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2025-04-09 Notice of Prelim Title ReportCase 24-11647-MFW Doc 425 Filed 04/09/25 Page 1 of 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re: Chapter 11 SilverRock Development Company, et al., Case No. 24-11647 (MFW) Debtors. I (Jointly Administered) RE: D.I.246, 330 NOTICE OF FILING OF PRELIMINARY TITLE REPORT PLEASE TAKE NOTICE that, on December 12, 2024, the above -captioned debtors and debtors in possession (collectively, the "Debtors") filed the Motion of Debtors Pursuant to Sections 105, 361, 362, 363, 364, and 507of the Bankruptcy Code, Bankruptcy Rule 4001, and Local Rule 4001-2, for an Order (1) Authorizing Debtors to Obtain Postpetition Financing; (11) Granting DIP Lender Priming Liens and Super -Priority Claims; and (III) Granting Related Relief [D.I. 246] (the "Motion") with the United States Bankruptcy Court for the District of Delaware (the "Court"). PLEASE TAKE FURTHE NOTICE that, on January 23, 2025, the Court entered the Final Order (1) Authorizing the Debtors to Obtain Postpetition Secured Financing, (II) Granting Priming Liens and Superpriority Administrative Expense Status, and (I11) Granting Related Relief [D.I. 330] (the "Final Order"). PLEASE TAKE. FURTHER NOTICE that, following discussions with the City of La Quinta, California, the Debtors' secured lenders and the Office of the United States Trustee, the Debtors will be submitting a proposed amended fmal order (the "Amended Order"). 'The Debtors in these chapter 11 cases, along with the last four digits of each Debtor's federal tax identification number, as applicable, are: SilverRock Development Company, LLC (5730), RGC PA 789, LLC (5996), SilverRock Lifestyle Residences, LLC (0721), SilverRock Lodging, LLC, (4493), SilverRock Luxury Residences, LLC (6598) and SilverRock Phase 1, LLC (2247). The location of the Debtors' principal place of business and the Debtors' mailing address is 343 Fourth Avenue, San Diego, CA 92101. Case 24-11647-MFW Doc 425 Filed 04/09/25 Page 2 of 2 PLEASE TAKE FURTHER NOTICE, that, in conjunction with the Amended Order, the Debtors are filing herewith a Preliminary Report dated as of February 19, 2025 from Stewart Title of California, Inc., a true and correct copy of which is attached hereto as Exhibit A. Dated: April 9, 2025 ARMSTRONG TEASDALE LLP Wilmington, Delaware /s/Jonathan M. Stemerman Jonathan M. Stemerman (No. 4510) Eric M. Sutty (No. 4007) Denisse Guevara (No. 7206) 1007 North Market Street, Third Floor Wilmington, Delaware 19801 Telephone: (302) 416-9670 jstemerman@atllp.com esutty@atllp.com dguevara@atllp.com - and- Victor A. Vilaplana (Pro Hac Vice) 823 La Jolla Rancho Road La Jolla, CA 92037 Telephone: (619) 840-4130 vavilaplana@gmail.com - and- Benjamin NI. Carson (Pro Hac Vice) 5965 Village Way STE E105 San Diego, CA 92130 Telephone: (858) 255-4529 ben@benjamincarson.com Counsel to the Debtors and Debtors in Possession Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 1 of 91 Exhibit A Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 2 of 91 Et stewart TITLE Order No.: Your File No.: Buyer/Borrower Name: Seller Name: 2306435 Teo Cadenas Title Officer PRELIMINARY REPORT Silverock Development Company Stewart Title of California, Inc. 11870 Pierce Street, Ste 100 Riverside, CA 92505 Phone: (951) 276-2700 Fax: (951) 344-8298 teo.cadenas@stewart.com cadenasteam@stewart.com Property Address: Vacant Land, La Quinta, CA In response to the above referenced application for a policy of title insurance, Stewart Title of California, Inc. hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a Stewart Title Guaranty Company policy or policies of title insurance describing the land and the estate or interest therein hereinafter set forth, insuring against loss which may be sustained by reason of a defect, lien or encumbrance not shown or referred to as an exception below or not excluded from coverage pursuant to the printed Schedules, Exclusions from Coverage, and Conditions of said policy forms. With respect to any contemplated owner's policy, the printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy or policies are set forth in Exhibit A, attached. The policy to be issued may contain an arbitration clause. When the Amount of Insurance is less than that set forth in the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitations on Covered Risks applicable to the CLTA/ALTA Homeowner's Policy of Title Insurance, which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages, are also set forth in Exhibit A. Copies of the policy forms should be read. They are available from the office which issued this report. Please read the exceptions shown or referred to below and the exceptions and exclusions set forth in Exhibit A of this report carefully. The exceptions and exclusions are meant to provide you with notice of matters which are not covered under the terms of the title insurance policy and should be carefully considered. It is important to note that this preliminary report is not a written representation as to the condition of title and may not list all liens, defects, and encumbrances affecting title to the land. This report (and any supplements or amendments hereto) is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title insurance, a binder or commitment should be requested. :Dated as of February 19, 2025 at 7:30AM :Revision No. 1 ;Update No. 5 When replying, please contact: Teo Cadenas, Title Officer Stewart Title of California, Inc. 11870 Pierce Street, Ste 100 Riverside, CA 92505 (951) 276-2700 teo.cadenas@stewart.com Order No.: 2306435 Preliminary Report Page 1 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 3 of 91 IF ANY DECLARATION, GOVERNING DOCUMENT (FOR EXAMPLE, COVENANT, CONDITION OR RESTRICTION) OR DEED IDENTIFIED AND/OR LINKED IN THIS TITLE PRODUCT CONTAINS ANY RESTRICTION BASED ON AGE, RACE COLOR, RELIGION, SEX, GENDER, GENDER IDENTITY, GENDER EXPRESSION, SEXUAL ORIENTATION, FAMILIAL STATUS, MARITAL STATUS, DISABILITY, VETERAN OR MILITARY STATUS, GENETIC INFORMATION, NATIONAL ORIGIN, SOURCE OF INCOME AS DEFINED IN SUBDIVISION (p) OF SECTION 12955, OR ANCESTRY, THAT RESTRICTION VIOLATES STATE AND FEDERAL FAIR HOUSING LAWS AND IS VOID, AND MAY BE REMOVED PURSUANT TO SECTION 12956.2 OF THE GOVERNMENT CODE BY SUBMITTING A "RESTRICTIVE COVENANT MODIFICATION" FORM, TOGETHER WITH A COPY OF THE ATTACHED DOCUMENT WITH THE UNLAWFUL PROVISION REDACTED TO THE COUNTY RECORDER'S OFFICE. THE "RESTRICTIVE COVENANT MODIFICATION" FORM CAN BE OBTAINED FROM THE COUNTY RECORDER'S OFFICE AND MAY BE AVAILABLE ON ITS WEBSITE. THE FORM MAY ALSO BE AVAILABLE FROM THE PARTY THAT PROVIDED YOU WITH THIS DOCUMENT. LAWFUL RESTRICTIONS UNDER STATE AND FEDERAL LAW ON THE AGE OF OCCUPANTS IN SENIOR HOUSING OR HOUSING FOR OLDER PERSONS SHALL NOT BE CONSTRUED AS RESTRICTIONS BASED ON FAMILIAL STATUS. Order No.: 2306435 Preliminary Report Page 2 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 4 of 91 PRELIMINARY REPORT The form of Policy of Title Insurance contemplated by this report is: • CLTA Owner's Policy 2022 ❑ ALTA Owner's Policy 2021 0 Extended 0 Standard ❑ CLTA/ALTA Homeowners Policy 2021 ❑ CLTA Loan Policy 2022 O ALTA Loan Policy 2021 ❑ Extended 0 Standard O ALTA Short Form Residential Loan Policy 2021 0 Extended 0 Standard SCHEDULE A The estate or interest in the land hereinafter described or referred to covered by this report is: FEE Title to said estate or interest at the date hereof is vested in: SilverRock Land II, LLC, a Delaware limited liability company, as to an undivided 42.8% interest to Parcel 1. RGC PA 789, LLC, a Delaware limited liability company, as to Parcel 2 and 3; and as to an undivided 57.2% interest, as to Parcel 1, , subject to bankruptcy proceedings filed by SilverRock Development Company LLC, RGC PA 789, LLC, SilverRock Lifestyle Residences, LLC, SilverRock Lodging, LLC, SilverRock Luxury Residences, LLC, SilverRock Phase 1, LLC, Debtor, pending in the United States Bankruptcy Court for the District of Delaware, Case No. 24-11647 ( MFW) ; filed on August 5, 2024. SilverRock Development Company, LLC, a Delaware limited liability company, as to Parcels 4, 5, 6, 7, 8, 9A, 9B and 12 , subject to bankruptcy proceedings filed by SilverRock Development Company LLC, RGC PA 789, LLC, SilverRock Lifestyle Residences, LLC, SilverRock Lodging, LLC, SilverRock Luxury Residences, LLC, SilverRock Phase 1, LLC, Debtor, pending in the United States Bankruptcy Court for the District of Delaware, Case No. 24-11647 ( MFW) ; filed on August 5, 2024. Order No.: 2306435 Preliminary Report Page 3 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 5 of 91 LEGAL DESCRIPTION The land referred to herein is situated in the State of California, County of Riverside, City of La Quinta and described as follows: PARCEL 1: THAT PORTION OF PARCEL 10 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS: PARCEL "B" OF LOT LINE ADJUSTMENT NO. 2020-0007, AS DISCLOSED BY GRANT DEED RECORDED AUGUST 20, 2021 AS INSTRUMENT NO. 2021-0499856 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN. EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF THE PHASE 1A AND 1B PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND 1B PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A AND 1B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 18 PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A AND 1B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL RECORDS. APN 777-060-083 PARCEL 2: THAT PORTION OF PARCEL 11 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS: PARCEL "C" OF LOT LINE ADJUSTMENT NO. 2020-0007, AS DISCLOSED BY GRANT DEED RECORDED AUGUST 20, 2021 AS INSTRUMENT NO. 2021-0499856 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN. EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF THE PHASE 1A AND 1B PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND 1B PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A AND 1B Order No.: 2306435 Preliminary Report Page 4 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 6 of 91 PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1B PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A AND 1B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL RECORDS. APN 777-060-085 PARCEL 3: PARCEL 12 OF PARCEL MAP NO. 37207, AS SHOWN BY A MAP FILED IN BOOK 242. PAGES 72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF THE PHASE 1A AND 1B PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND 1B PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A AND 1B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1B PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A AND 1B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL RECORDS. APN 777-060-075 AND APN 777-060-078 Parcel 4: THAT PORTION OF PARCELS 4 AND 18 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS: LOT "C" OF LOT LINE ADJUSTMENT NO. 2020-0010, AS DISCLOSED BY GRANT DEED RECORDED JULY 15, 2021 AS INSTRUMENT NO. 20210426711 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN. EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF THE PHASE 1A AND 1B PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND 1B PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A AND 1B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1B Order No.: 2306435 Preliminary Report Page 5 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 7 of 91 PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A AND 1B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL RECORDS. APNS 777-490-058, 777-490-063, 777-490-064, 777-490-065 AND 777-490-066 ( OLD APN'S PORTION OF 777-490-041 and 777-490-051 ) Parcel 5: THAT PORTION OF PARCELS 3 AND 4 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS: LOT "B" OF LOT LINE ADJUSTMENT NO. 2020-0010, AS DISCLOSED BY GRANT DEED RECORDED JULY 16, 2021 AS INSTRUMENT NO. 20210428113 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN. EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF THE PHASE 1A AND 1B PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND 1B PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A AND 1B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1B PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A AND 1B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL RECORDS. APN 777-490-037, 777-490-057, 777-490-059 AND 777-490-068 ( OLD APN'S PORTION OF 777-490- 040 AND 777-490-041 ) Parcel 6: PARCEL 5 OF PARCEL MAP NO. 37207 AS SHOWN BY A MAP ON FILE IN BOOK 242 OF PARCEL MAPS, PAGES 72 THROUGH 87, INCLUSIVE, TOGETHER WITH PORTIONS OF PARCELS A AND B OF LOT LINE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021 AS DOCUMENT NO. 2021-0527060 OF OFFICIAL RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS: PARCEL "A" OF LOT LINE ADJUSTMENT NO. 2023-0003 OF THE CITY OF LA QUINTA, AS DISCLOSED BY GRANT DEED RECORDED MAY 4, 2023 AS INSTRUMENT NO. 2023-0128115 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN. EXCEPTING FROM PARCEL 5 ABOVE, ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF THE PHASE 1A AND 1B PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON Order No.: 2306435 Preliminary Report Page 6 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 8 of 91 SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND 1B PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A AND 1B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1B PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A AND 1B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL RECORDS. APN: 777-490-042, 777-490-076 AND PORTIONS OF 777-490-072 AND 777-490-073 ( OLD APN'S PORTION of 777-490-043 and 777-490-044) Parcel 7: PORTIONS OF PARCELS A THROUGH C, INCLUSIVE, OF LOT LINE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021 AS DOCUMENT NO. 2021- 0527060 OF OFFICIAL RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS: PARCEL "B" OF LOT LINE ADJUSTMENT NO. 2023-0003 OF THE CITY OF LA QUINTA, AS DISCLOSED BY GRANT DEED RECORDED MAY 4, 2023 AS INSTRUMENT NO. 2023-0128115 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN. EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF THE PHASE 1A AND 1B PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND 1B PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A AND 1B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1B PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A AND 1B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL RECORDS. APN: 777-490-074 AND PORTIONS OF 777-490-072, 777-490-073, 777-490-075, 777- 490-077, 777- 490-079 AND 777-490-080 ( OLD APN'S PORTION OF 777-490-043, 777-490-044 AND 777-490-045) Parcel 8: THAT PORTION OF PARCELS 9,10,11 AND 19 OF PARCEL MAP NO. 37207, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS SHOWN BY A MAP FILED IN BOOK 242, PAGES 72 THROUGH 87, INCLUSIVE OF PARCEL MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY, DESCRIBED AS FOLLOWS: PARCEL "A" OF LOT LINE ADJUSTMENT NO. 2020-0007, AS DISCLOSED BY GRANT DEED RECORDED AUGUST 20, 2021 AS INSTRUMENT NO. 2021-0500015 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN. EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY Order No.: 2306435 Preliminary Report Page 7 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 9 of 91 ALL PARTS OF THE PHASE 1A AND 1 B PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND 1 B PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A AND 1 B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1 B PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A AND 1 B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL RECORDS. APN: 777-490-046, 777-490-071, 777-060-082, AND 777-060-084 ( OLD APNS PORTION OF 777-490- 052,777-060-076 and 777-060-077) Parcel 9A: PORTIONS OF PARCELS B AND C OF LOT LINE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021 AS DOCUMENT NO. 2021-0527060 OF OFFICIAL RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS: PARCEL "C" OF LOT LINE ADJUSTMENT NO. 2023-0003 OF THE CITY OF LA QUINTA, AS DISCLOSED BY GRANT DEED RECORDED MAY 4, 2023 AS INSTRUMENT NO. 2023-0128115 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN. EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF THE PHASE 1A AND 1 B PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND 1B PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A AND 1 B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1 B PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A AND 1 B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL RECORDS. PORTION APN: 777-490-075, 777-490-077, 777-490-078, 777-490-079 AND 777-490- 080 ( OLD APNS PORTION of 777-490-044 AND 777-490-045 ) Parcel 9B PORTIONS OF PARCEL C OF LOT LINE ADJUSTMENT NO. 2020-0005, RECORDED SEPTEMBER 2, 2021 AS DOCUMENT NO. 2021-0527060 OF OFFICIAL RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS: PARCEL "D" OF LOT LINE ADJUSTMENT NO. 2023-0003 OF THE CITY OF LA QUINTA, AS DISCLOSED BY GRANT DEED RECORDED MAY 4, 2023 AS INSTRUMENT NO. 2023-0128115 OF OFFICIAL RECORDS OF RIVERSIDE COUNTY, STATE OF CALIFORNIA, AS DESCRIBED THEREIN. Order No.: 2306435 Preliminary Report Page 8 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 10 of 91 EXCEPTING THEREFROM ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF THE PHASE 1A AND 1B PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID PHASE 1A AND 1B PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A AND 1B PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A AND 1B PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A AND 1B PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED NOVEMBER 28, 2018, AS INSTRUMENT NO. 2018-0464674 AND RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950, BOTH OF OFFICIAL RECORDS. PORTION APN: 777-490-079 ( OLD APN PORTION OF 777-490-045) Parcel 10: INTENTIONALLY DELETED Parcel 11: INTENTIONALLY DELETED PARCEL 12: LOTS 1 THROUGH 29 AND LOTS A THROUGH L, OF TRACT NO. 37730, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, FILED IN BOOK 479, PAGES 27 THROUGH 33 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. EXCEPT ALL OIL, GAS, HYDROCARBON SUBSTANCES, AND MINERALS OF EVERY KIND AND CHARACTER LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE, TOGETHER WITH THE RIGHT TO DRILL INTO, THROUGH, AND TO USE AND OCCUPY ALL PARTS OF THE PHASE 1A PROPERTY LYING MORE THAN FIVE HUNDRED (500) FEET BELOW THE SURFACE THEREOF FOR ANY AND ALL PURPOSES INCIDENTAL TO THE EXPLORATION FOR AND PRODUCTION OF OIL, GAS, HYDROCARBON SUBSTANCES OR MINERALS FROM SAID PHASE 1A PROPERTY OR OTHER LANDS, BUT WITHOUT, HOWEVER, ANY RIGHT TO USE EITHER THE SURFACE FROM SAID PHASE 1A PROPERTY OR ANY PORTION THEREOF WITHIN FIVE HUNDRED (500) FEET OF THE SURFACE FOR ANY PURPOSE OR PURPOSES WHATSOEVER, OR TO USE THE PHASE 1A PROPERTY IN SUCH A MANNER AS TO CREATE A DISTURBANCE TO THE USE OR ENJOYMENT OF THE PHASE 1A PROPERTY, AS RESERVED BY THE CITY OF LA QUINTA, A CALIFORNIA MUNICIPAL CORPORATION AND CHARTER CITY, IN THE GRANT DEED RECORDED NOVEMBER 6, 2017, AS INSTRUMENT NO. 2017-0463950 OF OFFICIAL RECORDS. APN: 777-510-001 THRU 023; 777-510-025; 777-520-001 THRU 018 APN: Multiple APN's (End of Legal Description) MAP THE MAP(S) CONNECTED HEREWITH IS BEING PROVIDED AS A COURTESY AND FOR INFORMATIONAL PURPOSES ONLY; THIS MAP SHOULD NOT BE RELIED UPON. FURTHERMORE, Order No.: 2306435 Preliminary Report Page 9 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 11 of 91 THE PARCEL(S) SET OUT ON THE MAP(S) MAY NOT COMPLY WITH LOCAL SUBDIVISION OR BUILDING ORDINANCES. STEWART TITLE OF CALIFORNIA, INC. AND STEWART TITLE GUARANTY COMPANY ASSUME NO LIABILITY, RESPONSIBILITY OR INDEMNIFICATION RELATED TO THE MAP(S). Order No.: 2306435 Preliminary Report Page 10 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 12 of 91 SCHEDULE B At the date hereof, exceptions to coverage in addition to the printed exceptions and exclusions contained in said policy or policies would be as follows: Taxes: A. Property taxes, which are a lien not yet due and payable, including any assessments collected with taxes, to be levied for the fiscal year 2025 - 2026. B. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $12.73 Status 1st : Paid 2nd Installment: : $12.73 Status 2nd : Open Parcel No. : 777-060-075 Code Area/Tracer No. : 020-016 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 3. C. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $28,487.05 Status 1st : Paid 2nd Installment: : $28,487.05 Status 2nd : Open Parcel No. : 777-060-083 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 1 D. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $32,590.49 Status 1st : Paid 2nd Installment: : $32,590.49 Status 2nd : Open Parcel No. : 777-060-85 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 2 E. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $37,445.88 Status 1st : Paid 2nd Installment: : $37,445.88 Status 2nd : Open Parcel No. : 777-060-078 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Order No.: 2306435 Preliminary Report Page 11 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 13 of 91 Matters contained therein affect: Portion of Parcel 3 F. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $4,339.07 Status 1st : Paid 2nd Installment: : $4,339.07 Status 2nd : Open Parcel No. : 777-490-058 Code Area/Tracer No. : 020-143 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 4 G. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2022 - 2023 for Parcel No. 777-490-058. Amounts due show as follows: Amount: $13,464.79; due by: February 28, 2025 Amount: $13,624.36; due by: March 31, 2025 Amount: $13,783.93; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portion of Parcel 4 H. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $64,365.79 Status 1st : Paid 2nd Installment: : $64,365.79 Status 2nd : Open Parcel No. : 777-490-063 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 4 I. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $467.90 Status 1st: Delinquent Delinquent Date: May 31, 2024 Penalty: $46.79 2nd Installment: $467.90 Status 2nd: Delinquent Delinquent date: September 30, 2024 Penalty: $84.85 Parcel No.: 777-490-063 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 4 J. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2022 - 2023 for Parcel No. 777-490-063. Amounts due show as follows: Amount: $190,877.17; due by: February 28, 2025 Amount: $193,143.79; due by: March 31, 2025 Amount: $195,410.41; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed with tax collector. Order No.: 2306435 Preliminary Report Page 12 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 14 of 91 Matters contained therein affect: Portion of Parcel 4 K. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $0.63 Status 1st : Delinquent Delinquent Date : December 10, 2024 Penalty : $0.06 2nd Installment: : $0.63 Status 2nd : Open Parcel No. : 777-490-064 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 4. L. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $0.63 Status 1st : Delinquent Delinquent Date : December 10, 2024 Penalty : $0.06 2nd Installment: : $0.63 Status 2nd : Open Parcel No. : 777-490-065 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 4. M. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $0.63 Status 1st : Delinquent Delinquent Date : December 10, 2024 Penalty : $0.06 2nd Installment : $0.63 Status 2nd : Open Parcel No. : 777-490-066 Code Area/Tracer No . : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 4. N. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $43.78 Status 1st : Paid 2nd Installment: : $43.78 Status 2nd : Open Parcel No. : 777-490-037 Code Area/Tracer No. : 020-143 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 5 Order No.: 2306435 Preliminary Report Page 13 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 15 of 91 O. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2022 - 2023 for Parcel No. 777-490-037. Amounts due show as follows: Amount: $275.29; due by: February 28, 2025 Amount: $277.19; due by: March 31, 2025 Amount: $279.10; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portion of Parcel 5 P. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $27.60 Status 1st : Paid 2nd Installment: : $27.60 Status 2nd : Open Parcel No. : 777-490-057 Code Area/Tracer No. : 020-143 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 5 Q. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2022 - 2023 for Parcel No. 777-490-057. Amounts due show as follows: Amount: $216.08; due by: February 28, 2025 Amount: $217.29; due by: March 31, 2025 Amount: $218.50; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portion of Parcel 5 R. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $122.04 Status 1st : Paid 2nd Installment: : $122.04 Status 2nd : Open Parcel No. : 777-490-059 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 5 S. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2022 - 2023 for Parcel No. 777-490-059. Amounts due show as follows: Amount: $569.05; due by: February 28, 2025 Amount: $574.40; due by: March 31, 2025 Amount: $579.75; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portion of Parcel 5. T. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $13,643.17 Status 1st : Paid 2nd Installment: : $13,643.17 Status 2nd : Open Order No.: 2306435 Preliminary Report Page 14 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 16 of 91 Parcel No. : 777-490-068 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 5 U. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2022 - 2023 for Parcel No. 777-490-068. Amounts due show as follows: Amount: $37,728.60; due by: February 28, 2025 Amount: $38,183.72; due by: March 31, 2025 Amount: $38,638.85; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portion of Parcel 5 V. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $7,176.74 Status 1st : Paid 2nd Installment: : $7,176.74 Status 2nd : Open Parcel No. : 777-490-042 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 6 W. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2022 - 2023 for Parcel No. 777-490-042. Amounts due show as follows: Amount: $26,745.06; due by: February 28, 2025 Amount: $27,057.55; due by: March 31, 2025 Amount: $27,370.03; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 6 X. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $117.56 Status 1st : Paid 2nd Installment: : $117.56 Status 2nd : Open Parcel No. : 777-490-076 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 6 Y. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2022 - 2023 for Parcel No. 777-490-076. Amounts due show as follows: Amount: $552.31; due by: February 28, 20255 Amount: $557.47; due by: March 31, 20255 Amount: $562.62; due by: April 30, 20255 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 6 Order No.: 2306435 Preliminary Report Page 15 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 17 of 91 Z. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $42,207.70 Status 1st : Paid 2nd Installment: : $42,207.70 Status 2nd : Open Parcel No. : 777-490-072 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portions of Parcel 6 and 7 AA. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2022 - 2023 for Parcel No. 777-490-072. Amounts due show as follows: Amount: $121,727.42; due by: February 28, 2025 Amount: $123,191.02; due by: March 31, 2025 Amount: $124,654.61; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portion of Parcels 6 and 7 BB. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $3,571.75 Status 1st : Paid 2nd Installment: : $3,571.75 Status 2nd : Open Parcel No. : 777-490-073 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcels 6 and 7 CC. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2022 - 2023 for Parcel No. 777-490-073. Amounts due show as follows: Amount: $13,463.44; due by: February 31, 2025 Amount: $13,619.99; due by: March 31, 2025 Amount: $13,776.54; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portion of Parcels 6 and 7. DD. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,741.67 Status 1st : Paid 2nd Installment: : $1,741.67 Status 2nd : Open Parcel No. : 777-490-074 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of parcel 7 EE. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2022 - 2023 for Parcel No. 777-490-074. Amounts due show as follows: Amount: $6,622.94; due by: February 28, 2025 Order No.: 2306435 Preliminary Report Page 16 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 18 of 91 Amount: $6,699.28; due by: March 31, 2025 Amount: $6,775.61; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 7. FF. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $32,023.28 Status 1st : Paid 2nd Installment: : $32,023.28 Status 2nd : Open Parcel No. : 777-490-075 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portions of Parcels 7 and 9A. GG. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2022 - 2023 for Parcel No. 777-490-075. Amounts due show as follows: Amount: $118,419.52; due by: February 28, 2025 Amount: $119,806.78; due by: March 31, 2025 Amount: $121,194.04; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portions of Parcels 7 and 9A. HH. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $36.96 Status 1st : Paid 2nd Installment: : $36.96 Status 2nd : Open Parcel No. : 777-490-077 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcels 7 and 9A. II. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-490-077. Amounts due show as follows: Amount: $163.21; due by: February 28, 2025 Amount: $164.29; due by: March 31, 2025 Amount: $165.38; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portions of Parcels 7 and 9A JJ. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $109.09 Status 1st : Paid 2nd Installment: : $109.09 Status 2nd : Open Parcel No. : 777-490-078 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Order No.: 2306435 Preliminary Report Page 17 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 19 of 91 Matters contained therein affect: Portions of Parcel 7. KK. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-490-078. Amounts due show as follows: Amount: $335.80; due by: February 28, 2025 Amount: $339.01; due by: March 31, 2025 Amount: $342.22; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portions of Parcels 7 and 9A. LL. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $10,116.01 Status 1st : Paid 2nd Installment: : $10,116.01 Status 2nd : Open Parcel No. : 777-490-079 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portions of Parcels 9A and 9B. MM. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2022 - 2023 for Parcel No. 777-490-079. Amounts due show as follows: Amount: $6,937.70; due by: February 28, 2025 Amount: $7,017.86; due by: March 31, 2025 Amount: $7,098.01; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portions of Parcels 9A and 9B. NN. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment: $3.73 Status 1st: Delinquent Delinquent Date: December 10, 2024 Penalty: $0.37 2nd Installment:: $3.73 Status 2nd : Open Parcel No. : 777-490-080 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portions of Parcels 7 and 9A. 00. Intentionally deleted. PP. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $13,348.90 Status 1st : Paid 2nd Installment: : $13,348.90 Status 2nd : Open Parcel No. : 777-490-046 Code Area/Tracer No. : 020-021 Order No.: 2306435 Preliminary Report Page 18 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 20 of 91 Prior to recording, the final amount clue for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 8. QQ. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2022 - 2023 for Parcel No. 777-490-046. Amounts due show as follows: Amount: 30,524.86; due by: February 28, 2025 Amount: 30,881.47; due by: March 31, 2025 Amount: 31,238.08; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portion of Parcel 8. RR. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $0.00 Status 1st : No Tax Due 2nd Installment: : $0.00 Status 2nd : No Tax Due Parcel No. : 777-490-071 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 5. SS. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment: $1.52 Status 1st: Delinquent Delinquent Date: December 10, 2024 Penalty: $0.15 2nd Installment: : $1.52 Status 2nd : Open Parcel No. : 777-060-082 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 8. TT. Intentionally deleted. UU. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment: $1.52 Status 1st: Delinquent Delinquent Date: December 10, 2024 Penalty: $0.15 2nd Installment: : $1.52 Status 2nd : Open Parcel No. : 777-060-084 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 8. VV. INTENTIONALLY DELETED Order No.: 2306435 Preliminary Report Page 19 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 21 of 91 WW. INTENTIONALLY DELETED XX. INTENTIONALLY DELETED YY. INTENTIONALLY DELETED ZZ. INTENTIONALLY DELETED AAA. INTENTIONALLY DELETED BBB. INTENTIONALLY DELETED CCC.INTENTIONALLY DELETED DDD. INTENTIONALLY DELETED EEE. INTENTIONALLY DELETED FFF. INTENTIONALLY DELETED GGG. Taxes and/or assessments affecting the Land, if any, for community facility districts, including Mello Roos, which may exist by virtue of assessment maps or filed notices. These taxes and/or assessments are typically collected with the county taxes; however, sometimes they're removed and assessed and collected separately. HHH.The lien of supplemental taxes, if any, assessed pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State of California. III. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2021 - 2024 for Parcel No. 777-060-078. Amounts due show as follows: Amount: $32,270.56; due by: February 28, 2025 Amount: $32,666.41; due by: March 31, 2025 Amount: $33,062.26; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portion of Parcel 3. JJJ. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $39.18 Status 1st: Paid 2nd Installment: $39.18 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $41.97 Parcel No.: 777-060-083 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 1. KKK. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2021 - 2024 for Parcel No. 777-060-083. Amounts due show as follows: Amount: $400.56; due by: February 28, 2025 Amount: $404.56; due by: March 31, 2025 Amount: $408.57; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 1. Order No.: 2306435 Preliminary Report Page 20 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 22 of 91 LLL. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2021 - 2024 for Parcel No. 777-060-085. Amounts due show as follows: Amount: $237.68; due by: February 28, 2025 Amount: $239.68; due by: March 31, 2025 Amount: $241.68; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 2. MMM. Escaped Assessment for the tax year 2024 - 2025. Total Tax: $10,020.32 First Installment: $5,010.16 Status: Paid Second Installment: $5,010.16 Date Due: April 25, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portion of Parcel 8. NNN.Escaped Assessment for the tax year 2024 - 2025. Total Tax: $10,220.72 First Installment: $5,110.36 Status: Paid Second Installment: $5,110.36 Date Due: April 10, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Portion of Parcel 8. 000. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $27.27 Status 1st: Paid 2nd Installment: $27.27 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $40.78 Parcel No.: 777-490-058 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 4. PPP. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $0.32 Status 1st: Delinquent Delinquent Date: December 10, 2024 Penalty: $38.39 2nd Installment: $0.00 Status 2nd: No Tax Due Parcel No.: 777-490-064 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 4. Order No.: 2306435 Preliminary Report Page 21 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 23 of 91 QQQ. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $0.32 Status 1st: Delinquent Delinquent Date: December 10, 2024 Penalty: $0.32 2nd Installment: $0.00 Status 2nd: No Tax Due Parcel No.: 777-490-065 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 4. RRR.Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $0.32 Status 1st: Delinquent Delinquent Date: December 10, 2024 Penalty: $38.09 2nd Installment: $0.00 Status 2nd: No Tax Due Parcel No.: 777-490-066 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 4. SSS. INTENTIONALLY DELETED TTT. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $43.68 Status 1st: Paid 2nd Installment: $43.68 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $43.68 Parcel No.: 777-490-068 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 5. UUU.Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $187.92 Status 1st: Paid 2nd Installment: $187.92 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $56.85 Parcel No.: 777-490-072 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcels 6 and 7. VVV. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: Order No.: 2306435 Preliminary Report Page 22 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 24 of 91 1st Installment: $45.08 Status 1st: Paid 2nd Installment: $45.08 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $42.56 Parcel No.: 777-490-073 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcels 6 and 7. WWW. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $21.97 Status 1st: Paid 2nd Installment: $21.97 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $40.25 Parcel No.: 777-490-074 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 7. XXX. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $399.58 Status 1st: Paid 2nd Installment: $399.58 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $78.01 Parcel No.: 777-490-075 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcels 7 and 9A. YYY. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-510-001 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 1. ZZZ. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.67 Status 1st: Paid 2nd Installment: $16.67 Status 2nd: Open Delinquent date: April 10, 2025 Order No.: 2306435 Preliminary Report Page 23 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 25 of 91 Penalty: $39.72 Parcel No.: 777-510-001 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 1. AAAA. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-001. Amounts due show as follows: Amount: $2,578.19; due by: February 28, 2025 Amount: $2,608.97; due by: March 31, 2025 Amount: $2,639.75; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 1. BBBB. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-510-002 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 2. CCCC. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-510-002 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 2. DDDD. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-002. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 2. EEEE. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-510-003 Order No.: 2306435 Preliminary Report Page 24 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 26 of 91 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 3. FFFF. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-510-003 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 3. GGGG. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-003. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 3. HHHH. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-510-004 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 4. 1111. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-510-004 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 4. JJJJ. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-004. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Order No.: 2306435 Preliminary Report Page 25 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 27 of 91 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 4. KKKK. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-510-005 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 5. LLLL.Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-510-005 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 5. MMMM. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-005. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 5. NNNN. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $5,397.89 Status 1st : Paid 2nd Installment: : $5,397.89 Status 2nd : Open Parcel No. : 777-510-006 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 6. 0000. Escaped Assessment for the tax year 2024 - 2025. Total Tax: $2,900.70 First Installment: $1,450.35 Date Due: January 31, 2025 Second Installment: $1,450.35 Date Due: April 10, 2025 Order No.: 2306435 Preliminary Report Page 26 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 28 of 91 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 6. PPPP. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-510-006 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 6. QQQQ. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-006. Amounts due show as follows: Amount: $3,761.48; due by: February 28, 2025 Amount: $3,806.81; due by: March 31, 2025 Amount: $3,852.14; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 6. RRRR. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $6,125.24 Status 1st : Paid 2nd Installment: : $6,125.24 Status 2nd : Open Parcel No. : 777-510-007 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 7. SSSS. Escaped Assessment for the tax year 2024 - 2025. Total Tax: $3,390.50 First Installment: $1,695.25 Date Due: January 31, 2025 Second Installment: $1,695.25 Date Due: April 10, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 7. TTTT. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Order No.: 2306435 Preliminary Report Page 27 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 29 of 91 Penalty: $39.74 Parcel No.: 777-510-007 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 7. UUUU. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-007. Amounts due show as follows: Amount: $4,157.16; due by: February 28, 2025 Amount: $4,207.35; due by: March 31, 2025 Amount: $4,257.54; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 7. VWV. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $7,196.72 Status 1st : Paid 2nd Installment: : $7,196.72 Status 2nd : Open Parcel No. : 777-510-008 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 8. WWWW. Escaped Assessment for the tax year 2024 - 2025. Total Tax: $4,088.46 First Installment: $2,044.23 Date Due: January 31, 2025 Second Installment: $2,044.23 Date Due: April 10, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 8. XXXX. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-510-008 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 8. YYYY. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-008. Amounts due show as follows: Amount: $4,768.94; due by: February 28, 2025 Amount: $4,826.66; due by: March 31, 2025 Amount: $4,884.37; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Order No.: 2306435 Preliminary Report Page 28 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 30 of 91 Matters contained therein affect: Parcel 12 Lot 8. ZZZZ. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-510-009 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 9. AAAAA. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-510-009 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 9. BBBBB. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-009. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 9. CCCCC. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-510-010 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 10. DDDDD. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Order No.: 2306435 Preliminary Report Page 29 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 31 of 91 Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-510-010 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 10. EEEEE. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-010. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 10. FFFFF. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-510-011 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 11. GGGGG. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-510-011 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 11. HHHHH. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-011. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 11. 11111. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Order No.: 2306435 Preliminary Report Page 30 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 32 of 91 Parcel No. : 777-510-012 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 12. JJJJJ. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-510-012 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 12. KKKKK. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-012. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 12. LLLLL. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $6,174.83 Status 1st : Paid 2nd Installment: : $6,174.83 Status 2nd : Open Parcel No. : 777-510-013 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 13. MMMMM. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-510-013 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 13. Order No.: 2306435 Preliminary Report Page 31 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 33 of 91 NNNNN. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-013. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 13. 00000. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $5,820.34 Status 1st : Paid 2nd Installment: : $5,820.34 Status 2nd : Open Parcel No. : 777-510-014 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 14. PPPPP. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-510-014 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 14. QQQQQ. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-014. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 14. RRRRR. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-510-015 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 15. Order No.: 2306435 Preliminary Report Page 32 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 34 of 91 SSSSS. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status lst: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-510-015 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 15. TTTTT. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-015. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 15. UUUUU. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-510-016 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 16. VVVVV. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-510-016 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 16. WWWWW. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-510-016. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 16. Order No.: 2306435 Preliminary Report Page 33 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 35 of 91 XXXXX. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $5,397.89 Status 1st : Paid 2nd Installment: : $5,397.89 Status 2nd : Open Parcel No. : 777-520-001 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 17. YYYYY. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-520-001 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 17. ZZZZZ. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-520-001. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 17. AAAAAA. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-520-002 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 18. BBBBBB. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-520-002 Order No.: 2306435 Preliminary Report Page 34 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 36 of 91 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 18. CCCCCC. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-520-002. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 18. DDDDDD. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-520-003 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 19. EEEEEE. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-520-003 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 19. FFFFFF. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-520-003. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 19. GGGGGG. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $6,549.53 Status 1st : Paid 2nd Installment: : $6,549.53 Status 2nd : Open Parcel No. : 777-520-004 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Order No.: 2306435 Preliminary Report Page 35 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 37 of 91 Matters contained therein affect: Parcel 12 Lot 20. HHHHHH. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-520-004 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 20. 111111. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-520-004. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 20. JJJJJJ. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $6,174.83 Status 1st : Paid 2nd Installment: : $6,174.83 Status 2nd : Open Parcel No. : 777-520-005 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 21. KKKKKK. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-520-005 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 21. LLLLLL. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-520-005. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Order No.: 2306435 Preliminary Report Page 36 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 38 of 91 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 21. MMMMMM. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $6,125.24 Status 1st : Paid 2nd Installment: : $6,125.24 Status 2nd : Open Parcel No. : 777-520-006 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 22. NNNNNN. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-520-006 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 22. 000000. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-520-006. Amounts due show as follows: Amount: $4,157.16; due by: February 28, 2025 Amount: $4,207.35; due by: March 31, 2025 Amount: $4,257.54; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 22. PPPPPP. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $5,397.89 Status 1st : Paid 2nd Installment: : $5,397.89 Status 2nd : Open Parcel No. : 777-520-007 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 23. QQQQQQ. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Order No.: 2306435 Preliminary Report Page 37 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 39 of 91 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-520-007 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 23. RRRRRR. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-520-007. Amounts due show as follows: Amount: $3,761.48; due by: February 28, 2025 Amount: $3,806.81; due by: March 31, 2025 Amount: $3,852.14; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 23. SSSSSS. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $6,280.76 Status 1st : Paid 2nd Installment: : $6,280.76 Status 2nd : Open Parcel No. : 777-520-008 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 24. TTTTTT. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-520-008 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 24. UUUUUU. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-520-008. Amounts due show as follows: Amount: $4,246.78; due by: February 28, 2025 Amount: $4,298.08; due by: March 31, 2025 Amount: $4,349.39; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 24. VWWV. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $3,635.84 Status 1st : Paid 2nd Installment: : $3,635.84 Order No.: 2306435 Preliminary Report Page 38 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 40 of 91 Status 2nd : Open Parcel No. : 777-520-009 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 25. WWWWWW. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-520-009 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 25. XXXXXX. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-520-009. Amounts due show as follows: Amount: $3,993.03; due by: February 28, 2025 Amount: $4,041.20; due by: March 31, 2025 Amount: $4,089.38; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 25. YYYYYY. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $5,397.89 Status 1st : Paid 2nd Installment: : $5,397.89 Status 2nd : Open Parcel No. : 777-520-010 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 26. ZZZZZZ. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-520-010 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 26. Order No.: 2306435 Preliminary Report Page 39 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 41 of 91 AAAAAAA. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-520-010. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 26. BBBBBBB. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-520-011 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 27. CCCCCCC.Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-520-011 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 27. DDDDDDD. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-520-011. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 27. EEEEEEE. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-520-012 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 28. Order No.: 2306435 Preliminary Report Page 40 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 42 of 91 FFFFFFF. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-520-012 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 28. GGGGGGG. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-520-012. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 28. HHHHHHH.General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1,051.91 Status 1st : Paid 2nd Installment: : $1,051.91 Status 2nd : Open Parcel No. : 777-520-013 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 29. 1111111. Supplemental taxes for the fiscal year 2024-2025 issued pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State California: 1st Installment: $16.84 Status 1st: Paid 2nd Installment: $16.84 Status 2nd: Open Delinquent date: April 10, 2025 Penalty: $39.74 Parcel No.: 777-520-013 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Parcel 12 Lot 29. JJJJJJJ. Property taxes have been declared defaulted for non-payment of delinquent taxes for the fiscal year(s) 2023 - 2024 for Parcel No. 777-520-013. Amounts due show as follows: Amount: $1,326.22; due by: February 28, 2025 Amount: $1,341.60; due by: March 31, 2025 Amount: $1,356.99; due by: April 30, 2025 Prior to recording, the final amounts due must be confirmed directly with tax collector. Matters contained therein affect: Parcel 12 Lot 29. Order No.: 2306435 Preliminary Report Page 41 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 43 of 91 KKKKKKK. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : No tax due 2nd Installment: : No tax due Parcel No. : 777-520-018 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 12 Lot A. LLLLLLL. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : No tax due 2nd Installment: : No tax due Parcel No. : 777-510-025 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 12 Lot A. MMMMMMM. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1.90 Status 1st : Delinquent Delinquent Date : December 10, 2024 Penalty : $0.19 2nd Installment: : $1.90 Status 2nd : Open Parcel No. : 777-510-017 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 12 Lot B. NNNNNNN.General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $0.06 Status 1st : Delinquent Delinquent Date : December 10, 2024 2nd Installment: : $0.06 Status 2nd : Open Parcel No. : 777-520-014 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 12 Lot C. 0000000. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $0.63 Status 1st : Delinquent Delinquent Date : December 10, 2024 Penalty : $0.06 2nd Installment: : $0.63 Status 2nd : Open Parcel No. : 777-520-015 Code Area/Tracer No. : 020-021 Order No.: 2306435 Preliminary Report Page 42 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 44 of 91 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 12 Lot D. PPPPPPP. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $0.06 Status 1st : Delinquent Delinquent Date : December 10, 2024 2nd Installment: : $0.06 Status 2nd : Open Parcel No. : 777-520-016 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 12 Lot E. QQQQQQQ. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $0.06 Status 1st : Delinquent Delinquent Date : December 10, 2024 2nd Installment: : $0.06 Status 2nd : Open Parcel No. : 777-510-018 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 12 Lot F. RRRRRRR.General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $0.63 Status 1st : Delinquent Delinquent Date : December 10, 2024 Penalty : $0.06 2nd Installment: : $0.63 Status 2nd : Open Parcel No. : 777-510-019 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 12 Lot G. SSSSSSS. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $1.27 Status 1st : Delinquent Delinquent Date : December 10, 2024 Penalty : $0.12 2nd Installment: : $1.27 Status 2nd : Open Parcel No. : 777-510-020 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 12 Lot H. Order No.: 2306435 Preliminary Report Page 43 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 45 of 91 TTTTTTT. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $0.63 Status 1st : Delinquent Delinquent Date : December 10, 2024 Penalty : $0.06 2nd Installment: : $0.63 Status 2nd : Open Parcel No. : 777-510-021 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 12 Lot I. UUUUUUU.General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $0.63 Status 1st : Delinquent Delinquent Date : December 10, 2024 Penalty : $0.06 2nd Installment: : $0.63 Status 2nd : Open Parcel No. : 777-510-022 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 12 Lot J. VVVVVVV. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $0.06 Status 1st : Delinquent Delinquent Date : December 10, 2024 2nd Installment: : $0.06 Status 2nd : Open Parcel No. : 777-510-023 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 12 Lot K. WWWWWWW. General and special city and/or county taxes, including any personal property taxes, and any assessments collected with taxes, for the fiscal year 2024 - 2025: 1st Installment : $0.63 Status 1st : Delinquent Delinquent Date : December 10, 2024 Penalty : $0.06 2nd Installment: : $0.63 Status 2nd : Open Parcel No. : 777-520-017 Code Area/Tracer No. : 020-021 Prior to recording, the final amount due for taxes must be confirmed. Matters contained therein affect: Portion of Parcel 12 Lot L. XXXXXXX. Prior to recording, the final amount due for taxes must be confirmed. Order No.: 2306435 Preliminary Report Page 44 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 46 of 91 Exceptions: 1. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2. Any facts, rights, interests, or claims that are not shown by the Public Records at Date of Policy but that could be (a) ascertained by an inspection of the Land, or (b) asserted by persons or parties in possession of the Land. 3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records at Date of Policy. 4. Any encroachment, encumbrance, violation, variation, easement, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and not shown by the Public Records at Date of Policy. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. 6. Any lien or right to a lien for services, labor, material or equipment unless such lien is shown by the Public Records at Date of Policy. 7. Any claim to (a) ownership of or rights to minerals and similar substances, including but not limited to ores, metals, coal, lignite, oil, gas, uranium, clay, rock, sand, and gravel located in, on, or under the Land or produced from the Land, whether such ownership or rights arise by lease, grant, exception, conveyance, reservation, or otherwise; and (b) any rights, privileges, immunities, rights of way, and easements associated therewith or appurtenant thereto, whether or not the interests or rights excepted in (a) or (b) appear in the Public Records or are shown in Schedule B. Note: The above, separate general water exception will remain on any extended coverage policy. 8. INTENTIONALLY DELETED 9. Any interests (including rights of the public) in and to any portion of the Land lying within roads, streets, alleys or highways. The Following matters affect Parcels 1, 2 and 3 10. Rights of the public to any portion of the Land lying within the area commonly known as 50th Avenue. 11. Reservations and other matters contained in the patent recorded September 2, 1922, in Book 8 Page 273 of Patents. 12. Easement and rights incidental thereto for public utilities to Imperial Irrigation District, as set forth in a document recorded May 14, 1952, in Book 1368, Page 365 of Official Records; affecting Parcel 1. 13. Easement and rights incidental thereto for power lines to Imperial Irrigation District, as set forth in a document recorded May 23, 1955, in Book 1741, Page 466 of Official Records; affecting Parcel 3. Order No.: 2306435 Preliminary Report Page 45 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 47 of 91 14. Easement and rights incidental thereto for public utilities to Imperial Irrigation District, as set forth in a document recorded June 23, 1955, in Book 1756, Page 278 of Official Records; affecting Parcel 3. 15. Easement and rights incidental thereto for power lines to Imperial Irrigation District, as set forth in a document recorded April 26, 1961, as Instrument No. 35578 of Official Records; affecting Parcel 1. 16. Matters contained in document entitled "Notice of Discontinue Use of Easements Boulder Canyon Project, All American Canal System, Coachella Division, California" recorded December 6, as Instrument No. 2004-0967905 of Official Records. 17. Easement and rights incidental thereto for public utilities to Southern California Gas Company, a corporation, its successors and/or assigns, as set forth in a document recorded April 28, 2005, as Instrument No. 2005-0337291 of Official Records; affecting A Portion of said land as more particularly described in said document. 18. Rights of the successor agency(ies) as to matters contained in the project plan recorded October 4, 2007, as Instrument No. 2007-0619749, of Official Records. 19. Matters contained in document entitled "Development Agreement 2014-1001 Approved by Ordinance No. 520" City of La Quinta and SilverRock Development Company, LLC December 18, 2014 recorded December 18, 2014, as Instrument No. 2014-0484106 of Official Records. 20. Matters contained in document entitled "Agreement Regarding Real Property" by Coachella Valley Water District, a public agency of the State of California and City of La Quinta, a California municipal corporation and charter city recorded June 1, 2017, as Instrument No. 2017-0218005 of Official Records. 21. The ownership of said Land does not include rights of access to or from the street, highway, or freeway abutting said Land, such rights having been relinquished by Parcel Map No. 37207, Book 242, Pages 72 through 87, inclusive of Parcel Maps. Affects: Parcels abutting Avenue 54 except at approved locations. 22. Easement(s) for the purpose(s) shown below and rights incidental thereto, as delineated on or as offered for dedication on Map/Plat :Parcel Map No. 37207 Recording No :Book 242, Pages 72 through 87, inclusive of Parcel Maps Purpose :Public utility purposes to the City of La Quinta Affects :As shown on said map. 23. Matters contained in document entitled "Assignment and Assumption Agreement" by SilverRock Development Company, LLC, a Delaware limited liability company and SilverRock Phase I, LLC, a Delaware limited liability company recorded November 29, 2018, as Instrument No. 2018-0465379 of Official Records. Matters contained in document entitled "Assignment and Assumption Agreement" by SilverRock Phase I, LLC, a Delaware limited liability company and SilverRock Land, LLC, a Delaware limited liability company recorded April 10, 2019 as Instrument No. 2019-0120800 of Official Records. Matters contained therein affect: Parcels 1 and 2. 24. Matters contained in document entitled "Declaration of Conditions and Reservations of Easements" by City of La Quinta and charter city recorded November 28, 2018 as Instrument No. 2018-0464669 of Official Records. Order No.: 2306435 Preliminary Report Page 46 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 48 of 91 Matters contained therein affect: Parcel 1. 25. Matters contained in document entitled "Grand Deed (Phase-1 B)" by The City of La Quinta, a California municipal corporation and charter city and SilverRock Phase I, LLC, a Delaware limited liability company recorded November 28, 2018 as Instrument No. 2018-0464674 of Official Records. 26. Matters contained in document entitled "Memorandum of Purchase, Sale, and Development Agreement (Phase 1 B Property-PSDA Amendment No. 3 by The City of La Quinta, a California municipal corporation and charter city and SilverRock Phase I, LLC, a Delaware limited liability company recorded November 28, 2018, as Instrument No. 2018-0464675 of Official Records. 27. Matters contained in document entitled "Option Agreement (Phase 1 B Property -PA 7, 8 and 9)" by SilverRock Phase 1, LLC, a Delaware limited liability company and The City of La Quinta, a California municipal corporation and charter city recorded November 28, 2018, as Instrument No. 2018-0464677 of Official Records. 28. Matters contained in document entitled "Special Domestic Water System, Sanitation System, and Irrigation System Modification Installation Agreement" by Coachella Valley Water District, a California municipal corporation, City of La Quinta, a California municipal corporation and SilverRock Phase I, LLC, a Delaware limited liability company recorded September 13, 2019, as Instrument No. 2019-0359003 of Official Records. Matters contained in document entitled "Special Domestic Water System, Sanitation System, and Irrigation System Modification Installation Agreement" by Coachella Valley Water District, a California municipal corporation, City of La Quinta, a California Municipal Corporation and SilverRock Phase I, LLC, a Delaware limited liability company recorded October 31, 2019 as Instrument No. 2019-0443397 of Official Records. 29. Matters contained in document entitled "United States Department of the Interior Bureau of Reclamation Boulder Canyon Project All -American Canal System -Coachella Canal Affirmation of Abandonment of a Right- Of -Way Use Under the Act of August 30, 1890" recorded November 13, 2019, as Instrument No. 2019-0467858 of Official Records. Matters contained therein affect: Parcels 1 and 3. 30. Matters contained in document entitled "Standard Domestic Water System and Sanitation System Installation Agreement" by Coachella Valley Water District, a California municipal corporation, City of La Quinta, a California Municipal corporation and SilverRock Phase I, LLC, a Delaware limited liability company recorded July 9, 2020, as Instrument No. 2020-0301013 of Official Records. 31. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $108,000.00 Dated : June 30, 2023 Trustor : SilverRock Development Company, LLC, a Delaware limited liability company Trustee : Fidelity National Title Company, a California corporation Beneficiary : SilverRock Resort Investment LLC, a Wisconsin limited liability company Recorded : July 19, 2023 as Instrument No. 2023-0208822 of Official Records. Matters contained therein affect: Parcels 2 and 3. Said instrument has been modified by that certain document recorded October 13, 2023 as Instrument No. 2023-0302964 of Official Records. Order No.: 2306435 Preliminary Report Page 47 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 49 of 91 32. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $108,000,000.00 Dated : June 30, 2023 Trustor : SilverRock Development Company, LLC, a Delaware limited liability company Trustee : Fidelity Nation Title Company, a California corporation Beneficiary : SilverRock Resort Investment M LLC, a Wisconsin limited liability company Recorded : July 19, 2023 as Instrument No. 2023-0208823 of Official Records. Matters contained therein affect: Parcels 2 and 3. Said instrument has been modified by that certain document recorded October 13, 2023, as Instrument No. 2023-0302965 of Official Records. 33. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $25,000,000.00 Dated : October 10, 2023 Trustor : RGC PA 789, LLC, a Delaware limited liability company, as to an undivided 57.2% tenants in common interest; and SilverRock Land II, LLC, a Delaware limited liability company, as to an undivided 42.8% tenant's in common interest Trustee : Fidelity National Title Company Beneficiary : RAF Pacific Loan Opportunity Fund I, LLC, a Delaware limited liability company as to an undivided fifty percent (50%) interest; and Arnold Fishman, as Trustees of the Arnold Fishman Revocable Trust date July 15, 1999, as to an undivided fifty percent (50%) interest Recorded : October 13, 2023 as Instrument No. 2023-0302967 of Official Records. Matters contained therein affect: Parcel 1. 34. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $25,000,000.00 Dated : October 10, 2023 Trustor : RGC PA 789, LLC, a Delaware limited liability company Trustee : Fidelity National Title Company Beneficiary : RAF Pacific Loan Opportunity Fund I, LLC, a Delaware limited liability company as to an undivided fifty percent (50%) interest; and Arnold Fishman, as Trustees of The Arnold Fishman Revocable Trust date July 15, 1999, as to an undivided fifty percent (50%) interest Recorded : October 13, 2023 as Instrument No. 2023-0302968 of Official Records. Matters contained therein affect: Parcels 2 and 3. 35. Matters contained in document entitled "Assignment of Permits and Agreements" by RGC PA 789, LLC, a Delaware limited liability company; and SilverRock Land II, LLC, a Delaware limited liability company and RAF Pacific Loan Opportunity Fund I, LLC, a Delaware limited liability company as to an undivided fifty percent (50%) interest; and Arnold Fishman, as Trustees of The Arnold Fishman Revocable Trust date July 15, 1999, as to an undivided fifty percent (50%) interest recorded October 13, 2023, as Instrument No. 2023-0302969 of Official Records. Matters contained therein affect: Parcels 1, 2 and 3. 36. Financing Statement in favor of RAF Pacific Loan Opportunity Fund I, LLC, recorded October 13, 2023 as Instrument No. 2023-0302970 of Official Records. Matters contained therein affect: Parcels 1, 2 and 3. Order No.: 2306435 Preliminary Report Page 48 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 50 of 91 37. Financing Statement in favor of RAF Pacific Loan Opportunity Fund I, LLC, recorded October 13, 2023 as Instrument No. 2023-0302971 of Official Records. Matters contained therein affect: Parcels 1, 2 and 3. 38. Matters contained in document entitled "Subordination Agreement by and between City of La Quinta, a California municipal corporation and charter city and RAF Pacific Loan Opportunity Fund I, LLC, a Delaware limited liability company and Arnold Fishman, as Trustee of The Arnold Fishman Revocable Trust dated July 15, 1999 recorded October 13, 2023, as Instrument No. 2023-0302972 of Official Records. Matters contained therein affect: Parcels 1, 2 and 3. 39. A Claim of Mechanic's Lien by Robert Green Residential, Inc., in the amount of $383,584.00, and any other amounts due thereunder, recorded April 25, 2024 as Instrument No. 2024- 0120655 of Official Records. 40. Any facts, rights, interests or claims which would be disclosed by an inspection of the Land. 41. Rights or claims of parties in possession whether or not shown by the Public Records. The Following Matters Affect Parcels 4 through 9A and 9B 42. Reservations and other matters contained in the patent recorded July 14, 1910, in Book 6, Page 1 of Patents. 43. Rights of the public to any portion of the Land lying within the area commonly known as 50th Avenue, 58th Avenue, Adams Street, Airport Boulevard, Eisenhower Drive, Jefferson Street, Madison Street, Monroe Street and Washington Street, except where vacated. 44. Easement and rights incidental thereto for public utilities to Imperial Irrigation District, as set forth in a document recorded May 14, 1952, in Book 1368, Page 365 of Official Records; affecting Parcels 6, 7, 8, 9A and 9B. 45. Easement and rights incidental thereto for power lines to Imperial Irrigation District, as set forth in a document recorded May 23, 1955 in Book 1741, Page 466 of Official Records; affecting Parcel 6. 46. Easement and rights incidental thereto for public utilities to Imperial Irrigation District, as set forth in a document recorded June 23, 1955, in Book 1756, Page 278 of Official Records; affecting Parcel 6. 47. Matters contained in document entitled "Deed" by KSL Land Holdings, Inc., a Delaware corporation to La Quinta Redevelopment Agency, a public body corporate and politic recorded June 27, 2002 as Instrument No. 2002-352579 of Official Records. and Re -Recording Date : January 31, 2008 and Re -Recording No : 2008-0050168 of Official Records Said instrument provides or establishes :Easements, Covenants, Conditions and Restrictions. 48. Matters contained in document entitled "Notice of Discontinue Use of Easements Boulder Canyon Project, All American Canal System, Coachella Division, Calironia by United States of America, et al. recorded December 6, 2004 as Instrument No. 2004-0967905 of Official Records. Order No.: 2306435 Preliminary Report Page 49 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 51 of 91 49. Easement and rights incidental thereto for public utilities to Southern California Gas Company, a corporation, its successors and/or assigns, as set forth in a document recorded April 28, 2005, as Instrument No. 2005-0337291 of Official Records; affecting A Portion of said land as more particularly described in said document. 50. Matters contained in document entitled "Domestic Water and Sanitation System Installation and Irrigation System Agreement" by Coachella Valley Water District, a public energy of the State of California and La Quinta Redevelopment Agency, a public agency of the State of California recorded October 14, 2005, as Instrument No. 2005-0852063 of Official Records. 51. Rights of the successor agency(ies) as to matters contained in the project plan recorded October 4, 2007 as Instrument No. 2007-0619749, of Official Records. 52. Easement(s) for the purpose(s) shown below and rights incidental thereto as delineated or as offered for dedication, on the map of said tract/plat; Purpose(s) : 30.00-foot-wide sewer easement In Favor Of : Coachella Valley Water District Recording Date : January 24, 2008 Recording No : in Book 224, Page 24 through 39, inclusive of Parcel Maps Matters contained therein affect: Parcels 6, 7 9A and 9B 53. Matters contained in document entitled "Development Agreement 2014-1001 Approved by Ordinance No. 520" by City of La Quinta and SilverRock Development Company, LLC recorded December 18, 2014, as Instrument No. 2014-0484106 of Official Records. 54. Matters contained in document entitled "Agreement Regarding Real Property" by Coachella Valley Water District, a public agency of the State of California and City of La Quinta, a California municipal corporation and charter city recorded June 1, 2017, as Instrument No. 2017-0218005 of Official Records. 55. The ownership of said Land does not include rights of access to or from the street, highway, or freeway abutting said Land, such rights having been relinquished by Parcel Map No. 37207, Book 242, Pages 72 through 87, inclusive of Parcel Maps. Affects: Parcels abutting Avenue 52 and Avenue 54 except at approved locations. 56. Easement(s) for the purpose(s) shown below and rights incidental thereto, as delineated on or as offered for dedication on Map/Plat Recording No Purpose Affects : Parcel Map No. 37207 : Book 242, Pages 72 through 87, inclusive of Parcel Maps : Public utility purposes to the City of La Quinta : As shown on said map. 57. Easement(s) for the purpose(s) shown below and rights incidental thereto as delineated or as offered for dedication, on the map of said Parcel Map No. 37207, Book 242, Pages 72 through 87, inclusive of Parcel Maps; Purpose: Public street and utility Affects: Parcel A (Jefferson Street), Parcels B and C (SilverRock Way), Parcel D (Agua Coralina, Parcel E (Ahmanson Way). 58. Easements for the purposes shown below and rights incidental thereto, as delineated on or as offered for dedication on Map/Plat: Parcel Map No. 37207 Recording No: Book 242, Pages 72 through 87, inclusive of Parcel Maps Order No.: 2306435 Preliminary Report Page 50 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 52 of 91 Purpose: Domestic water and sanitation purposes Affects: Parcel 6 59. Matters contained in document entitled "Grant Deed (Phase 1A-Property-PSDA Amendment No.2) by The City of La Quinta, a California municipal corporation and charter city and SilverRock Development Company, LLC, a Delaware limited liability company recorded November 6, 2017, as Instrument No. 2017-0463950 of Official Records. Said grant deed was amended by that certain Amendment To Grant Deed (Phase 1A Property- PSDA- Amendment No. 2) recorded November 28, 2018 as Instrument No. 2018-0464670 of Official Records. Affects: Parcels 4, 5, 6, 7, 8 9A and 9B 60. Matters contained in document entitled "Agreement Containing Covenants, Conditions and Restrictions Affecting Real Property (Luxury Hotel)" by The City of La Quinta, a California municipal corporation and charger city and SilverRock Development Company, LLC, a Delaware limited liability company recorded November 6, 2017 as Instrument No. 2017- 0463952 of Official Records. Matters contained in document entitled "Amended and Restated Agreement Containing Covenants, Conditions and Restrictions Affecting Real Property (Luxury Hotel) by The City of La Quinta, a California municipal corporation and charter city and SilverRock Development Company, LLC, a Delaware limited liability company recorded November 28, 2018, as Instrument No. 2018-0464671 of Official Records. Matters contained therein affect: Parcels 4 and 5. Matters contained in document entitled "Amendment No. 2 to Amended and Restated Agreement Containing Covenants, Conditions, and Restrictions Affecting Real Property (Luxury Hotel) by recorded November 21, 2023, as Instrument No. 2023-0350295 of Official Records. 61. Matters contained in document entitled "Memorandum of Purchase, Sale and Development Agreement (Phase 1A Property-PSDA Amendment No. 2) by City of La Quinta, a California municipal corporation and charter city and SilverRock Development Company, LLC, a Delaware limited liability company recorded November 6, 2017, as Instrument No. 2017-0463953 of Official Records. Matters contained in document entitled "Amendment to Memorandum of Purchase, Sale and Development Agreement (Phase 1A Property-PSDA Amendment No. 2) by City of La Quinta, a California municipal corporation and charter city and SilverRock Development Company, LLC, a Delaware limited liability company recorded November 28, 2018 as Instrument No. 2018- 0464672 of Official Records. Matters contained therein affect: Parcels 4, 5, 6, 7, 9A and 9B. 62. Matters contained in document entitled "Covenant Affecting Real Property (Golf Course Use) by City of La Quinta and SilverRock Development Company, LLC recorded May 11, 2017, as Instrument No. 2017-0189004 of Official Records. Matters contained in document entitled "Release of Covenant Affecting Real Property (Golf Course Use) by The City of La Quinta, a California municipal corporation and charter city and SilverRock Phase I, LLC, a Delaware limited liability company recorded November 28, 2018, as Instrument No. 2018-0464679 of Official Records. Matters contained therein affect: Parcels 4 and 5 Order No.: 2306435 Preliminary Report Page 51 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 53 of 91 63. Matters contained in document entitled "Covenant Affecting Ral Property (Ahmanson Rach House) recorded May 11, 2017, as Instrument No. 2017 0189769 of Official Records. 64. Matters contained in document entitled Assignment and Assumption Agreement by SilverRock Development Company, LLC, a Delaware limited liability company and SilverRock Phase I, LLC, a Delaware limited liability company recorded November 29, 2018, as Instrument No. 2018-0465379 of Official Records. Matters contained in that certain document Entitled :Assignment and Assumption Agreement Dated :April 10, 2019 Executed by: SilverRock Phase I, LLC. a Delaware limited liability company and SilverRock Land, LLC, a Delaware limited liability company Recording Date: April 10, 2019 Recording No:2019-0120800 of Official Records Matters contained therein affect: Parcel 8. 65. Matters contained in document entitled Declaration of Conditions and reservations of Easements by The City of La Quinta recorded November 28, 2018, as Instrument No. 2018- 0464669 of Official Records. Matters contained therein affect: Parcels 6, 7, 8, 9A and 9B. 66. Matters contained in document entitled Grant Deed (Phase-1B) by The City of La Quinta, a California municipal corporation and charter city and SilverRock Phase I, LLC, a Delaware limited liability company recorded November 28, 2018, as Instrument No. 2018-0464674 of Official Records. Matters contained therein affect: Parcels 6,7,8, 9A and 9B 67. Matters contained in document entitled Memorandum of Purchase, Sale, and Development Agreement (Phase 1 B Property-PSDA Amendment No. 3) by The City of La Quinta, a California municipal corporation and charter city and SilverRock Phase I, LLC, a Delaware limited liability company recorded November 28, 2018, as Instrument No. 2018-0464675 of Official Records. Matters contained therein affect: Parcels 6, 7, 8, 9A and 9B 68. Matters contained in document entitled Option Agreement Phase 1 A Property & Phase 1B Property (Excluding Planning Areas 7, 8 and 9) and Termination of Prior Phase la Option Agreement by SilverRock Phase 1, LLC, a Delaware limited liability company and The City of La Quinta, a California municipal corporation and charter city recorded November 28, 2018, as Instrument No. 2018-0464676 of Official Records. 69. Matters contained in document entitled Option Agreement (Phase 1 B Property-PA7, 8 and 9) by SilverRock Phase 1, LLC, a Delaware limited liability company and The City of La Quinta, a California municipal corporation and charter city recorded November 28, 2018, as Instrument No. 2018-0464677 of Official Records. Matters contained therein affect: Parcels 6 and 8 70. Matters contained in document entitled Agreement Containing Covenants, Conditions, and Restrictions Affecting Real Property (Lifestyle Hotel) by The City of La Quinta, a California municipal corporation and charter city and SilverRock Phase 1, LLC, a Delaware limited liability company recorded November 28, 2018, as Instrument No. 2018-0464678 of Official Records. Order No.: 2306435 Preliminary Report Page 52 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 54 of 91 Matters contained therein affect: Parcels 6, 7 and 8 Matters contained in document entitled Amendment No. 2 to Agreement Containing Covenants, Conditions, and Restrictions, Affecting Real Property (Lifestyle Hotel) by City of La Quinta, a California municipal corporation and charter city, and SilverRock Phase I, LLC, a Delaware limited liability company recorded November 21, 2023, as Instrument No. 2023-0350339 of Official Records. 71. Easement and rights incidental thereto for public utilities to The City of La Quinta, a California municipal corporation and charter city, as set forth in a document recorded November 28, 2018, as Instrument No. 2018-0464680 of Official Records; affecting Parcels 6, 7 and 9. 72. Matters contained in document entitled Special Domestic Water System, Sanitation System, and Irrigation System Modification Installation Agreement by Coachella Valley Water District, a California municipal corporation, City of La Quinta, a California Municipal corporation and SilverRock Phase 1, LLC, a Delaware limited liability company recorded September 13, 2019, as Instrument No. 2019-0359003 of Official Records. Matters contained in document entitled Special Domestic Water System, Sanitation System, and Irrigation System Modification Installation Agreement by Coachella Valley Water District, a California municipal corporation, City of La Quinta, a California Municipal corporation and SilverRock Phase 1, LLC, a Delaware limited liability company recorded October 31, 2019, as Instrument No. 2019-0443397 of Official Records. 73. Matters contained in document entitled United States Department of the Interior Bureau of Reclamation Boulder Canyon Project All -American Canal System -Coachella Canal Affirmation of Abandonment of a Right -of -Way Use Under the Act of August 30, 1890, recorded November 13, 2019 as Instrument No. 2019-0467858 of Official Records. Matters contained therein affect: Parcel 8 74. Matters contained in document entitled Standard Domestic Water System and Sanitation System Installation Agreement by Coachella Valley Water District, a California municipal corporation, City of La Quinta, a California Municipal corporation and SilverRock Phase 1, LLC, a Delaware limited liability company recorded July 9, 2020, as Instrument No. 2020-0301013 of Official Records. 75. Entitled : Quitclaim Deed & Memorandum of Ground Lease Dated : October 21, 2021 Executed by : SilverRock Phase I, LLC, a Delaware limited liability company, SilverRock Development Company, a Delaware limited liability company, SilverRock Lodging, a Delaware limited liability company, SilverRock Luxury Residences, a Delaware limited liability company and SilverRock Lifestyle Residences, a Delaware limited liability company Recording Date: October 25, 2021 Recording No: 2021-0628129 of Official Records Affects the Land and other property. 76. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $40,000,000.00 Dated : October 21, 2021 Trustor : SilverRock Development Company, LLC, a Delaware limited liability company Trustee : Fidelity National Title Builder Services Beneficiary : Poppy Bank Recorded : October 25, 2021 as Instrument No. 2021-0628130 of Official Records. Order No.: 2306435 Preliminary Report Page 53 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 55 of 91 Affects the Land and other property. Substitution of trustee naming Redwood Trust Deed Services, Inc., as trustee, recorded May 5, 2023, as Instrument No. 2023-0130214 of Official Records. Notice of default recorded May 5, 2023, as Instrument No. 2023-0130215 of Official Records. Notice of trustee's sale recorded May 6, 2024 as Instrument No. 2024-0131108 of Official Records. 77. Matters contained in document entitled Grant of Easement by SilverRock Development Company, LLC, a Delaware limited liability company and Southern California Gas Company, a California corporation, its successors and assigns recorded November 23, 2021, as Instrument No. 2021-0697436 of Official Records. 78. Matters contained in document entitled Grant of Easement by and between SilverRock Development Company, LLC, a Delaware limited liability company and Southern California Gas Company, a California corporation, its successors, and assigns recorded November 23, 2021 as Instrument No. 2021-0697437 of Official Records. 79. Matters contained in document entitled Standard Domestic Water System and Sanitation System Installation Agreement by Coachella Valley Water District, a public agency of the State of California ("CVWD") and SilverRock Phase I, LLC, a Delaware limited liability company ("Developer") recorded November 23, 2021 as Instrument No. 2022-0021919 of Official Records. 80. Matters contained in document entitled Grant of Easement by SilverRock Development Company, LLC, a Delaware limited liability company and Coachella Valley Water District, a public agency of the State of California recorded January 24, 2022 as Instrument No. 2022- 0038217 of Official Records. 81. Matters contained in document entitled Grant of Easement by SilverRock Development Company, LLC, a Delaware limited liability company and Coachella Valley Water District, a public agency of the State of California recorded January 24, 2022, as Instrument No. 2022- 0038235 of Official Records. 82. Unsecured property taxes in the amount of $18,515.54, Penalty $1,851.54 and Recording Fee $20.00 and other amounts due thereunder, recorded July 18, 2022, as Instrument No. 2022- 0318873 of Official Records. 83. A Claim of Mechanic's Lien by Granite Construction Company, in the amount of $4,222,182.03, and any other amounts due thereunder, recorded September 29, 2022 as Instrument No. 2022- 0411618 of Official Records. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Riverside Case No.: Pending Nature of Action: Claim of Lien Plaintiff/Petitioner: Granite Construction Company, a California corporation Defendant/Respondent: Silverrock Phase I, LLC, a Delaware limited liability company, DOES 1 through 50 Recorded: December 23, 2022, as Instrument No.:2022-0511834 of Official Records. Matters contained in the Amended Notice of Pendency of Action recorded January 13, 2023 as Instrument No. 2023-0010435 of Official Records. Matters contained in the Second Amended Notice of Pendency of Action recorded February 9, Order No.: 2306435 Preliminary Report Page 54 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 56 of 91 2023 as Instrument No. 2023-0037999 of Official Records. Matters contained therein affect: All Parcels 84. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $31,464,425.00 Dated : November 18, 2022 Trustor : SilverRock Development Company, LLC, a Delaware limited liability company Trustee : Fidelity National Title Insurance Company, a Florida corporation Beneficiary : Cypress Point Holdings, LLC, a Nevada limited liability company Recorded : November 30, 2022, as Instrument No. 2022-0486431 of Official Records. Matters contained therein affect: All Parcels Substitution of trustee naming First American Title Insurance Company as trustee, recorded December 7, 2023, as Instrument No. 2023-0363985 of Official Records. Notice of default recorded December 7, 2023, as Instrument No. 2023-0363986 of Official Records. Notice of trustee's sale recorded April 17, 2024, as Instrument No. 2024-0111080 of Official Records. Matters contained in document entitled Amended Notice of Trustee's Sale recorded May 7, 2024 as Instrument No. 2024-0131662 of Official Records. 85. INTENTIONALLY DELETED 86. A Claim of Mechanic's Lien by R.D. Olson Construction, Inc., in the amount of $5,202,611.00, and any other amounts clue thereunder, recorded December 19, 2022, as Instrument No. 2022- 0506680 of Official Records A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Riverside Case No.: CVPS2301220 Nature of Action: Claim of Lien Plaintiff/Petitioner: R.D. Olson Construction, Inc., a California corporation Defendant/Respondent: Silverrock Lodging, LLC, a Delaware limited liability company c/o The Robert Green Company; Silverrock Development Company, LLC, an Unknown entity, The Robert Green Company, an unknown entity; and Does 1 through 50, inclusive Recorded: March 29, 2023, as Instrument No.:2023-0089714 of Official Records. Matters contained therein affect: Parcel 4 87. A Claim of Mechanic's Lien by R.D. Olson Construction, Inc., in the amount of $3,533,246.00, and any other amounts due thereunder, recorded December 19, 2022 as Instrument No. 2022- 0506681 of Official Record. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Riverside Case No.: CVPS2301220 Nature of Action: Claim of Lien Plaintiff/Petitioner: R.D. Olson Construction, Inc., a California corporation Defendant/Respondent: Silverrock Lodging, LLC, a Delaware limited liability company c/o The Robert Green Company; Silverrock Development Company, LLC, an Unknown entity, The Robert Green Company, an unknown entity; and Does 1 through 50, inclusive Order No.: 2306435 Preliminary Report Page 55 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 57 of 91 Recorded: March 29, 2023 as Instrument No.:23-0089713 of Official Records. Matters contained therein affect: Parcel 4. 88. A Claim of Mechanic's Lien by R.D. Olson Construction, Inc., in the amount of $8,885,335.00, and any other amounts due thereunder, recorded December 19, 2022, Instrument No. 2022 0506682 of Official Records. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Riverside Case No.: CVPS2301220 Nature of Action: Foreclose said lien Plaintiff/Petitioner: R.D. Olson Construction, Inc., a California corporation Defendant/Respondent: Silverrock Lodging, LLC, a Delaware limited liability company c/o The Robert Green Company; Silverrock Development Company, LLC, an Unknown entity, The Robert Green Company, an unknown entity; and Does 1 through 50, inclusive Recorded: March 29, 2023, as Instrument No.:2023-0089715 of Official Records. Matters contained therein affect: Parcel 6. 89. A Claim of Mechanic's Lien by R.D. Olson Construction, Inc., in the amount of $1,972,112.00, and any other amounts due thereunder, recorded December 28, 2022, as Instrument No. 2022- 0515211 of Official Records. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Riverside Case No.: CVPS2301220 Nature of Action: Foreclose said lien Plaintiff/Petitioner: R.D. Olson Construction, Inc., a California corporation Defendant/Respondent: Silverrock Lodging, LLC, a Delaware limited liability company c/o The Robert Green Company; Silverrock Development Company, LLC, an Unknown entity, The Robert Green Company, an unknown entity; and Does 1 through 50, inclusive Recorded: March 29, 2023, as Instrument No.:2023-0089716 of Official Records. Matters contained therein affect: Parcels 9A and 9B. 90. A Claim of Mechanic's Lien by Rowan Electric, in the amount of $1,270,866.49, and any other amounts due thereunder, recorded January 13, 2023 as Instrument No. 2023-0010825 of Official Records. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Riverside Case No.: CVPS2301769 Nature of Action: foreclose said lien Plaintiff/Petitioner:Rowan, Incorporated, a California corporation, doing business as Rowan Electric Defendant/Respondent: R.D. Olson Construction, Inc., a California corporation; Silverrock Lodging, LLC, a Delaware limited liability company, Silverrock Phase 1, LLC, a Delaware limited liability company; Silverrock Development Company, LLC, a Delaware limited liability company; Silverrock Lifestyle Residence, LLC, a Delaware limited liability company; Silverrrock Luxury Residences, LLC, a Delaware limited liability company; The Robert Green Company, a California Corporation; and DOES 1-200, inclusive Recorded: April 24, 2023, as Instrument No.:2023-0116365 of Official Records. Matters contained therein affect: Parcel 4. Order No.: 2306435 Preliminary Report Page 56 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 58 of 91 91. A Claim of Mechanic's Lien by Rowan Electric, in the amount of $104,811.08, and any other amounts due thereunder, recorded January 13, 2023, as Instrument No. 2023-0010629 of Official Records. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Riverside Case No.: CVPS2301769 Nature of Action: foreclose said lien Plaintiff/Petitioner: Rowan, Incorporated, a California corporation, doing business as Rowan Electric Defendant/Respondent: R.D. Olson Construction, Inc., a California corporation; Silverrock Lodging, LLC, a Delaware limited liability company, Silverrock Phase 1, LLC, a Delaware limited liability company; Silverrock Development Company, LLC, a Delaware limited liability company; Silverrock Lifestyle Residence, LLC, a Delaware limited liability company; Silverrrock Luxury Residences, LLC, a Delaware limited liability company; The Robert Green Company, a California Corporation; and DOES 1-200, inclusive Recorded: April 24, 2023 as Instrument No.:2023-0116366 of Official Records. Matters contained therein affect: Parcels 9A and 9B. 92. A Claim of Mechanic's Lien by Rowan Electric, in the amount of $ 1,443,219.41 and any other amounts due thereunder, recorded January 13, 2023, as Instrument No. 2023-0010644 of Official Records. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Riverside Case No.: CVPS2301769 Nature of Action: foreclose said lien Plaintiff/Petitioner: Rowan, Incorporated, a California corporation doing business as Rowan Electric Defendant/Respondent: R.D. Olson Construction, Inc., a California corporation; SilverRock Loading, LLC, a Delaware limited liability company, SilverRock Phase I, LLC, a Delaware limited liability company; SilverRock Development Company, LLC, a Delaware limited liability company, SilverRock Lifestyle Residences, LLC, a Delaware limited liability company; SilverRock Luxury Residences, LLC, a Delaware limited liability company; The Robert Green Company, a California corporation; and Does 1-200, inclusive Recorded: April 24, 2023, as Instrument No.:2023-0116367 of Official Records. Matters contained therein affect: Parcels 9A and 9B. 93. Pending court action / Notice of Lis Pendens recorded March 14, 2023 as Instrument No. 2023- 0072969 of Official Records Plaintiff : L&W Supply Corporation, a Delaware Corporation Defendant : Premier Contractors, Inc., a California corporation; Stephen Bello, an individual; SilverRock Development Company, LLC, a Delaware limited liability company; SilverRock Lodging, LLC, a Delaware limited liability company; and Does 1 through 100 inclusive Case/Docket No: DVPS2301125 Matters contained therein affect: Parcel 6. 94. Pending court action / Notice of Lis Pendens recorded March 7, 2023, as Instrument No. 2023- 0065253 of Official Records Plaintiff : L2 Specialties, Inc., a California corporation Defendant : R. D. Olson Construction, Inc., a California corporation; Silverrock Lodging, LLC, a Delaware limited liability company; Silverrock Phase I, LLC, a Delaware limited liability company; Silverrock Development Company, LLC, a Delaware limited liability company, The Robert Green Company, a California corporation Order No.: 2306435 Preliminary Report Page 57 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 59 of 91 Case/Docket No: CVPS2300561 Matters contained therein affect: Parcel 6. 95. A Claim of Mechanic's Lien by White's Steel, Inc., in the amount of $8,098.90, and any other amounts due thereunder, recorded March 8, 2023 as Instrument No. 2023-0066291 of Official Records. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Riverside Case No.: CVPS2302374 Nature of Action: foreclose said lien Plaintiff/Petitioner: White's Steel, Inc., a California corporation Defendant/Respondent: R.D. Olson Construction, Inc., SilverRock Lodging, LLC, The Robert Green Company, SilverRock Development Company, Poppy Bank Cyprus Point Holdings, LLC and DOES 1 through 50, inclusive Recorded: May 24, 2023 as Instrument No.:2023-0148904 of Official Records. Matters contained therein affect: Parcel 4. 96. A Claim of Mechanic's Lien by White's Steel, Inc., in the amount of $104,607.78, and any other amounts due thereunder, recorded March 8, 2023 as Instrument No. 2023-0066292 of Official Records Matters contained in document entitled Amended Claim of Mechanics Lien by White's Steel, Inc., recorded April 3, 2023, as Instrument No. 2023-0094797 of Official Records. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Riverside Case No.: CVPS2302374 Nature of Action: foreclose said lien Plaintiff/Petitioner: White's Steel, Inc., a California corporation Defendant/Respondent: R.D. Olson Construction, Inc., SilverRock Lodging, LLC, The Robert Green Company, SilverRock Development Company, Poppy Bank Cyprus Point Holdings, LLC and DOES 1 through 50, inclusive Recorded: May 24, 2023 as Instrument No.:2023-0148904 of Official Records. Matters contained therein affect: Parcel 4. 97. A Claim of Mechanic's Lien by White's Steel, Inc., in the amount of $247,892.64, and any other amounts due thereunder, recorded March 8, 2023, as Instrument No. 2023-0066293 of Official Records. Matters contained in document entitled Amended Claim of Mechanics Lien by White's Steel, Inc., recorded April 3, 2023, as Instrument No. 2023-0094798 of Official Records. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Riverside Case No.: CVPS2302374 Nature of Action: foreclose said lien Plaintiff/Petitioner: White's Steel, Inc., a California corporation Defendant/Respondent: R.D. Olson Construction, Inc., SilverRock Lodging, LLC, The Robert Green Company, SilverRock Development Company, Poppy Bank Cyprus Point Holdings, LLC and DOES 1 through 50, inclusive Recorded: May 24, 2023, as Instrument No.:2023-0148904 of Official Records. Matters contained therein affect: Parcel 6. Order No.: 2306435 Preliminary Report Page 58 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 60 of 91 98. Pending court action / Notice of Lis Pendens recorded March 14, 2023, as Instrument No. 2023- 0072969 of Official Records Plaintiff : L & W Supply Corporation, a Delaware corporation Defendant : Premier Contractors, Inc., a California corporation; Stephen Bello, an individual; Silverrock Development Company, LLC, a Delaware limited liability company; Silverrock Lodging, LLC, a Delaware limited liability company Case/Docket No: CVPS2301125 Matters contained therein affect: Parcel 6. 99. Pending court action / Notice of Lis Pendens recorded April 12, 2023, as Instrument No. 2023- 0103819 of Official Records Plaintiff : Division 7 Services, Inc., a California corporation Defendant : SilverRock Lodging, LLC; R.D. Olson Construction, Inc.; and Does 1 through 100, Inclusive Case/Docket No: CVPS2300781 Matters contained therein affect: Parcel 6. 100. Pending court action / Notice of Lis Pendens recorded June 9, 2023 as Instrument No. 2023- 0165511 of Official Records Plaintiff : Trimark Raygal, LLC, a California limited liability company Defendant : Silverrock Lodging, LLC, a Delaware limited liability company; Silverrock Phase I, LLC, a Delaware limited liability company; Silverrock Development Company, LLC, a Delaware limited liability company; R.D. Olson Construction, Inc., a California corporation; The Robert Green Company, a California corporation Case/Docket No: CVRI2302387 Matters contained therein affect: Parcels 4, 6 and 9. 101. Pending court action / Notice of Lis Pendens recorded May 10, 2023, as Instrument No. 2023- 0133834 of Official Records Plaintiff : J. Ginger Masonry, LP, Defendant : R.D. Olson Construction, Inc., a California corporation; SilverRock Lodging, LLC, a Delaware limited liability company; and Does 4-600, inclusive Case/Docket No: CVPS2301956 Matters contained therein affect: Parcel 6. 102. Pending court action / Notice of Lis Pendens recorded July 3, 2023, as Instrument No. 2023- 0193153 of Official Records Plaintiff : The Siess Companies, Inc., DBA Complete Door Systems Defendant : R.D. Olson Construction, Inc., a California corporation; SilverRock Lodging, LLC, a Delaware limited liability company; Mosaic SilverRock, LLC, a limited liability company; Mosaic Real Estate Investors, LLC, limited liability company; and Does 1 through 100, inclusive Case/Docket No: CVPS2303089 Matters contained therein affect: Parcel 6. 103. A Claim of Mechanic's Lien by California Specialty Insulation, Inc., in the amount of $84,059.00, and any other amounts due thereunder, recorded July 6, 2023 as Instrument No. 2023-0196916 of Official Records. Matters contained therein affect: Parcel 6. 104. A Claim of Mechanic's Lien by Waterworks and/or Fire Protection Materials (Materials), in the amount of $2,536.97, and any other amounts due thereunder, recorded July 11, 2023, as Order No.: 2306435 Preliminary Report Page 59 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 61 of 91 Instrument No. 2023-0200989 of Official Records. Matters contained therein affect: Parcel 9A and 9B. 105. A Claim of Mechanic's Lien by MSA Consulting, Inc., in the amount of $62,018.08 and any other amounts due thereunder, recorded July 28, 2023, as Instrument No. 2023-0220334 of Official Records. Matters contained therein affect: Parcels 8, 9A and 9B. 106. A Claim of Mechanic's Lien by BAR Architects & Interiors, in the amount of $114,448.79 and any other amounts due thereunder, recorded February 15, 2024 as Instrument No. 2024- 0042826 of Official Records. Matters contained therein affect: Parcel 8. 107. A Claim of Mechanic's Lien by Rowan Electric, in the amount of $241,800.900, and any other amounts due thereunder, recorded February 28, 2024, as Instrument No. 2024-0055342 of Official Records. Matters contained therein affect: Parcel 4. Matters contained in document entitled Amended Mechanics Lien recorded March 22, 2024, as Instrument No. 2024-0085117, of Official Records. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Superior Court of the State of California County of Riverside - Palm Springs Courthouse Case No.: CVPX2402642 Nature of Action: Notice of Lis Pendens Plaintiff/Petitioner: Rowan, Incorporated, a California corporation; doing business as Rowan Electric, a California corporation Defendant/Respondent: Robert Green Residential, Inc., a California corporation; Silverrock Lodging, LLC, a Delaware limited liability company; Siverrock Phase I, LLC, a Delaware limited liability company and DOES 1-100, inclusive Recorded: May 2, 2024 as Instrument No.:2024-0128788 of Official Records. 108. A Claim of Mechanic's Lien by General Contracting Services to Complete The Montage Hotel Guestrooms in La Quinta, in the amount of $383,584.00, and any other amounts due thereunder, recorded April 25, 2024 as Instrument No. 2024-0120655 of Official Records. Matters contained therein affect: Parcel 6. The following matters Affect Parcel 10 109. INTENTIONALLY DELETED 110. INTENTIONALLY DELETED 111. INTENTIONALLY DELETED 112. INTENTIONALLY DELETED 113. INTENTIONALLY DELETED 114. INTENTIONALLY DELETED 115. INTENTIONALLY DELETED Order No.: 2306435 Preliminary Report Page 60 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 62 of 91 116. INTENTIONALLY DELETED 117. INTENTIONALLY DELETED 118. INTENTIONALLY DELETED 119. INTENTIONALLY DELETED INTENTIONALLY DELETED 120. INTENTIONALLY DELETED The followng matters affect Parcel 11 121. INTENTIONALLY DELETED 122. INTENTIONALLY DELETED 123. INTENTIONALLY DELETED 124. INTENTIONALLY DELETED 125. INTENTIONALLY DELETED 126. INTENTIONALLY DELETED 127. INTENTIONALLY DELETED 128. INTENTIONALLY DELETED 129. INTENTIONALLY DELETED INTENTIONALLY DELETED 130. INTENTIONALLY DELETED 131. INTENTIONALLY DELETED 132. INTENTIONALLY DELETED INTENTIONALLY DELETED 133. INTENTIONALLY DELETED 134. INTENTIONALLY DELETED 135. INTENTIONALLY DELETED THE FOLLOWING MATTERS AFFECT: PARCEL 1 THROUGH 9B.</strong> 136. A Claim of Mechanic's Lien by Vermillions Environmental Products & Applications by Easy Law Construction Notices, in the amount of $23,000.00, and any other amounts due thereunder, recorded June 12, 2024 as Instrument No. 2024-0170988. Matters contained therein affect: Parcels 4,5,6,7,8,9A and 9B. 137. A Claim of Mechanic's Lien by Joshua R. Frantz, in the amount of $29,048.48, and any other amounts due thereunder, recorded June 26, 2024 as Instrument No. 2024-0184831 . Matters contained therein affect: Parcels 3,6, and 8. Order No.: 2306435 Preliminary Report Page 61 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 63 of 91 138. A Claim of Mechanic's Lien by Sil Verrock Lifestyle Residences, LLC, in the amount of $1,551,584.82, and any other amounts due thereunder, recorded June 26, 2024 as Instrument No. 2024-0185233. Matters contained therein affect: Parcels 4,5,6,7, 9A and 9B. 139. INTENTIONALLY DELETED. 140. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $20,070,000.00 Dated : July 1, 2024 Trustor : SilverRock Development Company, LLC, a Delaware limited liability company Trustee : Chicago Title Company, a California corporation Beneficiary : Axia Talus, LLC, a Utah limited liability company Recorded : July 2, 2024 as Instrument No. 2024-0195411 of Official Records. Matters contained therein affect: Parcels 4,5,and 6 with other property 141. Financing Statement in favor of Axia Talus, LLC, recorded July 3, 2024 as Instrument No. 2024- 0196965 of Official Records. Matters contained therein affect: Parcels 4,5, and 6 with other property. 142. Pending court action / Notice of Lis Pendens recorded July 3, 2024 as Instrument No. 2024- 0198542 of Official Records Plaintiff : Industrial Commercial Systems, Inc. Defendant : Sillverrock Lodging, LLC, a Delaware limited liability company; and DOES 1 through 100, inclusive Case/Docket No: CVPS2403773 Matters contained therein affect: All Parcels. 143. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $5,900,000.00 for Kloiber, and $7,651,940.00 Dated : July 3, 2024 Trustor : SillverRock Development Company, LLC, a Delaware limited liability company Trustee : Chicago Title Company, a California corporation Beneficiary : Kloiber Real Estate Holdings, LLC ("Kloiber") and Robert S. Green Jr. an Individual ("Green") Recorded : July 5, 2024 as Instrument No. 2024-0199179 of Official Records. Matters contained therein affect: Parcel 8. 144. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $3,816,000.00 Dated : July 3, 2024 Trustor : RGC PA 789, LLC, a Delaware limited liability company Trustee : Chicago Title Company, a California corporation Beneficiary : Traub Family Revocable Trust dated January 22, 2015 Recorded : July 5, 2024 as Instrument No. 2024-0199180 of Official Records. Matters contained therein affect: Parcel 1. Order No.: 2306435 Preliminary Report Page 62 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 64 of 91 145. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $23,146,042.00 Dated : July 3, 2024 Trustor : RGC PA 789, LLC, a Delaware limited liability company Trustee : Chicago Title Company, a California corporation Beneficiary : George J. Heuser Revocable Trust ("Heuser"), SVR Capital Trust (Delzer"), Kurtin Family Trust ("Kurtin"), Kenneth and Theresa Green Family Trust ("Green"), Duclos F amily Revocable Trust ("Duclos"), Bryan D. Holker IRA ("Holker"), Diane Cimarusti ("Cimarusti"), Claire Fruhwirth Trust (Fruhwirth"), Jason Parr ("Parr"), Jonathan P. Fredricks ("Fredricks"), Mack Revocable Trust ("Mack"), Kevin and Lindy Welk ("Welk's"), LIMDP Living Family Trust ("Welk"), Eric Leitstein ("I eitstein"), Bill and Susan Hoehn Family Trust ("Hoehn"), and Richard & Lehn Goetz ("Goetz") Recorded : July 5, 2024 as Instrument No. 2024-0199181 of Official Records. Matters contained therein affect: Parcels 1, 2, and 3. 146. INTENTIONALLY DELETED 147. INTENTIONALLY DELETED 148. INTENTIONALLY DELETED 149. INTENTIONALLY DELETED 150. A Claim of Mechanic's Lien by Jack Roger Tracy, in the amount of $14,584.00, and any other amounts due thereunder, recorded July 17, 2024, as Instrument No. 2024-0211643. Matters contained therein affect: Parcels 1,2,4,5,6 and 8 151. A Claim of Mechanic's Lien by Bruce D. Maize, in the amount of $254,707.02, and any other amounts due thereunder, recorded July 29, 2024 as Instrument No. 2024-0225255. Matters contained therein affect: Parcels 1,2,4,5,6 and 8 152. A Claim of Mechanic's Lien by H&E Equipment Services, Inc., in the amount of $58,687.62, and any other amounts due thereunder, recorded August 2, 2024, as Instrument No. 2024-0231136. Matters contained therein affect: Parcels 1,2,4,5,6 and 8 A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Superior Court of The State of California for the County of Riverside Case No.: CVPS2405531 Nature of Action: Notice of Lis Pendens Plaintiff/Petitioner: H&E Equipment Services, Inc., a Delaware corporation Defendant/Respondent: Robert Green Residential, Inc., a California corporation; The Robert Green Company, a California corporation: Silverrock Phase I, LLC, a Delaware limited liability com any; Silverrock Development Company, LLG: Delaware limited liability company; Silverrock Lodging, LLC, a Delaware limited liability company; Silverrock Luxury Residences, LLC, a Delaware limited liability company; Sil Verrock Lifestyle Residences, LLC, a Delaware limited liability company: American Contractors Indemnity Company, a California corporation; and DOES 1 through 100, inclusive, Recorded: September 17, 2024 as Instrument No.:2024-0280580 of Official Records. 