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LLA 2005-438City of La uinta R"�ueCot Community Development Department 78-495 Calle Tampico Ltialifornia 92253 FAX: (760) 777-1233 OFFLC USE ONLY 4 - / Case No. OS - 436 . 14 Date Recvd. 7 / 15 / o S' Fee: Z S _nc Related Apps: Logged in by: 4m APPLICATION FOR LOT LINE ADJUSTMENT APPROVAL LOT LINE ADJUSTMENT applications are reviewed and approved by the Community Development Director pursuant to Chapter 13.32 of the Subdivision Regulations. The purpose of the review is to allow reconfiguration of two or more adjoining lots into sizes or shapes appropriate for desired uses and in compliance with Municipal Code requirements. 3*3.. ri9•>rir :0%%4.se6•4014:044#,*•v4+6wvv0 Ci 4.4•`iv •7%#•:1+0.— •m&B•<• :••,> APPLICANT MAILING ADDRESS 101 14A W 15 R GT Phone No: '541- eo 6 Y I CITY, STATE, ZIP PA v a D ie. s E mr t CA q 27- &,0 Fax No.—;Lp I *Owner "A" Name:-. AGW70A% VJFI EZ�PIMEiVT Address: _CT ALtu BStYtT r ,+ q aaa 6 0 Phone: 3t{ I, C) k(I (City) (Si te) (Zip) *Owner `B" Name: Address: (State) (Zip) *Owner"C" Phone: (City) (State) (Zip) *Attach sheet for additional owners PROPERTY DATA Properity A: Assessor's Parcel Number: e7o - 3 " ooG 1R1 i� Street Address (if any): Property B: Assessor's Parcel Number: 17 0 2.7 Street Address (if any): Property C: Assessor's Parcel Number: Street Address (if any): DESCRIPTION OF ADJUSTMENT REQUESTED: A161LA 1-7/16197 Appvd 2/2000 cdi GRANT DEED FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, Owner B hereby GRANTS to Owner A the real property in the City of La Quints County of Riverside State of California, described as (Property Description) that portion of land in Lot B which is overlaid by the reconfigured shape of Lot A pursuant to LLA approved by the City of La Quints. The reconfigured lots are described in Exhibits A and B attached hereto end made a part hereof. NOTE: This grant deed perfects the intent of Lot Line Adjustment = _ as approved by the City of La Quinta ❑ Attached to the Grant Deeds shall be Exhibits A and B, a metes and bounds legal description of the new parcels and a plat (8/2" x I I") of the new parcels, respectively (see attached sample Exhibits A and B). ❑ If structures or other improvements exist on the affected parcel(s), provide separate plot plan showing dimensioned, location in relation .to new property lines. ❑ Filing fee for Lot Line Adjustment. If filing multiple applications, the most expensive application will be charged full fee, with remaining related applications discounted 50% for each. If the nunber of lots adjusted exceeds two, then a Public Works Department plan check fee of $50,00 per lot (over two lots) shall be paid in addition to Lot Line Adjustment fee. 44444404404040-14 44�444^OIi4,S•6'I-•�-04,G&*4,44v64.-""441S•+: e��e SIGNATURE OF APPLI NAME OF APPLICANT (Print) SIGNATURE OF. PROPERTY OWNE M IF NOT SAME AS APPLICANT: NAME OF OWNER pAV1O cnr+° nn d (Print) iATE 6 LLC.� DATE � •• !�-7 6 5� DATE fQ. L�T 61�6' SIGNATURE OF PROPERTY OWNER `B" IF NOT SAME AS APPLICANT: DATE NAME OF OWNER DATE (Print) SIGNATURE OF PROPERTY OWNER "C" IF NOT SAME AS APPLICANT: DATE NAME OF OWNER DATE _ (Print) (Separate written authority by owner to submit application may be provided) I hereby certify that all information contained in this application, including all plans and materials required by the City's application submission requirements, is, to the best of my knowledge, true and correct. FALSE OR .MISLEADING INFORMATION GIVEN IN THIS APPLICATION SHALL BE GROUNDS FOR DENYING APPLICATION. 1 hereby grant the City authority to enter onto the property to conduct site inspections and to post required public notices. A16:LLA 1-7/16/97 Appvd 2/2000 cdi Cl Ll T4hf ( 4 a" OCT 1) 4 loos Engineering Plan Check Application and Lot Line Adjustment Project: ��1� f,�,, (10 G� P� Date: 1 i`i 2,:>0( Development Identification Mao/Plans Submitted for Checkire SuQ=or's Checking Fee $50 x _L, Lots CITY ACCOUNT INFORMATION Total Fee: $ j O(,1 op 101-000-443-318 APPLICANT INFORMATION PERSON wo IS RESPONSIVE MR PLAN CNECI: ADi.INISfRATVE DUDES: ENGNEERNG FWWPERSON REEPONSIRLE FOR PREPARING PV S/MAPS: >:�MFOF FiN NMROFNN "Op"a* AnoRFss CA zzrr srATR m crry nwlE zo �U, r)u�.23,\-< IUOCA�a LlhU Gzjg1A -117.Gi1�_6� ,R,s FwF mnxaxe FAT cr YSTAFF DATE 78-495 Calle Tampico • P.O. Box 1504 • La Quint,, CA 92253 • (619) 777-7075 • IFaxl 7 i7;-71 - - GiPWDEP1100CS\FORMSI'WT.F/PO '-�"':{�'' � . Engineering Plan Check Application and Fee Lot Line Adjustment Project: a1�'� �� ��a L ; �a P� Date: Y Ict Z V Development Identification Number. Map/Plans Submitted for Checking Fee Surveyor's Checking Fee $50 x Lots /Cho U C, CITY ACCOUNT INFORMATION Total Fee: $ 101-000-443-318 APPLICANT INFORMATION EERSON WHO IS RE9O MU FOR PLAN CMAOJMMA7NE MMEL ENMEERFNG FMWPERSON RESPONSIBLE FOR PREPARLNG PLAW~S: N.uapniN N11160iiYN 1yG.E22, lGl"�1f?I t_n l—fir-( L1r17 rr 10�- OA RAl[ - m [RV ltA1E 7-8F ilia . Gila i TF3< < 1LOO ` PA V4_2U q.,�� �'� '. iNt lE1dNOME i.V MYSTM DATE 78-495 Calle Tampico • P.O. Box 1504 • La Ouinta, CA 92253 • (6191 777-1075 • (Fax) 777-71P.-.- G:LPWLB:PLIOOCSYURMffw7.WPD '-'^ ^ �+' City Of LAQuinta FINANCE p OFF�CE USE ONLY Rewm�9 Code 3 7 Community Development Department `FdoF, 78-495 Calle Tampico Case No. 1 os • 436 La Quinta, California 92253 Date Reed. -7 L _, /o s- Fee:S Z_• t (760) 777-7125 FAX: ('760) 777-1233 Related Apps:__ Logged in by:— _ APPLICATION FOR LOT LINE ADJUSTMENT APPROVAL LOT LINE ADJUSTMENT applications are reviewed and approved by the Community Development Director pursuant to Chapter 13.32 of the Subdivision Regulations. The purpose of the review is to allow reconfiguration of two or more adjoining lots into sizes or shapes appropriate for desired uses and in compliance with Municipal Code requirements. GGGGjoGGGroGGGv*•;•g••;•�.GGGGGGGGGGG<rG G •r GGGGGG•;••;•+o,.,. APPLICANT MAILING ADDRESS to l k A w I s H C--r Phone No: 34I- o d cr l CITY, STATE, ZIP PA LF.,L 0 e. s sT- 14r q Z 2 (oo Fax No. q 1- L ,1O 1 *Owner "A" Name: 69W-1npL) �/FZ dAyt�CC7i/'T Address: 101 kMA/ISH CT Ae-►.& EetV'r CA• 90ka6O Phone: 3.t( J' 06 C( I (City) (Sbite) (Zip) *Owner `B" (City) . *Owner "C" Name: BENTON DEVELOPMENT, LLC PAY TO THE ORDER OF C l 74 --% A ree MEMO LoT �7•0 T/IA-p'nW 0 �NgsT�xs clIZ«t L-07 LINT Phone: -- (zip) PALM DESERT NATIONAL BANK PALM DESERT, CA 92260 90-3858-1222 450 :7/Z 0 /05 $ 3S0 as DOLLARS 110004500■ 1:1222385851: 00;1g,OB3996ii' AawN o lau October 12, 2007 McGee Surveying 79-301 Country Club Drive Suite 102 Bermuda Dunes, CA. 92203 Dear Mr. McGee, On October 11, 2005, our office forwarded corrections to you regarding Lot Line Adjustment 05-438. As a two year period has since passed and no action has been taken by the applicant regarding this Lot Line Adjustment application, our office has denied the request and is closing the file. If you wish to continue to pursue this lot line adjustment, please resubmit a new application with updated exhibits. If you have any questions, please contact me at (760) 777-7068. Sincerely, rew J. Mogensen, rincipal Planner 11.0. Bwx I50i ^ 1— O1 In I n, ( 1111t)la\'l \ 922-4 i 1501 76-095 CUI -I 'I vNirito 1,\ M IN A, C,\i.iiole,\i\ 9 2,-0, C:File, Benton Development, PN-f(1) 7/7-7000 1-AX ( 7 6 0 ) ,7, 7101 e �2 0 E TV October 12, 2007 Benton Development 101 Kawish Ct Palm Desert, CA 92260 Dear Applicant, On October 11, 2005, our office forwarded corrections to you regarding Lot Line Adjustment 05-438. As a two year period has since passed and no action has been taken by the applicant regarding this Lot Line Adjustment application, our office has denied the request and is closing the file. li' you wish to continue to pursue this lot line adjustment, please resubmit a new application with updated exhibits. If you have any questions, please contact me at (760) 777-7068. Sincerely, An ew J. Mogensen, Principal Planner �i.uoRNn1,v 9224 1501 78--19b i.i r l �nu�i� a LA Qt i, i �, (. �i u�nievi.