43-25 RFP-Responses-Rock Spring Golf Course.pdf

COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT NO. 19-LT-0033 (continued) 6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT (a) Only a Proposed Insured identified In Schedule A, and no other person, may make a claim under this Commitment. (b) Any claim must be based in contract and must be restricted soiely to the terms and provisions of this Commitment. (c) Until the Policy Is issued, this Commitment, as last revised, is the exclusive and entire agreement between the parties with respect to the subject matter of this Commitment and supersedes all prior commitment negotiations, representations, and proposals of any kind, whether written or oral, express or implied, relating to the subject matter of this Commitment. (a) The deletion or modification of any Schedule B, Part II-Exception does not constitute an agreement or obligation to provide coverage beyond the terms and provisions of this Commitment or the Policy. (e) Any amendment or endorsement to this Commitment must be in writing and authenticated by a person authorized by the Company. (f) When the Policy is issued, all lability and obligation under this Commitment will end and the Company's only liability will be under the Policy. 7. IF THIS COMMITMENT HAS BEEN ISSUED BY AN ISSUING AGENT The issuing agent Is the Company's agent only for the limited purpose of issuing title Insurance commitments and policies. ‘The issuing agent is not the Company's agent for the purpose of providing closing or settlement services. 8. PRO-FORMA POLICY The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating the coverage that the Company mey provide. A pro-forma pollcy neither reflects the status of Title at the time that the pro-forma policy Is delivarad to a Proposed Insured, nor Is It a commitment to insure. 9. ARBITRATION The Policy contains an arbitration clause. All arbitrable matters when the Proposed Policy Amount is Two Million And No/100 Dollars ($2,000,000.00) or less shall ba arbitrated at the option of elther the Company or the Proposed Insured as the exclusive remedy of the parties. A Proposed insured may review a copy of the arbitration rules at htto://mww.alta.ora/arbitration. END OF CONDITIONS This page is only a part of a 2016 ALTA® Commitment for Title insurance issued by Commonwealth Land Title Insurance Company. This Commitment is not

htto://mww.alta.ora/arbitration. END OF CONDITIONS This page is only a part of a 2016 ALTA® Commitment for Title insurance issued by Commonwealth Land Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part |-Requirements; Schedule B, Part ll-Excepiions; and @ counter-signatura by the Company or its issuing agant that may be in electronic form. Copyright American Land Title Association. All rights reserved, TITLE ‘The use of this Form {or any derivative theraof) is restricted to ALTA licensees and ALTA members in good standing as - of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. = ALTA Commitment for Title Insurance (06/01/2018) Technical Corrections (4-02-2018 Printed: 03.04.19 @ 04:09 PM NURB 3-09 (Revised 7/01/18) Page 9 NJ-CW-FXTD-01080.404974-SPS-1-19-19-1 T-0033

Title #: 19-LT-0033 Order #: MT-042-6600005 ore M244 NEW JERSEY TAX & ASSESSMENT SEARCH ADatalrace Company For: LAND TITLE AGENCY INC BLOCK : 160.01 ASSESSED OWNER =: MONTCLAIR GOLF CLUB LOT 230 BILLING ADDRESS : 25 PROSPECT AVENUE WEST ORANGE, NJ 07052 QUAL : LOT ADDRESS + WALKER ROAD XLOE : ESSEX : WEST ORANGE TWP (973) 325-4075 (MUNI CODE: 0722) 66 MAIN STREET WEST ORANGE NJ 07052 INFORMATION : C.0. REQUIRED ON NEW CONSTRUCTION (FOR RESALE) SMORE DETECTOR INSPECTION REQUIRED AS PER NJAC 5:70-4.19 CALL (973) 325-4175 FOR INSPECTION INSPECTION FEE 30.00 ASSESSOR'S CODE : 4A - COMMERCIAL — (Nor 70 BE USED FOR DETERMINING NJ MANSION TAX) APX. LOT SIZE ? 20.715 ac ASSESSED VALUES : LAND : $1,210,000 IMP. : $500,000 ‘or. : $1,710,000 TAX RATE : $4,038 PER $100 OF ASSESSED VALUE TAX EXEMPTIONS : NONE 2018 TAXES : $69,049.80 PAID IN FULL -2019 - DUE DATE: QTR1 - 02/01 : $17,262.00 PAID QER2 - 05/01 : $17,262.00 OPEN QTR3 - 08/01 : TO BE DETERMINED QUR4 - 11/01 : TO BE DETERMINED ~2020 - DUE DATE: QER1 - 02/01 : TO BE DETERMINED orR2 - 05/01 : TO BE DETERMINED ADDED ASSESSMENTS : NONE WATER ACCOUNT # : PRIVATE - NJ AMERICAN WATER CO. 131 WOODCREST ROAD CHERRY HILL,NJ 08034 800-652-6987 SEWER ACCOUNT # : WEST ORANGE TOWNSHIP 66 MAIN STREET WEST ORANGE,NJ 07052 973-325-4075 SEE BLOCK 160 LOT 10 CONFIRMED ASSESSMENTS : NONE LIENS : NONE Certificate as to current status of pending (unconfirmed) assessments: ORDINANCE #: NONE TYPE OF IMPROVEMENT: Charles Jones LLC guarantees that the above information accurately reflects the contents of the public record as of 02/12/2019 ORIGINAL FEE: 30.00 CONTIN PEE: 0.00 TOTAL: $30.00 R24 Phone (800) 477-8288 ™ Fax (800) 677-3272 ™ P.O. Box 8488, Trenton, NJ 08650-0488 Page 1 of 1

