QUITCLAIM OF EASEMENT DEED RIW No APN: , 19,

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1 Recording Requested By: City of Los Angeles When recorded mail To: East LA Community Corporation C/O Ernesto Espinoza 530 S. Boyle Avenue Los Angeles, CA ABOVE THIS LINE IS FOR RECORDERS USE, _ Doc. Transfer Tax $ 0.00 This is a conveyance of an easement and the consideration and value is less than $100.00, R & T Department of Public Works, Bureau of Engineering QUITCLAIM OF EASEMENT DEED RIW No APN: , 19, For a valuable consideration the receipt of which is hereby acknowledged, The CITY OF LOS ANGELES, municipal corporation, does hereby remise, release and forever quitclaim to: a East LA Community Corporation, a California Nonprofit Public Benefit Corporation, its successors and assigns That certain easement in the City of Los Angeles, County of Los Angeles, State of California, more particularly described as: SEE ATTACHED "LEGAL DESCRIPTION" This deed is made in accordance with provisions of Ordinance No, ofthe City of Los Angeles, IN WITNESS WHEREOF, City of Los Angeles, Municipal Corporation, by its City Council, has caused this Quitclaim Deed to be executed on its behalf, by its Mayor, and its corporate seal to be thereto affixed by its City Clerk, This (?Ah day of N~~,20 I~ Attest: ----t---thlra---'a , f4l- City Clerk THE CITY OF LOS ANGELES 0[,; By: _-,:U:=::::::::z/7,-:<==./fi/=' ~, Mayor

2 The City of Los Angeles TO East LA Community Corporation, a California Nonprofit Public Benefit Corporation, its successors and assigns JOB TITLE: Huntington Drive North Northeasterly of Poplar Bonlevard - QC of Sanitary Sewer Easement Approved as to Authority ~1.' QUITCLAIM DEED Executed in Accordance with Ordinance No LEG L DESCRIPTION Prepared by: Brooks and Associates By: Richard J. Brooks License No Division:~~~====~=====~..~.~. '~'~"".-'~ Platted: By: C.M. STATE OF CALIFORNIA J SS COUNTY OF LOS ANGELES J C.M.========. Iverifythat the attachedplatdepictsthe alignmentand or configuration requested for this project... 1./~.7. 20~ BUREAU OF ENGINEERING D.J Vi-- By:. Approved....();:~B..b...>C...~1...,20Jl_ By:.r;;~~:p?1jz~~.e. Deputy COUNCIL FILE NO On f'joi/<'l'i\loer 1<';>,,j..,(;, before me, j\i(~l\.iy lv/or,cles;, a notary public personally appeared, Ef'; c. 0;tt r (et"l'i ) {v\ c< Y "r-, who proved to me on the basis of satisfactory evidence to be the person~fwhose namess) is/are subscribed to the within instrument and acknowledged to me that he/%e/th y executed the same in his/her/thetr authorized capacitytjes), and that by his/her/their signaturejs) on the instrument the personis); or the entity upon behalf of which the person/fl acted, executed the instrument. I certify under PENALTY OF PERJURY uuder the laws of the State of California that the foregoing Paragraph is true and correct. MANDY M.ORALES -,;""".. Commission # WITNESS my hand and official seal. ~ i~""'~. Notary Public California i z.<', Los Angele. County!: J, 0 J $ $ oml SOT'll' ;xglrgst%sj }t1al THIS AREA FOR OFFICIAL NOTARIAL SEAL

3 HOLLY L. WOLCOTT Interim City Clerk When making inquiries relative to this matter, please refer to the Council file No (File Transmitted) CITY OF LOS ANGELES CALIFORNIA ERIC GARCETTI MAYOR Office of the CITY CLERK Council and Public Services Room 395, City Hal! Los Angeles, CA General Information (213) Fax: (213) SHANNON HOPPES Council and Public Services Division October 25, 2013 The Honorable Eric Garcetti, Mayor Room 303, City Hall QUITCLAIM DEED - Quitclaim of Sanitary Sewer Easement for Huntington Drive North northeasterly of Poplar Boulevard (Right of Way No ; APN: ,19,20, ) Dear Mayor Garcetti: The attached quitclaim of a sanitary sewer easement for Huntington Drive North northeasterly of Poplar Boulevard, is transmitted in duplicate for execution. Authorization for this action was adopted by Council at its meeting held February 5, 2013 under Ordinance No Please return these items at your earliest convenience after execution, to the Public Works and Gang Reduction Committee, in care of the Office of the City Clerk, Room 395, City Hall. Attachments An Equal Employment Opportunity - Affirmative Action Employer

