Loading...
LLA 1990-128PLANNING IIIS190 CITY OF LA QUINTA PLANNING b DEVELOAT DEPARTMENT 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 = Z5 `x- APPLICATION FOR LOT LINE ADJUSTMENT OFFICE USE ONLY 11 �Zj90 n n a uZoning: -2- LLA NO• Go- las u Related Cases: %/��-2 Reviewed By:/ Date: u � u APPLICANT Name: Sunrise Desert Partners Address: 42-600 Cook Street Daytime _Palm Desert, California 92260 Phone;(619)568-2828 (City) (State) (Zip) PROPERTY OWNERS Owner "A" Name: Landmark Land Company Address: 78150 Calle Tampico La Quints, California 92253 Phone :(619)345-2888 (City) (State) (Zip) Owner "B" Name: Address: R a-0%����® Owner "C" Name: Address: NOV CITY OF LA QUINTA PLUNING & DEVELOPMENT OEM, PROPERTY DATA Property A: Property B: Phone: (City) (State) (Zip) Phone: (City) (State) (Zip) Assessor's Parcel Number: 769-032-026 Street Address (if any): (part of) Assessor's Parcel Number: Street Address (if any): Property C: Assessor's Parcel Number: Street Address (if any): ADJUSTMENT REQUESTED: Tract 25500-1 recorded in — ib CASH i TO L 12-j 014 Relocation of line common to Lot 1 and Lot 2 of 0. REASON FOR REQUEST: Replot of buildings I/We hereby certify that: 1) I am/We are the record owner(s) of all parcels proposed for merger by this Application; (2) I/We have knowledge of and consent to the filing of this Application; and, 3) The information submitted in connection with this Application is true and correct. Owner "A": ///z yo Name Steve Walser Date Vice President Owner "B": Name Date Owner "C": Name Date Representative Signature: (Attach Letter(s) of Authorization) Date MR/FORMLLA.001 APRIL 1988 ICS PGA WEST CCO-C4162 N 10/16/9C 12C140 120i&c CATE 10/15/90 INVCICEO GROSS CK.RO.7545 125.00 DETACH AND RETAIN THIS STATEMENT THE ATTACHED CHECK IS IN PAYMENT OF ITEM$ DESCRIBED BELOW IF NOT CORRECT PLEASE NOTIFY US PROMPTLY NO RECEIPT DESIRED TCTAL NET 125.00 125.00 ar Of v 640 79-105'Ca11elEsta40 La Ninta, CA 92251 619.564-2246 619-564-S617 (FAX) Date:—/—�� W ATTENTION: Alw PROJECT: '�n ljz'ror your information and records. 90 - 096 90 - J, el 1-�i9 9l— /33 -E( 9/_ Ll copies a$ requested. a Receipt, a other 90-i2F8 It you have any questions undersigned. on the above please contact the Tw 0 U 4 Qgw(v 78.105 CALLE ESTADO - LA QUINTA, CALIFORNIA 92253 - (619) 564-2246 November 6, 1990 Mr. Allan Levin Sunrise Company 42-600 Cook Street, Suite 200 Palm Desert, CA 92260 SUBJECT: LOT LINE ADJUSTMENT #90-128; TRACT 25500-1 Dear Mr. Levin: This is to report that the Planning & Development Department has approved the above subject lot line adjustment for zoning compliance only. We are returning all originals to you for your use in recordation. Also enclosed is the receipt for fees paid. Once the deeds have been recorded, please submit certified copies of them to the Planning & Development Department for our files. Failure to do so may delay issuance of any future building permits affected by this adjustment. Should you have any questions, please contact the undersigned. Very truly yours, JERRY HERMAN PLANNING & DEVELOPMENT DIRECTOR Wallace H. Nesbit Associate Planner WHN: ccs cc: Steve Speer; Senior Civil Engineer Tom Hartung; Building & Safety Director File CS/LTPJMAWADDRESS - P.O. BOX 1504 - LA QUINTA, CALIFORNIA 92253 0 boa eta i LOT 2 /. 946 .44C. h�1 Y d t'yc Foe 0 CENTERIINf Of PRIYAlf slRffl OLD (,OT L/NE FMVT of 8E61WN1N6 .ODdaSTE.D LoT / 3, S¢ AL. Ti W 7- NZ) 25500 / PRFARED BY ■g ENGINEERING SERVICE CORPORATION 72-780 EL PASEQ SUITE E-1 - PALM DESERT, CA 92M (619) 5684"? R.C.E. 33486 �I LOT3 e' 17?AC99T ZSSOD�/ /. AC. SCALE: V • 50' EXHIBIT R (LA CASENO. 9017- ArTIOVED BY PLANNING DIVISION Bi N�410-' DOTE 9t 4d,o ' LOT L/NE AW-- ppB. RoLo. PREPARED FOR �C1 B. flOfB lF, tiN sp Suf/R/SE DESERT No. 334C8 T P34,e71 /ERS EXFIflES a 4Z-600 co6w STREET 5.30•s4 * PAL o DESE.P,T CA. A. 92260 we.. zoo -sox APPLICANT INSTRUCONS is A request for a Lot Line Adjustment may be approved only if the following findings are made pursuant to Section 13.68.020 of the La Quinta Municipal Code: 1. The adjustment involves adjacent parcels; 2. No additional parcels are created; 3. None of the parcels involved are reduced below the minimum development standards. LOT LINE ADJUSTMENT APPLICATIONS MUST INCLUDE THE FOLLOWING: 1. Completed and signed application form. 2. A map or the current Assessor's Map page showing the proposed lot line adjustment, including the following: dimensions, existing and proposed lot lines, and, unless property lies within the Cove area, all angles of direction . 3. A metes and bounds legal description. For Cove area lots; a legal description by lot, block, unit and/or tract number is acceptable. 