marion county

20942 King David Avenue | Bend, OR 97702

Subject Property:First Last

Prepared by:

EnhancedProperty Profile

Turner, OregonMarion County

July 2014

CMA 11/2012

www.firstam.com|541.484.2900

Turner Platt’s Farms

Marion County

July 2014

R35112 MAP ID: 092W0500900 ACRES: 32.32

R35114 MAP ID: 092W0500800 ACRES: 24.32

R35125 MAP ID: 082W3200800 ACRES: 33.86

R35127 MAPID: 082W3200900 ACRES: 24.67

R35138 MAPID: 092W0501500 ACRES: 54.30

R35139 MAPID: 092W0501500 ACRES: 158.60

Marion County Parcel Information

Parcel InformationParcel #: R35112 Tax Lot: 092W05 00900

Site Address: OR 97000

Owner: Platt's Turner Farm LLC Owner2:

Owner Address: 11070 Oak Hill Rd Independence, OR 97351

Phone: Twn/Range/Section: T: 09S R: 02W S: 05 Q: NE

Parcel Size: 32.32 Acres (1,407,859 SqFt) Plat/Subdivision:

Lot:Block:

Census Tract/Block: 010801/3007 Waterfront:

Assessment InformationMarket Value Land: $25,970Market Value Impr: $0Market Value Total: $25,970

Assessed Value: $25,970

Tax InformationLevy Code Area: 00550190

Levy Rate: 12.4758 Tax Year: 2013

Annual Tax: $323.99 Exemption Desc:

LegalACRES 32.32

LandZoning: EFU - Exclusive Farm

Use Cnty Bldg Use: A30 - AGRICULTURE - HAY - GRAIN - WHEAT - OATS - BARLEY - ETC.

School District: 5 Cnty Land Use: 551 - Specially assessed farm land, improved, zoned EFU, SA, FT or UTF

Neighborhood: Land Use Std: AFAR - FARMS AND CROPS Improvement

Year Built: 0 Stories: 0.00 Finished Area: 0 SqFt Bedrooms: 0 Bathrooms: 0.00 Garage: Attached 0

A/C: No Exterior Walls: Basement Fin: 0 SqFt Roof Covering: FirePlace: 0 Heat: -

Transfer Information Rec. Date: 7/2/2012 Sale Price: $420,000.00 Doc Num: 34010154 Doc Type: WD

Sentry Dynamics, Inc. and its customers make no representations, warranties or conditions, express or implied, as to the accuracy or completeness of information contained in this report.

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Lot:Block:







LegalACRES 24.32

LandZoning: EFU - Exclusive

Farm Use Cnty Bldg Use: A90 - AGRICULTURE - GENERAL - DIVERSIFIED (MORE THAN ONE ACTIVITY), ALL FOREST LANDS, WASTE OR WOODLOT in

School District: 5 Cnty Land Use: 551 - Specially assessed farm land, improved, zoned EFU, SA, FT or UTF Neighborhood: Land Use Std: AMSC - AGRICULTURAL MISC

ImprovementYear Built: 0 Stories: 0.00 Finished Area: 0 SqFt Bedrooms: 0 Bathrooms: 0.00 Garage: Attached 0


Transfer Information Rec. Date: 7/2/2012 Sale Price: $420,000.00 Doc Num: 34010154 Doc Type: WD


MARION COUNTY, OREGON PROPERTY INFORMATION

Owner Name Property ID # PLATT'S TURNER FARM LLC R35114

Situs Address Map Tax Lot #

092W05 00800

Last Certified Year (2013) Information for R35114 RMV Land Non-LSU $0

RMV Land LSU $81,110 RMV Improvements $0

RMV Total $81,110 Land LSU $19,280

Total Exemptions $0 M5 Net Value $42,970

M50 Assd Value $19,280

Important Information About R35114

If applicable, the described property is receiving special valuation based upon its use. Additional rollback taxes which may become due based on the provisions of the special valuation are not indicated in this listing.

