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ADJACENT BOUNDARY LINE ° m? N � GROUND. ELEVATIONS SHOWN HEREON ARE PER NAVD88 VERTICAL DATUM AND SURFACE -h N
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2. THERE IS NO OBSERVABLE EVIDENCE OF THE SUBJECT PROPERTIES BEING USED AS A q:
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FOR ALTA/NSPS LAND TITLE SURVEYS, JOINTLY ESTABLISHED AND ADOPTED BY ALTA AND 5725 NORTH DISCOVERY WAY
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-'SURVEY BENCHMARK: NSPS. THE FIELD WORK WAS COMPLETED ON MARCH 12, 2025. BOISE, IDAHO 83713
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® TITLE EXCEPTIONS FOR SUBJECT PARCEL ® TITLE EXCEPTIONS - CONTINUED ® TITLE EXCEPTIONS - CONTINUED PROPERTY DESCRIPTION 16 EASEMENT NOTES (SHOWN ON THE PLAT OF LOST RAPIDS SUBDIVISION)
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A PATHWAY EASEMENT PER INST, No. S
A SUBJECT TO A CITY OF MERIDIAN THE PROPERTIES SHOWN HEREON RE UB �
THE FOLLOWING SCHEDULE B PART II EXCEPTIONS ARE PER THE TITLE REPORT ISSUED BY 32. LICENSE AGREEMENT AND THE TERMS AND CONDITIONS THEREOF: 36. DEED OF TRUST AND THE TERMS AND CONDITIONS THEREOF. THE FOLLOWING DESCRIPTION IS PER THE TITLE COMMITMENT PROVIDED BY FIRST AMERICAN 1 H - COUNTY, IDAHO. CENSF G•p
FIRST AMERICAN TITLE INSURANCE COMPANY, COMMITMENT NO. 4125 4239826, BETWEEN: SETTLERS IRRIGATION DISTRICT GRANTOR/TRUSTOR: GFI-MERIDIAN INVESTMENTS II, LLC, A UTAH LIMITED LIABILITY TITLE INSURANCE COMPANY, COMMITMENT No. 4125 4239826, REVISION No. 2, 2020 146962, RECORDS OF ADA CO 41 D G
REVISION No. 2, COMMITMENT DATE OF FEBRUARY 18, 2025. AND: GFI-MERIDIAN INVESTMENTS II, LLC AND COSTCO WHOLESALE CORPORATION COMPANY COMMITMENT DATE OF FEBRUARY 18, 2025. 4
RECORDING INFORMATION: 2020-086632 GRANTEE/BENEFICIARY: THE XLT FUND, LTD, A UTAH LIMITED PARTNERSHIP 2. THE PROPERTIES SHOWN HEREON ARE SUBJECT TO A NORTH SLOUGH WATER USERS ASSOCIATION EASEMENT PER INST. a 662
1. TAXES OR ASSESSMENTS THAT ARE NOT SHOWN AS EXISTING LIENS BY THE RECORDS OF (AFFECTS SUBJECT PARCEL BUT CANNOT BE PLOTTED HEREON) TRUSTEE: TITLEONE CORPORATION PARCEL I: No. 2019-093523, RECORDS OF ADA COUNTY, IDAHO.
ANY TAXING AUTHORITY THAT LEVIES TAXES OR ASSESSMENTS ON REAL PROPERTY OR BY AMOUNT: ITLEO E CO
THE PUBLIC RECORDS. PARCEL B OF RECORD OF SURVEY NO. 13628 RECORDED SEPTEMBER 12, 2022 AS 3. THE PROPERTIES SHOWN HEREON ARE SUBJECT TO AN ITD PERMANENT EASEMENT PER INST. No. 2019-089966, `j'� &)
33. EASEMENT, INCLUDING TERMS AND PROVISIONS CONTAINED THEREIN: DATED: APRIL 12, 2018 INSTRUMENT No. 2022-078691, RECORDS OF ADA COUNTY, IDAHO BEING MORE RECORDS OF ADA COUNTY, IDAHO. 9rF F %
2. ANY FACTS, RIGHTS, INTEREST, OR CLAIMS WHICH ARE NOT SHOWN BY THE PUBLIC IN FORDING OR OFF CITY
OF MERIDIAN 146962 RECORDING IA FORMATION: 2018-032951 PARTICULARITY DESCRIBED AS FOLLOWS: 4. UNLESS OTHERWISE DIMENSIONED, ALL LOT LINES COMMON TO THE SUBDIVISION BOUNDARY AND ALL REAR LOT LINES �P<<
RECORDS BUT THAT COULD BE ASCERTAINED BY AN INSPECTION OF THE LAND OR BY
MAKING INQUIRY OF PERSONS IN POSSESSION THEREOF. A PARCEL OF LAND BEING A PORTION OF LOT 5, BLOCK 1 OF LOST RAPIDS SUBDIVISION CONTAIN A 10.00 FOOT WIDE EASEMENT FOR PUBLIC UTILITIES, LOT DRAINAGE AND OWNER'S ASSOCIATION PRESSURIZED A
FOR: PEDESTRIAN PATHWAY A DOCUMENT RECORDED JULY 20, 2018 AS RECORDING No. 2018-068018, (BOOK 119 OF PLATS, PAGES 18496- 18501, RECORDED AS INSTRUMENT No. IRRIGATION.
