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Escrow Docs 2023 - Stewart Title - PARCEL 1 Purchase - Hwy 111 & DP Rd NEC - Blackpoint Partnersiltstewart November 3, 2023 TITLE Stewart Title of California, Inc. 73-020 El Paseo, Ste 103 Palm Desert, CA 92260 (760) 771-4645 main fax tb l a c kfo rd @stewa rt. co m La Quinta Housing Authority, a public body, a corporate and politic 78495 Calle Tampico La Quinta, CA 92253 Order No.: 1925187 Property Address: Parcel 1 of Parcel Map 38668, Vacant Land Portion of APN 600-030-038, La Quinta, CA 92253 The above escrow closed on 2nd day of November, 2023; in connection therewith we enclose the following: Check or wire in the amount as provided on the Settlement Statement Final Settlement Statement (please retain for tax purposes) Recorded documents to which you are entitled will be mailed to you by the County Recorder's Office. Any other documents to which you may be entitled will be forwarded to you as soon as they are available. COUNTY TAXES ON REAL PROPERTY ARE DUE AS FOLLOWS: First installment due November 1st and delinquent after December 10th - and Second installment due February 1st and delinquent after April 10th. If you do not receive a Tax Bill one month prior to the due date, please contact your County Tax Collector. Thank you for the opportunity to be of service to you in this transaction. We look forward to working with you again. Sincerely, Stewart Title of California, Inc. Tamara Blackford Escrow Officer Enclosures '.WARN MG! D } NOT AC CERT THI5;CHECK UNLESS YOU CAM SEEEA TRUE WIITERMARK WHEN. HQUIN GINE CHECKTO•TNE LSGMTAND Stewart Title of California, Inc. Escrow Accounts 73-020 El Paseo, Ste 103 Palm Desert, CA 92260 PAY One Thousand and 00/100 'i*` PINK•.LOCK AND REY.ICONST ATPADE WHEN WARMED Citizens Business Bank 224551 1010 East Colorado Blvd Pasadena, CA 91106 November 03, 2023 $1,000 00 i4i.*********,rY+++,-0,.**Y++f+i+tk+r+..:.+<+++++++++++++++++++++:+.+++++++++a+++r+++++a++++++ Dollars TO THE La Quinta Housing Authority, a public body, a corporate and politic ORDER 78495 Calle Tampico Of, La Quinta, CA 92253 0 1925187 Il' 22455L11' 1:L222341491:6740L688311' Void after 90 days RUR OR•SREATHE'ON.THE'PINK LOCK& KEY IEONS'- CGLOR WILL FAOEANO'RE''T.URN'OH AN A r• : E C' CHECK -'IF-CES NOT -FADE. DO NOTACCEPT Escrow Officer: Tamara Blackford 224551 DATE: 11/3/2023 FILE: 1925187 CHECK AMOUNT: $1,000.00 BUYER/SELLER: La Quinta Housing Authority, a public body, a corporate and politic... SETTLEMENT DATE: 11/2/2023 PROPERTY ADDRESS: Parcel 1 of Parcel Map 38668, Vacant Land Portion of APN 600-030-038, La Quinta, CA 92253 PAYEE: La Quinta Housing Authority, a public body, a corporate and politic 11/3/2023: Allocation for Buyer Refunds/Proceeds Group $1,000.00 American Land Title Association Certified True and Correct Copy Stewart Title of California, Inc. FINAL ALTA Settlement Statement - Buyer Adopted 05-01-2015 File No./Escrow No.: 1925187 Print Date & Time: 11/3/2023 3:12:05 PM Officer/Escrow Officer: Tamara Blackford Stewart Title of California, Inc. 73-020 El Paseo, Ste 103 Palm Desert, CA 92260 (760) 771-4645 Property Address: Buyer: PARCEL 1 OF PARCEL MAP 38668, VACANT LAND PORTION OF APN 600-030-038 LA QUINTA, CA 92253 (RIVERSIDE) (Portion of 600-030-038) LA QUINTA HOUSING AUTHORITY, A PUBLIC BODY, A CORPORATE AND POLITIC 78495 Calle Tampico La Quinta, CA 92253 Settlement Date: 11/2/2023 Disbursement Date: 11/2/2023 Page 1 of 1 File # 1925107 Printed on 11/3/2023 at 3:12 PM Description Buyer P.O.C. Debit Credit Deposits, Credits, Debits Contract sales price 53.623,495-00 Deposit or Earnest Money 550.000.00 Buyer Closing Funds from La Ouinta Housing Authority. a public body. a corporate and politic 53.583.426.00 Title Charges Owners coverage 53623.495 00 Premium 56,181.00 to Stewart Title of California, Inc. 56.181,00 Settlement or closing fee to Stewart Title of California, Inc. 52,750.00 P.O.C. Debit Credit Subtotals 50.00 03,632,426.00 53,633,426.00 Due To Buyer_ $1,000.00 Totals 50-00 53,633426.00 53633,42800 Page 1 of 1 File # 1925107 Printed on 11/3/2023 at 3:12 PM American Land Title Association ESTIMATED ALTA Settlement Statement - Buyer Adopted 05-01-2015 File No./Escrow No.: Print Date & Time: Officer/Escrow Officer: Tamara Blackford 1925187 Stewart Title of California, Inc. 10/30/2023 11:44:23 AM 73-020 El Paseo, Ste 103 Palm Desert, CA 92260 (760) 771-4645 Property Address: PARCEL 1 OF MARCEL MAP 38668, VACANT LAND PORTION LA QUINTA, CA 92253 (RIVERSIDE) (Portion of 600-030-038) Buyer: LA QUINTA HOUSING AUTHORITY, A PUBLIC BODY, A CORPORATE 78495 Calle Tampico La Quinta, CA 92253 Seller: BP DUNE PALMS, LP, A CALIFORNIA LIMITED PARTNERSHIP C/O Blackpoint Properties LLC 1129 Industrial Avenue Ste 205 Petaluma, CA 94592 Settlement Date: 10/31/2023 Disbursement Date: OF APN 600-030-038 AND POLITIC -111 Description Buyer Deposits, Credits, Debits P.O.C. Debit Credit Contract sales price 53.623.495 00 Deposit or Earnest Money 350 000 00 Subtotal of Deposita, Credits, Debite 33.623,495.00 350.000.00 Title Chargee Owner's coverage 33,623,495 00 Premium 06,181.00 to Stewart Title of California, Inc 56.181 00 Settlement or dosing fee to Stewart Title of California, Inc 52,750 00 Subtotal of Title Charges 38,931.00 Additional Settlement Charges Misc Reserve/Buffer to Stewart Title of California, Inc 31.000 00 Subtotal of Additional Settlement Charges 51,000,00 P.O.C. Debit Credit Subtotals 30 00 53,633,426.00 350 000 00 iDue From Buyer _ 53.583 426 00 Totals 5000 53.633.426.00 03.633 426 00 Acknowledgement We/I have carefully reviewed the ALTA Settlement Statement and find it to be a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction and further certify that I have received a copy of the ALTA Settlement Statement, We/I authorize Stewart Title of California, Inc. to cause the funds to be disbursed in accordance with this statement. BUYER(S) La . ng Authority, a public body, a corporate and politic By Jon 6tcMil rve Director SETTLEMENT COORDINATOR Tamara Blackford Page 1 of 1 File # 1925187 Printed on 10/30/2023 at 11:44 AM American Land Title Association ESTIMATED ALTA Settlement Statement - Buyer Adopted 05-01-2015 File No./Escrow No.: 1925187 Stewart Title of California, Inc. Print Date & Time: 10/30/2023 11:44:23 AM 73-020 El Paseo, Ste 103 Palm Desert, CA 92260 (760) 771-4645 Officer/Escrow Officer: Tamara Blackford Property Address: Buyer: Seller: PARCEL 1 OF MARCEL MAP 38668, VACANT LAND PORTION OF APN 600-030-038 LA QUINTA, CA 92253 (RIVERSIDE) (Portion of 600-030-038) LA QUINTA HOUSING AUTHORITY, A PUBLIC BODY, A CORPORATE AND POLITIC 78495 Calle Tampico La Quinta, CA 92253 BP DUNE PALMS, LP, A CALIFORNIA LIMITED PARTNERSHIP C/O Blackpoint Properties LLC 1129 Industrial Avenue Ste 205 Petaluma, CA 94592 Settlement Date: 10/31/2023 Disbursement Date: Acknowledgement We/I have carefully reviewed the ALTA Settlement Statement and find it to be a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction and further certify that I have received a copy of the ALTA Settlement Statement. We/I authorize Stewart Title of California, Inc. to cause the funds to be disbursed in accordance with this statement. BUYER(S) La Quinta Housing Authority, a public body, a corporate and politic By: Jon McMillen, Executive Director SETTLEMENT COORDINATOR Tamara Blackford Page 1 of 1 File # 1925187 Printed on 10/30/2023 at 11:44 AM Description Buyer P.O.C. Debit Credit Deposits, Credits, Debits Contract sales price $3,623,495.00 Deposit or Earnest Money $50,000.00 Subtotal of Deposits, Credits, Debits $3,623,495.00 $50,000.00 Title Charges Owner's coverage $3,623,495.00 Premium $6,181.00 to Stewart Title of California, Inc. $6,181.00 Settlement or closing fee to Stewart Title of California, Inc. $2,750.00 Subtotal of Title Charges $8,931.00 Additional Settlement Charges Misc. Reserve/Buffer to Stewart Title of Califomia, Inc. $1,000.00 Subtotal of Additional Settlement Charges $1,000.00 P.O.C. Debit Credit Subtotals $0.00 $3,633,426.00 $50,000.00 Due From Buyer $3,583,426.00 Totals $0.00 $3,633,426.00 $3,633,426.00 Acknowledgement We/I have carefully reviewed the ALTA Settlement Statement and find it to be a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction and further certify that I have received a copy of the ALTA Settlement Statement. We/I authorize Stewart Title of California, Inc. to cause the funds to be disbursed in accordance with this statement. BUYER(S) La Quinta Housing Authority, a public body, a corporate and politic By: Jon McMillen, Executive Director SETTLEMENT COORDINATOR Tamara Blackford Page 1 of 1 File # 1925187 Printed on 10/30/2023 at 11:44 AM 4Qthd CALIFORNIA Name / Title of person requesting wire WIRE REQUEST Doug Kinley III, Management Analyst Department individual is associated with: City Manager's Office Nie u : 20 i')-8-1 Wire instructions (please also attach): Citizens Business Bank (Vendor) -- - Stewart Title of California, Inc. Escrow (Account R cltfeT) Amount $ 3,583,426.00 Land Acquisition Fund - Account Number: 249-0000-74010 6741122985 122234149 Account Number Project Number: ( ) jAouting Number) Uescription and reference information: Wire Request for Closing Statement Amount of $3,583,426.00 Escrow NoT192518/ BlackPoint (BP) Dune Palms, LLC, by general partner Blackpoint Properties, LLC RmaI Drnnnrhr Arne,icifinn F 1QQ nr'roc of IIF(' of I-1 ni 111 R rliIna ID Imc Pre o Si • • .ture: Jon McMillen, Executive Director (Ue• _ ent ReaU) October 30, 2023 (Date) BY: BY: APPROVED FOR PAYMENT (Finance Department Use Only) ACCOUNT NO. DESCRIPTION //f stewart TITLE NOTE: FOR THIS TRANSACTION, THESE WIRING INSTRUCTIONS WILL NOT CHANGE YOU MUST CONTACT YOUR CLOSING TEAM TO VERBALLY VERIFY THE WIRING INSTRUCTIONS 24 HOURS PRIOR TO WIRING FUNDS. Funding Information To help deter fraudulent banking activity, Stewart Title of California, Inc. recommends all closing funds be sent by Federal Wire Transfer and to avoid use of Cashier's Checks where possible. Use of Cashier's Check may delay funding while they are verified with the issuing bank. ACH Transfers WILL NOT be accepted. WIRE INSTRUCTIONS File No.: 1925187 Buyer/Borrower: La Quinta Housing Authority, a public body, a corporate and politic Bank Name: Bank Address: ABA Number: Account Name: Account Number: Citizens Business Bank 1010 East Colorado Blvd Pasadena, CA 91106 122234149 Stewart Title of California, Inc. Escrow Account 6741122985 Failure to reference Stewart Title of California, Inc.'s file no. may delay the receipt of funds. These instructions should only be used to Wire Transfer funds to Stewart Title of California, Inc.. Do not use this account number to deposit any type of funds, including a cashier's check, into our account or send funds by ACH, E -Check or any other type of on-line bill payment or electronic funds transfer. These types of payments will be rejected and will delay the closing process. If you are using a Cashier's Check for funds for closing, bring the check to (or prior to) closing. Please note that the Borrower's lender may request verification at closing that the funds received by Stewart Title of California, Inc. were sent from an account listed on the Borrower's loan application and as previously approved as the source of funds. If you have any questions regarding this matter, please call your local Stewart Title of California, Inc. office at a previously verified and trusted phone number. There has been an increase in fraud involving email scams and wire transfers. For your security, please call your local Stewart Title of California, Inc. office at a previously verified and trusted phone number to confirm the wire instructions to be used before sending funds. Stewart