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HomeMy WebLinkAboutADM18-0016_Approved Documents_1543602963.pdf Administrative (ADM) Department of CommunityDevelopment 75 South Frontage Road West TOWN OF VAIL ACTION FORM VaiI,CO 81657 Tel:970-479-2139 www.vailgov.com Project Name: H-B 1709 Geneva LLC 2017 Application Number: ADM18-0016 Application Type: Plat(SF/DUP/CONDO) Date Applied: 11/05/2018 Project Description: Plat re-subdivision, updated title commitment CONTACTS ContactType: Applicant Full Name: John G Martin,Architect (John Martin) Address: John G Martin,Architect PO Box 4701 Eagle, CO 81631 Phone: 9703280592 ContactType: Property Owner Full Name: H-B 1709 GEN EVALLC Address: Phone: None Project Address: 1709 GEN EVADR (210312312028) (210312312028) Job Site Location: No Legal Description: Subdivision: MATTERHORN VILLAGE FILING1 Lot: 4 Block: Data Parcel Number: 210312312028 BOARDS/STAFF ACTION Motion By: Action: Staff Approved Second By: Vote: Date: 11/30/2018 Conditions: - Nochangesto these plans maybemade without the written consentof Townof Vail staff and/orthe appropriate reviewcommittee(s). - Approval of this project shall lapse and become void one (1) year following the date of final approval, unless a building permit is issued and construction is commenced and is diligently pursued toward completion. - This property is located in a "geologically sensitive area"pursuant to Chapterl2-21, Hazard Regulations, Vail TownCode. - Priorto the issuance of any buildingpermit for construction withinthe geologically sensitive areas,the ownershall submita written, signed and notarized affidavit certifying acknowledgment of receiving personal notice of the factthat said buildingor structure is in an area of geologic sensitivity and notice of the studies conducted to date with regard thereto. Planner: Erik Gates PLANNING FEE RECEIPT TOWN OF VAIL Case # ADM18-0016 Date Printed: 11/05/2018 TOWN OF VAIL - FEES RECEIPT Planning Summary Type: Administrative(ADM) Submittal D ate: 11/05/2018 Subcases: Plat(SF/DUP/CONDO) Bond Expire D ate: Description of Work: Plat re-subdivision,updated title commitment Property Information Address: 1709 GENEVA DR(210312312028) Tax ID: 210312312028 Owner: H-B 1709 GENEVA LLC Contacts Contact Type: Applicant Company Name: John G Martin,Architect Full Name: John Martin Address: John G Martin,Architect PO Box 4701 Eagle, CO 81631 Email: john@martinmanleyarchitects.com Contact Type: Property Owner Full Name: H-B 1709 GENEVA LLC Address: Planning Fees Fee Information Account Amount Administative Plat Fee 001-0000.31125.00 $100.00 Payment Information D ate Paid Payment Type Amount Administative Plat Fee 11/05/2018 Check $100.00 Paid By:Carolyn Godfrey-Notes:ck#1239 Ranch Creek Development Company FEE TOTAL $100.00 AMOUNT PAID $100.00 BALANCE DUE $0.00 75 South Frontage Road West,Vail,Colorado 81657 11/05/2018 -4:04:33 PM-Generated by:cgodfrey 1/ 1 1 PREVENT FRAUD -Please rememberto call a member of our closing team Title L tle Awhen initiating a wire transfer or providing wiring instructions. GUARANTEE COMPANY �.f51'7CE li�-^ Customer Distribution Our Order Number: V50050902 Date:06-13-2018 Property Address: 1709 GENEVA DRIVE,VAIL,CO 81657 For Title Assistance EAGLE COUNT YT IT LET EAM 610 WEST LIONSHEAD CIRCLE#300 VAIL, CO 81657 970-477-4500(phone) 970-476-4534(fax) eaglecountyrequests@ltgc.com PLEASE CONTACTYOUR CLOSER OR CLOSER'S ASSISTANT FOR WIRE TRANSFER INSTRUCTIONS Agent for Seller LAND T IT LEGUARANT EECOMPANY DAVE HILB Attention:SARAH DORMAN Attention:DAVID HILB 610 WEST LIONSHEAD CIRCLE#300 PO BOX 2054 VAIL,CO 81657 VAIL,CO 81658 970-476-2251(work) 970-376-2742(work) 970-476-4534(work fax) d.hilb@comcast.net sdorman@ltgc.com Delivered via:Electronic Mail Delivered via:Electronic Mail IP" Land Title' GUARANTEE COMPANY Sim�E I S7-,- Land Title Guarantee Company Estimate of TitleFees Order Number: V50050902 Date: 06-13-2018 PropertyAddress: 1709 GENEVADRIVE,VAIL, CO 81657 Buyer/Borrower: Seller: H-B 1709 GENEVALLC,A COLORADO LIMIT ED LIABILITY COMPANY Visit Land T itle'swebsite at www.ltgc.com for directions to any of our offices. Estimate of Title Insurance Fees TBD Commitment $216.00 If Land T itleGuarantee Company will be closing this transaction,the fees listed above will be collected at closing. Total $216.00 THANK YOU FOR YOUR ORDER! NE ALTA COMMITMENT Old Republic National