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HomeMy WebLinkAboutWarrenty Deed - 255 Locus Grove V1CUEIDR IAy APPROVED DATE: 04/12/22 FILE NUMBER: ^-20210M ty National TRW Benjamin & Bradford Banks The Banks Group, L.C. PO Box 65970 Salt Lake City, UT 84165 Dear Benjamin & Bradford Banks: 3715 East Overland Rd., Suite 100 Meridian, ID 83642 Phone: (208)377-3190 / Fax: Date: January 31, 2020 Escrow No.: 34602015563-AS Buyer(s): The Banks Group, L.C. Seller(s): Laura Holly Alexander Property: 255 S Locust Grove Road Meridian, ID 83642 Congratulations! This transaction has been closed and you are now the owner of a new property. Enclosed is your final Settlement Statement, together with any funds that may be due you as shown. Please KEEP THE FINAL SETTLEMENT STATEMENT in a safe place. It contains important information that may be needed for income tax preparation. If your recorded documents are not enclosed, they will be forwarded at a later date either by this office or the County Recorder's Office. You will be receiving your title policy within a few weeks. We will be happy to provide a discount on another title insurance policy insuring this property for a refinance or sale within the next two (2) years. Please request Fidelity National Title Company for your next transaction. We appreciate this opportunity to be of service. Please feel free to contact us if we can be of any assistance for this or any future transaction. Sincerely, 4-- Annie Shockley Annie.Shockley@fnf.com Letter (Closing) Printed: 01.31.20 @ 10:48 AM by CB IDD1027.doc / Updated: 01.29.16 Page 1 ID-FT-FXEA-03460.211389-34602015563 delity National Title Compa Tonal Title 3715 East Overland Rd., Suite 100, Meridian, ID 83642 Phone: (208)377-3190 APPROVED FINAL BUYER'S STATEMENT )AT 04/12/22 Date: January 31, 2020 Escrow Number: 34602015563 �E%UtIB; e; A-2G22 "'° Date: January 31, 2020 Escrow Officer: Annie Shockley Email: Annie.Shockley@fnf.com Buyer: The Banks Group, L.C. PO Box 65970 Salt Lake City, UT 84165 Seller: Laura Holly Alexander 255 S Locust Grove Rd Meridian, ID 83642 Property: 255 S Locust Grove Road Meridian, ID 83642 $ DEBITS $ CREDITS FINANCIAL CONSIDERATION Sale Price of Property 399,900.00 funds to close 402,330.25 PRORATIONS/ADJUSTMENTS County Taxes S1118110105, 01/01/20 to 01/31/20 168.75 S1118110090 at $2,058.78 TITLE & ESCROW CHARGES Title - Escrow Fee Fidelity National Title Company 1,000.00 Title - Recording Service Fee to Fidelity National Title Company 10.00 Simplifile Title - Owner's Title Insurance Fidelity National Title Company 1,574.00 Policies to be issued: Owners Policy Coverage: $399,900.00 Premium: $1,574.00 Version: ALTA Owner's Policy 2006 Standard GOVERNMENT CHARGES Recording Fees ($30.00) Fidelity National Title Company 15.00 Subtotals 402,499.00 402,499.00 TOTALS 402,499.00 402,499.00 ......................................................................................................................................................: THIS IS A CERTIFIED COPY OF THE ORIGINAL DOCUMENT(S) BY FIDELITY NATIONAL TITLE COMPANY Fidelity National Title Company, Settlement Agent ......................................................................................................................................................: SAVE THIS STATEMENT FOR INCOME TAX PURPOSES DocuSign Envelope ID: D2CB3933-2F02-4D2E-B, )D1073136449B L i > IDi.�� Fidelity National Title Company - adonal Title 3715 East Overland Rd., Suite 100, Meridian, ID 83642 Phone: (208)377-3190 APPROVED ESTIMATED BUYER'S STATEMENT 04/12/22 )A P ;u,a:e:A m t Date: January 31, 2020 Escrow Number: 34602015563 t Date: January 31, 2020 Escrow Officer: Annie Shockley Email: Annie.Shockley@fnf.com Buyer: The Banks Group, L.C. PO Box 65970 Salt Lake City, UT 84165 Seller: Laura Holly Alexander 255 S Locust Grove Rd Meridian, ID 83642 Property: 255 S Locust Grove Road Meridian, ID 83642 $ DEBITS $ CREDITS FINANCIAL CONSIDERATION Sale Price of Property 399,900.00 PRORATIONS/ADJUSTMENTS County Taxes S1118110105, 01/01/20 to 01/31/20 168.75 S1118110090 at $2,058.78 TITLE & ESCROW CHARGES Title - Escrow Fee Fidelity National Title Company 1,000.00 Title - Recording Service Fee to Fidelity National Title Company 10.00 Simplifile Title - Owner's Title Insurance Fidelity National Title Company 1,574.00 Policies to be issued: Owners Policy Coverage: $399,900.00 Premium: $1,574.00 Version: ALTA Owner's Policy 2006 Standard GOVERNMENT CHARGES Recording Fees ($30.00) Fidelity National Title Company 15.00 Subtotals 402,499.00 168.75 Balance Due FROM Buyer 402,330.25 TOTALS 402,499.00 402,499.00 I have carefully reviewed the Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements to be made on my account or by me in this transaction. I further certify that I have received a copy of the Settlement Statement. BUYER: The Banks Group, L.0 BY: Fo sa any: Amii,, f. 15WAS Benjamin E. Banks Manager BY: l ;111, b.r� . 