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HomeMy WebLinkAbout20060702.tiff Jr" Land Title Guarantee Company CUSTOMER DISTRIBUTION And Tide 411ARANTEE CUMPANT Date: 09-30-2004 • DOur Order Number: FC25042991-3 Property Address: VACANT LAND LONGMONT, CO 80504 If you have any inquiries or require further assistance,please contact one of the numbers below: For Title Assistance: For Closing Assistance: Ft. Collins "FC"Unit Claire Riley Wendy Bell 6041 S. SYRACUSE WAY#100 772 WIIM ERS WAY#100 ENGLEWOOD, CO 80111 FORT COLLINS, CO 80525 Phone: 303-740-6293 Phone: 970-282-3649 Fax: 303-740-8514 Fax: 970-282-3652 EMail: criley@ltgc.com EMail: wbell@ltgc.com CARMA COLORADO 5198 WELD COUNTY ROAD 28 9110 E NICHOLS AVE#180 LONGMONT,CO 80504 ENGLEWOOD,CO 80112 Copies: I Ann: CAROLE DODERO Sent Via US Postal Service Phone: 303-790-6591 Fax: 303-706-9453 Copies: 1 EMail: cdodero@carma.ca Sent Via Federal Express LAND TITLE GUARANTEE COMPANY JOHNSON&REPUCCI LLP 6041 S.SYRACUSE WAY#100 2521 BROADWAY,SUITE A ENGLEWOOD, CO 80111 BOULDER,COLORADO 80304 Ann: Claire Riley Ann: MICHAEL J. REPUCCI,ESQ. Phone: 303-740-6293 Phone: 303-442-1900 Fax: 303-740-8514 Fax: 303-442-0191 EMail:criley@ltgc.com Copies: I EMail: hrsmith@j-rlaw.com Sent Via EMail GREENBERG TRAURIG LLP CARROLL&LANGE, INC 1200 17TH STREET,SUITE 2400 165 S UNION BLVD DENVER,CO 80202 SUITE 156 Ann: KEIGH M.POCKROSS,ESQ LAKEWOOD, CO 80228 Phone: 303-572-6516 Ann: BILL HESSELBACH Fax: 303-572-6540 Phone: 303-980-0200 Copies: 1 Fax: 303-980-0917 Sent Via ProCare EMail: whasselbach@carroll-lange.com 2006-0702 Jr, Land Title Guarantee Company +' Date: 09-30-2004 LandWARANU Title Our Order Number: FC25042991-3 4llARANT[C CWAYANY Property Address: VACANT LAND LONGMONT, CO 80504 Buyer/Borrower: CARMA COLORADO, INC., A NEVADA CORPORATION Seller/Owner: GERALD D. HAMLIN AND KATHRYN J. HAMLIN Wire Information: Bank:FIRSTBANX OF COLORADO 10403 W COLFAX AVENUE LAKEWOOD, CO 80215 Phone:303-237-5000 Credit:LAND TITLE GUARANTEE COMPANY ABA No.:107005047 Account 2160521825 Attention: Claire Riley Note: Once an original commitment has been issued, any subsequent modifications will be emphasized by underlining or conunents. ****************************************************************** Need a map or directions for your upcoming closing? Check out Land Title's web site at www.ltgc.com for directions to any of our 54 office locations. ESTIMATE OF TITLE FEES Alta Owners Policy 10-17-92(Reissue Rate) $4,319. 00 Deletion of Standard Exception(s) (Owner) $100.00 Tax Report $20. 00 If Land Title Guarantee Company will be closing this transaction, above fees will be collected at that time. TOTAL $4,434.00 Vora MITACT 04/04 THANK YOU FOR YOUR ORDER! Old Republic National Title Insurance Company ALTA COMMITMENT Our Order No. FC25042991-3 Schedule A Cust. Ref.: Property Address: VACANT LAND LONGMONT, CO 80504 1. Effective Date: September 27, 2004 at 5:00 P.M. 2. Policy to be Issued, and Proposed Insured: "ALTA" Owner's Policy 10-17-92 $2,610,000.00 Proposed Insured: CARMA COLORADO, INC., A NEVADA CORPORATION 3. The estate or interest in the land described or referred to in this Commitment and covered herein is: A Fee Simple 4. Title to the estate or interest covered herein is at the effective date hereof vested in: GERALD D. HAMLIN AND KATHRYN J. HAMLIN 5. The land referred to in this Commitment is described as follows: LOT B OF AMENDED RECORDED EXEMPTION NO. 1207-36-2-RE1140, AS PER THE MAP RECORDED OCTOBER 22, 1992 AT RECEPTION NO. 2307900, BEING PART OF THE NORTHWEST 1/4 OF SECTION 36, TOWNSHIP 3 NORTH, RANGE 68 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO. ALTA COMMITMENT Schedule B-1 (Requirements) Our Order No. FC25042991-3 The following are the requirements to be complied with: Payment to or for the account of the grantors or mortgagors of the full consideration for the estate or interest to be insured. Proper instrument(s) creating the estate or interest to be insured must be executed and duly filed for record, to-wit: 1. RELEASE OF DEED OF TRUST DATED FEBRUARY 11, 2002 FROM GERALD D. HAMLIN AND KATHRYN J. HAMLIN TO THE PUBLIC TRUSTEE OF WELD COUNTY FOR THE USE OF FIRST NATIONAL BANK OF LONGMONT TO SECURE THE SUM OF$375,000.00 RECORDED FEBRUARY 15, 2002, UNDER RECEPTION NO. 2925713. 2. RELEASE OF DEED OF TRUST DATED AUGUST 14,2003 FROM GERALD D. HAMLIN AND KATHRYN J. HAMLIN TO THE PUBLIC TRUSTEE OF WELD COUNTY FOR THE USE OF BANK OF AMERICA, N.A. TO SECURE THE SUM OF$152,261.00 RECORDED AUGUST 28, 2003, UNDER RECEPTION NO. 3100960. r RELEASE OF DEED OF TRUST DATED FEBRUARY 16, 2004 FROM GERALD D. HAMLIN AND KATHRYN J. HAMLIN TO THE PUBLIC TRUSTEE OF WELD COUNTY FOR THE USE OF FIRST MAINSTREET BANK, NATIONAL ASSOCIATION TO SECURE THE SUM OF $20,100.00 RECORDED FEBRUARY 24, 2004, UNDER RECEPTION NO. 3156718. NOTE: A REQUEST SHOULD BE MADE FOR THE REVOLVING LINE OF CREDIT SECURED BY SAID DEED OF TRUST TO BE FROZEN WHEN A PAYOFF STATEMENT IS ISSUED BY THE BENEFICIARY. 4. WARRANTY DEED FROM GERALD D. HAMLIN AND KATHRYN J. HAMLIN TO CARMA COLORADO, INC., A NEVADA CORPORATION CONVEYING SUBJECT PROPERTY. 5. (ITEM INTENTIONALLY DELETED) NOTE: ITEMS 1-3 OF THE STANDARD EXCEPTIONS WILL BE DELETED. MATTERS DISCLOSED ON SURVEY HAVE BEEN ADDED TO SCHEDULE B-2 HEREOF. UPON THE APPROVAL OF THE COMPANY AND THE RECEIPT OF A NOTARIZED FINAL LIEN AFFIDAVIT, ITEM NO. 4 OF THE STANDARD EXCEPTIONS WILL BE AMENDED AS FOLLOWS: ITEM NO. 4 OF THE STANDARD EXCEPTIONS IS DELETED AS TO ANY LIENS OR FUTURE LIENS RESULTING FROM WORK OR MATERIAL FURNISHED AT THE REQUEST OF GERALD ALTA COMMITMENT Schedule B-1 (Requirements) Our Order No. FC25042991-3 Continued: D. HAMLIN AND KATHRYN I. HAMLIN. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY SHALL HAVE NO LIABILITY FOR ANY LIENS ARISING FROM WORK OR MATERIAL FURNISHED AT THE REQUEST OF CARMA COLORADO, INC., A NEVADA CORPORATION. NOTE:ITEM 5 OF THE STANDARD EXCEPTIONS WILL BE DELETED IF LAND TITLE GUARANTEE COMPANY CONDUCTS THE CLOSING OF THE CONTEMPLATED TRANSACTION(S) AND RECORDS THE DOCUMENTS IN CONNECTION THEREWITH. NOTE: UPON PROOF OF PAYMENT OF 2003 TAXES, ITEM 7 UNDER SCHEDULE B-2 WILL BE DELETED AND ITEM 6 WILL BE AMENDED TO READ: TAXES AND ASSESSMENTS FOR THE YEAR 2004 AND SUBSEQUENT YEARS. ITEM 8 UNDER SCHEDULE B-2 WILL BE DELETED UPON PROOF THAT THE WATER AND SEWER CHARGES ARE PAID UP TO DATE. �. ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042991-3 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements, not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 5. 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 of record for value the estate or interest or mortgage thereon covered by this Commitment. 6. Taxes and assessments not yet due or payable and special assessments not yet certified to the Treasurer's office. 7. Any unpaid taxes or assessments against said land. Liens for unpaid water and sewer charges, if any. 9. RIGHT OF WAY FOR COUNTY ROADS 30 FEET ON EITHER SIDE OF SECTION AND TOWNSHIP LINES, AS ESTABLISHED BY THE BOARD OF COUNTY COMMISSIONERS FOR WELD COUNTY, RECORDED OCTOBER 14, 1889 IN BOOK 86 AT PAGE 273. NOTE: ALTA SURVEY PREPARED BY CARROLL&LANGE SHOWS WELD COUNTY ROAD 28 ON THE NORTHERLY PROPERTY LINE 10. ALL RIGHTS TO ANY AND ALL MINERALS, ORES, AND METALS OF EVERY KIND AND CHARACTER AND ALL COAL, ASPHALTUM, OIL AND OTHER LIKE SUBSTANCES IN OR UNDER SAID LAND AND THE RIGHT OF INGRESS AND EGRESS FOR THE PURPOSE OF MINING TOGETHER WITH ENOUGH OF THE SURFACE OF SAME AS MAY BE NECESSARY FOR THE PROPER AND CONVENIENT WORKING OF SUCH MINERALS AND SUBSTANCES AS RESERVED IN PATENTS RECORDED IN BOOK 512 AT PAGE 29 AND IN BOOK 1015 AT PAGE 406. 11. RIGHT OF WAY EASEMENT AS GRANTED TO THE BOARD OF COUNTY COMMISSIONERS, WELD COUNTY IN INSTRUMENT RECORDED MARCH 17, 1909, IN BOOK 296 AT PAGE 149. UNRECORDED OIL AND GAS LEASE BETWEEN STATE OF COLORADO AND GEN OIL INC., AND ANY AND ALL ASSIGNMENTS THEREOF, OR INTEREST THEREIN. ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042991-3 The policy or policies to be issued will contain exceptions tg the following unless the same are disposed of to the satisfaction of the Company: NOTE: TERMS, CONDITIONS AND PROVISIONS OF POOLING AGREEMENT RECORDED JUNE I, 1973 AT RECEPTION NO. 1614444. NOTE: TERMS, CONDITIONS AND PROVISIONS OF AFFIDAVIT OF EXTENSION OF LEASE TERM BY PRODUCTION RECORDED OCTOBER 10, 1974 AT RECEPTION NO. 1646466. 13. RIGHT OF WAY EASEMENT AS GRANTED TO PANHANDLE EASTERN PIPELINE COMPANY IN INSTRUMENT RECORDED MAY 21, 1975, UNDER RECEPTION NO. 1660904. 14. TERMS, CONDITIONS AND PROVISIONS OF INCLUSION AGREEMENT RECORDED MAY 09, 1990 AT RECEPTION NO. 2213261. r-- TERMS, CONDITIONS AND PROVISIONS OF GRANT OF PERMANENT EASEMENT RECORDED APRIL 23, 1993 AT RECEPTION NO. 2330175. 16. RIGHT OF WAY EASEMENT AS GRANTED TO K N GAS GATHERING, INC IN INSTRUMENT RECORDED OCTOBER 09, 1997, UNDER RECEPTION NO. 2573472. 17. TERMS, CONDITIONS AND PROVISIONS OF NON-EXCLUSIVE UTILITY EASEMENT AGREEMENT RECORDED MARCH 29, 2001 AT RECEPTION NO. 2836232. 18. TERMS, CONDITIONS AND PROVISIONS OF REQUEST FOR NOTIFICATION RECORDED NOVEMBER 06, 2001 AT RECEPTION NO. 2898341. 19. TERMS, CONDITIONS AND PROVISIONS OF NOTICE OF EASEMENT AGREEMENT RECORDED APRIL 04, 2002 AT RECEPTION NO. 2939929. 20. EASEMENTS, CONDITIONS, COVENANTS, RESTRICTIONS, RESERVATIONS AND NOTES ON THE RECORDED EXEMPTION PLATS OF RE1140. 3 EXISTING LEASES AND TENANCIES, IF ANY. ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042991-3 The policy or policies to.be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: NOTE: UPON RECEIPT OF A FINAL AFFIDAVIT OF SELLER LISTING LEASES OR TENANCIES AT THE TIME OF CLOSING ABOVE EXCEPTION 17 WILL BE REVISED. 22. FENCES NOT FOLLOWING EASTERLY AND WESTERLY PROPERTY LINES, INTERNAL DIRT ROADS, MANHOLE COVER OUTSIDE OF EASEMENT IN THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER , AND RIGHT OF WAY FOR SAINT VRAIN CREEK IN THE SOUTHEAST QUARTER OF THE NORTHEAST QUARTER AS SHOWN ON ALTA SURVEY DATED MAY 24, 2004 PREPARED BY CARROLL&LANGE THEIR JOB NO. 3075. NOTE: THE FOLLOWING NOTICES PURSUANT TO CRS 9-1.5-103 CONCERNING UNDERGROUND FACILITIES HAVE BEEN FILED WITH THE CLERK AND RECORDER. THESE STATEMENTS ARE GENERAL AND DO NOT NECESSARILY GIVE NOTICE OF UNDERGROUND FACILITIES WITHIN THE SUBJECT PROPERTY: (A) MOUNTAIN BELL TELEPHONE COMPANY, RECORDED OCTOBER I, 1981 IN BOOK 949 AT RECEPTION NO. 1870705. (B) ASSOCIATED NATURAL GAS, INC., RECORDED JULY 20, 1984 IN BOOK 1037 AT RECEPTION NO. 1974810 AND RECORDED OCTOBER 1, 1984 IN BOOK 1045 AT RECEPTION NO. 1983584 AND RECORDED MARCH 3, 1988 IN BOOK 1187 AT RECEPTION NO. 2132709 AND RECORDED APRIL 10, 1989 IN BOOK 1229 AT RECEPTION NO. 2175917. (C) PANHANDLE EASTERN PIPE LINE COMPANY, RECORDED OCTOBER 1, 1981 IN BOOK 949 AT RECEPTION NO. 1870756 AND RECORDED JUNE 26, 1986 IN BOOK 1117 AT RECEPTION NO. 2058722. (D) COLORADO INTERSTATE GAS COMPANY, RECORDED AUGUST 31, 1984 IN BOOK 1041 AT RECEPTION NO. 1979784. (E) WESTERN GAS SUPPLY COMPANY, RECORDED APRIL 2, 1985 IN BOOK 1063 AT RECEPTION NO. 2004300. (F) ST. VRAIN SANITATION DISTRICT, RECORDED DECEMBER 14, 1988 AT RECEPTION NO. 2164975. (G) UNITED POWER, INC., RECORDEDJANUARY 24, 1991 AT RECEPTION NO. 2239296. r LAND TITLE GUARANTEE COMPANY DISCLOSURE STATEMENTS Note: Pursuant to CRS 10-11-122, notice is hereby given that: A) The subject real property may be located in a special taxing district. B) A Certificate.of Taxes Due listing each taxing jurisdiction may be obtained from-the County Treasurer's authorized agent. C) The information regarding special districts and the boundaries of such districts may be obtained from the Board of County Commissioners, the County Clerk and Recorder, or the County Assessor. Note: Effective September 1, 1997, CRS 30-10-406 requires that all documents received for recording or filing in the clerk and recorder's office shall contain a top margin of at least one inch and a left, right and bottom margin of at least one half of an inch. The clerk and recorder may refuse to record or file any document that does not conform, except that, the requirement for the top margin shall not apply to documents using forms on which space is provided for recording or filing information at the top margin of the document. Note: Colorado Division of Insurance Regulations 3-5-1, Paragraph C of Article VII requires that "Every title entity shall be responsible for all matters which appear of record prior to the time of recording whenever the title entity conducts the closing and is responsible for recording or filing of legal documents resulting from the transaction which was closed". Provided that Land Title Guarantee Company conducts the closing of the insured transaction and is responsible for recording the legal documents from the transaction, exception number 5 will not appear on the Owner's Title Policy and the Lenders Policy when issued. Note: Affirmative mechanic's lien protection for the Owner may be available(typically by deletion of Exception no. 4 of Schedule B, Section 2 of the Commitment from the Owner's Policy to be issued)upon compliance with the following conditions: A)The land described in Schedule A of this commitment must be a single family residence which includes a condominium or townhouse unit. B) No labor or materials have been furnished by mechanics or material-men for purposes of construction on the land described in Schedule A of this Commitment within the past 6 months. C)The Company must receive an appropriate affidavit indenmifying the Company against un-filed mechanic's and material-men's liens. D)The Company must receive payment of the appropriate premium. E) If there has been construction, improvements or major repairs undertaken on the property to be purchased within six months prior to the Date of the Commitment, the requirements to obtain coverage for unrecorded liens will include: disclosure of certain construction information; financial information as to the seller, the builder and or the contractor; payment of the appropriate premium fully executed Indemnity Agreements satisfactory to the company, and, any additional requirements as may be necessary after an examination of the aforesaid information by the Company. No coverage will be given under any circumstances for labor or material for which the insured has contracted for or agreed to pay. Note: Pursuant to CRS 10-11-123,notice is hereby given: This notice applies to owner's policy commitments containing a mineral severance instrument exception, or exceptions, in Schedule B, Section 2. A) That there is recorded evidence that a mineral estate has been severed, leased, or otherwise conveyed from the surface estate and that there is a substantial likelihood that a third party holds some or all interest in oil, gas, other minerals, or geothermal energy in the property; and ^ B) That such mineral estate may include the right to enter and use the property without the surface owner's permission. Nothing herein contained will be deemed to obligate the company to provide any of the coverages referred to herein unless the above conditions are fully satisfied. Form DISCLOSURE 09/01/02 JOINT NOTICE OF PRIVACY POLICY OF LAND TITLE GUARANTEE COMPANY AND LAND TITLE INSURANCE CORPORATION AND OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Title V of the Gramm-Leach-Bliley Act(GLBA)generally prohibits any financial institution, directly or through its affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party unless the institution provides you with a notice of its privacy policies and practices, such as the type of information that it collects about you and the categories of persons or entities to whom it may be disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of Land Title Guarantee Company and Land Title Insurance Corporation and Old Republic National Title Insurance Company. We may collect nonpublic personal information about you from the following sources: Information we receive from you such as on applications or other forms. Information about your transactions we secure from our files, or from our affiliates or others. Information we receive from a consumer reporting agency. Information that we receive from others involved in your transaction, such as the real estate agent or lender. Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic personal information will be collected about you. We may disclose any of the above information that we collect about our customers or former customers to our affiliates or to nonaffiliated third parties as permitted by law. We also may disclose this information about our customers or former customers to the following types of nonaffiliated companies that perform marketing services on our behalf or with whom we have joint marketing agreements: * Financial set-vice providers such as companies engaged in banking, consumer finance, securities and insurance. * Non-fmancial companies such as envelope stuffers and other fulfillment service providers. WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. r Form PRIV.POL.ORT • Commitment to Insure ALTA Commitment 1970 Rev. OLD REPUBUC NATIONAL TITLE INSURANCE COMPANY,a Minnesota corporation,herein caled the Company,for a ,bt * * - valuable consideration,hereby conxrits 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 *y * descrThed or referred to n Schedule A,upon payment of the premiums and charges therefor,al subject to the provisions of Schedule A and B and to the Conditions and Stipulations hereof. This Commitment shall be et fective only when the indentity of the proposed Insured and the amount of the policy or * * policies comsitted 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. This Commitment is preliminary to the issuance of such policy or policies of title insurance and all lability and 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 lauh of the Company. CONDITIONS AND STIPULATIONS 1.The term"mortgage',when used herein,shall include deed of trust,trust deed,or other security instrument. 2.1f the proposed Insured has or acquires actual knowledge of any defect,ken,encumbrance,adverse claim or other matter affecting the estate or interest or mortgage thereon covered by this Commitment ether than those shown in Schedule B hereof,and shall fail to disclose such knowledge to the Company in writing,the Company than be relieved from lability 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 shag disclose such knowledge to the Company,or if the Company otherwise acquires actual knowledge of any such defect,ben,encumbrance,adverse claim or other matter,the Company at its option may amend Schedule B of this Comritnevrt accordingly,but such amendment shal not relieve the Company from lability previously incurred pursuant to paragraph 3 of these Conditions and Stipulations. 3.LMbity of the company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of Insured it the form of policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith la)to comply with the requirements hereof or @I to eliminate exceptions shown in Schedule B,or lc)to acquire or create the estate or interest or mortgage thereon covered by this Commitment.In no event shall such lability exceed the amount stated in Schedule A for the policy or policies comritted for and such liability is subject to the insuring provisions and the Conditions and Stipulations and the Exclusions from Coverage of the form of poky or policies committed,for in favor of the proposed Insured which are hereby incorporated by reference and made a pan 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 Com itnent must be based on and are subject to the provisions of this Comsitment. 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: 1.Rights or claims of parties i i possession not shown by the public records. 2.Easements,or claim of easements,not shown by the public records. 3.Discrepancies,conflicts in boundary lines,shortage in area,encroachments,and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. - 4.Any len,or right to a ken,for services,labor or material theretofore or hereafter furnished,imposed by law and not shown by the public records. 5.Defects,lens,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 of record for value the estate or interest or mortgage thereon covered by this Commitment. IN WITNESS WHEREOF,Old Republic National Title Insurance Company has caused its corporate name and seal to be hereunto affued by its duly authorized officers on the date shown in Schedule A,to be valid when countersigned by a validatng officer or other authorized signatory. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY A Stock Company •�Tiit' E•. /-� 400 Second Avenue South -v ovy * * *� }), - _ 61„ Minneapolis,Mbmesota 55401 _ * ( *i ��-���-���---lll�AA0111���YYY��'��lLlaCJc-u' 16121371-1111 =m Xm: Authorized Signature ;��* 40°r) CC.ORT d•pyO• .N+a • ! ��� Property Tax Information Page 1 of 1 Hate �� C.er�ric 3 ' SDepa `rteeaats t1eu8 2,ehl £saarna azna 9 Cna@ac Home > Departments > Treasurer's Office > Tax Search > Tax Search Results > Tax Detail Tax Search Details Information for tax ear: 2004 a able in 2005 Property Information Owner Name: Hamlin Gerald D & Kathryn J Address: 5198 28 CR City: Weld Account Number: R0031993 Parcel Number: 120736000056 Legal Address: e2nw4/nw4nw4 36-3-68 lot b amd rec exempt re-1140 (1.41r) situs: 5198 28 cr weld 00000 Payment Information ^ Total Tax Amount: $2,203.92 Actual Land Value $49,305.00 First Half Amount: $0.00 Actual Improved Value $156,431.00 Second Half Amount: $0.00 Actual Total Value $205,736.00 SR. Exemption: $0.00 Assessed Land Value $14,300.00 Full Amount Paid: $0.00 Assessed Improved Value $14,310.00 Current Balance: $2,203.92 Assessed Total Value $28,610.00 IF any of the following fields are "YES" please contact the Treasurer's Office for more information. Tax Status Tax Liens: No Senior Homestead Exemption: No Prior Taxes Due: No Tax Area 2335 Special Improvement Tax: No Mill Levy 77.033 Database Last Updated at: 02:29 AM on January 14, 2005 Identify Results Page 1 of l Account#: R0031993 Parcel Valuation Parcel#: 120736000056 Owners Name&Address: HAMLIN GERALD D &KATHRYN J Property Address: 5198 WCR 28 Street: 5198 28 CR LONGMONT, CO 80504 City: WELD Business/Complex: - Legal Description E2NW4/NW4NW4 36-3-68 LOT B AMD REC EXEMPT RE-1140 (1.41R)SITUS: 5198 28 CR WELD 00000 Land Value $49,305 Imor. Value $156.431 Land Assessed Value $14,300 I Assessed Value Sai10 Total Value $205,736 Total $28,Assessed Value $28,610 Total Taxes:$2,271.12 Amount Due: $0.00 Tax Area: Bordering County: Township Rance Section Ouart.Sec 03 -68 -36- 0 Said vison Name Blo Icse Lots Land Subtotal: Acres:117.41 Sale Price $200,000 3/25/11ats 992 Deed Tyne Reception # 02282046 11ttu://Inans.meTnr.k rnm/WPhcif,/ mai,4/,...«o..i ___n____ , Identify Results Page 1 of 4 WELD COUNTY ASSESSOR PROPERTY PROFILE Account#: R0031993 Parcel#: 120736000056 Tax Area: 2335 Bordering County: Acres: 117.41 _ Township Range Section Ouart.-Sec. - Subdivison Name Bldck# Lots 03 - 68 -36 -0 Owners Name&Address: Property Address: HAMLIN GERALD D&KATHRYN 1 Street: 5198 28 CR 5198 WCR 28 - City: WELD LONGMONT, CO 80504 Business/Complex: Sale Date Sales Summary Sale Price Deed Type 3/25/1992 $200,000 Reception # 02282046 Legal Description Ii E2NW4/NW4NW4 36-3-68 LOT B AMD REC EXEMPT RE-1140 (1.41R) SITUS: 5198 28 CR WELD 00000 II Land Valuation Summary Land Type Abst Code Unit of Number of Measure Units Actual Value Assessed Agricultural 4147 Acres 1.54 Value Agricultural 4147 Acres 4.83 Agricultural 4147 Acres 1.42 Agricultural 4147 Acres 9.96 Agricultural 4117 Acres 99.66 Land Subtotal: 117.41 $49,305 $14,300 Buildings Valuation Summary Bldg# Property Type Actual Value Assessed 1 Residential Value 2 Out Building 3 Out Building 4 Out Building 5 Out Building 6 Out Building 7 Out Building Improvements Subtotal: $156,431 $14,310 Total Property Value $205,736 $28,610 Building Details Accounts: R0031993 Parcel#: 120736000056 Owners Name&Address: Property Address: HAMLIN GERALD D&KATHRYN J Street 5198 28 CR 5198 WCR 28 City: WELD Ilttnr//Tnnne merrink rnm/Wphc tn/WTa1A/nu+o..1 ......7,.....A_flT rnnnr n nm ' ....., • ...„_- - Identify Results Page 2 of 4 LONGMONT, CO 80504 Buildinq# Property Type 1 Residential Individual Built As Detail Built As: Ranch 1 Story Year Built: 1993 Exterior: Frame Hardboard HVAC: Hot Water Baseboard Interior Finish: Drywall Built As SQ Ft: 1696 #of Baths: 3 Roof Type: #of Bdrms: 3 Roof Cover: Composition Shingle #of Stories: 1 Rooms: 5 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: 1528 Finished SQ Ft: Account#: R0031993 Parcel*: 120736000056 Owners Name&Address: Property Address: HAMLIN GERALD D&KATHRYN J Street: 5198 28 CR 5198 WCR 28 City: WELD LONGMONT, CO 80504 Building* Property Type 2 Out Building Individual Built As Detail Built As: Shed - Utility - Year Built: 1966 Exterior: Pole Frame Metal Siding HVAC: None Interior Finish: Built As SQ Ft: 2880 It of Baths: 0 Roof Type: *of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R0031993 Parcel*: 120736000056 Owners Name&Address: Property Address; HAMLIN GERALD D&KATHRYN I Street: 5198 28 CR 5198 WCR 28 City: WELD LONGMONT, CO 80504 Building* Property Type 3 Out Building Individual Built As Detail Built As: Grain Hopper Year Built: 1966 /" Exterior: Metal HVAC: None Interior Finish: Built As SQ Ft: 1 # of Baths: 0 Roof Type: * of Bdrms: 0 Roof Cover: #of Stories: 0 Identify Results Page 3 of 4 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft Basement: Total SQ Ft: Finished SQ Ft: Account#: R0031993 Parcel#: 120736000056 Owners Name&Address: Property Address: HAMLIN GERALD D&KATHRYN 3 Street: 5198 28 CR 5198 WCR 28 City: WELD LONGMONT,CO 80504 Building* Property Type 4 Out Building Individual Built As Detail Built As: Grain Hopper Year Built: Exterior: Metal 1966 Interior Finish: Built B None Built As SQ Ft: 1 * of Baths: 0 Roof Type: *of Bdrms: 0 Roof Cover: #of Stories: 0 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Flnished SQ Ft: Account#: R0031993 Parcel#: 120736000056 Owners Name&Address: Property Address: HAMLIN GERALD D& KATHRYN 3 Street: 5198 28 CR 5198 WCR 28 City: WELD LONGMONT,CO 80504 Building* Property Type 5 Out Building Individual Built As Detail Built As: Grain Hopper Year Built: Exterior: Metal None Interior Finish: Built N one As SQ Ft: 1 #of Baths: 0 Roof Type: # of Bdrms: 0 Roof Cover: # of Stories: 0 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: r Account#: P0031993 Parcel#: 120736000056 Owners Name&Address: Property Address: HAMLIN GERALD D&KATHRYN Street 5198 28 CR Identify Results Page 4 of 4 5198 WCR 28 City: WELD LONGMONT,CO 80504 Building* Property Type 6 Out Building Individual Built As Detail Built As: _ Shed - Utility Year Built: None Exterior: Pole Frame Metal Siding HVAC: Interior Finish: None #of Baths: As SQ Ft: 360 0 Roof Roof Type: #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement Total SQ Ft: Finished SQ Ft: Account#: R0031993 Parcel#: 120736000056 Owners Name&Address: Property Address: HAMLIN GERALD D&KATHRYN 1 Street:5198 28 CR 5198 WCR 28 City:WELD LONGMONT,CO 80504 Building* Property Type 7 Out Building Individual Built As Detail Built As: Farm Silo Conc Stave Year Built: Exterior: HVA 1963 Interior Finish: Built None Built As SQ Ft: 1 #of Baths: 0 Roof Type: #of Bdrms: 0 Roof Cover: #of Stories: 0 Rooms: 0 Units: 0 Garage: Attached SQ Ft Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: • ,... . _ .. _ 62U /O -Report Date: 08/09/2004 08:47AM WELD COUNTY TREASURER Page: 1 CERTIFICATE OF TAXES DUE CERT#: 19759 SCHEDULE NO: R0031993 ORDER NO: H0006010 ASSESSED TO: VENDOR NO:32 HAMLIN GERALD D &KATHRYN J FIRST AMERICAN HERITAGE TITLE 5198 WCR 28 1000 CENTRE AVENUE LONGMONT,CO 80504 - _ FT COLLINS CO 80525 . LEGAL DESCRIPTION: - - - - - - _ _ __ __ -_ - E2NW4/NW4NW4 36-3-68 LOT B AMD REC EXEMPT RE-1140(1.41 R)SITUS:5198 28 CR WELD 00000 PARCEL: 120736000056 SITUS ADD: 5198 28 CR WELD TAX YEAR CHARGE TAX AMOUNT INTEREST FEES PAID TOTAL DUE 2003 TAX 2,271.12 0.00 0.00 2,271.12 0.00 TOTAL TAXES 0.00 GRAND TOTAL DUE GOOD THROUGH 08/09/2004 0.00 ORIGINAL TAX BILLING FOR 2003 TAX DISTRICT 2335 - Authority Mill Levy Amount Values Actual Assessed WELD COUNTY 21.474 614.39 AGRICULTUR 49,305 14,300 SCHOOL DIST RE1J 40.374 1,155.10 AGRICULTUR 8.837 2,560 NCW WATER 1.000 28.61 AGRICULTUR 147,594 11,750 SVW WATER 0.243 6.95 LTW WATER 0.000 0.00 TOTAL 205,736 28,610 MTN VIEW FIRE(BOND 2008) 0.300 8.58 ST VRAIN SAN 4.925 140.90 WELD LIBRARY 3.249 92.95 LONGMONT CONSERVATION 0.000 0.00 MOUNTAIN VIEW FIRE 7.817 223.64 • TAXES FOR 2003 , 79.382 • 2,271.12 ''EE FOR THIS CERTIFICATE 10.00 ALL TAX LIEN SALE AMOUNTS ARE SUBJECT TO CHANGE DUE TO ENDORSEMENT OF CURRENT TAXES BY THE LIENHOLDER • OR TO ADVERTISING AND DISTRAINT WARRANT FEES. CHANGES MAY OCCUR AND THE TREASURER'S OFFICE WILL NEED TO BE CONTACTED PRIOR TO REMITTANCE AFTER THE FOLLOWING DATES: PERSONAL PROPERTY AND MOBILE HOMES-AUGUST 1, ' REAL PROPERTY-AUGUST 1. TAX LIEN SALE REDEMPTION AMOUNTS MUST BE PAID BY CASH OR CASHIERS CHECK. SPECIAL TAXING DISTRICTS AND THE BOUNDARIES OF SUCH DISTRICTS MAY BE ON FILE WITH THE BOARD OF COUNTY COMMISSIONERS,THE COUNTY CLERK,OR THE COUNTY ASSESSOR. This certificate does not include land or improvements assessed under a separate account number,personal property taxes, transfer tax or misc.tax collected on behalf of other entities,special or local improvement district assessments or mobile homes,unless specifically mentioned. I,the undersigned,do hereby certify that the entire amountof taxes due upon the above described parcels of real property and all outstanding sales for unpaid taxes as shown by the records in my office from which the same may still be redeemed with the amount required for redemption are as noted herein.In witness whereof,I have hereunto set my hand and seal this 09th day of AuausL 2004. TREASURER,WELD COUNTY,CLAUD W.HANES, BY: /� � P.O.Box 458 �� ?