4 D.M. _145-~A237 T.G. 595_G5 _ CD " INDEX MAP 496_ DEPARTMENT OF PUBLIC WORKS GARY LEE MOORE, P.E. CITY ENGINEER EXHIBIT "A"

5 BROOKS AND ASSOCIATES SURVEYORS 3300 LEWIS AVENUE SIGNAL HILL. CA LEGAL DESCRIPTION THOSE PORTIONS OF A TWELVE FOOT WIDE PERPETUAL EASEMENT AND RIGHT.OF WAY FOR SANITARY SEWER AND APPURTENANT PURPOSES MORE PARTICULARLY DESCRIBED IN THE CITY OF LOS ANGELES ORDINANCE NO APPROVED BY THE COUNCIL OF THE CITY OF LOS ANGELES ON SEPTEMBER 20, 1920 AND SHOWN AS AN UNNAMED ALLEY, NORTHWESTERLY OF HUNTINGTON DRIVE NORTH, ON MAP OF TRACT NO AS PER MAP RECORDED IN BOOK 38, PAGES 24 AND 25 OF MAPS, RECORDS OF LOS ANGELES COUNTY, SAID ALLEY HAVING BEEN CLOSED, VACATED AND ABANDONED BY THE CITY OF LOS ANGELES ORDINANCE NO ADOPTED BY THE COUNCIL OF THE CITY OF LOS ANGELES ON JANUARY 27, 1921 TO WIT: THOSE PORTIONS OF LOTS 12, 13, 14 AND 32, ONLY, AS SAID LOTS ARE SHOWN ON MAP OF TRACT NO AS PER MAP RECORDED IN BOOK 44 PAGE 22 OF MAPS, RECORDS OF LOS ANGELES COUNTY, SAID MAP BEING A RESUBDIVIDION OF THE ABOVE SAID TRACT NO. 3386, SAID PORTIONS BEING DESCRIBED AS FOLLOWS: THE SOUTHEASTERLY SIX FEET OF THE SAID LOT NO. 12; THE SOUTHEASTERLY SIX FEET OF THE SAID LOT NO. 13; THE SOUTHEASTERLY SIX FEET OF THE SAID LOT NO. 14; THE NORTHWESTERLY SIX FEET OF THE SAID LOT NO. 32; THE ABOVE SAID PORTIONS OF LOTS 12, 13, 14 AND 32 TO BE HEREBY QUITCLAIMED BY DEED FROM THE CITY OF LOS ANGELES TO THE CURRENT OWNER OF SAID LOTS AS STATED IN THE CITY OF LOS ANGELES ORDINANCE NO APPROVED BY THE COUNCIL OF THE CITY OF LOS ANGELES ON FEBRUARY 14, 2013, THE CURRENT OWNER BEING EAST L.A. COMMUNITY CORPORATION, ITS SUCCESSORS AND/OR ASSIGNS. REFERENCE IS MADE TO SAID ORDINANCE NO FOR FULL PARTICULARS. SEE DEPARTMENT OF PUBLIC WORKS EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. &- t:lti P.L.S. 5052

