2005-11-08 Title Commitment
ATA TITLE
Pointe North Plaza
3495 Northdale Blvd, #100
Coon Rapids, MN 55448
DIRECT NO: 763-746-5665
DIRECT FAX: 763-576-8299
TO: Larry Kruse, City Administrator for City of Albertville
FAX NO: 763-497..3210
FROM: TERESA HAEG tehaewrtVataclosers.com
OUR FILE #: 050784
DATE: 11..8...05
# OF P AGES(iucludJng cover@
RE: Phase 1: T Square Properties LLC
Attached is a copy of the title comm.itment, closing notUlcatton
that was mailed to buyers and sellers, and sent via fax to
parties listed below.
Please forward to me a letter or Hst of any documents you will
need to review prior to closing.
Thank you.
~
ATA
T:l.'tle
Pointe North Plaza
3+9, Northdale elvd. NW - Suite 100
Coon Rapids, MN ;7++8
www.atadosers.com
DATE: November 8,2005
Craig Blahut & Rob Hutchinson
T Square Properties, LLC
111 Thomas Park Dr
Monticello, MN 5S362
RE: Phase 1: Lot 1, Block 1, T Square Business Park
Robert & Christine Heuring
5020 Jason Ave
Albertville, MN 55301
FILE NO. 050784
A closing appointment for this transaction has been scheduled for the following:
Date: 11/23/05
Time: 9:00 AM
Location: ATA Title Agency
3495 Northdale Blvd #100
Coon Rapids, MN 55448
763-712-9909
NOTE: TIlE CLOSING WILL BE A "DRY" CLOSING. NO FUNDS WILL BE
DISBVRSED AT CLOSING UNTIL ALL REQUIRED DOCUMENTS HAVE
BEEN APPROVED BY AND RECORDED AT WRIGHT COUNTY.
Please call the undersigned wi1h any questions or comments concerning the closing.
Sincerely,
Teresa Haeg, Qoser
ATA Title
Cc: {Via Fax)
V"trevor BlWells Fargo Bank
,.I'Randi Erickson/Coldwell Banker ACGlaim
Andy Bond, Attorney for seller
...... Mike Couri, Attorney for City of Albertville
.,/ Larry Krose, City Administrator for City of Albertville
Compa"9 Phone Number: 763.712.9909 · Fax: 76;. '70.5299
lUl'ON 311Il ~1~ V~dL~:S ~OOl 8 'AON
Old Republic National Title INiurance Company
Commitment Number: 050784
SCHEDULE B - SECTION II
EXCEPTIONS
Any policy we issue will have the fo/lowing exceptions unless they are taken care of to our satisfaction.
a. Facts which would be disclosed by a comprehensive survey of the premises herein described.
b. Rights or claims of parties in posseesion.
c. Mechanics', Contractors' or Materialmen's liens and lien Claims, if any, where no notice thereof appears of
reeord.
d. Any change in title occurring subsequent to the effective date 01 this Commitment and prior to the date of
issuance of the title policy.
e. Real estate taxes payable in the year 2006 and thereafter.
f. Real estate taxes due and payable In the year 2005 in the amount of $450.00 are unpaid plus penalty and
interest
Property Tax Identification No. 101-103-000020
Homesteadl Agriculture
g. Spe<:ial Assessments, to foUow
h. Subjeot to a Planned Unit Development Agreement filed December 22, 2004, as Document No. 940359
i. SUbject to s Permanent Pond. Drainage and Utility Easement filed December 22, 2004, as Document No.
940360
j. Subject to an Agreement for Waiver of Objection to Special Assessments associated with the 2004 Prairie
Run Improvement Plans, filed April 18, 2005, 8S Document No. 955131
k. Approval of the appropriate municipal officers for such a split to take place must be obtained and appear on
the face of any instrument of conveyance or a certified copy of the resoJution by the City must be submitted
to the Company, prior to closing.
