certification Pursuant to M.S. 272.162 The undersigned hereby certifies: (Check one of the following) AThat City subdivision regulations do not apply to this instrument. That the subdivision of land affected by this instrument has been approved by the governing body of the City of Chanhassen. That municipal restrictions on the filing and recording of this instrument have been waived by a resolution of the governing body of the City of Chanhassen. That this instrument does not comply with municipal subdivision restrictions and the affected land and its assessed valuation should not be divided by the County Ai trIOnr (Top 3 inches reserved for recording data) DEED OF SALE by Business Entity Personal Representative to Business Entity eCRV number: DEED TAX DUE: $ DATE: March 2019 FOR VALUABLE CONSIDERATION, Comerca Bank & Trust, N.A., a National Association, as Personal Representative of the Estate of Prince Rogers Nelson, Decedent, single ® mamed ❑ at the time of death, hereby conveys and quitclaims to U.S. Home Corporation, a corporation under the laws of Delaware ('Grantee', real property in Carver County, Minnesota, legally described as follows: See attached Exhibit A Check here if all or part of the described real property is Registered (Torrens) together with all hereditamenls and appurtenances belonging thereto. Check applicable box: ❑ The Seller certifies that the Seller does not know of any wells on the described real property. ❑ A well disclosure certificate accompanies this document or has been electronically filed. (If electronically filed, insert WDC number: [... ].) ❑ I am familiar with the property described in this instrument and I certify that the status and number of wells on the described real property have not changed since the last previously filed well disclosure certificate. Grantor Comerica Bank & Trust, N.A., a National Association, as Personal Representative of the Estate of Prince Rogers Nelson By: Andrea L. Bruce Its: Vice President ), awv- ECB-1058 Page 1 of 3 2of3 State of L /Trk'$0"unty of 1 /u DEED OF SALE This instrument was acknowledged before me on March %v2- 2019, by Andrea L. Bruce, the Vice President of Comerica Bank & Trust, N.A., a National Association, as Personal Representative of the Estate of Prince Rogers Nelson, Decedent. (Stamp) � r1he�.rr. TRACI LYNN KOHN s`NOTARYPUBLIC-MINNESOTA My Commission Expires January 31, 2020 THIS INSTRUMENT WAS DRAFTED BY: Fredrikson & Byron, P.A. (LML) 200 South Sixth Street, Suite 4000 Minneapolis, MN 55402 66130775.1 jl� C'-/Wwv�- (sgre9oeoff*waf~ — Title (and Rank): Nd�" F'1' bbL My commission expires: J7-v1 • 3 i a-DoZ b TAX STATEMENTS FOR THE REAL PROPERTY DESCRIBED IN THIS INSTRUMENT SHOULD BE SENT TO: U.S. Home Corporation 16305 — 3P Avenue North, Suite 600 Plymouth, MN 55446 3of3 EXHIBIT A LEGAL DESCRIPTION Parcel 1: (Torrens Property) Tract A, Registered Land Survey No. 89, files of Registrar of Titles, Carver County, Minnesota. Parcel 2: (Torrens Property) DEED OF SALE Tract B, Registered Land Survey No. 89, according to the recorded plat thereof, Carver County, Minnesota, except all that part thereof lying northerly of the following described line: Commencing at the North Quarter comer of Section 10, Township 116, Range 23, said Carver County; thence on an assumed bearing of South 00 degrees 45 minutes 14 seconds East, along the North -South Quarter line of said Section 10, a distance of 515.00 feet to the point of beginning of the line to be described; thence South 87 degrees 48 minutes 41 seconds East, along a line parallel with the North line of the Northeast Quarter of said Section 10, a distance of 1661 feet plus or minus to the east line of said Tract B and the shoreline of Lake Lucy and there terminating. Parcel 3: (Torrens Property) That part of the South half of the Northeast Quarter of the Northwest Quarter of Section 10. Township 116, Range 23, Carver County, Minnesota, lying easterly of the centerline of County Road No. 117, also known as Galpin Boulevard, and lying North of the South 186.00 feet of said South half of the Northeast Quarter of the Northwest Quarter thereof. City Clerk's Certification Pursuant to M,S,272.162 The undersigned hereby certifies: (Check one of the following:) That City subdivision regulations do not apply to this instrument. That the subdivision of land affected by this instrument has been approved by the governing body of the City of Chanhassen. That municipal restrictions on the filing and recording of this instrument have been waived by a resolution of the governing body of the City of Chanhassen. That this instrument does not comply with municipal subdivision restrictions and the affected land and its assessed valuation should not be divided by the County Auditor. !!¥(; !!!-= z; a ! - if; , 5=| 3mm-- t.-Z 2«r RED | L_ �}� \|■ % � ��w ' � / 10. 116. 3 &!R — \/� "» '� - \}� \�| m ~ I.-g 3.3 I /�! ;$I I S S | !\ i !! {( - V��e�7 ®~ " . �� Description —� — -- — - 9 _ \_\ KSO LennarG7+_ __ COMMUNITY DEVELOPMENT DEPARTMENT CITY OF CHANHASSEN Planning Division — 7700 Market Boulevard Mailing Address — P.O. Box 147, Chanhassen, MN 55317 Phone: (952) 227-1300 / Fax: (952) 227-1110 0 APPLICATION FOR DEVELOPMENT REVIEW Submittal Date: _ __.. PC Date: _.. — _ CC Date: 60-Day Review Date: (Refer to the appropriate Application Checklist for required submittal information that must accompany this application) ❑ Comprehensive Plan Amendment ......................... $600 ❑ Minor MUSA line for failing on -site sewers ..... $100 ❑ Conditional Use Permit (CUP) ❑ Single -Family Residence ................................ $325 ❑ All Others .........................................................$425 ❑ Interim Use Permit ([UP) ❑ In conjunction with Single -Family Residence.. $325 ❑ All Others ......................................................... $425 ❑ Rezoning (REZ) ❑ Planned Unit Development(PUD)..................$750 ❑ Minor Amendment to existing PUD................. $100 ❑ All Others ......................................................... $500 ❑ Sign Plan Review...................................................$150 ❑ Site Plan Review (SPR) ❑ Administrative.................................................. $100 ❑ Commercial/Industrial Districts*......................$500 Plus $10 per 1,000 square feet of building area: L— thousand square feet) Include number of grs(;;j/pg employees: Include number of new employees: ❑ Residential Districts.........................................$500 Plus $5 per dwelling unit (_ units) ❑ Notification Sign (city to install and remove) .......................... ❑ Subdivision (SUB) ❑ Create 3 lots or less ...................... _................ S300 ❑ Create over 3 lots .......................$8W + $16 per lot lots) C] Metes & Bounds (2 lots) .................. _.._.......... $300 ❑ Consolidate Lots .......................... .................... $150 Lot Line Adjustment.........................................$150 ❑ Final Plat..........................................................$700 (includes $450 escrow for attorney costs)' 'Additional escrow may be required for other applications through the development contract. ❑ Vacation of Easements/Right-of-way (VAC)........ $300 (Additional recording fees may apply) ❑ Variance (VAR) .................................................... $200 ❑ Wetland Alteration Permit (WAP) ❑ Single -Family Residence ............................... $150 ❑ All Others ....................... _._...... _.................. $275 ❑ Zoning Appeal ............ .......... _............................ $100 ❑ Zoning Ordinance Amendment (ZOA)................. $500 NOTE: When multiple applications are processed eeeeumsndy, the appropriate fee shall be charged for each application. $200 ❑ Property Owners' List within 500' (City to generate after pre -application meeting) ................... ....................... _...... $3 per address addresses) ❑ Escrow for Recording Documents (check all that apply)....................................................................... $50 per document ❑ Conditional Use Permit ❑ Interim Use Permit ❑ Site Plan Agreement ❑ Vacation ❑ Variance ❑ Wetland Alteration Permit ❑ Metes & Bounds Subdivision (3 dots.) ❑ Easements easements) ❑ Deeds TOTAL FEE: Section 2: Required Information Description of Proposal: Property Address or Location: (ZF Parcel #:a6G �UOry 7n Legal Description: SFC-- Total Acreage: -15 R Wetlands Present? ERO�es ❑ No Present Zoning: Select One�4Z�Cti7� M _ �J�) j) Requested Zoning: Select One Present Land Use Designation: Select One Requested Land Use Designation: Select One Existing Use of Property: S( r ❑Check box if separate narrative is attached, k APPLICANT OTHER THAN PROPERTY OWNER: In signing this application, I, as applicant, represent to have obtained authorization from the property owner to file this application. I agree to be bound by conditions of approval, subject only to the right to object at the hearings on the application or during the appeal period. If this application has not been signed by the property owner, I have attached separate documentation of full legal capacity to file the application. This application should be processed in my name and I am the party wham the City should contact regarding any matter pertaining to this application. I will keep myself informed of the deadlines for submission of material and the progress of this application. I further understand that additional fees may be charged for consulting fees, feasbiity studies, etc. with an estimate prior to any authorization to proceed with the study. I certify that the information and exhibits submitted are true and correct. Name: Contact J'iX..r-— Address:.- 7Y — Phone: CRy/State]Zip: L s cell: G/a. 1,,, 0 - �z 75? Email: <fmmL Fax: Signature: Date: 3, (.3. / 9 PROPERTY R: In signing this application, I, as property owner, have full legal capacity to, and hereby do, authorize the filing of this application. I understand that conditions of approval are binding and agree to be bound by those conditions, subject only to the right to object at the hearings or during the appeal periods. 1 will keep myself informed of the deadlines for submission of material and the progress of this application. I further understand that additional fees may be charged for consulting fees, feasibility studies, etc. with an estimate prior to any authorization to proceed with the study. I certify that the information and exhibits submitted are true and correct. Comerica Bank & Trust, N.A. as Personal Representative of Gerard Snover, VP Name: the Estate of Prince Rogers Nelson Contact: Address: 55 Madison Ave, Suite 400 Phone: 212-590-9992 City/State/Zip: Morristown, NJ 07960 Cell: Email: gdsnover@oomerica.com Fax: Signature: Date: 3/12/2019 This application must be completed in full must be accompanied by all Information and plans required by applicable City Ordinance provisions. Be re filing this application, refer to the appropriate Application Cheddist and confer with the Planning Departmen to determine the specific ordinance and applicable procedural requirements and fees. A determination of completeness of the application shall be made within 15 business days of application submittal. A written notice of application deficiencies shall be mailed to the applicant within 15 business days of application. PROJECT ENGINEER (R applicable) Name: Contact: Address: Phone: CRY/State/Zip: Cell: Email: Fax: Who should recafve copies of staff reports? 'Other Contact Information: ❑ Property Owner Via: ❑ Email ❑ Mailed Paper Copy Name: ❑ Applicant Via: ❑ Email ❑ Mailed Paper Copy Address: ❑ Engineer Via: ❑ Email ❑ Mailed Paper Copy CRylState2ip: ❑ Other' Via: ❑ Email ❑ Mailed Paper Copy Email: INSTRUCTIONS TO APPLICANT: Complete all necessary form fieids, then select SAVE FORM to save a copy to your device. PRINT FORM and deliver to city along with required documents and payment SUBMIT FORM to send a digital copy to the city for processing. SAVE FORM %UN7 FORM $UeeaT FORM CITY OF CHANHASSEN P O BOX 147 CHANHASSEN MN 55317 03/15/2019 4:16 PM Receipt No. 00404252 CLERK: AshleyM PAYEE: Todd Anderson Galpin Blvd & Hunter Drive ------------------------------------------------------- Lot Line Adjustment 150.00 Total 150.00 Cash 0.00 Credit Cd 150.00 Change 0.00 AMERICAN LAND TITLE ASSOCIATION Commitment for Title Insurance Issued by Old Republic National Title Insurance Company 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, Old Republic National Title Insurance Company, a Minnesota 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. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY A S7od Cmpsry 400 SaundAwnua South, MmmWhs.. Manesota 55401 (6121371-II II 5Y ��%%•rt�iy ;"snr This page is only a part of a 2016 ALTATo Commitment for Title Insurance. 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 11— Exceptions. ALTA Commitrnent for Title Insurance 40852-to<7924 COMMITMENT CONDITIONS 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. (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; (f) Schedule B, Part 11- 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. This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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 It — Exceptions. ALTA Commitment fa Ttle Insurance 40952-1e-47924 (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. (a) 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. (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. (a) 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. 6. 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. 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. ALTA CommltmerN for Title Iruumn 40e52-1647924 SCHEDULE A AMERICAN LAND TITLE ASSOCIATION COMMITMENT Transaction Identification Date for reference only: Issuing Agent: North American Title Company Issuing Office: 5001 American Blvd. West, Suite 300, Bloomington, MN 55437 ALTA Universal ID: Commitment No.: 40852-18-47924 Issuing Office File No.: 40852-18-47924 Property Address: Tract A, B, C (Phase 1 of 2) First Closing, Chanhassen, MN 55331 6921 Galpin Blvd, Excelsior, MN 55331 7021 Galpin Blvd, Excelsior, MN 55331 Revision No.: 5 - March 11. 2019 1. Commitment Date: December 19, 2018 at 12:00 AM 2. Policy to be issued: a. ALTA Owners Policy (06/17/06) Proposed Insured: U.S. Home Corporation, a Delaware Corporation Proposed Policy Amount: 3. The estate or interest in the Land described or referred to in this Commitment is Fee Simple- 4. Title to the estate or interest in the Landis at the Commitment Date vested in: Parcel 1: Prince R. Nelson The Fee Owner was conveyed title by the Warranty Deed dated November 5, 1985, filed June 16, 1987 as Document No. 52343. Parcel 2: Prince R. Nelson The Fee Owner was conveyed title by the Warranty Deed dated November 5, 1985, filed June 16, 1987 as Document No. 52343. Parcel 3: Deleted by Title Company. Parcel 4: Deleted by Title Company. Parcel 5: Comerica Bank & Trust, N.A., a national association, as Personal Representative of the Estate of Prince Rogers Nelson Title was established by the Order and Decree of Registration dated December 13, 2018 and filed December 24, 2018 as Document No. 208612. Parcel 6: Deleted by Title Company. 5. The Land is described as follows: LEGAL DESCRIPTION ATTACHED HERETO AS EXHIBIT "A" AND MADE A PART HEREOF ALTA Commitment for Title Insurance 40B52-18-47924 Schedule A SCHEDULE A (Continued) FOR INFORMATIONAL PURPOSES ONLY: TORRENS Property Carver County Property Address: Tract A, B, C (Phase 1of 2) First Closing, Chanhassen, MN 55331 6921 Galpin Blvd, Excelsior, MN 55331 7021 Galpin Blvd, Excelsior, MN 55331 This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions, Schedule A; Schedule B, Part 1 — Requirements; and Schedule B, Part Il — Exceptions. Issued through the office of: North American Title Company Countersigned: 6a � Authorized Signatory Underwriter Name and Address: Issuing Agent Name and Address: Old Republic National Title Insurance Company North American Title Company 400 Second Avenue South 5001 American Blvd. West, Suite 300 Minneapolis, MN 55401 Bloomington, MN 55437 This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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. ALTA Commitment for Title Insurance 40852-18-47924 Schedule A SCHEDULE B-1 AMERICAN LAND TITLE ASSOCIATION COMMITMENT Issuing Office File No.: 40852-18-47924 Revision No.: 5 - March 11, 2019 Commitment No.: 40852-18-47924 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 Titie or create the Mortgage to be insured, or both, must be property authorized, executed, delivered, and recorded in the Public Records. 