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HomeMy WebLinkAbout24L142 - Molson Cimarron, LLCCONTRACT ABSTRACT Contract/Amendment Name of Contract: Company Name: Company Contact: Email: Summary of Services: Contract Price: Contract Term: Public Integrity/ Business Disclosure Forms: Contract Administration Lead Department: Contract Administrator/ Ext: Contract Approvals Council/City Manager Approval Date: Agreement Number: Amendment Number: Contract Compliance Exhibits: Insurance: Routed By: Bonds: Business License: Sole Source Co-Op CoOp Agmt #: Sole Source Documents: CoOp Name: CoOp Pricing: By: Submitted on: Contract Abstract Form Rev 8.16.23 Authorized Signers: Name, Email (Corporations require 2 signatures) Escrow Documents - TCE Agreement Molson Cimarron, LLC Brent E. Anderson, Partner/CFO APN 677-420-060, Ramon Road Bridge Widening Project, City Project 08-25 $17,390.50 5 years N/A Brent E. Anderson Engineering Services Joel Montalvo X8339 City Council Closed Session on January 9, 2025 25L142 N/A Yes N/A N/A Department N/A - Escrow Documents and Preliminary Report are attached. N/A 06/11/2025 Vonda Teed Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 PRELIMINARY REPORT Prelim Number: 4400 MacArthur Blvd, Suite 800 Newport Beach, CA 92660 932503567 CLTA Preliminary Report Form (02/03/2023)Printed: 06.02.25 @ 09:31 AM Page 1 CA-CW -FXFC-02620.208042-SPS-1-25-932503567 Issuing Policies of Commonwealth Land Title Insurance Company Order No.:932503567 TO: Epic Land Solutions, Inc 3850 Vine Street,, Suite 200 Riverside, CA 92507 Attn:Vivian LanzaOrellana Ref No.: Title Officer.:Chris Maziar Email:CMaziar@cltic.com Phone No.:9497243170 Fax No.:949-258-5740 Escrow Officer:Grace Kim Email:GUKim@cltic.com 4400 MacArthur Blvd, Suite 800 Newport Beach, CA 92660 Phone No.:9497243141 Fax No.:714-459-7217 Loan No.: Property:No Situs, Cathedral City, CA 92234 In response to the application for a policy of title insurance referenced herein, Commonwealth Land Title Company hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a policy or policies of title insurance describing the land and the estate or interest therein hereinafter set forth, insuring against loss which may be sustained by reason of a defect, lien or encumbrance not shown or referred to as an exception herein or not excluded from coverage pursuant to the printed Schedules, Exclusions from Coverage, and Conditions of said policy forms. With respect to any contemplated owner's policy, the printed Exceptions and Exclusions from the coverage and Limitations on Covered Risks of said policy or policies are set forth in Attachment One. The policy to be issued may contain an arbitration clause. When the Amount of Insurance is less than that set forth in the arbitration clause, all arbitrable matters shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. Limitations on Covered Risks applicable to the CLTA/ALTA Homeowner's Policy of Title Insurance, which establish a Deductible Amount and a Maximum Dollar Limit of Liability for certain coverages are also set forth in Attachment One. Copies of the policy forms should be read. They are available from the office which issued this report. Please read the exceptions shown or referred to herein and the exceptions and exclusions set forth in Attachment One of this report carefully. The exceptions and exclusions are meant to provide you with notice of matters which are not covered under the terms of the title insurance policy and should be carefully considered. It is important to note that this preliminary report is not a written representation as to the condition of title and may not list all liens, defects, and encumbrances affecting title to the land. This report (and any supplements or amendments hereto) is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title insurance, a binder or commitment should be requested. Countersigned By: Authorized Officer or Agent Ron Howarth Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 CLTA Preliminary Report Form (02/03/2023)Printed: 06.02.25 @ 09:31 AM Page 2 CA-CW -FXFC-02620.208042-SPS-1-25-932503567 COMMONWEALTH LAND TITLE COMPANY PRELIM NO. 932503567 Effective date: May 19, 2025 at 07:30 AM The form of Policy or Policies of Title Insurance contemplated by this Report is: CLTA Standard Coverage Owner's Policy - 2022 1.The estate or interest in the Land hereinafter described or referred to covered by this Report is: A Fee as to Parcel 1; Easement(s) more fully described below as to Parcels 2 and 3 2.Title to said estate or interest at the date hereof is vested in: Molson Cimarron LLC, a California limited liability company 3.The Land referred to in this Report is described as follows: SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 EXHIBIT A Legal Description CLTA Preliminary Report Form (02/03/2023)Printed: 06.02.25 @ 09:31 AM Page 3 CA-CW -FXFC-02620.208042-SPS-1-25-932503567 For APN/Parcel ID(s):677-420-060 THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF CATHEDRAL CITY, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA AND IS DESCRIBED AS FOLLOWS: PARCEL 1: THAT PORTION OF THE SOUTHEAST QUARTER OF SECTION 17, TOWNSHIP 4 SOUTH, RANGE 5 EAST, SAN BERNARDINO BASE AND MERIDIAN, IN THE CITY OF CATHEDRAL, COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, ACCORDING TO THE OFFICIAL PLAT THEREOF, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE SOUTH LINE OF SECTION 17, TOWNSHIP 4 SOUTH, RANGE 5 EAST, SAN BERNARDINO BASE AND MERIDIAN, 211.23 FEET WEST OF THE SOUTHEAST CORNER; THENCE NORTHWESTERLY ALONG THE ARC CURVE CONCAVE TO THE LEFT TANGENT BEARS NORTH 15° 53' 57" WEST HAVING A RADIUS OF 33,000 00 FEET THROUGH A CENTRAL ANGLE OF 4° 50' 05" FOR A DISTANCE OF 2784.60 FEET TO THE NORTH LINE OF SAID SOUTHEAST QUARTER OF SAID SECTION 17, TO A POINT 1088.72 FEET WEST OF THE NORTHEAST CORNER; THENCE SOUTH 89° 38' 00” WEST ALONG THE NORTH LINE OF SAID SOUTHEAST QUARTER, A DISTANCE OF 234.71 FEET TO THE NORTHWEST CORNER OF THE EAST HALF OF SAID SOUTHEAST QUARTER; THENCE CONTINUING SOUTH 89° 38' 00" WEST ALONG THE SAID NORTH LINE, A DISTANCE OF 1288.44 FEET TO A POINT 34.59 FEET EAST OF THE NORTHWEST CORNER OF SAID SOUTHEAST QUARTER; THENCE SOUTHEASTERLY ALONG THE ARC OF CURVE CONCAVE TO THE RIGHT WHOSE TANGENT NORTH 26° 16' 19” EAST HAVING A RADIUS OF 30,000.00 FEET THROUGH A CENTRAL ANGLE OF 5° 29' 58” FOR A DISTANCE OF 2879.50 FEET TO THE SOUTH LINE OF SAID SOUTHEAST QUARTER AT A POINT 1177.97 FEET EAST OF THE SOUTHWEST CORNER: THENCE NORTH 89° 43’ 00" EAST ALONG SAID SOUTH LINE, A DISTANCE OF 141.27 FEET TO THE SOUTHWEST CORNER OF THE EAST HALF OF SAID SOUTHEAST QUARTER; THENCE CONTINUING NORTH 89° 43’ 00” EAST ALONG THE SAID SOUTH LINE, A DISTANCE OF 1108 01 FEET TO THE POINT OF BEGINNING. EXCEPTING THEREFROM A 30 FEET STRIP(S) OF LAND AS CONVEYED TO THE DESERT WATER AGENCY BY DEED RECORDED JUNE 18, 1987 AS INSTRUMENT NO. 173244 OF OFFICIAL RECORDS. ALSO EXCEPTING THEREFROM THE SOUTH 40 FEET THEREOF AS SET FORTH IN THAT CERTAIN “STIPULATION FOR JUDGMENT AND ORDER AND JUDGMENT THEREON”, CASE NO. 146026, SUPERIOR COURT, COUNTY OF RIVERSIDE, A CERTIFIED COPY OF WHICH RECORDED OCTOBER 22, 1987 AS INSTRUMENT NO. 304034 OF OFFICIAL RECORDS. ALSO EXCEPTING THEREFROM ALL OIL. MINERAL, GAS AND OTHER HYDROCARBON SUBSTANCES BELOW A DEPTH OF 500 FEET UNDER THE SURFACE OF THE ABOVE DESCRIBED PROPERTY, AS RESERVED IN MEMORANDUM LEASE RECORDED APRIL 22, 1999 AS INSTRUMENT NO. 168175 OF OFFICIAL RECORDS. PARCEL 2: AN EASEMENT FOR GOLF COURSE AND RELATED USES AS MORE FULLY SET FORTH IN “MEMORANDUM OF EASEMENT AGREEMENT” RECORDED FEBRUARY 19, 1999 AS INSTRUMENT NO. 99-65335 OF OFFICIAL RECORDS, UPON AND SUBJECT TO THE TERMS AND PROVISIONS CONTAINED AS TO THE FOLLOWING DESCRIBED PROPERTY: THAT PORTION OF THE SOUTH HALF OF THE SOUTHWEST QUARTER OF SECTION 8, TOWNSHIP 4 SOUTH, RANGE 5 EAST, SAN BERNARDINO BASE AND MERIDIAN, DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEAST CORNER OF THE SOUTHWEST QUARTER; THENCE SOUTH 89° 38' 09" WEST ALONG THE SOUTH LINE OF SAID SOUTHWEST QUARTER A DISTANCE OF 123.00 FEET TO THE TRUE POINT OF BEGINNING; THENCE NORTH 23° 30' 00” WEST A DISTANCE OF 95.00 FEET; THENCE NORTH 19° 38’ 00” WEST A DISTANCE OF 304.00 FEET; THENCE NORTH 18° 23’ 00” WEST A DISTANCE OF 152.00 FEET; THENCE Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 EXHIBIT A Legal Description CLTA Preliminary Report Form (02/03/2023)Printed: 06.02.25 @ 09:31 AM Page 4 CA-CW -FXFC-02620.208042-SPS-1-25-932503567 NORTH 15° 50' 00" WEST A DISTANCE OF 354.00 FEET; THENCE NORTH 58° 50' 00" WEST A DISTANCE OF 101.00 FEET; THENCE NORTH 42° 56' 00” WEST A DISTANCE OF 120.00 FEET; THENCE NORTH 51° 13' 20" WEST A DISTANCE OF 111 45 FEET; THENCE NORTH 36° 34’ 00” WEST A DISTANCE OF 310.91 FEET TO THE NORTH LINE OF THE SOUTH HALF OF THE SOUTHWEST QUARTER; THENCE SOUTH 89° 46’ 36” WEST ALONG SAID NORTH LINE A DISTANCE OF 1205.99 FEET TO A POINT ON A NON-TANGENT CURVE CONCAVE SOUTHWESTERLY AND HAVING A RADIUS OF 685,500.00 FEET, A RADIAL BEARING PASSES THROUGH SAID CURVE BEARS NORTH 57° 43’ 45" EAST; THENCE SOUTHEASTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 01° 17' 49" AND A LENGTH OF 1550.56 FEET TO THE SOUTH LINE OF SAID SOUTHWEST QUARTER: THENCE NORTH 89° 38’ 09” EAST ALONG SAID SOUTH LINE A DISTANCE OF 1117.85 FEET TO THE TRUE POINT OF BEGINNING. EXCEPTING ALL MINERAL RIGHTS, INCLUDING COAL, OIL, AND GAS, TOGETHER WITH ALL THE IMPROVEMENTS THEREON AND APPURTENANCES THERETO BELONGING. PARCEL 3: A PERPETUAL, RECIPROCAL EASEMENT FOR INGRESS, EGRESS AND ACCESS AND FOR THE INSTALLATION, USE, MAINTENANCE AND ACCESS TO CERTAIN UTILITIES AS SET FORTH IN THAT CERTAIN RECIPROCAL EASEMENT AGREEMENT RECORDED JULY 30, 1999 AS INSTRUMENT NO. 343205 OF OFFICIAL RECORDS. PLOTTED EASEMENTS Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 COMMONWEALTH LAND TITLE COMPANY PRELIM NO. 932503567 CLTA Preliminary Report Form (02/03/2023)Printed: 06.02.25 @ 09:31 AM Page 5 CA-CW -FXFC-02620.208042-SPS-1-25-932503567 EXCEPTIONS At the date hereof, items to be considered and exceptions to coverage in addition to the printed exceptions and exclusions in said policy form would be as follows: Section A: The following exceptions will appear in policies when providing standard coverage as outlined below: 1. (a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2. Any facts, rights, interests or claims that are not shown by the Public Records but that could be ascertained by an inspection of the Land or that may 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. Section B: 1.Property taxes, which are a lien not yet due and payable, including any assessments collected with taxes to be levied for the fiscal year 2025-2026. 2.Said property has been declared tax defaulted for non-payment of delinquent taxes for the fiscal year 2022-2023. APN No.:677-420-023 Default Date:June 30, 2023 Amounts to redeem for the above-stated fiscal year (and subsequent years if any) are: Amount:$14,861.01 by May 31, 2025 Amount:$15,014.51 by June 30, 2025 Affects: Underlying Parcel 3.Any liens or other assessments, bonds, or special district liens including without limitation, Community Facility Districts, that arise by reason of any local, City, Municipal or County Project or Special District. 4.The lien of supplemental or escaped assessments of property taxes, if any, made pursuant to the provisions of Chapter 3.5 (commencing with Section 75) or Part 2, Chapter 3, Articles 3 and 4, respectively, of the Revenue and Taxation Code of the State of California as a result of the transfer of title to the vestee named in Schedule A or as a result of changes in ownership or new construction occurring prior to Date of Policy. 5.Water rights, claims or title to water, whether or not disclosed by the public records. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 COMMONWEALTH LAND TITLE COMPANY PRELIM NO. 932503567 CLTA Preliminary Report Form (02/03/2023)Printed: 06.02.25 @ 09:31 AM Page 6 CA-CW -FXFC-02620.208042-SPS-1-25-932503567 6.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to:Southern Pacific Railroad Company Purpose:Pipelines Recording Date:March 23, 1912 Recording No.:Book 347, Page 127 of Deeds Affects:A portion of said land No representation is made as to the present ownership of said easement. 7.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to:Coachella Valley Water District Purpose:Drainage and storm water Recording Date:July 26, 1946 Recording No.:Book 767, Page 139 of Official Records Affects:A portion of said land No representation is made as to the present ownership of said easement. 8.Matters contained in that certain document Entitled:Resolution Executed by:Riverside County Board of Supervisors establishing Coachella Valley County Water District Recording Date:December 13, 1956 Recording No.:Book 2011, Page 519 of Official Records Reference is hereby made to said document for full particulars. 