4. Proof of ownership in the form of a copy of the original Grant Deed for the properties involved. 5. New, original, unrecorded Grant Deed(s) with the following noted on the Deed(s): - Correct legal description(s) for each adjusted property; - "THIS DEED REFLECTS LOT LINE ADJUSTMENT NO. AS APPROVED BY THE CITY OF LA QUINTA." (The Lot Line Adjustment Number will be filled in by this office.) This is required whether or not there is a conveyance involved, as state law does not recognize a lot line adjustment by itself as a legal, recordable document. 6. APPLICATION FEE: $145 in cash or check payable to the City of La Quinta. �r25 �« ✓G�� � The Planning and Development Department will review and, if complete and acceptable, the Planning Director will approve the Lot Line Adjustment Application. The Application will then be forwarded to the County Recorder's Office for recording purposes. MR/FORMLLA.001 APRIL 1988 bV. Qp o;, LOT2 4 11 V �b yFw �T sl E �, V LFN►M INE Of PRIVA►! S►REf► OLD Lor LINE F4VW7- of BEG/NN/N6 AIDJ!/5TED LoT / 3.54 Ac. 7ii W7- Ni9- 25500 PREPARED 8Y ENGINEERING SERVICE CORPORATION 72-M EL PASM SUITE E-1 PALM DESERT, CA 92200 (619) 60&5997 0 R.C.E. 33486 tD �I LOT3 7A✓9c'T 2SSpD� EXHIBIT R (LA CASE NO. 90-(Zb- P3 'ROVED BY PLANNING DIVISION u i �v'04 DATE 11s o ►+er s�_ s�_ a �tuo�_ LOT L/A/E XW A69 g43FESS;p'4 PREPARED FOR aoee� a� �v fp _s4wR/5E- DESERT No.33406 m PARTNERS EXPIRES 9 ¢Z-600 coo& 57,rEE7 6.30•S4 .� 922le0 W.O. 2zoo-g¢X RECORDING REQUESTED BY AND WHEN RECORDED MAIL THIS DEED AND. UNLESS OTHERWISE SHOWN BELOW, MAIL TAX STATEMENTS TO: r FLandmark Land Company AooaEET 78150 Calle Tampico La Quinta, California 92253 CITY. 'zr LAttention: Steve Walser J MM 11 ABOVE THIS LINE FOR RECORDER'S USE Title Order No. — Escrow or Loan No CORPORATION GRANT DEED THE UNDERSIGNED GRANTOR(s) DECLARE(S) DOCUMENTARY TRANSFER TAX is $ CITY TAX S ❑ computed on full value of property conveyed, or ❑ computed on full value less value of liens or encumbrances remaining at time of sale, ❑ Unincorporated area: ❑ City of and FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged. Landmark Land Company of California, Inc. a corporation organized under the laws of the State of Delaware hereby GRANTSto Landmark Land Company of California, Inc. the following described real property in the Countyof Riverside State of California: Revised Lot 1 of Tract No. 25500-1 as recorded in MB 215 at pages 28 through 33; more fully described on the attached exhibit 'A': This Deed reflects Lot Line Adjustment No. 90-1'26 as approved by the City of La Quinta. STATE OF CALIFORNIA SS COUNTY OF On this moo, of 19 _ . before methe undersigned, a Notary Public in and for said County and State, personally appeared and personalty known to me (a proved to neon the basis of safisfacto yevidence) to be the persons who executed the within instrument as President. and Secretary on behaM Of the Corporation therein named. and acknowkrdged to me that such corporation executed the same, pursuant to its lows, a a resolution of its Board of Directors. WITNESS my harq and official mi. By: Steve Walser Vice Prescient Secretary Nome (Typed or Printed) TT-102 (IL-v. 1/8B) MAIL TAX STATEMENTS AS DIRECTED ABOVE. for official notarial 0 �mi Lot 1 as shown on Tract 25500-1, as recorded in Book 215 of Maps on Pages 28 through 33 of the Riverside County Records, State of California, Together with that portion of lot 2 of said Tract 25500-1 being described as follows: QCmmencing at the northeast corner of Lot 1, said point lying on the westerly right of way of Iat B-3 of said tract said lot B-3 also ]mown as Laurel Valley, said point also being the "Point of Beginninu". Thence N84`2313911W along the northerly line of Lot 1 a distance of 148.00 feet to a point of curvature and the westerly line of said Lot 2, Thence northerly along the arc of a curve concave to the east having a central angle of 1004612611, a radius of 1333.00 feet, and a radial line that bears S84023139"E, a distance of 250.66 feet, Thence S73"371131E a distance of 148.00 feet to a point on the westerly line of said Lot B-3 and a point of curvature, Thence southerly along the arc of a curve concave to the east having a central angle of 10*46'26", a radius of 1185.00 feet and a radial line that bears S73937'13"E, a distance of 222.83 feet to the 'Point of Beginning' Adjusted Iot 1 contains 3.54 acres. F!?. -lip .' r RECORDING REQUESTED" is 1 AND WHEN RECORDED MAL THIS DEED AND, UNLESS OTHERWISE SHOWN BELOW, MAIL TAX STATEMENTS TO'. r Landmark Land Company STREET 78150 Calle Tampico `iDDfESS La Quints, California 92253 On STATE Attention: Steve Walser zip L All