5. Please inform the Company if there exists a manufactured or mobile home structure located on the Land to be insured hereunder for review and possible further requirements. 6. Deleted by Title Company. 7. Deleted by Title Company. 8. Termination of an agreement with any third party to harvest hay during the 2018 hay season, it any. 9. Off -record inquiries indicate that Prince R. Nelson is deceased. Therefore, North American Title Company requires the following: a. Certified copy of unrestricted Letters of General Administration: b. The Letters must be certified on or after the date of closing. Upon review of the submitted documentation, North American Title Company reserves the right to make any additional requirements and/or exceptions. 10. The above probate documents must be Certified by the Examiner of Titles for Carver County prior to dosing. The Examiner of Titles Office has indicated that an Order from the Probate Court will not be required. 11. Deleted by Title Company. 12. Adequate evidence provided in writing from U.S. Home Corporation's Board of Directors or Chief Officer authorizing the acquisition of the subject property. Written evidence from the Board of Directors or the Chief Officer must also state that the Officer or employee executing the dosing documents has been given the power to act on behalf of the corporation. 13. Personal Representative's Deed from Comerica Bank & Trust, N.A., as Personal Representative of the Estate of Prince Rogers Nelson, to U.S. Home Corporation, a Delaware corporation. (Parcels 1, 2, and 5) This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requaements; and Schedule B, Part ll - Exceptions. ALTA Comnptrnent fw TNe Insurance 40852-18 47924 SchadLft BA SCHEDULE B-1 (Continued) 14. Deleted by Title Company. 15, Deleted by Title Company. 16. The subject property is Torrens; Torrens Certificate Numbers 30086 and 40163. 17. Note: The following documents have been recorded with the Office of the Carver County Recorder (only): a. Order Extending Appointment of Special Administrator, filed December 30, 2016 as Document No. 639379. b. Order of Formal Appointment of Special Administrator, fled December 30, 2016 as Document No. 639380. c. Letters of Special Administration (appointing Bremer Trust, National Association), filed December 30, 2016 as Document No. 639381. d. Order for Transition from Special Administrator to Personal Representative (appointing Comerica Bank & Trust N.A. as of February 1, 2017), filed February 22, 2017 as Document No. 641660. e. Letters of General Administration (appointing Comerica Bank & Trust N.A.) filed June 21, 2017 as Document No. 647232; also recorded on June 8, 2018 as Document No. 206656 in the Office of the Registrar of Tities. 16. The First Amendment to Option Agreement indicates that the subject property will be conveyed in two phases and will create the split of existing Tax Parcels. Therefore, all property taxes due and payable for the current year must be paid in full, along with any tax parcel split fees. In addition, approval from the appropriate municipality must be obtained and recorded where required. (Parcel 2) 19. The ALTAMSPS Land Tfte Survey by Pioneer Engineering, P.A., dated June 15, 2018, File No. 118100 must be revised to include the following: a. The Torrens boundary for Parcel 5 shown in bold; b. Easement Doc. No. 670221(A), filed November 16, 2018, shown at Schedule B-II, No. 28, herein; and c. Phase 1 and Phase 2 parcels. d. Deleted by Title Company. 20. Deleted by Title Company. 21. Deleted by Title Company. This page is only a part of a 2016 ALTA Commifinent for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions Schedule A; Schedule B, Part 1— Requirements; and Schedule B, Pan II — Exceptions. ALTA Commitment for Title Imurance with Florida Modifications 6-1-16 40852-18-47924 Schedule B-1 SCHEDULE B-II AMERICAN LAND TITLE ASSOCIATION COMMITMENT Issuing Office File No.: 40852-18-47924 Revision No.: 5 - March 11, 2019 Commitment No.: 40852-1847924 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. 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. 3. Rights or claims of parties in possession not recorded in the Public Records. 4. Easements, or claims of easements, not recorded in the Public Records. 5. Any liens, or right to a lien, for services, labor, or material furnished, imposed by law and not recorded in the Public Records. 6. Taxes or special assessments required to be paid in the year 2019 and subsequent years. 7. Taxes due and payable in 2018 in the amount of $32,590.00, total. First half taxes Paid, Second half taxes: Paid, Base tax $32,590.00, Special assessments $0.00, Non -homestead Property, Parcel No. 25.6900010. (Parcel1) Proposed 2019 taxes are $35,276.00, excluding special assessments, if any. 8. Taxes due and payable in 2018 in the amount of $229,414.00, total. First half taxes: Paid, Second half taxes: Paid, Base tax $229,414.00, Special assessments $0.00, Non -homestead Property, Parcel No. 25.6900020. (Parcel 2) Proposed 2019 taxes are $248,736.00, excluding special assessments, if any. 9. Deleted by Title Company. 10. Deleted by Title Company. 11. Taxes due and payable in 2018 in the amount of $9,268.00, total. First half taxes: Paid, Second half taxes: Paid, Base tax $9,268.00, Special assessments $0.00, Non -homestead Property, Parcel No. 25.0100200. (Parcel 5) Proposed 2019 taxes are $10,034.00, excluding special assessments, if any. This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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. ALTA Commitment for Ti0e lmuma 40852-18.47924 Schedule 841 SCHEDULE B-II (Continued) 12. Taxes due and payable in prior years are paid in full. 13. There are no pending assessments. 14. Deleted by Title Company. 15. Deleted by Title Company. 16. Easement in favor of the Metropolitan Waste Control Commission for sewer and utility purposes, dated May 5, 1989, fled May 19, 1989 as Document No. 61007; as modified by the Easement Modification Agreement dated February 22, 1990, filed March 2, 1990 as Document No. 64335. (Parcel 2) 17. Deleted by Title Company. 18. Subject to County Road No. 117 also known as Excelsior -Shakopee Road as shown on Registered Land Survey No. 89 filed as Document No. 34804 and as shown on available maps. (Parcels 1-5) 19. Deleted by Title Company. 20. Deleted by Title Company. 21. Easement in favor of the City of Chanhassen for well and water main purposes, dated December 28, 1972, filed January 25, 1973 as Document No. 18018. (Parcel 1) 22. Easement in favor of the City of Chanhassen for well and water main purposes dated December 28, 1972, filed January 25, 1973 as Document No. 18019. (Parcel 1) 23. Conditions and provisions contained in Resolution No. 82-02, Approving Registered Land Survey dated January 4, 1982, filed February 23, 1982 as Document No. 34806. (Parcels 1 and 2) 24. Subject to the rights of the public and the State of Minnesota to the use of that part of the premises which lies below the natural high water mark of Lake Ann, as reserved in the Warranty Deed dated September 13. 1985, filed September 20, 1985 as Document No. 44236. (Parcel 2) 25. Rights of the United States of America and/or the State of Minnesota, the county, the municipality, and the public, in and to that part of the land which may be within Lake Lucy. (Parcel 2) 26. Rights of the United States of America and/or the State of Minnesota, the county, the municipality, and the public, in and to that part of the land which may be within Lake Ann. (Parcel 2) 27. Subject to the following items as shown on the ALTA/NSPS Land Title Survey by Pioneer Engineering, PA, dated June 15, 2018, revised July 25, 2018, File No. 1181DO: a. Deleted by Title Company. b. Deleted by Title Company. C. Interests created by the fences located in the southerly portion of the Exception Parcel and the southerly portion of Parcel 5. d. A portion of the property contains wetlands which may be subject to federal, state or local regulation and may affect the right to use or improve the wetlands. (Parcels 1, 2, and 5) This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice, the commitment to Issue Policythe Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Pert 11- Exceptions. ALTA Commitment for Ti le Insurance with Florida Modifications 8-1-16 40852-10 47924 Schedule B-II SCHEDULE B-II (Continued) e. Interests in the Well House which is located on the southerly boundary of Parcel 5. Ownership of the well house is not apparent. Deleted by Title Company. g. Sanitary sewer line which appears to run to property to the south, without the benefit of an easement. (Parcel2) 28. Electric Easement in favor of Northern States Power Company, dated November 9, 2018 and filed November 16, 2018 as Document No. 670221 in the Office of the County Recorder. (Parcel 5) 29. Subject to a right of way for County Road No. 117 also known as Galpin Boulevard, and formerly known as the Excelsior and Shakopee Road, Excelsior -Shakopee Road, and the Chaska and Excelsior Road (pursuant to Registered Land Survey No. 78, Certificate of Title 38165.0 and existing maps) in favor of Carver County. (Parcel 5) 30. Deleted by Title Company. 