2002-11-13 Insurance
~
NOlJ-13-2002 10: 29
CPDC
612 971 0576 P,02/06
Chic:aao Title lnsunw::t CompQJ\Y
bsued by its Aeent, Lalld Title, Inc.
COMMITMENT
SCJlEDULE A
SIlppleJ;nental
Case No. 20g5~g
1, nffe:eti~J~ Date: Augl1st 5,2002 at 7:00 A.M.
2. rolicy or 'Polieics to be Issued:
(a) Cl ALTAHomeowncrsPolicy-10l17/Sl2
}"ropoli~d h\s.ured: NONE
(b) 0 ALTAShortFonnLosnPolicy-l0117l92 Amount -0-
PI'Oposed IoS'url:d: NONE. its successors and a8si~ as their interests may appear.
Amount - 0 -
3. Title to Ole Pee Slmple estate or inte~t in the land dClictibcd or :referred to in. this CommLtm~ is at
the eif'et.1.ive date hereofvested in:
Contractol' Property Developers CompMy, a Minnesota cop;poration
4. i'nc land ~rCfl'etl to in the Commitment is described as foUo..vs:
Outl()\ 1, Town\) lakes, Wright Counly, Minnesota.
A.1bt.'1wi'ie:, MituwseU\.
A.bstract p~Y. Wrig,ht Cou'\'Ity
'Ibt~ eommltmeJll is invalid unleS$ the lllSUtlllg Provisions llJld Schedules A lUld B are lI1tachod,
Schedule A ~QJiSbtal of 1 pe.ce<s)
NOV-13-2a02 09;31
93%
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P.~
NOv-13-2002 10:30
CPDC
612 971 0576 P,03/06
Chicago Title lnSIlI'aDU Company
COMMITMENT
SCRWlJLlt B - Section .
RCCluiremellU
1. The t'oUowing ate the requirtctltnti to be COPlPUed with:
A, PayrnClllS to. 01 CQI the account Qf. the sellers or mortpges of the full consideration for the ~tate
or intcr~ to be insured.
B. Insb:uraents in il\Sutable form whioh must 'be execute:d, delivered and du1y filed for record.
C, Plat ofTown.e Lakes 2M Addition to be filed ofrec:ord.
Not~: Ai ~1th an plat fiJin~ tht entire yens taxes Jnust be ptid iD full
Ca~co No, 7.0859&
Thill eolftl'ciuneul i.!: ir.valid wUc:sslhe ll'lSWi1'l8 pro'Jisi.ollll ancL Schod\llcs A fl1'Id Bare att'/l.thcd.
SQbl41l.1e B 1 conJillIS of 1 'Page(s)
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NOU-13-2002 09:31
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NOlJ-13-2002 10:30
CPDC
612 971 0576 P,34/05
ClUeago Title 1ll.Su~ance CampallY
COMMITMENT
SCNEJ)ULE Jl- Section n
ElCc:cpiiOI15
Th~ policy or po1iC\VS to be issued will eontain eKCeptlons to the following 'IUlless lhc same are dis-posed
otto the sali$flletion oftt\e Company.
1. Dcfcct~.licnsl e::\Cun,''1bra.1ecs, advCfse elaittls or other.mattcIS, if81\Y. ercated, first appearing in the
pu bile recln<l.$ or c\tnching 10 &u.bsequ.ent to the effcclivc date hereof but prior to t~ date the
pr(1}loscd Insured acquires for value of record the estate O~ iflteresl Of mortgaee thereon oovered by
this COI'\'U'l1itmenL
2. Any disercpauci:.:s or conflicts in boundary lines. any shortages in area, or any encroac;hm.ent or
ov~da'P?inR of i1'll.provemcntS.
3. ^ny facts, [ie-bu, interests or claims which are not shown by the public record but wbich could be
asccrt81ncd. by :In accurate sUN~ of tho land or by umlci.ng il\lluiry of per$Olls in possession thereof.