/. 1.,-. Greeley, CO 80632 (970)353.3845 ext.3290 s-- Land Title Guarantee Company CUSTOMER DISTRIBUTION OCT 5 2004 _and Title 4NARANIC[COMPANY Date: 09-30-2004 Our Order Number: FC25042990-3 Property Address: VACANT LAND LONGMONT, CO 80504 If you have any inquiries or require further assistance,please contact one of the numbers below: For Title Assistance: For Closing Assistance: Ft. Collins "FC"Unit Claire Riley Wendy Bell 6041 S. SYRACUSE WAY #100 772 WHALERS WAY #100 ENGLEWOOD, CO 80111 FORT COLLINS, CO 80525 Phone: 303-740-6293 Phone: 970-282-3649 Fax: 303-740-8514 Fax: 970-282-3652 EMail: criley@ltgc.com EMail: wbell@ltgc.com CARMA COLORADO 13600 WELD COUNTY ROAD II 9110 E NICHOLS AVE#180 LONGMONT,CO 80504 ENGLEWOOD,CO 80112 Copies: t Attn: CAROLE DODERO Sent Via US Postal Service Phone: 303-790-6591 Fax: 303-706-9453 Copies: 1 EMail:cdodero@carma.ca Sent Via EMail LAND TITLE GUARANTEE COMPANY JOHNSON&REPUCCI LLP 6041 S. SYRACUSE WAY#100 2521 BROADWAY,SUITE A ENGLEWOOD, CO 80111 BOULDER,CO 80304 Attn: Claire Riley Ann: MICHAEL J.REPUCCI Phone: 303-740-6293 Phone: 303-442-1900 Fax: 303-740-8514 Fax: 303-442-0191 EMail: criley@ltgc.com Copies: 1 EMail:hrsmith@j-rlaw.com Sent Via EMail GREENBERG TRAURIG LLP CARROLL&LANGE, INC THE TABOR CENTER 165 S UNION BLVD 1200 17TH ST#2400 LAKEWOOD, CO 80228 DENVER, CO 80202 Attn: BILL HESSELBACH Attn: KEITH M POCKROSS Phone: 303-980-0200 Phone: 303-572-6516 Fax: 303-980-0917 Fax: 303-572-6598 Copies: I a. Copies: 1 EMail: whasselbachtwcarroll-lange.com -FMail:pockrossk@gtlaw.com Sent Via EMail IP" Land Title Guarantee Company Ad TitleDate: 09-30-2004 GUARANTEE cowv^^ Our Order Number: FC25042990-3 Property Address: VACANT LAND LONGMONT, CO 80504 Buyer/Borrower: CARMA COLORADO, INC., A NEVADA CORPORATION Seller/Owner: CHRISTOPHER J. WAGNER AND P. JANE JONES Wire Information: Bank:FIRSTBANK OF COLORADO 10403 W COLFAX AVENUE LAKEWOOD, CO 80215 Phone:303-237-5000 Credit:LAND TITLE GUARANTEE COMPANY ABA No.: 107005047 Account:2160521825 Attention: Claire Riley ****************************************************************** Note: Once an original commitment has been issued, any subsequent modifications will be emphasized by underlining or comments. ****************************************************************** Need a map or directions for your upcoming closing? Check out Land Title's web site at www.ltgc.com for directions to any of our 54 office locations. ESTIMATE OF TITLE FEES Alta Owners Policy 10-17-92(Reissue Rate) $5,238. 00 Alta Loan Policy 10-17-92 $100. 00 Deletion of Standard Exception(s) (Owner) $100.00 Tax Report $20. 00 If Land Title Guarantee Company will be closing this transaction, above fees will be collected at that time. TOTAL $5,958. 00 m..carnet 06/04 THANK YOU FOR YOUR ORDER! Old Republic National Title Insurance Company ALTA COMMITMENT Our Order No. FC25042990-3 Schedule A Cust. Ref.: Property-Address: - VACANT LAND LONGMONT, CO 80504 1. Effective Date: September 27, 2004 at 5:00 P.M. 2. Policy to be Issued, and Proposed Insured: "ALTA" Owner's Policy 10-17-92 $3,060,000.00 Proposed Insured: CARMA COLORADO, INC., A NEVADA CORPORATION "ALTA" Loan Policy 10-17-92 $2,510,000.00 Proposed Insured: CHRISTOPHER J. WAGNER AND P. JANE JONES 3. The estate or interest in the land described or referred to in this Commitment and covered herein is: A Fee Simple 4. Title to the estate or interest covered herein is at the effective date hereof vested in: CHRISTOPHER J. WAGNER AND P. JANE JONES 5. The land referred to in this Commitment is described as follows: SEE ATTACHED PAGE(S) FOR LEGAL DESCRIPTION Our Order No. FC25042990-3 LEGAL DESCRIPTION LOT B OF RECORDED EXEMPTION NO. 1207-25-2-RE1450 RECORDED OCTOBER 2, 1992, IN BOOK 1353 AT RECEPTION NO. 2305632, BEING PART OF THE NORTHWEST 1/4 OF SECTION 25, TOWNSHIP 3 NORTH, RANGE 68 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF _ WELD, STATE OF COLORADO. BUT SPECIFICALLY EXCLUDING THEREFROM THAT CERTAIN PARCEL LEGALLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST CORNER OF THE NORTHWEST QUARTER OF SAID SECTION 25, THENCE NORTH 00 DEGREES 00 MINUTES 00 SECONDS EAST 518.80 FEET ALONG THE WEST LINE OF SAID NORTHWEST QUARTER OF SECTION 25 TO THE POINT OF BEGINNING AND WITH ALL OTHER BEARINGS CONTAINED HEREIN RELATIVE THERETO; THENCE CONTINUING ALONG SAID WEST LINE NORTH 00 DEGREES 00 MINUTES 00 SECONDS EAST 250.10 FEET; THENCE NORTH 89 DEGREES 08 MINUTES 00 SECONDS EAST, 590.00 FEET; THENCE SOUTH 23 DEGREES 35 MINUTES 56 SECONDS WEST, 274.74 FEET; THENCE SOUTH 89 DEGREES O8 MINUTES 00 SECONDS WEST, 480.00 FEET TO THE POINT OF BEGINNING; COUNTY OF WELD, STATE OF COLORADO. (SEE REQUIREMENTS) ALTA COMMITMENT Schedule B-I (Requirements) Our Order No. FC25042990-3 The following are the requirements to be complied with: Payment to or for the account of the grantors or mortgagors of the full consideration for the estate or interest to be insured. Proper instrument(s)creating the estate or interest to be insured must be executed and duly filed for record, to-wit: 1. RECORD AMENDED EXEMPTION PLAT FOR LOT B OF RE-1450. NOTE: BEFORE RECORDATION OF THE AMENDED RECORDED EXEMPTION PLAT A COPY NEEDS TO BE SUPPLIED TO LAND TITLE GUARANTEE COMPANY AND CARROLL & LANGE FOR REVIEW. 2. RELEASE OF DEED OF TRUST DATED AUGUST 28, 2002 FROM CHRISTOPHER J. WAGNER AND P. JANE JONES TO THE PUBLIC TRUSTEE OF WELD COUNTY FOR THE USE OF BANK OF AMERICA, N.A. TO SECURE THE SUM OF$160,000.00 RECORDED SEPTEMBER 04, 2002, UNDER RECEPTION NO. 2984819. 3. WARRANTY DEED FROM CHRISTOPHER J. WAGNER AND P. JANE JONES TO CARMA COLORADO, INC., A NEVADA CORPORATION CONVEYING SUBJECT PROPERTY. 4. DEED OF TRUST FROM CARMA COLORADO, INC., A NEVADA CORPORATION TO THE PUBLIC TRUSTEE OF WELD COUNTY FOR THE USE OF CHRISTOPHER J. WAGNER AND P. JANE JONES TO SECURE THE SUM OF$2,510,000.00. 5. (ITEM INTENTIONALLY DELETED) NOTE: ITEMS 1-3 OF THE STANDARD EXCEPTIONS WILL BE DELETED.. MATTERS DISCLOSED IN SURVEY HAVE BEEN ADDED TO SCHEDULE B-2 HEREOF. UPON THE APPROVAL OF THE COMPANY AND THE RECEIPT OF A NOTARIZED FINAL LIEN AFFIDAVIT, ITEM NO. 4 OF THE STANDARD EXCEPTIONS WILL BE AMENDED AS FOLLOWS: ITEM NO. 4 OF THE STANDARD EXCEPTIONS IS DELETED AS TO ANY LIENS OR FUTURE LIENS RESULTING FROM WORK OR MATERIAL FURNISHED AT THE REQUEST OF CHRISTOPHER J. WAGNER AND P. JANE JONES. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY SHALL HAVE NO LIABILITY FOR ANY LIENS ARISING FROM WORK OR MATERIAL FURNISHED AT THE REQUEST OF CARMA COLORADO, INC., A NEVADA CORPORATION. ALTA COMMITMENT Schedule B-1 (Requirements) Our Order No. FC25042990-3 Continued: NOTE: ITEM 5 OF THE STANDARD EXCEPTIONS WILL BE DELETED IF LAND TITLE GUARANTEE COMPANY CONDUCTS THE CLOSING OF THE CONTEMPLATED TRANSACTION(S) AND RECORDS THE DOCUMENTS IN CONNECTION THEREWITH. NOTE: UPON PROOF OF PAYMENT OF 2003 TAXES, ITEM 7 UNDER SCHEDULE B-2 WILL BE DELETED AND ITEM 6 WILL BE AMENDED TO READ: TAXES AND ASSESSMENTS FOR THE YEAR 2004 AND SUBSEQUENT YEARS. ITEM 8 UNDER SCHEDULE B-2 WILL BE DELE.1 LD UPON PROOF THAT THE WATER AND SEWER CHARGES ARE PAID UP TO DATE. ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042990-3 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements, not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 5. 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 of record for value the estate or interest or mortgage thereon covered by this Commitment. 6. Taxes and assessments not yet due or payable and special assessments not yet certified to the Treasurer's office. 7. Any unpaid taxes or assessments against said land. Liens for unpaid water and sewer charges, if any. 9. RIGHT OF WAY FOR COUNTY ROADS 30 FEET ON EITHER SIDE OF SECTION AND TOWNSHIP LINES, AS ESTABLISHED BY THE BOARD OF COUNTY COMMISSIONERS FOR WELD COUNTY, RECORDED OCTOBER 14, 1889 IN BOOK 86 AT PAGE 273. NOTE: ALTA SURVEY PREPARED BY CARROLL&LANGE SHOWS WELD COUNTY ROAD 11 ON THE WESTERLY PROPERTY LINE. 10. (ITEM INTENTIONALLY DELETED) 11. RIGHT OF WAY FOR RAILWAY AS RESERVED BY DENVER PACIFIC RAILWAY AND TELEGRAPH COMPANY IN DEED RECORDED OCTOBER 14, 1889 IN BOOK 25 AT PAGE 44. 12. TERMS, CONDITIONS AND PROVISIONS OF AGREEMENT RECORDED APRIL 09, 1964 AT RECEPTION NO. 1433486. 13. OIL AND GAS LEASE, RECORDED JULY 22, 1966 UNDER RECEPTION NO. 1493265 AND ANY AND ALL ASSIGNMENTS THEREOF, OR INTEREST THEREIN. ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042990-3 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: - 14. OIL AND GAS LEASE, RECORDED MAY 15, 1970 UNDER RECEPTION NO. 1547383 AND ANY AND ALL ASSIGNMENTS THEREOF, OR INTEREST THEREIN. 15. RIGHT OF WAY EASEMENT AS GRANTED TO TRI-STATE GENERATION AND TRANSMISSION ASSOCIATION INC IN INSTRUMENT RECORDED JULY 12, 1974, UNDER RECEPTION NO. 1640497. 16. ALL OIL, GAS, MINERALS AND OTHER MINERAL RIGHTS AS RESERVED IN INSTRUMENT RECORDED JANUARY 29, 1976, UNDER RECEPTION NO. 1680025. 17. RIGHT OF WAY EASEMENT AS GRANTED TO TRI-STATE GENERATION AND TRANSMISSION ASSOCIATION, INC. IN INSTRUMENT RECORDED JUNE 26, 1986, UNDER RECEPTION NO. 2058701. EASEMENTS, CONDITIONS, COVENANTS, RESTRICTIONS, RESERVATIONS AND NOTES ON THE RECORDED EXEMPTION PLAT. 19. EXISTING LEASES AND TENANCIES, IF ANY. NOTE: UPON RECEIPT OF A FINAL AFFIDAVIT OF SELLER LISTING LEASES OR TENANCIES AT THE TIME OF CLOSING ABOVE EXCEPTION WILL BE REVISED. 20. FENCE NOT FOLLOWING NORTHERLY PROPERTY LINE, INTERNAL DIRT ROADS AND DITCHES AND OVERHEAD POWER LINES ON NORTHERLY PROPERTY LINE AS SHOWN ON ALTA SURVEY DATED MAY 24, 2004 PREPARED BY CARROLL&LANGE THEIR JOB NO. 3075. NOTE: THE FOLLOWING NOTICES PURSUANT TO CRS 9-1.5-103 CONCERNING UNDERGROUND FACILITIES HAVE BEEN FILED WITH THE CLERK AND RECORDER. THESE STATEMENTS ARE GENERAL AND DO NOT NECESSARILY GIVE NOTICE OF UNDERGROUND FACILITIES WITHIN THE SUBJECT PROPERTY: (A) MOUNTAIN BELL TELEPHONE COMPANY, RECORDED OCTOBER 1, 1981 IN BOOK 949 AT RECEPTION NO. 1870705. (B)ASSOCIATED NATURAL GAS, INC., RECORDED JULY 20, 1984 IN BOOK 1037 AT RECEPTION NO. 1974810 AND RECORDED OCTOBER 1, 1984 IN BOOK 1045 AT RECEPTION NO. 1983584 AND RECORDED MARCH 3, 1988 IN BOOK 1187 AT RECEPTION ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042990-3 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company.: NO. 2132709 AND RECORDED APRIL 10, 1989 IN BOOK 1229 AT RECEPTION NO. 2175917. (C) PANHANDLE EASTERN PIPE LINE COMPANY, RECORDED OCTOBER 1, 1981 IN BOOK 949 AT RECEPTION NO. 1870756 AND RECORDED JUNE 26, 1986 IN BOOK 1117 AT RECEPTION NO. 2058722. (D) COLORADO INTERSTATE GAS COMPANY, RECORDED AUGUST 31, 1984 IN BOOK 1041 AT RECEPTION NO. 1979784. (E) WESTERN GAS SUPPLY COMPANY, RECORDED APRIL 2, 1985 IN BOOK 1063 AT RECEPTION NO. 2004300. (F) ST. VRAIN SANITATION DISTRICT, RECORDED DECEMBER 14, 1988 AT RECEPTION NO. 2164975. (G) UNITED POWER, INC., RECORDEDJANUARY 24, 1991 AT RECEPTION NO. 2239296. LAND TITLE GUARANTEE COMPANY DISCLOSURE STATEMENTS Note:Pursuant to CRS 10-11-122, notice is hereby given that: A) The subject real property may be located in a special taxing district. B) A Certificate of Taxes Due listing each taxing jurisdiction may be obtained from the County Treasurer's authorized agent. - - C) The information regarding special districts and the boundaries of such districts may be obtained from the Board of County Commissioners, the County Clerk and Recorder, or the County Assessor. Note: Effective September 1, 1997, CRS 30-10406 requires that all documents received for recording or filing in the clerk and recorder's office shall contain a top margin of at least one inch and a left, right and bottom margin of at least one half of an inch. The clerk and recorder may refuse to record or file any document that does not conform, except that, the requirement for the top margin shall not apply to documents using forms on which space is provided for recording or filing information at the top margin of the document. Note: Colorado Division of Insurance Regulations 3-5-1, Paragraph C of Article VII requires that "Every title entity shall be responsible for all matters which appear of record prior to the time of recording whenever the title entity conducts the closing and is responsible for recording or filing of legal documents resulting from the transaction which was closed". Provided that Land Title Guarantee Company conducts the closing of the insured transaction and is responsible for recording the legal documents from the transaction, exception number 5 will not appear on the Owner's Title Policy and the Lenders Policy when issued. Note: Affirmative mechanic's lien protection for the Owner may be available (typically by deletion of Exception no. 4 of Schedule B, Section 2 of the Commitment from the Owner's Policy to be issued) upon compliance with the following conditions: A)The land described in Schedule A of this commitment must be a single family residence which includes a condominium or townhouse unit. B) No labor or materials have been furnished by mechanics or material-men for purposes of construction on the land described in Schedule A of this Commitment within the past 6 months. C) The Company must receive an appropriate affidavit indemnifying the Company against un-filed mechanic's and material-men's liens. D)The Company must receive payment of the appropriate premium. E) If there has been construction, improvements or major repairs undertaken on the property to be purchased within six months prior to the Date of the Commitment, the requirements to obtain coverage for unrecorded liens will include: disclosure of certain construction information; financial information as to the seller, the builder and or the contractor;payment of the appropriate premium fully executed Indemnity Agreements satisfactory to the company, and, any additional requirements as may be necessary after an examination of the aforesaid information by the Company. No coverage will be given under any circumstances for labor or material for which the insured has contracted for or agreed to pay. Note: Pursuant to CRS 10-11-123, notice is hereby given: This notice applies to owner's policy commitments containing a mineral severance instrument exception, or exceptions, in Schedule B, Section 2. A)That there is recorded evidence that a mineral estate has been severed, leased, or otherwise conveyed from the surface estate and that there is a substantial likelihood that a third party holds some or all interest in oil, gas, other minerals, or geothermal energy in the property; and B)That such mineral estate may include the right to enter and use the property without the surface owner's permission. Nothing herein contained will be deemed to obligate the company to provide any of the coverages referred to herein unless the above conditions are fully satisfied. Form DISCLOSURE 09/01/02 JOINT NOTICE OF PRIVACY POLICY OF LAND TITLE GUARANTEE COMPANY AND LAND TITLE INSURANCE CORPORATION AND OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Title V of the Gramm-Leach-Bliley Act (GLBA) generally prohibits any financial institution, directly or through its affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party unless the institution provides you with a notice of its privacy policies and practices, such as the type of information that it collects about you and the categories of persons or entities to whom it may be disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of Land Title Guarantee Company and Land Title Insurance Corporation and Old Republic National Title Insurance Company. We may collect nonpublic personal information about you from the following sources: Information we receive from you such as on applications or other forms. Information about your transactions we secure from our files, or from our affiliates or others. Information we receive from a consumer reporting agency. Information that we receive from others involved in your transaction, such as the real estate agent or lender. Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic personal information will be collected about you. We may disclose any of the above information that we collect about our customers or former customers to our affiliates or to nonaffiliated third parties as permitted by law. We also may disclose this information about our customers or former customers to the following types of nonaffiliated companies that perform marketing services on our behalf or with whom we have joint marketing agreements: *Financial service providers such as companies engaged in banking, consumer finance, securities and insurance. *Non-financial companies such as envelope stuffers and other fulfillment service providers. WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. Form PRIV.POL.ORT Commitment to Insure ALTA Commitment.1970 Rev. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY,a Minnesota corporation,herein called the Company,for a * * 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 dr interest covered hereby in the land y * described or ref erred to in Schedule A.upon payment of the premiums and charges therefor,ail subject to the provisions of 7a Schedule A and B and to the Conditions and Stipulations hereof. This Commitment shag be effective only when the indentity of the proposed Insured and the amount of the policy or policies committed for have been inserted in Schedule A hereof by the Company,either at the time of the issuance of this * 4 * * Commitment or by subsequent endorsement. This Commitment is preliminary to the issuance of such policy or policies of title insurance and at liability and 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 poky 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 fag to disclose such knowledge to the Company in writing,the Company shall be relieved from liabdrty for any loss or damage resulting from any act of reliance hereon to the extent the Company is prejudiced by fadore 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,hen,encumbrance,adverse claim or other matter,the Company at its option may amend Schedule B of this Commitment accordingly,but such amendment shall not rebore 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 la)to comply with the requirements hereof ar lb)to eliminate exceptions shown in Schedule B,or lc)to acquire or create the estate or interest ar 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 most be based on and are subject to the provisions of this Commitment. STANDARD EXCEPTIONS n 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: 1.Rights or claim of parties in possession not shown by the pubic records. 2.Easements,or claim of easements,not shown by the public records. 3.Discrepancies,conflicts in boundary lines,shortage in area,encroachments,and any facts which a correct survey and inspection of the prenises would disclose and which are not shown by the public records. 4.Any ken,or right to a ben,for services,labor or material theretofore or hereafter furnished,imposed by law and not shown by the pubic records. 5.Defects,hens,encumbrances,adverse damn 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 of record for value the estate or interest or mortgage thereon covered by this Commitment. 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 TIRE INSURANCE COMPANY A Stock Company •`•,,T,it.' 1 /� 400 Second Avenue South * **•*� 1 1 1nA}), _ ¢7„0,� Mnneapobs,Minnesota 55401 =u * i- ��s��AriY'��`lJaCl�u a9t n 161213711111 %m 'F m Authorized Signature %o.' * .*b.k • * /�� // CC.ORT •AHd .iZ Q X7O rroperty 1 ax lntormation Page 1 of 1• Hone iI rvces H Depart -rants b ut eld 'I Pra er: 'Sei i imn iinst I CQrs@3. Home > Departments > Treasurer's Office > Tax Search > Tax Search Results > Tax Detail Tax Search Details Information for tax year: 2004 payable in 2005 Property Information Owner Name: Wagner Christopher) &Jones P Jane Address: City: Weld County, CO Account W0266493 Number: Parcel 120725000023 Number: 100af nw4 25 3 68 xc hwy 66 deeded in bk 1491 pg 509 also exc beg nw cor Legal sec s0d03'w 90' n89d10'e 30' to s In hwy 66 n42d43'e 68.97' n89d10'e Address: 1247.82' to true pob n89d10'e 395.97' to w edge of concrete ditch s14d40'w 223.93' s34d41'w 124.91' s35d46'w 112.28' s88d01'w 196.62' n0d50'w 411.49 to beg lot b rec exempt re-1450 Payment Information Total Tax Amount: $810.00 Actual Land Value $0.00 First Half Amount: $0.00 Actual Improved Value $0.00 Second Half Amount: $0.00 Actual Total Value $0.00 SR. Exemption: $0.00 Assessed Land Value $0.00 Full Amount Paid: $0.00 Assessed Improved Value $0.00 Current Balance: $810.00 Assessed Total Value $0.00 IF any of the following fields are "YES" please contact the Treasurer's Office for more information. Tax Status Tax Liens: No Senior Homestead Exemption: No Prior Taxes Due: No Tax Area 7110 Special Improvement Tax: No Mill Levy Database Last Updated at: 02:29 AM on January 14, 2005 http://www.co.weld.co.us/departments/treasurer/tax/tax_info.cfm?ACCOUNTNO=W0266... 1/14/2005 _tucuuiy 1RCSu1Ls rage 1 cal Parcel Valuation Account#: R0026993 Parcels: 120725000023 f•-""- Owners Name&Address: Property Address: WAGNER CHRISTOPHER)& Street: 13600 it CR 13600 COUNTY ROAD 11 City: WELD LONGMONT, CO 80504-9656 Business/Complex: Legal Description NW4 25-3-68 LOT B REC EXEMPT RE-1450 (3D1.77R) SITUS: 13600 11 CR WELD 0 Land Value $73,899 Land Assessed Value $21,430 Imor.Value 4394.798 Imor.Assessed Value 439.980 Total Value $468,697 Total Assessed Value $61,410 Total Taxes: $4,572.40 Amount Due: $0.00 Tax Area: Bordering County: Township Range Section Ouart.Sec. Subdlvison Name Block# Lot# 03 -68 - 25 - 0 -- Land Subtotal: Acres:149.96 Sale Price Sale Date Deed Type Reception# $370,000 10/6/1992 02306633 r http://maps.merrick.com/Website/W e1d/setSgl.asp?cmd=QUERY&DET=Parcel&pin=120... 11/8/2004 Iuenuly nesuiis Page 1 of 2 WELD COUNTY ASSESSOR PROPERTY PROFILE Account#: R0026993 Parcel#: 120725000023 Tax Area: 2309 Bordering County: Acres: 149.96 Township Range Section Ouart. Sec. Subdivison Name Block# Lout 03 - 68 -25 -0 __ Owners Name&Address: Property Address: WAGNER CHRISTOPHER J& Street: 13600 11 CR 13600 COUNTY ROAD 11 City: WELD LONGMONT, CO 80504-9656 Business/Complex: Sales Summary Sale Date Sale Price Deed Type Reception # 10/6/1992 $370,000 02306633 Legal Description NW4 25-3-68 LOT B REC EXEMPT RE-1450 (301.77R) SITUS: 13600 11 CR WELD 0 Land Valuation Summary Land Type Abst Code Unit of Number of Actual Value Assessed Measure Units Value Agricultural 4117 •Acres 149.96 Land Subtotal: 149.96 $73,899 $21,430 Buildings Valuation Summary Bldg# Property Type Actual Value Assessed Value 1 Residential 2 Out Building Improvements Subtotal: $394,798 $39,980 Total Property Value $468,697 $61,410 Building Details Account#: R0026993 Parcel#: 120725000023 Owners Name&Address: Property Address: WAGNER CHRISTOPHER J & Street: 13600 11 CR 13600 COUNTY ROAD 11 City: WELD LONGMONT, CO 80504-9656 Building* Property Type 1 Residential Individual Built As Detail Built As: 2 Story Year Built: 1999 Exterior: Frame Siding HVAC: Hot Water Baseboard http://maps.menick:com/Website/Weld/setSgl.asp?cmd=QUERY&DET=PP&pin=120725... 11/8/2004 Interior Finish: Drywall Built As SQ Ft 2954 #of Baths: 3 Roof Type: Gable #of Bdrms: 3 Roof Cover: Composition Shingle �—. # of Stories: 1 Rooms: 5 Units: 0 Garage: Attached SQ Ft: 528 Detached SQ Ft: Basement: Total SQ Ft: 1394 Finished SQ Ft: Account#: R0026993 Parcel#: 120725000023 Owners Name&Address:, Property Address: WAGNER CHRISTOPHER 3& Street: 13600 11 CR 13600 COUNTY ROAD 11 City: WELD LONGMONT, CO 80504-9656 Building* Property Type 2 Out Building Individual Built As Detail Built As: Shed -Utility Year Built: 1999 Exterior: HVAC: None Interior Finish: Built As SQ Ft: 6480 it of Baths: 0 Roof Type: It of Bdrms: 0 Roof Cover•. It of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft Basement: Total SQ Ft: Finished SQ Ft: http://maps.merrick.com/Website/Weld/setSql.asp?cmd=QUERY&DET=PP&pin=120725... x/8/2004 Report Date: 04/14/2004 04:52PM WELD COUNTY TREASURER Page: 1 STATEMENT OF TAXES DUE '--.HEDULE NO:W0266493 JSESSED TO: . WAGNER CHRISTOPHER J &JONES P JANE 13600 COUNTY ROAD 11 LONGMONT, CO 80504-9656 LEGAL DESCRIPTION: 100AF NW4 25 3 68 XC HWY 66 DEEDED IN BK 1491 PG 509 ALSO EXC BEG NW COR SEC S0D03'W 90' N89D10'E 30'TO S [NI HWY 66 N42D43'E 68.97' N89D10'E 1247.82'TO TRUE POB N89D10'E 395.97'TO W EDGE - OF CONCRETE DITCH S14D40'W 223.93' 534D41'W 124.91'S35D46'W 112.28' S88D01'W 196.62' N0D50'W 411.49 TO BEG LOT B REC EXEMPT RE-1450 PARCEL: 120725000023 SITUS ADD: TAX YEAR ASSESSMENT ASMT AMOUNT INTEREST FEES PAID TOTAL DUE 2003 7810 794.00 0.00 0.00 794.00 0.00 TOTAL ASMT 0.00 GRAND TOTAL DUE GOOD THROUGH 04/15/2004 0.00 ORIGINAL TAX BILLING FOR 2003 TAX DISTRICT 7110 - Authority Mill Levy Amount Values Actual Assessed TAXES FOR 2003 0.000 0.00 TOTAL O 0 NORTHERN COLORADO WATER 794.00 ALL TAX LIEN SALE AMOUNTS ARE SUBJECT TO CHANGE DUE TO ENDORSEMENT OF CURRENT TAXES BY THE LIENHOLDER OR TO ADVERTISING AND DISTRAINT WARRANT FEES. CHANGES MAY OCCUR AND THE TREASURER'S OFFICE WILL NEED TO BE CONTACTED PRIOR TO REMITTANCE AFTER THE FOLLOWING DATES: PERSONAL PROPERTY AND MOBILE HOMES-AUGUST 1, • REAL PROPERTY-AUGUST 1. TAX LIEN SALE REDEMPTION AMOUNTS MUST BE PAID BY CASH OR CASHIERS CHECK. P.O. Box 458 Greeley, CO 80632 .1970)353-3845 ext.3290 if L". >.C • Report Date: 08/09/2004 08:46AM WELD COUNTY TREASURER Page: 1 CERTIFICATE OF TAXES DUE CERT#: 19757 CHEDULE NO: R0026993 ORDER NO: H0006032 ASSESSED TO: VENDOR NO:32 WAGNER CHRISTOPHER J& FIRST AMERICAN HERITAGE TITLE 13600 COUNTY ROAD 11 1000 CENTRE AVENUE LONGMONT,CO 80504-9656 FT COLLINS CO 80525 LEGAL DESCRIPTION: - - - -- - - _- -_ __ NW4 25-3-68 LOT B REC EXEMPT RE-1450(3D1.77R)SITUS: 13600 11 CR WELD 0 PARCEL: 120725000023 SITUS ADD: 13600 11 CR WELD TAX YEAR CHARGE TAX AMOUNT INTEREST FEES PAID TOTAL DUE 2003 TAX 4,572.40 0.00 0.00 4,572.40 0.00 TOTAL TAXES 0.00 GRAND TOTAL DUE GOOD THROUGH 08/09/2004 0.00 ORIGINAL TAX BILLING FOR 2003 TAX DISTRICT 2309- Authority Mill Levy Amount Values Actual Assessed WELD COUNTY 21.474 1,318.72 AGRICULTUR 73,899 21,430 SCHOOL DIST RE1J 40.374 2,479.37 AGRICULTUR 40,649 11,790 NCW WATER 1.000 61.41 AGRICULTUR 354,149 28,190 SVW WATER 0.243 14.92 _ - LTW WATER 0.000 0.00 TOTAL 468,697 61,410 MTN VIEW FIRE(BOND 2008) 0.300 18.42 WELD LIBRARY 3.249 199.52 LONGMONT CONSERVATION 0.000 0.00 MOUNTAIN VIEW FIRE 7.817 480.04 • TAXES FOR 2003 74.457 4,572.40 FEE FOR THIS CERTIFICATE 10.00 '-"ALL TAX LIEN SALE AMOUNTS ARE SUBJECT TO CHANGE DUE TO ENDORSEMENT OF CURRENT TAXES BY THE LIENHOLDER rR TO ADVERTISING AND DISTRAINT WARRANT FEES. CHANGES MAY OCCUR AND THE TREASURER'S OFFICE WILL NEED TO BE CONTACTED PRIOR TO REMITTANCE AFTER THE FOLLOWING DATES: PERSONAL PROPERTY AND MOBILE HOMES-AUGUST 1, REAL PROPERTY-AUGUST 1. TAX LIEN SALE REDEMPTION AMOUNTS MUST BE PAID BY CASH OR CASHIERS CHECK , SPECIAL TAXING DISTRICTS AND THE BOUNDARIES OF SUCH DISTRICTS MAY BE ON FILE WITH THE BOARD OF COUNTY COMMISSIONERS,THE COUNTY CLERK,OR THE COUNTY ASSESSOR. This certificate does not include land or improvements assessed under a separate account number,personal property taxes, transfer tax or misc tax collected on behalf of other entities,special or local improvement district assessments or mobile homes,unless specifically mentioned. I,the'undersigned,do hereby certify that the entire amount of taxes due upon the above described parcels of real property and all outstanding sales for unpaid taxes as shown by the records in my office from which the same may still be redeemed with the amount required for redemption are as noted herein.In witness whereof,I have hereunto set my hand and seal this 09th day of Aucust,2004. TREASURER,WELD COUNTY,CLAUD W.HANES,BY: �iP.O.Box 458gall: .