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HomeMy WebLinkAboutPZ - Title Commitment ' First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) Transaction Identification Data,for which the Company assumes no liability as set forth in Commitment Condition 5.e.: Issuing Agent: First American Title Insurance Company National Commercial Services Issuing Office: 2150 S Bonito Way, Ste 100, Meridian, ID 83642 Issuing Office's ALTA@ Registry ID: 1153444 Commitment No.: NCS-1270280-SD Issuing Office File No.: 4109-4292373 Property Address: 3243 E. Village Drive, 1660, 1900 N. Eagle Road, 3210, 3698, 3711 E. Longwing Lane, 3570, 3680, 3800 E Fairview Avenue, Meridian, ID 83646 Revision No.: R1343720601, R1343720710, R1343720800, R1343721000, R1343721100, R1343721200, R1343721300, R1343721400, R1343721500 SCHEDULE A 1. Commitment Date: July 15, 2025 at 07:30 AM 2. Policy to be issued: a. 2021 ALTA Standard Owner's Policy Proposed Insured: To Be Determined Proposed Amount of Insurance: $TBD The estate or interest to be insured: See Item 3 below 3. The estate or interest in the Land at the Commitment Date is: Fee Simple 4. The Title is, at the Commitment Date, vested in: Meridian CenterCal, L.L.C., a Delaware limited liability company as to Parcels B and C and Meridian CenterCal Owner, LLC, a Delaware limited liability company as to the remainder 5. The Land is described as follows: See Exhibit A attached hereto and made a part hereof This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 1 of 18 First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) First American Title Insurance Company By: Authorized Signatory This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 2 of 18 First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) Commitment No. NCS-1270280-SD SCHEDULE B, PART I—Requirements All of the following Requirements must be met: 1. The Proposed Insured must notify the Company in writing of the name of any party not referred to in this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The Company may then make additional Requirements or Exceptions. 2. Pay the agreed amount for the estate or interest to be insured. 3. Pay the premiums, fees, and charges for the Policy to the Company. 4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured, or both, must be properly authorized, executed, delivered, and recorded in the Public Records. 5. Idaho state law, effective April 4, 2023, prohibits purchase or acquisition of an interest in designated real property by foreign governments. This law can be found at I.C. § 55-103. Any loss or damage incurred as a result of a violation of this law is excluded from coverage under the terms of a title insurance policy. If a Foreign Government or Foreign State-Controlled Enterprise, as defined in I.C. §55-103, is a party to this transaction, the Company must be notified in writing. The Company does not intend to knowingly close or insure a transaction that violates the referenced state law. 6. Evidence of the authority of the individual(s) to execute the forthcoming document for Meridian CenterCal, L.L.C. and Meridian CenterCal Owner, LLC, copies of the current operating agreement should be submitted prior to closing. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 3 of 18 First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) Commitment No. NCS-1270280-SD SCHEDULE B, PART II—Exceptions Some historical land records contain Discriminatory Covenants that are illegal and unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a document referenced in Schedule B as if each Discriminatory Covenant is redacted, repudiated, removed, and not republished or recirculated. Only the remaining provisions of the document will be excepted from coverage. The Policy will not insure against loss or damage resulting from the terms and conditions of any lease or easement identified in Schedule A, and will include the following Exceptions unless cleared to the satisfaction of the Company: 1. 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. 