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HomeMy WebLinkAboutRS2- Redevelopment Agency D '' EL0PMENT D E P A R T I NT OF THE CITY OF SAN BERNARDINO REQUEST FOR COMMISSION/COUNCIL ACTION From: KENNETH J. HENDERSON Subject: DUKES-DUDS & ASSOCIATES Executive Director REAL PROPERTY PURCHASE AGREEMENT Date: February 10, 1993 ------------------------------------------------------------------------------- Synopsis of Previous Commission/Council/Committee Action(s): None ------------------------------------------------------------------------------- Recommended Motion(s): (Community Development Commission) MOTION A: That the Community Development Commission authorize purchase of the Dukes-Dukes and Associates owned thirty-eight (38) lot subdivision located at the northeast corner of 16th and California Street at a price not to exceed $700,000 and authorize the Chairman and Executive Director to execute all necessary documents in connection with implementation of the attached Real Property Purchase Agreement. AND MOTION B: That the Community Development Commission also authorize a loan agreement between Dukes-Dukes and Associates and the Redevelopment Agency in the amount of $200,000, said loan to be secured by a Second Trust Deed against Dukes-Dukes and Associates owned properties. (CONTINUED ON NEXT PAGE) cs� Administrator KENN E ETH . HENDERSON xec ve Director ------------------------------------------------------------------------------- Contact Person(s): Kenneth J. Henderson/David R Edgar Phone: 5081 Project Area(s): Northwest (NW) Ward(s): Six (6) Supporting Data Attached: Staff Report: Loan Agreements Appraisal; Title Report FUNDING REQUIREMENTS: Amount: $ 900,000 Source: Bank of San Bernardino Budget Authority: Requested ------------------------------------------------------------------------------- Commission/Council Notes: ------------------------------------------------------------------------------ KJH:DRE:paw:0192c COMMISSION MEETING AGENDA Meeting Date: 2/15/1993 Agenda Item Number: ��- REQUEST FOR COMMISSIG. 'OUNCIL ACTION ¢ DUKES-DUKES AND ASSOCIATES REAL PROPERTY PURCHASE AGREEMENT February 10, 1993 Page Number -2- -------------------------------------------------------------------------------- Recommended Motion(s) Continued: AND (Community Development Commission) MOTION C: That the Community Development Commission authorize a $900,000 loan from the Bank of San Bernardino, for the expressed purpose of effectuating Motions A and B, and authorize the Chairman and Executive Director to execute any all documents in conjunction with the transaction. ---------------------------------------------------------------------------- KJH:DRE:paw:0192c COMMISSION MEETING AGENDA Meeting Date: 2/15/1993 Agenda Item Number: �J -� D E - R L O P M E N T D E P A R T Y N T OF THE CITY OF SAN BERNARDINO STAFF REPORT -------------------------------------------------------------------------------- DUKES-DUKES AND ASSOCIATES REAL PROPERTY PURCHASE AGREEMENT On January 20, 1993, the Community Development Commission considered a loan agreement between the Economic Development Agency (EDA) and Dukes-Dukes and Associates in the amount of $900,000. The purpose of this loan was to facilitate reorganization of the Dukes Corporation, to allow Dukes to continue redevelopment activities within the City of San Bernardino. As a result of discussions which occurred at the Commission meeting, three issues surfaced which impacted the potential feasibility of the proposed loan. The issues included the following: -- Source of loan repayment -- Adequacy of loan security (equity) -- Source of funds EDA could utilize to finance the loan. Agency staff and Special Council met with Dukes-Dukes and Associates to devise a strategy which would adequately resolve these issues. As a result of these meetings, the "loan" from the Agency to Dukes-Dukes and Associates subsequently evolved into purchase of the Dukes owned thirty-eight (38) lot parcels located at the northeast corner of 16th and California (Tract 13822) (Arrow Vista Housing Development) . The established purchase price was $900,000 based upon the raw land value, available sewer capacity certificates and the developer having previously paid all development fees. Comprehensive investigation by Agency staff, Edward Hill (Appraiser) and Agency Council, however, has indicated that the proposed purchase price cannot be supported given the existing property values (Please see attached Appraisal Report). As a result of this Agency's continued interest in facilitating Dukes-Dukes and Associates, Agency staff and Mr. Dukes have now agreed to both a modified purchase agreement and a new loan agreement (secured by additional Dukes-Dukes properties). The modified deal points are as follows: - Purchase Agreement - Agency agrees to purchase from Dukes and Dukes the thirty-eight (38) lot subdivision, including all soil reports, geological surveys, tentative and final subdivision maps, construction and engineering drawings (plans and specifications ) sewer capacity rights and related instruments, documents and reports for the total consideration of $700,000. Once acquired, it is the intent of this Agency to request formal request for proposals (RFP) from high quality builders interested in developing this site. Based upon initial interest in this project by the development community, it appears that these parcels remain extremely marketable. ---------------------------------------------------------------------------- KJH:DRE:paw:0192c COMMISSION MEETING AGENDA Meeting Date: 2/15/1993 �c Agenda Item Number: C DEVELOPMENT DEPARTMENT STAFF REPORT DUKES-DUKES AND ASSOCIATES REAL PROPERTY PURCHASE AGREEMENT February 10, 1993 Page Number -2- -------------------------------------------------------------------------------- - Loan Agreement - The Agency agrees to provide Dukes-Dukes and Associates with a loan in the amount of $200,000. Said loan shall be secured by a second Deed of Trust against the Dorgil I and Dorgil II properties, which are currently owned by Dukes-Dukes (Please see attached Preliminary Title Report). In consideration for providing said loan, the Agency will receive a 1% loan origination fee and 1% over Bank of America's prime, as interest for the entire twelve (12) month term of the loan. Said loan shall entirely due and payable twelve (12) months from the date of execution of this agreement. Disbursement of these monies will remain consistent with the requirements outlined as part of the original loan agreement, as approved. - Dukes shall be solely responsible for the payment of all costs related to such escrow. - Upon successful close of escrow and transfer of title from Dukes to the Agency of the thirty-eight (38) lots, the Title Company, upon verification of the recordation of the grant deeds and issuance of the required Title Policy in favor of the Agency, will be authorized to disburse funds. -- Loan in the amount of $200,000 to be secured by Second Trust Deed against Dorgil I and Dorgil II (Please see attached Loan Agreement) . -- Both the purchase agreement and the loan agreement are contingent to Agency approval of the following: -- Preliminary report on Tract 13288 and Dorgil I and Dorgil II. -- Updated appraisal of Tract 13822. Because the Agency, however, currently has no clearly identifiable sources of funds to finance this loan and acquisition, Bank of San Bernardino Officials have agreed to loan the Agency $900,000. This loan will be for a one (1) year period of time, and shall be repaid out of proceeds from the sale of Phase IIA Arrow Vista properties. Based on the foregoing, staff recommends adoption of the form motions. KENNETH HENDERSON, Executive Director Development Department ------------------------------------------------------------------------------ KJH:DRE:paw:0192c COMMISSION MEETING AGENDA Meeting Date: 2/15/1993 Agenda Item Number: FEB 11 '93 11:35AM P.2 DRAFT REAL PROPERTY PURCHASE AGREEMENT AND LOAN AGREQUa (DLJI�S 38 LOT SUBDIVISION) THIS REAL PROPERTY PURCHASE AGREEMENT AND LOAN AGREEMENT ("Purchase/Loan Agreement") is dated this day of February, 1993, by and between the Redevelopment Agency of the City of San Bernardino (hereinafter referred to as the "Agency" or the "Purchaser") and John Dukes and Vivian Nash, as individuals, and Dukes-Dukes and Associates, Inc., a California corporation (hereinafter, collectively referred to as "Dukes" or the "Seller"). Section 1. The Agency hereby agrees to purchase from the Seller, and the Seller hereby agrees to sell to the Agency, the 38 lot subdivision generally located at the northeast corner of 16th Street and California Street within the City of San Bernardino (the "38 Lots"), as more fully described in the Legal Description as attached hereto as Exhibit "A" and the Related Documents as herein defined. The Agency shall pay to the Seller the total consideration of$700,000 for the purchase of both (i) the 38 Lots and (ii) all soils reports, geological surveys, tentative and final subdivision maps, construction and engineering drawings for the 38 Lots and the residential dwelling units, Agrading permits, sewer capacity rights and any other document, instrument, report or study relative to the 38 Lots and the construction and sale of residential dwelling units -1- 2 • r 4H•�f.•K'ea ., . n s:.�«....a• ... .. .. �'!