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Please provide to Burnet Title the recording information to allow verification prior to closing of the successful filing of the plat and city resolution of approval. Note: the legal description listed at Schedule A number 5 contains more land than is being sold according to the purchase agreement. 9. The application/inspection disclosed the premises to be vacant land. Burnet Title reserves the right to make further inspections and additional requirements and/or exceptions based upon those inspections. NOTE: Standard Exceptions shown on Schedule B-Section 2 will appear on any policy issued. 10. The Owner's Policy will contain the following exceptions: This Policy is being issued for the value of the vacant land only, and the liability hereunder is hereby limited to the face amount of the policy. Rights or claims or parties in possession not shown by the public records. Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by an accurate survey and inspection of the premises. 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. 11. This Commitment is provided through our examination of the public records. Burnet Title is not in possession of the Abstract of Title. The Purchase Agreement must be reviewed to determine the intent of the parties regarding title evidence and associated charges. 12. Recording Gap Coverage disclosed in Schedule B-2 of this commitment and Insured Closing Protection coverage provided by any Insured Closing Letter will not be provided to any insured unless Burnet Title provides the closing, recording and escrow disbursing services. None of the Insurance Requirements disclosed in Schedule B-I and the Standard Exceptions disclosed in Schedule B-2 shall be removed from the final policy except by written authorization from a Burnet Title Closer or Examiner. 13. A name search was neither ordered nor provided on the buyer. If one is needed, please call the undersigned examiner or customer service at (952) 886-6769. There will be an additional fee charged for this. 14. This commitment is for the exclusive use of Burnet Title in closing the transaction described herein. Anyone relying upon or closing off of this commitment for any purpose without written authorization from Burnet Title shall be liable to Burnet Title for any and all loss, damage and any unpaid fees for services and products disclosed on the invoice issued with this commitment. If this commitment is cancelled and the transaction closes, the Title Search and Exam Service Fee and Buyer Closing Service Fee will be collected at closing. The Buyer(s) will be required to execute a cancellation notification form. 15. Real estate taxes payable in 2013 in the amount of $56,558.30 are paid in full. (Base Tax $56,558.30.) Tax Identification No. 08 117 23 44 0023. NOTE: Real estate taxes for 2012 and prior years are paid. Tax records indicate the current year's taxes are homestead. No representation is made regarding subsequent years' taxes. Informational Note: Real estate taxes are due May 15 and October 15 annually. 16. The legal description shown in Schedule A, No. 5 hereof will constitute a tax parcel split. Subdivision approval from the appropriate municipal authorities is required prior to closing. (rev. 1/10) RECEIVED MAR 17 2014 CITY OF ORONO