Total Tax Payoff Amount

Current Year Tax Owed Interest Date Total Tax Payoff Amount$0.00 07/28/2014 $0.00

Current Property Tax

Third Begin Balance Amount Paid Taxes Paid Interest Paid Discount Date Paid

1st 80.18 80.18 80.18 0.00 0.00 11/15/13 2nd 80.18 80.18 80.18 0.00 0.00 12/27/13 3rd 80.18 80.18 80.18 0.00 0.00 12/27/13

Information Subject to Disclaimer - See Home Page

Tax Summary

Year Total Levied Ad ValoremSpecial

Assessments Principal Interest Date Paid Total Owed

2013 240.54 240.54 0.00 0.00 0.00 12/27/13 0.00 2012 235.43 235.43 0.00 0.00 0.00 05/16/13 0.00 2011 227.70 227.70 0.00 0.00 0.00 10/21/11 0.00 2010 219.59 219.59 0.00 0.00 0.00 11/03/10 0.00 2009 215.70 215.70 0.00 0.00 0.00 10/26/09 0.00 2008 205.37 205.37 0.00 0.00 0.00 10/31/08 0.00 2007 201.58 201.58 0.00 0.00 0.00 10/26/07 0.00 2006 200.93 200.93 0.00 0.00 0.00 10/25/06 0.00 2005 172.73 172.73 0.00 0.00 0.00 11/08/05 0.00 2004 160.50 160.50 0.00 0.00 0.00 11/02/04 0.00 2003 153.04 153.04 0.00 0.00 0.00 11/04/03 0.00 2002 148.17 148.17 0.00 0.00 0.00 10/29/02 0.00 2001 144.13 144.13 0.00 0.00 0.00 11/06/01 0.00






Phone: Twn/Range/Section: T: 08S R: 02W S: 32 Q: SE


Lot:Block:


Assessment InformationMarket Value Land: $28,260Market Value Impr: $2,010Market Value Total: $30,270





LegalACRES 33.86


Use Cnty Bldg Use: A40S - AGRICULTURE - NO RESIDENCE


Neighborhood: Land Use Std: AFAR - FARMS AND CROPS Improvement

Year Built: 0 Stories: 0.00 Finished Area: 0 SqFt Bedrooms: 0 Bathrooms: 0.00 Garage: Attached 0


Transfer Information Rec. Date: 07/02/12 Sale Price: $420,000 Doc Num: 34010154 Doc Type:

Orig Loan Amt:Loan Type: Finance Type: Lender:





082W32 00800


RMV Land LSU $121,990 RMV Improvements $2,010










1st 125.88 125.88 125.88 0.00 0.00 11/15/13 2nd 125.88 125.88 125.88 0.00 0.00 12/27/13 3rd 125.88 125.88 125.88 0.00 0.00 12/27/13


Tax Summary



2013 377.64 377.64 0.00 0.00 0.00 12/27/13 0.00 2012 365.33 365.33 0.00 0.00 0.00 05/16/13 0.00 2011 354.72 354.72 0.00 0.00 0.00 10/21/11 0.00 2010 342.79 342.79 0.00 0.00 0.00 11/03/10 0.00 2009 340.36 340.36 0.00 0.00 0.00 10/26/09 0.00 2008 323.68 323.68 0.00 0.00 0.00 10/31/08 0.00 2007 317.80 317.80 0.00 0.00 0.00 10/26/07 0.00 2006 314.25 314.25 0.00 0.00 0.00 10/25/06 0.00 2005 270.74 270.74 0.00 0.00 0.00 11/08/05 0.00 2004 253.98 253.98 0.00 0.00 0.00 11/02/04 0.00 2003 247.21 247.21 0.00 0.00 0.00 11/04/03 0.00 2002 239.31 239.31 0.00 0.00 0.00 10/29/02 0.00 2001 251.43 251.43 0.00 0.00 0.00 11/06/01 0.00






Phone: Twn/Range/Section: T: 08S R: 02W S: 32 Q: SE


Lot:Block:







LegalACRES 24.67


Use Cnty Bldg Use: A40 - AGRICULTURE - SEED - (GRASS - BEET - RADISH - RAPE - ALFALFA - CLOVER - ETC.)

