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LLA 1991-157CITY OF LA QUINTA CANNING & DEVELOPMENT DEP PMENT 78-105 CALLE ESTADO LA QUINTA, CALIFORNIA 92253 APPLICATION FOR LOT LINE ADJUSTMENT OFFICE USE ONLY Zoning: LLA No. Related Cases: Reviewed By: CeQS 7 Date: ------------------ APPLICANT Name: SUNRISE COMPANY Address: 42-600 Cook Street Daytime (Mailing) Palm Desert, California 92260 Phone: (619)568-2828 (City) (State) (Zip) PROPERTY OWNERS Owner °A° Name: SUNRISE DESERT PARTNERS ng„„'_ I('' `'-^ 0" '- ri'" '- i k% Address: 4 -600 Cook Street Palm Desert aliforna 92260 Phone: (619)568-2828 (City) (State) i (Zp) Owner "B" Name: LANDMARK LAND COMPANY Address: 78150 Calle Tampico T.a nninra. Caliorna 9 iSi Phone: (619)564-8170 (city) (Stfate)i (Zip) Owner "C" Name: Address: (City) (State) (tip) Phone: PROPERTY DATA Property A: Assessor's Parcel Number: _761-4RD-D17-2 Street Address (if any): Property B: Assessor's Parcel Number: 761-480-024-8 761-480-030-3 Street Address (if any): Property C: Assessor's Parcel Number: Street Address (if any): ADJUSTMENT REQUESTED: REASON FOR REQUEST: Adjust lot line to reflect current ownership 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":( Name Date Owner "B": Name Date Owner "C": Name Date Representative Signature: (Attach Letter(s) of Authorization) MR/FORMLLA.001 JUNE 1989 Date 78-105 CALLE ESTADO — LA QUINTA. CALIFORNIA 92253 - (619) 564-2246 FAX (619) 564-5617 February 11, 1992 Mr. Steve Robbins, P.E. ESCO 72-780 E1 Paseo, Suite E1 Palm Desert, CA 92260 SUBJECT: LOT LINE ADJUSTMENT 92-157 TRACT 25499-2 and TRACT 25499-3 Dear Mr. Robbins: The Lot Line Adjustment submitted for the above Tracts is hereby approved. You are hereby authorized to proceed with the recording of the Deeds for this Lot Line Adjustment. These deeds must be notarized. In addition, all deeds must show the following statement, "This deed reflects Lot Line Adjustment 92-157". Please note this Lot Line Adjustment is not valid until both of these deeds have been recorded. After the above deeds have been recorded, please submit copies to this Department. Failure to do so may delay issuance of any future building permits affected by this adjustment. If you have any questions, please contact the undersigned. Very truly yours, JERRY DEVELOPMENT DIRECTOR 3r�ousdel l Associate Planner SS:ccs cc: Engineering Department Building & Safety Department Allan Levin; Sunrise Company Steve Walser; Landmark Land Company Attachments MAILING ADDRESS - P.O. BOX 1504 - LA QUINTA, CALIFORNIA 92253 LTRGT.078/CS -1- .I L.WT 22 c. c. TRACTr 6 ti.R.0O221 Ei 1-9 i V LOT 4 TRAC T NO. 254 99-2 M.B.220/91-97 OLD LO7 LINE lz :z N Iz 3 TRACT N-Q . 'r':] ;99-2? + c a L.JOT d TRACT N-2. 2 5499-3 M . B . 22(3/33-39 A; m; Z, ILOT A-21 V=50 • LOT I TRACT NO. 2S4 99-3 M.B.228/33-39 AD/US7f0 !0I I/Nf A fM. J_5499-3 L.QT 2 .... r:l' "i4 -3 ! tiAt. 2 M . E . C.2%81/33-39 • DELTA RADIUS LENGTH 3'.`i7 4) 1 Z CI C2 0,09'09" 3'42'09" 400.00' 400. 00' 1.06' 25.85' C3 17.05,50" 637. 00' 190.08' C4 10*01114" 255. 00' 44. 60' T4 D " 78-105 CALLE ESTADO — LA QUINTA. CALIFORNIA 92253 (6191 564-2246 FAX (619) 564-5617 February 11, 1992 Mr. Steve Robbins, P.E. ESCO 72-780 E1 Paseo, Suite E1 Palm Desert, CA 92260 SUBJECT: LOT LINE ADJUSTMENT 92-157 TRACT 25499-2 and TRACT 25499-3 Dear Mr. Robbins: The Lot Line Adjustment submitted for the above Tracts is hereby approved. You are hereby authorized to proceed with the recording of the Deeds for this Lot Line Adjustment. These deeds must be notarized. In addition, all deeds must show the following statement, "This deed reflects Lot Line Adjustment 92-157". Please note this Lot Line Adjustment is not valid until both of these deeds have been recorded. After the above deeds have been recorded, please submit copies to this Department. Failure to do so may delay issuance of any future building permits affected by this adjustment. If you have any questions, please contact the undersigned. Very truly yours, JERRY HE PLANNING & DEVELOPMENT DIRECTOR Associate Planner SS: Cos cc: Engineering Department Building & Safety Department Allan Levin; Sunrise Company Steve Walser; Landmark Land Company Attachments MAILING ADDRESS - P.O. BOX 1504 - LA QUINTA, CALIFORNIA 92253 LTRGT.078/CS -1- L.QT 22 M.B 2'Ui'/:51—B1 LOT 4 { TRAC T NO. 2S4 99-2 N.B.220/9/-97 010 10T 1/NE ;z ;z r 0a rA rN r O rm r a b im im �2 i� . r CI r A 1' R 1 $:5 A a/9, L-QT 4 TRACT N3Q . 