Title of California, Inc. 73-020 El Paseo, Ste 103 Palm Desert, CA 92260 tblackford@stewart.com BANKTHEWEST A trade name used by BMO Harris Bank N.A. Printed on 02/06/2023 Pending Approvals Batch Details Payment Type Domestic Wire Effective Date 02/06/2023 Approve Payments X O Domestic Wire Approved Reference Number 5498893 Total Number Of Transactions 1 Transaction(S) Pay From Account CITY OF LA QUINTA OPERATING ACCOUNT ****1851 Total Amount 50,000.00 USD Payment Frequency One -Time High -Priority For Approver? Comments For Approver User Remarks No Total No. of Transactions(1) Transaction 1 Recipient Details Stewart Title Of California 73020 El Paseo, Ste 103 Palm Desert 92260 , United States Of America Payment Amount Recipient Account Number 50,000.00 USD 6741122985 Recipient Bank Details Internal Company Notes 122234149 Agreement For Purchase Dated 1/18/23 CITIZENS BUSINESS BANK O NTARI O,Cal iforn ia00000 United States Of America Intemal Company Recipient Email Attachments Customer Reference Number Remittance Notes Escrow #1925187 / APN #600-030-018 Earnest Deposit - Blackpoint Properties (Hwy 111 & Dune Palms Rd) Bank Confirmation No 000014309236 See Less n DONE ib 2023 BMO Harris Bank N.A. Member FDIC. Equal Housing Lender 1T 4Ojthda CAI.IFORNIA WIRE REQUEST Name / Title of person requesting wire Doug Kinley III, Management Analyst Department individual is associated with: City Manager's Office Nc', : 2019-8-19 Wire instructions (please also attach): Citizens Business Bank (vend011 Stewart Title of California, Inc. Escrow (Aceauntl4o1der) 6741122985 (Account -NI -amber) Amount $ 50,000.00 Account Number: 122234149 Project Number: Description ana reference information: Routing Number) 249-0000-74010 Wire Request for Earnest Money Deposit of $50,000.00 Escrow No 92MB 1 BlackPoint (BP) Dune Palms, LLC, by general partner Blackpoint Properties, LLC Reol Prnner$v Arniiicifinn nnnrnv I 7 nnree of KIP('- of I-lunnr 111 R. Iliune Polme Rr1 ignature: Jon McMillen, Executive Director (Departmen anuary 31, 2023 (Date) APPROVED FOR PAYMENT (Finance Department Use Only) BY: BY: ACCOUNT NO. DESCRIPTION 111'stewart TITLE NOTE: FOR THIS TRANSACTION, THESE WIRING INSTRUCTIONS WILL NOT CHANGE YOU MUST CONTACT YOUR CLOSING TEAM TO VERBALLY VERIFY THE WIRING INSTRUCTIONS 24 HOURS PRIOR TO WIRING FUNDS. Funding Information To help deter fraudulent banking activity, Stewart Title of California, Inc. recommends all closing funds be sent by Federal Wire Transfer and to avoid use of Cashier's Checks where possible. Use of Cashier's Check may delay funding while they are verified with the issuing bank. ACH Transfers WILL NOT be accepted. WIRE INSTRUCTIONS File No.: 1925187 Buyer/Borrower: La Quinta Housing Authority, a public body, a corporate and politic Bank Name: Bank Address: ABA Number: Account Name: Account Number: Citizens Business Bank 1010 East Colorado Blvd Pasadena, CA 91106 122234149 Stewart Title of California, Inc. Escrow Account 6741122985 Failure to reference Stewart Title of California, Inc.'s file no. may delay the receipt of funds. These instructions should only be used to Wire Transfer funds to Stewart Title of California, Inc.. Do not use this account number to deposit any type of funds, including a cashier's check, into our account or send funds by ACH, E-Check or any other type of on-line bill payment or electronic funds transfer. These types of payments will be rejected and will delay the closing process. If you are using a Cashier's Check for funds for closing, bring the check to (or prior to) closing. Please note that the Borrower's lender may request verification at closing that the funds received by Stewart Title of California, Inc. were sent from an account listed on the Borrower's loan application and as previously approved as the source of funds. If you have any questions regarding this matter, please call your local Stewart Title of California, Inc. office at a previously verified and trusted phone number. There has been an increase in fraud involving email scams and wire transfers. For your security, please call your local Stewart Title of California, Inc. office at a previously verified and trusted phone number to confirm the wire instructions to be used before sending funds. Stewart Title of California, Inc. 73-020 El Paseo, Ste 103 Palm Desert, CA 92260 tblackford@stewart.com 111'Stewart TITLE Stewart Title of California, Inc. 73-020 El Paseo, Ste 103 Palm Desert, CA 92260 (760) 771-4645 main fax tblackford@stewart.com Date: January 24, 2023 Escrow Officer: Tamara Blackford Order No.: 1925187 Property Address: Parcel 1 of Marcel Map 38668, Vacant Land Portion of APN 600-030-038, La Quinta, CA 92253 CONTRACT AGREEMENT ESCROW INSTRUCTIONS Stewart Title of California, Inc. IS LICENSED BY THE STATE OF CALIFORNIA UNDER THE DEPARTMENT OF INSURANCE LICENSE NO. 388 The undersigned has caused to be handed you a duly executed copy of that certain Agreement for Purchase and Sale and Escrow Instructions, hereinafter referred to as the "Agreement" dated 1/18/2023 by and between, BP Dune Palms, LP, a California limited partnership as Seller and La Quinta Housing Authority, a public body, a corporate and politic as Buyer. On or before October 31, 2023, each party will hand you any instructions, documents and/or funds necessary on his or her behalf to enable you to comply with said "Agreement". Said "Agreement" shall constitute escrow instructions which Stewart Title of California, Inc. as Escrow Holder, is instructed to use, along with any additional mutual instructions required to close this transaction. Escrow Holder is only to be concerned with the conditions and/or payments and/or documents commonly under the control of or made or delivered through an Escrow Holder. The following are for clarification purpose only, and the parties hereto agree to be bound by same as far as the escrow is concerned. The intent of the following instructions is not to modify the agreement, only clarify Escrow Holder's duties. Escrow Holder is authorized and instructed to obtain beneficiary statements and/or demands on any matter of record required to place title in the condition called for pursuant to these instructions. Escrow Holder is authorized and instructed to charge buyer and seller accounts, at the close of escrow, with their respective costs as provided for in the "Agreement" and as per their estimated closing statement to be approved prior to the close of escrow. Each party signing these instructions has read, understands, and accepts the General Provisions attached hereto as Exhibit "1". Sellers(s): BP Dune Palms, LP, a California limited partnership By: Blackpoint Properties, LLC, a California limited liability company Its: General Partner By: Jeff Halbert, Manager Order No.: 1925187 Page 1 of 7 Contract Agreement Escrow Instructions CA Buyer(s): La Quinta Housing Authority, a public body, a corporate and politic • By: t� Jo p -P T Millen, Executive Director Order No : 1925187 Page 2 of 7 Contract Agreement Escrow Instructions CA EXHIBIT 1 GENERAL PROVISIONS STEWART TITLE OF CALIFORNIA, INC. IS LICENSED BY THE STATE OF CALIFORNIA UNDER THE DEPARTMENT OF INSURANCE LICENSE NO. 38B Deposit of Funds Non -Interest Bearing Account Unless the option in the following paragraph is chosen (and the separate instructions are completed and the additional fees described in that paragraph are paid), all funds received in this escrow shall be deposited with other escrow funds into Stewart Title of California, I nc_'s ("Escrow Holder) general escrow account. This is a rrorrinterest bearing account with a financial institution selected by Escrow Holder. Escrow Holder may receive certain financial benefits from that financial institution because of the general escrow account and Escrow Holder's ongoing banking relationship with the financial institution_ These benefits may include, without limitation, credits allowed by the financial institution on loans to, and earnings on, investments made with the proceeds of such loans, accounting, reporting and other services and products of such financial institution. Escrow Holder does not have an obligation to account to you, in any manner, for the value of, or to compensate any party for, any benefit received by Escrow Holder from such relationship. Arty such benefits shall be deemed additional compensation for Escrow Holder's services in connection with the escrow. Interest -Bearing Account You, as parties signing the Escrow Instructions, have the opportunityto earn interest on the funds you deposit with Escrow Holder by instructing, pursuant to separate, signed, written instruction, Escrow Holder to deposit your funds in an interest bearing account (you do not, however, have an opportunity to earn interest on any funds deposited by a lender). If you elect to earn interest, there is an additional fee in the amount of 550.00 for establishing and maintaining such an account Depending upon the amount deposited and current interest rates, this fee may exceed the actual interest you earn. Insurance on Deposited Funds Funds deposited into escrow andlor with Escrow Holder's financial institution are insured only as provided by the Federal Deposit Insurance Corporation ("FDIC") for Escrow Holderas financial institution_ Escrow Holder shall not be responsible for the Toss of any monies over the FDIC insured limits regardless of the reason, e_g., bank closure or similar action. Deposit of Personal Checks or Cashier's Checks in Lieu of Wire Transfers for Initial Deposits If parties provide and deposit with Escrow Holder a personal check or cashier's check for the required initial deposit when the agreement calls for a wire transfer, Escrow Holder is authorized and instructed to accept the deposit and disregard any conflicting instructions or agreements_ The parties agree to hold Escrow Holder harmless from any and all loss or damages related to accepting such personal check or cashier's check for the initial deposit_ Dishonored Checks If any check submitted to Escrow Holder is dishonored, Escrow Holder is authorized to notify all paries to the escrow and their representatives_ Escrow Holder may, in its sole discretion, charge a fee of 325_0D per dishonored check. Fee for Funds Remaining in Escrow Escrow Holder may, in its sole discretion, charge and deduct from funds held, a monthly fee of 525.00 for any funds deposited into escrow remaining more than 90 days after eithe-r the estimated close of escrow or the actual close of escrow. Disbursement of Funds Disbursements by Escrow Holder will be by wire or check. Checks shall be issued to parties exactly as written in title or as designated in a writing signed by the applicable parties_ Unless otherwise instructed in a writing signed by the parties entitled thereto, checks will be issued jointly to the parties designated as payees_ Escrow Holder may, in its sole discretion, limit check issuance to those as written in title, on the contract or as specified in the applicable record_ California law regulates the disbursement of escrow funds by Escrow Holder. The law, known as the "Good Funds" law, requires that funds deposited into the Escrow Holder's account be available for withdraw before the Escrow Holder can disburse the funds. Wired funds are preferred and may be disbursed upon confirmed receipt by the Escrow Holder_ Funds received by cashier's check or teller check drawn on a California bank may be disbursed on the business day following the day of deposit with confirmation of available funds. Funds received by other means may cause a delay in disbursement and closing the transaction_ Escrow Holder is not responsible for interest or other charges incurred by the parties