6 ,BROOKS AND SURVEYORS ASSOCIATES 3300 LEWIS AVENUE SIGNAL HILL, CA LEGAL DESCRIPTION THOSE PORTIONS OF A TWELVE FOOT WIDE PERPETUAL EASEMENT AND RIGHT.OF WAY FOR SANITARY SEWER AND APPURTENANT PURPOSES MORE PARTICULARLY DESCRIBED IN THE CITY OF LOS ANGELES ORDINANCE NO APPROVED' BY THE COUNCIL OF THE CITY OF LOS ANGELES ON SEPTEMBER 20, 1920 AND SHOWN AS AN UNNAMED ALLEY, NORTHWESTERLY OF HUNTINGTON DRIVE NORTH, ON MAP OF TRACT NO AS PER MAP RECORDED IN BOOK 38, PAGES 24 AND 25 OF MAPS, RECORDS OF LOS ANGELES COUNTY, SAID ALLEY HAVING BEEN CLOSED, VACATED AND ABANDONED BY THE CITY OF LOS ANGELES ORDINANCE NO ADOPTED BY THE COUNCIL OF THE CITY OF LOS ANGELES ON JANUARY 27, 1921 TO WIT; THOSE PORTIONS OF LOTS 12, 13, 14 AND 32, ONLY',AS SAID LOTS ARE SHOWN ON MAP OF TRACT NO AS PER MAP RECORDED IN BOOK 44 PAGE 22 OF MAPS, RECORDS OF LOS ANGELES COUNTY, SAID MAP BEING A RESUBDIVIDION OF THE ABOVE SAID TRACT NO. 3386, SAID PORTIONS BEING DESCRIBED AS FOLLOWS: THE SOUTHEASTERLY SIX FEET OF THE SAID LOT NO. 12; THE SOUTHEASTERLY SIX FEET OF THE SAID LOT NO. 13; THE SOUTHEASTERLY SIX FEET OF THE SAID LOT NO. 14; THE NORTHWESTERLY SIX FEET OF THE SAID LOT NO. 32; THE ABOVE SAID PORTIONS OF LOTS 12, 13, 14 AND 32 TO BE HEREBY QUITCLAIMED BY DEED FROM THE CITY OF LOS ANGELES TO THE CURRENT OWNER OF SAID LOTS AS STATED IN THE CITY OF LOS ANGELES ORDINANCE NO APPROVED BY THE COUNCIL OF THE CITY OF LOS ANGELES ON FEBRUARY 14, 2013, THE CURRENT OWNER BEING EAST L.A. COMMUNITY CORPORATION, ITS SUCCESSORS AND/OR ASSIGNS. REFERENCE IS MADE TO SAID ORDINANCE NO FOR FULL PARTICULARS. SEE DEPARTMENT OF PUBLIC WORKS EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. P.L.S. 5052

7 f.~ ~~WY~I JltJ~ ~ 1M IN&URANCE CORPORATION Lawyers Title 801 S. Figueroa Street Suite 870 Los Angeles, CA Phone: (213) East LA Community Corporation 530 South Boyle Ave Los Angeles, CA Attn: Daniel Huynh Our File No: Senior Commercial Title Officer: Diane Greer (dgreer@.ltic.com) Phone: (213) Fax: (213) Your Reference No: Property Address: Vacant Land, Los Angeles, California PRELIMINARY REPORT (V3) Dated as of November 6, 2009 at 7:30 a.m. In response to the above referenced application for a policy of title insurance, 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 below or not excluded from coverage pursuant to the printed Schedules, Conditions and Stipulations of said policy forms. The printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said Policy or Policies are set forth in Exhibit B attached. The policy to be issued may contain an arbitration clause. When the Amount of Insurance is less than that set forth in the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitations on Covered Risks applicable to the CLTA and ALTA Homeowner's Policies of Title Insurance which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth in Exhibit B. Copies of the Policy forms should be read. They are available from the office which issued this report. Please read the exceptions shown or referred to below and the exceptions and exclusions set forth in Exhibit B of this report carefully. The exceptions and exclusions are meant to provide you with notice of matters which are not covered under the terms of the title insurance policy and should be carefully considered. It is important to note that this preliminary report is not a written representation as to the condition of title and may not list all liens, defects, and encumbrances affecting title to the land. This report (and any supplements or amendments hereto) is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title insurance, a Binder or Commitment should be requested. CLTA Preliminary Report (Revised ). Page 1.