25499-3 �- M . B . 22£3/33-39 r ILQT A-2I [OT 1 TRACT NO. 2S4 99-3 N.B.228/33-39 ADJUSTED 10T 1/NE L-Q'{ Tc<Ar! Nm L.MT 2 A— "' 2.:}499 .... y. Cl, iM. 199-3 �K71•. f• i:k. .. ':� . E? . c'29/33-39 DELTA RADIUS LENGTH C 1 0609,091, 400. 00' 1 . 06' 5(�y- YZ.--/S 7 C2 3'42'09" 400. 00' 25.85' C3 17605,501, 637.00, 190.08, C4 10.01'14" 255. 00' 44. 60' To Pate: "C- CITY ENGINEER --- CITY tM K-ZR --- FIRE PARWAL --- COhMIUTY SAFETY --- --- From : PLM�M & DEVELOPMENT Subject: PROJECT FREVEW Case: /t); �a PLEASE REVIEW AND PROVIDE ANY COMMENTS YOU MAY HAVE ON THE ATTACHED ITEM BY ")-' 7- COMMENTS LQT 22 TRACT NQ. 21642 M.B.2O2/51-61 I l0T 4 TRAC T NO. 254 99-2 d.8.220/91-97 M I Ol0 l07 IIM[ Iz b ;m LQT A-4 TRACT NQ. 25499-2 a, LQT 4 TRACT NQ. 25499-3 M.B.228/33-39 1-'=50' lOT 1 TRACT NO. 2S4 99-3 Y.8.228/33-39 AOJUSRO W l lN[ LQT A-1 TRACT N.Q. 25499-3 b,- I LQT 2 TRACT NQ. 25499-3 A-2 M.B.228/33-39 DELTA NAD I03 LENGTH CI 0.09'09- 400.00 1.06' C2 3.42'D9- 400.00' 25. 05' C3 17. 05'50- 637. 00' 190.08' C4 10'01'14- 235.00' 44. 60' 10T l /NE ADJUSTMENT TRACT NO::25499-2 8 25499-3 PREPARED BY: PREPARED FOR: ENGINEERING SERVICE SUNRISE DESERT PARTNERSI CORPORATION C/O SLWISE COMPANY 72-M EL PASEO. SUITE E-1 42.600 COOK STREET PALM OESERT. CA 92200 PALM OESERT.CA. f9191SSS-5997 2100.VX CONSULTANTS IN CIVIL ENGINEERING & LAND PLANNING CITY OF LA QUINTA 78-150 Calle Estado P.O. Box 1504 La Quinta, California 92253 Attention: Planning Dept. We are sending you X herewith under separate cover 1. Lot Line Adjustment Application 2. Check for $125.00 3. Plat showing proposed Lot Line Adjustment 4. Revised deeds 5. Preliminary Title Report in compliance with your request for execution and return (retain last copy) _ for your information X for approval Remarks: By: Steve Robbins, P.E. W.- February 3, 1992 Re: Lot Line Adjustment fur W. 0. No. 2100-88 72-780 EL PASEO, SUITE E-1 PALM DESERT, CA 92260 [619) 568-5997 - FAX: (619) 341-3336 708 PGA WEST DATE 1/14/92 000-04182 N 1/15/92 156418 15641T INVOICED GROSS NET CKREQ.8140 125.00 125.00 TOTAL 125.t DETACH AND RETAIN THIS STATEMENT THE ATTACHED CHECK IS IN PAYMENT OE ITEMS DESCRIBED BELOW IF NOT CORRECT PLEASE NOTIFY S OPROMPTLY NO RECEIPT DESIRED 1 or 4 TRAC r NO. 254 99-2 ;M M.B.220/91-97 OLD LOT LINE Iz ;z 1pp IA I Gj IO Im I C3c I %i a't9 t L A.1. 4 M . f3.1 283/33-391 z; LOT A-2 for 1 TRACT NO. 254 99-3 M.B.228/33-39 ADJUSTED LOT LINE A- i ?-3 L.i � • 1� tiff �ti �\ �]]F] DELTA RADIUS LENGTH CI 0.09'09" 400.00' 1.06' C2 3'42'09- 400.00' 25.85' C3 17.05'50" 637.00' 190.08, C4 10.01'14" 255.00' 44.60' L OT 1 /NE ADJUSTMENT TRAC r No : $ 254 99-2 8 254 99-3 PREPARED BY: ENGINEERING SERVICE CORPORATION 72-MO EL PASEO. SUITE E-1 PALM OESERT. CA 92260 t8193SM-6997 PREPARED FOR: SUNRISE DESERT PARTNERS C/O SUNRISE COMPANY 42.600 COOK STREET PALM OESERT.CA. DATE 2100-97X P.N. -,,s nwnvu ncuu,"i tU"T 4 AND WHEN RECORDEDL TO r Name ENGINEERING SERVICE CORPORATION Street 72-780 E1 Paseo, Suite E-1 Address Palm Desert, California 92260 City & State L Attention: Steve Robbins J MAIL TAX STATEMENTS TO r � Name Street LANDMARK LAND COMPANY Address 78150 Calle Tampico City & P.O. Box 1000 State L La Quints, CA 92253 J SPACE ABOVE THIS LINE FOR RECORDER'S USE CAT. NO. NNO0578 Corporation Grant Deed TO 1921 CA (6-86) THIS FORM FURNISHED BY TICOR TITLE INSURERS J z J f Q a The undersigned grantor(s) declare(s): Documentary transfer tax is $ ( ) computed on full value of property conveyed, or ( 1 computed on full value less value of liens and encumbrances remaining at time of sale. ( 1 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 GRANTS to Sunrise Desert Parners the following described real property in the County of Riverside State of California: That portion of Lot 1 of Tract Map No. 25499-3, Map Book 228, Pages 33-39, of Riverside County Records described more fully in the attached Exhibit "A". This deed reflects Lot Line Adjustment No. as approved by the City of La Quinta. In Witness Whereof, said corporation has caused its corporate name and seal to be affixed hereto and this instrument to be executed by its President and Secretary thereunto duly authorized. Dated STATE OF CALIFORNIA COUNTY OF �SS On , before me, the undersigned, a rvotaiy Public in a�,d fu, said