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PA2019-015
PA2019-015 Batch 4243968 Confirmation RECORDING REQUESTED BY: Recorded in Official Records, Orange County Hugh Nguyen, Clerk-Recorder Page 1 of2 Community Development Department Planning Division l 1111111111111 Ill lllll llllJ 111111111111/111111111/II IIIII IIIII IIII I I Ill llll 12. 00 100 Civic Center Drive, P.O. Box 1768 Newport Beach, CA 92658~8915 · AND WHEN RECORDED MAIL TO: Community Development Department Planning Division 100 Civic Center Drive, P.O. Box 1768 Newport Beach, CA 92658-8915 *$R0010636226$* 2019000043930 10:01 am 02/13/19 232 407 C17 2 0.00 0.00 0.00 0.00 3.00 0.00 0.000.000.00 3.00 SPACE ABOVE THIS LINE FOR RECORDER'S USE ,CERTIFICATE OF COMPLIANCE NO. C02019-005 (PA2019-015) California Government Code Section No. 66499.35(c) CITY OF NEWPORT BEACH Owner: RESIDENTIAL HOLDINGS M2 1 LLC, A CALIFORNIA LIMITED LIABILITY COMPANY Site Address: 819 VIA LIDO SOU D City of Newport Beach, County of Orange Assessor Parcel Number: 423-278-06 Number of parcels for which this Certificate of Compliance is being issued and recorded: One (1) LEGAL DESCRIPTION LOT 304, 305, & 306 OF TRACT NO. 907, IN THE CITY OF NEWPORT BEACH, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 28, PAGE(S) 25 TO 36, INCLUSIVE, OF MISCELLANEOUS MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. Tmpl1: 09-10·18 https://gs.secure-recording.com/Batch/Confirmation/4243968 02/13/2019 PA2019-015 Batch 4243968 Confirmation 819 VIA LIDO SCUD Page: 2 of 2 CERTIFICATE OF COMPLIANCE California Government Code Section No. 66499.35(c) CONTINUATION Newport Beach Certificate of Compliance No. C02019-005 (PA2019-015) Notice: This document certifies compliance with the State Subdivision Map Act, specifically Government Code 66499.35, and the local subdivision ordinance enacted pursuant thereto. The parcel described herein may be sold, leased, or financed without further compliance with the Subdivision Map Act or any local ordinance enacted thereto. Development of the parcel may require issuance of a permit or permits, or other grant or grants of approval. a S. Lee, Assistant Planner, for Seimone Jurjis, PE, CBO Community Development Director ACKNOWLEDGEMENT BY NOTARY PUBLIC February 12, 2019 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA COUNTY OF ORANGE Page 2 of2 On february J,;J..-, 20/'I, before me, t.ZiV\I\.. 'R,e.Ff, Nole,,~ "/>utf.'c.. personally appeared ]o.v L cl c; , L. ~ , (Place Notary Seal Above) Tmplt: 09-10-18 who proved to me on the basis of satisfactory evidence to be the persoTMwhose nam~· is/a,i;e-subscribed to the within instrument and acknowledged to me that he/SRe/tbey executed the same in his/beritbeirauthorized capacit~. and that by his/bst'{theif-signatur$r0n the instrument the person(s,r,or the entity upon behalf of which the perso~ acted, executed the instrument. I certify under PENAL TY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my ha~d/~ official~seal.. Signature ___ /,_~----~---,----- Signature of Notary P. · https://gs.secure-recording.com/Batch/Confirmation/4243968 02/13/2019 PA2019-015 . . . . (YA 90tq-Ot~ Cert1f1cate of Compliance \/~/lC\ Community Development Department Planning Division 100 Civic Center Drive/ P.O. Box 1768 / Newport Beach, CA 92658-8915 (949)644-3204 Telephone/ (949)644-3229 Facsimile www.newportbeachca.gov Prooertv Owner( s) Name• Residential Holdings M2, LLC Address City, State I Zip Code 660 Newport Center Drive, Suite 200 Newport Beaach, CA 92660 Email Phone No. Gary@mobilitie.com 949-636-0544 I FaxNo. 949-27 4-7556 Aoolicant( s) Name Gary Jabara Address City, State I Zip Code 819 Via Lido Soud Newport Beach, CA 92663 Email Phone No. I FaxNo. Gary@mobilitie.com 949-636-0544 Site/Pro·ect Address Assessor's Parcel No. 819 Via Lido Scud, Newport Beach, CA 92663 423-278-06 Along with the above portion of this form completely filled out, please submit the following: 1. A legible copy of the latest Recorded Grant Deed or Contract of Sale showing current ownership, include the Title Insurance Policy if available. 2. A copy of the latest Tax Bill and Assessor's Map. 3. A copy of any and al I documents supporting original creation of the parcel ( e.g. Grant Deeds, Contracts of Sale, Records of Survey, Building Permits, or other documents). 4. If the project is improved, include legible copies of: • A Plot P Ian, fully dimensioned on an 8% " x 11" sheets howing entire parcel, al I improvements, and parcel area in square feet. • A Building Permit for a Principal Building on the Property. 5. An application fee in the amount of $310 ($298 + OC Recorders Fee $12) payable to the City of Newport Beach. Please note parcels not in compliance with Subdivision or Zoning regulations may incur additional costs. Do Not Complete Application Below This Line -For Office Use Only PA No. f ~ 2.<\J1 q -(/) \ 5 CONo. 0 ~ 'L<D' q ,. (()(/)~ DNo. 'O 2¢11-p¢>(J6 Pin Chck No. '2({1.PL -2. V 1 8' Remarks: Submitted: ·\ ,:3cp , 2.m·1 q Planner OL I ext. x 322-r; Fee Paid:. S ·33(:(). \1)¢ Date Mailed Form of Payment: Check No. Date of OR D Check l5r Credit Card Receipt No. f?-(f ft)'{) 1 (/) g (/)5" OR No. C:\Users\tmackinen\AppData\Local\Microsofl\Windows\Temporary lnteme!Files\C~ntent.Outlook\FOG83CVS\App.docx Updated 03/11/13 PA2019-015 Shari L. Freidenrich, CPA Orarige Coun~· Trea.surer -Ta.., Collector P.O BOX 14:18 • Sanla Ana. CA 92702' 1436 625 N. Moss Streol, Building 11, Room G5B, Santa Ana Olt!ce Hou~: 8:00.AM·5:00 PM Monday· Friday Phnne itnurs: 9:00 AM·S:00 ""1 (114) 834-3411 · OC90YJ;Omiot1a•bl1I DID YOU KNOW? ..... 20111:19 SECURED .. ROPEimTAX BILI. For Rscal Vear Beginning July 1. 2018 and Ending Juna30, 2019 Major canslructlon has illblilnatejt·c1111e parkl11111D our Dflllll • pleau P11J onllnl! D04J264.004S2ti4 STMT·-1l67ll0C1'0l3 #BWNLBHV ........ , .. AUTO"S-DIGIT 9261!D #4232 7806 2018 9# 8UVIA LIDO SOUO NEWPORT BEACH ••II I l1l1ll1l111lll11Jt,f •1• H n lll11IIJ 1hl•11 ll111l1II II I "I' I I RESIDENTIAL HOLDINGS M2 LLC 880 NEWPORT CENTER DR STE 200 NEWPORT BEACH CA 8266G-6403 OWl~l Fi oi.: m com.J AS ur 11' [\'l 1\M JANUf,HY l 2ll1t'1 RESIDENTIAL HOLDINGS M2 LLC 423-278.06 07.001 IMPORTANT INFORMATION . i,o . . . . . .r. . 1 .. . ., r . . a Propt~ t1waa ara the rHpanslblllty or the nev, owner, Contact the Offl~a of the AsseHor at (714).834 .. 2727 ragardlng ownerahlp chan~e&. l'Mll ,Lt,}\ v~,Lh{AP>ll [)( ,n,1.·,, ·~1 t,t 1• H 423-278-08 ASSESS EE: APRIL 10, 2019 RESIDENTIAL HOLDINGS M2 LLC Make checks payable to: County of Orange COUNTY OF ORANGE AITN: TREASURER-TAX COLLECTOR P.O. Box 1438 Santa Ana, CA 92702-1438 TOTAL VALUES: TOTAL NET TAXABLE VALUE: WIC1 LEVY RATE 1.00000 COAST COMM COLLEGE DIST --NEWPORT MESA UNIFIED ,01A2 METRO WATER~ .00350 SPECIAL AS81SSMENT CHARGES MOSci.FIRE ANT ASSMI' )iicTOII CONTR.OL CHG MWD WATER &TDBV CHG OCSD SEWEii USER FEE TOTAL CHAIIGED 1.05084 FULL VA UE COMPU. D. 16,794,120 TAX 2,710,525 19,564,845 19,664,645 19,554,645 19,554,1145 111.554,1145 19,554,MS l'-ENO. CB00)27Wt'7 (900)2~167 (8116)807-6864 (714)5»-1'281 206,844.02 205,844.02 195,546M 5,968.07 3,289.09 884.42 7,48 1.!12 11.110 335.00 205,844.02 FOR DETAILS OF TAX TYPES, VISIT OUR WEBSITE AT OCGOV.COMIOCTAXBILL ORANGE COUNTY 2018-19 PROPERTY TAX P,y1111nllllliaebyiClleclcirbycnditca.- eCheck b#&~I ll!i'1III •• I~ = VISA-2.3'11 Fee Min $3.95 Scan Iha code to view and p~y aagov.com/oelaltl,UI your specific parcel online Second Installment £i1 DUE FEB 1; 2019.::, I -$102,922.01 AMOUNT DUi AFTER 4/10/19. (INCLUDES 10% PENAL TY, $23 COST) $113,297.21 014232780bD00082D1802041019DD1029220107Dl19DD113237210DODDODODDODDDDD3 DETACH ANO i.!Ati. $lUD WITl11ST INSTALLMENT IN ENVELOPE PROVIDED WRITE YOUR PARCEL t.l(l ()N YOUR CHECK l'AflC'l·l N1IMllclllAl'NJ l)fLIIWUINf~f'(,r, 101't,Vl~JIIIIN,,T,\,IMIU!SOl'PEC 10 ,23~78:.o& ASSESSEE: DECEMI!!~ 10, 2018 RESIDENTIAL HOLDINGS M2 LLC Make checks payable to: County of Orange COUNTY OF ORANGE ATIN: TREASURER-TAX COLLECTOR P.O. Box 1438 . Santa Ana, CA 92702-1438. $205,844.02. ORANGE COUNTY 2018-19 PROPERTY TAX Pay 111188 onllne bJ oCllectl or br credit card eCheck ~'fl ~ • ~ = V1SA·23'11FeeM1n $3.95 Scan the code to view and pay · acgov.com/octaxbill your specific pareel online . First Installment 0: DUE NOV 1, 2018 $102,922.01. AMOUNT DUE AFTER 12/10/18 (INCLUDES 10.% PENALTY) $113,214.21 D14232780bDDDD82D18D1121D18D0102922010701190011321421DD0DOaaaanaaoaoa9 PA2019-015 FIOE.lllY NATIONAL TITLE COMPANY SlJBn!\/iSION DEPARTMENT Recorded in Official Records, Orange County Tom Daly, Clerk-Recorder _ I IIIII I 1111111111111111111111111111111111111111111111111111111111111111111112. o * $ R O O O i O 2 4 i 4 2 $ * RECORDING Uti:QUESTED BY Ticor Title Company of California AND WHEN RECORDED MAIL TO: Reside11tiaLHoldings M2, LLC, a California limited liability company c/o Gary Jabara PO Box 4299 Newport Beach, CA 92663 ORDER NO.: 966-23012351~KCI ESCROW NO.: 00090777-001-CB 2012000440289 4:30 pm 08/01/12 117 418 G02 3 Non.dis · 0.00 0.00 0.00 0.00 6.00 0.00 0.00 0.00 SPACE ABOVE THIS LINE FOR RBCORDIJR'S USE ORIGINAL GRANTDEED .-<1~,-~,1 THE UNDERSIGNED GRANTOR(s) DECLARE(s) Documentary Transfer Tax is$ \j\)\-~ \\,..b\ ,t. ~l p.._ Dunincorporated area · X computed on full value of interest or property conveyed, or X the City of Newport Boach D foll value less value of Hens or encumbrances remaining al the time ofsnlc Parcel No. 423-278-06 FOR AV ALU ABLE CONSIDERATION, receipt of which is hereby acknowledged, John L. Palnzzoln, Trustee of the John L. PnJnzzolaRcvocnble Trust, dated November 29, 1992 hereby GRANT(s) to Residential Holdings M2, LLC, n California limited liabillty company the following real property in the City of Newport Bench County of Orange, State ofCalifomia: SEE EXHIBIT "A" A TT ACHED HERETO AND MADE AP ART HEREOF Oatcd: )uly=30~2=0=12:..-______ _ STATE OF CALIFORNIA } (;OUNTY OF .. &e.a 1L-1-Q_ ss: On D 1.;,_ J /---,.f)t) Id= -before ~e, tJg lp;-,.J {j-,,.kL fl:({_, _____ _ n Notary Public, personally appeared . s.·n H tJ . L, rt+ L-11: ~ 7r "' 0..... . who proved to me on the basis of satisfactory evidence to be tho personWwhose name('s) is/ftt'C'"$ubscribcd lo the withi11 instrument ,md acknowledged to mo that hc~y executed the same in bislberAheir authorized capacity('twi) and that by his/h~ signatureMon the instrument the person~ or the entity upon behalfofwhich the petsonW.acted, executed the instrument. I certify under PENAL TY OF PERJURY under the laws of the State of California that the foregoing paragraph is true imd correct. WITNESS my hand _arid official seal. s;gnah1re !.t, _,~<c.t (.ht/--,.,,,_ . ~ . . . ( MAIL TAX STATEMENTS AS DIRECTED ABOVE l>age I GRANHJHE PA2019-015 FIDELffY NATIONAL TITLE COMPANY 8UBnt\t1SION DEPARTMENT RECORDING REQUESTED BY Tlcol' Title Company of California AND WHEN RECORDED MAIL TO: Residential Holdings M2, LLC, a California limited liability company c/o Gary Jabara PO Box 4299 Newport Beach, CA 9266.3 ORDER NO.: ESCROW NO.: 966-23012351-KCI 00090777-001-CB SPACE ABQV.13 Ttt:JS LINE FOR RECC>RDER'S USE GRANT DEED A1 ~ THE UNDERSIGNED GRANTOR(s) DECLARE(s) DocmnentaryTransfer Tax is$ \--Jtk 6{· ~6\ iL. \t--..Q,,l-OY (I " Ouninc01porated area X computed on full value of interest or property conveyed, or X the City of Newport Beach CJ full value less value of liens or encumbrances remaining al the time of sale Parcel No. 423-278-06 FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, John L. Palazzola, Trustee of the John L. Palazzola Revocable Trnst, dated Novembel' 29, 1992 hereby GRANT(s) to · Residential Holdings M2, LLC, a Califomla limited liability company the following real property in the City of Newport Beach County ofOnnge, State ofCalifomia: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF Dated: July 30, 2012 John L. Palazzola, Tmstee of the John L. Palazzola R ocable Trust, <)fi9d Novembel' 29,. 1992 L -J-J(~P.1a ,1./J. 1' (~ft_£ STATE OF CALIFORNIA } COUNTY OF · &!~A-,L-1-Q_, ss: On D 1-\ 31--,:!)t>[J-beforerne, 1-/fi.-L~~ 6,41,1...fE:_(L_ a Notary Public, personally appeared iJ L, r&L-A~ ~ p (J l O,.._ . ·' who proved to me cm the basis of satisfactory evidence to be the personOOwhose nai11e('S) is/are-subscribed to the within instrnment and acknowledged to me that helshetthey executed the same in his/lter/Hiefr authorized capacity(~ and that by his/her/their signatureWon the instnunent the person~ or the entity upon behalf of which the personW. acted, executed the instniment. I certify under PENALTY OF PERJURY under the laws of the State ofCalifomia that the foregoing paragraph is true and correct. WITNESS my hand and official seal. s;,,nature L,,,Ji<0'J '-JuJl-~~Rbl,c ( . MAIL TAX STATEMENTS AS DIRECTED ABOVE Page I GRANTDEE PA2019-015 NOTARY SEAL GOVERNMENT CODE SECTION 27361.7 I CERTIFY UNDER PENALTY OF PERJURY THAT THE NOTARY SEAL ON THE DOCUMENT TO WHICH THIS STATEMENT IS A ff ACHED READS AS FOLLOWS: NAME OF NOTARY ..... H=e=le...,_n_.,,B.,.,,au"""e"-r_. -------'--------------- DATE COMMISSION EXPIRES ..,.D""'e"""ce,...,m .... b=er"'-'0...,,8.,_, =20 .... 1=2 ____ ___;._........_ ______ ..,..,.,..._ COMMISSION NUMBER _1=82=2-47'"""8~--------------"'--'--'--- PLACE OF EXECUTION ...... N=e....,w..,.po=rt=-B=e=a .... ch..,___ _________________ _ DATE August 1, 2012 SIGNED • ,, 1 :;:z, c;t1/) ~cj«A // .. 1 .. / / i J r •• Notary Seal Affidi!Vlt (notarysealaft)(04-06) PA2019-015 NOT FOR PUBLIC RECORD STATEMENT OF TAX DUI: ANO REQUEST THAT TAX DECLARATION NOT BE RECORDED · (Revenue and Taxation Code Section 11932) Date Recorded:--~-;--~.,..,..