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Title CommitmentThis 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 140852-003533 AMERICAN LAND TITLE ASSOCIATION Commitment for Title Insurance Issued by North American 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,North American Title Insurance Company, a California 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. 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 140852-003533 COMMITMENT CONDITIONS 1. DEFINITIONS (a) “Knowledge” or “Known”: Actual or imputed knowledge, but not constructive notice imparted by the Public Records. (b) “Land”: The land described in Schedule A and affixed improvements that by law constitute real property. The term “Land” does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is to be insured by the Policy. (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 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 II – Exceptions. ALTA Commitment for Title Insurance 140852-003533 (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 II - Exception does not constitute an agreement or obligation to provide coverage beyond the terms and provisions of this Commitment or the Policy. (e) Any amendment or endorsement to this Commitment must be in writing and authenticated by a person authorized by the Company. (f) When the Policy is issued, all liability and obligation under this Commitment will end and the Company’s only liability will be under the Policy. 7. IF THIS COMMITMENT HAS BEEN ISSUED BY AN ISSUING AGENT The issuing agent is the Company’s agent only for the limited purpose of issuing title insurance commitments and policies. The issuing agent is not the Company’s agent for the purpose of providing closing or settlement services. 8. PRO-FORMA POLICY The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating the coverage that the Company may provide. A pro-forma policy neither reflects the status of Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a commitment to insure. 9.ARBITRATION The Policy contains an arbitration clause. All arbitrable matters when the Proposed Policy Amount is $2,000,000 or less shall be arbitrated at the option of either the Company or the Proposed Insured as the exclusive remedy of the parties. A Proposed Insured may review a copy of the arbitration rules at http://www.alta.org/arbitration. ALTA Commitment for Title Insurance 140852-003533 Schedule A SCHEDULE A AMERICAN LAND TITLE ASSOCIATION COMMITMENT Transaction Identification Data for reference only: Issuing Agent:Lennar Title, Inc. formerly known as CalAtlantic Title, Inc. Issuing Office:5001 W. American Blvd., Suite 201, Bloomington, MN 55437 ALTA Universal ID: Commitment No.:140852-003533 Issuing Office File No.:140852-003533 Property Address:XXX, Proposed Plat of The Park 3rd Addition, Chanhassen, MN 55317 1. Commitment Date: October 10, 2020 at 08:00 AM 2. Policy to be issued: a.INFORMATIONAL COMMITMENT Proposed Insured:U.S. Home Corporation, a Delaware corporation Proposed Policy Amount:$0.00 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 Land is at the Commitment Date vested in: U.S. Home Corporation, a Delaware corporation The fee owner was conveyed title by the Personal Representative's Deed of Sale dated March 18, 2019, filed March 21, 2019, as Document No. 209248. 5. The Land is described as follows: Outlot B, The Park 2nd Addition, Carver County, Minnesota FOR INFORMATIONAL PURPOSES ONLY: TORRENS Property Carver County Property Address:XXX, Proposed Plat of The Park 3rd Addition,Chanhassen, MN 55317 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. Issued through the office of: Lennar Title, Inc. formerly known as CalAtlantic Title, Inc. Countersigned: Authorized Signatory Underwriter Name and Address: North American Title Insurance Company 1855 Gateway Blvd., Suite 600 Concord, CA 94520 Issuing Agent Name and Address: Lennar Title, Inc. formerly known as CalAtlantic Title, Inc. 5001 W. American Blvd., Suite 201 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 140852-003533 Schedule B-I SCHEDULE B-I AMERICAN LAND TITLE ASSOCIATION COMMITMENT Issuing Office File No.:140852-003533 Commitment No.: 140852-003533 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.The "gap period" will be insured if this transaction is closed by Lennar Title, Inc. formerly known as CalAtlantic Title, Inc. The gap refers to the gap from the effective date of this commitment to the closing date and the gap from the closing date to the recording date of the instrument to be insured. 7.Affidavit of Mortgagor or Affidavit of Buyer is required on all transactions. On sale transactions, Lennar Title, Inc. formerly known as CalAtlantic Title, Inc. requires a Sellers Affidavit and a Certificate of Real Estate Value. 8.If an Owner's Policy of Title Insurance is not ordered at the closing, the Company's "Notice of Availability of Owner's Title Insurance" form must be signed by the buyers. 9.This Commitment is for the exclusive use of Lennar Title, Inc. formerly known as CalAtlantic Title, Inc. and its affiliates in closing the transaction described herein. Anyone else closing off this Commitment shall be liable to the Company for all loss and damage, including payment of all charges and fees incurred related to the preparation of this commitment. 10.If the property is subject to any Private assessments for association dues or otherwise, we must be provided a current statement showing all sums are paid or the amount of any outstanding charges. 11.For Wright and Carver counties, a Certificate of Subsurface Sanitary Sewer Compliance executed by both the buyer and the seller must accompany the deed for filing. SCHEDULE B-I (Continued) 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 140852-003533 Schedule B-I 12.NOTE: The following is not a part of Schedule B, and is shown for information only. This will not be included on the final loan policy. PLEASE BE ADVISED THAT THE FOLLOWING INFORMATION IS REQUIRED AT CLOSING: A) Seller's Tax Information Number or Social Security Number. B) Seller's full address after the closing. C) Identification will be required from all parties required to sign documents at closing. 