OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY

ALTA LOAN POLICY - SCHEDULE A 

Issued Through: TitleCore National, LLC | 9140 West Dodge Road, Suite 380 | Omaha, NE 68114
Phone:  402-691-9933 | Fax:  402-691-9970

File No:  23957C-17								Policy No. LX-12098029

Address Reference:  1020 North 19th Street, Omaha, NE 68102

Amount of Insurance:  $25,820,097.00						Premium:  $26,228.22

Date of Policy:  November 22, 2017 at 11:32am

1.	Name of Insured:  

| Springfield First Community Bank, it's successors and/or assigns as their interests may appear
2.	The estate or interest in the land that is encumbered by the Insured Mortgage is: 

	Fee Simple

3.	Title is vested in:

| Vecino Natural Bridge, LLC, a Missouri limited liability company
4.	The insured mortgage and its assignments, if any, are described as follows:

| Construction Deed of Trust and Construction Security Agreement executed by Vecino Natural Bridge, LLC, a Missouri limited liability company, Grantor, to Lawrence E. Krittenbrink, as Trustee and Springfield First Community Bank, Beneficiary, dated November 14, 2017, and recorded November 22, 2017, at Instrument No. 2017094464, of the Records of Douglas County, Nebraska, securing an amount of $25,820,097.00, and any other amounts payable thereof.
5.	The Land referred to in this policy is described as follows:

| SEE EXHIBIT “A” HERETO ATTACHED FOR LEGAL DESCRIPTION

6.	This policy incorporates by reference those ALTA Endorsements selected below:  SEE ATTACHED

| 4-06 | (Condominium)
| 4.1-06 | (Condominium)
| 5-06 | (Planned Unit Development)
| 5.1-06 | (Planned Unit Development)
| 6-06 | (Variable Rate)
| 6.2-06 | (Variable Rate--Negative Amortization)
| 8.1-06 | (Environmental Protection Lien) Paragraph b refers to the following state statute(s): NONE
| 9-06 | (Restrictions, Encroachments, Minerals)
| 13.1-06 | (Leasehold Loan)
| 14-06 | (Future Advance-Priority)
| 14.1-06 | (Future Advance-Knowledge)
| 14.3-06 | (Future Advance-Reverse Mortgage)
| 22-06 | (Location) The type of improvement is a _______________, and the street address is as shown above.

Countersigned:
TitleCore National, LLC

__________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Authorized Signatory

Exhibit "A"

Parcel A:

Lots 5, 6, 7 and 8 in Block 183½ in the original City of Omaha as surveyed and lithographed in Douglas County, Nebraska; together with the North 38 feet of vacated Nicholas adjoining on the South, the East 17 feet of vacated 20th Street adjoining on the West, the West 17 feet of vacated 19th Street adjoining on the East; and together with the South ½ of that part of the vacated alley adjoining Lots 7 and 8 on the North. 

Except that part thereof taken by the City of Omaha and more particularly described as follows:  

Beginning at a point located 17 feet East and 38 feet South of the Southeast corner of said Lot 8, said point being in the intersection of the West right-of-way line of Florence Boulevard and the North right-of-way line of Nicholas Street; thence Westerly along the existing North right-of-way line of Nicholas Street a distance of 5.00 feet; thence Northeasterly a distance of 7.07 feet to a point on East right-of-way line of Florence Boulevard; thence Southerly along said East right-of-way line of Florence Boulevard a distance of 5.00 feet to the point of beginning. 

And except that part thereof conveyed to the City of Omaha described as follows:

Beginning 17.00 feet West and 38.00 feet South of the Southwest corner of said Lot 5; thence North a distance of 5.94 feet along the existing East right-of-way of N 20th Street; thence Southeasterly a distance of 10.26 to a point on the existing North right-of-way of Nicholas Street; thence West a distance of 8.40 feet along said existing North right-of-way to the point of beginning. 

Parcel B:

Lots 1, 2, 3 and 4 in Block 195½ in the original City of Omaha, as surveyed and lithographed in Douglas County, Nebraska; together with the West 14 feet of vacated 19th Street abutting Lot 1 on the East; and together with the North ½ of vacated alley adjoining on the South.

Except that part thereof conveyed to the City of Omaha described as follows:

Beginning 14.00 feet East of the Northeast corner of said Lot 1; thence South 132.00 feet along the West right-of-way of Florence Boulevard to a point on the South line of said Lot 1 extended East; thence West 5.00 feet along said South line extended; thence North 132.00 feet to a point on the South right-of-way of Nicholas Street; thence East 5.00 feet along said South right of way to the point of beginning. 

Parcel C:

Lots 5, 6, 7 and 8 in Block 195½ in the original City of Omaha, as surveyed and lithographed in Douglas County, Nebraska; also a strip of ground described as follows:  Commencing at the Southwest corner of Lot 5 in Block 195½ in the City of Omaha; thence East 278 feet; thence South 10 feet; thence West 278 feet; thence North 10 feet to the place of beginning, being a part of Izard Street vacated; also a strip of ground described as follows:  Commencing at the Northeast corner of Lot 8 in said Block 195½ in said City of Omaha; running thence South 132 feet; thence East 14 feet; thence North 132 feet; thence West 14 feet to the place of beginning, being a part of 19th Street vacated; and together with the South ½ of vacated alley adjoining on the North.

