Transaction Identification Data, for which the Company assumes no liability as set forth in Commitment Condition 5.e.:
Issuing Agent: FL1717
Issuing Office: Moorhead Law Group, PLLC
Loan ID Number:
Issuing Office File Number: Hilliard
Plant File Number: WTS-25-056359
Property Address: 4897 Mulatto Bayou Drive, Milton, FL 32571

SCHEDULE A

1.	Commitment Date: 5/20/2025 @ 8:00 am

2.	Policy to be issued:
a.	2021 ALTA® Owner’s Policy
Proposed Insured: To Be Determined
Proposed Amount of Insurance: $1,000.00
The estate or interest to be insured: Fee Simple

b.	2021 ALTA® Loan Policy
Proposed Insured: 
Proposed Amount of Insurance: 
The estate or interest to be insured: Fee Simple

c.	2021 ALTA® Second Loan Policy
Proposed Insured: 
Proposed Amount of Insurance: 
The estate or interest to be insured: Fee Simple

3.	The estate or interest in the Land at the Commitment Date is: Fee Simple

4.	The Title is, at the Commitment Date, vested in: Elizabeth P. Hilliard and Claude Robert Hilliard - Parcel F; Elizabeth Pidgeon Hilliard and Carla Lemley Rich, as Co-Trustees of the Hilliard 2008 Family Trust and C. Robert Hilliard - Parcels G and H

5.	The Land is described as follows: See Schedule A – Continuation Page for Legal Description

Moorhead Law Group, PLLC

By:					
Authorized Signatory

	Schedule A, Continuation Page

Parcel F:

A parcel of land in Section 34, Township 1 North, Range 29 West (Henry Wilson Grant), Santa Rosa County, Florida, described as follows: Begin at a point 600 feet South 49 degrees 40 minutes East of a point 2100 feet South 40 degrees 20 minutes West of a point 1108 feet North 6 degrees East of the Southeast corner of said Section 34; thence South 40 degrees 20 minutes West 450 feet to shoreline of Bayou; thence Easterly and Northerly with said shoreline to a point 372 feet South 49 degrees 40 minutes East of the Point of Beginning; thence North 49 degrees 40 minute West 372 feet to the Point of Beginning, containing 3.7 acres, more or less.

Parcel G:

A Parcel of land in Section 34, Township 1 North, Range 29 West (Henry Wilson Grant), Santa Rosa County, Florida, described as follows: Begin at a point 600 feet South 49 degrees and 40 minutes East of a point 2100 feet South 40 degrees and 20 minuses West of a point 1108 feet North 6 degrees East of the Southeast corner of said Section 34; thence North 40 degrees and 20 minutes East 390 feet: thence South 49 degrees and 40 minutes East 400 feet to West edge of bayou; thence Southwesterly along shoreline of bayou to a point 372 feet South 49 degrees and 40 minutes East of Point of Beginning; thence North 49 degrees and 40 minutes West 372 feet to Point of Beginning, being 3.2 acres, more or less.

Parcel H:

A Parcel of land in Section 34, Township 1 North, Range 29 West: (Henry Wilson Grant), Santa Rosa County, Florida, described as follows: Commence at a concrete monument designated as the Southeast corner of said Section 34; thence North 06 degrees East 1108 feet to a point in the East Right of Way line of the Louisville &  Nashville Railroad; thence South 40 degrees 20 minutes West with said Right of Way parallel to and 25 feet from center line of said railroad a distance of 1850 feet, thence left at right angles to said railroad Right of Way South 49 degrees 40 minutes East 600 feet; thence left at right angles to preceding line North 40 degrees 20 minutes East 140.00 feet to the "Point of Beginning"; thence continue North 40 degrees 20 minutes East 825 feet to the Westerly shoreline of Mulatto Bayou; thence Southwesterly along and together with the meanderings of said Westerly shoreline to a point more or less 390 feet South 49 degrees 40 minutes East of the "Point of Beginning"; thence North 49 degrees 40 minutes West, more or less, 390 feet to the "Point of Beginning". Said parcel being in area 3.1 acres, more or less.

And together with that certain Ingress/Egress Easement recorded in Official Records Book 174, Page 705, of the Public Records of Santa Rosa County, Florida.

