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ISSUED BY <br /> COMMERCIAL PARTNERS TITLE, LLC <br /> AS AGENT FOR <br /> CHICAGO TITLE INSURANCE COMPANY <br /> COMMITMENT NUMBER 52156 <br /> SCHEDULE B - PART I <br /> REQUIREMENTS <br /> (Continued) <br /> 7. Submit the following documentation prior to closing for review and approval: <br /> Copies of Good Standing Certificate for Seller and/or Buyer/Borrower and Resolutions authorizing both the <br /> transaction and execution of documents (or incumbency certificate with the authorizing resolutions), or <br /> other evidence acceptable to the Company. <br /> 8. In the event this transaction involves new construction or if there has been construction on the property <br /> during the last six months please immediately contact the closer or underwriting attorney listed above to <br /> discuss the transaction. <br /> If the transaction involves a construction mortgage or is a vacant land acquisition mortgage no <br /> construction related work can be performed on the property until after the mortgage is recorded and <br /> pictures have been taken at the site, in order to establish priority for the construction mortgage. <br /> Indemnities will be required at closing from the appropriate parties, depending upon the nature of the <br /> transaction. <br /> 9. The legal description at Item No. 5 of Schedule A is related to the property address of 6401 Highway 10 <br /> Northwest, Ramsey, MN. <br /> END OF SCHEDULE B—PART I REQUIREMENTS <br /> ALTA Commitment 52156 <br /> Schedule B-Part 1 (6-17-06) <br />