31. Deleted by Title Company, THE FOLLOWING IS INCLUDED FOR INFORMATIONAL PURPOSES AND WILL NOT APPEAR ON ANY FINAL POLICIES ISSUED: a. To schedule a closing, please contact our Scheduling Department at 952-943-1620. b. For questions regarding this commitment, please contact Cathy Busch at cbusch@nal.com. C. Commitment revised July 5, 2018: Schedule B-I, No. 6: Deleted Schedule B-II, No. 14: Deleted Schedule B-II, No. 27: Revised d. Commitment revised August 8, 2018: Schedule B-II, No. 14: Revised (Exception added based on comments from Examiner of Titles) Schedule B-II, Nos. 15 and 20: Note added e. Commitment revised January 29, 2019: Schedule A, No. 1: Updated Schedule A, No. 5: Parcel 5 Revised Schedule B-I, Nos. 7 and 15: Deleted Schedule B-I, Nos. 9, 10, and 17s: Revised Schedule B-I, Nos. 18 and 19: Added Schedule B-II, Nos. 7-11, and 27c and 27e: Revised Schedule B-II, Nos. 15, 19, 20, 27a, and 27b: Deleted Schedule B-II, Nos. 28 and 29: Added This page is only a part of a 2016 ALTA Convndment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue P014; the Commitment Conditions; Schedule A; Schedule a, Part 1- Requilements; and Schedule 6, Part Il - Erceptions. ALTA Commitment for Title Insurance with Florida Modifications 8-1-16 40852-1847924 Schedule B-II SCHEDULE B-II (Continued) Commitment revised February 14, 2019: Schedule A, No. 4: Parcel 3 and 4: Deleted; Schedule A, No. 4: Parcel 6: Added; Schedule A, No. 5: Revised; Schedule B - I, No. 11 and No. 14: Deleted; Schedule B - I, No. 13: Revised (Remove Parcel 3); Schedule B - I, No. 16: Revised; Schedule B - I, No. 18: Revised (added "Parcel 2"); Schedule B -1, No. 19: Added "d"; Schedule B - I, No. 21 and 21: Added; Schedule B - 11, Nos. 9, 10, 14 and 17: Deleted; Schedule B -11, No. 18, 23 and 25: Revised; Schedule B - II, No. 27 - d: Revised (removed Parcel 4); Schedule B -11, No. 27 - f: Deleted; Schedule B -11, Nos. 30 and 31: Added. 9. Commitment revised March 11, 2019: Schedule A, No. 4: Parcel 6 Deleted Schedule A, No. 5: Parcel 2 Revised and Parcel 6 Deleted Schedule B-I, No. 16: Revised Schedule B-I, Nos. 19d, 20, and 21: Deleted Schedule B-II, No. 18: Revised Schedule B-11, Nos. 30 and 31: Deleted This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Comm/tmenf to Issue Policy the Commitment Conditions; Schedule A; Schedule B, Part 1- Requirements; and Schedule B, Part II - Exceptions. ALTA Commitment for Title Insurance with Florida Modifications &1.16 40952-1647924 Schedule B-II EXHIBIT "A" Legal Description Issuing Office File No.: 40852-18-47924 Revision No.: 5 - March 11, 2019 Commitment No.: 40852-18-47924 Parcel 1: (Torrens Property) Tract A, Registered Land Survey No. 89, files of Registrar of Titles, Carver County, Minnesota Parcel 2: (Torrens Property) Tract B, Registered Land Survey No. 89, according to the recorded plat thereof, Carver County, Minnesota, except all that part thereof lying northerly of the following described line: Commencing at the North Quarter corner of Section 10, Township 116, Range 23, said Carver County; thence on an assumed bearing of South 00 degrees 45 minutes 14 seconds East, along the North -South Quarter line of said Section 10, a distance of 515.00 feet to the point of beginning of the line to be described; thence South 87 degrees 48 minutes 41 seconds East, along a line parallel with the North line of the Northeast Quarter of said Section 10, a distance of 1661 feet plus or minus to the east line of said Tract B and the shoreline of Lake Lucy and there terminating. Parcel 3: Deleted by Title Company. Parcel 4: Deleted by Title Company. Parcel 5: (Torrens Property) That part of the South half of the Northeast Quarter of the Northwest Quarter of Section 10, Township 116, Range 23, Carver County, Minnesota, lying easterly of the centerline of County Road No. 117, also known as Galpin Boulevard, and lying North of the South 186.00 feet of said South half of the Northeast Quarter of the Northwest Quarter thereof. Parcel 6: Deleted by Title Company This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Pert I — Requirements; and Schedule B, Part 11 — Exceptions. ALTA commitment for Title Insurance 40952-18-47924 Exhiblt'A' Privacy ►aolici The States Title Family of Companies Rev. 01/07IM19 WHAT DOES THE STATES TITLE FAMILY OF COMPANIES DO WFTH YOUR PERSONAL INFORMATION? Financial companies choose how they share your personal Information. Federal law gives consumers the right to limit some, but not all, sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. The types of personal information we collect and share depend on the product or service you have with us. This information can include: • Social Security number and income • Transaction history and payment history • Purchase history and account balances All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information, the reasons the States rtle Famil of Com anies ("5T') chooses to share, and whether you can limit this sharin . Reasons we ca n share your personal information Does ST share? Can you limit this sharing? For our everyday business purposes yes No Such as to process your transactions, maintain your account($), respond to court orders and legal Investigations, or report to credit bureaus For our marketing purposes yes No To offer our products and services to you For joint marketing with other financial companies No We don't share For our affiliates' everyday business purposes yes No Information about your transactions and experiences For our affiliates' everyday business purposes No We don't share Information about your creditworthiness For our affibates to market to you No We don't share For nonafRliates to market to you No We don't share Call 1(6S0) 419-3827 Privacy Policy (NATG) 40852-18-47924 Who we are Who is providing this notice? The States Title Family of Companies (identified below), which offers title insurance and settlement services. What we do How does ST protect my personal To protect your personal Information from unauthorized access and use, we use security information? measures that comply with federal law. These measures include computer safeguards and secure files and buildings. How does ST collect my personal We collect your personal information, for example, when you information? • Apply for insurance; • Apply for financing; • Give us your contact Information • Provide your mortgage information • Show your government -issued ID We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. Why can't I limit all sharing? Federal law gives you the right to limit only • Sharing for affiliates' everyday business purposes— information about your creditworthiness • Affiliates from using your information to market to you • Sharing for nonafflliates to market to you State laws and individual companies may 've you additlonal rights to limit sharing. What happens when I limit sharing for an Your choices will apply to everyone on your account— unless you tell us otherwise. account I hold jointly with someone else? r Affiliates Companies related by common ownership or control. They an be financial and nonfinancial companies. Nonaffillates Companies not related by common ownership or control. They can be financial and nonfinancial companies. • Nonaffiliates we share with can include collection agencies, IT service providers, companies