Title Insurance Company Schedule A Order Number: V50050902 Customer Ref-Loan No.: Property Address: 1709 GENEVADRIVE,VAIL, CO 81657 1. Effective Date: 06-07-2018 At 5:00 P.M. 2. Policy to be Issued and Proposed Insured: "TBD"Commitment $0.00 3. The estate or interest in the land described or referredto in this Commitment and covered herein is: A FEE SIMPLE 4. Title to the estate or interest covered herein is at the effective date hereof vested in: H-B 1709 GENEVALLC,A COLORADO LIMIT ED LIABILITY COMPANY 5. The Land referredto in this Commitment is described as follows: LOT 4, MATTERHORN VILLAGE FILING NO. 1,ACCORDING TOT HE RECORDED PLAT THEREOF, COUNTY OF EAGLE,STATE OF COLORADO. Copyright 2006-2018American Land Title Association. All Rights ReservedAMERICAN LAND TITLE N The use of this Form is restricted toALTAlicensees andALTAmembers in good standing as of the date of use. All other uses are prohibited.Reprinted under license f romtheAmerican Land Title Association. ALTA COMMITMENT Old Republic National Title Insurance Company Schedule B, Part I (Requirements) Order Number: V50050902 The following are the requirements must be met: This proposed Insured must notify the Company in writing of the name of any party not referredto 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. Pay the agreed amount for the estate or interestto be insured. Pay the premiums,fees, and charges for the Policy to the Company. Documents satisfactory to the Company that convey the Title or createthe Mortgage to be insured, or both, must be properly authorized,executed, delivered, and recorded in the Public Records. 1. RECORD DULY EXECUTED AND ACKNOWLEDGED PLAT OF A RESUBDIVISION OF LOT 4, MATTERHORN VILLAGE FILING NO. 1. NOTE:A COPY OF SAID PLAT MUST BE SUBMITTEDTOLANDTITLEGUARANTEECOMPANYPRIOR TO RECORDATION. UPON RECEIPTAND REVIEW FURTHERREQUIREMENTSAND/OR EXCEPT IONS MAYBE NECESSARY. 2. RECORDATION OF THE PARTY WALLAGREEMENT FOR A RESUBDIVISION OF LOT 4, MATTERHORN VILLAGE FILING NO. 1. 3. WRITTENCONFIRMATIONT HATT HE INFORMATIONCONTAINED IN STATEMENT OF AUTHORITYFOR H-B 1709 GENEVA LLC,A COLORADO LIMIT ED LIABILITY COMPANY RECORDED MARCH 23, 2018 AT RECEPTIONNO. 201804401 IS CURRENT. NOTE:SAID INSTRUMENTDISCLOSES DAVID G. HILB ANDANDREWBERNSTEINAS THE MEMBERS AUTHORIZEDTO EXECUTEINSTRUMENTSCONVEYING, ENCUMBERING OR OTHERWISE AFFECT INGTITLETOREAL PROPERTY ON BEHALFOF SAID ENTITY. IF THIS INFORMATIONIS NOT ACCURATE,A CURRENT STATEMENT OF AUTHORITYMUST BE RECORDED. Old Republic National Title Insurance Company Schedule B, Part II (Exceptions) Order Number: V50050902 This commitment does not republish any covenants,condition, restriction,or limitation contained in any document referredto in this commitment to the extent that the specific covenant,conditions, restriction,or limitation violates state or federal law based on race,color,religion, sex, sexual orientation,gender identity,handicap,familial status,or national origin. 1. Any facts,rights, interests,or claims thereof,not shown by the Public Records but that could be ascertainedby an inspection of the Land or that may be asserted by persons in possession of the Land. 2. Easements,liens or encumbrances,or claims thereof,not shown by the Public Records. 3. Any encroachment,encumbrance,violation,variation, or adverse circumstanceaffecting the Title that would be disclosed by an accurate and complete land survey of the Land and not shown by the Public Records. 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 Records. 5. Defects,liens, encumbrances,adverse claims or other matters,if any,created,first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date of the proposed insured acquires of record for value the estate or interest or mortgage thereon covered by this Commitment. 6. (a)Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments,or notices of such proceedings,whether or not shown by the records of such agency or by the Public Records. 7. (a)Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof;(c)water rights, claims or title to water. 8. RIGHT OF PROPRIETOR OF A VEIN OR LODE TO EXTRACT AND REMOVE HIS ORE THEREFROM SHOULD THE SAME BE FOUND TO PENETRATE OR INT ERSECTT HE PREMISESAS RESERVED IN UNITEDSTATES PATENT RECORDED OCTOBER04, 1918, IN BOOK 93 ATPAGE 301. 9. RIGHT OF WAY FOR DITCHESOR CANALSCONSTRUCTEDBY THEAUTHORITYOF THE UNITED STATES AS RESERVED IN UNITEDSTATES PATENT RECORDED OCTOBER04, 1918, IN BOOK 93 AT PAGE 301. 