Pitle #: 19-LT-0033 Order #: MT-042-6600002 onrSen M24 NEW JERSEY TAX & ASSESSMENT SEARCH ADatafrace Company For: LAND TITLE AGENCY INC BLOCK : 160.01 ASSESSED OWNER : MONTCLAIR GOLF CLUB LOT 334 BILLING ADDRESS : 25 PROSPECT AVENUE WEST ORANGE, NJ 07052 QUAL : LOT ADDRESS : HILLCREST AVENUE XLOT : ESSEX 3 WEST ORANGE TWP (973) 325-4075 (MUNI CODE: 0722) 66 MAIN STREET WEST ORANGE NZ 07052 INFORMATION : C.0. REQUIRED ON NEW CONSTRUCTION (FOR RESALE) SMOKE DETECTOR INSPECTION REQUIRED AS PER NJAC 5:70-4.19 CALL (973) 325-4175 FOR INSPECTION INSPECTION FEE 30.00 ASSESSOR'S CODE : 1 - VACANT LAND (NOT TO BE USED FOR DETERMINING NJ MANSION TAX) APX. LOT SIZE : 25x100 ASSESSED VALUES : LAND : $15,000 IMP. : $0 TOT. : $15,000 TAX RATE : $4.038 PER $100 OF ASSESSED VALUE TAX EXEMPTIONS : NONE 2018 TAXES : $605.70 PAID IN FULL -2019 - DUE DATE: QTR1 - 02/01 : $151.00 PAID QTR2 - 05/01 : $151.00 OPEN QTR3 - 08/01 : TO BE DETERMINED QrR4 - 11/01 : TO BE DETERMINED -2020 - DUB DATE”: QTR1 - 02/01 : TO BE DETERMINED QTR2 - 05/01 TO BE DETERMINED ADDED ASSESSMENTS : PENDING ADDED/OMITTED ASSESSMENT FROM DATE OF CERTIFICATE OF OCCUPANCY OR ASSESSOR'S INSPECTION OF PROPERTY WATER ACCOUNT # : UNIMPROVED. IF PREMISES IS IMPROVED UTILITY CHARGES ARE A LIEN. SEWER ACCOUNT # : UNIMPROVED. IF PREMISES IS IMPROVED UTILITY CHARGES ARE A LIEN. CONFIRMED ASSESSMENTS : NONE LIENS : NONE Certificate as to current status of pending (unconfirmed) assessments: ORDINANCE #: NONE TYPE OF IMPROVEMENT: Charles Jones LLC guarantees that the above information accurately reflects the contents of the public record as of 02/12/2019 ORIGINAL FEE: 30.00 CONTIN FEE: 0.00 TOTAL: $30.00 eet Phone (800) 477-8288 ™ Fax (800) 677-3272 ™ P.O. Box 8488, Trenton, Nj 08650-0488 Page 1 of 1

