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HomeMy WebLinkAboutDeed APPLICANT 3/23/2021< ,T .y LLL After recording return to: Falk Investments - Springfield U, LLC 1555 Blake Street, Unit 505 Denver, CO 80202 Until a change Is requested all tax statements shall be sent to the following address: Falk Investments - Springfield U, LLC 1555 Blake Street, Unit 505 Denver, CO 80202 . File No.: NCS -888656 -ORI am) Date: August 05, 2018 Lane County Clerk 2018-040310 Lane County Deeds & Records 08/27/2018 02:39:19 PM RPR -DEED Crn=1 Stn=1 CASHIER05 3pages $15.00 $11.00 $10.00 $61.00 $97.00 STATUTORY WARRANTY DEED Dianna Lynn Larsen, Grantor, conveys and warrants to Falk Investments - Springfield II, LLC, an Oregon limited liability company , Grantee, the following described real property fee of liens and enambrences, except as specifically set forth herein: LEGAL DESCRIPTION: Real property in the County of lane, Stare of Oregon, described as follows: BEGINNING ATA POINT WHICH IS ON THE NORTH LINE OF THE WILLIAM N. STEVENS DONATION LAND CLAIM NO. 46, TOWNSHIP 17 SOUTH, RANGE 3 WEST OF THE WILLAMETTE MERIDIAN, SAID 675.18 FEET SOUTH 89' SS' EAST FROM THE INTERSECTION OF COUNTY ROADS NO. 3 AND NO. 90 CWHICH SAID POINT 15 NOW DESCRIBED AS BEING 2455.70 FEET SOUTH 89' S5' EAST FROM THE NORTH WEST CORNER OF SAID DONATION LAND CLAIM) SAID BEGINNING POINT BEING ON THE NORTHEAST EXTENSION OF THE WEST LINE OF A TRACT CONVEYED TO JOHN A. SWENIM AND WIFE, BY DEED RECORDED SEPTEMBER 10, 1954, AS INSTRUMENT NO. 38030, LANE COUNTYOREGON RECORDS; THENCE SOUTH ALONG SAID LINE, AND EXTENSION THEREOF, 250 FEET; THENCE WEST 60 FEET TO THE SOUTHEAST CORNER OF A TRACT CONVEYED TO A. N. KEMERY AND WIFE, BY DEED RECORDED AUGUST 19, 1948, IN BOOK 380 OF DEEDS, PAGE 247, INSTRUMENT NO. 74307, RECORDS OF LANE COUNTY, OREGON; THENCE NORTH ALONG SAID LINE 250 FEET TO THE NORTHEAST CORNER OF SAID TRACT; THENCE EAST ALONG THE NORTH LINE OF SAID CLAIM TO THE PLACE OF BEGINNING, IN LANE COUNTY, OREGON. NOTE: THIS LEGAL DESCRIPTION WAS CREATED PRIOR TO JANUARY 4 2008. Subject to: See Exhibit "B' attached hereto and by reference made a part hereof PD 1ar2 ArM; 01505aa 5'ft" w.mm ty Oeetl Ale Na.; NCSS ZSWSW.OR1 Dm) -CMNNkM BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON TRANSFERRING FEE TITLE SHOULD INQUIRE ABOUT THE PERSON'S RIGHTS, IF ANY, UNDER ORS 195.300, 195.301 AND. 195.305 TO 195.336 AND SECTIONS 5 TO 11, CHAPTER 424, OREGON LAWS 2007, SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009, AND SECTIONS 2 TO 7, CHAPTER 8, OREGON LAWS 2010, THIS INSTRUMENT DOES NOT ALLOW USE OF THE PROPERTY DESCRIBED IN THIS INSTRUMENT IN VIOLATION OF APPLICABLE LAND USE LAWS AND REGULATIONS. BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT THE PERSON ACQUIRING FEE TYLE TO THE PROPERTY SHOULD CHE-0( WITH THE APPROPRIATE CITY OR COUNTY PLANNING DEPARTMENT TO VERIFY THAT THE UNIT OF LAND BEING TRANSFERRED IS A LAWFULLY ESTABLISHED LOT OR PARCEL, AS DEFINED IN ORS 92.010 OR 215.010, TO VERIFY THE APPROVED USES OF THE LOT OR PARCEL, TO DETERMINE ANY LIMITS ONIAWSUTT'S AGAINST FARMING OR FOREST PRACTICES, AS DEFINED IN DRS 30.930, AND TO INQUIRE ABOUT THE RIGHTS OF NEIGHBORING PROPERTY OWNERS, IF ANY, LANDER ORS 195.300, 195.301 AND 195.305 70.195.336 AND SECTIONS 5 TO It, CHAPTER 424, OREGON LAWS 2007, SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009, AND SECTIONS 2 TO 7, CHAPTER e, OREGON LAWS 2010: Dated :,Illi/.l9 Dianna Lynn Lev STATE OF Oregon }ss. County of Lane ) ///777 This instrument was acknowledged before me on th' del7of 20 by Dianna Lynn Larsen. n // OFFICIAL STAMP GEORGE H. BOSCH N ry Public for Oregon t. NOTARY PUSUC-OREGON COMMISSION NO. 964357 M Commission expires: f (/ MV fnNMIS510N FxGINF5.1111 V 119 9MI Pape tar 2, Exhibit "B" 1. Water rights, claims to water or title to water, whether Or not such rights are a matter of public record. 2. Taxes for the fiscal year 2018-2019 a lien due, but not yet payable. 3. The rights of the public in and to that portion of the premises herein described lying within the limits of streets, roads and highways. 4. Easement, including terms and provisions contained therein: Recording Information: November 29, 1910 as Book 87, Page 279, Deed Records of Lane County, Oregon In Favor of-. Tri-State Railway and Power Company For: None shown 5. Unrecorded leases or periodic tenancles, If any. Iq ` RR AIIRR,S' a T After recording return I0: Falk investments - Springfield 11, LLC 1555 Blake Street, Unit 505 Denver, CO 80202 Until a charge Is requested all tax statements shall be sent to the following address: Falk Investments - Springfield II, LLC 1555 Blake SbeeG Unit 505 Denver, CO 00202 File No.: NCS -892160 -ORI ()m) Date: May 09, 2018 Lane County Clerk 201 &-031096 Lane County Deeds 8 Records 07/03/201811:40:27 AM RPR -DEED Cn61 sin=9 CASHIER 11 2pages $10,00$11-00 slow $64.00 $92.00 STATUTORY WARRANTY DEED Arnold L. Chord and Diane J. Chord, Grantor, conveys and warrants to Falk Investments . Springfield it, LLC, an Oregon limited liabBitir COMPIMY , Grantee, the following described real property free of Bens and encumbrare;es, except as specifically set forth herein: LEGAL DESCRIPTION: Real properly In the County of Lane, State Of Oregon, described as follows: BEGINNING AT THE NORTHWEST CORNER OF THE WILLIAM N. STEVENS DONATION LAND CLAIM NO. 46, IN SECTION 15, TOWNSHIP 17 SOUTH, RANGE 3 WEST OF THE WILLAMETTE MERIDIAN; THENCE NORTH 89-56' EAST, 2895.88 FEET TO A POINT MARKED BY AN IRON PIN ON THE NORTH LINE OF SAID DONATION LAND CLAIM AND 5.0 FEET SOUTH OF THE CENTERLINE OF COUNTY ROAD NO. 90, SAID POINT BEING THE TRUE POINT OF BEGINNING; THENCE NORTH 89 -SW EAST, 175.0 FEET ALONG THE NORTH LINE OF SAID DONATION LAND CLAIM AND 5.0 FEET SOUTH OF THE CENTERLINE OF SAID ROAD TO A POINT MARKED BY AN IRON PIPE; THENCE SOUTH 250.0 FEET; TO A POINT MARKED BY AN IRON PIPE; THENCE SOUTH 89-56' WEST, 175.0 FEET ALONG A LINE PARALLEL WITH THE NORTH LINE OF SAID DONATION LAND CLAIM TO A POINT MARKED BY AN IRON PIN; THENCE NORTH 250.0 FEET TO THE TRUE POINT OF BEGINNING, IN LANE COUNTY, OREGON. NOTE: THIS LEGAL DESCRIPTION WAS CREATED PRIOR TO JANUARY Ot 2008. Subjeato: _ 1 the public record,IirMutl ng thosesshowand/or on arry recorded platents, If any, oecting orr survveytide, which may appear in The We consideration for this conveyance is 4450,000.00 Mercmm9h wN, nvwroMnnmams se.oe07, Nae tar 2 APN: stab" warranty Deed flee No.: NG 216e-0RI (1m) - c .ued BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON TRANSFERRING FEE TITLE SHOULD INQUIRE ABOUT THE PERSOWS RIGHTS, IF ANY, UNDER ORS 195.300, 195.301 AND 195.305 TO 195.336 AND SECTIONS 5 TO 11, CHAPTER 424, OREGON LAWS 2007, SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009, AND SECTIONS 2 TO 7, CHAPTER 8, OREGON LAWS 2010. THIS INSTRUMENT DOES NOT ALLOW USE OF THE PROPERTY DESCRIBED IN THIS INSTRUMENT IN VIOLATION OF APPLICABLE [AND USE LAWS AND REGULATIONS, BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON ACQUIRING FEE TITLE TO THE PROPERTY SHOULD CHECK WITH THE APPROPRIATE CITY OR COUNTY PLANNING DEPARTMENT TO VERIFY THAT THE UNIT OF LAND BEING TRANSFERRED IS A LAWFULLY ESTABLISHED LOT OR PARCEL, AS DEFINED IN ORS 92.010 OR 215.010, TO VERIFY THE APPROVED USES OF THE LOT OR PARCEL, TO DETERMINE ANY LIMITS ON LAWSUITS AGAINST FARMING OR FOREST PRACTICES, AS DEFINED IN ORS 30.930, AND TO INQUIRE ABOUT THE RIGHTS OF NEIGHBORING PROPERTY OWNERS, IF ANY, UNDER ORS 195.300, 195.301 AND 195.305 TO 195.336 AND SECTIONS 5 TO 11, CHAPTER 424, OREGON LAWS 2007, SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009, AND SECTIONS 2 TO 7, CHAPTER 8, OREGON LAWS 2010. Dated this -.1-4 day of ///G . 