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Updated Commitment-PrelimThis page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Old Republic National Title Insurance Co.. 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 2006 - 2016 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 (08-01-16)242568 COMMITMENT FOR TITLE INSURANCE 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 Co., a(n) 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 Policy Amount and the name of the Proposed Insured. If all of the Schedule B, Part I - Requirements have not been met within 90 days after the Commitment Date, this Commitment terminates and the Company’s liability and obligation end. COMMITMENT CONDITIONS 1. DEFINITIONS (a) "Knowledge" or "Known": Actual or imputed knowledge, but not constructive notice imparted by the Public Records. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Old Republic National Title Insurance Co.. 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 2006 - 2016 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 (08-01-16)242568 (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; [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 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 issued by Old Republic National Title Insurance Co.. 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 2006 - 2016 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 (08-01-16)242568 (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. This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Old Republic National Title Insurance Co.. 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 2006 - 2016 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 (08-01-16) Schedule A 242568 COMMITMENT FOR TITLE INSURANCE Transaction Identification Data for reference only: Issuing Agent:TitleSmart, Inc. Issuing Office:7373 Kirkwood Court N, Suite 120, Maple Grove, MN 55369 Issuing Office’s ALTA® Registry ID: 1030935 Loan ID No.: Commitment No.:242568-PRELIM Issuing Office File No.:242568 Property Address:855 Pleasant View Road, Chanhassen, MN 55317 SCHEDULE A 1.Commitment Date: November 12, 2021 at 08:00 AM 2.Policy to be issued: a.ALTA Homeowner's Policy One-to-Four Family 2013 Proposed Insured:TBD Proposed Policy Amount:$0.00 b.ALTA Loan Policy (06/17/06) Proposed Insured:TBD Proposed Policy Amount:$0.00 3.The estate or interest in the Land described or referred to in this Commitment is Fee Simple. 4.The Title is, at the Commitment Date, vested in: Mary F. Meuwissen and Michael S. Meuwissen, joint tenants 5.The Land is described as follows: SEE SCHEDULE C ATTACHED HERETO SCHEDULE A (Continued) This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Old Republic National Title Insurance Co.. 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 2006 - 2016 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 (08-01-16) Schedule A 242568 _______________________________ This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Old Republic National Title Insurance Co.. 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 2006 - 2016 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 (08-01-16) Schedule B 242568 COMMITMENT FOR TITLE INSURANCE 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. Warranty Deed from Mary F. Meuwissen and Michael S. Meuwissen, married to each other to TBD. Mortgage from TBD to Enter People Below, securing the principal amount of $0.00. 5.A completed Well Disclosure Certificate must accompany each deed or conveyance which is to be recorded; or the deed must certify that there are no wells on the property. 6.Pay all taxes, charges, assessments, levied and assessed against the subject premises, which are due and payable. 7.Satisfactory evidence should be had that improvements and/or repairs or alterations thereto are completed; that contractor, sub-contractors, labor and materialmen are all paid; and have released of record all liens or notice of intent to perfect a lien for labor or material. 8.Identification will be required from all parties required to sign documents at closing. 9.Affidavits in a form acceptable to the Company are required from all parties signing any deeds or mortgages in this transaction indicating no judgments, liens, bankruptcies, etc. 10.Arrangements to reserve a closing date must be made through the Real Estate Closer or Lender. The arrangements must allow for adequate time between the written Loan Commitment and the date of closing. Failure to allow for adequate time may result in the requested closing date not being available. SCHEDULE B (Continued) This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Old Republic National Title Insurance Co.. 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 2006 - 2016 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 (08-01-16) Schedule B 242568 11.Item 1 of Schedule B-II (B2) will be deleted if TitleSmart, Inc. conducts an insured closing under written instructions from the Proposed Insured (lender). The policy to be issued will insure loss or damage which arises by reason of any intervening liens or encumbrances over the “GAP PERIOD” between the effective date of this commitment and the date the documents are recorded with the County. 12.If the effective date of the Schedule A is older than 90 days, this transaction cannot close without a preclosing tract check 2-3 days prior to closing. TitleSmart, Inc. reserves the right to raise further requirements/exceptions based upon the examination of said tract check. 