as a result of the Good Funds or similar laws. Escrow Holder is also not responsible for any wire delays caused by a financial institution or the Federal Reserve System. Condition of the Property Escrow Holder has no responsibility for the condition of the Property, its suitability for its intended use, or for its compliance with federal, state, or local laws and ordinances (including, but not limited to, environmental regulations and subdivision ordinances). Order No.: 1925187 Page 3 of 7 Contract Agreement Escrow Instructions CA Homeowner's Association Documents (Condominiums, Planned Unit Developments, etc,) The parties understand and authorize Escrow Holder to obtain a statement of fees from the homeowner's association ( HOA), to charge the account of Seller to bring current, if required, and to charge the account of sel ler with any transfer fee as demanded by the HOA. Seller shall furnish to buyer certain HOA documents and disclosures as required. Escrow Holder shall have no duties, obligations, or responsibilities with regard to these HOA materials_ In the event Escrow Holder receives copies of these HOA materials, it is authorized to provide copies to buyer. Escrow Holder may rely upon these HOA materials to satisfy any contractual obligations and is authorized to provide contact information to and about the HOA when requested. If parties have any questions about HOA matters, they shall contact the HOA di rectly. The parties agree to hold Escrow Holder harmless from any and all loss or damages related to HOA matters. Property Insurance, Flood Insurance, Termite Certification, Home Warranty and/or Natural Hazard Disclosure The parties understand that Escrow Holder may be provided with documents related to, and/or assist the parties in ordering and/or obtaining, certain items in connection with your transaction, i.e., property insurance, flood insurance, termite certification, home warranty and/or natural hazard disclosure. The parties understand that Escrow Holder does not provide any advice or make any representations related to the items nor does it have any duties, obligations or responsibilities related to the effectiveness, sufficiency, or validity of any such document(s). The parties authorize and instruct Escrow Holder if provided with or receives these items. to provide copies as requested or as required to process the transaction. The parties agree to hold Escrow Holder harmless from any and all loss or damages related to property insurance, flood insurance, termite certification, home warranty and/or natural hazard disclosure matters. Settlement Statements and Closing Disclosures The parties authorize payment of all disbursernents and charges as itemized on any settlement statement and Closing disclosure. The parties understand and agree that any settlement statement or Closing Disclosure is subject to final adjustment and audit and may be amended to reflect actual charges and adjustrnents incurred through the time of disbursement and dosing_ The parties understand that monetary errors and miscalculations may occur, e.g., miscalculation of numbers, translation of figures or improper credit or charge. The parties further acknowledge and agree that when a monetary error or miscalculation is discovered, the party from whom the money was due shall immediately pay into escrow such amounts as may be necessary as advised by Escrow Halder. If such discovery is made after the transaction is fully disbursed, the party from whom the money was due shall immediately pay those monies eitherto the applicable party directly or to Escrow Holder as instructed by Escrow Holder. Pro -rations, Property Taxes and Supplemental Taxes Generally, all pro -rating is calculated as of the date of recording of documents and is based on a 30 -day month and a 360 -day year. Property taxes will be prorated an the latest available tax figures. The parties acknowledge that, in the event property taxes are recalculated by a taxing authority after the closing date (because of recent improvements constructed upon the Property or for any other reason), the parties will handle the matter amongst themselves outside of escrow and immediately pay the appropriate taxing authority. The parties agree to hold Escrow Holder harmless from any and all Toss or damages related to any additional taxes due and owing. In addition, pursuant to section 75 of the California Revenue and Taxation Code, tax collectors and/or tax assessors may assess supplemental taxes and issue supplemental tax bills after dosing. The parties understand that Escrow Holder shall not calculate, collect, or pay any supplemental taxes and thus, any supplemental tax bills shall be handled amongst themselves outside of escrow and shall immediately be paid to the appropriate taxing authority. The parties agree to hold Escrow Holder harmless from any and all Toss or damages related to any supplemental taxes due and owing_ Authorization to Complete, Correct, Record, andlor Furnish Document Copies The parties authorize and instruct Escrow Holder to: (a)fill in the date of close of escrow (e.g., the date documents are recorded) and such other necessary dates an any documents related to this transaction; (b) correct any typing, scriveners' or other similar errors on any docs rents delivered into escrow related to this transaction; (c) record any document delivered into escrow related to this transaction, if necessary or proper for the issuance of policies of title insurance or the closing of escrow; (d) furnish copies from its file of settlement statements or Closing Disclosures to real estate agents, real estate brokers, mortgage brokers, lenders and loan servicers; (e) upon written request, provide copies of checks. settlement statements, Closing Disclosures and file ledgers to lenders and loan servicers; (1) provide Buyers and Sellers information and documents to Buyer's lender when requested by, oras is required by, the Buyer's lender to process the sale transaction; and (g) furnish copies of any documents from its file to parties entitled thereto (including lenders, real estate brokers, attorneys and others representing parties to the transaction)_ Disclosure to Escrow Holder The parties understand and acknowledge their duty to fully disclose to Escrow Holder any and all matters which affect the transfer of the Property and the condition of title to the Property including; but not limited to, judgment or liens against the Property or any party, water stock, mineral rights (e.g., gas, oil, etc), owners association or maintenance dues, solar panels, PACE/HERO/Clean Energy contracts, contractual obligations not automatically terminated upon sale. promissory notes, deeds of trust and/or vendors liens. Limitation on Duty to Inform Escrow Holder shall have no duty or responsibility for notifying the parties of any sale, resale, loan, exchange, or other transaction involving the Property or of the profit realized by any person, firm or corporation in connection therewith, regardless of the fact that such transaction(s) may be handled concurrently by Escrow Holder in this escrow or in another escrow. Order No.: 1925187 Page 4 of 7 Contract Agreement Escrow Instructions CA Liens Against Property Escrow Holder is authorized to order demands for, and pay at the close of escrow, any liens and encumbrances of record (e.g., deeds of trust, judgment liens, mechanic's liens, etc.) which must be satisfied and released in order to place title in the condition as called for in the file contracts andfor lender's instructions_ This authorization includes payment of penalties and late charges claimed by the Iienholder as well as any interest through the date funds are to be received by the lienholder. In the event of a revolving or equity line of credit, Escrow Holder is authorized to request that the lender freeze the account upon receipt of the payoff demand and close the account upon payment of the balance due. Escrow Holder may provide the lienholder with a copy of these instructions as evidence of Escrow Holder's authority to make such a request or, when needed, may have you sign the Suspension and Closure of Equity Line of Credit form which requires the lienholder to do same. Should a payment by Escrow Holder to a lien holder be rejected as insufficient, Escrow Holder is authorized to request that the payment, as well as any balance in an impound account, be applied towards the balance due the lienholder_ In the event amounts paid to the lienholder are insufficient to obtain a release of the lien (regardless of the reason), the party responsible for payment of the lien: (a) acknowledges that this lien was due and owing and is that party's responsibility; (b) authorizes, when available, Escrow Holder to use any of that party's funds in escrow to pay the shortfall; and (c) agrees to immediately pay the shortfall to the I ienholderto secure the release ander to Escrow Holder if so advised. to ensure payment in full to the I ienholder. The party responsible for payment of the lien agrees to hold Escrow Holder harmless from any and all Toss or damages related to payment in full of this lien regardless of the reason this lien was not paid off_ Withdrawal of Escrow Holder Escrow Holder may, at any time, in its sole discretion, and for any reason, terminate its escrow relationship with the parties to the escrow and withdraw as Escrow Holder. Without instruction from the parties, Escrow Holder will return documents and funds {less costs incurred) to the depositing parties and its file will be cancelled. Cancellation of Escrow Fees and Costs and Return of Documents Upon Cancellation In the event this escrow is cancelled, Escrow Holder shall be entitled to: (a) pay from funds on deposit any fees and charges due Escrow Holder, including cancellation fees and any expenses incurred or authorized; and {b} if this is a sale escrow, return lenders papers andlorfunds upon lender's demand. Disputecl Funds Upon Cancellation of Escrow Escrow Holder's policy is to require mutual, signed cancellation instructions from all applicable parties prior to cancellation andlor release of escrowed funds. In the event: a. not all applicable paities to the escrow provide mutual, signed cancellation instructions to Escrow Holder, or b. a dispute arises involving a parry to this escrow concerning the Property; or c. conflicting demands or claims are male with respect to escrow funds, the escrow generally or the rights of arry of the parties, Then Escrow Holder shall have the absolute right in its sole discretion, to do any or all of the following: 1. withhold and stop all further proceedings in performance of this escrow until signed, mutual cancellation instructions are deposited with Escrow Holder, or 2. engage outside counsel and transfer the disputed funds for counsel's dispute resolution services: or 3. alternatively, to engage outside counsel and transfer the disputed finds to counsel to file an interpleader lawsuit requiring the applicable parties to 1itigatetheir claims and rights with respect to the disputed funds. Escrow Holder is hereby authorized to first use the disputed funds to pay all attorneys' fees, filing fees, and other costs and expenses associated with the above- described counsel engagement Any agreement between the paities limiting or prohibiting an interpleader action is hereby superseded_ In connection with Escrow Holder's engagement of counsel in numbers 2 and 3 above, once counsel is engaged, Escrow Holder shall be immediately fully released and discharged from all obligations to further perform any and all duties or obligations imposed upon it in connection with this escrow. Disputed Funds Held Upon Close of Escrow Escrow Holder's