2. Any facts, rights, interest, or claims which are not shown by the Public Records but that could be ascertained by an inspection of the Land or by making inquiry of persons in possession thereof. 3. Easements, claims of easement or encumbrances that are not shown by the Public Records. 4. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title including discrepancies, conflicts in boundary lines, shortage in area, or any other facts that would be disclosed by an accurate and complete land survey of the Land, and that are not shown in the Public Records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. 6. Any lien or right to a lien for services, labor or material, unless such lien is shown by the Public Records at Date of Policy. 7. Any defect, lien, encumbrance, adverse claim, or other matter that appears for the first time in the Public Records or is created, attaches, or is disclosed between the Commitment Date and the date on which all of the Schedule B, Part I—Requirements are met. This page is only a part of a 2021 ALTA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 4 of 18 First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) 8. General and special taxes for the year 2024, in the original amount of$7,144.56, Code Area 03-8, A.P. No. R1434721300, First half paid, second half delinquent, 2024 ($15.64 remains due for second half). 9. General and special taxes for the year 2024, in the original amount of$999.14, Code Area 03-8, A.P. No. R1343721400, First half paid, second half delinquent, 2024 ($38.09 remains due for second half). 10. General and Special Taxes for the year 2025, an accruing lien not due or payable until the fourth Monday in November 2025 when the bills are issued, the first half of which is not delinquent until after December 20, 2025. 11. 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. 12. Any tax, fee, assessments or charges as may be levied by City of Meridian. 13. Liens, levies and assessments by Nampa-Meridian Irrigation District. 14. Any tax, fee, assessments or charges as may be levied by Meridian Towncenter For Universal Common Area Maintenance. 15. Any and all offers of dedication, conditions, restrictions, easements, notes and/or provisions shown or disclosed by the filed map of CENTERCAL SUBDIVISION, filed in Book 104 of Plats at Pages 14163 through 14167, referred to in the legal description. 16. Covenants, conditions, restrictions and easements contained in Deed to the State of Idaho, conveying a portion of the property adjoining, recorded July 28, 1955, as Instrument No. 380667, Records of Ada County, Idaho. Affects Lots 2-8 in Block 2 17. Agreement and the terms and conditions thereof: Between: Nampa & Meridian Irrigation District And: Morrison-Knudsen Company Recording Information: 841610 18. Easement, including terms and provisions contained therein: Recording Information: 95030008 This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 5 of 18 First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) In Favor of: Idaho Power Company For: power lines Affects Lots 1, 4 and 5 in Block 1 and Lots 1-3 in Block 2 19. Restrictive Covenant contained in Special Warranty Deed recorded July 31, 2008, as Instrument No. 108087268, Records of Ada County, Idaho. 20. Declaration of Restrictions recorded July 31, 2008 as Instrument No. 108087271, records of Ada County, Idaho. 21. Well Sharing, Water Supply and Easement Agreement upon the terms, conditions and provisions contained therein: Dated: July 31, 2008 Parties: David E. Kleiner, Truste of the 2008 Kleiner Family Trust UTA dated March 4, 2008; David E. Kleiner, as Trustee of the 2008 Kleiner Family Trust II UTD July 29, 2008; Eugene M. Kleiner and Michael E. Huter as Co Trustees of The Julius M. Kleiner Memorial Park Trust, UTA dated April 5, 2007; and Meridian CenterCal, L.L.C., a Delaware limited liability company Recorded: July 31, 2008 Instrument No.: 108087272 Modification and/or amendment by instrument: Recording Information: 112137357 Termination Notice recorded January 6, 2023 as Instrument No. 2023-000860. Vacation and Removal of Termination Notice recorded June 7, 2023 as Instrument No. 2023-032611. 