8 File No: SCHEDULE A The form of policy of title insurance contemplated by this report is: CLTA Standard Owners ALTA Loan 2006 Policy ( ) The estate or interest in the land hereinafter described or referred to covered by this report is: A FEE Title to said estate or interest at the date hereof is vested in: East LA Community Corporation, a California nonprofit public benefit corporation The land referred to herein is situated in the County of Los Angeles, State of California, and is described as follows: SEE EXHIBIT "A" ATTACHED HERETO AND MADE. A PART HEREOF Page 2

9 File No: EXHIBIT "A" All that certain real property situated in the County of Los Angeles, State of California, described as follows: Lots 32, 14, 13 and 12 of Tract No. 3898, in the City of Los Angeles, County of Los Angeles, State of California, as per map recorded in Book 44, Page 22 of Maps, in the Office of the County Recorder of said County. Assessor's Parcel Number: ; ; ; Page 3

10 File No: SCHEDULE B - Section A The following exceptions will appear in policies when providing standard coverage as outlined below: 1. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2. Any facts, rights, interests or claims that are not shown by the Public Records but that.could be ascertained by an inspection of the Land or that may 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. Page 4

11 File No: SCHEDULE B - Section B At the date hereof Exceptions to coverage in addition to the printed exceptions and exclusions in said policy form would be as follows: A. Intentionally deleted. B. Property taxes, including general and special taxes, personal property taxes, if any, and any assessments collected with taxes, for the fiscal year st Installment: Penalty: 2nd Installment: Penalty (including cost): Land Value Improvement Value: Exemption: Code Area: Assessment No.: $1, This amount is valid until December 10, after which penalties apply $ Due with installment amount if paid after December 10 $1, This amount is valid until April 10, after which penalties apply $ Due with installment amount if paid after April 10 $175, $none $none Affects a portion of the land described herein and no other land. C. Property taxes, including general and special taxes, personal property taxes, if any, and any assessments collected with taxes, for the fiscal year st Installment: Penalty: 2nd Installment: Penalty (including cost): Land Value Improvement Value: Exemption: Code Area: Assessment No.: $1, This amount is valid until December 10, after which penalties apply $ Due with installment amount if paid after December 10 $1, This amount is valid until April 10, after which penalties apply $ Due with installment amount if paid after April 10 $175, $none $none Affects a portion of the land described herein and no other land. Page 5

12 File No: D. Property taxes, including general and special taxes, personal property taxes, if any, and any assessments collected with taxes, for the fiscal year st Installment: Penalty: 2nd Installment: Penalty (including cost): Land Value Improvement Value: Exemption: Code Area: Assessment No.: $1, This amount is valid until December 10, after which penalties apply $ Due with installment amount if paid after December 10 $1, This amount is valid until April 10, after which penalties apply $ Due with installment amount if paid after April 10 $175, $none $none Affects a portion of the land described herein and no other land. E. Property taxes, including general and special taxes, personal property taxes, if any, and any assessments collected with taxes, for the fiscal year st Installment: Penalty: 2nd Installment: Penalty (including cost): Land Value Improvement Value: 'Exemption: Code Area: Assessment No.: $1, This amount is valid until December 10, after which penalties apply $ Due with installment amount if paid after December 10 $1, This amount is valid until April 10, after which penalties apply $ Due with installment amount if paid after April 10 $175, $none $none Affects a portion of the land described herein and no other land. F. Supplemental or escaped assessments of property taxes, if any, assessed pursuant to the Revenue and Taxation Code of the State of California. 1. Water rights, claims or title to water, whether or not shown by the public records. 2. An easement over the Southeasterly 6 feet, more or less, of said land, being the portion of said Lot included in the alley (now vacated) shown on map of Tract No. 3386, recorded in Book 38, Pages 24 and 25 of Maps, for sewers and incidental purposes, as reserved by The City of Los Angeles, by ordinance Nos , New Series, and 41348, New Series. 3. Covenants, conditions and restrictions as set forth in the document Recorded: In Book 5610, Page 46, Official Records This exception omits any covenant, condition or restriction based on race, color, religion, sex, handicap, familial status or national origin, unless and Only to the extent that the covenant, condition or restriction (a) is not in violation of state or federal law, (b) is exempt under 42 U.S.c. Section 3607 or (c) relates to a handicap but does not discriminate against handicapped people. Page 6