�°TR'oTP.fi" • FEB 11 '93 11:36AM e P.3 thereon (collectively, the "Related Documents") in accordance with the terms and conditions as hereinafter set forth. Sect' . As soon as practicable after the date of this Purehasea a wAgreement, the parties shall enter into an escrow to be held by First American Title Company, San Bernardino, California (the "Title Company"), for the purpose of disbursing funds and recording documents as required pursuant to this Purchas%Agreement. The Agency and the Seller shall execute all additional documents as are reasonably required by the Title Company (i) for the purpose of establishing the escrow, (ii) for the disbursement of funds, (iii) for the transfer of title, (iv) for the recordation of the Deed of Trust to secure the repayment of the Interim Loan (as hereinafter defined), (v) for the recordation of the Deed of Trust to secure the repayment of the Loan as provided for in Section 5 hereof, and vi all other transfer documents as required by this Purchase/Loan Agreement, and the Seller shall deposit the Related Documents with the Title Company in escrow upon the establishment of the escrow. The Executive Director of the Agency and counsel to the Agency shall have ten (10) business days after receipt of the Related Documents to approve same as to adequacy and compliance with this Purchase Loan Agreement. Any disapproval by the Executive Director and counsel to the Agency shall be given within said ten-day period and the Seller shall cure any defects in the sufficiency of the Related Documents within the sixty (60) calendar day time period of the escrow without any extension of the time within -2- FEB 11 193 11:37AM f" P•4 which the escrow must either close or terminate. The Seller shall be solely responsible for the payment of all costs related to such escrow, all title survey and insurance costs, recording and transfer costs, costs associated with the disbursement of funds from the escrow and all other costs incurred by the Title Company in connection with this escrow. To the extent possible, all such costs shall be disbursed from the net available amounts deposited by the Agency with the Title Company and which are credited to the escrow deposit of the Agency. The Agency shall, as a condition precedent to both the execution of the escrow documents and the establishment of an escrow, have (i) reviewed a Preliminary Title Report to be prepared by the Title Company demonstrating to the satisfaction of the Executive Director of the Agency and counsel to the Agency that the 38 Lots and the Related Documents can be conveyed to the Agency as required pursuant to this Agreement and that all liens, encumbrances and deeds of trust filed against the 38 Lots can be discharged upon the transfer of title of the 38 Lots and the Related Documents from the Seller to the Agency, and (b) that a third Deed of Trust securing the Loan can be recorded as to the Dor Project (as hereinafter defined and (ii) obtained and reviewed by the Executive Director of the Agency and counsel to the Agency an appraisal report from a qualified appraiser acceptable to the Executive Director of the Agency and counsel to the Agency that the appraised value of the 38 Lots and the Related Documents is equal to not less than $700,000. Upon the establishment of the escrow as required herein, an amount not to exceed $135,000 shall be deposited into escrow by the Agency and disbursed by the Title Company for the following purposes: -3- FEB t1 11:37HM P.5 ti 1. Approximately $125,000 for the satisfaction of federal tax liens recorded against properties of the Seller located within the County of San Bernardino; and 2. Approximately $10 000 to the Bank of San Bernardino as an interest rr y > payment on the two (2) separate Bank of San Bernardino loans as hereinafter specified. Prior to the disbursement of the not to exceed $135,000 amount as required above, plus all escrow, title insurance and recordation and transfer costs (the "Interim Loan"), the Agency Executive Director shall deliver payment instructions to the Title Company describing the payee, account number and the exact dollar amount based upon information to be supplied by the Seller. The Seller shall execute and the Title Company shall record a Deed of Trust against the 38 Lots. The Deed of Trust shall be in an initial amount not to exceed $135,000 for payments pursuant to items 1. and 2. above, plus interest thereon and all other escrow costs in the event the escrow does not close by the date as herein provided, and to guaranty the repayment of the funds as disbursed pursuant to the Interim Loan upon the establishment of the escrow. The Interim Loan shall be in a principal amount not to exceed $135,000, plus all other escrow costs as provided above, and shall bear interest at a rate per annum to be determined by the Agency as the Agency cost of funds until the escrow has been terminated by either a final conveyance of the 38 Lots to the Agency or the inability of -4- FEB 11 '93 11:38AM *^.. P.5 the Seller to convey the 38 Lots within sixty (60) calendar days from the date of establishment of the escrow. Upon final conveyance of the 38 Lots, the Interim Loan shall be deemed to be paid in full as to principal with interest to be repaid to the Agency from the net available sale proceeds of the Sellei and the Deed of Trust shall be reconveyed simultaneously with the transfer of title of the 38 Lots from the Seller to the Agency. In the event the conveyance of the 38 Lots does not occur within sixty (60) calendar days from the date of establishment of the escrow, the Interim Loan shall become immediately due and payable by Dukes to the Agency and the unpaid principal and interest balance thereon shall then bear interest at a rate equal to twelve percent (12%) per annum from the last date for which the conveyance was to have occurred until the Interim Loan, plus interest, has been paid in full, The Agency shall not be required nor shall it have any obligation to advance a principal amount in excess of the $135,000 initial advance plus other escrow related costs with to the Interim Loan. Section 3, The escrow shall close and title to the 38 Lots shall transfer from the Seller to the Agency by a Grant Deed not later than sixty (60) calendar days after the date the escrow has been established upon all conditions of the escrow having been satisfied and a notice from Dukes to the Title Company and the Agency has been received by the 'Title Company indicating that the corporate reorganization of Dukes- Dukes and Associates, Inc., from a Subchapter S corporation to a Subchapter C corporation has either been finally consummated or such condition has been waived by -5- I y._1 a f FEB 11 '93 11:39W P.7 the Seller. In the event the Seller has not delivered such notice on or before six 60 calendar days from the date of establishment of the escrow and the escrow has not closed and title transferred to the Agency on or before such sixty (60) calendar day period, the escrow shall be considered terminated by both parties at the conclusion of such sixty (60) calendar day period. All undisbursed Agency deposits and the Related Documents then remaining in the escrow shall be immediately returned to the Agency without any other further restrictions or conditions imposed by either party under the escrow. All costs of the escrow, title reports and other miscellaneous items shall be deducted from the amounts, if any, on deposit with the Title Company to be reimbursed to the Agency or paid by the Agency from other funds and shall be added to the principal amount of the Interim Loan and secured under the Deed of Trust. S-0-clion 4. Upon a successful close of escrow and transfer of title from the Seller to the Agency of the 38 Lots and the Related Documents within the time period set forth in Section 3 above, the Title Company shall, upon verification of recordation of the Grant Deeds and issuance of the required Title Policy in favor of the Agency, disburse the remaining L565,000 to, or for the account of, the Seller as follows: 1. $200,000 for the repayment of the loan from the Bank of San Bernardino presently secured by a deed of trust on the 38 Lots; -6- I FEB 11 '93 11:39AM P.8 2. $250,000 for the repayment of various unsecured loans from the Bank of San Bernardino; A . 3. Approximately $30,000 as an estimated amount for escrow fees, all title insurance policies and the Mortgagee's Title Insurance Policy in favor of the Agency and other costs associated with the escrow, recordation of documents and the transfer of title as required hereby, plus the cost of the appraisal reports as required by this Purchase/Loan Agreement and interest payable to the Agency on the Interim Loan pursuant to Section 3; and 4— Approximately $85,000 as a net amount to be disbursed to the Seller after all amounts required pursuant to items 1 through 3above have been satisfied. The Seller shall provide at the sole cost of the Seller, which cost may be funded from the sale proceeds to be disbursed to the Seller or added to the principal balance of the Interim Loan, as applicable, a Mortgagee's Title Insurance Policy issued by the Title Company in favor of the Agency in the full principal amount of the Interim Loan as secured by the second Deed of Trust. Such Mortgagee's Title Insurance Policy shall insure that the Interim Loan has been properly recorded as a second lien as to the 38 Lots during the period of time that the escrow is in effect and subsequent thereto if the escrow does not close and the 38 Lots have not been conveyed to the Agency free and -7- ANI FEB it '93 11:40AM P.9 clear of any liens or other title exceptions within the sixty (60) calendar day period as required under Section 3 hereof. No proceeds representing the Interim Loan shall be disbursed pursuant hereto until such time as the Title Company is able to record the appropriate Deed of Trust securing the Interim Loan against the 38 Lots and insuring that the recordation of the Deed of Trust is in a second lien position as to the 38 Lots for the benefit of the Agency. The Title Company shall deliver Preliminary Title Reports and Title Insurance Commitments on the 38 Lots to the Executive Director of the Agency for review and approval by the Executive Director of the Agency and counsel to the Agency prior to the establishment of the escrow required hereunder. The Executive Director of the Agency and counsel to the Agency shall have five (5) business days after