20AL . Arnold L. Chord Diane J. Chorfj STATE OF Oregon Lane— As. County of Cane— ) This Instrument was acknowledged before me on this �6 tl of Ink 20�g by Arnold L. Chord and Diane J. Chord. OFFIGIALSTAMP Notary Public for feg0 JOYCE ANDERSON My Commission expires: Np7ARY pIJBDC -OREGON COMFwBSION NO.9aSdAS MY COMMIis610N IXPIRES JDLY 2T, 202t Page 2 o 2 Y ,aM v,NI[ rte` r First American Title Insurance Company National Commercial Services 200 SW Market Street, Suite 250 Portland, Oregon 97201 Escrow Officer: Wayne Wagner Phone: (503)795-7603 Fax: (866)678-0591 E-mail w agner@ffrstam.com File No: NCS -995099 -ORS Title Officer: Jody Matlock Phone: (503)795-7600 Fax: (866)678-0591 E-mail jmatlmk@Orstam.com File No: NCS-995099.OR1 PRELIMINARY TITLE REPORT ALTA Owners Standand Coverage Liability $ P snnlum $ ALTA Owners Extended Coverage Liffiility $ premium $ ALTA Lenders Standard Coverage Liability $ Premium $ ALTA Lenders Extended Coverage Liability $ TDD Premium $ TBD ALTA Leasehold Stallard Coverage Liability $ Premium $ ALTA Leasehold Extended Carverage Liability $ Premium $ Endorsements Liability $ Premium $ Gov[ Service Charge cost $ 5.00 Ogler $ Proposed Insured Lender: Lender To Be Determined Proposed Borrower: Falk Investments - Springfleld II, LLC We are prepared to issue Title Insurance Policy or Policies of First American Title Insurance Company, a Nebraska Corporation in the form and amount shown above, insuring title to the following described land: The land referred to in this report is described in Exhibit "A" attached hereto. and as of December 18, 2019 at 8:00 a.m., title to Fee Simple is vested in: Falk Investments - Springfield II, LLC, an Oregon limited liability company Subject to the exceptions, exclusions, and stipulations which are ordinarily part of such Policy form and the following: Thts report Is for the esclusive use of the parties herein shown and is preliminary to the issuance of a We insurance policy and shall become void unless a policy is issued, and the full premium paid. Preliminary Report ostler Number: NCS-995099-ORl Page Number: 2 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records; proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the public records. 2. Facts, rights, Interests or claims which are not shown by the public records but which could be ascertained by an inspection of the land or by making inquiry of persons in possession thereof. 3. Easements, or claims of easement, not shown by the public records; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights, claims or title to water. 4. Any encroachment (of existing improvements located on the subject land onto adjoining land or of existing improvements located on adjoining land onto the subject land), encumbrance, violation, variation, or adverse circumstance affecting the title that would be disclosed by an accurate and complete land survey of the subject land. 5. Any lien, or right to a lien, for services, labor, material, equipment rental or workers compensation heretofore or hereafter furnished, imposed by law and not shown by the public records. The exceptions to coverage 1-5 inclusive as set forth above will remain on any subsequently issued Standard Coverage Title Insurance Policy. In order to remove these exceptions to coverage in the issuance of an Extended Coverage Policy the following items are required to be furnished to the Company; additional exceptions to coverage may be added upon review of such information: A. Survey or alternative acceptable to the company B. Affidavit regarding possession C. Roof that there is no new construction or remodeling of any improvement located on the premises. In the event of new construction or remodeling the following is required: I. Satisfactory evidence that no construction liens will be filed; or ii. Adequate security to protect against actual or potential construction liens; iii. Payment of additional premiums as required by the Industry Rate Filing approved by the Insurance Division of the State of Oregon 6. Water rights, claims to water or title to water, whether or not such rights are a matter of public record. 7. City liens, if any, of the City of Springfield. 8. The rights of the public in and to that portion of the premises herein described lying within the limits of streets, roads and highways. 9. Easement, including terms and provisions contained therein: Recording Information: November 29, 1910 as Book 87, Page 279, Records of lane County, Oregon In Favor of: Tri-State Railway and Power Company For: Power Line 10. Easement, including terms and provisions contained therein: Recording Information: November 16, 1994 as Instrument No. 1994-80413 In Favor of: City of Springfield FirstAmencan Title Preliminary Report For: None shown Order Number: NCS -995099 -ORI Page Number: 3 11. Any conveyance or encumbrance by Falk Investments - Springfield II, LLC should be executed pursuant to their Operating Agreement, a copy of which should be submitted to this office for inspection. -END OF EXCEPTIONS- RrstAmencan Tide Preliminary Report Omer Number: NCS -995099 -ORI Page Number: 4 INFORMATIONAL NOTES NOTE: We find no judgments against the vestee herein, unless shown as a numbered exception above. NOTE: Taxes for the year 2019-2020 PAID IN FULL Tax Amount: $4,753.81 Map No.: 17-03-15-40-02400 Property ID: 0150498 Tax Code No.: 00478 NOTE: According to the public record, the following deed(s) affecting the property herein described have been recorded within 24 months of the effective date of this report: Statutory Warranty Deed recorded July 03, 2018 as Instrument No. 2018-031096, Arnold L. Chord and Diane J. Chord to Falk Investments - Springfield II, LLC. NOTE: We find no outstanding voluntary liens of record affecting subject property. An inquiry should be made concerning the existence of any unrecorded lien or other indebtedness which could give rise to any security interest in the subject property. Situs Address as disclosed on !ane County Tax Roll: 385 Deadmond Ferry Road, Springfield, OR 97477 THANK YOU FOR CHOOSING FIRST AMERICAN TITLE WE KNOW YOU HAVE A CHOICE! Fir tAmeriran Title Preliminary Report Order Number: NCS -995099 -ORI Page Number: 5 FirstAmman Tide Insurance Companyof 0I SCHEDULE OF EXCLUSIONS FROM COVERAGE 1. AMERICAN LAND TITLE ASSOCIATION LOAN POLICY- 2006 EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage "is policy, and the Company will not pay loss ar damage, costs, attorneys' fees, or expsrees that arise by reason of: 1. (a) Any law, mdinnnce, pennk, or gavemmental regulation (including those relating to Wilding and tuning) restricting, regulating, prohibmg, or relating to (d) the ooaipancy, use, or enjoyment of the land; (ii) the character, dimensions, or location of any improvement erected on the tad; (iii) the wIndNlsion of land; or (Iv) emlronlmmtal protection; m the effect of any violation of these laws, crdinan es, or governmental regulations. This Exclsk m I(a) does not modify or limit the coverage provided! under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) tices not modify or limit th , coverage provided under Covered ask 6. 2. Rights of eminent domain. This Fscluslon does not modify or limit the coverage Provided under Covered Risk ] or 8. 3. Defects, liens, eonumbranca, adverse claims, or other matters (a) created, suffered, assumed, or agreed M by the Insured! Claimant; (b) not Known to the Company, not recorded in the Public Records at Date a Polity, but Known te the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prim to the data Ore Ireuretl Claimant became an Insured under this policy; (c) resulting in no loss or damage m the Insured Claimant; (d) attaching or crested subsequent to Date of Policy (however, this Goes not modify m limit the coverage provided under Covered! Risk 11, 13, or 14); or (e) resulUrg in las or damage that would not have been sustalred Ithe Insured Claimant had paid value for the Insured Mortgage. 4. Unenforceability of the lien of the Insured Mortgage becarz of Me inability or failure of an Insured th comply with applicable doing -business laws of the state where the land s situated. 5. Invalidity m unenforceability in whole or in part of the lien of the Insured Mortgage that arises out m the transaction evidenced by the Insured Mortgage and s based upon usury or any consumer credit protection or truth -in -lending law. 6. Any claim, by reason of the operation of federal bankrupby, state heolvenry, m similar cred"? rights laws, that the transaction creating the lien a the Insured! Mortgage, is (a) a fraudulent conveyance or fraudulent marcher, or (b) a preferential transfer for any reasmh not stated in Covered Rsk 13(b) of this policy. ]. Any lien on the Title for real estate taxes or assessments Imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the Insured Mortgage in the Public Rernmis. TWs faclsion does not modify or limit the coverage provided under Covered! ask 11(b). 