9.The Land described herein is included within a project area of the Redevelopment Agency shown below, and that proceedings for the redevelopment of said project have been instituted under the Redevelopment Law (such redevelopment to proceed only after the adoption of the Redevelopment Plan) as disclosed by a document. Redevelopment Agency: Cathedral City Redevelopment Project Area No. 3 Recording Date: December 6, 1984 Recording No.: 261787 of Official Records and Recording Date:July 21, 2003 and Recording No.:2003-542987 of Official Records 10.That fact that a portion of said land is in the Whitewater River Channel as set forth by the Assessor's Map of said land. Affects: Parcel 6 11.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document: In favor of:Riverside County Flood Control and Water Conservation District Purpose:Flood control easement Recording Date:December 19, 1990 Recording No.:457969 of Official Records Affects:A portion of said land No representation is made as to the present ownership of said easement. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 COMMONWEALTH LAND TITLE COMPANY PRELIM NO. 932503567 CLTA Preliminary Report Form (02/03/2023)Printed: 06.02.25 @ 09:31 AM Page 7 CA-CW -FXFC-02620.208042-SPS-1-25-932503567 Affects: Parcel 6 12.Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other matters shown on Map:Records of Survey Recording No.:Book 96, Page 43 of Records of Survey 13.Matters contained in that certain document Entitled:Well Metering Agreement Recording Date:July 13, 1999 Recording No.:312501 of Official Records Reference is hereby made to said document for full particulars. 14.An unrecorded lease with certain terms, covenants, conditions and provisions set forth therein as disclosed by the document Entitled:Lease Agreement #0685 E/W Lessor:Northern Wolverine 19/99 Inc. Lessee:M-C Partners, a California general partnership, dba Martin Communications Recording Date:July 28, 1999 Recording No.:337280 of Official Records The present ownership of the leasehold created by said lease and other matters affecting the interest of the lessee are not shown herein. 15.An unrecorded lease with certain terms, covenants, conditions and provisions set forth therein as disclosed by the document Entitled:Lease Agreement #0687 E/W Lessor:Northern Wolverine 19/99 Inc. Lessee:M-C Partners, a California general partnership, dba Martin Communications Recording Date:July 28, 1999 Recording No.:337282 of Official Records The present ownership of the leasehold created by said lease and other matters affecting the interest of the lessee are not shown herein. 16.Matters contained in that certain document Entitled:Reciprocal Easement Agreement Recording Date:July 30, 1999 Recording No.:343205 of Official Records Reference is hereby made to said document for full particulars. 17.Matters contained in that certain document Entitled:Grantor's Estoppel Certificate and Consent to Encumbrance Agreement (CVWD) Recording Date:October 1, 1999 Recording No.:439159 of Official Records Reference is hereby made to said document for full particulars. Affects: The herein described Land and other land. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 COMMONWEALTH LAND TITLE COMPANY PRELIM NO. 932503567 CLTA Preliminary Report Form (02/03/2023)Printed: 06.02.25 @ 09:31 AM Page 8 CA-CW -FXFC-02620.208042-SPS-1-25-932503567 18.Intentionally Deleted 19.Easement(s) for the purpose(s) shown below and rights incidental thereto as set forth in a document: In favor of:The City of Cathedral City Purpose:Public utilities Recording Date:January 18, 2000 Recording No.:2000-17401 of Official Records Affects:A portion of said land No representation is made as to the present ownership of said easement. 20.Matters contained in that certain document Entitled:Estoppel Certificate and Consent to Encumbrance Agreement Recording Date:February 10, 2004 Recording No.:2004-95413 of Official Records Reference is hereby made to said document for full particulars. 21.Matters contained in that certain document Entitled:Grantor's Estoppel Certificate and Consent to Encumbrance Agreement (CVWD) Recording Date:January 20, 2002 Recording No.:2005-55251 of Official Records Reference is hereby made to said document for full particulars. 22.The Land described herein is included within a project area of the Redevelopment Agency shown below, and that proceedings for the redevelopment of said project have been instituted under the Redevelopment Law (such redevelopment to proceed only after the adoption of the Redevelopment Plan) as disclosed by a document. Redevelopment Agency: The 2006 Cathedral City Merged Redevelopment Project Area Recording Date: September 10, 2008 Recording No.: 2008-496702 of Official Records 23.Matters contained in that certain document Entitled:Assignment, Consent and Estoppel (Cimarron Golf Resort) Recording Date:April 27, 2011 Recording No.:2011-183719 of Official Records Reference is hereby made to said document for full particulars. Affects: The herein described Land and other land. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 COMMONWEALTH LAND TITLE COMPANY PRELIM NO. 932503567 CLTA Preliminary Report Form (02/03/2023)Printed: 06.02.25 @ 09:31 AM Page 9 CA-CW -FXFC-02620.208042-SPS-1-25-932503567 24.The document entitled "Stipulated Judgment" Recording Date:April 28, 2011 Recording No.:2011-187077 of Official Records 25.The document entitled "Notice of Settlement and Stipulated Judgment" Recording Date:April 28, 2011 Recording No.:2011-187078 of Official Records 26.Matters contained in that certain document Entitled:Grant of Easement and Indemnification Agreement Dated:August 14, 2018 Executed by:Warrior Golf Equities, LLC, a California limited liability corporation and the City of Cathedral City, a California municipal corporation Recording Date:October 3, 2018 Recording No.:2018-393398 of Official Records Reference is hereby made to said document for full particulars. Affects: The herein described Land and other land. 27.An unrecorded lease with certain terms, covenants, conditions and provisions set forth therein as disclosed by the document Entitled:Memorandum and Notice of Lease Agreement Lessor:Warrior Golf, LLC, successor in interest to Warrior Golf Equities, LLC Lessee:The Lamar Companies Recording Date:December 10, 2019 Recording No.:2019-507912 of Official Records The present ownership of the leasehold created by said lease and other matters affecting the interest of the lessee are not shown herein. 28.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to:City of Palm Springs, a California charter city and municipal corporation Purpose:Streets, highways, sanitary sewer lines, domestic water lines, public utilities, and other appurtenant Recording Date:April 21, 2021 Recording No.:2021-249280 of Official Records Affects:A portion of said land 29.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to:City of Palm Springs, a California charter city and municipal corporation Purpose:Right-of-way for earth embankment slopes, together with the right to construct and maintain such slopes and embankments and facilities incidental thereto Recording Date:April 21, 2021 Recording No.:2021-249281 of Official Records Affects:A portion of said land Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 COMMONWEALTH LAND TITLE COMPANY PRELIM NO. 932503567 CLTA Preliminary Report Form (02/03/2023)Printed: 06.02.25 @ 09:31 AM Page 10 CA-CW -FXFC-02620.208042-SPS-1-25-932503567 30.Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to:City of Palm Springs, a California charter city and municipal corporation Purpose:Right-of-way purposes of a channel Structure improvement and maintenance Easement Recording Date:April 21, 2021 Recording No.:2021-249282 of Official Records Affects:A portion of said land 31.Please be advised that our search did not disclose any open Deeds of Trust of record. If you should have knowledge of any outstanding obligation, please contact the Title Department immediately for further review prior to closing. 32.Any rights of the parties in possession of a portion of, or all of, said Land, which rights are not disclosed by the public records. The Company will require, for review, a full and complete copy of any unrecorded agreement, contract, license and/or lease, together with all supplements, assignments and amendments thereto, before issuing any policy of title insurance without excepting this item from coverage. The Company reserves the right to except additional items and/or make additional requirements after reviewing said documents. 33.Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other matters which a correct survey would disclose and which are not shown by the public records. 34.Any easements not disclosed by the public records as to matters affecting title to real property, whether or not said easements are visible and apparent. 35.Matters which may be disclosed by an inspection and/or by a correct ALTA/NSPS Land Title Survey of said Land that is satisfactory to the Company, and/or by inquiry of the parties in possession thereof. END OF EXCEPTIONS PLEASE REFER TO THE "INFORMATIONAL NOTES" AND "REQUIREMENTS" SECTIONS WHICH FOLLOW FOR INFORMATION NECESSARY TO COMPLETE THIS TRANSACTION. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 COMMONWEALTH LAND TITLE COMPANY PRELIM NO. 932503567 CLTA Preliminary Report Form (02/03/2023)Printed: 06.02.25 @ 09:31 AM Page 11 CA-CW -FXFC-02620.208042-SPS-1-25-932503567 REQUIREMENTS 1.The Company will require the following documents for review prior to the issuance of any title insurance predicated upon a conveyance or encumbrance from the entity named below. Limited Liability Company: Molson Cimarron LLC, a California limited liability company a.A copy of its operating agreement, if any, and any and all amendments, supplements and/or modifications thereto, certified by the appropriate manager or member. b.If a domestic Limited Liability Company, a copy of its Articles of Organization and all amendment thereto with the appropriate filing stamps. c.If the Limited Liability Company is member-managed a full and complete current list of members certified by the appropriate manager or member. d.A current dated certificate of good standing from the proper governmental authority of the state in which the entity was created e.If less than all members, or managers, as appropriate, will be executing the closing documents, furnish evidence of the authority of those signing. f.If Limited Liability Company is a Single Member Entity, a Statement of Information for the Single Member will be required. g.Each member and manager of the LLC without an Operating Agreement must execute in the presence of a notary public the Certificate of California LLC (Without an Operating Agreement) Status and Authority form 2.This Company will require information as to the type of entity, i.e., corporation, limited liability company or partnership, for the buyer named below: Name of buyer:City of Palm Springs, a California charter city and municipal corporation The Company reserves the right to add additional items or make further requirements after review of the requested information. 3.In order to complete this report, the Company requires a Statement of Information to be completed by the following party(ies), Party(ies): All Parties The Company reserves the right to add additional items or make further requirements after review of the requested Statement of Information. NOTE: The Statement of Information is necessary to complete the search and examination of title under this order. Any title search includes matters that are indexed by name only, and having a completed Statement of Information assists the Company in the elimination of certain matters which appear to involve the parties but in fact affect another party with the same or similar name. Be assured that the Statement of Information is essential and will be kept strictly confidential to this file. 4.Unrecorded matters which may be disclosed by an Owner’s Affidavit or Declaration. A form of the Owner’s Affidavit/Declaration is attached to this Preliminary Report/Commitment. This Affidavit/Declaration is to be completed by the record owner of the land and submitted for review prior to the closing of this transaction. Your prompt attention to this requirement will help avoid delays in the closing of this transaction. Thank you. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 COMMONWEALTH LAND TITLE COMPANY PRELIM NO. 932503567 CLTA Preliminary Report Form (02/03/2023)Printed: 06.02.25 @ 09:31 AM Page 12 CA-CW -FXFC-02620.208042-SPS-1-25-932503567 The Company reserves the right to add additional items or make further requirements after review of the requested Affidavit/Declaration. END OF REQUIREMENTS Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 COMMONWEALTH LAND TITLE COMPANY PRELIM NO. 932503567 CLTA Preliminary Report Form (02/03/2023)Printed: 06.02.25 @ 09:31 AM Page 13 CA-CW -FXFC-02620.208042-SPS-1-25-932503567 INFORMATIONAL NOTES 1.Note: None of the items shown in this report will cause the Company to decline to attach ALTA Endorsement Form 9 to an Extended Coverage Loan Policy, when issued. 2.Note: There are NO conveyances affecting said Land recorded within 24 months of the date of this report. 