Attachment__1A_3626043774CDW_8th_Supplemental.pdf

FDOR0211.rdw

Ticor Title Company

PRELIMINARY REPORT

In response to the application for a policy of title insurance referenced herein Ticor Title Company hereby reports that it is prepared to issue, or cause to be issued, as of the specified date, a policy or policies of title insurance describing the land and the estate or interest hereinafter set forth, insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an exception herein or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations or Conditions of said policy forms.

The printed Exceptions and Exclusions from the coverage of said policy or policies are set forth in Exhibit One.

The policy to be issued may contain an arbitration clause. When the Amount of Insurance is less than that set forth in the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Copies of the policy forms should be read. They are available from the office which issued this report.

This report (and any supplements or amendments hereto) is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby.

The policy(s) of title insurance to be issued hereunder will be policy(s) of Chicago Title Insurance Company, a/an Nebraska corporation.

Please read the exceptions shown or referred to herein and the Exceptions and Exclusions set forth in Exhibit One of this report carefully. The Exceptions and Exclusions are meant to provide you with notice of matters which are not covered under the terms of the title insurance policy and should be carefully considered.

It is important to note that this preliminary report is not a written representation as to the condition of title and may not list all liens, defects and encumbrances affecting title to the land.

This preliminary report is for the exclusive use of the parties to the contemplated transaction, and the Company does not have any liability to any third parties nor any liability until the full premium is paid and a policy is issued. Until all necessary documents are placed of record, the Company reserves the right to amend or supplement this preliminary report.

Countersigned

FDOR0212.rdw

Ticor Title Company 111 SW Columbia, Suite 1000, Portland, OR 97201

(503)242-1210 FAX (503)242-0770

Email: Robin.Hamilton@titlegroup.fntg.com

PRELIMINARY REPORT

ESCROW OFFICER: Candice Weischedel ORDER NO.: 3626043774CDW-TTPOR50

SUPPLEMENTAL NO. 8TITLE OFFICER: Mark Davison

TO: Ticor Title Company Attn: Candice Weischedel 111 SW Columbia, Suite 1000 Portland, OR 97201

OWNER/SELLER: The City of Portland, through its Bureau of Water Works, a municipal corporation, as to Parcel 2A, and the City of Portland, a municipal corporation, as to the remainder

BUYER/BORROWER: Forest Service

PROPERTY ADDRESS: Bull Run Exchange Parcels

Corbett, Oregon 97019

EFFECTIVE DATE: November 19, 2015, 08:00 AM

1. THE POLICY AND ENDORSEMENTS TO BE ISSUED AND THE RELATED CHARGES ARE:

AMOUNT PREMIUM

Governmental Service Fee $ 25.00

2. THE ESTATE OR INTEREST IN THE LAND HEREINAFTER DESCRIBED OR REFERRED TO COVERED

BY THIS REPORT IS:

A Fee

3. TITLE TO SAID ESTATE OR INTEREST AT THE DATE HEREOF IS VESTED IN:

The City of Portland, through its Bureau of Water Works, a municipal corporation, as to Parcel 2A, and the City of Portland, a municipal corporation, as to the remainder

4. THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE CITY OF CORBETT IN THE

COUNTY OF MULTNOMAH, STATE OF OREGON, AND IS DESCRIBED AS FOLLOWS:

SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF

PRELIMINARY REPORT

(Continued)

Order No.: 3626043774CDW-TTPOR50

FDOR0212.rdw

EXHIBIT "A"

2nd REVISED

The following described tracts of land situated in Township 1 South, Range 5 East of the Willamette Meridian, in the County of Multnomah and County of Clackamas and State of Oregon:

PARCEL 1A - The Northwest one-quarter of the Northeast one-quarter of Section 23 in the County of Multnomah.

PARCEL 1B - The South one-half of the Southwest one-quarter, the Northeast one-quarter of the Southeast one-quarter and the South one-half of the Southeast one-quarter of Section 23 in the County of Multnomah.

PARCEL 2 - Section 24, EXCEPT THEREFROM the North one-half of the Southeast one-quarter of the Northwest one-quarter in the County of Multnomah.