In addition, all current year taxes and special assessments must be paid in full prior to or at the closing.
I. Rights of the public and of the state In and to that part of the premis.es lying in the wetlands.
m. Subject to any and all wetlands shown over the westerly portion of property as shown on the recorded plat.
n. Note: Property is Abstract.1
o. If there are any questions concerning this Commitment, please caD Teresa Haeg at 163-746-5665 or emeil
at tehaeg@atac/osers.com. The fax number is 763-!S76-8299.
A1.TA Cornmibn8llt
Schedule B. Section II (10/17/92)
(050184.PFDI05Oi'S4I10)
Old Republic National Title Insurance Company
Commitment Number: 050784
SCHEOULE B . SECnON I
REQUIREMENTS
The following requirements must be met:
1. Pay the agreed amounts for tha interest In the land and/or the mortgage to be insured.
2. Pay us the premiums, fees and charges for the policy.
3. Documents satiSfactory to us creating the interest in the land and/or the mortgage to be insured must be
signed, delivered and recorded.
4. You must tell us in writing the name 01 anyone not referred to in this Commitment who will get an intereet in
the land or who will mal<e a loan on the land. We may then make additional requirements and exceptions.
6. "GAP" coverage will only be provided to insureds who close with Old Republic National Ttlle Insurance
Company or one of its policy-issulng agents. Old Republic National Titfe Insurance Company will provide
insurance coverage, subject to the terms of the title insurance policy, for any documents recorded with the
County Recorder or Registrar of Titles for the period of time between the effective date of the title insurance
commitment and the date of recording of the closing documents provided the closing occurs with Old
Republic NaUonal Ttile Insurance Company or one of its policy-Issuing agents.
6. A deed executed by R.obert C. Heuring and Christine A. Heuring, husband and wife to
T-Square Properties, LLC
7. Mortgage executed by T-Square Properties, LLC to Wells Fargo Bank, NA to secure $720,000.00
S. Pay and satisfy of record the following Mortgage;
Dated: May 27, 2005
Filed of record: July 5, 2005
Document No. 965952
Executed by: Rebert C. Heuring and Christine A. HeUring, husband and wife
To: Great Northern Bank
Original Principal Amount $50,000.00
NOTE: Covers more land
ofBY Excess risk polley approval by Old Republic Title prior to closlng,- of2,'" ~a lH.d t
10. A current certified survey showing new legal description is required.
11. ThQ legal description at Schedule A. Number 4, constitUtes 8 spIrt of an existing tax parcel. Approval of the
appropriate municipal officers for such a split to take place must be obtained and appear on the face of any
instrument of conveyance or iii certified copy of the resolution by the City must be submitted to the
Company, prior to closing.
In addition, all current year taxes and special assessments must be paid In full prior to or at the closing.
12. Obtain and record release of property from the Planned Unit Development Agreement filed December 22,
2004, as Document No. 940369
ALTA Commitment
Scheduie B - Section I (10117/92)
(0507S4.PFC/0507ll4111 )
Old Republic National Title Insurance Company
Commitment Number: 050784
SCHEDULE A
1. Commitment Date: October 7, 2005 at 08:00 AM
2. Policy (or Policies) to be issued:
(a) Owner'sponcy (ALTAOwn.Policy(10/17192) )
Proposed Insured:
T -Square Properties, LLC
(b) Loan Policy (ALTAloanPollcy(10/17/92))
Proposed Insured:
Wells Fargo Bat!k, N.A., Its successore ,,"d/or assigns as
their respective interests may appear.
Policy Amount
$ 720,000.00
3, Fee Simple interest in the land described in this Commitment is owned, at the Commitment Date, by:
Robart C. Heuring and Christine A. HeurIng
4. The land referred to in the Commitment is described as follows:
Lot 1, BlOCK 1, T Square Business Perk, Wright County, Minnesota
By:
ALTA Commil:rneril
ScMdule A (10117192)
(050784.PFC/050784112)
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