---- To: Registrar-Recorder/County Clerk R~uest. Is hereby made in accordance with the provisions of Revenue an<.f Taxation Code Section 11932 that the amount of documentary transfer tax due not be shown on the orlglnal document which names: John L. Palazzola, Trustee of the John L. Palazzola Revocable Trust, dated November 29, 1992 as one of the grantorsllessors and Residential Holdings M2, LLC, a California llmlted liability company as one of the grantees/lessees The undersigned declares: DOCUMENTARY TRANSFER TAX IS $19,800.00 _x_ Computed on full value of property conveyed, or _. ·-Computefi on fun value less liens and encumbrances remaining at time of sale. __ Unincorporated area X City of _Newport Beach NOTE: After the permanent rec:ord Is made, this fonn will be affixed to the c:onveylng document and returned with ft. PA2019-015 BOE-s>U.(Pl)REV, 11 (OMO) FOR RECORDl3R'S USE ONLY PRELIMINARY CHANGE OF OWNERSHIP REPORT To be collipltlad by lhe ltansfetee (buyer) Prior lo Ii hlilfer ol llUlljecl proptlly, In acco,dall09 wilt, seetlofl "480,3 of the Revenue and Taxation ~. A Preliminary Ch,nge o1 Olwlllflhlp Report nm be l'ded v.iUI ead1 OQIIV8)'&11CO In lhe Colllly Recordlfl offiol lor Ille l>Qtlllty where lhe PfOPIIIY ls local~-PltaM ~M-ell qt.lt$1lon$ II\ e'°'1 sect!on, and lli9n and c:on,,rew Ille ca~ii!)n beforo fi!:119-·This ~ maybe vff<l 11\ all sa Celifomla coullliel: If• ~ evidencing I char,ge In (IWllelahip II PN:HIMd to the Reoo<der tot t~ 'Mthoul lhe concur....i llinfl al • P111ilmna,yChange of Owner&h!p it.port. 111& Recordar may Chal9• f.11 addillonal recording fee oftwentv dollera ($20). NOTICE: The property Yttllch ygu acqulted may be aubject to a ,upp119111enlal usessment In an amo1111t lo be deteimfntd by Ille County Assessor.· Supplemenlal assessmenb. are·notpald by Iha tide ot esaow oompany at dose of NOOW, and ere not Included rn lender llllpound $OCIO\lflls. Vou may be responslblo ·~ Iha current or upco!nlng pi'~lty taxes even If YoU do not teeelva Iha tax blll. ESCROW NO;: 00090777 • 001 • CB TITLE NO.: 9811-2.J012351°K01 SELLER/TRANSFEROR John L. Palauola, Trustee of the John LO Palazzola Revocable · · · Trust, dated November 29, 1992 · BUYER/TRANSFEREE: Realdentlal Holdlngs M2, LLC, a Callfcnnla llmlted llablllty company ASSE~SOR'S PARCEL NUMBER: 423-278~ STREET ADDRESS OR PHYSICAL LOCATION OF REAL PROPERTY: 819 Via Lido S9ud, Newport Beach, CA 92883 LEGAL DESCRIPTION: MAIL f>ROl>ERTY TAX INFORMATION TO: ResldanUal Holdlnga M2, LLC, a C11llfoml111 llmlted llablllty company clo Gary Jabara ,POBOX 4199 Newport Beach, CA 92661 BUYER'S DAYTIME TELEPHONE NUMBER: _ YES ~NO This property IS Intended as my prlndpal re!ldenca. If YES, plaasa lndk:ala the date of ocoopanc:y or Intended ocoupam.y. PART 1. TRANSFER INFORMATION Please complata aN statements. YES NO MO I r>AY I YEAR .Jt! A. This ltansfer Is aolely between spouses (addilioll or ,amoval of a spouse, death of a ,pouso, d/volCfl &11/f/6ment, etc.). --IL 8. This trensrer Is solely between domestic partners rurrenUy registered Wfth the Calll'ornla Se<:retery of Slete (a~llc>n or flllTIOilal of a pfltttlN, death of a parlnar, te,mlnatJon fflllenwnt, eto.). .JL. • C. This ls a transfer between: _ perenl{s) ir/ic! chl(d(ren) _ grendpacenl(s) and gflndchlld(ren) • ..ltf!. ' o. This 118nsaCUOn Is to replace a plinc:lpal residence by a l)tl'IOI! 65 yeans of age or older. . Wlll)lnlheeamocounty? _yes _NO . . . . ..,,Z' E. TIiis transaction Is to replace a principal residence by a pemon who Is seve,ely disabled as defined by Revenue and Taxallon Code section 69.6. Within Iha silll\o county? _ves _ NO · . L F. Thia lransactlon Is only a oorracllon of Iha name(•) of Ille parson(s)holdlng tiUa to the property (e.g., 1t 1111111G change upon man/age). If YES, please eicplaln: · · L G. The recorded document creates. teimrnatea, or reconvays a lendets Interest In Iha propeny. ~ H. This "811saellon Is reconlad only as a requltement for tlnanclng purposes or to create, tennfnate, or reconvey a security Interest (e.g., coalgna,), lfVES, please axplaln:..,........,__,.-:---,--..;.....,,....--,-...,,.-....,..---_...;.-'--------- ~ I. The recorded documan1 substitutes a llustee ol a lruat, mortgage. ot other $1mllar document. J. This Is a transfer of property; L 1, to/from a revoeable b'Ust Iha! may be revoked by Iha i,,nafafor and Is for the beneNI of _ Ille transferor, end/or _ lhe transferots gpouse _ reglstarlld domeallc partner. i/ 2. to/from e trust that may be revoked by the erealor/grantorJltustot v.f1o Is lilso a Joint tenant. and which namM the 01h11' lolnt tananl{s) as beneliclariea \\hen lhe creator/grantorltruator dies • .L 3. iolfrom an lmlvoaible trvslfodhe benefit of the . . . . .L _ ~torlgmnlor/lrustor andlor _ grantol'sltruslor's spouse _gfantofslltustor's registered dcmeslic paltner. 4. to/from an Irrevocable lnJsl from which lhe p;ope,ty ravw to Iha creatorlgtantor/llustor v.(thln 12 yeers . ..,,,t. K. This f)loperty Is sublect to a lease v.ith a remaining laasa lecm of 35 years or more Including written options, Ji? L. This Is a transr•r bat.veen parties In which jJnipa(tiOilal Interests of lhe nnslalor(s) and transretee(s) In each and eve,y partil!I being lransfll'l'8d remain exactly Ille aame after the ttensfar • ..L M .1111.s ls a fnujsfe, subject to subsidized low-Income housing requirements with govemmenlally Imposed restrictions. Z • N. Thie ltansfer Is to the fitsl pul'dlaser of a new bu11ding ClOlllelnlng an active solar energy ayalem. · ".If you chsd<ed YES to s.tatemenls C, D, or E, you may quafff)'.for a property tax reassessmimt exclusion, whlcfl may alow you to me1n1arn you, prel/lous tax bas&. If you checked YES lo stateme,,t N. you may quality for a ptOperty tax new c:onsttuctlon exckls.'on. A dalm form must be filed and all niqulrements met in order til oblaln any of these exc:luslons. Comad the Assessor for claim forms, Please provide any olher lnformauon that wll help the Assessor understand the nature of the transfer. . THIS DOCUMENT IS NOT SUBJECT TO PUBLIC INSPECTION PA2019-015 BOE~ (P2) REV. 11 (07-10) PART 2. OTHER TRANSFER INFORMATION Check and complete. as applicable. A. Daleofltansfet,lfolherthanttlOO!lllngdale: _______ ...._ __ 8. Type ol ttansfer. _0urchase _Foreclosure _ Gill _ Trade.or e1Cchange _ Me,ge,, stootc, orpatlllershlp acqlllsi11on(Foirn BOE-100.B) _ Conlnlct of sale. Date of contract: _ lnhetltance. Data ol<feelh: ------- -Sale/leaseback _ CtaaUon of a liase _Asstgnmant of a lease _ TannlnaUon Of e lease. Data iease began: _______ ....;.._ Ollgrnal 1em1 rn yea/8 (includingwrllten op6on11); _. _ Remaining lerm ln years (lncJudln(lwrman o,ilfons): ---. _ _ Olher. Pleaseupleln:, _______ ....;...;..... ________ ....;...;..;.. _________ .;.....;..... __ _ c. Only a pariial Interest In 1he PlOPert)' was rransteired. _ ves NO lfYES, /lldlcete the percentage lnlnsfetted: -'----'---% PART 3. PURCHASE PRICE AND TERMS OF SALE Check and complete as applicable. A. Toa.I purdlase or acquisition price. Do notlnduda dosing costs or mo,tgage fnsunanoe. [ ~ \91tu)qiod. j Down payment $. _____ _ lnlal'8$ll'llle: ______ % Seller-paid polnlB or closlng costs: s ... · ----- Balloon pa)mant: ''---'----- _ Loan oanled by seler -Assumpton ofConlraclilal Assessment• wtlh a remaining balance or: s ____ _ ' An 11SS811Sment used to finance property-specific Improvements that constitutes e ltt)l111gafnsl Uie real property. B. The properly was purc:hHed: _ Through ,ul estate brdcer. Broker name:--------Phone number:..__,_ ____ _ _ O!~f,omseller _ f,omafemUymember _ Other. Plaaseexplafn: -------------------------------- c. Please elqllaln any spedal tem,s, MIier concessions, 6nanclnQ, end any olher 1nronnet1on (e.g., buyer assumed Ille exladng loan balance) thlll would assist lhe As89$$0t In 1h11 veluation of your proper1)1. PART 4. PROPERTY INFORMATION Check and complete as applicable. A. l)'pe of property transfefted -1,Alngl•famffy lllsldence __ MulUple-filmily rasld&IICe. Number of units: __ _ Other. DasafpUon: (I.e., limber, mlnllfal, watllf righla, etc.) -~)'OU- -Condomllllllftl _ Timeshare Manufactured home _ Unimproved lot _ CommardalAndustrlal o. _ YES _6o PersonaVbuslness property, or Incentives, are Included In Iha purchase price. Examples are furniture, fann equipment, mac:hlnely, dub member&hlps, etc. Attach Nst If evallabla. If YES, enter the value If the pllSOl'laL'bllslness propertr, $. _______ _ C. _ YES _k::: NO A manufactured home Is lnduded In the purdlase prioe. If YES, enter the value attributed to Ille merl\lfac;tured home: $ _______ _ _ YES _60 The manufactured home is subject to local property tax. If NO, enter decal number: -------- 0. _ YES ~NO The prope,tyl)fOduoeuentalorolherlncome. If YES, Iha Income Is from: _ Lease/N111t _ Contract _ Miner,! rights _Other:-----------....;..---'----- E. Thaoondilionofthaproperty,tlhelimeofsalawas: _Good _Average _Fair _Poor Th& Assessor's office may conlact you ror addiUonal lrifonnaUon ,egardlng this ttensactlon. PA2019-015 e Fidelity National Title Ins•ranco Company POLICY NO.: 23012351A CLTA STANDARD COVERAGE POLICY OF 11'1LE INSURANCE Iss11ed by Fidelity National Title Insurance Company SUBJECT TO THE EXCLUSIONS FROM COVERAGE, . THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE BAND THE CONDITIONS AND STIPULATIONS, FIDELITY NATIONAL TITLE INSURANCE COMPANY, a California corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the Amount of Insurance stated in Schedule A, sustained or incurred by the insured by reaso11 of: l. Title to the estate or interest described in Schedule A being vested other than as stated therein; 2. Any defect in or lien or encumbrance on the title; 3. Unmarketability of the title; 4. Lack ofa right ofaccess to and from the land; and, in addition, as to an insured lender only: 5. The invalidity or unenforceability of the lien of the insured mortgage upon the title; 6. The priority of any lien or encumbrance over the lien of the insured mortgage, said mortgage being shown in Schedule B in the order of its priority; 7. The invalidity or unenforceability of any assignment of the insured mortgage, provided the assignment is shown in Schedule B, or the failure of the assignment shown in Schedule B to vest title to the insured mortgage in the named insured assignee free and clear of all liens. The Company will also pay the costs, attorneys• fees and expenses incurred in defense of the title or the lien of the insured mortgage, as insured, but only to the extent provided in the Conditions and Stipulations. IN WITNESS WHEREOF, FIDELITY NATIONAL TITLE INSURANCE COMPANY has caused this policy to be signed and sealed by its duly authorized officers. Fidelity Natio11al Title h1S1mmce Con1pany Countersigned by: (1__ Authorized Signature Authorized Signature 27067 CLTA Standard Coverage Policy (1990) PA2019-015 Order No.: 23012351-996-BST Policy No.: 23012351A 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 regulalion (including but not limited to building or zoning laws, ordinances, or regulations) restricting. regulating, prohibiting or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any improvement now or hereafter erected on the land, (iii) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part: or (M environmental protection, or the effect of anr violation of these laws, ordinances or governmental reg\dations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien or encumbrance resulling from a violation or alleged violation affecting the land has been recorded in lhe public records at Date of Policy. (b) Anr governmental police power not excluded by (a) above, except to the extent that 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 iu the public records at Date of Policy. 2. Rights of eminent domain unless notice of the exercise thereof hBs been recorded in the public records at Date of Policy, but not excluding from coverage any taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without knowledge. 3. Defects, liens, encumbrances, adverse claims, or other matters: (a) whether or not recorded in the public records at Date of Policy, but created, suffered, assumed or agreed to by the insured clainumt; (b) not kno\\11 to the Company, not recorded in the 1mblic records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant priqr to the date the insured claimant became an insured under this policy; (c) resulting in no loss or damage to lhe insured claimant; (d) attaching or crealed subsequent to Date of Policy; or ( e) resulting in loss or damage which would not have been sustained if the insured claimant had ))aid value for the insured mortgage or for the estate or interest insured by this policy. 4. Uncnforceability of the lien of the insmed mortgage because of the inability or failure of the insured at Date of Policy, or the inability or failure of any subsl!quent owner of the indebtedness, to comply with applicable doing business laws of the state in which the land is situated. 5. Invalidity or unentbrceabilily of the lien of the insured mortgage, or claim thereot: 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 Ibis policy or the transaction creating the interesl of lhe insured le11der, by reason of the operation of rcdernl bankrnptcy, state insolvency, or similar creditors' rights laws. 1. DEFINITION OFTERl\lS The following tcmls when used in this policy me.u1: (a) "insured": the insured named in Schedule A, and, subject to any rights or detenses the Company would have had agaillst the named insured, those who succeed to the interest of the named insured by operation of lnw as distinguished from purchase including, but not limited to, heirs, distributes, devisees, survivors, ~rsonal representatives, next of kin, or corporate or fiduciary successors. 