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<br />EXHIBIT A <br />I• <br />The encumbrances and exceptions to the title set forth on the <br />Policy of Title Insurance covering the real estate and improvements <br />thereon which are subject to the Leas <br />the Bonds are delivered. <br />\rrrompol\sthbend\golfcour.se\exhibit.a;June 25, 1992 <br />e to be provided at the time <br />I 1 <br />~J <br />