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ISSUED BY Commercial Partners Title, LLC AS AGENT FOR Old Republic National Title Insurance Company FILE NUMBER 31695 EXHIBIT B SCHEDULE B — PART 1 REQUIREMENTS 1. Stipulation of dismissal of the consolidated actions evidenced by Notice of Lis Pendens to declare the priority of the City of Ramsey's interest, dated July 2, 2007, filed July 2, 2007, as Document No. 1994160.001 (Abstract), by the City of Ramsey, and the Petition of the City of Ramsey to adjudicate the priority of Petitioner's interest in Land dated June 29, 2007, filed June 29, 2007, as Document No. 492053.001 (Torrens) and a recordable Discharge of the Notice of Lis Pendens filed as Document No. 1994160.001. 2. Completion of the foreclosure by Minnwest Bank Central of the Minnwest Mortgage as follows: (a) Foreclosure shall be pursuant to (i) that Voluntary Foreclosure Agreement executed by Ramsey Town Center LLC, a Minnesota limited liability company, as Mortgagor, dated April 3, 2007, and filed April 3, 2007, as Document No. 491147.001 (Torrens) and filed April 3, 2007, as Document No. 1992115.001 (Abstract) and (ii) that Notice of Pendency of Proceeding and Power of Attorney to Foreclose Mortgage dated April 13, 2007, filed April 13, 2007 as Document No. 491263.001 (Torrens) and filed April 13, 2007, as Document No. 1992364.001 (Abstract). (b) Following the foreclosure sale, the recording of a sheriff's certificate of sale in connection therewith. (c) Expiration of all rights of redemption provided by law. For purposes of this section 3, the term "Minnwest Mortgage" refers to the following: Combination Revolving Credit Mortgage, Security Agreement, Assignment of Rents and Fixture Financing Statement with Future Advance Clause dated September 18, 2003, filed September 24, 2003, as Document No. 446331 (Torrens) and filed September 24, 2003, as Document No. 1854362 (Abstract), executed by Ramsey Town Center LLC, a Minnesota limited liability company, as mortgagor, to Community National Bank, a United States banking corporation, as mortgagee, in the original principal amount of $35,000,000.00.