153. A Claim of Mechanic's Lien by Ashley Jernigan on behalf of J&B Materials, in the amount of $48,785.29, and any other amounts due thereunder, recorded August 8, 2024 as Instrument No. 2024-0236540. Order No.: 2306435 Preliminary Report Page 63 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 65 of 91 Matters contained therein affect: Parcel 4. 154. A Claim of Mechanic's Lien by McGrath, in the amount of $45,000.00, and any other amounts due thereunder, recorded December 5, 2024, as Instrument No. 2024-0371688. Matters contained therein affect: Parcel 7. 155. INTENTIONALLY DELETED 156. INTENTIONALLY DELETED The following matters affect Parcel 12 157. Easement and rights incidental thereto for public utilities to Southern Sierras Power Company, as set forth in a document recorded February 24, 1926 in Book 664, Page 337 of Deeds. 158. Easement and rights incidental thereto for pole lines to Southern Sierras Power Company, as set forth in a document recorded March 28, 1929 in Book 804, Page 100 of Deeds. 159. Easement and rights incidental thereto for public utilities to Nevada -California Electric Company, as set forth in a document recorded December 21, 1937 in Book 353, Rlge 282 of Official Records. 160. Matters contained in document entitled Deed by and between KSL Land Holdings, Inc., a Delaware corporation and La Quinta Redevelopment Agency, a public body corporate and politic recorded June 27, 2002 as Instrument No. 2002-352579 of Official Records. and Re -Recording Date: January 31, 2008 and Re -Recording No: 2008-0050168 of Official Records. 161. Matters contained in document entitled Notice of Discontinue Use of Easements Boulder Canyon Project, All American Canal System, Coachella Division, California by and between United States of America, et al recorded December 6, 2004 as Instrument No 2004-0967905 of Official Records. 162. Easement and rights incidental thereto for public utilities to Southern California Gas Company, a corporation, its successors and/or assigns, as set forth in a document recorded April 28, 2005 as Instrument No. 2005-0337291 of Official Records. 163. Matters contained in document entitled Domestic Water and Sanitation System Installation and Irrigation System Agreement by and between Coachella Valley Water District, a public energy of the State of California and La Quinta Redevelopment Agency, a public agency of the State of California recorded October 14, 2005 as Instrument No. 2005-0852063 of Official Records. 164. Rights of the successor agency(ies) as to matters contained in the project plan recorded October 4, 2007 as Instrument No. 2007-0619749, of Official Records. 165. Matters as shown on the Parcel Map filed in Book 224, Pages 24 through 39, of Maps which cites, among other things, the following: (1) storm drain and lake leveling 166. Matters contained in document entitled Development Agreement 2014-1001 Approved by Ordinance No. 520 by and between City of La Quinta and SilverRock Development Company, LLC recorded December 18, 2014 as Instrument No. 2014-0484106 of Official Records. 167. Matters contained in document entitled Agreement Regarding Real Property by and between Coachella Valley Water District, a public agency of the State of California and City of La Quinta, Order No.: 2306435 Preliminary Report Page 64 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 66 of 91 a California municipal corporation and Charter City recorded June 1, 2017 as Instrument No. 2017-0218005 of Official Records. 168. Matters as shown on the Parcel Map No. 37207 filed in Book 242, Pages 72 through 87 of Maps which cites, among other things, the following: (1) public utility purposes 169. Matters contained in document entitled Grant Deed (Phase 1A-Property-PSDA Amendment No. 2) by and between The City of La Quinta, a California municipal corporation and Charter City and SilverRock Development Company, LLC, a Delaware limited liability company recorded November 6, 2017 as Instrument No. 2017-0463950 of Official Records. 170. Matters contained in document entitled Memorandum of Purchase, Sale and Development Agreement (Phase 1A Property - PSDA Amendment No. 2) by and between City of La Quinta, a California municipal corporation and Charter City and SilverRock Development Company, LLC, a Delaware limited liability Company recorded November 6, 2017 as Instrument No. 2017- 0463953 of Official Records. Matters contained in document entitled Amendment to Memorandum of Purchase, Sale and Development Agreement (Phase 1A Property - PSDA Amendment No. 2) by and between City of La Quinta, a California municipal corporation and Charter City and SilverRock Development Company, LLC, a Delaware limited liability Company recorded November 28, 2018 as Instrument No. 2018-0464672 of Official Records. 171. Matters contained in document entitled Covenant Affecting Real Property (Perimeter Landscaping and Trails) recorded May 11, 2017 as Instrument No. 2017-0189266 of Official Records. 172. Matters contained in document entitled Covenant Affecting Real Property (Ahmanson Ranch House) recorded May 11, 2017 as Instrument No. 2017-0189769 of Official Records. 173. Matters contained in document entitled Option Agreement Phase 1A Property & Phase 1B Property (Excluding Planning Areas 7, 8 and 9) and Termination of Prior Phase 1A Option Agreement by and between SilverRock Phase 1, LLC, a Delaware limited liability company and The City of La Quinta, a California municipal corporation and Charter City recorded November 28, 2018 as Instrument No. 2018-0464676 of Official Records. 174. Easement and rights incidental thereto for public utilities to Coachella Valley Water District, as set forth in a document recorded June 20, 2019 as Instrument No. 2019-0223408 of Official Records. 175. Matters contained in document entitled Special Domestic Water System, Sanitation System, and Irrigation System Modification Installation Agreement by and between Coachella Valley Water District, a California municipal corporation, City of La Quinta, a California Municipal corporation and SilverRock Phase I, LLC, a Delaware limited liability company recorded September 13, 2019 as Instrument No. 2019-0359003 of Official Records. Matters contained in document entitled First Amendment to Special Domestic Water System, Sanitation System, and Irrigation System Modification Installation Agreement by and between Coachella Valley Water District, a California municipal corporation, City of La Quinta, a California Municipal corporation and SilverRock Phase I, LLC, a Delaware limited liability company recorded October 31, 2019 as Instrument No. 2019-0443397 of Official Records. 176. Matters contained in document entitled Standard Domestic Water System and Sanitation System Installation Agreement by and between Coachella Valley Water District, a California municipal corporation, City of La Quinta, a California Municipal corporation and SilverRock Phase I, LLC, a Delaware limited liability company recorded July 9, 2020 as Instrument No. 2020-0301013 of Official Records. Order No.: 2306435 Preliminary Report Page 65 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 67 of 91 177. Easement and rights incidental thereto for public utilities to Coachella Valley Water District, a public agency of the State of California, as set forth in a document recorded August 3, 2020 as Instrument No. 2020-0347647 of Official Records. 178. Matters as shown on the Parcel Map No. 37207 filed in Book 242, Pages 72 through 87 of Maps, together with any provisions and recitals contained therein. 179. Matters as shown on the Tract Map No. 37730 filed in Book 479, Pages 27-33 of Maps, together with any provisions and recitals contained therein. 180. Matters as shown on the Tract Map No. 37730 filed in Book 479, Pages 27-33, of Maps which cites, among other things, the following: (1) Ingress and egress of service and emergency vehicles and personal purposes 181. Matters as shown on the Tract Map No. 37730 filed in Book 479, Pages 27-33, of Maps which cites, among other things, the following: (1) 5' and 11' public utility easements Affect: Lots 1 through 29 and Lettered Lots E, G, I, and L 182. Recitals as shown on that certain map of Tract No. 37730, recorded in Book 479, Pages 27 through 33, inclusive of Maps. Which among other things recites: Lot A being retained for private street purposes; Lot B being retained for access purposes; Lot C being retained for emergency access purposes; Lot D being retained for landscape, emergency access and open space purposes; Lots E through K, inclusive, being retained for landscape open space purposes; Lot L, being retained for landscape and drainage purposes 183. Matters as shown on the Tract Map No. 37730 filed in Book 479, Pages 27-33, of Maps which cites, among other things, the following: (1) For Domestic water and sanitation purposes 184. An unrecorded lease with certain terms, covenants, conditions and provisions set forth therein as disclosed by the document Entitled: Quitclaim Deed & Memorandum of Ground Lease Dated: October 21, 2021 Executed by: Silverrock Phase I, LLC, a Delaware limited liability company, Silverrock Development Company, a Delaware limited liability company, Silverrock Lodging, a Delaware limited liability company, Silverrock Luxury Residences, a Delaware limited liability company and Silverrock Lifestyle Residences, a Delaware limited liability company Recording Date: October 25, 2021 Recording No: 2021-0628129 of Official Records. 185. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $40,000,000.00 Dated : October 21, 2021 Trustor : SilverRock Development Company, LLC, a Delaware limited liability company Trustee : Fidelity National Title Builder Services Beneficiary : Poppy Bank Recorded : October 25, 2021 as Instrument No. 2021-0628130 of Official Records. Said Deed of Trust has been partially reconveyed/released by instrument Recording Date: May 1, 2023 Order No.: 2306435 Preliminary Report Page 66 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 68 of 91 Recording No: 2023-0122688 of Official Records Matters contained therein affect: Lots 6,7,8,13,17,20,21,22,23,24,25 and 26. Substitution of trustee naming Redwood Trust Deed Services, Inc., as trustee, recorded May 5, 2023 as Instrument No. 2023-0130214 of Official Records. Notice of default recorded May 5, 2023 as Instrument No. 2023-0130215 of Official Records. Notice of trustee's sale recorded May 6, 2024 as Instrument No. 2024-0131108 of Official Records. 186. Matters contained in document entitled Grant of Easement recorded November 23, 2021 as Instrument No. 2021-0697436 of Official Records. 187. Matters contained in document entitled Standard Domestic Water System and Sanitation System Installation Agreement recorded November 23, 2022 as Instrument No. 2022-002191.9 of Official Records. 188. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $17,057,896.23 Dated : November 22, 2022 Trustor : SilverRock Development Company, LLC, a Delaware limited liability company and SilverRock Development Company, LLC, a Delaware limited liability company Trustee : Fidelity National Title -Builder Services Beneficiary : Construction Loan Services II, LLC, a Washington limited liability company Recorded : November 28, 2022 as Instrument No. 2022-0482949 of Official Records. Matters contained therein affect: Lots 6, 7, 25, 26, 1, 2, 3, 4, 5 and 9. Said instrument has been assigned by mesne assignments of record, the last assignment of which recorded July 18, 2024 as Instrument No. 2024-0213050 of Official Records. 189. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $14,412,133.45 Dated : November 22, 2022 Trustor : SilverRock Development Company, LLC, a Delaware limited liability company and SilverRock Development Company, LLC, a Delaware limited liability company Trustee : Fidelity National Title - Builder Servies Beneficiary : Construction Loan Services II, LLC, a Washington limited liability company Recorded : November 28, 2022 as Instrument No. 2022-0482683 of Official Records. Matters contained therein affect: Lots 8, 22, 23, 24 and 10, 11, 12, 15, 16 and 18. Said instrument has been assigned by mesne assignments of record, the last assignment of which recorded July 17, 2024 as Instrument No. 2024-0212764 of Official Records. 190. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $16,680,383.94 Dated : November 22, 2022 Trustor : SilverRock Development Company, LLC, a Delaware limited liability company and SilverRock Development Company, LLC, a Delaware limited liability company Trustee : Fidelity National Title - Builder Services Beneficiary : Construction Loan Services II, LLC, a Washington limited liability company Order No.: 2306435 Preliminary Report Page 67 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 69 of 91 Recorded : November 28, 2022 as Instrument No. 2022-0482451 of Official Records. Matters contained therein affect: Lots 13, 14, 17, 20, 21 and 19, 27, 28 and 29. Said instrument has been assigned by mesne assignments of record, the last assignment of which recorded July 24, 2024 as Instrument No. 2024-0220357 of Official Records. 191. A Claim of Mechanic's Lien by Executive Landscape Inc., in the amount of $47,900.00, and any other amounts due thereunder, recorded March 12, 2024 as Instrument No. 2024-0068345 of Official Records. Matters contained therein affect: Lots 6-8, 13, 14, 17, 20-26. 192. A Claim of Mechanic's Lien by Teserra, a California corporation, in the amount of $55,597.50, and any other amounts due thereunder, recorded April 18, 2024 as Instrument No. 2024- 0113591 of Official Records. Matters contained therein affect: Lot 22. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Superior Court of California, County of Riverside Case No.: CVPS2403145 Nature of Action: Notice of Pendency Plaintiff/Petitioner: Teserra, a California corporation Defendant/Respondent: Robert S. Green Jr., an individual Robert Green Residential, Inc., a California corporation; SilverRock Luxury Residences, LLC, a Delaware Limited Liability Company; SilverRock Phase 1, LLC, a Delaware limited liability company; Mosaic Real Estate Credit LLC., A Delaware limited liability company; American Contractors Indemnity Company, a California corporation; Does 1 through 40, inclusive Recorded: May 29, 2024 as Instrument No.: 2024-0155147 of Official Records. 193. A Claim of Mechanic's Lien by Teserra, a California corporation, in the amount of $52,636.50, and any other amounts due thereunder, recorded April 18, 2024 as Instrument No. 2024 0113592. Matters contained therein affect: Lot 23. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Superior Court of California, County of Riverside Case No.: CVPS2403145 Nature of Action: Notice of Pendency Plaintiff/Petitioner: Teserra, a California corporation Defendant/Respondent: Robert S. Green Jr., an individual Robert Green Residential, Inc., a California corporation; SilverRock Luxury Residences, LLC, a Delaware Limited Liability Company; SilverRock Phase 1, LLC, a Delaware limited liability company; Mosaic Real Estate Credit LLC., A Delaware limited liability company; American Contractors Indemnity Company, a California corporation; Does 1 through 40, inclusive Recorded: May 29, 2024 as Instrument No.: 2024-0155149 of Official Records. 194. A Claim of Mechanic's Lien by Teserra, a California corporation, in the amount of $55,597.50, and any other amounts due thereunder, recorded April 18, 2024 as Instrument No. 2024- 0113593 of Official Records. Matters contained therein affect: Lot 24. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Superior Court of California, County of Riverside Order No.: 2306435 Preliminary Report Page 68 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 70 of 91 Case No.: CVPS2403145 Nature of Action: Notice of Pendency Plaintiff/Petitioner: Teserra, a California corporation Defendant/Respondent: Robert S. Green Jr., an individual Robert Green Residential, Inc., a California corporation; SilverRock Luxury Residences, LLC, a Delaware Limited Liability Company; SilverRock Phase 1, LLC, a Delaware limited liability company; Mosaic Real Estate Credit LLC., A Delaware limited liability company; American Contractors Indemnity Company, a California corporation; Does 1 through 40, inclusive Recorded: May 29, 2024 as Instrument No.: 2024-0155146 of Official Records. 195. A Claim of Mechanic's Lien by Teserra, a California corporation, in the amount of $52,636.50, and any other amounts due thereunder, recorded April 18, 2024 as Instrument No. 2024- 0113594 of Official Records. Matters contained therein affect: Lot 25. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Superior Court of California, County of Riverside Case No.: CVPS2403145 Nature of Action: Notice of Pendency Plaintiff/Petitioner: Teserra, a California corporation Defendant/Respondent: Robert S. Green Jr., an individual Robert Green Residential, Inc., a California corporation; SilverRock Luxury Residences, LLC, a Delaware Limited Liability Company; SilverRock Phase 1, LLC, a Delaware limited liability company; Mosaic Real Estate Credit LLC., A Delaware limited liability company; American Contractors Indemnity Company, a California corporation; Does 1 through 40, inclusive Recorded: May 29, 2024 as Instrument No.: 2024-0155148 of Official Records. 196. A Claim of Mechanic's Lien by Teserra, a California corporation, in the amount of $52,636.50, and any other amounts due thereunder, recorded April 18, 2024 as Instrument No. 2024- 0113595 of Official Records. Matters contained therein affect: Lot 26. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Superior Court of California, County of Riverside Case No.: CVPS2403145 Nature of Action: Notice of Pendency Plaintiff/Petitioner: Teserra, a California corporation Defendant/Respondent: Robert S. Green Jr., an individual Robert Green Residential, Inc., a California corporation; SilverRock Luxury Residences, LLC, a Delaware Limited Liability Company; SilverRock Phase 1, LLC, a Delaware limited liability company; Mosaic Real Estate Credit LLC., A Delaware limited liability company; American Contractors Indemnity Company, a California corporation; Does 1 through 40, inclusive Recorded: May 29, 2024 as Instrument No.: 2024-0155150 of Official Records. 197. A Claim of Mechanic's Lien by Ultimate Communication Systems, in the amount of $72,298.25, and any other amounts due thereunder, recorded April 30, 2024 as Instrument No. 2024- 0125331 of Official Records. Matters contained therein affect: Lots 6, 7, 8, 22, 23, 24, 25, 26. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Superior Court of California, County of Riverside Case No.: CVPS2403638 Nature of Action: Notice of Pending Action Plaintiff/Petitioner: RJB Enterprises Inc. dba Ultimate Communication Systems, a California Order No.: 2306435 Preliminary Report Page 69 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 71 of 91 corporation Defendant/Respondent: Robert Green Residential, Inc., a California corporation; SilverRock Luxury Residences, LLC, a Delaware limited liability company; SilverRock Development Company, LLC, a Delaware limited liability company; Construction Loan Services II, LLC, a Washington limited liability company; American Contractors Indemnity Company, a California corporation, DOES 1 through 20, inclusive Recorded: June 27, 2024 as Instrument No.: 2024-0187091 of Official Records. 198. A Claim of Mechanic's Lien by Al Miller & Sons Roofing Co., Inc., in the amount of $181,593.30, and any other amounts due thereunder, recorded May 24, 2024 as Instrument No. 2024- 0151217 of Official Records. Matters contained therein affect: Lots 6, 8, 22, 23, 24, 25, 26, 13, 14, 17, 20 and 21. 199. A Claim of Mechanic's Lien by 20/20 Plumbing and Heating, Inc., in the amount of $776,261.00, and any other amounts due thereunder, recorded May 31, 2024 as Instrument No. 2024- 0158702 of Official Records. Matters contained therein affect: Lots 6-8, 13-14, 17, 20-26. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Superior Court of California, County of Riverside Case No.: CVPS2404811 Nature of Action: Lis Pendens Plaintiff/Petitioner: 20/20 Plumbing & Heating, Inc. Defendant/Respondent: Robert Green Residential, Inc.; SilverRock Luxury Residences, LLC; Mosaic Real Estate Credit, LLC; and Does 1 to 20, inclusive Recorded: September 3, 2024 as Instrument No.:2024-0264441 of Official Records. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Superior Court of California, County of Riverside Case No.: CVPS-2404811 Nature of Action: Lis Pendens Plaintiff/Petitioner: 20/20 Plumbing & Heating, Inc. Defendant/Respondent: Robert Green Residential, Inc.; SilverRock Luxury Residences, LLC; Mosaic Real Estate Credit, LLC; and Does 1 to 20, inclusive Recorded: November 27, 2024 as Instrument No.: 2024 0364675 of Official Records. 200. A Claim of Mechanic's Lien by Vermillions Environmental Products & Applications by Easy Law Construction Notices, in the amount of $23,000.00, and any other amounts due thereunder, recorded June 12, 2024 as Instrument No. 2024-0170988. Matters contained therein affect: All of Parcel 12. 201. A Claim of Mechanic's Lien by Executive Landscape Inc., in the amount of $47,900.00, and any other amounts due thereunder, recorded June 24, 2024 as Instrument No. 2024-0181304. Matters contained therein affect: Lots 6-8, 13, 14, 17, 20-26.. 202. A Claim of Mechanic's Lien by Joshua R. Frantz, in the amount of $29,048.48, and any other amounts due thereunder, recorded June 26, 2024 as Instrument No. 2024-0184831. Matters contained therein affect: All of Parcel 12. 203. Deed of Trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby: Amount : $1,446,086.00; $7,015,701.00; $749,559.00; $7,169,256.00; $2,109,250.00; Order No.: 2306435 Preliminary Report Page 70 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 72 of 91 $2,473,066.00 Dated : July 3, 2024 Trustor : SilverRock Development Company, LLC, a Delaware limited liability company Trustee : Chicago Title Company, a Califomia corporation Beneficiary : Parekh Family Trust, McCoy Revocable Trust, Billings Realty, LLC, Geroge J. Heuser Revocable Trust, Robert S. Green Jr., an individual and Eric Beranek and Hector Daniel Beranek, as individuals Recorded : July 5, 2024 as Instrument No. 2024-0199178 of Official Records. Matters contained therein affect: Lots 1-29 and Lettered Lots A through L, with other property. 