3.Property taxes, including any personal property taxes and any assessments collected with taxes, are paid. For proration purposes the amounts were: Tax Identification No.:677-420-060 Fiscal Year:2024-2025 1st Installment:$5,597.39 2nd Installment $5,597.39 Exemption:$0.00 Code Area:019-000 4.Note: The charge for a policy of title insurance, when issued through this title order, will be based on the Basic Title Insurance Rate. 5.Notice: Please be aware that due to the conflict between federal and state laws concerning the cultivation, distribution, manufacture or sale of marijuana, the Company is not able to close or insure any transaction involving Land that is associated with these activities. 6.The application for title insurance was placed by reference to only a street address or tax identification number. The proposed insured must confirm that the legal description in this report covers the parcel(s) of land requested to be insured. If the legal description is incorrect, the proposed insured must notify the company and/or the settlement company in order to prevent errors and to be certain that the legal description for the intended parcel(s) of land will appear on any documents to be recorded in connection with this transaction and on the policy of title insurance. 7.Note: If a county recorder, title insurance company, escrow company, real estate broker, real estate agent or association provides a copy of a declaration, governing document or deed to any person, California law requires that the document provided shall include a statement regarding any unlawful restrictions. Said statement is to be in at least 14-point bold face type and may be stamped on the first page of any document provided or included as a cover page attached to the requested document. Should a party to this transaction request a copy of any document reported herein that fits this category, the statement is to be included in the manner described. 8.Note: Any documents being executed in conjunction with this transaction must be signed in the presence of an authorized Company employee, an authorized employee of a Company agent, an authorized employee of the insured lender, or by using Bancserv or other Company-approved third-party service. If the above requirement cannot be met, please call the Company at the number provided in this report. 9.Pursuant to Government Code Section 27388.1, as amended and effective as of 1-1-2018, a Documentary Transfer Tax (DTT) Affidavit may be required to be completed and submitted with each document when DTT is being paid or when an exemption is being claimed from paying the tax. If a governmental agency is a party to the document, the form will not be required. DTT Affidavits may be available at a Tax Assessor-County Clerk-Recorder. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 COMMONWEALTH LAND TITLE COMPANY PRELIM NO. 932503567 CLTA Preliminary Report Form (02/03/2023)Printed: 06.02.25 @ 09:31 AM Page 14 CA-CW -FXFC-02620.208042-SPS-1-25-932503567 10.Note: The policy of title insurance will include an arbitration provision. The Company or the insured may demand arbitration. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the insured arising out of or relating to this policy, any service of the Company in connection with its issuance or the breach of a policy provision or other obligation. Please ask your escrow or title officer for a sample copy of the policy to be issued if you wish to review the arbitration provisions and any other provisions pertaining to your Title Insurance coverage. 11.Due to the special requirements of SB 50 (California Public Resources Code Section 8560 et seq.), any transaction that includes the conveyance of title by an agency of the United States must be approved in advance by the Company’s State Counsel, Regional Counsel, or one of their designees. END OF INFORMATIONAL NOTES Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 Wire Fraud Alert Page 15 Original Effective Date:5/11/2017 Current Version Date:5/11/2017 932503567U - WIRE0016 (DSI Rev. 12/07/17) TM and © Fidelity National Financial, Inc. and/or an affiliate. All rights reserved WIRE FRAUD ALERT This Notice is not intended to provide legal or professional advice. If you have any questions, please consult with a lawyer. All parties to a real estate transaction are targets for wire fraud and many have lost hundreds of thousands of dollars because they simply relied on the wire instructions received via email, without further verification. If funds are to be wired in conjunction with this real estate transaction, we strongly recommend verbal verification of wire instructions through a known, trusted phone number prior to sending funds. In addition, the following non-exclusive self-protection strategies are recommended to minimize exposure to possible wire fraud. NEVER RELY on emails purporting to change wire instructions. Parties to a transaction rarely change wire instructions in the course of a transaction. ALWAYS VERIFY wire instructions, specifically the ABA routing number and account number, by calling the party who sent the instructions to you. DO NOT use the phone number provided in the email containing the instructions, use phone numbers you have called before or can otherwise verify. Obtain the number of relevant parties to the transaction as soon as an escrow account is opened. DO NOT send an email to verify as the email address may be incorrect or the email may be intercepted by the fraudster. USE COMPLEX EMAIL PASSWORDS that employ a combination of mixed case, numbers, and symbols. Make your passwords greater than eight (8) characters. Also, change your password often and do NOT reuse the same password for other online accounts. USE MULTI-FACTOR AUTHENTICATION for email accounts. Your email provider or IT staff may have specific instructions on how to implement this feature. For more information on wire-fraud scams or to report an incident, please refer to the following links: Federal Bureau of Investigation:Internet Crime Complaint Center: http://www.fbi.gov http://www.ic3.gov Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 Privacy Statement Printed: 06.02.25 @ 09:31 AM SCA0003004.doc Page 16 of 27 CA-CW -FXFC-02620.206538-932503567 FIDELITY NATIONAL FINANCIAL PRIVACY NOTICE Effective January 1, 2025 Fidelity National Financial, Inc. and its majority-owned subsidiary companies (collectively, "FNF," "our," or "we") respect and are committed to protecting your privacy. This Privacy Notice explains how we collect, use, and protect personal information, when and to whom we disclose such information, and the choices you have about the use and disclosure of that information. A limited number of FNF subsidiaries have their own privacy notices. If a subsidiary has its own privacy notice, the privacy notice will be available on the subsidiary's website and this Privacy Notice does not apply. Collection of Personal Information FNF may collect the following categories of Personal Information: contact information (e.g., name, address, phone number, email address); demographic information (e.g., date of birth, gender, marital status); identity information (e.g., Social Security Number, driver's license, passport, or other government ID number); financial account information (e.g., loan or bank account information); biometric data (e.g., fingerprints, retina or iris scans, voiceprints, or other unique biological characteristics; and other personal information necessary to provide products or services to you. We may collect Personal Information about you from: information we receive from you or your agent; information about your transactions with FNF, our affiliates, or others; and information we receive from consumer reporting agencies and/or governmental entities, either directly from these entities or through others. Collection of Browsing Information FNF automatically collects the following types of Browsing Information when you access an FNF website, online service, or application (each an "FNF Website") from your Internet browser, computer, and/or device: Internet Protocol (IP) address and operating system; browser version, language, and type; domain name system requests; and browsing history on the FNF Website, such as date and time of your visit to the FNF Website and visits to the pages within the FNF Website. Like most websites, our servers automatically log each visitor to the FNF Website and may collect the Browsing Information described above. We use Browsing Information for system administration, troubleshooting, fraud investigation, and to improve our websites. Browsing Information generally does not reveal anything personal about you, though if you have created a user account for an FNF Website and are logged into that account, the FNF Website may be able to link certain browsing activity to your user account. Other Online Specifics Cookies. When you visit an FNF Website, a "cookie" may be sent to your computer. A cookie is a small piece of data that is sent to your Internet browser from a web server and stored on your computer's hard drive. Information gathered using cookies helps us improve your user experience. For example, a cookie can help the website load properly or can customize the display page based on your browser type and user preferences. You can choose whether or not to accept cookies by changing your Internet browser settings. Be aware that doing so may impair or limit some functionality of the FNF Website. Web Beacons. We use web beacons to determine when and how many times a page has been viewed. This information is used to improve our websites. Do Not Track. Currently our FNF Websites do not respond to "Do Not Track" features enabled through your browser. Links to Other Sites. FNF Websites may contain links to unaffiliated third-party websites. FNF is not responsible for the privacy practices or content of those websites. We recommend that you read the privacy policy of every website you visit. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 Privacy Statement Printed: 06.02.25 @ 09:31 AM SCA0003004.doc Page 17 of 27 CA-CW -FXFC-02620.206538-932503567 Use of Personal Information FNF uses Personal Information for these main purposes: To provide products and services to you or in connection with a transaction involving you. To improve our products and services. To prevent and detect fraud; To maintain the security of our systems, tools, accounts, and applications; To verify and authenticate identities and credentials; To communicate with you about our, our affiliates', and others' products and services, jointly or independently. To provide reviews and testimonials about our services, with your consent. When Information Is Disclosed We may disclose your Personal Information and Browsing Information in the following circumstances: to enable us to detect or prevent criminal activity, fraud, material misrepresentation, or nondisclosure; to affiliated or nonaffiliated service providers who provide or perform services or functions on our behalf and who agree to use the information only to provide such services or functions; to affiliated or nonaffiliated third parties with whom we perform joint marketing, pursuant to an agreement with them to jointly market financial products or services to you; to law enforcement or authorities in connection with an investigation, or in response to a subpoena or court order; or in the good-faith belief that such disclosure is necessary to comply with legal process or applicable laws, or to protect the rights, property, or safety of FNF, its customers, or the public. The law does not require your prior authorization and does not allow you to restrict the disclosures described above. Additionally, we may disclose your information to third parties for whom you have given us authorization or consent to make such disclosure. We do not otherwise share your Personal Information or Browsing Information with nonaffiliated third parties, except as required or permitted by law. We reserve the right to transfer your Personal Information, Browsing Information, and any other information, in connection with the sale or other disposition of all or part of the FNF business and/or assets, or in the event of bankruptcy, reorganization, insolvency, receivership, or an assignment for the benefit of creditors. By submitting Personal Information and/or Browsing Information to FNF, you expressly agree and consent to the use and/or transfer of the foregoing information in connection with any of the above described proceedings. Security of Your Information We maintain physical, electronic, and procedural safeguards to protect your Personal Information. Choices With Your Information Whether you submit Personal Information or Browsing Information to FNF is entirely up to you. If you decide not to submit Personal Information or Browsing Information, FNF may not be able to provide certain services or products to you. State-Specific Consumer Privacy Information: For additional information about your state-specific consumer privacy rights, to make a consumer privacy request, or to appeal a previous privacy request, please follow the link Privacy Request, or email privacy@fnf.com or call (888) 714-2710. Certain state privacy laws require that FNF disclose the categories of third parties to which FNF may disclose the Personal Information and Browsing Information listed above. Those categories are: FNF affiliates and subsidiaries; Non-affiliated third parties, with your consent; Business in connection with the sale or other disposition of all or part of the FNF business and/or assets; Service providers; Law endorsement or authorities in connection with an investigation, or in response to a subpoena or court order. For California Residents: We will not share your Personal Information or Browsing Information with nonaffiliated third parties, except as permitted by California law. For additional information about your California privacy rights, please visit the "California Privacy" link on our website (fnf.com/california-privacy) or call (888) 413-1748. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 Privacy Statement Printed: 06.02.25 @ 09:31 AM SCA0003004.doc Page 18 of 27 CA-CW -FXFC-02620.206538-932503567 For Nevada Residents: We are providing this notice pursuant to state law. You may be placed on our internal Do Not Call List by calling FNF Privacy at (888) 714-2710 or by contacting us via the information set forth at the end of this Privacy Notice. For further information concerning Nevada's telephone solicitation law, you may contact: Bureau of Consumer Protection, Office of the Nevada Attorney General, 555 E. Washington St., Suite 3900, Las Vegas, NV 89101; Phone number: (702) 486-3132; email: aginquiries@ag.state.nv.us. For Oregon Residents: We will not share your Personal Information or Browsing Information with nonaffiliated third parties for marketing purposes, except after you have been informed by us of such sharing and had an opportunity to indicate that you do not want a disclosure made for marketing purposes. For additional information about your Oregon consumer privacy rights, or to make a consumer privacy request, or appeal a previous privacy request, please email privacy@fnf.com or call (888) 714-2710 FNF is the controller of the following businesses registered with the Secretary of State in Oregon: Chicago Title Company of Oregon, Fidelity National Title Company of Oregon, Lawyers Title of Oregon, LoanCare, Ticor, Title Company of Oregon, Western Title & Escrow Company, Chicago Title Company, Chicago Title Insurance Company, Commonwealth Land Title Insurance Company, Fidelity National Title Insurance Company, Liberty Title & Escrow, Novare National Settlement Service, Ticor Title Company of California, Exos Valuations, Fidelity & Guaranty Life, Insurance Agency, Fidelity National Home Warranty Company, Fidelity National Management Services, Fidelity Residential Solutions, FNF Insurance Services, FNTG National Record Centers, IPEX, Mission Servicing Residential, National Residential Nominee Services, National Safe Harbor Exchanges, National Title Insurance of New York, NationalLink Valuations, NexAce Corp., ServiceLink Auction, ServiceLink Management Company, ServiceLink Services, ServiceLink Title Company of Oregon, ServiceLink Valuation Solutions, Western Title & Escrow Company For Vermont Residents: We will not disclose information about your creditworthiness to our affiliates and will not disclose your personal information, financial information, credit report, or health information to nonaffiliated third parties to market to you, other than as permitted by Vermont law, unless you authorize us to make those disclosures. Information From Children The FNF Websites are not intended or designed to attract persons under the age of eighteen (18). We do not collect Personal Information from any person that we know to be under the age of thirteen (13) without permission from a parent or guardian. International Users FNF's headquarters is located within the United States. If you reside outside the United States and choose to provide Personal Information or Browsing Information to us, please note that we may transfer that information outside of your country of residence. By providing FNF with your Personal Information and/or Browsing Information, you consent to our collection, transfer, and use of such information in accordance with this Privacy Notice. FNF Website Services for Mortgage Loans Certain FNF companies provide services to mortgage loan servicers, including hosting websites that collect customer information on behalf of mortgage loan servicers (the "Service Websites"). The Service Websites may contain links to both this Privacy Notice and the mortgage loan servicer or lender's privacy notice. The sections of this Privacy Notice titled When Information is Disclosed, Choices with Your Information, and Accessing and Correcting Information do not apply to the Service Websites. The mortgage loan servicer or lender's privacy notice governs use, disclosure, and access to your Personal Information. FNF does not share Personal Information collected through the Service Websites, except as required or authorized by contract with the mortgage loan servicer or lender, or as required by law or in the good-faith belief that such disclosure is necessary: to comply with a legal process or applicable law, to enforce this Privacy Notice, or to protect the rights, property, or safety of FNF or the public. Your Consent To This Privacy Notice; Notice Changes By submitting Personal Information and/or Browsing Information to FNF, you consent to the collection and use of the information in accordance with this Privacy Notice. We may change this Privacy Notice at any time. The Privacy Notice's effective date will show the last date changes were made. If you provide information to us following any change of the Privacy Notice, that signifies your assent to and acceptance of the changes to the Privacy Notice. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 Privacy Statement Printed: 06.02.25 @ 09:31 AM SCA0003004.doc Page 19 of 27 CA-CW -FXFC-02620.206538-932503567 Accessing and Correcting Information; Contact Us If you have questions or would like to correct your Personal Information, visit FNF's Privacy Request website or contact us by phone at (888) 714-2710, by email at privacy@fnf.com, or by mail to: Fidelity National Financial, Inc. 601 Riverside Avenue, Jacksonville, Florida 32204 Attn: Chief Privacy Officer Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 ATTACHMENT ONE Page 20 of 27 Attachment One (11/04/22) CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY - 1990 (11-09-18) 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 claimant prior to the date the insured claimant became an insured under this policy; (c)resulting in no loss or damage to the insured claimant; (d)attaching or created subsequent to Date of Policy; or (e)resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the insured mortgage or for the estate or interest insured by this policy. 4.Unenforceability of the lien of the insured mortgage because of the inability or failure of the insured at Date of Policy, or the inability or failure of any subsequent owner of the indebtedness, to comply with the applicable doing business laws of the state in which the land is situated. 5.Invalidity or unenforceability of the lien of the insured mortgage, or claim thereof, which arises out of the transaction evidenced by the insured mortgage and is based upon usury or any consumer credit protection or truth in lending law. 6.Any claim, which arises out of the transaction vesting in the insured the estate or 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 unless such lien is shown by the public records at Date of Policy. EXCEPTIONS FROM COVERAGE - SCHEDULE B, PART II (Variable exceptions such as taxes, easements, CC&R’s, etc., are inserted here) Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 ATTACHMENT ONE (CONTINUED) Page 21 of 27 Attachment One (11/04/22) CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE OWNER'S POLICY (02-04-22) EXCLUSIONS FROM COVERAGE The following matters are 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) that restricts, regulates, prohibits, or relates to: i.the occupancy, use, or enjoyment of the Land; ii.the character, dimensions, or location of any improvement on the Land; iii.the subdivision of land; or iv.environmental remediation or protection. b.any governmental forfeiture, police, regulatory, or national security power. c.the effect of a violation or enforcement of any matter excluded under Exclusion 1.a. or 1.b. Exclusion 1 does not modify or limit the coverage provided under Covered Risk 5 or 6. 2.Any power of eminent domain. Exclusion 2 does not modify or limit the coverage provided under Covered Risk 7. 3.Any defect, lien, encumbrance, adverse claim, or other matter: a.created, suffered, assumed, or agreed to by the Insured Claimant; b.not Known to the Company, not recorded in the Public Records at the 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 the Date of Policy (Exclusion 3.d. 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 consideration sufficient to qualify the Insured named in Schedule A as a bona fide purchaser had been given for the Title at the Date of Policy. 4.Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights law, that the transaction vesting the Title as shown in Schedule A is a: a.fraudulent conveyance or fraudulent transfer; b.voidable transfer under the Uniform Voidable Transactions Act; or c.preferential transfer: i.to the extent the instrument of transfer vesting the Title as shown in Schedule A is not a transfer made as a contemporaneous exchange for new value; or ii.for any other reason not stated in Covered Risk 9.b. 5.Any claim of a PACA-PSA Trust. Exclusion 5 does not modify or limit the coverage provided under Covered Risk 8. 6.Any lien on the Title for real estate taxes or assessments imposed or collected by a governmental authority that becomes due and payable after the Date of Policy. Exclusion 6 does not modify or limit the coverage provided under Covered Risk 2.b. 7 Any discrepancy in the quantity of the area, square footage, or acreage of the Land or of any improvement to the Land. EXCEPTIONS FROM COVERAGE Some historical land records contain Discriminatory Covenants that are illegal and unenforceable by law. This policy treats any Discriminatory Covenant in a document referenced in Schedule B as if each Discriminatory Covenant is redacted, repudiated, removed, and not republished or recirculated. Only the remaining provisions of the document are excepted from coverage. This policy does not insure against loss or damage and the Company will not pay costs, attorneys’ fees, or expenses resulting from the terms and conditions of any lease or easement identified in Schedule A, and the following matters: PART I 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 at Date of Policy but that could be (a) ascertained by an inspection of the Land, or (b) asserted by persons or parties in possession of the Land. 3.Easements, liens or encumbrances, or claims thereof, not shown by the Public Records at Date of Policy. 4.Any encroachment, encumbrance, violation, variation, easement, 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 at Date of Policy. 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, material or equipment unless such lien is shown by the Public Records at Date of Policy. 7.Any claim to (a) ownership of or rights to minerals and similar substances, including but not limited to ores, metals, coal, lignite, oil, gas, uranium, clay, rock, sand, and gravel located in, on, or under the Land or produced from the Land, whether such ownership or rights arise by lease, grant, exception, conveyance, reservation, or otherwise; and (b) any rights, privileges, immunities, rights of way, and easements associated therewith or appurtenant thereto, whether or not the interests or rights excepted in (a) or (b) appear in the Public Records or are shown in Schedule B. PART II (Variable exceptions such as taxes, easements, CC&R’s, etc., are inserted here) Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 ATTACHMENT ONE (CONTINUED) Page 22 of 27 Attachment One (11/04/22) CLTA/ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE (7-01-21) EXCLUSIONS FROM COVERAGE The following matters are excluded from the coverage of this policy and We 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) that restricts, regulates, prohibits, or relates to: i.the occupancy, use, or enjoyment of the Land; ii.the character, dimensions, or location of any improvement on the Land; iii.the subdivision of land; or iv.environmental remediation or protection. b.any governmental forfeiture, police, or regulatory, or national security power. c.the effect of a violation or enforcement of any matter excluded under Exclusion 1.a. or 1.b. Exclusion 1 does not modify or limit the coverage provided under Covered Risk 8.a., 14, 15, 16, 18, 19, 20, 23, or 27. 2.Any power to take the Land by condemnation. Exclusion 2 does not modify or limit the coverage provided under Covered Risk 17. 