2017 Commitment Package (002)pioneertitleco.com
July 18, 2017
Order No.: 627869
RE: El Dorado Business Campus Parcels, 2971 East Goldstone Drive, Meridian, ID 83642
Dear Valued Customer,
Thank you for giving Pioneer Title Company the opportunity to serve you. We appreciate your
business and will strive to merit the confidence you have shown in us. Please find attached your
title commitment. In it, you’ll find your preliminary title report with supporting documentation
related to the property at El Dorado Business Campus Parcels, 2971 East Goldstone Drive.
Should you have any questions regarding the documents contained herein including concerns
related to exceptions, legal descriptions, or vesting, please contact any one of your Pioneer Title
Company team members:
Escrow Officer
Carrie Homburg
Ph: (208) 442-4807
Email: chomburg@pioneertitleco.com
Title Officer
Mark Anderson
Ph: (208) 373-3666
Email: manderson@pioneertitleco.com
Best Regards,
Your Pioneer Title Co. Team
File No. 627869
Please review the following questions and contact your Escrow Officer or Title Officer if the answer to
any is “Yes.”
Are any principals using a Power of Attorney?
Are any of the parties in title incapacitated or deceased?
Has a change in marital status occurred for any of the principals?
Is the property now vested, or will the property be transferred, to a new trust, partnership, or
corporation?
Has any construction or remodeling been done to the property in the last 90 days?
Escrow Officer
Carrie Homburg
Ph: (208) 442-4807
Email: chomburg@pioneertitleco.com
Title Officer
Mark Anderson
Ph: (208) 373-3666
Email: manderson@pioneertitleco.com
Property Address:El Dorado Business Campus Parcels, 2971 East Goldstone Drive, Meridian, ID
83642
Buyer/Borrower:Sundance Investment, L.L.L.P.
Seller:Kimball Properties Limited Partnership
This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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.
ALTA Commitment for Title Insurance Page 1 of 17
ALTA Commitment for Title Insurance
Issued By Old Republic National 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, Old Republic National Title
Insurance Company, a Florida 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 Policy Amount and the name of the Proposed Insured.
If all of the Schedule B, Part I—Requirements have not been met within 6 months after the Commitment Date, this Commitment terminates and the
Company’s liability and obligation end.
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY
A Stock Company
400 Second Avenue South, Minneapolis, Minnesota 55401
(612) 371-1111
Issued By:
Pioneer Title Company of Ada County
8151 W. Rifleman Street
Boise, ID 83704
Authorized Agent for Old Republic National
Title Insurance Company
Authorized Signatory
This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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.
ALTA Commitment for Title Insurance Page 2 of 17
COMMITMENT CONDITIONS
1. DEFINITIONS
(a)“Knowledge” or “Known”: Actual or imputed knowledge, but not constructive notice imparted by the Public Records.
(b)“Land”: The land described in Schedule A and affixed improvements that by law constitute real property. The term “Land” does not
include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting
streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and
from the Land is to be insured by the Policy.
(c)“Mortgage”: A mortgage, deed of trust, or other security instrument, including one evidenced by electronic means authorized by
law.
(d)“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.
(e)“Proposed Insured”: Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant
to this Commitment.
(f)“Proposed Policy Amount”: Each dollar amount specified in Schedule A as the Proposed Policy Amount of each Policy to be
issued pursuant to this Commitment.
(g)“Public Records”: Records established under state statutes at the Commitment Date for the purpose of imparting constructive
notice of matters relating to real property to purchasers for value and without Knowledge.
(h)“Title”: The estate or interest described in 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;
(d)Schedule A;
(e)Schedule B, Part I—Requirements;
(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 shall not be liable for any other amendment to this Commitment.
5.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 shall not be 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 will only have liability 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 shall not exceed the lesser of the Proposed Insured’s actual expense incurred in good faith and
described in Commitment Conditions 5(a)(i) through 5(a)(iii) or the Proposed Policy Amount.
