Commitment for Title Insurance BY Schedule A First American Title Insurance Company THROUGH ITS AGENT Best Homes Title Agency, LLC 1. Commitment Date: 09/23/2016 at 8:00 AM Commitment No.: GRC-94850 2. Policy (or Policies) to be issued: Policy Amount a. ALTA Owner's Policy of Title Insurance (6-17-06) Proposed Insured: To be determined $TBD 3. Fee Simple interest in the land described in this Commitment is owned, at the Commitment Date by: Community Shores Mortgage Company, a Michigan corporation 4. The land referred to in this Commitment is described as follows: Situated in the Township of Buchanan, County of Berrien, State of Michigan *SEE ATTACHED LEGAL DESCRIPTION RIDER By: Authorized Countersignature Neil Sherman (This Schedule A valid only when Schedule B is attached) 4950 Plainfield Avenue NE, Grand Rapids, Michigan 49525 Telephone: (616) 885-9027 Facsimile: (616) 885-9033 Form 5011626-A(8/1/09) Page 1 of 6 ALTA Commitment (6-17-06) Michigan - Schedule A
LEGAL DESCRIPTION RIDER Situated in the Township of Buchanan, County of Berrien, State of Michigan Parcel G: That part of the Northwest fractional 1/4 of fractional Section 12, Town 7 North, Range 18 West, Buchanan Township, Berrien County, Michigan, which is described as: Beginning at a point which is 104.00 feet West of a point on the North and South 1/4 line of said Section, which is 1994.54 feet South (assumed bearing) of the North 1/4 post of said Section; thence South 144.14 feet; thence around a 67.00 foot radius curve to the left, all along the Westerly line of a private road, an arc distance of 79.97 feet to the end of a chord having a delta of 68 degrees 23 minutes 25 seconds, a bearing of South 22 degrees 17 minutes 02 seconds West, and a distance of 75.31 feet, thence South 64 degrees 09 minutes 44 seconds West, 621.00 feet to an intermediate traverse line along the St. Joseph River; thence North 31 degrees 25 minutes 01 seconds West, 15.45 feet; thence North 32 degrees 52 minutes 39 seconds West, 159.69 feet; thence North 28 degrees 19 minutes 59 seconds West, 92.30 feet; thence North 10 degrees 59 minutes 38 seconds West, 62.00 feet; thence North 51 degrees 20 minutes 25 seconds East, 12.81 feet; thence South 51 degrees 20 minutes 25 seconds East, 12.81 feet; thence South 19 degrees 43 minutes 36 second East, 64.66 feet; thence South 34 degrees 29 minutes 07 seconds East, 98.56 feet; thence South 38 degrees 56 minutes 22 seconds East, 114.85 feet; thence South 83 degrees 29 minutes 50 seconds East, 81.68 feet; thence North 12 degrees 42 minutes 29 seconds West, 142.33 feet; thence North 31 degrees 16 minutes 57 seconds West, 200.98 feet; thence North 71 degrees 59 minutes 29 seconds West, 42.24 feet; thence North 30 degrees 54 minutes 34 seconds West, all along said traverse line, 8.74 feet; thence North 81 degrees 05 mlnutes 24 seconds East 675.36 feet to the point of beginning. Also: All land lying between said intermediate traverse line and the waters edge of the St. Joseph River. Subject to and together with a 66 foot wide private roadway described below: Private Road Easement: That part of the Northwest fractional 1/4 of fractional Section 12, Town 7 South, Range 18 West, Buchanan Township, Berrien Township, Berrien County, Michigan, which is described as: Beginning at a point on the North line of said Section, which is 228.90 feet South 89 degrees 44 minutes 56 seconds West of the North 1/4 post of said Section; thence South 21 degrees 35 minutes 29 seconds West, 797.30 feet; thence around a 134.00 foot radius curve to the left, an arc distance of 142.08 feet to the end of a chord having a delta of 60 degrees 45 minutes 04 seconds, a bearing of South 08 degrees 47 mlnutes 03 seconds East, and a distance of 135.52 feet; thence South 39 degrees 09 mlnutes 34 seconds East, 248.27 feet; thence around a 1366.00 foot radius curve to the right, an arc distance of 933.61 feet to the end of a chord having a delta of 39 degrees 09 minutes 34 seconds, a bearing of South 19 degrees 34 minutes 47 seconds East, and a distance of 915.54 feet; thence South 202.74 feet; thence around a 67.00 foot radius curve to the right, an arc distance of 351.78 feet to the end of a chord having a delta of 300 degrees 49 minutes 54 seconds, a bearing of South 86 degrees 