�/• Greeley,CO 80632 (970)353-3845 ext 3290 Land Title Guarantee Company CUSTOMER DISTRIBUTION OCT 5 2004 Land litle UUARANTLL COMPANY Date: 09-30-2004 Our Order Number: FC25042988-3 Property Address: VACANT LAND LONGMONT, CO 80504 If you have any inquiries or require funher assistance,please contact one of the numbers below: For Title Assistance: For Closing Assistance: Ft. Collins "FC"Unit Claire Riley Wendy Bell 6041 S. SYRACUSE WAY#100 772 WHALERS WAY#100 ENGLEWOOD, CO 80111 FORT COLLINS, CO 80525 Phone: 303-740-6293 Phone: 970-282-3649 Fax: 303-740-8514 Fax: 970-282-3652 EMail: criley®ltgc.com EMail: wbell@ltgc.com e } *% rk CARMA COLORADO 13184 WELD COUNTY ROAD 13 9110E NICHOLS AVE#180 LONGMONT, CO 80504 ENGLEWOOD, CO 80112 Attn: C/O MR. LOUIS RADEMACHER Amt: CAROLE DODERO r-.Copies: 1 Phone: 303-790-6591 Sent Via US Postal Service Fax: 303-706-9453 Copies: 1 EMail:cdodero@canna.ca Sent Via EMail LAND TITLE GUARANTEE COMPANY GREENBERG TRAURIG LLP 6041 S. SYRACUSE WAY#100 THE TABOR CENTER ENGLEWOOD, CO 80111 1200 17TH ST#2400 Ann: Claire Riley DENVER,CO 80202 Phone: 303-740-6293 Attn: KEITH M POCKROSS Fax: 303-740-8514 Phone: 303-572-6516 EMail: criley@ltgc.com Fax: 303-572-6598 • Copies: 1 EMail:adensamm@gtlaw.com Sent Via ProCare JOHNSON&REPUCCI LLP CARROLL&LANGE,INC 2521 BROADWAY,SUITE A 165 S UNION BLVD BOULDER, CO 80304 LAKEWOOD,CO 80228 Attn: MICHAEL J. REPUCCI Ann: BILL HASSELBACH Phone: 303-442-1900 Phone: 303-980-0200 Fax: 303-442-0191 Fax: 303-980-0917 Copies: 1 EMail: whasselbach@carroll-lange.com EMail: hrsmith@j-rlaw.com Sent Via EMail Land Title Guarantee Company :id Tide Date: 09-30-2004 4UA0.ANTE[COMPANY Our Order Number: FC25042988-3 Property Address: VACANT LAND LONGMONT, CO 80504 Buyer/Borrower: CARMA COLORADO, INC., A NEVADA CORPORATION Seller/Owner: R &M LAND COMPANY, A GENERAL PARTNERSHIP Wire Information: Bank:FIRSTBANK OF COLORADO 10403 W COLFAX AVENUE LAKEWOOD, CO 80215 Phone:303-237-5000 Credit:LAND TITLE GUARANTEE COMPANY ABA No.:107005047 Account:2160521825 Attention: Claire Riley ******************************************a*****a************■**** Note: Once an original commitment has been issued, any subsequent modifications will be emphasized by underlining or comments. *****e**e*e*******e►*seers**es*e*e***ease**sees**e**************e* Need a map or directions for your upcoming closing? Check out Land Title's web site at www.ltgc.com for directions to any of our 54 office locations. ESTIMATE OF TITLE FEES Alta Owners Policy 10-17-92 $3,210.00 Deletion of Standard Exception(s) (Owner) $100. 00 Tax Report $20. 00 r If Land Title Guarantee Company will be closing this transaction, above fees will be collected at that time. TOTAL $3,330.00 Ion COKTICT 06/04 THANK YOU FOR YOUR ORDER! Old Republic National Title Insurance Company ALTA COMMITMENT Our Order No. FC25042988-3 Schedule A Cust. Ref.: Property Address: VACANT LAND LONGMONT, CO 80504 1. Effective Date: September 27, 2004 at 5:00 P.M. 2. Policy to be Issued, and Proposed Insured: "ALTA" Owner's Policy 10-17-92 $1,600,000.00 Proposed Insured: CARMA COLORADO, INC., A NEVADA CORPORATION 3. The estate or interest in the land described or referred to in this Commitment and covered herein is: A Fee Simple 4. Title to the estate or interest covered herein is at the effective date hereof vested in: R& M LAND COMPANY, A GENERAL PARTNERSHIP 5. The land referred to in this Commitment is described as follows: THE N 1/2 OF THE NE 1/4 OF SECTION 36, TOWNSHIP 3 NORTH, RANGE 68 WEST OF THE 6TH P.M., COUNTY OF WELD, STATE OF COLORADO, EXCEPTING THEREFROM THAT PORTION CONVEYED IN DEED RECORDED FEBRUARY 9, 1900 IN BOOK 178 AT PAGE 189. ALTA COMMITMENT Schedule B-1 (Requirements) Our Order No. FC25042988-3 The following are the requirements to be complied with: Payment to or for the account of the grantors or mortgagors of the full consideration for the estate or interest to be insured. Proper instrument(s) creating the estate or interest to be insured must be executed and duly filed for record, to-wit: 1. TRADE NAME AFFIDAVIT OR GENERAL PARTNERSHIP AGREEMENT OF R&M LAND COMPANY, A GENERAL PARTNERSHIP, DISCLOSING THE NAMES AND ADDRESSES OF THE PARTNERS THERETO. 2. WARRANTY DEED FROM R &M LAND COMPANY, A GENERAL PARTNERSHIP TO CARMA COLORADO, INC., A NEVADA CORPORATION CONVEYING SUBJECT PROPERTY. 3. (ITEM INTENTIONALLY DELETED) NOTE: ITEMS 1-3 OF THE STANDARD EXCEPTIONS WILL BE DELETED. MATTERS DISCLOSED IN SURVEY HAVE BEEN ADDED TO SCHEDULE B-2 HEREOF. UPON THE APPROVAL OF THE COMPANY AND THE RECEIPT OF A NOTARIZED FINAL LIEN AFFIDAVIT, ITEM NO. 4 OF THE STANDARD EXCEPTIONS WILL BE AMENDED AS FOLLOWS: ITEM NO. 4 OF THE STANDARD EXCEPTIONS IS DELETED AS TO ANY LIENS OR FUTURE LIENS RESULTING FROM WORK OR MATERIAL FURNISHED AT THE REQUEST OF R &M LAND COMPANY, A GENERAL PARTNERSHIP. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY SHALL HAVE NO LIABILITY FOR ANY LIENS ARISING FROM WORK OR MATERIAL FURNISHED AT THE REQUEST OF CARMA COLORADO, INC., A NEVADA CORPORATION. NOTE: ITEM 5 OF THE STANDARD EXCEPTIONS WILL BE DELETED IF LAND TITLE GUARANTEE COMPANY CONDUCTS THE CLOSING OF THE CONTEMPLATED TRANSACTION(S) AND RECORDS THE DOCUMENTS IN CONNECTION THEREWITH. NOTE: UPON PROOF OF PAYMENT OF 2003 TAXES, ITEM 7 UNDER SCHEDULE B-2 WILL BE DELETED AND ITEM 6 WILL BE AMENDED TO READ: TAXES AND ASSESSMENTS FOR THE YEAR 2004 AND SUBSEQUENT YEARS. ITEM 8 UNDER SCHEDULE B-2 WILL BE DELETED UPON PROOF THAT THE WATER AND SEWER CHARGES ARE PAID UP TO DATE. ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042988-3 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Compahy: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements, not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 5. 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 of record for value the estate or interest or mortgage thereon covered by this Commitment. 6. Taxes and assessments not yet due or payable and special assessments not yet certified to the Treasurer's office. 7. Any unpaid taxes or assessments against said land. Liens for unpaid water and sewer charges, if any. 9. (ITEM INTENTIONALLY DELETED) 10. RIGHT OF WAY EASEMENT AS GRANTED TO THE BOARD OF COUNTY COMMISSIONERS, WELD COUNTY IN INSTRUMENT RECORDED MARCH 17, 1909, IN BOOK 296 AT PAGE 149. 11. UNRECORDED OIL AND GAS LEASE BETWEEN STATE OF COLORADO AND GEN OIL INC, AND ANY AND ALL ASSIGNMENTS THEREOF, OR INTEREST THEREIN. 12. TERMS, CONDITIONS AND PROVISIONS OF POOLING AGREEMENT RECORDED JUNE 01, 1973 AT RECEPTION NO. 1614444 IN BOOK 682. 13. TERMS, CONDITIONS AND PROVISIONS OF AFFIDAVIT RECORDED OCTOBER 10, 1974 AT RECEPTION NO. 1646466 AND 1646467 IN BOOK 724. 14. TERMS, CONDITIONS AND PROVISIONS OF NOTICE RECORDED DECEMBER 14, 1988 AT RECEPTION NO. 2164975 IN BOOK 1218. __. RIGHT OF WAY EASEMENT AS GRANTED TO PANHANDLE EASTERN PIPELINE CO IN ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042988-3 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: - - INSTRUMENT RECORDED FEBRUARY 01, 1989, UNDER RECEPTION NO. 2169612. 16. TERMS, CONDITIONS AND PROVISIONS OF NOTICE OF RIGHT TO USE LANDS RECORDED SEPTEMBER 28, 2000 AT RECEPTION NO. 2796810. 17. TERMS, CONDITIONS AND PROVISIONS OF REQUEST FOR NOTIFICATION RECORDED NOVEMBER 06, 2001 AT RECEPTION NO. 2898341. 18. TERMS, CONDITIONS AND PROVISIONS OF RESOLUTION RECORDED OCTOBER 09, 2000 AT RECEPTION NO. 2798903. 19. TERMS, CONDITIONS AND PROVISIONS OF ORDINANCE NO 147-Q RECORDED OCTOBER 31, 2000 AT RECEPTION NO. 2803771. TERMS, CONDITIONS AND PROVISIONS OF ORDINANCE NO 191-E RECORDED NOVEMBER 07, 2000 AT RECEPTION NO. 2805193. 21. ALL OIL, GAS, MINERALS AND OTHER MINERAL RIGHTS AS RESERVED IN INSTRUMENT RECORDED JANUARY 11, 1996, UNDER RECEPTION NO. 2471492 IN BOOK 1527. 22. TERMS, CONDITIONS AND PROVISIONS OF NORTH LINE EXTENSION PARTICIPATON AND REIMBURSEMENT AGREEMENT RECORDED MARCH 14, 2003 AT RECEPTION NO. 3042279. 23. RIGHT OF WAY EASEMENT AS GRANTED TO KERR-MCGEE GATHERING LLC, A COLORADO LIMITED LIABILITY COMPANY IN INSTRUMENT RECORDED JANUARY 26, 2004, UNDER RECEPTION NO. 3147938. 24. EXISTING LEASES AND TENANCIES, IF ANY. NOTE: UPON RECEIPT OF A FINAL AFFIDAVIT OF SELLER LISTING LEASES OR TENANCIES AT THE TIME OF CLOSING ABOVE EXCEPTION 17 WILL BE REVISED. 7-- FENCES NOT FOLLOWING NORTHERLY, WESTERLY , AND SOUTHERLY, PROPERTY LINES; INTERNAL DIRT ROAD; AND RIGHT OF WAY FOR BURIED GAS LINE ALONG NORTH ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042988-3 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Conipany: PROPERTY LINE AS SHOWN ON ALTA SURVEY DATED MAY 24, 2004 PREPARED BY CARROLL&LANGE THEIR JOB NO. 3075. LAND TITLE GUARANTEE COMPANY DISCLOSURE STATEMENTS Note: Pursuant to CRS 10-11-122, notice is hereby given that: A) The subject real property may be located in a special taxing district. B) A Certificate of Taxes Due listing each taxing jurisdiction may be obtained from the County Treasurer's authorized agent. C) The information regarding special districts and the boundaries of such districts may be obtained from the Board of County Commissioners, the County Clerk and Recorder, or the County Assessor. Note: Effective September 1, 1997, CRS 30-10-406 requires that all documents received for recording or filing in the clerk and recorder's office shall contain a top margin of at least one inch and a left, right and bottom margin of at least one half of an inch. The clerk and recorder may refuse to record or file any document that does not conform, except that, the requirement for the top margin shall not apply to documents using forms on which space is provided for recording or filing information at the top margin of the document. Note: Colorado Division of Insurance Regulations 3-5-1, Paragraph C of Article VII requires that "Every title entity shall be responsible for all matters which appear of record prior to the time of recording whenever the title entity conducts the closing and is responsible for recording or filing of legal documents resulting from the transaction which was closed". Provided that Land Title Guarantee Company conducts the closing of the insured transaction and is responsible for recording the legal documents from the transaction, exception number 5 will not appear on the Owner's Title Policy and the Lenders Policy when issued. Note:Affirmative mechanic's lien protection for the Owner may be available (typically by deletion of Exception no. 4 of Schedule B, Section 2 of the Commitment from the Owner's Policy to be issued)upon compliance with the following conditions: A) The land described in Schedule A of this commitment must be a single family residence which includes a condominium or townhouse unit. B) No labor or materials have been furnished by mechanics or material-men for purposes of construction on the land described in Schedule A of this Commitment within the past 6 months. C) The Company must receive an appropriate affidavit indemnifying the Company against un-filed mechanic's and material-men's liens. D) The Company must receive payment of the appropriate premium. E) If there has been construction, improvements or major repairs undertaken on the property to be purchased within six months prior to the Date of the Commitment, the requirements to obtain coverage for unrecorded liens will include: disclosure of certain construction information; financial information as to the seller, the builder and or the contractor; payment of the appropriate premium fully executed Indemnity Agreements satisfactory to the company, and, any additional requirements as may be necessary after an examination of the aforesaid information by the Company. No coverage will be given under any circumstances for labor or material for which the insured has contracted for or agreed to pay. Note: Pursuant to CRS 10-11-123, notice is hereby given: This notice applies to owner's policy commitments containing a mineral severance instrument exception, or exceptions, in Schedule B, Section 2. A) That there is recorded evidence that a mineral estate has been severed, leased, or otherwise conveyed from the surface estate and that there is a substantial likelihood that a third party holds some or all interest in oil, gas, other minerals, or geothermal energy in the property; and B) That such mineral estate may include the right to enter and use the property without the surface owner's permission. Nothing herein contained will be deemed to obligate the company to provide any of the coverages referred to herein unless the above conditions are fully satisfied. Form DISCLOSURE 09/01/02 JOINT NOTICE OF PRIVACY POLICY OF LAND TITLE GUARANTEE COMPANY AND LAND TITLE INSURANCE CORPORATION AND OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Title V of the Gramm-Leach-Bliley Act (GLBA)generally prohibits any financial institution, directly or through its affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party unless the institution provides you with a notice of its privacy policies and practices, such as the type of information that it collects about you and the categories of persons or entities to whom it may be disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of Land Title Guarantee Company and Land Title Insurance Corporation and Old Republic National Title Insurance Company. We may collect nonpublic personal information about you from the following sources: Information we receive from you such as on applications or other forms. Information about your transactions we secure from our files, or from our affiliates or others. Information we receive from a consumer reporting agency. Information that we receive from others involved in your transaction, such as the real estate agent or lender. Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic personal information will be collected about you. We may disclose any of the above information that we collect about our customers or former customers to our affiliates or to nonaffiliated third parties as permitted by law. We also may disclose this information about our customers or former customers to the following types of nonaffiliated companies that perform marketing services on our behalf or with whom we have joint marketing agreements: * Financial service providers such as companies engaged in banking, consumer£mance, securities and insurance. * Non-financial companies such as envelope stuffers and other fulfillment service providers. WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. Form PRIV.POL.ORT Commitment to Insure ALTA Commitment.1970 Rev. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY,a Minnesota corporation,herein called the Company,for a * 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 ref erred to in Schedule A.upon payment of the premiums and charges therefor,all subject to the provisions of Schedule A and B and to the Conditions and Stipulations hereof. This Commitment shall be effective only when the indentity of the proposed Insured and the amount of the 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. This Commitment is preliminary to the issuance of such poky or policies of title insurance and all liability and obligations hereunder shall cease and teminate six months after the effective date hereof or when the pokey 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,ken,encumbran:e,adverse claim or other matter affecting the estate or interest or mortgage thereon covered by this Commitment other then those shown in Schedule B hereof,and shall tag to disclose such knowledge to the Company in writing,the Company shall be relieved from liabetly 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 mattes,the Company at its option may amend Schedule B of this Commitment accordingly,but such amendment shat 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 shag 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 r" comply with the requirements hereof or Pis to eliminate exceptions shown in Schedule B,or Ic)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 poky 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 poky or policies committed,for in favor of the proposed Insured which are hereby incorporated by reference and made a part of this Comtitment 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 Correritment must be based on and are subject to the provisions of this Commitment. STANDARD EXCEPTIONS In addition to the matters contaited in the Conditions and Stipulations and Exclusions from Coverage above referred to,this Commtment is also subject to the Mowing: 1.Rights or claims of parties in possession not shown by the public records. 2.Easements,or claims of easements,not shown by the public records. 3.Discrepancies,conflicts in boundary fines,shortage in area,encroachments,and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. 4.Any lien,or right to a fen,for services,labor or material theretofore or hereafter furnished,imposed by law and not shown by the pubic records. 5.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 of record for value the estate or interest or mortgage thereon covered by this Commitment. IN WITNESS WHEREOF,Old Republic National Tole 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 • il Tat f� ^ — 400 Second Avenue South ;r`°* * * **� _ At7-0 01L Minneapolis,Minnesota 55401 =u * % *It:, �f Y��01��'�`lJJ—CJ � 161213711111 * gymi m : Authorized Signature %d fi% .9 * ,y * O, Property Tax Information Page 1 of 1 June li 5er,ices. De 's3£s I; „ ,a: ,3 I! c; re,;.,r enThr.:[:t .on Go:r a Home > Departments > Treasurer's Office > Tax Search > Tax Search Results > Tax Detail Tax Search Details Information for tax year: 2004 payable in 2005 Property Information Owner Name: R & M Land Co Address: City: Weld County, CO Account Number: R4785886 Parcel Number: 120736000029 Legal Address: 25654 n2ne4 36 3 68 (3r) I_ Payment Information Total Tax Amount: $139.44 Actual Land Value $6,604.00 First Half Amount: $0.00 Actual Improved Value $0.00 ' - Second Half Amount: $0.00 Actual Total Value $6,604.00 SR. Exemption: $0.00 Assessed Land Value $1,920.00 Full Amount Paid: $0.00 Assessed Improved Value $0.00 Current Balance: $139.44 Assessed Total Value $1,920.00 IF any of the following fields are "YES" please contact the Treasurer's Office for more information. Tax Status Tax Liens: No Senior Homestead Exemption: No Prior Taxes Due: No Tax Area 2311 Special Improvement Tax: No Mill Levy 72.632 Database Last Updated at: 02:29 AM on January 14, 2005 r-. httn.//www rn weld rn --n . _ Identify Results Page 1 of 1 Parcel Valuation Account#: R4785886 Parcel#: 120736000029 Owners Name&Address: Property Address: R&M LAND CO Street: 13184 WELD CO RD 13 City: LONGMONT, CO 80504 Business/Complex: - - Legal Description 25654 N2NE4 36 3 68 (3R) Land Value $6,604 Land Assessed Value $1,920 Imor.Vali P ;Q Imor. Assessed Value Total Value $6,604 Total Assessed Value $1,920 Total Taxes: $142.96 Amount Due: $0.00 Tax Area: Bordering County: Township Ranee Section Quart.Sec Subdivison Name Blocks Lot* 03 - 68 -36- 0 __ Land Subtotal: Acres:77 Sale Price Sale Date Deed Type Reception # $96,000 1/2/1996 PAT 2471492 r-� http://maps.merrick.com/Website/Weld/setRol asn9rmd=flt MI?VR,TypTrD......atv...:__inn . . Identify Results Page 1 of 1 WELD COUNTY ASSESSOR PROPERTY PROFILE Account#: R4785886 Parcel#: 120736000029 Tax Area: 2311 Bordering County: Acres: 77 Township Range Section Ouart. Sec. - Subdivison Name Blocks Lot# 03 - 68-36 -0 __ Owners Name&Address: Property Address: R&M LAND CO Street: 13184 WELD CO RD 13 City: LONGMONT,CO 80504 Business/Complex: Sales Summary Sale Date Sale Price Deed Type Reception # 1/2/1996 $96,000 PAT 2471492 Legal Description 25654 N2NE4 36 3 68 (3R) Land Valuation Summary Land Type Abst Code Unit of Number of Actual Value Assessed Measure Units Value Agricultural 4147 Acres 14.23 Agricultural 4147 Acres 51.11 e Agricultural 4117 Acres 11.66 Land Subtotal: 77 $6,604 $1,920 No Buildings on Parcel htM'//manc .nnrri pi, rnm Mink e4M/11To1A/n.+C..1 rnr..rnr...... ...... . __ _ Le ' I. / , Report Date:08/0912004 08:47AM WELD COUNTY TREASURER Page: 1 CERTIFICATE OF TAXES DUE CERT#: 19758 SCHEDULE NO: R4785886 ORDER NO: H0006019 ASSESSED TO: VENDOR NO: 32 R& M LAND CO FIRST AMERICAN HERITAGE TITLE 13184 WELD CO RD 13 1000 CENTRE AVENUE LONGMONT,CQ80504 FT COLLINS CO 80525 - LEGAL-DESCRIPTION:-- - - - - - - 25654 N2NE4 36 3 68(3R) PARCEL: 120736000029 SITUS ADD: TAX YEAR CHARGE TAX AMOUNT INTEREST FEES PAID TOTAL DUE 2003 TAX 142.96 0.00 0.00 142.96 0.00 TOTAL TAXES 0.00 GRAND TOTAL DUE GOOD THROUGH 08/09/2004 0.00 ORIGINAL TAX BILLING FOR 2003 TAX DISTRICT 2311 - Authority Mill Levy Amount Values Actual Assessed WELD COUNTY 21.474 41.22 AGRICULTUR 6,604 1,920 SCHOOL DIST RE1J 40.374 77.52 - NCW WATER 1.000 1.92 TOTAL 6,604 1,920 SVW WATER 0.243 0.47 MTN VIEW FIRE(BOND 2008) 0.300 0.58 WELD LIBRARY 3.249 6.24 LONGMONT CONSERVATION 0.000 0.00 MOUNTAIN VIEW FIRE 7.817 15.01 TAXES FOR 2003 74.457 142.96 FEE FOR THIS CERTIFICATE 10.00 ').--"\LL TAX LIEN SALE AMOUNTS ARE SUBJECT TO CHANGE DUE TO ENDORSEMENT OF CURRENT TAXES BY THE LIENHOLDER tR TO ADVERTISING AND DISTRAINT WARRANT FEES. CHANGES MAY OCCUR AND THE TREASURER'S OFFICE WILL NEED TO BE CONTACTED PRIOR TO REMITTANCE AFTER THE FOLLOWING DATES: PERSONAL PROPERTY AND MOBILE HOMES-AUGUST 1, . REAL PROPERTY-AUGUST 1. TAX LIEN SALE REDEMPTION AMOUNTS MUST BE PAID BY CASH OR CASHIERS CHECK SPECIAL TAXING DISTRICTS AND THE BOUNDARIES OF SUCH DISTRICTS MAY BE ON FILE WITH THE BOARD OF COUNTY COMMISSIONERS,THE COUNTY CLERK OR THE COUNTY ASSESSOR. This certificate does not include land or improvements assessed under a separate account number,personal property taxes, transfer tax or misc.tax collected on behalf of other entities,special or local improvement district assessments or mobile homes,unless specifically mentioned. I,the undersigned,do hereby certify that the entire amount of taxes due upon the above described parcels of real property and all outstanding sales for unpaid taxes as shown by the records in my office from which the same may still be redeemed with the amount required for redemption are as noted herein.In witness whereof,I have hereunto set my hand and seal this 09th day of August.2004. TREASURER,WELD COUNTY,CLAUD W.HANES, BY:P.O.Box 458gieli,' ��✓ Greeley,CO 80632 (970)353-3845 ext 3290 .r • Jr, Land Title Guarantee Company OCT 5 CUSTOMER DISTRIBUTION Land Title GUARANI EC COMPANY Date: 09-30-2004 Our Order Number: FC25042996-3 Properly Address: - - VACANT LAND LONGMONT, CO 80504 If you have any inquiries or require further assistance,please contact one of the numbers below: For Title Assistance: For Closing Assistance: Ft. Collins "FC"Unit Claire Riley Wendy Bell 6041 S. SYRACUSE WAY#100 772 WHALERS WAY#100 ENGLEWOOD, CO 80111 FORT COLLINS, CO 80525 Phone: 303-740-6293 Phone: 970-282-3649 Fax: 303-740-8514 Fax: 970-282-3652 EMail: criley@ltgc.com EMail: wbell@ltgc.com • ",,," ,:, CARMA COLORADO C/O CHRISTOPHER WA4T s R 9110 E NICHOLS AVE#180 13600 WELD COUNTY RD. 11 ENGLEWOOD, CO 80112 LONGMONT, CO.80504 Attn: CAROLE DODERO Copies: I Phone: 303-790-6591 Sent Via US Postal Service Fax: 303-706-9453 Copies: 1 EMail: cdodero@canna.ca Sent Via EMail LAND TITLE GUARANTEE COMPANY GREENBERG TRAURIG LLP 6041 S.SYRACUSE WAY#100 THE TABOR CENTER ENGLEWOOD, CO 80111 1200.17TH ST#2400 Atm: Claire Riley DENVER,CO 80202 Phone: 303-740-6293 Attn: KEITH M POCKROSS Fax: 303-740-8514 Phone: 303-572-6516 EMail:criley@Itgc.com Fax: 303-572-6598 Copies: 1 EMail:pockrossk@gtlaw.com Sent Via EMail JOHNSON&REPUCCI LLP CARROLL&LANGE,INC 2521 BROADWAY,SUITE A 165 S UNION BLVD BOULDER,CO 80304 LAKEWOOD, CO 80228 Attn: MICHAEL J.REPUCCI Atm: BILL HESSELBACH Phone: 303-442-1900 Phone: 303-980-0200 Fax: 303-442-0191 Fax: 303-980-0917 EMail:hrsmith@j-rlaw.com Copies: 1 r' Sent Via EMail Sent Via Fax Land Title Guarantee Company Land Tide Date: 09-30-2004 GUARANI EL COMPANY Our Order Number: FC25042996-3 Property Address: VACANT LAND LONGMONT, CO 80504 Buyer/Borrower: CARMA COLORADO, INC., A NEVADA CORPORATION Seller/Owner: WAGNER FAMILY FARM, LLP, A COLORADO LIMITED LIABILITY PARTNERSHIP (AS TO PARCEL 1) AND MICHAEL H. WAGNER AND CHRISTOPHER J. WAGNER AND JOYCE LYNN WAGNER-KNIGHT(AS TO Wire Information: Bank:FIRSTBANX OF COLORADO 10403 W COLFAX AVENUE LAKEWOOD, CO 80215 Phone: 303-237-5000 Credit:LAND TITLE GUARANTEE COMPANY ABA No.:107005047 Account:2160521825 Attention: Claire Riley Note: Once an original commitment has been issued, any subsequent modifications will be emphasized by underlining or comments. ****************************************************************** Need a map or directions for your upcoming closing? Check out Land Title's web site at www.ltgc.com for directions to any of our 54 office locations. ESTIMATE OF TITLE FEES Alta Owners Policy 10-17-92 $4,761. 00 Alta Loan Policy 10-17-92 $100.00 Deletion of Standard Exception(s) (Owner) $100.00 Tax Report $40.00 r If Land Title Guarantee Company will be closing this transaction, above fees will be collected at that time. TOTAL $5,001.00 ton COMET 06/04 THANK YOU FOR YOUR ORDER! Old Republic National Title Insurance Company ALTA COMMITMENT Our Order No. FC25042996-3 Schedule A Cust. Ref.: Property Address: VACANT LAND LONGMONT, CO 80504 1. Effective Date: September 27, 2004 at 5:00 P.M. 2. Policy to be Issued, and Proposed Insured: "ALTA" Owner's Policy 10-17-92 $2,540,000.00 Proposed Insured: CARMA COLORADO, INC., A NEVADA CORPORATION "ALTA" Loan Policy 10-17-92 51,990,000.00 Proposed Insured: WAGNER FAMILY FARM, LLP, A COLORADO LIMITED LIABILITY PARTNERSHIP, ITS SUCCESSORS AND/OR ASSIGNS 3. The estate or interest in the land described or referred to in this Con n tment and covered herein is: A Fee Simple 4. Title to the estate or interest covered herein is at the effective date hereof vested in: SEE ATTACHED 5. The land referred to in this Commitment is described as follows: SEE ATTACHED PAGE(S)FOR LEGAL DESCRIPTION Our Order No. FC25042996-3 4.Title to the estate or interest covered herein is at the effective date hereof vested in: WAGNER FAMILY FARM, LLP, A COLORADO LIMITED LIABILITY PARTNERSHIP(AS TO PARCEL I) AND MICHAEL H. WAGNER AND CHRISTOPHER J. WAGNER AND JOYCE LYNN WAGNER-KNIGHT(AS TO PARCEL II) Our Order No. FC25042996-3 LEGAL DESCRIPTION PARCEL I: THE NORTH 1/2 OF THE NORTHEAST 1/4 OF SECTION 25, TOWNSHIP 3 NORTH, RANGE 68 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO: EXCEPTING THEREFROM THAT PORTION CONVEYED TO THE DEPARMENT OF HIGHWAYS IN DEED RECORDED IN BOOK 1491 AT PAGE 511, WELD COUNTY RECORDS. PARCEL II: LOT B, RECORDED EXEMPTION NO. 1207-25-1-RE1840, AS PER THE MAP RECORDED MARCH 6, 1996 AT RECEPTION NO. 2479616, BEING A PART OF THE SOUTH 1/2 OF THE NORTHEAST 1/4 OF SECTION 25, TOWNSHIP 3 NORTH, RANGE 68 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO. ALTA COMMITMENT Schedule B-1 (Requirements) Our Order No. FC25042996-3 The following are the requirements to be complied with: - - Payment to or for the account of the grantors or mortgagors of the full consideration for the estate or interest to be insured. Proper instrument(s)creating the estate or interest to be insured must be executed and duly filed for record, to-wit: 1. WARRANTY DEED FROM WAGNER FAMILY FARM, LLP, A COLORADO LIMITED LIABILITY PARTNERSHIP TO CARMA COLORADO, INC., A NEVADA CORPORATION CONVEYING SUBJECT PROPERTY. (AS TO PARCEL I) NOTE: REGISTRATION STATEMENT FILED WITH THE COLORADO SECRETARY OF STATE FOR WAGNER FAMILY FARM, LLP, A COLORADO LIMITED LIABILITY PARTNERSHIP DISCLOSE(S) CHRISTOPHER J. WAGNER, MICHAEL H. WAGNER, AND JOYCE LYNN WAGNER-KNIGHT AS THE MANAGER(S). r WARRANTY DEED FROM MICHAEL H. WAGNER, CHRISTOPHER J. WAGNER, AND JOYCE LYNN WAGNER-KNIGHT TO CARMA COLORADO, INC., A NEVADA CORPORATION CONVEYING SUBJECT PROPERTY. (AS TO PARCEL II) 3. DEED OF TRUST FROM CARMA COLORADO, INC., A NEVADA CORPORATION TO THE PUBLIC TRUSTEE OF WELD COUNTY FOR THE USE OF WAGNER FAMILY FARM, LLP, A COLORADO LIMITED LIABILITY PARTNERSHIP TO SECURE THE SUM OF$1,990,000.00. 