4.5. SR 10-16-2017 - Laserfiche WebLink

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First American Title Insurance Company 2006 ALTA Plain Language Commitment Schedule B Commitment Page 8 Commitment File No.: 1468049 NOTE: Submit the above document(s) to the Company for examination and possibly further requirements prior to closing. (I) Certificate of Real Estate Value. (J) Well Disclosure Certificate; or Deed which contains the following statement: "The Seller certifies that the Seller does not know of any wells on the described real property." (K) This Commitment was prepared from the public records. No Abstract was furnished for examination, and none will be provided to any party without additional charge. (L) Provide this Company with a properly completed and executed Owner's Affidavit. (M) The following is required from Regenscheid Investments Incorporated, a Minnesota corporation. Upon receipt and review this company reserves the right to make further requirements: a) Certificate of good standing issued by the Minnesota Secretary of State b) Bylaws c) Articles of Incorporation d) Corporation resolutions from the Board of Directors authorizing the sale/loan/purchase of subject property (N) Company Affidavit by Purchaser and/or Mortgagor executed by Regenscheid Investments Incorporated, a Minnesota corporation. (O) If an Owner's Policy of title insurance is not ordered at the closing, Company's "Notice of Availability of Owner's Title Insurance" form must be signed by the mortgagors. (P) The Owner's Policy will be issued for the value of the vacant land only. If that land is to be improved and if it is desired that the improved value be insured (for additional charges) the Company must receive a written request to insure the improved value prior to closing. A pending disbursement clause will then be added as an Exception in the Owner's Policy. (Q) The "gap period" will be insured, if this transaction is closed by First American Title Insurance Company or it affiliates. The gap refers to the gap from the effective date of this commitment to the closing date and the gap from the closing date to the recording date of the instrument to be insured. (R) This Commitment is for the exclusive use of this Company and its affiliates in closing the transaction described herein. Anyone else closing off this Commitment shall be liable to this Company for all loss and damage, including payment of all charges shown on the Preliminary Invoice attached hereto.