policy is to require mutual, signed cancellation instructions from all applicable parties to release funds hell upon close of escrow In the event not all applicable parties provide mutual, signed instructions to Escrow Holder regarding these held funds, Escrow Holder shall have the absolute right, in its sole discretion, to either (1 } engage outside counsel and transfer the disputed funds for counsel's dispute resolution services; or (2) alternatively, to engage counsel and transfer the disputed funds to counsel to tile an interpleader lawsuit requiring the applicable parties to litigate their claims and rights with regard to the held funds. Escrow Holder is hereby authorized to first use the disputed funds to pay all attorneys' fees, filing fees, and other costs and expenses associated with the above-described actions_ Any agreement between the parties limiting or prohibiting an i nterpl eader action is hereby superseded. Once counsel is engaged in either (1 ) or {2}, Escrow Holder shall be immediately fully released and discharged from all obligations to further perform any and all duties or obligations imposed upon it in connection with this escrow. Order No.: 1925187 Page 5 of 7 Contract Agreement Escrow Instructions CA State and Federal Notifications Regarding Transactions 1{}99 Reporting Linder Federal law, the Seller, when applicable, is required to complete a 1499 -related Worksheet that will be utilized to generate a 1099 reporting statement to the Internal Revenue Service. FIRPTA Reporting Requirements Under Federal law, the Seller, when applicable, is required to complete documentation related to the Foreign Investors in Real Property Tax Act (FIRPTA). Escrow Holder is authorized and instructed to withhold funds pursuant to Section 1445 of the Internal Revenue Code of 1984, as amended, i.e., FIRPTA, or, pursuant to the documentation completed and deposited into escrow. Further. Escrow Holder is released from, and shall have no liability, obligations or responsibility with respect to: {a} withholding these funds; (b) advising of requirements of FIRPTA; {c} determining whether the seller is a foreign person, under such Section; or (d) obtaining a non -foreign affidavit or other exemption from withholding under such Section nor otherwise making any inquiry concerning compliance with such Section by any party to this transacts on. California Reporting Requirements In accordance with Sections 18661-18677 of the California Revenue and Taxation Code, Escrow Holder hereby provides the following notice: In accordance with Section 18662 of the Revenue and Taxation Code, a buyer maybe required to withhold an amount equal to 3 113 percent of the sales price or the amount that is specified in a written certificate executed by the transferor in the case of a disposition of California real property interest by either. 1. A seller who is an individual, trust, or estate or when the disbursement instructions authorize the proceeds to be sent to a financial intermediary of the seller, OR 2. A corporate or partnership seller that has no permanent place of business in California immediately after the transfer of title to the California real property. The buyer may become subject to penalty forfail ure to withhold an amount equal to the greater of 10 percent of the amount required to be withheld or five hundred dollars 13500). However, notwithstanding any other provision included in the California statutes referenced above, no buyer will be required to withhold any amount or be subject to penalty forfailure to withhold it 1. The sales price of the California real property conveyed does not exceed one hundred thousand dollars {$104000}, OR 2. The seller executes a written certificate, underthe penalty of perjury, certifying that the seller is a corporation or a partnership with a permanent place of business in California, OR 3. The seller, who is an individual, trust, estate, partnership, or a corporation without a permanent place of business in California executes a written certificate, under the penalty of perjury, of any of the following: A. The California real property being conveyed is the seller's or decedents principal residence, within the meaning of Section 121 of the Internal Revenue Coda B. The last use of the property being conveyed was use by the transferor as the transferor's principal residence within the meaning of Section 121 of the Internal Revenue Code. C. The California real property being conveyed is or will be exchanged for property of like kind, 'within the meaning of Section 1031 of the Internal Revenue Code, but only to the extent of the amount of gain not required to be recognized for California income tax purpoc,o✓ under Section 1031 of the Internal Revenue Code. D. The California real property has been compulsorily or involuntarily converted, within the meaning of Section 1033 of the Internal Revenue Code, and that the seller intends to acquire property similar or related in service or use so as to be eligible for nonrecognition of gain for California income tax purposes under Section 1433 of the Internal Revenue Code. E. The California real property transaction will result in a loss ora net gain not required to be recognized for California income tax purposes. The seller is subject to penalty for knowingly tiling a fraudulent certificate for the purpose of avoiding the withholding requirement. Escrow Holder is authorized and instructed to withhold funds pursuant to Sections 18661-18677 of the Revenue and Taxation Code or, pursuant to the documentation completed and deposited into escrow. Further, Escrow Holder is released from, and shall have no liability, obligations. or responsibility with respect to such withholding. Retention of Records The parties understand and acknowledge that Escrow Holder does riot generally retain original documents deposited into escrow but rather maintains electronic files, typically for a period of five (5) years or, otherwise, in accordance with its document retention policy. The parties also understand and authorize Escrow Holder to destroy these instructions and all documents related to, and records of, this escrow at any time after five (5) years from the date of close of escrow or the cancellation of this transaction or, otherwise, in accordance with its document retention policy. Order No.: 1925187 Page 6 of 7 Contract Agreement Escrow Instructions CA Title Insurance Notwithstanding the provisions of any agreement between the parties, in the event the title insurance policy requested is unavailable or issuance does not meet the underwriting standards and requirements of the title insurer, Buyer in structs Escrow Holder to cause to be issued a standard coverage owners policy, either the CLTA Standard Coverage Policy or the ALTA Owners Policy with Western Regional Exceptions. Modification of Instructions A notice, demand or change of instructions shall not have any effect unless given in writing and signed by all parties affected thereby_ Any additional instructions given to Escrow Holder shall be presented in writing_ The parties understand that when one party deposits into escrow a unilateral instruction, Escrow Holder, as a neutral third party, may prepare and present to all parties for review, approval and signature, an instruction consistent with that unilateral instruction. The parties also understand that Escrow Holder may receive additional instructions from third parties whose cooperation and agreement are necessary for the completion of this transaction (e.g., lenders, grantors, etc_). The parties hereby authorize Escrow Holder to comply with third party instructions when necessary to complete the transaction. Change in Ownership Form The parties understand and adknowtedge that a "Preliminary Change in Ownership Form" {POOR} is to be filed with The office of the County Assessor upon recordation of all transfer documents involving real property. As an accommodation only, Escrow Holder shall provide the PCOR to the Buyer for completion_ In the event the completed form is deposited into escrow prior to close, Escrow Holder shall deliver the form to the County Assessor concurrently with recordation of the documents being recorded in this transaction_ Escrow Holder shall have no liability for the accuracy, delivery, receipt or completeness of the form. The County may assess significant penalties and fines for failing to file the form, a delay in filing the form, or for filing a form with inaccurate or incomplete information; the parties agree that Escrow Holder shall not be liable for such penalties and fines. Any questions related to the POOR should be directed to the County Assessor for the specific County where the Property is located. Legal and Tax/Financial Advice Escrow Holder is not authorized to practice law nor provide tax and/or financial advice. The parties acknowledge that Escrow Holder has not provided any legal or tax/financial advice nor made any representations regarding the transaction and transaction -related document that have been relied upon_ The parties also acknowledge that they have been advised to consult with an attorney or taxtfinancial advisor of their choice before signing any transaction -related documents. Miscellaneous Provisions Counterpart Signatures These general provisions and escrow instructions may be executed in counterparts, each of which so executed shall, irrespective of the date of its execution and delivery, be deemed an original, and said counterparts together shall constitute one and the same instrument. Successors and Assigns All terms of these general provisions and escrow instructions shall be binding upon, inure to the benefit of, and be enforceable by, the parties to the escrow instructions and their respective legal representatives, successors and assigns_ Interpretation Captions are inserted for convenience of reference only and do not define, demi be, or [nit the scope of the intent of these instructions. Whenever the context so requires, the masculine gender includes the feminine and neuter, and the singular number includes the plural_ Survival In the event any term, covenant, condition, provision, or agreement contained in these general provisions and escrow instructions is held to be invalid or void by any court of competent jurisdiction, the invalidity of arry such term, covenant, condition, provision or agreement shall in no way affect any other teen, covenant, condition, provision or agreement herein contained. Facsimiles, Electronic Mail and Electronic Signatures Documents and instructions may be signed andlor transmitted via facsimile {fax}, electronic mail (e-mail) and/or an electronic document signing system. In the event the parties or their representatives utilize any of these methods to sign or transmit documents or instructions, Escrow Holder may use, rely, and act upon such documents and instructions in the same manner as if original signed documents or instructions were in the possession of Escrow Holder. Order No.: 1925187 Page 7 of 7 Contract Agreement Escrow Instructions CA AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT Date: October 30, 2023 File No.: 1925187 Property: Parcel 1 of Marcel Map 38668, Vacant Land Portion of APN 600-030-038, La Quinta, CA 92253 From: Stewart Title of California, Inc. This is to give you notice that Stewart Title of California, Inc. ("Stewart Title") has a business relationship with Stewart Solutions, LLC, DBA — Stewart Specialty Insurance Services, LLC ("Stewart Insurance"). Stewart Information Services Corporation owns 100% of Stewart Insurance and Stewart Title of California, Inc.. Because of this relationship, this referral may provide Stewart Title a financial or other benefit. Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider(s) as a condition for purchase, sale, or refinance of the subject Property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES. Stewart Insurance Settlement Service Charge or range of charges Hazard Insurance $400.00 to $6,500.00 Home Warranty $255.00 to $ 780.00 Natural Hazard Disclosure Report $ 42.50 to $ 149.50 File No.: 1925187 Page 1 of 1 ACKNOWLEDGEMENT OF RECEIPT, UNDERSTANDING AND APPROVAL OF STEWART TITLE GUARANTY COMPANY PRIVACY NOTICE FOR STEWART TITLE COMPANIES AND AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT The undersigned hereby acknowledge receipt of the Stewart Title Guaranty Company Privacy Notice for Stewart Title Companies and the Affiliated Business Arrangement Disclosure Statement that apply to this transaction. The undersigned further acknowledge that he/she/they have received, read, understand and accept these documents in connection with the above described transaction. The undersigned have received a copy of this acknowledgement as evidenced by the signature below. BP Dune Palms, LP, a California limited partnership By: Blackpoint Properties, LLC, a California limited liability company Its: General Partner By: Jeff Halbert, Manager La Quinta Housing Authority, a public body, a corporate and politic By: Jgt�- cMillen, Executive Director File No.: 1925187 Page 1 of 1 Updated: August 24, 2023 STEWART INFORMATION SERVICES CORPORATION GRAMM-LEACH BLILEY PRIVACY NOTICE This Stewart Information Services Corporation Privacy Notice ("Notice") explains how we and our affiliates and majority-owned subsidiary companies (collectively, "Stewart," "our," or "we") collect, use, and protect personal information, when and to whom we disclose such information, and the choices you have about the use and disclosure of your information. Pursuant to Title V of the Gramm -Leach Bliley Act ("GLBA") and other Federal and state laws and regulations applicable to financial institutions, consumers have the right to limit some, but not all sharing of their personal information. Please read this Notice carefully to understand how Stewart uses your personal information. The types of personal information Stewart collects, and shares depends on the product or service you have requested. Stewart may collect the following categories of personal and financial information from you throughout your transaction: 1. Identifiers: Real name, alias, online IP address if accessing company websites, email address, account name, unique online identifier, or other similar identifiers. 2. Demographic Information: Marital status, gender, date of birth. 3. Personal Information and Personal Financial Information: Full name, signature, social security number, address, driver's license number, passport number, telephone number, insurance policy number, education, employment, employment history, bank account number, credit card number, debit card number, credit reports, or any other information necessary to complete the transaction. Stewart may collect personal information about you from: 1. Publicly available information from government records. 2. Information we receive directly from you or your agent(s), such as your lender or real estate broker. 3. Information we receive from consumer reporting agencies and/or governmental entities, either directly from these entities or through others. Stewart may use your personal information for the following purposes: 1. To provide products and services to you in connection with a transaction. 2. To improve our products and services. 3. To communicate with you about our affiliates', and others' products and services, jointly or independently. Stewart may use or disclose the personal information we collect for one or more of the following purposes: • To fulfill or meet the reason for which the information is provided. • To provide, support, personalize, and develop our website, products, and services. • To create, maintain, customize, and secure your account with Stewart. • To process your requests, purchases, transactions, and payments and prevent transactional fraud. • To prevent and/or process claims. • To assist third party vendors/service providers who complete transactions or perform services on Stewart's behalf pursuant to valid service provider agreements. • As necessary or appropriate to protect the rights, property or safety of Stewart, our customers, or others. • To provide you with support and to respond to your inquiries, including to investigate and address your concerns and monitor and improve our responses. • To help maintain the safety, security, and integrity of our website, products and services, databases and other technology- based assets, and business. • To respond to law enforcement or regulator requests as required by applicable law, court order, or governmental regulations. • Auditing for compliance with federal and state laws, rules, and regulations. • Performing services including maintaining or servicing accounts, providing customer service, processing, or fulfilling orders and transactions, verifying customer information, processing payments. • To evaluate or conduct a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all our assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which personal information held by us is among the assets transferred. File No.: 1925187 Updated 08/24/2023 Stewart will not collect additional categories of personal information or use the personal information we collected for materially different, unrelated, or incompatible purposes without providing you notice. Disclosure of Personal Information to Affiliated Companies and Nonaffiliated Third Parties Stewart does not sell your personal information to nonaffiliated third parties. Stewart may share your information with those you have designated as your agent throughout the course of your transaction (for example, your realtor, broker, or a lender). Stewart may disclose your personal information to non-affiliated third -party service providers and vendors to render services to complete your transaction. We share your personal information with the following categories of third parties: • Non-affiliated service providers and vendors we contract with to render specific services (For example, search companies, mobile notaries, and companies providing credit/debit card processing, billing, shipping, repair, customer service, auditing, marketing, etc.) • To enable Stewart to prevent criminal activity, fraud, material misrepresentation, or nondisclosure. • Stewart's affiliated and subsidiary companies. • Parties involved in litigation and attorneys, as required by law. • Financial rating organizations, rating bureaus and trade associations, taxing authorities, if required in the transaction. • Federal and State Regulators, law enforcement and other government entities to law enforcement or authorities in connection with an investigation, or in response to a subpoena or court order. The law does not require your prior authorization or consent and does not allow you to restrict the disclosures described above. Additionally, we may disclose your information to third parties for whom you have given us authorization or consent to make such disclosure. We do not otherwise share your Personal Information or browsing information with non-affiliated third parties, except as required or permitted by law. Right to Limit Use of Your Personal Information You have the right to opt -out of sharing of your personal information among our affiliates to directly market to you. To opt -out of sharing your information with affiliates for direct marketing, you may send an "opt out" request to OptOut@stewart.com, or contact us through other available methods provided under "Contact Information" in this Notice. We do not share your Personal Information with nonaffiliates for their use to directly market to you without your consent. How Stewart Protects Your Personal Information Stewart maintains physical, technical, and administrative safeguards and policies to protect your personal information. Contact Information If you have specific questions or comments about this Notice, the ways in which Stewart collects and uses your information described herein, or your choices and rights regarding such use, please do not hesitate to contact us at: Phone: Email: Toll Free at 1-866-571-9270 Privacyrequest@stewart.com Postal Address: Stewart Information Services Corporation Attn: Mary Thomas, Chief Compliance and Regulatory Officer 1360 Post Oak Blvd., Ste. 100, MC #14-1 Houston, TX 77056 File No.: 1925187 Updated 08/24/2023 Effective Date: January 1, 2020 Updated: August 24, 2023 STEWART INFORMATION SERVICES CORPORATION PRIVACY NOTICE FOR CALIFORNIA RESIDENTS Stewart Information Services Corporation and its affiliates and majority-owned subsidiary companies (collectively, "Stewart," "our," or "we") respect and are committed to protecting your privacy. Pursuant to the California Consumer Privacy Act of 2018 ("CCPA") and the California Privacy Rights Act of 2020 ("CPRA"), we are providing this Privacy Notice ("CCPA Notice"). This CCPA Notice explains how we collect, use, and disclose personal information, when and to whom we disclose such information, and the rights you, as a California resident have regarding your Personal Information. This CCPA Notice supplements the information contained in Stewart's existing privacy notice and applies solely to all visitors, users, consumers, and others who reside in the State of California or are considered California Residents as defined in the CCPA ("consumers" or "you"). All terms defined in the CCPA & CPRA have the same meaning when used in this Notice. Personal and Sensitive Personal Information Stewart Collects Stewart has collected the following categories of personal and sensitive personal information from consumers within the last twelve (12) months: A. Identifiers. A real name, alias, postal address, unique personal identifier, online identifier, Internet Protocol address, email address, account name, Social Security number, driver's license number, passport number, or other similar identifiers. B. Personal information categories listed in the California Customer Records statute (Cal. Civ. Code § 1798.80(e)). A name, signature, Social Security number, address, telephone number, passport number, driver's license or state identification card number, insurance policy number, education, employment, employment history, bank account number, credit card number, debit card number, or any other financial information. C. Protected classification characteristics under California or federal law. Age, race, color, ancestry, national origin, citizenship, marital status, sex (including gender, gender identity, gender expression), veteran or military status. D. Commercial information. Records of personal property, products or services purchased, obtained, or considered, or other purchasing or consuming histories or tendencies. E. Internet or other similar network activity. Browsing history, search history, information on a consumer's interaction with a website, application, or advertisement. F. Geolocation data Stewart obtains the categories of personal and sensitive information listed above from the following categories of sources: • Directly and indirectly from customers, their designees, or their agents (For example, realtors, lenders, attorneys, brokers, etc.) • Directly and indirectly from activity on Stewart's website or other applications. • From third parties that interact with Stewart in connection with the services we provide. Use of Personal and Sensitive Personal Information Stewart may use or disclose the personal or sensitive information