2. American Land Tide Asaoctation OWNER POLICY - 2006 EXCLUSIONS FROM COVERAGE The following mattes are expressly exclude! from the coverage of this polo, and the Company will not pay loss or damage, costs, attomeys' fees, or expenses that arise by reason a: 1. (a) Any law, ordinance, permit, or governmental regulation (Including those relating to building and tuning) restricting, regulating, prohibiting, or relating to (i) the oavpanry, use, or enjoyment of the [antl; (ii) the character, dimensions, or lotion of any improvement erected on the Land; (Ilp tlh subdivision of land; or (iv) environmental protection; a the effect of and vblatlon of these laws, ordinances, or governmental regulations. This Esclusion 1(a) does not modify or limit the coverage provided nm or Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered ask 6. 2. Rights of eminent domain. This Eaalusim does not modify or limit the coverage Provided under Covered Risk 2 or 8. 3. Defects, liens, encumbrances, ativerse claims, or otter mattes (a) created, suffered, assumed, or agreed to by the Insured Commit; (b) not Known to the Company, not recorded! In the Public Records at Date of Policy, but Krmwn to, the Inured Claimant and not disclosed in writing to the Company by the Inwred Claimant pricy to the date the Insured Gadront became m Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant, (d) attaching or created subsequent M Date of Policy (however, this tices not modify or limit the avenge pro,lded under Covered Rsl6 9 antl 10); or (e) resulting in los or damage that would not have been sustained IF the Insured Oalmant had paid value for the Tlte. 4. AM claim, by reason of the operation of federal tharmpiq, state insolvency, or similar creditors. right laws, tlht the transaction vesting the Tile as shown Ire Schedule A, is (a) a fraudulent conveyance or fraudulent Mari a (b) a preferential transfer far any reason ret stated in Covered Mk 9 of this policy. 5. Any lien on the Title for real estate Iowa or assessments Imposed by govenmeltel authority and created or atadNg between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in S Ihedule A. FirstAmerican TNe Preliminary Report Exhibit "A" Real properly in the County of Lane , State of Oregon, described as follows: Order Number: NCS -995099 -ORS Page Number: 6 BEGINNING AT THE NORTHWEST CORNER OF THE WILLIAM N. STEVENS DONATION LAND CLAIM NO. 46, IN SECTION 15, TOWNSHIP 17 SOUTH, RANGE 3 WEST OF THE WILLAMETTE MERIDIAN; THENCE NORTH 89°56' EAST, 2895.88 FEET TO A POINT MARKED BY AN IRON PIN ON THE NORTH LINE OF SAID DONATION LAND CLAIM AND 5.0 FEET SOUTH OF THE CENTERLINE OF COUNTY ROAD NO. 90, SAID POINT BEING THE TRUE POINT OF BEGINNING; THENCE NORTH 89056' EAST, 175.0 FEET ALONG THE NORTH LINE OF SAID DONATION LAND CLAIM AND 5.0 FEET SOUTH OF THE CENTERLINE OF SAID ROAD TO A POINT MARKED BY AN IRON PIPE; THENCE SOUTH 250.0 FEET; TO A POINT MARKED BY AN IRON PIPE; THENCE SOUTH 89"56' WEST, 175.0 FEET ALONG A LINE PARALLEL WITH THE NORTH LINE OF SAID DONATION LAND CLAIM TO A POINT MARKED BY AN IRON PIN; THENCE NORTH 250.0 FEET TO THE TRUE POINT OF BEGINNING, IN LANE COUNTY, OREGON. NOTE: THIS LEGAL DESCRIPTION WAS CREATED PRIOR TO JANUARY 01, 2008. FkStAn a can Title First American Title Insurance Company National Commercial Services 200 SW Market Street, Suite 250 Portland, Oregon 97201 Escrow Officer: Wayne Wagner Phone: (503)795-7603 Fax: (866)678-0591 E-mail wwagnerefirstam.com File No: NCS-995098-ORJ Title Officer: Jody Matlock Phone: (503)795-7600 Fax: (866)678-0591 E-mail jmatlockOfirstam.com File No: NCS -995098 -ORI PRELIMINARY TITLE REPORT ALTA Owners standard Coverage ALTA Owners Extended Cavemge ALTA Landes standard! Coverage ALTA Lenders Dteodecl coverage ALTA Leas hod SlandaN Coverage ALTA Leasehold & nded Cmerve rndorsemerns Govt Service Charge Other Proposed Insured Lender: Lender To Be Determined liability $ Premium tiabihty $ Premum Oabllity $ Premimn DaNdy $ TED Poem n liability $ Premien Oabiny $ Premiom Liability $ Premium Crst Proposed Borrower: Falk Investments - Springfield II, LLC We are prepared to issue Title Insurance Policy or Policies in the form and amount shown above, insuring title to the following described land: The land referred to in this report is described in Exhibit "A" attached hereto. and as of December 18, 2019 at 8:00 a.m., title to Fee Simple is vested in: Falk Investments - Springfield II, LLC, an Oregon limited liability company Subject to the exceptions, exclusions, and stipulations which are ordinarily part of such Policy form and the following: This repot A for the exdmiw use of the parties herein shown an is preliminary to the Muance of a title insurance policy and shall becanne void unless a policy is issued, and the full premium pd. TBD 5.00 Preliminary Report Order Number: NCS -995093-0R1 Page Number: 2 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records; proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the public records. 2. Facts, rights, interests or claims which are not shown by the public records but which could be ascertained by an inspection of the land or by making inquiry of persons in possession thereof. 3. Easements, or claims of easement, not shown by the public records; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights, claims or title to water. 4. Any encroachment (of existing improvements located on the subject land onto adjoining land or of existing improvements located on adjoining land onto the subject land), encumbrance, violation, variation, or adverse circumstance affecting the title that would be disclosed by an accurate and complete land survey of the subject land. 5. Any lien, or right to a lien, for services, labor, material, equipment rental or workers compensation heretofore or hereafter furnished, imposed by law and not shown by the public records. The exceptions to coverage 1-5 inclusive as set forth above will remain on any subsequently issued Standard Coverage Title Insurance Policy. In order to remove these exceptions to coverage in the issuance of an Extended Coverage Policy the following items are required to be furnished to the Company; additional exceptions to coverage may be added upon review of such information: A. Survey or alternative acceptable to the company B. Affidavit regarding possession C. Proof that there is no new construction or remodeling of any improvement located on the premises. In the event of new construction or remodeling the following is required: L Satisfactory evidence that no construction liens will be filed; or fl. Adequate security to protect against actual or potential construction liens; iii. Payment of additional premiums as required by the Industry Rate Filing approved by the Insurance Division of the State of Oregon 6. Water rights, claims to water or title to water, whether or not such rights are a matter of public record. 7. City liens, if any, of the City of Springfield. B. The rights of the public in and to that portion of the premises herein described lying within the limits of streets, roads and highways. 9. Easement, including terms and provisions contained therein: Recording Information: November 29, 1910 as Book 87, Page 279, Deed Records of Lane County, Oregon In Favor of: Tri-State Railway and Power Company For: None shown First American Title Preliminary Report Order Number: NCS-995098-OR1 Page Number: 3 10. Any conveyance or encumbrance by Falk Investments - Springfield II, LLC should be executed pursuant to their Operating Agreement, a copy of which should be submitted to this office for inspection. -END OF EXCEPTIONS - Fir tAmerican Title Preliminary Report INFORMATIONAL NOTES Order Number: NCS -995098 -ORI Page Number: 4 NOTE: We Find no judgments against the vestee herein, unless shown as a numbered exception above. NOTE: Taxes for the year 2019-2020 PAID IN FULL Tax Amount: $2,896.64 Map No.: 17-03-15-40-02300 Property ID: 0150506 Tax Code No.: 00478 NOTE: According to the public record, the following deed(s) affecting the property herein described have been recorded within 24 months of the effective date of this report: Statutory Warranty Deed recorded August 27, 2018 as Instrument No. 2018-040310, Dianna Lynn Larsen to Falk Investments - Springfield II, LLC NOTE: We find no outstanding voluntary liens of record affecting subject property. An inquiry should be made concerning the existence of any unrecorded lien or other indebtedness which could give rise to any security interest in the subject property. Situs Address as disclosed on Lane County Tax Roll: 377 Deadmond Ferry Road, Springfield, OR 97477 THANK YOU FOR CHOOSING FIRST AMERICAN TITLE WE KNOW YOU HAVE A CHOICE! 