(e)The Company shall not be liable for the content of the Transaction Identification Data, if any.
(f)In no event shall the Company be 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.
This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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.
ALTA Commitment for Title Insurance Page 3 of 17
(g)In any event, the Company’s liability is limited by the terms and provisions of the Policy.
6.LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT
(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 and must be restricted solely to the terms and provisions of this Commitment.
(c)Until the Policy is issued, this Commitment, as last revised, is the exclusive and entire agreement between the 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 HAS BEEN 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 the purpose of providing closing or settlement services.
8.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. ARBITRATION
The Policy contains an arbitration clause. All arbitrable matters when the Proposed Policy Amount is $2,000,000 or less shall be arbitrated
at the option 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 2016 ALTA Commitment for Title Insurance. 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.
ALTA Commitment for Title Insurance Page 4 of 17
Title Insurance Commitment
Policy Issuing Agent For:
Old Republic National Title Insurance Company
File No.: 627869
Reference No.:
Schedule A
1.Effective Date: July 12, 2017 5:35PM
2.Policy or Policies to be issued:
Liability Premium
A.2006 ALTA Owner’s Policy - Standard
Proposed Insured: Sundance Investment, L.L.L.P., an Idaho
limited liability limited partnership
$6,277,800.00 $12,584.00
Endorsements: N/A $0.00
B.2006 ALTA Lender’s Policy - Extended
Proposed Insured: $4,777,800.00 $3,176.00
Endorsements: 22-06,8.2-06,9-06
Inspection Fee: N/A
$90.00
$0.00
3.The estate or interest in the land described or referred to in this Commitment is:
FEE SIMPLE
4.Title to the estate or interest in the land is at the Effective Date vested in:
Kimball Properties Limited Partnership, an Idaho limited partnership
5.The land referred to in this Commitment is described as follows:
SEE EXHIBIT A ATTACHED HERETO AND MADE A PART HEREOF.
Old Republic National Title Insurance Company
Authorized Signatory
This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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.
ALTA Commitment for Title Insurance Page 5 of 17
File No.: 627869 Reference No.:
Schedule B-I
ALTA COMMITMENT
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.N/A
This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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.
ALTA Commitment for Title Insurance Page 6 of 17
File No.: 627869 Reference No.:
Schedule B-II
ALTA COMMITMENT
Exceptions
THIS COMMITMENT DOES NOT REPUBLISH ANY COVENANT, CONDITION, RESTRICTION, OR
LIMITATION CONTAINED IN ANY DOCUMENT REFERRED TO IN THIS COMMITMENT TO THE
EXTENT THAT THE SPECIFIC COVENANT, CONDITION, RESTRICTION, OR LIMITATION
VIOLATES STATE OR FEDERAL LAW BASED ON RACE, COLOR, RELIGION, SEX, SEXUAL
ORIENTATION, GENDER IDENTITY, HANDICAP, FAMILIAL STATUS, OR NATIONAL ORIGIN.
The Policy will not insure against loss or damage resulting from the terms and provisions of any lease or
easement identified in Schedule A, and will include the following Exceptions unless cleared to the satisfaction
of the Company:
General Exceptions:
1.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.
2.Rights or claims of parties in possession not shown by the public records.
3.Encroachments, overlaps, boundary line disputes, and any other matters which would be disclosed by an
accurate survey or inspection of the premises including, but not limited to, insufficient or impaired access or
matters contradictory to any survey plat shown by the public records.
4.Easements, or claims of easements, not shown by the public records.
5.Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law
and not shown by the public records.
6.(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.
7.Taxes or special assessments which 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. Proceedings by a public agency which
may result in taxes or assessments, or notices to such proceedings, whether or not shown by the records of
such agency or by the public records.
(General Exceptions 1 through 7 will not appear as printed Exceptions on Extended Coverage Policies or the
ALTA Homeowners Policy)
This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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.