PTN. SPACE ABOVE THIS LINE FOR RECORDER'S USE Title Order No. — Escrow or Loan No. CORPORATION GRANT DEED THE UNDERSIGNED GRANTOR(S) DECLARE(s) DOCUMENTARY TRANSFER TAX is S CITY TAX $ ❑ computed on full value of property conveyed, or ❑ computed on full value less value of liens or encumbrances remaining at time of sale, ❑ Unincorporated area: ❑ City of , and FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Landmark Land Company of California, Inc. a corporation organized under the laws of the State of Delaware hereby GRANTStO Landmark Land Company of California, Inc. the following described real property in the County of Riverside , State of California: Revised Lot 2 of Tract No. 25500-1 as recorded in MB 215 at pages 28 through 33; more fully described on the attached exhibit 'A': This Deed reflects Lot Line Adjustment No. 90-126as approved by the City of La Quints. Dated STATE OF CAUFORNIA s B COUNTY OF On this day of 19 before me. the undersigned, a Notary Public in and for said County and State. Personally appeared Personality known to me(orproved to me on the basis of satisfactory evidence) to be the persons who executed the wthin instrument as President, and Secretary on behalf of the corporation therein named, and acknowledged to me that such corporation executed the same, pursuant to its lows, or a resolution of its Board of Directors. WITNESS my hand and official seal. a Corporation by : Steve Walser Vice president Secretary Name (Typed or Printed) TT-102 (Rev 7/85) MAIL TAX STATEMENTS AS DIRECTED ABOVE. area for official W.O. #2100-84X k@M&AM6461141W • REVISED LOT 2 TRACT 25500-1 lot 2 as shown on Tract 25500-1, as recorded in Hook 215 of Maps on Pages 28 through 33 of the Riverside County Records, State of California, Except that portion of lot 2 of said Tract 25500-1 being described as follows: Comnencirg at the northeast corner of Lot 1, said point lying on the westerly right of way of Lot B-3 of said tract said lot B-3 also known as Laurel Valley, said point also being the "Point of Beginning" Thence N84°23'39"W along the northerly line of Lot 1 a distance of 148.00 feet to a point of curvature and the westerly line of said Pot 2, Thence northerly along the arc of a curve concave to the east having a central angle of 10*4612611, a radius of 1333.00 feet, and a radial line that bears S84°23'39"E, a distance of 250.66 feet, Thence S73"3711311E a distance of 148.00 feet to a point on the westerly line of said Lot B-3 and a point of curvature, Thence southerly along the arc of a curve concave to the east having a central angle of 10*4612611, a radius of 1185.00 feet and a radial line that bears S73037113"E, a distance of 222.83 feet to the 'Point of Adjusted Lot 2 contains 1.48 acres. C - ( )` _, No. 334M k^:Pi�S PRELIMINARY REP T OR TITLE INSURANCE COMPANY OF FORNIA 3880 LEMON STREET RIVERSIDE, CALIFORNIA 92501 (714) 686-4180 (800) 442-4970 September 21, 1990 y To: Sunrise Desert Partners 29 199J Attn: Allan Levin 42-600 Cook St., STe. 200 o"j) Palm Desert, Ca 92260 Your Reference: LLA/Lots 1&2/Tr. 25500-1 Our No. . C521830 In response to the above referenced application for a Policy of Title Insurance, TICOR TITLE INSURANCE COMPANY OF CALIFORNIA hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a 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 any defect, lien or encumbrance not shown or referred to as an exception below or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations of said Policy forms. The printed Exceptions and Exclusions from the coverage of said Policy or Policies are set forth on the attached cover. Copies of the Policy forms should be read. They are available from the office which issued this report. This Report (and any supplements or amendments thereto) 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 September 18, 1990, at 7:30 a.m. Z, -�1 ���� •,(1A pley/sc, TitlA Offi� r The form of Policy of Title Insurance contemplated by this Report is: ( ) ALTA Residential Policy (6-1-87) ( ) ALTA Loan Policy (10-21-87) with ALTA Endorsement Form 1 Coverage (X) CLTA Standard Coverage Policy - 1988 ( ) ALTA Owner's Policy (10-21-87) The estate or interest in the land hereinafter described or referred to covered by this report is a fee. - 1 - C521830 Title to said estate or interest at the date hereof is vested in: Landmark Land Company of California, Inc., a Delaware corporation At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions contained in said Policy form would be as follows: 1. 