actual receipt to review such Preliminary Title Reports and Title Insurance Commitments and to approve or disapprove such documents. Any disapproval shall be in writing to the Title Company with a copy to the Seller and shall describe the items or exceptions to title that the Executive Director of the Agency and counsel to the Agency will not accept. Establishment of the escrow by the Agency, the deposit of the initial $135,000 disbursement amount and the execution of all required escrow documents shall be deemed to be approval of the Preliminary Title Reports and Title Insurance Commitments by the Agency. -8- t��n5 C FEB 11 '93 11:40AM , P.10 Upon establishment of the escrow, the Agency shall deposit $135,000 into the escrow which shall be held by the Title Company for the purpose of disbursing the proceeds of the Interim Loan and, subsequently if the escrow is able to close within the required time period, the Agency shall deposit the remaining $565,000 when requested by the Title Company within three (3) business days of the scheduled close of escrow. ` The Title Company shall apply such remaining balance towards the purchase price of the 38 Lots and the payment of all escrow and title expenses of the Title Company. Sect on 5. The Agency shall make a Loan to the Seller in an amount equal to $200,000 to be secured by a third Deed of Trust to be recorded against the Dorjil Project generally located at 1865 Clyde Street, City of San Bernardino, California and as described on Exhibit "B" as attached hereto (the "Dotil Project"). The Loan shall be for a term of one (1) year from the date of funding and shall bear interest per annum upon the outstanding principal balance at the Bank of America prime rate, as in effect from time-to-time, plus one percent (1 %) until paid in full. Dukes may prepay the Loan at any time without penalty with payments first applied to reduce the accrued and unpaid interest and then to reduce the outstanding principal balance. All unpaid principal and interest then due and owing from the Seller to the Agency upon the maturity date shall bear interest at twelve percent (12%) per annum until the Loan, both principal and interest, has been paid in full. On and after the maturity date the Agency shall be entitled -9- FEB it 193 11:41AM P. 11 to initiate a foreclosure under the Deed of Trust for the remaining principal and interest balance then due and owing. I The Seller shall provide at the sole cost of the Seller, which cost may be funded from the Loan proceeds to be disbursed to the Seller, a Mortgagee's Title Insurance Policy issued by the Title Company in favor of the Agency in the full principal amount of the Loan as secured by the third Deed of Trust. Such Mortgagee's Title Insurance Policy shall insure that the Loan has been properly recorded as a third lien as to the Dorjil Project free and clear of any liens, except for prior deeds of trust, or other title exceptions. No proceeds representing the Loan shall be disbursed pursuant hereto until such time as the Title Company is able to record the appropriate Deed of Trust securing the Loan against the Dorjil Project and insuring that the recordation of the Deed of Trust is in a third lien position as to the Dorjil Project for the benefit of the Agency. The Title Company shall deliver Preliminary Title Reports and Title Insurance Commitments on the Dorjil Project to the Executive Director of the Agency for review and approval by the Executive Director of the Agency and counsel to the Agency prior to the establishment of the escrow required hereunder, The Executive Director of the Agency and counsel to the Agency shall have five (5) business days after actual receipt to review such Preliminary Title Reports and Title Insurance Commitments and to approve or disapprove such documents. Any disapproval shall be in writing to the -10- I -. .... .rat:. ♦r .\1!f•• FEB 11 '93 11:42AM +�*� P.12 Y Title Company with a copy to the Seller and shall describe the items or exceptions to title that the Executive Director of the Agency and counsel to the Agency will not accept. Establishment of the escrow by the Agency, the deposit of the $200,000 disbursement amount and the execution of all required escrow documents shall be deemed to be approval of the Preliminary Title Reports and Title Insurance Commitments by the Agency. Upon establishment of the escrow, the Agency shall deposit $200,000 into the escrow which shall be held by the Title Company for the purpose of disbursing the proceeds of the Loan, and upon the recordation of the third Deed of Trust, the Title Company shall disburse Loan proceeds as follows: 1. Approximately $20,000 as an estimated amount for escrow fees, the Mortgagee's Title Insurance Policy in favor of the Agency and other costs associated with the escrow and recordation of documents. 2. $2,000 to the Agency as a loan origination fee. 3. Approximately$178,000 for the payment of various accounts payable subject to the joint approval by written requisition executed by both the Executive Director of the Agency and the Seller instructing the Title Company to pay such amounts. -11- FEB 11 '93 11:42AM P. 13 ee 'o�-6. This Purchase/Loan Agreement shall be effective as of the date of approval and execution by the Agency and the Seller. Funds shall not be disbursed pursuant to this Purchase�Lo n Agreement until all conditions as are set forth both in this Purchase/Loan Agreement, including the approval of the appraisal report and the Preliminary Title Reports and Title Insurance Commitments by the Executive Director of the Agency and counsel to the Agency, and in the executed escrow instructions with the Title Company have been met. Such conditions include, but are not limited to, the execution and delivery of all Grant Deeds, the Deed of Trust and other documents and instruments to be executed by the parties as may be required by the Title Company to i allow the recordation of the heed of Trust to secure the Interim Loan and to allow for the conveyance of the 38 Lots to the Agency free and clear of any title exceptions. Szction 7. The Seller shall be responsible for and shall pay any and all costs of collection, attorneys' fees, foreclosure costs and expenses that may be incurred by the Agency to preserve the security interest of the Agency as granted by the Seller pursuant to this Purchase/Loan Agreement and the Deeds of Trust on the 38 Lots and the _Dorjil Project. The Seller shall also be responsible to pay any other costs incurred by the Agency to satisfy any prior or subsequent lien to that of the Agency under the Deed of Trust so as to protect the security interests granted by the Seller to the Agency. -12- Mcp pop FEB 11 '93 11:43AM P.14 Sectioa.l. This Purchase/Loan Agreement incorporates the full understanding of the parties with respect to the matters addressed herin and shall not be deemed modified or amended by any other document, letter or verbal understanding of the parties not specifically set forth herein, The Purchase Agreement dated January 25, 1993, for the purchase by the Agency of the 38 Lots at a price equal to $900,000 is of nor further force and effect and is considered by the parties to be superseded in whole by this Purchase/Loan Agreement. "SELLER" JOHN DUKES AND VIVIAN NASH, as individuals By: ohn-Vices Vivian Nash DUKES-DUKES AND ASSOCIATES, INC. a California corporation By: Title: By: Title: -13- FEB 11 193 11:431W P.15 "PURCHASER" REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO By: Title: (SEAL) Attest: By: Secretary APPROVED AS TO FORM: By: SWOMIT00651 2111\93 1045 -14- FEB 11 193 11:44Ah1 P-16 EXMBIT NAN LEGAL DESCRTT''I'ION OF 38 LOTS s • :ice � T�.�ryyw v�lll�p2:. MI ., FEB 11 '93 11:44AM P.17 EXMIT "B" LEGAL DESCRIPTION OF DORM PROJECT Aoftk hilt & associates STATE CERTIFIED GENERAL REAL ESTATE APPRAISERS EDWARD G HILL,JR. CLAUDIA AGUILAR LYNNE A KOTTEL 93-110 February 11, 1993 Mr. Robert J. Lemley City of San Bernardino Economic Development Agency 201 North "E" Street Third Floor San Bernardino, CA 92401 Re: Real Property Located On The Northeast Corner of 16th and California Streets, San Bernardino, California APPRAISER 3 hours @ $125.00/hour $ 375.00 ASSOCIATE APPRAISER 8 hours @ $62.50/hour $ 500.00 FIELD ASSISTANT 18 hours @ $ 30.00/hour $ 540.00 TOTAL $1,415.00 1Rl17 AI(1QTLJ '•P1•• CT�CCT caw r, nrniw nn•.,.-. ... ..,. .__ ._ _ ^� _ `/ hi« & Associates STATE CERTIFIED GENERAL REAL ESTATE APPRAISERS EDWARD G HILL,JR CLAUDIA AGUILAR LYNNE A KOTTEL February 11, 1993 93-110 Mr. Kenneth Henderson 201 N. "E" Street Third Floor San Bernardino, CA 92401-1507 Re: Real Property Located On The Northeast Corner of 16th and California Streets, San Bernardino, California Dear Mr. Henderson: At your request, I have reviewed our appraisal of the above referenced real property dated September 3, 1991, made studies of subdivision land sales, as well as, inquired as to the existing supply of competing lots and new single family residential dwellings. I have also directed a survey of costs to complete construction of the finished lots. The purpose of this investigation is to reflect the recorded lot value change since our previous appraisal. As a result of these studies I believe that our valuation reported in 1991 is unchanged at $15,000 per lot. Absorption and Future Value I have considered the fact that the existing supply will, until it is absorbed, limit the potential to construct these lots in the short term (i.e. , one to two years) . Once those competing supplies Of lots and dwellings are in fact absorbed to users, the subject parcel becomes one of very few that are available for quality single family residential development. It is anticipated that due to limited supply, the price for the subject lots could advance in increments that would offset the cost of holding through that absorption period (i.e. , a $3,300 per lot for two years) . In two years a fully improved cost is estimated at $38,000 (see Exhibit A) . This cost would, at that time, fall within the parameters of the Stage III sales indicators (see ,. Exhibit B) . 