A06_40648308_ATR_101-08_Title_Binder.pdf

File No: LA-37115

Old Republic National Title Insurance Company

COMMITMENT FOR TITLE INSURANCE

SCHEDULE A

1. Commitment Date: April 12, 2023, 08:00 am

2. Policy (or Policies) to be issued: POLICY AMOUNT

(a) ALTA U.S. POLICY (9-28-91) (Revised 12-3-12) $300,000.00 Proposed Insured: United States of America and it's assigns.

(b) ALTA LOAN POLICY (8-01-2016) Proposed Insured:

3. Fee Simple interest in the land described in this Commitment is owned, at the Commitment Date, by Ice Age Trail Alliance, Inc.

4. The land referred to in the Commitment is described as follows:

SEE ATTACHED EXHIBIT "A"

ALTA Commitment - Schedule A Page 1

EXHIBIT "A"

Tract 101-08

Part of Government Lot 1, part of Lot 1 of Certified Survey Map recorded in Volume 12, on Page 70, as Document Number 378458, all of Outlot 1 of Certified Survey Map recorded in Volume 20, on Page 28, as Document Number 462746, and all of Outlot 1 of Certified Survey Map recorded in Volume 20, on Page 66, as Document Number 465223, all filed in the Langlade County Register of Deeds Office; all located in the Northwest Quarter (NW1/4) of the Southeast Quarter (SE1/4), Government Lot 1 and Government Lot 2 of Section Fifteen (15), Township Thirty-one (31) North, Range Twelve (12) East, more particularly described as follows:

Commencing at the West quarter corner of said Section Fifteen (15); thence North 89 °09'34" East, coincident with the North line of said Government Lot 2, 2018.22 feet to the Northwest corner of Lot 1 of said Certified Survey Map recorded as Document Number 465223 and the East right-of-way line of Hanke Road; thence South 09°53'39" West, coincident with said East right-of-way line of Hanke Road, 406.96 feet to the Southwest corner of said Lot 1 of Certified Survey Map recorded as Document Number 465223, the Northwest corner of said Outlot 1 of Certified Survey Map recorded as Document Number 465223 and the point of beginning; thence South 66°48'43" East, coincident with the North line of said Outlot 1 of Certified Survey Map recorded as Document Number 465223, 280.90 feet; thence South 81°56'20' East, coincident with the North line of said Outlot 1 of Certified Survey Map recorded as Document Number 465223, 189.33 feet to the Northeast corner of said Outlot 1 of Certified Survey Map recorded as Document Number 465223 and the Southwest corner of Outlot 2 of said Certified Survey Map recorded as Document Number 465223; thence South 72 °04'24" East, coincident with the South line of said Outlot 2 and the South line of Outlot 3 of said Certified Survey Map recorded as Document Number 465223, 287.40 feet to the Southeast corner of said Outlot 3 and the Southwest corner of Lot 1 of Certified Survey Map recorded as Document Number 462682; thence South 62 °09'27" East, coincident with the South line of said Lot 1 of Certified Survey Map recorded as Document Number 462682, 129.65; thence North 89°09'02" East, coincident with said South line of Lot 1 of Certified Survey Map recorded as Document Number 462682 and the North line of said Lot 1 of Certified Survey Map recorded as Document Number 378458, 803.28 feet; thence North 01°30'49" East, coincident with said North line of Lot 1 of Certified Survey Map recorded as Document Number 378458, 359.36 feet; thence North 89°09'07" East, coincident with said North line of Lot 1 of Certified Survey Map recorded as Document Number 378458, 369.37 feet to the Northeast corner of said Lot 1 of Certified Survey Map recorded as Document Number 378458 and the East line of said Northwest Quarter (NW1/4) of the Southeast Quarter (SE1/4); thence South 01 °32'09" West, coincident with said East line of the Northwest Quarter (NW1/4) of the Southeast Quarter (SE1/4), 987.44 feet to the Southeast corner of said Lot 1 of Certified Survey Map recorded as Document Number 378458, the Southeast corner of said Northwest Quarter (NW1/4) of the Southeast Quarter (SE1/4) and the Northeast corner of said Government Lot 1; thence South 88°44'52" West, coincident with the South line of said Lot 1 of Certified Survey Map recorded as Document Number 378458, the South line of said Northwest Quarter (NW1/4) of the Southeast Quarter (SE1/4) and the North line of said Government Lot 1, 33.10 feet to the West right-of-way line of Bolen Road; thence South 02°56'39" West, coincident with said West right-of-way line, 477.75 feet; thence South 04 °28'49" West, coincident with said West right-of-way line, 220.79 feet; thence South 16 °58'55" West, coincident with said West right-of-way line, 79.52 feet; thence South 25 °39'03" West, coincident with said West right-of-way line, 542.16 feet; thence South 41°50'23" West, coincident with said West right-of-way line, 43.73 feet; thence South 70°20'06" West, coincident with said West right-of-way line, 51.65 feet; thence South 86 °40'42" West, coincident with said West right-of-way line, 149.95 feet; thence South 88 °22'33" West, coincident with said West right-of-way line, 173.80 feet; thence South 87 °49'05" West, coincident with said West right-of-way line, 384.45 feet; thence South 71°05'50" West, coincident with said West right-of-way line, 54.19 feet; thence North 02°05'24" East, 228.53 feet; thence South 88°08'41" West, 175.87 feet to the beginning of a meander line of Mueller Lake, said point being North 88°08'41" East, 87 feet more or less from the water's edge of said Mueller Lake; thence North 23°26'32" East, coincident with said meander line, 139.81 feet; thence North 39 °27'52" West, coincident with said meander line, 184.29 feet; thence South 59 °55'38" West, coincident with said meander line,