13au> s BY: F Bradford B. Banks Manager E IDIAN - National Title Company485 East Riverside Dr., Suite 200 Eagle, ID 83616 APPROVED Phone: (208)377-3190 / Fax: 866-671-3899 )A:E 04/12/22 j %UtJ B;R: A 2G22 - The Banks Group, L.C. PO Box 65970 Salt Lake City, LIT 84165 Dear Banks Group, L.C.: Enclosed please find a recorded document. Sincerely, Dawn Masters Title Assistant Dawn. Masters@fnf.com Blank Letter - Title SSCORPD0295.doc / Updated: 06,03.13 Date: February 27, 2020 Order No.: 34602015563-DM Buyer(s): The Banks Group, L.C. Seller(s): Laura Holy Alexander Property: 255 S Locust Grove Road Meridian, ID 83642 Printed: 02.27.20 @ 11:07 AM by KC Page ID-FT-FXEA-03460.211389-34602015563 ADA COUNTY RECORDER Pntl McGrane 2020-012834 (E IDI� LA\ — BOISE IDAHO Pgs=2 BONNIE OBERBILLIG 01/31/2020 12:21 PM ai-oval Tide FIDELITY NATIONAL TITLE - BOISE $15.00 APPROVED DAT 04"2/22 _E•:602015563-AS ��u��a_e�A-zozz-0�o WARRANTY DEED FOR VALUE RECEIVED Parcel t: Laura Holly Alexander, a married woman Parcel 11: Laura Holly Alexander, a married woman, who aquired title as Laura H Anderson, an unmarried woman as to an undivided one-half interest GRANTOR(S), does(do) hereby GRANT, BARGAIN, SELL AND CONVEY unto: The Banks Group, LC. GRANTEE(S), whose current address is: PO Box 65970, Sai± Lake City, UT 84165 the following described real property in Ada County, Idaho, i i,)re particularly described as follows, to wit: For APN/Parcel ID(s): 51118110105 and S111811009C Parcel I: A part of the Northeast quarter of the Northeast quarter :f Section 18, Township 3 North, Range 1 East, Boise Meridian, Ada County, Idaho, more particularly described as follows: Beginning at a point on the centerline of Locust Grove Road and on the East side of said Section 18, which point is SOuth 929.45 feet along section line from the Northeast comer of said Section 18, and North 399.75 feet from the Southeast comer of the Northeast quarter of the Northeast quarter o fsaid Section 18; thence South 89*11 1/2' West, 432.3 feet to a steel pin; thence North 0055' East, 101.0 feet to a steel pin; thence North 89°11 1/2' East, 430.7 feet to a steel pin; thence South 101.0 feet to the REAL POINT OF BEGINNING. Excepting therefrom that portion deeded to Ada County Highway District by Warranty Deed recorded May 15, 2003 as Instrument No. 103080931, of Official Records. Parcel II: An undivided one-half interest in the following described property: Beginning at a point on the centerline of Locust Grove Road and on the East side of Section 18, Township 3 North, Range 1 East, which point is South 828.45 feet along the section line from the Northeast comer of said Section 18 and North 500.75 feet from the Southeast comer of the Northeast Quarter of the Northeast Quarter of said Section 18; thence South 89011 1/2' West 430.7 feet to a steel pin; thence North 0055' East 20.0 feet to a steel pin; thence Deed (Warranty) Printed: 01.30.20 @ 04:55 PM by AS IDD1052.doe t Updated: 05.20.19 Page 1 ID-Fr-FXEA-0346021138934602015563 APPROVED )A:E 04/12/22 j %Uid B;R' A 2G22 - National Title 5563-AS WARRANTY DEED FOR VALUE RECEIVED Parcel I: Laura Holly Alexander, a married woman Parcel II: Laura Holly Alexander, a married woman, who aquired title as Laura H Anderson, an unmarried woman as to an undivided one-half interest GRANTOR(S), does(do) hereby GRANT, BARGAIN, SELL AND CONVEY unto: The Banks Group, L.C. GRANTEE(S), whose current address is: PO Box 65970, Salt Lake City, UT 84165 the following described real property in Ada County, Idaho, more particularly described as follows, to wit: For APN/Parcel ID(s): S1118110105 and S1118110090 Parcel I: A part of the Northeast quarter of the Northeast quarter of Section 18, Township 3 North, Range 1 East, Boise Meridian, Ada County, Idaho, more particularly described as follows: Beginning at a point on