1807 NORTH -D" STREET, SAN BERNARDINO, CA 92405 • (909) 881.1864 • FAX February 11, 1993 Page Two Sewer Capacity Fees It is my understanding that there is an allocation of 38 sewer capacity fees which have a cost of $3, 390 per sewer right. The value of these rights should be added to the recorded lot. A recapitulation of the recorded lot value plus sewer rights is shown below: Recapitulation of Contributing Values 38 Recorded Lots @ $15, 000 = $570,000 38 Sewer Rights @ $3,390 = $128, 820 Total Value Estimate $698,820 Say $700,000 I certify to the best of my knowledge and belief that the statements and opinions contained in this report are correct; that I have no present or contemplated future interest in the property appraised; the reported analyses, opinions and conclusions are limited only by the reported assumptions and limiting conditions found in the report dated September 3, 1991 (updated copy attached) and are my personal, unbiased professional analyses, opinions and conclusions. February 11, 1993 Page Three I further certify that my analyses, opinions and conclusions were developed, and this report has been prepared in conformity with the Uniform Standards of Professional Appraisal Practice; that I have made a personal inspection of the property that is the subject of this report; and neither the amount of my fee nor my employment is contingent upon the amount of value reported. Respectfully, Edward G. Hill, Jr. S.R.E.A. EGH:caa EXHIBIT A Recorded Lot Value Estimate $ 15,000 Interest and Costs $ 3,250 Sewer Capacity Fees $ 3,390 Construction Costs (lots only) $ 16,252* Total Cost to Create $ 37, 892 Say $38,000 *See Exhibit A-1 TRACT.,.-. 13822 EXHIBIT A-1 PRELIMINARY CONSTRUCTION COST ESTIMATE UNIT ITEM QUANITY COST TOTAL Clearing 6 Grubbing 8 ac 800.00 6,400.00 Mass Excavation 13300 CY 1.00 13,300.00 Over Excavation 6755 Cy 1.30 8,781.50 Finish Lots 38 EA 225.00 8,550.00 Erosion Control 7,500 SF 0.10 750.00 8" Pipe, VCP 1,755 LF 18.00 31,590.00 Standard Manhole 4 EA 1,800.00 7,200.00 Laterals 38 EA 350.00 13,300.00 S.B. City Water Dept. Est. LS 140,584.00 Asphalt, 0.25' 61,080 SF 0.55 33,594.00'' AC Overlay 150 TN 30.00 4,500.00 8" PCC Curb 6 Cutter 3,342 LF 8.00 26,736.00 Bandicap Ramps 5 EA 400.00 2,000.00 PCC Cross Gutter 1,678 SF 3.50 5,873.00 PCC Driveway 4,332 SF 2.75 11,913.00 PCC Sidewalk 23,070 SF 1.75 40,372.50 Subgrade Preparation 61,080 SF 0.10 6,108.00 Base Sterilization 61,080 SF 0.05 3,054.00 Crushed Rock 1,423 TN 8.00 11,384.00 Stop Signs 2 EA 350.00 700.00 Street Signs w/Pole 2 EA 400.00 800.00 Street Trees 32 EA 60.00 1,920.00 Electrical Trenching 3,400 LF 3.50 11,900.00 Elec. Energy Charges 6 EA 420.00 2,520.00 t Street Lights 8 6 EA 3,800.00 22,800.00 6' Masonry Wall 2,233 LF 28.00 62,524.00 Compaction/Grading Control LS 8,000.00 Construction Staking 38 DU 450.00 17,100.00 Monumentation 38 DU 100.00 3,800.00 City Plan Check Fee LS 12,732.68 City Inspection Fee Street-Grading LS 12,982.15 Storm Drain Fee LS 32,011.00 Traffic Systems Fee LS 5,192.32 School Fee 2.65/sf Living area 1251 LS 125,975.70 Building Permit 38 DU 1,100.00 41,800.00 Sever Connection Fee 3bdrm avg 38 Do 728.00 27,664.00 Park and Recreation 38 DU 1p57.00 40,166.00 Total Cost Without Contingencies 806,588.95 Total of Costs Subject To Contingency 476,667.41 Contingencies @ 10% 49,107.41 Total of Costs Not Subject To Contingency 327,434.85 Total Estimated Construction Cost 853,209.67 L Total Less Building Permit Fees 617,603.87 Per Lot 16,252.73 EXHIBIT B MARKET DATA SUMMARY STAGE I SALES Raw Land Data Sale # DUs No. Location Date Price Acres DU la Wly/S Cajon 81. , 10/91 $ 678,500 63 $ 10,770 S/0 Roadrunner 17.06 262-201-05 & 15 lb Wly/S Cajon B1. , 8/91 $ 320,000 38 $ 8,424 S/O Roadrunner 10.32 262-201-03 Combined Sales $ 998,500 101 $ 9,886 Comments: Two purchases of raw land parcels by Cimarron Ranch adjacent to built-out tract; Data No. lb inferior due to adjacency of flood control channel. Density: 3.69 DUs per acre. STAGE II SALES Land With Tentative or Final Map 2. Terra Vista, 5/92 $1, 976,000 110 $ 17,964 NW/O Live Oak 22.77 239-381-12 Comments: This is an REO sale that would not typically be considered for comparison. It is included due to the limited sales data available. This parcel had a final map and the sale included paid school fees and building permits. Density: acre. 4.83 DUs per EXHIBIT B (Continued) STAGE III SALES Finished Lots Data Sale # DUs No. Location Date Price Acres S/DU 3. Hemlock Ave. , 4/92 $4,513,000 133 $33,932 N/0 Baseline 39.31 228-102-04, 06, 08, 15 & 16 Comments: This is a sale by Pavillion Homes of a Stage III ® property in Fontana. The sale price included final mapping and infrastructure. Density: 3.38 DUB per acre. 4. Heritage 2/92 $4,344,000 98 $44, 327 Village 10. 12 1100-121 Comments: Sale by Ahmanson Developers of finished lots and four completed models. Density: 9.68 DUB per acre. r THIS APPRAISAL IS SUBJECT TO THE FOLLOWING LIMITING CONDITIONS The LIABILITY of Edward G. Hill, Real Estate Appraiser, employees and subcontractors is limited to the client only and to the fee received by the firm. There is no accountability, obligation or liability to any third party. In case of limited partnerships or syndication offerings or stock offerings in real estate, client agrees - by performance of fee and acceptance of the appraisal - that in any lawsuit brought by any third party, any and all awards, settlements of any type in such a suit, regardless of outcome, will hold Appraiser completely harmless. The LEGAL DESCRIPTION furnished by the client is assumed to be correct. No RESPONSIBILITY is assumed for matters legal in character, nor does the APPRAISER render any opinion as to the title, which is assumed to be good. All existing liens and encumbrances have been disregarded. The property is appraised as though free and clear and under responsible ownership and management. INFORMATION identified in this report as having been furnished by others is believed to be reliable but there is no assumption of responsibility for its accuracy. MAPS, sketches and exhibits in the appraisal report are included to assist the reader in locating , visualizing and characterizing the property. NO SURVEY of the property has been made; no responsibility is assumed in connection with such matters. • ALL CONCLUSIONS and opinions within the appraisal report are those of the Appraiser whose signature appears on the report. No change of any item shall be made by anyone other than the Appraiser; no responsibility is assumed if unauthorized changes are made. POSSESSION of an appraisal report, or copy, does not carry with it the right of publication, nor may it be used for any purpose by any but the client without previous written consent of the appraiser or the client and in any event, only with proper qualifications. DISTRIBUTION OF THE TOTAL VALUATION in this report between land and improvements applies only to the program of utilization delineated in the report. The separate valuations for land and buildings must not be used in conjunction with any other appraisal and are invalid if so used. The VALUATION assumes that there are no significant existing problems , such as zoning , title and/or engineering that, would hinder the development of the property. INSPECTION of the land and improvements of a property by the APPRAISER is visual and does not include any specific engineering or construction expertise. The appraisal assumes that properties are usefully developed and constructed under building codes, except as noted. Hidden factors such as geologic faults, substrata deficiencies , toxic materials in soil or subsoil are unknown unless advised by engineers and so noted. The appraisal is limited in scope to those qualities which can be observed: wear and tear of improvements and obvious deficiencies. Those qualities and conditions which are not visible , such as roof condition or deterioration of structural material, does not lie within the scope of the appraisal, nor are the condition and utility of mechanical equipment, such as heating and air conditioning which require continuous maintenance. These deficiencies often require specific expertise and fall outside the responsibility of the appraisal. Unless OTHERWISE STATED in the appraisal report, the signatory has no knowledge of the presence or absence of toxic materials and/or urea-formaldehyde foam insulation in existing improvements. If such exist, value may be adversely affected and re-appraisal at additional cost may be necessary to estimate the effects of such toxic materials on value. The value estimate is predicated on the assumption that no hazardous materials exist, and no responsibility is assumed for any such conditions. The client is urged to retain an expert in this field if he suspects toxic or hazardous materials on the property. No RESPONSIBILITY is assumed for termite inspection, surveys or occupancy permits, nor are costs associated with obtaining these or any other deficiencies discovered before or after they are obtained included in the value estimate. No RESPONSIBILITY is assumed for costs or conse- quences arising from the need or lack of need for flood hazard insurance. No ENVIRONMENTAL or IMPACT studies, special market studies or analysis, highest and best use analytical study or feasibility analysis has been made or reported unless otherwise specified at the time of the agreement for services and report. • MARKET VALUE estimates and costs applied to estimates are as of the date of the valuation as shown on the report. Dollar amounts used to indicate value are based on the purchasing power and price of the dollar as of the date of valuation. 