4. (ITEM INTENTIONALLY DELETED) NOTE: ITEMS 1-3 OF THE STANDARD EXCEPTIONS WILL BE DELETED. MATTERS DISCLOSED IN SURVEY HAVE BEEN ADDED TO SCHEDULE B-2 HEREOF. UPON THE APPROVAL OF THE COMPANY AND THE RECEIPT OF A NOTARIZED FINAL LIEN AFFIDAVIT, ITEM NO. 4 OF THE STANDARD EXCEPTIONS WILL BE AMENDED AS FOLLOWS: ITEM NO. 4 OF THE STANDARD EXCEPTIONS IS DELETED AS TO ANY LIENS OR FUTURE LIENS RESULTING FROM WORK OR MATERIAL FURNISHED AT THE REQUEST OF WAGNER FAMILY FARM, LLP, A COLORADO LIMITED LIABILITY PARTNERSHIP(AS TO PARCEL I) AND MICHAEL H. WAGNER AND CHRISTOPHER J. WAGNER AND JOYCE LYNN WAGNER-KNIGHT (AS TO PARCEL II). OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY SHALL HAVE NO LIABILITY FOR ALTA COMMITMENT Schedule B-1 (Requirements) Our Order No. FC25042996-3 - Continued: ANY LIENS ARISING FROM WORK OR MATERIAL FURNISHED AT THE REQUEST OF CARMA COLORADO, INC., A NEVADA CORPORATION. NOTE: ITEM 5 OF THE STANDARD EXCEPTIONS WILL BE DELETED IF LAND TITLE GUARANTEE COMPANY CONDUCTS THE CLOSING OF THE CONTEMPLATED TRANSACTION(S) AND RECORDS THE DOCUMENTS IN CONNECTION THEREWITH. NOTE: UPON PROOF OF PAYMENT OF 2003 TAXES, ITEM 7 UNDER SCHEDULE B-2 WILL BE DELETED AND ITEM 6 WILL BE AMENDED TO READ: TAXES AND ASSESSMENTS FOR THE YEAR 2004 AND SUBSEQUENT YEARS. ITEM 8 UNDER SCHEDULE B-2 WILL BE DELETED UPON PROOF THAT THE WATER AND SEWER CHARGES ARE PAID UP TO DATE. ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042996-3 - The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements,not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 5. 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 of record for value the estate or interest or mortgage thereon covered by this Commitment. 6. Taxes and assessments not yet due or payable and special assessments not yet certified to the Treasurer's office. 7 Any unpaid taxes or assessments against said land. o. Liens for unpaid water and sewer charges, if any. 9. RIGHT OF WAY FOR COUNTY ROADS 30 FEET ON EITHER SIDE OF SECTION AND TOWNSHIP LINES, AS ESTABLISHED BY THE BOARD OF COUNTY COMMISSIONERS FOR WELD COUNTY, RECORDED OCTOBER 14, 1889 IN BOOK 86 AT PAGE 273. NOTE: ALTA SURVEY PREPARED BY CARROLL&LANGE SHOWS WELD COUNTY ROAD ON THE EASTERLY PROPERTY LINE 10. (ITEM INTENTIONALLY DELETED) 11. RIGHT OF WAY FOR RAILWAY AS RESERVED BY DENVER PACIFIC RAILWAY AND TELEGRAPH COMPANY IN DEED RECORDED JUNE 17, 1878 IN BOOK 22 AT PAGE 274. 12. RIGHT OF WAY EASEMENT AS GRANTED TO LITTLE THOMPSON VALLEY WATER DISTRICT IN INSTRUMENT RECORDED JULY 07, 1966, UNDER RECEPTION NO. 1492552. 13. OIL AND GAS LEASE, RECORDED JULY 17, 1970 UNDER RECEPTION NO. 1549372 AND ANY AND ALL ASSIGNMENTS THEREOF, OR INTEREST THEREIN. ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042996-3 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 14. RIGHT OF WAY EASEMENT AS GRANTED TO THE MOUNTAIN STATES TELEPHONE AND TELEGRAPH COMPANY A COLORADO CORPORATION IN INSTRUMENT RECORDED APRIL 12, 1976, UNDER RECEPTION NO. 1685753. 15. EASEMENTS, CONDITIONS, COVENANTS, RESTRICTIONS, RESERVATIONS AND NOTES ON THE RECORDED EXEMPTION PLAT. 16. EXISTING LEASES AND TENANCIES, IF ANY. NOTE: UPON RECEIPT OF AN AFFIDAVIT OF SELLER LISTING LEASES AND TENANCIES AT THE TIME OF CLOSING ABOVE EXCEPTION 16 WILL BE REVISED 17. FENCE NOT FOLLOWING NORTHERLY AND SOUTHERLY PROPERTY LINE, INTERNAL DIRT ROADS AND DITCHES AS SHOWN ON ALTA SURVEY DATED MAY 24, 2004 PREPARED BY CARROLL AND LANGE THEIR JOB NO. 3075. NOTE: THE FOLLOWING NOTICES PURSUANT TO CRS 9-1.5-103 CONCERNING UNDERGROUND FACILITIES HAVE BEEN FILED WITH THE CLERK AND RECORDER. THESE STATEMENTS ARE GENERAL AND DO NOT NECESSARILY GIVE NOTICE OF UNDERGROUND FACILITIES WITHIN THE SUBJECT PROPERTY: (A) MOUNTAIN BELL TELEPHONE COMPANY, RECORDED OCTOBER 1, 1981 IN BOOK 949 AT RECEPTION NO. 1870705. (B) ASSOCIATED NATURAL GAS, INC., RECORDED JULY 20, 1984 IN BOOK 1037 AT RECEPTION NO. 1974810 AND RECORDED OCTOBER 1, 1984 IN BOOK 1045 AT RECEPTION NO. 1983584 AND RECORDED MARCH 3, 1988 IN BOOK 1187 AT RECEPTION NO. 2132709 AND RECORDED APRIL 10, 1989 IN BOOK 1229 AT RECEPTION NO. 2175917. (C) PANHANDLE EASTERN PIPE LINE COMPANY, RECORDED OCTOBER I, 1981 IN BOOK 949 AT RECEPTION NO. 1870756 AND RECORDED JUNE 26, 1986 IN BOOK 1117 AT RECEPTION NO. 2058722. (D) COLORADO INTERSTATE GAS COMPANY, RECORDED AUGUST 31, 1984 IN BOOK 1041 AT RECEPTION NO. 1979784. (E) WESTERN GAS SUPPLY COMPANY, RECORDED APRIL 2, 1985 IN BOOK 1063 AT RECEPTION NO. 2004300. (F) ST. VRAIN SANITATION DISTRICT, RECORDED DECEMBER 14, 1988 AT RECEPTION NO. 2164975. (G) UNITED POWER, INC., RECORDEDJANUARY 24, 1991 AT RECEPTION NO. 2239296. • -^ LAND TITLE GUARANTEE COMPANY DISCLOSURE STATEMENTS Note: Pursuant to CRS 10-11-122, notice is hereby given that: A) The subject real property may be located in a special taxing district. B) A Certificate of Taxes Due listing each taxing jurisdiction may be obtained from the County Treasurer's authorized agent. C) The information regarding special districts and the boundaries of such districts may be obtained from the Board of County Commissioners, the County Clerk and Recorder, or the County Assessor. Note:Effective September I, 1997, CRS 30-10-406 requires that all documents received for recording or filing in the clerk and recorder's office shall contain a top margin of at least one inch and a left, right and bottom margin of at least one half of an inch. The clerk and recorder may refuse to record or file any document that does not conform, except that, the requirement for the top margin shall not apply to documents using forms on which space is provided for recording or filing information at the top margin of the document. Note:Colorado Division of Insurance Regulations 3-5-1, Paragraph C of Article VII requires that "Every title entity shall be responsible for all matters which appear of record prior to the time of recording whenever the title entity conducts the closing and is responsible for recording or filing of legal documents resulting from the transaction which was closed". Provided that Land Title Guarantee Company conducts the closing of the insured transaction and is responsible for recording the legal documents from the transaction, exception number 5 will not appear on the Owner's Title Policy and the Lenders Policy when issued. Note:Affirmative mechanic's lien protection for the Owner may be available (typically by deletion of Exception no. 4 of Schedule B, Section 2 of the Commitment from the Owner's Policy to be issued)upon compliance with the following conditions: A)The land described in Schedule A of this commitment must be a single family residence which includes a condominium or townhouse unit. B) No labor or materials have been furnished by mechanics or material-men for purposes of construction on the land described in Schedule A of this Commitment within the past 6 months. C)The Company must receive an appropriate affidavit indemnifying the Company against un-filed mechanic's and material-men's liens. D)The Company must receive payment of the appropriate premium. E) If there has been construction, improvements or major repairs undertaken on the property to be purchased within six months prior to the Date of the Commitment, the requirements to obtain coverage for unrecorded liens will include: disclosure of certain construction information; financial information as to the seller, the builder and or the contractor; payment of the appropriate premium fully executed Indemnity Agreements satisfactory to the company, and, any additional requirements as may be necessary after an examination of the aforesaid information by the Company. No coverage will be given under any circumstances for labor or material for which the insured has contracted for or agreed to pay. Note: Pursuant to CRS 10-11-123, notice is hereby given: This notice applies to owner's policy commitments containing a mineral severance instrument exception, or exceptions, in Schedule B, Section 2. A)That there is recorded evidence that a mineral estate has been severed, leased, or otherwise conveyed from the surface estate and that there is a substantial likelihood that a third party holds some or all interest in oil, gas, other minerals, or geothermal energy in the property; and B) That such mineral estate may include the right to enter and use the property without the surface owner's permission. Nothing herein contained will be deemed to obligate the company to provide any of the coverages referred to herein unless the above conditions are fully satisfied. Form DISCLOSURE 09/01/02 JOINT NOTICE OF PRIVACY POLICY OF LAND TITLE GUARANTEE COMPANY AND LAND TITLE INSURANCE CORPORATION AND OLD REPUBLIC NATIONAL 117ZE INSURANCE COMPANY Title V of the Gramm-Leach-Bliley Act(GLBA)generally prohibits any financial institution, directly or through its affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party unless the institution provides you with a notice of its privacy policies and practices, such as the type of information that it collects about you and the categories of persons or entities to whom it may be disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of Land Title Guarantee Company and Land Title Insurance Corporation and Old Republic National Title Insurance Company. We may collect nonpublic personal information about you from the following sources: Information we receive from you such as on applications or other forms. Information about your transactions we secure from our files, or from our affiliates or others. Information we receive from a consumer reporting agency. Information that we receive from others involved in your transaction, such as the real estate agent or lender. Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic personal information will be collected about you. We may disclose any of the above information that we collect about our customers or former customers to our affiliates or to nonaffiliated third parties as permitted by law. We also may disclose this information about our customers or former custoun,.s to the following types of nonaffiliated companies that perform marketing services on our behalf or with whom we have joint marketing agreements: * Financial service providers such as companies engaged in banking, consumer finance, securities and insurance. * Non-financial companies such as envelope stuffers and other fulfillment service providers. WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. F^^ Form PRIV.POL.ORT Commitment to Insure ALTA Commitment.1970 Rev. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY,a Minnesota corporation,herein called the Company,for a * * valuable consideration,hereby commits to issue its policy or policies of title insurance,as identified in Schedule A,in favoi ■ ��`- "k of the proposed Insured named n Schedule A,as owner or mortgagee of the estate or interest covered hereby n the land * i V * described or referred to in Schedule A.upon payment of the premiums and charges therefor,all subject to the provisions of Schedule A and B and to the Conditions and Stipulations hereof. This Condiment shall be effective only when the identity of the proposed Insured and the amount of the policy or * * policies committed for have been inserted in Schedule A hereof by the Company,either at the time of the issuance of this * * Condiment or by subsequent endorsement. This Commitment is preliminary to the issuance of such policy or policies of title insurance and aft liability and obligations hereunder shaft 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,shag include deed of trust,trust deed,or other security instrument. 2.If the proposed Insured has or acquires actual knowledge of any defect,ben,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 shat fail to disclose such knowledge to the Company in writing,the Company shat be relieved from liabdity 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 shaft disclose such knowledge to the Company,or if the Company otherwise acquires actual knowledge of any such defect,ken,encumbrance,adverse claim or other matter,the Company at its option may amend Schedule B of this Commitment accordingly,but such amendment shat not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions and Stipulations. 3.Liabdrty of the company under this Commitment shag 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(alto comply with the requirements hereof or Pt to eliminate exceptions shown in Schedule B,or(cite acquire or create the estate or interest or mortgage thereon covered by this Commitment.In no event shat such liability exceed the amount stated in Schedule A for the poky 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 poky or policies conaritted,for in favor of the proposed Insured which are hereby incorporated by reference and made a part of this Convritment 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 covers by this Commitment mist be based on and are subject to the provisions of this Condiment. STANDARD EXCEPTIONS In addition to the matters contained in the Conditions and Stipulations and Exclusions from Coverage above referred to,this Comritment is also subject to the fokowng: 1.Rights or claims of parties in possession not shown by the public records. 2.Easements,or claims of easements,not shown by the public records. 3.Discrepancies,conflicts in boundary fines,shortage in area,encroachments,and any facts which a correct survey and inspection of the prenises would disclose and which are not shown by the public records. • 4.Any lien,or right to a ben,for services,labor or material theretofore or hereafter furnished,imposed by law and not shown by the public records. 5.Defects,hens,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 of record for value the estate or interest or mortgage thereon covered by this Commitment. 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 TtTlE� n 400 Second Avenue South ...•4>011:* d k \aAl 1_ _ /7 ism Minneapolis,Minnesota 55401 + ♦ r i �..O--L�-A.01VI�C.J�-C��° 1672)3711111 -m * * m Authorized Signature o * * o d s CC.ORT d°Jo•'a,Nda�`" l .L,(� /G Report Date: 04/22/2004 04:48PM WELD COUNTY TREASURER Page: 1 CERTIFICATE OF TAXES DUE CERT k: 11543 SCHEDULE NO: R1192896 ORDER NO: 25042996 ASSESSED TO: VENDOR NO: 14 WAGNER FAMILY FARM LLP LAND TITLE OF FT COLLINS 13600 WELD CO RD 11 772 WHALERS WAY STE 100 LONGMONT, CO-80504 - FT COLLINS CO 80525 - LEGAL DESCRIPTION: PT NE4 25-3-68 LOT B REC EXEMPT RE-1840(.47R) PARCEL: 120725100002 SITUS ADD: TAX YEAR CHARGE TAX AMOUNT INTEREST FEES PAID TOTAL DUE 2003 TAX 427.40 0.00 0.00 427.40 0.00 TOTAL TAXES 0.00 GRAND TOTAL DUE GOOD THROUGH 04/23/2004 0.00 ORIGINAL TAX BILLING FOR 2003 TAX DISTRICT 2309- Authority Mill Levy Amount Values Actual Assessed WELD COUNTY 21.474 123.27 AGRICULTUR 19,791 5,740 SCHOOL DIST RE1J 40.374 231.76 - _ ____ NCW WATER 1.000 5.74 TOTAL 19,791 5,740 SVW WATER 0.243 1.39 LTW WATER 0.000 0.00 MTN VIEW FIRE(BOND 2008) 0.300 1.72 WELD LIBRARY 3.249 18.65 LONGMONT CONSERVATION 0.000 0.00 MOUNTAIN VIEW FIRE 7.817 44.87 CAXES FOR 2003 74.457 427.40 FEE FOR THIS CERTIFICATE 10.00 ALL TAX LIEN SALE AMOUNTS ARE SUBJECT TO CHANGE DUE TO ENDORSEMENT OF CURRENT TAXES BY THE LIENHOLDER OR TO ADVERTISING AND DISTRAINT WARRANT FEES. CHANGES MAY OCCUR AND THE TREASURER'S OFFICE WILL NEED TO BE CONTACTED PRIOR TO REMITTANCE AF I bit THE FOLLOWING DATES: PERSONAL PROPERTY AND MOBILE HOMES-AUGUST 1, REAL PROPERTY-AUGUST 1. TAX LIEN SALE REDEMPTION AMOUNTS MUST BE PAID BY CASH OR CASHIERS CHECK. SPECIAL TAXING DISTRICTS AND THE BOUNDARIES OF SUCH DISTRICTS MAY BE ON FILE WITH THE BOARD OF COUNTY COMMISSIONERS,THE COUNTY CLERK,OR THE COUNTY ASSESSOR. This certificate does not include land or improvements assessed under a separate account number,personal property taxes, transfer tax or misc.tax collected on behalf of other entities,special or local improvement district assessments or mobile homes,unless specifically mentioned. 1,the undersigned,do hereby cerdfy that the entire amount of taxes due upon the above described parcels of real property and all outstanding sales for unpaid taxes as shown by the records in my office from which the same may still be redeemed with the amount required for redemption are as noted herein.In witness whereof,I have hereunto set my hand and seal this 22nd day of April,2004. TREASURER, WELD COUNTY, CLAUD W.HANES, BY: P.O. Box 458 / it f/Q Greeley, CO 80632 (970)353-3845 ext.3290 Report Date: 04/22/2004 04:48PM WELD COUNTY TREASURER Page: 1 STATEMENT OF TAXES DUE 'CHEDULE NO: W6675586 ASSESSED TO: WAGNER FAMILY FARM LLP 13600 WCR 11 LONGMONT, CO 80504-9656 LEGAL DESCRIPTION: _ - - 60AF NE4 25 368 EXC LOT A OF REC EXEMPT#I207-25-1-RE1840 AS RECORDED IN 1536/2479616 EXC ALL EXIST R/W&EASE PARCEL: 120725100002 SITUS ADD: TAX YEAR ASSESSMENT ASMT AMOUNT INTEREST FEES PAID TOTAL DUE 2003 7810 476.40 0.00 0.00 476.40 0.00 TOTAL ASMT 0.00 GRAND TOTAL DUE GOOD THROUGH 04/23/2004 0.00 ORIGINAL TAX BILLING FOR 2003 TAX DISTRICT 7110- Authority Mill Levy Amount Values Actual Assessed TAXES FOR 2003 0.000 0.00 TOTAL 0 0 NORTHERN COLORADO WATER 476.40 ALL TAX LIEN SALE AMOUNTS ARE SUBJECT TO CHANGE DUE TO ENDORSEMENT OF CURRENT TAXES BY THE LIENHOLDER OR TO ADVERTISING AND DISTRAINT WARRANT FEES. CHANGES MAY OCCUR AND THE TREASURER'S OFFICE WILL NEED TO BE CONTACTED PRIOR TO REMITTANCE AFTER THE FOLLOWING DATES: PERSONAL PROPERTY AND MOBILE HOMES-AUGUST I, REAL PROPERTY-AUGUST 1. TAX LIEN SALE REDEMPTION AMOUNTS MUST BE PAID BY CASH OR CASHIERS CHECK. P.O.Box 458 Greeley, CO 80632 170)353-3845 ext.3290 Treasurer's Tax Search Result P -e Page 1 of 1 ."3r: 3 Se -¢cr H 57;^ t ,_iIt, ' ii vQ f ' 0 � .,�.,.-.taysb !! Cent 1. Home > beoartments > Treasurer's Office > Tax Search > Tax Search Results Tax Search Details Information for tax year: 2004 payable in 2005 Property Information Owner Name: Wagner Family Farm Llp Address: City: Weld County, CO Account Number: R1192996 Parcel Number: 120725100003 Legal Address: n2 ne4 25-3-68 (2.72r) Payment Information Total Tax Amount: $675.48 Actual Land Value $32,059.00 First Half Amount: $0.00 Actual Improved Value $0.00 Second Half Amount: $0.00 Actual Total Value $32,059.00 SR. Exemption: $0.00 Assessed Land Value $9,300.00 Full Amount Paid: $0.00 Assessed Improved Value $0.00 Current Balance: $675.48 Assessed Total Value $9,300.00 IF any of the following fields are "YES" please contact the Treasurer's Office for more information. Tax Status Tax Liens: No Tax Area 2309 Prior Taxes Due: No Senior Homestead Exemption: No Special Improvement Tax: No Mill Levy 72.632 Database Last Updated at: 02:29 AM on January 14, 2005 htto://www.co.weld.cn us/cienartmentq/treasnreritnyhav rPenitc rfi „ , 1UG11LLly 2lCJ41 Lb rdb'c 1 w. 1 Parcel Valuation Account#: R1192996 - Parcel*: 120725100003 Owners Name&Address: Property Address: WAGNER FAMILY FARM LAP Street: 13600 WELD CO RD 11 City: LONGMONT, CO 80504 Business/Complex: Legal Description N2 NE4 25-3-68 (2.72R) Land Value $32,059 Land Assessed Value $9,300 Imor. Value $Q Imor. Assessed Value $4 Total Value $32,059 Total Assessed Value $9,300 Total Taxes: $692.44 Amount Due: $0.00 Tax Area: Bordering County: Township Range Section Ouart.Sec. Subdivison Name Block* Lot* 03 -68 -25- 1 - - Land Subtotal: Acres:77.2 Sale Price Sale Date Deed Type Reception # $0 r-� http://maps.merrick.com/Website/Weld/setSgl.asp?cmd=QUERY&DET=Parcel&Din=120... 11/Rnnna iucuuiy IN.CSULI.J rage lor1 WELD COUNTY ASSESSOR PROPERTY PROFILE Account#: R1192996 Parcel#: 120725100003 Tax Area: 2309 Bordering County: Acres: 77.2 Township Range Section Quart. Sec. Subdivlson Name Block# Lot#03 - 68 -25 - 1 - Owners Name$Address: Property Address: WAGNER FAMILY FARM LLP Street: 13600 WELD CO RD 11 City: LONGMONT, CO 80504 Business/Complex: Sales Summary Sale Date Sale Price Deed Type Reception# $0 Legal Description II N2 NE4 25-3-68 (2.72R) II Land Valuation Summary Land Type Abst Code Unit of Number of Assessed Measure Units Actual Value Agricultural 4117 Acres 44.7 Value Agricultural 4117 Acres 32.5 Land Subtotal: 77.2 $32,059 $9,300 No Buildings on Parcel http://maps.merrick.com/Website/Wetd/setSol.asD?cmd=nT TF.RY,CnFT—nnR,.,:..—,nnlnc , . , ,, Report Date:04/22/2004 04:48PM WELD COUNTY TREASURER Page: 1 ,�-.. STATEMENT OF TAXES DUE SCHEDULE NO:W6675586 ASSESSED TO: WAGNER FAMILY FARM LLP 13600 WCR 11 LONGMONT,CO 80504-9656 LEGAL DESCRIPTION: - 60AF NE4 25 368 EXC LOT A OF REC EXEMPT#1207-25-1-RE1840 AS RECORDED IN 1536/2479616 EXC ALL EXIST R/W&EASE PARCEL: 120725100002 SITUS ADD: TAX YEAR ASSESSMENT ASMT AMOUNT INTEREST FEES PAID TOTAL DUE 2003 7810 476.40 0.00 0.00 476.40 TOTAL ASMT0. 0.00 GRAND TOTAL DUE GOOD 1'HItOUGH 04/23/2004 00().0 0 ORIGINAL TAX BILLING FOR 2003 TAX DISTRICT 7110- . Authority Mill Levy Amount Values Actual Assessed TAXES FOR 2003 0.000 0.00 TOTAL 0 p NORTHERN COLORADO WATER 476.40 ALL TAX LIEN SALE AMOUNTS ARE SUBJECT TO CHANGE DUE TO ENDORSEMENT OF CURRENT TAXES BY THE LIENHOLDER OR TO ADVERTISING AND DISTRAINT WARRANT FEES. CHANGES MAY OCCUR AND THE TREASURER'S OFFICE WILL NEED TO BE CONTACTED PRIOR TO REMITTANCE AFTER THE FOLLOWING DATES: PERSONAL PROPERTY AND MOBILE HOMES-AUGUST 1, REAL PROPERTY-AUGUST 1. TAX LIEN SALE REDEMPTION AMOUNTS MUST BE PAID BY CASH OR CASHIERS CHECK, P.O.Box 458 Greeley, CO 80632 (970)353-3845 ext.3290 r� Property lax information Page 1 of 1 Iy_ M r Hume II Services 'I Departments II Abo.il Weld FI Property Snformation Conta, Home > Departments > Treasu'rer's Office > Tax Search > Tax Search Results > Tax Detail Tax Search Details Information for tax year: 2004 payable in 2005 Property Information Owner Name: Wagner Family Farm Llp Address: City: Weld County, CO Account W6675586 Number: Parcel Number: 120725100002 Legal Address: 60af ne4 25 3 68 exc lot a of rec exempt #1207-25-1-re1840 as recorded in 1536/2479616 exc all exist r/w & ease Payment Information Total Tax Amount: $486.00 Actual Land Value $0.00 First Half Amount: $0.00 Actual Improved Value $0.00 Second Half Amount: $0.00 Actual Total Value $0.00 SR. Exemption: $0.00 Assessed Land Value $0.00 Full Amount Paid: $0.00 Assessed Improved Value $0.00 Current Balance: $486.00 Assessed Total Value $0.00 IF any of the following fields are "YES" please contact the Treasurer's Office for more information. Tax Status Tax Liens: No Senior Homestead Exemption: No Prior Taxes Due: No Tax Area 7110 Special Improvement Tax: No Mill Levy Database Last Updated at: 02:29 AM on January 14, 2005 http://www.co.weld.co.us/denntm ;,,fn rfrn,9 A rrnr nrr,.,n_n„c nc 1 „ A ,,,i,, Identify Results Page 1 of 1 Parcel Valuation Account#: R1192896 Parcel#: 120725100002 Owners Name&Address: Property Address: WAGNER FAMILY FARM LLP Street: 13600 WELD CO RD 11 City: LONGMONT,CO 80504 Business/Complex: - Legal Description PT NE4 25-3-68 LOT B REC EXEMPT RE-1840 (.47R) Land Value $19,791 Land Assessed Value Imor. Value gQ $5,740 Imor. Assessed Value Total Value $19,791 Total Assessed Value $5,740 Total Taxes: $416.92 Amount Due: $416.92 Tax Area: Bordering County: Township Range Section Quart.Sec., SubdWison Name Block# Lot* 03 -68 -25 - 1 -- Land Subtotal: Acres:46.63 Sale Price Sale Date Deed TYPO Reception$0 # htM•//rn art einnan-r4 t- 111 L :a /1i)_l-1i-_.n_t n ---___ Identify Results Page 1 of 1 WELD COUNTY ASSESSOR PROPERTY PROFILE Accounts: P1192896 Parcels: 120725100002 Tax Area: 2309 Bordering County: Acres: 46.63 Township Range Section Ouart.Sec. - Subdivison Name Block* Lots 03 -68 -25 - 1 Owners Name&Address: Property Address: WAGNER FAMILY FARM LLP Street: 13600 WELD CO RD 11 City: LONGMONT, CO 80504 Business/Complex: Sales Summary Sale Date Sale Price Deed Type Reception s $0 Legal Description PT NE4 25-3-68 LOT 8 REC EXEMPT RE-1840 (.47R) Land Valuation Summary ^ Land Type Abst Code Unit o} Number of Assessed Measure Units Actual Value Agricultural 4117 Acres 12.13 Value Agricultural 4117 Acres 4.5 Agricultural 4117 Acres 30 Land Subtotal: 46.63 $19,791 $5,740 No Buildings on Parcel httn•//mcinc mn.«e1, ....«./117,1...:a,./w_i A/__an_1 __ n __ - Report Date:04/22/2004 04:48PM WELD COUNTY TREASURER Page:1 CERTIFICATE OF TAXES DUE CERT#: 11543 SCHEDULE NO:R1192896 ORDER NO: 25042996 ASSFcSED TO: VENDOR NO: 14 WAGNER FAMILY FARM LLP LAND TITLE OF FT COLLINS 13600 WELD CO RI)11 772 WHALERS WAY STE 100 - LONGMONT,CO 80504 - ' FT COLLINS CO 80525 - LEGAL DESCRIPTION: FT NE4 25-3-68 LOT B REC EXEMPT RE-1840(.47R) PARCEL: 120725100002 SITUS ADD: TAX YEAR CHARGE TAX AMOUNT INTEREST FEES PAID TOTAL DUE 2003 TAX 427.40 0.00 0.00 427.40 TOTAL TAXES 0.00 ----_ 0.00 GRAND TOTAL DUE GOOD THROUGH 04/23/2004 0.00 ORIGINAL TAX BILLING FOR 2003 TAX DISTRICT 2309- Authority Mill Levy Amount Values Actual Assessed WELD COUNTY 21.474 123.27 AGRICULTUR 19,791 5,740 SCHOOL DIST RE1J 40.374 231.76 NCW WATER 1.000 5.74 TOTAL 19,791 5,740 SVW WATER 0.243 1.39 LTW WATER 0.000 0.00 MTN VIEW FIRE(BOND 2008) 0.300 1.72 WELD LIBRARY 3.249 18.65 LONGMONT CONSERVATION 0.000 0.00 MOUNTAIN VIEW FIRE 7.817 44.87 i^ TAXES FOR 2003 74.457 427.40 FEE FOR THIS CERTIFICATE 10.00 ALL TAX LIEN SALE AMOUNTS ARE SUBJECT TO CHANGE DUE TO ENDORSEMENT OF CURRENT TAXES BY THE LIENHOLDER OR TO ADVERTISING AND DISTRAINT WARRANT FEES. CHANGES MAY OCCUR AND THE TREASURER'S OFFICE WILL NEED TO BE CONTACTED PRIOR TO REMITTANCE AFTER THE FOLLOWING DATES: PERSONAL PROPERTY AND MOBILE HOMES-AUGUST 1, REAL PROPERTY•AUGUST 1. TAX LIEN SALE REDEMPTION AMOUNTS MUST BE PAID BY CASH OR CASHIERS CHECK. SPECIAL TAXING DISTRICTS AND THE BOUNDARIES OF SUCH DISTRICTS MAY BE ON FILE WITH THE BOARD OF COUNTY COMMISSIONERS,THE COUNTY CLERK,OR THE COUNTY ASSESSOR. This certificate does not include land or improvements assessed under a separate account number,personal property taxes, transfer tax or misc.tax collected on behalf of other entities,special or local improvement district assessments or mobile homes,unless specifically mentioned. I,the undersigned,do hereby certify that the entire amount of taxes due upon the above described parcels of real ptup,..ty and all outstanding sales for unpaid taxes as shown by the records in my office from which the same may still be redeemed with the amount required for redemption are as noted herein.In witness whereof,I have hereunto set my hand and seal this 22nd day of April,Sotel 2004. TREASURER, WELD COUNTY,CLAUD W.HANES,BY: P.O.Box 458 �tm,� Greeley,CO 80632 (970)353-3845 ext.3290 1 Land Title Guarantee Company CUSTOMER DISTRIBUTION Land Title GUARANTEE COMPANY Date: 09-30-2004 - - Our Order Number: FCC25043000-4 Property Address: NA VACANT LAND LONGMONT, CO 80501 Ifyou have any inquiries or require further assistance, please contact one of the numbers below. For Title Assistance: For Closing Assistance: Ft. Collins "FCC" Unit Claire Riley Wendy Bell 6041 S. SYRACUSE WAY#100 772 WHALERS WAY#100 ENGLEWOOD, CO 80111 FORT COLLINS, CO 80525 Phone: 303-740-6293 Phone: 970-282-3649 Fax: 303-740-8514 Fax: 970-282-3652 EMail: criley@]tgc.com EMail: wbell@]tgc.com CARMA COLORADO /O LOUIS RADEMACHER 9110 E NICHOLS AVE#180 13184 WELD COUNTY ROAD 13 ENGLEWOOD,CO 80112 LONGMONT,CO 80504 Attn: CAROLE DODERO Ps" Copies: 1 Phone: 303-790-6591 Sent Via US Postal Service Fax: 303-706-9453 Copies: 1 EMail:cdodero@carma.ca Sent Via EMail LAND TITLE GUARANTEE COMPANY GREENBERG TRAURIG LLP 6041 S.SYRACUSE WAY#100 THE TABOR CENTER ENGLEWOOD, CO 80111 1200 17TH ST#2400 Ann: Claire Riley DENVER, CO 80202 Phone: 303-740-6293 Ann: KEITH M.POCKROSS Fax: 303-740-8514 Phone: 303-572-6516 EMail:criley@Itgc.com Fax: 303-572-6598 Copies: 1 EMail:adeasamm@gilaw.com Sent Via EMail JOHNSON&REPUCCI LLP CARROLL&LANGE,INC 2521 BROADWAY,SUITE A 165 S UNION BLVD BOULDER,CO 80304 LAKEWOOD, CO 80228 Attn: MICHAEL J.REPUCCI Attn: BILL HESSELBACH Phone: 303-442-1900 Phone: 303-980-0200 Fax: 303-442-0191 Fax: 303-980-0917 Copies: 1 Copies: 1 EMail:hrsmith@j-rlaw.com EMail:whasselbach@carroll-lange.cam ,A'�.Sem Via EMail Sent Via EMail Land Title Guarantee Company Date: 09-30-2004 Land Title Our Order Number: FCC25043000-4 (Al/MANTEL COMPANY Property Address: NA VACANT LAND LONGMONT, CO 80501 Buyer/Borrower: CARMA COLORADO, INC, A NEVADA CORPORATION Seller/Owner: L &JR FAMILY LIMITED LIABILITY PARTNERSHIP, A COLORADO LIMITED LIABILITY PARTNERSHIP Wire Information: Bank:FIRSTBANK OF COLORADO 10403 W COLFAXAVENUE LAKEWOOD, CO 80215 Phone:303-237-5000 Credit LAND TITLE GUARANTEE COMPANY ABA No.: 107005047 Account 2160521825 Attention: Claire Riley sssssssxs*ssr:asessrrsr*s*ss*ssrrr+****ss*srssrs*****e***sr*s**x** Note: Once an original commitment has been issued, any subsequent modifications will be emphasized by underlining or comments. **ss********************r**r********r r***************s*a**s***♦*** Need a map or directions for your upcoming closing? Check out Land Title's web site at www.ltgc.com for directions to any of our 54 office locations. ESTIMATE OF TITLE FEES Alta Owners Policy 10-17-92 $6,280.00 Alta Loan Policy 10-17-92 $200.00 Deletion of Standard Exception(s) (Owner) $500.00 Tax Report $40.00 If Land Title Guarantee Company will be closing this transaction, above fees will be collected at that time. TOTAL $6,520.00 Para ammee DI/D4 THANK YOU FOR YOUR ORDER! Old Republic National Title Insurance Company ALTA COMMITMENT Our Order No. FCC25043000-4 Schedule A Cust. Ref.: Property Address: NA VACANT LAND LONGMONT, CO 80501 1. Effective Date: September 27. 