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ISSUED BY <br />COMMERCIAL PARTNERS TITLE, LLC <br />AS AGENT FOR <br />OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY <br />COMMITMENT NUMBER 32159 <br />SCHEDULE B -Part II -EXCEPTIONS <br />(Continued) <br />9. In the event this transaction involves new construction or if there has been construction on the property <br />during the last six months please immediately contact the closer or underwriting attorney listed in the <br />Notes for Information page of this commitment to discuss the transaction. <br />If the transaction involves a construction mortgage or is a vacant land acquisition mortgage no <br />construction related work can be preformed on the property until after the mortgage is recorded and <br />pictures have been taken at the site, in order to establish priority for the construction mortgage. <br />Indemnities will be required at closing from the appropriate parties, depending upon the nature of the <br />transaction. <br />10. Rights of the public and the State of Minnesota in and to that portion of the insured premises lying below <br />the natural high water mark of Lake Minnetonka. <br />11. Terms and conditions of Permit, dated July 15, 1983, filed August 2, 1983, as Document No. 4814241. <br />12. Terms and conditions of Permit, dated July 22, 1986, filed July 24, 1986, as Document No. 5133879. <br />13. Terms and conditions of Resolution No. 2004, dated June 9, 1986, filed August 19, 1986, as Document <br />No. 5145572. <br />14. Easement for utilities and drainage as shown on the recorded plat. <br />15. Terms and conditions of Resolution No. 2022, dated July 14, 1986, filed January 2, 1987, as Document <br />No. 5206726. <br />16. Terms and conditions of Resolution No. 2098, dated December 8, 1986, filed August 3, 1987, as <br />Document No. 5307193. <br />17. Easement for drainage and utility purposes, in favor of the City of Orono, a municipal corporation, as <br />created in document dated March 9, 2005, filed April 25, 2005, as Document No. 8570256. <br />18. Terms and conditions of and easements contained in Restatement of the Beth and Bridget Declaration of <br />Covenants, Conditions, Restrictions, Reservations and Easements, dated March 9, 2005, filed April 25, <br />2005, as Document No. 8570258. <br />AL TA Commitment <br />Schedule B (6-17-06) (32159.pfd/32159/25)