13 File No: 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. 4. A document subject to all the terms, provisions and conditions therein contained. Entitled: An Agreement Containing Covenants Affecting Real Property Dated: April 21, 2008 Executed by: the Community Redevelopment Agency of the City of Los Angeles, -a public body, corporate and politic and East LA Community Corporation, a California nonprofit corporation Recorded: May 7, 2008 as Instrument No of Official Records Among other things, said document provides for: Owner has acquired the real property located at 5331 East Huntington Drive North, Los Angeles, California for the development of twenty-five (25) units, of which twenty-four (24) shall be rented to Extremely Low, Very-Low and Low-Income Households, as defined. This Covenant Agreement shall commence upon execution and shall remain in full force and effect for fifty-five (55) years from the date of execution of issuance of a Certificate of Occupancy for the entire Project, regardless of any expiration of the term of any CRA/LA Loan, any payment or prepayment of any CRA/LALoan, any assignment of a Note, any reconveyance of a Deed of Trust, or any sale, assignment, transfer, or conveyance of the property, unless terminated earlier by the CRA/LA in writing or extended by the mutual consent of the parties. See document for full particulars. But omitting any covenant or restriction based on race, color, religion, sex, handicap, familial status or national origin, unless and only to the extent said covenant (a) is exempt under Title 42, Section 3607 of the United States Code or (b) relates to a handicap but does not discriminate against handicapped persons. NOTE: Section of the Government Code provides the following: If this document contains any restriction based on race, color, religion, sex, familial status, marital status, disability, national origin, or ancestry, that restriction violates state and federal fair housing laws and is void, and may be removed pursuant to Section of the Government Code. Lawful restrictions under state and federal law on the age of occupants in senior housing or housing for older persons shall not be construed as restrictions based on familial status. Reference is made to said document for full particulars. 5. A deed of trust to secure an indebtedness in the amount shown below, and any other obligations secured thereby. Amount: $1,550, Dated: April 21, 2008 Trustor: East LA Community Corporation, a California non-profit corporation Trustee: Beneficiary: Commonwealth Title, a California Corp. Community Redevelopment Agency of the City of Los Angeles, a public body, corporate and politic Recorded: May 8, 2008, as Instrument No , Official Records Loan No.: Page 7

14 File No: A document subject to all the terms, Provisions and conditions therein contained. Entitled: Notice of Affordability Restrictions on Transfer of Property (California Health and Safety Code Section ) Executed by: East LA Community Corporation, a California nonprofit corporation, and the Community Redevelopment Agency of the City of Los Angeles, a public body, corporate and politic Recorded: May 7,2008, as Instrument No , Official Records Among other things, said document provides for: The purpose of the Covenant Agreement is to regulate and restrict the occupancy, rents, operation, ownership and management of the property. The covenants in the Covenant Agreement are intended to run with the land and be binding on Owner and Owner's successors for the full term of the Covenant Agreement and shall expire fifty-five (55) years from the date of first occupancy after completion of the CRA/LA-assisted housing development, but in no event earlier than January 17, Reference is made to said document for full particulars. 7. A covenant and agreement Executed by: East LA Community Corporation In favor of: City of Los Angeles Recorded: October 23, 2008, as Instrument No , Official Records Reference is made to said document for full particulars. 8. Intentionally deleted. 9. Any rights, interests or claims of the parties in possession of said land, including but not limited to those based on an unrecorded agreement, contract or lease. This Company will require that a full copy of any unrecorded agreement, contract or lease be submitted to us, together with all supplements, assignments and amendments, before any policy of title insurance will be issued. 10. Any claims for mechanics' lien that may be recorded by reason of a work of improvement as disclosed by an inspection of said land. Page 8

15 File No: Matters which may be disclosed by an inspection or by a survey of said land that is satisfactory to this Company, or by inquiry of the parties in possession thereof. An inspection of said land has been ordered, which may result in additional exceptions. END OF SCHEDULE B EXCEPTIONS PLEASE REFER TO THE "NOTES AND REQUIREMENTS SECTION" WHICH FOLLOWS FOR INFORMATION NECESSARY TO COMPLETE THIS TRANSACTION Page 9

