none, Plans only - New 2000 sq ft ba, Miscellaneous, OtherCLTA Preliminary Report Form Order Number: TOR-5419921
(Rev. 11/06) Page Number: 1
First Americtle
First American Title Company
3858 Carson Street, Suite 100
Torrance, CA 90503
California Department of Insurance License No. 151
Customer Reference:
Order Number: TOR-5419921 (TO)
Title Officer: Joe Mansueto
Phone: (310)750-2147
Fax No.: (866)878-7968
E-Mail: TORTitle@firstam.com
Property: 5 El Concho Lane
Rolling Hills, CA 90274
PRELIMINARY REPORT
In response to the above referenced application for a policy of title insurance, this 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 A
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 A. 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 A 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.
First American Title
Page 1 of 17
Order Number: TOR-5419921
Page Number: 2
Dated as of March 22, 2017 at 7:30 A.M.
The form of Policy of title insurance contemplated by this report is:
To Be Determined
A specific request should be made if another form or additional coverage is desired.
Title to said estate or interest at the date hereof is vested in:
Shawn M. De Miranda and Carol Nunn De Miranda, Trustees of the De Miranda Family Trust
U/D/O April 15, 2010
The estate or interest in the land hereinafter described or referred to covered by this Report is:
A FEE AS TO PARCEL(S) 1, AN EASEMENT AS TO PARCEL(S) 2, 3 AND 4
The Land referred to herein is described as follows:
(See attached Legal Description)
At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in said
policy form would be as follows:
1. General and special taxes and
payable.
2. General and special taxes and
First Installment:
Penalty:
Second Installment:
Penalty:
Tax Rate Area:
A. P. No.:
assessments for the fiscal year 2017-2018, a lien not yet due or
assessments for the fiscal year 2016-2017.
$12,465.03, PAID
$0.00
$12,465.03, OPEN
$0.00
60-07084
7567-014-006
3. The lien of supplemental taxes, if any, assessed pursuant to Chapter 3.5 commencing with
Section 75 of the California Revenue and Taxation Code.
4. Any easements or servitudes appearing in the public records.
Affects: Common Area.
5. Covenants, conditions, restrictions, easements, assessments, liens, charges, terms and provisions
in the document recorded as Book 14065, Page 345 and Book 14311, Page 58, both of Official
Records, which provide that a violation thereof shall not defeat or render invalid the lien of any
first mortgage or deed of trust made in good faith and for value, but deleting any covenant,
condition, or restriction indicating a preference, limitation or discrimination based on race, color,
First American Title
Page 2 of 17
Order Number: TOR-5419921
Page Number: 3
religion, sex, sexual orientation, familial status, disability, handicap, national origin, genetic
information, gender, gender identity, gender expression, source of income (as defined in
California Government Code § 12955(p)) or ancestry, to the extent such covenants, conditions or
restrictions violation 42 U.S.C. § 3604(c) or California Government Code § 12955. 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.
ROLLING HILLS COMMUNITY ASSOCIATION OF RANCHO PALOS VERDES Homeowners
Association is referenced in the above mentioned document.
Document(s) declaring modifications thereof recorded as Book 14710, Page 166; Book 18153,
Page 218; Book 20553, Page 301; Book 20812, Page 286; Book 22103, Page 83; Book 13400,
Page 74 and Book M-123, Page 396, all of Official Records.
6. Covenants, conditions, restrictions and easements in the document recorded February 2, 1950
as Book 32160, Page 26 of Official Records, which provide that a violation thereof shall not
defeat or render invalid the lien of any first mortgage or deed of trust made in good faith and for
value, but deleting any covenant, condition or restriction indicating a preference, limitation or
discrimination based on race, color, religion, sex, sexual orientation, marital status, ancestry,
disability, handicap, familial status, national origin, source of income (as defined in California
Government Code 12955(p)), to the extent such covenants, conditions or restrictions violate Title
42, Section 3604(c), of the United States Codes. 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.
7. An easement for private street and incidental purposes, recorded as Book 51689, Page 401 of
Official Records.
In Favor of: Chafles H. Khun
Affects: Those portions of said land, lying within the boundaries of the
private streets shown on the map of said Tract No. 19040.