State, persui4ly appeared personally known to me or proved to me on the basis of satis- factory evidence to be the person who executed the within instrument as the President, and personally known to me or proved to me on the basis of satisfactory evidence to be the person who executed the within instrument as the Secretary of the Corporation that executed the within instrument and acknowledged to me that such corporation executed the within instrument pursuant to its by-laws or a resolution of its board of directors. WITNESS my hand and official seal. im M. President Secretary Signature Title Order No. Escrow or Loan No. (This area for official notarial seal) r� • EXHIBIT'A' LEGAL DESCRIPTION THAT PORTION OF LOT 1 AS SHOWN ON MAP OF TRACT NO. 25499-3, FILED IN BOOK OF MAPS 228, PAGES 33 TO 39 INCLUSIVE, IN SAID OFFICE OF SAID COUNTY, DESCRIBED AS FOLLOWS: BEGINNING AT THE MOST NORTHWESTERLY CORNER OF SAID LOT 1, SAID POINT BEING THE NORTHERLY TERMINUS OF THAT LINE HAVING A BEARING AND DISTANCE OF N0046'09"W AND 157.38 FEET, SAID POINT ALSO BEING A POINT ON A CURVE, CONCAVE NORTHEASTERLY AND HAVING A RADIUS OF 255.00 FEET, A RADIAL TO SAID POINT BEARS S25054'35"W; THENCE ALONG THE BOUNDARY OF SAID LOT 1, AND SOUTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 16018157', AN ARC DISTANCE OF 72.61 FEET, A RADIAL TO SAID POINT BEARS S9035'38"W; THENCE S16025'08"W, A DISTANCE OF 148.62 FEET TO A POINT ON THE SOUTHERLY BOUNDARY OF SAID LOT 1, SAID LAST MENTIONED SOUTHERLY LINE BEING A CURVE CONCAVE NORTHEASTERLY AND HAVING A RADIUS OF 400.00 FEET, A RADIAL TO SAID LAST MENTIONED POINT BEARS S14°28'37"W; THENCE ALONG THE BOUNDARY OF SAID LOT 1 AND NORTHWESTERLY TO A POINT ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 3042'09", AN ARC DISTANCE OF 25.85 FEET, A RADIAL TO SAID POINT BEARS S18°10'46"W; THENCE N0046'09"W, A DISTANCE OF 157.38 FEET TO THE POINT OF BEGINNING. SAID PORTION OF LOT 1 CONTAINS 0.17 ACRES. I - , -- , • — -- --, oaru acace, personally oauretary I ` RECORDING REOUESTED ELY i I AND WHEN RECORDED MAIL TO r ENGINEERING SERVICE CORPORATION , Name 72-780 El Paseo, Suite E-1 Street Palm Desert, California 92260 Address City& Attention: Steve Robbins State L J MAIL TAX STATEMENTS TO Name SUNRISE COMPANY 42-600 Cook Street, Suite 200 Street Palm Desert, California 92260 City& State L Attention: Allan Levin J CAT. NO. NNO0586 TO 1925 CA (11-83) SPACE ABOVE THIS LINE FOR RECORDER'S USE partnership Grant Deed THIS FORM FURNISHED BY TICOR TITLE INSURERS The undersigned grantor(s) declare(s): Documentary transfer tax is ( ) computed on full value of property conveyed, or ( ) computed on full value less value of liens and encumbrances remaining at time of sale. ( ) Unincorporated area: ( ) City of , and FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Sunrise Desert Partners a limited partnership organized under the laws of the State of California hereby GRANTS to Sunrise Desert Partners, a California Limited Partnership the following described real property in the City of La Quinta County of Riverside , State of California. Revised Lot 4 more fully described in the attached Exhibit "A" This deed reflects Lot Line Adjustment No. as approved by the City of La Quints. Dated: STATE OF CALIFORNIA COUNTY OF _ , } SS. By On before By me, the undersigned, a Notary Public in and for said State, personally appeared personally known to me or proved to me on the basis of satisfactory evidence to be the person_ who exe- cuted the within instrument as of the partners of the partnership that executed the within instrument, and acknowledged to me that such partnership executed the same. WITNESS my hand and official seal. Signature (This area for official notarial seal) Title Ordcr No.