we collect for one or more of the following purposes: a. To fulfill or meet the reason for which the information is provided. b. To provide, support, personalize, and develop our website, products, and services. c. To create, maintain, customize, and secure your account with Stewart. d. To process your requests, purchases, transactions, and payments and prevent transactional fraud. e. To prevent and/or process claims. f. To assist third party vendors/service providers who complete transactions or perform services on Stewart's behalf pursuant to valid service provider agreements. g. As necessary or appropriate to protect the rights, property or safety of Stewart, our customers, or others. h. To provide you with support and to respond to your inquiries, including to investigate and address your concerns and monitor and improve our responses. i. To personalize your website experience and to deliver content and product and service offerings relevant to your interests, including targeted offers and ads through our website, third -party sites, and via email or text message (with your consent, where required by law). j. To help maintain the safety, security, and integrity of our website, products and services, databases and other technology-based assets, and business. k. To respond to law enforcement or regulator requests as required by applicable law, court order, or governmental regulations. I. Auditing for compliance with federal and state laws, rules, and regulations. m. Performing services including maintaining or servicing accounts, providing customer service, processing, or fulfilling orders and transactions, verifying customer information, processing payments, providing advertising or marketing services or other similar services. n. To evaluate or conduct a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all our assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which personal information held by us is among the assets transferred. File No.: 1925187 Updated 08/24/2023 Stewart will not collect additional categories of personal or sensitive information or use the personal or sensitive information we collected for materially different, unrelated, or incompatible purposes without providing you notice. Disclosure of Personal Information to Affiliated Companies and Nonaffiliated Third Parties Stewart does not sell your personal information to nonaffiliated third parties. Stewart may share your information with those you have designated as your agent throughout the course of your transaction (for example, a realtor, broker, or a lender). We share your personal information with the following categories of third parties: a. Service providers and vendors we contract with to render specific services (For example, search companies, mobile notaries, and companies providing credit/debit card processing, billing, shipping, repair, customer service, auditing, marketing, etc.) b. Affiliated Companies. c. Parties involved in litigation and attorneys, as required by law. d. Financial rating organizations, rating bureaus and trade associations. e. Federal and State Regulators, law enforcement and other government entities In the preceding twelve (12) months, Stewart has disclosed the following categories of personal information: Category A: Identifiers Category B: California Customer Records personal information categories Category C: Protected classification characteristics under California or federal law Category D: Commercial Information Category E: Internet or other similar network activity Category F: Non-public education information A. Your Consumer Rights and Choices Under CCPA and CPRA The CCPA and CPRA provide consumers (California residents as defined in the CCPA) with specific rights regarding their personal information. This section describes your rights and explains how to exercise those rights. i. Access to Specific Information and Data Portability Rights You have the right to request that Stewart disclose certain information to you about our collection and use of your personal information over the past 12 months. Once we receive and confirm your verifiable consumer request, Stewart will disclose to you: • The categories of personal information Stewart collected about you. • The categories of sources for the personal information Stewart collected about you. • Stewart's business or commercial purpose for collecting that personal information. • The categories of third parties with whom Stewart shares that personal information. • The specific pieces of personal information Stewart collected about you (also called a data portability request). • If Stewart disclosed your personal data for a business purpose, a listing identifying the personal information categories that each category of recipient obtained. ii. Deletion Request Rights You have the right to request that Stewart delete any personal information we collected from you and retained, subject to certain exceptions. Once we receive and confirm your verifiable consumer request, Stewart will delete (and direct our service providers to delete) your personal information from our records, unless an exception applies. Stewart may deny your deletion request if retaining the information is necessary for us or our service providers to: 1. Complete the transaction for which we collected the personal information, provide a good or service that you requested, take actions reasonably anticipated within the context of our ongoing business relationship with you, or otherwise perform our contract with you. 2. Detect security incidents, protect against malicious, deceptive, fraudulent, or illegal activity, or prosecute those responsible for such activities. 3. Debug products to identify and repair errors that impair existing intended functionality. 4. Exercise free speech, ensure the right of another consumer to exercise their free speech rights, or exercise another right provided for by law. 5. Comply with the California Electronic Communications Privacy Act (Cal. Penal Code § 1546 seq.). 6. Engage in public or peer-reviewed scientific, historical, or statistical research in the public interest that adheres to all other applicable ethics and privacy laws, when the information's deletion may likely render impossible or seriously impair the research's achievement, if you previously provided informed consent. 7. Enable solely internal uses that are reasonably aligned with consumer expectations based on your relationship with us. 8. Comply with a legal obligation. 9. Make other internal and lawful uses of that information that are compatible with the context in which you provided it. iii. Opt -Out of Information Sharing and Selling Stewart does not share or sell information to third parties, as the terms are defined under the CCPA and CPRA. Stewart only shares your personal information as commercially necessary and in accordance with this CCPA Notice. iv. Correction of Inaccurate Information You have the right to request that Stewart correct any inaccurate information maintained about. File No.: 1925187 Updated 08/24/2023 v. Limit the Use of Sensitive Personal Information You have the right to limit how your sensitive personal information, as defined in the CCPA and CPRA is disclosed or shared with third parties. Exercising Your Rights Under CCPA and CPRA If you have questions or comments about this notice, the ways in which Stewart collects and uses your information described herein, your choices and rights regarding such use, or wish to exercise your rights under California law, please submit a verifiable consumer request to us by the available means provided below: 1. Emailing us at OptOutstewart.com; or 2. Visiting https://www.stewart.com/en/quick-links/ccpa-request.html Only you, or someone legally authorized to act on your behalf, may make a verifiable consumer request related to your personal information. You may also make a verifiable consumer request on behalf of your minor child, if applicable. To designate an authorized agent, please contact Stewart through one of the methods mentioned above. You may only make a verifiable consumer request for access or data portability twice within a 12 -month period. The verifiable consumer request must: • Provide sufficient information that allows us to reasonably verify you are the person about whom we collected personal information or an authorized representative. • Describe your request with sufficient detail that allows us to properly understand, evaluate, and respond to it. Stewart cannot respond to your request or provide you with personal information if we cannot verify your identity or authority to make the request and confirm the personal information relates to you. Making a verifiable consumer request does not require you to create an account with Stewart. Response Timing and Format We endeavor to respond to a verifiable consumer request within forty-five (45) days of its receipt. If we require more time (up to an additional 45 days), we will inform you of the reason and extension period in writing. A written response will be delivered by mail or electronically, at your option. Any disclosures we provide will only cover the 12 -month period preceding the verifiable consumer request's receipt. The response we provide will also explain the reasons we cannot comply with a request, if applicable. Stewart does not charge a fee to process or respond to your verifiable consumer request unless it is excessive, repetitive, or manifestly unfounded. If we determine that the request warrants a fee, we will tell you why we made that decision and provide you with a cost estimate before completing your request. Non -Discrimination Stewart will not discriminate against you for exercising any of your CCPA rights. Unless permitted by the CCPA, we will not: • Deny you goods or services. • Charge you a different prices or rates for goods or services, including through granting discounts or other benefits, or imposing penalties. • Provide you a different level or quality of goods or services. • Suggest that you may receive a different price or rate for goods or services or a different level or quality of goods or services. Record Retention Your personal information will not be kept for longer than is necessary for the business purpose for which it is collected and processed. We will retain your personal information and records based on established record retention policies pursuant to California law and in compliance with all federal and state retention obligations. Additionally, we will retain your personal information to comply with applicable laws, regulations, and legal processes (such as responding to subpoenas or court orders), and to respond to legal claims, resolve disputes, and comply with legal or regulatory recordkeeping requirements. Changes to This CCPA Notice Stewart reserves the right to amend this CCPA Notice at our discretion and at any time. When we make changes to this CCPA Notice, we will post the updated Notice on Stewart's website and update the Notice's effective date. Link to Privacy Notice https://www.stewart.com/en/privacv.html Contact Information Stewart Information Services Corporation Attn: Mary Thomas, Chief Compliance and Regulatory Officer 1360 Post Oak Blvd., Ste. 100, MC #14-1 Houston, TX 77056 File No.: 1925187 Updated 08/24/2023 iiPstewart Date: Escrow Officer: Order No.: Your File No.: Property Address: TITLE Stewart Title of California, Inc. 73-020 El Paseo, Ste 103 Palm Desert, CA 92260 (760) 771-4645 main fax tblackford@stewart.com October 30, 2023 Tamara Blackford 1925187 1925187 Parcel 1 of Marcel Map 38668, Vacant Land Portion of APN 600-030-038, La Quinta, CA 92253 BUYER ACKNOWLEDGEMENT OF RECEIPT, UNDERSTANDING AND