that perform marketing services on our behalf, and consumer reporting agencies. Joint marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you. • ST doesn't jointly market The States Tite Family of Companies consists of the following entities: States Title Holding Inc. States Title, Inc. States Title Insurance Company States Title Insurance Company of California States Title Agency, Inc. Spear Agency Acquisition Inc. Title Agency Holdco, LLC. North American Title Company North American Title Company, Inc. North American Tltie Company of Colorado North American Title Insurance Company North American Services, LLC North American Title Agency, Inc. North American Title, LLC North American Title Company, LLC NASSA LLC North American Asset Development, LLC Privacy Policy (NATG) 40852-1847924 * Privacy Policy Notice PURPOSE OF THIS NOTICE Title V of the Gramm -Leach -Bliley Act (GLBA) generally prohibits any financial institution, directly or through its affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party unless the institution provides you with a notice of its privacy policies and practices, such as the type of information that it collects about you and the categories of persons or entities to whom it may be disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of Old Republic National Title Insurance Company. We may collect nonpublic personal information about you from the following sources: Information we receive from you such as on applications or other forms. Information about your transactions we secure from our files, or from [our affiliates or] others. Information we receive from a consumer -reporting agency. Information that we receive from others involved in your transaction, such as the real estate agent or lender. Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic personal information will be collected about you. We may disclose any of the above information that we collect about our customers or former customers to our affiliates or to nonaffiliated third parties as permitted by law. We also may disclose this Information about our customers or former customers to the following types of nonaffiliated companies that perform services on our behalf or with whom we have joint marketing agreements: Financial service providers such as companies engaged in banking, consumer finance, securities and insurance. Non -financial companies such as envelope stuffers and other fut illment service providers. WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your personal information. (� • OLD REPUBLIC • Nngnel rile Inwnrce LOTperty Privacy Policy (Old Republic) 40952-ta47924 COMMUNITY DEVELOPMENT DEPARTMENT Planning Division — 7700 Market Boulevard CITY OF CHMNSEN Mailing Address — P.O. Box 147, Chanhassen, MN 55317 Phone: (952) 227-1300 / Fax: (952) 227-1110 APPLICATION FOR DEVELOPMENT REVIEW Submittal Date: PC Date: CC Date: 60-Day Review Date: Section 1: Application .- apply) (Refer to the appropriate Application Checklist for required submittal information that must accompany this application) ❑ Comprehensive Plan Amendment ......................... $600 ❑ Minor MUSA line for failing on -site sewers..... $100 ❑ Conditional Use Permit (CUP) ❑ Single -Family Residence ................................ $325 ❑ All Others......................................................... $425 ❑ Interim Use Permit (IUP) ❑ In conjunction with Single -Family Residence.. $325 ❑ All Others......................................................... $425 ❑ Rezoning (REZ) ❑ Planned Unit Development (PUD) .................. $750 ❑ Minor Amendment to existing PUD................. $100 ❑ All Others......................................................... $500 ❑ Sign Plan Review ................................................... $150 ❑ Site Plan Review (SPR) ❑ Administrative.................................................. $100 ❑ Commercial/Industrial Districts*......................$500 Plus $10 per 1,000 square feet of building area: L thousand square feet) Include number of existinc employees: Include number of new employees: ❑ Residential Districts ......................................... $500 Plus $5 per dwelling unit (_ units) ❑ Subdivision (SUB) ❑ Create 3 lots or less ........................................ $300 ❑ Create over 3 lots.......................$600 + $15 per lot ( lots) ❑ Metes & Bounds (2 lots)..................................$300 ❑ Consolidate Lots..............................................$150 Lot Line Adjustment.........................................$150 ❑ Final Plat..........................................................$700 (Includes $450 escrow for attorney costs)' *Additional escrow may be required for other applications through the development contract. ❑ Vacation of Easements/Right-of-way (VAC)........ $300 (Additional recording fees may apply) ❑ Variance (VAR) .................................................... $200 ❑ Wetland Alteration Permit (WAP) ❑ Single -Family Residence ............................... $150 ❑ All Others ....................................................... $275 ❑ Zoning Appeal ...................................................... $100 ❑ Zoning Ordinance Amendment (ZOA)................. $500 NOTE: When multiple applications are processed concurrently, the appropriate fee shall be charged for each application. ❑ Notification Sign (City to install and remove)...................................................................................................................... $200 ❑ Property Owners' List within 500' (city to generate after pre -application meeting) .................................................. $3 per address (_ addresses) ❑ Escrow for Recording Documents (check all that apply)....................................................................... $50 per document ❑ Conditional Use Permit ❑ Interim Use Permit ❑ Site Plan Agreement ❑ Vacation ❑ Variance ❑ Wetland Alteration Permit ❑ Metes & Bounds Subdivision (3 docs.) ❑ Easements I easements) ❑ Deeds TOTAL FEE: Section 2: Required Information Description of Proposal: Property Address or Location: f /m/ Parcel #: Oon .an Legal Description: 0 Total Acreage: J i 1 n Wetlands Present? [�'es ❑ No Present Zoning: Select One %icAFr�/i t c _ RAO Requested Zoning: Select One Present Land Use Designation: Select One Requested Land Use Designation: Select One Existing Use of Property:yh A4 r []Check box if separate narrative is attached. Section 3: Property Owner and Applicant Information APPLICANT OTHER THAN PROPERTY OWNER: In signing this application, I, as applicant, represent to have obtained authorization from the property owner to file this application. I agree to be bound by conditions of approval, subject only to the right to object at the hearings on the application or during the appeal period. If this application has not been signed by the property owner, I have attached separate documentation of full legal capacity to file the application. This application should be processed in my name and I am the party whom the City should contact regarding any matter pertaining to this application. I will keep myself informed of the deadlines for submission of material and the progress of this application. I further understand that additional fees may be charged for consulting fees, feasibility studies, etc. with an estimate prior to any authorization to proceed with the study. I certify that the information and exhibits submitted are true and coned. Name: Contact: Address: 7Y — Phone: City/State/Zip: L S Cell: Email: i— Fax: Signature: Date: 3 PROPERTY 11113willeR: In signing this application, I, as property owner, have full legal capacity to, and hereby do, authorize the filing of this application. I understand that conditions of approval are binding and agree to be bound by those conditions, subject only to the right to object at the hearings or during the appeal periods. I will keep myself informed of the deadlines for submission of material and the progress of this application. I further understand that additional fees may be charged for consulting fees, feasibility studies, etc. with an estimate prior to any authorization to proceed with the study. I certify that the information and exhibits submitted are true and correct. Comenca Bank & Trust, N.A. as Personal