— Escrow or Loan No EXHIBIT 'A' LEGAL DESCRIPTION REVISED LOT 41 TRACT NO. 25499-2 LOT 4 AS SHOWN ON MAP OF TRACT NO.25499-2, FILED IN BOOK OF MAPS 220, PAGES 91 TO 97 INCLUSIVE, IN THE OFFICE OF THE COUNTY RECORDER OF RIVERSIDE COUNTY, TOGETHER WITH THAT PORTION OF LOT 1 AS SHOWN ON MAP OF TRACT NO.25499-3, FILED IN BOOK OF MAPS 228, PAGES 33 TO 39 INCLUSIVE, IN SAID OFFICE OF SAID COUNTY, DESCRIBED AS FOLLOWS: BEGINNING AT THE MOST NORTHWESTERLY CORNER OF SAID LOT 1, SAID POINT BEING THE NORTHERLY TERMINUS OF THAT LINE HAVING A BEARING AND DISTANCE OF N0046'09"W AND 157.38 FEET, SAID POINT ALSO BEING A POINT ON A CURVE, CONCAVE NORTHEASTERLY AND HAVING A RADIUS OF 255.00 FEET, A RADIAL TO SAID POINT BEARS S25054'35"W; THENCE ALONG THE BOUNDARY OF SAID LOT 1, AND SOUTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 16018157", AN ARC DISTANCE OF 72.61 FEET, A RADIAL TO SAID POINT BEARS S9035138"W; THENCE S16025'08"W, A DISTANCE OF 148.62 FEET TO A POINT ON THE SOUTHERLY BOUNDARY OF SAID LOT 1, SAID LAST MENTIONED SOUTHERLY LINE BEING A CURVE CONCAVE NORTHEASTERLY AND HAVING A RADIUS OF 400.00 FEET, A RADIAL TO SAID LAST MENTIONED POINT BEARS S14°28'37'W; THENCE ALONG THE BOUNDARY OF SAID LOT l AND NORTHWESTERLY TO A POINT ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 3042'09", AN ARC DISTANCE OF 25.85 FEET, A RADIAL TO SAID POINT BEARS Sl8°10'46"W; THENCE NO°46'09"W, A DISTANCE OF 157.38 FEET TO THE POINT OF BEGINNING. SAID LOT 4 CONTAINS 3.34 ACRES. RECORDING REQUESTED=Y e AND WHEN RECORDEDOIL TO r Name Street Address City & State ENGINEERING SERVICE CORPORATION 72-780 E1 Paseo, Suite E-1 Palm Desert, California 92260 LAttention: Steve Robbins J MAIL TAX STATEMENTS TO r _1 Name LANDMARK LAND COMPANY Street 78150 Calle Tampico Address P.O. Box 1000 State City& LLa Quints, CA 92253 J CAT. NO. NNO0578 TO 1921 CA (6-86) SPACE ABOVE THIS LINE FOR RECORDER'S USE Corporation Grant Deed THIS FORM FURNISHED BY TICOR TITLE INSURERS The undersigned grantor(s) declare(s): Documentary transfer tax is $ ( 1 computed on full value of property conveyed, or ( 1 computed on full value less value of liens and encumbrances remaining at time of sale. ( 1 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 GRANTS to Landmark Land Company of California, Inc. the following described real property in the City of La Quints County of Riverside , State of California: Revised Lot 1 more fully described in the attached Exhibit "A". This deed reflects Lot Line Adjustment No. as approved by the City of La Quints. In Witness Whereof, said corporation has caused its corporate name and seal to be affixed hereto and this instrument to be executed by its President and Secretary thereunto duly authorized. Dated STATE OF CALIFORNIA COUNTY OF �SS On , before me, the undetstgned, a .votary Fuulic of did for said State, personally appeared personally known to me or proved to me on the basis of satis- factory evidence to be the person who executed the within instrument as the President, and personally known to me or proved to me on the basis of satisfactory evidence to be the person who executed the within instrument as the Secretary of the Corporation that executed the within instrument and acknowledged to me that such corporation executed the within instrument pursuant to its bylaws or a resolution of its board of directors. WITNESS my hand and official seal. M 0 President Secretary Signature Title Order No. Escrow or Loan No. (This area for official notarial seal) EXHIBIT'A' LEGAL DESCRIPTION REVISED LOT 1, TRACT NO. 25499-3 LOT 1 AS SHOWN ON MAP OF TRACT NO. 25499-3, FILED IN BOOK OF MAPS 228, PAGES 33 TO 39 INCLUSIVE, IN THE OFFICE OF THE COUNTY RECORDER OF RIVERSIDE COUNTY, EXCEPTING THEREFROM THAT PORTION OF LOT 1, DESCRIBED AS FOLLOWS: BEGINNING AT THE MOST NORTHWESTERLY CORNER OF SAID LOT 1, SAID POINT BEING THE NORTHERLY TERMINUS OF THAT LINE HAVING A BEARING AND DISTANCE OF N0046'09"W AND 157.38 FEET, SAID POINT ALSO BEING A POINT ON A CURVE, CONCAVE NORTHEASTERLY AND HAVING A RADIUS OF 255.00 FEET, A RADIAL TO SAID POINT BEARS S25054'35"W; THENCE ALONG THE BOUNDARY OF SAID LOT 1, AND SOUTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 16018157", AN ARC DISTANCE OF 72.61 FEET, A RADIAL TO SAID POINT BEARS S9°35'38"W; THENCE S16025'08"W, A DISTANCE OF 148.62 FEET TO A POINT ON THE SOUTHERLY BOUNDARY OF SAID LOT 1, SAID LAST MENTIONED SOUTHERLY LINE BEING A CURVE CONCAVE NORTHEASTERLY AND HAVING A RADIUS OF 400.00 FEET, A RADIAL TO SAID LAST MENTIONED POINT BEARS S14028'37'W; THENCE ALONG THE BOUNDARY OF SAID LOT 1 AND NORTHWESTERLY TO A POINT ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 3042'09", AN ARC DISTANCE OF 25.85 FEET, A RADIAL TO SAID POINT BEARS S18°10'46"W; THENCE N0046109"W, A DISTANCE OF 157.38 FEET TO THE POINT OF BEGINNING. SAID LOT 1 CONTAINS 2.56 ACRES. Issuing Office: CHICAGO Title Company 3880 LEMON STREET, RIVERSIDE, CALIFORNIA 92501 SUNRISE DESERT