1 G1341JLrV—PT- Fl Address: First American Title Insurance Company of Oregon Attn: Recorder 2892 Crescent Ave Eugene, OR 97408 Recording $87.00 per first page (most documents) $ 5.00 per additional page may be imposed by the County Clerk if a document recoroing rags m meet me requirements estaousneo oy UKb cnapter tub. cc: Falk Investments - Springfield II, LLC FirstAmerican Tide Preliminary Report Order Number: NCS -995098 -ORI Page Number: 5 The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss a damage, costs, attorneys' fees, or evpme s Nat arise by reason of: 1. (a) Any law, ordinance, Pennit, or governmental regulation (imluding those relating to building and zoning) reshichr g, regulating, prohibiting, or renting to (i) me oaupamy, use, or enjoyment of the land; (ii) me character, dimensions, or location ofmy improvement erected on the land; (III) the subdivision of land; or (Iv) environmental protection; or the effect of any violation a these laws, ordinances, or governmental regulations. This Fxclusan 1(a) does not modify or limit the coverage providetl order Covered ask 5. (b) Any governmental police power. This Exclusion 1(b) does not modry, m limit the coreage Provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Rislr 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other rudders (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to me Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant Prior to me, dere, the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage m me Insuretl Claimant; (d) attaching or crevretl subsequent to Date of Policy (however, this does not modify a limit the coverage provided under Covered ask 11, 13, or 14); or (e) resulting in Inns or damage mat would not have been sustained if the Insured Claknont had paid value for the Insured Mortgage. 4. Unenicrceabiliry of the Ilen of the Insured Mortgage because of the Inability or failure of an Insured to comply with applicable dung-husines laws of the state where the land is situated. 5. Invalidity, or unenforceability in whole or In part of the lien of the Insured Mortgage that arises out of the bamactfon evidenced by me Insured Mortgage and Is based upon usury or any consumer Credit protection or truth -In -lending law. 6. Any claim, by reason of the operation W federal bankmptcy, state insolvency, or similar rzedimrs? rights laws, that the transaction creating me Inn M the Insured Mortgage, is (a) a fraudulent conveyance or fraudulent transfer, or (b) a preferential transfer for my reason not stated in Covered Risk 13(b) of this polity. 7. Any lien on the Title mr real estate tares or assessments imposed by governmental authority and Oenretl or attaching between Date of Policy and me date of recording of the Insured Mortgage in the Public Ramos. Th"s Exclusion does not modify or limit the coverage Provitled under Covered RLsk 11(b). 2 American Land Title Association OWNER POLICY - 2006 EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this Policy, and me Conggny will not pay Mss a damage, costs, attameys' fees, or experses mat arise by reason of. - 1. f: 1. (a) Any law, ordinance, permit, or governmental regulation (including mole reladng to building and zoning) restricting, regulating, prohibiting, or relating to (1) the occupancy, use, or enjoyment of the Land; (ii) me character, dimensions, or location of any improvement erected on the (and; (III) the subdivision of land; or (iv) environmental protection; or the effect M and violation of mese nos, ordinances, or governmental regulations. This Exclushon 1(a) does not modify or limit the coverage providetl under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or Ilm t the coverage Provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion tices not modify or limit the coverage provided under Covered ask 7 or B. 3. Defects, liens, encumbrances, adverse claims, or, other malrers (a) created, sufferec, assumed, or agreed to by the frsured Claimant; (b) not Known to me Company, not recorded In the Pudic Retards at Dare ei Policy, but Known m the Insured Caiman[ and not disclosed in writing to the Company by the Insured Claimant prior to me dare the Insured Claimant beans, an Insuretl under this Policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent m Date of Policy (however, mis does not modify or limit the coverage provided under Covered Risks 9 and 10); or (e) resulting in ns or damage that would not have been sustained if me Loured Claimant had paid vane for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, some insolvency, on similar creditors. rights laws, that the tra eaclm vesting the Title as shown In Schedule A, is (a) a fraudulent conveyance or fraudulent hansfer; or (b) a preferential transfer for arty reason not stated in Covered Risk 9 of this polity. 5, Any Ian on the Title for real estate [roes or assessments imposed by governmerdzl authority and created or attaching batween Date of Policy and the data of recording of the dead or other instrument of transfer in the Public Records mat vests Title as shown in Schedule A. First,,I moan Tide Fist American Tide Insumace Company of Oregon SCHEDULE OF EKCLUSIONS FROM COVERAGE 1. AMERICAN LAND TITLE ASSOCIATION LOAN POLICY - 2006 E%CLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss a damage, costs, attorneys' fees, or evpme s Nat arise by reason of: 1. (a) Any law, ordinance, Pennit, or governmental regulation (imluding those relating to building and zoning) reshichr g, regulating, prohibiting, or renting to (i) me oaupamy, use, or enjoyment of the land; (ii) me character, dimensions, or location ofmy improvement erected on the land; (III) the subdivision of land; or (Iv) environmental protection; or the effect of any violation a these laws, ordinances, or governmental regulations. This Fxclusan 1(a) does not modify or limit the coverage providetl order Covered ask 5. (b) Any governmental police power. This Exclusion 1(b) does not modry, m limit the coreage Provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Rislr 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other rudders (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to me Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant Prior to me, dere, the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage m me Insuretl Claimant; (d) attaching or crevretl subsequent to Date of Policy (however, this does not modify a limit the coverage provided under Covered ask 11, 13, or 14); or (e) resulting in Inns or damage mat would not have been sustained if the Insured Claknont had paid value for the Insured Mortgage. 4. Unenicrceabiliry of the Ilen of the Insured Mortgage because of the Inability or failure of an Insured to comply with applicable dung-husines laws of the state where the land is situated. 5. Invalidity, or unenforceability in whole or In part of the lien of the Insured Mortgage that arises out of the bamactfon evidenced by me Insured Mortgage and Is based upon usury or any consumer Credit protection or truth -In -lending law. 6. Any claim, by reason of the operation W federal bankmptcy, state insolvency, or similar rzedimrs? rights laws, that the transaction creating me Inn M the Insured Mortgage, is (a) a fraudulent conveyance or fraudulent transfer, or (b) a preferential transfer for my reason not stated in Covered Risk 13(b) of this polity. 7. Any lien on the Title mr real estate tares or assessments imposed by governmental authority and Oenretl or attaching between Date of Policy and me date of recording of the Insured Mortgage in the Public Ramos. Th"s Exclusion does not modify or limit the coverage Provitled under Covered RLsk 11(b). 