8. Easements as set forth in agreement and declaration of establishment of conditions and
restrictions executed by Palos Verdes Properties and Rolling Hills Community Association of
Rancho Palos Verdes, recorded April 4, 1956 in Book 50785 Page 28 of Official Records and as
reserved by Palos Verdes properties, in deed recorded April 4, 1956 in Book 50785 Page 271 of
Official Records as follows:
(A) Easements over those portions of said land within those certain strips shown as private
streets in said Tract No. 19040, for roads, streets or bridle trail, parkways and park areas, pole
lines and conduits, sewers, storm drains, pipe lines, water systems and incidental purposes, and
any other method of conducting and performing any public or quasi —public utility service.
(B) Easements over those portions of said lots within a strip of land 25 feet wide, measured at
right angles, entirely within and abutting upon the exterior boundary of said Tract No. 19040, for
pole lines and conduits, sewers, storm drains, pipe lines, water systems and incidental purposes,
and any other method of conducting and performing any public or quasi -public utility service.
(C) Easements over a strip of land 10 feet wide entirely within and abutting upon the exterior
boundaries of lots 9 and 10 of said Tract No. 19040;
First American Title
Page 3 of 17
Order Number: TOR-5419921
Page Number: 4
Except that portion within a strip of land 25 feet wide measured at right angles entirely within
and abutting upon the exterior boundary of said Tract No. 19040;
Except that portion within those certain strips shown as private streets in said Tract No. 19040;
For pole lines and conduits, sewers, storm drains, pipe lines, water systems, and incidental
purposes, and any other method and conducting and performing and public or quasi -public utility
service.
9. Covenants, conditions, restrictions and easements in the document recorded April 4, 1956
as Book 50785, Page 28 of Official Records, which provide that a violation thereof shall not
defeat or render invalid the lien of any first mortgage or deed of trust made in good faith and for
value, but deleting any covenant, condition or restriction indicating a preference, limitation or
discrimination based on race, color, religion, sex, sexual orientation, marital status, ancestry,
disability, handicap, familial status, national origin, source of income (as defined in California
Government Code 12955(p)), to the extent such covenants, conditions or restrictions violate Title
42, Section 3604(c), of the United States Codes. 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.
Document(s) declaring modifications thereof recorded April 13, 1956 as Book 50886, Page 264 of
Official Records.
10. Easements affecting those portions of Parcels 1 and 2, lying within the boundaries of the private
streets shown on the map of said Tract No. 19040 and also affecting a portion of Parcel 3, for
road and utility purposes, pipe lines and incidental purposes, as reserved and granted by various
Deeds of record, along them being the Deed to Palos Verdes Water Company, recorded July 2,
1956 in Book 51624 Page 16 of Official Records, and the Deeds to Southern California Gas
Company recorded July 6, 1956 in Book 51666 Page 148 of Official records and in Book 51666
Page 152 of Official Records.
11. An easement for pole lines and incidental purposes, recorded October 24, 1956 as Book 52675,
Page 338 of Official Records.
In Favor of: Southern California Edison Company
Affects: Said land
12. An easement for public, private utilities, road, purposes, bridle trails, drainage purposes and
incidental purposes in the document recorded April 22, 1957 as Book 54273, Page 312 of Official
Records.
13. Any and all offers of dedications, conditions, restrictions, easements, notes and/or provisions
shown or disclosed by the filed or recorded map referred to in the legal description including but
not limited to: storm drain and incidental purposes affecting said land.
14. An easement for road purposes, all public, private utilities, bridle trails, drainage purposes and
incidental purposes in the document recorded August 29, 1958 as of Official Records.
15. An easement for storm drain and incidental purposes in the document recorded August 29, 1958
as Not Shown of Official Records.
First American Title
Page 4 of 17
Order Number: TOR-5419921
Page Number: 5
16. A deed of trust to secure an original indebtedness of $1,350,000.00 recorded January 26,
2007 as INSTRUMENT NO. 07-165439 OF OFFICIAL RECORDS.