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. IA. The records of the Riverside County Tax Collector disclose a lien for supplemental taxes, for the fiscal year 1989-1990 and 1990-1991 assessed pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State of California, however; on the date hereof, the amounts thereof are not available, due or payable. 1B. General and special taxes for the fiscal year 1990-1991, a lien not yet payable. 2. Matters in an instrument which, among other things, may contain or provide for assessments, liens and the subordination thereof, provisions relating to partitions, restrictions on severability of component interest, easements for encroachments upon the common area, provisions pertaining to party walls, covenants, conditions and restrictions, a provision that no violation thereof and no enforcement of any lien provided for therein shall defeat or render invalid the lien of a mortgage or deed of trust made in good faith and for value, but which however, do not contain restrictions based upon race, color, or creed, Executed by : Landmark Land Company of California, Inc., a Delaware corporation Recorded : January 22, 1986 as Instrument No. 15569 r Said declaration contains, among other things, the following: A reservation of an easement over the portion of said land and for the purposes stated herein, and incidental purposes, For Pipelines, conduits, utilities, cable television systems, security systems, sewers, drainage, and incidental purposes Affects Infrastructure, defined as exterior wall, the exterior wall landscaping area, the exterior wall landscaping, the main access way, the residential entries, and the main entrance The right to levy certain charges or assessments against said land which shall become a lien if not paid, as therein set forth, Conferred upon : PGA West Master Association, a nonprofit corporation Said covenants, conditions and restrictions have been purportedly modified by an instrument Recorded January 30, 1986 as Instrument Number 22072 - 2 - C521830 Attached to said declaration and modification are riders executed by Dixie Savings and Loan Association and by Sunrise La Quints Company, a California limited partnership, agreeing to be subject to the covenants, conditions and restrictions and easements, reservations and liens as set forth in said declaration. A supplemental declaration of covenants, conditions and restrictions, which annexed the property herein described was Recorded : January 17, 1990 as Instrument No. 18582 Said Matter Affects : Lots 13 and 14 of Tract 21643 A supplemental declaration of covenants, conditions and restrictions, which annexed the property herein described was Recorded : June 8, 1990 as Instrument No. 212324 Said Matter Affects : Lots 1 and 2 with other property 3. Matters in an instrument which, among other things, may contain or provide for assessments, liens and the subordination thereof, provisions relating to partitions, restrictions on severability of component interest, easements for encroachments upon the common area, provisions pertaining to party walls, covenants, conditions and restrictions, a provision that no violation thereof and no enforcement of any lien provided for therein shall defeat or render invalid the lien of a mortgage or deed of trust made in good faith and for value, but which however, do not contain restrictions based upon race, color, or creed, Executed by : Sunrise La Quinta Company, a California limited partnership Recorded : January 23, 1986 as Instrument No. 15570 Said declaration contains, among other things, the following: A reservation of an easement over the portion of said land and for the purposes stated herein, and incidental purposes, For Ingress, egress, parking, display and exhibit purposes and for those easements set forth in the Master Declaration The right to levy certain charges or assessments against said land which shall become a lien if not paid, as therein set forth, Conferred upon : PGA West Residential Association, Inc. Said covenants, conditions and restrictions have been purportedly modified by an instrument Recorded January 30, 1986 as Instrument Number 22073 A supplemental declaration of covenants, conditions and restrictions, which annexed the property herein described was Recorded : February 8, 1990 as Instrument No. 49848 - 3 - C521830 Said Matter Affects : Lot 14 of Tract 21643 4. The effect of a Condominium Plan recorded January 12, 1990 as Instrument No. 14507 of Official Records (Units A-680 through A-710 inclusive). Said Matter Affects: ,Lot 14 of Tract 21643 5. An easement affecting the portion of said land and for the purposes stated herein, and incidental purposes, In Favor of : Southern California Gas Company, a corporation For : Pipe lines Recorded : July 20, 1990 as Instrument No. 