2 American Land Title Association OWNER POLICY - 2006 EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this Policy, and me Conggny will not pay Mss a damage, costs, attameys' fees, or experses mat arise by reason of. - 1. f: 1. (a) Any law, ordinance, permit, or governmental regulation (including mole reladng to building and zoning) restricting, regulating, prohibiting, or relating to (1) the occupancy, use, or enjoyment of the Land; (ii) me character, dimensions, or location of any improvement erected on the (and; (III) the subdivision of land; or (iv) environmental protection; or the effect M and violation of mese nos, ordinances, or governmental regulations. This Exclushon 1(a) does not modify or limit the coverage providetl under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or Ilm t the coverage Provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion tices not modify or limit the coverage provided under Covered ask 7 or B. 3. Defects, liens, encumbrances, adverse claims, or, other malrers (a) created, sufferec, assumed, or agreed to by the frsured Claimant; (b) not Known to me Company, not recorded In the Pudic Retards at Dare ei Policy, but Known m the Insured Caiman[ and not disclosed in writing to the Company by the Insured Claimant prior to me dare the Insured Claimant beans, an Insuretl under this Policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent m Date of Policy (however, mis does not modify or limit the coverage provided under Covered Risks 9 and 10); or (e) resulting in ns or damage that would not have been sustained if me Loured Claimant had paid vane for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, some insolvency, on similar creditors. rights laws, that the tra eaclm vesting the Title as shown In Schedule A, is (a) a fraudulent conveyance or fraudulent hansfer; or (b) a preferential transfer for arty reason not stated in Covered Risk 9 of this polity. 5, Any Ian on the Title for real estate [roes or assessments imposed by governmerdzl authority and created or attaching batween Date of Policy and the data of recording of the dead or other instrument of transfer in the Public Records mat vests Title as shown in Schedule A. First,,I moan Tide Preliminary Report Exhibit "A" Real property in the County of Lane , State of Oregon, described as follows: Order Number: NCS -995098 -ORI Page Number: 6 BEGINNING AT A POINT WHICH IS ON THE NORTH LINE OF THE WILLIAM N. STEVENS DONATION LAND CLAIM NO. 46, TOWNSHIP 17 SOUTH, RANGE 3 WEST OF THE WILLAMETTE MERIDIAN, SAID 675.18 FEET SOUTH 89055' EAST FROM THE INTERSECTION OF COUNTY ROADS NO. 3 AND NO. 90 (WHICH SAID POINT IS NOW DESCRIBED AS BEING 2455.70 FEET SOUTH 89°55' EAST FROM THE NORTHWEST CORNER OF SAID DONATION LAND CLAIM) SAID BEGINNING POINT BEING ON THE NORTHEAST EXTENSION OF THE WEST LINE OF A TRACT CONVEYED TO JOHN A. SWENZEY AND WIFE, BY DEED RECORDED SEPTEMBER 10, 1954, AS INSTRUMENT NO. 38030, LANE COUNTY OREGON RECORDS; THENCE SOUTH ALONG SAID LINE, AND EXTENSION THEREOF, 250 FEET; THENCE WEST 60 FEET TO THE SOUTHEAST CORNER OF A TRACT CONVEYED TO A. N. KEMERY AND WIFE, BY DEED RECORDED AUGUST 19, 1948, IN BOOK 380 OF DEEDS, PAGE 247, INSTRUMENT NO. 74307, RECORDS OF LANE COUNTY, OREGON; THENCE NORTH ALONG SAID LINE 250 FEET TO THE NORTHEAST CORNER OF SAID TRACT; THENCE EAST ALONG THE NORTH LINE OF SAID CLAIM TO THE PLACE OF BEGINNING, IN LANE COUNTY, OREGON. NOTE: THIS LEGAL DESCRIPTION WAS CREATED PRIOR TO JANUARY 1, 2008. Flr tAmenfan Title i ALTA Commitment for Title Insurance First AmericanISSUED BY Commitment First American Title Insurance Company COMMITMENT FOR TITLE INSURANCE Issued By FIRSTAMERICAN TITLE INSURANCE COMPANY NOTICE IMPORTANT -READ CAREFULLY: THIS COMMITMENT IS AN OFFER TO ISSUE ONE OR MORE TITLE INSURANCE POLICIES. ALL CLAIMS OR REMEDIES SOUGHT AGAINST THE COMPANY INVOLVING THE CONTENT OF THIS COMMITMENT OR THE POLICY MUST BE BASED SOLELY IN CONTRACT. THIS COMMITMENT IS NOT AN ABSTRACT OF TITLE, REPORT OF THE CONDITION OF TITLE, LEGAL OPINION, OPINION OF TITLE, OR OTHER REPRESENTATION OF THE STATUS OF TITLE. THE PROCEDURES USED BY THE COMPANY TO DETERMINE INSURABILITY OF THE TITLE, INCLUDING ANY SEARCH AND EXAMINATION, ARE PROPRIETARY TO THE COMPANY, WERE PERFORMED SOLELY FOR THE BENEFIT OF THE COMPANY, AND CREATE NO EXTRACONTRACTUAL LIABILITY TO ANY PERSON, INCLUDING A PROPOSED INSURED. THE COMPANY'S OBLIGATION UNDER THIS COMMITMENT IS TO ISSUE A POLICY TO A PROPOSED INSURED IDENTIFIED IN SCHEDULE A IN ACCORDANCE WITH THE TERMS AND PROVISIONS OF THIS COMMITMENT. THE COMPANY HAS NO LIABILITY OR OBLIGATION INVOLVING THE CONTENT OF THIS COMMITMENT TO ANY OTHER PERSON. COMMITMENT TO ISSUE POLICY Subject to the Notice; Schedule B, Part I -Requirements; Schedule B, Part II -Exceptions; and the Commitment Conditions, RrstAmerican Tiffelnsurance Company, a Nebraska Corporation (the "Company"), commits to issue the Policy according to the terms and provisions of this Commitment. This Commitment is effective as of the Commitment Date shown in Schedule A for each Policy described in Schedule A, only when the Company has entered in Schedule A both the specified dollar amount as the Proposed Policy Amount and the name of the Proposed Insured. If all of the Schedule B, Part I -Requirements have not been met within 90 days after the Commitment Date, this Commitment terminates and the Company's liability and obligation end. First American Title Insurance Company Ixmar � chnme Pre3idant Jeffrey S. Rabin,.. Secretary If this jacket was created electronically, it constitutes an original document. This page 3 onrya pact ofa 2016 AL TAO Canmilment for Tice Insurance issued by Rest 71te Insurance Company, This Cbmmi[ment as not relid witlout the Notice,the Commitment M Issue Poky, the CommNmeot Condiaccs,Schedule A, Schedule B, Pad I-Requlmmeats,Schedule B, Rant IFErcepticn Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license From the American Land Title Association. COMMITMENT CONDITIONS 1. DEFINITIONS (a) -Knowledge-or"Known": Actual or imputed knowledge, but not constructive notice imparted by the Public Records. (b) "Land": The land described in Schedule A and affixed improvements that by law constitute real property. The tem "Land" does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is to be insured by the Policy. (c) "Mortgage": A mortgage, deed of trust, or other security instrument, including one evidenced by electronic means authorized by law. (d) 'Policy': Each contract of title insurance, in a form adopted by the American Land Title Association, issued or to be issued by the Company pursuant to this Commitment. (e) "Proposed Insured": Each person identified in Schedule A as the Proposed Insured of each Policy to be issued pursuant to this Commitment. (f) `Proposed Policy Amount": Each dollar amount specified in Schedule A as the Proposed Policy Amount of each Policy to be issued pursuant to this Commitment. (g) "Public Records": Records established under state statutes at the Commitment Cath for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. (h) "Title": The estate or interest described in Schedule A. 2. If all of the Schedule B, Part I—Requirements have not been met within the time period specified in the Commitment to Issue Polity, this Commitment terminates and the Company's liability and obligation end. 3. The Company's liability and obligation is limited by and this Commitment is not valid without: (a) the Notice; (b) the Commitment to Issue Policy; (c) the Commitment Conditions; (d) Schedule A; (e) Schedule B, Part I --Requirements; and (f) Schedule B, Part II—Exceptions. 