PARTNERS ATTN: ALLAN LEVIN 42-600 COOK ST., SUITE 200 PALM DESERT, CA 92260 Dated as of January 10, 1992 at 7:30 A.M. Your Ref: LOT LINE ADJ. Loan No: Order No: 531493 -07 In response to the above referenced application for a policy of title insurance, CHICAGO TITLE COMPANY 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 i.nter,attharein hereinafter set forth, insuring against lose whtnti m:+.y sustainer by reason of any defect, lien or encumbrance not shown or referred to as an Exception in Schedule B 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 in Exhibit A attached. Copies of the Policy forme should be read. They are available from the office which issued this report. 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. The form of policy of title insurance contemplated by this report is: California Land Title Association Standard Coverage Policy American Land Title Association Owner's Policy A.L.T.A. Residential Title Insurance Policy American Land Title Association Loan Policy Other: Title Officer U TEVE GAL" GH R Standard Coverage IN Extended Coverage n PRECSFP - 11/29/M Order No: 531493 -07 �`Cel:1:3 Dili m 1. The estate or interest in the land hereinafter described or referred to covered by this report is: A FEE 2. Title to said estate or interest at the date hereof is vested in: SUNRISE DESERT PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP, AS TO PARCEL 1 AND 7V LANDMARK LAND COMPANY OF CALIFORNIA, A DELAWARE CORPORATION, AS TO PARCEL 2 3. The land referred to in this report is situated in the State of California, County of RIVERSIDE and is described as follows: PARCEL 1: LOT 4 OF TRACT 25499-2, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS'PER MAP RECORDED IN BOOK 220, PAGES 91 THROUGH 97, INCLUSIVE OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. PARCEL 2: LOT 1 OF TRACT 25499-3, IN THE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 228, PAGES 33 THROUGH 39 INCLUSIVE OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. order No: 531493 -07 mr Page 1 l SCHEDULE B At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in the policy form designated on the face page of this Report would be as follows: 1. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 SECOND INSTALLMENT: CODE AREA: ASSESSMENT NO.: EXEMPTION: B AFFECTS: $4,933.38, UNPAID 020-025 761-480-017-2 NONE LOT 4 OF TRACT 25499-2 C 2. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 SECOND INSTALLMENT: CODE AREA: ASSESSMENT NO.: EXEMPTION: D AFFECTS: $265.51, UNPAID 020-025 761-480-024-8 NONE LOT 1 OF TRACT 25499-3 E 3. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 SECOND INSTALLMENT: CODE AREA: ASSESSMENT NO.: EXEMPTION: F AFFECTS: G H $446.80, UNPAID 020-025 761-480-030-3 NONE LOT 1 OF TRACT 25499-3 4. 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. 5. AN EASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS SET FORTH IN A DOCUMENT IN FAVOR OF: THE UNITED STATES OF AMERICA PURPOSE: WATER PIPE LINE NOT MORE THAN 27 INCHES INSIDE DIAMETER RECORDED: JANUARY 19, 1950 AS INSTRUMENT NO. 2277, OFFICIAL RECORDS AFFECTS: LOT 4 OF TRACT 25499-2 Order No: 531493 -07 Page 2 11 SCHEDULE B (continued) 6. AN EASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS SET FORTH IN A DOCUMENT IN FAVOR OF: IMPERIAL IRRIGATION DISTRICT PURPOSE: POWER LINE RECORDED: FEBRUARY 13, 1953 AS INSTRUMENT NO. 6915, OFFICIAL RECORDS AFFECTS: LOT 4 OF TRACT 25499-2 1 7. AN EASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS SET FORTH IN A DOCUMENT IN FAVOR OF: IMPERIAL IRRIGATION DISTRICT PURPOSE: POWER LINE RECORDED: FEBRUARY 25, 1953 AS INSTRUMENT NO. 8712, OFFICIAL RECORDS AFFECTS: LOT 4 OF TRACT 25499-2 K 8. THE MATTERS SET FORTH IN THE DOCUMENT SHOWN BELOW WHICH, AMONG OTHER THINGS, CONTAINS OR PROVIDES FOR: CERTAIN EASEMENTS; LIENS AND THE SUBORDINATION THEREOF; PROVISIONS RELATING TO PARTITION; RESTRICTIONS ON SEVERABILITY OF COMPONENT PARTS; AND COVENANTS, CONDITIONS, AND RECORDED: JANUARY 22, 1986 AS INSTRUMENT NO. 15569, OFFICIAL RECORDS L AMONG OTHER THINGS, SAID DOCUMENT PROVIDES AN EASEMENT 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. M SAID INSTRUMENT ALSO PROVIDES FOR THE LEVY OF ASSESSMENTS, THE LIEN OF WHICH ARE STATED TO BE SUBORDINATE TO THE LIEN OF CERTAIN MORTGAGES OR DEEDS OF TRUST MADE IN GOOD FAITH AND FOR VALUE. N MODIFICATION(S) OF