10. RESTRICTIVE COVENANTSWHICH DO NOT CONTAINA FORFEITURE OR REVERTER CLAUSE,BUT OMITTINGANY COVENANTSOR REST RICT IONS,IF ANY, BASED UPON RACE,COLOR, RELIGION, SEX, SEXUALORIENTATION, FAMILIAL STATUS, MARITAL STATUS, DISABILITY, HANDICAP, NATIONAL ORIGIN, ANCESTRY, OR SOURCE OF INCOME,AS SET FORTHIN APPLICABLE STATE OR FEDERAL LAWS,EXCEPTTOT HE EXTENTTHATSAID COVENANTOR RESTRICTIONIS PERMITTED BY APPLICABLE LAW,AS CONTAINEDIN INSTRUMENTRECORDEDNOVEMBER 20, 1963, IN BOOK 178 AT PAGE 263. 11. EASEMENTS,CONDIT IONS,COVENANTS,RESTRICTIONS,RESERVATIONS AND NOTESON THE PLAT OF MATTERHORN VILLAGE RECORDED NOVEMBER20, 1963 UNDER RECEPTIONNO. 98291. 12. DEED OF TRUSTDATED MARCH 19, 2018, FROM H-B 1709 GENEVALLC,A COLORADO LIMITED Old Republic National Title Insurance Company Schedule B, Part II (Exceptions) Order Number: V50050902 LIABILITY COMPANYT OT HE PUBLIC T RUST EEOF EAGLE COUNTY FOR THE USE OF VERIT EX COMMUNITY BANK TO SECURE THE SUM OF $1,761,511.00 RECORDED MARCH 23, 2018, UNDER RECEPTIONNO. 201804402. 13. FINANCING STATEMENT WIT H,VERITEX COMMUNITY BANK THE SECURED PARTY, RECORDED MARCH 27, 2018 UNDER RECEPTIONNO. 20184523. JOINT NOTICE OF PRIVACY POLICY OF Land Tit te LAND TITLE GUARANTEE COMPANY LAND TITLE GUARANTEE COMPANY OF SUMMIT COUNTY LAND TITLE INSURANCE CORPORATION AND OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY T his Statement is providedto you as a customer of Land T itleGuarantee Company and Meridian Land T itle, LLC,as agents for Land TitleInsurance Corporation and Old Republic NationalTitlelnsuranceCompany. Wewantyou to know thatwe recognize and respect your privacy expectations and the requirements of federal and state privacy laws. Information security is one of our highest priorities. We recognizethatmaintainingyour trust and confidence is the bedrock of our business. We maintain and regularly review internal and external safeguards againstunauthorized accessto non-public personalinformation (Personal Information"). In the course of our business,we may collect Personal Information about you from: ► applications or other forms we receivefrom you, including communications sent through T MX,our web-based transaction management system; ► your transactions with,or from the services being performed by,us, our affiliates, or others; ► a consumer reporting agency, if such information is providedto us in connectionwithyour transaction; and ► the public records maintained by governmental entities thatwe either obtain directly from those entities,or from our affiliates and non-affiliates. Our policies regardingthe protection of the confidentiality and security of your Personal Information are as follows: ► We restrict accessto all Personal Information about you to those employeeswho need to know that information in order to provide products and services to you. ► We maintain physical,electronic and procedural safeguards that comply with federal standards to protect your Personal Information from unauthorized access or intrusion. I. Employees who violate our strict policies and procedures regarding privacy are subject to disciplinary action. ► We regularly access security standards and procedures to protect against unauthorized access to Personal Information. WE DO NOT DISCLOSEANY PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT PERMITTED BY LAW. Consistentwith applicableprivacy laws,there are some situations in which Personal Information may be disclosed. We may disclose your Personal Information when you direct or give us permission;when we are required by law to do so,for example,if we are served a subpoena;or when we suspect fraudulent or criminal activities. We also may disclose your Personal Information when otherwise permitted by applicable privacy laws such as,for example,when disclosure is needed to enforce our rights arising out of any agreement, transaction or relationship with you. Our policy regarding dispute resolution is as follows. Any controversy or claim arising out of or relatingto our privacy policy,or the breachthereof, shall be settled by arbitration in accordance with the rules of the American Arbitration Association, and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. IP" LAND TITLE GUARANTEE COMPANY Land Title' GLM MITE.E COMPANY f. - DISCLOSURE STATEMENTS Note: Pursuant to CRS 10-11-122, notice