Dated: January 11, 2007
Trustor: SHAWN MICHAEL DE MIRANDA AND CAROL F. NUNN,
HUSBAND AND WIFE
Trustee: COMMONWEALTH LAND TITLE CO.
Beneficiary: JPMORGAN CHASE BANK, N.A.
17. Any easements and/or servitudes affecting easement parcel(s) 2, 3 AND 4 herein described.
18. Water rights, claims or title to water, whether or not shown by the public records.
19. Rights of the public in and to that portion of the land lying within any Road, Street, Alley or
Highway.
20. This transaction may be subject to the FinCEN Geographic Targeting Order affecting residential
sale transactions. This company must be provided with information prior to the closing sufficient
to determine if IRS/FinCEN Form 8300 must be completed and filed and must be provided
information sufficient to meet the records retention requirements of the FinCEN Geographic
Targeting Order. This transaction will not be insured, and this company and/or its underwriter
will not be involved in a Covered Transaction (as defined by the FinCEN Geographic Targeting
Order) until this information is submitted and reviewed by this company.
Prior to the issuance of any policy of title insurance, the Company will require:
21. With respect to the trust referred to in the vesting:
a. A certification pursuant to Section 18100.5 of the California Probate Code in a form satisfactory
to the Company.
b. Copies of those excerpts from the original trust documents and amendments thereto which
designate the trustee and confer upon the trustee the power to act in the pending transaction.
c. Other requirements which the Company may impose following its review of the material
required herein and other information which the Company may require.
First American Title
Page 5 of 17
Order Number: TOR-5419921
Page Number: 6
INFORMATIONAL NOTES
Note: The policy to be issued may contain an arbitration clause. When the Amount of Insurance is less
than the certain dollar amount set forth in any applicable 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. If
you desire to review the terms of the policy, including any arbitration clause that may be included,
contact the office that issued this Commitment or Report to obtain a sample of the policy jacket for the
policy that is to be issued in connection with your transaction.
1. This report is preparatory to the issuance of an ALTA Loan Policy. We have no knowledge of any
fact which would preclude the issuance of the policy with CLTA endorsement forms 100 and 116
and if applicable, 115 and 116.2 attached.
When issued, the CLTA endorsement form 116 or 116.2, if applicable will reference a(n) Single
Family Residence LYING WITHIN A PLANNED UNIT DEVELOPMENT known as 5 EL CONCHO
LANE, ROLLING HILLS, CA.
2. According to the public records, there has been no conveyance of the land within a period of
twenty-four months prior to the date of this report, except as follows:
None
3. Note: Please contact the ROLLING HILLS COMMUNITY ASSOCIATION OF RANCHO PALOS
VERDES Homeowner's Association and/or their successors and assigns or any other appropriate
entity regarding assessments, transfer fees and other requirements that may be due or imposed
upon the contemplated transaction pursuant to the above document(s). Reference is made to
the recorded document(s) for full particulars.
NOTE to proposed insured lender only: No Private transfer fee covenant, as defined in Federal
Housing Finance Agency Final Rule 12 CFR Part 1228, that was created and first appears in the
Public Records on or after February 8, 2011, encumbers the Title except as follows: None
The map attached, if any, may or may not be a survey of the land depicted hereon. First American
expressly disclaims any liability for loss or damage which may result from reliance on this map except to
the extent coverage for such loss or damage is expressly provided by the terms and provisions of the title
insurance policy, if any, to which this map is attached.