ALTA Commitment for Title Insurance Page 7 of 17
Special Exceptions:
8.General taxes for the year 2017, which are liens and are not yet due and payable.
Parcel No.:03 R1022760090
Said taxes affect Parcel I
General taxes for the year 2017, which are liens and are not yet due and payable.
Parcel No.:03 R1022760200
Said taxes affect Parcel II
General taxes for the year 2017, which are liens and are not yet due and payable.
Parcel No.:03 R1022760130
Said taxes affect Parcel III
General taxes for the year 2017, which are liens and are not yet due and payable.
Parcel No.:03 R1022760142
Said taxes affect Parcel IV
General taxes for the year 2017, which are liens and are not yet due and payable.
Parcel No.:03 R1022760152
Said taxes affect Parcel V
General taxes for the year 2017, which are liens and are not yet due and payable.
Parcel No.:03 R1022760172
Said taxes affect Parcel VI
General taxes for the year 2017, which are liens and are not yet due and payable.
Parcel No.:03 R1022770010
Said taxes affect Parcel VII
General taxes for the year 2017, which are liens and are not yet due and payable.
Parcel No.:03 R1022760301
Said taxes affect Parcel VIII
General taxes for the year 2017, which are liens and are not yet due and payable.
Parcel No.:03 R1022760310
Said taxes affect Parcel IX
General taxes for the year 2017, which are liens and are not yet due and payable.
Parcel No.:03 R1022760351
Said taxes affect Parcel X
9.Real property taxes which may be assessed, levied against this land and extended on any subsequent roll with
respect property sold or constructed upon by the developer during the year which may have had an exemption
applied and escaped assessment on the regular assessment roll, which are not yet due and payable. Said
assessments will be prorated to the beginning of the quarter in which the land was sold or constructed upon by
the developer in regards to removal of any exemptions, pursuant to IC 63-602Y.
10.Sewer charges and special assessments, if any, for the City of Meridian.
Email:assessment@meridiancity.org
Ph:(208) 888-4433
This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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.
ALTA Commitment for Title Insurance Page 8 of 17
11.Liens and assessments of the following district and the rights and powers thereof as provided by law.
District:Nampa & Meridian Irrigation District
Ph:(208) 466-7861
12.An easement containing certain terms, conditions and provisions affecting a portion of said premises and for
the purposes stated herein
In Favor of:Ada County Highway District
Recorded:February 10, 1988
Instrument No.:8806263
Affects:Parcels VIII, IX and X
13.An easement containing certain terms, conditions and provisions affecting a portion of said premises and for
the purposes stated herein
For:Power line easement
In Favor of:Idaho Power Company, an Idaho corporation
Recorded:March 25, 2002
Instrument No.:102034569
Affects:Parcels VIII, IX, and X
14.Terms, conditions, and provisions of Sewer Line Late Comers Agreement
Between:G. L. Voigt Development Co., an Idaho Corporation and City of Meridian
Dated:August 6, 2002
Recorded:August 8, 2002
Instrument No.:102089624
15.Ordinance No. 03-1003 by City of Meridian upon the terms and provisions set forth therein.
Recorded:February 7, 2003
Instrument No.:103020829
16.Terms, conditions, and provisions of Construction Contract for Urban Irrigation System in Bonito
Subdivision Agreement
Between:Kimball Properties Limited Partnership, an Idaho limited partnership and Nampa
Meridian Irrigation District (466-7861)
Dated:May 6, 2003
Recorded:May 12, 2003
Instrument No.:103078534
17.Covenants, Conditions, Restrictions, Reservations, and Easements
Dated:October 20, 2003
Executed by:Kimball Properties Limited Partnership
Recorded:October 20, 2003
Instrument No.:103178973
Deleting or omitting any covenant, condition or restriction indicating a preference, limitation or
discrimination based on race, color, religion, sex, handicap, familial status, or national origin to the extent
such covenants, conditions or restrictions violate 42 USC 3604(c).
