Pioneer Title Agency, Inc.

Transcription

ALTA Commitment for Title InsuranceIssued by Old Republic National Title Insurance CompanyNOTICEIMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLEINSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THECONTENT 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, LEGALOPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THEPROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANYSEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FORTHE 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 PROPOSEDINSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THISCOMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THISCOMMITMENT TO ANY OTHER PERSON.COMMITMENT TO ISSUE POLICYSubject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the CommitmentConditions, Old Republic National Title Insurance Company, a Florida Corporation (the “Company”), commits toissue the Policy according to the terms and provisions of this Commitment. This Commitment is effective as of theCommitment Date shown in Schedule A for each Policy described in Schedule A, only when the Company hasentered in Schedule A both the specified dollar amount as the Proposed Policy Amount and the name of theProposed Insured.If all of the Schedule B, Part I—Requirements have not been met within 6 Months after the Commitment Date, thisCommitment terminates and the Company’s liability and obligation end.Issued through the Office of:Pioneer Title Agency, Inc.Old Republic National Title Insurance Company400 Second Avenue SouthMinneapolis, Minnesota 554017310 N. 16th Street Suite 250Phoenix, AZ 85020Authorized SignatoryThis page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment toIssue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions.ORT Form 4690 8-1-16ALTA Commitment for Title InsurancePage 1

Order No. 77501246-075-MEOCOMMITMENT CONDITIONS1.DEFINITIONS(a)“Knowledge” or “Known”: Actual or imputed knowledge, but not constructive notice imparted by thePublic Records.(b)“Land”: The land described in Schedule A and affixed improvements that by law constitute realproperty. The term “Land” does not include any property beyond the lines of the area described inSchedule 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 accessto 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 byelectronic 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 Policyto be issued pursuant to this Commitment.(f)“Proposed Policy Amount”: Each dollar amount specified in Schedule A as the Proposed PolicyAmount of each Policy to be issued pursuant to this Commitment.(g)“Public Records”: Records established under state statutes at the Commitment Date for thepurpose of imparting constructive notice of matters relating to real property to purchasers for valueand 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 theCommitment 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;(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 AMENDThe Company may amend this Commitment at any time. If the Company amends this Commitment to adda defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records prior to theCommitment Date, any liability of the Company is limited by Commitment Condition 5. The Company shallnot 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 actualexpense incurred in the interval between the Company’s delivery to the Proposed Insured of theCommitment and the delivery of the amended Commitment, resulting from the Proposed Insured’sgood 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 Insuredrequested the amendment or had Knowledge of the matter and did not notify the Company aboutit in writing.This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment toIssue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions.ORT Form 4690 8-1-16ALTA Commitment for Title InsurancePage 2

Order No. 77501246-075-MEO(c)(d)(e)(f)(g)The Company will only have liability under Commitment Condition 4 if the Proposed Insured wouldnot have incurred the expense had the Commitment included the added matter when theCommitment was first delivered to the Proposed Insured.The Company’s liability shall not exceed the lesser of the Proposed Insured’s actual expenseincurred in good faith and described in Commitment Conditions 5(a)(i) through 5(a)(iii) or theProposed Policy Amount.The Company shall not be liable for the content of the Transaction Identification Data, if any.In no event shall the Company be obligated to issue the Policy referred to in this Commitmentunless all of the Schedule B, Part I—Requirements have been met to the satisfaction of theCompany.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 underthis Commitment.(b)Any claim must be based in contract and must be restricted solely to the terms and provisions ofthis Commitment.(c)Until the Policy is issued, this Commitment, as last revised, is the exclusive and entire agreementbetween the parties with respect to the subject matter of this Commitment and supersedes all priorcommitment 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 anagreement or obligation to provide coverage beyond the terms and provisions of this Commitmentor the Policy.(e)Any amendment or endorsement to this Commitment must be in writing and authenticated by aperson authorized by the Company.(f)When the Policy is issued, all liability and obligation under this Commitment will end and theCompany’s only liability will be under the Policy.7.IF THIS COMMITMENT HAS BEEN ISSUED BY AN ISSUING AGENTThe issuing agent is the Company’s agent only for the limited purpose of issuing title insurancecommitments and policies. The issuing agent is not the Company’s agent for the purpose of providingclosing or settlement services.8.PRO-FORMA POLICYThe Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating thecoverage that the Company may provide. A pro-forma policy neither reflects the status of Title at the timethat the pro-forma policy is delivered to a Proposed Insured, nor is it a commitment to insure.9.ARBITRATIONThe 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 theexclusive 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. This Commitment is not valid without the Notice; the Commitment toIssue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions.ORT Form 4690 8-1-16ALTA Commitment for Title InsurancePage 3

