SUBDIVISION GUARANTEE <br />Our No. 164742-MR <br />Page 5 <br />This is not a report issued preliminar to the issuance of a Title Insurance <br />policy. Our search is limited to the L me specified in this guarantee and <br />the use hereof is intended as an informational report onlyy, to be used in <br />conjunction with the development of Real Property. Liability hereunder is <br />limited to an aggregate sum of not to exceed $1,000.00. <br />Dated: January 19, 2001 <br />Yours very tr.uly, <br />4~ <br />Mike Rutherford, <br />Title Officer <br />NOTE: ORS 92.305 (1) reads as follows: <br />"Blanket encumbrance" means a trust deed or mortgage or any other lien or <br />encumbrance, mechanic's lien or otherwise, securing or evidencing the payment <br />of money and affecting more than one interest in subdivided or series <br />partitioned land, or an agreement affecting more than one such lot, parcel or <br />interest by which the subdivider, series partitioner or developer holds such <br />subdivision or series partition under an option, contract to sell or trust <br />agreement. <br />gf <br />