Except that part thereof conveyed to the City of Omaha described as follows:

Beginning 14.00 feet East of the Northeast corner of said Lot 8; thence South 142.00 feet along the West right-of-way of Florence Boulevard to the North right-of-way of Izard Street; thence West 6.00 feet along said North right-of-way; thence North 142.00 feet to a point on the North line of said Lot 8 extended East; thence East 6.00 feet along said North line extended to the point of beginning. 

Parcel D:

Lots 1, 2, 3 and 4 in Block 196½ in the original City of Omaha, as surveyed and lithographed in Douglas County, Nebraska; together with the East 14 feet of vacated 19th Street abutting Lot 4 on the West.

Except that part thereof conveyed to the City of Omaha described as follows:

Beginning 14.00 feet West of the Northwest corner of said Lot 4; thence East a distance of 18.36 feet along the existing South right-of-way of Nicholas Street; thence Southwesterly a distance of 24.09 feet to a point on the existing East right-of-way of Florence Boulevard; thence North a distance of 15.49 feet along said existing East right-of-way to the point of beginning.

Parcel E:

The North 25 feet of Lot 12, Block 6, Horbach's Second Addition, an addition to the City of Omaha, as surveyed, platted and recorded in Douglas County, Nebraska.

OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY

LOAN POLICY

SCHEDULE B

EXCEPTIONS FROM COVERAGE

Policy No.:  LX-12098029	

File No.:  23957C-17

PART I
Any provisions in the conditions and stipulations of this Policy referring to Arbitration are hereby deleted.
Except as provided in Schedule B - Part II, this policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of:

Rights or claims of parties in possession not shown by the current public records.

Easements or claims of easements not shown by the current public records.

Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by an accurate survey.

Any lien or right to a lien for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the current public records.

NOTE:  ITEMS 1 THRU 4 ABOVE ARE HEREBY DELETED. 

SPECIAL EXCEPTIONS

(Special exceptions are those defects disclosed by a search of the title to this property for which no coverage is provided by this policy.)

The lien of the general taxes for 2017, due December 31, 2017 and payable in 2018, and all subsequent taxes and special assessments, including but not limited to those now pending, assessed or levied, not yet certified to the Office of the County Treasurer for collection at the date hereof.  None now due or payable. 

Easements reserved by Ordinance No. 16637 recorded August 31, 1950 in Book 255 at Page 350 of the Miscellaneous Records of Douglas County, Nebraska, in favor of the City of Omaha to maintain, operate and repair sewers now existing and in the future to construct, maintain and repair additional or other sewers in the vacated alley; and and reserves the right the authorize Metropolitan Utilities District of the City of Omaha or any other public utility to construct, maintain and repair utility facilities above, on and below the surface of that portion of the vacated alley adjoining Parcel A. 

a.	Release of Sewer Easements approved and executed September 23, 2016 and recorded September 27, 2016 as Instrument No. 2016079902 of the Records of Douglas County, Nebraska, wherein the City of Omaha releases its rights reserved by the above referenced Ordinance.

b.	Release of Easement dated January 23, 2017 and recorded January 25, 2017 as Instrument No. 2017006274 of the Records of Douglas County, Nebraska, wherein Metropolitan Utilities District of Omaha releases its rights reserved by the above referenced Ordinance.

c.	Disclaimer and Release dated October 10, 2016 and recorded January 26, 2017 as Instrument No. 2017006677 of the Records of Douglas County, Nebraska, wherein Omaha Public Power District releases its rights reserved by the above referenced Ordinance.

d.	Disclaimer and Release dated October 12, 2016 and recorded January 26, 2017 as Instrument No. 2017006678 of the Records of Douglas County, Nebraska, wherein Cox Communications Inc. releases its rights reserved by the above referenced Ordinance.

Easements reserved by Ordinance No. 16636 recorded August 31, 1950 in Book 255 at Page 373 of the Miscellaneous Records of Douglas County, Nebraska, in favor of the City of Omaha to maintain, operate and repair sewers now existing and in the future to construct, maintain and repair additional or other sewers in a portion of vacated Nicholas Street; and reserves the right the authorize Metropolitan Utilities District of the City of Omaha or any other public utility to construct, maintain and repair utility facilities above, on and below the surface of that portion of vacated Nicholas Street comprising a portion of Parcel A. 

a.	Amended Ordinance No. 16675 recorded November 15, 1950 in Book 257 at Page 523 of the Miscellaneous Records of Douglas County, Nebraska.

b.	Release of Sewer Easements approved and executed September 23, 2016 and recorded September 27, 2016 as Instrument No. 2016079902 of the Records of Douglas County, Nebraska, wherein the City of Omaha releases its rights reserved by the above referenced Ordinance and Amended Ordinance.

c.	Release of Easement dated January 23, 2017 and recorded January 25, 2017 as Instrument No. 2017006273 of the Records of Douglas County, Nebraska, wherein Metropolitan Utilities District of Omaha releases its rights reserved by the above referenced Ordinance and Amended Ordinance.