2004 at 5:00 P.M. 2. Policy to be Issued, and Proposed Insured: "ALTA" Owner's Policy 10-17-92 $3,490,000.00 Proposed Insured: CARMA COLORADO, INC, A NEVADA CORPORATION "ALTA" Loan Policy 10-17-92 $2,950,000.00 Proposed Insured: L &JR FAMILY LIMITED LIABILITY PARTNERSHIP,A COLORADO LIMITED LIABILITY PARTNERSHIP 3. The estate or interest in the land described or referred to in this Commitment and covered herein is: A Fee Simple 4. Title to the estate or interest covered herein is at the effective date hereof vested in: L &JR FAMILY LIMITED LIABILITY PARTNERSHIP, A COLORADO LIMITED LIABILITY PARTNERSHIP 5. The land referred to in this Commitment is described as follows: SEE ATTACHED PAGE(S) FOR LEGAL DESCRIPTION Our Order No. FCC25043000-4 LPL ESY4FTICV THE SOUTHEAST 1/4 OF SECTION 25, TOWNSHIP 3 NORTH, RANGE 68 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO, EXCEPT, A PARCEL OF LAND CONVEYED BY WARRANTY DEED RECORDED UNDER RECEPTION NO. 1606745, IN BOOK 685, WELD COUNTY RECORDS, DESCRIBED AS FOLLOWS: BEGINNING AT THE EAST QUARTER CORNER OF SECTION 25, TOWNSHIP 3 NORTH, RANGE 68 WEST OF THE SIXTH PRINCIPAL MERIDIAN; THENCE WEST ALONG THE NORTH LINE OF THE SOUTHEAST 1/4 OF SAID SECTION 25, A DISTANCE OF 514 FEET; THENCE SOUTH AND PARALLEL TO THE EAST LINE OF SAID SECTION 25, A DISTANCE OF 450 FEET; THENCE EAST AND PARALLEL TO THE NORTH LINE OF THE SOUTHEAST 1/4 OF SAID SECTION 25, A DISTANCE OF 514 FEET TO THE EAST LINE OF SAID SECTION 25;THENCE NORTH ALONG THE EAST LINE OF SAID SECTION 25 A DISTANCE OF 450 FEET TO THE POINT OF BEGINNING, COUNTY OF WELD, STATE OF COLORADO. ALTA COMMITMENT Schedule B-I (Requirements) Our Order No. FCC25043000-4 The following are the requirements to be complied with: Payment to or for the account of the grantors or mortgagors of the full consideration for the estate or interest to be insured. Proper instrument(s) creating the estate or interest to be insured must be executed and duly filed for record, to-wit: I. TERMINATION OF FINANCING STATEMENT BY FIRST NATIONAL BANK, THE SECURED PARTY, RECORDED MARCH 07, 2001, UNDER RECEPTION NO. 2830817. 2. WARRANTY DEED FROM L &JR FAMILY LIMITED LIABILITY PARTNERSHIP, A COLORADO LIMITED LIABILITY PARTNERSHIP TO CARMA COLORADO, INC,A NEVADA CORPORATION CONVEYING SUBJECT PROPERTY. NOTE:ARTICLES OF ORGANIZATION FOR L &JR FAMILY LIMITED LIABILITY PARTNERSHIP, A COLORADO LIMITED LIABILITY PARTNERSHIP DISCLOSE(S) LOUIS J. RADEMCHER AND FRANCES J. RADEMACHER AS THE MANAGER(S). • 3. DEED OF TRUST FROM CARMA COLORADO, INC, A NEVADA CORPORATION TO THE PUBLIC TRUSTEE OF WELD COUNTY FOR THE USE OF L &JR FAMILY LIMITED LIABILITY PARTNERSHIP, A COLORADO LIMITED LIABILITY PARTNERSHIP TO SECURE THE SUM OF • $2,950,000.00. 4. (ITEM INTENTIONALLY DELETED) NOTE: ITEMS 1-3 OF THE STANDARD EXCEPTIONS WILL BE DELETED. MATTERS DISCLOSED IN SURVEY HAVE BEEN ADDED TO SCHEDULE B-2 HEREOF. UPON THE APPROVAL OF THE COMPANY AND THE RECEIPT OF A NOTARIZED FINAL LIEN AFFIDAVIT, ITEM NO. 4 OF THE STANDARD EXCEPTIONS WILL BE AMENDED AS FOLLOWS: ITEM NO. 4 OF THE STANDARD EXCEPTIONS IS DELETED AS TO ANY LIENS OR FUTURE I LFNS RESULTING FROM WORK OR MATERIAL FURNISHED AT THE REQUEST OF L &JR FAMILY LIMITED LIABILITY PARTNERSHIP, A COLORADO LIMITED LIABILITY PARTNERSHIP. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY SHALL HAVE NO LIABILITY FOR ANY LIENS ARISING FROM WORK OR MATERIAL FURNISHED AT THE REQUEST OF CARMA COLORADO, INC,A NEVADA CORPORATION. NOTE: ITEM 5 OF THE STANDARD EXCEPTIONS WILL BE DELETED IF LAND TITLE ALTA COMMITMENT Schedule B-I (Requirements) Our Order No. FCC25043000-4 Continued: GUARANTEE COMPANY CONDUCTS THE CLOSING OF THE CONTEMPLATED TRANSACTION(S) AND RECORDS THE DOCUMENTS IN CONNECTION THEREWITH. NOTE: UPON PROOF OF PAYMENT OF 2003 TAXES, ITEM 7 UNDER SCHEDULE B-2 WILL BE DELETED AND ITEM 6 WILL BE AMENDED TO READ: TAXES AND ASSESSMENTS FOR THE YEAR 2004 AND SUBSEQUENT YEARS. ITEM 8 UNDER SCHEDULE B-2 WILL BE DELETED UPON PROOF THAT THE WATER AND SEWER CHARGES ARE PAID UP TO DATE. 1 r ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FCC25043000-4 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements, not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien, or right to a lien, for services,labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 5. 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 of record for value the estate or interest or mortgage thereon covered by this Commitment. 6. Taxes and assessments not yet due or payable and special assessments not yet certified to the Treasurer's office. 7. Any unpaid taxes or assessments against said land. t. Liens for unpaid water and sewer charges, if any. 9. RIGHT OF WAY FOR COUNTY ROADS 30 FEET ON EITHER SIDE OF SECTION AND TOWNSHIP LINES, AS ESTABLISHED BY THE BOARD OF COUNTY COMMISSIONERS FOR WELD COUNTY, RECORDED OCTOBER 14, 1889 IN BOOK 86 AT PAGE 273. NOTE:ALTA SURVEY PREPARED BY CARROLL & LANGE SHOWS WELD COUNTY ROAD 28 ON THE SOUTHERLY PROPERTY LINE AND WELD COUNTY ROAD 13 ON THE EASTERLY PROPERTY LINE. 10. (ITEM INTENTIONALLY DELETED) 11. RIGHT OF WAY FOR RAILWAY AS RESERVED BY DENVER PACIFIC RAILWAY AND TELEGRAPH COMPANY IN DEED RECORDED DECEMBER 17, 1877 IN BOOK 22 AT PAGE 232. 12. GRANT OF VARIOUS DITCHES AND RESERVOIR AND THE TERMS AND CONTITIONS AS SET FORTH IN INSTRUMENT RECORDED APRIL 8, 1944 IN BOOK 1130 AT PAGE 569. '^ UNDIVIDED 1/2 INTEREST IN AND TO ALL OIL, GAS AND OTHER MINERALS AS RESERVED IN DEED TO , RECORDED JUNE 27, 1957, IN BOOK 1480 AT PAGE 530, ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FCC25043000-4 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: AND ANY AND ALL ASSIGNMENTS THEREOF OR INTERESTS THEREIN. 14. RIGHT OF WAY EASEMENT AS GRANTED TO LITTLE THOMPSON VALLEY WATER DISTRICT IN INSTRUMENT RECORDED JULY 07, 1966, UNDER RECEPTION NO. 1492551. 15. OIL AND GAS LEASE, RECORDED DECEMBER 17, 1970 UNDER RECEPTION NO. 1559060 AND ANY AND ALL ASSIGNMENTS THEREOF, OR INTEREST THEREIN. • 16. RIGHT OF WAY EASEMENT AS GRANTED TO PANHANDLE EASETERN PIPE LINE COMPANY IN INSTRUMENT RECORDED FEBRUARY 25, 1974, UNDER RECEPTION NO. 1630871. 17. RIGHT OF WAY EASEMENT AS GRANTED TO TRI-STATE GENERATION AND TRANSMISSION ASSOCIATION, INC. IN INSTRUMENT RECORDED SEPTEMBER 19, 1974, UNDER RECEPTION NO. 1645108. 18. RIGHT OF WAY EASEMENT AS GRANTED TO TRI-STATE GENERATION AND TRANSMISSION- ASSOCIATION, INC IN INSTRUMENT RECORDED JUNE 26, 1986, UNDER RECEPTION NO. 2058702. 19. RIGHT OF WAY EASEMENT AS GRANTED TO UNION RURAL ELECTRIC ASSOCIATION INC. IN INSTRUMENT RECORDED FEBRUARY 16, 1988, UNDER RECEPTION NO. 2130927. 20. LEASES AND TENANCIES, IF ANY. NOTE: UPON RECEIPT OF A FINAL AFFIDAVIT OF SELLER LISTING LEASES OR TENANCIES AT THE TIME OF CLOSING ABOVE EXCEPTION 17 WILL BE REVISED 21. THE FINAL TITLE INSURANCE POLICY (POLICIES) SHALL NOT AND DOES NOT INSURE THE TITLE TO THOSE FIXTURES, STRUCTURES AND LIKE APPURTENANCES WHICH ARE NOT ASSESSED AND TAXED AS REAL PROPERTY BY THE COUNTY. NO EXAMINATION OF THE TITLE TO THE REFERENCED FIXTURES, STRUCTURES AND LIKE APPURTENANCES HAS BEEN MADE. r- RIGHT OF WAY FOR DIRT ROADS; FENCE NOT FOLLOWING THE EASTERLY PROPERTY LINE; AND TELEPHONE PEDESTAL NOT IN EASEMENT ON EASTERLY PROPERTY LINE AS ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FCC25043000-4 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: SHOWN ON ALTA SURVEY DATED MAY 24, 2004 PREPARED BY CARROLL & LANGE THEIR JOB NO. 3075. NOTE: THE FOLLOWING NOTICES PURSUANT TO CRS 9-1.5-103 CONCERNING UNDERGROUND FACILITIES HAVE BEEN FILED WITH THE CLERK AND RECORDER. THESE STATEMENTS ARE GENERAL AND DO NOT NECESSARILY GIVE NOTICE OF UNDERGROUND FACILITIES WITHIN THE SUBJECT PROPERTY: (A) MOUNTAIN BELL TELEPHONE COMPANY, RECORDED OCTOBER 1, 1981 IN BOOK 949 AT RECEPTION NO. 1870705. (B) ASSOCIATED NATURAL GAS, INC., RECORDED JULY 20, 1984 IN BOOK 1037 AT RECEPTION NO. 1974810 AND RECORDED OCTOBER 1, 1984 IN BOOK 1045 AT RECEPTION NO. 1983584 AND RECORDED MARCH 3, 1988 IN BOOK 1187 AT RECEPTION NO. 2132709 AND RECORDED APRIL 10, 1989 IN BOOK 1229 AT RECEPTION NO. 2175917. (C) PANHANDLE EASTERN PIPE LINE COMPANY, RECORDED OCTOBER 1, 1981 IN BOOK 949 AT RECEPTION NO. 1870756 AND RECORDED JUNE 26, 1986 IN BOOK 1117 AT RECEPTION NO. 2058722. (D) COLORADO INTERSTATE GAS COMPANY, RECORDED AUGUST 31, 1984 IN BOOK 1041 AT RECEPTION NO. 1979784. (E) WESTERN GAS SUPPLY COMPANY, RECORDED APRIL 2, 1985 IN BOOK 1063 AT RECEPTION NO. 2004300. (F) ST. VRAIN SANITATION DISTRICT, RECORDED DECEMBER 14, 1988 AT RECEPTION NO. 2164975. (G) UNITED POWER, INC., RECORDEDJANUARY 24, 1991 AT RECEPTION NO. 2239296. LAND TITLE GUARANTEE COMPANY DISCLOSURE STATEMENTS Note: Pursuant to CRS 10-11-122, notice is hereby given that: A)-The subject real property may be located in a special taxing district. - B) A Certificate of Taxes Due listing each taxing jurisdiction may be obtained from the County Treasurer's authorized agent. C) The information regarding special districts and the boundaries of such districts may be obtained from the Board of County Commissioners, the County Clerk and Recorder, or the County Assessor. Note: Effective September 1, 1997, CRS 30-10-406 requires that all documents received for recording or filing in the clerk and recorder's office shall contain a top margin of at least one inch and a left, right and bottom margin of at least one half of an inch. The clerk and recorder may refuse to record or file any document that does not conform, except that, the requirement for the top margin shall not apply to documents using forms on which space is provided for recording or filing information at the top margin of the document. Note: Colorado Division of Insurance Regulations 3-5-1, Paragraph C of Article VII requires that "Every title entity shall be responsible for all matters which appear of record prior to the time of recording whenever the title entity conducts the dosing and is responsible for recording or filing of legal documents resulting from the transaction which was dosed". Provided that Land Tide Guarantee Company conducts the closing of the insured transaction and is responsible for recording the legal documents from the transaction, exception number 5 will not appear on the Owner's Title Policy and the Lenders Policy when issued. Note: Affirmative mechanic's lien protection for the Owner may be available (typically by deletion of Exception no. 4 of Schedule B, Section 2 of the Commitment from the Owner's Policy to be issued) upon compliance with the following conditions: A)The land described in Schedule A of this commitment must be a single family residence which includes a condominium or townhouse unit. B) No labor or materials have been furnished by mechanics or material-men for purposes of construction on the land described in Schedule A of this Commitment within the past 6 months. C) The Company must receive an appropriate affidavit indemnifying the Company against un-filed mechanic's and material-men's liens. D) The Company must receive payment of the appropriate premium. E)If there has been construction, improvements or major repairs undertaken on the property to be purchased within six months prior to the Date of the Commitment, the requirements to obtain coverage for unrecorded liens will include: disclosure of certain construction information; financial information as to the seller, the builder and or the contractor; payment of the appropriate premium fully executed Indemnity Agreements satisfactory to the company, and,any additional requirements as may be necessary after an examination of the aforesaid information by the Company. No coverage will be given under any circumstances for labor or material for which the insured has contracted for or agreed to pay. Note: Pursuant to CRS 10-11-123, notice is hereby given: This notice applies to owner's policy commitments containing a mineral severance instrument exception, or exceptions, in Schedule B, Section 2. A) That there is recorded evidence that a mineral estate has been severed, leased, or otherwise conveyed from the surface estate and that there is a substantial likelihood that a third party holds some or all interest in oil, gas, other minerals, or geothermal energy in the property; and B) That such mineral estate may include the right to enter and use the property without the surface owner's permission. Nothing herein contained will be deemed to obligate the company to provide any of the coverages referred to herein unless the above conditions are fully satisfied. Fern DISCIA0SUFtE 09/01/02 JOINT NOTICE OF PRIVACY POLICY OF LAND TITLE GUARANTEE COMPANY AND LAND TITLE INSURANCE CORPORATION AND OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Title V of the Gramm-Leach-Bliley Act (GLBA) generally prohibits any financial institution, directly or through its affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party unless the institution provides you with a notice of its privacy policies and practices, such as the type of information that it collects about you and the categories of persons or entities to whom it may be disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of Land Title Guarantee Company and Land Title Insurance Corporation and Old Republic National Tide Insurance Company. We may collect nonpublic personal information about you from the following sources: Information we receive from you such as on applications or other forms. Information about your transactions we secure from our files, or from our affiliates or others. Information we receive from a consumer reporting agency. Information that we receive from others involved in your transaction, such as the real estate agent or lender. Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic personal information will be collected about you. We may disclose any of the above information that we collect about our customers or former customers to our affiliates or to nonaffiliated third parties as permitted by law. We also may disclose this information about our customers or former customers to the following types of nonaffiliated companies that perform marketing services on our behalf or with whom we have joint marketing agreements: * Financial service providers such as companies engaged in banking, consumer finance, securities and insurance. * Non-financial companies such as envelope stuffers and other fulfillment service providers. WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. Foxm PRIV.P .ora Carrritae (t to Insure ALTA Commitment-1970 Rev. _a.. - OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY,a FLnesota corporation,herein called the Company,for a * l4 x„ valuable consideration.hereby commits to issue its polity or parties 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 y * described or referred to in Schedule A.upon payment of the prarimns and charges therefor;al Wien to the provisions of 7� Schedule A and B and to the Conditions and SOpdatias hereof. * * This Commitment shad be effective only when the identity of the proposed Insured ad the amount of the policy or * policies committed for have been inserted in Schedule A hereof by the Company,either at the tire of the issuance of this * sr * Commitment or by subsequent andorseme t. This Commitment is prenoonay to the issuance of such policy or policies of title insurance and al iffiaty and obfgatias hereunder der shall cease and temmnate sir months after the effective date hereof or when the policy or pinkies committed for dial issue,whichever first occurs,provided that the fain to issue such policy or polities is not the fast of the Company. COMMONS AND STIPUATIONS 1.The term'mortgage',when used herein,slid ndude deed of bust,bust deed,or other security instrument. 2.N the proposed Insured has or acquires actual knowledge of any defect,fie n,eecu twance,adverse dale or other matteraffectig the estate or interest or mortgage thereon covered by this Commitment other than these shown in Schedule B hereof,and shad fad to disclose such knowledge to the Company let writing,the Company shall be relieved from linty for any loss r damage ranting from any act of reliance hereon to the extent the Company a agitated by falhre of the proposed hared to so disclose such knowledge.If the proposed Insured shad disclose such knowledge to the Cuerpany,ad the Company otherwise acquires actual knowledge of any such defect,den,enoabramq adverse dale or other matter,the Coerpany at its option may amend Schedule B of His Commit met accordingly,but such amendment shad not relieve the Company front liability previously incurred pursuant to paragraph 3 of these Conditions and StipdaUws. 3.Usblty of the company under this Commitment shad be ody to the named proposed Insured and such parties • ickded under the definition of Insured in the farm of policy or policies committed for mid only for actual loss incurred in reliance hereon n udertakng in good faith(a)to comply with the tenements hereof or NI to eliminate exceptions shown in Sc edle&or(d to'mere or aerate the estate or interest or mortgage thereon covered by this Commibnent.In no event shad such Witty exceed the amount stated it Schedule A for the policy or policies committed for and such lability is subject to the inuring provisions and the ConBions and Stipulations and the Exclusions from Coverage of the form of policy or policies committed,for in favor of the proposed Wired which are hereby incorporated by reference and made a pat of this Cminem except as expressly modified herein. 4.Any action or actions or rights of action that the proposed Insured may have or may bring aga'ost 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 His Continent. STANDARD EXCEPTIONS in addition to the mallets contained it the Coalitions and Stations and EX01101305 from Coverage above referred to,this Commitment is also subject to the following: 1.Rights or clans of parties in pou..vrion not shown by the polc records. 2.Easements,or claims of easements,not shown by the pubk records. 3.Discrepancies,conflicts in boundary lines,shortage it area,encroachments,and any facts which a correct survey ad inspection of the pauses would eisdose and which are not shown by the pubic records. 4.Any bur,or right to a ion.for services,labor or material theretofore or hereafter finished,shed imposed by law and not shown by the pubic records. 5.Defects,lens,enc wnimnces,adverse claims or other makers,if any,created,first appearing nth public records or attaching subsequent to the effective date hereof but prior to the date the proposed insured acquires of record for value the estate or interest or mortgage thereon covered by His Commitment. IN WITNESS WHEREOF,Old Reliable National The 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 counrsiged by a validating officer or other authorized sigutry. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY A Stock Company O•afyTITLe 400 Second Avenue South =ti`• o• + * �o,• Vi=e*alitawaytaurjLa G9: 0 Minneapolis,Mimesota 55401 -u % *i: (612)371-1117 :m * * Authorized Signature •s o * * CC.ORT ,��orl0• ANda •, i ',/ Property Tax Information Page 1 of 1 +-1? :Ls I :4.i,®;apt dad I -,u. n, .,1 urz z,OnLI, Home > Departments > Treasurer's Office > Tax Search > Tax Search Results > Tax Detail Tax Search Details Information for tax year: 2004 pa able in 2005 Property Information Owner Name: L8g R Family Limited Partnership Address: 5527 28 CR City: Weld Account R4766486 Number: Parcel Number: 120725000020 Legal Address: 25600 se4 25 3 68 exc beg e4 cor of sec thence w514' s450' e514' to e In of sec n450' to beg exc og&m (2.67r) 5527 28 cr weld 00000 Payment Information Total Tax Amount: $2,229.80 Actual Land Value $65,049.00 First Half Amount: $0.00 Actual Improved Value $141,395.00 Second Half Amount: $0.00 Actual Total Value $206,444.00 SR. Exemption: $0.00 Assessed Land Value $18,860.00 Full Amount Paid: $0.00 Assessed Improved Value $11,840.00 Current Balance: $2,229.80 Assessed Total Value $30,700.00 IF any of the following fields are "YES" please contact the Treasurer's Office for more information. Tax Status Tax Liens: No Senior Homestead Exemption: No Prior Taxes Due: No Tax Area 2309 Special Improvement Tax: No Mill Levy 72.632 Database Last Updated at: 02:29 AM on January 14, 2005 10-04-2004 12:15pm From-LTG-FT C0LLi,.. 9702040652 T-762 P.003/004 F-551 25 1/3oCle Parcel Valuation Account#: R4766486 - Parcel#: 120725000020 Owners Name &Aci.drAui - Property Addres L&I R FAMILY LIMITED PARTNERSHIP Street 5527 28 CR 13184 COUNTY RD 13 - City: WELD LONGMONT, CO 80501 Business/Complex: Legal oescriptioo 25600 SE4 25 3 68 EXC BEG E4 COR OF SEC THENCE W514' S450' E514'TOE LN OF SEC N450'TO BEG EXC OG&M (2.67R) 5527 28 CR WELD 00000 Land Value $65,049 Land Assessed Value $18,860 Imar. Value $}41,395 I nor. Assessedflusis 1.840 Total Value $206,444 Total Assessed Value $30,700 Total Taxes: $2,285.84 Amount Due; $0.00 Tax Area: - Bordering County: Townshlo RangeS_eCtion Quart.Sec. Subdivlson Name Block# Lot__#. 03 . 68 -25-0 - -- Land Subtotal: Acres:151 Sale Price Sale Date DeeSf TVDO - Reception# $0 12/10/2002 QCN 3014339 hriwu,nnno m-n-,,.t- ,.n..,nxreti, :.anxr�fa�,.. c,.r „-..na_nTTCnlr 0_TTm_n_..__10___•_ —inn ,.,,,,.,.,. , Identify Results Page 1 of 3 WELD COUNTY ASSESSOR PROPERTY PROFILE Accounts: R4766486 Parcel#: 120725000020 Tax Area: 2309 Acres: 151 Bordering County: ' Township Range Section Quart.Sec. - 03 -68-25-0 Subdivison Name Block* Lots Owners Name&Address: Property Address: L&3 R FAMILY LIMITED PARTNERSHIP Street 5527 28 CR 13184 COUNTY RD 13 City:WELD LONGMONT, CO 80501 Business/Complex: Sale Date Sales Summary Sale Price Deed Type 12/10/2002 $0 QCN Reception 5 3014339 Legal Description II 25600 SE4 25 3 68 EXC BEG E4 COR OF SEC THENCE W514'S450'E514'TO E LN OF SEC N450'TO BEG EXC OG&M (2.67R) (I 5527 28 CR WELD 00000 Land Valuation Summary Land Type Abst Code Unit of Number of Measure Units Actual Value Assessed Agricultural 4167 Acres 9 • AValue Agricultural 4137 Acres 5 Agricultural 4117 Acres 127.04 Agricultural 4117 Acres 9.96 Land Subtotal: 151 $65,049 $18,860 Buildings Valuation Summary Bldg# Property Type Assessed 1 Actual Value Residential Value 2 Out Building 3 Out Building 4 Out Building Improvements Subtotal: $141,395 $11,840 Total Property Value $206,444 $30,700 Building Details Account#: R4766486 Parcel#: 120725000020 Owners Name&Address: L&J R FAMILY LIMITED PARTNERSHIP Property Address: 13184 COUNTY RD 13 Street 5527 28 CR LONGMONT, CO 80501 City:WELD Buildings Property Type :identify Results Page 2 of 3 1 Residential Individual Built As Detail Built As: 2 Story Year Built: 1930 Exterior: Frame Siding HVAC: Forced Air Interior Finish: Drywall Built As SQ Ft: 2312 # of Baths: 2 Roof Type: # of Bdrms: . 5 Roof Cover: Composition Shingle #of Stories: 2 Rooms: 9 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4766486 Parcel#: 120725000020 Owners Name&Address: Property Address: L8J R FAMILY LIMITED PARTNERSHIP Street: 5527 28 CR 13184 COUNTY RD 13 City: WELD LONGMONT, CO 80501 Building* Property Tvpe 2 Out Building Individual Built As Detail Bulk As: Shed - Utility Year Built: ^ Exterior: Pole Frame Metal Siding HVAC: 1967None Interior Finish: - Built As SQ Ft: 2048 #of Baths: 0 Roof Type: #of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft Basement: Total SQ Ft: Finished SQ Ft: Accounts: R4766486 Parcel#: 120725000020 Owners Name&Address: Property Address: Lad R FAMILY LIMITED PARTNERSHIP Street: 5527 28 CR 13184 COUNTY RD 13 City:WELD LONGMONT, CO 80501 Buildings Property Type 3 Out Building Individual Built As Detail Built As: Shed -Utility Year Built: Exterior: 0 HVAC: None Interior Finish: Built As SQ Ft: it of Baths: 0 1 r #of Bdrms: 0 Roof Cove: # Roof Cover: of Stories: 0 Rooms: 0 Units: 0 Garage: Identify Results Page 3 of 3 Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R4766486 Parcel*: 120725000020 Owners Name&Address: Property Address: LSI R FAMILY LIMITED PARTNERSHIP Street: 5527 28'CR 13184 COUNTY RD 13 City:WELD LONGMONT, CO 80501 Building* Property Type 4 Out Building Individual Built As Detail Built As: Shed -Cattle Year Built: 1930 Exterior: Pole Frame Metal Siding HVAC: None Interior Finish: Built As SQ Ft: 2496 #of Baths: 0 Roof Type: #of Bdrms: 0 Roof Cover: * of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement:Total SQ Ft: Finished SQ Ft: httn://rnansmerrir c rnm/Wphaite/wAldicmCni aon9nmA—lV mnNTD.T tm 1-,n o__:__r nnnnr Report Date: 04/15/2004 04:08PM WELD COUNTY TREASURER Page: 1 CERTIFICATE OF TAXES DUE CERT#: 10759 SCHEDULE NO: R4766486 ORDER NO:25043000 ASSESSED TO: • AVENDOR NO: 14 L&J R FAMILY LIMITED PARTNERSHIP LAND TITLE OF FT COLLINS 13184 COUNTY RD 13 772 WHALERS WAY STE 100 LONGMONT, CO 80501 FT COLLINS CO 80525 LEGAL DESCRIPTION: 25600 SE4 25 3 68 EXC BEG E4 COR OF SEC THENCE W514'S450'E514'TO E LN OF SEC N450'TO BEG EXC OG&M (2.67R) 5527 28 CR WELD 00000 PARCEL: 120725000020 SITUS ADD: 5527 28 CR WELD TAX YEAR CHARGE TAX AMOUNT INTEREST FEES PAID TOTAL DUE 2003 TAX 2,285.84 0.00 0.00 0.00 2,285.84 TOTAL TAXES 2,285.84 GRAND TOTAL DUE GOOD THROUGH 04/15/^004 2,285.84 ORIGINAL TAX BILLING FOR 2003 TAX DISTRICT 2309- . Authority Mill Levy Amount Values Actual Assessed WELD COUNTY 21.474 659.26 AGRICULTUR 65,049 18,860 SCHOOL DIST RE1J 40.374 1,239.49 AGRICULTUR 2,782 810 NCW WATER 1.000 30.70 AGRICULTUR 138,613 11,030 SVW WATER 0.243 7.46 LTW WATER 0.000 0.00 TOTAL 206,444 30,700 MTN VIEW FIRE(BOND 2008) 0.300 9.21 WELD LIBRARY 3.249 99.74 LONGMONT CONSERVATION 0.000 0.00 MOUNTAIN VIEW FIRE 7.817 239.98 TAXES FOR 2003 74.457 2,285.84 `-EE FOR THIS CERTIFICATE 10.00 ALL TAX LIEN SALE AMOUNTS ARE SUBJECT TO CHANGE DUE TO ENDORSEMENT OF CURRENT TAXES BY THE LIENHOLDER OR TO ADVERTISING AND DISTRAINT WARRANT FEES. CHANGES MAY OCCUR AND THE TREASURER'S OFFICE WILL NEED TO BE CONTACTED PRIOR TO REMITTANCE AFTER THE FOLLOWING DATES: PERSONAL PROPERTY AND MOBILE HOMES-AUGUST 1, REAL PROPERTY-AUGUST 1. TAX LIEN SALE REDEMPTION AMOUNTS MUST BE PAID BY CASH OR CASHIERS CHECK. SPECIAL TAXING DISTRICTS AND THE BOUNDARIES OF SUCH DISTRICTS MAY BE ON FILE WITH THE BOARD OF COUNTY COMMISSIONERS,THE COUNTY CLERK,OR THE COUNTY ASSESSOR. This certificate does not Include land or improvements assessed under a separate account number,personal property taxes, transfer tax or misc tax collected on behalf of other entities,special or local improvement district assessments or mobile homes,unless specifically mentioned. I,the undersigned,do hereby certify that the entire amount of taxes due upon the above described parcels of real property and all outstanding sales for unpaid taxes as shown by the records In my office from which the same may still be redeemed with the amount required for redemption are as noted herein.In witness whereof,I have hereunto set my hand and seal this 15th day of April.2004. TREASURER,WELD COUNTY, CLAUD W.HANES,BY: j i y/a/— P.O. Box 458 4, " Greeley, CO 80632 (970)353-3845 ext.3290 COMMITMENT FOR Ti .E INSURANCE Issued by Transnation Title Insurance Company !g LandAmerica Transnation Ttle Insurance Company is a member of the LandAmerica family of title insurance underwriters. Transnation • TRANSNATION TITLE INSURANCE COMPANY, an Arizona corporation, herein called the Company, for a 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 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 This Commitment is preliminary to the issuance of such policy or policies of title insurance and all liability and obligations hereunder shall cease and terminate 120 days after the effective date hereof or when the policy or policies committed for shall be issued,whichever first occurs, provided that the failure to issue such policy or policies is not the fault of the company. IN WITNESS WHEREOF, TRANSNATION TITLE INSURANCE COMPANY has caused its Corporate Name and Seal to be hereunto affixed; this instrument, including Commitment, Conditions and Stipulations attached, to become valid when countersigned by an Authorized Officer or Agent of the Company. TRANSNATION TITLE INSURANCE COMPANY w q /� `?1�A1E I NSpg4yF1 ).