Representative of Name: the Estate of Prince Rogers Nelson Contact: Gerard Snover, VP Address: 55 Madison Ave, Suite 400 Phone: 212-590-9992 City/State/Zip: Morristown, NJ 07960 Cell: Email: gdsnover@comerica.com Fax: Signature: Date: 3/12/2019 This application must be completed in full must be accompanied by all information and plans required by applicable City Ordinance provisions. Be re filing this application, refer to the appropriate Application Checklist and confer with the Planning Departmen to determine the specific ordinance and applicable procedural requirements and fees. A determination of completeness of the application shall be made within 15 business days of application submittal. A written notice of application deficiencies shall be mailed to the applicant within 15 business days of application. PROJECT ENGINEER (if applicable) Name: Contact: Address: Phone: City/State/Zip: Cell: Email: Section 4: Notification Fax: Information i— Who should receive copies of staff reports? `Other Contact Information: ❑ Property Owner Via: ❑ Email ❑ Mailed Paper Copy Name: ❑ Applicant Via: ❑ Email ❑ Mailed Paper Copy Address: ❑ Engineer Via: []Email ❑ Mailed Paper Copy Cfty/State2ip: ❑ Other` Via: ❑ Email ❑ Mailed Paper Copy Email: INSTRUCTIONS TO APPLICANT: Complete all necessaryform fields, then select SAVE FORM to save a copy to your device. PRINT FORM and deliver to city along with required documents and payment. SUBMIT FORM to send a digital copy to the city for processing. sAVE FORM PRINT FORM SUBMIT FORM AMERICAN LAND TITLE ASSOCIATION Commitment for Title Insurance Issued by Old Republic National Title Insurance Company IZr91K9L 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, Old Republic National Title Insurance Company, a Minnesota 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. OID REPUBLIC NATIONAL TITLE INSURANCE COMPI A Stock Coaparry 400 SBmndArenua South, MInneWlis. Mmaeeota SSW? (612)37h1111 President Attau ��-,4 secretary This page is only a part of a 2016 ALTA@ Commitment for Title Insurance. 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 11— Exceptions. ALTA Commitment for Title Insurance 40852-18-47924 S µ-1`:_W COMMITMENT CONDITIONS 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. (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. (a) "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; (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. This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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 11— Exceptions. ALTA Commitment for TNe Insurance 40852-1847924 (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. (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 11 - Exception does not constitute an agreement or obligation to provide coverage beyond the terms and provisions of this Commitment or the Policy. (a) 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 -fora policy neither reflects the status of Title at the time that the pro - fora 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 hfti)://www.alta.org/arbitration. This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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 ll — Exceptions. ALTA C=rnihnent for Tifle Insurance 40852-18-47924 SCHEDULE A AMERICAN LAND TITLE ASSOCIATION COMMITMENT Transaction Identification Data for reference only: Issuing Agent: North American Title Company Issuing Office: 5001 American Blvd. West, Suite 300, Bloomington, MN 55437 ALTA Universal ID: Commitment No.: 40852-18-47924 Issuing Office File No.: 40852-18-47924 Property Address: Tract A, B, C (Phase 1of 2) First Closing, Chanhassen, MN 55331 6921 Galpin Blvd, Excelsior, MN 55331 7021 Galpin Blvd, Excelsior, MN 55331 Revision No.: 5 - March 11, 2019 1. Commitment Date: December 19, 2018 at 12:00 AM 2. Policy to be issued: a. ALTA Owners Policy (06/17106) Proposed Insured: U.S. Home Corporation, a Delaware Corporation Proposed Policy Amount: 3. The estate or interest in the Land described or referred to in this Commitment is Fee Simple. 4. Title to the estate or interest in the Landis at the Commitment Date vested in: Parcel 1: Prince R. Nelson The Fee Owner was conveyed title by the Warranty Deed dated November 5, 1985, filed June 16, 1987 as Document No. 52343. Parcel 2: Prince R. Nelson The Fee Owner was conveyed title by the Warranty Deed dated November 5, 1985, filed June 16, 1987 as Document No. 52343. Parcel 3: Deleted by Title Company. Parcel 4: Deleted by Title Company. Parcel 5: Comerica Bank & Trust, N.A., a national association, as Personal Representative of the Estate of Prince Rogers Nelson Title was established by the Order and Decree of Registration dated December 13, 2018 and filed December 24, 2018 as Document No. 208612. Parcel 6: Deleted by Title Company. 5. The Land is described as follows: LEGAL DESCRIPTION ATTACHED HERETO AS EXHIBIT "A" AND MADE A PART HEREOF ALTA Commitment for Title Insurance 40852-18-47924 Schedule A SCHEDULE A (Continued) FOR INFORMATIONAL PURPOSES ONLY: TORRENS Property Carver County Property Address: Tract A, B, C (Phase 1of 2) First Closing, Chanhassen, MN 55331 6921 Galpin Blvd, Excelsior, MN 55331 7021 Galpin Blvd, Excelsior, MN 55331 This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part 1 — Requirements; and Schedule B, Part II — Exceptions. Issued through the office of: North American Title Company Countersigned: l J Authorized Signatory Underwriter Name and Address: Issuing Agent Name and Address: Old Republic National Title Insurance Company North American Title Company 400 Second Avenue South 5001 Amencan Blvd. West, Suite 300 Minneapolis, MN 55401 Bloomington, MN 55437 This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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. ALTA Commitment for Title Insurance 40852-18-47924 Schedule A SCHEDULE B-1 AMERICAN LAND TITLE ASSOCIATION COMMITMENT Issuing Office File No.: 40852-18-47924 Revision No.: 5 - March 11, 2019 Commitment No.: 40852-18-47924 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. Please inform the Company if there exists a manufactured or mobile home structure located on the Land to be insured hereunder for review and possible further requirements. 6. Deleted by Title Company. 7. Deleted by Title Company. 8. Termination of an agreement with any third party to harvest hay during the 2018 hay season, if any. 9. Off -record inquiries indicate that Prince R. Nelson is deceased. Therefore, North American Title Company requires the following: a. Certified copy of unrestricted Letters of General Administration; b. The Letters must be certified on or after the date of closing. Upon review of the submitted documentation, North American Title Company reserves the right to make any additional requirements and/or exceptions. 10. The above probate documents must be Certified by the Examiner of Titles for Carver County prior to closing. The Examiner of Titles Office has indicated that an Order from the Probate Court will not be required. if. Deleted by Title Company. 12. Adequate evidence provided in writing from U.S. Home Corporation's Board of Directors or Chief Officer authorizing the acquisition of the subject property. Written evidence from the Board of Directors or the Chief Officer must also state that the Officer or employee executing the closing documents has been given the power to act on behalf of the corporation. 13. Personal Representative's Deed from Comerica Bank 8 Trust, N.A., as Personal Representative of the Estate of Prince Rogers Nelson, to U.S. Home Corporation, a Delaware corporation. (Parcels 1, 2, and 5) This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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 11— Exceptions. ALTA Commitment for Title Insurance 40852-18.47924 Schedule B-1 SCHEDULE B-1 (Continued) 14. Deleted by Title Company. 15. Deleted by Title Company. 16. The subject property is Torrens; Torrens Certificate Numbers 30086 and 40163. 