Old Republic National Title Insurance Company – Issued byPioneer Title Agency, Inc.Order No. 77501246-075-MEOYour No.: DRW\drw\\SCHEDULE AAMERICAN LAND TITLE ASSOCIATION COMMITMENT1.Commitment Date: October 1, 2020 at 7:30 AM2.Policy to be issued:(a)ALTA Owners Policy (6/17/06) Standard CoverageProposed Insured: To ComeProposed Policy Amount: To Come3.(b)NoneProposed Insured:Proposed Policy Amount: 0.00(c)NoneProposed Insured:Proposed Policy Amount: 0.00The estate or interest in the Land described or referred to in this Commitment is:FEE SIMPLE4.Title to the estate or interest in the Land is at the Commitment Date vested in:Arizona LG, LLC, an Arizona limited liability company5.The Land is described as follows:See Exhibit A attached hereto and made a part hereof.This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid withoutthe Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I—Requirements; and Schedule B, Part II—Exceptions.Old Republic National Title Insurance CompanyBy:Authorized SignatureNote: Please direct all inquiries and correspondence to Melissa Offenburger, your escrow officer, at (480)595-3199 or Melissa.Offenburger@PioneerTitleAgency.com. (DRW)ORT Form 4690 A 8-1-16Schedule AALTA Commitment for Title InsurancePage 4

Old Republic National Title Insurance Company – Issued byPioneer Title Agency, Inc.Order No. 77501246-075-MEOYour No.: DRW\drw\\EXHIBIT ALEGAL DESCRIPTIONTHE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF MARICOPA, STATE OFARIZONA, AND IS DESCRIBED AS FOLLOWS:ORT Form 4690 A 8-1-16Exhibit AALTA Commitment for Title InsurancePage 5

Old Republic National Title Insurance Company – Issued byPioneer Title Agency, Inc.Order No. 77501246-075-MEOYour No.: DRW\drw\\EXHIBIT A(Continued)ORT Form 4690 A 8-1-16Exhibit AALTA Commitment for Title InsurancePage 6

Old Republic National Title Insurance Company – Issued byPioneer Title Agency, Inc.Order No. 77501246-075-MEOYour No.: DRW\drw\\EXHIBIT A(Continued)ORT Form 4690 A 8-1-16Exhibit AALTA Commitment for Title InsurancePage 7

Old Republic National Title Insurance Company – Issued byPioneer Title Agency, Inc.Order No. 77501246-075-MEOYour No.: DRW\drw\\SCHEDULE B-IALTA COMMITMENTREQUIREMENTSAll 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 thisCommitment who will obtain an interest in the Land or who will make a loan on the Land. The Companymay 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.5.PAY 2019 taxes.6.Proper showing that the indebtedness and/or obligations secured by Deed of Trust recorded May 22, 2006in Document No. 2006-0691735 have been satisfied, or that the property in question is no longer to besecurity for said indebtedness or obligations.NOTE: In compliance with this Company’s underwriting guidelines, the Release and Reconveyance of theabove Deed of Trust which recorded March 20, 2019 in Document No. 2019-0194688 and recorded March20, 2019 in Document No. 2019-0194689 must be verified with the lender or loan servicer. If the Deed ofTrust was a MERS loan, the identity of the loan servicer may be obtained from the MERS website:www.mersinc.org or by calling the MERS Helpdesk 1-888-680-6377. After obtaining the identity of the loanservicer, the loan servicer must be contacted and the release verified. This verification must be in writingto Pioneer Title Agency, either on the Recording Instructions, by email or by other memorandum.7.Proper showing that the indebtedness and/or obligations secured by Deed of Trust recorded December 29,2017 in Document No. 2017-0967578 have been satisfied, or that the property in question is no longer tobe security for said indebtedness or obligations.This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment toIssue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions.ORT Form 4690 B 8-1-16Schedule B-IALTA Commitment for Title InsurancePage 8