(1 ,+. Attest: V"/s ✓r v+c x �i.covoRUFe a By: L U t-C�AA1/ ry Secrets sm.is R71Oizon President 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 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 (b) 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, 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 are 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. PA3 ALTA Commitment(Rev. 1966) Cover Page - - Form 1004-248 ORIGINAL TRANSNATION TITLE INSURANCE COMPANY COMMITMENT FOR TITLE INSURANCE SCHEDULE A Commitment No. : 8072685 C-3 1 . Effective Date : September 23 , 2004 at 7 : 00 A.M. 2 . Policy or policies to be issued: Amount Premium A. ALTA Owner' s Policy $ 13 , 000, 000 . 00 $20 , 660 . 00 Proposed Insured: Carma (Colorado) , Inc . , a Nevada corporation B. ALTA Loan Policy $ $ Proposed Insured: Tax Info Services $140 . 00 Form 110 . 1 $2 , 066 . 00 3 . The estate or interest in the land described or referred to in this commitment and covered herein is fee simple and title thereto at the effective date hereof vested in: Robert L. Siegrist and Winifred J. Siegrist, as Tenants in Common, as to Parcel 1; Construction Leasing Investment Company, a Partnership, as to Parcels 2 , 4 and 5 ; Siegrist Construction Co. , A Colorado Corporation as to an undivided 1/2 interest ; and St . Vrain Land Co. , A Colorado General Partnership, as to an undivided 1/2 interest, as to Parcel 3 . 4 . The land referred to in this commitment is described as follows : (SEE ATTACHED PAGE FOR LEGAL DESCRIPTION) TRANSNATION TITLE INSURANCE COMPANY By Sean L. Stevens Authorized Signature Issued: September 29, 2004 a I 'V 2° SLS/BDL/jd TRANSNATION TITLE INSURANCE COMPANY Commitment No. : 8072685 C-3 SCHEDULE A - Continued LEGAL DESCRIPTION PARCEL 1 : The NE1/4 of Section 35, and the SW1/4 of the NW1/4 of Section 36, Township 3 North, Range 68 West of the 6th'P..M. , County of Weld, State of Colorado . • EXCEPT the West 60 feet of the NE1/4 of Section 35: PARCEL 2 : The West 60 . 00 feet of the NE1/4 of Section 35, Township 3 North, Range 68 West of the 6th P .M. , County of Weld, State of Colorado. PARCEL 3 : All that part of the W1/2 of Section 35, Township 3 North, Range 68 West . of the 6th P .M. , County of Weld, State of Colorado, located within the following described parcel : commencing at the North Quarter corner of said Section 35 and considering he North-South centerline of -said Section 35 to bear South 00 degrees 31 minutes 47 seconds East with all other bearings contained herein relative thereto; thence South 00 degrees 31 minutes 47 seconds East, 2357 . 60 feet to the True Point of Beginning. thence continuing South 00 degrees 31 minutes 47 seconds East, 2995 . 71 feet to the South Quarter corner of said Section 35 ; thence South 00 degrees 44 minutes 4,2 seconds West along the North-South centerline of said Section 2 , 1152 . 26 feet; thence South 67 degrees 03 minutes 26 seconds West, 1054 . 32 feet; thence South 84 degrees 52 minutes 07 seconds West, 1617 . 56 feet to a point on the East right-of-way of Interstate Highway 25; thence North 00 degrees 17 minutes 36 seconds East along said East right-of-way, 1679. 95 feet to a point on the South line of said Section 35 ; thence North 00 degrees 46 minutes 36 seconds West along said East right-of-way, 2126 . 71 feet; thence South 88 degrees 29 minutes 19 seconds East, 130 . 88 feet; thence North 00 degrees 02 minutes 00 seconds West, 379 . 20 feet; thence North 88 degrees 22 minutes 18 seconds East, 185 . 84 feet; thence North 00 degrees 46 minutes 59 seconds West, 172 . 05 feet; thence North 83 degrees 03 minutes 01 seconds East, 590 . 67 feet; thence North 04 degrees 07 minutes 35 seconds West, 264 . 07 feet ; thence North 89 degrees 41 minutes 47 seconds East, 1708 . 18 feet to the True Point of Beginning. Page 2 • TRANSNATION TITLE INSURANCE COMPANY Commitment No. : 8072685 C-3 SCHEDULE A - Continued LEGAL DESCRIPTION EXCEPTING THEREFROM a parcel of land conveyed to Weld County, a body corporate and politic of the State of Colorado by deeds recorded August 33Q., 1991 in Book 1309 as Reception Nos . 2261418 and 2261419 . YILSO EXCEPTING THEREFROM that parcel of land as conveyed to The Department of Highways by Order recorded December 31,2002 as Reception No. 3019961 PARCEL 4 : The SW1/4of the SE1/4 and the N1/2 of the SE1/4 of Section 35 , and the NW1/4 of the SW1/4 of Section 36, all in Township 3 North, Range 68 West of the 6th P.M. , County of Weld, State of Colorado. — ,,fiXCEPTING THEREFROM a parcel of land conveyed to B rd of County Commissioners of Weld County, Colorado by deed recorde December 17, 1985 in Book 1015- as'"Reoeptio:r-tio-193-6016 , being more particularly described as follows : All that part of the SW1/4SE1/4 of Section 35, Township 3 North, Range 68 West of the 6th P.M. , County of Weld, State of Colorado, "axing South of the center of the main channel of the St. Vrain River. PARCEL 5 : A tract of land located in Section 35, Township 3 North, Range 68 West of the 6th P.M. , County of Weld, State of Colorado, described as follows : Commencing at the Southwest corner of the SE1/4 of Section 35 ; thence North 00 degrees 31 minutes 47 seconds West, a distance of 555 . 90 feet along th West line of the SW1/4 of said Section 35; thence North 66 degrees 49 minutes 19 seconds East, a distance of 1, 421 .21 feet to a point on the West line of the SE1/4 of the SE1/4 of said Section 35, the point of beginning; thence North 00 degrees 18 minutes 42 seconds West, a distance of 235 . 93 feet to the Northwest corner of the SE1/4 of the SE1/4 of said Section 35; thence North 89 degrees 24 minutes 49 seconds East, a distance of 790 . 61 feet along the North line of the SE1/4 of the SE1/4 of said Section 35 ; thence South 72 degrees 49 minutes 13 seconds West, a distance of 826 . 15 feet to the point of beginning. Page 3 • TRANSNATION TITLE INSURANCE COMPANY Commitment No. : 8072685 C-3 SCHEDULE A - Continued REQUIREMENTS _ Exceptions deemed necessary by Transnation Title Insurance Company. C. Deed, executed by the partners, from Construction Leasing Investment Company, a Partnership, Siegrist Construction Co. , a Colorado Corporation, St . Vrain Land Co. , a Colorado General Partnership, Robert L. Siegrist and Winifred J. Siegrist to Carina (Colorado) , Inc . , a Nevada corporation. . NOTE: If this transaction constitutes the sale of the sole or major asset of the partnership, all partners must execute the above deed. NOTE: Trade Name Affidavit of Construction Leasing Investment Co. , recorded November 19, 1980 in Book 920 as Reception No. 1841861 , discloses that the following persons are doing business under said name: Robert L. Siegrist Winifred L. Siegrist Michael U. Siegrist Michelle L. Siegrist Glenn Bettis, Jr. Letha H. Hogelin NOTE : Trade Name Affidavit of St . Vrain Land Company, a General Partnership, recorded September 30, 1984 in Book 1041 as Reception No. 1979651, discloses that the following persons are doing business under said name: Robert L. Siegrist Siegrist Construction Co. , A Colorado Corporation Page 5 TRANSNATION TITLE INSURANCE COMPANY Commitment No . : 8072685 C-3 SCHEDULE B EXCEPTIONS _ The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 1 . Rights or claims of parties in possession not shown by the public records. 2 . Easements, or claims of . easements, not shown by the public records. 3 . Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records . 4 . Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records . 5 . 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 of record for value the estate or interest or mortgage thereon covered by this Commitment . Note: The above exception will not appear on policies where closing and settlement has been performed by the company. 6 . a. Taxes due and payable; and any tax, special assessments, charge or lien imposed for water or sewer service, or for any other special taxing district . b. Any and all unredeemed tax sales, if any. Note :Upon receipt of a Certificate of Taxes Due evidencing that there are no existing open tax sales, the above exception 6b will not appear on the policy to be issued hereunder. Note: PURSUANT TO CRS 10-11-122 NOTICE IS HEREBY GIVEN THAT: (A) THE SUBJECT PROPERTY MAY BE LOCATED IN A SPECIAL TAXING DISTRICT; (B) A CERTIFICATE OF TAXES DUE LISTING EACH TAXING JURISDICTION MAY BE OBTAINED FROM THE COUNTY TREASURER OR THE COUNTY TREASURER'S AUTHORIZED AGENT; (C) INFORMATION REGARDING SPECIAL DISTRICTS AND THE BOUNDARIES OF SUCH DISTRICTS MAY BE OBTAINED FROM THE BOARD OF COUNTY COMMISSIONERS, THE COUNTY CLERK AND RECORDER, OR THE COUNTY ASSESSOR. r-. Page 6 TRANSNATION TITLE INSURANCE COMPANY Commitment No . : 8072685 C-3 SCHEDULE B - Continued EXCEPTIONS 7 . Rights of way, whether in fee or easement only, for county roads 30 feet wide on each side of section and township lines as established by Order of the Board of County Commissioners for Weld County, recorded October 14, 1889 in Book 86 at Page 273 . (Affects Section 35) 8 . Reservations made by the Union Pacific Railway Company in deed recorded October 8, 1891 in Book 106 at Page 45 , and any interests therein or rights thereunder. (Affects Section 35) 9 . All rights to any and all minerals, ore and metals of any kind and character, and all coal, asphaltum, oil, gas and other like substances in or under said land, the rights of ingress and egress for the purpose of mining, together with enough of the surface of the same as may be necessary for the proper and convenient working of such minerals and substances, as reserved in Patent from the State of Colorado, recorded November 1, 1928 in Book 677 at Page 207, and any interests therein or rights thereunder. (Affects SW1/4NW1/4 Section 36) 10 . Right of way, whether in fee or easement only, to lay, maintain, inspect, operate and repair a pipe line, granted to William J. Cheley by instrument recorded August 17, 1950 in Book 1277 at Page 359, in which the specific location of the easement is not defined. (Affects NE1/4NE1/4 Section 35) 11 . Oil and gas lease between Conrad Hopp, Jr. and Frieda Hopp and T. S . Pace, recorded June 25, 1970 in Book 628 as Reception No. 1549961, and any interests therein or rights thereunder. Note : Extension of the above lease as claimed by Affidavit of Production, pursuant to CRS 38-42-106, by Amoco Production Company, recorded November 4, 1975 in Book 752 as Reception No. 1673754 . (Affects NE1/4 Section 35) 12 . Terms, agreements, provisions, conditions and obligations as contained in Memorandum of Agreement recorded October 26 , 1979 in Book 885 as Reception No. 1807435 . (Affects NE1/4 Section 35) 13 . Terms , agreements, provisions, conditions and obligations as contained in Agreement recorded February 11 , 1981 in Book 927 as Reception No. 1849409 . Page 7 TRANSNATION TITLE INSURANCE COMPANY Commitment No. : 8072685 C-3 SCHEDULE B - Continued EXCEPTIONS (Affects Parcels 1 and Parcel 4) 14 . Undivided one-half interest in and to all oil , gas, and other minerals as reserved by Conrad Dale Hopp and Martha Ann Hopp, in the Agreement for Purchase and Sale of Property-Escrow, recorded January 11, 1983 in Book 986 as Reception No. 1914015, and any interests therein or rights thereunder. (Affects Parcel 1) 15 . Covenants, Conditions, and Restrictions, which do not contain a forfeiture or reverter clause (deleting any restrictions indicating any preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status or national origin) as contained in deed from Conrad Dale Hopp and Martha Ann Hopp to Construction Leasing Investment Co. , a Partnership, recorded February 11, 1981 in Book 927 as Reception No. 1849408, and any and all amendments and supplements thereto, providing substantially as follows : 1 . For so long as such property is used as a road for the commercial hauling of gravel, the owner of such land shall be responsible for dust control, by either water or oil, as required, at the owner' s expense. 2 . Any road constructed on the subject property shall be constructed with a gravel base . 3 . Grantors reserve a perpetual right of access on to such property and any road constructed thereon, from any place or places on Grantors' adjacent property, which is the NE1/4 of said Section 35 . 16 . Right of way, whether in fee or easement only; to construct, reconstruct, rephase, repair, operate and maintain all streets, roads or highways abutting said lands, an electric transmission and/or distribution line or system, as granted to Union Rural Electric Association, Inc . by Consruction Leasing Investment Co . , recorded December 23 , 1981 in Book 956 as Reception No. 1877947 , affecting the following described property: An easement and/or right-of-way 10 feet in width on, over, under and across a portion of the NE1/4 of Section 35 , Township 3 North, Range 68 West of the 6th P .M. , Weld County, Colorado, said easement being more particularly described as follows : The East 10 feet of the West 60 feet of the NE1/4 said Section 35 . AND ALSO An easement and/or right-of-way 16 feet wide on, over, under and across a portion of the N1/2 of the SE1/4 Section 35, Township 3 Page 8 TRANSNATION TITLE INSURANCE COMPANY Commitment No. : 8072685 C-3 SCHEDULE B - Continued EXCEPTIONS North, Range 68 West of the 6th P.M. , Weld County, Colorado said easement being more particularly described as follows : The North 16 feet of the West 1/2 , North 1/2 , Southeast 1/4 said Sec . 35 . 17 . Right of way, whether in fee or easement only, to construct, reconstruct, inspect, upgrade, increase line size or capacity, operate, repair, maintain, replace, remove and operate one or more lines for the transmission, distribution and service of water, and all underground and service appurtenances, as granted to the Little Thompson Water District, a quasi-municipal corporation and Central Weld County Water District by Construction Leasing Investment Company, recorded January 17 , 1996 in Book 1527 as Reception No. 2472235, affecting the following described property: Said 20 . 00 feet wide waterline easement shall be the West 20 . 00 feet of the West 60 feet of the NE1/4 of Section 35 . 18 . Right of way, whether in fee or easement only, to construct, reconstruct, inspect, upgrade, increase line size or capacity, operate, repair, maintain, replace, remove and operate one or more lines for the transmission, distribution and service of water, and all underground and service appurtenances thereto, granted to the Little Thompson Water District, a quasi-municipal corporation and Central Weld County Water District by Construction Leasing Investment Company by instrument recorded January 17, 1996 in Book 1527 as Reception No. 2472236, in which the specific location of the easement is not defined. (Affects Sections 35 and 36) 19 . Right of way, whether in fee or easement only, to survey, construct, install, inspect, maintain, renew, repair, replace, remove and operate one pipeline and appurtenances thereto, granted to K N Gas Gathering, Inc . , a Colorado corporation by Robert L. Siegrist and Winifred J. Siegrist by instrument recorded October 9 , 1997 in Book 1611 as Reception No. 2573471, in which the specific location of the easement is not defined. (Affects NE1/4 Section 35) 20 . Farmers No. 3 Reservoir, and any and all rights of way therefor, as evidenced by Map filed June 1, 1910 as Filing No. 156140, insofar as the same may affect subject property. (Affects SW1/4 Section 35) 21 . Sanborn Ditches, and any and all rights of way therefor, as evidenced by Map filed August 2 , 1922 as Filing No . 387002 , insofar as the same may affect subject property. (Affects W1/2NW1/4, NE1/4NW1/4 Section 35) Page 9 • TRANSNATION TITLE INSURANCE COMPANY Commitment No . : 8072685 C-3 SCHEDULE B - Continued EXCEPTIONS 22 . Reservation of right of way for any ditches or canals constructed by authority of the United States, in U. S . Patent recorded December 6, 1916 in Book 461 at Page 26 . (Affects SW1/4SW1/4 of Section 35) 23 . Easement and right of way to lay, maintain, inspect, operate, replace, change or remove a pipeline for the transportation of oil, gas or other products thereof, as granted to Wyco Pipe Line Company in Right of Way Conveyance recorded March 13 , 1947 in Book 1199 at Page 425, in which the specific location of said easement is not defined. (Affects W1/2 Section 35) 24 . Easement and right of way for the maintenance of a ditch, as granted to The Rural Ditch Company in Agreement recorded June 9, 1967 in Book 582 as Reception No. 1504446, in which the specific location of said easement is not defined. (Affects W1/2 Section 35) 25 . Oil and gas lease between Carl H. Adler and T. S . Pace dated April 29, 1970, recorded May 21 , 1970 in Book 626 as Reception No. 1547776 , and any interests therein or rights thereunder. Note : Extension of the above lease as claimed by Affidavit of Production, pursuant to CRS 38-42-106, by Amoco Production, recorded November 29, 1974 in Book 727 as Reception No. 1649399 . Note: Extension of the above lease as claimed by Affidavit of Production, pursuant to CRS 38-42-106, by Amoco Production, recorded February 9, 1976 in Book 759 as Reception No. 1680832 . (Affects W1/2 Section 35) 26 . All oil and gas rights appurtenant thereto, together with the right of ingress and egress to prospect for, drill and mine the same as reserved by Mary Adler as Personal Representative of the Estate of Carl H. Adler in the Deed to Robert L. Siegrist recorded January 21, 1982 in Book 959 as Reception No. 1880637, and any interests therein or rights thereunder. (Affects property as described in said deed in the W1/2 Section 35) Page 10 TRANSNATION TITLE INSURANCE COMPANY Commitment No . : 8072685 C-3 SCHEDULE B - Continued EXCEPTIONS 27 . All oil and gas rights, together with the right of ingress and egress to prospect for, drill and mine the same, as conveyed to Floyd Adler, Arthur V. Adler, Lawrence C. Adler, Orville Adler, Lily Wooden, Dale Adler, Shirley Anderson, Eva Jane Kong, Mary McCain, Jerald Adler and Carolyn Roe, by Mary Adler, as Personal Representative of the Estate of Carl H. Adler, deceased, by Deed recorded December 27, 1983 in Book 1016 as Reception No . 1951081, and any interests therein or rights thereunder. (Affects property described in said deed in the W1/2 Section 35) 28 . All oil and gas rights appurtenant thereto, together with the right of ingress and egress to prospect for, drill and mine, as reserved by Mary Adler, Floyd Adler, Arthur V. Adler, Lawrence C. Adler, Orville Adler, Lily Wooden, Dale Adler, Shirley Anderson, Eva Jane Kong, Mary McCain, Jerald Adler, and Carolyn Roe, in the Deed to St . Vrain Land Company, a general partnership recorded August 30, 1984 in Book 1041 as Reception No. 1979661, and any interests thereunder or rights thereunder. (Affects property described in said deed in the W1/2 Section 35) , 29 . St . Vrain Creek and any and all rights o.f way therefore as shown on survey by Nelson Engineers dated August, 1991, as Project No. 115 . (Affects Section 35) 30 . Terms, agreements, provisions, conditions, obligations and easements as contained in Special Use Permit recorded May 27, 1982 in Book 969 as Reception No. 1893052 . (Affects W1/2 and SE1/4 Section 35 and NW1/4SW1/4 Section 36) 31 . Right of way, whether in fee or easement only, to construct, reconstruct, inspect, upgrade, increase line size or capacity, operate, repair, maintain, replace, remove and operate one or more lines for the transmission, distribution and service of water, and all underground and service appurtenances thereto, as granted to The Little Thompson Water District, a quasi-municipal corporation and Central Weld County Water District by St . Vrain Land Company, recorded January 17 , 1996 in Book 1527 as Reception No . 2472237, affecting the following described property: As more particularly described in said instrument . (Affects W1/2 Section 35) Page 11 TRANSNATION TITLE INSURANCE COMPANY Commitment No. : 8072685 C-3 SCHEDULE B - Continued EXCEPTIONS 32 . Right of way, whether in fee or easement only, to construct, reconstruct, inspect, upgrade, increase line size or capacity, operate, repair, maintain, replace, remove and operate one or more lines for the transmission, distribution and service of water, and all underground and service appurtenances, as granted to the Little Thompson Water District, a quasi-municipal corporation and Central Weld County Water District by St . Vrain Land Company, recorded March 11 , 1996 in Book 1536 as Reception No. 2480305, affecting the following described property: As more particularly described in said instrument . (Affects W1/2 Section 35) 33 . Inlet Ditch Farmers No . 2 Reservoir, and any and all rights of way therefore, as evidenced by Map and Statement filed June 16, 1910 as Reception No. 156670 , in which the specific location is not defined. (Affects NW1/4SW1/4 Section 36) 34 . Right of way, whether in fee or easement only, for Hay Seed Ditch, as conveyed to the Hay Seed Ditch Company by instrument recorded February 9, 1900 in Book 178 at Page 189, in which the specific location is not defined. (Affects Sections 35 and 36) 35 . Undivided one-half interest in and to all oil, gas and other minerals, as reserved by Joe G. Goudelock and Esther P. Goudelock in the Deed recorded February 11, 1955 in Book 1411 at Page 402 , and any interests therein or rights thereunder. (Affects SE1/4SE1/4 Section 35) 36 . Oil and gas lease between C. Frank Guertner and Lois J. Guertner and Martin J. Freedman dated August 17 , 1979, recorded September 25, 1970 in Book 633 as Reception No. 1555147, and any interests therein or rights thereunder. Note : Extension of the above lease as claimed by Affidavit of Production, pursuant to CRS 38-42-106, by Amoco Production Company, recorded January 30 , 1976 in Book 758 as Reception No. 1680148 . Note: Extension of the above lease as claimed by Affidavit of Production, pursuant to CRS 38-42-106 , by Amoco Production Company, recorded February 9, 1976 in Book 759 as Reception No. 1680832 . NOTE: Amendment recorded September 14 , 1998 as Reception Nos . 2640045 and 2640046 . Page 12 TRANSNATION TITLE INSURANCE COMPANY Commitment No . : 8072685 C-3 SCHEDULE B - Continued EXCEPTIONS Note : Extension of the above lease as claimed by Affidavit of Production, pursuant to CRS 38-42-106, by Declaration of Pooling, recorded February 26, 2001 as Reception No . 2827994 . (Affects N1/2SE1/4 , SW1/4SE1/4 Section 35 , NW1/4SW1/4 Section 36) 37 . Right of way, whether in fee or easement only, to construct, reconstruct, rephase, repair, operate and maintain all streets, roads or highways abutting said lands, one distribution line or system, as granted to Union Rural Electric Association, Inc . by Thomas J. Cowan and Edward A. Brown, recorded May 27, 1980 in Book 904 as Reception No. 1825837, affecting the following described property: As more particularly described in said instrument. (Affects SE1/4 Section 35) 38 . Terms, agreements, provisions, conditions and obligations as contained on Map recorded February 10, 1981 in Book 927 as Reception No. 1849334 . (Affects SE1/4 Section 35 , NW1/4SW1/4 Section 36) 39 . Right of way, whether in fee or easement only, to construct, reconstruct, inspect, upgrade, increase line size or capacity, operate, repair, maintain, replace, remove and operate one or more lines for the transmission, distribution and service of water, and all underground and service appurtenances, as granted to the Little Thompson Water District, a quasi-municipal corporation and Central Weld County Water District by Construction Leasing Investment Company, recorded March 11, 1996 in Book 1536 as Reception No. 2480304 , affecting the following described property: As more particularly described in said instrument . (Affects SE1/4 Section 35) 40 . Right of way, whether in fee or easement only, to construct, reconstruct, inspect , operate, repair, maintain, replace, remove and operate for the transmission, distribution and service of water, and all underground and service appurtenances thereto, as granted to the Little Thompson Water District, a quasi-municipal corporation and Central Weld County Water District by Gary Slovek, John Slovek, Jr. , Michael S . Slovek, Joan L. Stearns, and Patricia Fox, recorded March 26, 1996 in Book 1539 as Reception No. 2482497, affecting the following described property: As more particularly described in said instrument . (Affects SE1/4 Section 35) Page 13 TRANSNATION TITLE INSURANCE COMPANY Commitment No. : 8072685 C-3 SCHEDULE B - Continued EXCEPTIONS 41 . Terms, agreements, provisions, conditions and obligations as contained in Agreement by and between John P. Slovek, Jr. Gary W. Slovek, Michael S . Slovek, Joan Leslie Stearns and Patricia Fox, Raintree, Ltd. , a Colorado corporation and the Board of County Commissioners of Weld County, Colorado recorded October 9 , 1997 in Book 1631 as Reception No. 2573333 . (Affects SE1/4SE1/4 Section 35) 42 . All oil, gas and related hydrocarbons, as reserved by C . Frank Guertner and Lois J. Guertner, in the deed recorded December 29 , 1977 in Book 818 as Reception No. 1739993 , and any interests therein or rights thereunder. (Affects Parcel 4) 43 . Any question, dispute or adverse claims as to any loss or gain of land as a result of any change in the river bed location by other than natural causes, or alteration through accretion, reliction, erosion or avulsion of the center thread, bank, channel or flow of waters in the St . Vrain River lying within subject Land; and any question as to the location of such center thread, bed, bank or channel as a legal description monument or marker for purposes of describing or locating subject lands . NOTE : There are no documents in the land records of the office of the Clerk and Recorder of Weld County, accurately locating past or present location (s) of the center thread, bank, bed or channel of the above River or indicating any alterations of the same as from time to time may have occurred. 44 . Any rights, interest or easements in favor of the riparian owners, the State of Colorado, the United States of America, or the general Public, which exist, have existed, or are claimed to exist in and over the waters and present and past bed and banks of St . Vrain River. 45 . Matters as shown in Boundary Survey recorded November 15, 1999 as Reception No. 2732653 . 46 . Terms, agreements, provisions, conditions, obligations and easements as contained in Notice of Oil and Gas Interests and Surface Use recorded December 7, 2000 as Reception No. 2811909 . 47 . Terms , agreements, provisions, conditions, obligations and easements as contained in Notice of Oil and Gas Intersts and Surface Use recorded December 12 , 2000 as Reception No. 2812809 . • Page 14 TRANSNATION TITLE INSURANCE COMPANY Commitment No. : 8072685 C-3 SCHEDULE B - Continued EXCEPTIONS 48 . Terms, agreements, provisions, conditions, obligations and easements as contained in Notice of Oil and Gas Interests and Surface Use recorded December 12 , 2000 as Reception No . 2812810 . 49 . Terms, agreements, provisions, conditions, obligations and easements as contained in Substitute Water Supply Plan, Riverdance Subdivision recorded June 18, 2001 as Reception No. 2858352 . 50 . Terms, agreements, provisions, conditions, obligations and • easements as contained in Request for Notification recorded October 15, 2001 as Reception No. 2891987 . • 51 . Terms, agreements, provisions, conditions, obligations and easements as contained in Request for Notification recorded October 15, 2001 as Reception No. 2891988 . 52 . Terms, agreements, provisions, conditions , obligations and easements as contained in Request for Notification of Surface Development recorded May 26, 2002 as Reception No. 2954748 . 53 . Terms, agreements, provisions, conditions, obligations and easements as contained in Riverdance Pud Zone Change recorded December 2, 2002 as Reception No. 3010132 . 54 . Terms, agreements, provisions, conditions, obligations and easements as contained in Rule and Order recorded December 31, 2002 as Reception No. 3019961 . 55 . Terms, agreements, provisions, conditions and obligations as contained in North Line Extension Participation and Reimbursement Agreement recorded March 14, 2003 as Reception No. 3042278 . 56 . Any undivided 1/2 interest in and to all oil, gas and other mineral now own by grantor as reserved in Warranty Deed recorded January 8 , 2004 as Reception No. 3142765 , and any interests therein or rights thereunder. 57 . Terms, agreements, provisions, conditions, obligations and easements as contained in North Line Extension Participation and Reimbursement Agreement recorded March 8, 2004 as Reception No. 3159863 . 