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Date: January 02, 2015
File Number: 01330-34682- Amended No. C2
Buyer: Tbd Buyer
Seller: 7 W Guest Ranch, LLC
Property: 3412 County Road 151, Gypsum, CO 81637
Please direct all Title inquiries to:
Roger Avila
Email Address: ravila@stewart.com
SELLER: BUYER:
Stewart Title - Glenwood Springs
1620 Grand Avenue
Glenwood Springs, CO 81601
7 W Guest Ranch, LLC Tbd Buyer
Delivery Method: Emailed Delivery Method: Emailed
We Appreciate Your Business and Look Forward to Serving You in the Future.
ALTA Commitment (6/17/06)
ALTA Commitment Form
COMMITMENT FOR TITLE INSURANCE
Issued by
STEWART TITLE GUARANTY COMPANY
STEWART TITLE GUARANTY COMPANY, a Texas Corporation ("Company"), for a valuable consideration, commits to issue
its policy or policies of title insurance, as identified in Schedule A, in favor of the Proposed Insured named in Schedule A, as
owner or mortgagee of the estate or interest in the land described or referred to in Schedule A, upon payment of the premiums
and charges and compliance with the Requirements; all subject to the provisions of Schedules A and B and to the Conditions
of this Commitment.
This Commitment shall be effective only when the identity of the Proposed Insured and the amount of the policy or policies
committed for have been inserted in Schedule A by the Company.
All liability and obligation under this Commitment shall cease and terminate six months after the Effective Date or when the
policy or policies committed for shall issue, whichever first occurs, provided that the failure to issue the policy or policies is not
the fault of the Company.
The Company will provide a sample of the policy form upon request.
This Commitment shall not be valid or binding until countersigned by a validating officer or authorized signatory.
IN WITNESS WHEREOF, Stewart Title Guaranty Company has caused its corporate name and seal to be affixed by its duly
authorized officers on the date shown in Schedule A.
Countersigned by:
Auth
Stewart Title - Glenwood Springs
1620 Grand Avenue
Glenwood Springs, CO 81601
(970) 945-5434
stewart
title guaranty company
Matt. Morris
President and CEO
Denise C rraux
Secretary
Copyright 2006-2009 American Land Title Association. All rights reserved.
The use of this Form 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.
File No. 01330-34682
004 -UN ALTA Commitment (6/17/06)
h h1 E RICAN
1 AND 11111
,1164114 I:\ ION
CONDITIONS
1. The term mortgage, when used herein, shall include deed of trust, trust deed, or other security instrument.
2. If the proposed Insured has or acquired actual knowledge of any defect, lien, encumbrance, adverse claim or other
matter affecting the estate or interest or mortgage thereon covered by this Commitment other than those shown in
Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing, the Company shall be relieved
from liability for any loss or damage resulting from any act of reliance hereon to the extent the Company is prejudiced
by failure to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to the Company, or if
the Company otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim or other
matter, the Company at its option may amend Schedule B of this Commitment accordingly, but such amendment shall
not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions.
3. Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties
included under the definition of Insured in the form of policy or policies committed for and only for actual loss incurred in
reliance hereon in undertaking in good faith (a) to comply with the requirements hereof, or (b) to eliminate exceptions
shown in Schedule B, or (c) to acquire or create the estate or interest or mortgage thereon covered by this
Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies
committed for and such liability is subject to the insuring provisions and Conditions and the Exclusions from Coverage
of the form of policy or policies committed for in favor of the proposed Insured which are hereby incorporated by
reference and are made a part of this Commitment except as expressly modified herein.
4. This Commitment is a contract to issue one or more title insurance policies and is not an abstract of title or a report of
the condition of title. Any action or actions or rights of action that the proposed Insured may have or may bring against
the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered
by this Commitment must be based on and are subject to the provisions of this Commitment.
5. The policy to be issued contains an arbitration clause. All arbitrable matters when the Amount of Insurance is
$2,000,000 or less shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the
parties. You may review a copy of the arbitration rules at< http://www.alta.orgh.
All notices required to be given the Company and any statement in writing required to be furnished the Company shall be
addressed to it at P.O. Box 2029, Houston, Texas 77252.
Copyright 2006-2009 American Land Title Association. All rights reserved.
The use of this Form 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.
File No. 01330-34682
004 -UN ALTA Commitment (6/17/06)
.V M1i l lilt.. AN
s.\ f0111
COMMITMENT FOR TITLE INSURANCE
SCHEDULE A
File No.: 01330-34682- Amended No. C2
1. Effective Date: December 19, 2014 at 8:00 A.M.
2. Policy or Policies to be issued:
(a) A.L.T.A. Owner's Policy
Proposed Insured:
Tbd Buyer
Amount of Insurance
2006 (Standard) T.B.D.