3.Any defect, lien, encumbrance, adverse claim, or other matter: a.created, suffered, assumed, or agreed to by You; b.not Known to Us, not recorded in the Public Records at the Date of Policy, but Known to You and not disclosed in writing to Us by You prior to the date You became an Insured under this policy; c.resulting in no loss or damage to You; d.attaching or created subsequent to the Date of Policy (Exclusion 3.d. does not modify or limit the coverage provided under Covered Risk 5, 8.f., 25, 26, 27, 28, or 32); or e.resulting in loss or damage that would not have been sustained if You paid consideration sufficient to qualify You as a bona fide purchaser of the Title at the Date of Policy. 4.Lack of a right: a.to any land outside the area specifically described and referred to in Item 3 of Schedule A; and b.in any street, road, avenue, alley, lane, right-of-way, body of water, or waterway that abut the Land. Exclusion 4 does not modify or limit the coverage provided under Covered Risk 11 or 21. 5.The failure of Your existing structures, or any portion of Your existing structures, to have been constructed before, on, or after the Date of Policy in accordance with applicable building codes. Exclusion 5 does not modify or limit the coverage provided under Covered Risk 14 or 15. 6.Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights law, that the transfer of the Title to You is a: a.fraudulent conveyance or fraudulent transfer; b.voidable transfer under the Uniform Voidable Transactions Act; or c.preferential transfer: i.to the extent the instrument of transfer vesting the Title as shown in Schedule A is not a transfer made as a contemporaneous exchange for new value; or ii.for any other reason not stated in Covered Risk 30. 7.Contamination, explosion, fire, flooding, vibration, fracturing, earthquake, or subsidence. 8.Negligence by a person or an entity exercising a right to extract or develop oil, gas, minerals, groundwater, or any other subsurface substance. 9.Any lien on Your Title for real estate taxes or assessments, imposed or collected by a governmental authority that becomes due and payable after the Date of Policy. Exclusion 9 does not modify or limit the coverage provided under Covered Risk 8.a or 27. 10.Any discrepancy in the quantity of the area, square footage, or acreage of the Land or of any improvement to the Land. 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 16:1.00% of Policy Amount Shown in Schedule A or $2,500.00 (whichever is less) $ 10,000.00 Covered Risk 18:1.00% of Policy Amount Shown in Schedule A or $5,000.00 (whichever is less) $ 25,000.00 Covered Risk 19:1.00% of Policy Amount Shown in Schedule A or $5,000.00 (whichever is less) $ 25,000.00 Covered Risk 21:1.00% of Policy Amount Shown in Schedule A or $2,500.00 (whichever is less) $ 5,000.00 Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 ATTACHMENT ONE (CONTINUED) Page 23 of 27 Attachment One (11/04/22) 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 16:1.00% of Policy Amount Shown in Schedule A or $2,500.00 (whichever is less) $ 10,000.00 Covered Risk 18:1.00% of Policy Amount Shown in Schedule A or $5,000.00 (whichever is less) $ 25,000.00 Covered Risk 19:1.00% of Policy Amount Shown in Schedule A or $5,000.00 (whichever is less) $ 25,000.00 Covered Risk 21:1.00% of Policy Amount Shown in Schedule A or $2,500.00 (whichever is less) $ 5,000.00 Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 ATTACHMENT ONE (CONTINUED) Page 24 of 27 Attachment One (11/04/22) ALTA OWNER’S POLICY (07-01-2021) EXCLUSIONS FROM COVERAGE The following matters are 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) that restricts, regulates, prohibits, or relates to: i.the occupancy, use, or enjoyment of the Land; ii.the character, dimensions, or location of any improvement on the Land; iii.the subdivision of land; or iv.environmental remediation or protection. b.any governmental forfeiture, police, regulatory, or national security power. c.the effect of a violation or enforcement of any matter excluded under Exclusion 1.a. or 1.b. Exclusion 1 does not modify or limit the coverage provided under Covered Risk 5 or 6. 2.Any power of eminent domain. Exclusion 2 does not modify or limit the coverage provided under Covered Risk 7. 3.Any defect, lien, encumbrance, adverse claim, or other matter: a.created, suffered, assumed, or agreed to by the Insured Claimant; b.not Known to the Company, not recorded in the Public Records at the 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 the Date of Policy (Exclusion 3.d. 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 consideration sufficient to qualify the Insured named in Schedule A as a bona fide purchaser had been given for the Title at the Date of Policy. 4.Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights law, that the transaction vesting the Title as shown in Schedule A is a: a.fraudulent conveyance or fraudulent transfer; b.voidable transfer under the Uniform Voidable Transactions Act; or c.preferential transfer: i.to the extent the instrument of transfer vesting the Title as shown in Schedule A is not a transfer made as a contemporaneous exchange for new value; or ii.for any other reason not stated in Covered Risk 9.b. 5.Any claim of a PACA-PSA Trust. Exclusion 5 does not modify or limit the coverage provided under Covered Risk 8. 6.Any lien on the Title for real estate taxes or assessments, imposed or collected by a governmental authority that becomes due and payable after the Date of Policy. Exclusion 6 does not modify or limit the coverage provided under Covered Risk 2.b. 7.Any discrepancy in the quantity of the area, square footage, or acreage of the Land or of any improvement to the Land. EXCEPTIONS FROM COVERAGE Some historical land records contain Discriminatory Covenants that are illegal and unenforceable by law. This policy treats any Discriminatory Covenant in a document referenced in Schedule B as if each Discriminatory Covenant is redacted, repudiated, removed, and not republished or recirculated. Only the remaining provisions of the document are excepted from coverage. This policy does not insure against loss or damage and the Company will not pay costs, attorneys' fees, or expenses resulting from the terms and conditions of any lease or easement identified in Schedule A, and the following matters: NOTE: The 2021 ALTA Owner’s Policy may be issued to afford either Standard Coverage or Extended Coverage. In addition to variable exceptions such as taxes, easements, CC&R’s, etc., the Exceptions from Coverage in a Standard Coverage policy will also include the Western Regional Standard Coverage Exceptions listed as 1 through 7 below: 1.(a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2.Any facts, rights, interests, or claims that are not shown by the Public Records at Date of Policy but that could be (a) ascertained by an inspection of the Land or (b) asserted by persons or parties in possession of the Land. 3.Easements, liens or encumbrances, or claims thereof, not shown by the Public Records at Date of Policy. 4.Any encroachment, encumbrance, violation, variation, easement, 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 at Date of Policy. 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, material or equipment unless such lien is shown by the Public Records at Date of Policy. 7.Any claim to (a) ownership of or rights to minerals and similar substances, including but not limited to ores, metals, coal, lignite, oil, gas, uranium, clay, rock, sand, and gravel located in, on, or under the Land or produced from the Land, whether such ownership or rights arise by lease, grant, exception, conveyance, reservation, or otherwise; and (b) any rights, privileges, immunities, rights of way, and easements associated therewith or appurtenant thereto, whether or not the interests or rights excepted in (a) or (b) appear in the Public Records or are shown in Schedule B. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 ATTACHMENT ONE (CONTINUED) Page 25 of 27 Attachment One (11/04/22) 2006 ALTA OWNER’S POLICY (06-17-06) EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: 1.(a)Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (i)the occupancy, use, or enjoyment of the Land; (ii)the character, dimensions, or location of any improvement erected on the Land; (iii)the subdivision of land; or (iv)environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5. (b)Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. 2.Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3.Defects, liens, encumbrances, adverse claims, or other matters (a)created, suffered, assumed, or agreed to by the Insured Claimant; (b)not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c)resulting in no loss or damage to the Insured Claimant; (d)attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 9 and 10); or (e)resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4.Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws, that the transaction vesting the Title as shown in Schedule A, is (a)a fraudulent conveyance or fraudulent transfer; or (b)a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5.Any 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. 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: NOTE: The 2006 ALTA Owner’s Policy may be issued to afford either Standard Coverage or Extended Coverage. In addition to variable exceptions such as taxes, easements, CC&R’s, etc., the Exceptions from Coverage in a Standard Coverage policy will also include the Western Regional Standard Coverage Exceptions listed below as 1 through 7 below: 1.(a) Taxes or assessments that are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the Public Records; (b) proceedings by a public agency that may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the Public Records. 2.Any facts, rights, interests, or claims that are not shown by the Public Records at Date of Policy but that could be (a) ascertained by an inspection of the Land, or (b) asserted by persons or parties in possession of the Land. 3.Easements, liens or encumbrances, or claims thereof, not shown by the Public Records at Date of Policy. 4.Any encroachment, encumbrance, violation, variation, easement, 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 at Date of Policy. 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, material or equipment unless such lien is shown by the Public Records at Date of Policy.] 7.Any claim to (a) ownership of or rights to minerals and similar substances, including but not limited to ores, metals, coal, lignite, oil, gas, uranium, clay, rock, sand, and gravel located in, on, or under the Land or produced from the Land, whether such ownership or rights arise by lease, grant, exception, conveyance, reservation, or otherwise; and (b) any rights, privileges, immunities, rights of way, and easements associated therewith or appurtenant thereto, whether or not the interests or rights excepted in (a) or (b) appear in the Public Records or are shown in Schedule B. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 Notice of Available Discounts Notice of Available Discounts Printed: 06.02.25 @ 09:31 AM SCA0003004.doc / Updated: 02.28.25 Page 26 of 27 CA-CW -FXFC-02620.206538-932503567 Pursuant to Section 2355.3 in Title 10 of the California Code of Regulations Fidelity National Financial, Inc. and its subsidiaries ("FNF") must deliver a notice of each discount available under our current rate filing along with the delivery of escrow instructions, a preliminary report or commitment. Please be aware that the provision of this notice does not constitute a waiver of the consumer's right to be charged the filed rate. As such, your transaction may not qualify for the below discounts. You are encouraged to discuss the applicability of one or more of the below discounts with a Company representative. These discounts are generally described below; consult the rate manual for a full description of the terms, conditions and requirements for such discount. These discounts only apply to transactions involving services rendered by the FNF Family of Companies. This notice only applies to transactions involving property improved with a one-to-four family residential dwelling. Not all discounts are offered by every FNF Company. The discount will only be applicable to the FNF Company as indicated by the named discount. FNF Underwritten Title Companies Underwritten by FNF Underwriters CTC - Chicago Title Company CTIC - Chicago Title Insurance Company CLTC - Commonwealth Land Title Company CLTIC - Commonwealth Land Title Insurance Co. FNTC - Fidelity National Title Company FNTIC - Fidelity National Title Insurance Co. FNTCCA - Fidelity National Title Company of California NTINY - National Title Insurance of New York TICOR - Ticor Title Company of California LTC - Lawyer's Title Company SLTC - ServiceLink Title Company Available Discounts CHURCHES OR CHARITABLE NON-PROFIT ORGANIZATIONS (CTIC, CLTIC, FNTIC, NTINY) On properties used as a church or for charitable purposes within the scope of the normal activities of such entities, provided said charge is normally the church's obligation the charge for an owner's policy shall be fifty percent (50%) to seventy percent (70%) of the appropriate title insurance rate, depending on the type of coverage selected. The charge for a lender's policy shall be forty percent (40%) to fifty percent (50%) of the appropriate title insurance rate, depending on the type of coverage selected. DISASTER AREA TRANSACTIONS (CTIC, CLTIC, FNTIC, NTINY) This rate is available for individuals or entities that were victims of a national or state disaster. The rate can be used for a Lender's Policy (Standard or Extended), or an Owner's Policy (Standard or Homeowners coverage). To qualify for this rate, the applicant must, prior to the closing of the applicable transaction, make a written request, including a statement meeting the following criteria: A.The subject property is in a disaster area declared by the government of the United States or the State of California. B.The subject property was substantially or totally destroyed in the declared disaster. C.The subject property ownership has not changed since the time of the disaster. The rate will be fifty percent (50%) of the applicable rate, and the transaction must be completed within sixty (60) months of the date of the declaration of the disaster. DISASTER AREA ESCROWS (CTC, CLTC, FNTC, TICOR, LTC) This rate is available for individuals or entities that were victims of a national or state disaster. The rate can be used for a loan or a sale escrow transaction. To qualify for this rate, the applicant must, prior to the closing of the applicable transaction, make a written request, including a statement meeting the following criteria: A.The subject property is in a disaster area declared by the government of the United States or the State of California. B.The subject property was substantially or totally destroyed in the declared disaster. C.The subject property ownership has not changed since the time of the disaster. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 Notice of Available Discounts (continued) Notice of Available Discounts Printed: 06.02.25 @ 09:31 AM SCA0003004.doc / Updated: 02.28.25 Page 27 of 27 CA-CW -FXFC-02620.206538-932503567 The rate will be fifty percent (50%) of the applicable rate, and the transaction must be completed within sixty (60) months of the date of the declaration of the disaster. Standard minimum charge applies based upon property type. No other discounts or special rates, or combination of discounts or special rates, shall be applicable. Applies to a single transaction per property. This rate is applicable to the following Zones/Counties: Zone 1.A: Orange County Zone 1.B: Riverside and San Bernardino Counties Zone 2: Los Angeles County Zone 3: Ventura County Zone 10: San Diego County Zone 12: Imperial County If used for a sale transaction, the application of this rate assumes the charge for the Residential Sale Escrow Services (RSES) fee will be split evenly between buyer and seller. As such and regardless of how the calculated applicable RSES will be split between the disaster victim and the other principal, the rate will be applied only to one half (1/2) of the calculated applicable RSES fee, regardless of whether the disaster victim is paying half (1/2) of the RSES fee (as is customary) or paying the entire fee. The rate under this provision will be fifty percent (50%) of disaster victims' one half (1/2) portion only and shall not apply to any portion paid by non-disaster victim. Additional services will be charged at the normal rates. MILITARY DISCOUNT RATE (CTIC, CLTIC, FNTIC) Upon the Company being advised in writing and prior to the closing of the transaction that an active duty, honorably separated, or retired member of the United States Military or Military Reserves or National Guard is acquiring or selling an owner occupied one-to-four family property, the selling owner or acquiring buyer, as applicable, will be entitled to a discount equal to fifteen percent (15%) of the otherwise applicable rates such party would be charged for title insurance policies. Minimum charge: Four Hundred Twenty-Five And No/100 Dollars ($425.00) The Company may require proof of eligibility from the parties to the transaction verifying they are entitled to the discount as described. No other discounts or special rates, or combination of discounts or special rates, shall be applicable. MILITARY RATE (SLTC) A discount of twenty percent (20%) off the purchase transaction closing and settlement fee or a discount of One Hundred And No/100 Dollars ($100.00) off the refinance closing and settlement fee, will be applied when the loan is guaranteed by the United States Veterans Administration and the escrow fee is being paid by the consumer and is listed as paid by borrower on the Closing Disclosure and final Settlement Statement. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 OWNER'S DECLARATION Owner's Declaration Printed: 06.02.25 @ 09:32 AM by SCA0002873.doc / Updated: 07.18.24 Page 1 CA-CW -FXFC-02620.206538-932503567 Escrow No.:932503567U Property:No Situs, Cathedral City, CA 92234 The undersigned hereby declares as follows: 1.(Fill in the applicable paragraph and strike the other) A.Declarant ("Owner") is the owner or lessee, as the case may be, of certain premises located at No Situs, Cathedral City, CA 92234, further described as follows: See Preliminary Report/Commitment No. 932503567 for full legal description (the "Land"). B.Declarant is the __________________________ of ________________________________ ("Owner"), which is the owner or lessee, as the case may be, of certain premises located at No Situs, Cathedral City, CA 92234, further described as follows: See Preliminary Report/Commitment No. 932503567 for full legal description (the "Land"). 2.(Fill in the applicable paragraph and strike the other) A.During the period of six (6) months immediately preceding the date of this declaration no work has been done, no surveys or architectural or engineering plans have been prepared, and no materials have been furnished in connection with the erection, equipment, repair, protection or removal of any building or other structure on the Land or in connection with the improvement of the Land in any manner whatsoever. B.During the period of six (6) months immediately preceding the date of this declaration certain work has been done and materials furnished in connection with _________________________ upon the Land in the approximate total sum of $____________________, but no work whatsoever remains to be done and no materials remain to be furnished to complete the construction in full compliance with the plans and specifications, nor are there any unpaid bills incurred for labor and materials used in making such improvements or repairs upon the Land, or for the services of architects, surveyors or engineers, except as follows: ________________________________________. Owner, by the undersigned Declarant, agrees to and does hereby indemnify and hold harmless Commonwealth Land Title Insurance Company against any and all claims arising therefrom. 3.Owner has not previously conveyed the Land; is not a debtor in bankruptcy (and if a partnership, the general partner thereof is not a debtor in bankruptcy); and has not received notice of any pending court action affecting the title to the Land. 4.Except as shown in the above referenced Preliminary Report/Commitment, there are no unpaid or unsatisfied mortgages, deeds of trust, Uniform Commercial Code financing statements, regular assessments, special assessments, periodic assessments or any assessment from any source, claims of lien, special assessments, or taxes that constitute a lien against the Land or that affect the Land but have not been recorded in the public records. There are no violations of the covenants, conditions and restrictions as shown in the above referenced Preliminary Report/Commitment. 5.The Land is currently in use as ______________________________; ______________________________ occupy/occupies the Land; and the following are all of the leases or other occupancy rights affecting the Land: 6.There are no other persons or entities that assert an ownership interest in the Land, nor are there unrecorded easements, claims of easement, or boundary disputes that affect the Land. 7.There are no outstanding options to purchase or rights of first refusal affecting the Land. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 OWNER'S DECLARATION (continued) Owner's Declaration Printed: 06.02.25 @ 09:32 AM by SCA0002873.doc / Updated: 07.18.24 Page 2 CA-CW -FXFC-02620.206538-932503567 8.Between the most recent Effective Date of the above referenced Preliminary Report/Commitment and the date of recording of the Insured Instrument(s), Owner has not taken or allowed, and will not take or allow, any action or inaction to encumber or otherwise affect title to the Land. 9.That the undersigned has not received any written notice of violation of any covenants, conditions or restrictions, if any, affecting the Land. 10.That there are no outstanding unpaid sellers or suppliers of PACA/PASA commodities or products incurred by the Lessee, except: 11.That no notices of claim or notices of intent to preserve claim rights have been received by the Company from PACA/PASA sellers or suppliers of the Lessee, except: This declaration is made with the intention that Commonwealth Land Title Insurance Company (the "Company") and its policy issuing agents will rely upon it in issuing their title insurance policies and endorsements. Owner, by the undersigned Declarant, agrees to indemnify the Company against loss or damage (including attorneys' fees, expenses, and costs) incurred by the Company as a result of any untrue statement made herein. Additionally, Owner, by the undersigned Declarant, agrees to indemnify and hold the Company harmless during the gap period between the last title examination of the Land that was conducted by, for and/or on behalf of the Company, and the time when the deed, assignments and any other documents creating priority of title are recorded in connection with the sale and/or transfer of the Land. I declare under penalty of perjury that the foregoing is true and correct and that this declaration was executed on June 2, 2025 at 09:32 AM. Molson Cimarron LLC, a California limited liabilty company By:________________________________ Name: Its: Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 Commonwealth Land Title Company 4400 MacArthur Blvd, Suite 800 Newport Beach, CA 92660 Phone: (949)724-3140 Buyer's Estimated Settlement Statement Closing Date: Order Number:932503567 Escrow Officer:Grace Kim Buyer:City of Palm Springs, a California charter city and municipal corporation Seller:Molson Cimarron LLC, a California limited liabilty company Lender: Property:No Situs Cathedral City, CA 92234 Buyer Debit Credit Total Consideration Purchase Price 14,049.50 Title / Settlement Charges Recording Service Fee (CA 999)to Simplifile 45.00 Overnight/Messenger Fees to Commonwealth Land Title Company 100.00 Municipal Extra Work Charge to Commonwealth Land Title Company 350.00 Owner's Policy Premium to Commonwealth Land Title Company Coverage:$14,049.50 Version:CLTA Standard Coverage Owner's Policy - 2022 396.00 Escrow Settlement Fee to Commonwealth Land Title Company 1,200.00 Miscellaneous Charges Mobile Notary Fee to Approved Notary 250.00 Escrow Pad to Commonwealth Land Title Company 1,000.00 Subtotals 17,390.50 0.00 Balance Due FROM Buyer 17,390.50 Totals 17,390.50 17,390.50 Printed on 6/2/2025 4:55:38 PM 932503567 Page 1 of 2 Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 BUYER City of Palm Springs, a California charter city and municipal corporation By:________________________________ Scott C. Stiles, City Manager ATTEST: By:________________________________ Brenda Pree, MMC, CERA, City Clerk APPROVED AS TO FORM: By:________________________________ Jeffrey Ballinger, Esquire, City Attorney Buyer's Estimated Settlement Statement Printed on 6/2/2025 4:55:38 PM 932503567 Page 2 of 2 Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 ESCROW ACCEPTANCE LETTER Escrow Acceptance Letter (NCS)Printed: 06.02.25 @ 07:39 PM by SCA0003100.doc / Updated: 08.27.24 Page 1 CA-CW-FXFC-02620.206538-932503567 Date:June 2, 2025 Escrow No.:932503567U Escrow Officer:Grace Kim Property:No Situs, Cathedral City, CA 92234 This letter shall serve as notification of the opening of escrow with Commonwealth Land Title Company, under the above referenced escrow number for property known as: No Situs, Cathedral City, CA 92234. The opening date is May 28, 2025, said date being the date Escrow Holder received a fully executed copy of the Temporary Construction Easement Agreement 25L142 ("Agreement") dated May 7, 2025 by and between Molson Cimarron LLC, a California limited liabilty company ("Seller") and City of Palm Springs, a California charter city and municipal corporation ("Buyer"). Commonwealth Land Title Company as Escrow Holder, accepts said Agreement as the complete agreement between the parties and agrees to act in accordance with the terms, conditions and provisions as required and as applicable to the closing of this escrow. The parties agree to hand Escrow Holder all necessary documents and funds to comply with all terms, conditions and provisions and as a condition of Escrow