58 . Terms, agreements, provisions, conditions, obligations and easements as contained in Non-Exclusive Utility Easement Agreement recorded March 8, 2004 as Reception No. 3159864 . Page 15 TRANSNATION TITLE INSURANCE COMPANY Commitment No. : 8072685 C-3 SCHEDULE B - Continued EXCEPTIONS NOTE : The following notices pursuant to CRS 9-1 . 5-103 concerning underground facilities have been filed with the Clerk and Recorder. These statements are general and do not necessarily give notice of underground facilities within the property. (a) Mountain Bell Telephone Company, recorded October 1 , 1981 in Book 949 as Reception No . 1870705 . (b) Colorado Interstate Gas Company, recorded August 31, 1984 in Book 1041 as Reception No. 1979784 . (c) Associated Natural Gas, Inc. , recorded April 10, 1989 in Book 1229 as Reception No. 2175917 . (d) Western Gas Supply Company, Recorded April 2, 1985 in Book 1063 as Reception No. 2004300 . (e) Panhandle Eastern Pipe Line Company, recorded June 26, 1986 in Book 1117 as Reception No. 2058722 . (f) United Power, Inc. , formerly Union Rural Electric Association, Inc . , recorded January 24, 1991 in Book 1288 as Reception No. 02239296 . Page 16 Land Title Guarantee Company CUSTOMER DISTRIBUTION OCT 5 Land The GUARANTEE COMPANY Date: 09-30-2004 Our Order Number: FC25042998-3 - ,Property Address: - - NA VACANT LAND LONGMONT, CO 80501 If you have any inquiries or require further assistance, please contact one of the numbers below: For Title Assistance;" For Closing Assistance: Ft. Collins "FC" unit Claire Riley Wendy Bell 6041 S. SYRACUSE WAY#100 772 WHALERS WAY#100 ENGLEWOOD, CO 80111 FORT COLLINS, CO 80525 Phone: 303-740-6293 Phone: 970-282-3649 Fax: 303-740-8514 Fax: 970-282-3652 EMail: criley@ltgc.com EMail: wbell@ltgc.com • CARMA COLORADO 9110 E NICHOLS AVE#180 13184 WELD COUNTY ROAD 13 ENGLEWOOD,CO 80112 LONGMONT, CO 80504 Attn: CAROLE DODERO Copies: 1 Phone: 303-790-6591 Sent Via US Postal Service Fax: 303-706-9453 Copies: 1 EMail:cdodero@carma.ca Sent Via EMail LAND TITLE GUARANTEE COMPANY JOHNSON&REPUCCI LLP 6041 S. SYRACUSE WAY#100 2521 BROADWAY,SUITE A ENGLEWOOD, CO 80111 BOULDER, CO 80304 Ann: Claire Riley Attn: MICHAEL J.REPUCCI Phone: 303-740-6293 Phone: 303-442-1900 Fax: 303-740-8514 Fax: 303-442-0191 EMail: criley@ltgc.com Copies: 1 EMail:hrsmith@j-rlaw.com • Sent Via EMail GREENBERG TRAURIG LLP CARROLL&LANGE,INC THE TABOR CENTER 165 S UNION BLVD 1200 17TH ST#2400 LAKEWOOD,CO 80228 DENVER,CO 80202 Amt: BILL HESSELBACH Attn: KEITH M POCKROSS Phone: 303-980-0200 Phone: 303-572-6516 Fax: 303-980-0917 Fax: 303-572-6598 Copies: 1 , Copies: I Sent Via Fax EMail:adensamm@gtlaw.com - Sent Via EMail Jr" Land Title Guarantee Company Date: 09-30-2004 Ldld Title Our Order Number: FC25042998-3 GUARANTEE COMPANY Property Address: NA VACANT LAND LONGMONT, CO 80501 Buyer/Borrower: CARMA COLORADO, INC., A NEVADA CORPORATION Seller/Owner: RADEMACHER FARMS LIMITED LIABILITY COMPANY, A COLORADO LIMITED LIABILITY COMPANY Wire Information: Bank:FIRSTBANE OF COLORADO 10403 W COLFAX AVENUE LAKEWOOD, CO 80215 Phone:303-237-5000 Credit:LAND TITLE GUARANTEE COMPANY ABA No.: 107005047 Account:2160521825 Attention: Claire Riley Note: Once an original commitment has been issued, any subsequent modifications will be emphasized by underlining or comments. Need a map or directions for your upcoming closing? Check out Land Title's web site at www.ltgc.com for directions to any of our 54 office locations. ESTIMATE OF TITLE FEES Alta Owners Policy 10-17-92 (Reissue Rate) $5,241.00 Alta Loan Policy 10-17-92 $100.00 Deletion of Standard Exception(s)(Lender) $100.00 Tax Report $20.00 If Land Title Guarantee Company will be closing this transaction, above fees will be collected at that time. TOTAL $5,461.00 Torn CONTACT O6/04 THANK YOU FOR YOUR ORDER! Old Republic National Title Insurance Company ALTA COMMITMENT Our Order No. FC25042998-3 Schedule A Oust. Ref.: Property Address: NA VACANT LAND LONGMONT, CO 80501 1. Effective Date: September 27, 2004 at 5:00 P.M. 2. Policy to be Issued, and Proposed Insured: "ALTA" Owner's Policy 10-17-92 53,20O,000.00 Proposed Insured: CARMA COLORADO, INC., A NEVADA CORPORATION "ALTA" Loan Policy 10-17-92 $2,66O,000.00 Proposed Insured: RADEMACHER FARMS LIMITED LIABILITY COMPANY, A COLORADO LIMITED LIABILITY COMPANY 3. The estate or interest in the land described or referred to in this Commitment and covered herein is: A Fee Simple 4. Title to the estate or interest covered herein is at the effective date hereof vested in: RADEMACHER FARMS LIMITED LIABILITY COMPANY, A COLORADO LIMITED LIABILITY COMPANY 5. The land referred to in this Commitment is described as follows: THE SOUTHWEST 1/4 OF SECTION 25, TOWNSHIP 3 NORTH, RANGE 68 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO. ALTA COMMITMENT Schedule B-1 (Requirements) Our Order No. FC25042998-3 The following are the requirements to be complied with: - - Payment to or for the account of the grantors or mortgagors of the full consideration for the estate or interest to be insured. Proper instrument(s)creating the estate or interest to be insured must be executed and duly filed for record, to-wit: 1. RELEASE OF DEED OF TRUST DATED NOVEMBER 11, 1981 FROM EDWARD RADEMACHER AND MAGDALEN A. RADEMACHER TO THE PUBLIC TRUSTEE OF WELD COUNTY FOR THE USE OF FEDERAL LAND BANK OF WICHITA TO SECURE THE SUM OF$375,000.00 RECORDED NOVEMBER 19, 1981, UNDER RECEPTION NO. 1874934. 2. RELEASE OF DEED OF TRUST DATED JULY 27, 1988 FROM RADEMACHER FARMS, A COLORADO GENERAL PARNERSHIP TO THE PUBLIC TRUSTEE OF WELD COUNTY FOR THE USE OF EDWARD RADEMACHER AND MAGDALEN A. RADEMACHER TO SECURE THE SUM OF $50,000.00 RECORDED AUGUST 03, 1988, UNDER RECEPTION NO. 2150177. -. RELEASE OF DEED OF TRUST DATED OCTOBER 01, 1996 FROM RADEMACHER FARMS LIMITED LIABILITY COMPANY, A COLORADO LIMITED LIABILITY COMPANY TO THE PUBLIC TRUSTEE OF WELD COUNTY FOR THE USE OF EDWARD RADEMACHER AND - MAGDALEN A. RADEMACHER TO SECURE THE SUM OF$50,000.00 RECORDED DECEMBER 23, 1996, UNDER RECEPTION NO. 2526304. 4. PARTIAL RELEASE OF DEED OF TRUST DATED MAY 22, 2003, FROM RADEMACHER FARMS LIMITED LIABILITY COMPANY, A COLORADO LIMITED LIABILITY COMPANY TO THE PUBLIC TRUSTEE OF WELD COUNTY FOR THE USE OF FARMERS HOME ADMINISTRATION, UNITED STATES DEPARTMENT OF AGRICULTURE TO SECURE THE SUM OF$404,000.00 RECORDED MAY 27, 2003, UNDER RECEPTION NO. 3066516. 5. WARRANTY DEED FROM RADEMACHER FARMS LIMITED LIABILITY COMPANY, A COLORADO LIMITED LIABILITY COMPANY TO CARMA COLORADO, INC., A NEVADA CORPORATION CONVEYING SUBJECT PROPERTY. NOTE: ARTICLES OF ORGANIZATION FOR RADEMACHER FARMS LIMITED LIABILITY COMPANY, A COLORADO LIMITED LIABILITY COMPANY DISCLOSE(S) LOUIS RADEMACHER AND ROGER D. RADEMACHER AS THE MANAGER(S). '^ DEED OF TRUST FROM CARMA COLORADO, INC., A NEVADA CORPORATION TO THE PUBLIC TRUSTEE OF WELD COUNTY FOR THE USE OF RADEMACHER FARMS LIMITED LIABILITY COMPANY, A COLORADO LIMITED LIABILITY COMPANY TO SECURE THE SUM OF ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042998-3 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: I. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements, not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 5. 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 of record for value the estate or interest or mortgage thereon covered by this Commitment. 6. Taxes and assessments not yet due or payable and special assessments not yet certified to the Treasurer's office. 2-, Any unpaid taxes or assessments against said land. 8. Liens for unpaid water and sewer charges, if any. 9. RIGHT OF WAY FOR COUNTY ROADS 30 FEET ON EITHER SIDE OF SECTION AND TOWNSHIP LINES, AS ESTABLISHED BY THE BOARD OF COUNTY COMMISSIONERS FOR WELD COUNTY, RECORDED OCTOBER 14, 1889 IN BOOK 86 AT PAGE 273. NOTE: ALTA SURVEY PREPARED BY CARROLL&LANGE SHOWS WELD COUNTY ROAD 28 ON THE SOUTHERLY PROPERTY LINE AND WELD COUNTY ROAD 11 ON THE WESTERLY PROPERTY LINE. 10. (ITEM INTENTIONALLY DELETED) 11. RIGHT OF WAY FOR RAILWAY AS RESERVED BY DENVER PACIFIC RAILWAY AND TELEGRAPH COMPANY IN DEED RECORDED MARCH 21, 1878 IN BOOK 25 AT PAGE 3. 12. RIGHT OF WAY EASEMENT AS GRANTED TO THE DENVER, GREELEY, &FORT COLLINS RAILROAD CO. IN INSTRUMENT RECORDED JANUARY 21, 1907, IN BOOK 252 AT PAGE 10. 1.5. OIL AND GAS LEASE, RECORDED MAY 15, 1971 UNDER RECEPTION NO. 1547418 AND ANY AND ALL ASSIGNMENTS THEREOF, OR INTEREST THEREIN. ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042998-3 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 14. RIGHT OF WAY EASEMENT AS GRANTED TO PANHANDLE EASTERN PIPE LINE COMPANY IN INSTRUMENT RECORDED FEBRUARY 21, 1974, UNDER RECEPTION NO. 1630649. 15. RIGHT OF WAY EASEMENT AS GRANTED TO TR1-STATE GENERATION AND TRANSMISSION ASSOCCIATION, INC. IN INSTRUMENT RECORDED SEPTEMBER 19, 1974, UNDER RECEPTION NO. 1645107. 16. RIGHT OF WAY EASEMENT AS GRANTED TO TRI-STATE GENERATION AND TRANSMISSION ASSOCIATON, INC. IN INSTRUMENT RECORDED JUNE 10, 1986, UNDER RECEPTION NO. 2056677. 17. UNDIVIDED 50% INTEREST IN AND TO ALL OIL, GAS AND OTHER MINERALS AS CONVEYED IN DEED RECORDED SEPTEMBER 18, 1997, UNDER RECEPTION NO. 2569702, AND ANY AND ALL ASSIGNMENTS THEREOF OR INTERESTS THEREIN. 18. THE FINAL TITLE INSURANCE POLICY (POLICIES) SHALL NOT AND DOES NOT INSURE THE TITLE TO THOSE FIXTURES, STRUCTURES AND LIKE APPURTENANCES WHICH ARE NOT ASSESSED AND TAXED AS REAL PROPERTY BY THE COUNTY. NO EXAMINATION OF THE TITLE TO THE REFERENCED FIXTURES, STRUCTURES AND LIKE APPURTENANCES HAS BEEN MADE. 19. EXISTING LEASES AND TENANCIES, IF ANY. NOTE: UPON RECEIPT OF A FINAL AFFIDAVIT OF SELLER LISING LEASES OR TENANCIES AT THE TIME OF CLOSING ABOVE EXCEPTION 17 WILL BE REVISED. 20. RIGHT OF WAY FOR CONCRETE DITCHES AND DIRT ROADS AND TELEPHONE PEDESTAL OUTSIDE EASEMENT ON SOUTHERLY PROPERTY LINE AS SHOWN ON ALTA SURVEY DATED MAY 24, 2004 PREPARED BY CARROLL& LANGE THEIR JOB NO. 3075. NOTE:THE FOLLOWING NOTICES PURSUANT TO CRS 9-1.5-103 CONCERNING UNDERGROUND FACILITIES HAVE BEEN FILED WITH THE CLERK AND RECORDER. THESE STATEMENTS ARE GENERAL AND DO NOT NECESSARILY GIVE NOTICE OF UNDERGROUND FACILITIES WITHIN THE SUBJECT PROPERTY: (A) MOUNTAIN BELL TELEPHONE COMPANY, RECORDED OCTOBER 1, 1981 IN BOOK 949 ! - ALTA . COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042998-3 The policy or policies-to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: AT RECEPTION NO. 1870705. (B) ASSOCIATED NATURAL GAS, INC., RECORDED JULY 20, 1984 IN BOOK 1037 AT RECEPTION NO. 1974810 AND RECORDED OCTOBER 1, 1984 IN BOOK 1045 AT RECEPTION NO. 1983584 AND RECORDED MARCH 3, 1988 IN BOOK 1187 AT RECEPTION NO. 2132709 AND RECORDED APRIL 10, 1989 IN BOOK 1229 AT RECEPTION NO. 2175917. (C) PANHANDLE EASTERN PIPE LINE COMPANY, RECORDED OCTOBER 1, 1981 IN BOOK 949 AT RECEPTION NO. 1870756 AND RECORDED JUNE 26, 1986 IN BOOK 1117 AT RECEPTION NO. 2058722. (D) COLORADO INTERSTATE GAS COMPANY, RECORDED AUGUST 31, 1984 IN BOOK 1041 AT RECEPTION NO. 1979784. (E)WESTERN GAS SUPPLY COMPANY, RECORDED APRIL 2, 1985 IN BOOK 1063 AT RECEPTION NO. 2004300. (F) ST. VRAIN SANITATION DISTRICT, RECORDED DECEMBER 14, 1988 AT RECEPTION NO. 2164975. (G) UNITED POWER, INC., RECORDEDJANUARY 24, 1991 AT RECEPTION NO. 2239296. LAND TITLE GUARANTEE COMPANY DISCLOSURE STATEMENTS Note: Pursuant to CRS 10-11-122, notice is hereby given that: A) The subject real property may be located in a special taxing district. B) A Certificate of Taxes Due listing each taxing jurisdiction may be obtained from the County Treasurer's authorized agent. C) The information regarding special districts and the boundaries of such districts may be obtained from the Board of County Commissioners, the County Clerk and Recorder, or the County Assessor. Note: Effective September 1, 1997, CRS 30-10-406 requires that all documents received for recording or filing in the clerk and recorder's office shall contain a top margin of at least one inch and a left, right and bottom margin of at least one half of an inch. The clerk and recorder may refuse to record or file any document that does not conform, except that, the requirement for the top margin shall not apply to documents using forms on which space is provided for recording or filing information at the top margin of the document. Note: Colorado Division of Insurance Regulations 3-5-1, Paragraph C of Article VII requires that "Every title entity shall be responsible for all matters which appear of record prior to the time of recording whenever the title entity conducts the closing and is responsible for recording or filing of legal documents resulting from the transaction which was closed". Provided that Land Title Guarantee Company conducts the closing of the insured transaction and is responsible for recording the legal documents from the transaction, exception number 5 will not appear on the Owner's Title Policy and the Lenders Policy when issued. Note: Affirmative mechanic's lien protection for the Owner may be available(typically by deletion -- of Exception no. 4 of Schedule B, Section 2 of the Commitment from the Owner's Policy to be issued)upon compliance with the following conditions: A)The land described in Schedule A of this commitment must be a single family residence which includes a condominium or townhouse unit. B) No labor or materials have been furnished by mechanics or material-men for purposes of construction on the land described in Schedule A of this Commitment within the past 6 months. C) The Company must receive an appropriate affidavit indemnifying the Company against un-filed mechanic's and material-men's liens. D) The Company must receive payment of the appropriate premium. E) If there has been construction, improvements or major repairs undertaken on the property to be purchased within six months prior to the Date of the Commitment, the requirements to obtain coverage for unrecorded liens will include: disclosure of certain construction information; financial information as to the seller, the builder and or the contractor; payment of the appropriate premium fully executed Indemnity Agreements satisfactory to the company, and, any additional requirements as may be necessary after an examination of the aforesaid information by the Company. No coverage will be given under any circumstances for labor or material for which the insured has contracted for or agreed to pay. Note: Pursuant to CRS 10-11-123, notice is hereby given: This notice applies to owner's policy commitments containing a mineral severance instrument exception, or exceptions, in Schedule B, Section 2. A) That there is recorded evidence that a mineral estate has been severed, leased, or otherwise conveyed from the surface estate and that there is a substantial likelihood that a third party holds some or all interest in oil, gas, other minerals, or geothermal energy in the property; and B)That such mineral estate may include the right to enter and use the property without the surface owner's permission. Nothing herein contained will be deemed to obligate the company to provide any of the coverages referred to herein unless the above conditions are fully satisfied. Form DISCLOSURE 09/01/02 JOINT NOTICE OF PRIVACY POLICY OF LAND TITLE GUARANTEE COMPANY AND LAND TITLE INSURANCE CORPORATION AND OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY Title V of the Gramm-Leach-Bliley Act (GLBA)generally prohibits any financial institution, directly or through its affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party unless the institution provides you with a notice of its privacy policies and practices, such as the type of information that it collects about you and the categories of persons or entities to whom it may be disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of Land Title Guarantee Company and Land Title Insurance Corporation and Old Republic National Title Insurance Company. We may collect nonpublic personal information about you from the following sources: Information we receive from you such as on applications or other forms. - - Information about your transactions we secure from our files, or from our affiliates or others. Information we receive from a consumer reporting agency. Information that we receive from others involved in your transaction, such as the real estate agent or lender. Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic personal information will be collected about you. We may disclose any of the above information that we collect about our customers or former customers to our affiliates or to nonaffiliated third parties as permitted by law. We also may disclose this information about our customers or former customers to the following types of nonaffiliated companies that perform marketing services on our behalf or with whom we have joint marketing agreements: *Financial service providers such as companies engaged in banking, consumer finance, securities and insurance. *Non-fmancial companies such as envelope stuffers and other fulfillment service providers. WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. r Form PRIV.P0L.0RT • Commitment to Insure ALTA Commitment-1970 Rev. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY,a Minnesota corporation,herein called the Company,I or a _ * valuable consideration,hereby commits to issue its policy_or policies of title insurance,as identified in Schedule A,in f aver of the proposed Insured named in Schedule A,as owner or mortgagee of the estate or interest covered hereby in the land y * described or referred to in Schedule A.upon payment of the premiums and charges therefor;at subject to the provisions of 7c Schedule A and B end to the Conditions and Stipulations hereof. This Commitment shal be effective only when the indentity of the proposed Insured and the amount of the 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. This Comrdtment is preliminary to the issuance of such poky or policies of title insurance and all lability and obligations hereunder shal 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 poky or policies is not the fault of the Company. CONDITIONS AND STIPULATIONS 1.The term"mortgage;when used herein,shal 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 shal 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 sa disclose such knowledge If the proposed Insured shah disclose such knowledge to the Company,or it the Company otherwise acquires actual knowledge of any such defect,ken,encumbrance,adverse claim or other matter,the Company at its option may amend Schedule B of this Commitment accordingly,but such amendment shag of relieve the Company from Whiny previously incurred pursuant to paragraph 3 of these Conditions and Stipulations. 3.liabIty of the company under this Commitment shag be only to the named proposed Insured and such parties included under the definition of Insured in the form of poky or pokies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith lal to comply with the requirements hereof or Pa to ekninate exceptions shown in Schedule B,or lc)to acquire or create the estate or interest or mortgage thereon covered by this Commitment In no event shal such labily exceed the amount stated in Schedule A for the poky 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 getters contained in the Conditions and Stipulations and Exclusions from Coverage above referred to,this Commitment is also subject to the folowing: t.Rights or claims of parties in•psmssion not shown by the public records. 2.Easements,or claims of easements,not shown by the pubk records. 3.Discrepancies,conflicts in boundary lines,shortage in area,encroachments,and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the pubic records. 4.Any Gen,or right to a len,for services,labor or material theretofore or hereafter furnished,imposed by law and not shown by the public records. 5.Defects,hens,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 of record for value the estate or interest or mortgage thereon covered by this Commitment. 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 ,,•`.. • P�717�E�4.- 1 z-� 400 Second Avenue South _c + * * mG.• J1R _ '\1Al 1_ _ y1Q Minneapolis,Minnesota 55401 * % * 0—(w.-lO1VlRLJa-CJcll 16121371-1111 •m * • m, Authorized Signature u * si I CC.ORT p1,,,,,,da Property Tax Information Page 1 of 1 rlorne 3 n ce3 �r '� =.Ezt� 1L A.:1131 '"tali '= '' er- e rsu 'sfioa H 3 r Home > Departments > Treasurer's Office > Tax Search > Tax Search Results > Tax Detail Tax Search Details Information for tax year: 2004 payable in 2005 Property Information Owner Name: Rademacher Farms Ltd Liability Co Address: 13322 11 CR City: Weld Account Number: R4765886 Parcel Number: 120725000006 Legal Address: 25601 sw4 25 3 68 (4r1d) %13322 wcr 11% situs: 13322 11 cr weld 00000 Payment Information Total Tax Amount: $2,404.84 Actual Land Value $74,936.00 First Half Amount: $0.00 Actual Improved Value $117,316.00 Second Half Amount: $0.00 Actual Total Value $192,252.00 SR. Exemption: $0.00 Assessed Land Value $21,740.00 Full Amount Paid: $0.00 Assessed Improved Value $11,370.00 Current Balance: $2,404.84 Assessed Total Value $33,110.00 IF any of the followin fields are "YES" please contact the Treasurer's Office for more information. Tax Status Tax Liens: No Senior Homestead Exemption: No Prior Taxes Due: No Tax Area 2309 Special Improvement Tax: No Mill Levy 72.632 Database Last Updated at: 02:29 AM on January 14, 2005 Identify Results Page 1 of 1 Parcel Valuation Account#: R4765886 Parcel#: 120725000006 Owners Name&Address: Property Address: RADEMACHER FARMS LTD LIABILITY CO Street: 13322 11 CR 13184 WELD COUNTY ROAD 13 City: WELD LONGMONT, CO 80501 Business/Complex: Legal Description 25601 SW4 25 3 68 (4R1D) %13322 WCR 11%SITUS: 13322 11 CR WELD 00000 II Land Value $74,936 Land Assessed Value $21,740 Ifnpr. Value 3117.316 - Imor.Assessed Value 311,370 Total Value $192,252 Total Assessed Value $33,110 Total Taxes: $2,465.28 Amount Due: $0.00 Tax Area: Bordering County: Township Range Section Ouart.Sec. Subdivison Name Block# Lot# 03 - 68 - 25- 0 - - Land Subtotal: Acres:155 Sale Price Sale Date Peed Type Reception # $425,000 7/27/1988 02150176 , http://maps.merrick.com/Website/Weld/setSal.asn?emd=OTTF.RYR,TIRT rP rrAl2,n;nrinn 11 /0if,nn. Identify Results Page 1 of 3 WELD COUNTY ASSESSOR PROPERTY PROFILE Account#: R4765886 Parcel#: 120725000006 Tax Area: 2309 Bordering County: Acres: 155 Township Range Section Quart.Sec. - Subdivison Name Block# Lot* 03 - 68 -25 -0 Owners Name&Address: Property Address: IIADEMACI4ER FARMS LTD LIABILITY CO Street: 13322 11 CR 13184 WELD COUNTY ROAD 13 City:WELD LONGMONT,CO 80501 Business/Complex: Sales Summary Sale Date Sale Price Deed Type Reception # 7/27/1988 $425,000 0215O176 Legal Description ` 25601 SW4 25 3 68 (4R1D) %13322 WCR 11%SITUS: 13322 11 CR WELD 00000 Land Valuation Summary -^ Land Type Abst Code Unit of Number of Assessed Measure Units Actual Value Agricultural 4147 Acres 1 Value Agricultural 4117 Acres 152 Agricultural 4167 Acres 2 Land Subtotal: 155 $74,936 $21,740 Buildings Valuation Summary Bldg# Property Type Actual Value Assessed 1 Residential Value 11 Out Building 2 Out Building 3 Out Building Improvements Subtotal: $117,316 $11,370 Total Property Value $192,252 $33,110 Building Details Account#: R4765886 Parcel#: 120725000006 Owners Name&Address: Property Address: RADEMACHER FARMS LTD LIABILITY CO Street: 13322 11 CR 13184 WELD COUNTY ROAD 13 City: WELD LONGMONT, CO 80501 Building* Property Type 1 Residential httn://mans.metrick.cnm/Weheite/Wpl,1/vptcni ocn9nmArflh imp 0.nrm_nn o___[__ ,nn ,__ .__ _ Identify Results Page 2 of 3 Individual Built As Detail Built As: Ranch 1 Story Year Built: 1939 Exterior: Frame Hardboard HVAC: Forced Air Interior Finish: Drywall Built As SQ Ft: 1440 # of Baths: 2 Roof Type: #of Bdrms: Roof Cover: Composition Shingle # of Stories: 1 9 Rooms: Units: 0 Garage- Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: 864 Finished SQ Ft: Account#: R4765886 Parcel*: 120725000006 Owners Name&Address: Property Address: RADEMACHER FARMS LTD LIABILITY CO Street: 13322 11 CR 13184 WELD COUNTY ROAD 13 City:WELD LONGMONT, CO 80501 Building* Property Type 11 Out Building Individual Built As Detail Built As: Grain Bin Year Built: Exterior: Metal HVAC: None Interior Finish: None Built As SQ Ft: 1 #of Baths: 0 # Roof Type: Cove:e: of Bdrms: 0 Roof Cover: #of Stories: 0 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement' Total SQ Ft: Finished SQ Ft: Account#: R4765886 Parcel#: 120725000006 Owners Name&Address; Property Address: RADEMACHER FARMS LTD LIABILITY CO Street: 13322 11 CR 13184 WELD COUNTY ROAD 13 City:WELD LONGMONT,CO 80501 Building* Property Type 2 Out Building Individual Built As Detail Built As: Shed - Utility Year Built: Exterior: 1973 Interior Finish: HVAC: None Built As SQ Ft: 2272 # of Baths: 0 Roof Type: # of Bdrms: 0 Roof Cover: # of Stories: 0 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: htbil/mans.merrick.nnm/Wehcite/WPLIicArCnt nn..9....."A—nTmnvn r.. .. . ____ _ Identify Results Page 3 of 3 Total SQ Ft: Finished SQ Ft: Account#: R4765886 Parcel#: 120725000006 Owners Name&Address: Property Address: RADEMACHER FARMS LTD LIABILITY CO Street: 13322 11 CR 13184 WELD COUNTY ROAD 13 City: WELD LONGMONT, CO 80501 - - Building* Property Type 3 Out Building Individual Built As Detail Built As: Shed - Utility Year Built: Exterior: H 0 Interior Finish: Built B None Built As SQ Ft: 1 #of Baths: 0 Roof Type: #of Bdrms: 0 Roof Cover: #of Stories: 0 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: • fitfn•//rnnna...e.,- nir ..,.«./�x7..t...:...ntr_t-IL_.o_t __._n__. , nt......,.. Property Tax Information Page 1 of 1 4 ausne II -r,•• n it 'aces 33 , .d a.3ea'¢,r aaa-rsna3io“ ''i arc � Home > Departments > Treasurer's Office > Tax Search > Tax Search Results > Tax Detail Tax Search Details Information for tax year: 2004 payable in 2005 Property Information Owner Name: Rademacher Edward & Magdalen Living Tr Address: City: Weld County, CO Account M4765986 Number: Parcel Number: 120725000006 Legal Address: 25601 imps only mh sw4 25 3 68 mbl home, title no: 03m467346 serial: gdmhks07806755 year: 1980 make: hacienda Payment Information Total Tax Amount: $58.12 Actual Land Value $0.00 First Half Amount: $0.00 Actual Improved Value $10,000.00 Second Half Amount: $0.00 Actual Total Value $10,000.00 SR. Exemption: $0.00 Assessed Land Value $0.00 Full Amount Paid: $0.00 Assessed Improved Value $800.00 Current Balance: $58.12 Assessed Total Value $800.00 IF any of the following fields are "YES" please contact the Treasurer's Office for more information. Tax Status Tax Liens: No Senior Homestead Exemption: No Prior Taxes Due: No Tax Area 1313 Special Improvement Tax: No Mill Levy 72.632 Database Last Updated at: 02:29 AM on January 14, 2005 hrt«.//......... .... ......a ..,. .._ia___-`.