4. COMPANY'S RIGHT TO AMEND The Company may amend this Commitment at any time. If the Company amends this Commitment to add a defect, lien, encumbrance, adverse claim, or other matter recorded in the Public Records prior to the Commitment bete, any liability of the Company is limited by Commitment Condition 5. The Company shall not be liable for any other amendment to this Commkment S. LIMITATIONS OF LIABILITY (a) The Company's liability under Commitment Condition 4 is limited to the Proposed Insured's actual expense incurred in the interval between the Company's delivery to the Proposed Insured of the Commitment and the delivery of the amended Commitment, resulting from the Proposed Insured's good faith reliance to: (i) comply with the Schedule B, Part I—Requirements; (ii) eliminate, with the Company's written consent, any Schedule B, Part II—Exceptions; or (iii) acquire the Title or create the Mortgage covered by this Commitment (b) The Company shall not be liable under Commitment Condition S(a) if the Proposed Insured requested the amendment or had Knowledge of the matter and did not nobly the Company about it in writing. (c) The Company will only have liability under Commitment Condition 4 if the Proposed Insured would not have incurred the expense had the Commitment induced the added matter when the Commitment was first delivered to the Proposed Insured. (d) The Company's liability shall not exceed the lesser of the Proposed Insure its actual expense incurred in good faith and described in Commitment Conditions 5(aXi) through 5(a)(iii) or the Proposed Policy Amount. (e) The Company shall not be liable for the content of the Transaction Identification Data, if any. (f) In no event shall the Company be obligated to issue the Policy referred to in this Commitment unless all of the Schedule B, Part I—Requirements have been met It, the satisfaction of the Company. (g) In any event, the Company's liability is limited by the terms and provisions of the Policy. ms pages only partaa 2016ALTA®Comm/bmnth» ]Itle]nsuraxe rssneObyN'rStAmeriran Title Asu2nre Company, mhs Commitments tmt valid without rhe Notice; the Commitment ro Lssve Poft; fine Commitment 6n slMi ms; Schedule A; Schednte B, 11111 -Requirements; Schedule B, Part IT-Ercepb'ons. Copyright 2006-2016 American land Title Association. All rights reserved. The use of this Porm (or any derivative thereof) is restricted to ALTA licensees and ALTA members In good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Trtla Association. rrm 53000341 (a -9 -IB) I Page 2 d 10 IOTIRO C-03 (Conti 9 Dele0.x1) (Rev 4-2-18) ALTA commitment for Title Insurance (8-1-16� I Oreoo 6. LIABILITY OF THE COMPANY MUST BE BASED ON THIS COMMITMENT (a) Only a Proposed Insured identified in Schedule A, and no other person, may make a claim under this Commitment. (b) Any claim must be based in contract and must be restricted solely to the terms and provisions of this Commitment. (c) Until the Policy is issued, this Commitment, as last revised, is the exclusive and entire agreement between the parties with respect to the subject matter of this Commitment and supersedes all prior commitment negotiations, representations, and proposals of any kind, whether written or oral, express or implied, relating to the subject matter of this Commitment. (d) The deletion or modification of any Schedule 3, Part II—Exception does not constitute an agreement or obligation to provide coverage beyond the tens and provisions of this Commitment or the Policy. (e) Any amendment or endorsement to this Commitment must be in writing and authenticated by a person authorized by the Company. (f) When the Policy is issued, all liability and obligation under this Commitment will end and the Company's only liability will be under the Policy. 7. IF THIS COMMITMENT HAS BEEN ISSUED BY AN ISSUING AGENT The issuing agent is the Company's agent only for the limited purpose of issuing title insurance commitments and policies. The issuing agent is not the Company's agent for the purpose of providing closing or settlement services. S. PRO -FORMA POLICY The Company may provide, at the request of a Proposed Insured, a pro -forma policy illustrating the coverage that the Company may provide. A pro -forma policy neither reflects the status of Title at the time that the pro -fora policy is delivered to a Proposed Insured, nor is it a commitment to insure. This page is on/ya pad ofa 20I6A TAP Commihnent for Title Insurance issued by Hi Amerzan Titte huumme Company. Thin Commihmnt/ " valid without the Notice, the CommibnentW Issue Po&};' the Lommibnmlt Conti ons, Sdreduk A,' SchMu/e B, Pzuf1 RepuiremMts,, 5dwduk Br Part H Ewgptions. Copyright 2006-2016 American Land Title Association. All rights reserved. The use of Ns Form (or any derivative thereof) Is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohlb0ed. Reprinted under license from the American Land Title Association. rm 53000341(B-9-18) Page 3 of 10 OTIRO C-03 (Conti 9 Deleted) (Rev 9-2-18) ALTA Commitment for Title Imuranw (8-1-16 0 ALTA Commitment for Title Insurance FirstAmerican ISSUED BY Schedule A First American Title Insurance Company Ykansaction Iden0flcaffan Datil for reference only Issuing Agent: First American Title Insurance Company National Issuing Office: 200 SW Market Street, Suite 250, Commercial Services Portland, OR 97201 Issuing Office's ALTA(9) Registry ID: Loan ID No.: Commitment No.: NCS-970356-OR1 Issuing Office File No.: NCS -970356 -ORI Property Address: 3535 Game Farm Road, Springfield, OR 97477 Revision No.: SCHEDULEA Commitment Date: December 18, 2019 at 8:00 am 2. Policy to be issued: (a) 17 ALTA0 Owner Policy Proposed Insured: TBD Proposed Policy Amount: $TBD $TBD (b) ❑ ALTAO Policy Proposed Insured: Proposed Policy Amount: $ $ Endorsement 9.10, 22 $100.00 Govt Service Charge $10.00 (c) ❑ ALTAO Policy Proposed Insured: Proposed Policy Amount: $ 3. The estate or interest in the Land described or referred to in this Commitment is Pee Simple 4. The Title is, at the Commitment Date, vested in: Falk Investments - Springfield II, LLC, an Oregon limited liability company 5. The Land is described as follows: See Exhibit "A" attached hereto and made a part hereof 7hts page S only pad ofa 2016 Al TA®Cammtanent lar Me Insurance smedhy FrcstAmerk o Title Insurance Company, ma Cbmmi[ment ar trot mild without the Nonce,the Commitment N Lssue Poflry,• the Commitment Coidhons, Schedule A: Schedule H, Pantl-Requirements, Sdedwo 6, Part 11- aptians. Copyright 2006-2016 American land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA limnsees and ALTA members in good standing as or the date of use. All other uses are proh Ruined. Reprinted under license from the American Land Title Association. FIRSTAMERICAN TITLEINSURANCECOMPANY By: Authorized Signatory If there are any questions concerning this Commitment, please contact Wayne Wagner at magner@firstam.com First American Title Insurance Company National Commercial Services 200 SW Market Street, Suite 250 Portland, OR 97201 (503)795-7600 phone 7hispage is ontya partofa 1016 ALTA®C tnmit at for Title fnwrance issuM by Firs[Amerkao Title Ii c3oVc Company. ]bis Commihnent 6 not 101/0 without the Nock , the Comm/bnent to L w Poky; Um Commitment CoadMaas,Sdb Wkl A, Schedule B, Part II quire aqI, Scbetlule I Pal 11 Exceodaas. Copyright 2006-2016 American land Title Association. All rights reserved. The use of this Form (or any derivative thereof) h restricted to ALTA licensees and ALTA members in gootl standing as of the data of use. All other uses are prohibited. Reprinted under license from the American tand Title Association. I First American Schedule BI & BII Commitment No.: NCS -970356 -ORI ALTA Commitment for Title Insurance ISSUED BY First American Title Insurance Company SCHEDULE B, PART I Requirements All of the following Requirements must be met: 1. The Proposed Insured must notify the Company in writing of the name of any parry not referred to in this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The Company may then make additional Requirements or Exceptions. 2. Pay the agreed amount for the estate or interest to be insured. 3. Pay the premiums, fees, and charges for the Policy to the Company. 4. Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured, or both, must be properly authorized, executed, delivered, and recorded in the Public Retards. Thispage is ontya patofa 2016AL TAO Commitmad1b, Title Ins nam.'e csmed by RrstAmerxan TG@ Insurance cbmpzny. This Commitment K not ✓al/d without the NMke; the Commihnait to Issue Policy, the Commitment Canditlons,Schedule A, Schedule e, Part I-Requaemen6,Schedule 6, Part Lr Excepoom Copyright 2006-2016 American land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good stzntling as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. on 53000341(89-18) %go 6 of 10 07RO C-03 (Cond 9 Deleted) (Rev 42-18) ALTA Commitment for Title Insurance (8-1-16 Orego ALTA Commitment for Title Insurance First American y. kyr ISSUED BY Schedule BI & BII (Cont.)First American Title Insurance Company Commitment No.: NCS-970356-OR1 SCHEDULE B, PART II Exceptions THIS COMMITMENT DOES NOT REPUBLISH ANY COVENANT, CONDITION, RESTRICTION, OR LIMITATION CONTAINED IN ANY DOCUMENT REFERRED TO IN THIS COMMITMENT TO THE EXTENT THAT THE SPECIFIC COVENANT, CONDITION, RESTRICTION, OR LIMITATION VIOLATES STATE OR FEDERAL LAW BASED ON RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, GENDER IDENTITY, HANDICAP, FAMILIAL STATUS, OR NATIONAL ORIGIN. The Policy will not insure against loss or damage resulting from the terms and provisions of any lease or easement identified in Schedule A, and will include the following Exceptions unless cleared to the satisfaction of the Company: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2. Facts, rights, interests or claims which are not shown by the Public Records but which could be ascertained by an inspection of the Land or by making inquiry of persons in possession thereof. 3. Easements, or claims of easement, not shown by the Public Records; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights, claims or title to water. 4. Any encroachment (of existing improvements located on the Land onto adjoining land or of existing improvements located on adjoining land onto the Land), encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. 5. Any lien, or right to a lien, for services, labor, material, equipment rental or workers compensation heretofore or hereafter furnished, imposed by law and not shown by the Public Records. 6. Water rights, claims to water or title to water, whether or not such lights are a matter of public record. 7. This item has been intentionally deleted. 8. City liens, if any, of the City of Springfield. Note: There are no liens as of July 19, 2019. All outstanding utility and user fees are not liens and therefore are excluded from coverage. 7h/ page is only part ofa 2016AL TAO Commitment fir Tlk Insurance [owed by Rn ,tina irau ride msuoxe Company. rhe, Cornmtment is not valid without the Abdce, lire lamnihnent 0 issue POKY, lire Commitment Cn ditiore,Schedule A, Schedule B, Part l-Reguirc rusu" Schedule B, Part 1U Fmceptions. Copyright 2006-2016 American land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses am prohibited. Reprinted under license from the American Land Title Association. 9. The rights of the public in and to that portion of the premises herein described lying within the limits of streets, roads and highways. 10. The county tax roll discloses a mobile home on the herein described premises which is not included in title insurance coverage. Subject to requirements and provisions of O.R.S. 311.280 pertaining to mobile home taxes becoming liens on real property. 11. The county tax roll discloses a mobile home on the herein described premises which is not included in title insurance coverage. Subject to requirements and provisions of O.R.S. 311.280 pertaining to mobile home taxes becoming liens on real property. 12. Easement, including terms and provisions contained therein: Recording Information: February 28, 1991 as Instrument No. 91-09966 In Favor of: City of Springfield, a municipal corporation, acting by and through its Springfield Utility Board, and unto its successors and assigns For: right-of-way 13. Easement, including terms and provisions contained therein: Recording Information: November 03, 1993 as Instrument No. 93-71060 In Favor of: City of Springfield For: easement 14. Annexation Agreement and the terms and conditions thereof: Between: City of Springfield, an Oregon municipal corporation And: Marian Beach Recording Information: August 26, 2014 as Instrument No. 2014-033531 15. Declaration of Property Une Adjustment, including terms and provisions thereof. Recorded: May 04, 2015 as Instrument No. 2015-019045 and re-recorded May 08, 2015 as Instrument No. 2015-019930 16. Any conveyance or encumbrance by Falk Investments -Springfield, LLC formerly Riverbend Memory Care, LLC and Falk Investments - Springfield II, LLC should be executed pursuant to their Operating Agreement, a copy of which should be submitted to this office for inspection. 17. Unrecorded leases or periodic tenancies, if any. -END OF EXCEPTIONS - phis page is only pa,t ota 2016ALTAp Lbmmmm& dv by RatAmeriran Title insurance Company. !h6 Comnafmam a not valld ndhout the Notice, the Comms ment fo lssue Polky, the Comm¢ment Cmaitlom',Schedule A, Schedule B, Part FRequesments,Schedule B, Part L-Erreptco Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derlvatNe thereof) Is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are Prohibited. Rei rinted under license from the American Land Title Association. INFORMATIONAL NOTES NOTE: We find no matters of public record against TBD that will take priority over any trust deed, mortgage or other security instrument given to purchase the subject real property as established by ORS 18.165. NOTE: Taxes for the year 2019-2020 PAID IN FULL Tax Amount: $1,404.14 Map No.: 17-03-15-40-02500 Property ID: 0150480 Tax Code No.: 00478 NOTE: Taxes for the year 2019-2020 PAID IN FULL Tax Amount: $1,216.19 Map No.: 17-03-15-40-02500 Property ID: 4195747 Tax Code No.: 00478 NOTE: This Preliminary Title Report does not include a search for Financing Statements filed in the Office of the Secretary of State, or in a county other than the county wherein the premises are situated, and no liability is assumed if a Financing Statement is filed in the Office of the County Clerk covering Fixtures on the premises wherein the lands are described other than by metes and bounds or under the rectangular survey system or by recorded lot and block. NOTE: According to the public record, the following deed(s) affecting the property herein described have been recorded within 24 months of the effective date of this report: Statutory Warranty Deed recorded October 31, 2018 as Instrument No. 2018-050893, Falk Investments -Springfield, LLC to Falk Investments -Springfield II, LLC. Situs Address as disclosed on lane County Tax Roll 3535 Game Farm Road, Springfield, OR 97477 M5Page hS ontya part ofa 2016ALTAO Commfinx0tfor TR/e hmarance tssuedtyizuStAmencan 71tk Insurance Canpany. Rus Cbmmdment/s not ud/id mahout the,lbtice,' the Comm/inheatto Lssue Pofa); Me Cam90"WtCal00dions,Scheduk A,' Schedule B, Peatl-nequlrements, SdWd.1a B, PsK u-Ercepha�s. Copyright 2006-2016 American tarts Title Asseciatiun. All rights reserved. The use of this Form (or any derivative thereof) Is resbictecl to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American tand Title Association. ron 53000341(89-18) I Page 9 or 10 1011110 C-03 (Conti 9 p feted) (Rev 4-2-18) ALTA Commitment for Title Insurance (8-1-161 I Oreaonl BY First American First First American Title Insurance Company Exhibit A File No: NCS -970356 -ORI File No.: NCS -970356 -ORI The Land referred to herein below is situated in the County of Lane, State of Oregon, and is described as follows: BEGINNING ATTHE NORTHWEST CORNER OF THE WILLIAM H. STEVENS D.L.C. NO. 46 IN TOWNSHIP 17 SOUTH, RANGE 3 WEST OF THE WILLAMETTE MERIDIAN; THENCE ALONG THE NORTH LINE OF SAID W.H. STEVENS D.L.C. NO. 46, AS SAID LINE IS DEFINED IN C.S.F. NO. 20782 ON FILE IN THE OFFICE OF THE LANE COUNTY SURVEYOR, NORTH 89059'16" EAST 2455.70 FEET TO A POINT, SAID POINT BEING OF RECORD AS MARI(ING THE INTERSECTION OF THE NORTH LINE OF THE W.H. STEVENS D.L.C. NO. 46 AND THE CENTERLINE OF COUNTY ROAD NO. 3; THENCE CONTINUING ALONG THE AFORE -DESCRIBED NORTH LINE NORTH 89°59'16" EAST 440.46 FEET TO A POINT, SAID POINT BEING THE NORTHWEST CORNER OF THAT CERTAIN TRACT OF LAND DESCRIBED IN A WARRANTY DEED RECORDED APRIL 13, 2005, DOCUMENT NO. 2005-026173 LANE COUNTY OREGON DEEDS AND RECORDS; THENCE LEAVING SAID NORTH LINE AND RUNNING ALONG THE WEST BOUNDARY OF SAID LAST DESCRIBED TRACT SOUTH 00007'16" WEST 12.25 FEETTO A POINT REFERENCED BY A 5/8" REBAR SET ON THE SOUTH MARGIN OF DEADMOND FERRY ROAD, SAID POINT BEING 35.0 FEET SOUTHERLY OF, WHEN MEASURED AT RIGHT ANGLES TO, THE CENTERLINE OF DEADMOND FERRY ROAD, SAID POINT ALSO BEING THE TRUE POINT OF BEGINNING; THENCE CONTINUING ALONG SAID WEST BOUNDARY SOUTH 00°07'16" WEST 225.50 FEET, THENCE LEAVING SAID WEST BOUNDARY AND RUNNING SOUTH 89°59'16" WEST 231.53 FEET TO A POINT ON THE EAST BOUNDARY OF THAT CERTAIN TRACT OF LAND CONVEYED TO THE CITY OF SPRINGFIELD