Title #: 19-LT-0033 Order #: MT-042-6600013 orton M2207 NEW JERSEY TAX &@ ASSESSMENT SEARCH ‘ADatatrace Company For: LAND TITLE AGENCY INC BLOCK : 160 ASSESSED OWNER : MONTCLAIR GOLF CLUB LoT 210 BILLING ADDRESS : 25 PROSPECT AVENUE WEST ORANGE, NJ 07052 QUAL: LOT ADDRESS : ROCK SPRING ROAD XLOT: ESSEX : WEST ORANGE TWP (973) 325-4075 (MUNI CODE: 0722) 66 MAIN STREET WEST ORANGE NJ 07052 INFORMATION : C.0. REQUIRED ON NEW CONSTRUCTION (POR RESALE) SMORE DETECTOR INSPECTION REQUIRED AS PER NJAC 5:70~4.19 CALL (973) 325-4175 FOR INSPECTION INSPECTION FEE 30.00 ASSESSOR'S CODE : 4A - COMMERCIAL (NOT TO BE USED FOR DETERMINING NJ MANSION TAX) APX. LOT SIZE 7 114.94 Ac ASSESSED VALUES : LAND : $10,124,600 IMP. : $2,467,400 TOT. : $12,592,000 TAX RATE : $4,038 PER $100 OF ASSESSED VALUE TAX EXEMPTIONS : NONE 2018 TAXES : $508,464.96 PAID IN FULL ~2019 ~ DUE DATE : QrRi ~ 02/01 : $127,116.00 PAID QTR2 ~ 05/01 + $127,116.00 OPEN QeR3 - 08/01 : TO BE DETERMINED QrrR4 ~ 11/01 : TO BE DETERMINED “2020 - DUE DATE : QTRl - 02/01 : TO BE DETERMINED QTR2 - 05/01 : TO BE DETERMINED ADDED ASSESSMENTS : NONE WATER ACCOUNT # : PRIVATE - NJ AMERICAN WATER CO. 131 WOODCREST ROAD CHERRY HILL,NJ 08034 800-652-6987 SEWER ACCOUNT # : SEE ADDENDUM CONFIRMED ASSESSMENTS : NONE LIENS ; NONE Certificate as to current status of pending (unconfirmed) assessments: ORDINANCE #: NONE TYPE OF IMPROVEMENT: Charles Jones LLC guarantees that the above information accurately reflects the contents of the public record as of 02/12/2019 ORIGINAL FEE: 30.00 CONTIN FRE: 0.00 TOTAL: $30.00 va Phone (800) 477-8288 ™ Fax (800) 677-3272 ™ P.O. Box 8488, Trenton, Nj 08650-0488 Page 1 of 2

Title #: 19-LT-0033 Order #: MT-042-6600013 Ou ” ta Ua NEW JERSEY TAX & ASSESSMENT SEARCH A DataTrace Company For: LAND TITLE AGENCY INC BLOCK : 160 ASSESSED OWNER : MONTCLAIR GOLF CLUB LoT 210 BILLING ADDRESS : 25 PROSPECT AVENUE WEST ORANGE, NJ 07052 QUAL =: LOT ADDRESS : ROCK SPRING ROAD XLOT : ESSEX 3? WEST ORANGE TWP (973) 325-4075 (MUNI CODE: 0722) 66 MAIN STREET WEST ORANGE NJ 07052 SEWER ACCOUNT # : WEST ORANGE TOWNSHIP 66 MAIN STREET WEST ORANGE,NJ 07052 973-325-4075 01/01/2018 - 12/31/2018 $4,900.00 PAID; SEWER CHARGES ARE BASED ON PRIOR WATER CONSUMPTION. SUBJECT TO FINAL READING. ADDITIONAL UTILITY ACCOUNTS MAY EXIST; PLEASE HAVE SELLER PROVIDE EVIDENCE OF ALL SERVICE AT CLOSING. Charles Jones LLC guarantees that the above information accurately reflects the contents of the public record as of 02/12/2013 ORIGINAL FEE: 30.00 CONTIN FEE: 0.00 TOTAL: $30.00 Suz Phone (800) 477-8288 ™ Fax (800) 677-3272 ™ P.O. Box 8488, Trenton, NJ 08650-0488 Page 2 of 2

