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FIRST AMERICAN TITLE INSURANCE COMPANY <br /> Policy No. 201500290CAF <br /> 5. The Land referred to in this Policy is in the State of NC County of Orange <br /> and described as follows : <br /> LOCATION OF GRAVELLY HILL MIDDLE SCHOOL - ORANGE COUNTY, CHEEKS TOWNSHIP <br /> BEING ALL OF TRACT 1, CONTAINING 65. 505 ACRES, OF THE ORANGE COUNTY BOARD OF <br /> EDUCATION PROPERTY AS RECORDED IN PLAT BOOK 100, PAGE 86, ORANGE COUNTY <br /> REGISTRY. <br /> ORANGE COUNTY PIN #9844-05-7652 <br /> 6. This policy incorporates by reference those ALTA endorsements selected below: <br /> 4-06 (Condominium) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . No <br /> 4 . 1-06 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . No <br /> 5-06 (Planned Unit Development) . . . . . . . . . . . . . . . . No <br /> 5. 1-06 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . No <br /> 6-06 (Variable Rate) . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes <br /> 6.2-06 (Variable Rate--Negative Amortization) . . . . No <br /> 8 . 1-06 (Environmental Protection Lien) . . . . . . . . . . . No <br /> Referring to the following state statute (s) : NONE <br /> 9-06 (Restrictions, Encroachments,Minerals) . . . . No <br /> 13. 1-06 (Leasehold Loan) . . . . . . . . . . . . . . . . . . . . . . . . . . No <br /> 14 . 06 (Future Advance - Priority) . . . . . . . . . . . . . . . Yes <br /> 14 . 1-06 (Future Advance - Knowledge) . . . . . . . . . . . . . . No <br /> 14 .3-06 (Future Advance - Reverse Mortgage) . . . . . . . No <br /> 22-06 (Location) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . No <br /> The following endorsements are attached hereto and incorporated herein: <br /> ALTA 8.2-06 <br /> FATIC-439 Page 2 <br />