the centerline of Locust Grove Road and on the East side of said Section 18, which point is SOuth 929.45 feet along section line from the Northeast corner of said Section 18, and North 399.75 feet from the Southeast corner of the Northeast quarter of the Northeast quarter o fsaid Section 18; thence South 89011 1/2' West, 432.3 feet to a steel pin; thence North 0°55' East, 101.0 feet to a steel pin; thence North 89*11 1/2' East, 430.7 feet to a steel pin; thence South 101.0 feet to the REAL POINT OF BEGINNING. Excepting therefrom that portion deeded to Ada County Highway District by Warranty Deed recorded May 15, 2003 as Instrument No. 103080931, of Official Records. Parcel Il: An undivided one-half interest in the following described property: Beginning at a point on the centerline of Locust Grove Road and on the East side of Section 18, Township 3 North, Range 1 East, which point is South 828.45 feet along the section line from the Northeast corner of said Section 18 and North 500.75 feet from the Southeast corner of the Northeast Quarter of the Northeast Quarter of said Section 18; thence South 89'11 1/2' West 430.7 feet to a steel pin; thence North 0°55' East 20.0 feet to a steel pin; thence Deed (Warranty) Printed: 01.30.20 @ 04:55 PM by AS I D D 1052.doc / Updated: 05.20.19 Page 1 I D-FT-FXEA-03460.211389-34602015563 CUEIDR IAy APPROVED EIIE NUMBER:-0210W WARRANTY DEED (continued) 1 1/2' East 430.4 feet to a steel pin; thence feet to the REAL POINT OF BEGINNING. Excepting therefrom that portion deeded to Ada County Highway District by Warranty Deed recorded April 10, 2003 as Instrument No. 103059614, of Official Records. TO HAVE AND TO HOLD the said premises, with their appurtenances unto the said heirs and assigns forever. And the said Grantor(s) does(do) hereby covenant to and with the said Grantee(s), that Grantor(s) is/are the owner(s) in fee simple of said premises; that said premises are free from all encumbrances EXCEPT those to which this conveyance is expressly made subject and those made, suffered or done by the Grantee(s); and subject to reservations, restrictions, dedications, easements, rights of way and agreements, (if any) of record, and general taxes and assessments, (including irrigation and utility assessments, if any) for the current year, which are not yet due and payable, and that Grantor(s) will warrant and defend the same from all lawful claims whatsoever. IN WITNESS WHEREOF, the undersigned have executed this document on the date(s) set forth below. Effective this 31st day of January, 2020. Laura Holly Alexander STATE OF Idaho, COUNTY OF Ada, -ss. On this day of 2020, before me, the undersigned, a Notary Public in and for said State, personally appeared Laura Holl Al nder and Bryce Duane Alexander known or identified to me to be the person whose name is subscr' ed to the within instrument and acknowledged to me that he/she/they executed the same. Signature: Name: Residing at: My Commission Expires: (SEAL) Deed (Warranty) IDD1052.doc / Updated: 05.20.19 A N N I E 1HOCKLEY COMMISSION #20181752 NOTARY PUELIC STATE OF IDAHO MY COMMISSION EXPIRES 09/12/2024 Printed: 01.30.20 @ 04:55 PM by AS Page 2 ID-FT-FXEA-03460.211389-34602015563 APPROVED Ility National Title Company )A: E: 04/12/22 ,E %UtJ B; R: A-2G22 - The Banks Group Lc 485 East Riverside Dr., Suite 200 Eagle, ID 83616 Phone: (208)377-3190 / Fax: 866-671-3899 PO Box 65970 Date: February 1, 2020 Salt Lake City UT 84165-0970 Order No.: 34602015563-DM Buyer(s): The Banks Group, L.C. Property: 255 S Locust Grove Road Meridian, ID 83642 Enclosed is your Title Policy or Guarantee in connection with the above referenced transaction. Please call us immediately if you have any questions or concerns. Sincerely, Dawn Masters Title Assistant Dawn. Masters@fnf.com Policy -Guarantee Product Enclosure Letter (Title) Printed: 02.01.20 @ 09:32 AM by SSCORPD0272.doc/ Updated: 04.10A8 Page 1 ID-FT-FXEA-03460.211389-34602015563 NER'S POLICY OF TITLE INSURANCE APPROVED Policy Number: )A.E 04/12/22 :'.E%UMBER; n-2022-OmD lefity National Title' 34602015563 Instrrastce Cnmf+atsy Any notice of claim and any other notice or statement in writing required to be given to the Company under this Policy must be given to the Company at the address shown in Section 18 of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B, AND THE CONDITIONS, FIDELITY NATIONAL TITLE