1l1e tenn "insured" also includes (i} the owner of the indebtedness secured by the insured mortgage and each successor in ownership of lhe indebtedness except a successor who is an obligor under the provisions of Section 12(c) of these Conditions and Stipulations (reserving, however, all rights and defenses as to ai1y successor that the Company would have had against any predecessor insured, unless the successor acquired the indebtedness as a purchaser for value without knowledge of the asserted defect, lien, encumbrance, adverse claim or other matter insured against by this policy as affecting title to the estate or interest in the land}; Oi) any govemmental agency or governmental instrumentality which is an msurer or guarantor Ullder an insurance contract or guaranty insuring or guaranteeing the indebtedness securt."CI by the insured mortgage, or any part thereof, whether named as an insured herein cir not; (iii) the parties designated in Section 2(a) of these Conditions and Stipulations. (b) "insured claimant": an insured claiming loss or damage. (c) "insured lender': the owner of au insured mortgage. (d) "insured mortgage": a mortgage sho\\ll in Schedule B; the owner of which is named as an insured in Schedule A (e) "knowledge" or "known": actual lmo\\1edge, not constrnctive J...11owlcdgc or notice which may be imputed to an insured by reason of the public n.'Cords as defined in this poiicy or any other records which impart constructive notice of matters ntlecting the land. 27067 CLTA Standard Coverage Policy ( 1990) CONDITIONS AND STIPULATIONS (f) "land": the laud described, or referred to in Schedule A, and improvements aft1xed thereto which by law constitute real property. The 1enn "land" does not include an)' property beyond the lines of the area described or referred to in Schedule A, nor any right, title, interest, estate or easement in abutting streets, ronds, avenues, alleys, lanes, ways or waterways, but nothing herein shall modify or limit the extent to which a right of access to and from the land is insured by this policy. (g) "mortgage": mortgage, deed of trust, trust deed, or other security instrument. (h) "public records": records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without kll0\\1cdge. (i) "unmarkctability of the title": an alleged or apparent matter aflecting the title to the land, not excluded or excepted from coverage, which would entitle a purchaser of the estate or interest described in Schedule A or the insured mortgage to be released from the obligation to purchase by virtue of a contractual condition requiring the dclivciy of marketable title, 2, CONTINUATION OF INSURANCE (a) After Acquisition of Title by Insured Lender. If this policy insures the ow11er of the indebtedness secured b}' the insured mortgage, the coverage of this policy shall continue in force as of Date of Policy in tavor of (i) such insured lender who acquires all of any part of the e.state or interest in the land by foreclosures, trustee's sale, conveyance in lieu of fon.'Closure, or other legal manner Y.11ich discharges the lien of the insured mortgage; (ii) a transferee of the estate or interest so acquin.>d from an insured corporation, provided the transferee is the parent or \\itolly-0\med subsidiaiy ()f the insured corporation, and their corporate successors by operation of law and not by purchase, subject to any rights or defenses the Company may have against any predecessor insureds; and (iii) any governmental agency or governmental instrumentality which acquires all or any part of the est.1te or interest pursuant to a contract of insurance or guaranty irlSuring or guaranteeing the indebtedness secured by the insured mortgage. (b) After Conveyance of Title by an Insured. The coverage of this policy shall continue in force as of Date of Policy in favor of an insured only so long as the insured retains an estate or interest in the land, or holds an indebtedness secured by a purchase money mortgage given by n purchaser from the insured, or only so long as the insured shall ha\'c liability h)' reason of covenants or warranty made by the insured in any transfer or conveyance of the estale or interest. This policy shall not continue in force in favor of ony purchaser from an insured of either (i) an estate or interest in the land, or (ii) an indebtedness secured by a purchase money mortgage given to an insured. (c) Ammmt of Insurance. TI1e amount of insurance after the acquisition or after the conveyance by an insured lender shall in neither e,•ent exceed the least of: (i) the amount of insurance stated in Schedule A; (ii) the amount of the principnl of the indebtedness secured by the insured mortgage as of Date of Policy, interest thereon, expenses of foreclosure, amounts advanced purs\lant to the insured mortgage to assure compliance with laws or to protect the lien oflhe insuR.'CI mortgage prior to the time of acquisition of the estate or interest in the land and secured thereby and reasonable amounts expended to prevent deterioration of improvements, but reduced by the amount of all payments made; or (iii) the amount paid b}' any govemmental agency or governmental instrnmentality. if the agency or instnm1entality is the insured claimant, in the acquisition of the estate or interest in satisfaction of its insurance contract or guaranty. 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CUJMANT An insuR'<l shall notify the Company promptly in \\'Tiling (i} in case of any litigation as set forth in 4(a) below, (ii) in case lmoy,1edge shall come to an insured hereunder of any claim of title or interest which is adverse to the title to the e.state or interest or the lien of the insured mortgage, as insured, and \\11ich might cause loss or damage for which the Company may be liable by PA2019-015 Order No.: 23012351-996-BST virtue of this policy, or (iii) if title to the estate or interest or the liell orthe insured mortgage, as insmed, is rejected as umnarkelable. Tf prompt notice shall not be given to the Company, then as to that insured all liabilily of the Con1pany shall tem1inate with regard to the matter or matters for which prompt notice is required; provided, howe,•er, that failure to notil)• the Company shall in no cosc prejudice the rights of any insured under this policy unless the Company shall be prejudiced by the failure and then only to the extent of the prejudice. 4. DEFENSJ,; AND PROSECUTION OF ACTIONS; l)Uf\' OF INSURED CL.\.11\IANT TO COOPERATE (a) Upon \\Titten n.-que.st by an insured and subject to the options contained in Section 6 of these Conditions and Stipulations, the Compail}', at its own cost and without unreasonable delay, shall provide for the defense of such insured in litigation in which any third party asmts a claim ad\'erse to the title or interest as insured, but only as to those stated causes of action alleging a defect, lien or encumbrance or other matter insured against by this policy. The Company shall have the tight to selecl counsel of its choice (subject to the right of such insured to object for reasonable cause) to represent the insured as to those stated causes of action and shall not be liable for and will not pay the fees of any other counsel. The Company will not p.'ly any fce.s, costs or expenses incurred by an insured in the defense of those causes of action which allege matters not insured against by this policy. (b) The Company shall have the right, at its own cost, to institute and prosecute any action or proceeding or to do any other act which in its opinion may be necessary or desirable to establish the title to the estate or interest or the lien of the insured mortgage, as insured, or to prevent or reduce loss or damage to an insured. The Company may take any appropriate action under the tenns of this pol icy, whether or not it shall be liable hereunder, and shall not thereby concede liability or waive any provision of this policy. If the Company shall exercise its rights under this paragraph, it shall do so diligently, (c) Whenever the Company shall have brought an action or interposed a defense as required or pem1ittcd by the provisions of this policy. the Company may pursue any litigation to final detennination by a court of competent jurisdiction and expressly reserves the right, in its sole discrelion, to appeal from M>' ad\•erse judgment or order. (d) In all cases \\11ere this policy pemlits or requires the Company to prosecute or provide for the defense of any action or proceeding, an insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, and all appeals therein, and pcnnit the Company to use, at its option, the name of such insured for this purpose. Whenever requested by the Company, an insured, at the Company's expense, shall give the Company all reasonable aid (i) in any action or proceeding, securing evidence, obtaiiiing witnesses. prosecuting or defending the action or proceeding, or eflecting settlement, and (ii) in any other lawful act which in the opinion of the Company may oo m.'CCSS.11)' or desirable to establish the title to the estate or interest or the lien of the insured mortgage, as insured. If the Company is prejudiced by the failure of nn insured to furnish the required cooperation, the Company's obligations to such insured under the policy shall tenninate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. S. PROOF o•· LOSS OR DAMAGE In nddition to and after the notices required under Section 3 of these Conditions and Stipulations have been 27067 CLTA Standard Coverage Policy ( 1990) provided the Company, a proof of loss or damage signed and swom to by each insured claimant shall be furnished to the Company within 90 days after the insured claimant shall ascertain the facts giving rise to the loss or damage. 'I11e proof of loss or damage shall describe the def e(t in, or lieu or encumbrance · on the title, or other matter insured against by this policy which constitutes the basis ofloss or damage and shall state. to the extent possible, the basis of calculating the amount of the loss or damage. If the Company is prejudiced by the failure of an insured claimant to provide the required proof of toss or damage, the Company's obligations to such insured under the policy shall tem1i.nate, including any liability or obligation to defend, prosecute, or continue any litigation, wiU1 regard to the matter or matters requiring such proof of loss or damage. In addition, an insured claimant may reasonably be required to submit to examination under oath by any authorized representative of the Company and shall produce for examination, inspection and copying, at such reasonable limes and places as may be designated by any authorized representative of lhc Company, all n.-cords. books, ledgers. checks, correspondence and memoranda, whether bearing a date before or after Date of Policy, which reasonably pertain to the loss or damage. Further, if requested b)' any authorized representative of the Company, the insured claimant shall grant its pennission. in \\Tiling, for any authorized representative of the Company to examine, inspect and copy all records, books, ledgers, checks, correspondence ru1d memomnda in the custody or coi1trol of a third party, which reasonably pertain to the loss or damage. All infonnation designated as confidential by an insured claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is ll\.>ccssary in the administmtion of the claim. Failure of an insured claimant to submit for examination under oath, produce other reasonably requested intbm1atio11 or grant 1~m1ission to secure reasonably necessary infonnation from third parties as required in this paragraph, unless prohibited by law or govenunental regulation, shall tenninate any liability of the Comp.'\n}' under this policy as to that insured for that claim. 6. OPTIONS TO PA\' OR OTHERWISE sirrru: CLAIMS; TJmMINATION O}l LlABIUTY In case of a claim under this policy, the Company shall have the following additional options: (a) To Pay or Tender Payment ort11e Amount oflnsunuu:e or to Pul'chase the lndebledn~. (i) to pay or tender payment of the amount of insurance under this policy together with any costs, attorneys' f oos and expenses incurred by the insun.'d claimant, which were authorized by the Company, up to the time of pa)'mcnt or tender of payment and which the Company is obligated to pay; or (ii) in case loss or damage is claimed under this policy by the owner of the indebtedness secured by the insured mongage, to purchase the indebtedness secured by the insured mortgage for the amount owing thereon together with any costs, attorneys' fees and expenses incurred by the insured clah11ru1t which were authorized by the Company up to lhe time of purchase and which the Company is obligated to pay. If the Company ofl:ers to purchase the indebtedness as herein provided, the owner of the indcbtedne.ss shall transfer, assign, and convey the indebtedness and the insured mortgage, together with any collateral security, to the Company upon payment therefore. Upon the exercise by the Company of the option provided. for . in paragraph n(i), all liability and obligations to the insured under this policy, other than to make the payment required in that pamgrnph, shall Policy No.: 23012351A tenninate, including any liability or obligation to defend, prosecute, or continue any litigation, and the policy shall be surrendered to the Company for cancellation. Upon the exercise by the Company of the option provided for in pamgraph a(ii) the Company's obligation to an insured Lender under !his policy for the claimed loss or damage, other than the payment required to be made, shall tenninate, including any liability or obligation to defend, prosecute or continue any litigation. (b) To Pay or Otherwise Settle With Pin1ies Other man the Insured or With the lnsurt'd Claimant. (i) to pay or otherwise settle with other parties for or in the name of an insured claimant any claim insured against under this policy, together with any costs, attomeys fees and expenses incurred by the insured claimant which were authorized by the Company up to the time of payment and \\bich the Company is obligated to pay; or (ii) to pay or otherwise settle with Ute insured claimant the loss or damage providt.'