is hereby given that: A) The Subject real property may be located in a special taxing district. B) A certificate of taxes due listing each taxing jurisdiction will be obtained from the county treasurer of the county in which the real property is located or that county treasurer's authorized agent unless the proposed insured provides written instructions to the contrary. (for an Owner's Policy of T itlelnsurance pertaining to a sale of residential real property) C) The information regarding special districts and the boundaries of such districts may be obtained from the Board of County Commissioners,the County Clerk and Recorder, or the County Assessor. Note: Effective September 1, 1997, CRS 30-10-406 requires that all documents received for recording or filing in the clerk and recorder's office shall contain a top margin of at least one inch and a left,right and bottom margin of at least one half of an inch.The clerk and recorder may refuse to record or file any document that does not conform,except that,the requirement for the top margin shall not apply to documents using forms on which space is provided for recording or filing information at the top margin of the document. Note: Colorado Division of Insurance Regulations 8-1-2 requires that"Everytitle entity shall be responsible for all matterswhich appear of record prior to the time of recording whenever the title entity conducts the closing and is responsible for recording or filing of legal documents resulting from the transaction which was closed". Provided that Land T itleGuarantee Company conducts the closing of the insured transaction and is responsible for recording the legal documents from the transaction, exception number 5 will not appear on the Owner's T itlePolicy and the Lenders Policy when issued. Note:Affirmative mechanic's lien protectionfor the Owner may be available(typically by deletion of Exception no.4 of Schedule B-2 of the Commitment from the Owner's Policy to be issued) upon compliance with the following conditions: A) The land described in Schedule A of this commitment must be a single family residence which includes a condominium or townhouse unit. B) No labor or materials have been furnished by mechanics or material-men for purposes of construction on the land described in Schedule A of this Commitment within the past 6 months. C) The Company must receive an appropriate affidavit indemnifying the Company against un-filed mechanic's and material-men's liens. D) The Company must receive payment of the appropriate premium. E) If there has been construction,improvements or major repairs undertaken on the property to be purchased within six months prior to the Date of the Commitment,the requirements to obtain coveragefor unrecorded liens will include: disclosure of certain construction information;financial information as to the seller,the builder and or the contractor; payment of the appropriate premium fully executed Indemnity Agreements satisfactory to the company,and,any additional requirements as may be necessary after an examination of the aforesaid information by the Company. No coveragewill be given under any circumstancesfor labor or materialfor which the insured has contracted for or agreed to pay. Note: Pursuantto CRS 10-11-123,notice is hereby given: T his notice applies to owner's policy commitments disclosing that a mineral estate has been severed from the surface estate,in Schedule B-2. A) T hatthere is recorded evidence thata mineral estate has been severed,leased,or otherwise conveyed from the surface estate and thatthere is a substantial likelihood thata third party holds some or all interest in oil, gas,other minerals,or geothermal energy in the property; and B) T hatsuch mineral estate may include the right to enter and use the property without the surface owner's permission. Note: Pursuantto CRS 10-1-128(6)(a), It is unlawful to knowingly provide false,incomplete,or misleading facts or information to an insurance company for the purpose of defrauding or attemptingto defraud the company.Penalties may include imprisonment,fines,denial of insurance,and civil damages.Any insurance company or agent of an insurance company who knowingly provides false,incomplete,or misleading facts or informationto a policyholder or claimant for the purpose of defrauding or attempting to defraud the policyholder or claimant with regard to