3. EASEMENTS, CLAIMS OF EASEMENT OR ENCUMBRANCES THAT ARE NOT SHOWN BY THE AFFECTS LOTS 3-9 IN BLOCK 1 PURPORTEDLY SUBSTITUTES FIRST AMERICAN TITLE INSURANCE COMPANY AS TRUSTEE 2020-160084), SITUATED IN THE NORTHEAST 1/4 OF THE NORTHEAST 1/4 OF SECTION 27,
PUBLIC RECORDS. UNDER THE DEED OF TRUST/MORTGAGE. TOWNSHIP 4 NORTH, RANGE 1 WEST, BOISE MERIDIAN, CITY OF MERIDIAN, ADA COUNTY, 5. THE PROPERTIES SHOWN HEREON ARE SUBJECT TO A LANDSCAPE BUFFER EASEMENT MEASURED 5.00 FEET SOUTHERLY
(AFFECTS SUBJECT PARCEL AND IS PLOTTED HEREON) IDAHO AND BEING MORE PARTICULARITY DESCRIBED AS FOLLOWS: OF THE EXISTING ITD PERMANENT EASEMENTS AS REFERENCED IN NOTE 3.
4. ANY ENCROACHMENT, ENCUMBRANCE, VIOLATION, VARIATION, OR ADVERSE CIRCUMSTANCE AFFECTS LOTS 1-5, 12-15 IN BLOCK 1
AFFECTING THE TITLE INCLUDING DISCREPANCIES, CONFLICTS IN BOUNDARY LINES, 34. ALL MATTERS DISCLOSED BY A RECORD OF SURVEY RECORDED SEPTEMBER 12, 2022 BEGINNING AT A FOUND 1/2-INCH REBAR MARKING THE NORTHEAST CORNER OF SAID LOT 6. UNLESS OTHERWISE DIMENSIONED, ALL LOT LINES COMMON TO PUBLIC RIGHTS-OF-WAY CONTAIN A 10.00 FOOT WIDE
SHORTAGE IN AREA, OR ANY OTHER FACTS THAT WOULD BE DISCLOSED BY AN ACCURATE UNDER RECORDING NO. 2022-78691. (AFFECTS SUBJECT PARCEL BUT CANNOT BE PLOTTED HEREON) 5, WHICH BEARS S89-17-35"E A DISTANCE OF 359.26 FEET FROM A FOUND 5/8-INCH EASEMENT FOR PUBLIC UTILITIES, CITY OF MERIDIAN STREET LIGHTS, OWNER'S ASSOCIATION PRESSURIZED IRRIGATION
AND COMPLETE LAND SURVEY OF THE LAND, AND THAT ARE NOT SHOWN IN THE PUBLIC (AFFECTS SUBJECT PARCEL AND IS PLOTTED HEREON) REBAR MARKING THE NORTHWEST CORNER OF LOT 4, BLOCK 1 OF SAID LOST RAPIDS AND LOT DRAINAGE.
RECORDS. 37. UNRECORDED LEASEHOLDS, IF ANY, RIGHTS OF VENDORS AND SECURITY AGREEMENT ON SUBDIVISION;
PERSONAL PROPERTY AND RIGHTS OF TENANTS, AND SECURED PARTIES TO REMOVE THENCE FOLLOWING THE EASTERLY BOUNDARY LINE OF SAID LOT 5, S00'00'18"E A DISTANCE 7. THE PROPERTIES SHOWN HEREON ARE SUBJECT TO CITY OF MERIDIAN SEWER AND WATER EASEMENTS PER INST. No.