0 I FURNISHINGS and equipment, personal property, or business operations, except as specifically noted and/or usually assumed to be part of real estate, have been disregarded. Only REAL ESTATE is considered in the value estimate unless otherwise stated. . IMPROVEMENTS proposed and to be considered as part of the value estimate, if any, on or off-site, as well as any necessary repairs are considered for purposes of appraisal to be completed in good, workmanlike manner according to information submitted and/or considered in the value estimate . In the case of proposed construction, the estimate of market value applies as of the date shown, as proposed and as if completed and operating at levels shown and projected. In such a case, the value estimate is subject to change upon inspection of property after construction is completed. The ESTIMATED MARKET VALUE, as defined in the appraisal, is always subject to change with market conditions: exposure, time, promotional effort, terms, motivation, and conditions of offers affecting value. The value estimate considers relative physical and economic attractiveness and productivity of the property in the marketplace. In appraisals involving CAPITALIZATION OF INCOME benefits, the estimate of market value, investment value, or value-in-use reflects income benefits derived from the Appraiser's interpretation of income, yields and other factors generated among general and specific client and market information. These are estimated as of the appraisal date with reasonable expectations in income over the succeeding 12 months. However, it is understood that these are subject to change or differing outcomes because of the dynamic nature of the real estate market. The ESTIMATE OF VALUE is based on MARKET VALUE and is neither wholly nor in part based upon the race, color or national origin of the present owners nor occupants of the properties in the vicinity of appraised property. The APPRAISAL REPORT and VALUE ESTIMATE is subject to change if any physical, legal, tax or financing element becomes different than that assumed at the time of the appraisal. Value estimates are based on present tax laws without assumption of future changes. The FEE for this appraisal is for the service rendered and not for preparation of the report or the report itself, In the case of receipt of pertinent, unknown INFORMA- TION after the date of valuation, the APPRAISER reserves the right to alter statements , analysis, conclusions and/or value estimates. ACCEPTANCE OF, AND/OR USE OF, THE APPRAISAL REPORT BY THE CLIENT OR ANY THIRD PARTY CONSTITUTES ACCEPTANCE OF THE CONDITIONS LISTED ABOVE. THE APPRAISER'S LIABILITY EXTENDS ONLY TO THE CLIENT, NOT SUBSEQUENT PARTIES OR USERS, and is limited to the amount of fee received by the appraiser. R. g EDWARD G. HILL, JR. CERTIFIED GENERAL REAL ESTATE APPRAISER EDUCATION UNIVERSITY: Bachelor of Science, University of California at Los Angeles, 1955 : Major: Business Administration specializing in Real Estate. CONTINUING: San Bernardino Valley College and Appraisal and Real Estate Architectural Design, Extension, University of California ( 1955 - 1958) . Seminars in Real Estate Education, California State Polytechnic University and University of California, Los Angeles Extension ( 1960 - 1964 ) . Appraisal Seminars, American Right of Way Association ( 1955 - 1960) . REAL ESTATE TEACHING EXPERIENCE Instructor, Program for Real Estate Certificate: Univer- sity of California, Riverside : "Principles of Appraisal, " "Appraising for Investment Purposes, " "Advanced Real Estate Appraisal, " and "Commercial and Investment Properties. " Instructor, Extended Day: San Bernardino Valley College "Principles of Appraisal" and "Advanced Real Estate. " State of California real estate teaching credentials issued February 1964 for life. Aoki AAML EXPERIENCE January 1960 Self-employed: Independent Appraiser To Date and Land Acquisition Contractor. August 1958 to Right of Way Agent, Acquisition and January 1960 Appraisals, Riverside County Flood Control District. April 1955 to Right of Way Agent, Acquisition and August 1958 Appraisals, State of California, Division of Highways. COURT TESTIMONY Qualified as expert witness in valuation. I Testified in Superior Courts in the counties of San Bernardino, Riverside, Orange, San Diego and Los Angeles. Testified in Bankruptcy Courts in the counties of San Bernardino and Los Angeles. PERSONAL INVESTMENTS AND PROJECTS Successful planning, development and/or management: Residential Subdivisions: Lot division and improve- ments for sale. Restaurant: Construction, leasing and operation. Continuing owner and lease operations. Mobile Home Parks: Construction, leasing and manage- ment. Currently managing partner in two parks. Office Building: Construction, leasing and management. Recent rehabilitation awarded "Best Rehabilitation in San Bernardino, 1990. " Motel: Construction and management. Current project in planning stage. Service Station: Ownership and leasing. Apartments: Construction and management. Shopping Center: Construction and management. Neigh- borhood shopping center, Colton, in the planning stage. REAL ESTATE TRANSACTIONS: Appointed referee for a major land parcel in Colton now developed with a Stater Bros . Shopping Center and residential units. Currently appointed receiver for a shopping center, Lake Elsinore, California REAL ESTATE ASSIGNMENTS: Residential: Single family, apartments and condo- miniums. Commercial: Office buildings, commercial centers, free standing and strip centers, motels, restaurants, convenience stores, service stations. s ecial industrial & D uses, general and P Indust ia R aeries, general uses Groves, d riculturalo ravel operations r and electrical Rock and g sewe Minin Stidles • Water . ib 1 it easements sYs leasehOld, Fee acquisition Domain: Eminent on• mitigate Board of Realtors. . dino Ag,FILIATIGNS the San Berner Bernardino Broker Member °f er, Bank °f San B enior Residential pdvi.sorY Board Memo to Appraisers lS Society of R 19 199 0)to 0 Appraiser) 147759 FIRST AMERICAN TITLE INSURANCE COMPANY 323 COURT STREET (P. 0. BOX 6327) SAN BERNARDINO, CA 92412 (909) 889-0311 ADAMS ESCROW ATTENTION: LEE ANN ADAMS YOUR REFERENCE: 71612-A OUR ORDER NO. 147759 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 OF SAID POLICY OR POLICIES ARE SET FORTH IN EXHIBIT "A" ATTACHED. COPIES OF THE POLICY FORMS SHOULD BE READ. THEY ARE AVAILABLE FROM THE OFFICE WHICH ISSUED THIS REPORT. THIS REPORT (AND ANY SUPPLEMENTS OR AMENDMENTS HERETO) IS ISSUED SOLELY FOR THE PURPOSE OF FACILITATING THE ISSUANCE OF A POLICY OF TITLE INSURANCE AND NO LIABILITY IS ASSUMED HEREBY. IF IT IS DESIRED THAT LIABILITY BE ASSUMED PRIOR TO THE ISSUANCE OF A POLICY OF TITLE INSURANCE, A BINDER OR COMMITMENT SHOULD BE REQUESTED. DATED AS OF JANUARY 13, 1993 AT 7:30 A.M. MIKE HOWES SR. TITLE OFFICER - SPECIAL PROJECTS PAGE 1 147759 THE FORM OF POLICY OF TITLE INSURANCE CONTEMPLATED BY THIS REPORT IS: TITLE TO SAID ESTATE OR INTEREST AT THE DATE HEREOF IS VESTED IN: JD1-86, A CALIFORNIA LIMITED PARTNERSHIP, WHO ACQUIRED TITLE AS JD1-86, A CALIFORNIA PARTNERSHIP, AS TO PARCEL NO. A; AND DORJIL II, A CALIFORNIA LIMITED PARTNERSHIP, AS TO PARCEL NO. B THE ESTATE OR INTEREST IN THE LAND HEREINAFTER DESCRIBED OR REFERRED TO COVERED BY THIS REPORT IS: A FEE AS TO PARCEL NOS. 'A' AND 'B-1 ' ; AND AN EASEMENT AS TO PARCEL NO. 'B-2 ' THE LAND REFERRED TO IN THIS REPORT IS SITUATED IN THE STATE OF CALIFORNIA, COUNTY OF SAN BERNARDINO, AND IS DESCRIBED AS FOLLOWS: PARCEL NO. A: A f A LOTS 1 THROUGH 38, INCLUSIVE, TRACT NO. 13822, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 240 OF MAPS, PAGES 49 AND 50, RECORDS OF SAID COUNTY. PARCEL NO. B-1: LOT 1 AS PER PLAT ATTACHED TO CERTIFICATE OF COMPLIANCE FOR LOT LINE ADJUSTMENT NO. 85-29, RECORDED JANUARY 10, 1986, INSTRUMENT NO. 86-007793, OFFICIAL RECORDS, BEING FURTHER DESCRIBED THEREIN AS FOLLOWS: PORTIONS OF LOTS 35 AND 36, ACCORDING TO MAP OF MOUNT VERNON ORANGE GROVE AND FRUIT COMPANY'S LAND, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 12 OF MAPS, PAGE 16, RECORDS OF SAID COUNTY, EXCEPTING THEREFROM THE WEST 32 FEET OF LOT 36, FURTHER DESCRIBED AS FOLLOWS: COMMENCING AT THE INTERSECTION OF THE CENTERLINES OF CALIFORNIA STREET AND 19TH STREET; THENCE 88 DEG. 44 ' 14" EAST ALONG SAID CENTERLINE OF 19TH STREET, 646 .68 FEET; THENCE SOUTH 0 DEG. 00 ' 47 " EAST, A DISTANCE OF 30 .00 FEET TO THE TRUE POINT OF BEGINNING; THENCE SOUTH 0 DEG. 00 ' 47" EAST, A DISTANCE OF 243.22 PAGE 2 147759 FEET; THENCE NORTH 80 DEG. 00 ' 00" WEST, A DISTANCE OF 172 . 09 FEET; THENCE SOUTH A DISTANCE OF 133. 10 FEET; THENCE NORTH 80 DEG. 00 ' 00" WEST, A DISTANCE OF 86 .50 FEET; THENCE SOUTH 10 DEG. 00 ' 00" WEST, A DISTANCE OF 144 .00 FEET; THENCE NORTH 80 DEG. 00 ' 00" WEST, A DISTANCE OF 125 .75 FEET; THENCE SOUTH A DISTANCE OF 184.95 FEET; THENCE NORTH 89 DEG. 49 ' 24" WEST, A DISTANCE OF 210.91 FEET; THENCE NORTH 0 DEG. 01 ' 37" WEST PARALLEL TO AND A DISTANCE OF 32 . 00 FEET EASTERLY FROM THE CENTERLINE OF CALIFORNIA STREET, A DISTANCE OF 618.41 FEET TO THE BEGINNING OF A CURVE (DELTA = 90 DEG. 17 ' 23", R = 20.00 FEET, L = 31.52 FEET, T = 20. 10 FEET) ; THENCE SOUTH 89 DEG. 44 ' 14" EAST, A DISTANCE OF 594 .57 FEET TO THE POINT OF BEGINNING. PARCEL NO. B-2: A NON—EXCLUSIVE APPURTENANT EASEMENT FOR THE USE OF PARKING AREAS, DRIVES, WALKWAYS AND SIDEWALKS FOR PEDESTRIAN AND VEHICULAR INGRESS AND EGRESS OVER THE FOLLOWING DESCRIBED PROPERTY: PORTIONS OF LOTS 35 AND 36, ACCORDING TO MAP OF MOUNT VERNON ORANGE GROVE AND FRUIT COMPANY' S LAND, IN THE CITY OF SAN BERNARDINO, COUNTY OF SAN BERNARDINO, STATE OF CALIFORNIA, AS PER PLAT RECORDED IN BOOK 12 OF MAPS, PAGE 16, RECORDS OF SAID COUNTY, DESCRIBED AS FOLLOWS: n COMMENCING AT THE INTERSECTION OF THE CENTERLINES OF CALIFORNIA STREET AND 19TH STREET; THENCE SOUTH 89 DEG. 44 ' 14" EAST, ALONG SAID CENTERLINE OF 19TH STREET, 646 . 