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Title Commitment (1)This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by "+Old Republic National Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA COMMITMENT FOR TITLE INSURANCE ISSUED BY:CHB Title, LLC as agent for Old Republic National Title Insurance Company Transaction Identification Data, for which the Company assumes no liability as set forth in Commitment Condition 5.e.: Issuing Agent:CHB Title, LLC Issuing Office:10850 Old County Road 15, Suite 100, Plymouth, MN 55441 As Agent For:Old Republic National Title Insurance Company Property Address:Avienda Townhomes Replat, Chanhassen, MN 55317 File Number:61736 SCHEDULE A 1. Commitment Date: June 3, 2024 at 07:00 AM 2. Policy to be issued: a.ALTA Owner's Policy (2021) Proposed Insured:TO BE DETERMINED Proposed Policy Amount:$0.00 3. The estate or interest in the Land at the Commitment Date is: Fee Simple 4.The Title is, at the Commitment Date, vested in: Level 7 Development, LLC, a Minnesota limited liability company as to all except those specifically listed below; Charles Cudd Co., LLC, a Minnesota limited liability company as to Lot 4, Block 1, Avienda Townhomes and Lot 11, Block 5, Avienda Townhomes; Jenifer Kenis Prince and Robert F. Prince, as joint tenants as to Lot 5, Block 1, Avienda Townhomes; Todd David Michels as to Lot 1, Block 2, Avienda Townhomes; Debra A. Jungclaus as to Lot 3, Block 2, Avienda Town homes; David Schliesman and Sarah Schliesman, as joint tenants as to Lot 1, Block 4, Avienda Townhomes; Dennis H. Heppelmann and Jeanne A. Heppelmann, as joint tenants as to Lot 1, Block 5, Avienda Townhomes; Kelly Patton and Karen Patton as joint tenants as to Lot 1, Block 6, Avienda Townhomes; Carver County Holdings, LLC, a Minnesota corporation as to Lot 2, Block 6, Avienda Townhomes; JDV Investments, LLC, a Minnesota limited liability company as to Lot 3, Block 6, Avienda Townhomes; William I. Hamilton and Susan E. Hamilton, as joint tenants as to Lot 4, Block 6, Avienda Townhomes; Cara L. Black and Sherman L. Black as Trustees of the Cara L. Black Revocable Trust U/A dated April 17, 2008 as to Lot 5, Block 6, Avienda Townhomes; The Bobertz Living Trust dated May 31, 2013 as to Lot 6, Block 6, Avienda Townhomes; Sungsook Kim Revocable Trust dated December 30, 2021 as to Lot 7, Block 6, Avienda Townhomes; Timothy D. Foster and Teresa A. Foster, as joint tenants as to Lot 8, Block 6, Avienda Townhomes; Avienda Villas II Association, a Minnesota nonprofit corporation as to Outlots B and C, Avienda Townhomes; Avienda Villas I Association, a Minnesota nonprofit corporation as to Outlot F, Avienda Townhomes; This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by Old Republic National Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance (07-01-2021) Schedule BII 61736 5.The Land referred to in this commitment is Abstract Property, situated in the County of Carver, State of Minnesota, and is described as follows: Lots 1, 2, 3, 4 and 5, Block 1, Avienda Townhomes, Carver County, Minnesota. Lots 1, 2 and 3, Block 2, Avienda Townhomes, Carver County, Minnesota. Lots 1, 2, 3, 4, 5, 6 and 7, Block 3, Avienda Townhomes, Carver County, Minnesota. Lots 1, 2, 3, 4 and 5, Block 4, Avienda Townhomes, Carver County, Minnesota. Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 and 11, Block 5, Avienda Townhomes, Carver County, Minnesota. Lots 1, 2, 3, 4, 5, 6, 7 and 8, Block 6, Avienda Townhomes, Carver County, Minnesota. Outlots B, C, D and F, Avienda Townhomes, Carver County, Minnesota. Abstract Property CHB Title, LLC Dennis Moore, Authorized Signatory This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by "+Old Republic National Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA COMMITMENT FOR TITLE INSURANCE ISSUED BY:CHB Title, LLC as agent for Old Republic National Title Insurance Company SCHEDULE B, PART I Requirements All of the following Requirements must be met: 1.The Proposed Insured must notify the Company in writing of the name of any party not referred to in this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The Company may then make additional Requirements or Exceptions. 2.Pay the agreed amount for the estate or interest to be insured. 3.Pay the premiums, fees, and charges for the Policy to the Company. 4.Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured, or both, must be properly authorized, executed, delivered, and recorded in the Public Records. 5.Secure and record a Release or Satisfaction of the following Combination Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Financing Statement: Dated July 1, 2021 Filed July 2, 2021 Document No. A728034 Amount: $18,000,000.00 Executed by: Level 7 Development, LLC, a Minnesota limited liability company To Mortgagee: Tradition Capital Bank. Above mortgage modified/amended by Amendment to Combination Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Financing Statement, dated December 27, 2022, filed December 28, 2022, as Document No. A755936. 