13.This commitment is for the exclusive use of TitleSmart, Inc. and the applicant. Anyone else using this commitment shall be liable to TitleSmart, Inc. for all loss and damage including payment of all charges associated with this commitment. 14.FOR INFORMATION PURPOSES ONLY - 24 MONTH CHAIN OF TITLE: Warranty Deed dated April 18, 2006 and recorded May 15, 2006 as Document No. 441135 conveyed title to Mary F. Meuwissen. Warranty Deed dated July 16, 2021, filed July 28, 2021 as Document No. 729746 conveyed title to Mary F. Meuwissen and Michael S. Meuwissen 15.This commitment is being issued for informational purposes only for the party requesting a title search. There will be no title insurance policy issues and TitleSmart, Inc. will not be performing a closing on behalf of the lender. 16.Note: Public records indicate no open mortgages. Please verify no liens or mortgages are to be paid at closing. 17.Please pay all outstanding utility, water/sewer and diseased tree removal bills prior to closing. The commitment does not cover utility, water/sewer or diseased tree removal bills against the subject property not shown on tax assessment records. 18.Your attention is directed to the provisions of the Tax Reform Act of 1986 which require the reporting to the Internal Revenue Service of all real estate transactions after January 1, 1987. 19.Code Compliance/Certificate of Approval is required if the property being sold is in one of the following cities: Bloomington, Hopkins, Golden Valley, Maplewood, New Hope, Richfield, St. Louis Park, Minneapolis, Mounds View, Osseo, Robbinsdale, St. Paul or South St. Paul and West St. Paul. 20.Obtain and submit a Property Transfer Septic System/Sewage Disclosure Form or Compliance Certificate. All property transfers in the following counties require this form: Aitkin, Carlton, Carver, Chisago, Fillmore, Kanabec, McLeod, Meeker, Mille Lacs, Sibley, Stearns, St. Louis, and Wright. 21.This commitment was prepared from the public records. The company was not furnished with an abstract of title and no abstract will be provided at the closing. SCHEDULE B (Continued) This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Old Republic National Title Insurance Co.. 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 2006 - 2016 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 (08-01-16) Schedule B 242568 22.If there are any questions concerning this Commitment please contact Rose Bacon, email rose@title-smart.com at 651-779-3075. 23.Abstract property SCHEDULE B (Continued) This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Old Republic National Title Insurance Co.. 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 2006 - 2016 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 (08-01-16) Schedule B 242568 SCHEDULE B, PART II 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.Liens or deferred charges for sewer, water mains and service pipes, not shown on the tax roll. 3.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. 4.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 record. 5.Rights or claims of parties other than Insured in actual possession or any or all of the property, which are not shown by the public record. 6.Easements, or claims of easements, which are not shown by the public record. 7.Taxes or special assessments, if any, payable with the taxes levied or to be levied for the current year and subsequent years, which are not shown by the public record. 8.General taxes for the current year and subsequent years, which are not shown by the public record. 9.Any claims of adverse possession or prescriptive easement, which are not shown by the public record. SCHEDULE B (Continued) This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Old Republic National Title Insurance Co.. 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 2006 - 2016 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 (08-01-16) Schedule B 242568 10.Real estate taxes due and payable in the year 2021 in the amount of $3,660.00 are paid in full. The base tax amount is $3,660.00. Taxes for 2020 and prior years are paid. Property is assessed as Non-Homestead. The Property ID or Plat and Parcel Number is: 25.6000030. THE ABOVE PID APPEARS TO BE INACTIVE AND ON THE UNDERLYING LEGAL, THE NEW PID APPEARS TO BE 25.6000035 FOR 2022 AND NO ADDITIONAL INFORMATION IS CURRENTLY AVAILABLE. 11.Levied and/or pending special assessments of record, if any, which may be a lien against the land. 12.Rights of tenants as tenants only. 13.Subject to drainage and utility easements as shown on the recorded plat. 14.Terms and Conditions of Declarations of Driveway and Utility Easement dated July 16, 2021, filed July 28, 2021 as Document No. 729747 This page is only a part of a 2016 ALTA® Commitment for Title Insurance issued by Old Republic National Title Insurance Co.. 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 2006 - 2016 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 (08-01-16) Schedule C 242568 COMMITMENT FOR TITLE INSURANCE SCHEDULE C The Land is described as follows: All of Lots 2 and 3, Block 1, Pat Cunningham, Carver County, Minnesota, except that part thereof described as follows: Beginning at the Southwest comer of said Lot 2; thence South 85 degrees 52 minutes 48 seconds East (assumed bearing) along the South line of said Lot 2 a distance of 221.21 feet; thence North 17 degrees 23 minutes 30 seconds West a distance of 367.98 feet; thence North 41 degrees 42 minutes 48 seconds West 110.64 feet; thence North 89 degrees 02 minutes 11 seconds West 30.00 feet to the West line of said Lot 3; thence South 00 degrees 57 minutes 49 seconds West along said West line 418.42 feet to the point of beginning.