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Title Insurance 12-28-04 For r;(Jrm 1402 (6/87) ALTA Owner's Policy Order Number: 397706 Page Number: 1 First American Title Insurance Company 7235 Ohms Lane Edina, MN 55439 December 28, 2004 Lecy Brothers Construction, Inc. 15012 Highway 7 Minnetonka, MN 55345 Policy Processor: Phone: (952) 829-0498 Order Number: 397706 Escrow Officer: Phone: Lynne Kahl (952) 829-0899 Buyer: Lecy Bros. Construction, Inc. Property: 2150 Crestview Drive Chanhassen, Minnesota Attached please find the following item(s): A Policy of Title Thank You for your confidence and support. Customer Arst! .... Cl' U¡ :B 4. ~ tt1 ~~ ~o 't: (..) qj IU a ~ ~~ .....§ ~ g'J tt:~ ~ ;~ ~ .. 0 o ....JZ I->-....J« >- WZI-W Z iJj ~<CCf)ü <C 0:: «2:z> z c.. W Z.::;«o:: « :\E ~ Cf)OüW ü 0 O~I-():JCf) 0::C>() l-oc.9WOu)' wZW ~NZ()>-I- ~ëñ() ü~~c.9~~~ ~g~ w~za;:(1)O Cf)J:a;: ã5«~~ui°u.iO::()~ « :J ü Z -=:::: 0::D... ....J u... a;: Z :JZ _..:::::: D...~O- ~.~ ~ ~ ~ ~ @ Z u. ~ > W ....J t:: s W D... I =»0 t:: o::>....Jl-wO:: I- I- :JI-Szzc.9 ·>-z Oüw<C«W ~~<C O~....JS:2w~ 0::<cS:2 1-u...1-a;:>« u...J:a;: wwI-W«Cf) ~I-W ü ....J:\EIW Z :\E I- ~<C....J~ I <C o O::~;:I- I- ~ Z Wa;:>ü a;: >-WW - zU.SD... U. :J >< W For form 1402 (6/87) ALTA Owner's Policy Order Number: 397706 Page Number: 2 SCHEDULE A Amount of Insurance: $912,500.00 Policy Number: C0848831 Date of Policy: October 29, 2004 at 2:01 PM 1. Name of insured: Lecy Bros. Construction, Inc., d/b/a Lecy Bros, Homes 2. The estate or interest in the land which is covered by this policy is: Fee simple 3. Title to the estate or interest in the land is vested in: Lecy Bros. Construction, Inc., d/b/a Lecy Bros. Homes 4. The land referred to in this policy is described as follows: Real property in the City of Chanhassen, County of Carver, State of Minnesota, described as follows: Lot 1, Block 1, Shively Addition, Carver County, Minnesota, Excepting therefrom that part described as: Commencing at a point on the north line of said Lot 1 distant 35.18 feet easterly from the northwest corner of said Lot 1; thence South 87 degrees 45 minutes 19 seconds East, assumed bearing, along the north line of said Lot 1, a distance of 224.82 feet to the northeast corner of said Lot 1; thence South 02 degrees 28 minutes 15 seconds West, along the east line of said Lot 1, a distance of 29.34 feet; thence South 85 degrees 25 minutes 53 seconds West 230.38 feet to the southerly extension of the west line of Lot 4, Block 1, Pleasant Hill; thence North 06 degrees 19 minutes 44 seconds East, along said Southerly extension, 56.81 feet to the point of beginning; And Excepting therefrom that part described as: Beginning at the northwest corner of said Lot 1; thence South 87 degrees 45 minutes 19 seconds East, assumed bearing, along the north line of said Lot 1, a distance of 35.18 feet to the southerly extension of the east line of Lot 3, Block 1, Pleasant Hill; thence South 06 degrees 19 minutes 44 seconds West, along said southerly extension 56.81 feet; thence South 84 degrees 22 minutes 25 seconds West 31.67 feet to the west line of said Lot 1; thence North 02 degrees 28 minutes 15 seconds East, along said west line, 61.01 feet to the point of beginning. AND Outlot A, Shively Addition, Carver County, Minnesota, Except that part thereof described as follows: Beginning at the northwest corner of said Outlot A; thence South 02 degrees 28 minutes 15 seconds West, assumed bearing, along the west line of said Outlot A, a distance of 92.64 feet; thence North 80 degrees 19 minutes 24 seconds East 139.16 feet; thence North 84 degrees 22 minutes 25 seconds East 21.06 feet to the east line of said Outlot A; thence North02 degrees 28 minutes 15 seconds East, along said east line, 61.01 feet to the northeast corner of said Outlot A; thence North 87 degrees 45 minutes 19 seconds West, along the north line of said Outlot A, a distance of 156.90 feet to the point of beginning. For form 1402 (6/87) ALTA Owner's Policy Order Number: 397706 Page Number: 3 APN: 257960010 and 257960020 For \!orm 1402 (6/87) AlTA Owner's Policy Order Number: 397706 Page Number: 4 SCHEDULE B Policy Number: C0848831 EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of: 1. Standard Exceptions: (a) Rights or claims of parties in possession not shown by the public records. (b) Easements, or claims of easements, not shown by the public records. (c) Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by an accurate survey of inspection of the premises. (d) 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. (e) Taxes or special assessments which are not shown as existing by the public records. 2. The lien of the General Taxes due and payable in the year 2004, and thereafter. 3. There are no pending or levied assessments now a lien. 4. No coverage is provided for unpaid utility, water, or sewer services or fees for tree, weeds, grass, snow or garbage removal. 5. An easement shown or dedicated on the Map as referred to in the legal description For: Utility and Drainage Purposes. For çorm 1402 (6/87) AlTA Owner's Policy Order Number: 397706 Page Number: 5 We Are Committed to Safeguarding Customer Information In order to better serve your needs now and in the future, we may ask you to provide us with certain information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to us. Therefore, together with our parent company, The First American Corporation, we have adopted this Privacy Policy to govern the use and handling of your personal information. Applicability This Privacy Policy governs our use of the information which you provide to us. It does not govern the manner in which we may use information we have obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal information regardless of its source. First American calls these guidelines its Fair Information Values, a copy of which can be found on our web site at www.firstam.com. Types of Information Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include: · Information we receive from you on applications, forms and in other communications to us, whether in writing, in person, by telephone or any other means; · Information about your transactions with us, our affiliated companies, or others; and · Information we receive from a consumer reporting agency. Use of Information We request information from you for our own legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have requested of us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality control efforts or customer analysis. We may also provide all of the types of non public personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies, and escrow companies. Furthermore, we may also provide all the information we collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies, or to other financial institutions with whom we or our affiliated companies have joint marketing agreements. Former Customers Even if you are no longer our customer, our Privacy Policy will continue to apply to you. Confidentiality and Security We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be handled responsibly and in accordance with this Privacy Policy and First American's Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. © 2001 The First American COIporation . All Rights Reserved