5. (A) UNPATENTED MINING CLAIMS; (B) RESERVATIONS OR EXCEPTIONS IN PATENTS OR IN 35. DEED OF TRUST AND THE TERMS AND CONDITIONS THEREOF. TRADE FIXTURES AT THE EXPIRATION OF THE TERM. OF 302.83 FEET TO A FOUND 1/2-INCH REBAR MARKING THE SOUTHEAST CORNER OF SAID 2019-077072, 2019-077073, 2020-059664 AND 2020-059665, RECORDS OF ADA COUNTY, IDAHO. LL,
ACTS AUTHORIZING THE ISSUANCE THEREOF; (C) WATER RIGHTS, CLAIMS OR TITLE TO GRANTOR/TRUSTOR: GFI-MERIDIAN INVESTMENTS II, LLC, A UTAH LIMITED LIABILITY LOT 5; a
WATER, WHETHER OR NOT THE MATTERS EXCEPTED UNDER (A), (B), OR (C) ARE SHOWN COMPANY 38. ANY OFF--RECORD FACTS, ENCUMBRANCES, EASEMENTS OR POSSESSORY CLAIMS, A THENCE LEAVING SAID EASTERLY BOUNDARY LINE AND FOLLOWING THE SOUTHERLY BOUNDARY
BY THE PUBLIC RECORDS. GRANTEE/BENEFICIARY: THE XLT FUND, LTD., A UTAH LIMITED PARTNERSHIP SURVEY OR INSPECTION WOULD DISCLOSE. LINE OF SAID LOT 5, N89'17'16"W A DISTANCE OF 125.01 FEET;
TRUSTEE: FIRST AMERICAN TITLE COMPANY, A CALIFORNIA CORPORATION THENCE LEAVING SAID SOUTHERLY BOUNDARY LINE, N00'00'18"W A DISTANCE OF 302.82
6. ANY LIEN OR RIGHT TO A LIEN FOR SERVICES, LABOR OR MATERIAL, UNLESS SUCH LIEN AMOUNT: $6,000,000.00 FEET TO THE NORTHERLY BOUNDARY LINE OF SAID LOT 5;
IS SHOWN BY THE PUBLIC RECORDS AT DATE OF POLICY. DATED: SEPTEMBER 7, 2016 THENCE FOLLOWING SAID NORTHERLY BOUNDARY LINE, S89'17'35"E A DISTANCE OF 125.01
7. ANY DEFECT, LIEN, ENCUMBRANCE, ADVERSE CLAIM, OR OTHER MATTER THAT APPEARS
RECORDED: SEPTEMBER 8, 2016 FEET TO THE POINT OF BEGINNING. W. Chinclen Boulevard (20/26)FOR THE FIRST TIME IN THE PUBLIC RECORDS OR IS CREATED, ATTACHES, OR IS PARCEL II: N
RECORDING INFORMATION: 2016-084623
DISCLOSED BETWEEN THE COMMITMENT DATE AND THE DATE ON WHICH ALL OF THE
SCHEDULE B, PART I—REQUIREMENTS ARE MET. A DOCUMENT RECORDED FEBRUARY 21, 2024 AS RECORDING No. 2024-008832, EASEMENT RIGHTS AS CONTAINED IN DECLARATION OF EASEMENTS, COVENANTS, CONDITIONS 0 20 40 60
PURPORTEDLY SUBSTITUTES TITLEONE AS TRUSTEE UNDER THE DEED OF AND RESTRICTIONS, RECORDED JUNE 12, 2020, AS INSTRUMENT NO. 2020-071547,
8, GENERAL AND SPECIAL TAXES FOR THE YEAR 2024, IN THE ORIGINAL AMOUNT OF TRUST/MORTGAGE. RECORDS OF ADA COUNTY, IDAHO. Plan Scale; 1" = 20' Z
$4,663.98, CODE AREA 03, A.P. No. R5330760510, FIRST HALF PAID, SECOND HALF
NOW DUE AND PAYABLE, BUT NOT DELINQUENT UNTIL AFTER JUNE 20, 2025. PARCEL III:
AFFECTS LOTS 3-12 IN BLOCK 1 N
(AFFECTS SUBJECT PARCEL BUT CANNOT BE PLOTTED HEREON) j
9. GENERAL AND SPECIAL TAXES FOR THE YEAR 2025, AN ACCRUING LIEN NOT DUE OR EASMENT RIGHTS AS CONTAINED IN CONSTRUCTION, OPERATION AND RECIPROCAL EASEMENT w
PAYABLE UNTIL THE FOURTH MONDAY IN NOVEMBER 2025 WHEN THE BILLS ARE ISSUED, AGREEMENT, RECORDED JULY 17, 2018, AS INSTRUMENT NO. 2018-066684, RECORDS OF aC
THE FIRST HALF OF WHICH IS NOT DELINQUENT UNTIL AFTER DECEMBER 20, 2025. ADA COUNTY, IDAHO.