PARCEL 2A: The North one-half of the Southeast one-quarter of the Northwest one-quarter of Section 24, in the County of Multnomah and State of Oregon.

PARCEL 3 - The Northwest one-quarter of Section 26, in the Counyt of Clackamas County.

The following described tracts of land situated in Township 1 South, Range 6 East of the Willamette Meridian, in the County of Multnomah and County of Clackamas and State of Oregon:

PARCEL 4A - The Northeast one-quarter of Section 18 in the County of Multnomah.

PARCEL 4B - Unnumbered Lot in the South half of the Southwest quarter of the Northwest Quarter of Section 18 (also shown in Deed of record as the South one-half of Lot 2) and the South one-half of the Southeast one-quarter of the Northwest one-quarter of Section 18 in the County of Multnomah.

REVISED PARCEL 5 - Lots 1 to 3 inclusive, the Northwest one-quarter of the Northeast one-quarter and the East one-half of the Northwest one-quarter, all in Section 19 in the County of Multnomah.

PARCEL 5A: The Southeast one-quarter of the Southeast one-quarter of the Southeast quarter of Section 19, Township 1 South, Range 6 East, in the County of Multnomah.

PARCEL 5B: The South one-half of the Northwest one-quarter of the Northeast one-quarter of Section 30, Township 1 South, Range 6 East, in the County of Clackamas.

PARCEL 6A - The South one-half of the Southwest one-quarter of Section 20 in Multnomah County.

PARCEL 6B - The South one-half of the Northeast one-quarter AND the Southeast one-quarter of Section 20, in the County of Multnomah.

EXCEPTING THEREFROM the Northeast one-quarter of the Southeast one-quarter of the Northeast one-quarter of the Southeast one-quarter of said Section 20.

PRELIMINARY REPORT

(Continued)

Order No.: 3626043774CDW-TTPOR50

FDOR0212.rdw

PARCEL 7 - The Northeast one-quarter of the Northeast one-quarter, the South one-half of the Northeast one-quarter and the Northeast one-quarter of the Southeast one-quarter of Section 30, in the Clackamas County.

PARCEL 8 - The North one-half of the North one-half of Section 32 in the Clackamas County.

The following described tract of land situated in Township 2 South, Range 6 East of the Willamette Meridian, in the County of Clackamas and State of Oregon:

PARCEL 9 - The Northwest one-quarter of Section 12.

The following described tract of land situated in Township 2 South, Range 7 East of the Willamette Meridian, in the County of Clackamas and State of Oregon:

PARCEL 10 - Lots 1 and 2 and the South one-half of the Northeast one-quarter of Section 2.

FDOR0390.rdw

Order No.: 3626043774CDW-TTPOR50

AS OF THE DATE OF THIS REPORT, ITEMS TO BE CONSIDERED AND EXCEPTIONS TO COVERAGE IN

ADDITION TO THE PRINTED EXCEPTIONS AND EXCLUSIONS IN THE POLICY FORM WOULD BE AS

FOLLOWS:

GENERAL EXCEPTIONS:

1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that 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. ������

4. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land.

5. Any lien for services, labor or material heretofore or hereafter furnished, or for contributions due to the State of Oregon for unemployment compensation or worker's compensation, imposed by law and not shown by the Public Records.

SPECIFIC ITEMS AND EXCEPTIONS:

6. The subject property is under public, charitable, fraternal, or religious organization ownership and is exempt from ad valorem taxation. Any change in ownership prior to delivery of the assessment roll may result in tax liability.