Title #: 19-LT-0033 Order #: MT-042-6600012 onder near NEW JERSEY TAX & ASSESSMENT SEARCH ADatafrace Company For: LAND TITLE AGENCY INC BLOCK : 160 ASSESSED OWNER : MONTCLAIR GOLF CLUB LOT :2 BILLING ADDRESS ; 25 PROSPECT AVENUE WEST ORANGE, NJ 07052 QUAL : LOT ADDRESS : WEST ROAD XLOT : ESSEX + WEST ORANGE TWP (973) 325-4075 {MUNI CODE: 0722) 66 MAIN STREET WEST ORANGE No 07052 : INFORMATION : C.0. REQUIRED ON NEW CONSTRUCTION (FOR RESALE) SMOKE DETECTOR INSPECTION REQUIRED AS PER NJAC 5:70-4.19 CALL (973) 325-4175 FOR INSPECTION INSPECTION FEE 30.00 ASSESSOR'S CODE : 4A - COMMERCIAL (NOT TO BE USED FOR DETERMINING NJ MANSION TAX) APX. LOT SIZE : 70X150 ASSESSED VALUES : LAND : $1,000 IMP. : $0 TOT. : $1,000 TAX RATE : $4,038 PER $100 OF ASSESSED VALUE TAK EXEMPTIONS : NONE 2018 TAXES : $40.38 PAID IN FULL +2019 - DUE DATE 3 QTRI - 02/01 : $10.00 PAID QTR2 - 05/01 3 $10.00 OPEN QTR3 - 08/01 : TO BE DETERMINED grr4 - 11/01 : TO BE DETERMINED -2020 - DUE DATE : QTR1 - 02/01 : TO BE DETERMINED QTR2 - 05/01 : TO BE DETERMINED ADDED ASSESSMENTS : PENDING ADDED/OMITTED IF PREMISES IS IMPROVED WATER ACCOUNT # : UNIMPROVED. IF PREMISES IS IMPROVED UTILITY CHARGES ARE A LIEN. SEWER ACCOUNT # : UNIMPROVED. IF PREMISES IS IMPROVED UTILITY CHARGES ARE A LIEN. CONFIRMED ASSESSMENTS : NONE LIENS : NONE Certificate as to current status of pending (unconfirmed) assessments: ORDINANCE #: NONE TYPE OF IMPROVEMENT: Charles Jones LLC guarantees that the above information accurately reflects the contents of - the public record as of 02/12/2019 ORIGINAL FEE: 30.00 CONTIN FEE: 0.00 ‘TOTAL: $30.00 Ba.24 Phone (800) 477-8288 ™ Fax (800) 677-3272 ™ P.O, Box 8488, Trenton, NJ 08650-0488 Page 1 of 1

Title #: 19-LT-0033 Order #: MT-042-6600009 aren NEW JERSEY TAX & ASSESSMENT SEARCH A Datatrace Company For: LAND TITLE AGENCY INC BLOCK : 46.01 ASSESSED OWNER : MONTCLAIR GOLF CLUB LOT =: 22 BILLING ADDRESS : 25 PROSPECT AVENUE WEST ORANGE, NJ 07052 QUAL : LOT ADDRESS : UNDERCLIFF TERRACE SOUTH XLOT = ESSEX 1 WEST ORANGE TWP (973) 325-4075 (MUNI CODE: 0722) 66 MAIN STREET WEST ORANGE NJ 07052 INFORMATION : C.0. REQUIRED ON NEW CONSTRUCTION (FOR RESALE) SMOKE DETECTOR INSPECTION REQUIRED AS PER NJAC 5:70-4.19 CALL (973) 325-4175 FOR INSPECTION INSPECTION PEE 30.00 ASSESSOR'S CODE : 1 - VACANT LAND — (No? TO BE USED POR DETERMINING NJ MANSION TAX) APX. LOT SIZE : 1.986AC ASSESSED VALUES : LAND : $182,000 IMP. : $0 TOT. : $182,000 TAX RATE : $4,038 PER $100 OF ASSESSED VALUE TAX EXEMPTIONS : NONE 2018 TAXES : $7,349.16 PAID IN FULL -2019 - DUE DATE: QTRI - 02/01 : $1,837.00 PAID QTR2 - 05/01 : $1,837.00 OPEN QTR3 - 08/01 : TO BE DETERMINED QTR4 - 11/01 : TO BE DETERMINED -2020 - DUE DATE; QTRI - 02/01 : TO BE DETERMINED QTR2 - 05/01 : TO BE DETERMINED ADDED ASSESSMENTS : PENDING ADDED/OMITTED ASSESSMENT FROM DATE OF CERTIFICATE OF OCCUPANCY OR ASSESSOR'S INSPECTION OF PROPERTY WATER ACCOUNT # : UNIMPROVED. IF PREMISES IS IMPROVED UTILITY CHARGES ARE A LIEN. SEWER ACCOUNT # : UNIMPROVED. IF PREMISES IS IMPROVED UTILITY CHARGES ARE A LIEN. CONFIRMED ASSESSMENTS : NONE LIENS : NONE Certificate as to current status of pending (unconfirmed) assessments: ORDINANCE #: NONE TYPE OF IMPROVEMENT: Charles Jones LLC guarantees that the above information accurately reflects the contents of the publie record as of 02/12/2019 ORIGINAL FEE: 30.00 CONTIN FEE: 0.00 TOTAL: $30.00 G3.2t Phone (800) 477-8288 ™ Fax (800) 677-3272 ™ P.O. Box 8488, Trenton, Nj 08650-0488 Page 1 of 1