18.Liens, dues and/or assessments owing the association herein named which may have heretofore attached
pursuant to the terms and provisions of covenants, conditions and restrictions imposed upon said premises.
Association:The El Dorado Owner's Association
19.Covenants, conditions, restrictions and easements as set forth on the face of the plat.
Resolution of Partial Vacation of Irrigation Easement
Recorded: October 31, 2005
Instrument No.: 105164069
This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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.
ALTA Commitment for Title Insurance Page 9 of 17
20.Covenants, Conditions, Restrictions, Reservations, and Easements
Dated:October 20, 2003
Executed by:Kimball Properties Limited Partnership, an Idaho limited partnership
Recorded:October 20, 2003
Instrument No.:103178974
Deleting or omitting any covenant, condition or restriction indicating a preference, limitation or
discrimination based on race, color, religion, sex, handicap, familial status, or national origin to the extent
such covenants, conditions or restrictions violate 42 USC 3604(c).
21.Memorandum of Approval upon the terms, conditions and provisions contained therein:
By: El Dorado Development Review Committee
Dated:October 20, 2003
Recorded:October 20, 2003
Instrument No.:103178975
22.An easement containing certain terms, conditions and provisions affecting a portion of said premises and for
the purposes stated therein
By:Kimball Properties Limited Partnership, an Idaho general partnership
Recorded:February 5, 2004
Instrument No.:104013761
Affects:Parcels IX and X
23.Covenants, Conditions, Restrictions, Reservations, and Easements
Dated:February 5, 2004
Executed by:Kimball Properties Limited Partnership
Recorded:February 5, 2004
Instrument No.:104013762
Deleting or omitting any covenant, condition or restriction indicating a preference, limitation or
discrimination based on race, color, religion, sex, handicap, familial status, or national origin to the extent
such covenants, conditions or restrictions violate 42 USC 3604(c).
24.Memorandum of Approval upon the terms, conditions and provisions contained therein:
By: El Dorado Development Review Committee
Dated:February 5, 2004
Recorded:February 5, 2004
Instrument No.:104013763
25.Memorandum of Approval upon the terms, conditions and provisions contained therein:
By: El Dorado Development Review Committee
Dated:April 23, 2007
Recorded:April 23, 2004
Instrument No.:104049376
26.An easement containing certain terms, conditions and provisions affecting a portion of said premises and for
the purposes stated therein
In Favor of:City of Meridian
Recorded:July 14, 2004
Instrument No.:104088785
Affects:Parcel IX
This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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.
ALTA Commitment for Title Insurance Page 10 of 17
27.An easement containing certain terms, conditions and provisions affecting a portion of said premises and for
the purposes stated therein
In Favor of:Owners, Lessees, Invitees, Licensees and other Permitees
Recorded:October 25, 2004
Instrument No.:104135752
28.An easement containing certain terms, conditions and provisions affecting a portion of said premises and for
the purposes stated therein
In Favor of:City of Meridian
Recorded:March 23, 2005
Instrument No.:105034661
29.An easement containing certain terms, conditions and provisions affecting a portion of said premises and for
the purposes stated therein
In Favor of:City of Meridian
Recorded:April 20, 2006
Instrument No.:106060852
Affects:A portion of Parcel X and other lands
30.An easement containing certain terms, conditions and provisions affecting a portion of said premises and for
the purposes stated therein
In Favor of:City of Meridian
Recorded:August 24, 2006
Instrument No.:106137046
Affects:City of Meridian
31.An easement containing certain terms, conditions and provisions affecting a portion of said premises and for
the purposes stated therein
In Favor of:Idaho Power Company, a corporation
Recorded:August 6, 2007
Instrument No.:107111405
Affects:Parcel V
32.Matters disclosed by Record of Survey
Survey No.:6377
Recorded:January 7, 2004
Instrument No.:104001688
33.Matters disclosed by Record of Survey
Survey No.:7495
Recorded:August 3, 2006
Instrument No.:106124938
34.Matters disclosed by Record of Survey
Survey No.:7979
Recorded:July 13, 2007
Instrument No.:107099408
35.An easement containing certain terms, conditions and provisions affecting a portion of said premises and for
the purposes stated therein
In Favor of:Property Owners
Recorded:August 29, 2014
Instrument No.:2014-070739
Affects:Parcels III, V and VI
This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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.