School District: 5 Cnty Land Use: 551 - Specially assessed farm land, improved, zoned EFU, SA, FT or UTF Neighborhood: Land Use Std: AFAR - FARMS AND CROPS



Transfer Information Rec. Date: 07/02/12 Sale Price: $420,000 Doc Num: 34010154 Doc Type:






082W32 00900


RMV Land LSU $82,280 RMV Improvements $0










1st 81.34 81.34 81.34 0.00 0.00 11/15/13 2nd 81.34 81.34 81.34 0.00 0.00 12/27/13 3rd 81.33 81.33 81.33 0.00 0.00 12/27/13


Tax Summary



2013 244.01 244.01 0.00 0.00 0.00 12/27/13 0.00 2012 238.83 238.83 0.00 0.00 0.00 05/16/13 0.00 2011 230.96 230.96 0.00 0.00 0.00 10/21/11 0.00 2010 222.72 222.72 0.00 0.00 0.00 11/03/10 0.00 2009 218.85 218.85 0.00 0.00 0.00 10/26/09 0.00 2008 208.35 208.35 0.00 0.00 0.00 10/31/08 0.00 2007 204.45 204.45 0.00 0.00 0.00 10/26/07 0.00 2006 203.77 203.77 0.00 0.00 0.00 10/25/06 0.00 2005 175.20 175.20 0.00 0.00 0.00 11/08/05 0.00 2004 162.77 162.77 0.00 0.00 0.00 11/02/04 0.00 2003 155.18 155.18 0.00 0.00 0.00 11/04/03 0.00 2002 150.29 150.29 0.00 0.00 0.00 10/29/02 0.00 2001 148.69 148.69 0.00 0.00 0.00 11/06/01 0.00



Site Address: 4481 Hennies Rd SE Turner OR 97392




Parcel Size: 54.30 Acres (2,365,308 SqFt) Plat/Subdivision: P.P. 2012-009

Lot: 2 Block:

Census Tract/Block: 002700/3060 Waterfront: McKinney Creek

Assessment InformationMarket Value Land: $50,660Market Value Impr: $2,511,550Market Value Total: $2,562,210

Assessed Value: $1,516,550



Annual Tax: $19,370.14 Exemption Desc:

LegalP.P. 2012-009, PARCEL 2, ACRES 54.30


Use Cnty Bldg Use: A13S - AGRICULTURE - Class OF RESIDENCE 3


Neighborhood: Land Use Std: ADAI - Improvement

Year Built: 1901 Stories: 0.00 Finished Area: 2,912 SqFt Bedrooms: 6 Bathrooms: 2.00 Garage: Attached 312


Transfer Information Rec. Date: 08/23/07 Sale Price: $900,000 Doc Num: 28570286 Doc Type: Grant Deed





Situs Address Map Tax Lot # 4481 HENNIES RD SE TURNER, OR 97392

092W05 01500


RMV Land LSU $270,100 RMV Improvements $2,511,550

RMV Total $2,781,650 Land LSU $50,660

Total Exemptions $0 M5 Net Value $2,610,850

M50 Assd Value $1,516,550







1st 6,456.72 6,456.72 6,456.72 0.00 0.00 11/15/13 2nd 6,456.71 6,456.71 6,456.71 0.00 0.00 12/27/13 3rd 6,456.71 6,456.71 6,456.71 0.00 0.00 12/30/13


Tax Summary



2013 19,370.14 19,370.14 0.00 0.00 0.00 12/30/13 0.00 2012 18,955.62 18,955.62 0.00 0.00 0.00 07/01/13 0.00 2011 17,803.30 17,803.30 0.00 0.00 0.00 03/07/12 0.00 2010 14,118.04 14,118.04 0.00 0.00 0.00 05/16/11 0.00 2009 13,868.81 13,868.81 0.00 0.00 0.00 05/15/10 0.00 2008 13,213.49 13,213.49 0.00 0.00 0.00 05/15/09 0.00 2007 12,964.50 12,964.50 0.00 0.00 0.00 11/15/07 0.00 2006 12,916.76 12,916.76 0.00 0.00 0.00 11/07/06 0.00 2005 10,854.73 10,854.73 0.00 0.00 0.00 11/09/05 0.00 2004 10,085.08 10,085.08 0.00 0.00 0.00 09/26/05 0.00 2003 9,617.51 9,617.51 0.00 0.00 0.00 11/14/03 0.00 2002 9,314.23 9,314.23 0.00 0.00 0.00 05/15/03 0.00 2001 4,399.89 4,399.89 0.00 0.00 0.00 11/14/01 0.00



Site Address: 4481 Hennies Rd SE Turner OR 97392



Phone: Twn/Range/Section: T: 09S R: 02W S: 05 Q:


Lot: 2 Block:

Census Tract/Block: / Waterfront:

Assessment InformationMarket Value Land: $109,700Market Value Impr: $49,000Market Value Total: $158,700




Annual Tax: $1,532.41 Exemption Desc:

LegalP.P. 2012-009, PARCEL 2, ACRES 158.60

LandZoning: F44 - Cnty Bldg Use: A10S - AGRICULTURE - NO RESIDENCE

School District: 005 Cnty Land Use: 551 - Specially assessed farm land, improved, zoned EFU, SA, FT or UTF Neighborhood: Land Use Std: ADAI -



Transfer Information Rec. Date: 08/23/07 Sale Price: $900,000 Doc Num: 28570286 Doc Type: Grant Deed





Situs Address Map Tax Lot # 4481 HENNIES RD SE TURNER, OR 97392

092W05 01500


RMV Land LSU $457,310 RMV Improvements $49,000










1st 510.81 510.81 510.81 0.00 0.00 11/15/13 2nd 510.80 510.80 510.80 0.00 0.00 12/27/13 3rd 510.80 510.80 510.80 0.00 0.00 12/27/13


Tax Summary



2013 1,532.41 1,532.41 0.00 0.00 0.00 12/27/13 0.00 2012 1,500.86 1,500.86 0.00 0.00 0.00 05/16/13 0.00 2011 476.08 476.08 0.00 0.00 0.00 03/07/12 0.00 2010 459.14 459.14 0.00 0.00 0.00 05/16/11 0.00 2009 451.03 451.03 0.00 0.00 0.00 05/15/10 0.00 2008 429.53 429.53 0.00 0.00 0.00 05/15/09 0.00 2007 418.64 418.64 0.00 0.00 0.00 11/15/07 0.00 2006 417.39 417.39 0.00 0.00 0.00 11/07/06 0.00 2005 358.72 358.72 0.00 0.00 0.00 11/09/05 0.00 2004 333.36 333.36 0.00 0.00 0.00 09/26/05 0.00 2003 317.89 317.89 0.00 0.00 0.00 11/14/03 0.00 2002 307.73 307.73 0.00 0.00 0.00 05/15/03 0.00 2001 299.29 299.29 0.00 0.00 0.00 11/14/01 0.00

First American Title Company of Oregon 777 Commercial Street SE, Suite 100 Salem, OR 97301 Phn - (800)742-2414 Fax - (866)849-3065

This report is for the exclusive use of the parties herein shown and is preliminary to the issuance of a title insurance policy and shall become void unless a policy is issued, and the full premium paid.

FOR ALL QUESTIONS REGARDING THIS PRELIMINARY REPORT, PLEASE CONTACT: Dee A. Collins, Sr.Title Officer

Phone: (503)581-0555 - Email: [email protected]

dkReed InvestmentsKevin Reed Order No.: 7089-2302540 September 03, 2014OR Attn: Phone No.: - Fax No.: Email: Re:

Preliminary Title Report

County Tax Roll Situs Address: 4481 Hennies Road SE and 8621 Wipper Road SE, Turner, OR 97392

2006 ALTA Owners Standard Coverage Liability $ TBD Premium $ TBD 2006 ALTA Owners Extended Coverage Liability $ Premium $ 2006 ALTA Lenders Standard Coverage Liability $ Premium $ 2006 ALTA Lenders Extended Coverage Liability $ Premium $ Endorsement 9, 22 & 8.1 Premium $ Govt Service Charge Cost $ Other Cost $

We are prepared to issue Title Insurance Policy or Policies of First American Title Insurance Company, a Nebraska Corporation in the form and amount shown above, insuring title to the following described land:

The land referred to in this report is described in Exhibit A attached hereto.

and as of August 01, 2014 at 8:00 a.m., title to the fee simple estate is vested in:

Platt's Turner Farm LLC, an Oregon limited liability company

Subject to the exceptions, exclusions, and stipulations which are ordinarily part of such Policy form and the following:

1. 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.

Preliminary Report Order No.: 7089-2302540 Page 2 of 10

First American Title

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. Easements, or claims of easement, not shown by the public records; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights, claims or title to water.

4. Any encroachment (of existing improvements located on the subject land onto adjoining land or of existing improvements located on adjoining land onto the subject land), encumbrance, violation, variation, or adverse circumstance affecting the title that would be disclosed by an accurate and complete land survey of the subject land.