� 9>` ,):; al C: File, McGee Surveying, ( 760) 7 7 7 - 7 0 0 0 -1;A '( 760) 7 7 7 - 7 1 01 P.O. Box 1504 LA QUIN'rA, CALIFORNIA 92247-1504 78-495 CALL& TAMPICO (760) 7 7 7 - 7 0 0 0 LA QuINrA, CALIFORNIA 92253 FAX (760) 777-7101 October 11, 2005 McGee Surveying 79-301 Country Club Drive Suite 102 Bermuda Dunes, CA. 92203 Dear Mr. McGee, Attached with this letter are the edited exhibits for LLA 05-438. Please review the attached comments and provide the corrected exhibits along with the following information regarding your proposed lot line adjustment: 1. Information is needed concerning the correct current the owner of the golf course parcel (lot 94) and lot 70. 2. The title report for the golf course parcel (lot 94) will need to be submitted. If you have any questions, please contact me at (760) 777-7068. Sincerely, Andrew J. Mogensen, Associate Planner C: McGee Surveying, File 0 Lf) �-X:!=6 0:0 0= z z o0 0 p0:rwcr o az Elo ;x z mwi � D avQ�Q c�Z�a zov Z W X m Vf Lij ^�r O •vim z �^ 2 O > Or: o0 m U) N O c> N r�bU v=i m FZ• Hw z � cc O 00 O say 8, M o N N O // 1 r / / / r O 0 Community Development P.O. BOX 1504 - LA QUINTA, CA 92247 PH:760-777-7125 FAX:760-777-1233 TRANSMITTAL MEMO TO: ENGINEERING / PUBLIC WORKS DEPARTMENT '�L FROM: Andrew J. Mogensen, Associate Planner (760-777-7068) DATE: OCTOBER 5, 2005 APPLICANTS: Benton Development CASE(S): LLA 05-438 LOCATION/SITE: Lot 70 & 94, Tract 28867 PROJECT: Lot Line Adjustment 2005-438 DESCRIPTION: The applicant is proposing to modify the rear lot line. Attached is the lot line adjustment information submitted by the project Proponent. '.subdivision Ordinance Section 13.32 applies to lot line requests. Please review and provide any comments you may have on this proposal by October 21", 2005 via mail, courier, fax to (760) 777-1233, or email to amogensen@la-quinta.orq . If you have any questions, please contact me at (760) 777-7068. PLEASE REVIEW AND RESPOND TO THIS PROPOSAL NO LATER THAN: October 21", 2005. Attachments: LLA 05-438 ?9--3cI c, Liary C t #162 [�!—Aic)dc� 00/)�S( r 9z203 P:\Andy's\Lot Line Adjustments\LLA Agency Transmittal.doc IL nA n SHEET 1 OF 2 EXHIBIT L 0T L/NE ADJUSTMENT 2005 L -3-s RECORD 'OWNERS •--._ ASSESSOR PARCEL NUMBERS FISHER CAP/TAL PARTNERS, L.P., A LIMITED PARTNERSHIP '- 770-350-006 770-270-018 LEGAL DESCRIPTION ` PARCEL 'A' (ADJUSTED LOT 70, TRACT NO. 28867) IN THE CITY OF LA DU/NTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, IN SEC77ON 7, T. 6 S, R. 7 E., S.B.B. & M.: LOT 70 OF TRACT 28867, AS SHOWN BY MAP ON FILE IN BOOK 276, PAGES 69 THROUGH 78, TOGETHER/W h A PORTION OF LOT 94 OF TRACT NO. 28470-1, AS SHOWN BY MAP ON FILE IN BOOK 263, PAGES 76 THROUGH 90, OFFICIAL RECORDS OF SAID COUNTY OF RIVERS/DE, MORE PARTICULARLY DESCRIBED AS A WHOLE AS FOLLOWS BEGINNING AT THE NORTHERLY CORNER OF SAID LOT 70; THENCE NJI44"49 E, ALONG THE PROLONGATION OF THE NORTHWESTERLY LINE OF SAID LOT 70, A DISTANCE OF 6.25 FEET,- 7HENCE 558473"18 E, A DISTANCE OF 95.00 FEET TO THE EASTERL Y CORNER OF SAID LOT 70,- THENCE SJ1'4449 W, ALONG 7HE SOUTHEASTERLY LINE OF SAID LOT 70, A DISTANCE OF 17631 FEET TO THE SOUTHERLY CORNER OF SAID LOT 70, / THENCE N5733i8"W, ALONG THE SOUTHWESTERLY L/NE OF SAID LOT 70, A DISTANCE OF 95.01 FEET, TO THE WES7ERLY CORNER OF SAID LOT 70,• THENCE N31'4449"E, ALONG THE NORTHWESTERLY LINE OF SA1DF LOT 70, A DISTANCE OF 169.23 FEET TO THE POINT OF BEGINNING. TOTAL AREA OF PARCEL 'A" = 16,709 SO. FT. (0.38 AC MORE OR LESS) \0NIaL LAND 9 �vyy y�,E A. a A No. 5479 x Exp. 9/30/06 SUBJECT TO ALL COVENANTS, CON0/77ONS, RESERVA77ONS, R£STR/C77ONS, RIGHTS OF WA Y, EASEMENTS, OR £XCEP77ONS OF RECORD, IF ANY. P O,F CAL 1 F �� It. EXHIBIT fin SHEET 2 OF 2 L 0 T LINEADJISTMEIVT 2005-AW43$ RECORD OWNERS ASSESSOR PARCEL NUMBERS FISHER CAPITAL PARTNERS, L.P., A LIMITED PARTNERSHIP 770-350-006 770-270-018 LEGAL DESCRIPAON PARCEL F (FROM LOT 94, TRACT 28470-1, TO LOT 70, TRACT NO.. 28867) IN THE CITY OF LA QUINTA,_ COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, IN SECTION 7, T 6 S, R. 7 E., SB.B. & M: i. LOT 94 OF TRACT NO.. 23240=T AS SHOWN BY MAP DIV FILE IN BOOK.27 PAGES 69 THROUGH 78, OFFICIAL RECORDS OF SAID COUNTY OF RIVERSIDE, EXCEPRNG THEREFORM THE' FOLLOWING DESCRIBED PARCEL: BEGINNING AT 7HENORTHERLY CORNER OF SAID LOT 70 OF TRACT 28867,- THENCE N314449 E ALONG THE PROLONGATION OF THE NORTHWESTERLY LINE OF SAID LOT 70, A DISTANCE OF 6.25 FEET - THENCE S58VThrE, A DISTANCE OF 95.00 FEET, TO THE EASTERLY CORNER OF SAID LOT 70;. THENCE N61'49'12`W, ALONG THE NORTHEASTERLY LINE OF SAID LOT 70, A DISTANCE OF 95.18 FEET, TO THE POINT OF BEGINNING. TOTAL AREA OF PARCEL B" = 297 SO.. FT. (0.01 AC. MORE OR LESS) �p,L LANo 3NE GPL A �� A0. 5479 ((Exp. 9/30/06SUBJECT TO ALL COVENANTS, CONDITIONS, RESERVATIONS, RESTRICTIONS, ��`PRIGHTS OF WAY, EASEMENTS, OR EXCEP77ONS OF RECORD, IF ANY.)F CAL F� 0 �0-1 M� Z_ 1 60000 ►Z Woo 0 on m T a, W Np Z U O Z m W t H p � Gp N O , I h, bIF � (� 0 N Q N ow 2-1 FgZ IFN 2 ry ��� Z N ¢ �� Q��� •sg� F 2y .ri . 0CD "'✓ / QI"S9 �/ s�l NIP No CDo ry. II , cn o , 0 M I k E K-1 Parcel name: PARCEL"A" North: 576443.91 Line Course: N 31-44-49 E North: 576593.14 Line Course: S 58-03-18 E North: 576542.87 Line course: S 31-44-49 w North: 576392.94 Line Course: N 57-33-18 w North: 576443.91 CLOSURE East : 1998539.14 Length: 175.48 East : 1998631.47 Length: 95.00 East : 1998712.08 Length: 176.31 East : 1998619.31 Length: 95.01 East : 1998539.13 Perimeter: 541.80 Area: 16,709 sq. ft. 0.38 acres Mapcheck Closure - (Uses listed courses, radii, and deltas) Error Closure: 0.01 Course: S 61-12-00 E Error North: -0.003 East : 0.006 Precision 1: 54,181.00 Parcel name: PARCEL"B" North: 576773.80 Line Course: S 58-03-18 E North: 576723.54 Line Course: N 61-49-12 w North: 576768.49 Line Course: N 31-44-49 E North: 576773.80 East : 1998748.80 Length: 95.00 East : 1998829.41 Length: 95.18 East : 1998745.51 Length: 6.25 East : 1998748.80 Perimeter: 196.43 Area: 297 sq. ft. 0.01 acres Mapcheck Closure - (Uses listed courses, radii, and deltas) Error Closure: 0.00 Course: S 58-28-49 E Error North: -0.002 East : 0.003 Precision 1: 196,430,000.00 Page 1 '° o ,5 30 NOTE.- EXHIBIT "Bn IIMS PUT WAS PREPARED fROI RECORD DAM AND L.L.A. 2005—XX DOES NOT REPRESENT A SURVEY OF THE PROPERTY L SHOWN HEREON. THIS MAP HAS BEEN APPROVED UPOV THE EXPRESSED COND/DON THAr BUILDING ( IN FEET ) PERMITS SHALL NOT BE ISSUED FOR ANY DEVELOPMENT 1 inch = 30 ft. WTHIN THIS A&LISTMENr PUT UNTIL NECESSARY DEOICADONS; IF ANY, HAVE OCCURRED. NOTE.- L LANQ SG THERE MAY BE [ASEMEN7S OF �5� AlNk A,fc� RECORD DELINEATED AND REFERENCED o 10, OV THE UNDERLYING MAP, OR THERE a $ MAYBE EASEMENIS W11HIN THE AREA NO. 5479 BEING AD,AISTED THAT ARE NOT SHOWN or Exp. 9/30,Ioe OV THIS DOCUMENT THAT COULD ENCUMBER SAID PARCEL HEREIN. f OF CAL' RO DEL GA TO DRIVE LOT �73 P.o.a. n (GOLF COUR.SFJ NJ1'44'49"E 175.48' 169.2J' 1 1 T I LOT LINE ADJUSTED 6.25' 00 PARCEL 'A' I 0.38 AC. t li 0' P.UE. LOT LINE TO BE a 70 18.5, I LOT AOd1/S7E0 7i-9CT IvO, 2J967 PARCEL RE I n�.27sr6�..7� LIPl1 77.9,350"00b 0.01 AC. I Y I I ` I \ I SJ1'44'49'W 176.31' LOT 7I I LOT LINE ADJUSTMENT - CITY OF LA OUINTA PREPARED BY. APPLICANT Ij ELIZABETH BENTON 101 KAWISH CT PALM DESERT CA 92260 I WA YNE A. McGEE DALE L.S. 5479 EXP: 91JO106 AUG-23-05 09:51AM FROM -Southland S @ 6 Escrow 949-759-0410 T-TOS P.007/015 f-141 RECORDING REQUESTED BY: SOUTHLAND TITLE - INLAND EMPIRE (Title) AND WHEN RECORDED MAIL TO: Benton Development LLC- 78541 Deacon Drive East La Quinta, CA 92253 A.P.N.! 770-350-006-6 COPY of Document Recorded on us No. (g"9J( has not been compared with original. GARY ORSO County Recorder RIVERSIDE COUNTY CALIFORNIA GRANT DEED TH THE UNDERSIGNED GRANTOR(S) DECLARE(S) DOCUMENTARY TRANSFER TAX IS [ ] computed on full value of property conveyed, or [ ] computed an full value less value of liens or encumbrances remaining at time of sale. [ ] unincorporated area [ ] City of La Quinta S FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, David