ALTA Commitment for Title Insurance Page 11 of 17
36.An easement containing certain terms, conditions and provisions affecting a portion of said premises and for
the purposes stated therein
In Favor of:Parcel Owner
Recorded:August 29, 2014
Instrument No.:2014-070740
Affects:Parcel II
37.An easement containing certain terms, conditions and provisions affecting a portion of said premises and for
the purposes stated therein
In Favor of:Property Owners
Recorded:February 20, 2015
Instrument No.:2015-013056
Affects:Parcel II
38.Subject to those additional items which may be required by Old Republic National Title Insurance Company,
following a review of this report.
39.Possible matters relating to Exceptions 1 - 7 herein, in connection with any Extended Coverage Policy shown
in Schedule A to be issued. Adverse matters, if any, as disclosed by our inspection of the premises will be
shown in a supplemental report to this Commitment, or on an updated Commitment, and will be shown as
Special Exceptions in any Policy to be issued cleared to the satisfaction of the Company.
End of Exceptions
NOTE: The County Records and/or the City Engineer’s Office show the address to be:
El Dorado Business Campus Parcels, 2971 East Goldstone Drive, Meridian, ID 83642
NOTE: There is no notice of record and therefore no search has been made for any unpaid assessments,
charges, or fees for sewer, water, garbage, irrigation, or other possible utility services.
NOTE: If the proposed insured under the Policy to issue has any questions concerning the coverage or
exclusions from coverage, the Company will be pleased to provide an explanation.
NOTE: Pursuant to the State of Idaho insurance regulations, a cancellation fee is to be charged on all
cancelled orders. Unless otherwise advised, orders will be considered cancelled six months after the effective
date on the Commitment. The amount of the fee assessed shall be in accordance with our rate filing with the
Idaho Department of Insurance.
This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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.
ALTA Commitment for Title Insurance Page 12 of 17
EXHIBIT A
PARCEL I:
Lot 9 in Block 1 of Bonito Subdivision, according to the plat thereof, filed in Book 86 of Plats at Pages 9783-
9788, records of Ada County, Idaho.
PARCEL II:
Lot 3 in Block 3 of Bonito Subdivision, according to the plat thereof, filed in Book 86 of Plats at Pages 9783-
9788, records of Ada County, Idaho.
PARCEL III:
Lot 2 in Block 2 of Bonito Subdivision, according to the plat thereof, filed in Book 86 of Plats at Pages 9783-
9788, records of Ada County, Idaho.
PARCEL IV:
DESCRIPTION FOR BONITO SUBDIVISION PARCEL "C" OF R.O.S. NO. 7979:
A parcel of land being a portion of Lot 3 in Block 2 of Bonito Subdivision, located in the SE1/4 of the NE1/4
of Section 20, Township 3 North, Range 1 East, Boise Meridian, City of Meridian, Ada County, Idaho, being
more particularly described as follows:
Commencing at the Northeast corner of Lot 6 in Block 2 of Bonito Subdivision as recorded in Book 86 of
Plats at Page 9785, in the Ada County Recorder's Office, which is also the Northwest corner of Parcel "C",
the REAL POINT OF BEGINNING of this description;
Thence 199.26 feet along a non-tangent curve to the right said curve having a radius of 711.08 feet, a delta
angle of 16°03'20", a tangent length of 100.29 feet, and a chord which bears S65°44'02"E for a distance of
198.61 feet to the Northeast corner of said Parcel "C";
thence S00°15'14"W, 346.13 feet to the Southeast corner of said Parcel "C";
thence N71°22'08"W, 316.02 feet to the Southwest corner of said Parcel "C";
thence N20°09'10"E, 348.10 feet to the REAL POINT OF BEGINNING.