22. Water Line Easement Agreement upon the terms, conditions and provisions contained therein: Dated: July 31, 2008 Parties: David E. Kleiner, Trustee of the 2008 Kleiner Family Trust UTA dated March 4, 2008; David E. Kleiner, as Trustee of the 2008 Kleiner Family Trust II UTD July 29, 2008; and Meridian CenterCal, L.L.C., a Delaware limited liability company Recorded: July 31, 2008 Instrument No.: 108087273 23. Development Agreement and the terms and conditions thereof: Between: City of Meridian And: Meridian CenterCal, LLC Recording Information: 108131103 This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 6 of 18 A� First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) Modification and/or amendment by instrument: Recording Information: 111052692 and 112025435 24. Sales Tax Anticipation Revenue Reimbursement Agreement and the terms and conditions thereof: Between: Idaho Transportation Board, Ada County Highway District And: Meridian CenterCal, LLC, a Delaware limited liability company Recording Information: 112006971 25. Easement, including terms and provisions contained therein: Recording Information: 112007198 In Favor of: Ada County Highway District For: public right of way, storm water facilities and storm water drainage 26. Covenants, conditions, restrictions and/or easements; but deleting any covenant, condition or restriction indicating a preference, limitation or discrimination based on race, color, religion, sex, handicap, family status, or national origin to the extent such covenants, conditions or restrictions violate Title 42, Section 3604(c), of the United States Codes: Recording Information: 112048054 Modification and/or amendment by instrument: Recording Information: 112048058, 2018-007731 and 2023-000859 27. Restriction Agreement and the terms and conditions thereof: Between: Meridian CenterCal, LLC, a Delaware limited liability company And: Chick-Fil-A, Inc., a Georgia corporation Recording Information: 112048056 Affects Lots 1, 2 and 4 in Block 1 and all of Block 2 28. Easement, including terms and provisions contained therein: Recording Information: 112050560 In Favor of: Idaho Power Company For: underground facilities 29. Easement, including terms and provisions contained therein: Recording Information: 112073615 In Favor of: City of Meridian, an Idaho municipal corporation For: recreational pathway easement Affects Lots 1, 2, 4 and 5 in Block 1 and Lots 1-3 in Block 2 This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 7 of 18 First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) 30. Restrictions contained in Memorandum of Lease, recorded August 8, 2012, as Instrument No. 112079542, Records of Ada County, Idaho. Affects Lots 1, 2 and 4 in Block 1, and all of Block 2. 31. Easement, including terms and provisions contained therein: Recording Information: 112079721 In Favor of: City of Meridian For: sanitary sewer and water main easement Partial Release of Easement recorded August 14, 2024 as Instrument No. 2024-044669. 32. License Agreement and the terms and conditions thereof: Between: Meridian CenterCal, LLC And: Ada County Highway District Recording Information: 112088697 33. Restrictions contained in Memorandum of Lease recorded October 24, 2012 as Instrument No. 112110535, records of Ada County, Idaho. 34. Lease and the terms and conditions thereof as disclosed by Memorandum of Lease. Lessor: Meridian CenterCal, LLC Lessee: Yard House USA, Inc. Term: 120 months with undisclosed renewal options Dated: April 1, 2013 Recorded: April 16, 2013 Recording Information: 113040916 35. Restrictions contained in Memorandum of Lease recorded April 16, 2013 as Instrument No. 113040916, records of Ada County, Idaho. 