APPROVAL OF PRELIMINARY REPORT The undersigned Buyer(s) hereby acknowledge receipt of a copy of the Preliminary Report issued by Stewart Title of California, Inc. under Order No. 1925187, dated October 19, 2023 7:30AM and hereby approves the legal description of subject property shown on Schedule A of the report. Buyer(s) Approval of Preliminary Report: Buyer(s) herein hereby approves Items B -C, 1-17, 21, 23-24 and 27 of Schedule B of the report to be included in the Policy of Title Insurance as exceptions when written. Further, Buyer(s) hereby acknowledge receipt and approval of the Covenants, Conditions and Restrictions, and any and all Schedule B exceptions detailed above, for example, easements, right-of- ways, and restrictions, if any. The undersigned have received a copy of this acknowledgement as evidenced by the signature below. Buyer(s): La Quinta Housing Authority, a public body, a corporate and politic By: Jon Mc ti en, Executive Director Order No : 1925187 Page 1 of 1 Preliminary Approval Buyer CA Iltstewart Consent to Use of Electronic Documents and Electronic Signature in Real Estate Transactions Agreement Stewart Title Guaranty Company ("Company") wants to ensure you have all of the information you need to effectively manage your real estate transaction. Our goal is to provide you with as many options as possible for efficiently receiving your title and closing/settlement documents. This Consent to Use of Electronic Documents and Electronic Signature in Real Estate Transactions Agreement ("Consent Agreement") is to be used in conjunction with your digital and/or electronic signature on documents, deeds, notes, security instruments agreements, addendums and other real estate transaction -related materials in connection with your (purchase/refinance) real estate transaction closing/settlement ("Transaction") with Company. 1. Understanding Electronic "Lingo": "Access Device" means any electronic device you use to documents. This includes but is not limited to: a traditional computer computer; or a mobile device such as a tablet computer or smartphone. "Electronic" means technology having electrical, digital, electromagnetic, or similar capabilities. "Electronic Communications" include any electronic version of a communication, information, disclosure, notices about Company's privacy policies and other notices, reports, agreements, legal disclosures, contract or other Transaction documents and records for your real estate Transaction and other information Company may provide to you, or that you sign or agree to through Company's Electronic Services or as an attachment to or in an e-mail. "E -Signature" or "Electronic Signature" means an electronic symbol or process attached to, or logically associated with, a record and used by you with the intent to sign the record. Just like you can legally "sign" a printed Transaction document by making your mark, so you can "sign" an electronic Transaction document by making your mark through high-tech encrypted, digital signature or just typing your name in the signature line - these are all electronic signatures. 2. Consent to Electronic Delivery and Use of Electronic Signature. All communications in either electronic or paper format from Company to you will be considered "in writing." If you prefer, you may receive information and sign Transaction documents by paper means. The Company requires your consent and agreement to use Electronic Communications and Electronic Signatures in connection with Transaction. You can consent to receive these materials electronically using e-mails and Electronic Communications by signing below. Company reserves the right to furnish to you, and the right to require you to furnish to it, writings or paper copies of information, communications, and/or Transaction documents relating to your closing, in lieu of and/or in addition to electronic records thereof, at any time in Company's sole discretion. Please know that you are not obligated to sign electronically; electronic signatures are for your convenience. See Item(s) # 3 and # 4 below. 3. Your Right To Receive Paper Copies of the Transaction Documents. You have the right to have any Transaction document and communication provided in paper form by contacting Company. 4. Your Right to Withdraw Your Consent. You have the right to withdraw your consent by notifying Company. However, any documents you signed electronically before you withdrew your consent will be considered legally valid and enforceable. 5. Method of Providing Electronic Communications. All Electronic Communications will be provided to you: (1) via encrypted e-mail; (2) by access to a web site that Company will designate in an e-mail notice sent to you when the information is available; (3) to the extent permissible by law, by access to a web site; or (4) by requesting you download a PDF file. To receive Electronic Communications in connection with your closing/settlement, you will need the following: (1) printer (for printed copies); (2) an Internet enabled Access Device and internet browser, such as Google Chrome, access and view electronic such as a desktop or laptop magnetic, wireless, optical, © 2023 Stewart. All rights reserved. 1 (800) STEWART 1 stewart.com 1 SISCO-1514-154-23 1 Last revised date: February 6, 2023. Microsoft Explorer version 7.0 or higher, or Adobe Acrobat Reader® version 6.0 or higher; and (3) a valid email address. 6. Communications in Writing. You should print or download for your records a copy of this Disclosure and any other communication that is important to you. Please notify Company promptly of your preferred email or other electronic address. 7. Contacting the Company; Fees. The available methods for contacting Company are: (1) Email Company at tblackford@stewart.com; (2) Telephone Company at (760) 771-4645; (3) Write to your Local Company Office at 73-020 El Paseo, Ste 103, Palm Desert, CA 92260. Include in your communication your name, address, transaction number and email address. You may have to pay a fee for the use of Company's electronic technology unless charging a fee is prohibited by applicable law. Similarly, you may have to pay a fee for paper copies unless charging a fee is prohibited by applicable law. Please refer to your fee schedule for Company's current fees. These fees may change from time to time, in Company's sole discretion; you will be notified of any such change. 8. Termination / Changes. Company reserves the right, in its sole discretion, to discontinue the provision of your Electronic Communications, or to terminate or change the terms and conditions on which Company provides Electronic Communications. Company will provide you with notice of any such termination or change as required by law. 9. State and Federal Law. You acknowledge that your Transaction is subject to the federal Electronic Signatures in Global and National Commerce Act and the applicable state electronic transaction act ("E -Sign Acts") and that you and Company both intend the applicable E -Sign Acts apply to the fullest extent possible to validate Company's ability to conduct business with you by electronic means. By signing below, you agree that your electronic signature is legally binding and the legal equivalent of, and enforceable as and to the full extent of, a hand-written signature and has the same validity and meaning as a hand-written signature whether presented in court (state or federal), arbitration, or otherwise. You also acknowledge that you will review the electronic documents delivered to you and additionally acknowledge and agree to be legally bound by this Consent and any and all materials you sign electronically as if signed by you in person, in handwriting. You will not raise any defense or invoke regulatory or statutory claims attempting to invalidate the enforceability of Transaction documents to which your electronic signature is affixed. You further agree that no certification authority or other third -party verification is necessary to validate your electronic signature and the lack of such certification or third -party verification will not in any way affect the enforceability of your electronic signature. Finally, you hereby agree to the terms and conditions stated herein. CERTIFICATION OF UNDERSTANDING: You also understand, acknowledge, agree and certify that: You accept responsibilities and any risks associated with Your use of the Access Device for the delivery, viewing and electronically signing the Transaction documents. La Quinta Housing Authority, a public body, a corporate and politic By: Jo • Millen, Executive Director jmcmillen@laquintaca.gov E-mail Address October 30, 2023 Date © 2023 Stewart. All rights reserved. 1 (800) STEWART I stewart.com 1 SISCO-1514-154-23 I Last revised date: February 6, 2023. 2 BOE -502-A (P1) REV 15 (02-21) PRELIMINARY CHANGE OF OWNERSHIP REPORT To be completed by transferee (buyer) prior to transfer of subject property, in accordance with section 480 3 of the Revenue and Taxation Code A Preliminary Change of Ownership Report must be filed with each conveyance in the County Recorder's office for the county where the property is located. NAME AND MAILING ADDRESS OF BUYER/TRANSFEREE (Make necessary corrections to the printed name and mailing address) La Quinta Housing Authority, a public body, a corporate and politic 78495 Calle Tampico La Quinta, CA 92253 ASSESSOR'S PARCEL NUMBER Portion of 600-030-038 SELLER/TRANSFEROR BP Dune Palms, LP, a California limited partnership BUYER'S DAYTIME TELEPHONE NUMBER (760) 777 - 7000 BUYER'S EMAIL ADDRESS jmcrnillen@laquintaca.gov STREET ADDRESS OR PHYSICAL LOCATION OF REAL PROPERTY Parcel 1 of Marcel Map 38668, Vacant Land Portion of APN 600-030-038, La Quinta, CA 92253 This property is intended as my principal residence. If YES, please indicate the date of occupancy OYES *0 or intended occupancy DYES NO Are you a disabled veteran or a unmarried surviving spouse ofa disabled veteran who was compensated at 100% by the Department of Veterans Affairs? MO DAY YEAR MAIL PROPERTY TAX INFORMATION TO (NAME) La Quinta Housing Authority, a public body, a corporate and politic MAIL PROPERTY TAX INFORMATION TO (ADDRESS) CITY 78495 Calle Tampico La Quinta STATE CA ZIP CODE 92253 PART 1: TRANSFER INFORMATION Please complete all statements. This section contains possible exclusions from reassessment for certain types of transfers. YES NO ❑ Yls A. This transfer is solely between spouses (addittcn or removal of a spouse, death of a spouse, divorce settlement, etc.). ❑ Ny4 B. This transfer is solely between domestic partners currently registered with the California Secretary of State (addition or removal of a partner, death of a partner, termination settlement, etc.) ❑ *C. This is a transfer: ❑ between parent(s) and child(ren) ❑ between grandparent(s) and grandchild(ren). ❑ *• D. This transfer is the result of a cotenant's death. Date of death ❑ " *E. This transaction is to replace a principal residence by a person 55 years of age or older. Within the same county? ❑ YES ❑ NO ❑ IL *F. This transaction is to replace a principal residence by a person who is severely disabled. Within the same county? ❑ YES ❑ NO ❑ )q *G. This transaction is to replace a principal residence substantially damaged or destroyed by a wildfire or natural disaster for which the Governor proclaimed a state of emergency. Within the same county? ❑ YES ❑ NO ❑ I • H. This transaction is only a correction of the name(s) of the person(s) holding title to the property (e g. a name change upon marriage.). If YES, please explain: ❑ ' I. The recorded document creates, terminates, or reconveys a lender's interest in the property. ❑ '21 J. This transaction is recorded only as a requirement for financing purposes or to create, terminate, or reconvey a security interest (e.g. cosigner). If YES, please explain: ❑ )J K. The recorded document substitutes a trustee of a trust, mortgage, or other similar document. L. This is a transfer of property: ❑ \& 1 to/from a revocable trust that may be revoked by the transferor and is for the benefit of ❑ the transferor, and/or ❑ the transferor's spouse ❑ registered domestic partner ❑ . 