(b) A.L.T.A. Loan Policy T.B.D.
Proposed Insured:
3. The estate or interest in the land described or referred to in this Commitment and covered herein is:
Fee Simple
4. Title to the said estate or interest in said land is at the effective date hereof vested in:
7 W Guest Ranch, LLC
5. The land referred to in this Commitment is described as follows:
See Attached Legal Description
Purported Address:
3412 County Road 151
Gypsum, CO 81637
STATEMENT OF CHARGES
These charges are due and payable
before a policy can be issued
Basic Rate
TBD Commitment:
Additional Research (2 hrs):
$100.00
$250.00
Copyright 2006-2009 American Land Title Association. All rights reserved.
The use of this Form 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.
File No. 01330-34682
CO STG ALTA Commitment Sch A STO
Page 1 of 2 STEWART TITLE
GUARANTY COMPANY
SCHEDULE A
LEGAL DESCRIPTION
The NE1/4 Section 28, and part of the S1/2 SE1/4 Section 21, Township 3 South, Range 87 West of the Sixth Principle Meridian, and
part of the Perry Resulting Parcel of the Perry/Roberts Boundary Line Adjustment Plat, according to the map thereof recorded in the
office of the Clerk and Recorder, Garfield County, Colorado described as a whole as follows:
Beginning at the NE corner said Section 28, thence, along the east line of said NE1/4 Section 28, S 01°53'58" E 2752.96 feet to the
E1/4 Section 28;
thence, along the south line of said NE1/4 Section 28, N 89°35'41" W 2693.76 feet to the C1/4 Section 28;
thence along the west line of the said NE1/4 Section 28, N 00°20'36" W 2729.57 feet to the N1/4 corner Section 28;
thence, along the west line of the said S1/2 SE1/4 Section 21, N 00°18'53" E 809.71 feet;
thence, departing said west line, N 89°53'55" E 1028.53 feet;
thence S 80°25'18" E 852.32 feet to the northwesterly edge of a thirty foot wide access easement recorded as Reception Nos. 341704
and 453014;
thence the following courses along said westerly edge of easement:
1) N 54°54'50" E 561.93 feet;
2) N 46°37'11" E 213.60 feet;
3) N 36°23'47" E 191.53 feet;
4) N 45°49'11" E 211.28 feet;
5) N 29°55'39" E 242.58 feet;
6) N 11°15'30" E 183.64 feet;
7) N 22°47'35" E 178.02 feet;
8) N 12°05'14" E 42.07 feet;
9) N 07°02'30" W 36.22 feet;
10) N 28°16'15" W 86.07 feet;
11) N 06°31'16" W 37.29 feet;
12) N 28°59'33" E 44.01 feet to the northerly line of said Perry Resulting Parcel;
thence the following two courses along said northerly line:
1) 65.90 feet along the arc of a curve to the left, having a radius of 420.00 feet a central angle of 8°59'22", and a chord that bears S 82°
01'42" E 65.83 feet;
2) 26.32 feet along the arc of a curve to the right, having a radius of 148.83 feet, a central angle of 10°08"03", and a chord that hears S
81°27'21" E 26.29 feet to the northeasterly corner of said Perry Resulting Parcel:
thence the following courses along the easterly line of Perry Resulting Parcel;
1) S 67°10'18" W 58.38 feet;
2) S 28°59'33" W 14.90 feet;
3) S 06°31'16" E 11.68 feet;
4) S 28°16'15" E 85.84 feet;
5) S 07°02'30" E 54.02 feet;
6) S 12°05'14" W 55.18 feet;
7) S 22°47'35" W 177.66 feet;
8) S 11°15'30" W 186.81 feet;
9) S 29°55'39" W 257.98 feet;
10) S 45°48'41" W 214.13 feet;
11) S 36°23'47" W 3.22 feet;
12) S 00°52'24" W 1255.08 feet to the point of beginning.
COUNTY OF GARFIELD,
STATE OF COLORADO.
Also known as:
"South" Parcel" according to the Final Plat, 7W Ranch, recorded March 27, 2008 as Reception No. 745515 in the Office of the Garfield
County Clerk and Recorder.
Copyright 2006-2009 American Land Title Association. All rights reserved.
The use of this Form 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.
File No. 01330-34682
CO STG ALTA Commitment Sch A STO
Page 2 of 2 STEWART TITLE
GUARANTY COMPANY
COMMITMENT FOR TITLE INSURANCE
SCHEDULE B
PART I
File No.: 01330-34682- Amended No. C2
The following are the requirements to be complied with:
1. Payment to or for the account of the grantor(s) or mortgagor(s) of the full consideration for the estate or
interest to be insured.
