GT_CommitmentAmerican Land Title Association Commitment for Title Insurance
File No: 67501-1 2021 v. 01.00 (07-01-2021)
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.
Transaction Identification Data for which the Company assumes no liability as set forth in Commitment Condition 5.e:
Issuing Agent:Guaranty Commercial Title, Inc.
Underwriter:Old Republic National Title Insurance Company
Issuing Office’s
ALTA® Registry ID:
1039435
Loan ID Number:5512
Issuing Office File
Number:
67501-1
Property Address:570 Market Street, Chanhassen, MN 55317
Revision Number:not applicable
SCHEDULE A
1.Commitment Date: June 17, 2024, 8:00 AM
2.Policy to be issued:
(a)2021 ALTA® Owners Policy
Proposed Insured: Roers Chanhassen Harlow House Apartments Owner, LLC, a Delaware
limited liability company
Proposed Amount of Insurance: $1.00
(b)2021 ALTA® Loan Policy
Proposed Insured: KCRED Originator, LLC, a Delaware limited liability company, and its
respective participants or affiliates
Proposed Amount of Insurance: $29,000,000.00
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:Roers Chanhassen Fund I LLC, a Delaware limited
liability company
5.The Land is described as follows:
SEE ATTACHED EXHIBIT "A"
Countersigned
Guaranty Commercial Title, Inc.
By:
Authorized Signatory
American Land Title Association Commitment for Title Insurance
File No: 67501-1 2021 v. 01.00 (07-01-2021)
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.
EXHIBIT "A"
Lot 1, Block 1, Frontier Cinema Addition, according to the recorded plat thereof, Carver County,
Minnesota.
AND
That part of Lot 1, Block 1, Market Street Station, according to the recorded plat thereof on file or
of record in the County Recorder’s office in and for Carver County, Minnesota, lying easterly,
southerly, easterly and northerly of the following described line:
Commencing at the most southeasterly corner of Lot 1, Block 1, Market Street Station; thence
North 00 degrees 08 minutes 32 seconds East, assumed bearing, along the most easterly line of
said Lot 1 a distance of 147.78 feet; thence South 89 degrees 53 minutes 01 seconds West a
distance of 102.49 feet; thence North 00 degrees 03 minutes 20 seconds West a distance of 281.41
feet; thence South 89 degrees 56 minutes 40 seconds West a distance of 0.61 feet; thence North
00 degrees 03 minutes 20 seconds West a distance of 1.14 feet; thence South 89 degrees 56
minutes 40 seconds West a distance of 4.10 feet to the point of beginning of the line to be
described; thence South 00 degrees 03 minutes 20 seconds East a distance of 1.79 feet; thence
North 89 degrees 56 minutes 40 seconds East a distance of 2.62 feet; thence South 00 degrees 03
minutes 20 seconds East a distance of 209.97 feet; thence North 89 degrees 56 minutes 40
seconds East a distance of 2.10 feet more or less to the intersection of the east line of said Lot 1
and said line there terminating.
(Abstract Property)
Together with appurtenant easement(s) for access, parking, sign, emergency exit, and
maintenance and repair of landscaping, purposes contained in Document No. A387167, as
amended by Document No. A432196.
Together with appurtenant easement(s) for pedestrian and vehicular ingress, egress and access
purposes contained in Document No. A662707.
Together with appurtenant easement(s) for pedestrian and vehicular ingress, egress and access
and utility purposes contained in Document No. A662708.
Together with appurtenant easement(s) for parking purposes contained in Document No. A662709.
Together with appurtenant easement(s) for vehicular and pedestrian access and parking purposes
contained in Document No. A662710.
American Land Title Association Commitment for Title Insurance
2021 v. 01.00 (07-01-2021)
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.
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.Deed of conveyance from Roers Chanhassen Fund I LLC, a Delaware limited liability company, to
Roers Chanhassen Harlow House Apartments Owner, LLC, a Delaware limited liability company.
6.Mortgage to secure your loan.
7.Mortgage dated June 14, 2024, filed June 17, 2024, as Document No. A774185, to secure
indebtedness in the amount of $2,700,000.00 and any other sums which may become due and
payable under the terms thereof, executed by Roers Chanhassen Fund I LLC, a Delaware limited
liability company, as mortgagor, to Sentry Bank, as mortgagee.
Satisfaction, release or subordination is required.