268779 - 4 - E 1 C521830 DESCRIPTION The land referred to in this report is situated in the County of Riverside, State of California, and is described as follows: Lots 1 and 2 of Tract-25500-1, in the City of La Quinta, County of Riverside, State of California, as per map recorded in Book 215, Pages 28 through 33 inclusive of Maps, in the Office of the County Recorder of said County. NOTE THE FOLLOWING Note 1: California "Good Fund" Law All title insurance companies, controlled escrow companies and underwritten title companies will be affected by a new law which becomes effective on January 1, 1990. Assembly Bill 512 (Chapter 598, Statutes of 1989), which added Section 12413.1 to the Insurance Code of the State of California is effective January 1, 1990. Except for funds deposited by cash or by electronic payment, this law prohibits a title insurance company from disbursing funds from an escrow account, until the day these funds are made available to the depositor pursuant to Part 229 of Title 12 of the Code of Federal Regulations, (Reg. CC). Under Reg. CC, items such as CASHIER'S CERTIFIED or TELLER'S CHECKS may be available for disbursement on the business day following the business day of deposit; however, other forms of deposits may cause extended delays in the closing of the escrow. Ticor Title Insurance will not be responsible for accruals of interest resulting from compliance with the disbursement restrictions mandated by this law. If you choose to wire transfer funds to our company in order to avoid any delays in closing, please use the following format; *Wire Instructions: Citibank, Delaware One Penn's Way New Castle, Delaware ABA #031100209 Credit: Ticor Title Ins. of CA. - Riverside Account #38150936 Reference - Escrow/Title Officer's name Linda Shipley Order Number C521830 IMPORTANT It is imperative that the wire text be exactly as indicated above. Any extraneous or missing information may cause unnecessary delays in confirming the receipt of funds. - 5 - \� � � ■ °`� . 888R9 � .., . \■ � � ■ � .� ■ §; � § On 2-19 cn r, �.,■. R ; g ■|�� � z \ | C } OW CAT NO NNO1376 —USE WITH NNO1374 or NNO13 i03131 CAPart2110-8e1 PRELIMINARY REPORT COVER Printed Policy Exceptions and Exclusions ALTA RESIDENTIAL POLICY (6-1-87) The Exclusions and the Exceptions of the ALTA Residential Policy • that result in no loss to you form recite that you are not insured against loss, costs, attorneys ■ that first affect your title after the Policy Date — this does not fees, and expenses resulting from: limit the labor and material lien coverage in Item 8 of Covered Title Exclusions Risks 1 Governmental police power, and the existence or violation of any 4 Failure to pay value for your title. law or government regulation. This includes building and zoning ordinances and also laws and regulations concerning 5 Lack of a right: ■ land use ■ improvements on the land ■ land division ■ environmental protection This exclusion does not apply to violations or the enforcement of these matters which appear in the public records at Policy Date. This exclusion does not limit the zoning coverage described in Items 12 and 13 of Covered Tille Risks. 2 The right to take the land by condemning it, unless'. ■ a notice of exercising The right appears in the public records on the Policy Date ■ the taking happened prior to the Policy Date and is binding on you if you bought the land without knowing of the taking 3 Title Risks: ■ that are created, allowed, or agreed to by you ■ that are known to you, but not to us, on the Policy Date — unless they appeared in the public records ■ to any land outside the area specifically described and referred to in Item 3 of Schedule A or ■ in streets, alleys, or waterways that touch your land This exclusion does not limit the access coverage in Item 5 of Covered Title Risks. Standard Exceptions (a) Any rights, interests or claims of parties in possession of the land not shown by the public records. (b) Any easements or liens not shown by the public records. This does not limit the lien coverage in Item 8 of the Covered Title Risks (c) Any facts about the land which a correct survey would disclose and which are not shown by the public records. This does not limit the forced removal coverage in Item 12 of Covered Title Risks. (d) Any water rights, claims or title to water on or under the land. ALTA LOAN POLICY (10-21-87) WITH ALTA ENDORSEMENT FORM 1 COVERAGE The Exclusions from Coverage of the ALTA Loan Policy form recites that 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 and zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating to (i) the occupancy, use, or enjoyment of the land, (i) the