Governors Club Title Commitment

Page 1

SCHEDULE A COMMITMENT

Name and Address of Title Insurance Company:

Old Republic National Title Insurance Company 400 Second Avenue South Minneapolis, MN 55401

File Number: T11-126

Commitment Number: T11-126

1.

Effective Date:

2.

Policy (or Policies) to be issued: (a)

X

April 21, 2011 at 08:00 AM

ALTA Owner's Policy

Amount ( ALTA Own. Policy (6/17/06) )

Proposed Insured: TBD (b)

ALTA Loan Policy Proposed Insured:

3.

Fee Simple interest in the land described in this Commitment is owned, at the Commitment Date, by Lawrence W. Mitchell and wife, Ramona Mitchell

4.

The Land referred to in the Commitment is described as follows: Land in Williamson County, Tennessee, being Lot(s) 74, as shown on the map entitled Phase II, The Governors Club at Pleasant Hill, of record in Plat Book 25, Page 66, Register's Office for Williamson County, Tennessee, to which plan reference is hereby made for a more complete and accurate legal description. Being the same property conveyed to Lawrence W. Mitchell and wife, Ramona Mitchell, by deed from The Governors Club, LLC, a Tennessee limited liability company, of record in Book 1605, Page 330, dated December 19, 1997, said Register's Office.

Issued through the Office of:

Authorized Officer or Agent

ORT Form 4308 ALTA Commitment for Title Insurance 6/06 Schedule A

(MITCHELL, LAWRENCE W..PFD/T11-126/7)


File Number: T11-126

Commitment Number: T11-126

SCHEDULE B - I REQUIREMENTS The following requirements must be met: 1.

Pay the agreed amounts for the interest in the land and/or the mortgage to be insured.

2.

Pay us the premiums, fees and charges for the policy.

3.

Documents satisfactory to us creating the interest in the land and/or the mortgage to be insured must be signed, delivered and recorded.

4.

You must tell us in writing the name of anyone not referred to in this commitment who will get an interest in the land or who will make a loan on the land. We may then make additional requirements or exceptions.

5.

Williamson County taxes for 2010, Map-Par. 34N-A-9.00, $16,125.00, Paid. City of Brentwood taxes for 2010, Map-Par. 34N-A-9.00 , $3,496.00, Paid.

6.

The Company requires compliance with S. 0780-1-12-.01 of the Regulations of the Tennessee Department of Commerce and Insurance.

7.

Submission of written evidence from the Homeowner's Association, that any and all maintenance fees, recreational fees and/or association assessments are paid in full to a current date.

ORT Form 4308 ALTA Commitment for Title Insurance 6/06 Schedule B-I

(MITCHELL, LAWRENCE W..PFD/T11-126/7)


File Number: T11-126

Commitment Number: T11-126

SCHEDULE B - II EXCEPTIONS Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company. 1.

Any discrepancies, conflicts, easements, boundary line disputes, encroachments or protrusions, or overlapping of improvements which would be disclosed by an inspection and accurate survey of the premises.

2.

Rights and claims of parties in possession.

3.

Mechanics', Contractors', or Materialmen's liens and lien claims, if any, where no notice thereof appears on record.

4.

Any facts, rights, interests or claims which are not shown by the public record, but which could be ascertained or by making inquiry of person(s) in possession thereof.

5.

Liens, encumbrances, or claims thereof, which are not shown by the public record.

6.

Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the Effective Date but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment.

7.

General or special taxes and assessments required to be paid in the year 2011 and subsequent years.

8.

Williamson County and City of Brentwood taxes and assessments required to be paid in the year 2011 and subsequent years for Map-Par. 34N-A-9.00. If improvements are completed after January 1 of any year the law requires supplemental assessments for the year in which improvements are completed, as defined by Statute. The Company assumes no liability for taxes assessed by correction pursuant to the provisions of Tennessee Code Annotated sections 67-5-603, et seq.

9.

Matters shown on the Plan of record in Plat Book 25, Page 66, said Register's Office.

10.

Declaration of Covenants, Conditions, Liens, Easements and Restrictions, including, but not limited to, easements, assessments, special assessments, charges and liens, contained in an instrument of record in Book 1542, Page 958, amended in Book 1570, Page 863, Book 1827, Page 454, Book 2177, Page 171, Book 2423, Page 437 and Book 2579, Page 611, Book 2805, Page 200, Book 2926, Page 908, Book 2996, Page 490, Book 3281, Page 978, Book 3453, Page 377, Book 3601, Page 813, rerecorded in Book 3606, Page 212, Book 3779, Page 238 corrected by Book 4472, Page 418, Book 4482, Page 333 and in Book 4974, Page 937, said Register's Office.

11.

Easement granted to Middle Tennessee Electric Membership Corporation of record in Book 250, Page 695, said Register's Office.

12.

Assessments as set forth in the Declaration of Covenants and Restrictions for The Governors Club at Pleasant Hill of record in Book 1542, Page 958, said Register's Office.

13.

Easements as set forth in the Declaration of Covenants and Restrictions for The Governors Club at Pleasant Hill of record in Book 1542, Page 958, said Register's Office.

14.

Rights of others in and to the use of the common areas/elements.

15.

Informational Note: The chain of title reveals the following deeds to grantees, who have owned said premises for the last 24 months, other than the instrument(s) referred to in Schedule A, Item 5 herein: NONE

ORT Form 4308 ALTA Commitment for Title Insurance 6/06 Schedule B-II

(MITCHELL, LAWRENCE W..PFD/T11-126/7)


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