16 File No: REQUIREMENTS SECTION: REQ NO.1: The Company will require a statement of information from the parties named below in order to complete this report, based on the effect of documents, proceedings, liens, decrees,.or other matters which do not specifically describe said land, but which, if any do exist, may affect the title or impose liens or encumbrances thereon. Parties all parties.. REQ NO.2: The Company will require the following in order to insure title in, or conveyance from, the entity named below. (A) A copy of the By-Laws or Articles of Association (sometimes known as the "Agreement" or "Charter") (B) A copy of a Resolution of the Association approving the present transaction and identifying the subject land. The Resolution should also state that the transaction is necessary for the business purposes of the Association and should name the parties who are authorized to execute documents for the Association. (C) A statement pursuant to Section Corporations Code, acknowledged, verified, and recorded in this County. Such Statement must include (i) the name of the Association, and (ii) the names and titles of its officers, plus the names of other persons authorized by the Association to sign documents affecting real property. Entity: East LA Community Corporation, a California nonprofit public benefit corporation REQ NO.3: The Company will require that, upon completion of the improvements under construction on the land, a Notice of Completion be recorded in the office of the County Recorder. REQ NO.4: The Company will require that the attached "Owner's Information Statement" be completed by the owner of the estate described or referred to in Schedule A immediately prior to the close of this transaction and be returned to us.. The purposes of the Owner's Information Statement is to provide the Company with certain. information that cannot necessarily be ascertained by making a physical inspection of the land. Page 10

17 File No: 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 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. WIRING INSTRUCTIONS FOR THIS OFFICE ARE: Come rica Bank 2321 Rosecrans Avenue; 5th Floor EI Segundo, CA Phone: (800) ABA # Credit To: Lawyers Title Company - Los Angeles County Account # RE: DG5 PLEASE INDICATE LAWYERS TITLE COMPANY ESCROW OR TITLE ORDER NUMBER Page 11

18 Exhibit B (Revised ) CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses which arise by reason of: 1. (a) Any law, ordinance or governmental regulation (including but not limited to building or zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any improvement now or hereatter erected on the land; (iii) a separation in ownership or a chanqeln the dimensions or area of the land or any parcel of which the land is or' was a part; or (lv) 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 detect, 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 Pollcy. 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 ofa 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 inabilltyor 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'. 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, which are not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b) or (c) are shown by the public records. CLTA HOMEOWNER'S POLICY OF TITLE INSURANCE (10/22/03) ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE EXCLUSIONS In addition to the Exceptions in Schedule 6, You are not insured against loss, costs, attorneys' fees, and expenses resulting from: 1. Governmental police power, and the existence or violation of any law or government regulation. This includes ordinances, laws and regulations concerning: a. building b. zoning c. Land use d. improvements on the Land e. Land division f. environmental protection This Exclusion does not apply to violations or the enforcement. of these matters if notice of the violation or enforcement appears in the Public Records at the Policy Date. This Exclusion does not limit the coverage described in Covered Risk 14, 15, 16, 17 or 24.

19 File No: ,, NOTE NO.3: The charges which the company will make for next day messenger services (l.e. Federal Express, UPS, DHL, Airborne, Express mail, etc.) Are $15.00 per letter, standard overnight service, and $25.00 for larger size packages and/or priority delivery services. Such charges include the cost of such messenger service and the company's expenses for arranging such messenger service and its overhead and profit. Special messenger services will be billed at the cost of such services. There will be no additional charge for pick-up or delivery of packages via the company's regularly scheduled messenger runs. NOTE NO.4: There are no conveyances affecting said land recorded within 24 months of the date of this report. NOTE NO.5: A property inspection wil.1be made prior to recording the trust deed to be insured. If such inspection discloses any evidence of commencement of a work of improvement, the coverage for mechanic's lien insurance will be deleted from the policy, unless all the necessary documents for indemnification have been submitted to the Company and such indemnification has been formally approved by the Company, prior to recording the trust deed. NOTE NO.6: Any claim of lien that may be filed against said land by reason of the work of improvement thereon, as disclosed by an inspection. We may require the recording of a notice of completion and expiration of the appropriate lien period prior to the issuance of title insurance. If you wish to record prior to the expiration of the appropriate lien period, an indemnity must be arranged with this Company. NOTE NO.7: The ALTA Loan policy to be issued after completion of improvements will include CLTA No. 100 endorsement, provided there then exists no violation of covenants, conditions or restrictions, and no encroachments of improvements onto easements or otherwise, but only insofar as such endorsements relate to matters shown in this report. Typist: nbo Date Typed: March 24, 2009; June 3, 2009; November 11, 2009 Page 12