36. Easement, including terms and provisions contained therein: Recording Information: 113101082 In Favor of: Idaho Power Company For: public utilities 37. Lease and the terms and conditions thereof as disclosed by Memorandum of Lease. Lessor: Meridian CenterCal, LLC Lessee: ULTA Salon, Cosmetics & Fragrance, Inc. Term: 10 years with 2 (5) year renewal options Dated: April 12, 2019 This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 8 of 18 A� First t m ri are Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) Recorded: April 19, 2019 Recording Information: 2016-032828 38. All matters disclosed by a record of survey recorded March 4, 2022 under recording no. 2022- 022770. 39. All matters disclosed by a record of survey recorded August 2, 2022 under recording no. 2022- 068728. 40. Lease and the terms and conditions thereof as disclosed by Memorandum of Lease. Lessor: Meridian Centercal Owner, LLC Lessee: North Restaurants LLC Term: 10 years with 2 (60) month renewal options Dated: August 15, 2024 Recorded: August 28, 2024 Recording Information: 2024-047899 41. Restrictions contained in Memorandum of Lease recorded August 28, 2024 as Instrument No. 2024- 047899, records of Ada County, Idaho 42. A financing statement Date Recorded: June 27, 2014 Recording No.: 114051274 Debtor: Pure Health Image and Lifestyle Center, Inc. Secured Party: Wells Fargo Bank, National Association A continuation statement was recorded December 31, 2018 as 2018-122368 of Official Records. A continuation statement was recorded February 15, 2024 as 2024-007709 of Official Records. 43. A financing statement Date Recorded: December 11, 2018 Recording No.: 2018-116781 Debtor: Texas de Brazil Boise Corporation Secured Party: Branch Banking and Trust Company An amendment to the financing statement was recorded June 15, 2023 as 2023-034109 of Official Records. A continuation statement was recorded June 16, 2023 as 2023-034404 of Official Records. This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 9 of 18 ' First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) An amendment to the financing statement was recorded June 16, 2023 as 2023-034514 of Official Records. 44. A financing statement Date Recorded: July 30, 2020 Recording No.: 2020-095856 Debtor: Fired Up Pizza, LLC Secured Party: Jared Biethman 45. Deed of Trust and the terms and conditions thereof. Grantor/Trustor: Meridian CenterCal Owner, LLC, a Delaware limited liability company Grantee/Beneficiary: JPMorgan Chase Bank, National Association Trustee: Stewart Title Guaranty Company Amount: $65,995,000.00 Dated: January 14, 2021 Recorded: January 15, 2021 Recording Information: 2021-008616 Assignment of Mortgagee's interest: Assignee: Wilmington Trust, National Association, as Trustee, on behalf of the Registered Holders of Benchmark 2021-B23 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2021- B23 and the Uncertificated VRR Interest Owner, and the Hold of the Related Serviced Companion Loan, as their interests may appear Recorded: April 14, 2021 Recording Information: 2021-059883 Subordination, Nondisturbance and Attornment Agreements recorded as 2022-027494, 2022-041508, 2022-044844, 2024-047900 and 2025-009306. 46. A financing statement Date Recorded: February 10, 2021 Recording No.: 2021-022338 Debtor: Duck Donuts of Idaho, LLC Secured Party: Zions Bancorporation, NA, dba Zions First National Bank 47. A claim of lien recorded March 25, 2025 as 2025-017938 of Official Records. Lien claimant: Bryant MC General Construction Amount: $3,000.00 48. A financing statement Date Recorded: May 29, 2025 This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 10 of 18 ' First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) Recording No.: 2025-033204 Debtor: Big Al's III, Inc. Secured Party: Umpqua Bank 49. Unrecorded leaseholds, if any, rights of vendors and security agreement on personal property and rights of tenants, and secured parties to remove trade fixtures at the expiration of the term. 50. Any off-record facts, encumbrances, easements or possessory claims, a survey or inspection would disclose. This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 11 of 18 First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) INFORMATIONAL NOTES A. This is an accommodation and not part of this commitment, no liability is assumed by noting the following: The parties disclosed in Schedule A, Section 3 were derived from Quitclaim Deeds recorded July 28, 2022 as Instrument No. 2022-067494 (Par B) and 2022-067495 (Par C) and General Warranty Deed, recorded January 15, 2021, as Instrument No. 2021-008615, Records of Ada County, Idaho. Additional Conveyances involving the parties disclosed in Schedule A, Section 3 which have recorded within the last 24 months: None B. General taxes for the year 2024, which have been paid. Tax Account No.: R1343720601, R1343720710, R1343720800, R1343721000, R1343721100, R1343721200, R1343721500 Code Area: Amount: $ see tax sheets Assessed Land Value: $ Assessed Improvement Value: $ C. A cancellation fee may be charged on any order canceled after the date of the Commitment. NOTE: Recording fees: $10.00 for the first page and $3.00 per page for every page thereafter. (i) Deeds, grants and conveyances of real property ..........$15.00 (ii) Trust deeds or mortgages of real property, including fixture filings, security agreements and assignments of leases and rents if contained within the same instrument for recording ............$45.00 (iii) Reconveyances of trust deeds, including a substitution of trustee if contained within the same instrument for recording, and releases of mortgages ..............................$15.00 (iv) Powers of attorney ........................$25.00 Additional $2.25 per document electronic recording fee. This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 12 of18 ' First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) Commitment No. NCS-1270280-SD EXHIBIT A The Land referred to herein below is situated in the County of Ada, State of Idaho, and is described as follows: PARCEL B: PARCEL B OF RECORD OF SURVEY NO. 13558 RECORDED AUGUST 2, 2022 AS INSTRUMENT NO. 2022- 068728, RECORDS OF ADA COUNTY, IDAHO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: A PARCEL OF LAND BEING A PORTION OF LOTS 2 AND 4, BLOCK 2, OF CENTERCAL SUBDIVISION, AS SAME IS SHOWN ON THE OFFICIAL PLAT THEREOF, RECORDED IN BOOK 104 OF PLATS AT PAGE 14163, ADA COUNTY RECORDS, SITUATE IN A PORTION OF THE SOUTHWEST ONE QUARTER OF THE SOUTHWEST ONE QUARTER OF SECTION 4, TOWNSHIP 3 NORTH, RANGE 1 EAST, BOISE MERIDIAN. CITY OF MERIDIAN, ADA COUNTY, IDAHO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST CORNER OF SAID SECTION 4, THENCE ON THE WEST LINE OF SAID SECTION 4, NORTH 00°34'03" EAST, 319.34 FEET, (FROM WHICH THE WEST ONE QUARTER CORNER OF SAID SECTION 4, BEARS NORTH 00°34'03" EAST, 2299.16 FEET, DISTANCE); THENCE LEAVING SAID WEST LINE, SOUTH 89025'57"EAST, 88.00 FEET, TO A POINT ON THE EASTERLY RIGHT OF WAY LINE OF NORTH EAGLE ROAD AND THE POINT OFBEGINNING: THENCE ON SAID EASTERLY RIGHT OF WAY LINE, NORTH 00034'03" EAST, 754.07 FEET; THENCE LEAVING SAID EASTERLY RIGHT OF WAY LINE, SOUTH 89036'40" EAST, 200.65 FEET; THENCE NORTH 00023'20" EAST, 205.50 FEET, TO A POINT ON THE SOUTHERN RIGHT OF WAY LINE OF EAST VILLAGE DRIVE; THENCE ON SAID SOUTHERN RIGHT OF WAY LINE, SOUTH 89036'40" EAST, 63.12 FEET; THENCE NORTH 00023'20" EAST, 7.50 FEET; THENCE SOUTH 89036'40" EAST, 295.10 FEET; THENCE LEAVING SAID SOUTHERN RIGHT OF WAY LINE, SOUTH 00023'20"WEST, 401.01 FEET; THENCE SOUTH 39036'40" EAST, 5.00 FEET; THENCE SOUTH 00023'20" WEST,192.41 FEET; THENCE SOUTH 89036'40" EAST, 123.56 FEET; THENCE SOUTH 00023'20" WEST, 292.65 FEET; THENCE SOUTH 89036'40" EAST, 115.58 FEET; THENCE SOUTH 00023'20" WEST, 113.65 FEET; THENCE NORTH 89036'09" WEST, 284.90 FEET; THENCE SOUTH 00023'51" WEST, 190.00 FEET, TO A POINT ON THE NORTHERN RIGHT OF WAY LINE OF EAST FAIRVIEW AVENUE; THENCE ON SAID NORTHERN RIGHT OF WAY LINE, NORTH 89036'09" WEST, 243.07 FEET; THENCE LEAVING SAID NORTHERN RIGHT OF WAY LINE, NORTH 00°23'20" EAST, 222.58 FEET; This page is only apart of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 13 of 18 ' First American Y Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) THENCE NORTH 89036'40" WEST, 277.36 FEET, TO THE POINT OF BEGINNING. PARCEL C: PARCEL C OF RECORD OF SURVEY NO. 13558 RECORDED AUGUST 2, 2022 AS INSTRUMENT