character, dimensions or location of any improvement now or hereafter erected on the land; (in) 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 governmental police power not excluded by (a) above, except to the extent that a notice of the exercise 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 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, hens, 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 (except to the extent that this policy insures the priority of the lien of the insured mortgage over any statutory lien for services, labor or material, or to the extent insurance is afforded herein as to assessments for street improvements under construction or completed at Date of Policy); or (a) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the insured mortgage. 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 applicable doing business laws of the state in which the land is situated. 5Invalidity 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 statutory lien for services, labor or materials for the claim of priority of any statutory lien for services, labor or materials over the lien of the insured mortgage) arising from an improvement or work related to the land which is contracted for and commenced subsequent to Date of Policy and is not financed in whole or in part by proceeds of the indebtedness secured by the insured mortgage which at Date of Policy the insured has advanced or is obligated to advance. (Exceptions and Exclusions Continued on Reverse Side) Printed Policy Exceptions and Exclusions (Continued) CLTA STANDARD COVERAGE POLICY-1988 The Exclusions from Coverage of the CLTA Standard Coverage Policy form recites that 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 to (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 governmental police power not excluded by (a) above, except to the extent that a notice of the exercise 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. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Dale 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 unenforceabilay of the lien of the insured mortgage, or claim thereof, which arises out of the transaction evidenced bythe insured mortgage and is based upon usury or any consumer credit protection or truth in lending law. Schedule B of the CLTA Standard Coverage Policy form recites that 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'. Part 1 4. Discrepancies, conflicts in boundary lines, shortage in area, 1. Taxes or assessments which are not shown as existing liens encroachments, or any other facts which a correct survey would by the records of any taxing authority that levies taxes or disclose, and which are not shown by the public records, assessments on real properly or by the public records. Proceedings by a public agency which may result in taxes or 5. (a) Untalented mining claims, (b) reservations or exceptions in assessments, or notices of such proceedings, whether or not patents or in Acts authorizing the issuance thereof; (c) water shown by the records of such agency or by the public records. rights, claims or title to water, whether or not the matters excepted under (a), (b) or (c) are shown by the public records. 2. Any facts, rights, interests or claims which are not shown by 6. Any facts, rights, interests or claims which are not shown by the public records butwhich could be ascertained byan inspection the public records but which could be ascertained by making of the land or which may be asserted by persons in possession inquiry of the lessors in the lease or leases described or referred thereof to in Schedule A. 3. Easements, liens or encumbrances, or claims thereof, which are 7. The effect of any failure to comply with the terms, covenants not shown by the public records and conditions of the lease or leases described or referred to in Schedule A. ALTA OWNER'S POLICY (10-21-87) The Exclusions from Coverage of the ALTA Owner's Policy form recites that 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 and zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating to (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 pan; 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 governmental police power not excluded by (a) above, except to the extent that a notice of the exercise 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. 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) created, suffered, assumed or agreed to by the insured claimant; bd 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 estate or interest insured by this policy. Principal Offic DO Wilshire Boulevard, P.O. Box 92792, Los Angeles�Selifornia 90009