Old Republic National Title Insurance Company – Issued byPioneer Title Agency, Inc.Order No. 77501246-075-MEOYour No.: DRW\drw\\SCHEDULE B-IRequirements(Continued)NOTE: In compliance with this Company’s underwriting guidelines, the Release and Reconveyance of theabove Deed of Trust which recorded March 19, 2020 in Document No. 2020-0240227 must be verified withthe lender or loan servicer. If the Deed of Trust was a MERS loan, the identity of the loan servicer may beobtained from the MERS website: www.mersinc.org or by calling the MERS Helpdesk 1-888-680-6377.After obtaining the identity of the loan servicer, the loan servicer must be contacted and the release verified.This verification must be in writing to Pioneer Title Agency, either on the Recording Instructions, by emailor by other memorandum.8.Proper showing that the indebtedness and/or obligations secured by Deed of Trust recorded October 15,2018 in Document No. 2018-0769752 have been satisfied, or that the property in question is no longer tobe security for said indebtedness or obligations.NOTE: In compliance with this Company’s underwriting guidelines, the Release and Reconveyance of theabove Deed of Trust which recorded July 21, 2020 in Document No. 2020-0652263 must be verified withthe lender or loan servicer. If the Deed of Trust was a MERS loan, the identity of the loan servicer may beobtained from the MERS website: www.mersinc.org or by calling the MERS Helpdesk 1-888-680-6377.After obtaining the identity of the loan servicer, the loan servicer must be contacted and the release verified.This verification must be in writing to Pioneer Title Agency, either on the Recording Instructions, by emailor by other memorandum.9.No open deeds of trust were found of record. Provide written verification by the principals and/or theiragents that the subject property is free and clear of any voluntary encumbrances and advise the TitleDepartment accordingly prior to close of escrow.10.SUBMIT fully executed copy of the Operating Agreement (and all amendments) executed by all Membersof the limited liability company named below for examination. The right is reserved to make additionalrequirements upon said examination.Arizona LG, LLC, an Arizona limited liability company-or in lieu thereof -Furnish copy of Certification of No Operating Agreement and Resolution of Authority signed by all Members.The right is reserved to make additional requirements upon examination of the above.This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment toIssue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions.ORT Form 4690 B 8-1-16Schedule B-IALTA Commitment for Title InsurancePage 9

Old Republic National Title Insurance Company – Issued byPioneer Title Agency, Inc.Order No. 77501246-075-MEOYour No.: DRW\drw\\SCHEDULE B-IRequirements(Continued)11.RECORD Deed from Arizona LG, LLC, an Arizona limited liability company to Proposed Insured Owner.NOTE: ARS 11:1133 may require the completion and filing of an Affidavit of Value.TAX NOTE:YearParcel No.Amount to pay in full, including penaltiesAmount good through2019202-99-008L 1,202.76November 1, 2020PRIOR to recording, obtain current tax information from:Maricopa County Treasurer301 W. JeffersonPhoenix, AZ 85003Phone: (602) 506-8511website: http://treasurer.maricopa.gov/index.htmTAX NOTE:YearParcel No.Amount to pay in full, including penaltiesAmount good through2019202-99-008M 1,202.76November 1, 2020PRIOR to recording, obtain current tax information from:Maricopa County Treasurer301 W. JeffersonPhoenix, AZ 85003Phone: (602) 506-8511website: http://treasurer.maricopa.gov/index.htmTAX NOTE:YearParcel No.Amount to pay in full, including penaltiesAmount good through2019202-99-008N 1,202.76November 1, 2020PRIOR to recording, obtain current tax information from:Maricopa County Treasurer301 W. JeffersonPhone: (602) 506-8511website: http://treasurer.maricopa.gov/index.htmThis page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment toIssue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions.ORT Form 4690 B 8-1-16Schedule B-IALTA Commitment for Title InsurancePage 10

Old Republic National Title Insurance Company – Issued byPioneer Title Agency, Inc.Order No. 77501246-075-MEOYour No.: DRW\drw\\SCHEDULE B-IRequirements(Continued)Phoenix, AZ 85003TAX NOTE:YearParcel No.Amount to pay in full, including penaltiesAmount good through2019202-99-008P 1,202.76November 1, 2020PRIOR to recording, obtain current tax information from:Maricopa County Treasurer301 W. JeffersonPhoenix, AZ 85003Phone: (602) 506-8511website: http://treasurer.maricopa.gov/index.htmTAX NOTE:YearParcel No.Amount to pay in full, including penaltiesAmount good through2019202-99-008Q 686.78November 1, 2020PRIOR to recording, obtain current tax information from:Maricopa County Treasurer301 W. JeffersonPhoenix, AZ 85003Phone: (602) 506-8511website: http://treasurer.maricopa.gov/index.htmTAX NOTE:YearParcel No.Amount to pay in full, including penaltiesAmount good through2019202-99-008R 888.24November 1, 2020PRIOR to recording, obtain current tax information from:Maricopa County Treasurer301 W. JeffersonPhoenix, AZ 85003Phone: (602) 506-8511website: http://treasurer.maricopa.gov/index.htmThis page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment toIssue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions.ORT Form 4690 B 8-1-16Schedule B-IALTA Commitment for Title InsurancePage 11

