Chicago Title NCS Chicago: SYFCREC 2021

Surviving Your First Commercial Real Estate Closing I Title Commitments Tax Exceptions Acceptable Proofs of Payment o County website confirmation o Payment through escrow Underwriting Considerations o Title Indemnities for unpaid taxes 1. Taxes for the year(s) 2020 and 2021 2021 taxes are not yet due or payable. 1A. Note: 2020 first installment was due March 2, 2021 Note: 2020 final installment is due October 1, 2021 Perm tax# Pcl Year 1 st Insta Stat 2 nd Instal Stat 03-26-102-005-0000 1 of 1 2020 $204,519.93 Paid $210,041.15 Unpaid 25 Surviving Your First Commercial Real Estate Closing I Title Commitments Corporate Clearance (Corporation) Acceptable Title Clearance: o Resolution o Certificate of Good Standing o Articles of Incorporation o By-laws The Company will require the following documents for review prior to the issuance of any title insurance predicated upon a conveyance or encumbrance by the corporation named below: Name of Corporation: Stellar Seller, Inc., an Illinois corporation a) A Copy of the corporation By-laws and Articles of Incorporation b) An original or certified copy of a resolution authorizing the transaction contemplated herein c) If the Articles and/or By-laws require approval by a ‘parent’ organization, a copy of the Articles and By-laws of the parent d) A current dated certificate of good standing from the proper governmental authority of the state in which the entity was created The Company reserves the right to add additional items or make further requirements after review of the requested documentation. 26 25 26 16