PARCEL V:
DESCRIPTION FOR BONITO SUBDIVISION PARCEL "D" OF R.O.S. NO. 7979:
A parcel of land being a portion of Lots 3 and 4 in Block 2 of Bonito Subdivision, located in the SE1/4 of the
NE1/4 of Section 20, Township 3 North, Range 1 East, Boise Meridian, City of Meridian, Ada County, Idaho,
being more particularly described as follows:
Commencing at the Northeast corner of Lot 6 in Block 2 of Bonito Subdivision as recorded in Book 86 of
Plats at Page 9785, in the Ada County Recorder's Office, thence S20°09'10"W 348.10 feet to the Northwest
corner of Parcel "D", the REAL POINT OF BEGINNING of this description;
thence S71°22'08"E, 316.02 feet the Northeast corner of said Parcel "D";
thence S00°35'59"E, 273.33 feet to a point of curvature, the Southeast corner of Parcel "D";
thence 438.66 feet along a non-tangent curve to the left said curve having a radius of 537.00 feet, a delta angle
of 46°48'12", a tangent length of 232.40 feet, and a chord which bears N83°48'58"W for a distance of 426.57
feet to a point on a curve;
thence S72°46'57"W, 12.84 feet to the Southwest corner of said Parcel "D";
This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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.
ALTA Commitment for Title Insurance Page 13 of 17
thence N21°58'34"E, 358.15 feet to the REAL POINT OF BEGINNING;
PARCEL VI:
DESCRIPTION FOR BONITO SUBDIVISION PARCEL "B" OF R.O.S. NO.
7979:
A parcel of land being a portion of Lots 3 and 6 in Block 2 of Bonito Subdivision, located in the SE1/4 of the
NE1/4 of Section 20, Township 3 North, Range 1 East, Boise Meridian, City of Meridian, Ada County, Idaho,
being more particularly described as follows:
Commencing at the Northeast corner of Lot 6 in Block 2 of Bonito Subdivision as recorded in Book 86 of
Plats at Page 9785, in the Ada County Recorder's Office, which also the Northeast corner of Parcel "B", the
REAL POINT OF BEGINNING of this description;
thence S20°09'10"W, 348.10 feet to the Southeast corner of said Parcel "B";
thence N71°22'07"W, 281.25 feet to a point on a curve being the Southwest corner of said Parcel "B";
thence 292.35 feet along a non-tangent curve to the left said curve having a radius of 2037.00 feet, a delta
angle of 08°13'23", a tangent length of 146.42 feet, and a chord which bears N17°14'35"E for a distance of
292.10 feet to a point;
thence N59°54'38"E, 31.38 feet to a point;
thence S78°33'05"E, 219.37 feet to a point of curvature;
thence 59.44 feet along a non-tangent curve to the right said curve having a radius of 710.59 feet, a delta
angle of 04°47'34", a tangent length of 29.74 feet, and a chord which bears S76°09'21"E for a distance of
59.42 feet to the REAL POINT OF BEGINNING.
PARCEL VII:
Lot 7 in Block 4 of Bonito Subdivision No. 2, according to the plat thereof, filed in Book 92 of Plat at Pages
10877 thru 10879, records of Ada County, Idaho.
PARCEL VIII:
A parcel of land being part of Lots 3 and 7 in Block 5 of said Bonito Subdivision, which parcel also all of
Parcel C of Record of Survey No. 6377 recorded as Instrument No. 104001688 in the records of Ada County,
Idaho, and which parcel is more particularly described as follows:
Commencing at the Southwest corner of said Lot 3; thence
North 00°00'00" East 312.89 feet to a point; thence
North 90°00'00" West 9.76 feet to a point; thence
North 00°00'00" East 82.14 feet to a point; thence
South 90°00'00" East 173.69 feet to a point; thence
South 00°14'00" West 82.14 feet to a point; thence
South 90°00'00" East 110.00 feet to a point; thence
South 00°00'00" West 373.80 feet to a point; thence
North 73°24'00" West 115.88 feet to a point of curve; thence along a curve to the left, said curve having a
central angle of 13°47'09", a radius of 687.00 feet, and a long chord bearing North 80°17'34" West 164.90
feet to the POINT OF BEGINNING.
