R2003-120 AUTHORIZING REAL ESTATE PURCHASE

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� • LAWYERS TITLE INSURANCE CORPORATION � . � , ALTA EXTENDED COVERAGE OWNERS AND LOAN POLICY STATEMENT Date: Commitment No.: 11046 The undersigned hereby certifies with reference to the premises described in the above numbered commitment: 1) That to the best knowledge and belief of the undersigned: a. The charges for all labor and materials that may have been furnished to the subject premises or to the improvements thereon,within the last six (6) months, have been fully paid; except the following, if any: b. All contracts for the furnishing of labor or materials to the subject premises or improvements thereon have been completed and fully paid; except the following, if any: c. There are no security agreements or leases affecting any goods or chattels that have become attached or that will at any later date become attached to the land or improvements thereon as fixtures, that have not been fully performed and satisfied, except as follows, if any: d. That the only occupants of subject premises are the undersigned (sellers or purchasers). If other sellers or purchasers, explain interest held: e. That there are no unrecorded contracts, deeds, mortgages, leases, easements or other servitudes to which the land or building, or portions thereof, are subject; except the following, if any: f. All management fees are fully paid, except the following, if any: � g. If the land is"commercial real estate,"as defined in the Commercial Real Estate Broker Lien Act(770 ILCS 15/1 et seq.), ' there are no written agreements with any"broker," as defined in the Real Estate License Act of 1983, nor has anyone provided licensed services that resulted in the procuring of a person or entity for the purpose of buying, selling, leasing, subleasing, or otherwise conveying or acquiring any interest in the land, except the following, if any: 2. That in the event the undersigned is a mortgagor: a. That the mortgage or trust deed to be insured under the referenced commitment number and the note or bond secured thereby are good and valid in all respects and free from all defenses; b. That any person purchasing said mortgage and note or bond, or any of them, or otherwise acquiring any interest therein, may do so in reliance upon the truth of the matter herein recited; c. That this certification is made for the purpose of better enabling the legal holder of said securities to sell, purchase or otherwise dispose of the same freely at any time and so as to insure the purchaser, transferee or pledgee thereof against any claim of defense thereto by the heirs'personal representative or assigns of said maker. The undersigned makes the above statements for the purpose of inducing Lawyers Title Insurance Corporation to issue its Extended Coverage Owners or Loan Policy pursuant to the referenced commitment. NOTE: If a land trust is involved, this must be signed by the beneficiary, not the trustee. Seller or Owner(Individuals) Purchaser(Individuals) (Seal) (Seal) (Seal) (Seal) (Corporations) (Corporations) IN WITNESS THEREOF, IN WITNESS THEREOF, has caused these presents to be signed by has caused these presents to be signed by its President and attested its President and attested to by its Secretary under to by its Secretary under its corporate seal on the above date. its corporate seal on the above date. LENDER'S DISBURSEMENT STATEMENT. The undersigned hereby certifies that the proceeds of the loan secured by the mortgage to be insured under the loan policy is to be issued pursuant to the above commitment were fully disbursed to or on the order of the mortgagor on day of , 2003; and to the best knowledge and belief of the undersigned, the proceeds are not to be used to finance the making of future improvements or repairs on the land. You are hereby authorized to date down the above commitments to cover the date of said disbursement. Dated Signature of Lender's Representative Loan No.: