003_State+Contract+Summary-LAOEnergy-Updated.docx

ND STATE CONTRACT INFORMATION

1115 13th Street Havre, MT 59501 Contact: Levi Olsen, leviolsen@hotmail.com 720-465-4452

CONTRACT INTRODUCTION

This contract is for land title services relating to leasing/easements/rights of way acquisitions, landowner negotiations, reclamation negotiations, and curative work for surface and mineral ownership.

CONTRACT SERVICES

Land Title services provided under this contract include:

1. Leasing/Easement Surface Title Work - Determine surface ownership interests for a project and provide a title run sheet and index showing the chain of title back to sovereignty of land, proving ownership of surface interest.

2. Leasing/Easement Mineral Title Work - Determine mineral ownership of all interests in the mineral estate, including title run-sheets, ownership report, and a detailed mineral ownership breakdown that shows, when applicable, the division of the minerals.

3. Current Owner Search - Research current ownership of a parcel of land, the correct and accurate legal description, locate liens, releases, judgments, and out conveyances executed by current owner. Verify all taxes are paid to date.

4. Institutional Lender Search - Research from the current deed of record forward locating any open mortgages/deed of trust, judgments, tax liens, pending suits, and UCC’s that affect the property. Verify all taxes as paid to date.

5. Deed Report – Create deed reports that include correct legal description, tax information, and location of the last conveyance of the property to the current owner.

6. Mortgage Report – Create mortgage reports that include the location of any open or outstanding mortgages of record, lender name, loan amount, execution date, record date, document number and whether the document was signed by the proper entity. Any assignments of the lien shall be located and reported.

7. Single Index Research - Search for certain items filed, or a record within a certain time period, such as federal and state tax lien search, old probate, old divorce, missing deeds, etc.

8. Curative Title Work – Measures taken to correct deficiencies in a chain of title, to otherwise fix defects in the chain of title, or to alleviate risks to title identified during an examination of a land abstract, including, but not limited to, correcting property ownership instruments and reconciling titles with the use and possession of land, confirming vestings, confirming addresses, identifying delinquent taxes, preparing assignments needed to complete chain, resolving problems regarding improper transfers of title, clearing of judgments, clearing or subordinating liens, and recording necessary reconveyances.

9. Surface Use, Damage, Reclamation, Restoration Negotiations, Lease and Right of Way Acquisitions – Assisting in surface use or damage agreement resolutions and in managing and facilitating negotiations for lease and right of way acquisitions; to include, but not limited to, reviewing title abstracts and site assessment information and providing information as to possible options to resolve responsible party issues involving surface use, reclamation, remediation, and/or restoration. locations

COOPERATIVE PURCHASING

This contract is a cooperative purchasing contract established pursuant to North Dakota Century Code Section 54-44.4-13. This contract is made available to state entities, institutions under the jurisdiction of the State Board of Higher Education, other government entities (including counties, cities, townships, public primary and secondary educational entities, governmental boards and commissions), nonprofit entities established on behalf of public entities, tribal agencies, transportation providers under N.D.C.C. § 39-04.2, and the International Peace Garden.

PURCHASING CARDS

State may make payments under this contract using a state purchasing card. See the contract related to payments using the STATE purchasing card.

TAXES

State is not responsible for and will not pay local, state, or federal taxes. State sales tax exemption number is E 2001. State will furnish certificates of exemption upon request by the Contractor.

PRICING FOR SERVICES

See contracts attached to the state contract listing for each Contractor’s hourly rates and miscellaneous expenses.

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