This page is only a part of a 2016 ALTA Commitment for Title Insurance. 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.
ALTA Commitment for Title Insurance Page 14 of 17
PARCEL IX:
A parcel of land being part of Lots 4 and 6 in Block 5 of said Bonito Subdivision, which parcel is also all of
Parcel B of Record of Survey No. 7495 recorded as Instrument No. 106124938 in the records of Ada County,
Idaho, and which parcel is more particularly described as follows:
Commencing at the Southeast corner of said Lot 4; thence along a curve to the left, said curve having a central
angle of 8°44'44", a radius of 687.00 feet, and a long chord bearing South 88°26'29" West 104.76 feet to a
point; thence
North 09°27'24" West 63.11 feet to a point; thence
North 84°06'38" West 160.05 feet to a point of curve; thence
along a curve to the left, said curve having a central angle of 2°03'31", a radius of 2,037.00 feet, and a long
chord bearing North 17°31'10" West 73.18 feet to a point; thence
North 18°32'55" West 108.43 feet to a point of curve; thence
along a curve to the right, said curve having a central angle of 2°57'27", a radius of 663.00 feet, and a long
chord bearing North 17°04'12" West 34.22 feet to a point; thence
North 74°24'32" East 118.20 feet to a point; thence
South 90°00'00" East 63.53 feet to a point; thence
North 00°00'00" East 13.43 feet to a point; thence
North 58°40'26" East 25.99 feet to a point; thence
South 90°00'00" East 131.53 feet to a point; thence
South 00°00'00" West 26.94 feet to a point; thence
North 90°00'00" East 9.76 feet to a point; thence
South 00°00'00" West 312.89 feet to the POINT OF BEGINNING.
PARCEL X:
A parcel of land being part of Lot 8 in Block 5 of said Bonito Subdivision, which parcel is also all of Parcel B
of Record of Survey No. 6377 recorded as Instrument No. 104001688 in records of Ada County, Idaho, and
which parcel is more particularly described as follows:
Commencing at the Northeast corner of said Lot 8; thence
South 89°46'25" West 148.72 feet to a point; thence
South 00°14'00" West 210.81 feet to a point; thence
North 90°00'00" West 11.93 feet to a point; thence
South 00°14'00" West 82.14 feet to a point; thence
South 90°00'00" East 161.85 feet to a point; thence
North 00°00'00" East 293.54 feet to the POINT OF BEGINNING.
Why?
Financial companies choose how they share your personal information. Federal law gives consumers
the right to limit some but not all sharing. Federal law also requires us to tell you how we collect,
share, and protect your personal information. Please read this notice carefully to understand what
we do.
What?
The types of personal information we collect and share depend on the product or service
you have with us. This information can include:
•Social Security number and employment information
•Mortgage rates and payments and account balances
•Checking account information and wire transfer instructions
When you are no longer our customer, we continue to share your information as described in
this notice.
How?
All financial companies need to share customers’ personal information to run their everyday
business. In the section below, we list the reasons financial companies can share their customers’
personal information; the reasons Old Republic Title chooses to share; and whether you can limit
this sharing.
Reasons we can share your personal information Does Old Republic
Title share?
Can you limit
this sharing?