8.Restrictions, covenants and conditions contained in Contract for Private Redevelopment by and
between The Housing and Redevelopment Authority in and for the City of Chanhassen, and
Chanhassen Properties, LLC, dated August 08, 1997, recorded December 22, 1997 as Document
Number 220021, which contains no forfeiture provision.
Termination is required. Use Document No. 387159 as an example.
9.Assessment Agreement and Assessor's Certification dated August 08, 1997, filed December 22,
1997, as Document No. 220022, by and between the Housing and Redevelopment Authority in and
for the City of Chanhassen and Chanhassen Properties, LLC.
Termination is required. Use Document No. 387159 as an example.
10.Terms and conditions of Easement Agreement for Wall and Roof Maintenance by and among
Bloomberg Companies Incorporated, a Minnesota corporation, Chanhassen Suites, LLC, a
Minnesota limited liability company, and Chanhassen Properties, LLC, a Minnesota limited liability
company, dated July 18, 1997, filed July 24, 1997, as Document No. 213638.
Termination is required.
11.Terms and conditions of City of Chanhassen Site Plan Permit No. 95-21, filed December 24, 1997 as
American Land Title Association Commitment for Title Insurance
2021 v. 01.00 (07-01-2021)
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.
Document No. 217436.
Addendum A to Site Plan Permit No. 95-21 dated December 14, 1998, filed March 17, 1999, as
Document No. A246079.
Release is required.
12.Terms and conditions of City of Chanhassen Site Plan Permit No. 2003-9, filed May 20, 2004, as
Document No. A387164.
Release is required.
13.In order to comply with federal reporting requirements, please provide us with the Sellers’ federal
tax id number or social security number prior to closing. FIRPTA and/or 1099 forms, as applicable,
will be required at closing.
American Land Title Association Commitment for Title Insurance
2021 v. 01.00 (07-01-2021)
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.
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.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 shown by the Public Records.
4.Easements, or claims of easement, not shown by the Public Records.
5.Any lien, or right to lien, for services, labor or material heretofore or hereafter furnished, imposed
by law and not shown by the Public Records.
6.Taxes due and payable in 2023 and prior years are paid. Taxes due and payable in 2024 in the total
amount of $38,694.00 (Base tax $38,562.00) are one-half paid on PID No. 25.2830010.
Non-Homestead.
Taxes due and payable in 2023 and prior years are paid. Taxes due and payable in 2024 in the total
amount of $24.00 (Base tax $24.00) are paid on PID No. 25.4460011. Non-Homestead.
NOTE: This commitment does not cover utility bills against the subject property that are not shown
on current taxes or assessment searches.
NOTE: Special assessment search indicates hazardous and solid waste fees are being collected
with each years taxes.
7.Intentionally Deleted. Utility easement(s) over the Land in favor of City of Chanhassen, as created in
Easement dated August 26, 1976, filed August 30, 1976, as Document No. 30098.
8.Sanitary sewer and watermain easement(s) over the Land in favor of City of Chanhassen, as created
in Easement dated August 26, 1976, filed August 30, 1976, as Document No. 30100, and as plotted on
Survey.
9.Intentionally Deleted. Terms and conditions of Declaration of Covenants, Conditions, Restrictions
and Easements and Party Wall Agreement by The Housing and Redevelopment Authority in and for
the City of Chanhassen, dated May 1, 1985, filed May 13, 1985, as Document No. 71070.
American Land Title Association Commitment for Title Insurance
2021 v. 01.00 (07-01-2021)
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.
Amendments to said Declaration filed as Document Nos. 71988, 110474, 110475, 110476, 110477, and
110478.
(Released by Document No. 213626.)
10.Intentionally Deleted. Terms and conditions of Declaration for Pedestrian Access and Courtyard
Easement dated February 7, 1990, filed April 16, 1990, as Document No. 113590.
(Released by Document No. 213626.)
11.Intentionally Deleted. Terms and conditions of Easement Agreement for Wall and Roof Maintenance
by and among Bloomberg Companies Incorporated, a Minnesota corporation, Chanhassen Suites,
LLC, a Minnesota limited liability company, and Chanhassen Properties, LLC, a Minnesota limited
liability company, dated July 18, 1997, filed July 24, 1997, as Document No. 213638.
12.Intentionally Deleted. Terms and conditions of City of Chanhassen Site Plan Permit No. 95-21, filed
December 24, 1997 as Document No. 217436.