Old Republic National Title Insurance Company – Issued byPioneer Title Agency, Inc.Order No. 77501246-075-MEOYour No.: DRW\drw\\SCHEDULE B-IRequirements(Continued)TAX NOTE:YearParcel No.Total TaxFirst HalfSecond Half2020202-99-008L 1,105.36 552.68 552.68TAX NOTE:YearParcel No.Total TaxFirst HalfSecond Half2020202-99-008M 1,105.36 552.68 552.68TAX NOTE:YearParcel No.Total TaxFirst HalfSecond Half2020202-99-008N 1,105.36 552.68 552.68TAX NOTE:YearParcel No.Total TaxFirst HalfSecond Half2020202-99-008P 1,105.36 552.68 552.68TAX NOTE:YearParcel No.Total TaxFirst HalfSecond Half2020202-99-008Q 631.10 315.55 315.55This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment toIssue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions.ORT Form 4690 B 8-1-16Schedule B-IALTA Commitment for Title InsurancePage 12

Old Republic National Title Insurance Company – Issued byPioneer Title Agency, Inc.Order No. 77501246-075-MEOYour No.: DRW\drw\\SCHEDULE B-IRequirements(Continued)TAX NOTE:YearParcel No.Total TaxFirst HalfSecond Half2020202-99-008R 816.26 408.13 408.13PRIOR to recording, obtain current tax information from:Maricopa County Treasurer301 W. JeffersonPhoenix, AZ 85003Phone: (602) 506-8511website: http://treasurer.maricopa.gov/index.htmNOTE: The only conveyance(s) affecting said land recorded within 24 months of the date of thiscommitment is (are) as follows:NONE.NOTE: The address of said land is purported to be: Parcel 202-99-008L, 202-99-008M, 202-99-008N, ,AZThe Company assumes no liability as to the validity and/or accuracy of any such address.NOTE: The company hereby informs the parties that it has not made a determination of whether or not thistransaction is subject to the provisions of ARS 33-422 entitled “Land Divisions; Disclosure Affidavit;Recording and ARS 11-831 entitled “Review of Land Divisions; Definitions.” It will be the responsibility ofthe parties to make this determination, therefore, the company assumes no liability with respect to thesematters.Note: Pursuant to Arizona Revised Statutes 11-480, effective January 1, 1991, the County Recorder maynot accept documents for recording that do not comply with the following: Print must be ten-point type (pica) or larger.Margins of at least one-half inch along the left and right sides one-half inch across the bottom andat least two inches on top for recording and return address information.Each instrument shall be no larger than 8 ½ inches in width and 14 inches in length.END OF SCHEDULE B, PART I–REQUIREMENTSThis page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment toIssue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions.ORT Form 4690 B 8-1-16Schedule B-IALTA Commitment for Title InsurancePage 13

Old Republic National Title Insurance Company – Issued byPioneer Title Agency, Inc.Order No. 77501246-075-MEOYour No.: DRW\drw\\SCHEDULE B-IRequirements(Continued)This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment toIssue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions.ORT Form 4690 B 8-1-16Schedule B-IALTA Commitment for Title InsurancePage 14

Old Republic National Title Insurance Company – Issued byPioneer Title Agency, Inc.Order No. 77501246-075-MEOYour No.: DRW\drw\\SCHEDULE B-IIALTA COMMITMENTEXCEPTIONSTHIS COMMITMENT DOES NOT REPUBLISH ANY COVENANT, CONDITION, RESTRICTION, OR LIMITATIONCONTAINED IN ANY DOCUMENT REFERRED TO IN THIS COMMITMENT TO THE EXTENT THAT THESPECIFIC COVENANT, CONDITION, RESTRICTION, OR LIMITATION VIOLATES STATE OR FEDERAL LAWBASED 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 easementidentified 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 PublicRecords or is created, attaches, or is disclosed between the Commitment Date and the date on which all ofthe Schedule B, Part I—Requirements are met.2.(a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority thatlevies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agencythat may result in taxes or assessments, or notices of such proceedings, whether or not shown by the recordsof such agency or by the Public Records.3.Any facts, rights, interests, or claims that are 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.4.Easements, liens or encumbrances, or claims thereof, not shown by the Public Records.5.Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that wouldbe disclosed by an accurate and complete land survey of the Land and not shown by the Public Records.6.(a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuancethereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) areshown by the Public Records.(Note: The above Exceptions Nos. 2 through 6, inclusive, will be eliminated from any A.L.T.A. Extended CoveragePolicy, A.L.T.A. Plain Language Policy, A.L.T.A. Homeowner's Policy, A.L.T.A. Expanded Coverage ResidentialLoan Policy and any short form versions thereof. However, the same or similar exception may be made in ScheduleB of those policies in conformity with the remaining Exceptions of this Commitment shown below.)7.OBLIGATIONS imposed upon said land by its inclusion within any district formed pursuant to Title 48, ArizonaRevised Statutes, excluding however Municipal or County Improvement Districts.8.TAXES AND ASSESSMENTS collectible by the County Treasurer, a lien not yet due and payable for thefollowing year:This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment toIssue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions.ORT Form 4690 B 8-1-16Schedule B-IIALTA Commitment for Title InsurancePage 15