6.Secure and record a Release or Satisfaction of the following Combination Mortgage, Assignment of Lease and Rents, Security Agreement and Fixture Financing Statement: Combination Mortgage, Security Agreement, Fixture Filing and Assignment of Leases and Rents from Charles Cudd Co., LLC, a Minnesota limited liability company, to Tradition Capital Bank, a Minnesota banking corporation, dated September 15, 2023, filed September 18, 2023 in Carver County as Abstract Document No. A764954, in the principal sum of $12,500,000.00. Modified by Modification of Mortgage, filed June 7, 2024, as Document No. A773885. 7.Secure and record a Release or Satisfaction of the following Mortgage: Mortgage from Todd David Michels, a single person, to Bell Bank dated January 23, 2024, filed January 23, 2024 as Document No. A769142, in the principal sum of $350,000.00. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by "+Old Republic National Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 8.Secure and record a Release or Satisfaction of the following Mortgage: Mortgage from William I. Hamilton and Susan E. Hamilton, spouses married to each other, to Tradition Mortgage, LLC dated February 2, 2024, filed February 2, 2024 as Document No. A769492, in the principal sum of $766,550.00. Above mortgage assigned to Tradition Capital Bank by Assignment of Mortgage, dated February 2, 2024, filed February 2, 2024, as Document No. A769493. 9.If survey coverage is desired, provide an ALTA survey certified to a current date in favor of CHB Title, LLC and Old Republic National Title Insurance Company. 10.If this transaction includes an insured mortgage which will be for construction purposes and the lender to be insured desires priority coverage and deletion of standard exception for mechanic's liens, the following will be required: a. Preliminary Sworn Construction Statement. b. Pre-closing inspection. c. Post-closing priority inspection with pictures after documents are recorded. If the pre-closing inspection discloses an early start, CHB Title, LLC will require early start approval from our underwriter. 11.IN ORDER FOR CHB TITLE, LLC TO CLOSE THIS TRANSACTION, WE REQUIRE A CASHIERS CHECK OR WIRED FUNDS TO BE RECEIVED AT OR PRIOR TO CLOSING. *** Wire Fraud and Email Hacking are on the rise with title companies and their customers. Please DO NOT WIRE any funds to CHB Title, LLC without calling in advance to verify our wire instructions. *** *** Sale proceeds will not be wired without written authorization. *** Upon our receipt and review of a standard form of affidavit, Items Nos. 3, 6 and 7 of Schedule B - Section II may be deleted from the final policy. We require a Well Disclosure Certificate be completed and furnished at the time of closing for all deeds that require a Certificate of Real Estate Value. OR The following statement must be added to the deed: The seller certifies that the seller does not know of any wells on the described real property. The Tax Reform Act of 1986 requires that the seller provide the following information at the time of closing: 1. Tax Identification Number 2. Full Forwarding Address. Issued by: CHB Title, LLC, 10850 Old County Road 15, Plymouth, MN 55441 If you have questions about this commitment or about the closing of this transaction please call Dennis Moore at (763) 489-3252 or email dennism@chbtitle.com. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by "+Old Republic National Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA COMMITMENT FOR TITLE INSURANCE ISSUED BY:CHB Title, LLC as agent for Old Republic National Title Insurance Company SCHEDULE B, PART II Exceptions Some historical land records contain Discriminatory Covenants that are illegal and unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a document referenced in Schedule B as if each Discriminatory Covenant is redacted, repudiated, removed, and not republished or recirculated. Only the remaining provisions of the document will be excepted from coverage. The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or easement identified in Schedule A, and will include the following Exceptions unless cleared to the satisfaction of the Company: 1.If an owner’s policy is to be issued, the mortgage encumbrance, if any, created as part of the purchase transaction. 2.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. 3.Rights of claims of parties in possession not shown by the public records. 4.Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an accurate survey and inspection of the premises. 5.Easements or claims of easements not shown by the public records. 6.Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 7.Taxes or special assessments which are not shown as existing liens by the public records. 8.General and special taxes and assessments, as hereafter listed, if any (all amounts shown being exclusive of interest, penalties, and costs): A) (1-1) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960010. (Non-Homestead) (2-1) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960020. (Non-Homestead) (3-1) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960030. (Non-Homestead) (4-1) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960040. (Non-Homestead) (5-1) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960050. (Non-Homestead) Note: There are no delinquent taxes of record. B) Levied or pending assessments of record if any. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by "+Old Republic National Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 9.General and special taxes and assessments, as hereafter listed, if any (all amounts shown being exclusive of interest, penalties, and costs): A) (1-2) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960060. (Non-Homestead) (2-2) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960070. (Non-Homestead) (3-2) Real estate taxes payable in 2024 are $2,380.00 and are paid. Base Tax $2,346.00. Property Identification No. 25.0960080. (Non-Homestead) Note: There are no delinquent taxes of record. B) Levied or pending assessments of record if any. 10.General and special taxes and assessments, as hereafter listed, if any (all amounts shown being exclusive of interest, penalties, and costs): A) (1-3) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960090. (Non-Homestead) (2-3) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960100. (Non-Homestead) (3-3) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960110. (Non-Homestead) (4-3) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960120. (Non-Homestead) (5-3) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960130. (Non-Homestead) (6-3) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960140. (Non-Homestead) (7-3) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960150. (Non-Homestead) Note: There are no delinquent taxes of record. B) Levied or pending assessments of record if any. 11.General and special taxes and assessments, as hereafter listed, if any (all amounts shown being exclusive of interest, penalties, and costs): A) (1-4) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960160. (Non-Homestead) (2-4) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960170. (Non-Homestead) (3-4) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960180. (Non-Homestead) (4-4) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960190. (Non-Homestead) (5-4) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960200. (Non-Homestead) Note: There are no delinquent taxes of record. B) Levied or pending assessments of record if any. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by "+Old Republic National Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 12.General and special taxes and assessments, as hereafter listed, if any (all amounts shown being exclusive of interest, penalties, and costs): A) (1-5) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960210. (Non-Homestead) (2-5) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960220. (Non-Homestead) (3-5) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960230. (Non-Homestead) (4-5) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960240. (Non-Homestead) (5-5) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960250. (Non-Homestead) (6-5) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960260. (Non-Homestead) (7-5) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960270. (Non-Homestead) (8-5) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960280. (Non-Homestead) (9-5) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960290. (Non-Homestead) (10-5) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960300. (Non-Homestead) (11-5) Real estate taxes payable in 2024 are $2,380.00 and are half paid. Base Tax $2,380.00. Property Identification No. 25.0960300. (Non-Homestead) Note: There are no delinquent taxes of record. B) Levied or pending assessments of record if any. 13.General and special taxes and assessments, as hereafter listed, if any (all amounts shown being exclusive of interest, penalties, and costs): A) (1-6) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960320. (Non-Homestead) (2-6) Real estate taxes payable in 2024 are $2,346.00 and are unpaid, plus penalty and interest. Base Tax $2,346.00. Property Identification No. 25.0960330. (Non-Homestead) (3-6) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960340. (Non-Homestead) (4-6) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960350. (Non-Homestead) (5-6) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960360. (Non-Homestead) (6-6) Real estate taxes payable in 2024 are $2,346.00 and are paid. Base Tax $2,346.00. Property Identification No. 25.0960370. (Non-Homestead) (7-6) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960380. (Non-Homestead) (8-6) Real estate taxes payable in 2024 are $2,346.00 and are half paid. Base Tax $2,346.00. Property Identification No. 25.0960390. (Non-Homestead) Note: There are no delinquent taxes of record. B) Levied or pending assessments of record if any. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by "+Old Republic National Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 14.General and special taxes and assessments, as hereafter listed, if any (all amounts shown being exclusive of interest, penalties, and costs): A) (Outlot B) Real estate taxes payable in 2024 are $0.00 and are paid. Base Tax $0.00. Property Identification No. 25.0960410. (Exempt) (Outlot C) Real estate taxes payable in 2024 are $0.00 and are paid. Base Tax $0.00. Property Identification No. 25.0960420. (Exempt) (Outlot D) Real estate taxes payable in 2024 are $12,352.00 and are half paid. Base Tax $12,352.00. Property Identification No. 25.0960430. (Non-Homestead) (Outlot F) Real estate taxes payable in 2024 are $0.00 and are paid. Base Tax $0.00. Property Identification No. 25.0960450. (Exempt) Note: There are no delinquent taxes of record. B) Levied or pending assessments of record if any. 15.Terms and conditions of Resolution No. 2012-51 A Resolution Approving a Metes and Bounds Subdivision, filed April 1, 2013, as Document No. A574224. 