NO. 2022- 068728, RECORDS OF ADA COUNTY, IDAHO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: A PARCEL OF LAND BEING ALL OF LOT 1, BLOCK 2 AND A PORTION OF EAST VILLAGE DRIVE, OF CENTERCAL SUBDIVISION, AS SAME IS SHOWN ON THE OFFICIAL PLAT THEREOF, RECORDED IN BOOK 104 OF PLATS AT PAGE 14163, ADA COUNTY RECORDS, SITUATE IN A PORTION OF THE SOUTHWEST ONE QUARTER OF THE SOUTHWEST ONE QUARTER OF SECTION 4, TOWNSHIP 3 NORTH, RANGE 1 EAST, BOISE MERIDIAN, CITY OF MERIDIAN, ADA COUNTY, IDAHO, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST CORNER OF SAID SECTION 4, THENCE ON THE WEST LINE OF SAID SECTION 4, NORTH 00°34'03" EAST, 319.34 FEET, (FROM WHICH THE WEST ONE QUARTER CORNER OF SAID SECTION 4, BEARS NORTH 00-34-03" EAST, 2299.16 FEET, DISTANCE); THENCE LEAVING SAID WEST LINE, SOUTH 89025'57" EAST, 88.00 FEET, TO A POINT ON THE EASTERLY RIGHT OF WAY LINE OF NORTH EAGLE ROAD; THENCE ON SAID RIGHT OF WAY LINE, NORTH 00134'03" EAST, 754.07 FEET TO THE POINT OF BEGINNING: THENCE CONTINUING ON SAID EASTERLY RIGHT OF WAY LINE, NORTH 00°34'03"EAST, 181.99 FEET; THENCE NORTH 45028'21" EAST, 43.91 FEET, TO A POINT ON THE SOUTHERN RIGHT OF WAY LINE OF EAST VILLAGE DRIVE; THENCE ON SAID SOUTHERN RIGHT OF WAY LINE, SOUTH 89036'40" EAST, 40.71 FEET; THENCE SOUTH 83017'54" EAST, 68.21 FEET; THENCE SOUTH 89036'40" EAST, 60.48 FEET; THENCE LEAVING SAID SOUTHERN RIGHT OF WAY LINE, SOUTH 00023'20"WEST, 205.50 FEET; THENCE NORTH 89036'40" WEST, 200.65 FEET TO THE POINT OF BEGINNING. TOGETHER WITH: LOTS 3, 5, 6, 7, 8, 9 AND 10 IN BLOCK 2, OF CENTERCAL SUBDIVISION, ACCORDING TO THE PLAT THEREOF, FILED IN BOOK 104 OF PLATS AT PAGES 14163 THROUGH 14167, RECORDS OF ADA COUNTY, IDAHO. APN: R1343720601, R1343720710, R1343720800, R1343721000, R1343721100, R1343721200, R1343721300, R1343721400, R1343721500 This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 14 of 18 ' First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) ALTA COMMITMENT FOR TITLE INSURANCE issued by FIRST AMERICAN TITLE INSURANCE COMPANY NOTICE IMPORTANT—READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT. THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON, INCLUDING A PROPOSED INSURED. THE COMPANY'S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS COMMITMENT TO ANY OTHER PERSON. COMMITMENT TO ISSUE POLICY Subject to the Notice; Schedule B, Part I—Requirements; Schedule B, Part II—Exceptions; and the Commitment Conditions, First American Title Insurance Company, a Nebraska Corporation (the "Company"), commits to issue the Policy according to the terms and provisions of this Commitment. This Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the Proposed Amount of Insurance and the name of the Proposed Insured. If all of the Schedule B, Part I—Requirements have not been met within six months after the Commitment Date, this Commitment terminates and the Company's liability and obligation end. FIR TAMERI AN TITLE INSURANCE COMPANY L* 6Sally President Lisa VJ. Cornehl. Secretary This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 15 of 18 ' First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) COMMITMENT CONDITIONS 1. DEFINITIONS a. "Discriminatory Covenant": Any covenant, condition, restriction, or limitation that is unenforceable under applicable law because it illegally discriminates against a class of individuals based on personal characteristics such as race, color, religion, sex, sexual orientation, gender identity, familial status, disability, national origin, or other legally protected class. b. "Knowledge" or "Known": Actual knowledge or actual notice, but not constructive notice imparted by the Public Records. C. "Land": The land described in Item 5 of Schedule A and improvements located on that land that by State law constitute real property. The term "Land" does not include any property beyond that described in Schedule A, nor any right, title, interest, estate, or easement in any abutting street, road, avenue, alley, lane, right-of-way, body of water, or waterway, but does not modify or limit the extent that a right of access to and from the Land is to be insured by the Policy. d. "Mortgage": A mortgage, deed of trust, trust deed, security deed, or other real property security instrument, including one evidenced by electronic means authorized by law. e. "Policy": Each contract of title insurance, in a form adopted by the American Land Title Association, issued or to be issued by the Company pursuant to this Commitment. f. "Proposed Amount of Insurance": Each dollar amount specified in Schedule A as the Proposed Amount of Insurance of each Policy to be issued pursuant to this Commitment. g. 