<I for under this policy, together with any costs, attorneys' ll'\1S and expenses incurred by the insured claimant which were authorized by the Company up to the lime of payment and \\1tich the Company is obligated to pay. Upon the exercise by the Compan)' of either of the options provided for in paragraphs b(i) or b(ii), the Company's obligations to the insured under this policy for !he claimed loss or damage, other than the payments req\1ired lo be made, shall tenninate, including any liability or obligation to defend, prosecute or continue any litigation. 7. DETEnl\fiNATION AND EXTENT OF UABILIT\' This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the insured claimant who has suff cred Joss or damage by reason of matters insured against by this policy and only to the ex1ent herein described. (a) The liability of the Company under this policy to an insured lender shall not exceed the least of (i) the Amount of lnsumnce stated in Schedule A, or, if applicable, the amount of insurance as defined in Section 2(c) of these Conditions and Stipulations; (ii) the amount of the unpaid principal indebtedness secured by the insured mortgage as limited or provided under Section 8 of these Conditions and Stipulations or as reduced under Section 9 of these Conditions and Stipulations, at the lime the loss or damage insured against by this policy occurs, together with interest thereon; or (iii) the diDerence between the value of the insured estate or interest as insured and the \'alue of the insured estate or interest subject to the defect, lien or encumbmnce insured against by this policy. (b) In the event.the insured lender has acquired the estate or interest in the manner described m Section 2(a) of these Conditions and Stipulations or has cml\'eyed the title, then the liabilit}' of the Company shall continue as set forth in Section 7(a) of these Conditions and Stipulations; (c) The liability of the Company under this policy to nn insured owner of the estate or interest in the land described in Schedule A shall not exceed the least of: (i) the Amount of the Insurance state.d in Schedule A; or, (ii) the difference between the value of the insured eslate or interest as insured and the value of the insured estate or interest subje<:t to the defect, lien or encumbrance insured against by this polic>'· (d) The Company will pay only those costs. attomeys' iees and expenses incurred in accordance with Section 4 of these Conditions and Stipulations. PA2019-015 Order No.: 23012351-996-HST 8. Ll.l\llTATION OF LIABILITY (n) If the Company establishes the title, or removes the alleged defect, lien or e11cumbrance, or cures the lack of a right of access to or from the land, or cures the claim of unmarketability of title, or otherwise establishes the lien of the insured mortgage, all as insured, in a reasonably diligent maimer by any method, including litigation and the complelion of any appeals there from, it shall ha,·e fully pertbnned ilS obligations with respect to that matter and shall notbc liable for any loss or damage caused thereby. (b) In the C\'Cnt of any litigation, including litigation by the Comp:my or with lhe Company's consent, the Company shall have no liability for loss or damage until there has been a final detem1ination by a court of competent jurisdiction, and disposition of all appeals there from, adverse to the title, or, if applicable, to the lien of the insun.'<I mortgage, as insured. (c) The Company shall not be liable for loss or damage to any ins1ired for liabilitr voluntaril}' assrnued by the insured in settling any claun or suit without the prior written consent of the Company. (d) 'fl1e Compan¥. slmll not be liable to an insured lender for: (1} M)' indebtedness created subsequent to Date of Policy except for advances made to protect the lien of the insured mortgage and secured thereby and reasonable amounts expended to prevent deterioration of improvements; or (ii) construction loan advances made subsequent to Date of Policy, except constmction loan advances made subsequent to Date of Policy for the purpose of financing in whole or in part the construction of an improvement to the land which at Date of Policy were secured by the insured mortgage and which the insured was and continued to be obligated to advance at and aner Date of Policy. 9. RJmUCTION OF li~SURANCE; REDUCTION OR TERMINATION OF LIABILITY (a} All payments under this policy, except payments made for costs, attorneys' fees and expenses, shall reduce the amount ofinsurance pro tanto. However, as to tm insured lender, any payments made prior to the acquisition of title to the estate or interest as provided in Section 2(a) of these Conditions and Stipulations shall not reduce pro tanto the amount of insurance afforded under this policy as to any such insured, except to the extent that the payments reduce the amount of the indebtedness secured by the i1m1red mortgage. (b) Payment in part by any person of the principal of the indebtedness, or any other obligation secured by the insured mortgage, or any vohmta,y partial satisfaction or release of the insured mortgage, to the extent of the pa)111ent, satisfaction or release, shall reduce the amount of insurance pro tanto. The amount of insurance may thereafter be increased by accruing interest and advances made to protect the lien of the insured mortgage and secured thereby, with intel\'St thereon, provided i11 no 1went shall the amount of insurance be greater than tho Amount of lnsurnnce stated in Schedule A. (c) Payment in foll by any person or the \'oluntary satisfaction or release of the insured mortgage shall tenninate all liability of the Company to an insured lender except ns provided in Settion 2(a) of these Conditions and Stipulations. IO. LIABILIT\' NONCUMULATIVE Jt is exprc,;>.ssly understood that the amount of insumnce under this policy shall ~ reduced by any amount the Company may pay under any poliC}' insuring a mortgage to which exception is taken in Schedule B or to which the insured has agreed, assumed, or taken subJett, or which is hereafter executed by an insured and which is a charge or lien on the estate or interest described or referred to in Schedule A, and the amount 27067 CLTA Standard Coverage Policy ( I 990) so paid shall be deen1ed a pay111ent under this policy to the insured owner. The provisions of this Section shall not apply to 1m insured tender, unle.ss such insured acquires title to said estate or. interest in sntisfaction of the indebtedness secured by an insured mortgage. l l, PAYMENT OF LOSS (a) No payment shall be made without producing this policy for endorsement of the payment unless the policy has been lost or destroyed, in which case proof of Joss or destruction shall be l\1mished to the satisfaction of the Company. (b) When liability and the extent of loss or damage has been definitely fo,ed in accordance with these Conditions and Stipulations, the loss or damage shall be payable within 30 days thereafter. 12. SUUROGATION UPON PAYMENT OR SETfl,El\fENT (a) The Company's Right of Subrogation. Whenewrthe Compm1y shall have settled nnd paid n claim under this policy, all right of subrogation shall vest in the Company unaffected by any net of the insured clainmnt The Company shall be subrogated to and be entitled to all rights and remedies which the insured claimant would have had against any person or property in respect to the claim had this policy not ~n issued. If reque.sted by the Company, the insured claimant shall transfer to the Company all rights and remedies against any person or property necessruy in order to pertect this right of subrogation. The insured claimant shall pennit the Company to sue, compromise or settle in the name of the insured claimant and to use the name of the insured claimant in any transaction or litigation involving these rights or remedies. If a payment on account of a claim does not fully cover the loss of the insured claimant., the Company shall be subrogated (i) as to an insured owner, to all rights and remedies in the proportion ·which the Comp.my's payment bears to the whole amount of the loss; and (ii) as to an insured lender, to all rights and remedies of the insured claimant after the insured claimant shall have recovered its principal, interest., and costs of collection. If loss should result from any act of the insured claimant, as stated abo\'c, that act shall not void this policy, but the Company, in that event, shall be required to pay only that part of any losses insured against by this policy \\i1ich shall exceed the an1ount, if any, lost to the Company b>· reason of the impaim1ent by the insured claimant of the Coinpany's right of subrogation. (b) The Jnsured's Rights and Limitations. Notwithstanding the foregoing, the O\mer of the indebtedness secured by an insured mortgage, provided the priority of the lien of the insured mortgage or its enforceability is not atlected, may release or substitute the personal liability of any debtor or guarantor, or e~'tend or otheiwise modify the tem1s of payment, or release a portion of the estate or interest from the lien of the insured mortgage, or release any collateral security for the indebtedness. When the pemtitted acts of the insured claimant occur and the insured has knowledge ofan)' claim oftitle or interest adverse to the title to the estnte or interest or the priority or enforceability of the lien of an insured mortgage, as insured, the Comp.111y shall be required to pay onl)' that part of any losses insured against b)' this policy "11ich shall exceed the amount, if any, lost to the Company by reason of the impainnent by the insured claimant of the Company's right of subrogation. (c) The Company's Rights Against Non-insured Obligors. The Company's right of subrogation against non- insured obligors shall exist and shall include, without limitation, the rights . of the insured to indemnities, Policy No.: 23012351A guaranties, other policies of insurance or bonds, notwithstanding any renns or conditions contained in those i11stmments \',1tich provide for subrogation rights by reason of this policy. llie Compa1w's right of subrogation shall not be avoided by acquisition of an insured mortgage by an obligor {except an obligordescribed i11 Section l(a)(ii) of these Conditions and Stipulations) who acquires the insured mortgage as a result of an indemnity, guarantee, other policy ofitisurance, or bond and the obligor will not bean insured under this policy, notwithstanding Section l(aXi} of these Conditions and Stipulations. 13. ARBITRATION Unless prohibited by applicable law, either the Company or the insured may demand arbitration pursuant to the Title Insurance Arbitration Rules of the American Arbitration Association. Arbitrable matters may include, but are not limited to, any controversy or claun between the Company and the insun.'<I arising out of or relating to this policy, any service of the Company in connection with its issuance or the breach of n policy provision or other obligation. All arbitrablc nmtters when the Amount of Insurance is: $1,000,000 or less shall be arbitrated at the option of either the Company or the insured. All arbitrable matters when the Amount of Insurance is in excess of $1,000,000 sh111l be arbitrated only when agreed to b}' both the Company and the insured. Arbitmtion pursuant to this policy mid under the Rules in ellcct on the date the demand for arbitration 1s made or, at the option of the insured, the Rules in eOect at Date of Polic>' shall be binding upon the parties. The award may include attorneys' tt-e.s only if the laws of the state in which the froid is located permit a court to award attomc}•s' fees ton prevailing party. Judgment upon the award rendered by the Arbitratol(s) may be entered in any court havi.ngjurisdiction thereof. n,e law of the situs of the land shall apply to an arbitration under the Title Insurance Arbitmtio11 Rules. A copy of the Rules may be obtained from the Company upon request. 14. LIABILIT\' LII\UTED TO THIS POLICY; POLICY ENTffiE CONTRACT (a) This policy together with all endorsements, if any, attached hereto b)' the Comp.1ny is the entire policy and contrnct between the insured and the Cornpanr. In interpreting any provision of this policy, this policy shall be constrned as a \\11ole. (b) Any claim of loss or damage, whether or not based on negligence, and \\1lich arises out of the stan1s of the lien of the insured mortgage or of the title to the estate or interest covered hereby or by any action asserting such claim, shall be re.stricted to this policy. (c) No amendment of or endorsement to this policy can be made except by a writing endorsed hereon or attached hereto signed by either the President, a Vice President, the Secretal)', and Assistant Secretary, or validating o01cer or authorized signatory of the Company. 