Chapman Investments, LLC. A Delaware Limited Liability Company hereby GRANT(S) to This document was filed for recording by Benton Development, LLC. A California Limited Liability Company Southland Title lrlsuranc:e Company as an accomodation only, It has not been examined as to it execution or as to it's effect upon the title, the following described real property in the County of Riverside, State of California `Phis_deed_ is being recorded to F adjustmen-_Piled intheCity of Le Dated: July 28, 2005 STATE OF CALIFORNIA COUNTY OF �cdel ��c� SS. On a before me a Notary Public in and for said County and State, personally appeared Dci,y"A C6�arrnccn e (or proved tome on the basis of atisfactory evidence) to be the person (y!) whose name,(Q s re subscribed to the w thin instrument and acknowledged to me that f&shelthey executed the same inif is her/their authorized c'apacity(rs) and that b)mi er/their signature (,6) on the instrumentth person(s), or the entity upon behalf f which the person(b), a&V, executed the instrument. i WITNESS myh not aicial sea -IC" — Signature Signature of Notary David Chapman, Sole Member lotline iverside CARIN 1. MOON Commission A 1385910 " 4 Notary Public - California ' S My Riverside County Comm. E+Wlres NOv 19, 20p6 (This area for official notary seal) MAIL TAX STATEMENTS AS DIRECTED ABOVE LandAmerica Southland Title 650 EAST HOSPITALITY LANE, SUITE 280 SAN BERNARDINO, CA 92408 PHONE: (909) 890-9109 DAVID CHAPMAN INVESTMENTS 78505 OLD AVENUE 52 LA QUINTA, CA 92253.1120 Attention: TREVOR PRINTZ Escrow No.: Order No.: 65622944 DATED AS OF August 26, 2005 AT 7:30 A.M. "PRELIMINARY REPORT" IN RESPONSE TO THE ABOVE REFERENCED APPLICATION FOR A POLICY OF TITLE INSURANCE, SOUTHLAND TITLE HEREBY REPORTS THAT 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 AND LIMITATIONS ON COVERED RISKS OF SAID POLICY OR POLICIES ARE SET FORTH IN EXHIBIT 1 ATTACHED. LIMITATIONS ON COVERED RISKS APPLICABLE TO THE CLTA AND ALTA HOMEOWNER'S POLICIES OF TITLE INSURANCE WHICH ESTABLISH A DEDUCTIBLE AMOUNT AND A MAXIMUM DOLLAR LIMIT OF LIABILITY FOR CERTAIN COVERAGES ARE ALSO SET FORTH IN EXHIBIT 1. 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 1 OF THIS REPORT CAREFULLY. THE EXCEPTIONS AND EXCLUSIONS ARE MEANT TO PROVIDE YOU WITH NOTICE OF MATTERS THAT 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. THE FORM OF POLICY OF TITLE INSURANCE CONTEMPLATED BY THIS REPORT IS: CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY SOUTHLAND TITLE DANNY OSBORN, TITLE OFFICER Fax: () ORDER NO. 65622944 SCHEDULE A THE ESTATE OR INTEREST IN THE LAND HEREINAFTER DESCRIBED OR REFERRED TO COVERED BY THIS REPORT IS: A FEE TITLE TO SAID ESTATE OR INTEREST AT THE DATE HEREOF IS VESTED IN: Benton Development LLC, a California Limited Liability Company THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF RIVERSIDE, AND IS DESCRIBED IN THE ATTACHED EXHIBIT "A": "WE HAVE ENCLOSED EXTRA COPIES OF THE LEGAL DESCRIPTION FOR YOUR CONVENIENCE." ORDER NO. 65622944 EXHIBIT "A" Lot(s) 70 of Block of Tract No. 28867, in the City of La Quinta, County of Riverside, State of California, as per Map recorded in Book 276 Page(s) 69 — 78 of Miscellaneous Maps, in the office of the County Recorder of said County. Except therefrom that portion Beginning at the Northerly corner of said Lot 70; Thence N31° 44' 49" E, along the prolongation of the Northwesterly line of said Lot 70, a distance of 6.25 feet; Thence S580 03' 18"E, a distance of 95.00 feet, to the Easterly corner of said Lot 70; Thence S310 44' 49" W, along the Southeasterly line of said Lot 70, a distance of 176.31 feet, to the Southerly corner of said Lot 70; Thence N57° 33' 18"W, along the Southwesterly line of said Lot 70, a distance of 95.01 feet, to the Westerly corner of said Lot 70; Thence N31 ° 44' 49"E, along the Northwesterly line of said Lot 70, a distance of 169.23 feet - to -the point of beginning. By that certain Lot line adjustment No. 2005-xx recorded August 19, 2005 as Instrument No. 684937, Official Records. ORDER NO. 65622944 SCHEDULE B AT THE DATE HEREOF EXCEPTIONS TO COVERAGE IN ADDITION TO THE PRINTED EXCEPTIONS AND EXCLUSIONS IN SAID POLICY FORM WOULD BE AS FOLLOWS: A. Property taxes, including general and special taxes, personal property taxes, if any, and any assessments collected with taxes, to be levied for the fiscal year 2005 - 2006 which are a lien not yet payable. B. Property taxes, including general and special taxes, personal property taxes, if any, and any assessments collected with taxes, for the fiscal year shown below, are paid. For, proration purposes the amounts are: Fiscal year: 2004 — 2005 1st Installment: $3,932.51 2nd Installment: $3,932.51 Homeowners Exemption: $(none shown) Code Area: 020-121 Assessment No.: 770-350-006-6 C. If Southland Title is asked to hold money for any taxes shown above, a satisfactory indemnity along with written consent by Borrower/Seller and/or Lender MUST be submitted prior to closing. Please contact your title officer for the appropriate forms. D. Assessments, if any, for community facility districts affecting said land which may exist by virtue of assessment maps or notices filed by said districts. E. Supplemental or escaped assessments of property taxes, if any, assessed pursuant to the Revenue and Taxation Code of the State of California. 1. Water rights, claims or title to water, whether or not shown by the public records. 2. An easement for the purpose shown below and rights incidental thereto as set forth in a document Purpose: roads Recorded: July 23, 1828 in Book 771, Page 245, of Deeds Affects: said land 3. An easement for the purpose shown below and rights incidental thereto asset forth in a document Purpose: roads Recorded: December 23, 1830, in Book 867, Page 188, of Deeds Affects: said land El ORDER NO. 65622944 4. An easement for the purpose shown below and rights incidental thereto as set forth in a document Purpose: a water pipe line Recorded: November 24, 1952 in Book 1418, Page 274, Official Records Affects: said land 5. An easement for the purposes shown below and rights incidental thereto as shown or as offered for dedication on the recorded map shown below Map of: said Tract Easement purpose: public utilities Affects: the Southwesterly 10.00 feet 6. Covenants, conditions and restrictions as set forth in the document Recorded: July 25, 1997 as Instrument No. 262677, Official Records But omitting any covenant, condition and restriction, if any, based on race, color, religion, sex, handicap, familial status or national origin unless and only to the extent that the covenants, condition or restriction (a) is exempt under title 42 of the United States Code, or (b) relates to handicap, but does not discriminate against handicapped persons. Note: Section 12956 of the Government Code provides the following: If this document contains any restrictions based on race, color, religion, sex, familial status, marital status, disability, national origin, or ancestry, that restriction violates state and federal fair housing laws and is void. Any person holding an interest in this property may request that the county recorder remove the restrictive language pursuant to subdivision (c) of Section 12956.1 of the Government Code. Said covenants, conditions and restrictions provide that a violation thereof shall not defeat the lien of any mortgage or deed of trust made in good faith and for value. Said instrument also provides for the levy of assessments, the liens of which are stated to be subordinate to the lien of any mortgage or deed of trust made in good faith and for value. And re -recorded: August 15, 1997 as Instrument No. 292176, Official Records The provisions of said covenants, conditions and restrictions were extended to include the herein described land by an instrument Recorded: March 17,1999 as Instrument No. 110219, Official Records The effect of a Document entitled "Notice", by and between Coachella Valley Water District and Tradition Club Associates, LLC, recorded June 29, 1998 as Instrument No. 265367 of Official Records, Riverside County, California. Reference is made to said document for full particulars. ® 0 ORDER NO. 65622944 8. The effect of a Document entitled "Domestic Water and/or Sanitation System Installation Agreement", dated March 12, 1999 by and between Coachella Valley Water District, a public agency of the State of California and Tradition Club Associates, LLC, recorded May 13, 1999 as Instrument No. 1999-207707 of Official Records, Riverside County, California. Reference is made to said document for full particulars. 