INSURANCE COMPANY, a Florida corporation (the "Company") insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of: 1. Title being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from (a) A defect in the Title caused by (i) forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; (ii) failure of any person or Entity to have authorized a transfer or conveyance; (iii) a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered; (iv) failure to perform those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified, expired, or otherwise invalid power of attorney; (vi) a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or (vii) a defective judicial or administrative proceeding. (b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. (c) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment' includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land. 3. Unmarketable Title. 4. No right of access to and from the Land. 5. The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (a) the occupancy, use, or enjoyment of the Land; (b) the character, dimensions, or location of any improvement erected on the Land; (c) the subdivision of land; or (d) environmental protection if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but only to the extent of the violation or enforcement referred to in that notice. 6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. Copyright American Land Title Association. All rights reserved. AMER""" PY�9 9 I:a: Rs 1;T4 .......................... The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as lk of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Owner's Policy (06/17/2006) Printed: 02.01.20 @ 09:32 AM Page 1 ID—SPS-27306-1-20-34602015563 E IDI� 11 APPROVED ,TIONAL TITLE INSURANCE COMPANY OWNER'S POLICY NO. 34602015563 DAT 04/12/22 to of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in J %UtjB;R'A 2G22- by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 9. Title being vested other than as stated in Schedule A or being defective (a) as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws; or (b) because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws by reason of the failure of its recording in the Public Records (i) to be timely, or (ii) to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. The Company will also pay the costs, attorneys' fees, and expenses incurred in defense of any matter insured against by this Policy, but only to the extent provided in the Conditions. IN WITNESS WHEREOF, FIDELITY NATIONAL TITLE INSURANCE COMPANY has caused this policy to be signed and sealed by its duly authorized officers. Fidelity National Title Company 485 East Riverside Dr., Suite 200 Eagle, ID 83616 Countersigned By: Eiss L� < 1.k. Authorized Officer or Agent Fidelity National Title Insurance Company By: Attest: President Secretary Copyright American Land Title Association. All rights reserved. AMEk"A" 9 LAND TIT« ._.._._._.. .... The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA owner's Policy (06/17/2006) Printed: 02.01.20 @ 09:32 AM Page 2 ID—SPS-27306-1-20-34602015563 E IDI� 11 APPROVED )A:E 04/12/22 TIONAL TITLE INSURANCE COMPANY OWNER'S POLICY NO. 34602015563 EXCLUSIONS FROM COVERAGE :I,E %UMBERA 2G22 GW G _ matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions, or location of any improvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 9 and 10); or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction vesting the Title as shown in Schedule A, is (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. Copyright American Land Title Association. All rights reserved. AMERICA" .......... LAkil iiTI rlc .................... A\S lCl.� 1'I(Jn' The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Owner's Policy (06/17/2006) Printed: 02.01.20 @ 09:32 AM Page 3 ID---SPS-27306-1-20-34602015563 APPROVED ,TIONAL TITLE INSURANCE COMPANY )A:E 04/12/22 � j %Utj aL R: A-2G22 tress of Title Insurance Company: SCHEDULE A OWNER'S POLICY NO. 34602015563 Dawn Masters Fidelity National Title Company 485 East Riverside Dr., Suite 200 Eagle, ID 83616 Address Reference: 255 S Locust Grove Road, Meridian, ID 83642 Date of Policy Amount of Insurance Premium January 31, 2020 at 12:22 PM $399,900.00 $1,574.00 1. Name of Insured: The Banks Group, L.C. 2. The estate or interest in the Land that is insured by this policy is: Fee Simple 3. Title is vested in: The Banks Group, L.C. 4. The Land referred to in this policy is described as follows: For APN/Parcel ID(s): S1118110105 and S1118110090 Parcel I: A part of the Northeast quarter of the Northeast quarter of Section 18, Township 3 North, Range 1 East, Boise Meridian, Ada County, Idaho, more particularly described as follows: Beginning at a point on the centerline of Locust Grove Road and on the East side of said Section 18, which point is South 929.45 feet along section line from the Northeast corner of said Section 18, and North 399.75 feet from the Southeast corner of the Northeast quarter of the Northeast quarter o fsaid Section 18; thence South 89°11 1/2' West, 432.3 feet to a steel pin; thence North 0°55' East, 101.0 feet to a steel pin; thence North 89'11 1/2' East, 430.7 feet to a steel pin; thence South 101.0 feet to the REAL POINT OF BEGINNING. Excepting therefrom that portion deeded to Ada County Highway District by Warranty Deed recorded May 15, 2003 as Instrument No. 103080931, of Official Records. Parcel It: An undivided one-half interest in the following described property: Beginning at a point on the centerline of Locust Grove Road and on the East side of Section 18, Township 3 North, Range 1 East, which point is South 828.45 feet along the section line from the Northeast corner of said Section 18 and North 500.75 feet from the Southeast corner of the Northeast Quarter of the Copyright American Land Title Association. All rights reserved. AMERI`A" LAND TITLE The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Owner's Policy (06/17/2006) Printed: 02.01.20 @ 09:32 AM Page 4 ID—SPS-27306-1-20-34602015563 APPROVED DA EI 04/12/22 ►TIONAL TITLE INSURANCE COMPANY OWNER'S POLICY NO. 34602015563 SCHEDULE A (continued) j %UldB;R'A 2G22- last Quarter of said Section 18; thence South 89°11 1/2' West 430.7 feet to a steel pin; thence North 0°55' East 20.0 feet to a steel pin; thence North 89'11 1/2' East 430.4 feet to a steel pin; thence South 20.0 feet to the REAL POINT OF BEGINNING. Excepting therefrom that portion deeded to Ada County Highway District by Warranty Deed recorded April 10, 2003 as Instrument No. 103059614, of Official Records. THIS POLICY VALID ONLY IF SCHEDULE B IS ATTACHED END OF SCHEDULE A AM ICAN Copyright American Land Title Association. All rights reserved. ,.,;,D , TITLE The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Y ALTA Owners Policy (06/17/2006) Printed: 02.01.20 @ 09:32 AM Page 5 ID—SPS-27306-1-20-34602015563 E IDI� 11 APPROVED )A:E 04/12/22 j %UtJ B;R' Aza22 — ,TIONAL TITLE INSURANCE COMPANY OWNER'S POLICY NO. 34602015563 SCHEDULE B EXCEPTIONS FROM COVERAGE His policy does not insure against loss or damage, and the Company will not pay costs, attorneys' fees or expenses that arise by reason of: 1. Any facts, rights, interests, or claims that are not shown by the Public Records but that could be ascertained by an inspection of the Land or that may be asserted by persons in possession of the Land. 2. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records. 3. Any encroachment, encumbrance, violation, variation or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the land and not shown by the Public Records. 4. Any lien or right to a lien for services, labor or material not shown by the Public Records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) Indian treaty or aboriginal rights, including, but not limited to, easements or equitable servitudes; or, (d) water rights, claims or title to water, whether or not the matters excepted under (a), (b), (c) or (d) are shown by the public records. 6. (a)Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 7. Any service, installation, connection, maintenance or construction charges for sewer, water, electricity, or garbage collection or disposal or other utilities unless shown as an existing lien by the public records. 8. Water rights, claims or title to water, whether or not disclosed by the Public Records. 9. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance thereof. 10. Any off record facts, encumbrances, easements or possessory claims, a survey or inspection would disclose. 11. Property taxes, which are a lien not yet due and payable, including any assessments collected with taxes to be levied for the fiscal year 2020. Tax Identification No.: S1118110105, Parcel I and S1118110090, Parcel II 12. Liens, levies and assessments of the CITY OF MERIDIAN. 