'Proposed Insured": Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment. h. "Public Records": The recording or filing system established under State statutes in effect at the Commitment Date under which a document must be recorded or filed to impart constructive notice of matters relating to the Title to a purchaser for value without Knowledge. The term "Public Records" does not include any other recording or filing system, including any pertaining to environmental remediation or protection, planning, permitting, zoning, licensing, building, health, public safety, or national security matters. i. 'State": The state or commonwealth of the United States within whose exterior boundaries the Land is located. The term "State" also includes the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and Guam. j. 'Title": The estate or interest in the Land identified in Item 3 of Schedule A. 2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in the Commitment to Issue Policy, this Commitment terminates and the Company's liability and obligation end. 3. The Company's liability and obligation is limited by and this Commitment is not valid without: a. the Notice; b. the Commitment to Issue Policy; C. the Commitment Conditions; This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 16 of 18 ' First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) d. Schedule A; e. Schedule B, Part I—Requirements; and f. Schedule B, Part II—Exceptions; and g. a counter-signature by the Company or its issuing agent that may be in electronic form. 4. COMPANY'S RIGHT TO AMEND The Company may amend this Commitment at any time. If the Company amends this Commitment to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records prior to the Commitment Date, any liability of the Company is limited by Commitment Condition 5. The Company is not liable for any other amendment to this Commitment. S. LIMITATIONS OF LIABILITY a. The Company's liability under Commitment Condition 4 is limited to the Proposed Insured's actual expense incurred in the interval between the Company's delivery to the Proposed Insured of the Commitment and the delivery of the amended Commitment, resulting from the Proposed Insured's good faith reliance to: i. comply with the Schedule B, Part I—Requirements; ii. eliminate, with the Company's written consent, any Schedule B, Part II—Exceptions; or iii. acquire the Title or create the Mortgage covered by this Commitment. b. The Company is not liable under Commitment Condition 5.a. if the Proposed Insured requested the amendment or had Knowledge of the matter and did not notify the Company about it in writing. C. The Company is only liable under Commitment Condition 4 if the Proposed Insured would not have incurred the expense had the Commitment included the added matter when the Commitment was first delivered to the Proposed Insured. d. The Company's liability does not exceed the lesser of the Proposed Insured's actual expense incurred in good faith and described in Commitment Condition 5.a. or the Proposed Amount of Insurance. e. The Company is not liable for the content of the Transaction Identification Data, if any. f. The Company is not obligated to issue the Policy referred to in this Commitment unless all of the Schedule B, Part I—Requirements have been met to the satisfaction of the Company. g. The Company's liability is further limited by the terms and provisions of the Policy to be issued to the Proposed Insured. 