PATRIOT SEARCH UNITED STATES PATRIOT NAME SEARCH U.S. Department of the Treasury FIDELITY NATIONAL TITLE INSURANCE COMPANY ORDER NUMBER: 4001447 464 Valley Brook Ave. REPORT CONTROL NO: 4472337 Lyndhurst, Nd 07071 REPORT RUN: 02/15/2019 FEE: $ 2.00 REFERENCE: 19-LT-0033 TAX: $ 0.00 TOTAL: $ 2.00 THE STATE CAPITAL TITLE & ABSTRACT CO. hereby certifies to FIDELITY NATIONAL TITLE INSURANCE COMPANY that it has searched the Foreign Sanctions Evaders, Specially Designated Nationals and Blocked Persons lists maintained by the United States Department of the Treasury, Office of Foreign Assets Control and finds in the record the following: NAME SEARCHED: MONTCLAIR GOLF CLUB (ENTITY) THROUGH : 02/12/2019 SEARCH FOR ABOVE NAME HAS COME BACK CLEAR PLEASE NOTE: PURSUANT TO SANCTIONS IMPOSED BY THE U.S. DEPARTMENT OF TREASURY, NO U.S. PERSON MAY DEAL WITH ANY LIBYAN OR IRAQI GOVERNMENT OFFICIAL WHETHER OR NOT THEIR NAME APPEARS ON THE SPECIALLY DESIGNATED NATIONALS LIST. THE STATE CAPITAL TITLE & ABSTRACT Co. P.O. BOX 1477, TRENTON, NJ 08607 (800) 876-8994 www.statecapital.net

JUDGMENT SEARCH THE STATE CAPITAL TITLE & ABSTRACT CO. SUPERIOR COURT OF NEW JERSEY US DISTRICT COURT OF NJ HEREBY CERTIFIES TO US BANKRUPTCY COURT OF NU REF: 19-LT-0033 PIDELITY NATIONAL TITLE INSURANCE COMPANY 464 VALLEY BROOK AVE. LYNDHURST, NI 07071 THAT IT HAS SEARCHED THE INDEX OF THE CIVIL JUDGMENT AND ORDER DOCKET OF THE SUPERIOR COURT OF NEW JERSEY AND THE INDICES OF THE UNITED STATES DISTRICT COURT AND UNITED STATES BANKRUPTCY COURT, DISTRICT OF NEW JERSEY, AND FINDS THERE TO BE NO JUDGMENT OR OTHER DOCKETED RECORD REFERRED TO WITHIN THE AFORESAID COURT INDICES, CONSTITUTING A GENERAL LIEN ON REAL PROPERTY IN NEW JERSEY, WHICH REMAINS UNSATISFIED OF RECORD, NOR DOES IT FIND ANY CERCLA LIEN ON SPECIFIC REAL PROPERTY WITHIN NEW JERSEY, NOR ANY PETITION COMMENCING PROCEEDINGS IN A BANKRUPTCY ACTION, AGAINST THE NAMES SEARCHED, ENTERED OR FILED DURING THE PERIOD SEARCHED, EXCEPT AS FOLLOWS: FROM TO MONTCLAIR GOLF CLUB 02-12-1999 02-12-2019 (ENTITY) *e* CLEAR **# DATED: 02/12/2019 TIME: 12:45 PM FEE: § 7.50 The State Capital Title & Abstract Co. TAK: $ 0.00 P.O. Box 1477 . TOTAL: $ 7.50 Trenton, NJ 08607 {800) 876-8994 046 4001447 4472339 www. statecapital net