Easements reserved by Ordinance No. 30998 recorded July 3, 1986 in Book 780 at Page 105 of the Miscellaneous Records of Douglas County, Nebraska, in favor of Metropolitan Utilities District of the City of Omaha or any other public utility to construct, maintain and repair utility facilities above, on and below the surface of the vacated alley; and reserves the right of the Union Pacific Railroad Company to operate, maintain and repair trackage existing or other trackage within that portion of the vacated alley comprising portions of Parcels B and C.

a.	Disclaimer and Release dated October 10, 2016 and recorded January 11, 2017 as Instrument No. 2017002814 of the Records of Douglas County, Nebraska, wherein Omaha Public Power District releases its rights reserved by the above referenced Ordinance.

b.	Disclaimer and Release dated October 12, 2016 and recorded January 11, 2017 as Instrument No. 2017002815 of the Records of Douglas County, Nebraska, wherein Cox Communications Inc. releases its rights reserved by the above referenced Ordinance.

c.	Partial Release of Platted Utility Easement dated November 28, 2016 and recorded January 11, 2017 as Instrument No. 2017002816 of the Records of Douglas County, Nebraska, wherein Qwest Corporation d/b/a Century Link QC. releases its rights acquired by the above referenced Ordinance.

d.	Release of Easement dated September 26, 2016 and recorded January 11, 2017 as Instrument No. 2017002819 of the Records of Douglas County, Nebraska, wherein Metropolitan Utilities District of Omaha releases its rights reserved by the above referenced Ordinance.

ALTA/NSPS Land Title Survey prepared by James D. Warner, Nebraska Registered Land Surveyor of Thompson, Dreessen & Dorner, Inc. , L.S. No. 308, dated August 12, 2016, designated as 1155-16-3(AL), reveals overhead power line crossing Parcel A without benefit of an easement.

ALTA/NSPS Land Title Survey prepared by James D. Warner, Nebraska Registered Land Surveyor of Thompson, Dreessen & Dorner, Inc. , L.S. No. 308, dated August 12, 2016, designated as 1155-16-3(AL), reveals the building located on Parcel B encroaches into the 20th Street Right-of-Way.

ALTA/NSPS Land Title Survey prepared by James D. Warner, Nebraska Registered Land Surveyor of Thompson, Dreessen & Dorner, Inc. , L.S. No. 308, dated August 12, 2016, designated as 1155-16-3(AL), reveals the building located in the Westerly portion of Parcel C encroaches into the 20th Street Right-of-Way and the building located in the Easterly portion of Parcel C encroaches into the 19th Street Right-of-Way.

ALTA/NSPS Land Title Survey prepared by James D. Warner, Nebraska Registered Land Surveyor of Thompson, Dreessen & Dorner, Inc. , L.S. No. 308, dated August 12, 2016, designated as 1155-16-3(AL), reveals the chain link fence encroaching over the Northerly boundary of Parcel D into the Nicholas Street Right-of-Way, over the Southerly boundary of Parcel D into the adjoining alley, and over the Easterly boundary of Parcel D into the 18th Street Right-of-Way.

Terms and provisions of Post Construction Stormwater Management Plan Maintenance Agreement and Easement filed August 31, 2017 at Instrument No. 2017069331, of the Records of Douglas County, Nebraska, executed by Vecino Natural Bridge.  (Parcels A, B and C)

OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY

LOAN POLICY

SCHEDULE B

Policy No.:  LX-12098029	

File No.:  23957C-17

PART II

In addition to the matters set forth in Part I of this Schedule, the title to the estate or interests in the land described or referred to in Schedule A is subject to the following matters, if any be shown, but the Company insures that such matters are subordinate to the lien or charge of the insured mortgage upon said estate or interest:

Collateral Assignment of Rents, Leases and Profits, executed by Vecino Natural Bridge, LLC, a Missouri limited liability company, Assignor, to Springfield First Community Bank, Lender, dated November 14, 2017, and recorded November 22, 2017, at Instrument No. 2017094465, of the Records of Douglas County, Nebraska.

Construction Deed of Trust and Construction Security Agreement executed by Vecino Natural Bridge, LLC, a Missouri limited liability company, Grantor, to Lawrence E. Krittenbrink, as Trustee and Springfield First Community Bank, Beneficiary, dated November 14, 2017, and recorded November 22, 2017, at Instrument No. 2017094466, of the Records of Douglas County, Nebraska, securing an amount of $5,406.684.00, and any other amounts payable thereof. 

Notice of Commencement executed by Vecino Natural Bridge, LLC, a Missouri limited liability company, Contracting Owner, dated November 14, 2017, and recorded November 22, 2017, at Instrument No. 2017094467, of the Records of Douglas County, Nebraska.  Duration is 24 months.