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ROBERT P. LARSON
<br />I EFFREY W. LAMBERT
<br />KATHLEEN M. ROER
<br />PATRICIA YOEDICKE
<br />KAREN SANGER
<br />Tex -Sota Construction, Inc.
<br />P.O. Box 186
<br />Wayzata, Mn. 55391
<br />LARSON 8 LAMBERT
<br />ATTORNEYS AT LAW
<br />320 SOUTA BROADWAY
<br />WAYZATA, MINNESOTA 55391
<br />May 10, 1982
<br />Re: All of Lot 24, and the East 519 feet of Lot 23, except the South 180
<br />feet of the West 125 feet of the East 459 feet of Lot 23, J.F.
<br />Eisenmengers Garden Lots.
<br />Gentlemen:
<br />TELEPHONE
<br />(612) 475 -3435
<br />At your request, we have examined record title to the above - described property
<br />in Ramsey County, Minnesota, using for the purpose of that examination an Abstract of
<br />Title containing 81 entries, last certified to by Title Insurance Company of Minnesota -
<br />St. Paul Abstract & Title Division on the 21st day'of April, 1982, at 8:00 a.m. Assuming
<br />said Abstract and the appended certificates relating to taxes, judgments, state and
<br />federal tax liens, and bankrutpcy proceedings to 'be true and correct, it is our opinion
<br />that on the date last mentioned, the fee title to said real estate was vested in
<br />NAEGELE, INC., a Delaware corporation.
<br />The title, however, is subject to the following:
<br />1. An Agreement to Extend and Modify Mortgage and Mortgage Note dated
<br />December 28, 1977, to First National Bank of St. Paul, filed February 24, 1978 as
<br />Document No. 1995254, a copy of which is attached hereto as Exhibit A. This
<br />Agreement subjects the above - referenced property to the lien of a Mortgage in the
<br />amount of $900,000.00, originally executed December 31, 1973. This Mortgage is also
<br />secured by other property. The mortgagors are Naegele Outdoor Advertising Company
<br />of the Twin Cities, Inc. and Naegele Properties, rnc. A release of the above- described
<br />property from the lien of said Mortgage should be provided at closing.
<br />2. All right of access, being the right of ingress to and egress from Lot 24,
<br />J.F. Eisenmengers Garden Lots to Trunk Highway No. 36, was taken by the State of
<br />Minnesota in condemnation proceedings, Final Certificate dated October 26, 1963, and
<br />filed November 26, 1963, in Book 1878, page 1, File No. 1605685.
<br />3. An Easement for trunk highway purposes, together with the right to erect
<br />temporary snow fences upon the lands therein described and upon the lands adjacent
<br />thereto; to construct certain slopes, and to maintain the same after construction, to
<br />take the right of access to Trunk Highway 36 from the owners whose lands front
<br />thereon, and to take all trees, shrubs, grass, and herbage within the right -of -way of the
<br />trunk highway therein acquired, and to keep and have exclusive control of the same,
<br />37
<br />„yet
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