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Insured Closing Protection Letter -- Ref: 967952121 — ALTA8 - Single Transaction <br />.."i <br />'.OLD REPUBLIC \.1' AONA1_'ITILE INSt RAtiC E C'[1A11'AW <br />Ref: 967952121 -- ALTA8 -- SINGLE TRANSACTION LIMITED LIABILITY <br />"Date" : Wednesday, August 5, 2020 <br />"Addressee": <br />The Bank of Elk River <br />630 Main Street <br />Elk River, MN 55330 <br />"Real Estate Transaction": <br />Buyer Erin Thomas Cunningliam & Tracy Lorraine Cunningham <br />Street Address: 1420 5th St NW <br />Elk River, MN 55330 <br />Binder/Order Number: 2020-450 <br />"Issuing Agent" or "Approved Attorney": <br />SHERBURNE COUNTY ABSTRACT <br />& TITLE CO. <br />351 MAIN STREET <br />ELK RIVER, MN 55330 <br />(763) 441-3280 - PHONE <br />North Central Division Office: <br />400 Second Avenue South <br />Minneapolis, Minnesota 55401-2499 <br />Voice: 612-371-1111 --Fax Number: 612-371-1190 <br />Toll Fire: 800-328-4441 <br />Email: ICL.MW cr OldRepublicTitle.com <br />To verify if this agent is in good standing, go to www.oldrepublictitle.coni, and click the "Authorized Agent Verification" button at the bottom ofthe Home <br />page and enter in Reference Number 967952121. <br />Re: Closing Protection Letter <br />Dear Madam or Sir <br />In consideration of Your acceptance of di is letter, Old Republic National Title Insurance Company (the `Vompanyl�, agrees to indemnify You for actual loss <br />of Funds incurred by You in comiection with die closing of the Real Estate Transaction conducted by the Issuing Agent or Approved Attorney on or after the <br />Date of this letter, subject to die Requirements and Conditions and Exclusions set forth below: <br />WQl1JMEM1LNTS <br />1. The Company issues or is contractually obligated to issue a Policy for Your protection in connection with the Real Estate Transaction; <br />2. You are to be: <br />a. a lender sectored by die Insured Mortgage on the Title to the Land; or <br />b. a purchaser or lessee of the Title to the band; <br />3. The aggregate of all Funds You transmit to the Issuing Agent or Approved Attorney for the Real Estate Transaction does not exceed the amount of the <br />tide insurance policy issued to die party benefited by this letter in connection with the Real Estate Transaction; and <br />4. Your loss is solely caused by: <br />a. a failure of the Issuing Agent or Approved Attorney to comply with Your written closing instructions that relate to: <br />Generated by Old Republic National Title Insurance -- Ref: 967952121 -- ALTA8 - Single Transaction page I /4 <br />