9. A deed of trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby Amount: $1,750,000.00 Dated: June 10, 2004 Trustor: Benton Development LLC, a California Limited Liability Company Trustee: El Paseo Financial, Inc. Beneficiary: Palm Desert National Bank Recorded: June 16, 2004 as Instrument No. 2004-0461266, Official Records Original Loan No.: 7168/47256 10. An assignment of all monies due or to become due as rental or otherwise from said land, to secure payment of an indebtedness, shown below and upon the terms and conditions therein Amount: $(none shown) Assigned to: Palm Desert National Bank By: Benton Development LLC, a California Limited Liability Company Recorded: June 16, 2004 as Instrument No. 2004-0461267, Official Records 11. A financing statement filed in the office of the County Recorder, showing: Debtor: Benton Development LLC Secured Party: Palm Desert National Bank Date: (none shown) Recorded: June 16, 2004 as Instrument No. Property Covered: herein described property 12. A claim of Mechanic's Lien 2004-0461268, Official Records Amount: $55,981.60 Claimant: Stonecrect Marble and Granite Co., Inc., a California Corporation Recorded: July 15, 2005 as Instrument No. 2005-0565927 Official Records 13. Any claims for mechanics' liens on said land that may be recorded, by reason of a work of improvement that is disclosed by the document shown below Document: Construction Deed of Trust Recorded: June 16, 2004 as Instrument No. 2004-0461266, Official Records End of Schedule B See "Notes and Requirements" W ORDER NO. 65622944 NOTE California Insurance Code §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 deposited with the Company via wire transfer may be disbursed upon receipt. Funds deposited with the Company via cashiers or teller's checks drawn on a California -based bank may be disbursed the next business day after the day of deposit. If funds are deposited with the Company by other methods, recording and/or disbursement may be delayed. All escrow and sub -escrow funds received by the Company will be deposited with other escrow funds in one or more non -interest bearing escrow accounts of the Company in a financial institution selected by the Company. The Company and/or its parent company 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 such financial institution, and the Company 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 the Company and/or its parent company. Those benefits may include, without limitation, credits allowed by such financial institution on loans to the Company and/or its parent company and earnings on investments made with the proceeds of such loans, accounting, reporting and other services and products of such financial institution. Such benefits shall be deemed additional compensation of the Company for its services in connection with the escrow or sub - escrow. WIRING INSTRUCTIONS FOR THIS OFFICE ARE: UNION BANK OF CALIFORNIA 12625 FREDERICK STREET MORENO VALLEY, CA 92553-5216 (800) 849-6466 OPTION 3 CREDIT: SOUTHLAND TITLE ACCOUNT NO.: 9100899253 ROUTING NO.: 122000496 FOR THE ACCOUNT OF: SOUTHLAND TITLE - LOAN PAYOFF DEPT. OUR ORDER NUMBER OR ESCROW NUMBER MUST ALWAYS BE REFERENCED. FAILURE TO DO SO MAY CAUSE DELAYS IN THE CLOSING OF A TRANSACTION AND/OR MISPLACED OR LOST FUNDS. SOUTHLAND TITLE DOES NOT ACCEPT LIABILITY FOR SUCH DELAYS IN CLOSING, MISPLACED AND/OR LOST FUNDS, OR DAMAGES (IE. INTEREST, PENALTIES) SUFFERED BY REASON OF ONE'S FAILURE TO COMPLY WITH THE IDENTIFICATION/CREDIT PROCEDURE SET FORTH ABOVE. ALL UNIDENTIFIED/UNCLAIMED WIRES WILL BE RETURNED AFTER FORTY-EIGHT (48) HOURS. SHOULD YOU HAVE ANY QUESTIONS REGARDING THE DEPOSIT OR DISBURSEMENT OF FUNDS, PLEASE CONTACT YOUR TITLE OFFICER IMMEDIATELY. E. REQUIREMENTS ORDER NO. (35622944 Req. No. 1: The Company will require a statement of information from the parties named below in order to complete this report, based on the effect of documents, proceedings, liens, decrees, or other matters which do not specifically describe said land, but which, if any do exist, may affect the title or impose liens or encumbrances thereon. Parties: All Parties (Note: The statement of information is necessary to complete the search and examination of title under this order. Any title search includes matters that are indexed by name only, and having a completed statement of information assists the Company in the elimination of certain matters which appear to involve the parties but in fact affect another party with the same or similar name. Be assured that the statement of information is essential and will be kept strictly confidential to this file.) Req. No. 2: The Company will require that it be provided with the following with respect to the California limited liability company named below: A. A copy of its operating agreement and any amendments thereto; B. A certified copy of its Articles of Organization (LLC-1), any Certificate of Correction (LLC-11), Certificate of Amendment (LLC-2), or Restatement of Articles or Organization (LLC-10); and C. A copy of the current Statement of Information form (LLC-12) filed with the Secretary of State. Limited Liability Company: Benton Development LLC, a California Limited Liability Company ORDER NO. 65622944 NOTES Note No. 1: Privacy Notice (15 U.S.C. 6801 and 16 CFR Part 313) We collect nonpublic personal information about you from information you provide on forms and documents and from other people such as your lender, real estate agent, attorney, escrow, etc. We do not disclose any nonpublic information about our customers or former customers to anyone, except as permitted by law. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. Note No. 2: The charges which the Company will make for next day messenger services (i.e. Federal Express, UPS, DHL, Airborne, Express Mail, etc.) are $15.00 per letter, standard overnight service, and $25.00 for larger size packages and/or priority delivery services. Such charges include the cost of such messenger service and the Company's expenses for arranging such messenger service and its overhead and profit. Special messenger services will be billed at the cost of such services. There will be no additional charge for pick-up or delivery of packages via the Company's regularly scheduled messenger runs. E 2 Order No.: ORDER NO. 65622944 NOTICE OF TITLE POLICY DISCOUNTS Residential Resale and Refinance Transactions - California Escrow No.: Please note that certain discounts sometimes apply to reduce title insurance premiums. YOU SHOULD REVIEW THE POSSIBLE DISCOUNTS DESCRIBED BELOW AND TELL YOUR ESCROW OFFICER IF YOU THINK ANY APPLY TO THIS TRANSACTION. These discounts are not applicable to subdivision sales. SHORT TERM RATE — 20% off This discount is given automatically when our title search indicates that it applies. It applies when a current order for title insurance is placed within 60 months from the date of issuance of a prior loan or owners policy issued by any title insurance company. The Short Term Rate does not apply when another discount shown on this page applies. REFINANCE RATE — 35% off This discount is given automatically when our title search indicates that it applies. It applies to ALTA Loan Policies covering a new loan which refinances a loan insured with another ALTA loan policy issued by any title insurance