13.This commitment was issued for informational purposes only. Searches have not been conducted for assessments. 14.The subject property is Torrens; Certificate Number 40956.0. 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 140852-003533 Schedule B-II SCHEDULE B-II AMERICAN LAND TITLE ASSOCIATION COMMITMENT Issuing Office File No.:140852-003533 Commitment No.: 140852-003533 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 2020 and subsequent years. 7.Taxes due and payable in 2020 in the amount of $ (unavailable), total. First half taxes: Unpaid, Second half taxes: Unpaid, Base tax $ (unavailable), Special assessments $ (unavailable), Non Homestead Property, Parcel No. (unavailable - plat recorded March 12, 2020). 8.Taxes due and payable in prior years are paid in full. 9.Any and all levied and pending assessments. 10.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. 11.Terms, conditions, and provisions of Wetland Alteration Permit #2019-01 dated March 11, 2019, filed May 6, 2019, as Document No. 209579. 12.Conditions, restrictions and covenants contained in Declaration by U.S. Home Corporation, in favor of Riley Purgatory Bluff Creek Watershed District, dated July 25, 2019, filed August 1, 2019, as Document No. 210501. SCHEDULE B-II (Continued) 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 140852-003533 Schedule B-II 13.Assessments, covenants, conditions, terms, restrictions, easements, and obligations contained in Development Contract for The Park, between the Developer and the City of City of Chanhassen, dated August 12, 2019, recorded October 28, 2019, as Doc. No. 211515; which does not contain a forfeiture or reversionary clause. Restrictions, if any, based on race, color, religion, sex, handicap, familial status, or national origin, are deleted. 14.Assessments, covenants, conditions, terms, restrictions, easements, and obligations contained in Development Contract for The Park 2nd Addition, between the Developer and the City of City of Chanhassen, dated January 20, 2020, recorded March 12, 2020, as Doc. No. 212879; which does not contain a forfeiture or reversionary clause. Restrictions, if any, based on race, color, religion, sex, handicap, familial status, or national origin, are deleted. 15.A portion of the property contains wetlands which may be subject to federal, state or local regulation and may affect the right to use of improve the wetlands. 16.Rights of tenants under unrecorded leases, and of other occupants. Also, property owned by such tenants and/or occupants. THE FOLLOWING IS INCLUDED FOR INFORMATIONAL PURPOSES AND WILL NOT APPEAR ON ANY FINAL POLICIES ISSUED: a.For questions regarding this commitment, please contact Dawn Welch at dawn.welch@lennartitle.com. Privacy Notice Rev. September 2020 Lennar Title Group Family of Companies FACTS WHAT DOES LENNAR TITLE GROUP, LLC FAMILY OF COMPANIES (“LTG”) 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 income Transaction history and payment history Purchase history and account balances 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 LTG chooses to share, and whether you can limit this sharing. Reasons we can share your personal information Does CATG share? Can you limit this sharing? For our everyday business purposes – such as to process your transactions, maintain your account(s), 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 Yes No 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 Yes Yes For nonaffiliates to market to you No We don’t share To limit our sharing Send an email with your name, property address, and/or file # to privacy@lennartitle.com Mail the form below Questions?Call 1 (844) 654-5408 or go to https://www.lennartitle.com --------------------------------------------------------------------------------------------------------------------------------------- Mail-in Form If you have a joint account, your choice(s) will apply to everyone on your account unless you mark below. Apply my choices only to me. Mark any/all you want to limit: Do not allow your affiliates to use my personal information to market to me. Name Address City, State, Zip Account # Mail To: Lennar Title Group, LLC Family of Companies ATTN: Corporate Counsel 730 Northwest 107th Avenue, Suite 400 Miami, FL 33172 Page 2 Who we are Who is providing this notice?LTG (identified below), which offers title insurance and settlement services and property and casualty insurance. What we do How does LTG 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 secure files and buildings. How does LTG collect my personal information? We collect your personal information, for example, when you apply for insurance or apply for financing give us your contact information or 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 nonaffiliates to market to you State laws and individual companies may give you additional rights to limit sharing. Definitions Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies. Our affiliates include companies with a Lennar name; financial companies such as Eagle Home Mortgage, Eagle Home Mortgage of California, CalAtlantic Mortgage, Inc., and Northwest Mortgage Alliance, North American Title Insurance Company, and Lennar Insurance Agency, LLC; and nonfinancial companies, such as Lennar Corporation, Lennar Multifamily Companies, Lennar Commercial, Lennar Homes USA, Lennar Family of Builders, CalAtlantic Homes, Lennar Sales Corp., SPH Title, Inc., Sunstreet Energy Group, and Five Point Communities. 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 and telecommunication service providers, appraisers, 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. LTG doesn’t jointly market. LTG consists of the following entities: Lennar Title, Inc.Lennar Title, LLC Lennar Title, Inc. d/b/a Lennar Closing Services, Inc.CalAtlantic National Title Solutions, LLC CalAtlantic Title, LLC CalAtlantic Title, Inc.