10. GENERAL TAXES WHICH MAY BE ASSESSED AND EXTENDED ON ANY "SUBSEQUENT" OR
"OCCUPANCY" TAX ROLL, WHICH MAY ESCAPE ASSESSMENT OF THE REGULAR TAX ROLL;
WHICH ARE A LIEN NOT YET DUE OR PAYABLE. — — — — — — — — — — — — — — — — 0 S89°17'35"E 125.01 '
11. ANY TAX, FEE, ASSESSMENTS OR CHARGES AS MAY BE LEVIED BY CITY OF MERIDIAN.
12. ANY TAX, FEE, ASSESSMENTS OR CHARGES AS MAY BE LEVIED BY SETTLERS IRRIGATION — — — — — — — — — If- _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
DISTRICT. I - - — — — - - — — — — — — — — — — — —
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QUITCLAIM DEED FROM HARRELL LATERAL WATER USERS ASSOCIATION TO SETTLERS
IRRIGATION DISTRICT RECORDED DECEMBER 3, 2008 AS INSTRUMENT No. 108129364, ADA _ o oz
COUNTY RECORDS. N
13, ANY TAX, FEE, ASSESSMENTS OR CHARGES AS MAY BE LEVIED BY NORTH SLOUGH WATER ` b
USERS ASSOCIATION.
14. ANY TAX, FEE, ASSESSMENTS OR CHARGES AS MAY BE LEVIED BY LOST RAPIDS ' I t
SUBDIVISION OWNERS ASSOCIATION.
15. RIGHT OF WAY FOR NORTH SLOUGH, ALSO KNOWN AS TEN MILE DITCH.
16. ANY AND ALL OFFERS OF DEDICATION, CONDITIONS, RESTRICTIONS, EASEMENTS, NOTES - — — — — — — — — — — — — — — — — — — — — — — —
AND/OR PROVISIONS SHOWN OR DISCLOSED BY THE FILED OR RECORDED MAP OF LOST
RAPIDS SUBDIVISION, FILED IN BOOK 119 OF PLATS AT PAGE 18496 THROUGH 18501, — — — — — — — — — — — — — — —
REFERRED TO IN THE LEGAL DESCRIPTION.