company. Please acknowledge your understanding of the above, even if no discount applies, by signing below. Buyer/Borrower: Seller: Date: Date: Signature Signature Signature Signature Please sign and return this Notice to your Title Company ORDER NO. 65622944 N LandAmerica Southland Title 650 EAST HOSPITALITY LANE, SUITE 280 SAN BERNARDINO, CA 92408 PHONE: (909) 890-9109 ATTENTION: REF: Dated as of August 26, 2005 at 8:00 A.M. LENDER'S SUPPLEMENTAL REPORT The above numbered report (including any supplement thereto) is hereby modified and/or supplemented in order to reflect the following additional items relating to the issuance of an American Land Title Association form policy as follows: The only conveyances affecting said land, which recorded within 24 months of the date of this report, are as follows: Grantor: Fisher Capital, LP, a Limited Partnership Grantee: Benton Development LLC, a California Limited Liability Company Recorded: August 29, 2003 as Instrument No. 2003-671931, Official Records ® LandAmericd Southland Title PRIVACY POLICY NOTICE Dear Southland Title Customer: ORDER NO. (35622944 The Financial Services Modernization Act recently enacted by Congress has brought many changes to the financial services industry, which includes insurance companies and their agents. One of the changes is that we are now required to explain to our customers the ways in which we collect and use customer information. The statement attached to this letter is the privacy policy of the Southland Title family of companies. The members of the family — Southland Title Corporation, Southland Title of Orange County, Southland Title of San Diego, and Southland Title Equities, Inc. may issue policies, handle real estate closings and serve as exchange accommodator in virtually every part of Southern California. You may review a list of Southland Title Companies on our website (www.southlandtitle.com). You may visit our website for an explanation of our privacy practices relating to electronic communications. Our concern with the protection of your information has been a part of our business since 1985, when the company opened. We will continue to protect the privacy, accuracy and security of customer information given to us. No response to this notice is required, but if you have questions, please write to us: Southland Title Privacy 7530 N. Glenoaks Boulevard Burbank, California 91504 ORDER NO. 65622944 LandArnerica Southland Title SOUTHLAND TITLE PRIVACY POLICY What kinds of information we collect. Most of Southland Title's business is title, escrow and exchange services, but there are companies in our family that provide other real estates services to consumers. We collect information about you (for instance, your name, address, telephone number), and information about your transaction, including the identity of the real property that you are buying, financing or exchanging. We may obtain a copy of any deeds, notes, or mortgages that are involved in the transaction. We may get this information from you or from the lender, attorney, or real estate broker that you have chosen. Our title companies then obtain information from the public records about the property so that we can prepare a title insurance policy. When we provide closing, escrow or settlement services, exchange services, mortgage lending, or mortgage loan servicing, we may get your social security number and we may receive additional information from third parties including appraisals, credit reports, land surveys, escrow account balances and sometimes bank account numbers to facilitate the transaction. If you are concerned about the information we have collected, please write us. How we use this information. The company giving or specifically adopting this notice does not share your information with marketers outside its own family. There is no need to tell us to keep your information to ourselves because we share your information only to provide the service requested by you or your lender, or in other ways permitted by law. The privacy laws permit some sharing without your approval. We may share internally and with nonaffiliated third parties in order to carry out and service your transaction, to protect against fraud or unauthorized transactions, for institutional risk control, to issue title insurance, investigate or process a claim under the policy of title insurance, and to provide information to government and law enforcement agencies. Companies within a family may share certain information along themselves in order to identify and market their own products that they think may be useful to you. Credit information about you is shared only to facilitate your transaction of for some purpose permitted by law. How we protect your information. We restrict access to nonpublic personal information about you to those employees who need the information to provide products or services to you. We maintain physical, electronic and procedural safeguards that comply with law to guard your nonpublic personal information. 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"PRELIMINARY REPORT" IN RESPONSE TO THE ABOVE REFERENCED APPLICATION FOR A POLICY OF TITLE INSURANCE, SOUTHLAND TITLE HEREBY REPORTS THAT 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 AND LIMITATIONS ON COVERED RISKS OF SAID POLICY OR POLICIES ARE SET FORTH IN EXHIBIT 1 ATTACHED. LIMITATIONS ON COVERED RISKS APPLICABLE TO THE CLTA AND ALTA HOMEOWNER'S POLICIES OF TITLE INSURANCE WHICH ESTABLISH A DEDUCTIBLE AMOUNT AND A MAXIMUM DOLLAR LIMIT OF LIABILITY FOR CERTAIN COVERAGES ARE ALSO SET FORTH IN EXHIBIT 1. 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 1 OF THIS REPORT CAREFULLY. THE EXCEPTIONS AND EXCLUSIONS ARE MEANT TO PROVIDE YOU WITH NOTICE OF MATTERS THAT 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. THE FORM OF POLICY OF TITLE INSURANCE CONTEMPLATED BY THIS REPORT IS: CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY SOUTHLAND TITLE DANNY OSBORN, TITLE OFFICER Fax: () ORDER NO. 65622944 SCHEDULE A THE ESTATE OR INTEREST IN THE LAND HEREINAFTER DESCRIBED OR REFERRED TO COVERED BY THIS REPORT IS: A FEE TITLE TO SAID ESTATE OR INTEREST AT THE DATE HEREOF IS VESTED IN: Benton Development LLC, a California Limited Liability Company THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF RIVERSIDE, AND IS DESCRIBED IN THE ATTACHED EXHIBIT "A": "WE HAVE ENCLOSED EXTRA COPIES OF THE LEGAL DESCRIPTION FOR YOUR CONVENIENCE." ORDER NO. 65622944 EXHIBIT "A" Lot(s) 70 of Block of Tract No. 28867, in the City of La Quinta, County of Riverside, State of California, as per Map recorded in Book 276 Page(s) 69 — 78 of Miscellaneous Maps, in the office of the County Recorder of said County. Except therefrom that portion Beginning at the Northerly corner of said Lot 70; Thence N310 44' 49" E, along the prolongation of the Northwesterly line of said Lot 70, a distance of 6.25 feet; Thence S580 03' 18"E, a distance of 95.00 feet, to the Easterly corner of said Lot 70; Thence S310 44' 49" W, along the Southeasterly line of said Lot 70, a distance of 176.31 feet, to the Southerly corner of said Lot 70; Thence N570 33' 18"W, along the Southwesterly line of said Lot 70, a distance of 95.01 feet, to the Westerly corner of said Lot 70; Thence N310 44' 49"E, along the Northwesterly line of said Lot 70, a distance of 169.23 feet, to the point of beginning. By that certain Lot line adjustment No. 2005-xx recorded August 19, 2005 as Instrument No. 684937, Official Records. El SCHEDULE B ORDER NO. 65622944 AT THE DATE HEREOF EXCEPTIONS TO COVERAGE IN ADDITION TO THE PRINTED EXCEPTIONS AND EXCLUSIONS IN SAID POLICY FORM WOULD BE AS FOLLOWS: A. Property taxes, including general and special taxes, personal property taxes, if any, and any assessments collected with taxes, to be levied for the fiscal year 2005 - 2006 which are a lien not yet payable. B. Property taxes, including general and special taxes, personal property taxes, if any, and any assessments collected with taxes, for the fiscal year shown below, are paid. For proration purposes the amounts are: Fiscal year: 2004 — 2005 1st Installment: $3,932.51 2nd Installment: $3,932.51 Homeowners Exemption: $(none shown) Code Area: 020-121 Assessment No.: 770-350-006-6 C. If Southland Title is asked to hold money for any taxes shown above, a satisfactory indemnity along with written consent by Borrower/Seller and/or Lender MUST be submitted prior to closing. Please contact your title officer for the appropriate forms. D. Assessments, if any, for community facility districts affecting said land which may exist by virtue of assessment maps or notices filed by said districts. E. Supplemental or escaped assessments of property taxes, if any, assessed pursuant to the Revenue and Taxation Code of the State of California. 