15. SEVERABILITY In the event any provision of the policy is held invalid or unenforceable under applicable law, the policy shall be d~med not to include that provision and all other provisions shall remain in full force and etlect 16. NOTICES, WHERE SENT All notices required to be given the Company and any statement in v.1iting required to be fumished the Company shall include the number of this policy and shall oo addressed to the Company at: Fidelity National Title Insurance Company P.O. Box45023 Jacksonville, FL 32232-5023 Attn: Claims Department PA2019-015 Order No.: 23012351-996-BST SCHEDULE A Order No.; 23012351-996-BST Amount of Insurance~ $18,000,000.00 Date of Policy: August 1, 2012 at 04:30PM t. Name of Insured: RESIDENTIAL HOLDINGS Ml, Ile, A Califomia limited liability com11any 2. The estate or interest in the land which is covered by this policy is: AFEE 3. Title to the estate or interest in the land is vested in: RESIDENTIAL HOLDINGS M2, LLC, A California limited liability com1rnny 4. The land referred to in this policy is described as follows: See Exhibit A attached he1·eto and made a pm·t hel'eof. THIS POLICY VALID ONLY IF SCHEDULE BIS ATTACHED 27067 CLTA Standard Coverage Policy {1990) Policy No.: 23012351A Policy No.: 23012351A Premium: $12,813.00 Page I PA2019-015 Order No.: 23012351-996-BST EXHIBIT A LEGAL DESCRIPTION Policy No.: 23012351A THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF ORANGE, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS: LOT 304,305 & 306 OF TRACT NO. 907, IN THE CITY OF NEWPORT BEACH, COUNTY OF ORANGE, STATE OF CALJFORNIA, AS PER MAP RECORDED IN BOOK 28, PAGE(S) 25 TO 36, INCLUSIVE, OF MISCELLANEOUS MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. APN: 423-278-06 APN: 423-278-06 27067 CLTA Standard Coverage Policy (1990) Page 2 PA2019-015 Order No.: 23012351-996-HST SCHEDULED EXCEPTIONS FROM COVERAGE Policy No.: 23012351A 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: PARTI 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 prope11y 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 boimdary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b) or (c) are shown by the public records. 6. Any lien or right to a lien for services, labor or material not shown by the public records. 27067 CLTA Standard Coverage Policy (1990) Page 3 PA2019-015 Order No.: 23012351-996~BST SCHEDULED PART II Policy No.: 23012351A l. Property taxes, which are a lien not yet due and payable, including any assessments collected with taxes to be levied for the fiscal year 2012M2013. 2. 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. 3. Water rights, claims or title to water, whether or not disclosed by the public records. 4. Any adverse claim based upon the assertion that some portion of said Land is tide or submerged lands, or has been created by artificial means or has accreted to such portion so created. 5. Any adverse claim based upon the assertion that any portion of said Land was not tideland which was available for disposition by the State, or that any portion thereoflms become submerged land by reason of erosion or lms become upland by reason of accretion. Rights and easements for commerce, navigation and fishery. 6. Easement(s) for the purpose(s) shown below and rights incidental thereto as delineated or as offered for dedication, on the map of said tract/plat; Purpose: Affects: Public utilities and incidental purposes The Northeasterly 4 feet of the land 7. Covenants, conditions and restrictions but omitting any covenants or restrictions, if any, including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap, national origin, ancestry, source of income, gender, gender identity, gender expression, medical condition or genetic information, as set forth in applicable state or federal laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth in the document Recording No: In Book 228, Page 1 of Official Records 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. All rights of enforcement, approval, maintenance, inspection, supervision, control and operation, created, imposed, set forth and provided in said declaration, were conveyed to Lido Isle Community Association, a corporation, by Deed recorded in Book 218, Page 475 of Official Records. Modification(s) of said covenants, conditions and restrictions Recording No: In Book 1036, Page 531; in Book 1041, Page 208; in Book 2675, Page 322; in Book 8233, Page 143; in Book 8836, Page 3 84; in Book 11522, Page 649; in Book I 181 I, Page 1207; in Book 13581, Page 1209; as Instrument No. 02~314486; 2007000625054 and 2008000235975, all of Official Records. 8; Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document: Purpose: Recording No: Affects: Public utilities In Book 361, Page 113 of Official Records The No11herly 4 feet of said land 27067 CLTA Standard Coverage Policy (1990) Page 4 PA2019-015 Order No.: 23012351-996-HST Policy No.: 23012351A SCHEDULE B -Part II (Continued) 9. Matters contained in that certain document Entitled: Dated: Executed by: Recording Date: Recording No: Covenant and Agreement to Hold Property as a Single Parcel and Building Site March 25, I 977 Gene M. Washburn April 11, 1977 In Book 12141, Page 254 of Official Records Reference is hereby made to said document for full particulars. 10. Matters contained in that certain document Entitled: Dated: Encroachment Agreement September 25, 2008 Executed by: Palazzola Family Limited Partnership and the City of Newport Beach, California, a municipal corporation Recording Date: November 07, 2008 Recording No: 20080005244 l 6, Official Records Reference is hereby made to said document for full particulars. END OF SCHEDULE B 27067 CLTA Standard Coverage Policy (1990} Page5 PA2019-015I· < t9. La~rsTitle Key Escrow 450 Newport Center Drive # 150 Newport Beach, CA 92Q60 Attn: Brandi Rivera Prelim Title Report Your Reference No: 819 Via Lido Saud .. . . .... Property Address: 819 Via Lido Soud, Newport Beach, California Introducing ~ La~rsTitle LiveLOOK Lawyers Title -Orange County 16755 Von Karman, Suite 100 Irvine, CA 92606 Title Officer: Terri Haun -So Email: tu57@ltic.com Phone No.: (800) 800-2582 File No.: 218570822 LlveLOOK title document delivery system is designed to provide 24/7 real-time access to all information related to a title insurance transaction. Access title reports, exception documents, an easy-to-use summary page, and more, at your fingertips arid your convenience. To view your new Lawyers Title LiveLOOK report, Click Here . ·'······ ·~· ......................... ~ ~-·-~~~-~t-~~ti~. ; ~--..... " ... ITr.r.'1· ... #1 ~<h·•!",~ ~""'l°l'fll'l't';..,,~"'"''' Effortless, Efficient, Compliant, and Accessible PA2019-015 ,S. La~ersTitle· Key Escrow 450 Newport Center Drive #150 Newport Beach, CA 92660 Attn: Brandi Rivera Your Reference No: Lawyers Title Company 16755 Von Karman Avenue Suite 100 Irvine, CA 92606 Phone: (949) 223-5575 Fax: ( ) Title Officer: Terri Haun -So email.: tu57@ltic.com Phone No.: (800) 800-2582 Fax No.: File No.: 218570822 819 Via Lido Soud Property Address: 819 Via Lido Soud, City of Newport Beach, California UPDATED PRELIMINARY REPORT Dated as of November 27, 2018 at 7:30 a.m. In response to the application for a policy of title insurance referenced herein, Lawyers 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 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 herein or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations or Conditions 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 Attachment One. The policy to be issued may contain an arbitration clause. When the Amount of Insurance is less than that set forth in the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitation on Covered. Risks applicable to the CLTA and ALTA Homeowner'$ Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth in Attachment One. Copies of the policy forms should be read. They are available from the office which issued this report. The policy(s) of title insurance to be issued hereunder will be policy(s) of Commonwealth Land Title Insurance Company. Please read the exceptions shown or referred to below and the exceptions and exclusions set forth in Attachment One of this report carefully. The exceptions and exclusions are meant to provide you with notice of matters which are not covered under the terms of the title insurance policy and should be carefully considered. It is important to note that this preliminary report is not a written representation as to the condition of title and may not list all liens, defects, and encumbrances affecting title to the land. This report (and any supplements or amendments hereto) is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the is.suance of a policy of title insurance, a Binder or Commitment should be requested. CLTA Preliminary Report Form -Modified (11-17-06) Page 1 PA2019-015 SCHEDULE A The form of policy of title insurance contemplated by this report is: CLTA/ ALTA 2013 Homeowner's Policy of Title Insurance ALTA Loan 2006 File No: 218570822 The estate or interes~ 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: Residential Holdings M2, LLC, a California limited liability company The land referred to herein is situated in the County of Orange, State of California, and is described as follows: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF CLTA Preliminary Report Form -Modified (11-17-06) Page 2 PA2019-015 File No: 218570822 EXHIBIT "A" THE LAND REFERRED TO HEREIN IS SITUATED IN THE COUNTY OF ORANGE, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS: LOTS 304, 305 AND 306 OF TRACT NO. 907, IN THE CITY OF NEWPORT BEACH, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 28, PAGE(S) 25 TO 36, INCLUSIVE OF MISCELLANEOUS MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID COUNTY. ASSESSOR'S PARCEL NUMBER: 423-278-06 CLTA Preliminary Report Form -Modified (11-17-06) Page 3 PA2019-015 File No: 218570822 SCHEDULEB 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 any personal property taxes and any assessments collected with taxes, are as follows: Tax Identification No.: Fiscal Year: 1st Installment: Penalty: 2nd Installment: Penalty and Cost: Homeowners Exemption: Code Area: 423-278-06 2018-2019 $102,922~01, Open (Delinquent after December 10) $10,291.20 $102,922.01, Open (Delinquent after April 10) $10,315.20 Not Shown 07-001 B. The lien of supplemental or escaped assessments of property taxes, if any, made pursuant to the provisions of Chapter 3.5 (commencing with Section 75) or Part 2, Chapter 3, Articles 3 and 4, respectively, of the Revenue and Taxation Code of the State of California as a result of the transfer of title to the vestee named in Schedule A or as a result of changes in ownership or new construction occurring prior to Date of Policy. 1. Water rights, claims or title to water, whether or not disclosed by the Public Records. 2. All easements, offers and dedications as shown on the official map Tract of: 907 3. Declaration of covenants, conditions and restrictions but omitting any covenants or restrictions, if any, including but· not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap, national origin, citizenship, immigration status, primary language, ancestry, source of income, gender, gender identity, gender expression, medical condition or genetic information, as set forth in applicable state or federal laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth in the below document, which, among other things, may contain or provide for easements; assessments, liens and the subordination thereof; 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: Recording No.: Book 228. Page 1, of Official Records Said instrument also provides for the levy of assessments, the lien of which is stated to be subordinate to the lien of certain mortgages or deeds of trust made in good faith and for value. Modification(s) of said covenants, conditions and restrictions Recording Date: April 16, 1940 Recording No.: Book 1036, Page 531, of Official Records Modification(s) of said covenants, conditions and restrictions Recording Date: April 16, 1940 Recording No.: Book 1041. Page 208, of Official Records . . Modification(s) of said covenants, conditions and restrictions Recording No.: Book 2675. Page 322, of Official Records CLTA Preliminary Report Form -Modified (11-17-06) Page 4 PA2019-015 Modification(s) of said covenants, conditions and restrictions Recording No.: March 1, 1954 Recording No.: Book 8233. Page 143, of Official Records Modification(s) of said covenants, conditions and restrictions Recording No.: Book 8836. Page 384, of Official Records Modification(s) of said covenants, conditions and restrictions Recording No.: Book 11522, Page 649, of Official Records Modification(s) of said covenants, conditions and restrictions Recording No.: Book 11811, Page 1207, of Official Records Modification(s) of said covenants, conditions and restrictions Recording No.: Book 13581. Page 1209, of Official Records Modification(s) of said covenants, conditions and restrictions Recording Date: March 19, 1982 Recording No: 82-095046, of Official Records Modification(s) of said covenants, conditions and restrictions Recording Date: Recording No.: November 24, 1987 87-659472, of Official Records Modification(s) of said covenants, conditions and restrictions Recording Date: April 15, 2002 Recording No.: 20020314486, of Official Records Modification(s) of said covenants, conditions and restrictions Recording Date: October 1 I, 2007 Recording No.: 2007000625054, of Official Records , Modification(s) of said covenants, conditions and restrictions Recording Date: May 16, 2008 Recording No.: 2008000235975, of Official Records File No: 218570822 4. Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document: Purpose: Public Utilities Recording No.: Book 361. Page 113, of Official Records Affects: said land more particularly described therein 5. An instrument entitled Covenant and Agreement to Hold Property as a Single Parcel and Building Site Executed by: In favor of: Recording Date: Recording No.: Gene M. Washburn City of Newport Beach April 11, 1977 Book 12141. Page 254, of Official Records CLTA Preliminary Report Form -Modified (11-17-06) Page 5 PA2019-015 File No: 218570822 Reference is hereby made to said document for full particulars. This covenant and agreement provides that it shall be binding upon any future owners, encumbrancers, their successors or assigns, and shall continue in effect until the advisory agency approves termination. 6. Matters contained in that certain document Entitled: Executed by: Recording Date: Recording No.: Encroachment Agreement Palazzola Family Limited Partnership and the City of Newport Beach, California, a Municipal Corporation November 7, 2008 2008000524416, of Official Records Reference is hereby made to said document for full particulars 7. A deed of trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby Amount: Dated: Trustor/Grantor: Trustee: Beneficiary: Loan No.: Recording Date: Recording No: Not Shown January 30, 2015 Residential Holdings M2, LLC, a California limited liability company Fidelity National Title Company, a California Corporation Lisa Jabara Not Set Out February 3, 2015 2015000051329, of Official Records This Company will require that the original note, the original deed of trust and a properly executed request for full reconveyance together with appropriate documentation (i.e., copy of trust, partnership agreement or corporate resolution) be in this office prior to the close of this transaction if the above- mentioned item is to be paid through this transaction or deleted from a policy of title insurance. Any demands submitted to us for payoff must be signed by all beneficiaries as shown on said deed of trust, and/or any assignments thereto. In the event said demand is submitted by an agent of the beneficiary(s), we will require the written approval of the demand by the beneficiary(s). Servicing agreements do not constitute approval for the purposes of this requirement. If no amounts remain due under the obligation a zero balance demand will be required along with the reconveyance documents. · In addition, we require the written approval of said demand by the trustor(s) on said deed of trust or the current owners if applicable. A substitution of trustee under said deed of trust which names, as the substituted trustee, the following Trustee: Recording Date: Recording No.: Lisa Jabara February 13, 2018 2018000049473, of Official Records CLTA Preliminary Report Form -Modified (11-17-06) Page 6 PA2019-015 File No: 218570822 The effect of a release, satisfaction or reconveyance recorded February 13, 2018 at Instrument No. 2018000049473, of Official Records, which purports to release, satisfy or reconvey the above- mentioned mortgage or deed of trust. The requirement that the release, satisfaction or reconveyance of the above mortgage or deed of trust be verified with the lender or loan servicer. If the mortgage or deed of trust was a MERS loan, the identity of the lender or loan servicer may be obtained from the MERS website (www.mersinc.org), or by calling the MERS Helpdesk 1-888-680-6377. After obtaining the identity of the lender or loan servicer, the lender or loan servicer must be contacted and the release, satisfaction or reconveyance verified. The verification must be in writing to the Company. The Company reserves the right to make additional requirements or add additional items or exceptions. 8. The search did not disclose any open mortgages or deeds of trust of record, therefore the Company reserves the right to require further evidence to confirm that the property is unencumbered, and further reserves the right to make additional requirements or add additional items or exceptions upon receipt of the requested evidence. 9. Any rights of the parties in possession of a portion of, or all of, said Land, which rights are not disclosed by the Public Records. The Company will require, for review, a full and complete copy of any unrecorded agreement, contract, license and/or lease, together with all supplements, assignments and amendments thereto, before issuing any policy of title insurance without excepting this item from coverage. The Company reserves the right to except additional items and/or make additional requirements after reviewing said documents. END OF SCHEDULE B EXCEPTIONS PLEASE REF.ER TO THE "NOTES AND REQUIREMENTS SECTION" WHICtl FOLLOWS FOR INFORMATION NECESSARY TO COMPLETE THIS TRANSACTION CLTA Preliminary Report Form -Modified (11-17-06) Page 7 PA2019-015 File No: 218570822 REQUIREMENTS SECTION: Req. No. 1: In order to complete this report, the Company requires a Statement of Information to be completed by the following party(s), Party(s): All Parties The Company reserves the right to add additional items or make further requirements after review of the requested Statement of Information. 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: Satisfactory evidence must be furnished from the secretary or other duly qualified officer of the Association showing that all assessments and fees, including special assessments or payments due to others, such as master associations, are paid in full through the date of closing. Req. No. 3: The Company will require the following documents for review prior to the issuance of any title insurance predicated upon a conveyance or encumbrance from the entity named below: Limited Liability Company: Residential Holdings M2, LLC, a California limited liability company a) A copy of its operating agreement, if any, and any and all amendments, supplements and/or modifications thereto, certified by the appropriate manager or member b) If a domestic Limited Liability Company, a copy of its Articles of Organization and all amendments thereto with the appropriate filing stamps c) If the Limited Liability Company is member-managed, a full and complete current list of members certified by the appropriate manager or member d) If the Limited Liability Company was formed in a foreign jurisdiction, evidence, satisfactory to the Company, that it was validly formed, is in good standing and authorized to do business in the state of origin e) If less than all members, or managers, as appropriate, will be executing the closing documents, furnish evidence of the authority of those signing. The Company reserves the right to add additional items or make further requirements after review of the requested documentation. CLTA Preliminary Report Form -Modified (11-17-06) Page 8 PA2019-015 File No: 218570822 INFORMATIONAL NOTES SECTION Note No. 1: The information on the attached plat is provided for your convenience as a guide to the general location of the subject property. The accuracy of this plat is not guaranteed, nor is it a part of any policy, report or guarantee to which it may be attached. Note No. 2: California insurance code section 12413.1 regulates the disbursement of escrow and sub-escrow funds by title companies. The law requires that funds be deposited in the title company escrow account and available for withdrawal prior to disbursement. Funds deposited with the company by wire transfer may be disbursed upon receipt. Funds deposited with the company via cashier's check or teller's check drawn on a California based bank may be disbursed on 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 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. Those benefits may include, without limitation, credits allowed by such financial institution on loans to the company 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. For wiring Instructions please contact your Title Officer or Title Company Escrow officer. Note No. 3: Lawyers Title is a division of Commonwealth Land Title Insurance Company. The insurer in policies of title insurance, when issued in this transaction, will be Commonwealth Land Title Insurance Company. Note No. 4: Notice: Please be aware that due to the conflict between federal and state laws concerning the cultivation, distribution, manufacture or sale of marijuana, the Company is not able to close or insure any transaction involving Land that is associated with these activities. Note No. 5: None of the items shown in this report will cause the Company to decline to attach CLTA Endorsement Form 100 to an ALTA Loan Policy, when issued. Note No. 6: The following information will be included in the CLTA Form 116 or ALTA Form 22-06 Endorsement to be issued pursuant to this order: There is located on said Land: Single Family Residence in a Planned Unit Development Known as: 819 Via Lido Soud, City of Newport Beach, California Note No. 7: There are no conveyances affecting said land recorded within 24 months of the date of this report. CLTA Preliminary Report Form -Modified (11-17-06) Page 9 PA2019-015 File No: 218570822 Note No. 8: The Company requires current beneficiary demands prior to closing. If the demand is expired and a current demand cannot be obtained, our requirements will be as follows: (a) If this Company accepts a verbal update on the demand, we may hold an amount equal to one monthly mortgage payment. This hold will be in addition to the verbal hold the lender may have stipulated. (b) If this Company cannot obtain a verbal update on the demand, we will either pay off the expired demand, or wait for the amended demand, at our discretion. (c) All payoff figures are verified at closing. If the customer's last payment was made within 15 days of closing, our Payoff Department may hold one month's payment to insure check has cleared the bank (unless a copy of the cancelled check is provided, in which case there will be no hold). Note No. 9: Association Assessments are periodically due from holders of title to said Land to the Homeowner's Association and transfer fees may be due whenever there is a transfer of title of any of the units. In order to ascertain seller's/buyer's association assessments and transfer fee requirements prior to transfer of a unit, Escrow companies are requested to contact said Homeowner's Association. Note No. 10: The Company and its policy issuing agents are required by Federal law to collect additional information about certain transactions in specified geographic areas in accordance with the Bank Secrecy Act. If this transaction is required to be reported under a Geographic Targeting Order issued by FinCEN, the Company or its policy issuing agent must be supplied with a completed ALTA Information Collection Form ("ICF") prior to closing the transaction contemplated herein. Note No. 11: Due to the special requirements of SB 50 (California Public Resources Code Section 8560 et seq.), any transaction that includes the conveyance of title by an agency of the United States must be approved in advance by the Company's State Counsel, Regional Counsel, or one of their designees. Note No. 12: Pursuant to Government Code Section 27388.1, as amended and effective as of 1- 1-2018, a Documentary Transfer Tax {DTT) Affidavit may be required to be completed and submitted with each document when DTT is being paid or when an exemption is being claimed from paying the tax. If a governmental agency is a party to the document, the form will not be required. DTT Affidavits may be available at a Tax Assessor-County Clerk-Recorder. Processor: Aa Date Typed: December 6, 2018 CLTA Preliminary Report Form -Modified (11-17-06) Page 10 PA2019-015 Attachment One (Revised 05-06-16) CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY-1990 EXCLUSIONS FROM COVERAGE File No: 218570822 The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses which arise by reason of: 1. (a) Any law, ordinance or governmental regulation (including but not limited to building or zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any improvement now or hereafter erected on the land; (iii) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien, or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. (b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from coverage any taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without knowledge. 3. Defects, liens, encumbrances, adverse claims or other matters: (a) whether or not recorded in the public records at Date of Policy, but created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant prior to the date the insured claimant became an insured under this policy; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the insured mortgage or for the estate or interest insured by this policy. 4. Unenforceability of the lien of the insured mortgage because of the inability or failure of the insured at Date of Policy, or the inability or failure of any subsequent owner of the indebtedness, to comply with the applicable doing business laws of the state in which the land is situated. 