And together with that Non-Exclusive Perpetual Easement Agreement from Florida Gulf and Atlantic Railroad, LLC, a Delaware limited liability company, recorded in Official Records Book 4504, Page 1758, of the Public Records of Santa Rosa County, Florida, over and across the following described property:

Commencing at the Southeast corner of Section 34, Township 1 North, Range 29 West, Santa Rosa County, Florida; thence run North 6 degrees 00 minutes 00 seconds East, along the East line of said Section 34, for a distance of 1108.00 feet to an intersection with the Southeast right-of-way line of Florida Gulf & Atlantic Railroad (formerly known as Louisville and Nashville Railroad - 50' right-of-way); thence run South 40 degrees 20 minutes 00 seconds West, along said Southeast right-of-way line, for a distance of 2100.00 feet for the Point of Beginning, said Point of Beginning being the same point of beginning of a 30 foot wide ingress/egress easement described in Official Records Book 174, at Page 705, of the Public Records of aforesaid Santa Rosa County, Florida; thence continue South 40 degrees 20 minutes 00 seconds West, along said Southeast right-of-way line, for a distance of 15.00 feet; thence departing said Southeast right-of-way line, run North 28 degrees 40 minutes 32 seconds West, a distance of 52.26 feet to a point on the Northwest right-of-way line of the aforementioned Florida Gulf & Atlantic Railroad; thence run North 40 degrees 20 minutes 00 seconds East, along said Northwest right-of-way line, a distance of 30.00 feet; thence departing said Northwest right-of-way line, run South 28 degrees 40 minutes 32 seconds East, for a distance of 52.26 feet to the aforesaid Southeast right-of-way line of Florida Gulf & Atlantic Railroad; thence run South 40 degrees 20 minutes 00 seconds West, along said Southeast right-of-way line, for a distance of 15.00 feet to the Point of Beginning.

The above-described parcel of land being in Section 34, Township 1 North, Range 29 West, Santa Rosa County, Florida.

SCHEDULE B, PART I - Requirements

All of the following Requirements must be met:
1.	Documents satisfactory to the Company that convey the Title or create the Mortgage to be insured, or both, must be properly authorized, executed, delivered, and recorded in the Public Records. 
a.	Warranty Deed from Elizabeth Pidgeon Hilliard and Carla Lemley Rich, both individually, joined by spouse if married, or recitation of non-homestead clause, and as Co-Trustee(s) of the Hilliard 2008 Family Trust, to To Be Determined, conveying the land described as Parcels G and H under Schedule "A".
b.	Warranty Deed from Elizabeth P. Hilliard and Claude Robert Hilliard to To Be Determined conveying the land described as Parcel F under Schedule "A".
c.	Warranty Deed from C. Robert Hilliard to To Be Determined conveying the land described as Parcels G and H under Schedule "A".
NOTE: Spouse of individual(s), if any, to join in the above required instrument(s) OR the document must state that captioned property is not the homestead of the grantor/mortgagor.
2.	Pay the agreed amount for the estate or interest to be insured.
3.	Payment of all taxes, charges, assessments, levied and assessed against subject premises, which are due and payable.
4.	Satisfactory evidence should be had that improvements and/or repairs or alterations thereto are completed; that contractor, subcontractors, labor and materialmen are all paid.
5.	Exceptions 3 and 4 of Schedule B - Section 2 of this commitment may be amended in or deleted from the policy to be issued if a survey, satisfactory to the Company, is furnished to Company. 
6.	The Proposed Insured must notify the Company in writing of the name of any party not referred to in this Commitment who will obtain an interest in the Land or who will make a loan on the Land. The Company may then make additional Requirements or Exceptions.
7.	Pay the premiums, fees, and charges for the Policy to the Company.
8.	For each policy to be issued as identified in Schedule A, Item 2, the Company shall not be liable under this commitment until it receives a specific designation of a Proposed Insured and/or the Amount of Coverage to be afforded and has revised this commitment to reflect same. As provided in Commitment Condition 4, the Company may amend this commitment to add, among other things, additional exceptions or requirements after the designation of the Proposed Insured or inclusion of the Amount of Coverage.
9.	All land (improved or unimproved) owned by an absentee owner (i.e. mailing address other than the subject property) increases the risk of fraud, including identity theft.  The title agent must use extreme caution and diligence to verify the identity of all seller(s) by following the guidelines set forth in the Westcor Florida Underwriting Bulletin No.: FL-2022-1-LB.  A copy is available upon request.
10.	A search of the public records of Santa Rosa County, Florida did not disclose a recorded mortgage encumbering the subject property.  The Agent must confirm with the owner(s) that the property is free and clear and no unrecorded mortgages exist.
11.	Execution and recordation by the current Trustee of the Hilliard 2008 Family Trust, a Certification of Trust in compliance with Florida Statutes Section 736.1017.  In the event a Successor Trustee is attempting to convey/mortgage the property and said Successor Trustee is not set out on the vesting deed, the portions of the trust and amendments setting out the successor trustee(s) should be attached to said trust certification. (Parcels G and H)
NOTE:  FOR INFORMATIONAL PURPOSES ONLY: The following instrument(s) affecting said land are the last conveying instrument(s) filed for record:
1. Warranty Deed recorded January 30, 1996 in Official Records Book 1514, Page 983, of the Public Records of Santa Rosa County, Florida. (Parcel F)
2. Quit Claim Deed recorded July 8, 2008 in Official Records Book 2840, Page 1560, of the Public Records of Santa Rosa County, Florida. (Parcels G and H)
3. Quit Claim Deed recorded July 8, 2008 in Official Records Book 2840, Page 1557, of the Public Records of Santa Rosa County, Florida. (Parcels G and H)
4. Personal Representative's Deed recorded July 8, 2008 in Official Records Book 2840, Page 1555, of the Public Records of Santa Rosa County, Florida. (Parcels G and H)
5. Personal Representative's Deed recorded July 8, 2008 in Official Records Book 2840, Page 1553, of the Public Records of Santa Rosa County, Florida. (Parcels G and H)
6. Taxes for the year 2024 and all prior years are paid in full for Account No. 34-1N-29-0000-01204-0000 (Parcel F). 
7. Taxes for the year 2024 and all prior years are paid in full for Account No. 34-1N-29-0000-01203-0000 (Parcel G). 
8. Taxes for the year 2024 and all prior years are paid in full for Account No. 34-1N-29-0000-01208-0000 (Parcel H).