03 minutes 48 seconds West, and a distance of 66.16 feet; thence North 207.28 feet; thence around a 1300.00 foot radius curve to the left, an arc distance of 888.50 feet to the end of a chord having a delta of 39 degrecs 09 minutes 34 seconds, a bearing of North 19 degrees 34 minutes 47 seconds West and a distance of 871.3 feet; thence North 39 degrees 09 minutes 34 seconds West 248.27 feet; thence around a 200.00 foot radius curve to the right, an arc distance of 212.06 feet to the end of a chord having a delta of 60 degrees 45 minutes 04 seconds, a bearing of North 08 degrees 47 minutes 03 seconds West, and a distance of 202.27 feet; thence North 21 degrees 35 minutes 29 seconds East 770.84 feet to said North line of Section 12; thence North 89 degrces 44 minutes 56 seconds East, along said North line 71.10 feet to the point of beginning. Also an undivided 1/8 Interest In: Parcel 1 (Open Space) That part of the Northwest fractional 1/4 of fractional Section 12, Town 7 South, Range 18 West, Buchanan Township, Berrien County, Michigan, which is described as: Beginning at the North 1/4 post of said Section; thence South (assumed bearing) along the North and South 1/4 line of said Section, 1284.65 feet; thence West 66.30 feet; thence South 66.00 feet; thence East 66.00 fcet to said North and South 1/4 line; thence South along said 1/4 line, 843.89 feet; thence around a 67.00 foot radius curve to the right, an arc distance of 276.53 feet to the end of a chord having a delta of 236 degrees 28 minutes 45 seconds, a bearing of North 61 degrees 45 minutes 38 Form 5011626-A(8/1/09) Page 2 of 6 ALTA Commitment (6-17-06) Michigan - Schedule A
seconds West, and a distance of 118.05 feet; thence North 207.28 feet; thence around a 1300.00 foot radius curve to the left, an arc distance of 888.50 feet to the end of chord having a delta of 39 degrees 09 minutes 34 seconds, a bearing of North 19 degrees 34 minutes 47 seconds West, and a distance of 871.31 feet; thence North 39 degrees 09 minutes 34 seconds West, 248.27 feet; thence South 81 degrees 05 minutes 24 seconds West 63.74 feet; thence North 00 degrees 02 minutes 33 seconds East, 371.11 feet; thence South 89 degrees 44 minutes 56 seconds West, 235.00 feet; thence North 00 degrecs 02 minutes 33 seconds East, 452.78 feet; thence North 20 degrees 31 minutes 45 seconds East, 241.63 feet to the centerline of Lake Chapin Road; thence around a 300.00 foot radius curve to the left, an arc distance of 283.98 feet to the end of a chord having a delta of 54 degrees 14 minutes 08 seconds, a bearing of South 63 degrees 08 minutes 00 seconds East and a distance of 273.49 feet to the North line of said Section 12; thence North 89 degrees 44 minutes 56 seconds East, along said North line, 521.42 feet to the point of beginning. Form 5011626-A(8/1/09) Page 3 of 6 ALTA Commitment (6-17-06) Michigan - Schedule A
Commitment for Title Insurance BY Schedule BI First American Title Insurance Company THROUGH ITS AGENT Best Homes Title Agency, LLC REQUIREMENTS Commitment No.: GRC-94850 The following requirements must be satisfied: 1. Pay the agreed amounts for the Title and/or the mortgage to be insured. 2. Pay us the premiums, fees and charges for the policy. 3. Documents satisfactory to us creating the interest in the Land and/or the mortgagor to be insured must be signed, delivered and recorded: A. Submit "Affidavit by Owner". Additional requirements may be made or exceptions taken for matters disclosed therein. B. Provide evidence of the purchase price and/or the amount of the mortgage to be insured. C. When the proposed insured is identified, additional requirements and/or exceptions may be made. D. Submit to the Company a Resolution by the Board of Directors or Shareholders of Community Shores Mortgage Company, authorizing the sale and directing the proper officers to execute the deed on behalf of the Corporation. **NOTE: The above must be submitted to the Company for review before closing. The Company reserves the right to make further requirements and/or exceptions based upon examination of same. E. Warranty Deed from Community Shores Mortgage Company, a Michigan corporation to the proposed insured purchaser(s). F. Discharge(s) of the mortgage(s) excepted on Schedule B Section II. (In the event the loan is secured by a Mortgage allowing for advances of a credit line, please be advised that the borrower must authorize the lender to freeze the referenced credit line upon issuance of the payoff.) 