20 Fil.e No: The failure of Your existing structures, or any part of them, to be constructed in accordance with appucqble building codes. This Exclusion does not apply to violations of building codes If notice of the violation appears in the Public Records at the Policy Date, 3. The right to take the Land by condemning it, unless: a, a notice of exercising the right appears in the Public Records at the Policy Date; or b. the taking happened before the Policy Date and is binding on You if You bought the Land without Knowing of the taking. 4. Risks: a. that are created, allowed, or agreed to by You, whether or not they appear in the Public Records; b. that are Known to You at the Policy Date, but not to Us, unless they appear 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.d, 22, 23, 24 or Failure to pay value for Your Title. 6. Lack of a right: a. to any Land outside the area specifically described and referred to in paragraph 3 of Schedule A; and b. in streets, alleys, or waterways that touch the Land.. This Exclusion does not limit the coverage described in Covered Risk 11 or 18. LIMITATIONS ON COVERED RISKS Your insurance for the following Covered Risks is limited on the Owner's Coverage Statement as fellows: For Covered Risk 14, 15, 16 and 18, 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: Your Deductible Amount Our Maximum Dollar Limit of Liability Covered Risk 14: 1% of Policy Amount or $2,500 (whichever is less) $10,000 Covered Risk 15: 1 1o of Policy Al'r!ount or $5,000 (whichever is Jess) Covered Risk 16: 10/0 of Policy Amount or $5,000 (whichever is less) Covered Risk 18: 1 % of Policy Amount or $2,500 (whichever is less) $25,000 $25,000 $5,000 AMERICAN LAND TITLE ASSOCIATION RESIDENTIAL TITLE INSURANCE POLICY (6-1-87) EXCLUSIONS In addition to the Exceptions in Schedule S, you are not insured against loss, costs, attorneys' fees, and expenses resulting from: 1. Governmental police power, and the existence or violation of any law or government regulation. This includes building and zoning ordinances and also laws and regulations concerning: land use improvements on the land land division environmental protection This exclusion does not apply to violations or the enforcement of these matters which appear in the public records at Policy Date. This exclusion does not limit the zoning coverage described in Items 12 and 13 of Covered Title Risks. 2. The right to take the land by condemning it, unless: a notice of exercising the right appears in the public records on the Policy Date the taking happened prior to the Policy Date and is binding on you if you bought the land without knowing of the taking 3, Title Risks: '1\ that are created, ahowed, or agreed to by you 'II that are known to you, but not to us, on the Policy Date -- unless they appeared in the public records that result in no loss to you that first affect your title after the Policy Date ~- this does not limit the labor and material lien coverage in Item 8 of Covered Title Risks 4, Failure to pay value for your title. 5. Lack of a right: e to any land outside the area specifically described and referred to in Item 3 of Schedule A OR 'II in streets, alleys, or waterways that touch your land This exclusion does not limit the access coverage in Item 5 of Covered Title Risks. AMERICAN LAND TITLE ASSOCIATION LOAN POLICY ( ) WITH ALTA ENDORSEMENT-FORM 1 COVERAGE EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses which arise by reason of: 1. (a) Any law, ordinance or governmental regulation (induding but not limited to building and zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating to (1) the occupancy, use, or enjoyment of the land; (ii) the