13. Liens and assessments of the NAMPA MERIDIAN IRRIGATION DISTRICT, and the rights, powers and easements of said district as by law provided. 14. Ditch, road and public utility easements as same may exist over said premises. 15. Rights of way for ditches, tunnels, telephone and transmission lines constructed by authority of the United States as granted to the United States under the provisions of Section 58-604 Idaho Code 1947. 16. Exceptions and reservations contained in Deed to the STATE OF IDAHO Recorded: February 1, 1955 Instrument No: 371724, of Official Records ht American Land Title Association. All rights reserved. "" ) IT" Copyright g i:n..'irri:e nsmcunon The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Printed: 02.01.20 @ 09:33 AM Page 6 ID—SPS-27306-1-20-34602015563 APPROVED )A:E 04/12/22 j %UtjB;R'A 2G22- TIONAL TITLE INSURANCE COMPANY OWNER'S POLICY NO. 34602015563 SCHEDULE B EXCEPTIONS FROM COVERAGE (continued) 17. Exceptions and reservations contained in Deed from the STATE OF IDAHO Recorded: April 30, 1964 Instrument No: 582478, of Official Records Whereby said Grantor excepts all mineral rights as defined by Section 47-701 of Idaho Code. 18. An Easement for public utilities and incidental purposes in favor of Idaho Power Company, a corporation Recorded: August 16, 1965 Instrument No. 618941, of Official Records. 19. Rights of the public to any portion of the Land lying within the area commonly known as South Locust Grove Road. 20. Terms, conditions, provisions, easements and obligations set forth in that certain Permanent Slope Easement Agreement Between: Laura H Anderson and James Norman Witherell and Ann Christine Witherell, husband and wife; each to an undivided one-half interest and Ada County Highway Recorded: April 10, 2003 Instrument No: 103059607, of Official Records. (Affects Parcel 11) 21. Terms, conditions, provisions, easements and obligations set forth in that certain Permanent Slope/Cut Easement Agreement Between: Laura H Anderson, an unmarried woman and Ada County Highway District Recorded: May 15, 2003 Instrument No: 103080932, of Official Records. (Affects Parcel 1) END OF SCHEDULE B AMFRICAh Copyright American Land Title Association. All rights reserved. ,;;, ,;_TITLE The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA owner's Policy (06/1712006) Printed: 02.01.20 @ 09:33 AM Page 7 ID—SPS-27306-1-20-34602015563 E IDI� MN— �J TIONAL TITLE INSURANCE COMPANY OWNER'S POLICY NO. 34602015563 APPROVED CONDITIONS DAT 04/12/22 OF TERMS %Utja_e:A2G22 o te _ rms when used in this policy mean: of Insurance": The amount stated in Schedule A, as may be increased or decreased by endorsement to this policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. (b) "Date of Policy": The date designated as "Date of Policy" in Schedule A. (c) "Entity": A corporation, partnership, trust, limited liability company, or other similar legal entity. (d) "Insured": The Insured named in Schedule A. (i) The term "Insured" also includes (A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors, personal representatives, or next of kin; (B) successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization; (C) successors to an Insured by its conversion to another kind of Entity; (D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title (1) if the stock, shares, memberships, or other equity interests of the grantee are wholly -owned by the named Insured, (2) if the grantee wholly owns the named Insured, (3) if the grantee is wholly -owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named Insured are both wholly -owned by the same person or Entity, or (4) if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named in Schedule A for estate planning purposes. (ii) With regard to (A), (B), (C), and (D) reserving, however, all rights and defenses as to any successor that the Company would have had against any predecessor Insured. (e) 'Insured Claimant": An Insured claiming loss or damage. {f) "Knowledge" or "Known": Actual knowledge, not constructive knowledge or notice that may be imputed to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. (g) "Land": The land described in Schedule A, and affixed improvements that by law constitute real property. The term "Land" does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is insured by this policy. (h) "Mortgage": Mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by electronic means authorized by law. (i) 'Public Records": Records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), 'Public Records" shall also include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the Land is located. Q) "Title": The estate or interest described in Schedule A. (k) "Unmarketable Title": Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. 