204. INTENTIONALLY DELETED 205. INTENTIONALLY DELETED 206. A Claim of Mechanic's Lien by Jack Roger Tracy, in the amount of $14,584.00, and any other amounts due thereunder, recorded July 17, 2024 as Instrument No. 2024-0211643 Matters contained therein affect: All of Parcel 12. 207. A Claim of Mechanic's Lien by Cockrell Electric Inc., in the amount of $115,623.00, and any other amounts due thereunder, recorded July 17, 2024 as Instrument No. 2024-0212612. Matters contained therein affect: Lots 6, 7, 8, 13, 14, 17, 20, 21, 22, 23, 24, 25, 26. 208. A Claim of Mechanic's Lien by Bruce D. Maize, in the amount of $254,707.02, and any other amounts due thereunder, recorded July 29, 2024 as Instrument No. 2024-0225255. Matters contained therein affect: All of Parcel 12. 209. A Claim of Mechanic's Lien by H&E Equipment Services, Inc., in the amount of $58,687.62, and any other amounts due thereunder, recorded August 2, 2024 as Instrument No. 2024-0231136. Matters contained therein affect: All of Parcel 12. A Notice of Pendency of Action or Lis Pendens as follows: Court (including County): Superior Court of California, County of Riverside Case No.: CVPS2405531 Nature of Action: Notice of Lis Pendens Plaintiff/Petitioner: H& E Equipment Services, Inc., a Delaware corporation Defendant/Respondent: Robert Green Residential, Inc., a California corporation; The Robert Green Company, a California corporation; SilverRock Phase I, LLC, a Delaware limited liability company; SilverRock Development Company, LLC, a Delaware limited liability company; SilverRock Lodging, LLC, a Delaware limited liability company; SilverRock Luxury Residences, LLC, a Delaware limited liability company; SilverRock Lifestyle Residences, LLC, a Delaware limited liability company; American Contractors Indemnity Company, a California corporation; and Does 1 through 100, inclusive Recorded: September 17, 2024 as Instrument No.: 2024-0280580 of Official Records. THE FOLLOWING MATTERS AFFECT ALL PARCELS : 210. Bankruptcy proceedings filed by SilverRock Development Company LLC, RGC PA 789, LLC, SilverRock Lifestyle Residences, LLC, SilverRock Lodging, LLC, SilverRock Luxury Residences, LLC, SilverRock Phase 1, LLC, Debtor, pending in the United States Bankruptcy Court for the District of Delaware, Case No. 24-11647 ( MFW) ; filed on August 5, 2024. Order No.: 2306435 Preliminary Report Page 71 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 73 of 91 211. Matters contained in that certain Final Order (I) Authorizing the Debtors to obtain postpetition Secured Financing , (II) Granting Priming Liens and Superpriority Administrative Expense Status, and ( III ) Granting Related Relief , Case No. 24-11647 ( MFW), filed August 5, 2024 and as amended. 212. A reservation of all oil, gas, hydrocarbon substances, and minerals of every kind and character Tying more than five hundred (500) feet below the surface, together with the right to drill into, through, and to use and occupy all parts of the Phase 1A property lying more than five hundred (500) feet below the surface thereof for any and all purposes incidental to the exploration for and production of oil, gas, hydrocarbon substances or minerals from said Phase 1A property or other lands, but without, however, any right to use either the surface from said Phase 1A property or any portion thereof within five hundred (500) feet of the surface for any purpose or purposes whatsoever, or to use the Phase 1A property in such a manner as to create a disturbance to the use or enjoyment of the Phase 1A property, as reserved by the City of La Quinta, a California Municipal Corporation and Charter City, in the Grant Deed recorded November 28, 2018, as Instrument No. 2018-0464674 and recorded November 6, 2017, as Instrument No. 2017-0463950, both of Official Records. Stewart Title Guaranty Company and its issuing agent make no representation as to the present ownership of any such interests. There may be leases, grants, assignments, exceptions, or reservations of interests that are not listed. 213. A Claim of Mechanic's Lien by The Robert Green Company, in the amount of $2,216,359.00, and any other amounts due thereunder, recorded January 31, 2025 as Instrument No. 2025- 0032062 of Official Records. 214. A Claim of Mechanic's Lien by The Robert Green Company, in the amount of $933,063.00, and any other amounts due thereunder, recorded January 31, 2025 as Instrument No. 2025- 0032066 of Official Records. Matters contained therein affect: Parcel 12. 215. A Claim of Mechanic's Lien by Robert Green Residential, Inc., in the amount of $1,427,747.00, and any other amounts due thereunder, recorded January 31, 2025 as Instrument No. 2025- 0032067 of Official Records. Matters contained therein affect: Parcel 6. 216. A Claim of Mechanic's Lien by Robert Green Residential, Inc., in the amount of $3,550,240.00, and any other amounts due thereunder, recorded February 3, 2025 as Instrument No. 2025 0033384 of Official Records. Matters contained therein affect: Parcel 12. 217. A Claim of Mechanic's Lien by The Robert Green Company, in the amount of $995,419.00, and any other amounts due thereunder, recorded February 3, 2025 as Instrument No. 2025- 0033385 of Official Records. Matters contained therein affect: Parcel 6 and 7. 218. A Claim of Mechanic's Lien by The Robert Green Company, in the amount of $36,716.00, and any other amounts due thereunder, recorded February 3, 2025 as Instrument No. 2025 0033388 of Official Records. Matters contained therein affect: Parcels 6 amd 7. 219. A Claim of Mechanic's Lien by The Robert Green Company, in the amount of $395,511.00, and any other amounts due thereunder, recorded February 3, 2025 as Instrument No. 2025 Order No.: 2306435 Preliminary Report Page 72 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 74 of 91 0033411 of Official Records. Matters contained therein affect: Parcel 8. 220. A Claim of Mechanic's Lien by The Robert Green Company, in the amount of $396,631.00, and any other amounts due thereunder, recorded February 3, 2025 as Instrument No. 2025- 0033426 of Official Records. Matters contained therein affect: Parcel 9A. 221. A Claim of Mechanic's Lien by F J Zam Company, in the amount of $111,612.00, and any other amounts due thereunder, recorded February 18, 2025 as Instrument No. 2025-0048221 of Official Records. 222. A Claim of Mechanic's Lien by F J Zam Company, in the amount of $62,689.00, and any other amounts due thereunder, recorded February 18, 2025 as Instrument No. 2025-0048228 of Official Records. (End of Exceptions) Order No.: 2306435 Preliminary Report Page 73 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 75 of 91 NOTES AND REQUIREMENTS A. Intentionally deleted. B. Intentionally deleted. C. Intentionally deleted. D. Intentionally deleted. E. INTENTIONALLY DELETED F. In order to insure a conveyance, acquisition or encumbrance by the foreign liability company named below, you must provide the following: Limited liability company: SilverRock Land II, LLC (a) Evidence that the limited liability company was duly formed in its home state, is in good standing and its right to do business has not been suspended for any reason. (b) Original certified copies of the limited liability company application for registration (Form LLC- 5) filed with the California Secretary of State and any filed amendment (Form LLC-6), if any. (c) A copy of the operating agreement and any amendment thereto. Additional requirements or items may be requested upon review of the required documents set forth above. G. In order to insure a conveyance, acquisition or encumbrance by the foreign liability company named below, you must provide the following: Limited liability company: RGC PA 789, LLC (a) Evidence that the limited liability company was duly formed in its home state, is in good standing and its right to do business has not been suspended for any reason. (b) Original certified copies of the limited liability company application for registration (Form LLC- 5) filed with the California Secretary of State and any filed amendment (Form LLC-6), if any. (c) A copy of the operating agreement and any amendment thereto. Additional requirements or items may be requested upon review of the required documents set forth above. H. In order to insure a conveyance, acquisition or encumbrance by the foreign liability company named below, you must provide the following: Limited liability company: SilverRock Development Company, LLC (a) Evidence that the limited liability company was duly formed in its home state, is in good standing and its right to do business has not been suspended for any reason. (b) Original certified copies of the limited liability company application for registration (Form LLC- 5) filed with the California Secretary of State and any filed amendment (Form LLC-6), if any. (c) A copy of the operating agreement and any amendment thereto. Additional requirements or items may be requested upon review of the required documents set forth above. I. In order to insure a conveyance, acquisition or encumbrance by the corporation or unincorporated association named below you must provide the following: Entity: City of La Quinta (a) A copy of the corporation By -Laws or Articles. (b) An original or certified copy of the Resolution authorizing the subject transaction. (c) If the By -Laws or Articles require approval by a "parent" organization, a copy of that entities' By -Laws or Articles. (d) If an unincorporated association, a statement pursuant to applicable law. Additional requirements or items may be requested upon review of the required documents set forth above. Order No.: 2306435 Preliminary Report Page 74 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 76 of 91 J. If you have knowledge of any other transfers or conveyances, please contact your title officer immediately for further research and review. The only transfers or conveyances shown in the Public Records within 24 months of the date of this report are: SilverRock Development Company, LLC, a Delaware limited liability company as Grantor and SilverRock Development Company, LLC, a Delaware limited liability company, as to an undivided fifty-seven and two -tenth percent (57.2%) interest, and SilverRock Land II, LLC, a Delaware limited liability company, as to an undivided forty-two and eight -tenths percent (42.8%) interest, as tenants -in -common as Grantee, recorded on April 13, 2023, as Instrument No. 2023-0105886, of Official Records. SilverRock Development Company, LLC, a Delaware limited liability company as Grantor and RGC PA 789, LLC, a Delaware limited liability company, as to an as Grantee, recorded on October 13, 2023, as Instrument No. 2023-0302966, of Official Records. SilverRock Development Company, LLC, a Delaware limited liability company, as Grantor and SilverRock Development Company, LLC, a Delaware limited liability company, as Grantee, recorded on May 4, 2023, as Instrument No. 2023-0128115, of Official Records. K. If an Owner's Policy of title insurance is requested, a CLTA Standard Coverage Owner's Policy will be issued unless instructed otherwise. If a different form of policy is desired, please contact your Title Officer. L. All Transactions - Seller(s) and Buyer(s) or Borrowers are provided, as attachments, the document entitled "Acknowledgement of Receipt, Understanding and Approval of STG Privacy Notice for Stewart Title Companies and Stewart's Affiliated Business Arrangement Disclosure Statement" and the individually or similarly named documents, for review and acknowledgment prior to closing. M. All Transactions - Buyer(s)/Seller(s)/Borrower(s) are provided the Preliminary Report for review and acknowledgment prior to closing. Buyer(s) approval shall include the Preliminary Report items that are to remain as exceptions to the title policy. N. All Transactions - Seller(s)/Owner(s) shall submit for review, prior to closing, a completed Stewart Title Guaranty Company's Owner's Affidavit and Indemnity. Order No.: 2306435 Preliminary Report Page 75 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 77 of 91 CALIFORNIA "GOOD FUNDS" LAW California Insurance Code Section 12413.1 regulates the disbursement of escrow and sub -escrow funds by title companies. The law requires that funds be deposited in the title company escrow account and available for withdrawal prior to disbursement. Funds received by Stewart Title of California, Inc. via wire transfer may be disbursed upon receipt. Funds received via cashier s checks or teller checks drawn on a California Bank may be disbursed on the next business day after the day of deposit. If funds are received by any other means, recording and/or disbursement may be delayed, and you should contact your title or escrow officer. All escrow and sub -escrow funds received will be deposited with other escrow funds in one or more non -interest bearing escrow accounts in a financial institution selected by Stewart Title of California, Inc.. Stewart Title of California, Inc. may receive certain direct or indirect benefits from the financial institution by reason of the deposit of such funds or the maintenance of such accounts with the financial institution, and Stewart Title of California, Inc. shall have no obligation to account to the depositing party in any manner for the value of, or to pay to such party, any benefit received by Stewart Title of California, Inc.. Such benefits shall be deemed additional compensation to Stewart Title of California, Inc. for its services in connection with the escrow or sub -escrow. If any check submitted is dishonored upon presentation for payment, you are authorized to notify all principals and/or their respective agents of such nonpayment. Order No.: 2306435 Preliminary Report Page 76 of 76 Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 78 of 91 CLTA PRELIMINARY REPORT FORM, EXHIBIT A (Rev. 11-04-22) CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY —1990 (11-09-18) EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses which arise by reason of: 1. (a) Any law, ordinance or governmental regulation (including but not limited to building or zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any improvement now or hereafter erected on the land; (iii) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien, or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. (b) Any govemmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from coverage any taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without knowledge. 3. Defects, liens, encumbrances, adverse claims or other matters: (a) whether or not recorded in the public records at Date of Policy, but created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant prior to the date the insured claimant became an insured under this policy; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the insured mortgage or for the estate or interest insured by this policy. 4. Unenforceability of the lien of the insured mortgage because of the inability or failure of the insured at Date of Policy, or the inability or failure of any subsequent owner of the indebtedness, to comply with the applicable doing business laws of the state in which the land is situated. 5. Invalidity or unenforceability of the lien of the insured mortgage, or claim thereof, which arises out of the transaction evidenced by the insured mortgage and is based upon usury or any consumer credit protection or truth in lending law. 6. Any claim, which arises out of the transaction vesting in the insured the estate of interest insured by this policy or the transaction creating the interest of the insured lender, by reason of the operation of federal bankruptcy, state insolvency or similar creditors' rights laws. © California Land Title Association. All rights reserved. 1 The use of this Form is restricted to CLTA subscribers in good standing as of the date of use. All other uses are prohibited. Reprinted under license or express permission from the California Land Title Association. CLTA PRELIMINARY REPORT FORM, XHIBIT A (Reev..11 04 22) Filed 04/09/25 Page 79 of 91 EXCEPTIONS FROM COVERAGE - SCHEDULE B, PART I This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the public records. 2. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an inspection of the land or which may be asserted by persons in possession thereof. 3. Easements, liens or encumbrances, or claims thereof, not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b) or (c) are shown by the public records. 6. Any lien or right to a lien for services, labor or material unless such lien is shown by the public records at Date of Policy. EXCEPTIONS FROM COVERAGE - SCHEDULE B, PART II (Variable exceptions such as taxes, easements, CC&R's, etc., are inserted here)] CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE OWNER'S POLICY (02-04-22) EXCLUSIONS FROM COVERAGE The following matters are excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. a. any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) that restricts, regulates, prohibits, or relates to: i. the occupancy, use, or enjoyment of the Land; ii. the character, dimensions, or location of any improvement on the Land; iii. the subdivision of land; or iv. environmental remediation or protection. b. any governmental forfeiture, police, regulatory, or national security power. c. the effect of a violation or enforcement of any matter excluded under Exclusion 1.a. or 1.b. Exclusion 1 does not modify or limit the coverage provided under Covered Risk 5 or 6. 2. Any power of eminent domain. Exclusion 2 does not modify or limit the coverage provided under Covered Risk 7. 3. Any defect, lien, encumbrance, adverse claim, or other matter: a. created, suffered, assumed, or agreed to by the Insured Claimant; b. not Known to the Company, not recorded in the Public Records at the Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; c. resulting in no loss or damage to the Insured Claimant; d. attaching or created subsequent to the Date of Policy (Exclusion 3.d. does not modify or limit the coverage provided under Covered Risk 9 or 10); or e. resulting in loss or damage that would not have been sustained if consideration sufficient to qualify the Insured named in Schedule A as a bona fide purchaser had been given for the Title at the Date of Policy. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights law, that the transaction vesting the Title as shown in Schedule A is a: a. fraudulent conveyance or fraudulent transfer; b. voidable transfer under the Uniform Voidable Transactions Act; or c. preferential transfer: i. to the extent the instrument of transfer vesting the Title as shown in Schedule A is not a transfer made as a contemporaneous exchange for new value; or ii. for any other reason not stated in Covered Risk 9.b. 5. Any claim of a PACA-PSA Trust. Exclusion 5 does not modify or limit the coverage provided under Covered Risk 8. 6. Any lien on the Title for real estate taxes or assessments imposed or collected by a governmental authority that becomes due and payable after the Date of Policy. Exclusion 6 does not modify or limit the coverage provided under Covered Risk 2.b. 7. Any discrepancy in the quantity of the area, square footage, or acreage of the Land or of any improvement to the Land. @ California Land Title Association. All rights reserved. 2 The use of this Form is restricted to CLTA subscribers in good standing as of the date of use. All other uses are prohibited. Reprinted under license or express permission from the California Land Title Association. Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 80 of 91 CLTA PRELIMINARY REPORT FORM, EXHIBIT A (Rev. 11-04-22) EXCEPTIONS FROM COVERAGE Some historical land records contain Discriminatory Covenants that are illegal and unenforceable by law. This policy treats any Discriminatory Covenant in a document referenced in Schedule B as if each Discriminatory Covenant is redacted, repudiated, removed, and not republished or recirculated. Only the remaining provisions of the document are excepted from coverage. This policy does not insure against loss or damage and the Company will not pay costs, attorneys' fees, or expenses resulting from the terms and conditions of any lease or easement identified in Schedule A, and the following matters: PART I 1. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2. Any facts, rights, interests, or claims that are not shown by the Public Records at Date of Policy but that could be (a) ascertained by an inspection of the Land, or (b) asserted by persons or parties in possession of the Land. 3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records at Date of Policy. 4. Any encroachment, encumbrance, violation, variation, easement, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and not shown by the Public Records at Date of Policy. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. 6. Any lien or right to a lien for services, labor, material or equipment unless such lien is shown by the Public Records at Date of Policy. 7. Any claim to (a) ownership of or rights to minerals and similar substances, including but not limited to ores, metals, coal, lignite, oil, gas, uranium, clay, rock, sand, and gravel located in, on, or under the Land or produced from the Land, whether such ownership or rights arise by lease, grant, exception, conveyance, reservation, or otherwise; and (b) any rights, privileges, immunities, rights of way, and easements associated therewith or appurtenant thereto, whether or not the interests or rights excepted in (a) or (b) appear in the Public Records or are shown in Schedule B. PART II (Variable exceptions such as taxes, easements, CC&R's, etc., are inserted here) CLTAIALTA HOMEOWNER'S POLICY OF TITLE INSURANCE (07.01-2021) EXCLUSIONS FROM COVERAGE The following matters are excluded from the coverage of this policy and We will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. a. any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) that restricts, regulates, prohibits, or relates to: i. the occupancy, use, or enjoyment of the Land; ii. the character, dimensions, or location of any improvement on the Land; iii. the subdivision of land; or iv. environmental remediation or protection. b. any governmental forfeiture, police, or regulatory, or national security power. c. the effect of a violation or enforcement of any matter excluded under Exclusion 1.a. or 1.b. Exclusion 1 does not modify or limit the coverage provided under Covered Risk 8.a., 14, 15, 16, 18, 19, 20, 23, or 27. 