Old Republic National Title Insurance Company – Issued byPioneer Title Agency, Inc.Order No. 77501246-075-MEOYour No.: DRW\drw\\SCHEDULE B-IIExceptions(Continued)20209.MATTERS SHOWN ON SURVEY:Recorded in Book 565 of MapsPage 3710.ALL MATTERS set forth in Certificate of Water Rights according to the terms and conditions containedtherein:Recorded in DocketPage11.EASEMENT and rights incident thereto, as set forth in instrument:Recorded in Document No.Purpose12.2001-1135422ANY ACTION that may be taken by the Flood Control District of Maricopa County to acquire property or rightsof way for flood control as disclosed by ResolutionRecorded in Document No.14.2001-1135418ingress, egress and public utilitiesALL MATTERS set forth in Right of Way Performance Bond Acceptance according to the terms andconditions contained therein:Recorded in Document No.13.3473132004-988419RECITALS contained in instrument recorded in:Document No. 2006-0691733By the use of this exception the Company does not limit the exclusions and exceptions from coveragecontained in the policy.This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment toIssue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions.ORT Form 4690 B 8-1-16Schedule B-IIALTA Commitment for Title InsurancePage 16

Old Republic National Title Insurance Company – Issued byPioneer Title Agency, Inc.Order No. 77501246-075-MEOYour No.: DRW\drw\\SCHEDULE B-IIExceptions(Continued)15.EASEMENT and rights incident thereto, as set forth in instrument:Recorded in Document No.Purpose16.EASEMENT and rights incident thereto, as set forth in instrument:Recorded in Document No.Purpose17.2011-0042824ingress, egress and public utilitiesEASEMENT and rights incident thereto, as set forth in instrument:Recorded in Document No.Purpose19.2011-0042823ingress, egress and public utilitiesEASEMENT and rights incident thereto, as set forth in instrument:Recorded in Document No.Purpose18.2011-0042822ingress, egress and public utilities2011-0042825ingress, egress and public utilitiesEASEMENT and rights incident thereto, as set forth in instrument:Recorded in Document No.Purpose2011-0042826ingress, egress and public utilitiesEND OF SCHEDULE B, PART II – EXCEPTIONSThis page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment toIssue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I – Requirements; and Schedule B, Part II – Exceptions.ORT Form 4690 B 8-1-16Schedule B-IIALTA Commitment for Title InsurancePage 17

Pioneer Title Agency, Inc.FactsWHAT DOES OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY DOWITH YOUR PERSONAL INFORMATION?Why?Financial companies choose how they share your personal information. Federal law givesconsumers the right to limit some but not all sharing. Federal law also requires us to tell youhow we collect, share, and protect your personal information. Please read this notice carefullyto understand what we do.What?The types of personal information we collect and share depend on the product or service youhave with us. This information can include: Social Security number and account balancesPayment history and credit card or other debtChecking account information and wire transfer instructionsWhen you are no longer our customer, we continue to share your information as described inthis notice.How?All financial companies need to share customers’ personal information to run their everydaybusiness. In the section below, we list the reasons financial companies can share theircustomers’ personal information; the reasons chooses to share; and whether you can limit thissharing.Reasons w

Pioneer Title Agency, Inc. . Phoenix, AZ 85020 Authorized Signatory Old Republic National Title Insurance Company 400 Second Avenue South Minneapolis, Minnesota 55401 . Order No. 77501246-075-MEO This page is only a part of a 2016 ALTA Commitment for Title Insurance. This Commitment is not valid without the Notice; the Commitment to