Holder's acceptance of the limited agency, agree to be bound by the attached General Provisions. Should there by a conflict in the terms of Escrow Holder's General Provisions and those of the Agreement, the General Provisions shall control as to the performance and duties of Escrow Holder. The terms and conditions of these provisions are deemed to be incorporated by reference. LEGAL DESCRIPTION: Seller's execution of the conveying Deed and Buyer's approval of the Preliminary Report or Commitment shall be deemed to be each party's approval of the legal description which is the subject of this escrow. INVESTMENT OF FUNDS: If the Agreement calls for the investment of funds for either party, it is acknowledged by Buyer and Seller that Escrow Holder must be in receipt of its standard form of investment instructions executed by Buyer and Seller together with a completed and executed W-9 form that is required by the Bank prior to the establishment of the investment account. TERMINATION, BREACH OR DEFAULT: In the event of termination, breach or default by either Buyer or Seller, Escrow Holder may require mutual written instructions prior to the disbursement of any funds or documents or elect to operate in accordance with Escrow Holder's General Provisions. AUTOMATIC TERMINATION: In the event the Agreement contains an automatic termination clause, the cancellation of this escrow and disbursement of funds in accordance therewith, shall be without liability to Escrow Holder, without notice to or additional instruction from either party and notwithstanding any conflicting instructions that may be deposited by either party to the contrary. Buyer and Seller shall indemnify and hold Escrow Holder harmless from any loss that may be sustained due to Escrow Holder's compliance with said instructions. RELEASE OF FUNDS PRIOR TO CLOSE OF ESCROW: In the event this escrow calls for release of funds prior to close of escrow in accordance with Agreement, the parties are notified that this escrow will have not been completed, that no documents will have been recorded to comply with the instructions given and the authority for releasing said funds is given with full knowledge of the condition of said escrow and title to the property that is the subject thereof. The release of said funds is without liability or recourse upon Escrow Holder for the ultimate outcome of this transaction or for the return of said funds in the event this escrow is not consummated. Escrow Holder may require separate written instructions prior to the release of funds. TAX-DEFERRED EXCHANGE: In the event the Agreement provides Buyer and/or Seller with the option to enter into a 1031 tax-deferred exchange, the parties shall cooperate and execute the necessary documents to effect same; provided, however, that the cooperating party shall be at no expense or liability in effecting said exchange and said exchange shall not delay the close of escrow. The parties are advised to seek the advice of a tax attorney or Certified Public Accountant for the determination of any income tax consequences of an exchange and acknowledge that Commonwealth Land Title Company make no representations concerning same. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 ESCROW ACCEPTANCE LETTER (continued) Escrow Acceptance Letter (NCS)Printed: 06.02.25 @ 07:39 PM by SCA0003100.doc / Updated: 08.27.24 Page 2 CA-CW-FXFC-02620.206538-932503567 ATTORNEY RELEASE: If either party is represented by an attorney, Escrow Holder shall communicate with and rely upon instructions provided by the attorney. CLOSE OF ESCROW: For the purposes of closing this escrow, all parties acknowledge that “close of escrow” shall be the date on which the Deed conveying title (along with any financing documents) is recorded PRO-RATIONS: The escrow Holder shall make no pro-rations in this escrow. MONETARY LIENS OR ENCUMBRANCES OF RECORD: Prior to the close of escrow, the Escrow Holder is authorized and instructed to obtain beneficiary statements, demands, and/or cause the reconveyance, partial reconveyance, or subordination, as the case may be, of any monetary exception or on any matter of record required to place title in the condition called for, pursuant to the Agreement. TAX EXEMPT ENTITY: All parties hereto acknowledge that the buyer is public entity and exempt from payment of any real property taxes. There will be no proration of taxes through escrow. Seller will be responsible for payment of any real property taxes due prior to close of escrow. In the event any real property taxes are due and unpaid at the close of escrow, Escrow Holder is hereby authorized and instructed to pay such taxes from proceeds due the Seller at the close of escrow. Seller understands that the Tax Collector will not accept partial payment of an installment of the real property taxes due at the close of escrow. At the close of escrow, the Buyer will file any necessary documentation with the County Tax Collector/Assessor for the property tax exemption. In the event this escrow closes between July 1 and November 1 and current tax information is not available from County Tax Collector, Escrow Holder is instructed to withhold 125% of the previous fiscal year’s tax bill from Seller’s proceeds. At such time that the tax information is available, Escrow Holder shall make a payment to County Tax Collector and return any difference to the Seller. In the event the amount withheld is not sufficient to pay Seller’s taxes due, the Seller herein agrees to immediately deposit any shortage to escrow holder within 48 hours of notification. Any prorated refund that will be due the Seller will be refunded to the Seller by the County Tax Collector/Assessor outside of escrow and Escrow Holder shall have no liability and/or responsibility in connection therewith. TAX ASSESSMENT: Buyer and Seller warrant through their approval of the estimated settlement statements, that all items to be prorated through the closing, including but not limited to supplemental or escaped real property taxes, will be disclosed and properly prorated based on the most recent available figures set forth in the preliminary report/commitment and/or any supplements or amendments thereto. There will be no re-proration of any items through this escrow after closing. Seller represents to buyer and Escrow Holder that Seller is unaware of any other supplemental/escaped assessments and Seller has not received any refunds as a result of a supplemental assessment. Any subsequent supplemental/escaped assessments will be handled direct and outside of escrow between Buyer and Seller. GENERAL PROVISION ACKNOWLEDGEMENT: By their signature(s) below, Buyer and Seller acknowledge and agree that the General Provisions are incorporated hereto and made a part hereof. DOCUMENT EXECUTION GUIDELINES: Prior to the execution of recordable documents, please refer to our Documents Execution Guidelines attached hereto. NOTICES: All notices for Escrow Holder should be forwarded to: Commonwealth Land Title Company Attn: Grace Kim 4400 MacArthur Blvd, Suite 800 Newport Beach, CA 92660 Phone:9497243141 Fax:714-459-7217 Email:GUKim@cltic.com Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 ESCROW ACCEPTANCE LETTER (continued) Escrow Acceptance Letter (NCS)Printed: 06.02.25 @ 07:39 PM by SCA0003100.doc / Updated: 08.27.24 Page 3 CA-CW-FXFC-02620.206538-932503567 Thank you for choosing Commonwealth Land Title Company. We appreciate your business and look forward to a successful closing. Please contact me with any questions or concerns. Sincerely, Grace Kim Commercial Escrow Officer GUKim@cltic.com cc:KIm Grace / Commonwealth Land Title Company Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 ESCROW ACCEPTANCE LETTER (continued) Escrow Acceptance Letter (NCS)Printed: 06.02.25 @ 07:39 PM by SCA0003100.doc / Updated: 08.27.24 Page 4 CA-CW-FXFC-02620.206538-932503567 IN WITNESS WHEREOF, the undersigned have executed this document on the date(s) set forth below. BUYER(S): City of Palm Springs, a California charter city and municipal corporation By:________________________________ Scott C. Stiles, City Manager ATTEST: By:________________________________ Brenda Pree, MMC, CERA, City Clerk APPROVED AS TO FORM: By:________________________________ Jeffrey Ballinger, Esquire, City Attorney Date SELLER(S): Molson Cimarron LLC, a California limited liabilty company By:________________________________ Name: Its: Date Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 6/11/2025 GENERAL PROVISIONS Escrow Acceptance Letter (NCS)Printed: 06.02.25 @ 07:39 PM by SCA0003100.doc / Updated: 08.27.24 Page 5 CA-CW-FXFC-02620.206538-932503567 1. DEPOSIT OF FUNDS The law dealing with the disbursement of funds requires that all funds be available for withdrawal as a matter of right by the title entity's escrow and/or sub escrow account prior to disbursement of any funds. Only cash or wire-transferred funds can be given immediate availability upon deposit. Cashier's checks, teller's checks and Certified checks may be available one business day after deposit. All other funds such as personal, corporate or partnership checks and drafts are subject to mandatory holding periods which may cause material delays in disbursement of funds in this escrow. In order to avoid delays, all fundings should be wire transferred. Outgoing wire transfers will not be authorized until confirmation of the respective incoming wire transfer or of availability of deposited checks. Deposit of funds into general escrow trust account unless instructed otherwise. You may instruct Escrow Holder to deposit your funds into an interest bearing account by signing and returning the "Escrow Instructions - Interest Bearing Account". If you do not so instruct us, then all funds received in this escrow shall be deposited with other escrow funds in one or more general escrow trust accounts, which include both non-interest bearing demand accounts and other depository accounts of Escrow Holder, in any state or national bank or savings and loan association insured by the Federal Deposit Insurance Corporation (the "depository institutions") and may be transferred to any other such escrow trust accounts of Escrow Holder or one of its affiliates, either within or outside the State of California. A general escrow trust account is restricted and protected against claims by third parties and creditors of Escrow Holder and its affiliates. Receipt of benefits by Escrow Holder and affiliates. The parties to this escrow acknowledge that the maintenance of such general escrow trust accounts with some depository institutions may result in Escrow Holder or its affiliates being provided with an array of bank services, accommodations or other benefits by the depository institution. Some or all of these benefits may be considered interest due you under California Insurance Code Section 12413.5. Escrow Holder or its affiliates also may elect to enter into other business transactions with or obtain loans for investment or other purposes from the depository institution. All such services, accommodations, and other benefits shall accrue to Escrow Holder or its affiliates and Escrow Holder shall have no obligation to account to the parties to this escrow for the value of such services, accommodations, interest or other benefits. Said funds will not earn interest unless the instructions otherwise specifically state that funds shall be deposited in an interest-bearing account. All disbursements shall be made by check of Commonwealth Land Title Company. The principals to this escrow are hereby notified that the funds deposited herein are insured only to the limit provided by the Federal Deposit Insurance Corporation. Any instruction for bank wire will provide reasonable time or notice for Escrow Holder's compliance with such instruction. Escrow Holder's sole duty and responsibility shall be to place said wire transfer instructions with its wiring bank upon confirmation of (1) satisfaction of conditions precedent or (2) document recordation at close of escrow. Escrow Holder will NOT be held responsible for lost interest due to wire delays caused by any bank or the Federal Reserve System, and recommends that all parties make themselves aware of banking regulations with regard to placement of wires. In the event there is insufficient time to place a wire upon any such confirmation or the wires have closed for the day, the parties agree to provide written instructions for an alternative method of disbursement. WITHOUT AN ALTERNATIVE DISBURSEMENT INSTRUCTION, FUNDS WILL BE HELD IN TRUST IN A NON-INTEREST BEARING ACCOUNT UNTIL THE NEXT OPPORTUNITY FOR WIRE PLACEMENT. 2. PRORATIONS AND ADJUSTMENTS All prorations and/or adjustments called for in this escrow are to be made on the basis of a thirty (30) day month unless otherwise instructed in writing. You are to use information contained on last available tax statement, rental statement as provided by the Seller, beneficiary's statement and fire insurance policy delivered into escrow for the prorations provided for herein. 