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Home My WebLink AboutTitle Commitment r Tr IENT 970 SCCE PnLICPTI:. NO, I) T.,c5aocit c 1, Ecrc'ECTivE DA jant4ary PT 6100 p,r POLTCV TO EL USUEDr me determined) ALTA RESTDCNITAL, OwNER ALT A OWNER'S POLIC'Y PROPOSED IN5LRE1) t 5oectro Allos Corporation, a mInnesota Corporatic 3. THE ESTATE CO INTEPFST IN THE LAND DESCRIPED OR REFERRED TO T THIS AND CO'IERCD 4 r EE SIMPLE AND TITLE THERETO IS PT THE EFrECTIvE DATE HERU:tF VEZTED IN; Soectro 1ri Cc a r Corpo 4. THE LAND PEFr.RFED TO IN Cr.IITmENT IS DESCRIED AS FOLLOWS!: Lots 1,2,3 aild 4. Block 1, aro Lots 4 And 5, Esloc14 2, Ho1 1enbaci4 Nelson, Inc., First Addition, according to the recorded plai; there70°, and aiti.kate in Dakota County, Minnesota. Abstract Al•- Abstract c Title is not c in file. t..n.7..wn as 1.322 1 Doyle Path, Posent, Mtnnesota„ SCHEDAE SECTION 1 AND 11 IN ADDITION TO 'Tx: STANDARD EXCEPTIONS, CONDITIONS AND STIPuLATIONS ATTi4CHED HERFTO, AND THE CONDITIONS, STIPULATIONS ANiD EXCLUSTnNS rpom i7o IN THE COWJANY USUAL FT1PM OF PoLICY, THE LAND REFZPRE) To IS, PS OF THC EFFECTIVE DATE HFIcE0 7,UF TO THE FOLLOWIN 1. Taxes for 17'7 vear 1996 are nr t.. yet available. Taves fdr thr=A year 199" in tne AmokInt cr7: are paid. tBase t- am a2,36 kTa No, 64-33400-010-01.i Tao:es for tr", year 199t in the amount of s34,5e2.36, are maid. kBase tax amurt $34,585.68.) No. 34-33400-0..1'0-01, :4_ Taves fenr ths. year 199" in the amount of $20,2, a 1111 11***, (itt OLD REPUBLIC lonaNat Me Mamma Company ORT Form 3131 D CX961NW7i Page: C6ase am $a21,;?.59,n4) No. 34 5, Taes for tnq year 1995 in the annt of titiF F Pold. ;Dase tax arof%unt (Tx Nc. 34 E.. Taxes yeiw 1995 in tne ar of i1i;:':, are paid, (Pate t• $2 iTax No. 34-33=4.00-40-0E,) 7, Ti4•..es for this' year 1935 in ths arAount of fl.991.64, Are pig. 1 tax amrt $1,991.64.) 34-33400-OtT+0-0 NOTE: Dai.;ot,; recor,c indicate Drc'PerrY non-nrleetead ta);es payable in the year ',As to each rcel NC:rE; Taxes for the year 1994 and prior years are paid. to each NOTE1 There are r+C+ Levied or pending special assess lAs Tc+ larce:H 6. Mortgage and SectArity cigrosetl Dated: IS. 1989 Fri 1 e4.11 i 1999 Os Docotlent f'jo. 8e0756 Motgagorl :7,c,ecteo Plloye ;:.orporation Mortgages: 3arclays Ewsiness CrsOit, Inc. Tb sed%tre an indePtvOness of $4,000,000,00, C.+7 ttl Dated; jar.I.,kry 14, 199 Filed: Api 19e As Docr4rIent 6641 Mor: ''pectro orcoratiori Mortgageel Oarclais fitslnese Inc, 7o seciJrs an i o-F; tit,00NIO.C!0, fC•rrcts 7! aboYe mo et Tmendment fl fled as Doc“r,*,ent NC+. ij.:03 The above motgages assigneo to wrout Capital C:orpoation by assigr dted 5an recorced rebrt Z3, 1 E +E DodiAl'Aent Lio4 rIhancing St,;terlent by ae4c3 Peteen Spectro Plloys C-ot OLD REPUBLIC Hill Mt Waal Tile Insurance Company ORT Form 3131 DC960J:0071 Pillg41- 2 as debtdr, att Parcis Cretit, Inc. as secured %art, filed 'riar'c':h 1 :(CLIerft N. &J:075E. /3. df the atdve Tiranimg Statenient w flied Octdber 1 1 PS Ddd 1158J:in, t The abdve Staten7ent hpa teen assicimed td Shawrout: Capital Cdmpl'atidn, ty asqignent filed Vebroto Dddument lz:63j;t1. 15. Utility Pnd ")raiinalle Easer PS sndwn c the 1 plat. 16. The Draiv and Utility Caseemts between Ldts 3 and Bldcw 1 and Ldts F.nc, 3 Elldt have teen vPCPTE PC*" evidenced by DdcLtment N. f6144 55370, 6756 and 86 17r Peser•atln :If Mineral rlghtS cdntained in Ddtt Nds. 3•9775 and 3'9 Pestrictidr :fhat Ldts ant jA.. Mlock 1 shall ndt be sdid dr ai apart fr each as ci! in Dc.f.7u0Fnt n0141 P 5ter.115. 19. Rdad amd Utiiity EaserAent as :id-taimed in Ddcument Nd. 63663. ao. Rc4.d and ti y Casetrosnt Pa cd1 in Ddcw 638e6Z J21. vacts which de discldeed t an accurate si:.rvey of the pl-emises her'ain described. Pights parties in p a2, Ndtec This e was r withdut tne benefit tf •n si.Ctliect 'r'sc:eipt ar w!4U J-24. NOTE4 IT= tr ars any c2nc:erning the eceptins r-ter 5crheule D this c please call Dave mdeyenbds 7-560iZt, et, 60. dIw Hil 11,1***, (itt OLD REPUBLIC 1 1111.! 4 Nations 1 Mb Insurance Company ORT Form 3131 Commitment To Insure ALTA Commitment 1970 Rev. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY, a Minnesota, corporation, herein called the Company, fora valuable consideration, hereby commits to issue its policy or policies of title insurance, as identified in Schedule A, in favor of the proposed Insured named in Schedule A, as owner or mortgagee of the estate or interest covered hereby in the land described or referred to in Schedule A, upon payment of the premiums and charges therefor all subject to the provisions of Schedules A and B and to the Conditions and Stipulations hereof. This Commitment shall be effective only when the identity of the proposed Insured and the amount of the 9:t policy or policies committed for have been inserted in Schedule A hereof by the Company, either at the time of the issuance of this Commitment or by subsequent endorsement. -rc This Commitment is preliminary to the issuance of such policy or policies of title insurance and all liability and 4 obligations hereunder shall cease and terminate six months after the effective date hereof or when the policy or policies committed for shall issue, whichever first occurs, provided that the failure to issue such policy or policies is not the fault of the Company. CONDITIONS AND STIPULATIONS 1. The term "mortgage when used herein, shall include deed of trust, trust deed, or other security instrument. 2. If the proposed Insured has or acquires actual knowledge of any defect, lien, encumbrance, adverse claim or other matter affecting the estate or interest or mortgage thereon covered by this Commitment other than those shown in Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act of reliance hereon to the extent the Company is prejudiced by failure of the proposed Insured to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim or other matter, the Company at its option may amend Schedule B of this Commitment accordingly, but such amendment shall not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions and Stipulations. 3. Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of Insured in the form of policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith (a) to comply with the requirements hereof or all to eliminate exceptions shown in Schedule B, or (c) to acquire or create the estate or interest or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies committed for and such liability is subject to the insuring provisions and the Conditions and Stipulations and the Exclusions from Coverage of the form of policy or policies committed for in favor of the proposed Insured which are hereby incorporated by reference and made a part of this Commitment except as expressly modified herein. 4. Any action or actions or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on and are subject to the provisions of this Commitment. STANDARD EXCEPTIONS In addition to the matters contained in the Conditions and Stipulations and Exclusions from Coverage above referred to, this Commitment is also subject to the following: A. Facts which would be disclosed by a comprehensive survey of the premises herein described. B. Rights and claims of parties in possession. C. Mechanics', Contractors' or Materialmen's liens and lien claims, if any, where no notice thereof appears of record. D. Any change in title occurring subsequent to the effective date of this Commitment and prior to the date of issuance of the TITLE POLICY. IN WITNESS WHEREOF, Old Republic National Title Insurance Company has caused its corporate name and seal to be hereunto affixed by its duly authorized officers on the date shown in Schedule A, to be valid when countersigned by a validating officer or other authorized signatory. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY A Stock Company 400 Second Avenue South, Minneapolis, Minnesota 55401 (612) 371 -1111 AO GG /7/ By President Authorized Signatory Attest Secretary ORT Form 2414 7/15 MOSS SJNILSVH 9L994£C219) SS AVMH9IH O9 t 009?'L£V (Zl9) SAS 31111V i.M`:211S9V icIttrnOD lo 831110 ayl Ono* pass' I Ruedwo3 eouemsui leuolieN I aansui 01 luew3!wwo3 DIZgnd 1 I QrIO I t/ 4 1 *.II