21 Fi!e No: character, dimensions or location of any improvement now or hereafter erected on the land; (iii) a separation in ownership or a change in thqe dimensions or area of the land or any parcel of which the land is or was a part; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. (b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance' resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not exc!udlngfrom 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, edversectetms or other matters: (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant prior to the date the insured claimant became an insured under this policy; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy (except to the extent that this policy insures the priority 'of the lien of the insured i'1ortgage over any.statutory lien for services, labor or material or to the 'extent Insurance is afforded herein as to assessments for street improvements under construction or completed at Date of Policy); or.. (e) resulting in loss or damage which would not have been SUstained if the insured claimant had paid value for the insured mortgage, 4. Unentorceablllty of the lien of the insured mortgage because of the inability or failure of the insured at Date of Policy, or the inability or failure of any subsequent owner of the indebtedness, to comply with applicable doing business laws of the state in which the land is situated. 5; Invalidity or unenforceabillty of the lien of the insured mortgage, or claim thereof, which arises out of the transaction evidenced by the insured mortgage and is based upon usury or any consumer credit protection or.truth in lending law, 6. Any statutory lien for services, labor or materials (or the claim of priority of any statutory HEm for services, labor or materials over the lien of the insured mortgage) arising from an improvement or work related to the land which is contracted for and commenced subsequent to Date of Policy and is not financed!n Whole or in part by proceeds of the indebtedness secured by the insured mortgage which at Date of Policy the insured has advanced oris obligated to advance. 7. Any claim, which arises out of the transaction creating the interest of the mortgagee insured by this policy I by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that is based on: (I) the transaction creating the interest of the insured mortgagee being deemed a fraudulent conveyance or fraudulent transfer; or (ii) the subordination of the interest of the insured mortgagee as a result of the application of the doctrine or equitable subordination; or (BOthe transaction creating the interest of the insured mortgagee being deemed 'a preferential transfer except where the preferential transfer results from the failure: (a) to timely record the instrument of transfer; or (b) of such recordation to impart notice to a purchaser for value or a judgment or lien creditor, 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 fohowing General Exceptions: EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of: 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. Proceedings by a publlc.aqency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the public records, 2. Any facts, rights, interests or claims which are not shown by the public records but which could be ascertained by an inspection of the land or which may be asserted by persons in possession thereof. 3. Easements, liens or encumbrances, or claims thereof, which are not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b) or (c) are shown by the public records ALTA LOAN POLICY ( ) 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 (induding those relating to building and zoning) restricting, regulating, prohibiting, or relating to (1) 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 (lv) environmental protection; or the effect of any violation of these laws, ordinances, or governmenta! regulations. This Exclusion l(a) does not modify or limit the coverage provided under Covered Risk 5.

22 File No: (b) p.ny governmental police power. This Exclusion l(b) does not modify or. limit the coverage provided under Covered Risk Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 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 Companyby 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 dotnq-bustness laws of the' state where the Land is situated. 5. Invalidity or unenforceebilltv 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-ln-lendlnq 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 l1(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 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: 1. (a) Taxes or assessments that are not shown as existing liens by the records of anvtexlnq 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..mioJng.claims) (b).reservattons. orexceptlons. in...patents. or to..ac;ts,.~uthori;?:ing ~,heissuance.the:repf; (C;;) water rights, claims or title to water, whether or not the matters excepted under (a), (b) or (c) are shown by the Public Records. AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY ( ) EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses which arise by reason of: 1. (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating to 0) the occupancy, use, or enjoyment of the land; (H) 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 (tv) environmental protection, or the effect of any violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the enforcement thereof Or a notice of a defect, lien or encumbrance resulting from a violation or alleged Violation affecting the land has been recorded in the public records at Date of Policy. (b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance resulting from a Violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from coverage any taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without knowledge. 3. Defects, liens, encumbrances, adverse claims or other matters: (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the Company by the insured claimant prior to 'the date the insured claimant became an insured under this policy; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; or (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the estate or interest insured by this policy. 4. Any claim, which arises out of the transaction vesting in the insured the estate or interest insured by this policy, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that is based on: (i) the transaction creating the estate or interest insured by this policy being deemed a fraudulent conveyance or fraudulent transfer; or