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(rev. 3/10) <br />Schedule B-Section 1 <br /> <br />No. 17-15038 <br /> <br />REQUIREMENTS <br /> <br />Schedule B of the policies to be issued will contain exceptions to the following matters unless the same are disposed of <br />to the satisfaction of the Company. <br /> <br />THIS SUPPLEMENTAL COMMITMENT NO. 4 SUPERSEDES AND REPLACES ANY PREVIOUS TITLE <br />COMMITMENT, SUPPLEMENTAL TITLE COMMITMENT AND/OR ENDORSEMENT ISSUED BY BURNET <br />TITLE UNDER FILE NO. 17-15038. <br /> <br />1. This preliminary commitment is provided to disclose the limitations to the risk the underwriter would be willing to <br />insure as of the effective date and is for the exclusive use of Burnet Title. Burnet Title reserves the right to make <br />additional requirements and/or exceptions. Anyone relying upon or closing from this commitment for any purpose <br />without written authorization from Burnet Title shall be liable to the underwriter and Burnet Title for any and all loss, <br />damage or unpaid fees for services and products. <br /> <br />2. For the following mortgage, we require a written pay-off statement from the mortgagee agreeing to issue a recordable <br />Satisfaction or Partial Release within 10 days of receipt of payment. If the mortgagee is recording the Satisfaction or <br />Partial Release, we require a copy for our records. A written payoff statement must be submitted to the Burnet Title <br />closer 24 hours prior to closing to review for approval. A Burnet Title Pay-off Verification and Processing fee will be <br />collected at closing. If Burnet Title will be recording the Satisfaction or Partial Release the closer is required to collect <br />the appropriate county recording fee to be held until such time that a recordable Satisfaction or Partial Release is <br />received for recording: <br /> <br />Dated: February 5, 2016 <br />Filed: February 29, 2016 <br />Document No.: 10290073 <br />Original Amount: $13,952,206.05 <br />Executed By: James R. Jundt and Mary Joann Jundt, husband and wife <br />To Mortgagee: Wells Fargo Bank, National Association. <br /> <br />(Also covers other land.) <br /> <br />3. Real estate taxes payable in 2018 in the amount of $250,191.00 are not paid. (Base Tax $250.191.00.) <br />Tax Identification No. 11-117-23-32-0020. <br />NOTE: Real estate taxes for 2017 and prior years are paid. <br /> <br />Tax records indicate the current year's taxes are homestead. No representation is made regarding subsequent <br />years' taxes. <br /> <br />Informational Note: Real estate taxes are due May 15 and October 15 annually. <br /> <br />4. If there are any questions concerning this Commitment, please call our Customer Service Coordinator Carrie <br />Hannasch at 952-886-6769 direct, 952-844-0223 fax or e-mail Carrie.Hannasch@burnettitle.com. This Commitment <br />was prepared by Sue Booker at 952-703-8618 fax, or e-mail Sue.Booker@burnettitle.com. <br /> <br />