SAID COVENANTS, CONDITIONS AND RESTRICTIONS RECORDED: JANUARY 30, 1986 AS INSTRUMENT NO. 22072, OFFICIAL RECORDS Order No: 531493 -07 to Page 3 1 SCHEDULE B (continued) 0 ATTACHED TO SAID DECLARATION AND MODIFICATION ARE RIDERS EXECUTED BY DIXIE SAVINGS AND LOAN ASSOCIATION AND BY SUNRISE LA QUINTA, 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. P THE PROVISIONS OF SAID COVENANTS, CONDITIONS, AND RESTRICTIONS WERE EXTENDED TO INCLUDE THE HEREIN DESCRIBED LAND BY AN INSTRUMENT RECORDED: DECEMBER 19, 1990 AS INSTRUMENT NO. 458029, OFFICIAL RECORDS 0 SAID MATTER AFFECTS: LOT 4 OF TRACT 25499-2 R THE PROVISIONS OF SAID COVENANTS, CONDITIONS, AND RESTRICTIONS WERE EXTENDED TO INCLUDE THE HEREIN DESCRIBED LAND BY AN INSTRUMENT RECORDED: FEBRUARY 19, 1991 AS INSTRUMENT NO. 54298, OFFICIAL RECORDS S SAID MATTER AFFECTS: LOT 1 OF TRACT 25499-3 T 9. THE MATTERS SET FORTH IN THE DOCUMENT SHOWN BELOW WHICH, AMONG OTHER THINGS, CONTAINS OR PROVIDES FOR: CERTAIN EASEMENTS; LIENS AND THE SUBORDINATION THEREOF; PROVISIONS RELATING TO PARTITION; RESTRICTIONS ON SEVERABILITY OF COMPONENT PARTS; AND COVENANTS, CONDITIONS, AND RESTRICTIONS. RECORDED: AUGUST 3, 1990 AS INSTRUMENT NO. 288874, OFFICIAL RECORDS U AMONG OTHER THINGS, SAID DOCUMENT PROVIDES AN EASEMENT FOR INGRESS, EGRESS, PARKING, DISPLAY AND EXHIBIT PURPOSES AND FOR THOSE EASEMENTS SET FORTH IN MASTER DECLARATION. V SAID INSTRUMENT ALSO PROVIDES FOR THE LEVY OF ASSESSMENTS, THE LIEN OF WHICH ARE STATED TO BE SUBORDINATE TO THE LIEN OF CERTAIN MORTGAGES OR DEEDS OF TRUST MADE IN GOOD FAITH AND FOR VALUE. Y THE PROVISIONS OF SAID COVENANTS, CONDITIONS, AND RESTRICTIONS WERE EXTENDED TO INCLUDE THE HEREIN DESCRIBED LAND BY AN INSTRUMENT RECORDED: NOVEMBER 26, 1990 AS INSTRUMENT NO. 428629, OFFICIAL RECORDS Order No: 531493 -07 Page 4 Ll x Y 2 SCHEDULE B (continued) SAID MATTER AFFECTS: LOT 4 OF TRACT 25499-2 THE PROVISIONS OF SAID COVENANTS, CONDITIONS, AND RESTRICTIONS WERE EXTENDED TO INCLUDE THE HEREIN DESCRIBED LAND BY AN INSTRUMENT RECORDED: FEBRUARY 19, 1991 AS INSTRUMENT NO. 54300, OFFICIAL RECORDS SAID MATTER AFFECTS: LOT 1 OF TRACT 25499-3 AA 10. AN EASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS SET FORTH IN A DOCUMENT IN FAVOR OF: LANDMARK LAND COMPANY OF CALIFORNIA, INC., A DELAWARE CORPORATION PURPOSE: PUBLIC UTILITIES, INGRESS, EGRESS, DRAINAGE AND IRRIGATION PURPOSES AND UNDERGROUND GOLF LINES RECORDED: JUNE 28, 1990 AS INSTRUMENT NO. 240358, OFFICIAL RECORDS AFFECTS: AS FOLLOWS: AB THOSE PORTIONS OF SAID LAND UPON WHICH STREETS, ROADS OR OTHER WAYS, AND UTILITIES AND OTHER LINES AND/OR SYSTEMS, ARE OR SHALL BE LOCATED PURSUANT TO SITE IMPROVEMENT AND OTHER PLANS APPROVED BY THE CITY OF LA QUINTA, CALIFORNIA, EXCEPT WITH RESPECT TO UNDERGROUND GOLF LINES (AS HEREINAFTER DEFINED), WHICH MAY BE LOCATED UPON ANY PORTION OF SAID LAND PROVIDED, HOWEVER, IN NO EVENT SHALL UNDERGROUND GOLF LINES BE PLACED OR LOCATED UNDER HOUSE PADS, SWIMMING POOLS AND/OR OTHER STRUCTURAL IMPROVEMENTS LOCATED UPON SAID LAND. AS USED HEREIN, "UNDERGROUND GOLF LINES" SHALL MEAN UNDERGROUND WATER, ELECTRICAL, DRAINAGE, AND COMMUNICATION LINES AND/OR SYSTEMS WHICH ARE NOW OR HEREAFTER PLACED OR INSTALLED ON THE PROPERTY AND WHICH ARE INTENDED TO BE UTILIZED FOR GOLF RELATED PURPOSES AJ AFFECTS: LOT 4 OF TRACT 25499-2 AD 11. A DEED OF TRUST TO SECURE AN INDEBTEDNESS IN THE AMOUNT SHOWN BELOW, AND ANY OTHER OBLIGATIONS SECURED THEREBY; AMOUNT: $6,789,911.10 DATED: JUNE 28, 1990 TRUSTOR: SUNRISE DESERT PARTNERS, A CALIFORNIA LIMITED Order No: 531493 -07 Page 5 SCHEDULE B (continued) PARTNERSHIP TRUSTEE: ORANGE COAST TITLE COMPANY, A CALIFORNIA CORPORATION BENEFICIARY: LANDMARK LAND COMPANY OF CALIFORNIA, INC., A DELAWARE CORPORATION RECORDED: JUNE 28, 1990 AS INSTRUMENT NO. 240359, OFFICIAL RECORDS AK AFFECTS: LOT 4 OF TRACT 25499-2 WITH OTHER PROPERTY AF AN ASSIGNMENT OF THE BENEFICIAL INTEREST UNDER SAID DEED OF TRUST WHICH NAMES. AS ASSIGNEE: OAK TREE SAVINGS BANK, S.S.B., A LOUISIANA STATE -CHARTERED SAVING AND LOAN ASSOCIATION RECORDED: JULY 3, 1990 AS INSTRUMENT NO. 246836, OFFICIAL RECORDS AG AN AGREEMENT TO MODIFY THE TERMS AND PROVISIONS OF SAID DEED OF TRUST AS THEREIN PROVIDED EXECUTED BY: SUNRISE DESERT PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP, ORANGE COAST TITLE COMPANY OF RIVERSIDE COUNTY, A CORPORATION