16.Terms and conditions of Declaration if favor of Riley Purgatory Bluff Creek Watershed, filed July 2, 2021, as Document No. A728033. 17.Terms and conditions of Avienda Development Contract (Developer Installed Improvements), filed October 28, 2021, as Document No. A735994. 18.Terms and conditions of Conditional Use Permit #2017-10, filed October 28, 2021, as Document No. A735999. 19.Terms and conditions of Resolution No. 2022-79 Resolution Vacating Public Drainage & Utility Easements over Outlot A and Outlot C, Avienda, filed November 8, 2022, as Document No. A754270. 20.Terms and conditions of Avienda Townhomes Development Contract (Developer Installed Improvements), filed December 29, 2022, as Document No. A753032. Amended by First Amendment to Development contract Avienda Townhomes, filed January 30, 2023, as Document No. A756900. 21.Terms and conditions of Avienda Declaration of Reciprocal Easements and Operating Agreement, filed December 29, 2022, as Document No. A756037. 22.Terms and conditions of Declaration of Covenants, Conditions, Restrictions and Easements of Avienda Villas I, filed December 29, 2022, as Document No. A756040. Amended by First Amendment to Declaration of Covenants, Conditions, Restrictions and Easements Avienda Villas I, filed January 30, 2023, as Document No. A756902. 23.Terms and conditions of Declaration of Covenants, Conditions, Restrictions and Easements of Avienda Villas II, filed December 29, 2022, as Document No. A756041. Amended by First Amendment to Declaration of Covenants, Conditions, Restrictions and Easements Avienda Villas II, filed January 30, 2023, as Document No. A756901. 24.Terms and conditions of Stormwater Maintenance Agreement/Best Management Practice Facilities, filed October 4, 2023, as Document No. A765678. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by "+Old Republic National Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright 2021 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 25.Terms and conditions of Stormwater Maintenance Agreement/Best Management Practice Facilities, filed October 4, 2023, as Document No. A765679. 26.Terms and conditions of Memorandum of Repurchase Option, in favor of Charles Cudd Co., LLC, filed August 25, 2023, as Document No. A764080. 27.Terms and conditions of Memorandum of Repurchase Option, in favor of Charles Cudd Co., LLC, filed October 20, 2023, as Document No. A766215. 28.Terms and conditions of Memorandum of Repurchase Option, in favor of Charles Cudd Co., LLC, filed August 25, 2023, as Document No. A767078. 29.Terms and conditions of Memorandum of Repurchase Option, in favor of Charles Cudd Co., LLC, filed December 4, 2023, as Document No. A767678. 30.Terms and conditions of Memorandum of Repurchase Option, in favor of Charles Cudd Co., LLC, filed January 8, 2024, as Document No. A768730. 31.Terms and conditions of Memorandum of Repurchase Option, in favor of Charles Cudd Co., LLC, filed April 3, 2024, as Document No. A771416. 32.Terms and conditions of Memorandum of Repurchase Option, in favor of Charles Cudd Co., LLC, filed May 1, 2024, as Document No. A772453. 33.Terms and conditions of Memorandum of Repurchase Option, in favor of Charles Cudd Co., LLC, filed May 30, 2024, as Document No. A773510. 34.Terms and conditions of Memorandum of Repurchase Option, in favor of Charles Cudd Co., LLC, filed June 4, 2024, as Document No. A773696. 35.Terms and conditions of Memorandum of Repurchase Option, in favor of Charles Cudd Co., LLC, filed June 10, 2024, as Document No. A773933. 36.Easements for utilities and drainage as shown on the recorded plat. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by Old Republic National Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. ORT Form 4757 ALTA Commitment for Title Insurance 2021 v. 01.00 07/01/2021 61736 ALTA 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 Florida 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 Amount of Insurance and the name of the Proposed Insured. If all of the Schedule B, Part I - Requirements have not been met within six months after the Commitment Date, this Commitment terminates and the Company's liability and obligation end. CHB Title, LLC Dennis Moore, Authorized Signatory This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by Old Republic National Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. ORT Form 4757 ALTA Commitment for Title Insurance 2021 v. 01.00 07/01/2021 61736 COMMITMENT CONDITIONS 1. DEFINITIONS a. "Discriminatory Covenant": Any covenant, condition, restriction, or limitation that is unenforceable under applicable law because it illegally discriminates against a class of individuals based on personal characteristics such as race, color, religion, sex, sexual orientation, gender identity, familial status, disability, national