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ISSUED BY <br />COMMERCIAL PARTNERS TITLE, LLC <br />AS AGENT FOR <br />OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY <br />COMMITMENT NUMBER 31695 <br />SCHEDULE B - Part II - EXCEPTIONS <br />(Continued) <br />22. Terms and conditions of Declaration of Restrictive Covenant Regarding Banking or Financial Institutions <br />Agreement, dated September 24, 2003, filed September 26, 2003, as Document No. 446644 (Torrens) <br />and filed September 26, 2003, as Document No. 1855389 (Abstract). <br />Partial Release of Restrictive Covenant dated September 26, 2005, filed November 2, 2005, as <br />Document No. 485143.001 (Torrens) and filed November 2, 2005, as Document No. 1979480.001 <br />(Abstract). <br />Assignment of Restrictive Covenant dated December 16, 2005, filed December 16, 2005, as Document <br />No. 485813.006 (Torrens) in favor of PSD, LLC, <br />23. Terms and conditions of Declaration of Restrictive Covenant Regarding Banking or Financial Institutions, <br />dated December 22, 2005, filed March 7, 2006, as Document No. 486753.001 (Torrens) and filed March <br />7, 2006 as Document No. 1982665.001 (Abstract). (affects Outlots F, G, H, J, K, N, 0, P, Q and R, <br />Ramsey Town Center Addition, Outlots A, C, D and F, Ramsey Town Center 8th Addition and Outlot A, <br />Ramsey Town Center 10th Addition) <br />24. Resolution No. 05-12-395 approving a setback variance filed January 4, 2006, as Document No. <br />485950.007 (Torrens). (affects Outlot A, Ramsey Town Center 8th Addition) <br />25. Resolution No. 05-01-004 approving a setback variance filed October 20, 2005, as Document No. <br />484956.002 (Torrens). (affects Lot 2, Block 1, Ramsey Town Center 5th Addition) <br />26. Easement for public streets, trails and utilities, in favor of the City of Ramsey, as created in document <br />dated February 28, 2005, filed March 16, 2005, as Document No. 482124.010 (Torrens). <br />NOTE: Easements are in Zeolite Street and Town Center Drive abutting Outlots D and F, Ramsey Town <br />Center and abutting Outlots A and C, Ramsey Town Center, respectively. <br />27. Terms and conditions of Agreement for Right of Way for Electrical Facilities, dated December 31, 2003, <br />filed November 1, 2004, as Document No. 480123 (Torrens) and as Document No. 1968703 (Abstract). <br />(affects Outlot H, Ramsey Town Center Addition) <br />28. Anoka County Right of Way Plat Number 16 dated April 13, 1981, filed April 13, 1981, as Document No. <br />571348 (Abstract). <br />Final Certificate dated August 14, 1985, filed August 28, 1985, as Document No. 684425 (Abstract). <br />29. Anoka County Right of Way Plat Number 16, Parcel 15 dated July 14, 1981, filed August 10, 1981, as <br />Document No. 575763 (Abstract) and dated April 13, 1981, filed July 1, 1981, in Book 2 Right -of -Way <br />ALTA Commitment <br />Schedule 13 (6.17-06) (31695.pfd/31695/150) <br />