2 to/from an irrevocable trust for the benefit of ❑ creator/grantor/trustor and/or ❑ grantor's/trustor's spouse ❑ grantor's/trustor's registered domestic partner. ❑ ▪ M. This property is subject to a lease with a remaining lease term of 35 years or more including written options. ❑ j N. This is a transfer between parties in which proportional interests of the transferor(s) and transferee(s) in each and every parcel being transferred remain exactly the same after the transfer. ❑ ❑ O. This is a transfer subject to subsidized low-income housing requirements with governmentally imposed restrictions, or restrictions imposed by specified nonprofit corporations. ❑ " *P. This transfer is to the first purchaser of a new building containing an active solar energy system. ❑ X Q. Other This transfer is to IA / k * Please refer to the instructions for Part 1 Please provide any other information that will help the Assessor understand the nature of the transfer. THIS DOCUMENT IS NOT SUBJECT TO PUBLIC INSPECTION BOE -502-A (P2) REV 15 (02-21) PART 2: OTHER TRANSFER INFORMATION Check and complete as applicable. A. Date of transfer, if other than recording date: a I — ( 4 'q -12..1C1/9 -1L V\ r, B. Type of transfer Purchase ❑ Foreclosure ❑ Gift ❑ Trade or exchange ❑ Merger, stock, or partnership acquisition (Form BOE -100-B) ❑ Contract of sale - Date of contract: ❑ Inheritance. Date of death: ❑ Sale/leaseback ❑ Creation of lease E Assignment of a lease ❑ Termination of a lease. Date lease began: Original term in years (including written options): Remaining terms in years (including written options: ❑ Other. Please Explain: Only a partial interest in the property was transferred: ❑ Yes NKrNo If YES, indicate the percentage transferred C. PART 3: PURCHASE PRICE AND TERMS OF SALE Check and complete as ap licable. A. Total purchase price $ 31(DP.b ti°i.s B. Cash down payment or value of trade or exchange excluding closing costs Amount $ C. First deed of trust @ _% interest for years. Monthly payment $ Amount $ ❑ FHA ( Discount Points) ❑ Cal -Vet ❑ VA ( Discount Points) ❑ Fixed rate ❑ Variable rate ❑ Bank/Savings & Loan/Credit Union ❑ Loan carried by seller ❑ Balloon payment $ Due date: D Second deed of trust @ % interest for years Monthly payment $ Amount $ ❑ Fixed rate ❑ Variable rate ❑ Bank/Savings & Loan/Credit Union E Loan carried by seller ❑ Balloon payment $ Due date: E. Was an Improvement Bond or other public financing assumed by the buyer? ❑ Yes 'X No Outstanding balance $ F. Amount, if any, of real estate commission fees paid by the buyer which are not included in the purchase price G. The property was purchased: ❑ Through real estate broker. Broker name: Phone Number (_) Direct from seller ❑ From a family member -Relationship ❑ Other. Please explain: H. Please explain any special terms, seller concessions, broker/agent fees waived, financing, and any other information (e.g., buyer assumed the existing loan balance) that would assist the Assessor in the valuation of your property. l' n PART 4: PROPERTY INFORMATION A. Type of property transferred ❑ Single-family residence ❑ Multiple -family residence Number of units: ❑ Other Description (i.e. timber, mineral, water rights, etc.) Check and complete as applicable. ❑ Co-op/Own-your-own ❑ Condominium ❑ Timeshare ❑ Manufactured home IKUnimproved lot ❑ Commercial/Industrial B. ❑ YES NO Personal/business property, or incentives, provided by seller to buyer are included in the purchase price. Examples of personal property are fumiture, farm equipment, machinery, etc. Examples of incentives are club memberships, etc. Attach list if available. If YES, enter the value of the personal/business property: S Incentives $ C. ❑ YES" NO A manufactured home is included in the purchase price. If YES. enter the value attributed to the manufactured home: $ ❑ YES,r NO The manufactured home is subject to local property tax. If NO, enter decal number: D. ❑ YES IY NO The property produces rental or other income. If YES, the income is from: ❑ Lease/rent ❑ Contract ❑ Mineral rights ❑ Other: E. The condition of the property at the time of sale was: ❑ Good ❑ Average ❑ Fair ❑ Poor Please describe: CERTIFICATION I certify (or declare) that the foregoing and all information hereon, including any accompanying statements or documents, is true and correct to the best of my knowledge and belief. SIGNATUFiF'1 NAME OF H VER/TRANSFEREE OR CORPORATE OFFICER 1- DATE 10/30/2023 TELEPHONE ( 760) 777 - 7030 L}Yt'rRANSFEREE/LEGAL REPRESENTATIVE/CORPORATE OFFICER (PLEASE PRINT) cMillen, Executive Director, La Quinta Housing Authority TIII xecutive Director EMAIL ADDRESS jrncmillen@laquintaca.gov The Assessor's office may contact you for additional information regarding this transaction. IItStewart TITLE Stewart Title of California, Inc. 73-020 El Paseo, Ste 103 Palm Desert, CA 92260 (760) 771-4645 main fax tblackford@stewart.com Date: 10/30/2023 Escrow Officer: Tamara Blackford Order No.: 1925187 Property Address: Parcel 1 of Marcel Map 38668, Vacant Land Portion of APN 600-030-038, La Quinta, CA 92253 NOTICE AND INSTRUCTION FOR DEPOSIT OF FUNDS IN DEMAND ACCOUNT STEWART TITLE OF CALIFORNIA, INC. IS LICENSED BY THE STATE OF CALIFORNIA UNDER THE DEPARTMENT OF LICENSE NO. 388 Notice to Depositor. Thank You For Choosing Stewart Title of California, Inc.. As you have deposited and/or will be depositing funds with Stewart Title of California, Inc., we deem it important that you are aware of an opportunity to earn interest. Should you not elect to earn interest on your deposit, Stewart Title of California, Inc. will deposit your funds into its General Escrow Account at a financial institution insured by the FDIC. This is a non-interest bearing account; however, Stewart Title of California, Inc. may receive certain financial benefits from that financial institution because of the deposit balance in the General Escrow Account. These benefits may include, without limitation, credits or other benefits provided by such financial institution, including loans to Stewart Title of California, Inc. and earnings on investments made with the proceeds of such loans, as well as accounting, reporting and other services and products of such financial institution. These financial benefits enable Stewart Title of California, Inc. to offer lower escrow fees than would otherwise be available. Unless you direct Stewart Title of California, Inc. to open an interest-bearing account (as described below), Stewart Title of California, Inc. shall have no obligation to account to you in any manner for the value of, or to compensate any party for any benefit received by Stewart Title of California, Inc., for any escrow deposit. Any such benefits shall be deemed additional compensation to Stewart Title of California, Inc. for its services in connection with the escrow. If you elect, funds deposited prior to the close of escrow may be placed in an individual interest-bearing account. Should you elect to have your funds placed in an interest bearing account, Stewart Title of California, Inc. personnel will expend time and effort to open said account, process signature cards, review and execute the account agreement, deal with account correspondence, process the proper closing of the account, maintain records and bank statements, and process various other related duties. Stewart Title of California, Inc. will charge an additional escrow fee in the amount of $50.00 for establishing and maintaining such an interest bearing account. It is important that you carefully consider this cost, as the cost may exceed the actual interest earned on the deposit. Please note the following examples of a $1,000.00 and a $5,000.00 deposit into a 3% interest bearing account for a period of 30 days: $1,000.00 x 3% @ 360 days x 30 days = $2.50 $5,000.00 x 3% @ 360 days x 30 days = $12.50 If you do not want your funds placed in an interest bearing account, you need do nothing further. Your funds will remain in or be placed in our General Escrow Account. If you do want your funds to earn interest, please notify your escrow or title officer to begin this process. Order No.: 1925187 Page 1 of 1 Notice Instruction Deposit Funds Demand Account CA 111'Stewart TITLE Stewart Title of California, Inc. 73-020 El Paseo, Ste 103 Palm Desert, CA 92260 (760) 771-4645 main fax tblackford@stewart.com HELPFUL INFORMATION IDENTIFICATION FOR NOTARY: Bring identification to the signoff: i.e., CA Driver's License, Passport or Photo ID acceptable to Notary Public — please confirm prior to appointment. POWER OF ATTORNEY: Must be Specific Power of Attorney on a Stewart Title of California, Inc. approved form. Be sure your lender allows the use of Power of Attorney. Note: Notary in foreign countries restricted to American Consulate or military. FIRE INSURANCE: Buyer to furnish escrow agent with name and phone number of the agent as soon as possible. BUYER/BORROWER/SELLER FUNDS: Must be a California CASHIER'S CHECK, avoid "Official" checks as they are not certified funds. Wire transfer preferred for Out of State funds. Deposit of all "GOOD FUNDS" is required 24 hours prior to the date of recording. SIGNINGS: Allow 1 to 1-1/2 hours during business hours to sign your documents. To help minimize your waiting time, all signings need to be scheduled. CONCURRENT CLOSINGS: If you are buying or selling another property through a different title company, please provide the escrow officer information concerning same. LOAN PACKAGES AND FUNDING: Escrow needs time to complete the signing package once the loan documents are received in their office. Arrange for sign -off one day after documents arrive in the escrow office. Most lenders require a 48-hour time frame to review the documents once they receive the executed documents from escrow. If funding office is out of the area, time must be allowed for delivery of documents to the lender. Funding should occur 24 hours prior to the date of recording. Most lenders wire funds and require 24 hours to set up the wire transfer with their bank. PAYMENTS THROUGH ESCROW: Please provide our Escrow Officer all of the account information for any mortgage loans currently encumbering your property. Your new lender may also require payment of unsecured credit card/accounts. To avoid any delays, please provide us with your most current statements and payment coupons reflecting their account number and mailing information prior to Close of Escrow. Order No.: 1925187 Page 1 of 1 Helpful Information Sheet CA DECLARATION BY "QUALIFIED SUBSTITUTE" Order No.: 1925187 Property Address: Parcel 1 of Marcel Map 38668, Vacant Land Portion of APN 600-030-038, La Quinta, CA 92253 Stewart Title of California, Inc., as the named "Qualified Substitute" hereby states, under penalty of perjury, that the Qualified Substitute has in its possession an original 'FIRPTA Certificate" executed by and delivered by the seller/Transferor. Tamara Blackford, Escrow Officer Buyer's Acknowledgement I acknowledge receipt of this Qualified Substitute Declaration of Possession of Transferor's Affidavit of Non -Foreign Status. Dated: October 30, 2023 Buyer(s): La • I a Housing Authority, a public body, a corporate an By: tic Jon McMillen, Ex utive Director Order No.: 1925187 Buyer Approval Declaration CA