a settlement or awardpayablefrom insurance proceeds shall be reportedto the Colorado Division of Insurance within the Department of RegulatoryAgencies. Note: Pursuant to Colorado Division of Insurance Regulations 8-1-3,notice is hereby given of the availability of a closing protection letterfor the lender,purchaser, lessee or seller in connectionwiththis transaction. * * Commitment For Title Insurance Issued by OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY * -4- NOTICE * IMPORTANT—READ CAREFULLY:THISCOMMITMENTISAN OFFER TOISSUE ONE OR MORE TIT LE INSURANCE POLICIES.ALL CLAIMS OR REMEDIESSOUGHT AGAINST T HE COMPANY INVOLVINGT HE CONTENTOF THIS COMMIT MENTOR THE POLICY MUST BE BASED SOLELY IN CONTRACT. THISCOMMITMENTIS NOT AN ABSTRACT OF TITLE,REPORTOF THECONDIT ION OF TIT LE,LEGAL OPINION,OPINION OFT ITLE,OR OT HERREPRESENTATION OF THE STATUS OF T IT LET HE PROCEDURES USED BY T HE COMPANYT O DET ERMINEINSURABILITY OF T HET IT LE,INCLUDING ANY SEARCHAND EXAMINATION,ARE PROPRIETARY T OT HE COMPANY,WERE PERFORMED SOLELY FOR THE BENEFITOF THE COMPANY,AND CREATE NO EXTRACONTRACTUAL LIABILITY T OANY PERSON,INCLUDING A PROPOSED INSURED. THE COMPANY'SOBLIGAT IONUNDER T HIS COMMIT MENT IS T O ISSUE A POLICY OA PROPOSED INSURED IDENT IFIEDIN SCHEDULE A IN ACCORDANCE WIT HT HET ERMSAND PROVISIONS OF T HIS COMMIT MENT THE COMPANY HAS NO LIABILITY OR OBLIGAT ION INVOLVINGT HE CONT ENTOF T HIS COMMIT MENTT OANY OT HER PERSON. COMMITMENT TO ISSUE POLICY Subject to the Notice;Schedule B,Partl—Requirements;Schedule B,Partll—Exceptions;and the Commitment Conditions,Old republic National T itlelnsurance Company,A Minnesota corporation(the"Company"),commits to issue the Policy according to the terms and provisions of this Commitment.T his 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 PolicyAmount and the name of the Proposed Insured. If all of the Schedule B,Part I—Requirements have not been met within 6 months afterthe 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. (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 T itleAssociation,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 PolicyAmount":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 purchasersfor value and without Knowledge. (h)"T itle":T he 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, Comitment 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.T heCompany 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 intervalbetween 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 writtenconsent,any Schedule B,PartII—Exceptions;or (iii) acquire the T itleor createthe 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 matterwhen the Commitment was first delivered to the Proposed Insured. (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 referredto 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. LIABILITYOF 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 restrictedsolely 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,whetherwrittenor 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 authenticatedby 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 coveragethat the Company may provide.A pro-forma policy neither reflects the status of T itleat 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 matterswhen the Proposed PolicyAmount 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. Old Republic NationalT itlelnsuranceCompany a Stock Company Issued by: r r 400 SecondAvenue South LandTitleGuarantee Company ��, TIT �'. Minneapolis,Minnesota55401 3033 EastFirstAvenueSuite 600 • r1PL �F7 '� (612)371-1111 Denver,Colorado 80206 c"9 * * �SG'� 303-321-1880 ..•2T o— — * z Mark Bint J ` ,/{' President n AMERICAN f� � m * m _ LAND TITLE �C O ASSOCIATION 'r r gip �\-d •, • , Rende Yeager Authorized Officer or Agent ,,,, , ,,`t Secretary TM This page is onlya part of a 2016ALTA®Commitment forTitle Insurance Old Republic National Title Insurance Company.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 11—Exceptions];and a counter-signature by the Company oritsissuing agent that may be in electronic form] Copyright 2006-2016American Land Title Association.All rights reserved. T heuse of this Form(or any derivative thereof)is restricted to ALT Aicensees and ALT Anembers in good standing as of the date of use.All other uses are prohibited.Reprintedunder license fromthe American Land T itleAssociation.