origin, or other legally protected class. b. "Knowledge" or "Known": Actual knowledge or actual notice, but not constructive notice imparted by the Public Records. c. "Land": The land described in Item 5 of Schedule A and improvements located on that land that by State law constitute real property. The term "Land" does not include any property beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does not modify or limit the extent that a right of access to and from the Land is to be insured by the Policy. d. "Mortgage": A mortgage, deed of trust, trust deed, security deed, or other real property security instrument, including one evidenced by electronic means authorized by law. e. "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. f. "Proposed Amount of Insurance": Each dollar amount specified in Schedule A as the Proposed Amount of Insurance of each Policy to be issued pursuant to this Commitment. g. "Proposed Insured": Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment. h. "Public Records": The recording or filing system established under State statutes in effect at the Commitment Date under which a document must be recorded or filed to impart constructive notice of matters relating to the Title to a purchaser for value without Knowledge. The term "Public Records" does not include any other recording or filing system, including any pertaining to environmental remediation or protection, planning, permitting, zoning, licensing, building, health, public safety, or national security matters. i. "State": The state or commonwealth of the United States within whose exterior boundaries the Land is located. The term "State" also includes the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam. j. "Title": The estate or interest in the Land identified in Item 3 of Schedule A. 2. If all of the Schedule B, Part I - Requirements have not been met within the time period specified in the Commitment to Issue Policy, this Commitment terminates and the Company's liability and obligation end. 3. The Company's liability and obligation is limited by and this Commitment is not valid without: a. the Notice; b. the Commitment to Issue Policy; c. the Commitment Conditions; d. Schedule A; e. Schedule B, Part I - Requirements; and f. Schedule B, Part II - Exceptions; and g. a counter-signature by the Company or its issuing agent that may be in electronic form. 4. COMPANY'S RIGHT TO AMEND The Company may amend this Commitment at any time. If the Company amends this Commitment to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5. The Company is not liable for any other amendment to this Commitment. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by Old Republic National Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. ORT Form 4757 ALTA Commitment for Title Insurance 2021 v. 01.00 07/01/2021 61736 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 is not 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 is only liable under Commitment Condition 4 if the Proposed Insured would not have incurred the expense had the Commitment included the added matter when the Commitment was first delivered to the Proposed Insured. d. The Company's liability does not exceed the lesser of the Proposed Insured's actual expense incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount of Insurance. e. The Company is not liable for the content of the Transaction Identification Data, if any. f. The Company is not 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. The Company's liability is further limited by the terms and provisions of the Policy to be issued to the Proposed Insured. 6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND CHOICE OF FORUM 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 under the State law of the State where the Land is located and is restricted to the terms and provisions of this Commitment. Any litigation or other proceeding brought by the Proposed Insured against the Company must be filed only in a State or federal court having jurisdiction. c. This Commitment, as last revised, is the exclusive and entire agreement between the parties with respect to the subject matter of this Commitment and supersedes all prior commitment negotiations, representations, and proposals of any kind, whether written or oral, express or implied, relating to the subject matter of this Commitment. d. The deletion or modification of any Schedule B, Part II - Exception does not constitute an agreement or obligation to provide coverage beyond the terms and provisions of this Commitment or the Policy. e. Any amendment or endorsement to this Commitment must be in writing and authenticated by a person authorized by the Company. f. When the Policy is issued, all liability and obligation under this Commitment will end and the Company's only liability will be under the Policy. 7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT The issuing agent is the Company's agent only for the limited purpose of issuing title insurance commitments, policies, and notification to the Company of claims. The issuing agent is not the Company's agent for closing, settlement, escrow, or any other purpose. 