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HomeMy WebLinkAboutPZ - Warranty Deed R t i r First Arn rr ar7 rM Commitment for Title Insurance 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 Inquiries Should Be Directed To: Issuing Office: 2150 S Bonito Way, Ste 100 , Escrow Officer: Ruth Rubel, rrubel@firstam.com, Meridian, ID 83642 (208)321-5101 Issuing Office's ALTA@ Registry ID: Title Officer: May Lin Carlsen, mcarlsen@firstam.com, (208)321-5114 Commitment No.: 4125-4342811 Issuing Office File No.: 4125-4342811 Property Address: 120 N Nola Rd, Meridian, ID 83642 Parcel Number: S1108336200 Revision No.: SCHEDULE A 1. Commitment Date: January 08, 2026 at 7:30 AM 2. Policy to be issued: a. ALTA@ Standard Owner's Policy Proposed Insured: AREF Acquisitions, LLC, an Idaho limited liability company Proposed Amount of Insurance: $826,093.00 Premium Amount: $2,712.00 The estate or interest to be insured: See Item 3 below (Premium amount reflects $No Available credit) b. ALTA@ Extended Loan Policy Proposed Insured: Proposed Amount of Insurance: $0.00 Premium Amount: $ The estate or interest to be insured: See Item 3 below (Premium amount reflects $No Available credit) C. Endorsements: Premium Amount: $ 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: Apollo A. Scott, a single person 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 2026 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 11 #�*}i x M t#+r�� FrstArn ri an t1 rM Commitment for Title Insurance ^r' Idaho- 2021 v.01.00(07-01-2021) 5. The Land is described as follows: See Exhibit A attached hereto and made a part hereof First American Title Insurance Company —/�Y7 4�— C�V� May Lin Carlsen, Title Officer 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 2026 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 11 R t i r First Arn rr ar7 rM Commitment for Title Insurance Idaho- 2021 v.01.00(07-01-2021) 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 AREF Acquisitions, LLC, copies of the current operating agreement should be submitted prior to closing. 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 2026 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 11 R t i r First Arn rr ar7 rM Commitment for Title Insurance Idaho- 2021 v.01.00(07-01-2021) 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. 8. General and special taxes for the year 2025, in the original amount of$1,344.12, Code Area 242, A.P. No. S1108336200, First half paid, second half now due and payable, but not delinquent until after June 20, 2026. 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 2026 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 11 R t i r First Arn rr ar7 rM Commitment for Title Insurance Idaho- 2021 v.01.00(07-01-2021) 9. General and Special Taxes for the year 2026, an accruing lien not due or payable until the fourth Monday in November 2026 when the bills are issued, the first half of which is not delinquent until after December 20, 2026. 10. Any tax, fee, assessments or charges as may be levied by Ada County Trash Service. 11. Any tax, fee, assessments or charges as may be levied by Nampa Meridian Irrigation District. 12. Except mineral or water rights, claims or title to mineral or water. 13. Easement, including terms and provisions contained therein: Recording Information: Book 78 of Deeds at Page 67 In Favor of: Idaho Oregon light and Power Company For: public utilities 14. Easement, including terms and provisions contained therein: Recording Information: Book 20 of Misc at Page 189 In Favor of: Nampa and Meridian Irrigation District For: drain ditch 15. Easement, including terms and provisions contained therein: Recording Information: 355992 In Favor of: Idaho Power Company For: public utilities 16. Deed of Trust and the terms and conditions thereof. Grantor/Trustor: Apollo A Scott and Rhea A Scott, husband and wife Grantee/Beneficiary: ClearPath Lending Trustee: Stewart Title Company Amount: $370,000.00 Dated: October 21, 2022 Recorded: November 21, 2022 Recording Information: 2022-094403 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 2026 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 11 R t i r First Arn rr ar7 rM Commitment for Title Insurance 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 Deed, recorded January 7, 2026, as Instrument No. 2026-001148, 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. 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 2026 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 11 R t i r First Arn rr ar7 rM Commitment for Title Insurance Idaho- 2021 v.01.00(07-01-2021) EXHIBIT A The Land referred to herein below is situated in the County of Ada, State of Idaho, and is described as follows: This parcel is located within the East half of the Southwest quarter of the Southwest quarter of Section 8, Township 3 North, Range 1 East of the Boise Meridian, Ada County, Idaho and more particularly described as follows: Commencing at the Southwest corner of Section 8, Township 3 North, Range 1 East, thence North 8903700" East (basis of bearing Sparrowhawk Subdivision) along the South line of Section 8 a distance of 661.20 feet; thence North 0001'53" East (original deed call North 1008' West) along the centerline of East Nola Road, a distance of 284.11 feet to the Real Point of Beginning; thence South 85128'07" East (original deed call South 86138' East) along the Northwest line of Lot 3, Block 1 Sparrowhawk Subdivision, a distance of 331.00 feet; thence North 0101'53" East a distance of 227.23 feet to the South line of Locust Grove Industrial Park; thence along said South line South 8903718" West a distance of 329.98 feet to the centerline of East Nola Road; thence along said centerline South 0101'53" West a distance of 198.90 feet and back to the Point of Beginning. APN: S1108336200 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 2026 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 11 Fir tArn rr an ?1t1 7M Commitment for Title Insurance 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. FIRST AMERICAN TITLE INSURANCE COMPANY 7,0 6w--� 6Sally President Lisa l+V_ 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 2026 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 11 R t i r First Arn rr ar7 rM Commitment for Title Insurance 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 2026 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 11 R t i r First Arn rr ar7 rM Commitment for Title Insurance 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 2026 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 11 R t i r First Arn rr ar7 rM Commitment for Title Insurance 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 2026 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 11