6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT; CHOICE OF LAW AND CHOICE OF FORUM a. Only a Proposed Insured identified in Schedule A, and no other person, may make a claim under this Commitment. b. Any claim must be based in contract under the State law of the State where the Land is located and is restricted to the terms and provisions of this Commitment. Any litigation or other proceeding brought by the Proposed Insured against the Company must be filed only in a State or federal court having jurisdiction. C. This Commitment, as last revised, is the exclusive and entire agreement between the This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 17 of 18 ' First American Y � Commitment for Title Insurance } r Idaho-2021 v.01.00(07-01-2021) parties with respect to the subject matter of this Commitment and supersedes all prior commitment negotiations, representations, and proposals of any kind, whether written or oral, express or implied, relating to the subject matter of this Commitment. d. The deletion or modification of any Schedule B, Part II—Exception does not constitute an agreement or obligation to provide coverage beyond the terms and provisions of this Commitment or the Policy. e. Any amendment or endorsement to this Commitment must be in writing and authenticated by a person authorized by the Company. f. When the Policy is issued, all liability and obligation under this Commitment will end and the Company's only liability will be under the Policy. 7. IF THIS COMMITMENT IS ISSUED BY AN ISSUING AGENT The issuing agent is the Company's agent only for the limited purpose of issuing title insurance commitments and policies. The issuing agent is not the Company's agent for closing, settlement, escrow, or any other purpose. S. PRO-FORMA POLICY The Company may provide, at the request of a Proposed Insured, a pro-forma policy illustrating the coverage that the Company may provide. A pro-forma policy neither reflects the status of Title at the time that the pro-forma policy is delivered to a Proposed Insured, nor is it a commitment to insure. 9. CLAIMS PROCEDURES This Commitment incorporates by reference all Conditions for making a claim in the Policy to be issued to the Proposed Insured. Commitment Condition 9 does not modify the limitations of liability in Commitment Conditions 5 and 6. 10. CLASS ACTION ALL CLAIMS AND DISPUTES ARISING OUT OF OR RELATING TO THIS COMMITMENT, INCLUDING ANY SERVICE OR OTHER MATTER IN CONNECTION WITH ISSUING THIS COMMITMENT, ANY BREACH OF A COMMITMENT PROVISION, OR ANY OTHER CLAIM OR DISPUTE ARISING OUT OF OR RELATING TO THE TRANSACTION GIVING RISE TO THIS COMMITMENT, MUST BE BROUGHT IN AN INDIVIDUAL CAPACITY. NO PARTY MAY SERVE AS PLAINTIFF, CLASS MEMBER, OR PARTICIPANT IN ANY CLASS OR REPRESENTATIVE PROCEEDING. ANY POLICY ISSUED PURSUANT TO THIS COMMITMENT WILL CONTAIN A CLASS ACTION CONDITION. 11. ARBITRATION The Policy contains an arbitration clause. All arbitrable matters when the Proposed Amount of Insurance is $2,000,000 or less may be arbitrated at the election of either the Company or the Proposed Insured as the exclusive remedy of the parties. A Proposed Insured may review a copy of the arbitration rules at http://www.alta.org/arbitration. This page is only a part of a 2021 AL TA Commitment for Title Insurance issued by First American Title Insurance Company. This Commitment is not valid without the Notice,-the Commitment to Issue Policy;the Commitment Conditions,•Schedule A;Schedule B, Part I—Requirements;and Schedule B,Part II—Exceptions;and a counter-signature by the Company or its issuing agent that may be in electronic form. *Copyright 2025 First American Financial Corporation.All rights reserved. All information,data,and material created or compiled by or on behalf of First American Financial Corporation is restricted and may not be copied or used for derivative products/services without the prior express written permission of First American Financial Corporation. **Copyright 2021 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. Form 50123416(5-18-22) Page 18 of 18