480 E 36th Avenue, Anchorage, AK 99503(907) 274-2562 Fax: (866) 458-1764

LIMITED LIABILITY REPORT

Customer:Municipality of Anchorage Real Estate Services/Tax Foreclosures, Municipal Permit Center4700 Elmore Road, 2nd FloorAnchorage, AK 99518ATTN: Debbie Reichreichdl@muni.org(907) 343-7953 PHONE(907) 249-7702 FAX

Report No.: 01029-94839Fee: $250.00Effective Date: March 04, 2015Recording District: AnchorageProperty Address: 3725 Randolph StreetProperty Legal Description: Lot Ten (10), Block Eight (8), GREEN ACRES SUBDIVISION, according to the official plat

thereof, filed under Plat No. P-152, in the records of the Anchorage Recording District, Third Judicial District, State of Alaska.

The Agent has searched its internal title plant records, applicable governmental records regarding property taxes, and such other public records for the Recording District which are normally searched in the conduct of a title examination, and has determined that, as of 8:00 a.m. on the Effective Date:

1. Fee simple title to the Property is vested as follows:

Municipality of Anchorage

2. According to those public records which, under the recording laws, impart constructive notice of matters relating to title to the Property, only the following matters appear in such records relating to the Property:

a.

b.

c.

d.

Reservations and exceptions as contained in the United States Patent and/or in Acts authorizing the issuance thereof.

Taxes and/or assessments due the Municipality of Anchorage for the year 2015, a lien but levy therefore has not been made.

Easement for electrical transmission and/or telephone distribution and incidental purposes, including terms and provisions thereof:Granted To : Chugach Electric Association, Inc.Recorded : August 6, 1952Deed Book : 76Page : 362Affects : Blanket Easement

Covenants and notes as shown on the plat of said subdivision.

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e.

f.

g.

h.

i.

Deed of Trust, including terms and provisions thereof, securing the amount shown together with any other amounts due thereunder:Trustor : Jimmie D. LockhartTrustee : Alyeska Title Guaranty Co.Beneficiary : Small Business AdministrationAmount : $25,000.00, together with any other amounts due thereunder Dated : August 1969Recorded : August 25, 1969Book : 662Page : 336

NOTE: The deed of trust shown above may have been fully paid, but we find no reconveyance ofrecord as of the effective date of this commitment.

Deed of Trust, including terms and provisions thereof, securing the amount shown together with any other amounts due thereunder:Trustor : Jimmy LockhartTrustee : Transalaska TitleBeneficiary : Fred Adkerson, Inc.Amount : $10,000.00, together with any other amounts due thereunder Dated : October 18, 1996Recorded : October 29, 1996Book : 2991Page : 726

NOTE: The deed of trust shown above may have been fully paid, but we find no reconveyance ofrecord as of the effective date of this commitment.

Real Estate Lien, including terms and provisions thereof:Executed by : Jimmie Drew Lockhart, Sr.Against : Any and All Unknown Named PartiesAmount : $450,000.00, together with any other amounts due thereunderRecorded : May 25, 1999Book : 3476Page : 944

(Affects this and other property)

Judgment entered in District Court for the State of Alaska, Third Judicial District.Case Number : 3AN-06-11563In favor of : Denali Alaskan Federal Credit UnionAgainst : Jimmie D. LockhartAmount : $3,703.46, together with any other amounts due thereunderRecorded : May 1, 2007Serial Number : 2007-026600-0Attorney for Creditor : Eugenia G. Sleeper, Esq., Jermain, Dunnagan & Owens, PC

Judgment entered in Superior Court for the State of Alaska, Third Judicial District.Case Number : 3AN-01-5541In favor of : Duane Draper, Michael J. Draper, Denise Gauthier and Diane BakerAgainst : Earl G. Lockhart and Jimmie Drew Lockhart, Sr.Amount : $$42,503.67 again Earl Lockhart and $21,251.84 against Jimmie Drew Lockhart, Sr., together with any other amounts due thereunderRecorded : July 31, 2007Serial Number : 2007-049121-0Attorney for Creditor : Wayne G. Dawson

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j.

k.

l.

Judgment entered in District Court for the State of Alaska, Third Judicial District.Case Number : 3AN-07-08477CIIn favor of : Alaska USA Federal Credit UnionAgainst : Aaron Lockhart, Sr. and Jimmie Drew Lockhart, Sr.Amount : $6,681.16, together with any other amounts due thereunderRecorded : June 26, 2008Serial Number : 2008-037683-0Attorney for Creditor : Coryell Dawson, LLC

Judgment entered in District Court for the State of Alaska, Third Judicial District.Case Number : 3AN-01-05511CIIn favor of : Duane Draper, Michael J. Draper, Denise Gauther and Diane BakerAgainst : Jimmie Drew Lockhart, Sr.Amount : $14,400.00, together with any other amounts due thereunderRecorded : September 3, 2009Serial Number : 2009-057923-0Attorney for Creditor : Coryell Dawson

The right, title and interest of Jimmie D. Lockhart, Sr.

Stewart Title of Alaska

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This Report:

(a) Is issued for the purpose of complying with Bulletin B 07-03 issued by the State of Alaska Division of Insurance.

(b) Has been prepared only for Customer and may not be relied on by third parties.

(c) Is not a title insurance policy, guarantee or commitment to issue a title insurance policy. In the event a title insurance commitment, guarantee or policy is requested, additional exceptions for matters not shown on the public record may be shown. These additional exceptions may include, but may not limited to: (i) reservations and exceptions shown in the U.S. Patent; (ii) section boundary line easements pursuant to A.S. 19.10.010; (iii) taxes and assessments not yet due and payable; (iv) matters not shown by the public records but which would be disclosed by an inspection or inquiry of parties in possession; (v) conflicts in boundary lines, encroachments and other matters that would be disclosed by an accurate survey; (vi) mechanic’s lien claims and (vii) easements or claims of easements not disclosed by the public records.

The maximum liability the Agent or the Agent’s underwriter shall collectively have under this report is the amount of the Fee charged for the report, regardless of any errors or omissions contained herein.

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