4. 'Eai~ellts, liens or cnoumbtllnees or claims thereof, which a.Te not shown by \he public record.
S. Any 11~1l or risht to a lien for servicet, labot or material imposed by law and not &hown by tlie public
record.
6. Taxes or a.uessmentl:. which are not shown aEi ~j~tlng liens by the records of any taxing A\uhority
that 1 ev{cs tlX'.QS 01' a.'lsessnten!$ on real property or by the publio rteord., Proceedin2$ by a pu'olic
agency which may fCI'Jult in taICes or as$e$smml'S, or 'tl.Otieo of such prooeedings. whether or not
lihown hy the recot'd:s of suell agency or the publio rec:.orct
CD Tax.er. payahle in the yell.t 2002 in the amount of S 12,972.00 Total, 1 SI ha.lfpaid. 2lW half unpaid.
(1 0 \.08J-00011 0), Non-Homestead, ^. j I. ~ j ,
.;
s. l1ull'e are no levied or pend.iL'g c~1 aSlIt.mncnts.
S>. Terms and cOflw1jons of Master Planned Unit Development ~Cc:mcJlt for Towne Lakes by and
Ddwecn Cmuractor l"ropcrty Developers Company, a Mit'Jle$ota eorpOt'6tiOn, tU'ld the City or
Albertville, d~tcd August 6. 2001. filed September 14, 2001, as Document Number 7S6748.
to. Draln8JC an.d utility cue:menis over the subj ect property as shown on the recorded plat,
\ 1. Dcdar~tioll olCoveuants. Conditions and &e~trictiOIlS, filed May 1512002, as Docwnent Nwnber
7!H 007, ("these ,rCstdctlons contain no forfeiture: provision.)
Ca$~ No. 20gS~S
This c:,unllnllment i~ in...~lid uu1c.ts the lnsutil1& frovilioos ,nd Sl.:bedules ^ and n ore attached.
Schee111t BZ COIlSist.~ of Z paae(s)
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NOV-13-2ee2 a9:31
.....
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93%
P.e4
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If
NOV-13-2002 10:31
612 971 0576 P.05/05
CPDC
Cbicago Title In.........ce Compaay
COMMITMENT ,
SCBED\JLf. B . Section U
'l.uepUODS
L 2. Declaration of Covenants, Co"dlti()ns and Re~trietiolls filed May 1 S, 2002, as Document Number
7$'.liDOS, subsequently arnended by Dooument Number 800552. (Tbese restrictions CQIlULlllllO
Corl'eitl.ll'C pro"tiSion.)
13, Req\t.est for'NotlCc e:ll.ecuted by Scherer l!ros. Lumber Co. filed May 17,2002, as OOCl,lmel'l.t Number
79132~.
14. Mort~ie c~ecme(\ by Contractor Property Developers Company, a Minne&ota corporation, da.ted
AlIg\lst 14.2001. filod September 14, 2001 ~ Document Nutllber 756749, j,n the original amount of
$4, \ 50,000.00, in fu:vor of Alliance Bank. (Co'lJers Additional PtopeIty)
) S. MQrt~ge ~x.ce\lte() by conmu::tor Pl-operty ~elopers Coml)iUlY. a Minnesota corporation. med
May 17,2002, as l>oC\.l111ent Number 79] 328, In the original amo~nt of $24,783.096.&3, in favor of
Scherer BTOlI. hnnter Co. (Covers Additional Property)
16. J f thert at" llJ1)' qJjo.~tlons regat'dmg this Commitment, please contact Larry S, Moulltain at (6~ l) 697~
5\ 1.6 or by cmail at Imountain@la.1'ldtidei'llc.cOm.
C~O NQ. 208S9a
rhi& eomminncnt is ulValid unlO!l$ltle I1IStiring Provisiol\S m1" $l:hedu1/il$ A t:A~ S art attacl\ed.
scl'ledUle 82 coosi1lU of 2 page(s)
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TOTAL P. 05