68 FEET; THENCE SOUTH 0 DEG. 00 ' 47" EAST, A DISTANCE OF 273.22 FEET TO THE TRUE POINT OF BEGINNING; THENCE SOUTH 0 DEG. 00 ' 47" , A DISTANCE OF 394 . 37 FEET; THENCE NORTH 89 DEG. 49 ' 24" WEST, A DISTANCE OF 403.60 FEET; THENCE NORTH A DISTANCE OF 184 . 95 FEET; THENCE SOUTH 80 DEG. 00 ' 00" EAST, A DISTANCE OF 125.75 FEET; THENCE NORTH 10 DEG. 00 ' 00" EAST, A DISTANCE OF 144 .00 FEET; THENCE SOUTH 80 DEG. 00 00" EAST, A DISTANCE OF 86 .50 FEET; THENCE NORTH A DISTANCE OF 133. 10 FEET; THENCE SOUTH 80 DEG. 00 ' 00" EAST, A DISTANCE OF 172 .09 FEET TO THE POINT OF BEGINNING. PAGE 3 "C 147759 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 FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32. 15 DELINQUENT. TOTAL AMOUNT $35.36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-43 TAX BILL NO. 920180197 EXEMPTION: NONE (AFFECTS LOT 1 OF PARCEL NO. A) 2. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35.36 SECOND INSTALLMENT: $32. 13 CODE 7117, PARCEL NO. 269-371-44 TAX BILL NO. 920180198 EXEMPTION: NONE (AFFECTS LOT 2 OF PARCEL NO. A) s 3. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35. 36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-45 TAX BILL NO. 920180199 EXEMPTION: NONE (AFFECTS LOT 3 OF PARCEL NO. A) 4 . GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32. 15 DELINQUENT. TOTAL AMOUNT $35. 36 SECOND INSTALLMENT: $32. 13 CODE 7117, PARCEL NO. 269-371-46 TAX BILL NO. 920180200 EXEMPTION: NONE (AFFECTS LOT 4 OF PARCEL NO. A) PAGE 4 147759 5. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35.36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-47 TAX BILL NO. 920180201 EXEMPTION: NONE (AFFECTS LOT 5 OF PARCEL NO. A) 6 . GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35.36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-48 TAX BILL NO. 920180202 EXEMPTION: NONE (AFFECTS LOT 6 OF PARCEL NO. A) 7. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35. 36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-49 TAX BILL NO. 920180203 EXEMPTION: NONE (AFFECTS LOT 7 OF PARCEL NO. A) 8. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 16 DELINQUENT. TOTAL AMOUNT $35.37 SECOND INSTALLMENT: $32. 15 CODE 7117, PARCEL NO. 269-371-50 TAX BILL NO. 920180204 EXEMPTION: NONE (AFFECTS LOT 8 OF PARCEL NO. A) PAGE 5 Y� 147759 9 . GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 16 DELINQUENT. TOTAL AMOUNT $35.37 SECOND INSTALLMENT: $32 . 15 CODE 7117, PARCEL NO. 269-371-51 TAX BILL NO. 920180205 EXEMPTION: NONE (AFFECTS LOT 9 OF PARCEL NO. A) 10. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 16 DELINQUENT. TOTAL AMOUNT $35 .37 SECOND INSTALLMENT: $32 . 15 CODE 7117, PARCEL NO. 269-371-52 TAX BILL NO. 920180206 EXEMPTION: NONE (AFFECTS LOT 10 OF PARCEL NO. A) 11. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 16 DELINQUENT. TOTAL AMOUNT $35. 37 SECOND INSTALLMENT: $32 . 15 CODE 7117, PARCEL NO. 269-371-53 TAX BILL NO. 920180207 EXEMPTION: NONE (AFFECTS LOT 11 OF PARCEL NO. A) 12. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35. 36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-54 TAX BILL NO. 920180208 EXEMPTION: NONE (AFFECTS LOT 12 OF PARCEL NO. A) PAGE 6 147759 13. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35. 36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-55 TAX BILL NO. 920180209 EXEMPTION: NONE (AFFECTS LOT 13 OF PARCEL NO. A) 14 . GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 16 DELINQUENT. TOTAL AMOUNT $35.37 SECOND INSTALLMENT: $32 . 15 CODE 7117, PARCEL NO. 269-371-56 TAX BILL NO. 920180210 EXEMPTION: NONE (AFFECTS LOT 14 OF PARCEL NO. A) 15. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 16 DELINQUENT. TOTAL AMOUNT $35 . 37 SECOND INSTALLMENT: $32 . 15 CODE 7117, PARCEL NO. 269-371-57 TAX BILL NO. 920180211 EXEMPTION: NONE (AFFECTS LOT 15 OF PARCEL NO. A) 16. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 16 DELINQUENT. TOTAL AMOUNT $35. 37 SECOND INSTALLMENT: $32. 15 CODE 7117, PARCEL NO. 269-371-58 TAX BILL NO. 920180212 EXEMPTION: NONE (AFFECTS LOT 16 OF PARCEL NO. A) PAGE 7 r 0 147759 17. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 16 DELINQUENT. TOTAL AMOUNT $35. 37 SECOND INSTALLMENT: $32 . 15 CODE 7117, PARCEL NO. 269-371-59 TAX BILL NO. 920180213 EXEMPTION: NONE (AFFECTS LOT 17 OF PARCEL NO. A) 18. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35.36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-60 TAX BILL NO. 920180214 EXEMPTION: NONE (AFFECTS LOT 18 OF PARCEL NO. A) 19 . GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35 . 36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-61 TAX BILL NO. 920180215 EXEMPTION: NONE (AFFECTS LOT 19 OF PARCEL NO. A) 20. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35.36 SECOND INSTALLMENT: $32. 13 CODE 7117, PARCEL NO. 269-371-62 TAX BILL NO. 920180216 EXEMPTION: NONE (AFFECTS LOT 20 OF PARCEL NO. A) PAGE 8 - 147759 21. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35. 36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-63 TAX BILL NO. 920180217 EXEMPTION: NONE (AFFECTS LOT 21 OF PARCEL NO. A) 22 . GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35 . 36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-64 TAX BILL NO. 920180218 EXEMPTION: NONE (AFFECTS LOT 22 OF PARCEL NO. A) 23. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 .66 DELINQUENT. TOTAL AMOUNT $35.93 SECOND INSTALLMENT: $23 . 64 CODE 7117, PARCEL NO. 269-371-65 TAX BILL NO. 920180219 EXEMPTION: NONE (AFFECTS LOT 23 OF PARCEL NO. A) 24. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32. 15 DELINQUENT. TOTAL AMOUNT $35. 36 SECOND INSTALLMENT: $32. 13 CODE 7117, PARCEL NO. 269-371-66 TAX BILL NO. 920180220 EXEMPTION: NONE (AFFECTS LOT 24 OF PARCEL NO. A) PAGE 9 i 147759 25. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $82 .65 DELINQUENT. TOTAL AMOUNT $90.91 SECOND INSTALLMENT: $82 . 63 CODE 7117, PARCEL NO. 269-371-67 TAX BILL NO. 920180221 EXEMPTION: NONE (AFFECTS LOT 25 OF PARCEL NO. A) 26 . GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35. 36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-68 TAX BILL NO. 920180222 EXEMPTION: NONE (AFFECTS LOT 26 OF PARCEL NO. A) 27. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: Sk FIRST INSTALLMENT: $32. 15 DELINQUENT. TOTAL AMOUNT $35. 36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-69 TAX BILL NO. 920180223 EXEMPTION: NONE (AFFECTS LOT 27 OF PARCEL NO. A) 28. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35 . 36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-70 TAX BILL NO. 920180224 EXEMPTION: NONE (AFFECTS LOT 28 OF PARCEL NO. A) PAGE 10 147759 29. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35.36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-71 TAX BILL NO. 920180225 EXEMPTION: NONE (AFFECTS LOT 29 OF PARCEL NO. A) 30. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35. 36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-72 TAX BILL NO. 920180226 EXEMPTION: NONE (AFFECTS LOT 30 OF PARCEL NO. A) 31. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35 . 36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-73 TAX BILL NO. 920180227 EXEMPTION: NONE (AFFECTS LOT 31 OF PARCEL NO. A) 32. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35.36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-74 TAX BILL NO. 920180228 EXEMPTION: NONE (AFFECTS LOT 32 OF PARCEL NO. A) PAGE 11 ��-�2- 33. 147759 GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35.36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-75 TAX BILL NO. 920180229 EXEMPTION: NONE (AFFECTS LOT 33 OF PARCEL NO. A) 34 . GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35. 36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-76 TAX BILL NO. 920180230 EXEMPTION: NONE (AFFECTS LOT 34 OF PARCEL NO. A) 35. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: �. FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35 . 36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-77 TAX BILL NO. 920180231 EXEMPTION: NONE (AFFECTS LOT 35 OF PARCEL NO. A) 36. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35.36 SECOND INSTALLMENT: $32. 13 CODE 7117, PARCEL NO. 269-371-78 TAX BILL NO. 920180232 EXEMPTION: NONE (AFFECTS LOT 36 OF PARCEL NO. A) PAGE 12 0 147759 37. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32. 15 DELINQUENT. TOTAL AMOUNT $35.36 SECOND INSTALLMENT: $32. 13 CODE 7117, PARCEL NO. 269-371-79 TAX BILL NO. 920180233 EXEMPTION: NONE (AFFECTS LOT 37 OF PARCEL NO. A) 38. GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $32 . 15 DELINQUENT. TOTAL AMOUNT $35.36 SECOND INSTALLMENT: $32 . 13 CODE 7117, PARCEL NO. 269-371-80 TAX BILL NO. 920180234 EXEMPTION: NONE (AFFECTS LOT 38 OF PARCEL NO. A) 39 . GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1992-93: FIRST INSTALLMENT: $19,645.45 (PAID) SECOND INSTALLMENT: $19,645.43 CODE 7117, PARCEL NO. 269-361-43 TAX BILL NO. 920180155 EXEMPTION: NONE (AFFECTS PARCEL NO. B) 40. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-43) (AFFECTS LOT 1 OF PARCEL NO. A) PAGE 13 4 147759 41. TAX—DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49.23. (APN: 269-371-44) (AFFECTS LOT 2 OF PARCEL NO. A) 42 . TAX—DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-45) (AFFECTS LOT 3 OF PARCEL NO. A) 43. TAX—DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . r I. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-46) (AFFECTS LOT 4 OF PARCEL NO. A) 44 . TAX—DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-47) (AFFECTS LOT 5 OF PARCEL NO. A) 45. TAX—DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49.23. (APN: 269-371-48) (AFFECTS LOT 6 OF PARCEL NO. A) a EL PAGE 14 147759 46 . TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-49) (AFFECTS LOT 7 OF PARCEL NO. A) 47. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .24. (APN: 269-371-50) (AFFECTS LOT 8 OF PARCEL NO. A) 48. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .24 . (APN: 269-371-51) (AFFECTS LOT 9 OF PARCEL NO. A) 49 . TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49.24 . (APN: 269-371-52) (AFFECTS LOT 10 OF PARCEL NO. A) 50. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .24. (APN: 269-371-53) (AFFECTS LOT 11 OF PARCEL NO. A) PAGE 15 • 0 147759 51. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-54) (AFFECTS LOT 12 OF PARCEL NO. A) 52. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-55) (AFFECTS LOT 13 OF PARCEL NO. A) 53. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .24 . (APN: 269-371-56) (AFFECTS LOT 14 OF PARCEL NO. A) 54 . TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .24 . (APN: 269-371-57) (AFFECTS LOT 15 OF PARCEL NO. A) 55. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .24 . (APN: 269-371-58) (AFFECTS LOT 16 OF PARCEL NO. A) PAGE 16 I 147759 56 . TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .24 . (APN: 269-371-59) (AFFECTS LOT 17 OF PARCEL NO. A) 57. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-60) (AFFECTS LOT 18 OF PARCEL NO. A) 58. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-61) (AFFECTS LOT 19 OF PARCEL NO. A) 59 . TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-62) (AFFECTS LOT 20 OF PARCEL NO. A) 60. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-63) (AFFECTS LOT 21 OF PARCEL NO. A) PAGE 17 147759 61. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-64) (AFFECTS LOT 22 OF PARCEL NO. A) 62. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 . 86 . (APN: 269-371-65) (AFFECTS LOT 23 OF PARCEL A) 63. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23 . (APN: 269-371-66) (AFFECTS LOT 24 OF PARCEL NO. A) 64. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-67) (AFFECTS LOT 25 OF PARCEL NO. A) 65. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-68) (AFFECTS LOT 26 OF PARCEL NO. A) PAGE 18 147759 66. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-69) (AFFECTS LOT 27 OF PARCEL NO. A) 67 . TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-70) (AFFECTS LOT 28 OF PARCEL NO. A) 68. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-71) (AFFECTS LOT 29 OF PARCEL NO. A) 69. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49.23. (APN: 269-371-72) (AFFECTS LOT 30 OF PARCEL NO. A) 70. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-73) (AFFECTS LOT 31 OF PARCEL NO. A) PAGE 19 147759 71. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-74) (AFFECTS LOT 32 OF PARCEL NO. A) 72 . TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49.23. (APN: 269-371-75) (AFFECTS LOT 33 OF PARCEL NO. A) 73. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92 . ,E AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-76) (AFFECTS LOT 34 OF PARCEL NO. A) 74. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-77) (AFFECTS LOT 35 OF PARCEL NO. A) 75. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49.23. (APN: 269-371-78) (AFFECTS LOT 36 OF PARCEL NO. A) W E PAGE 20 0 147759 76. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-79) (AFFECTS LOT 37 OF PARCEL NO. A) 77. TAX-DEFAULTED GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 1991-92. AMOUNT TO REDEEM PRIOR TO JANUARY 31, 1993, $49 .23. (APN: 269-371-80) (AFFECTS LOT 38 OF PARCEL NO. A) 78. THE LIEN OF SUPPLEMENTAL TAXES, IF ANY, ASSESSED PURSUANT TO CHAPTER 3.5 COMMENCING WITH SECTION 75 OF THE CALIFORNIA REVENUE AND TAXATION CODE. P EL 79. THE EFFECT OF MAP OF CITYWIDE ASSESSMENT NO. 994 AND THE LIEN OF ANY TAXES OR ASSESSMENTS LEVIED BY OR BONDS ISSUED BY CITY OF SAN BERNARDINO, RECORDED IN MAP BOOK 60, PAGES 57 TO 61, INCLUSIVE, OF ASSESSMENT MAPS. THIS IS COLLECTED ON THE ANNUAL TAX BILL UNDER GENERAL SPECIAL TAXES EACH YEAR FOR STREET LIGHTING AND STREET SWEEPING AND CANNOT BE PAID OFF. 80. VARIOUS AGREEMENTS AND CONDITIONS AS TO WATER AND EASEMENTS AS SET FORTH IN THE INSTRUMENT EXECUTED BY A. A. COX, J. H. COX AND THE SAN BERNARDINO NATIONAL BANK, RECORDED OCTOBER 30, 1900, IN BOOK 293, PAGE 205, OF DEEDS. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. w PAGE 21 147759 81. AN EASEMENT FOR ABOVE GROUND OR UNDERGROUND CONDUITS OR BOTH AND INCIDENTAL PURPOSES, RECORDED MARCH 21, 1983, INSTRUMENT NO. 83- 059237, OFFICIAL RECORDS. SAID EASEMENT IS DESCRIBED AS FOLLOWS: A NON-EXCLUSIVE EASEMENT (EXCLUSIVE OF BUILDING SITES) OF LOTS 35 AND 36, ACCORDING TO MAP OF MOUNT VERNON ORANGE GROVE AND FRUIT COMPANY'S LAND, AS PER PLAT RECORDED IN BOOK 12 OF MAPS, PAGE 16, RECORDS OF SAID COUNTY. EXCEPTING THEREFROM THE WEST 30.00 FEET OF LOT 36 . SAID EASEMENT WAS CONVEYED TO GENERAL TELEPHONE COMPANY OF CALIFORNIA, A CORPORATION BY SUCH DOCUMENT. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. (AFFECTS, PARCEL NO. B) 82. AN EASEMENT FOR THE HEREINAFTER SET FORTH SPECIFIC PURPOSE AND INCIDENTAL PURPOSES, RECORDED MAY 2, 1983, INSTRUMENT NO. 83- 094445, OFFICIAL RECORDS. SAID EASEMENT IS FOR PIPE LINES AND IS DESCRIBED AS FOLLOWS: THOSE PORTIONS OF LOTS 35 AND 36 AS SHOWN ON MAP OF MOUNT VERNON ORANGE GROVE AND FRUIT COMPANY LANDS, RECORDED IN BOOK 12 OF MAPS, PAGE 16, RECORDS OF SAID COUNTY, MORE PARTICULARLY DESCRIBED AS FOLLOWS: IT IS EXPRESSLY AGREED THAT ALL GAS COMPANY PLANT FIXTURES PLACED ON THE ABOVE DESCRIBED LAND, UNDER THE RIGHT GRANTED BY THIS EASEMENT, SHALL BE LOCATED WITH THE APPROVAL OF THE GRANTORS HEREIN AND WHEN SO PLACED SHALL BECOME THE CENTER OF AN EASEMENT AREA EXTENDING 5 FEET ON EACH SIDE OF THE CENTERLINE OF SAID PLANT FIXTURES. SAID EASEMENT WAS CONVEYED TO SOUTHERN CALIFORNIA GAS COMPANY, A CORPORATION BY SUCH DOCUMENT. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. (AFFECTS PARCEL NO. B) PAGE 22 147759 83 . AN EASEMENT FOR THE HEREINAFTER SET FORTH SPECIFIC PURPOSE AND INCIDENTAL PURPOSES, RECORDED JULY 29, 1983, INSTRUMENT NO. 83- 172137, OFFICIAL RECORDS. SAID EASEMENT IS FOR UNDERGROUND ELECTRICAL SUPPLY SYSTEMS AND COMMUNICATION SYSTEMS AND IS DESCRIBED THEREIN. REFERENCE IS MADE TO THE RECORD OF SAID INSTRUMENT FOR A PARTICULAR DESCRIPTION OF THE LAND AFFECTED BY SAID EASEMENT. SAID EASEMENT WAS CONVEYED TO SOUTHERN CALIFORNIA EDISON COMPANY, A CORPORATION, ITS SUCCESSORS AND ASSIGNS BY SUCH DOCUMENT. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. (AFFECTS PARCEL NO. B) 84 . THE EFFECT OF THE "NOTICE OF MAINTENANCE AND UPKEEP AND/OR ABATEMENT OF NUISANCE ASSESSMENT AND LIEN CREATED ON REAL PROPERTY" AS EVIDENCED BY DOCUMENT RECORDED AUGUST 29, 1983, INSTRUMENT NO. 83-199664, OFFICIAL RECORDS, IN THE AMOUNT OF $397.78. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. (AFFECTS PARCEL NO. A) 85. TERMS, CONDITIONS AND PROVISIONS OF THAT CERTAIN PROPERTY OWNER'S PARTICIPATION AGREEMENT, DATED JUNE 20, 1983, BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO, A PUBLIC BODY CORPORATE AND POLITIC AND DORJIL LTD. , A CALIFORNIA LIMITED PARTNERSHIP, RECORDED OCTOBER 16, 1984, INSTRUMENT NO. 84-247592, OFFICIAL RECORDS. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. (AFFECTS PARCEL NO. B) PAGE 23 147759 AN AMENDMENT TO PROPERTY OWNER'S PARTICIPATION AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO, A PUBLIC BODY CORPORATE AND POLITIC AND DORJIL LTD. , A CALIFORNIA LIMITED PARTNERSHIP, RECORDED DECEMBER 3, 1984, INSTRUMENT NO. 84-288086, OFFICIAL RECORDS. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. 86. TERMS, CONDITIONS AND PROVISIONS OF THAT CERTAIN COVENANT AND AGREEMENT, UTILITY EASEMENTS BY DORJIL COMPANY, A LIMITED PARTNERSHIP, RECORDED JANUARY 10, 1986, INSTRUMENT NO. 86-007794, OFFICIAL RECORDS. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. (AFFECTS PARCEL NO. B) 87 . TERMS, CONDITIONS AND PROVISIONS OF THAT CERTAIN COVENANT AND AGREEMENT ACCESS EASEMENT BY DORJIL COMPANY, A LIMITED PARTNERSHIP RECORDED JANUARY 10, 1986, INSTRUMENT NO. 86-007795, OFFICIAL RECORDS. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. (AFFECTS PARCEL NO. B) 88. TERMS, CONDITIONS AND PROVISIONS OF THAT CERTAIN COVENANT AND AGREEMENT DRAINAGE ACCEPTANCE BY DORJIL COMPANY, A LIMITED PARTNERSHIP RECORDED JANUARY 10, 1986, INSTRUMENT NO. 86-007796, OFFICIAL RECORDS. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. (AFFECTS PARCEL NO. B) PAGE 24 89 . 147 759 TERMS, CONDITIONS AND PROVISIONS OF THAT CERTAIN LOAN AGREEMENT, DATED JULY 21, 1986, BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO, A PUBLIC BODY CORPORATE AND POLITIC AND DORJIL, LTD. , A CALIFORNIA LIMITED PARTNERSHIP, RECORDED SEPTEMBER 3, 1986, INSTRUMENT NO. 86-253264, OFFICIAL RECORDS. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. (AFFECTS PARCEL NO. B) 90. TERMS, CONDITIONS AND PROVISIONS OF THAT CERTAIN RECIPROCAL EASEMENT AND MAINTENANCE AGREEMENT, DATED SEPTEMBER 17, 1986, BY AND BETWEEN DORJIL COMPANY, A CALIFORNIA LIMITED PARTNERSHIP AND DORJIL II, A CALIFORNIA LIMITED PARTNERSHIP, RECORDED SEPTEMBER 24, 1986, INSTRUMENT NO. 86-277229, OFFICIAL RECORDS. (AFFECTS PARCEL NO. B) AN EASEMENT FOR THE HEREINAFTER SET FORTH SPECIFIC PURPOSE AND INCIDENTAL PURPOSES, AS SET FORTH IN THE DOCUMENT ABOVE MENTIONED. i SAID EASEMENT IS FOR THE USE OF PARKING AREAS, DRIVES, WALKWAYS AND SIDEWALKS AND THE RIGHT TO USE CERTAIN RECREATIONAL FACILITIES AND CANNOT BE LOCATED FROM THE RECORD. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. 91. TERMS, CONDITIONS AND PROVISIONS OF THAT CERTAIN CALIFORNIA HOUSING FINANCE AGENCY REGULATORY AGREEMENT CHFA DEVELOPMENT NO. 85-30-5, DATED SEPTEMBER 1, 1986, BY AND BETWEEN DORJIL II, A CALIFORNIA LIMITED PARTNERSHIP AND THE CALIFORNIA HOUSING FINANCE AGENCY, RECORDED SEPTEMBER 24, 1986, INSTRUMENT NO. 86-277232, OFFICIAL RECORDS. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. (AFFECTS PARCEL NO. B) PAGE 25 7 147759 Aw 9 2. TERMS, CONDITIONS AND PROVISIONS OF THAT CERTAIN REGULATORY AGREEMENT - NUMBER R-80-RHC-003 RENTAL HOUSING CONSTRUCTION PROGRAM, DATED SEPTEMBER 17, 1986, BY AND BETWEEN DORJIL COMPANY AND DORJIL II, A CALIFORNIA LIMITED PARTNERSHIP AND THE CITY OF SAN BERNARDINO, A LOCAL FINANCIAL ENTITY, AND THE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT, A PUBLIC AGENCY OF THE STATE OF CALIFORNIA, RECORDED SEPTEMBER 24, 1986, INSTRUMENT NO. 86- 277233, OFFICIAL RECORDS. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. (AFFECTS PARCEL NO. B WITH OTHER PROPERTY) 93. CONSTRUCTION AND PERMANENT DEED OF TRUST WITH ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND FIXTURE FILING TO SECURE AN INDEBTEDNESS IN THE ORIGINAL PRINCIPAL SUM OF $3,520,000. 00, AND ANY OTHER AMOUNTS AND/OR OBLIGATIONS SECURED THEREBY, RECORDED SEPTEMBER 24, 1986, INSTRUMENT NO. 86-277234, OFFICIAL RECORDS. DATED: SEPTEMBER 1, 1986 TRUSTOR: DORJIL II, A CALIFORNIA LIMITED PARTNERSHIP TRUSTEE: FIRST INTERSTATE MORTGAGE COMPANY, A CALIFORNIA CORPORATION BENEFICIARY: FIRST INTERSTATE MORTGAGE COMPANY, A CALIFORNIA CORPORATION (AFFECTS PARCEL NO. B) THE BENEFICIAL INTEREST UNDER SAID DEED OF TRUST WAS ASSIGNED TO MUNICIPAL BOND INSURANCE ASSOCIATION, A NON-PROFIT UNINCORPORATED ASSOCIATION OF INSURANCE COMPANIES ORGANIZED UNDER THE LAWS OF THE STATE OF NEW YORK AND THE CALIFORNIA HOUSING FINANCE AGENCY, A PUBLIC INSTRUMENTALITY AND A POLITICAL SUBDIVISION OF THE STATE OF CALIFORNIA, AS THEIR INTEREST MAY APPEAR, BY MESNE ASSIGNMENTS OF RECORD. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. 94. AN EASEMENT FOR ABOVE GROUND OR UNDERGROUND CONDUITS OR BOTH AND INCIDENTAL PURPOSES, RECORDED JANUARY 22, 1987, INSTRUMENT NO. 87-021055, OFFICIAL RECORDS, LOCATED WITHIN THE COMMON AREAS (EXCLUSIVE OF BUILDING SITES) . PAGE 26 147759 SAID EASEMENT WAS CONVEYED TO SOUTHERN CALIFORNIA EDISON COMPANY, A CORPORATION, ITS SUCCESSORS AND ASSIGNS BY SUCH DOCUMENT. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. (AFFECTS PARCEL NO. B) 95. TERMS, PROVISIONS AND CONDITIONS OF AN UNRECORDED INTERAGENCY DEPOSITORY AGREEMENT DATED SEPTEMBER 17, 1986, BY AND BETWEEN DROJIL II, A CALIFORNIA LIMITED PARTNERSHIP, THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT AND THE CITY OF SAN BERNARDINO, AS DISCLOSED BY DEED OF TRUST AND ASSIGNMENT OF RENTS (FEASIBILITY PAYMENTS) RECORDED APRIL 5, 1988, INSTRUMENT NO. 88-098769, OFFICIAL RECORDS. (AFFECTS PARCEL NO. B) 96 . DEED OF TRUST AND ASSIGNMENT OF RENTS (FEASIBILITY PAYMENTS) TO SECURE AN INDEBTEDNESS IN THE ORIGINAL PRINCIPAL SUM OF $600, 000.00 OR AS MUCH AS MAY BE ADVANCED TO THE BORROWER UNDER THE TERMS OF THE INTERAGENCY DEPOSITORY AGREEMENT DATED SEPTEMBER 17, 1988, AND ANY OTHER AMOUNTS AND/OR OBLIGATIONS SECURED THEREBY, RECORDED APRIL 5, 1988, INSTRUMENT NO. 88-098769, OFFICIAL RECORDS. DATED: SEPTEMBER 17, 1988 TRUSTOR: DORJIL II, A CALIFORNIA LIMITED PARTNERSHIP TRUSTEE: FIDELITY NATIONAL TITLE INSURANCE CO. BENEFICIARY: THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT (AFFECTS PARCEL NO. B) 97. TERMS, CONDITIONS AND PROVISIONS OF THAT CERTAIN JOINT DEVELOPMENT AGREEMENT, DATED APRIL 20, 1990, BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO AND DUKES- DUKES AND ASSOCIATES, INC. , A CALIFORNIA CORPORATION, RECORDED MAY 22, 1990, INSTRUMENT NO. 90-199231, OFFICIAL RECORDS. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. (AFFECTS PARCEL NO. A) PAGE 27 147759 AN UNRECORDED FIRST AMENDMENT TO THAT CERTAIN JOINT DEVELOPMENT AGREEMENT, DATED JULY 1, 1991, AS DISCLOSED BY DOCUMENT RECORDED JUNE 23, 1992, INSTRUMENT NO. 92-262916, OFFICIAL RECORDS. A SECOND AMENDMENT TO JOINT DEVELOPMENT AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO, THE CITY OF SAN BERNARDINO AND DUKES-DUKES AND ASSOCIATES, INC. , A CALIFORNIA CORPORATION, RECORDED JUNE 23, 1992, INSTRUMENT NO. 92-262916, OFFICIAL RECORDS. REFERENCE IS HEREBY MADE TO THE RECORD OF SAID DOCUMENT FOR FURTHER AND OTHER PARTICULARS. 98. THE FACT THAT ACCESS RIGHTS TO CALIFORNIA STREET AND 16TH STREET, WERE RELINQUISHED BY DEDICATION ON THE MAP OF SAID LAND TO THE CITY OF SAN BERNARDINO. LOCATION: THE WESTERLY BOUNDARY OF LOTS 16 THROUGH 24 AND THE SOUTHERLY BOUNDARY OF LOTS 1, 24, 25 AND 38 (AFFECTS PARCEL NO. A) 99. DEED OF TRUST WITH ASSIGNMENT OF RENTS TO SECURE AN INDEBTEDNESS IN THE ORIGINAL PRINCIPAL SUM OF $200,00. 00, AND ANY OTHER AMOUNTS AND/OR OBLIGATIONS SECURED THEREBY, RECORDED OCTOBER 2, 1991, INSTRUMENT NO. 91-376390, OFFICIAL RECORDS. DATED: SEPTEMBER 25, 1991 TRUSTOR: JD1-86, A CALIFORNIA LIMITED PARTNERSHIP TRUSTEE: CHICAGO TITLE COMPANY BENEFICIARY: BANK OF SAN BERNARDINO (AFFECTS PARCEL NO. A) 100. DEED OF TRUST WITH ASSIGNMENT OF RENTS TO SECURE AN INDEBTEDNESS IN THE ORIGINAL PRINCIPAL SUM OF $50, 000.00, AND ANY OTHER AMOUNTS AND/OR OBLIGATIONS SECURED THEREBY, RECORDED MARCH 19, 1992, INSTRUMENT NO. 92-117465, OFFICIAL RECORDS. DATED: MARCH 17, 1992 TRUSTOR: JD1-86, A CALIFORNIA PARTNERSHIP TRUSTEE: FIRST AMERICAN TITLE INSURANCE COMPANY, A CALIFORNIA CORPORATION BENEFICIARY: BANK OF SAN BERNARDINO (AFFECTS PARCEL NO. A) PAGE 28 147759 101. DEED OF TRUST WITH ASSIGNMENT OF RENT TO SECURE AN INDEBTEDNESS IN THE ORIGINAL PRINCIPAL SUM OF $250,000.00, AND ANY OTHER AMOUNTS AND/OR OBLIGATIONS SECURED THEREBY, RECORDED APRIL 24, 1992, INSTRUMENT NO. 92-174920, OFFICIAL RECORDS. DATED: APRIL 22, 1992 TRUSTOR: DUKES-DUKES AND ASSOCIATES, INC. , A CALIFORNIA CORPORATION TRUSTEE: FIRST AMERICAN TITLE INSURANCE COMPANY, A CALIFORNIA CORPORATION BENEFICIARY: THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO (AFFECTS PARCEL NO. B) NOTE: AT THE TIME OF THE EXECUTION OF SAID DEED OF TRUST, THE TRUSTOR, DUKES-DUKES AND ASSOCIATES, INC. , A CALIFORNIA CORPORATION, DID NOT HAVE RECORD INTEREST IN AND TO SAID LAND NOR HAS SINCE ACQUIRED ANY SUCH INTEREST. 102. A LIEN IN FAVOR OF THE UNITED STATES OF AMERICA EVIDENCED BY A CERTIFICATE BEARING IDENTIFYING NO. 94-2154656 . CLASS OF TAX: 941 AMOUNT: $21,910. 99 DEBTOR: DUKES-DUKES & ASSOCIATES, INC. , A CORPORATION RECORDED: SEPTEMBER 1, 1992, INSTRUMENT NO. 92-364411, OFFICIAL RECORDS (AFFECTS PARCEL NO. B) 103. A LIEN IN FAVOR OF THE UNITED STATES OF AMERICA EVIDENCED BY A CERTIFICATE BEARING IDENTIFYING NO. 94-2154656 . CLASS OF TAX: 941 AMOUNT: $16,782.28 DEBTOR: DUKES-DUKES & ASSOCIATES, INC. , A CORPORATION RECORDED: OCTOBER 16, 1992, INSTRUMENT NO. 92-429892, OFFICIAL RECORDS (AFFECTS PARCEL NO. B) PAGE 29 147759 104 . A CLAIM OF LIEN FOR LABOR AND/OR MATERIALS OR BOTH FURNISHED IN CONNECTION WITH A WORK OF IMPROVEMENT ON SAID PROPERTY. CLAIMANT: MAINTENANCE WAREHOUSE/AMERICA CORP AMOUNT: $539.07 RECORDED: OCTOBER 30, 1992, INSTRUMENT NO. 92-451927, OFFICIAL RECORDS (AFFECTS PARCEL NO. B) 105. 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. THE NAME SEARCH NECESSARY TO ASCERTAIN THE EXISTENCE OF SUCH MATTERS HAS NOT BEEN COMPLETED AND IN ORDER TO COMPLETE THIS REPORT WE WILL REQUIRE A STATEMENT OF INFORMATION FROM JOHN DUKES. (AFFECTS PARCEL NO. A) A. A LIEN IN FAVOR OF THE STATE OF CALIFORNIA FRANCHISE TAX COMMISSIONER EVIDENCED BY CERTIFICATE NO. 90030-000406 . AMOUNT: $5,490.42 DEBTOR: JOHN E & VIVIAN L DUKES RECORDED: FEBRUARY 6, 1990, INSTRUMENT NO. 90-048608, OFFICIAL RECORDS B. A LIEN IN FAVOR OF THE STATE OF CALIFORNIA FRANCHISE TAX COMMISSIONER EVIDENCED BY CERTIFICATE NO. 90233-000542 . AMOUNT: $4,205. 01 DEBTOR: J DUKES RECORDED: AUGUST 28, 1990, INSTRUMENT NO. 90-343383, OFFICIAL RECORDS C. A LIEN IN FAVOR OF THE STATE OF CALIFORNIA FRANCHISE TAX COMMISSIONER EVIDENCED BY CERTIFICATE NO. 91260-007889. AMOUNT: $1,913.78 DEBTOR: J DUKES RECORDED: SEPTEMBER 20, 1991, INSTRUMENT NO. 91-361379, OFFICIAL RECORDS PAGE 30 147759 106 . 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. THE NAME SEARCH NECESSARY TO ASCERTAIN THE EXISTENCE OF SUCH MATTERS HAS NOT BEEN COMPLETED AND IN ORDER TO COMPLETE THIS REPORT WE WILL REQUIRE A STATEMENT OF INFORMATION FROM JUDITH A. MCGILL. (AFFECTS PARCEL NO. B) A LIEN IN FAVOR OF THE STATE OF CALIFORNIA FRANCHISE TAX COMMISSIONER EVIDENCED BY CERTIFICATE NO. 87013-000696. AMOUNT: $184 . 82 DEBTOR: KENNETH J & J MCGILL RECORDED: JANUARY 21, 1987, INSTRUMENT NO. 87-019712, OFFICIAL RECORDS 107. THE REQUIREMENT THAT THE PARTNERSHIP GRANT DEED EXECUTED BY SB1- 86, A CALIFORNIA PARTNERSHIP IN FAVOR OF JD1-86, A CALIFORNIA PARTNERSHIP AND RECORDED OCTOBER 2, 1991, INSTRUMENT NO. 91- { 376389, OFFICIAL RECORDS, BE RE-RECORDED TO REFLECT JDl-86, A CALIFORNIA LIMITED PARTNERSHIP, AS THE VESTEE AS TO PARCEL NO. A. (AFFECTS PARCEL NO. A) 108. THE VALIDITY, TERMS AND CONDITIONS OF THE LIMITED PARTNERSHIP AGREEMENTS AS INFERRED TO IN THE VESTING AND THE EFFECT OF ANY FAILURE TO COMPLY THEREWITH. A COMPLETE COPY OF SAID LIMITED PARTNERSHIP AGREEMENTS AND ANY AMENDMENTS THERETO MUST BE SUBMITTED TO THE COMPANY FOR EXAMINATION PRIOR TO THE ISSUANCE OF FURTHER TITLE EVIDENCE. THE REQUIREMENT THAT WE BE GIVEN IN WRITING THE AUTHORIZATION BY THE MAJORITY OF THE LIMITED PARTNERS OF SAID LIMITED PARTNERSHIPS FOR THIS TRANSACTION. -------------------------------------------- PAGE 31 147759 THIS REPORT IS PREPARATORY TO THE ISSUANCE OF AN ALTA POLICY OF TITLE INSURANCE. WE HAVE NO KNOWLEDGE OF ANY FACT WHICH WOULD PRECLUDE ISSUANCE OF SAID ALTA POLICY WITH INDORSEMENT NO. 100 ATTACHED. THERE IS LOCATED ON SAID LAND MULTI-FAMILY RESIDENCES KNOWN AS: 1859 DORJIL PLACE, SAN BERNARDINO, CALIFORNIA 1859, 1860, 1863 & 1864 LADDS COURT, SAN BERNARDINO, CALIFORNIA 1859, 1860, 1863 & 1864 BRADLEY COURT, SAN BERNARDINO, CALIFORNIA ACCORDING TO THE PUBLIC RECORDS, THERE HAVE BEEN NO DEEDS CONVEYING THE PROPERTY IN THIS REPORT WITHIN SIX MONTHS PRIOR TO THE DATE OF THIS REPORT EXCEPT AS FOLLOWS: NONE MH/SAH PAGE 32 (o 0 170 7J .18. N. ��D22, M.P. 34 18 f i 1 1 � Lr ice'^ � �+ 1 � i ` it"' � � ! ` ; �� � R0� P i� t • � ro•erer-r,urzo• R r r or•r7. sour IrerT1�•••Ar ral rL n r r 1 i ue.w• u -A r f e•per r•O M adUq) rr.•r•ar o n rs�r n�T •aA, g rw 1.064 h�.'. •0 0•' N• rods rur Lz is t 4 ' L %y p s s s a ■ d. :,.,tom. -- 9 •4 i r r or m • �• 1 arx nett ••Ar y c•t` `� .ax suo seAe se It v ..Ar r,Ka%. R "34r I've, ..• 1 ■r •rrt • em N _r. 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