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

The exceptions to coverage 1-5 inclusive as set forth above will remain on any subsequently issued Standard Coverage Title Insurance Policy. In order to remove these exceptions to coverage in the issuance of an Extended Coverage Policy the following items are required to be furnished to the Company; additional exceptions to coverage may be added upon review of such information:

A. Survey or alternative acceptable to the company B. Affidavit regarding possession C. Proof that there is no new construction or remodeling of any improvement located on

the premises. In the event of new construction or remodeling the following is required:

i. Satisfactory evidence that no construction liens will be filed; or ii. Adequate security to protect against actual or potential construction liens; iii. Payment of additional premiums as required by the Industry Rate Filing

approved by the Insurance Division of the State of Oregon

6. Water rights, claims to water or title to water, whether or not such rights are a matter of public record.

The Following Exceptions Affect All Parcels

7. Taxes for the fiscal year 2014-2015 a lien due, but not yet payable

8. The assessment roll and the tax roll disclose that the within described premises were specially zoned or classified for Farm use. If the land has become or becomes disqualified for such use under the statute, an additional tax or penalty may be imposed.

9. Statutory powers and regulations, including levies, assessments, drainage rights and easements of Santiam Water Control District.

10. The rights of the public in and to that portion of the premises herein described lying within the limits of streets, roads and highways.



11. Any conveyance or encumbrance by Platt's Turner Farm LLC should be executed pursuant to their Operating Agreement, a copy of which should be submitted to this office for inspection.

12. Unrecorded leases or periodic tenancies, if any.

The Following Exceptions Affects Parcels I, II and III:

13. Mortgage and the terms and conditions thereof. Mortgagor: Platt's Turner Farm LLC, an Oregon Limited Liability Company Mortgagee: KeyBank National Association Amount: $250,000.00 Recorded: July 02, 2012 Recording Information: Reel 3401, Page 155, Film Records

The Following Exceptions Affects Parcel I:

14. Easement, including terms and provisions contained therein: Recording Information: February 10, 1966 in Volume 612, Page 831, Deed Records In Favor of: Southern Pacific Company For: ditch

15. Irrigation Water Right Contract, including terms and provisions thereof. Recorded: April 20, 1981 in Reel 247, Page 918, Film Records

The Following Exceptions Affects Parcel II:

16. Easement, including terms and provisions contained therein: Recording Information: May 04, 1973 in Volume 2, Page 184, Santiam Water Control

District Records In Favor of: Santiam Water Control District For: Canal Affects: Easterly 40 feet

17. Easement, including terms and provisions contained therein: Recording Information: February 10, 1966 in Volume 612, Page 831, Deed Records In Favor of: Southern Pacific Company For: Ditch

18. Irrigation Water Right Contract, including terms and provisions thereof. Recorded: April 20, 1981 in Reel 247, Page 915, Film Records

19. Easement, including terms and provisions contained therein: Recording Information: September 10, 2013 in Reel 3542, Page 204, Film Records In Favor of: Qwest Communications Company, LLC, Level 3 Communications,

LLC, and WilTel Communications, LLC For: Communication lines and appertunances



The Following Exceptions Affects Parcel III:

20. Reservation as contained in Deed: Reserving: Minerals and rights-of-way for irrigation ditches, canals, or

reservoirs Reserved By: State of Oregon, acting by the State Land Board Recorded: November 06, 1945 Recording Information: Volume 332, Page 100, Deed Records

21. Easement, including terms and provisions contained therein: Recording Information: April 01, 1952 in Volume 438, Page 329, Deed Records In Favor of: Portland General Electric Company, a corporation of Oregon, its

successors and assigns For: Electrical and telephone lines and appurtenances

22. Easement, including terms and provisions contained therein: Recording Information: October 05, 1961 in Volume 551, Page 340, Deed Records In Favor of: Pacific Power & Light Company, a corporation For: Electrical transmission and distribution lines

The Following Exceptions Affects Parcel IV:

23. Rights of the public and of governmental bodies in and to that portion of the premises herein described lying below the high water mark of McKinney Creek, Delaney Ditch, or Lafore Ditch.