17. Note: The following documents have been recorded with the Office of the Carver County Recorder (only): a. Order Extending Appointment of Special Administrator, filed December 30, 2016 as Document No. 639379. b. Order of Formal Appointment of Special Administrator, fled December 30, 2016 as Document No. 639380. c. Letters of Special Administration (appointing Bremer Trust, National Association), fled December 30, 2016 as Document No.: d. Order for Transition from Special Administrator to Personal Representative (appointing Comerica Bank & Trust N.A. as of February 1, 2017), filed February 22, 2017 as Document No. 641660. e. Letters of General Administration (appointing Comerica Bank & Trust N.A.) filed June 21, 2017 as Document No. 647232; also recorded on June 8, 2018 as Document No. 2 6t,5E in the Office of the Registrar of Titles. 18. The First Amendment to Option Agreement indicates that the subject property will be conveyed in two phases and will create the split of existing Tax Parcels. Therefore, all property taxes due and payable for the current year must be paid in full, along with any tax parcel split fees. In addition, approval from the appropriate municipality must be obtained and recorded where required. (Parcel 2) 19. The ALTA/NSPS Land Title Survey by Pioneer Engineering, P.A., dated June 15, 2018, File No. 118100 must be revised to include the following: a. The Torrens boundary for Parcel 5 shown in bold, It. Easement Doc. No. 670221(A), fled November 16. 2018, shown at Schedule B-II, No. 28, herein; and c. Phase 1 and Phase 2 parcels. d. Deleted by Title Company. 20. Deleted by Title Company. 21. Deleted by Title Company. This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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 It — Exceptions. ALTA Commitment for Title Insurance with Florida Modifications 8-1-16 40852-18-47924 Schedule B-1 SCHEDULE B-II AMERICAN LAND TITLE ASSOCIATION COMMITMENT Issuing Office File No.: 40852-18-47924 Revision No.: 5 - March 11, 2019 Commitment No.: 40852-18-47924 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. 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. 3. Rights or claims of parties in possession not recorded in the Public Records. 4. Easements, or claims of easements, not recorded in the Public Records. 5. Any liens, or right to a lien, for services, labor, or material furnished, imposed by law and not recorded in the Public Records. 6. Taxes or special assessments required to be paid in the year 2019 and subsequent years. 7. Taxes due and payable in 2018 in the amount of $32,590.00, total. First half taxes: Paid, Second half taxes: Paid, Base tax $32,590.00, Special assessments $0.00, Non -homestead Property, Parcel No. 25.6900010. (Parcel1) Proposed 2019 taxes are $35,276.00, excluding special assessments, if any. 8. Taxes due and payable in 2018 in the amount of $229,414.00, total. First half taxes: Paid, Second half taxes: Paid, Base tax $229,414.00, Special assessments $0.00, Non -homestead Property, Parcel No. 25.6900020. (Parcel 2) Proposed 2019 taxes are $248,736.00, excluding special assessments, if any. 9. Deleted by Title Company. 10. Deleted by Title Company. 11. Taxes due and payable in 2018 in the amount of $9,268.00, total. First half taxes: Paid, Second half taxes: Paid, Base tax $9,268.00, Special assessments $0.00, Non -homestead Property, Parcel No. 25.0100200. (Parcel 5) Proposed 2019 taxes are $10,034.00, excluding special assessments, if any. This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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 11— Exceptions. ALTA Commitment for Title Insurance 40B52-18-47924 Schedule B-II SCHEDULE B-II (Continued) 12. Taxes due and payable in prior years are paid in full. 13. There are no pending assessments. 14. Deleted by Title Company. 15. Deleted by Title Company. 16. Easement in favor of the Metropolitan Waste Control Commission for sewer and utility purposes, dated May 5, 1989, filed May 19, 1989 as Document No. 61007; as modified by the Easement Modification Agreement dated February 22, 1990, filed March 2, 1990 as Document No. 64335. (Parcel 2) 17. Deleted by Title Company. 18. Subject to County Road No. 117 also known as Excelsior -Shakopee Road as shown on Registered Land Survey No. 89 filed as Document No. 34804 and as shown on available maps. (Parcels 1-5) 19. Deleted by Title Company. 20. Deleted by Title Company. 21. Easement in favor of the City of Chanhassen for well and water main purposes, dated December 28, 1972, filed January 25, 1973 as Document No. 18018. (Parcel 1) 22. Easement in favor of the City of Chanhassen for well and water main purposes dated December 28, 1972, filed January 25, 1973 as Document No. 18019. (Parcel 1) 23. Conditions and provisions contained in Resolution No. 82-02, Approving Registered Land Survey dated January 4, 1982, fled February 23, 1982 as Document No. 34806. (Parcels 1 and 2) 24. Subject to the rights of the public and the State of Minnesota to the use of that part of the premises which lies below the natural high water mark of Lake Ann, as reserved in the Warranty Deed dated September 13, 1985, filed September 20, 1985 as Document No. 44236. (Parcel 2) 25. Rights of the United States of America and/or the State of Minnesota, the county, the municipality, and the public, in and to that part of the land which may be within Lake Lucy. (Parcel 2) 26. Rights of the United States of America and/or the State of Minnesota, the county, the municipality, and the public, in and to that part of the land which may be within Lake Ann. (Parcel 2) 27. Subject to the following items as shown on the ALTA/NSPS Land Title Survey by Pioneer Engineering, P.A., dated June 15, 2018, revised July 25, 2018, File No. 118100: a. Deleted by Title Company. b. Deleted by Title Company. C. Interests created by the fences located in the southerly portion of the Exception Parcel and the southerly portion of Parcel 5. d. A portion of the property contains wetlands which may be subject to federal, state or local regulation and may affect the right to use or improve the wetlands. (Parcels 1, 2, and 5) This page is only apart of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy,, the Commitment Conditions; Schedule A; Schedule B, Part 1— Requirements; and Schedule B, Part ll — Exceptions. ALTA Commiment for Title Insurance with Florida Modifications 8-1-16 40852-18-47924 Schedule B-II SCHEDULE B-II (Continued) e. Interests in the Well House which is located on the southerly boundary of Parcel 5. Ownership of the well house is not apparent. Deleted by Title Company. g. Sanitary sewer line which appears to run to property to the south, without the benefit of an easement. (Parcel2) 28. Electric Easement in favor of Northern States Power Company, dated November 9, 2018 and filed November 16, 2018 as Document No. 670221 in the Office of the County Recorder. (Parcel 5) 29. Subject to a right of way for County Road No. 117 also known as Galpin Boulevard, and formerly known as the Excelsior and Shakopee Road, Excelsior -Shakopee Road, and the Chaska and Excelsior Road (pursuant to Registered Land Survey No. 78, Certificate of Title 38165.0 and existing maps) in favor of Carver County. (Parcel 5) 30. Deleted by Title Company. 31. Deleted by Title Company. THE FOLLOWING IS INCLUDED FOR INFORMATIONAL PURPOSES AND WILL NOT APPEAR ON ANY FINAL POLICIES ISSUED: a. To schedule a closing, please contact our Scheduling Department at 952-943-1620. b. For questions regarding this commitment, please contact Cathy Busch at cbusch@nat.com. C. Commitment revised July 5, 2018: Schedule B-I, No. 6: Deleted Schedule B-II, No. 14: Deleted Schedule B-II, No. 27: Revised d. Commitment revised August 8, 2018: Schedule B-II, No. 14: Revised (Exception added based on comments from Examiner of Titles) Schedule B-II, Nos. 15 and 20: Note added e. Commitment revised January 29, 2019: Schedule A, No. 1: Updated Schedule A, No. 5: Parcel 5 Revised Schedule B-I, Nos. 7 and 15: Deleted Schedule B-I, Nos. 9, 10, and 17e: Revised Schedule B-I, Nos. 18 and 19: Added Schedule B-II, Nos. 7-11, and 27c and 27e: Revised Schedule B-II, Nos. 15, 19, 20, 27a, and 27b: Deleted Schedule B-II, Nos. 28 and 29: Added This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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 ll — Exceptions. ALTA Commitment for Title Insurance with Flonda Modifications 8-1-16 40852-18-47924 Schedule B-II SCHEDULE B-II (Continued) Commitment revised February 14, 2019: Schedule A, No. 4: Parcel 3 and 4: Deleted; Schedule A, No. 4: Parcel 6: Added; Schedule A, No. 5: Revised; Schedule B - I, No. 11 and No. 14: Deleted; Schedule B - I, No. 13: Revised (Remove Parcel 3); Schedule B - I, No. 16: Revised; Schedule B - I, No. 18: Revised (added "Parcel 2"); Schedule B - I, No. 19: Added "d"; Schedule B - I, No. 21 and 21: Added; Schedule B - II, Nos. 9, 10, 14 and 17: Deleted; Schedule B - II, No. 18, 23 and 25: Revised; Schedule B - II, No. 27 - d: Revised (removed Parcel 4); Schedule B - II, No. 27 - f: Deleted; Schedule B - II, Nos. 30 and 31: Added. 