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

This Commitment expires 180 days after the Commitment Date. COMMONWEALTH LAND TITLE INSURANCE COMPANY COMMITMENT NO. 19-LT-0033 SCHEDULE B, PART Il EXCEPTIONS For Information Only: tf the instrument to be insured is a purchase money mortgage covering a 1 to 4 family dwelling and owner's insurance is not desired, written notice declining right to purchase same is required from mortgagor pursuant to statutory requirement. (Notice and Waiver form enclosed) The Policy will not insure against taxes, water rates, assessments and other matters relating to taxes which have not become a lien up to the date of the policy or installments due after the date of the policy. Neither the tax search nor our policy covers any part of the streets on which the premises to be insured abut. This Commitment does not purport to show all the terms and provisions of the mortgage(s) contained herein, if any. Interested parties should communicate with the holder(s) thereof to consider the terms thereof, the obligation(s) secured and the effect of any unrecorded agreements in modification thereof. To the extent applicable, any map/plat being furnished is done so as an aid in locating the herein described Land in relation to adjoining streets, natural boundaries and other land, and is not a survey of the land depicted. Except to the extent a policy of title insurance is expressly modified by endorsement, if any, the Company does not insure dimensions, distances, and location of easements, acreage or other matters shown thereon. This Commitment does not republish any covenant, condition, restriction, or limitation contained in any document referred to in this commitment to the extent that the specific covenant, condition, restriction, or limitation violates state or federal law based on race, color, religion, sex, sexual orientation, gender identity, handicap, familial status, or national origin. The Policy will not insure against loss or damage resulting from the terms and provisions of any lease or easement identified in Schedule A, and will include the following Exceptions unless cleared to the satisfaction of the Company: 1, Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof, but prior to the date the Proposed Insured acquires for value of record the estate

matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof, but prior to the date the Proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. Rights or claims of parties in possession not shown by the Public Records. 3. Notwithstanding any provision of the policy to the contrary, the following matters are expressly excepted from the coverage of the policy, and the Company will not pay loss or damage, costs, attomey's fees or expense that arise by reason of any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the title that would be disclosed by an accurate and complete land survey of the land. 4, Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law, and not shown by the Public Records. & Liability for any additional assessment for reai estate taxes in connection with new construction pursuant to NUJLS.A. 54:4-63.1 et seq. This page ts only 2 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 {-Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. ——- Copyright American Land Title Association. All rights reserved. SERGE The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as - of the date of usa, All other uses ate prohibited. Reprinted under license from the American Land Title Association. = ALTA Commitment for Title Insurance (08/01/2016) Technical Corrections 04-02-2018 Printed: 03.04.19 @ 04:09 PM. NJRB 3-09 (Ravised 7/01/18) Page 6 NJ-CW-FXTD-01080.404974-SPS-1-19-18-1T-0033