Tax Account No.:

�R99523 0010, 1S5E 1300, Code 073 - Affects Parcel 1 A �R99523 0030, 1S5E 1100, Code 073 - Affects Parcel 1 B

R99524 0010, 1S5E 900, Code 073 - Affects Parcel 2 R343033, 1S5E-01000, Code 073 - Affects Parcel 2A 00162530, 15E 00400, Code 046 029 - Affects Parcel 3 and other property also Intentionally Deleted. ( 01145139, Manufactured Structure----Acct Deleted)

�R99618 0010, 1S6E 1800, Code 073 - Affects Parcel 4 A �R99618 0030, 1S6E 2000, Code 073 - Affects Parcel 4 B �R99619 0010, 1S6E 2200, Code 073 - Affects Parcel 5 and 5A �R99620 0010, 1S6E 2400, Code 073 - Affects Parcel 6 A �R99620 0030, 1S6E 2500, Code 073 - Affects Parcel 6 B and other property also

00164725, 16E 00600, Code 046 001 - Affects Parcel 5, 7 and other property also 00164734, 16E 00900, Code 046 001 - Affects Parcel 8 00703705, 26E 00300, Code 046 001 - Affects Parcel 9 00718637, 27E 00200, Code 046 039 - Affects Parcel 10

7. The Land has been classified as Forest Land, as disclosed by the tax roll. If the Land becomes disqualified, said Land may be subject to additional taxes and/or penalties.

Affects: Parcel 2A

8. Intentionally Deleted.

9. Any adverse claim based upon the assertion that:

A) Some portion of said land has been brought within the boundaries thereof by an avulsive movement of the South Fork, Hickman Creek and unnamed creek or has been formed by accretion or reliction to any such portion.

B) Some portion of said property has been created by deposit of artificial fill.

C) The rights of the public and governmental bodies for fishing, navigation and commerce in and to any portion of the premises herein described, lying below the high water line of the South Fork, Hickman Creek and unnamed creek.

D) The right, title and interest of the State of Oregon in and to any portion lying below the high water line of South Fork, Hickman Creek and unnamed creek.

10. Any policy of title insurance issued under this application will not insure a legal right of access to and from said Land. Insuring Provision 4 will be deleted.

Affects: Various tracts

11. Rights of the public to any portion of the Land lying within the area commonly known as streets, roads and highways.

Affects: Various tracts

12. Intentionally Deleted.

13. Reservation as contained in Deed

Reserved by: United States of America Purpose: Right-of-way for ditches or canals constructed by the authority of the United States Recording Date: March 2, 1893 Recording No.: Book 194, Page 91 Affects: Parcel 2

14. Reservation as contained in Deed

Reserved by: United States of America Purpose: Right-of-way for ditches or canals constructed by the authority of the United States Recording Date: August 19, 1895 Recording No.: Book 227, Page 22 Affects: Parcel 2

15. Reservation as contained in Deed

Reserved by: United States of America Purpose: Mineral lands Recording Date: December 13, 1901 Recording No.: Book 283, Page 442 Affects: Parcel 1B

16. Reservation as contained in Deed

Reserved by: United States of America Purpose: Mineral lands Recording Date: November 30, 1903 Recording No.: Book 313, Page 300 Affects: Parcel 1A, 1B & 5

17. Reservation as contained in Deed

Reserved by: United States of America Purpose: Right-of-way for ditches or canals constructed by the authority of the United States Recording Date: February 10, 1920 Recording No.: Book 797, Page 450 Affects: Parcel 6B

18. Reservation as contained in Deed

Reserved by: United States of America Purpose: Right-of-way for ditches or canals constructed by the authority of the United States Recording Date: March 9, 1920 Recording No.: Book 157, Page 140 Affects: Parcel 9

19. Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:

In favor of: United States of America Purpose: Roadway and telephone transmission Recording Date: October 24, 1957 Recording No: 37998 Book 1868 Page 438

Also recorded in Clackamas County, Oregon Recording Date: Octover 7, 1957 Recording No: 15038, Book 531. Page 552

Affects: Parcels 6A, 6B & 7

20. Intentionally Deleted.

21. Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:

In favor of: United States of America Purpose: Right-of-way for a road Recording Date: April 23, 1962 Recording No: 16026, Book 2112, Page 444 Affects: Parcels 1B, 2, 3 & 5

Also recorded in Clackamas County, Oregon Recording Datge: April 25, 1962 Recording No.: 8610, Book 602, Page 601

22. Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:

In favor of: United States of America Purpose: Right-of-way for a road Recording Date: Mary 24, 1962 Recording No. 20945

Also disclosed by City of Portland Ordinance No.: 115203 Approved Date: May 22, 1962 Affects: Parcel 4A

23. Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:

In favor of: United States of America Purpose: Right-of-way for a road Recording Date: January 2, 1964 Recording No: 00034, Book 633, Page 566 Affects: Parcel 10

24. Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:

In favor of: United States of America Purpose: Road Recording Date: May 16, 1968 Recording No: 19272, Book 619, Page 1101 Affects: Parcel 3

Also recorded in Clackamas County, Oregon Recording Date: June 4, 1968 Recording No.: 68-010360

25. Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:

In favor of: Untied States of America Purpose: Road Recording Date: October 8, 1974 Recording No: 46354, Book 1010, Page 1112 Affects: Parcel 4A

26. Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document:

In favor of: United States of America Purpose: Road Recording Date: December 18, 1974 Recording No: 56510, Book 1020, Page 880 Affects: Parcels 1B, 2 & 5

27. Please be advised that our search did not disclose any open Deeds of Trust of record. If you should have knowledge of any outstanding obligation, please contact the Title Department immediately for further review prior to closing.

28. If requested to issue an extended coverage ALTA lenders policy, the following matters must be addressed:

�a) The rights of tenants holding under unrecorded leases �b) Any facts which would be disclosed by an accurate survey of the Land �c) Matters disclosed by a statement as to parties in possession and as to any construction, alterations or repairs to the Land within the last 75 days. The Company must be notified in the event that any funds are to be used for construction, alterations or repairs.

29. Any claim based on the failure to comply with the provisions of Governmental Laws and Regulations regarding the division of land.

30. Property taxes in an undetermined amount, which are a lien but not yet payable, including any assessments collected with taxes to be levied for the fiscal year 2015-16.

ADDITIONAL REQUIREMENTS/NOTES:

A. The Company will require the following documents for review prior to the issuance of any title insurance predicated upon a conveyance or encumbrance by the corporation named below.

� � �Name of Corporation: City of Portland

An original or certified copy of a resolution authorizing the transaction contemplated herein.

The Company reserves the right to add additional items or make further requirements after review of the requested documentation.

In addition to the standard policy exceptions, the exceptions enumerated above shall appear on the final ALTA U.S. POLICY 9/28/1991 (Revised 12/3/12) Form policy unless removed prior to issuance.

B. �Note: There are NO conveyances affecting said Land recorded within 24 months of the date of this report.

C. Note: Effective January 1, 2008, Oregon law (ORS 314.258) mandates withholding of Oregon income taxes from sellers who do not continue to be Oregon residents or qualify for an exemption. Please contact your Escrow Closer for further information.

D. THE FOLLOWING NOTICE IS REQUIRED BY STATE LAW: YOU WILL BE REVIEWING,

APPROVING AND SIGNING IMPORTANT DOCUMENTS AT CLOSING. LEGAL CONSEQUENCES

FOLLOW FROM THE SELECTION AND USE OF THESE DOCUMENTS. YOU MAY CONSULT AN

ATTORNEY ABOUT THESE DOCUMENTS. YOU SHOULD CONSULT AN ATTORNEY IF YOU

HAVE QUESTIONS OR CONCERNS ABOUT THE TRANSACTION OR ABOUT THE

DOCUMENTS. IF YOU WISH TO REVIEW TRANSACTION DOCUMENTS THAT YOU HAVE NOT

SEEN, PLEASE CONTACT THE ESCROW AGENT.

E. Information in the possession of the Company indicates that a division of land has occurred or is contemplated in the current transaction involving the Land described in this report. Such contemplated division of land appears to fall within the guidelines necessitating approval by the City, County or other applicable government agency. As a prerequisite to the issuance of any title insurance under this application, at least one of the following requirements must be accomplished to the Company’s satisfaction:

A Final Map has been recorded in compliance with Multnomah related ordinances/requirements.

Evidence of compliance or waiver from the Multnomah

Other evidence, satisfactory to the Company, indicating compliance or non-violation must be furnished.

The Company reserves the right to add additional items or make further requirements after review of the requested documentation.

EXHIBIT ONE

Exhibit One (11/07)

FDOR0134.rdw