1. Water rights, claims or title to water, whether or not shown by the public records. 2. An easement for the purpose shown below and rights incidental thereto as set forth in a document Purpose: roads Recorded: July 23, 1828 in Book 771, Page 245, of Deeds Affects: said land 3. An easement for the purpose shown below and rights incidental thereto as set forth in a document Purpose: roads Recorded: December 23, 1830, in Book 867, Page 188, of Deeds Affects: said land G E ORDER NO. 65622944 4. An easement for the purpose shown below and rights incidental thereto asset forth in a document Purpose: a water pipe line Recorded: November 24, 1952 in Book 1418, Page 274, Official Records Affects: said land 5. An easement for the purposes shown below and rights incidental thereto as shown or as offered for dedication on the recorded map shown below Map of: said Tract Easement purpose: public utilities Affects: the Southwesterly 10.00 feet 6. Covenants, conditions and restrictions as set forth in the document Recorded: July 25, 1997 as Instrument No. 262677, Official Records But omitting any covenant, condition and restriction, if any, based on race, color, religion, sex, handicap, familial status or national origin unless and only to the extent that the covenants, condition or restriction (a) is exempt under title 42 of the United States Code, or (b) relates to handicap, but does not discriminate against handicapped persons. Note: Section 12956 of the Government Code provides the following: If this document contains any restrictions based on race, color, religion, sex, familial status, marital status, disability, national origin, or ancestry, that restriction violates state and federal fair housing laws and is void. Any person holding an interest in this property may request that the county recorder remove the restrictive language pursuant to subdivision (c) of Section 12956.1 of the Government Code. Said covenants, conditions and restrictions provide that a violation thereof shall not defeat the lien of any mortgage or deed of trust made in good faith and for value. Said instrument also provides for the levy of assessments, the liens of which are stated to be subordinate to the lien of any mortgage or deed of trust made in good faith and for value. And re -recorded: August 15, 1997 as Instrument No. 292176, Official Records The provisions of said covenants, conditions and restrictions were extended to include the herein described land by an instrument Recorded: March 17,1999 as Instrument No. 110219, Official Records The effect of a Document entitled "Notice", by and between Coachella Valley Water District and Tradition Club Associates, LLC, recorded June 29, 1998 as Instrument No. 265367 of Official Records, Riverside County, California. Reference is made to said document for full particulars. ORDER NO. 65622944 The effect of a Document entitled "Domestic Water and/or Sanitation System Installation Agreement", dated March 12, 1999 by and between Coachella Valley Water District, a public agency of the State of California and Tradition Club Associates, LLC, recorded May 13, 1999 as Instrument No. 1999-207707 of Official Records, Riverside County, California. Reference is made to said document for full particulars. 9. A deed of trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby Amount: $1,750,000.00 Dated: June 10, 2004 Trustor: Benton Development LLC, a California Limited Liability Company Trustee: El Paseo Financial, Inc. Beneficiary: Palm Desert National Bank Recorded: June 16, 2004 as Instrument No. 2004-0461266, Official Records Original Loan No.: 7168/47256 10. An assignment of all monies due or to become due as rental or otherwise from said land, to secure payment of an indebtedness, shown below and upon the terms and conditions therein Amount: $(none shown) Assigned to: Palm Desert National Bank By: Benton Development LLC, a California Limited Liability Company Recorded: June 16, 2004 as Instrument No. 2004-0461267, Official Records 11. A financing statement filed in the office of the County Recorder, showing: Debtor: Benton Development LLC Secured Party: Palm Desert National Bank Date: (none shown) Recorded: June 16, 2004 as Instrument No. Property Covered: herein described property 12. A claim of Mechanic's Lien 2004-0461268, Official Records Amount: $55,981.60 Claimant: Stonecrect Marble and Granite Co., Inc., a California Corporation Recorded: July 15, 2005 as Instrument No. 2005-0565927 Official Records 13. Any claims for mechanics' liens on said land that may be recorded, by reason of a work of improvement that is disclosed by the document shown below Document: Construction Deed of Trust Recorded: June 16, 2004 as Instrument No. 2004-0461266, Official Records End of Schedule B See "Notes and Requirements" ORDER NO. 65622944 NOTE California Insurance Code §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 deposited with the Company via wire transfer may be disbursed upon receipt. Funds deposited with the Company via cashiers or teller's checks drawn on a California -based bank may be disbursed the next business day after the day of deposit. If funds are deposited with the Company by other methods, recording and/or disbursement may be delayed. All escrow and sub -escrow funds received by the Company will be deposited with other escrow funds in one or more non -interest bearing escrow accounts of the Company in a financial institution selected by the Company. The Company and/or its parent company 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 such financial institution, and the Company 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 the Company and/or its parent company. Those benefits may include, without limitation, credits allowed by such financial institution on loans to the Company and/or its parent company and earnings on investments made with the proceeds of such loans, accounting, reporting and other services and products of such financial institution. Such benefits shall be deemed additional compensation of the Company for its services in connection with the escrow or sub - escrow. WIRING INSTRUCTIONS FOR THIS OFFICE ARE: UNION BANK OF CALIFORNIA 12625 FREDERICK STREET MORENO VALLEY, CA 92553-5216 (800) 849-6466 OPTION 3 CREDIT: SOUTHLAND TITLE ACCOUNT NO.: 9100899253 ROUTING NO.: 122000496 FOR THE ACCOUNT OF: SOUTHLAND TITLE — LOAN PAYOFF DEPT. OUR ORDER NUMBER OR ESCROW NUMBER MUST ALWAYS BE REFERENCED. FAILURE TO DO SO MAY CAUSE DELAYS IN THE CLOSING OF A TRANSACTION AND/OR MISPLACED OR LOST FUNDS. SOUTHLAND TITLE DOES NOT ACCEPT LIABILITY FOR SUCH DELAYS IN CLOSING, MISPLACED AND/OR LOST FUNDS, OR DAMAGES (IE. INTEREST, PENALTIES) SUFFERED BY REASON OF ONE'S FAILURE TO COMPLY WITH THE IDENTIFICATION/CREDIT PROCEDURE SET FORTH ABOVE. ALL UNIDENTIFIED/UNCLAIMED WIRES WILL BE RETURNED AFTER FORTY-EIGHT (48) HOURS. SHOULD YOU HAVE ANY QUESTIONS REGARDING THE DEPOSIT OR DISBURSEMENT OF FUNDS, PLEASE CONTACT YOUR TITLE OFFICER IMMEDIATELY. ORDER NO. 65622944 REQUIREMENTS Req. No. 1: The Company will require a statement of information from the parties named below in order to complete this report, based