THROUGH A WARRANTY DEED RECORDED JUNE 7, 2005, DOCUMENT NO. 2005-041501 LANE COUNTY OREGON DEEDS AND RECORDS; THENCE ALONG SAID EAST BOUNDARY NORTH 32°09'44" WEST 132.48 FEET TO A POINT THAT IS OPPOSITE AND 46.00 FEET EASTERLY OF ENGINEERS CENTERLINE STATION L 26+97.70 P.C.; THENCE CONTINUING ALONG THE SAID EASTERLY BOUNDARY NORTH 32010'18" WEST 11.27 FEET TO A POINT OPPOSITE AND 45.13 FEET EASTERLY OF ENGINEERS'S CENTERLINE STATION L 27+18.02 P.O.C.; THENCE SOUTH 67055'59" WEST 0.33 FEET TO A POINT ON THE EASTERLY BOUNDARY OF THAT CERTAIN TRACT OF LAND CONVEYED TO THE CITY OF SPRINGFIELD THROUGH A WARRANTY DEED RECORDED NOVEMBER 3, 1993 RECEP. NO. 9371060 LANE COUNTY OREGON DEEDS AND RECORDS; THENCE ALONG THE EASTERLY BOUNDARY OF SAID LAST DESCRIBED TRACT THE FOLLOWING THREE(3) COURSES AND DISTANCES, 1.) ALONG THE ARC OF A 273.00 FOOT RADIUS CURVE RIGHT (THE CHORD OF WHICH BEARS NORTH 10°47'28" WEST 74.45 FEET) A DISTANCE OF 74.68 FEET, 2.) ALONG THE ARC OF A 20.00 FOOT RADIUS CURVE RIGHT (THE CHORD OF WHICH BEARS NORTH 43°31'00" EAST 29.00 FEET) A DISTANCE OF 32.44 FEET AND 3.) NORTH 89°59'16" EAST 27.00 FEET, THENCE NORTH 00°00'44" WEST 9.49 FEET TO A POINT ON THE SOUTH MARGIN OF DEADMOND FERRY ROAD, SAID POINT BEING 35.00 FEET SOUTHERLY OF, WHEN MEASURED AT RIGHT ANGLES TO THE CENTERLINE OF DEADMOND FERRY ROAD; THENCE ALONG THE SOUTH MARGIN OF DEADMOND FERRY ROAD NORTH 89056'00" EAST 275.81 FEET TO THE TRUE POINT OF BEGINNING, ALL IN LANE COUNTY OREGON. This page K only pelt ofa 2016 At TAO Cornnvhwent for lite msumme asued ty nr Am irao Title Insurance Company. The, Commihnent le not varAd w fio t the Notice the Commitment to Issue Poky,- the ComrMtment Cmtditons; 5dmotyle A, Schedule B ➢art 1-nequiremen6,Schedule B, Pact Copyright 2006-2016 American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) Is nestricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American land Title Association. r53000341 (8-9-18)) page 10 of 100 01IRO C-03 (Cond 9 Deleted) (Rev 4-2-1B) ALTA Commitment for Title Insurance (8-1-16653000341 (8-9-18)) page 10 of 10 01IRO C-03 (Cond 9 Deleted) (Ree 4-2-1B) ALTA Commitment for Title Insurance (8-1-166 Ori After recording return to: Falk Investments - Springfield 1I, LLC PO Box 198 Cayonville Oregon 97417 Until a change is requested all tax statements shall be sent to the following address: Falk Investments - Springfield 11, LLC PO Box 198 Cayonville Oregon 97417 File No.: NCS-920042-OR1 (VAN) Date: October 22, 2018 Lane County Clerk 2018-050893 Lane County Deeds & Records 10/31/2018 01:46:00 PM RPR -DEED Cnt=1 Sliel CASHIER 05 3pages $15.00$11.00 slow 361.00 $97.00 STATUTORY WARRANTY DEED Falk Investments -Springfield, LLC, an Oregon Limited Liability Company, Grantor, conveys and warrants t3 Falk Investments - Springfield II, LLC, an Oregon limited liability company, Grantee, the following described real property free of liens and encumbrances, except as specifically set forth herein: LEGAL DESCRIPTION: Real property In the County of Lam, State of Oregon, described as follows: See Exhibit A attached Subyectto: 1. Covenants, conditions, restrictions and/or easements, if any, affecting title, which may appear in the public record, including those shown on any recorded plat or survey. The true consideration for this Conveyance Is $0.00 (He,c rvmeb wan mU1ammas W oes 93 030) Page 10! 3 APN: i>-0.i-IS-90-0S50a 5pM«y wananN Ucea He No.: NCS -929"2 -ON (W n cmtmuea BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON TRANSFERRING FEE TITLE SHOULD INQUIRE ABOUT THE PERSON'S RIGHTS, IF ANY, UNDER ORS 195.300, 195.301 AND 195.305 TO 195.336 AND SECTIONS 5 TO 11, CHAPTER 424, OREGON LAWS 2007, SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009, AND SECTIONS 2 TO 7, CHAPTER 8, OREGON LAWS 2010, THIS INSTRUMENT DOES NOT ALLOW USE OF THE PROPERTY DESCRIBED IN THIS INSTRUMENT IN VIOLATION OF APPLICABLE LAND USE LAWS AND REGULATIONS. BEFORE SIGNING OR ACCEPTING THIS INSTRUMENT, THE PERSON ACQUIRING FEE TITLE TO THE PROPERTY SHOULD CHECK WITH THE APPROPRIATE CRY OR COUNTY PLANNING DEPARTMENT TO VERIFY THAT THE UNIT OF LAND BEING TRANSFERRED IS A LAWFULLY ESTABLISHED LOT OR PARCEL, AS DEFINED IN ORS 92,010 OR 215.010, TO VERIFY THE APPROVED USES OF THE LOT OR PARCEL, TO DETERMINE ANY LIMITS ON LAWSUITS AGAINST FARMING OR FOREST PRACTICES, AS DEFINED IN ORS 30.930, AND TO INQUIRE ABOUT THE RIGHTS OF NEIGHBORING PROPERTY OWNERS, IF ANY, UNDER ORS 195.300, 195.301 AND 195.305 TO 195.336 AND SECTIONS 5 TO 11, CHAPTER 424, OREGON LAWS 2007, SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009, AND SECTIONS 2 TO 7, CHAPTER B, OREGON LAWS 2010. Dated this l L day of Y' 20-. Falk Investments - Springfield, LLC, an Oregon limited liability ormpany Name: GregoryA. Falk Tide: Manager STATE OF Oregon )ss. County of 214kG oy s ) This instrument was acknowledged before me on this 2 Y day of CX44� 2018 by Gregory A. Falk as Manager of Falk Investments -Springfield, LLC, on behalf of the Oregon limited liability cumparry. -------------------- OFFlCW.STMIP 7`�`� PHILLIP DUECHLE ` –� NOTARY FUBLJC-0 GOPI CONM�6SION N0.97895] Notary Public for Oregon AMICOMWBBICN UPME-a SEPTEMBER 26.PBY[ My commission expires:: P., 2d 2or 3 AM: 17-03-15-40.02500 cwt Werram Deed Flle Na.: NCS -920042 -GRI (WW) ontm M Exhibit A LEGAL DESCRIPTION: Real property in the County of Lane, State of Oregon, deserted as follows: BEGINNING AT THE NORTHWEST CORNER OF THE WILLIAM H. STEVENS D.L.C. NO. 461N TOWNSHIP 17 SOUTH, RANGE 3 WEST OF THE WILLAMETTE MERIDIAN; THENCE ALONG THE NORTH LINE OF SAID W.H. STEVENS D.L.C. NO. 46, AS SAID LINE IS DEFINED IN C.S.F. NO. 20782 ON FILE IN THE OFFICE OF THE LANE COUNTY SURVEYOR, NORTH 89°59'16" EAST 2455.70 FEET TO A POINT, SAID POINT BEING OF RECORD AS MARKING THE INTERSECTION OF THE NORTH LINE OF THE W.H. STEVENS D.L.C. NO. 46 AND THE CENTERLINE OF COUNTY ROAD NO. 3; THENCE CONTINUING ALONG THE AFORE -DESCRIBED NORTH LINE NORTH 89°59'16" EAST 440.46 FEET TO A POINT, SAID POINT BEING THE NORTHWEST CORNER OF THAT CERTAIN TRACT OF LAND DESCRIBED IN A WARRANTY DEED RECORDED APRIL 13, 2005, DOCUMENT NO. 2005-026173 LANE COUNTY OREGON DEEDS AND RECORDS; THENCE LEAVING SAID NORTH LINE AND RUNNING ALONG THE WEST BOUNDARY OF SAID LAST DESCRIBED TRACT SOUTH 00°07'16" WEST 12.25 FEET TO A POINT REFERENCED BY A 5/8" REBAR SET ON THE SOUTH MARGIN OF DEADMOND FERRY ROAD, SAID POINT BEING 35.0 FEET SOUTHERLY OF, WHEN MEASURED AT RIGHT ANGLES TO, THE CENTERLINE OF DEADMOND FERRY ROAD, SAID POINT ALSO BEING THE TRUE POINT OF BEGINNING; THENCE CONTINUING ALONG SAID WEST BOUNDARY SOUTH 00°07'16" WEST 225.50 FEET; THENCE LEAVING SAID WEST BOUNDARY AND RUNNING SOUTH 89°59'16" WEST 231.53 FEET TO A POINT ON THE EAST BOUNDARY OF THAT CERTAIN TRACT OF LAND CONVEYED TO THE CITY OF SPRINGFIELD THROUGH A WARRANTY DEED RECORDED ]UNE 7, 2005, DOCUMENT NO. 2005-041501 LANE COUNTY OREGON DEEDS AND RECORDS, THENCE ALONG SAID EAST BOUNDARY NORTH 32°09'44" WEST 132.48 FEET TO A POINT THAT IS OPPOSITE AND 46.00 FEET EASTERLY OF ENGINEERS CENTERLINE STATION L 26+97.70 P.C.; THENCE CONTINUING ALONG THE SAID EASTERLY BOUNDARY NORTH 32"10'18" WEST 11.27 FEET TO A POINT OPPOSITE AND 45.13 FEET EASTERLY OF ENGINEERS'S CENTERLINE STATION L 27+18.02 P.O.C.; THENCE SOUTH 67°55'59" WEST 0.33 FEET TO A POINT' ON THE EASTERLY BOUNDARY OF THAT CERTAIN TRACT OF LAND CONVEYED TO THE CITY OF SPRINGFIELD THROUGH A WARRANTY DEED RECORDED NOVEMBER 3, 1993 RECEP, NO. 9371060 LANE COUNTY OREGON DEEDS AND RECORDS; THENCE ALONG THE EASTERLY BOUNDARY OF SAID LAST DESCRIBED TRACT THE FOLLOWING THREE(3) COURSES AND DISTANCES, 1.) ALONG THE ARC OF A 273.00 FOOT RADIUS CURVE RIGHT (THE CHORD OF WHICH BEARS NORTH 10°47'28" WEST 74.45 FEET) A DISTANCE OF 74.68 FEET, 2.) ALONG THE ARC OF A 20.00 FOOT RADIUS CURVE RIGHT CTHE CHORD OF WHICH BEARS NORTH 43°31'00" EAST 29.00 FEET) A DISTANCE OF 32.44 FEET AND 3.) NORTH 89° 59'16" EAST 0.00 FEET; THENCE NORTH 00000'44" WEST 9.49 FEETTO A POINT ON THE SOUTH MARGIN OF DEADMOND FERRY ROAD, SAID POINT BEING 35.00 FEET SOUTHERLY OF, WHEN MEASURED AT RIGHT ANGLES TO THE CENTERLINE OF DEADMOND FERRY ROAD; THENCE ALONG THE SOUTH MARGIN OF DEADMOND FERRY ROAD NORTH 89056'00" EAST 275.81 FEET TO THE TRUE POINT OF BEGINNING, ALL IN LANE COUNTY OREGON. Page 3 of 3