8. PRO-FORMA POLICY The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating the coverage that the Company may provide. A pro-forma policy neither reflects the status of Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a commitment to insure. 9. CLAIMS PROCEDURES This Commitment incorporates by reference all Conditions for making a claim in the Policy to be issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of liability in Commitment Conditions 5 and 6. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by Old Republic National Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I - Requirements; and Schedule B, Part II - Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. ORT Form 4757 ALTA Commitment for Title Insurance 2021 v. 01.00 07/01/2021 61736 10. CLASS ACTION ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT, INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS ACTION CONDITION. 11. ARBITRATION The Policy contains an arbitration clause. All arbitrable matters when the Proposed Amount of Insurance is $2,000,000 or less may be arbitrated at the election 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. FACTS WHAT DOES OLD REPUBLIC TITLE DO WITH YOUR PERSONAL INFORMATION? Why? 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. What? 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 employment information Mortgage rates and payments and account balances Checking account information and wire transfer instructions When you are no longer our customer, we continue to share your information as described in this notice. How? 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 Old Republic Title chooses to share; and whether you can limit this sharing. Reasons we can share your personal information Does Old Republic Title share? Can you limit this sharing? For our everyday business purposes -such as to process your transactions, maintain your account(s), or respond to court orders and legal investigations, or report to credit bureaus Yes No For our marketing purposes - to offer our products and services to you No We don't share For joint marketing with other financial companies No We don't share For our affiliates' everyday business purposes - information about your transactions and experiences Yes No For our affiliates' everyday business purposes - information about your creditworthiness No We don't share For our affiliates to market to you No We don't share For non-affiliates to market to you No We don't share Go to www.oldrepublictitle.com (Contact Us) Page 2 Who we are Who is providing this notice?Companies with an Old Republic Title name and other affiliates. Please see below for a list of affiliates. What we do How does Old Republic Title protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings. For more information, visit https://www.oldrepublictitle.com/privacy-policy. How does Old Republic Title collect my personal information? We collect your personal information, for example, when you: Give us your contact information or show your driver's license Show your government-issued ID or provide your mortgage information Make a wire transfer 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 non-affiliates to market to you State laws and individual companies may give you additional rights to limit sharing. See the State Privacy Rights section location at https://www.oldrepublictitle.com/privacy-policy for your rights under state law. Definitions Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies. Our affiliates include companies with an Old Republic Title name, and financial companies such as Attorneys' Title Fund Services, LLC, Lex Terrae National Title Services, Inc., and Mississippi Valley Title Services Company. Non-affiliates Companies not related by common ownership or control. They can be financial and non-financial companies. Old Republic Title does not share with non-affiliates so they can market to you Joint marketing A formal agreement between non-affiliated financial companies that together market financial products or services to you. Old Republic Title doesn't jointly market. Page 3 Affiliates Who May be Delivering This Notice American First Title and Trust Company American Guaranty Title Insurance Company Attorneys' Title Fund Services, LLC Compass Abstract, Inc. eRecording Partners Network, LLC Genesis Abstract, LLC Guardian Consumer Services, Inc. iMarc, Inc.L.T. Service Corp.Lenders Inspection Company Lex Terrae National Title Services, Inc. Lex Terrae, Ltd.Mississippi Valley Title Services Company Old Republic Branch Information Services, Inc. Old Republic Diversified Services, Inc. Old Republic Escrow of Vancouver, Inc. Old Republic Exchange Company Old Republic National Ancillary Services, Inc. Old Republic Title and Escrow of Hawaii, Ltd. Old Republic National Title Insurance Company Old Republic Title Company Old Republic Title Company of Conroe Old Republic Title Company of Nevada Old Republic Title Company of Oklahoma Old Republic Title Company of Oregon Old Republic Title Company of St. Louis Old Republic Title Information Concepts Old Republic Title Insurance Agency, Inc. Old Republic Title, Ltd. RamQuest Software, Inc. Republic Abstract and Settlement, LLC Sentry Abstract Company Surety Title Agency, Inc. Trident Land Transfer Company, LLC