on the effect of documents, proceedings, liens, decrees, or other matters which do not specifically describe said land, but which, if any do exist, may affect the title or impose liens or encumbrances thereon. Parties: All Parties (Note: The statement of information is necessary to complete the search and examination of title under this order. Any title search includes matters that are indexed by name only, and having a completed statement of information assists the Company in the elimination of certain matters which appear to involve the parties but in fact affect another party with the same or similar name. Be assured that the statement of information is essential and will be kept strictly confidential to this file.) Req. No. 2: The Company will require that it be provided with the following with respect to the California limited liability company named below: A. A copy of its operating agreement and any amendments thereto; B. A certified copy of its Articles of Organization (1-1-C-1), any Certificate of Correction (LLC-11), Certificate of Amendment (LLC-2), or Restatement of Articles or Organization (LLC-10); .and C. A copy of the current Statement of Information form (LLC-12) filed with the Secretary of State. Limited Liability Company: Benton Development LLC, a California Limited Liability Company E ORDER NO, 65622944 Note No. 1: NOTES Privacy Notice (15 U.S.C. 6801 and 16 CFR Part 313) We collect nonpublic personal information about you from information you provide: on forms and documents and from other people such as your lender, real estate agent, attorney, escrow, etc. We do not disclose any nonpublic information about our customers or former customers to anyone, except as permitted by law. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. Note No. 2: The charges which the Company will make for next day messenger services (i.e. Federal Express, UPS, DHL, Airborne, Express Mail, etc.) are $15.00 per letter, standard overnight service, and $25.00 for larger size packages and/or priority delivery services. Such charges include the cost of such messenger service and the Company's expenses for arranging such messenger service and its overhead and profit. Special messenger services will be billed at the cost of such services. There will be no additional charge for pick-up or delivery of packages via the Company's regularly scheduled messenger runs. 11 Order No.: ORDER NO. 65622944 NOTICE OF TITLE POLICY DISCOUNTS Residential Resale and Refinance Transactions - California Escrow No.: Please note that certain discounts sometimes apply to reduce title insurance premiums. YOU SHOULD REVIEW THE POSSIBLE DISCOUNTS DESCRIBED BELOW AND TELL YOUR ESCROW OFFICER IF YOU THINK ANY APPLY TO THIS TRANSACTION. These discounts are not applicable to subdivision sales. SHORT TERM RATE — 20% off This discount is given automatically when our title search indicates that it applies. It applies when a current order for title insurance is placed within 60 months from the date of issuance of a prior loan or owner's policy issued by any title insurance company. The Short Term Rate does not apply when another discount shown on this page applies. REFINANCE RATE — 35% off This discount is given automatically when our title search indicates that it applies. It applies to ALTA Loan Policies covering a new loan which refinances a loan insured with another ALTA loan policy issued by any title insurance company. Please acknowledge your understanding of the above, even if no discount applies, by signing below. Buyer/Borrower: Seller: Date: Signature Signature Date: Signature Signature Please sign and return this Notice to your Title Company ORDER NO. 65622944 N LandAmericd Southland Title 650 EAST HOSPITALITY LANE, SUITE 280 SAN BERNARDINO, CA 92408 PHONE: (909) 890-9109 ATTENTION: REF: Dated as of August 26, 2005 at 8:00 A.M. LENDER'S SUPPLEMENTAL REPORT The above numbered report (including any supplement thereto) is hereby modified and/or supplemented in order to reflect the following additional items relating to the issuance of an American Land Title Association form policy as follows: The only conveyances affecting said land, which recorded within 24 months of the date of this report, are as follows: Grantor: Fisher Capital, LP, a Limited Partnership Grantee: Benton Development LLC, a California Limited Liability Company Recorded: August 29, 2003 as Instrument No. 2003-671931, Official Records El ULandAmerica Southland Title PRIVACY POLICY NOTICE Dear Southland Title Customer: ORDER NO. 65622944 The Financial Services Modernization Act recently enacted by Congress has brought many changes to the financial services industry, which includes insurance companies and their agents. One of the changes is that we are now required to explain to our customers the ways in which we collect and use customer information. The statement attached to this letter is the privacy policy of the Southland Title family of companies. The members of the family — Southland Title Corporation, Southland Title of Orange County, Southland Title of San Diego, and Southland Title Equities, Inc. may issue policies, handle real estate closings and serve as exchange accommodator in virtually every part of Southern California. You may review a list of Southland Title Companies on our website (www.southiandtitle.com). You may visit our website for an explanation of our privacy practices relating to electronic communications. Our concern with the protection of your information has been a part of our business since 1985, when the company opened. We will continue to protect the privacy, accuracy and security of customer information given to us. No response to this notice is required, but if you have questions, please write to us: Southland Title Privacy 7530 N. Glenoaks Boulevard Burbank, California 91504 M E, L® LandAmerica" Southland Title SOUTHLAND TITLE PRIVACY POLICY ORDER NO. 65622944 What kinds of information we collect. Most of Southland Title's business is title, escrow and exchange services, but there are companies in our family that provide other real estates services to consumers. We collect information about you (for instance, your name, address, telephone number), and information about your transaction, including the identity of the real property that you are buying, financing or exchanging. We may obtain a copy of any deeds, notes, or mortgages that are involved in the transaction. We may get this information from you or from the lender, attorney, or real estate broker that you have chosen. Our title companies then obtain information from the public records about the property so that we can prepare a title insurance policy. When we provide closing, escrow or settlement services, exchange services, mortgage lending, or mortgage loan servicing, we may get your social security number and we may receive additional information from third parties including appraisals, credit reports, land surveys, escrow account balances and sometimes bank account numbers to facilitate the transaction. If you are concerned about the information we have collected, please write us. How we use this information. The company giving or specifically adopting this notice does not share your information with marketers outside its own family. There is no need to tell us to keep your information to ourselves because we share your information only to provide the service requested by you or your lender, or in other ways permitted by law. The privacy laws permit some sharing without your approval. We may share internally and with nonaffiliated third parties in order to carry out and service your transaction, to protect against fraud or unauthorized transactions, for institutional risk control, to issue title insurance, investigate or process a claim under the policy of title insurance, and to provide information to government and law enforcement agencies. Companies within a family may share certain information along themselves in order to identify and market their own products that they think may be useful to you. Credit information about you is shared only to facilitate your transaction of for some purpose permitted by law. How we protect your information. We restrict access to nonpublic personal information about you to those employees who need the information to provide products or services to you. We maintain physical, electronic and procedural safeguards that comply with law to guard your nonpublic, personal information. We reinforce the company's privacy policy with our employees. ORDER NO. 65622944 Nl It$v (f m c 11 .nu n .