9. Commitment revised March 11, 2019: Schedule A, No. 4: Parcel 6 Deleted Schedule A, No. 5: Parcel 2 Revised and Parcel 6 Deleted Schedule B-I, No. 16: Revised Schedule B-I, Nos. 19d, 20, and 21: Deleted Schedule B-II, No. 18: Revised Schedule B-II, Nos. 30 and 31: Deleted This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part 1— Requirements; and Schedule B, Part 11— Exceptions. ALTA Commitment for Title Insurance with Florida Modifications 8-1-16 40852-18.47924 Schedule B-II EXHIBIT "A" Legal Description Issuing Office File No.: 40852-18-47924 Revision No.: 5 - March 11, 2019 Commitment No.: 40852-1847924 Parcel 1: (Torrens Property) Tract A, Registered Land Survey No. 89, files of Registrar of Titles, Carver County, Minnesota Parcel 2: (Torrens Property) Tract B, Registered Land Survey No. 89, according to the recorded plat thereof, Carver County, Minnesota, except all that part thereof lying northerly of the following described line: Commencing at the North Quarter corner of Section 10, Township 116, Range 23, said Carver County; thence on an assumed bearing of South 00 degrees 45 minutes 14 seconds East, along the North -South Quarter line of said Section 10, a distance of 515.00 feet to the point of beginning of the line to be described; thence South 87 degrees 48 minutes 41 seconds East, along a line parallel with the North line of the Northeast Quarter of said Section 10, a distance of 1661 feet plus or minus to the east line of said Tract B and the shoreline of Lake Lucy and there terminating. Parcel 3: Deleted by Title Company. Parcel 4: Deleted by Title Company. Parcel 5: (Torrens Property) That part of the South half of the Northeast Quarter of the Northwest Quarter of Section 10, Township 116, Range 23, Carver County, Minnesota, lying easterly of the centerline of County Road No. 117, also known as Galpin Boulevard, and lying North of the South 186.00 feet of said South half of the Northeast Quarter of the Northwest Quarter thereof. Parcel 6: Deleted by Title Company This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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. ALTA Commitment for Title Insurance 40852-18-47924 Exhibil'A' Privacy Police The States Title Familv of Companies Bev. 01/07/2019 WHAT DOES THE STATES TITLE FAMILY OF COMPANIES DO WITH YOUR PERSONAL INFORMATION? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some, but not all, sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do. The types of personal information we collect and share depend on the product or service you have with us. This information can include: • Social Security number and income • Transaction history and payment history • Purchase history and account balances All financial companies need to share customers' personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers' personal information, the reasons the States Title Family of Companies ("ST') chooses to share, and whether you can limit this sharing. Reasons we can share your personal information Does ST share? Can you limit this sharing7 For our everyday business purposes Yes No Such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus For our marketing purposes Yes No To offer our products and services to you For joint marketing with other financial companies No We don't share For our affiliates' everyday business purposes Yes No Information about your transactions and experiences For our affiliates' everyday business purposes No We don't share Information about your creditworthiness For our affiliates to market to you No We don't share For nonaffiliates to market to you No We don't share Call 1(650) 419-3827 Privacy Policy (NATG) 40852-1847924 Who we are Who is providing this notice? The States Title Family of Companies (identified below), which offers title insurance and settlement services. What we do How does ST protect my personal To protect your personal information from unauthorized access and use, we use security information? measures that comply with federal law. These measures include computer safeguards and secure files and buildings. How does ST collect my personal We collect your personal information, for example, when you Information? • Apply for insurance; • Apply for financing; • Give us your contact information • Provide your mortgage information • Show your government -issued ID We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. Why can't l limit all sharing? Federal law gives you the right to limit only • Sharing for affiliates' everyday business purposes— information about your creditworthiness • Affiliates from using your information to market to you • Sharing for nonaffiliates to market to you State laws and individual companies may give you additional rights to limit sharing. your choices will apply to everyone on your account— unless you tell us otherwise. What happens when l limit sharing for an account I hold jointly with someone else? Definitions Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies. Nonaffiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies. • Nonaffiliates we share with can include collection agencies, IT service providers, companies that perform marketing services on our behalf, and consumer reporting agencies. Joint marketing A formal agreement between nonaffiliated financial companies that together market financial products or services to you. • ST doesn't jointly market The States Tide Family of Companies consists of the following entities: States Title Holding Inc. States Title, Inc. States Title Insurance Company States Title Insurance Company of California States Title Agency, Inc. Spear Agency Acquisition Inc. Title Agency Holdco, LLC. North American Title Company North American Title Company, Inc. North American Title Company of Colorado North American Title Insurance Company North American Services, LLC North American Title Agency, Inc. North American Title, LLC North American Title Company, LLC NASSA LLC North American Asset Development, LLC Privacy Policy (NATG) 40852-18-47924 * * Privacy Policy Notice PURPOSE OF THIS NOTICE Title V of the Gramm -Leach -Bliley Act (GLBA) generally prohibits any financial institution, directly or through its affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party unless the institution provides you with a notice of its privacy policies and practices, such as the type of information that it collects about you and the categories of persons or entities to whom it may be disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of Old Republic National Title Insurance Company. We may collect nonpublic personal information about you from the following sources: Information we receive from you such as on applications or other forms. Information about your transactions we secure from our files, or from [our affiliates or] others. Information we receive from a consumer -reporting agency. Information that we receive from others involved in your transaction, such as the real estate agent or lender. Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic personal information will be collected about you. We may disclose any of the above information that we collect about our customers or former customers to our affiliates or to nonaffiliated third parties as permitted by law. We also may disclose this information about our customers or former customers to the following types of nonaffiliated companies that perform services on our behalf or with whom we have joint marketing agreements: Financial service providers such as companies engaged in banking, consumer finance, securities and insurance. Non -financial companies such as envelope stuffers and other fulfillment service providers. WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your personal information. •( OLD REPUBLIC Privacy Policy (Old Republic) 40852-18-47924