5. Invalidity or unenforceability of the lien of the insured mortgage, or claim thereof, which arises out of the transaction evidenced by the insured mortgage and is based upon usury or any consumer credit protection or truth in lending law. 6. Any claim, which arises out of the transaction vesting in the insured the estate of interest insured by this policy or the transaction creating the interest of the insured lender, by reason of the operation of federal bankruptcy, state insolvency or similar creditors' rights laws. PA2019-015 File No: 218570822 EXCEPTIONS FROM COVERAGE • SCHEDULE B, PART I This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the public records. 2. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an inspection of the land or which may be asserted by persons in possession thereof. 3. Easements, liens or encumbrances, or claims thereof, not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b) or (c) are shown by the public records. 6. Any lien or right to a lien for services, labor or material not shown by the public records. CLTA HOMEOWNER'S POLICY OF TITLE INSURANCE (12-02-13) AL TA HOMEOWNER'S POLICY OF TITLE INSURANCE EXCLUSIONS In addition to the Exceptions in Schedule B, You are not insured against loss, costs, attorneys' fees, and expenses resulting from: 1. Governmental police power, and the existence or violation of those portions of any law or government regulation concerning: a. building; b. zoning; c. land use; d. improvements on the Land; e. land division; and f. environmental protection. This Exclusion does not limit the coverage described in Covered Risk 8.a., 14, 15, 16, 18, 19, 20, 23 or 27. 2. The failure of Your existing structures, or any part of them, to be constructed in accordance with applicable building codes. This Exclusion does not limit the coverage described in Covered Risk 14 or 15. 3. The right to take the Land by condemning it. This Exclusion does not limit the coverage described in Covered Risk 17. 4. Risks: a. that are created, allowed, or agreed to by You, whether or not they are recorded in the Public Records; b. that are Known to You at the Policy Date, but not to Us, unless they are recorded in the Public Records at the Policy Date; c. that result in no loss to You; or d. that first occur after the Policy Date -this does not limit the coverage described in Covered Risk 7, 8.e., 25, 26, 27 or 28. 5. Failure to pay value for Your Title. 6. Lack of a right: PA2019-015 File No: 218570822 a. to any land outside the area specifically described and referred to in paragraph 3 of Schedule A; and b. in streets, alleys, or waterways that touch the Land. This Exclusion does not limit the coverage described in Covered Risk 11 or 21. 7. The transfer of the Title to You is invalid as a preferential transfer or as a fraudulent transfer or conveyance under federal bankruptcy, state insolvency, or similar creditors' rights laws. 8. Contamination, explosion, fire, flooding, vibration, fracturing, earthquake, or subsidence. 9. Negligence by a person or an Entity exercising a right to extract or develop minerals, water, or any other substances. LIMITATIONS ON COVERED RISKS Your insurance for the following Covered Risks is limited on the Owner's Coverage Statement as follows: • For Covered Risk 16, 18, 19, and 21 Your Deductible Amount and Our Maximum Dollar Limit of Liability shown in Schedule A. The deductible amounts and maximum dollar limits shown on Schedule A are as follows: Covered Risk 16: Covered Risk 18: Covered Risk 19: Covered Risk 21: Your Deductible Amount 1.00% of Policy Amount Shown in Schedule A or $2,500.00 (whichever is less) 1.00% of Policy Amount Shown in Schedule A or $5,000.00 (whichever is less) 1.00% of Policy Amount Shown in Schedule A or $5,000.00 (whichever is less) 1.00% of Policy Amount Shown in Schedule A or $2,500.00 (whichever is less) 2006 ALTA LOAN POLICY (06-17-06) EXCLUSIONS FROM COVERAGE Our Maximum Dollar Limit of Liability $10,000.00 $25,000.00 $25,000.00 $5,000.00 The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions, or location of any improvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1 (a) does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed, or agreed to by the Insured Claimant; PA2019-015 File No: 218570822 (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 11, 13 or 14); or (e) resulting in loss or damage that 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 an Insured to comply with applicable doing-business laws of the state where the Land is situated. 5. Invalidity or unenforceability in whole or in part of the lien of the Insured Mortgage that 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, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction creating the lien of the Insured Mortgage, is (a) a fraudulent conveyance or fraudulent transfer, or (b) a preferential transfer for any reason not stated in Covered Risk 13(b) of this policy. 7. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the Insured Mortgage in the Public Records. This Exclusion· does not modify or limit the coverage provided under Covered Risk 11 (b). The above policy form 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 Exceptions from Coverage: EXCEPTIONS FROM COVERAGE [Except as provided in Schedule B -Part II,[ t[or T]his policy does not insure against loss or damage, and the Company will not pay costs, attorneys' fees or expenses, that arise by reason of: [PARTI [The above policy form 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 Exceptions from Coverage: 1. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2. Any facts, rights, interests, or claims that are not shown by the Public Records but that could be ascertained by an inspection of the Land or that may be asserted by persons in possession of the Land. 3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records. 4. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and not shown by the Public Records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. 6. Any lien or right to a lien for services, labor or material not shown by the Public Records. ] PARTII PA2019-015 File No: 218570822 In addition to the matters set forth in Part I of this Schedule, the Title is subject to the following matters, and the Company insures against loss or damage sustained in the event that they are not subordinate to the lien of the Insured Mortgage:] 2006 ALTA OWNER'S POLICY (06-17-06) EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions, or location of any improvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1 (a) does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power. This Exclusion 1 (b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 9 and 10); or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction vesting the Title as shown in Schedule A, is (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5. Any Uen on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. The above policy form 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 Exceptions from Coverage: EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage, and the Company will not pay costs, attorneys' fees or expenses, that arise by reason of: [The above policy form 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 Exceptions from Coverage: PA2019-015 File No: 218570822 1. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2. Any facts, rights, interests, or claims that are not shown in the Public Records but that could be ascertained by an inspection of the Land or that may be asserted by persons in possession of the Land. 3. Easements, liens or encumbrances, or claims thereof, not shown by the Public Records. 4. Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land and that are not shown by the Public Records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) are shown by the Public Records. 6. Any lien or right to a lien for services, labor or material not shown by the Public Records. ] 7. [Variable exceptions such as taxes, easements, CC&R's, etc. shown here.] ALTA EXPANDED COVERAGE RESIDENTIAL LOAN POLICY -ASSESSMENTS PRIORITY (04-02-15) 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, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions, or location of any improvement erected on the Land; (iii) the subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1 (a) does not modify or limit the coverage provided under Covered Risk 5, 6, 13(c), 13(d), 14 or 16. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 5, 6, 13(c), 13(d), 14 or 16. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 11, 16, 17, 18, 19, 20, 21, 22, 23, 24, 27 or 28); or (e) resulting in loss or damage that 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 an Insured to comply with applicable doing-business laws of the state where the Land is situated. 5. Invalidity or unenforceability in whole or in part of the lien of the Insured Mortgage that arises out of the transaction PA2019-015 File No: 218570822 evidenced by the Insured Mortgage and is based upon usury, or any consumer credit protection or truth-in~lending law. This Exclusion does not modify or limit the coverage provided in Covered Risk 26. 6. Any claim of invalidity, unenforceability or lack of priority of the lien of the Insured Mortgage as to Advances or modifications made after the Insured has Knowledge that the vestee shown in Schedule A is no longer the owner of the estate or interest covered by this policy. This Exclusion does not modify or limit the coverage provided in Covered Risk 11. 7. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching subsequent to Date of Policy. This Exclusion does not modify or limit the coverage provided in Covered Risk 11(b) or 25. 8. The failure of the residential structure, or any portion of it, to have been constructed before, on or after Date of Policy in accordance with applicable building codes. This Exclusion does not modify or limit the coverage provided in Covered Risk 5 or6. 9. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction creating the lien of the Insured Mortgage, is (a) a fraudulent conveyance or fraudulent transfer, or (b) a preferential transfer for any reason not stated in Covered Risk 27(b) of this policy. 10. Contamination, explosion, fire, flooding, vibration, fracturing, earthquake, or subsidence. 11. Negligence by a person or an Entity exercising a right to extract or develop minerals, water, or any other substances. PA2019-015 f.S La~rs Title· File No: 218570822 Lawyers Title Company 16755 Von Karman Avenue Suite 100 Irvine, CA 92606 Phone: (949) 223-5575 Fax: ( ) Order No. 218570822 Notice of Available Discounts Pursuant to Section 2355.3 in Title 10 of the California Code of Regulations Fidelity National Financial, Inc. and its subsidiaries ("FNF") must deliver a notice of each discount available under our current rate filing along with the delivery of escrow instructions, a preliminary report or commitment. Please be aware that the provision of this notice does not constitute a waiver of the consumer's right to be charged the filed rate. As such, your transaction may not qualify for the below discounts. You are encouraged to discuss the applicability of one or more of the below discounts with a Company representative. These discounts are generally described below; consult the rate manual for a full description of the terms, conditions and requirements for such discount. These discounts only apply to transactions involving services rendered by the FNF Family of Companies. This notice only applies to transactions involving property improved with a one-to-four family residential dwelling. FNF Underwritten Title Company L TC -Lawyers Title Company Available Discounts DISASTER LOANS (CL TIC) FN F Underwriter CL TIC -Commonwealth Land Title Insurance Co. The charge for a Lender's Policy (Standard or Extended coverage) covering the financing or refinancing by an owner of record, within 24 months of the date of a declaration of a disaster area by the government of the United States or the State of California on any land located in said area, which was partially or totally destroyed in the disaster, will be 50% of the appropriate title insurance rate. EMPLOYEE RATE (LTC and CLTIC) No charge shall be made to employees (including employees on approved retirement) of the Company or its underwritten, subsidiary or affiliated title companies for policies or escrow services in connection with financing, refinancing, sale or purchase of the employees' bona fide home property. Waiver of such charges is authorized only in connection with those costs which the employee would be obligated to pay, by established custom, as a party to the transaction. Notice of Available Discount Mod. 10/21/2011 CLTA Preliminary Report Form -Modified (11-17-06) Page 3 PA2019-015 File No: 218570822 Wire Fraud Alert This Notice is not intended to provide legal or professional advice. If you have any questions, please consult with a lawyer. All parties to a real estate transaction are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email, without further verification. If funds are to be wired in conjunction with this real estate transaction, we strongly recommend verbal verification of wire instructions through a known, trusted phone number prior to sending funds. In addition, the following non-exclusive self-protection strategies are recommended to minimize exposure to possible wire fraud. • NEVER RELY on emails purporting to change wire instructions. Parties to a transaction