1
First American Title
Page 6 of 17
Order Number: TOR-5419921
Page Number: 7
LEGAL DESCRIPTION
Real property in the City of Rolling Hills, County of Los Angeles, State of California, described as
follows:
PARCEL 1:
LOT 10 AND THAT PORTION OF LOT 9 OF TRACT NO. 19040, IN THE CITY OF ROLLING HILLS,
COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 592
PAGES 28 TO 30 INCLUSIVE OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY, DESCRIBED AS FOLLOWS:
BEGINNING AT THE SOUTHWESTERLY CORNER OF SAID LOT 10, THENCE NORTH 74 DEGREES
46' 15" WEST 377.41 FEET TO AN ANGLE POINT IN THE WESTERLY BOUNDARY OF SAID LOT 9
WHICH IS THE NORTHWESTERLY END OF A STRAIGHT LINE THEREIN WHICH HAS A BEARING
OF NORTH 24 DEGREES 32' 40" WEST, THENCE NORTH 32 DEGREES 47' 47" EAST 309.35 FEET
TO AN ANGLE POINT IN SAID WESTERLY BOUNDARY; THENCE SOUTH 71 DEGREES 55' 30"
EAST 327.67 FEET TO THE MOST NORTHERLY CORNER OF SAID LOT 10; THENCE
SOUTHEASTERLY, SOUTHWESTERLY AND WESTERLY ALONG THE NORTHEASTERLY,
SOUTHEASTERLY AND SOUTHERLY BOUNDARY OF SAID LOT 10 TO THE POINT OF BEGINNING.
PARCEL 2:
AN EASEMENT FOR ROAD PURPOSES OVER THOSE CERTAIN STRIPS OF LAND DESIGNATED
"PRIVATE STREET" ON THE MAP OF TRACT NO. 19040, IN THE CITY OF ROLLING HILLS,
COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, AS PER MAP RECORDED IN BOOK 592
PAGES 28 TO 30 INCLUSIVE OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF SAID
COUNTY.
PARCEL 3:
NON-EXCLUSIVE EASEMENTS FOR ROADS PURPOSES AND UTILITY PURPOSES OVER THAT
PORTION OF LOT "H" OF THE RANCHO LOS PALOS VERDES, IN THE CITY OF ROLLING HILLS,
COUNTY OF LOS ANGELES, STATE OF CALIFORNIA, ALLOTTED TO JOTHAM BIXBY BY DECREE
OF PARTITION IN THE ACTION "BIXBY, ET AL., VS. BENT ET AL." CASE NO. 2373, IN THE
DISTRICT COURT OF THE 17TH JUDICIAL DISTRICT OF SAID STATE OF CALIFORNIA, IN AND
FOR SAID COUNTY OF LOS ANGELES, AND ENTERED IN BOOK 4 PAGE 57 OF JUDGEMENTS, IN
THE SUPERIOR COURT OF SAID COUNTY, DESCRIBED AS FOLLOWS:
A STRIP OF LAND 50.00 FEET WIDE, 25.00 FEET MEASURED AT RIGHT ANGLES OR RADIALLY
ON EACH SIDE OF THE FOLLOWING DESCRIBED CENTER LINE:
BEGINNING AT THE MOST WESTERLY CORNER OF THE LAND DESCRIBED IN PARCEL NO. 1 OF
DEED TO CARL R. ERICKSON, RECORDED IN BOOK 20812 PAGE 286 OF OFFICIAL RECORDS;
THENCE ALONG THE NORTHWESTERLY BOUNDARY OF SAID LAND, NORTH 29 DEGREES 01' 50"
EAST 50.00 FEET AND NORTH 38 DEGREES 00' 35" EAST 106.07 FEET TO THE BEGINNING OF A
TANGENT CURVE CONCAVE SOUTHEASTERLY AND HAVING A RADIUS OF 200.00 FEET; THENCE
LEAVING SAID NORTHWESTERLY BOUNDARY, NORTHEASTERLY ALONG SAID CURVE 114.62
FEET; THENCE NORTH 70 DEGREES 50' 50" EAST 132.61 FEET TO THE BEGINNING OF A
TANGENT CURVE CONCAVE SOUTHERLY AND HAVING A RADIUS OF 150.00 FEET; THENCE
EASTERLY ALONG SAID LAST MENTIONED CURVE 94.26 FEET; THENCE SOUTH 73 DEGREES 08'
55" EAST 203.85 FEET TO THE BEGINNING OF A TANGENT CURVE CONCAVE NORTHERLY AND
HAVING A RADIUS OF 350.00 FEET; THENCE EASTERLY ALONG SAID LAST MENTIONED CURVE
First American Title
Page 7 of 17
Order Number: TOR-5419921
Page Number: 8
115.89; THENCE NORTH 87 DEGREES 52' 50" EAST 215.50 FEET TO THE BEGINNING OF A
TANGENT CURVE CONCAVE NORTHWESTERLY AND HAVING A RADIUS OF 100.00 FEET;
THENCE NORTHEASTERLY ALONG SAID LAST MENTIONED CURVE 42.59 FEET TO A POINT IN
THE EASTERLY BOUNDARY OF SAID PARCEL NO. 1, DISTANT THEREON NORTH 24 DEGREES
31' 10" WEST 9.66 FEET PROM THE SOUTHERLY TERMINUS OF A STRAIGHT LINE IN SAID
EASTERLY BOUNDARY HAVING A BEARING OF NORTH 24 DEGREES 31' 10" WEST; THENCE
CONTINUING ALONG SAID LAST MENTIONED CURVE NORTHEASTERLY 41.98 FEET; THENCE
TANGENT TO SAID CURVE NORTHEASTERLY 44.58 FEET.