2. Any power to take the Land by condemnation. Exclusion 2 does not modify or limit the coverage provided under Covered Risk 17. 3. Any defect, lien, encumbrance, adverse claim, or other matter: a. created, suffered, assumed, or agreed to by You; b. not Known to Us, not recorded in the Public Records at the Date of Policy, but Known to You and not disclosed in writing to Us by You prior to the date You became an Insured under this policy; c. resulting in no loss or damage to You; d. attaching or created subsequent to the Date of Policy (Exclusion 3.d. does not modify or limit the coverage provided under Covered Risk 5, 8.f., 25, 26, 27, 28, or 32); or e. resulting in loss or damage that would not have been sustained if You paid consideration sufficient to qualify You as a bona fide purchaser of the Title at the Date of Policy. 4. Lack of a right: a. to any land outside the area specifically described and referred to in Item 3 of Schedule A; and b. in any street, road, avenue, alley, lane, right-of-way, body of water, or waterway that abut the Land. Exclusion 4 does not modify or limit the coverage provided under Covered Risk 11 or 21. © California Land Title Association. All rights reserved. 3 The use of this Form is restricted to CLTA subscribers in good standing as of the date of use. All other uses are prohibited. Reprinted under license or express permission from the California Land Title Association. Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 81 of 91 CLTA PRELIMINARY REPORT FORM, EXHIBIT A (Rev. 11-04-22) 5. The failure of Your existing structures, or any portion of Your existing structures, to have been constructed before, on, or after the Date of Policy in accordance with applicable building codes. Exclusion 5 does not modify or limit the coverage provided under Covered Risk 14 or 15. 6. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights law, that the transfer of the Title to You is a: a. fraudulent conveyance or fraudulent transfer; b. voidable transfer under the Uniform Voidable Transactions Act; or c. preferential transfer: i. to the extent the instrument of transfer vesting the Title as shown in Schedule A is not a transfer made as a contemporaneous exchange for new value; or ii. for any other reason not stated in Covered Risk 30. 7. Contamination, explosion, fire, flooding, vibration, fracturing, earthquake, or subsidence. 8. Negligence by a person or an entity exercising a right to extract or develop oil, gas, minerals, groundwater, or any other subsurface substance. 9. Any lien on Your Title for real estate taxes or assessments imposed or collected by a governmental authority that becomes due and payable after the Date of Policy. Exclusion 9 does not modify or limit the coverage provided under Covered Risk 8.a. or 27. 10. Any discrepancy in the quantity of the area, square footage, or acreage of the Land or of any improvement to the Land. LIMITATIONS ON COVERED RISKS Your insurance for the following Covered Risks is limited on the Owner's Coverage Statement as follows: • For Covered Risk 16, 18, 19, and 21 Your Deductible Amount and Our Maximum Dollar Limit of Liability shown in Schedule A. The deductible amounts and maximum dollar limits shown on Schedule A are as follows: Our Maximum Dollar Your Deductible Amount Limit of Liability Covered Risk 16: % of Policy Amount Shown in Schedule A or $ $ (whichever is less) Covered Risk 18: % of Policy Amount Shown in Schedule A or $ $ (whichever is less) Covered Risk 19: % of Policy Amount Shown in Schedule A or $ (whichever is less) Covered Risk 21: % of Policy Amount Shown in Schedule A or $ (whichever is less) CLTA/ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE (12.02-13) EXCLUSIONS In addition to the Exceptions in Schedule B, You are not insured against loss, costs, attorneys' fees, and expenses resulting from: 1. Governmental police power, and the existence or violation of those portions of any law or government regulation concerning: a. building; b. zoning; c. land use; d. improvements on the Land; e. land division; and f. environmental protection. This Exclusion does not limit the coverage described in Covered Risk 8.a., 14, 15, 16, 18, 19, 20, 23 or 27. Co California Land Title Association. All rights reserved. 4 The use of this Form is restricted to CLTA subscr bers in good standing as of the date of use All other uses are prohibited Reprinted under license or express permission from the California Land Title Association. Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 82 of 91 CLTA PRELIMINARY REPORT FORM, EXHIBIT A (Rev. 11-04-22) 2. The failure of Your existing structures, or any part of them, to be constructed in accordance with applicable building codes. This Exclusion does not limit the coverage described in Covered Risk 14 or 15. 3. The right to take the Land by condemning it. This Exclusion does not limit the coverage described in Covered Risk 17. 4. Risks: a. that are created, allowed, or agreed to by You, whether or not they are recorded in the Public Records; b. that are Known to You at the Policy Date, but not to Us, unless they are recorded in the Public Records at the Policy Date; c. that result in no loss to You; or d. that first occur after the Policy Date - this does not limit the coverage described in Covered Risk 7, 8.e., 25, 26, 27 or 28. 5. Failure to pay value for Your Title. 6. Lack of a right: a. to any land outside the area specifically described and referred to in paragraph 3 of Schedule A; and b. in streets, alleys, or waterways that touch the Land. This Exclusion does not limit the coverage described in Covered Risk 11 or 21. 7. The transfer of the Title to You is invalid as a preferential transfer or as a fraudulent transfer or conveyance under federal bankruptcy, state insolvency, or similar creditors' rights laws. 8. Contamination, explosion, fire, flooding, vibration, fracturing, earthquake, or subsidence. 9. Negligence by a person or an Entity exercising a right to extract or develop minerals, water, or any other substances. LIMITATIONS ON COVERED RISKS Your insurance for the following Covered Risks is limited on the Owner's Coverage Statement as follows: • For Covered Risk 16, 18, 19, and 21 Your Deductible Amount and Our Maximum Dollar Limit of Liability shown in Schedule A. The deductible amounts and maximum dollar limits shown on Schedule A are as follows: Covered Risk 16: Covered Risk 18: Covered Risk 19: Covered Risk 21: Your Deductible Amount Our Maximum Dollar Limit of Liability % of Policy Amount Shown in Schedule A or $ $ (whichever is less) of Policy Amount Shown in Schedule A or $ (whichever is less) % of Policy Amount Shown in Schedule A or $ $ (whichever is less) % of Policy Amount Shown in Schedule A or $ $ _ (whichever is less) © California Land Title Association. All rights reserved. 5 The use of this Form is restricted to CLTA subscribers in good standing as of the date of use. All other uses are prohibited. Reprinted under license or express permission from the California Land Title Association. CLTA PRELIMINE?611MAMIT Re0:-(14-22) lied 04/09/25 Page 83 of 91 ALTA OWNER'S POLICY (07.01-2021) EXCLUSIONS FROM COVERAGE The following matters are excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. a. any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) that restricts, regulates, prohibits, or relates to: i. the occupancy, use, or enjoyment of the Land; ii. the character, dimensions, or location of any improvement on the Land; iii. the subdivision of land; or iv. environmental remediation or protection. b. any governmental forfeiture, police, regulatory, or national security power. c. the effect of a violation or enforcement of any matter excluded under Exclusion 1.a. or 1.b. Exclusion 1 does not modify or limit the coverage provided under Covered Risk 5 or 6. 2. Any power of eminent domain. Exclusion 2 does not modify or limit the coverage provided under Covered Risk 7. 3. Any defect, lien, encumbrance, adverse claim, or other matter: a. created, suffered, assumed, or agreed to by the Insured Claimant; b. not Known to the Company, not recorded in the Public Records at the Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; c. resulting in no loss or damage to the Insured Claimant; d. attaching or created subsequent to the Date of Policy (Exclusion 3.d. does not modify or limit the coverage provided under Covered Risk 9 or 10); or e. resulting in loss or damage that would not have been sustained if consideration sufficient to qualify the Insured named in Schedule A as a bona fide purchaser had been given for the Title at the Date of Policy. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights law, that the transaction vesting the Title as shown in Schedule A is a: a. fraudulent conveyance or fraudulent transfer; b. voidable transfer under the Uniform Voidable Transactions Act; or c. preferential transfer: i. to the extent the instrument of transfer vesting the Title as shown in Schedule A is not a transfer made as a contemporaneous exchange for new value; or ii. for any other reason not stated in Covered Risk 9.b. 5. Any claim of a PACA-PSA Trust. Exclusion 5 does not modify or limit the coverage provided under Covered Risk 8. 6. Any lien on the Title for real estate taxes or assessments imposed or collected by a governmental authority that becomes due and payable after the Date of Policy. Exclusion 6 does not modify or limit the coverage provided under Covered Risk 2.b. 7. Any discrepancy in the quantity of the area, square footage, or acreage of the Land or of any improvement to the Land. EXCEPTIONS FROM COVERAGE Some historical land records contain Discriminatory Covenants that are illegal and unenforceable by law. This policy treats any Discriminatory Covenant in a document referenced in Schedule B as if each Discriminatory Covenant is redacted, repudiated, removed, and not republished or recirculated. Only the remaining provisions of the document are excepted from coverage. This policy does not insure against loss or damage and the Company will not pay costs, attorneys' fees, or expenses resulting from the terms and conditions of any lease or easement identified in Schedule A, and the following matters: NOTE: The 2021 ALTA Owner's Policy may be issued to afford either Standard Coverage or Extended Coverage. In addition to variable exceptions such as taxes, easements, CC&R's, etc., the Exceptions from Coverage in a Standard Coverage policy will also include the Western Regional Standard Coverage Exceptions listed as 1 through 7 below: 1. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2. Any facts, rights, interests, or claims that are not shown by the Public Records at Date of Policy but that could be (a) ascertained by an inspection of the Land or (b) asserted by persons or parties in possession of the Land. 3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records at Date of Policy. 4. Any encroachment, encumbrance, violation, variation, easement, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and not shown by the Public Records at Date of Policy. © California Land Title Association. All rights reserved. 6 The use of this Form is restricted to CLTA subscribers in good standing as of the date of use. All other uses are prohibited. Reprinted under license or express permission from the California Land Title Association. CLTA PRELIMINAR1 iortrIFIWM,I�(I IT RWeg-d4-221 filed 04/09/25 Page 84 of 91 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. 6. Any lien or right to a lien for services, labor, material or equipment unless such lien is shown by the Public Records at Date of Policy. 7, Any claim to (a) ownership of or rights to minerals and similar substances, including but not limited to ores, metals, coal, lignite, oil, gas, uranium, clay, rock, sand, and gravel located in, on, or under the Land or produced from the Land, whether such ownership or rights arise by lease, grant, exception, conveyance, reservation, or otherwise; and (b) any rights, privileges, immunities, rights of way, and easements associated therewith or appurtenant thereto, whether or not the interests or rights excepted in (a) or (b) appear in the Public Records or are shown in Schedule B. 2006 ALTA OWNER'S POLICY (06-17-06) EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions, or location of any improvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 9 and 10); or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction vesting the Title as shown in Schedule A, is (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5. Any lien on the Title for real estate taxes or assessments imposed by govemmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage, and the Company will not pay costs, attorneys' fees or expenses, that arise by reason of: NOTE: The 2006 ALTA Owner's Policy may be issued to afford either Standard Coverage or Extended Coverage. In addition to variable exceptions such as taxes, easements, CC&R's, etc., the Exceptions from Coverage in a Standard Coverage policy will also include the Western Regional Standard Coverage Exceptions listed below as 1 through 7 below: 1. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2. Any facts, rights, interests, or claims that are not shown by the Public Records at Date of Policy but that could be (a) ascertained by an inspection of the Land, or (b) asserted by persons or parties in possession of the Land. 3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records at Date of Policy. 4. Any encroachment, encumbrance, violation, variation, easement, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and not shown by the Public Records at Date of Policy. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. 6. Any lien or right to a lien for services, labor, material or equipment unless such lien is shown by the Public Records at Date of Policy. 7. Any claim to (a) ownership of or rights to minerals and similar substances, including but not limited to ores, metals, coal, lignite, oil, gas, uranium, clay, rock, sand, and gravel located in, on, or under the Land or produced from the Land, whether such ownership or rights arise by lease, grant, exception, conveyance, reservation, or otherwise; and (b) any rights, privileges, immunities, rights of way, and easements associated therewith or appurtenant thereto, whether or not the interests or rights excepted in (a) or (b) appear in the Public Records or are shown in Schedule B. ©California Land Title Association. All rights reserved. 7 The use of this Form is restricted to CLTA subscribers in good standing as of the date of use. All other uses are prohibited. Reprinted under license or express permission from the California Land Title Association. Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 85 of 91 OWNER'S AFFIDAVIT AND INDEMNITY Order No.: 2306435 Address/Location: Vacant Land, La Quinta, CA APN: Multiple APN's In connection with the request of the Undersigned ("Affiant") for the preparation and issuance of insurance, Affiant makes the following statements and representations for the benefit of, and reliance by, title insurer STEWART TITLE GUARANTY COMPANY, and its policy issuing agent STEWART TITLE OF CALIFORNIA, INC. (collectively hereafter referred to as "TITLE"): 1. Affiant owns and holds title to the land described in Schedule A of the Preliminary Report or Commitment issued in connection with the above referenced Order Number (the "Land"). 2. The Affiant's ownership and/or possession of the Land has been peaceful and undisturbed, and title thereto has never been disputed, questioned or rejected, nor has the issuance of title insurance ever been refused, except as follows: (If none, please state ° none" 3. Other than the Affiant, there are no parties entitled to possession of the Land other than the following: (If none, please state "" none" ) 4. There are no leases, licenses, options, rights of first refusal, or contracts to sell, affecting the Land, or any parties currently in possession, of the Land, except the following: (If none, please state " none" 5. All assessments by a management company or owners' association, or for common area or building maintenance, if any, are paid current or are not yet due and payable except for the following. (If none, please state "" none ) 6. There are no pending contemplated repairs/improvements to the Land, except the following: (If none, please state ,. none) 7. There has been no construction, building materials, repairs, improvements, or remodeling performed, provided, furnished or delivered within the last 12 months, except as follows: (If none, please state " none" This work performed, as detailed above, was completed on (date of completion). 8. Affiant is not aware of the existence of any of the following: a. Improvements, including fences, encroaching into any easements on the Land, or over any boundary lines of the Land. b. Adjoining property improvements encroaching onto the Land. c. Liens against the Land and/or judgments or tax liens against Affiant or any other property owner currently in title, except those described in the Preliminary Report or Commitment issued in connection with the above referenced Order Number. d. Outstanding claims or persons entitled to claims for mechanics' or materialman liens against the Land. e. Pending repairs/improvements to any adjacent street(s) or any assessments related to road maintenance f. Any pending litigation involving the Land, the Affiant or any other property owner currently in title. g. Recent improvements completed or being made to any common area(s) located within the subdivision in which the Land is located. h. Violations of building permits, zoning laws or recorded covenants, conditions and/or restrictions imposed on the Land. i. Any pending assessments for Community Facility Districts. j. Any new, pending or existing obligation or loan including any home improvements on the Land pursuant to the PACE or HERO program, or any other similar type program. Order No.: 2306435 Page 1 of 3 Rev. 9/2021 Owners Affidavit and Indemnity CA Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 86 of 91 k. Any unrecorded or recorded easements, covenants, conditions, or restrictions affecting the Land, other than those listed in the Preliminary Report or Title Commitment. I. Any use of the property for the production, sale, warehousing or transporting of fresh fruits, vegetables, livestock or poultry (e.g., supermarkets, restaurants, wineries, breweries and meat packing plants). With regard to 8a.-8I, except as follows: (If none, please state " none" ) 9. No proceedings in bankruptcy or receivership have been instituted or filed by, or against, the Affiant or any other property owner currently in title. 10. There are no unpaid taxes, assessments or utility type bills including but not limited to bills for water, sewer, hazardous waste, recycling, storm drain and/or rubbish and there are no liens related to such utilities from or on the Land, with the exception of the following: (If none, please state " none" ) 11. There are no financial obligations secured by trust deeds, mortgages, financing statements, vendor's liens, security agreements or otherwise, against the Land, except as set forth in the Preliminary Report, proforma and/or Commitment, and as set forth below: (If none, please state .. none" ) Creditor Approximate Balance 12. There has been no harvesting or production of any oil, gas, geothermal materials or other minerals from or on the Land and there are no oil, gas, geothermal and/or mineral leases, licenses, options, rights of first refusal, and/or contracts to sell, affecting the mineral rights associated with the Land, or other parties currently in possession, of the mineral rights on the Land, except the following: (If none, please state ".none") 13. Other than the Affiant, there are no other parties currently in possession of the Land, including but not limited to, any possessory interest associated with the harvesting of any oil, gas, geothermal materials or other minerals, except the following: (If none, please state "" none ) 14. Affiant has not executed and will not execute any documents or instruments related to the title to, or interest in, the Land prior to the recordation of the documents in this transaction. 15. By signing below, Affiant agrees to cooperate with TITLE and, upon request from TITLE, to promptly provide and/or execute, any corrective or curative information or documentation requested. This is a sworn affidavit and is made for the purpose of inducing TITLE to provide certain insurance coverage to a purchaser and/or lender, and the representations contained herein are material to such insurance coverage. The undersigned hereby indemnifies and holds Stewart Title Guaranty Company and its policy issuing agent identified above harmless from any loss or damage, liability, costs, expenses and attorneys' fees which it may sustain under its policies of title insurance or commitments to the extent any representation contained herein is incorrect. The undersigned understands that TITLE may decide not to provide the requested title insurance despite the information and affirmations contained herein. PLEASE READ, COMPLETE AND RESPOND TO ALL STATEMENTS CONTAINED IN THIS OWNER'S AFFIDAVIT AND INDEMNITY BEFORE SIGNING IN THE PRESENCE OF A NOTARY PUBLIC. THE NOTARY PUBLIC WILL EXECUTE THE ACKNOWLEDGMENT ON THE FOLLOWING PAGE. HOWEVER, IF YOU DO NOT UNDERSTAND OR HAVE ANY QUESTIONS ABOUT THIS AFFIDAVIT, YOU SHOULD SEEK THE ASSISTANCE OF YOUR INDEPENDENT FINANCIAL AND/OR LEGAL ADVISOR BEFORE SIGNING. Order No.: 2306435 Page 2 of 3 Rev. 9/2021 Owners Affidavit and Indemnity CA Case 24-11647-MFW Doc 425-1 Filed 04/09/25 Page 87 of 91 Silverock Development Company A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached and not the truthfulness, accuracy, or validity of that document. State of California County of ) ss. Subscribed and sworn to (or affirmed) before me on this day of , 20 , by , proved to me on the basis of satisfactory evidence to be the person(s) who appeared before me. 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