2. CONTINUATION OF INSURANCE The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) of these Conditions, (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy, or (III) if the Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company's liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudice. 4. PROOF OF LOSS In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage. Copyright American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Owner's Policy (06117/2006) Printed: 02,01.20 @ 09:33 AM Page 8 ID----SPS-27306-1-20-34602015563 E IDI� 11 APPROVED ,TIONAL TITLE INSURANCE COMPANY DAT 04/12/22 ;,J %Ut,ja,e A 2G22- m IND PROSECUTION OF ACTIONS (continued) OWNER'S POLICY NO. 34602015563 itten request by the Insured, and subject to the options contained in Section 7 of these Conditions, the Company, at its own cost and witnou unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs, or expenses incurred by the Insured in the defense of those causes of action that allege matters not insured against by this policy. (b) The Company shall have the right, in addition to the options contained in Section 7 of these Conditions, at its own cost, to institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate action under the terms of this policy, whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this subsection, it must do so diligently. (c) Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may pursue the litigation to a final determination by a court of competent jurisdiction, and it expressly reserves the right, in its sole discretion, to appeal from any adverse judgment or order. 6. DUTY OF INSURED CLAIMANT TO COOPERATE (a) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by the Company, the Insured, at the Company's expense, shall give the Company all reasonable aid (1) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the Company's obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. (b) The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of the Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of a third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from third parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY In case of a claim under this policy, the Company shall have the following additional options: (a) To Pay or Tender Payment of the Amount of Insurance. To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys' fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. Upon the exercise by the Company of this option, all liability and obligations of the Company to the Insured under this policy, other than to make the payment required in this subsection, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. (b) To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured Claimant. (i) to pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under this policy. In addition, the Company will pay any costs, attorneys' fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay; or (ii) to pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with any costs, attorneys' fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. Upon the exercise by the Company of either of the options provided for in subsections (b)(i) or (ii), the Company's obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. 8. DETERMINATION AND EXTENT OF LIABILITY This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has suffered loss or damage by reason of matters insured against by this policy. A Atf KICAN Copyright American Land Title Association. All rights reserved. LAND TITLE .............. 