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Order No. LP21700783 <br />Page 4 of 11 <br />SCHEDULE B - SECTION 2 <br />EXCEPTIONS <br />Any policy we issue will have the following exceptions unless they are taken care of to our satisfaction: <br />1. Any facts, rights, interests or claims which are not shown by the Public Records, but which could be <br />ascertained by an inspection of the Land or that may be asserted by persons in possession of the Land. <br />2. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records. <br />3. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that <br />would be disclosed by an accurate and complete land survey of the Land and not shown by the Public <br />Records. <br />4. Any lien, or right to a lien, for services, labor or materials heretofore or hereafter furnished, imposed by <br />law and not shown by the Public Records. <br />5. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the <br />Public Records or attaching subsequent to the Effective Date hereof but prior to the date the proposed <br />Insured acquires for value of record the estate or interest or mortgage thereon covered by the <br />Commitment. <br />6. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that <br />levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public <br />agency that may result in taxes or assessments or notices of such proceedings, whether or not shown by <br />the records of such agency or by the Public Records. <br />7. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the <br />issuance thereof; (c) ditches and ditch rights; water rights, claims or title to water; (d) all interest in oil, <br />gas, coal and other mineral rights severed by predecessors in Title and any and all assignments thereof <br />or interests therein; whether or not the matters excepted under (a), (b), (c) or (d) are shown by the Public <br />Records. <br />8. The provisions and reservations contained in the following listed patents from the United States of <br />America, as follows: <br />FIRST: That the premises hereby granted shall be held subject to any vested and accrued water rights <br />for mining, agricultural, manufacturing or other purposes, and rights to ditches and reservoirs used in <br />connection with such water rights as may be recognized and acknowledged by the local laws, customs <br />and decision of the courts. And there is reserved from the lands hereby granted a right of way thereon for <br />ditches or canals constructed by the authority of the United States. <br />SECOND: That in the absence of necessary legislation by Congress, the Legislature of Colorado may <br />provided rules of working the mining claim or premises hereby granted, involving easements, drainage <br />and other necessary means to its complete development. <br />Book/Page Recording Date <br />151/346 <br />02/17/17 <br />139/275 <br />01/26/14 <br />144/321 <br />01/10/16 <br />38/69 <br />07/06/05 <br />38/67 <br />06/05/05 <br />38/68 <br />07/06/05 <br />144/459 <br />04/25/16 <br />38/138 <br />08/09/35 <br />38/101 <br />08/25/10 <br />