EXCEPT THEREFROM THAT PORTION OF THE ABOVE DESCRIBED STRIP OF LAND, 50 FEET
WIDE, INCLUDED WITHIN THE BOUNDARIES OF TRACT NO. 19040, AS PER MAP RECORDED IN
BOOK 592 PAGES 28, 29 AND 30 OF MAPS, IN THE OFFICE OF THE COUNTY RECORDER OF
SAID COUNTY.
ALSO EXCEPT THAT PORTION OF SAID PARCEL 3, INCLUDED WITHIN THE LINES OF CREST
ROAD, 100 FEET WIDE, AS SHOWN ON LOS ANGELES COUNTY ASSESSOR'S MAP NO. 51,
RECORDED IN BOOK 1 PAGE 1 OF ASSESSOR'S MAPS, IN THE OFFICE OF THE COUNTY
RECORDER OF SAID COUNTY.
PARCEL 4:
NON-EXCLUSIVE EASEMENTS IN THE CITY OF ROLLING HILLS, IN THE COUNTY OF LOS
ANGELES, STATE OF CALIFORNIA, FOR ROAD PURPOSES OVER AND ALONG THE PRIVATE
ROADS SHOWN ON THE FOLLOWING DESCRIBED MAPS, WITH THE RIGHT TO GRANT THE
SAME TO OTHERS:
(A) ROLLING HILLS TRACT, AS PER MAP RECORDED IN BOOK 201 PACES 29 TO 35 INCLUSIVE
OF MAPS, RECORDS OF SAID COUNTY.
(B) MAP FILED IN BOOK 58 PAGES 6 TO 10 INCLUSIVE, RECORD OF SURVEYS, IN THE OFFICE
OF THE COUNTY RECORDER OF SAID COUNTY, LOCALLY KNOWN AS EAST FIELD.
(C) THAT PORTION OF CREST ROAD, A PRIVATE ROAD 100.00 FEET WIDE, AS SHOWN ON
COUNTY SURVEYOR'S MAP B-886 FILED IN THE OFFICE OF THE SURVEYOR OF SAID COUNTY,
EXTENDING FROM THE EASTERLY LINE AND ITS SOUTHERLY PROLONGATION OF THE LAND
SHOWN ON MAP FILED IN BOOK 58 PAGES 6 TO 10 INCLUSIVE CF SAID RECORD OF SURVEYS,
IN A WESTERLY DIRECTION 11.321 FEET, MORE OR LESS, TO A LINE WHICH IS AT RIGHT
ANGLES TO THE CENTER LINE OF SAID CREST ROAD AND DISTANT THEREON NORTH 37
DEGREES 4' 40" WEST 166.75 FEET FROM THE NORTHWESTERLY END OF A CURVE THEREON
WHICH IS CONCAVE NORTHEASTERLY, HAS A RADIUS OF 700.00 FEET AND A LENGTH OF
403.27 FEET.
APN: 7567-014-006
First American Title
Page 8 of 17
rw•
0
4)/
44-
44,1
ci
tp.
t
‘le .......
..--
nit
kit)
& ‹'"-- ..0 .,*
4.e.,,,,. 1 .al;.; ...........:7,-- Eidt, .1.;:‘ . 0 iilli
• • /i
TRACT NO. 19040
e
z
ai
Li?