AND OAK TREE SAVINGS BANK, S.S.B., A LOUISIANA STATE CHARTERED SAVINGS BANK RECORDED: DECEMBER 28, 1990 AS INSTRUMENT NO. 468817, OFFICIAL RECORDS AN 12. AN EASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS SET FORTH IN A DOCUMENT IN FAVOR OF: SOUTHERN CALIFORNIA GAS COMPANY, A CORPORATION PURPOSE: PIPE LINES RECORDED: JULY 20, 1990 AS INSTRUMENT NO. 268780, OFFICIAL RECORDS AFFECTS: COMMON AREAS (EXCLUSIVE OF BUILDING SITES) AL SAID MATTER AFFECTS: LOT 4 OF TRACT 25499-2 Al 13. AN EASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS SET FORTH IN A DOCUMENT IN FAVOR OF: GTE CALIFORNIA INCORPORATED, A CORPORATION Order No: 531493 -07 Page 6 SCHEDULE B (continued) PURPOSE: UNDERGROUND CONDUITS, MANHOLES, PEDESTALS, CABLES, WIRES AND APPURTENANCES RECORDED: SEPTEMBER 11, 1990 AS INSTRUMENT NO. 336348, OFFICIAL RECORDS AFFECTS: COMMON AREAS (EXCLUSIVE OF BUILDING SITES) AN SAID MATTER AFFECTS: LOT 4 OF TRACT 25499-2 AN 14. AN BASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS SET FORTH IN A DOCUMENT IN FAVOR OF: LANDMARK LAND COMPANY OF CALIFORNIA, INC., A DELAWARE CORPORATION PURPOSE: PUBLIC UTILITIES, INGRESS, EGRESS, DRAINAGE AND IRRIGATION PURPOSES, AND UNDERGROUND GOLF LINES RECORDED: DECEMBER 28, 1990 AS INSTRUMENT NO. 468819, OFFICIAL RECORDS AFFECTS: DESCRIBED AS FOLLOWS: AO THOSE PORTIONS OF SAID LAND UPON WHICH STREETS, ROADS OR OTHER WAYS, AND UTILITIES AND OTHER LINES AND/OR SYSTEMS, ARE OR SHALL BE LOCATED PURSUANT TO SITE IMPROVEMENT AND OTHER PLANS APPROVED BY THE CITY OF LA QUINTA, CALIFORNIA, EXCEPT WITH RESPECT TO UNDERGROUND GOLF LINES (AS HEREINAFTER DEFINED), WHICH MAY BE LOCATED UPON ANY PORTION OF SAID LAND PROVIDED, HOWEVER, IN NO EVENT SHALL UNDERGROUND GOLF LINES BE PLACED OR LOCATED UNDER HOUSE PADS, SWIMMING POOLS AND/OR OTHER STRUCTURAL IMPROVEMENTS LOCATED UPON SAID LAND. AS USED HEREIN, "UNDERGROUND GOLF LINES" SHALL MEAN UNDERGROUND WATER, ELECTRICAL, DRAINAGE, AND COMMUNICATION LINES AND/OR SYSTEMS WHICH ARE NOW OR HEREAFTER PLACED OR INSTALLED ON THE PROPERTY AND WHICH ARE INTENDED TO BE UTILIZED FOR GOLF RELATED PURPOSES. AD SAID MATTER AFFECTS: LOT 1 OF TRACT 25499-3 AQ 15. THE EFFECT OF AN AMENDED CONDOMINIUM PLAN RECORDED JANUARY 22, 1991 AS INSTRUMENT NO. 23446, OFFICIAL RECORDS (UNITS B-590 THROUGH B-604, INCLUSIVE). AR SAID MATTER AFFECTS: LOT 1 OF TRACT 25499-3 AS 16. AN EASEMENT FOR THE PURPOSE SHOWN BELOW AND RIGHTS INCIDENTAL THERETO AS SET FORTH IN A DOCUMENT IN FAVOR OF: SOUTHERN CALIFORNIA GAS COMPANY, A order No: 531493 -07 Page 7 SCHEDULE B (continued) PURPOSE: PUBLIC UTILITIES RECORDED: FEBRUARY 6, 1991 AS INSTRUMENT NO. 42716, OFFICIAL RECORDS AFFECTS: COMMON AREAS (EXCLUSIVE OF BUILDING SITES) AT SAID MATTER AFFECTS: LOT 1 OF TRACT 25499-3 AU SAID EASEMENT PROVIDES THAT NO BUILDINGS OR STRUCTURES SHALL BE ERECTED ON SAID EASEMENT. AV 17. THE EFFECT OF A CONDOMINIUM PLAN RECORDED OCTOBER 15, 1990 AS INSTRUMENT NO. 378019 (UNITS H-111 THROUGH H-122) AND AMENDED BY DOCUMENT RECORDED JUEN 12, 1991 AS INSTRUMENT NO. 197322, BOTH OF OFFICIAL RECORDS. AW SAID MATTER AFFECTS: LOT 4 TRACT 25499-2 END OF SCHEDULE B AY NOTE NO. 1: WIRING INSTRUCTIONS: IF YOU WANT TO WIRE TRANSFER FUNDS TO CHICAGO TITLE COMPANY, PLEASE USE THE FOLLOWING FORMAT: CHICAGO TITLE COMPANY RIVERSIDE COUNTY SUB -ESCROW ACCOUNT RECEIVING BANK SECURITY PACIFIC NATIONAL BANK BANK LOCATION UNIVERSITY BRANCH, RIVERSIDE, CA. BANK ABA NUMBER 122000043 PARTY TO CREDIT CHICAGO TITLE, RIVERSIDE COUNTY PARTY TO ACCOUNT NUMBER 327-082758 PARTY REFERENCE TITLE ORDER NO. _ AND TITLE OFFICER NOTE NO. 2: IF A 1970 ALTA OWNER'S OR LENDER'S OR 1975 ALTA LEASEHOLD OWNER'S OR LENDER'S POLICY FORM HAS BEEN REQUESTED, THE POLICY, WHEN APPROVED FOR ISSUANCE, WILL BE ENDORSED TO ADD THE FOLLOWING TO THE EXCLUSIONS FROM COVERAGE CONTAINED THEREIN: Order No: 531493 -00 Page 8 SCHEDULE B (continued) LOAN POLICY EXCLUSION: ANY CLAIM, WHICH ARISES OUT OF THE TRANSACTION CREATING THE INTEREST OF THE MORTGAGEE INSURED BY THIS POLICY, BY REASON OF THE OPERATION OF FEDERAL BANKRUPTCY, STATE INSOLVENCY OR SIMILAR CREDITORS' RIGHTS LAWS. OWNER'S POLICY EXCLUSION ANY CLAIM, WHICH ARISES OUT OF THE TRANSACTION VESTING IN THE INSURED, THE ESTATE OR INTEREST INSURED BY THIS POLICY, BY REASON OF THE OPERATION OF FEDERAL BANKRUPTCY, STATE INSOLVENCY OR SIMILAR CREDITORS' RIGHTS LAWS. 