24. Easement, including terms and provisions contained therein: Recording Information: March 24, 1952 in Volume 438, Page 100, Deed Records In Favor of: Portland General Electric Company, a corporation of Oregon, its

successors and assigns (Exact location unknown)

25. Easement, including terms and provisions contained therein: Recording Information: May 24, 1955 in Volume 475, Page 764, Deed Records In Favor of: Portland General Electric Company, a corporation of Oregon, its

successors and assigns (Exact location unknown)

26. Easement, including terms and provisions contained therein: Recording Information: August 23, 1955 in Volume 479, Page 115, Deed Records In Favor of: Portland General Electric Company, a corporation of Oregon For: Electrical and telephone lines and appertunances

27. Easement, including terms and provisions contained therein: Recording Information: September 20, 1961, Volume 549, Page 76, Deed Records In Favor of: Pacific Power & Light Company, a corporation For: Electric transmission and distribution lines



28. Notes, Easements and Restrictions shown on the recorded plat/partition of Partition Plat No. 92-101.

29. Notes, Easements and Restrictions shown on the recorded plat/partition of Partition Plat No. 2012-09.

30. The effect, if any, of Partition Plat 2013-50, recorded December 30, 2013 in Reel 3572, Page 301, Deed Records for Marion County, Oregon.

We find no conveyance from Jerry L. Mumper and Kay M. Mumper to Platt's Turner Farm LLC.

An Affidavit of Correction Partition Plat 2013-050 recorded February 05, 2014 in Reel 3580, Page 377, Film Records

- END OF EXCEPTIONS -

NOTE: We find no judgments or United States Internal Revenue liens against TBD

NOTE: Taxes for the year 2013-2014 PAID IN FULL Tax Amount: $377.64 Map No.: 082W32 00800 Property ID: R35125 Tax Code No.: 00550190

(Affects Parcel I)


(Affects Parcel II)


(Affects Parcel III)


(Affects Parcel III)



NOTE: Taxes for the year 2013-2014 PAID IN FULL Tax Amount: $19,370.14 Map No.: 092W05 01500 Property ID: R35138 Tax Code No.: 00500190

(Affects Parcel IV)

NOTE: Taxes for the year 2013-2014 PAID IN FULL Tax Amount: $1,532.41 Map No.: 092W05 01500 Property ID: R35139 Tax Code No.: 00550190

(Affects Parcel IV)

NOTE: This Preliminary Title Report does not include a search for Financing Statements filed in the Office of the Secretary of State, or in a county other than the county wherein the premises are situated, and no liability is assumed if a Financing Statement is filed in the Office of the County Clerk covering Crops on the premises wherein the lands are described other than by metes and bounds or under the rectangular survey system or by recorded lot and block.

NOTE: According to the public record, the following deed(s) affecting the property herein described have been recorded within 24 months of the effective date of this report: NONE

THANK YOU FOR CHOOSING FIRST AMERICAN TITLE! WE KNOW YOU HAVE A CHOICE!

RECORDING INFORMATION Filing Address: First American Title Recorder for Marion County 777 Commercial St SE, Ste 100, Salem, OR 97301 Recording Fees: $ 46.00 per document (most documents) (1st page) $ 5.00 per additional page $ 20.00 non-standard fee $ 5.00 each additional title $ 5.00 each additional reference

cc: TBD cc: Platt's Turner Farm LLC



First American Title Insurance Company

SCHEDULE OF EXCLUSIONS FROM COVERAGE

ALTA LOAN POLICY (06/17/06) The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or

relating to (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions, or location of any improvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection;

or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5.

(b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to

the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 11, 13, or 14);

or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Insured Mortgage. 4. Unenforceability of the lien of the Insured Mortgage because of the inability or failure of an Insured to comply with applicable doing-business laws of the

state where the Land is situated. 5. Invalidity or unenforceability in whole or in part of the lien of the Insured Mortgage that arises out of the transaction evidenced by the Insured Mortgage

and is based upon usury or any consumer credit protection or truth-in-lending law. 6. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors� rights laws, that the transaction creating the lien of the

Insured Mortgage, is (a) a fraudulent conveyance or fraudulent transfer, or (b) a preferential transfer for any reason not stated in Covered Risk 13(b) of this policy. 7. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the

date of recording of the Insured Mortgage in the Public Records. This Exclusion does not modify or limit the coverage provided under Covered Risk 11(b).

ALTA OWNER�S POLICY (06/17/06) The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or

relating to (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions, or location of any improvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided

under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to

the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risks 9 and 10); or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors� rights laws, that the transaction vesting the Title as

shown in Schedule A, is (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the

date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.

SCHEDULE OF STANDARD EXCEPTIONS 1. 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.

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. Easements, or claims of easement, not shown by the public records; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights, claims or title to water.

