Item 12 - Agreements for On-Call Real Estate Title and Escrow Services

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EXRWIETI-4 SERVICES PROVIDED Chicago Title is expecting to complete all the preliminary title reports and address any title issues necessary within the projected timeframe and within the projected budget allocation. Our Operations Manager and Sales Executive will be available to address any issues with staffing or workflow. Our Underwriting Counsel is available as needed to give the attention that your projects deserve. TITLE RESEARCH AND REPORTING: Preliminary Title Reports — Title Reports will be delivered in electronic format with hyperlinked documents. Preliminary reports shall show ownership of specific land parcels along with the encumbrances, all liens (Money Encumbrances) such as general or specific liens, mechanic liens, all tax liens, appurtenant and easement in gross, Public Service Easement/Right of Way, Vacation Documentation of Record, mortgage, trust deeds and legal descriptions. Title reports will remain open for 24 months from the date of the original report. There are no refunds for the cost of a preliminary title report. A credit can be provided for up to $1000 towards the policy premium if closed within 12 months from the original report date. Undated We Reports: -Updated reports will be available within 24 months from original report date. Work Plan: Within 7 business days based on lot & tract legal descriptions Title Searches_ Chicago Title will provide easement searches and street searches as needed based on the hourly rate with the estimated cost and time frame as approved. Chain of Title Guarantee: A chronological list of documents comprising of the Record History of Title to a specific parcel of real property. The Chain of Title Report can be deeds only or a full chain of every document recorded for a specific period of time. The report also includes documents (copies of all vesting deeds) from the County Recorder's Office for a sequence of historical transfers of title for the specific years required. Work Plan: 5 to 7 days based on lot & tract descriptions Other Related Information: Chicago Title shall provide all relevant documentation and records pertaining to the title of the property. This includes, but is not limited to: • Copies of vesting deeds • Parcel maps and/or tract maps • Any other documents of record that establish ownership or property boundaries Note: FEMA flood zone designations are outside the scope of this request and will not be provided by our team. Litigation Guaranty: Provides assurances concerning (1) a statement of the present condition of record title to the estate or interest which is the subject of the Guarantee, setting forth the record owner and all record defects in or liens or encumbrances on such title; and (2) a listing of all persons who, according to the public records, would be necessary and proper defendants in the action in order to accomplish its intended purpose, as determined by inquiry and discussion with the attorney. Required information needed to process: Liability Amount, Purpose (condemn, foreclose, quiet title, etc.), Name of Insured, Name of Attorney. Work Plan: Within 7 to 10 businesses day based on lot & tract legal descriptions 5