AK Preliminary Commitment For Title Insurance 1

TO: *

File No.: *****

Date of Preliminary Commitment: *** at _:__ _.M.

A consolidated statement of all charges and advances in connection with this order will be provided at closing.

AmountPremium

(*) Owner's Standard Coverage

( ) Mortgagee's Standard Coverage

( ) ALTA Mortgagee's Coverage

____________________________, as agent for Stewart Title Guaranty Company, agrees to issue or cause to be issued on request
and on recording of any appropriate documents a Policy or Policies as applied for, with coverages as indicated based on this
Preliminary Commitment that title to the property described herein is vested on the date shown above in:

***, and estate in fee simple.

DESCRIPTION:

***

SUBJECT only to the exceptions shown herein and to the terms, conditions and exceptions contained in policy form. This report and
commitment shall have not force or effect except as a basis for the coverage specified herein.

NOTE: Investigation should be made to determine if there are any service, installation, maintenance or construction charges for
sewer, water, paving or electricity.

SUBJECT ONLY TO THE FOLLOWING EXCEPTIONS:

1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching
subsequent to the effective dated hereof but prior to the date the proposed insured acquires for value of record the estate or interest
or mortgage thereon covered by this Commitment.

GENERAL EXCEPTIONS

2a. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records.

Proceedings by a public agency 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.

b. Any 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.

c. Public or private easements, including right of ways claimed pursuant to RS 2477, liens or encumbrances, or claims thereof which
are not shown by the public records.

d. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would
disclose, and which are not shown by the public records.

e. (1) Unpatented mining claims; (2) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (3) water
rights, claims or title to water, whether or not the matters excepted under (1), (2) or (3) are shown by the public records.

SPECIAL EXCEPTIONS

3. Reservations and Exceptions as contained in the United States patent and/or in acts authorizing the issuance thereof.

4. Taxes and assessments due the Municipality of Anchorage, as shown on the report provided by Property Tax Research Inc.,
attached hereto and made a part hereof.

NOTE: Municipality of Anchorage tax records show the herein described property address as ***.

5. Taxes due the Municipality of Anchorage, for the year _____, a lien, but levy therefore has not been made.