For our everyday business purposes — such as to process your
transactions, maintain your account(s), or respond to court orders and
legal investigations, or report to credit bureaus
Yes No
For our marketing purposes —
to offer our products and services to you No We don’t share
For joint marketing with other financial companies No We don’t share
For our affiliates’ everyday business purposes —
information about your transactions and experiences Yes No
For our affiliates’ everyday business purposes —
information about your creditworthiness No We don’t share
For our affiliates to market to you No We don’t share
For non-affiliates to market to you No We don’t share
Page 2
Who we are
Who is providing this notice?Companies with an Old Republic Title name and other affiliates. Please see below
for a list of affiliates.
What we do
How does Old Republic Title
protect my personal
information?
To protect your personal information from unauthorized access and use, we use
security measures that comply with federal law. These measures include computer
safeguards and secured files and buildings. For more information, visit
http://www.OldRepublicTitle.com/newnational/Contact/privacy.
How does Old Republic Title
collect my personal information?
We collect your personal information, for example, when you:
Give us your contact information or show your driver’s license
Show your government-issued ID or provide your mortgage information
Make a wire transfer
We also collect your personal information from others, such as credit bureaus,
affiliates, or other companies.
Why can’t I limit all sharing?Federal law gives you the right to limit only:
Sharing for affiliates’ everyday business purposes - information about your
creditworthiness
Affiliates from using your information to market to you
Sharing for non-affiliates to market to you
State laws and individual companies may give you additional rights to limit sharing. See
the "Other important information" section below for your rights under state law.
Definitions
Affiliates Companies related by common ownership or control. They can be financial and
nonfinancial companies.
•Our affiliates include companies with an Old Republic Title name, and financial
companies such as Attorneys’ Title Fund Services, LLC, Lex Terrae National Title
Services, Inc., Mississippi Valley Title Services Company, and The Title Company of
North Carolina.
Non-affiliates Companies not related by common ownership or control. They can be financial and
non-financial companies.
•Old Republic Title does not share with non-affiliates so they can market to you
Joint marketing A formal agreement between non-affiliated financial companies that together market
financial products or services to you.
•Old Republic Title doesn’t jointly market.
Page 3
Oregon residents only: We are providing you this notice under state law. We may share your
personal information (described on page one) obtained from you or others with non-affiliate service
providers with whom we contract, such as notaries and delivery services, in order to process your
transactions. You may see what personal information we have collected about you in connection
with your transaction (other than personal information related to a claim or legal proceeding). To see
your information, please click on "Contact Us" at www.oldrepublictitle.com and submit your written
request to the Legal Department. You may see and copy the information at our office or ask us to
mail you a copy for a reasonable fee. If you think any information is wrong, you may submit a
written request online to correct or delete it. We will let you know what actions we take. If you do
not agree with our actions, you may send us a statement.
Affiliates Who May be De livering This Notice
American First Abstract, LLC American First Title & Trust
Company
American Guaranty Title
Insurance Company
Attorneys' Title Fund
Services, LLC
Compass Abstract, Inc.
eRecording Partners
Network, LLC
Genesis Abstract, LLC Kansas City Management
Group, LLC
L.T. Service Corp.Lenders Inspection
Company
Lex Terrae National Title
Services, Inc.
Lex Terrae, Ltd.Mara Escrow Company Mississippi Valley Title
Services Company
National Title Agent's
Services Company
Old Republic Branch
Information Services, Inc.
Old Republic Diversified
Services, Inc.
Old Republic Exchange
Company
Old Republic National
Title Insurance Company
Old Republic Title and
Escrow of Hawaii, Ltd.
Old Republic Title Co.Old Republic Title Company
of Conroe
Old Republic Title Company
of Indiana
Old Republic Title
Company of Nevada
Old Republic Title
Company of Oklahoma
Old Republic Title Company
of Oregon
Old Republic Title Company
of St. Louis
Old Republic Title Company
of Tennessee
Old Republic Title
Information Concepts
Old Republic Title
Insurance Agency, Inc.
Old Republic Title, Ltd.Republic Abstract &
Settlement , LLC
Sentry Abstract Company The Title Company of
North Carolina
Title Services, LLC
Trident Land Transfer
Company, LLC