208.24 feet; thence North 69°30'24" West, coincident with said meander line, 169.12 feet; thence North 19 °36'35" East, coincident with said meander line, 128.71 feet; thence North 78 °29'08" West, coincident with said meander line, 146.99 feet to the end of said meander line, said point being North 00 °03'22" West, 33 feet more of less from said water's edge of Mueller Lake; thence North 00 °03'22" West, 626.95 feet to the South line of Lot 3 of Certified Survey Map recorded in Volume 10, on Page 66, as Document Number 352265, filed in the Langlade County Register of Deeds Office; thence North 79 °40'40" East, coincident with said South line of Lot 3 of Certified Survey Map recorded as Document Number 352265, 71.75 feet; thence North 77 °38'42" East, coincident with said South line of Lot 3 of Certified Survey Map recorded as Document Number 352265, 310.60 feet to the Southwest corner of said Outlot 2 and the Southeast corner of Outlot 1 of Certified Survey Map recorded as Document Number 462746; thence North 06°48'28" West, coincident with the West line of said Outlot 2 and the East line of said Outlot 1 of Certified Survey Map recorded as Document Number 462746,

698.02 feet to the North corner of said Outlot 1 of Certified Survey Map recorded as Document Number 462746 and the Southeast corner of said Outlot 1 of Certified Survey Map recorded as Document Number 465223;

thence North 75°42'02" West, coincident with the South line of said Outlot 1 of Certified Survey Map recorded as Document Number 465223, 518.56 feet to said East right-of-way line of Hanke Road; thence North 31 °57'43" East, coincident with said East right-of-way line, 99.42 feet; thence North 09 °53'39" East, coincident with said East right-of-way line of Hanke Road, 45.35 feet to said Northwest corner of Outlot 1 of Certified Survey Map recorded as Document Number 465223 and the point of beginning.

Including all lands lying between said meander line, said water's edge of Mueller Lake, and the South and West lines of said parcel extended to said water's edge.

The land described above is known as a Plat of Survey from REI Civil & Environmental Engineering Surveying dated February 3, 2023 as Map No, 20554 and filed in the Langlade County Surveyors Office.

(Town of Polar, Langlade County, Wisconsin)

Tax Key 022-0236 022-0238.006 022-0233.002 (part of) 022-0233.004 (part of)

COMMITMENT FOR TITLE INSURANCE

SCHEDULE B - SECTION I

REQUIREMENTS

Effective Date: April 12, 2023, 08:00am The following requirements must be met:

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

(b) Pay us the premium, fees and charges for the policy.

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

(d) 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.

Deed from Ice Age Trail Alliance, Inc., a Wisconsin non-stock corporation to the United States1.

of America and it's assigns.

Langlade Abstract and Title Company, Inc., must be provided with a Corporate Resolution2.

authorizing the proposed transaction called for at Item #1 specifying who has the authority to sign documents to complete the transaction. Said Resolution shall be acknowledged by the Secretary of Ice Age Trail Alliance, LLC..

ALTA Commitment - Schedule B - Section I This commitment is invalid unless the insuring Provisions and Schedule A and B are attached.

COMMITMENT FOR TITLE INSURANCE

SCHEDULE B - SECTION II

EXCEPTIONS

Effective Date: April 12, 2023, 08:00am

Any policy we issue will have the following exceptions unless they are taken care of to our satisfaction.

Liens, hook-up charges or fees, deferred charges, reserve capacity assessments, impact fees, or other1.

charges or fees due and payable on the development or improvement of the Land, whether assessed or charged before or after the Date of the Policy.

The company assures the priority of the lien of the insured mortgage over any such lien, charge or fee.

NOTE: Exception 1 of Schedule B-II will be removed only if the Company receives (1) written evidence from the municipality that there are no deferred charges, hookup fees, or other fees or charges attaching to the property; (2) evidence that the Land contains a completed building; and (3) statement showing that the Land has a water and sewer use account. If the Land is vacant, this exception will not be removed.

Any encroachment, encumbrance, violation, variation or adverse circumstance affecting the Title that2.

would be disclosed by an accurate and complete land survey of the Land. This exception will be removed from the final policy as a Plat of Survey has been provided.

Easement or claims of easements not shown by the public records.3.

Any claim of adverse possession or prescriptive easement. This exception will be removed from the4.

final policy as a Plat of Survey has been provided.

General taxes for the year 2023 and thereafter, none now due and payable.5.

Public or private rights, if any, in such portion of the subject premises as may be presently used, laid6.

out, or dedicated in any manner whatsoever for highway purposes.This exception will be removed from the final policy as a Plat of Survey has been provided.

Rights or claims of any spouse of the record title holder, his or her successors or assigns, under7.

Chapter 766, WIS STAT. This exception will be removed from the final policy.

ALTA Commitment - Schedule B - Section II This commitment is invalid unless the insuring

Any adverse claim based upon the assertion that:8.

1. Said land or any part thereof is now or at any time has been below the ordinary highwater mark of Mueller Lake or any other body of water.

2. Some portion of said land has been created by artificial means or has accreted to such portion so created.

3. Some portion of said land has been brought within the boundaries thereof by an avulsive movement of Mueller Lake or any other body of water or has been formed by accretion to any such portion.

Riparian Rights are neither guaranteed nor insured.9.

Taxes for the year 2022, in the sum of $294.86, postponed portion $147.43. (Tax Key 022-0233.002)10.

Taxes for the year 2022, were paid for the following parcels: 022-0233.004, 022-0236 and 022-022-0238.004.

ALTA Commitment - Schedule B - Section II This commitment is invalid unless the insuring