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ISSUED BY COMMERCIAL PARTNERS TITLE, LLC AS AGENT FOR OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY COMMITMENT NUMBER 31695 SCHEDULE B - Part II - EXCEPTIONS (Continued) 37, Easement for electric transmission line in favor of Connexus Energy (formerly Anoka Electric Cooperative and formerly the Rural Cooperative Power Association) as created in document filed April 9, 1953, in Book 299, Page 34. Said easement appears to be unconfined. (See also Partial Release of Easement filed as Document No. 519430.) 38, Access Easement Agreement dated June 12, 2006, filed July 6, 2006, as Document No. 1985760.001 (Abstract). (affects Outlot B, Ramsey Town Center 2nd Addition) 39. Easement in favor of the City of Ramsey as created in document dated June 3, 2004, filed September 30, 2005, as Document No. 1978594.001 (Abstract). (affects Insured portion of Outlot GG, Ramsey Town Center Addition) 40. Terms and conditions of City of Ramsey Secondary Development Contract For Ramsey Town Center 7th Addition Symphony At Town Center dated August 24, 2005, filed August 25, 2005, as Document No. 19777551,011 (Abstract). 41. Permanent Easement for road and utilities, in favor of the City of Ramsey, as created in Quit Claim Deed dated July 27, 2001, filed August 23, 2001, as Document No. 1597261 (Abstract). (affects Outlot B, Ramsey Town Center 7th Addition) 42. Terms and conditions of Parking Improvement Use and Maintenance Agreement effective February 28, 2005, filed March 16, 2005, as Document No. 482124.002 (Torrens) and as Document No. 1973660.001 (Abstract). 43. Wetlands as shown on the recorded plats. 44. Ordinance No. 86-11 establishing a Storm Sewer Improvement Tax District filed October 28, 1987, as Document No. 784944 (Abstract). 45. See the attached Exhibit B for Schedule B - Part I requirements. END OF SCHEDULE B EXCEPTIONS SEE ATTACHED FOR ADDITIONAL INFORMATION REGARDING THIS FILE ALTA Commitment Schedule B (6-17-06) (31695.pfd/31695/150)