1.t�ilCl.s'CI(>1 The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Owner's Policy (06/17/2006) Printed: 02.01.20 @ 09:33 AM Page 9 ID—SPS-27306-1-20-34602015563 L j (E IDR L�� - LTIONAL TITLE INSURANCE COMPANY OWNER'S POLICY NO. 34602015563 APPROVED (continued) )AT 04/12/22 �cE UtjBLe A-2G22 nt of liability of the Company for loss or damage under this policy shall not exceed the lesser of [Amount of Insurance; or (ii) the difference between the value of the Title as insured and the value of the Title subject to the risk insured against by this policy. (b) If the Company pursues its rights under Section 5 of these Conditions and is unsuccessful in establishing the Title, as insured, (i) the Amount of Insurance shall be increased by Ten percent (10%), and (ii) the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the Insured Claimant or as of the date it is settled and paid. (c) in addition to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys' fees, and expenses incurred in accordance with Sections 5 and 7 of these Conditions. 9. LIMITATION OF LIABILITY (a) if the Company establishes the Title, or removes the alleged defect, lien, or encumbrance, or cures the lack of a right of access to or from the Land, or cures the claim of Unmarketable Title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured. (b) In the event of any litigation, including litigation by the Company or with the Company's consent, the Company shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. (c) The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in settling any claim or suit without the prior written consent of the Company. 10. REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY All payments under this policy, except payments made for costs, attorneys' fees, and expenses, shall reduce the Amount of Insurance by the amount of the payment. 11. LIABILITY NONCUMULATIVE The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken in Schedule B or to which the Insured has agreed, assumed, or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured under this policy. 12. PAYMENT OF LOSS When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be made within thirty (30) days. 13. RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT (a) Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys' fees, and expenses paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its right to recover until after the Insured Claimant shall have recovered its loss. (b) The Company's right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of insurance, or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 14. ARBITRATION Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association ("Rules"). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is Two Million and No/100 Dollars ($2,000,000) or less shall be arbitrated at the option of either the Company or the Insured. All arbitrable matters when the Amount of Insurance is in excess of Two Million and No/100 Dollars ($2,000,000) shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction. 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT (a) This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. (b) Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim shall be restricted to this policy. (c) Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly incorporated by Schedule A of this policy. Copyright American Land Title Association. All rights reserved. AR ILANDT`T E 4S.Y1CiAIII' The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. y ALTA Owner's Policy (06/17/2006) Printed: 02.01.20 @ 09:33 AM Page 10 ID—SPS-27306-1-20-34602015563 E IDI� I.AN— �J Irsement IONAL TITLE INSURANCE COMPANY OWNER'S POLICY NO. 34602015563 APPROVED (continued) )A.E� 04/12/22 ;ua:e A m rsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and provisions. Except as expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, Wend the Date of Policy, or (iv) increase the Amount of Insurance. 16. SEVERABILITY In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full force and effect. 17. CHOICE OF LAW; FORUM (a) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. (b) Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or federal court within the United States of America or its territories having appropriate jurisdiction. 18. NOTICES, WHERE SENT Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to the Company at: Fidelity National Title Insurance Company P.O. Box 45023 Jacksonville, FL 32232-5023 Attn: Claims Department END OF CONDITIONS RICAN Copyright American Land Title Association. All rights reserved. A 11 ......................:. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Jam" ALTA Owners Policy (06117/2006) Printed: 02.01.20 @ 09:33 AM Page 11 ID--SPS-27306-1-20-34602015563