rarely change wire instructions in the course of a transaction. • ALWAYS VERIFY wire instructions, specifically the ABA routing number and account number, by calling the party who sent the instructions to you. DO NOT use the phone number provided in the email containing the instructions, use phone numbers you have called before or can otherwise verify. Obtain the phone number of relevant parties to the transaction as soon as an escrow account is opened. DO NOT send an email to verify as the email address may be incorrect or the email may be intercepted by the fraudster. • USE COMPLEX EMAIL PASSWORDS that employ a combination of mixed case, numbers, and symbols. Make your passwords greater than eight (8) characters. Also, change your password often and do NOT reuse the same password for other online accounts. • USE MUL Tl-FACTOR AUTHENTICATION for email accounts. Your email provider or IT staff may have specific instructions on how to implement this feature. For more information on wire-fraud scams or to report an incident, please refer to the following links: Federal Bureau of Investigation: Internet Crime Complaint Center: http ://www.fbi.gov http ://www.ic3.gov PA2019-015 FIDELITY NATIONAL FINANCIAL PRIVACY NOTICE Fidelity National Financial, Inc. and its majority-owned subsidiary companies (collectively, "FNF," "our," or "we") respect and are committed to protecting your privacy. This Privacy Notice explains how we collect, use, and protect personal information, when and to whom we disclose such information, and the choices you have about the use and disclosure of that information. Types of Information Collected We may collect two types of information from you: Personal Information and Browsing Information. Personal Information. FNF may collect the following categories of Personal Information: • contact information (e.g., name, address, phone number, email address); • demographic information (e.g., date of birth, gender, marital status); • identity information (e.g. Social Security Number, driver's license, passport, or other government ID number); • financial account information (e.g. loan or bank account information); and • other personal information necessary to provide products or services to you. Browsing Information. FNF may automatically collect the following types of Browsing Information when you access an FNF website, online service, or application (each an "FNF Website") from your Internet browser, computer, and/or mobile device: • Internet Protocol {IP) address and operating system; • browser version, language, and type; • domain name system requests; and • browsing history on the FNF Website, such as date and time of your visit to the FNF Website and visits to the pages within the FNF Website. How Personal Information is Collected We may collect Personal Information about you from: • information we receive from you on applications or other forms; • information about your transactions with FNF, our affiliates, or others; and • information we receive from consumer reporting agencies and/or governmental entities, either directly from these entities or through others. How Browsing Information is Collected If you visit or use an FNF Website, Browsing Information may be collected during your visit. Like most websites, our servers automatically log each visitor to the FNF Website and may collect the Browsing Information described above. We use Browsing Information for system administration, troubleshooting, fraud investigation, and to improve our websites. Browsing Information generally does not reveal anything personal about you, though if you have created a user account for an FNF Website and are logged into that account, the FNF Website may be able to link certain browsing activity to your user account. Other Online Specifics Cookies. When you visit an FNF Website, a "cookie" may be sent to your computer. A cookie is a small piece of data that is sent to your Internet browser from a web server and stored on your computer's hard drive. Information gathered using cookies helps us improve your user experience. For example, a cookie can help the website load properly or can customize the display page based on your browser type and user preferences. You can choose whether or not to accept cookies by changing your Internet browser settings. Be aware that doing so may impair or limit some functionality of the FNF Website. Web Beacons. We use web beacons to determine when and how many times a page has been viewed. This information is used to improve our websites. Do Not Track. Currently our FNF Websites do not respond to "Do Not Track" features enabled through your browser. Revised May 1, 2018 Copyright © 2018. Fidelity National Financial, Inc. All Rights Reserved PA2019-015 Links to Other Sites, FNF Websites may contain links to other websites. FNF is not responsible for the privacy practices or the content of any of those other websites. We advise you to read the privacy policy of every website you visit. use or Personal Information FNF uses Personal Information for three main purposes: • To provide products and services to you or in connection with a transaction involving you. • To improve our products and services. • To communicate with you about our, our affiliates', and third parties' products and services, jointly or independently. When Information Is Disclosed We may make disclosures of your Personal Information and Browsing Information in the following circumstances: • to enable us to detect or prevent criminal activity, fraud, material misrepresentation, or nondisclosure; • to nonaffiliated service providers who provide or perform services or functions on our behalf and who agree to use the information only to provide such services or functions; • to nonaffiliated third party service providers with whom we perform joint marketing, pursuant to an agreement with them to jointly market financial products or services to you; • to law enforcement or authorities in connection with an investigation, or in response to a subpoena or court order; or • in the good-faith belief that such disclosure is necessary to comply with legal process or applicable laws, or to protect the rights, property, or safety of FNF, its customers, or the public. The law does not require your prior authorization and does not allow you to restrict the disclosures described above. Additionally, we may disclose your information to third parties for whom you have given us authorization or consent to make such disclosure. We do not otherwise share your Personal Information or Browsing Information with nonaffiliated third parties, except as required or permitted by law. We reserve the right to transfer your Personal Information, Browsing Information, and any other information, in connection with the sale or other disposition of all or part of the FNF business and/or assets, or in the event of bankruptcy, reorganization, insolvency, receivership, or an assignment for the benefit of creditors. By submitting Personal Information and/or Browsing Information to FNF, you expressly agree and consent to the use and/or transfer of the foregoing information in connection with any of the above described proceedings. Please see "Choices With Your Information" to learn the disclosures you can restrict. Security of Your Information We maintain physical, electronic, and procedural safeguards to guard your Personal Information. We limit access to nonpublic personal information about you to employees who need to know that information to do their job. When we provide Personal Information to others as discussed in this Privacy Notice, we expect that they process such .information in compliance with our Privacy Notice and in compliance with applicable privacy laws. Choices With Your Information If you do not want FNF to share your information with our affiliates to directly market to you, you may send an "opt out" request by email, phone, or physical mail as directed at the end of this Privacy Notice. We do not share your Personal Information with nonaffiliates for their use to direct market to you. Whether you submit Personal Information or Browsing Information to FNF is entirely up to you. If you decide not to submit Personal Information or Browsing Information, FNF may not be able to provide certain services or products to you. For California Residents: We will not share your Personal Information or Browsing Information with nonaffiliated third parties, except as permitted by California law. Revised May 1, 2018 Copyright© 2018. Fidelity National Financial, Inc. All Rights Reserved PA2019-015 For Nevada Residents: You may be placed on our internal Do Not Call List by calling (888) 934-3354 or by contacting us via the information set forth at the end of this Privacy Notice. Nevada law requires that we also provide you with the following contact information: Bureau of Consumer Protection, Office of the Nevada Attorney General, 555 E. Washington St., Suite 3900, Las Vegas, NV 89101; Phone number: (702) 486-3132; email: BCPINFO@ag.state.nv.us. For Oregon Residents: We will not share your Personal Information or Browsing Information with nonaffiliated third parties for marketing purposes, except after you have been informed by us of such sharing and had an opportunity to indicate that you do not want a disclosure made for marketing purposes. For Vermont Residents: We will not disclose information about your creditworthiness to our affiliates and will not disclose your personal information, financial information, credit report, or health information to nonaffiliated third parties to market to you, other than as permitted by Vermont law, unless you authorize us to make those disclosures. Information From Children The FNF Websites are meant for adults and are not intended or designed to attract persons under the age of eighteen (18). We do not collect Personal Information from any person that we know to be under the age of thirteen (13) without permission from a parent or guardian. International Users FNF's headquarters is located within the United States. If you reside outside the United States and choose to provide Personal Information or Browsing Information to us, please note that we may transfer that information outside of your country of residence for any of the purposes described in this Privacy Notice. By providing FNF with your Personal Information and/or Browsing Information, you consent to our collection, transfer, and use of such information in accordance with this Privacy Notice. FNF Website Services for Mortgage Loans Certain FNF companies provide services to mortgage loan servicers, including hosting websites that collect customer information on behalf of mortgage loan servicers (the "Service Websites"). The Service Websites may contain links to both this Privacy Notice and the mortgage loan servicer or lender's privacy notice. The sections of this Privacy Notice titled When Information is Disclosed, Choices with Your Information, and Accessing and Correcting Information do not apply to the Service Websites. The mortgage loan servicer or lender's privacy notice governs use, disclosure, and access to your Personal Information. FNF does not share Personal Information collected through the Service Websites, except (1) as required or authorized by contract with the mortgage loan servicer or lender, or (2) as required by law or in the good-faith belief that such disclosure is necessary to comply with a legal process or applicable law, to enforce this Privacy Notice, or to protect the rights, property, or safety of FNF or the public. Your Consent To This Privacy Notice; Notice Changes By submitting Personal Information and/or Browsing Information to FNF, you consent to the collection and use of the information in accordance with this Privacy Notice. We may change this Privacy Notice at any time. The revised Privacy Notice, showing the new revision date, will be posted on the FNF Website. Each time you provide information to us following any amendment of this Privacy Notice, your provision of information to us will signify your assent to and acceptance of the terms of the revised Privacy Notice for all previously collected information and information collected from you in the future. We may use comments, information or feedback that you submit to us in any manner that we may choose without notice or compensation to you. Accessing and Correcting Information; Contact Us If you have questions, would like to access or correct your Personal Information, or want to opt-out of information sharing for affiliate marketing, send your requests via email to privacy@fnf.com, by phone to (888) 934-3354, or by mail to: Revised May 1, 2018 Fidelity National Financial, Inc. 601 Riverside Avenue, Jacksonville, Florida 32204 Attn: Chief Privacy Officer Copyright © 2018. Fidelity National Financial, Inc. All Rights Reserved PA2019-015 ~I D l , .. e ® ® l R I J I~ I I i'i ·"' ®/ J© .,-: , .... i:-: .it J • l 1el!1 I Tl~e 111ept)l41t IS being ~..-olfl!Ec on"" <'id In ~no U-.;, Plerein de~iti€o:l 1,;,-.;J"' r.•'8t,::o, oc, ,9{1j:inl!)g weets. r.et,~sl oc,unrJsroet and otJ·.i,-19"'1:J • .sod ,~ rlCl1 s 8;Jn,ey ol 1h11 land dt,p¥.w:f E,,cept toe,., ;,o:11101 11 pdiey <JI iillo i11su1l!n:>! is u•q:nit!ly m;.;J1'ioii i,,, er,d-.. ~ atrr. the, Ctmi:<,r:i due(I il11t i;,,.,.re airnenr.ilra, lliw.i•r..e "«"lion of easoml!l!l5, •c""'QII or cd-.er mailers shown theieo~. o,aer: 21 OS?ill!-22 Jl,;,c· 4:n,.27 PAAP AS!.,oS-5QR Pa~• I r:i 1 Reijui,!li<>~ Ov. NeiMa, 1PXML Login , Pnllli!d. !>•ttll20 !.O 3 04 Ml