+ R g ^ 11 w Y 4 n x, s 51 l6 m CJ w ov »a ZZ C lD 0 � X I> SI C6 sSr ,� V• u its r O tax 60 1 O N � 09 µ 0 ®I •, S�Glsvn R O 5' Bi cot 0 CA 0 / o cn r*m 6yrF __ .po• rn .n tC rp• 40G1. �y v i'N,4y GQ ,pAl w /y,, ti o �A9• 4�41i y o c,�v' N V a� y, aN o a u A e V W 0 ed V 8 � Y 0 CD CD zm 6�90 / T 769Agiry.F W y L?] m ? N o C O N -r� O � 3jS W �D �7 o • �N r�6�r• m � 1�k Lo Z=m o cI > U) > NM. ;a (n C my 40E3 9 Morn o0nM y cc):000-on 039 z t~ 0)X�r0 Z rrl -Obi c� 0 — nC: N EXHIBIT "A" SHEET 1 OF 2 LOT LINE ADJUSTMENT 2005— L -3--oo RECORD OWNERS ASSESSOR PARCEL NUMBERS FISHER CAPITAL PARTNERS, L.P„ A LIMITED PARTNERSHIP 770-350-006 770-270-018 LEGAL DESCRIP77ON PARCEL 'A' (ADJUSTED LOT 70, TRACT NO. 28867) IN 7HE CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, IN SECTION 7, T. 6 S, R. 7 E, S.B.B. & M: LOT 70 OF TRACT 28867, AS SHOWN BY MAP ON FILE IN BOOK 276, PAGES 69 THROUGH 78, TOGETHER WITH A POR77ON OF LOT 94 OF TRACT NO. 28470-1, AS SHOWN BY MAP ON FILE IN BOOK 263, PAGES 76 THROUGH 90, OFFICIAL RECORDS OF SAID COUNTY OF RIVERSIDE, MORE PARTICULARLY DESCRIBED AS A WHOLE AS FOLLOWS BEGINNING AT THE NORTHERLY CORNER OF SAID LOT 70, THENCE N31'4449 E ALONG THE PROLONGA77ON OF THE NORTHWES7ERLY LINE OF SAID LOT 70, A DISTANCE OF 6.25 FEET THENCE S58V3'18"E, A DISTANCE OF 95.00 FEET TO THE EASTERLY CORNER OF SAID LOT 70,- THENCE S31'4449"W, ALONG THE SOUTHEASTERLY LINE OF SAID LOT 70, A DISTANCE OF 176.31 FEET TO 7HE SOU7HERLY CORNER OF SAID LOT 70, THENCE N5733980W, ALONG THE SOUTHWAS7ERLY LINE OF SAID LOT 70, A DISTANCE OF 95.01 FEET TO THE WESTERLY CORNER OF SAID LOT 70,- THENCE NJ1'44'49"E, ALONG THE NORTHWESTERLY LINE OF SAIDF LOT 70, A DISTANCE OF 169.23 FEET, TO THE POINT OF BEGINNING. TOTAL AREA OF PARCEL A" = 16,709 SO.. FT. (0.38 AC. MORE OR LESS) pL LAND S A. 'NcC G'PL a Q A NO. 5479 Exp. 9/30/06 r SUBJECT TO ALL COVENANTS, CONDIT70NS, RESERVATIONS, RESTRIC77ONS, �qr �aP RIGHTS OF WAY, EASEMENTS, OR EXCEPPONS OF RECORD, IF ANY. FDF cA00 EXHIBIT nA n SHEET 2 OF 2 LOT LINE ADJUSTMENT 2005 q5q% RECORD OWNERS ASSESSOR PARCEL NUMBERS FISHER CAPITAL PARTNERS, L.P., A LIMITED PARTNERSHIP 770-350-006 770-270-018 LEGAL DESCRIP77ON PARCEL IF (FROM LOT 94, TRACT 28470-1, TO LOT 70, TRACT NO. 28867) IN TH,E CITY OF LA QUINTA, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, IN S£C77ON 7, T 6 S, R. 7 E., S.B.B. & M: LOT 94 OF TRACT NO.. 28740-1, AS SHOWN BY MAP ON FILE IN BOOK 276, PAGES 69 THROUGH 78, OFFICIAL RECORDS OF SAID COUNTY OF RIVERSIDE, EXCEPTING THEREFORM THE FOLLOWNG DESCRIBED PARCEL: BEGINNING AT THE NORTHERLY CORNER OF SAID LOT 70 OF TRACT 28867, THENCE N31'4449"E, ALONG 7HE PROLONGATION OF THE NORTHWESTERLY LINE OF SAID LOT 70, A DISTANCE OF 6.25 FEET, THENCE S58n3"18Z A DISTANCE OF 95.00 FEET TO THE EASTERLY CORNER OF SAID LOT 70, THENCE N61'49"12°W, ALONG THE NOR7HEESTERLY LINE OF SAID LOT 70, A DISTANCE OF 95.18 FEET, TO THE POINT OF BEGINNING. TOTAL AREA OF PARCEL "B" = 297 SO.. FT (0.01 AC. MORE OR LESS) \ONp,L LANp S GAL �y5 yNE A. MOC a A NO, 5479 Exp. 9/30/06 r SUBJECT TO ALL ENANTS, CON0177ONS, F770NS, Sgre EEMEN Of' CALIFO��\P RIGHTS OF WAY, E�S S OR EXCEPRO OFRECORD,I RECORD, ANY. NOTE EXH/BIT n/..7 n S0 0 15 30 THIS PUT WAS PREPARED FROM RECORD DATA AND DOES NOT REPRESENT A SURREY OF THE PROPERTY L.C.A. 2005-XX -WON HEREON THIS MAP HAS BEEN APPROVED UPON THE EXPR£SSE'D CONDIBOV IHAT BUILDING ( IN FEET ) PERMITS SHALL NOT BE ISSUED FOR ANY DEWELOPMENT NTTHIN THIS ADAISTMENT PUT UNTIL NECESSARY - I inch = 30 ft. DEDICA BON$ IF ANY, HAYS OCCURRED. NOTE.• THERE MAY BE EASE1EN75 OF \�apL LALyO S G,pL RECORD DELINEATED AND REFERENCED �yy {NE A Mc ON THE UNDERL)7NC MAP, OR THERE MAYBE EASEMENTS WITHIN THE AREA NO. 5479 BE/NC ADAISTED 7HAT ARE NOT SHOWN or, E.P. 9/30/06 ON THIS DOCUMENT THAT COULD ENCUMBER SAID PARCEL HEREIN 9Tf OF CALIF DEL GA TO DRIVE LOT �%j P.O.B. (GiOLF L;OIJRSi) i - NJ1'44'49 E 175.48' 1 169.2J' I 1) LOT LINE ADXSTED , 6.25' rG N PARCEL 'A" ;k m }' 0.2 AC. t 18.5' LOT LINE TO BE LOT 70 ADXSTED n eUo 7 9C7 NO, 23J67 ° PARCEL "B" C e ' I iV0 27b169,7J 'I AIN 773!3504106 U , 0 0.01 AC f � n Txy I � 5314449'W 176.31' L07' 7I I LOT LINE ADJUSTMENT - CITY OF LA OUINTA PREPARED BY.• WAYNE A. McGEE DATE L.S. 5479 EXP. 9130106 APPLICANT - EL IZA BE TH BEN TON 101 KAWISH CT PALM DESERT CA 92260 k CLOSURE Parcel name: PARCEL"A" North: 576443.91 East : 1998539.14 Line Course: N 31-44-49 E Length: 175.48 North: 576593.14 East : 1998631.47 Line Course: S 58-03-18 E Length: 95.00 North: 576542.87 East : 1998712.08 Line course: 5 31-44-49 w Length: 176.31 North: 576392.94 East : 1998619.31 Line Course: N 57-33-18 w Length: 95.01 North: 576443.91 East : 1998539.13 Perimeter: 541.80 Area: 16,709 sq. ft. 0.38 acres Mapcheck Closure - (uses listed courses, radii, and deltas) Error Closure: 0.01 Course: S 61-12-00 E Error North: -0.003 East : 0.006 Precision 1: 54,181.00 Parcel name: PARCEL"B" North: 576773.80 East : 1998748.80 Line Course: S 58-03-18 E Length: 95.00 North: 576723.54 East 1998829.41 Line Course: N 61-49-12 w Length: 95.18 North: 576768.49 East 1998745.51 Line Course: N 31-44-49 E Length: 6.25 North: 576773.80 East 1998748.80 Perimeter: 196.43 Area: 297 sq. ft. 0.01 acres Mapcheck Closure - (uses listed courses, radii, and deltas) Error Closure: 0.00 Course: S 58-28-49 E Error North: -0.002 East : 0.003 Precision 1: 196,430,000.00 Page 1 AUG-23-05 09:51AM FROM -Southland Title & Escrow 949-759-0410 T-7B6 P.007/015 F-141 RECORDING REQUESTED BY: SOUTHLAND TITLE - INLAND EMPIRE (Title) AND WHEN RECORDED MAIL TO: Benton Development LLC. 78541 Deacon Drive East La Quintal CA 92253 A.P.N.: 770-350-006-6 COPY or Document Recorded on i- - -M has No. & & 9fi' has not been compared with original. GARY ORSO County Recorder RIVERSIDE COUNTY CALIFORNIA USE GRANT DEED 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 or encumbrances remaining at time of sale. [ ] unincorporated area [ ] City of La Quints FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, David Chapman Investments, LLC. A Delaware Limited Liability Company hereby GRANT(S) to This document was filed for recording by Benton Development, LLC. A California Limited Liability Company Southland Title (rlsurance Company as an accomodaticn only. It has not been examined as to it's execution or as to it's effect upon the title. the following described real property in the County of Riverside, State of California This deed is being recorded to perfect t certain lotline adjustment filed intheCity of La Quintaginty of Riverside Dated: July 28, 2005 STATE OF CALIFORNIA COUNTY OF �rderS��J� SS. Onbefore me Lam. L' 17uG:� a Notary Public in and for said County and State, personally appeared Qa.y.rt C.4�at^,'rian e (or proved to me on the basis of aan factory evidence) to be the person whose nameA is re subscribed to the within instrume t and cknowledged to me that Ijshenhey executed the same in is her/their authorized rapacity(iKf s) and that la1i her/their signatures) on the instrument th person(s), or the entity upon behalf 6f which the person(B), acted, executed the instrument. WITNESS my h nd an rclal seal. Signature '�' Signature of Notary David Chapman, Sole Member CARIN 1. MOON ia Comm.ission A 13859c Nolary public - California1 a RNerslde county �MyComm 5 Expires Nov 19, 2006 (This area for official notary seal) MAIL TAX STATEMENTS AS DIRECTED ABOVE