2. Proper instrument(s) creating the estate or interest to be insured must be executed and duly filed for
record.
3. Evidence satisfactory to Stewart Title Guaranty Company of payment of all outstanding taxes and assessments as
certified by the County Treasurer.
4. Execution of Affidavit as to Debts and Liens and its return to Stewart Title Guaranty Company.
NOTE: If work has been performed on, or in connection with, the subject property (architectural drawings, soils
testing, foundation work, installation of materials), please notify the Company's escrow officer within 10 days of
receipt of this title commitment.
5. THE FOLLOWING REQUIREMENT IS FOR DELETION OF SURVEY EXCEPTIONS 2 AND 3 OF THE OWNERS
POLICY:
A SURVEY, meeting the minimum detail standards of the ALTA/ACSM, Survey OR IMPROVEMENT LOCATION
CERTIFICATE, prepared by a registered Colorado surveyor, within the last TWO MONTHS, must be presented to
Stewart Title Guaranty Company, for its approval prior to the deletion of any survey exceptions from the OWNERS
POLICY.
Stewart Title Guaranty reserves the right to take exception to any adverse matters as shown on said survey, or
make further inquiry or requirements relative thereto.
Said Survey, must be certified to Stewart Title of Colorado and/or Stewart Title Guaranty Company.
6. Relating to 7 W Guest Ranch, LLC, The Company requires for its review the following:
a) Copy of the "Articles of Organization", the Operating Agreement and the regulations of the limited liability
company and any amendments thereof
b) A certificate of good standing, evidencing that the company is in good standing in the state of its formation
c) Execution and recordation of Statement of Authority pursuant to the provisions of Section 38-30-172 C.R.S.
Note: At the time the Company is furnished these items, the Company may make additional requirements or
exceptions.
7. [Intentionally deleted.]
8. Deed from vested owner(s) vesting fee simple title in the purchaser(s).
NOTE: Notation of the legal address of the grantee must appear on the deed as per 1976 amendment to statute
on recording of deeds CRS 38-35-109 (2).
NOTE: The vesting deed is shown as follows: Quit Claim Deed recorded April 2, 2008 as Reception No. 745890.
Copyright 2006-2009 American Land Title Association. All rights reserved.
The use of this Form 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.
File No. 01330-34682
CO STG ALTA Commitment Sch B I
Page 1 of 1 STEWART TITLE
GUARANTY COMPANY
COMMITMENT FOR TITLE INSURANCE
SCHEDULE B
PART II
File No.: 01330-34682- Amended No. C2
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. Rights or claims of parties in possession, not shown by the public records.
2. Easements, or claims of easements, not shown by the public records.
3. 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 and not shown by the public
records.
4. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law
and not shown by the public records.
5. 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.
6. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the
issuance thereof; (c) Minerals of whatsoever kind, subsurface and surface substances, in, on, under and
that may be produced from the Land, together with all rights, privileges, and immunities relating thereto,
whether or not the matters excepted under (a), (b) or (c) are shown by the Public Records or listed in
Schedule B.
7. Water rights, claims or title to water.
8. Any and all unpaid taxes and assessments and any unredeemed tax sales.
9. The effect of inclusions in any general or specific water conservancy, fire protection, soil conservation or other
district or inclusion in any water service or street improvement area. Right of way for ditches or canals constructed
by the authority of the United States, as reserved in United States Patents recorded June 23, 1920 in Book 112 at
Page 352 as Reception No. 71608, recorded February 23, 1923 in Book 112 at Page 385 as Reception No. 81838
and recorded November 18, 1918 in Book 112 at Page 514 as Reception No. 64820.
10. Easement and right of way for electric transmission or distribution line purposes as granted to Holy Cross Electric
Association, inc., by George, Burt and Claudia by instrument recorded September 17, 1971 in Book 422 at Page
560 as Reception No. 251098, in which specific location of the easement is not defined.
11. Right of way as granted to Holy Cross Electric Association by Document recorded October 19, 1971 in Book 423
at Page 518 as Reception No. 251431.
12. Right of way as granted to Eagle Valley Telephone Company by Document recorded October 21, 1977 in Book
501 at Page 958 as Reception No. 281373.
13. Access Easement as granted by Document recorded May 3, 1983 in Book 626 at Page 478 as Reception No.
341704.
14. Holy Cross Electric Association, Inc. Right -of -Way Easement recorded July 2, 1990 in Book 782 at Page 740 as
Reception No. 414199 , in which the specific location of the easement is not defined.