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I; -El I z 0 g 4 P, T. z US 8 IS a: M till 9 It LL cl 0 L.J 111-911 1 01 I'll ao Q_ �, r nk rn ZI I I LIST OF PRINTED EXCEPTIONS AND EXCLUSIONS CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY - 1990 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 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 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 Defect 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 (a) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the insured mortgage or 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 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 or 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. EXCEPTIONS FROM COVERAGE 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, which are 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. Reorder Form No. 12599 AMERICAN LAND TITLE ASSOCIATION RESIDENTIAL TITLE INSURANCE POLICY (6-1-87) EXCLUSIONS In addition to the exceptions in Schedule B, you are not insured against loss, costs, attorney's fees and expenses resulting from: 1. Governmental policy power, and the existence or violation of any law or government regulation. This includes building and zoning ordinances and also laws and regulations concerning: • land use • land division • improvements on the land • environmental protection This exclusion does not apply to the 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 Title 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 • that result in no loss to you • that first affect your title after the Policy Date -this does not limit the labor and material lien coverage in Item 8 of Covered Title Risks 4. Failure to pay value for your title. 5. Lack of a right: • 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. • • AMERICAN LAND TITLE ASSOCIATION LOAN POLICY (4-6.90) WITH ALTA ENDORSEMENT - FORM 1COVERAGE and AMERICAN LAND TITLE ASSOCIATION LEASEHOLD LOAN POLICY (4-6-90) WITH ALTA ENDORSEMENT - FORM 1 COVERAGE 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 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 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 priorto Date of Policy which would be binding on the rights of a purchaser for value without knowledge. 3. Defects, liens, encumbrances, adverse claims orother 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. 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 statutory lien for services, labor or materials (or the claim or 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. 7. Any claim, which arises out of the transaction creating the interest of the mortgagee insured by this policy, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws. The above policy forms may be issued to afford either Standard Coverage or Extended Coverage. In addition to the above Exclusions from Coverage, the Exceptions from Coverage in a Standard Coverage policy will also include the following General Exceptions: EXCEPTIONS FROM COVERAGE 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 by making inquiry of persons in possession thereof. 3. Easements, liens or encumbrances, or claims thereof, which are 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. AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY (4-6-90) and AMERICAN LAND TITLE ASSOCIATION LEASEHOLD OWNER'S POLICY (4-6-90) 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 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 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, 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; 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. 4. Any claim, which arises out of the transaction vesting in the insured the estate or interest insured by this policy, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws. The above policy forms may be issued to afford either Standard Coverage or Extended Coverage. In addition to the above Exclusions from Coverage, the Exceptions from Coverage in a Standard Coverage policy will also include the following General Exceptions: EXCEPTIONS FROM COVERAGE 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 by ma'.ing inquiry of persons in possession thereof. 3. Easements, liens or encumbrances, or claims thereof, which are 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. 0 0