Addendum A to Site Plan Permit No. 95-21 dated December 14, 1998, filed March 17, 1999, as
Document No. A246079.
13.Gas utility easement(s) over the Land in favor of Minnegasco, a division of NorAm Energy Corp., as
created in Easement dated October 16, 1997, filed November 3, 1997, as Document No. 217930, and
as plotted on Survey.
Partial Release of Pipeline Easement filed April 22, 2024, as Document No. A772123.
14.Public sanitary sewer and watermain easement(s) over the Land in favor of City of Chanhassen, as
created in Grant of Permanent Easement dated October 15, 1997, filed December 5, 1997, as
Document No. 219252, and as plotted on Survey.
15.Intentionally Deleted. Terms and conditions of City of Chanhassen Site Plan Permit No. 2003-9, filed
May 20, 2004, as Document No. A387164.
16.Terms and conditions of Easement Agreement by and between Market Street Station, LLC, a
Minnesota limited liability company, and Chanhassen Properties, LLC, a Minnesota limited liability
company, dated April 07, 2004, filed May 20, 2004, as Document No. A387167.
Said agreement was amended by Amendment to Easement Agreement dated December 15, 2005,
filed December 30, 2005, as Document No. A432196.
17.Terms and conditions of Access Easement Agreement (West Drive Lane) by and among Chanhassen
Frontier LLC, a Delaware limited liability company, Chanhassen Properties, LLC, a Minnesota limited
liability company, Chanhassen Lodging, LLC, a Minnesota limited liability company, and ALDI Inc.
(Minnesota), a Minnesota corporation, dated May 25, 2018, filed May 30, 2018, as Document No.
A662707.
18.Terms and conditions of Access and Utility Easement Agreement (SouthWest Transit Drive Lane) by
and among SouthWest Transit, a joint powers entity established by the cities of Chanhassen,
American Land Title Association Commitment for Title Insurance
2021 v. 01.00 (07-01-2021)
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.
Chaska and Eden Prairie under the laws of Minnesota, Chanhassen Frontier LLC, a Delaware limited
liability company, Bloomberg Companies Incorporated, a Minnesota corporation, New Chanhassen
Holding Company, LLC, a Delaware limited liability company, and Chanhassen Properties, LLC, a
Minnesota limited liability company, dated May 25, 2018, filed May 30, 2018, as Document No.
A662708.
19.Terms and conditions of Parking Easement Agreement (SouthWest Transit Lot) by and among
SouthWest Transit, a joint powers entity established by the cities of Chanhassen, Chaska and Eden
Prairie under the laws of Minnesota, Chanhassen Frontier LLC, a Delaware limited liability company,
and Chanhassen Properties, LLC, a Minnesota limited liability company, dated May 25, 2018, filed
May 30, 2018, as Document No. A662709.
20.Terms and conditions of Access and Parking Easement Agreement (Cinema) by and between
Chanhassen Frontier LLC, a Delaware limited liability company, and Chanhassen Properties, LLC, a
Minnesota limited liability company, dated May 25, 2018, filed May 30, 2018, as Document No.
A662710.
INFORMATIONAL NOTE: Fee owner took title by vesting deed Document No. A774184.
This commitment was prepared by Matthew Foli.
If there are any questions or requests, please contact your Closer, Maile Ott, at mott@guarantytitle.net /
612-746-0417 and Assistant Closer, Tristan Bell, at tbell@guarantytitle.net.
American Land Title Association Commitment for Title Insurance
File: 67501-1 2021 v. 01.00 (07-01-2021)
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
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, (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 180 Days after the Commitment Date, this
Commitment terminates and the Company’s liability and obligation end.
COMMITMENT CONDITIONS
1.DEFINITIONS
a.“Discriminatory Covenant”: Any covenant, condition, restriction, or limitation that under applicable law
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.
American Land Title Association Commitment for Title Insurance
File: 67501-1 2021 v. 01.00 (07-01-2021)
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.
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;
f.Schedule B, Part II—Exceptions; and
g.a counter-signature by the Company or its issuing agent that may be in electronic form.
[ELSE][ENDIF][ENDIF]
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.
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.
American Land Title Association Commitment for Title Insurance
File: 67501-1 2021 v. 01.00 (07-01-2021)
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.
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
and policies. 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.
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
American Land Title Association Commitment for Title Insurance
File: 67501-1 2021 v. 01.00 (07-01-2021)
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.
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.