Copyright 2006-2009 American Land Title Association. All rights reserved.
The use of this Form 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.
File No. 01330-34682
CO STG ALTA Commitment Sch B II STO
Page 1 of 2 STEWART TITLE
GUARANTY COMPANY
COMMITMENT FOR TITLE INSURANCE
SCHEDULE B
PART II
15. Terms and conditions of Easement as disclosed in Special Warranty Deed recorded September 27, 1993 in Book
876 at Page 725 as Reception No. 453014.
16. Terms, conditions, restrictions, reservations, provisions, obligations, easements and right of ways as set forth in
Quit Claim Deed recorded February 22, 1994 in Book 893 at Page 432 as Reception No. 459515.
17. Boundary Agreement recorded September 24, 1996 in Book 993 at Page 344 as Reception No. 498777.
18. All matters as shown on the Roberts Exemption plat recorded May 20, 1998 as Reception No. 525496.
19. Declaration of Access Easement recorded August 8, 2002 in Book 1376 at Page 322 as Reception No. 608535,
Amendment recorded November 15, 2002 in Book 1407 at Page 149 as Reception No. 614706.
20. Special Use Permit recorded May 11, 2004 as Reception No. 651982.
21. All matters as shown on the Perry/Robers Boundary Line Adjustment Plat recorded October 25, 2004 as
Reception No. 662321.
22. Affidavit Re: Boundary Line Adjustment recorded October 29, 2004 as Reception No. 662598.
23. Resolution No. 2005-24 as Reception No. 668722.
24. Restrictions in Warranty Deeds recorded November 1, 2004 as Reception No. 662729 and recorded March 27,
2008 as Reception No. 745513.
25. Order of Inclusion recorded May 20, 2005 as Reception No. 674591.
26. Affidavit Re: Boundary Line Adjustment recorded March 27, 2008 as Reception No. 745514 and Amendment
recorded April 2, 2008 as Reception No. 745892.
27. All matters as shown on the Final Plat of 7-W Ranch recorded March 27, 2008 as Reception No. 745515.
28. Access Easement described in Warranty Deed recorded April 2, 2008 as Reception No. 745889.
Copyright 2006-2009 American Land Title Association. All rights reserved.
The use of this Form 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.
File No. 01330-34682
CO STG ALTA Commitment Sch B II STO
Page 2 of 2 STEWART TITLE
GUARANTY COMPANY
\N
i'.I, IIYI'
DISCLOSURES
File No.: 01330-34682
Pursuant to C.R.S. 10-11-122, notice is hereby given that:
A. THE SUBJECT REAL PROPERTY MAY BE LOCATED IN A SPECIAL TAXING DISTRICT;
B. A CERTIFICATE OF TAXES DUE LISTING EACH TAXING JURISDICTION SHALL BE OBTAINED FROM THE
COUNTY TREASURER OR THE COUNTY TREASURER'S AUTHORIZED AGENT;
C. INFORMATION REGARDING SPECIAL DISTRICTS AND THE BOUNDARIES OF SUCH DISTRICTS MAY BE
OBTAINED FROM THE BOARD OF COUNTY COMMISSIONERS, THE COUNTY CLERK AND RECORDER, OR
THE COUNTY ASSESSOR
Note: Colorado Division of Insurance Regulations 3-5-1, Subparagraph (7) (E) requires that "Every title entity shall be
responsible for all matters which appear of record prior to the time of recording whenever the title entity conducts the
closing and is responsible for recording or filing of legal documents resulting from the transaction which was closed."
Provided that Stewart Title conducts the closing of the insured transaction and is responsible for recording the legal
documents from the transaction, exception number 5 will not appear on the Owner's Title Policy and the Lender's Title
Policy when issued.
Note: Affirmative Mechanic's Lien Protection for the Owner may be available (typically by deletion of Exception No. 4 of
Schedule B, Section 2 of the Commitment from the Owner's Policy to be issued) upon compliance with the following
conditions:
A. The land described in Schedule A of this commitment must be a single-family residence, which includes a
condominium or townhouse unit.
B. No labor or materials have been furnished by mechanics or materialmen for purposes of construction on the land
described in Schedule A of this Commitment within the past 6 months.
C. The Company must receive an appropriate affidavit indemnifying the Company against unfiled Mechanic's and
Materialmen's Liens.
D. The Company must receive payment of the appropriate premium.
E. If there has been construction, improvements or major repairs undertaken on the property to be purchased, within
six months prior to the Date of the Commitment, the requirements to obtain coverage for unrecorded liens will
include: disclosure of certain construction information; financial information as to the seller, the builder and/or the
contractor; payment of the appropriate premium; fully executed Indemnity agreements satisfactory to the
company; and, any additional requirements as may be necessary after an examination of the aforesaid information
by the Company.