Order Number: TOR-5419921
Page Number: 9
• 0
r-
-r
•
First American Title
Page 9 of 17
Order Number: TOR-5419921
Page Number: 10
NOTICE
Section 12413.1 of the California Insurance Code, effective January 1, 1990, requires that any title insurance
company, underwritten title company, or controlled escrow company handling funds in an escrow or sub -escrow
capacity, wait a specified number of days after depositing funds, before recording any documents in connection
with the transaction or disbursing funds. This statute allows for funds deposited by wire transfer to be disbursed
the same day as deposit. In the case of cashier's checks or certified checks, funds may be disbursed the next day
after deposit. In order to avoid unnecessary delays of three to seven days, or more, please use wire transfer,
cashier's checks, or certified checks whenever possible.
First American Title
Page 10 of 17
Order Number: TOR-5419921
Page Number: 11
INCOMING DOMESTIC WIRE INSTRUCTIONS
Beware of cyber-crime! If you receive an e-mail or any other communication that appears to be
generated from a First American Title Company employee that contains new, revised or altered bank wire
instructions, consider it suspect and call our office at a number you trust.
** Our Wire Instructions Do Not Change. **
Funds from other than buyer or seller: Other than funds from a designated lender, real estate agent
or broker, or the attorney of record, we will only accept incoming wires that are from the buyer or seller
on a transaction. Other third party deposits not accompanied by appropriate instructions will be returned
to the remitter.
Funds from a U.S. Bank: Funds should be wired from a bank within the United States. Notify
our office at (310)750-2147 when you have transmitted your wire.
Funds from a non-U.S. Bank: If your funds are being wired from a non-U.S. bank, additional charges
may apply. Contact our office for Incoming International Wiring Instructions.
ACH Transfers are NOT wire transfers: An ACH transfer is not immediately available funds and
requires additional time for clearance. An ACH transfer cannot be accepted for an imminent closing.
Acceptance of ACH transfers are subject to state law. Contact our office at (310)750-2147 prior to
sending funds by ACH transfer.
Contact our office at (310)750-2147 when funds are sent.
PAYABLE TO: First American Title Company
BANK: First American Trust, FSB
ADDRESS: 5 First American Way, Santa Ana, CA 92707
ACCOUNT NO.: 3132030000
ROUTING NUMBER: 122241255
PLEASE REFERENCE THE FOLLOWING:
PROPERTY: 5 El Concho Lane, Rolling Hills, CA 90274
FILE NUMBER: TOR-5419921
FIRST AMERICAN TRUST, FSB CONTACT INFO: Banking Services (877)600-9473
WIRES MAY BE RETURNED IF THE FILE NUMBER
AND PROPERTY REFERENCE ARE NOT INCLUDED
First American Title
Page 11 of 17
Order Number: TOR-5419921
Page Number: 12
EXHIBIT A
LIST OF PRINTED EXCEPTIONS AND EXCLUSIONS (BY POLICY TYPE)
CLTA STANDARD COVERAGE POLICY —1990
EXCLUSIONS FROM COVERAGE
The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees
or expenses which arise by reason of:
1. (a) Any law, ordinance or governmental regulation (including but not limited to building 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 daimant 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.
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.
First American Title
Page 12 of 17
Order Number: TOR-5419921
Page Number: 13
CLTA/ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE (12-02-13)
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:
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:
Your Deductible Amount Our Maximum Dollar Limit of Liability
Covered Risk 16: 1% of Policy Amount Shown in Schedule A or $2,500 $10,000
(whichever is less)
Covered Risk 18: 1% of Policy Amount Shown in Schedule A or $5,000 $25,000
(whichever is less)
Covered Risk 19: 1% of Policy Amount Shown in Schedule A or $5,000 $25,000
(whichever is less)
Covered Risk 21: 1% of Policy Amount Shown in Schedule A or $2,500 $5,000
(whichever is less)
2006 ALTA LOAN 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;
First American Title
Page 13 of 17
Order Number: TOR-5419921
Page Number: 14
(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 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 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:
[PART I
[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.]
PART II
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
First American Title
Page 14 of 17
Order Number: TOR-5419921
Page Number: 15
(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 or
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 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 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:
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.
7. [Variable exceptions such as taxes, easements, CC&R's, etc. shown here.]
ALTA EXPANDED COVERAGE RESIDENTIAL LOAN POLICY (12-02-13)
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;
First American Title
Page 15 of 17
Order Number: TOR-5419921
Page Number: 16
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 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
Exdusion 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 Exdusion does not modify or limit the coverage provided in Covered Risk 5 or 6.
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.
First American Title
Page 16 of 17
Order Number: TOR-5419921
Page Number: 17
First American Title
Privacy Information
We Are Committed to Safeguarding Customer Information
In order to better serve your needs now and in the future, we may ask you to provide us with certain information. We understand that you may be concemed about what we will do with such
information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to us. Therefore, together with our
subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal Information.
Applicability
This Privacy Policy governs our use of the information that you provide to us. It does not govern the manner in which we may use information we have obtained from any other source, such as
information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal information regardless of its source.
First American calls these guidelines its Fair Information Values.
Types of Information
Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include:
• Information we receive from you on applications, forms and in other communications to us, whether in writing, in person, by telephone or any other means;
• Information about your transactions with us, our affiliated companies, or others; and
• Information we receive from a consumer reporting agency.
Use of Information
We request information from you for our own legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties
except: (1) as necessary for us to provide the product or service you have requested of us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period
after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality control efforts or customer analysis. We may also provide all of the types of
nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and casualty
insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Furthermore,
we may also provide all the Information we collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial
institutions with whom we or our affiliated companies have joint marketing agreements.
Former Customers
Even if you are no longer our customer, our Privacy Policy will continue to apply to you.
Confidentiality and Security
We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal information about you to those individuals and
entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be
handled responsibly and in accordance with this Privacy Policy and First American's Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with
federal regulations to guard your nonpublic personal information.
Information Obtained Through Our Web Site
First American Financial Corporation Is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information about you we receive on the Internet.
In general, you can visit First American or its affiliates' Web sites on the World Wide Web without telling us who you are or revealing any Information about yourself. Our Web servers collect the
domain names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of visits, average time spent on the site, pages viewed and similar information. First
American uses this information to measure the use of our site and to develop ideas to improve the content of our site.
There are times, however, when we may need information from you, such as your name and email address. When information is needed, we will use our best efforts to let you know at the time of
collection how we will use the personal Information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific
account/profile information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above.
Business Relationships
First American Financial Corporation's site and its affiliates' sites may contain links to other Web sites. While we try to link only to sites that share our high standards and respect for privacy, we are
not responsible for the content or the privacy practices employed by other sites.
Cookies
Some of First American's Web sites may make use of "cookie" technology to measure site activity and to customize information to your personal tastes. A cookie is an element of data that a Web site
can send to your browser, which may then store the cookie on your hard drive.
FirctAm corn uses stored cookies. The goal of this technology is to better serve you when visiting our site, save you time when you are here and to provide you with a more meaningful and
productive Web site experience.
Fair Information Values
Fairness We consider consumer expectations about their privacy in all our businesses. We only offer products and services that assure a favorable balance between consumer benefits and consumer
privacy.
Public Record We believe that an open public record creates significant value for society, enhances consumer choice and creates consumer opportunity. We actively support en open public record
and emphasize its importance and contribution to our economy.
Use We believe we should behave responsibly when we use information about a consumer in our business. We will obey the laws governing the collection, use and dissemination of data.
Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and disseminate. Where possible, we will take reasonable steps to correct inaccurate information.
When, as with the public record, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer
can secure the required corrections.
Education We endeavor to educate the users of our products and services, our employees and others in our industry about the importance of consumer privacy. We will instruct our employees on
our fair information values and on the responsible collection and use of data. We will encourage others in our industry to collect and use information in a responsible manner.
Security We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of the data we maintain.
Form 50-PRIVACY (9/1/10)
Page 1 of 1 Privacy Information (2001-2010 First American Financial Corporation)
First American Title
Page 17 of 17