(AFFECTS SUBJECT PARCEL AND IS PLOTTED HEREON)
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17. EASEMENT, INCLUDING TERMS AND PROVISIONS CONTAINED THEREIN: w w
RECORDING INFORMATION: BOOK 16 OF MISCELLANEOUS RECORDS AT 229 I I Z 't o cv >_
IN FAVOR OF: IDAHO POWER COMPANY F- V) Z w
FOR: POWER LINES Z w
(EASEMENT IS BLANKET IN NATURE AND DESCRIBES AN � ~p w z
IDAHO POWER LINE THAT CANNOT BE DETERMINED) cwn Z
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18. INTENTIONALLY DELETED w w w Q m
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20. ALL MATTERS DISCLOSED BY A RECORD OF SURVEY RECORDED JULY 17, 2018 UNDER w e w 4-J C:
RECORDING NO. 2018-066481. N
(AFFECTS SUBJECT PARCEL BUT CANNOT BE PLOTTED HEREON) to
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21. CONSTRUCTION, OPERATION AND RECIPROCAL EASEMENT AGREEMENT AND THE TERMS AND o O
CONDITIONS THEREOF: L _ z
BETWEEN: GFI-MERIDIAN INVESTMENTS II, LLC, A UTAH LIMITED LIABILITY COMPANY I I `D T L O +-+
AND: COSTCO WHOLESALE CORPORATION, A WASHINGTON CORPORATION Iil ` I N C
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MODIFICATION AND/OR AMENDMENT BY INSTRUMENT: '�
RECORDING INFORMATION: 2023-065497 ' Parcel III • S� N
(AFFECTS SUBJECT PARCEL AND IS APPROXIMATELY PLOTTED HEREON) : G W
22. COVENANTS, CONDITIONS, RESTRICTIONS AND/OR EASEMENTS; BUT DELETING ANY
COVENANT, CONDITION OR RESTRICTION INDICATING A PREFERENCE, LIMITATION OR I E I � L
DISCRIMINATION BASED ON RACE, COLOR, RELIGION, SEX, HANDICAP, FAMILY STATUS, OR I . I • rt I co 00
NATIONAL ORIGIN TO THE EXTENT SUCH COVENANTS, CONDITIONS OR RESTRICTIONS NO, 12 CK N OCK 1 \ON z cv J O
VIOLATE TITLE 42, SECTION 3604(C), OF THE UNITED STATES CODES: \N \0 BL VN rn O
RECORDING INFORMATION: 2018-066685 E Su80\v15\0 L01 �'wESj 5080\v\S SOS 2. S3 S-- Parcel I rn N E +-�
(AFFECTS SUBJECT PARCEL BUT CANNOT BE PLOTTED HEREON) 0P\�gR\0C' � r OS3 RpP\0s wS m �' 0.869± AC W a\OcK N N
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23. LANDSCAPING, MAINTENANCE, AND ACCESS EASEMENT AGREEMENT AND THE TERMS AND L LO Parcel B per ROS No. 13628 00 �RPP\os Sve ` 0 Cn w N
CONDITIONS THEREOF: cn O L053 U CO Z N
BETWEEN: GFI-MERIDIAN INVESTMENTS II, LLC, A UTAH LIMITED LIABILITY COMPANY I - ( a o O J
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AND: COSTCO WHOLESALE CORPORATION, A WASHINGTON CORPORATION I x I z N i 0 RECORDING INFORMATION: 2018-066687 J i N
(AFFECTS SUBJECT PARCEL BUT CANNOT BE PLOTTED HEREON) "' N C
24. DEVELOPMENT AGREEMENT AND THE TERMS AND CONDITIONS THEREOF:
BETWEEN: CITY OF MERIDIAN, A MUNICIPAL CORPORATION � v L U 0
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AND: GFI-MERIDIAN INVESTMENTS II, LLC -
RECORDING INFORMATION: 2018-079970
(AFFECTS SUBJECT PARCEL BUT CANNOT BE PLOTTED HEREON) I m
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25. EASEMENT, INCLUDING TERMS AND PROVISIONS CONTAINED THEREIN: �`
RECORDING INFORMATION: 2019-077073 -" Ca
IN FAVOR OF: CITY OF MERIDIANFOR: SEWER AND WATER MAIN ° M
(AFFECTS SUBJECT PARCEL AND IS PLOTTED HEREON)
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26. COVENANTS, CONDITIONS, RESTRICTIONS AND EASEMENTS CONTAINED IN DEED TO THE I ng �'.
N STATE OF IDAHO FOR ADJACENT LAND RECORDED SEPTEMBER 20, 2019, AS INSTRUMENT
NO. 2019-089965.
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AFFECTS LOTS 3-9 IN BLOCK 1
(AFFECTS SUBJECT PARCEL BUT CANNOT BE PLOTTED HEREON)
N 27. EASEMENT, INCLUDING TERMS AND PROVISIONS CONTAINED THEREIN: M
RECORDING INFORMATION: 2019-089966 � to
N IN FAVOR OF: STATE OF IDAHO, IDAHO TRANSPORTATION BOARD, BY AND THROUGH THE
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FOR: UTILITIES, IRRIGATION AND DRAINAGE FACILITIES AND/OR PATHWAYS
AFFECTS LOTS 3-9 IN BLOCK 1
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28. LICENSE AGREEMENT AND THE TERMS AND CONDITIONS THEREOF: �� '
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29. EASEMENT, INCLUDING TERMS AND PROVISIONS CONTAINED THEREIN:
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LOSTLOT RAPIDS BSOUBDIVISION
CCC
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