4. You must tell us in writing the name of anyone not referred to in this commitment who will get an interest in the Land or who will make a loan on the Land. We may make additional requirements relating to the interest or the loan. 5. Pay unpaid taxes and assessments unless shown as paid. The amounts shown as unpaid do not include collection fees, penalties or interest. SEE ATTACHED TAX INFORMATION SHEET Form 5011626-BI (8/1/09) Page 4 of 6 ALTA Commitment (6-17-06) Michigan - Schedule BI
TAX INFORMATION SHEET The amounts shown as unpaid do not include collection fees, penalties or interest. 2015 Winter Taxes in the amount of $435.96 are Paid. 2016 Summer Taxes in the amount of $910.48 are Paid. Property Address: 13220 Lake Chapin Bank - Parcel G, Buchanan, Michigan 49107 Tax Parcel Number: 06-012-0014-10-5 2016 State Equalized Value: $23,800.00 Taxable Value: $23,800.00 Principal Residence Exemption: 0% School District: Buchanan Special Assessments: None 2015 Winter Taxes are Exempt. 2016 Summer Taxes are Exempt. Tax Parcel Number: 06-0012-0014-12-1 Principal Residence Exemption: 0% Assessed Address: common area School District: Buchanan Special Assessments: None Form 5011626-BI (8/1/09) Page 5 of 6 ALTA Commitment (6-17-06) Michigan - Schedule BI
Commitment for Title Insurance Schedule BII BY First American Title Insurance Company THROUGH ITS AGENT Best Homes Title Agency, LLC EXCEPTIONS Commitment No.: GRC-94850 The policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company: 1. Any discrepancies or conflicts in boundary lines, any shortages in area, or any encroachment or overlapping of improvements. 2. Any facts, rights, interests, or claims that are not shown by the Public Records but that could be ascertained by an inspection of the Land or that may be asserted by persons in possession of the Land. 3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records. 4. Any lien or right to lien for services, labor or material imposed by law and not shown by the public records. 5. Taxes and assessments not due and payable at Commitment Date. 6. Taxes and assessments which become due and payable after the Date of Policy, including taxes and assessments which may be added to the tax rolls or tax bill after the Date of Policy as a result of the taxing authority disallowing or revising an allowance of a Principal Residence Exemption (''PRE''), and invoices or assessments resulting from Building or Ordinance violations, if any. 7. Building and use restrictions and other terms, covenants, conditions, agreements, obligations and easements, but deleting 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), disclosed by instrument recorded in Liber/Document# 2745 Page 1213. 8. Right of Way granted to Michigan Gas and Electric Company, disclosed by instrument recorded in Liber/Document# 118 Page 188. 9. Right of Way granted to American Louisiana Pipeline Company, disclosed by instrument recorded in Liber/Document# 155 Page 242. 10. Rights of others in and to the use of an Easement as described on Schedule A and in Liber 2889, Page 2297, and the terms, covenants and conditions as set forth in said instrument, if any. 11. Access to subject property is by means of a private road and may be subject to various maintenance agreements. 12. Rights of the United States, State of Michigan and the public for commerce, navigation, recreation and fishery, in any portion of the land bordering on or comprising the bed of the St. Joseph River. 13. The nature, extent or lack of riparian rights, or the riparian rights of riparian owners and the public, in and to the use of the waters of St. Joseph River. 14. All oil, gas and mineral interests of every kind and nature, and all rights appurtenant thereto. 15. Mortgage between James R. Morren, a single man, as mortgagor, and Community Shores Mortgage Company, as mortgagee, in the original stated principal amount of $246,905.00, dated 6/1/07 recorded 7/3/07 in Liber/Document# 2798 Page 2691. Form 5011626-BII (8/1/09) Page 6 of 6 ALTA Commitment (6-17-06) Michigan - Schedule BII