SCHEDULE B, PART II - Exceptions

Some historical land records contain Discriminatory Covenants that are illegal and unenforceable by law. This Commitment and the Policy treat any Discriminatory Covenant in a document referenced in Schedule B as if each Discriminatory Covenant is redacted, repudiated, removed, and not republished or recirculated. Only the remaining provisions of the document will be excepted from coverage.

The Policy will not insure against loss or damage resulting from the terms and provisions of any lease or easement identified in Schedule A, and will include the following Exceptions unless cleared to the satisfaction of the Company:

1.	Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date but prior to the date the proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment.
2.	Rights or claims of parties in possession not shown by the Public Records.
3.	Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments on the Land of existing improvements located on the adjoined land.
4.	Easements or claims of easements not shown by the Public Records
5.	Taxes or special assessments which are not shown as existing liens by the public records.
6.	Taxes and assessments for the year 2025 and subsequent years, which are not yet due and payable.
7.	Actual acreage is neither insured nor guaranteed. (all parcels)
8.	Multi-Party Utility Easement for Water and Sewer recorded in Official Records Book 1888, Page 1946, of the Public Records of Santa Rosa County, Florida. (all parcels)
9.	Right of Way Easement recorded in Official Records Book 174, Page 705, of the Public Records of Santa Rosa County, Florida, and rights of others in and to said easement. (all parcels)
10.	Riparian rights and littoral rights, if any, incident to the land. (Parcels D, F, G and H)
11.	Road Maintenance Agreement recorded in Official Records Book 1514, Page 997, of the Public Records of Santa Rosa County, Florida. (Parcels F and G)
12.	Title to any portion of the land lying below the mean high water mark of Mulatto Bayou, unaffected by fills, man-made jetties and bulkheads. (Parcels  F, G and H)
13.	Any and all rights of the United States of America in and to navigable waters or filled-in land formerly within navigable waters and any conditions contained in any permits authorizing the filling in of such land. (Parcels F, G and H)
14.	Any adverse ownership claim by the State of Florida by right of sovereignty to any portion of the lands insured hereunder, including submerged, filled, and artificially exposed lands and lands accreted to such lands. (Parcels F, G and H)
15.	The inalienable rights of the public to use the navigable waters covering lands described herein. (Parcels F, G and H)
16.	Terms and Conditions of the Non-Exclusive Perpetual Easement Agreement from Florida Gulf and Atlantic Railroad, LLC, a Delaware limited liability company, recorded in Official Records Book 4504, Page 1758. of the Public Records of Santa Rosa County, Florida. (as to easement parcels)
17.	Reservations affecting rights in Oil, Gas or any other Minerals, lying upon or beneath the lands insured hereby, pursuant to that instrument recorded in Official Records Book 3847, Page 1530, of the Public Records of Santa Rosa County, Florida. (No determination has been made as to the current record holder of such mineral interest).  Element of coverage 3b of the Florida Form 9 comprehensive Endorsement issued herewith, if any, shall not apply with respect to this item. (as to easement parcels)
18.	Terms, Conditions and Reservations set forth in Quit Claim Deed recorded in Official Records Book 3847, Page 1530, of the Public Records of Santa Rosa County, Florida. (as to second easement parcel)