Title 101: Making Sense of Title Insurance in Commercial Transactions

72 DCNCS.CTIC.COM VA – ALTA COMMITMENT FOR TITLE INSURANCE CHICAGO TITLE INSURANCE COMPANY COMMITMENT NO. SampleVAACC SCHEDULE B, PART I - Requirements (continued) This page is only a part of a 2021 ALTA® Commitment for Title Insurance issued by Chicago Title Insurance Company. This Commitment is not valid without the Notice; the Commitment to Issue Policy; the Commitment Conditions; Schedule A; Schedule B, Part I-Requirements; Schedule B, Part II-Exceptions; and a counter-signature by the Company or its issuing agent that may be in electronic form. Copyright American Land Title Association. All rights reserved. The use of this Form (or any derivative thereof) is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. ALTA Commitment for Title Insurance w-VA Mod (07/01/2021) Printed: 11.09.23 @ 06:14 PM Page 5 DC-CT-FA61-02100.141018-SPS-1-23-SampleVAACC A. a copy of the LP’s Partnership Agreement, together with any and all amendments thereto; B. a copy of the LP’s Certificate of Limited Partnership; C. a current Good Standing Certificate from the LP’s jurisdiction of formation; D. a Certificate of Authority from the Commonwealth of Virginia (foreign LP only); and E. joinder by all of the general partners of the LP in the execution and delivery of the instruments required to consummate the transaction which is the subject of this Commitment, or in lieu thereof, evidence that the Partnership Agreement, as amended, establishes the authority of a single identified partner, or less than all of the partners to execute and deliver the same. Note: This Commitment is subject to such additional exceptions as may appear upon review of said documentation. 10. With regard to _ General Partnership, a _ general partnership (the “GP”), the following is required: A. a copy of the GP’s Partnership Agreement, together with any and all amendments, thereto; B. a copy of the Statement of Partnership Authority from the State of __________ (foreign GP); and C. joinder by all of the general partners of the GP in the execution and delivery of the instruments required to consummate the transaction which is the subject of this Commitment, or in lieu thereof, evidence that the Partnership Agreement, as amended, establishes the authority of a single identified partner, or less than all of the partners to execute and deliver the same. Note: This Commitment is subject to such additional exceptions as may appear upon review of said documentation. 11. With regard to _, a _ corporation (the “Corporation”), the following is required: A. a copy of the Articles of Incorporation and By-Laws of the corporation, and any and all amendments thereto; B. a Certificate of Incorporation issued by the Corporation’s jurisdiction of formation; C. a current Good Standing Certificate (or equivalent) issued by the Secretary of State (or equivalent) of the Corporation’s jurisdiction of formation; D. a duly certified copy of the Certificate of Authority from the Commonwealth of Virginia (foreign Corporation only); and E. a copy of the resolution of the Board of Directors authorizing the sale/acquisition and/or encumbrance of the real property referred to herein, and directing authorized officers to execute/accept a Deed and/or execute and deliver a mortgage or deed of trust encumbering the title thereto. Chicago Title NCS DC l MD Page 100

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