4. Any encroachment (of existing improvements located on the subject land onto adjoining land or of existing improvements located on adjoining land onto the subject land), encumbrance, violation, variation, or adverse circumstance affecting the title that would be disclosed by an accurate and complete land survey of the subject land.

5. Any lien" or right to a lien, for services, labor, material, equipment rental or workers compensation heretofore or hereafter furnished, imposed by law and not shown by the public records.

NOTE: A SPECIMEN COPY OF THE POLICY FORM (OR FORMS) WILL BE FURNISHED UPON REQUEST TI 149 Rev. 7-22-08



Privacy Information We Are Committed to Safeguarding Customer Information In order to better serve your needs now and in the future, we may ask you to provide us with certain information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to us. Therefore, together with our subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal information. Applicability This Privacy Policy governs our use of the information that you provide to us. It does not govern the manner in which we may use information we have obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal information regardless of its source. First American calls these guidelines its Fair Information Values. Types of Information Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include:

• Information we receive from you on applications, forms and in other communications to us, whether in writing, in person, by telephone or any other means; • Information about your transactions with us, our affiliated companies, or others; and • Information we receive from a consumer reporting agency.

Use of Information We request information from you for our own legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have requested of us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality control efforts or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Furthermore, we may also provide all the information we collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial institutions with whom we or our affiliated companies have joint marketing agreements. Former Customers Even if you are no longer our customer, our Privacy Policy will continue to apply to you. Confidentiality and Security We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be handled responsibly and in accordance with this Privacy Policy and First American's Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. Information Obtained Through Our Web Site First American Financial Corporation is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information about you we receive on the Internet. In general, you can visit First American or its affiliates� Web sites on the World Wide Web without telling us who you are or revealing any information about yourself. Our Web servers collect the domain names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of visits, average time spent on the site, pages viewed and similar information. First American uses this information to measure the use of our site and to develop ideas to improve the content of our site. There are times, however, when we may need information from you, such as your name and email address. When information is needed, we will use our best efforts to let you know at the time of collection how we will use the personal information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific account/profile information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above. Business Relationships First American Financial Corporation's site and its affiliates' sites may contain links to other Web sites. While we try to link only to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy practices employed by other sites. Cookies Some of First American's Web sites may make use of "cookie" technology to measure site activity and to customize information to your personal tastes. A cookie is an element of data that a Web site can send to your browser, which may then store the cookie on your hard drive. FirstAm.com uses stored cookies. The goal of this technology is to better serve you when visiting our site, save you time when you are here and to provide you with a more meaningful and productive Web site experience. -------------------------------------------------------------------------------- Fair Information Values Fairness We consider consumer expectations about their privacy in all our businesses. We only offer products and services that assure a favorable balance between consumer benefits and consumer privacy. Public Record We believe that an open public record creates significant value for society, enhances consumer choice and creates consumer opportunity. We actively support an open public record and emphasize its importance and contribution to our economy. Use We believe we should behave responsibly when we use information about a consumer in our business. We will obey the laws governing the collection, use and dissemination of data. Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and disseminate. Where possible, we will take reasonable steps to correct inaccurate information. When, as with the public record, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer can secure the required corrections. Education We endeavor to educate the users of our products and services, our employees and others in our industry about the importance of consumer privacy. We will instruct our employees on our fair information values and on the responsible collection and use of data. We will encourage others in our industry to collect and use information in a responsible manner. Security We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of the data we maintain.

Form 50-PRIVACY (9/1/10) Page 1 of 1 Privacy Information (2001-2010 First American Financial Corporation)



Exhibit "A"

Real property in the County of Marion, State of Oregon, described as follows:

PARCEL I: BEGINNING AT THE QUARTER SECTION CORNER BETWEEN SECTIONS 32 IN TOWNSHIP 8 SOUTH, RANGE 2 WEST OF THE WILLAMETTE MERIDIAN AND SECTION 5 IN TOWNSHIP 9 SOUTH, RANGE 2 WEST OF THE WILLAMETTE MERIDIAN IN MARION COUNTY, OREGON; THENCE SOUTH 0°04' WEST 11.190 CHAINS TO THE CENTER OF A COUNTY ROAD; THENCE NORTH 80°45' EAST 1255.97 FEET ALONG THE CENTER OF SAID ROAD; THENCE NORTH 4°07' WEST 1238.38 FEET; THENCE SOUTH 84°38' WEST 1154.77 FEET TO THE LEGAL SUBDIVISION LINE RUNNING NORTHERLY AND SOUTHERLY THROUGH THE CENTER OF SAID SECTION 32; THENCE SOUTH 0°01' WEST 590.55 FEET TO THE PLACE OF BEGINNING. SAVE AND EXCEPT THAT PORTION OF THE ABOVE DESCRIBED TRACT LYING IN THE PUBLIC ROADS AND RIGHTS OF WAY. PARCEL II: BEGINNING IN THE CENTER OF A COUNTY ROAD AT A POINT WHICH IS 11.190 CHAINS SOUTH 0°04' WEST AND 1255.97 FEET NORTH 80°45' EAST FROM THE QUARTER SECTION CORNER BETWEEN SECTION 32 IN TOWNSHIP 8 SOUTH, RANGE 2 WEST OF THE WILLAMETTE MERIDIAN IN MARION COUNTY, OREGON, AND SECTION 5 IN TOWNSHIP 9 SOUTH, RANGE 2 WEST OF THE WILLAMETTE MERIDIAN IN MARION COUNTY, OREGON; THENCE NORTH 80°45' EAST ALONG THE CENTER OF THE SAID COUNTY ROAD 995.66 FEET TO THE CENTER OF THE SOUTHERN PACIFIC RAILROAD RIGHT OF WAY AS SAME IS LOCATED IN THE SAID TOWNSHIP AND RANGE; THENCE NORTH 9°08' WEST ALONG THE CENTER OF SAID RAILROAD RIGHT OF WAY, 1173.20 FEET; THENCE SOUTH 84°38' WEST 889.35 FEET; THENCE SOUTH 4°07' EAST 1238.38 FEET TO THE PLACE OF BEGINNING. SAVE AND EXCEPT A 30.0 FOOT STRIP OFF THE EASTERLY SIDE OF THE ABOVE DESCRIBED TRACT OF LAND, SAME BEING A PORTION OF THE RAILROAD RIGHT OF WAY AND NOT INCLUDED IN THE LAND HEREIN DESCRIBED. ALSO SAVE AND EXCEPT ALL THAT PORTION CONVEYED TO MARION COUNTY, OREGON, BY WARRANTY DEED RECORDED OCTOBER 2, 1990 IN REEL 803 PAGE 333, RECORDS FOR MARION COUNTY, OREGON. PARCEL III: BEGINNING AT A POINT WHICH IS 11.190 CHAINS SOUTH 0°04' WEST 230.11 FEET NORTH 80°45' EAST AND 726.00 FEET SOUTH 9°15' EAST FROM THE QUARTER SECTION ON THE NORTH LINE OF SECTION 5, IN TOWNSHIP 9 SOUTH, RANGE 2 WEST OF THE WILLAMETTE MERIDIAN IN MARION COUNTY, OREGON; THENCE NORTH 80°45' EAST 660 FEET; THENCE NORTH 9°15' WEST 726 FEET TO A POINT IN THE CENTER OF A COUNTY ROAD; THENCE NORTH 80°45' EAST ALONG THE CENTER LINE OF SAID ROAD 522.00 FEET; THENCE SOUTH 9°15' EAST 2,400.00 FEET, MORE OR LESS TO A POINT ON THE SOUTH LINE OF A TRACT OF LAND CONVEYED TO LOUIS HENNIES AND WIFE, BY DEED RECORDED NOVEMBER 6, 1945 IN BOOK 332, PAGE 101, DEED RECORDS, MARION COUNTY, OREGON; THENCE SOUTH 74°30' WEST TO A POINT WHICH IS SOUTH 9°15' EAST FROM THE PLACE OF BEGINNING; THENCE NORTH 9°15' WEST TO THE PLACE OF BEGINNING. NOTE: This legal description was created prior to January 1, 2008.



PARCEL IV: PARCEL 2 OF PARTITION PLAT NO. 2012-09, REPLAT OF PARCEL 1 PARTITION PLAT 1992-101, RECORDED MARCH 19, 2012 IN REEL 3366, PAGE 335, DEED RECORDS FOR MARION COUNTY, OREGON.

Description: Marion,OR Partition Plat Map 2012.9 Page: 1 of 2

Order: Lester Comment:

Description: Marion,OR Document - Book.Page(1/15/04 - Current) 3401.154 Page: 1 of 4


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