No coverage will be given under any circumstances for labor or material for which the insured has contracted for or
agreed to pay.
To comply with the provisions of C.R.S. 10-11-123, the Company makes the following disclosure:
a. That there is recorded evidence that a mineral estate has been severed, leased or otherwise conveyed from the
surface estate and that there is a substantial likelihood that a third party holds some or all interest in oil, gas, other
minerals, or geothermal energy in the property; and
b. That such mineral estate may include the right to enter and use the property without the surface owner's
permission.
NOTE: THIS DISCLOSURE APPLIES ONLY IF SCHEDULE B, SECTION 2 OF THE TITLE COMMITMENT HEREIN
INCLUDES AN EXCEPTION FOR SEVERED MINERALS.
NOTHING HEREIN CONTAINED WILL BE DEEMED TO OBLIGATE THE COMPANY TO PROVIDE ANY OF THE
COVERAGES REFERRED TO HEREIN, UNLESS THE ABOVE CONDITIONS ARE FULLY SATISFIED.
File No.: 01330-34682
CO Commitment Disclosure
WHAT
SHARING
Contact
1980
STG Privacy Notice
Stewart Title Companies
DO THE STEWART TITLE COMPANIES DO WITH YOUR PERSONAL INFORMATION?
Federal and applicable state law and regulations give consumers the right to limit some but not all sharing. Federal and applicable
state law regulations also require us to tell you how we collect, share, and protect your personal information. Please read this notice
carefully to understand how we use your personal information. This privacy notice is distributed on behalf of the Stewart Title Guaranty
Company and its title affiliates (the Stewart Title Companies), pursuant to Title V of the Gramm -Leach -Bliley Act (GLBA).
The types of personal information we collect and share depend on the product or service that you have sought through us. This
information can include social security numbers and driver's license number.
All financial companies, such as the Stewart Title Companies, need to share customers' personal information to run their everyday
business—to process transactions and maintain customer accounts. In the section below, we list the reasons that we can share
customers' personal information; the reasons that we choose to share; and whether you can limit this sharing.
a
Reasons we can share your personal information.
Do we share
Can you limit this sharing?
For our everyday business purposes— to process your
transactions and maintain your account. This may include running the
business and managing customer accounts, such as processing
transactions, mailing, and auditing services, and responding to court
orders and legal investigations.
Yes
No
For our marketing purposes— to offer our products and services to
you.
Yes
No
For joint marketing with other financial companies
No
We don't share
For our affiliates' everyday business purposes— information
about your transactions and experiences. Affiliates are companies
related by common ownership or control. They can be financial and
non-financial companies. Our affiliates may include companies with a
Stewart name; financial companies, such as Stewart Title Company
Yes
No
For our affiliates' everyday business purposes— information
about your creditworthiness.
No
We don't share
For our affiliates to market to you — For your convenience,
Stewart has developed a means for you to opt out from its affiliates
marketing even though such mechanism is not legally required.
Yes
Yes, send your first and last name, the email
address used in your transaction, your
Stewart file number and the Stewart office
location that is handling your transaction by
email to optout@stewart.com or fax to
1-800-335-9591.
For non -affiliates to market to you. Non -affiliates are companies
not related by common ownership or control. They can be financial
and non-financial companies.
No
We don't share
We may disclose your personal information to our affiliates or to non -affiliates as permitted by law. If you request a transaction with
non -affiliate, such as a third party insurance company, we will disclose your personal information to that non -affiliate. [We do not control
their subsequent use of information, and suggest you refer to their privacy notices.]
PRACTICES
How often do the Stewart Title Companies notify me
about their practices?
We must notify you about our sharing practices when you request a
transaction.
How do the Stewart Title Companies protect my
personal information?
To protect your personal information from unauthorized access and use, we
use security measures that comply with federal law. These measures
include computer, file, and building safeguards.
How do the Stewart Title Companies collect my
personal information?
We collect your personal information, for example, when you
• request insurance -related services
• provide such information to us
We also collect your personal information from others, such as the real
estate agent or lender involved in your transaction, credit reporting agencies,
affiliates or other companies.
What sharing can I limit?
Although federal and state law give you the right to limit sharing (e.g., opt out)
in certain instances, we do not share your personal information in those
instances.
us: If you have any questions about this privacy notice, please contact us at: Stewart Title Guaranty Company
Post Oak Blvd., Privacy Officer, Houston, Texas 77056
File No.: 01330-34682 Page 1
Revised 11-19-2013