-----...,. . _ - - - -- - Report Date: 04/14/2004 04:39PM WELD COUNTY TREASURER Page: 1 CERTIFICATE OF TAXES DUE CERT#: 10607 1EDULE NO: M4765986 ORDER NO: 25042998 ASSESSED TO: VENDOR NO: 14 RADEMACHER EDWARD & MAGDALEN LIVING TR LAND TITLE OF FT COLLINS C/O RADEMACHER FARMS LTD LIABILITY CO 772 WHALERS WAY STE 100 13184 WCR 13 LONGMONT, CO 80504 FT COLLINS CO 80525 LEGAL DESCRIPTION: _ 25601 IMPS ONLY MH SW4 25 3 68 HACIENDA 80-GDMHKS07806755 PARCEL: 120725000006 SITUS ADD: TAX YEAR CHARGE TAX AMOUNT INTEREST FEES PAID TOTAL DUE 2003 TAX 59.56 0.00 0.00 0.00 59.56 TOTAL TAXES 59.56 GRAND TOTAL DUE GOOD THROUGH 04/15/2004 59.56 ORIGINAL TAX BILLING FOR 2003 TAX DISTRICT 1313 • Authority Mill Levy Amount Values Actual Assessed WELD COUNTY • W21.474 17.19 AGRICULTUR 10,000 800 SCHOOL DIST RE1J 40.374 32.29 __- NCW WATER 1.000 0.80 TOTAL 10,000 800 SVW WATER 0.243 0.19 LTW WATER 0.000 0.00 MTN VIEW FIRE(BOND 2008) 0.300 0.24 WELD LIBRARY 3.249 2.60 MOUNTAIN VIEW FIRE 7.817 6.25 TAXES FOR 2003 74.457 59.56 FEE FOR THIS CERTIFICATE 10.00 TAX LIEN SALE AMOUNTS ARE SUBJECT TO CHANGE DUE TO ENDORSEMENT OF CURRENT TAXES BY THE LIENHOLDER uri TO ADVERTISING AND DISTRAINT WARRANT FEES. CHANGES MAY OCCUR AND THE TREASURER'S OFFICE WILL NEED TO BE CONTACTED PRIOR TO REMITTANCE AFTER THE FOLLOWING DATES: PERSONAL PROPERTY AND MOBILE HOMES-AUGUST 1, REAL PROPERTY•AUGUST 1. TAX LIEN SALE REDEMPTION AMOUNTS MUST BE PAID BY CASH OR CASHIERS CHECK. SPECIAL TAXING DISTRICTS AND THE BOUNDARIES OF SUCH DISTRICTS MAY BE ON FILE WITH THE BOARD OF COUNTY COMMISSIONERS,THE COUNTY CLERK,OR THE COUNTY ASSESSOR. This certificate does not include land or improvements assessed under a separate account number,personal property taxes, transfer tax or misc.tax collected on behalf of other entities,special or local improvement district assessments or mobile homes,unless specifically mentioned. I,the undersigned,do hereby certify that the entire amount of taxes due upon the above described parcels of real property and all outstanding sales for unpaid taxes as shown by the records in my office from which the same may still be redeemed with the amount required for redemption are as noted herein.In witness whereof,I have hereunto set my hand and seal this 14th day of Aoril.2004. TREASURER,WELD COUNTY, CLAUD W. HANES, BY: 49 J P.O. Box 458 �/n a� Greeley, CO 80632 (970) 353-3845 ext. 3290 erg Land Title Guarantee Company CUSTOMER DISTRIBUTION Land Title GUARANTEL COMPANY Date: 09-30-2004 - - Our Order Number: FC25042997-3 Property Address: VACANT LAND LONGMONT, CO 80504 If you have any inquiries or require further assistance,please contact one of the numbers below: For Title Assistance: For Closing_Assistance: Ft. Collins "FC" Unit Claire Riley Wendy Bell 6041 S. SYRACUSE WAY#100 772 WHALERS WAY#100 ENGLEWOOD, CO 80111 FORT COLLINS, CO 80525 Phone: 303-740-6293 Phone: 970-282-3649 Fax: 303-740-8514 Fax: 970-282-3652 EMail: criley@Itgc.com EMail: wbell@ltgc.com CARMA COLORADO 13545 WELD COUNTY ROAD 13 9110 E NICHOLS AVE 4180 LONGMONT,CO 80504 ENGLEWOOD,CO 80112 Copies: 1 Attn: CAROLE DODERO ' Sent Via US Postal Service Phone: 303-790-6581 Fax: 303-706-9453 Copies: 1 EMail:cdodero@carma.ca Sent Via EMail LAND TITLE GUARANTEE COMPANY GREENBERG TRAURIG LLP 6041 S. SYRACUSE WAY#100 THE TABOR CENTER ENGLEWOOD,CO 80111 1200 17TH ST#2400 Attn: Claire Riley DENVER,CO 80202 Phone: 303-740-6293 Attn: KEITH M POCKROSS Fax: 303-740-8514 Phone: 303-572-6516 EMail:criley@ltgc.com Fax: 303-572-6598 EMail:pockrossk@gllaw.com Sent Via EMail JOHNSON&REPUCCI LLP CARROLL&LANGE,INC 2521 BRAODWAY,SUITE A 165 S UNION BLVD BOULDER,CO 80304 LAKEWOOD,CO 80228 Attn: MICHAEL J.REPUCCI Attn: BILL HESSELBACH Phone: 303-442-1900 Phone: 303-980-0200 Fax: 303-442-0191 Fax: 303-980-0917 Copies: 1 Copies: 1 EMail: hrsmith@j-rlaw.com Sent Via Fax es"" Sent Via EMail Land Title Guarantee Company Date: 09-30-2004 Land Title Our Order Number: FC25O42997-3 GnAMaiEC COMPANY Property Address: - _ VACANT LAND LONGMONT, CO 80504 Buyer/Borrower: CARMA COLORADO, INC., A NEVEDA CORPORATION Seller/Owner: BYRON M. FORD AND SHIRLEY A. FORD Wire Information: Bank:FIRSTBANK OF COLORADO 10403 W COLFAX AVENUE LAKEWOOD, CO 80215 Phone:303-237-5000 Credit LAND 7771E GUARANTEE COMPANY ABA No.: 107005047 Account 2160521825 Attention: Claire Riley #ii#i##iiiiiiiii#iii####ii#i#iii###iii##iiiitii#iiiitiiiiiiiifitii Note: Once an original commitment has been issued, any subsequent modifications will be emphasized by underlining or comments. ######ii►tiiii#i##iii*iiiiii######ii###i#ii####i#e###i#i#ii####iii Need a map or directions for your upcoming closing? Check out Land Title's web site at www.ltgc.com for directions to any of our 54 office locations. ESTIMATE OF TITLE FEES Alta Owners Policy 10-17-92 (Reissue Rate) $1,171.00 Deletion of Standard Exception(s) (Owner) $100.00 -fax Report $20.00 If Land Title Guarantee Company will be closing this transaction, above fees vill be collected at that tins. TOTAL $1,291.00 Porn=nee PP/ot THANK YOU FOR YOUR ORDER! Old Republic National Title Insurance Company ALTA COMMITMENT Our Order No. FC25042997-3 Schedule A Cust. Ref.: Property Address: VACANT LAND LONGMONT, CO 80504 • 1. Effective Date: September 27. 2004 at 5:00 P.M. 2. Policy to be Issued, and Proposed Insured: "ALTA" Owner's Policy 10-17-92 $660,000.00 Proposed Insured: CARMA COLORADO, INC., A NEVEDA CORPORATION 3. The estate or interest in the land described or referred to in this Commitment and covered herein is: A Fee Simple 4. Title to the estate or interest covered herein is at the effective date hereof vested in: BYRON M. FORD AND SHIRLEY A. FORD 5. The land referred to in this Commitment is described as follows: LOT A, RECORDED EXEMPTION NO. 1207-25-1-RE1840, AS PER THE MAP RECORDED MARCH 6, 1996 AT RECEPTION NO. 2479616, BEING A PART OF THE SOUTH 1/2 OF THE NORTHEAST 1/4 OF SECTION 25, TOWNSHIP 3 NORTH, RANGE 68 WEST OF THE SIXTH PRINCIPAL MERIDIAN, COUNTY OF WELD, STATE OF COLORADO. I ALTA COMMITMENT Schedule B-1 (Requirements) Our Order No. FC25042997-3 The following are the requirements to be complied with: Payment to or for the account of the grantors or mortgagors of the full consideration for the estate or interest to be insured. Proper instrument(s) creating the estate or interest to be insured must be executed and duly filed for record, to-wit: 1. RELEASE OF DEED OF TRUST DATED MARCH 10, 2003 FROM BYRON M. FORD AND SHIRLEY A. FORD TO THE PUBLIC TRUSTEE OF WELD COUNTY FOR THE USE OF CHERRY CREEK MORTGAGE CO., INC. TO SECURE THE SUM OF$249,000.00 RECORDED MARCH 06, 2003, UNDER RECEPTION NO. 3045081. 2. WARRANTY DEED FROM BYRON M. FORD AND SHIRLEY A. FORD TO CARMA COLORADO, INC., A NEVEDA CORPORATION CONVEYING SUBJECT PROPERTY. .a'. (ITEM INTENTIONALLY DELETED) NOTE:ITEMS 1-3 OF THE STANDARD EXCEPTIONS WILL BE DELETED. MATTERS DISCLOSED IN SURVEY HAVE BEEN ADDED TO SCHEDULE B-2 HEREOF. - -- UPON THE APPROVAL OF THE COMPANY AND THE RECEIPT OF A NOTARIZED FINAL LIEN AFFIDAVIT, ITEM NO. 4 OF THE STANDARD EXCEPTIONS WILL BE AMENDED AS FOLLOWS: ITEM NO. 4 OF THE STANDARD EXCEPTIONS IS DELETED AS TO ANY LIENS OR FUTURE LIENS RESULTING FROM WORK OR MATERIAL FURNISHED AT THE REQUEST OF BYRON M. FORD AND SHIRLEY A. FORD. OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY SHALL HAVE NO LIABILITY FOR ANY LIENS ARISING FROM WORK OR MATERIAL FURNISHED AT THE REQUEST OF CARMA COLORADO, INC., A NEVEDA CORPORATION. NOTE: ITEM 5 OF THE STANDARD EXCEPTIONS WILL BE DELETED IF LAND TITLE GUARANTEE COMPANY CONDUCTS THE CLOSING OF THE CONTEMPLATED TRANSACTION(S) AND RECORDS THE DOCUMENTS IN CONNECTION THEREWITH. NOTE: UPON PROOF OF PAYMENT OF 2003 TAXES, ITEM 7 UNDER SCHEDULE B-2 WILL BE DELETED AND ITEM 6 WILL BE AMENDED TO READ: TAXES AND ASSESSMENTS FOR THE YEAR 2004 AND SUBSEQUENT YEARS. ITEM 8 UNDER SCHEDULE B-2 WILL BE DELETED UPON PROOF THAT THE WATER AND SEWER CHARGES ARE PAID UP TO DATE. ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042997-3 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements, not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, and any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 5. 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 of record for value the estate or interest or mortgage thereon covered by this Commitment. 6. Taxes and assessments not yet due or payable and special assessments not yet certified to the Treasurer's office. Any unpaid taxes or assessments against said land. 8. Liens for unpaid water and sewer charges, if any. 9. RIGHT OF WAY FOR COUNTY ROADS 30 FEET ON EITHER SIDE OF SECTION AND TOWNSHIP LINES, AS ESTABLISHED BY THE BOARD OF COUNTY COMMISSIONERS FOR WELD COUNTY, RECORDED OCTOBER 14, 1889 IN BOOK 86 AT PAGE 273. NOTE: ALTA SURVEY PREPARED BY CARROLL&LANGE SHOWS WELD COUNTY ROAD 13 ON THE EASTERLY PROPERTY LINE. 10. (ITEM INTENTIONALLY DELETED) 11. RIGHT OF WAY FOR RAILWAY AS RESERVED BY DENVER PACIFIC RAILWAY AND TELEGRAPH COMPANY IN DEED RECORDED JUNE 17, 1878 IN BOOK 22 AT PAGE 274. 12. RIGHT OF WAY EASEMENT AS GRANTED TO LITTLE THOMPSON VALLEY WATER DISTRICT IN INSTRUMENT RECORDED JULY 07, 1966, UNDER RECEPTION NO. 1492552. 13. OIL AND GAS LEASE, RECORDED JULY 17, 1970 UNDER RECEPTION NO. 1549372 AND ANY AND ALL ASSIGNMENTS THEREOF, OR INTEREST THEREIN. ^- ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042997-3 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 14. RIGHT OF WAY EASEMENT AS GRANTED TO TM-STATE GERNERAION AND TRANSMISSION ASSOCIATION INC. IN INSTRUMENT RECORDED OCTOBER 04, 1974, UNDER RECEPTION NO. 1646163. 15. (ITEM INTENTIONALLY DELETED) 16. EASEMENTS, CONDITIONS, COVENANTS, RESTRICTIONS, RESERVATIONS AND NOTES ON THE RECORDED EXEMPTION PLAT. 17. EXISTING LEASES AND TENANCIES, IF ANY. NOTE: UPON RECEIPT OF A FINAL AFFIDAVIT OF SELLER LISTING LEASES OR TENANCIES AT THE TIME OF CLOSING ABOVE EXCEPTION 17 WILL BE REVISED. 18. FENCE NOT FOLLOWING NORTHERLY AND SOUTHERLY PROPERTY LINES, 2 DITCHED ON SOUTHERLY PROPERTY LINE, AND 2 TELEPHONE PEDESTALS LOCATED OUTSIDE OF EASEMENT ON EASTERLY PROPERTY LINE AS SHOWN ON ALTA SURVEY DATED MAY 24, 2004 PREPARED BY CARROLL & LANGE THEIR JOB NO. 3075. NOTE:THE FOLLOWING NOTICES PURSUANT TO CRS 9-1.5-103 CONCERNING UNDERGROUND FACILITIES HAVE BEEN FILED WITH THE CLERK AND RECORDER. THESE STATEMENTS ARE GENERAL AND DO NOT NECESSARILY GIVE NOTICE OF UNDERGROUND FACILITIES WITHIN THE SUBJECT PROPERTY: (A) MOUNTAIN BELL TELEPHONE COMPANY, RECORDED OCTOBER 1, 1981 IN BOOK 949 AT RECEPTION NO. 1870705. (B) ASSOCIATED NATURAL GAS, INC., RECORDED JULY 20, 1984 IN BOOK 1037 AT RECEPTION NO. 1974810 AND RECORDED OCTOBER 1, 1984 IN BOOK 1045 AT RECEPTION NO. 1983584 AND RECORDED MARCH 3, 1988 IN BOOK 1187 AT RECEPTION NO. 2132709 AND RECORDED APRIL 10, 1989 IN BOOK 1229 AT RECEPTION NO. 2175917. (C) PANHANDLE EASTERN PIPE LINE COMPANY, RECORDED OCTOBER 1, 1981 IN BOOK 949 AT RECEPTION NO. 1870756 AND RECORDED JUNE 26, 1986 IN BOOK 1117 AT RECEPTION NO. 2058722. (D) COLORADO INTERSTATE GAS COMPANY, RECORDED AUGUST 31, 1984 IN BOOK 1041 AT RECEPTION NO. 1979784. (E) WESTERN GAS SUPPLY COMPANY, RECORDED APRIL 2, 1985 IN BOOK 1063 AT RECEPTION NO. 2004300. (F) ST. VRAIN SANITATION DISTRICT, RECORDED DECEMBER 14, 1988 AT RECEPTION NO. 2164975. ALTA COMMITMENT Schedule B-2 (Exceptions) Our Order No. FC25042997-3 The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: (G) UNITED POWER, INC., RECORDEDJANUARY 24, 1991 AT RECEPTION NO. 2239296. LAND TITLE GUARANTEE COMPANY DISCLOSURE STATEMENTS Note: Pursuant to CRS 10-11-122, notice is hereby given that: A) The subject real property may be located in a special taxing district. B) A Certificate of Taxes Due listing each taxing jurisdiction may be obtained from the County Treasurer's authorized agent. C) The information regarding special districts and the boundaries of such districts may be obtained from the Board of County Commissioners, the County Clerk and Recorder, or the County Assessor. Note: Effective September 1, 1997, CRS 30-10-406 requires that all documents received for recording or filing in the clerk and recorder's office shall contain a top margin of at least one inch and a left, right and bottom margin of at least one half of an inch. The clerk and recorder may refuse to record or file any document that does not conform, except that, the requirement for the top margin shall not apply to documents using forms on which space is provided for recording or filing information at the top margin of the document. Note: Colorado Division of Insurance Regulations 3-5-1, Paragraph C of Article VII requires that "Every title entity shall be responsible for all matters which appear of record prior to the time of recording whenever the title entity conducts the closing and is responsible for recording or filing of legal documents resulting from the transaction which was closed". Provided that Land Title Guarantee Company conducts the closing of the insured transaction and is responsible for recording the legal documents from the transaction, exception number 5 will not appear on the Owner's Title Policy and the Lenders Policy when issued. Note:Affirmative mechanic's lien protection for the Owner may be available (typically by deletion of Exception no. 4 of Schedule B, Section 2 of the Commitment from the Owner's Policy to be issued) upon compliance with the following conditions: A) The land described in Schedule A of this commitment must be a single family residence which includes a condominium or townhouse unit. B) No labor or materials have been furnished by mechanics or material-men for purposes of construction on the land described in Schedule A of this Commitment within the past 6 months. C) The Company must receive an appropriate affidavit indemnifying the Company against un-filed mechanic's and material-men's liens. D) The Company must receive payment of the appropriate premium. E) If there has been construction, improvements or major repairs undertaken on the property to be purchased within six months prior to the Date of the Commitment, the requirements to obtain coverage for unrecorded liens will include: disclosure of certain construction information; financial information as to the seller, the builder and or the contractor; payment of the appropriate premium fully executed Indemnity Agreements satisfactory to the company, and, any additional requirements as may be necessary after an examination of the aforesaid information by the Company. No coverage will be given under any circumstances for labor or material for which the insured has contracted for or agreed to pay. Note: Pursuant to CRS 10-11-123, notice is hereby given: This notice applies to owner's policy commitments containing a mineral severance instrument exception, or exceptions, in Schedule B, Section 2. A) That there is recorded evidence that a mineral estate has been severed, leased, or otherwise conveyed from the surface estate and that there is a substantial likelihood that a third party holds some or all interest in oil, gas, other minerals, or geothermal energy in the property; and B) That such mineral estate may include the right to enter and use the property without the surface owner's permission. Nothing herein contained will be deemed to obligate the company to provide any of the coverages referred to herein unless the above conditions are fully satisfied. berm DISCLOSURE 09/01/02 Comiitr►el it to Insure ALTA Commitment-1970 Rev. OUT REPUBLIC NATIONAL TRtE INSURANCE COMPANY,a Mimesota corporation,herein called the Company,for a * * valuable consideration,hereby commits to issue Its poky or policies of title insurance,as identified in Schedule A,in favor • ,k of the proposed Insured named in Schedule A,as owner or mortgagee of the estate or interest covered hereby in the land y * desmbed or refined to in Schedule A,upon payment of the premiums and charges therefor,at subject to the provisions of 7c Scheele A and B and to the Cmdtions and Stipulations hereof. This Cammitmnd shall be effective only when the bden0ty of the proposed Insured and the amount of the policy or policies committed for have been inserted in Schedule A hereof by the Company,either at the time of the issuance of this * * Co.dbment or by sbsu ent endorsement. This Commitment is pre6Snary to the issuance of such poky or policies of title msirance and at iabilily and obligations hereunder steal cease and tenmleate six months after the effective date hereof or when the poky or poises committed for that issue,whichever first occurs,provided that the faire to issue such poky or policies is not the faun of the Company. CONDITIONS AND STIPULATIONS 1.The term'nmrtgagn',when used herein,shall include deed of trust that deed,or other security instrument 2.U the proposed Insured has or acquires actual knowledge of any defect inn,encumbrance,adverse claim or other matter affecting the estate or interest or mortgage thereon covers by this Commitment other than those shown in Scheele B hereof,and shall fall to disclose such knowledge to the Company in wetting,the Company shat be reformed from reeky for any loss or damage resitting from any act of Mace hereon to the extent the Company is prejudiced by fain of the proposed rand to so dsdose such knowledge.If the proposed Insured steal dsdose such knowledge to the Company,or if the Company otherwise amines actual knowledge of any such defect len,emurtrence,adverse claim or other matter,the Company at its option may amend Schedule B of this Caardbne nt accordsgly,but such amendnmd shat not relieve the Company from liability previa*incurred persuaia to paragraph 3 of these Conditions and Stimulations. 3.Libby of the company wider this Commitment shut be only to the named proposed burred and such parks beaded order the definite.of Insured in the fee of policy or parities committed for a i only for actualises scarred in refute hereon ii undertaking in good faith(a)to comply with the requirements hereof or(b)to dominate exception shown in Schedule B,or(c)to empire or create the estate or interest or mortgage thereon covered by dis Commitment In no event that such treaty emceed the amount stated in Schedule A for the policy or policies committed for and such fuhiity is subject to the boring provisionsall the Conditions and StitipWtions and the Extlusices from Coverage of the farm of poky or policies=vetted,for in favor of the proposed burred which are hereby incorporated by reference and made a part of this Commitment except as expressly minified herein. 4.My action or actors or rights of action that the proposed nosed may have or may bring against the Company arising out of the status of the title to the estate or test or the status of the mortgage thereon covered by this Commitment must be based on and are subject to the provisions of gas Commitment. STANDARD EXCEPTIONS In addition to the matters contained in the Coalitions and Stipulations all Exclusions from Coverage above referred to,this Commitment is also subject to the following 1.Rights or pans of parties is possession not shown by the public records. 2.Easements,or claims of easements,not shown by the pubic records. 3.Discrepancies,conflicts in boundary Imes,shortage in no.a croacMums,and any facts which a correct survey and inspection of the presses would disclose and which are not shown by the puble records. 4.My ten,or right M a ten,for services,labor or material theretofore or hereafter furnished,imposed by law and not slaws by the pubic records. 5.Defects,Hens,ginner races,adverse claims or other matters,if any,created,first appearing in the pubic records or attaching subsequent to the effective date hereof but prior co the date the proposed insured acquires of record for value the estate or interest or mortgage thereon covered by this Comutrnent IN WITNESS WHEREOF,Ole Repubic Nations Titre Insurance Company has cased its corporate name and seal to be teretnm 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 ,naps.Ttrv.E��•, * * 400 Second Avon South G• A * Mwreapois,Minnesota 55401 :u* %ft * i= (612)371-1111 * * m o Mdhataed Signature • ,* * * * al" rte/ 070. 't e .�.LG CC.ORT n''" Treasurer's Tax Search Result T e Page 1 of 1 I .:-r, Ji C!'' I a rp;ntt,:.eaitt, J t.:.,rta Pits er?;r ra .a Home > Departments > Treasurer's Office > Tax Search > Tax Search Results Tax Search Details Information for tax year: 2004 payable in 2005 Property Information Owner Name: Ford Byron M & Shirley A Address: 13545 13 CR City: Longmont Account Number: R1192696 Parcel Number: 120725100001 Legal Address: pt ne4 25-3-68 lot a rec exempt re-1840 (.43r) situs: 13545 13 cr longmont 80504 Payment Information Total Tax Amount: $1,937.08 Actual Land Value $14,225.00 First Half Amount: $0.00 Actual Improved Value $276,325.00 Second Half Amount: $0.00 Actual Total Value $290,550.00 SR. Exemption: $0.00 Assessed Land Value $4,130.00 Full Amount Paid: $0.00 Assessed Improved Value $22,540.00 Current Balance: $1,937.08 Assessed Total Value $26,670.00 IF any of the following fields are "YES" please contact the Treasurer's Office for more information. Tax Status Tax Liens: No Tax Area 2309 Prior Taxes Due: No Senior Homestead Exemption: No Special Improvement Tax: No Mill Levy 72.632 Database Last Updated at: 02:29 AM on January 14, 2005 Identify Results Page 1 of 3 WELD COUNTY ASSESSOR PROPERTY PROFILE Accounts: R1192696 Parcel#: 120725100001 Tax Area: 2309 Bordering County: Acres: 32.55 Township Range Section Ouart.Sec.- Subdivison Name Block# Lot# 03 -68 -25 - 1 Owners Name&Address: Property Address: FORD BYRON M &SHIRLEY A Street: 13545 13 CR LONGMONT 13545 WCR 13 City: LONGMONT LONGMONT, CO 80504 Business/Complex: Sales Summary Sale Date Sale Price Deed Type Reception # 2/29/1996 $325,000 WD 2479653 Legal Description PT NE4 25-3-68 LOT A REC EXEMPT RE-1840 (.43R)SITUS: 13545 13 CR LONGMONT 80504 Land Valuation Summary Land Type Abst Code Unit of Number of Assessed Measure Units Actual Value Agricultural 4127 Acres 2.8 • Value Agricultural 4117 Acres 4.75 Agricultural 4117 Acres 25 Land Subtotal: 32.55 $14,225 $4,130 Buildings Valuation Summary Bldg# Property Type Actual Value Assessed 1 Residential Value 2 Out Building 3 Out Building 4 Out Building 5 Out Building Improvements Subtotal: $276,325 $22,540 Total Property Value $290,550 $26,670 Building Details Account#: R1192696 Parcel#: 120725100001 Owners Name&Address: Property Address: FORD BYRON M &SHIRLEY A Street: 13545 13 CR LONGMONT 13545 WCR 13 City: LONGMONT LONGMONT, CO 80504 Building# Property Type 1 Residential Identify Results Page 2 of 3 Individual Built As Detail Built As: Ranch 1 Story Year Built: 1976 Exterior: Frame Masonry Veneer HVAC: Hot Water Baseboard Interior Finish: Drywall Built As SQ Ft: 2354 # of Baths: 2 Roof Type: #of Bdrms: 0 Roof Cover: Wood Shingle # of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: 806 Basement: Total SQ Ft: 1216 Finished SQ Ft: 748 Account#: R1192696 Parcel*: 120725100001 Owners Name&Address: Property Address: FORD BYRON M&SHIRLEY A Street: 13545 13 CR LONGMONT 13545 WCR 13 City: LONGMONT LONGMONT, CO 80504 Building* Property Type 2 Out Building Individual Built As Detail Built As: Shed -Utility Year Built: 1948 Exterior: Wood Frame Siding HVAC: Interior Finish: None Built As SQ Ft: 320 #of Baths: 0 Roof Type: #of Bdrms: 0 Roof Cover: #of Stories: 0 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R1192696 Parcels: 120725100001 Owners Name&Address: Property Address: FORD BYRON M&SHIRLEY A Street: 13545 13 CR LONGMONT 13545 WCR 13 City: LONGMONT LONGMONT,CO 80504 Building* Property Type 3 Out Building Individual Built As Detail Built As: Shed - Utility Year Built: Exterior: Pole Frame Metal Siding HVAC: None None Interior Finish: Built As SQ Ft: 1280 * of Baths: 0 Roof Type: #of Bdrms: 0 Roof Cover: # of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: htt„•//.„.,«.. «,�.._:a. ,,,,„.nv..t..:._nn_i,,__.0_1 ___.,_._. , nv _ ___ Identify Results Page 3 of 3 Basement: Total SQ Ft: Finished SQ Ft: Account#: R1192696 Parcel#: 120725100001 Owners Name&Address: Property Address: FORD BYRON M &SHIRLEY A Street: 13545 13 CR LONGMONT .13545 WCR 13 - City: LONGMONT LONGMONT, CO 80504 Building* Property Type 4 Out Building Individual Built As Detail Built As: Shed -Utility Year Built: 1925 Exterior: Pole Frame Metal Siding HVAC: None Interior Finish: Built As SQ Ft: 320 #of Baths: 0 Roof Type: # of Bdrms: 0 Roof Cover: #of Stories: 1 Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: Account#: R1192696 Parcel*: 120725100001 Owners Name&Address: Property Address: FORD BYRON M &SHIRLEY A Street: 13545 13 CR LONGMONT 13545 WCR 13 City: LONGMONT LONGMONT, CO 80504 Buildings Property Type 5 Out Building Individual Built As Detail Built As: Grain Bin Year Built: 1970 Exterior: Metal HVAC: None Interior Finish: Built As SQ Ft: 1 # of Baths: 0 Roof Type: # of Bdrms: 0 Roof Cover: #of Stories: Rooms: 0 Units: 0 Garage: Attached SQ Ft: Detached SQ Ft: Basement: Total SQ Ft: Finished SQ Ft: 10-04-2004 12:15pm From-LTG-FT COLL 9702040652 T-762 P.002/004 F-551 5P9q � Parcel Valuation Account*: R1192696 Parcel#: 120725100001 - owners Name_&.A,dd.rePP: Property Address: FORD BYRON M &SHIRLEY A Street 13545 13 CR LONGMONT 13545 WCR 13 - City: LONGMONT LONGM0NT, CO 80504 - - Business/Complex: Legal Description PT NE4 25-3-68 LOT A REC EXEMPT RE-1840 (.43R) SITUS: 13545 13 CR LONGMONT 80504 Land Value $14,225 Land Assessed Value - $4,130 !mot-. Value $27-6.32$ lmor Assessed Value - 122,54Q Total Value $290,550 Total Assessed Value $26,670 Total Taxes:$1,985.76 Amount Due:$0.00 Tax Area: - Bordering County: Township Range Section Quart.5.e_c. S:Lbdivison Name Block*_Lpt 03 -68-25- 1 - Land Subtotal: - Acres:32.55 Sale PrIce - Sale Date Deed Type Reception Lit $325,000 ...2/29/1996 WD 2479653 SDI/Mang In errir C.rnm/Weheitp/WmIrlieraKni nen9rmA=(1T TRDVA.7lRT—D.......10...:.._tnn .n,,,lnnn. Report Date: 04/14/2004 04:37PM WELD COUNTY TREASURER Page: 1 CERTIFICATE OF TAXES DUE CERT#: 10606 .JCHEDULE NO: R1192696 ORDER NO: 25042997 ASSESSED TO: VENDOR NO: 14 FORD BYRON M & SHIRLEY A LAND TITLE OF FT COLLINS 13545 WCR 13 772 WHALERS WAY STE 100 LONGMONT, CO 80504 FT COLLINS CO 80525 - LEGAL DESCRIPTION: . PT NE4 25-3-68 LOT A REC EXEMPT RE-1840 (.43R) SITUS: 13545 13 CR LONGMONT 80504 PARCEL: 120725100001 SITUS ADD: 13545 13 CR LONGMONT TAX YEAR CHARGE TAX AMOUNT INTEREST FEES PAID TOTAL DUE 2003 TAX 1,985.76 0.00 0.00 992.88 992.88 TOTAL TAXES 992.88 GRAND TOTAL DUE GOOD THROUGH 04/15/2004 992.88 ORIGINAL TAX BILLING FOR 2003 TAX DISTRICT 2309 - Authority Mill Levy Amount Values Actual Assessed WELD COUNTY 21.474 572.72 AGRICULTUR 14,225 4,130 SCHOOL DIST RE1J 40.374 1,076.76 AGRICULTUR 2,587 750 NCW WATER 1.000 26.67 AGRICULTUR 273,738 21,790 SVW WATER 0.243 6.48 LTW WATER 0.000 0.00 TOTAL 290,550 26,670 MTN VIEW FIRE(BOND 2008) 0.300 8.00 WELD LIBRARY 3.249 86.65 LONGMONT CONSERVATION 0.000 0.00 MOUNTAIN VIEW FIRE 7.817 208.48 TAXES FOR 2003 74.457 1,985.76 HE FOR THIS CERTIFICATE 10.00 ALL TAX LIEN SALE AMOUNTS ARE SUBJECT TO CHANGE DUE TO ENDORSEMENT OF CURRENT TAXES BY THE LIENHOLDER _ OR TO ADVERTISING AND DISTRAINT WARRANT FEES. CHANGES MAY OCCUR AND THE TREASURER'S OFFICE WILL NEED TO BE CONTACTED PRIOR TO REMITTANCE AFTER THE FOLLOWING DATES: PERSONAL PROPERTY AND MOBILE HOMES-AUGUST 1, REAL PROPERTY-AUGUST 1. TAX LIEN SALE REDEMPTION AMOUNTS MUST BE PAID BY CASH OR CASHIERS CHECK. SPECIAL TAXING DISTRICTS AND THE BOUNDARIES OF SUCH DISTRICTS MAY BE ON FILE WITH THE BOARD OF COUNTY COMMISSIONERS,THE COUNTY CLERK,OR THE COUNTY ASSESSOR. This certificate does not include land or improvements assessed under a separate account number,personal property taxes, transfer tax or misc.tax collected on behalf of other entities,special or local improvement district assessments or mobile homes,unless specifically mentioned. I,the undersigned,do hereby certify that the entire amount of taxes due upon the above described parcels of real property and all outstanding sales for unpaid taxes as shown by the records in my office from which the same may still be redeemed with the amount required for redemption are as noted herein.In witness whereof,I have hereunto set my hand and seal this 14th day of April.2004. TREASURER,WELD COUNTY,CLAUD W. HANES, BY: g/ p a Greeley, CO 80632 (970)353-3845 ext.3290 • TRANSNATION TITLE INSURANCE COMPANY Commitment No. : 8072685 C-3 SCHEDULE A - Continued REQUIREMENTS The following are the requirements to be complied with prior to the issuance of said policy or policies. Any other instrument recorded subsequent to the date hereof may appear as an exception under Schedule B of the policy to be issued. Unless otherwise noted, all documents must be recorded in the office of the clerk and recorder of the county in which said property is located. • NOTE: PURSUANT TO SENATE BILL 91-14 (CRS 10-11-122) THE COMPANY WILL NOT ISSUE ITS POLICY OR POLICIES OF TITLE INSURANCE CONTEMPLATED BY THIS COMMITMENT UNTIL IT HAS BEEN PROVIDED A CERTIFICATE OF TAXES DUE OR OTHER EQUIVALENT DOCUMENTATION FROM THE COUNTY TREASURER OR THE COUNTY TREASURER'S AUTHORIZED AGENT; OR UNTIL THE PROPOSED INSURED HAS NOTIFIED OR INSTRUCTED THE COMPANY IN WRITING TO THE CONTRARY. NOTE: IF THIS TRANSACTION INCLUDES A SALE OF THE PROPERTY AND THE SALES PRICE EXCEEDS $100, 000 . 00, THE SELLER MUST COMPLY WITH THE DISCLOSURE/WITHHOLDING PROVISIONS OF C.R.S . 39-22-604 . 5 (NONRESIDENT WITHHOLDING) . NOTE: EFFECTIVE SEPTEMBER 1, 1997, CRS 30-10-406 REQUIRES THAT ALL DOCUMENTS RECEIVED FOR RECORDING OR FILING IN THE CLERK AND RECORDER' S OFFICE SHALL CONTAIN A TOP MARGIN OF AT LEAST ONE INCH AND A LEFT, RIGHT AND BOTTOM MARGIN OF AT LEAST ONE-HALF INCH. THE CLERK AND RECORDER MAY REFUSE TO RECORD OR FILE ANY DOCUMENT THAT DOES NOT CONFORM. A. Release by the Public Trustee of : Deed of Trust from Robert L. Siefrist and Winifred J. Siegrist to the Public Trustee of the County of Weld for the use of Conrad Dale Hopp and Martha Ann Hopp to secure $47 , 523 . 27 dated December 20 , 2002 recorded January 8 , 2004 as Reception No . 3142766 . B. Colorado Endorsement Form 110 . 1 will be included with the Owner' s Policy to be issued for the purpose of deleting Printed Exceptions Numbered 1, 2, 3 and 4 under Schedule B, subject to the following: 1 . Receipt by Transnation Title Insurance Company of the enclosed Indemnity Agreement for the deletion of Exception No. 4 , for Vacant Land with no recent construction thereon or contemplated by the present owners . If the foregoing is incorrect, this Commitment will be subject to any additional Requirements and/or Page 4 Hello