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,08/19/,2004 17: 57 FAX 813 229 4133 CARLTON FIELDS-TAMPA ~ 005/008 LAWYERS TITLE INSURANCE CORPORATION National Headquarters Richmond, Virginia SCHEDULE B - Section 1 Requirements The following are the requirements to be complied with: 1. Payment to or for the account of the grantors or mortgagors of the full consideration for the estate or interest to be insured. 2. Proper instrument(s) creating the estate or interest to be insured must be approved, executed and filed for record: (a) Partial Tennination of that certain Notice of Commencement recorded in Official Records Book 5780, Page 1686, public records Pasco County, Florida releasing .subject property by furnishing the following: (i) Executed Contractor's Final Affidavit and Release of Lien; (ii) Release of lien from each person shown as baving given notice to Lowe's Home Center, Inc. ("Lowe's) in the Construction Lien Affidavit; (ili) Release of lien from each person shown as having a direct contract with Lowe's in the Construction Lien Affidavit; (iv) Final Waiver of Lien from each person shown as unpaid in Contractor's Final Affidavit and Release of Lien; (v) Record Notice of Termination and Cancellation of Notice of Commencement; (vi) Indemnity, satisfactory to the Company, executed by Lowe's, and any other party requested by the Company, must be furnished, together with financial infoIDlation from all indemnitors, which financial infonnation must be deemed by the Company to establish that the Indemnity represents security commensurate with such risk. (b) Special Warranty Deed from Oakley Groves, Inc., a Florida corporation to RT Tampa Franchise, L.P., a Delaware limited partnership. 3. Satisfactory proof must be furnished establishing that Oakley Groves, Inc., a Florida corporation is a corporation duly organized, validly existing, and in good standing lmderthe la wS of the State of Florida. 4. Corporate Resolution from the Board of Directors of Oakley Groves, Inc., a Florida corporation authorizing the sale of subject property and specifying the officers who are authorized to executed the Special Warranty Deed.