3. SUPPLEMENTAL TAXES The within described property may be subject to supplemental real property taxes due to the change of ownership taking place through this escrow. Any supplemental real property taxes arising as a result of the transfer of the property to Buyer shall be the sole responsibility of Buyer and any supplemental real property taxes arising prior to the closing date shall be the sole responsibility of the Seller. TAX BILLS ISSUED AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN BUYER AND SELLER. 4. UTILITIES/POSSESSION Transfer of utilities and possession of the premises are to be settled by the parties directly and outside escrow. 5. PREPARATION AND RECORDATION OF INSTRUMENTS Escrow Holder is authorized to prepare, obtain, record and deliver the necessary instruments to carry out the terms and conditions of this escrow and to order the policy of title insurance to be issued at close of escrow as called for in these instructions. Close of escrow shall mean the date instruments are recorded. 6. AUTHORIZATION TO FURNISH COPIES You are authorized to furnish copies of these instructions, supplements, amendments, notices of cancellation and closing statements, to the Real Estate Broker(s) and Lender(s) named in this escrow. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 GENERAL PROVISIONS (Continued) Escrow Acceptance Letter (NCS)Printed: 06.02.25 @ 07:39 PM by SCA0003100.doc / Updated: 08.27.24 Page 6 CA-CW-FXFC-02620.206538-932503567 7. RIGHT OF CANCELLATION Any principal instructing you to cancel this escrow shall file notice of cancellation in your office in writing. You shall, within two (2) working days thereafter, deliver, one (1) copy of such notice to each of the other principals at the addresses stated in this escrow. UNLESS WRITTEN OBJECTION TO CANCELLATION IS FILED IN YOUR OFFICE BY A PRINCIPAL WITHIN TEN (10) DAYS AFTER DATE OF SUCH DELIVERY, YOU ARE AUTHORIZED TO COMPLY WITH SUCH NOTICE AND DEMAND PAYMENT OF YOUR CANCELLATION CHARGES. If written objection is filed, you are authorized to hold all money and instruments in this escrow and take no further action until otherwise directed, either by the principals' mutual written instructions, or by final order of a court of competent jurisdiction. 8. PERSONAL PROPERTY No examination or insurance as to the amount or payment of personal property taxes is required unless specifically requested. By signing these General Provisions, the parties to the escrow hereby acknowledge that they are indemnifying the Escrow Holder against any and all matters relating to any "Bulk Sales" requirements, and instruct Escrow Agent to proceed with the closing of escrow without any consideration of matter of any nature whatsoever regarding "Bulk Sales" being handled through escrow. 9. RIGHT OF RESIGNATION Escrow Holder has the right to resign upon written notice delivered to the principals herein. If such right is exercised, all funds and documents shall be returned to the party who deposited them and Escrow Holder shall have no liability hereunder. 10. AUTHORIZATION TO EXECUTE ASSIGNMENT OF HAZARD INSURANCE POLICIES Either Buyer, Seller and/or Lender may hand you the insurance agent's name and insurance policy information, and you are to execute, on behalf of the principals hereto, form assignments of interest in any insurance policy (other than title insurance) called for in this escrow, forward assignment and policy to the insurance agent, requesting that the insurer consent to such transfer and/or attach a loss payable clause and/or such other endorsements as may be required, and forward such policy(s) to the principals entitled thereto. It is not your responsibility to verify the information handed you or the assignability of said insurance. Your sole duty is to forward said request to insurance agent at close of escrow. Further, there shall be no responsibility upon the part of Escrow Holder to renew hazard insurance policy(s) upon expiration or otherwise keep it in force either during or subsequent to the close of escrow. Cancellation of any existing hazard insurance policies is to be handled directly by the principals, and outside of escrow. 11. ACTION IN INTERPLEADER The principals hereto expressly agree that you, as Escrow Holder, have the absolute right at your election to file an action in interpleader requiring the principals to answer and litigate their several claims and rights among themselves and you are authorized to deposit with the clerk of the court all documents and funds held in this escrow. In the event such action is filed, the principals jointly and severally agree to pay your cancellation charges and costs, expenses and reasonable attorney's fees which you are required to expend or incur in such interpleader action, the amount thereof to be fixed and judgment therefore to be rendered by the court. Upon the filing of such action, you shall thereupon be fully released and discharged from all obligations imposed by the terms of this escrow or otherwise. 12. TERMINATION OF AGENCY OBLIGATION If there is no action taken on this escrow within six (6) months after the "time limit date" as set forth in the escrow instructions or written extension thereof, your agency obligation shall terminate at your option and all documents, monies or other items held by you shall be returned to the parties depositing same. In the event of cancellation of this escrow, whether it be at the request of any of the principals or otherwise, the fees and charges due Commonwealth Land Title Company, including expenditures incurred and/or authorized shall be borne equally by the parties hereto (unless otherwise agreed to specifically). 13. DELIVERY/RECEIPT Delivery to principals as used in these instructions unless otherwise stated herein is to be by hand in person to the principal, regular mail, email or fax to any of the contact information provided in these instructions. If delivered by regular mail receipt is determined to be seventy-two (72) hours after such mailing. All documents, balances and statements due to the undersigned may be delivered to the contact information shown herein. All notices, change of instructions, communications and documents are to be delivered in writing to the office of Commonwealth Land Title Company as set forth herein. 14. STATE/FEDERAL CODE NOTIFICATIONS According to Federal Law, the Seller, when applicable, will be required to complete a sales activity report that will be utilized to generate a 1099 statement to the Internal Revenue Service. Pursuant to State Law, prior to the close of escrow, Buyer will provide Escrow Holder with a Preliminary Change of Ownership Report. In the event said report is not handed to Escrow Holder for submission to the County in which subject property is located, upon recording of the Grant Deed, Buyers acknowledge that the applicable fee will be assessed by said County and Escrow Holder shall debit the account of Buyer for same at close of escrow. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 GENERAL PROVISIONS (Continued) Escrow Acceptance Letter (NCS)Printed: 06.02.25 @ 07:39 PM by SCA0003100.doc / Updated: 08.27.24 Page 7 CA-CW-FXFC-02620.206538-932503567 15. NON-RESIDENT ALIEN The Foreign Investment in Real Property Tax Act (FIRPTA), Title 26 U.S.C., Section 1445, and the regulations there under, provide in part, that a transferee (buyer) of a U.S. real property interest from a foreign person must withhold a statutory percentage of the amount realized on the disposition, report the transaction and remit the withholding to the Internal Revenue Service (IRS) within twenty (20) days after the transfer. Commonwealth Land Title Company will not determine nor aid in the determination of whether the FIRPTA withholding provisions are applicable to the subject transaction, nor act as a Qualified Substitute under state or federal law, nor furnish tax advice to any party to the transaction. Commonwealth Land Title Company will not determine nor aid in the determination of whether the transaction will qualify for an exception or an exemption and is not responsible for the filing of any tax forms with the IRS as they relate to FIRPTA, nor responsible for collecting and holding of any documentation from the buyer or seller on the buyer's behalf for the purpose of supporting a claim of an exception or exemption. Commonwealth Land Title Company is not an agent for the buyer for the purposes of receiving and analyzing any evidence or documentation that the seller in the subject transaction is a U.S. citizen or resident alien. Commonwealth Land Title Company is not responsible for the payment of this tax and/or penalty and/or interest incurred in connection therewith and such taxes are not a matter covered by the Owner's Policy of Title Insurance to be issued to the buyer. Commonwealth Land Title Company is not responsible for the completion of any IRS documents or related forms related to the referenced statute. The buyer is advised: they must independently make a determination of whether the contemplated transaction is subject to the withholding requirement; bear full responsibility for compliance with the withholding requirement if applicable and/or for payment of any tax, interest, penalties and/or other expenses that may be due on the subject transaction; and they are responsible for the completion of any and all forms, including but not limited to applicable IRS documentation, and the mailing of those forms. The Buyer is advised any forms, documents, or information received from Commonwealth Land Title Company is not tax or legal advice and should not be construed as such nor treated as a complete representation of FIRPTA requirements. Buyer should seek outside counsel from a qualified individual to determine any and all implications of the referenced statute. 16. ENCUMBRANCES Escrow Holder is to act upon any statements furnished by a lienholder or his agent without liability or responsibility for the accuracy of such statements. Any adjustments necessary because of a discrepancy between the information furnished Escrow Holder and any amount later determined to be correct shall be settled between the parties direct and outside of escrow. You are authorized, without the need for further approval, to debit my account for any fees and charges that I have agreed to pay in connection with this escrow, and for any amounts that I am obligated to pay to the holder of any lien or encumbrance to establish the title as insured by the policy of title insurance called for in these instructions. If for any reason my account is not debited for such amounts at the time of closing, I agree to pay them immediately upon demand, or to reimburse any other person or entity who has paid them. 17. ENVIRONMENTAL ISSUES Commonwealth Land Title Company has made no investigation concerning said property as to environmental/toxic waste issues. Any due diligence required or needed to determine environmental impact as to forms of toxification, if applicable, will be done directly and by principals outside of escrow. Commonwealth Land Title Company is released of any responsibility and/or liability in connection therewith. 18. USURY Escrow Holder is not to be concerned with any questions of usury in any loan or encumbrance involved in the processing of this escrow and is hereby released of any responsibility or liability therefore. 19. DISCLOSURE Escrow Holder's knowledge of matters affecting the property, provided such facts do not prevent compliance with these instructions, does not create any liability or duty in addition to these instructions. 20. FACSIMILE/ELECTRONIC SIGNATURE Escrow Holder is hereby authorized and instructed that, in the event any party utilizes electronic or "facsimile" transmitted signed documents or instructions to Escrow Holder, you are to rely on the same for all escrow instruction purposes and the closing of escrow as if they bore original signatures. "Electronic Signature" means, as applicable, an electronic copy or signature complying with California Law. 21. CLARIFICATION OF DUTIES Commonwealth Land Title Company serves ONLY as an Escrow Holder in connection with these instructions and cannot give legal advice to any party hereto. Escrow Holder is not to be held accountable or liable for the sufficiency or correctness as to form, manner of execution, or validity of any instrument deposited in this escrow, nor as to the identity, authority or rights of any person executing the same. Escrow Holder's duties hereunder shall be limited to the proper handling of such money and the proper safekeeping of such instruments, or other documents received by Escrow Holder, and for the disposition of same in accordance with the written instructions accepted by Escrow Holder. The agency and duties of Escrow Holder commence only upon receipt of copies of these Escrow Instructions executed by all parties. 22. FUNDS HELD IN ESCROW When the company has funds remaining in escrow over ninety (90) days after close of escrow or estimated close of escrow, the Company shall impose a monthly holding fee of Twenty-Five and No/100 Dollars ($25.00) that is to be charged against the funds held by the Company. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 GENERAL PROVISIONS (Continued) Escrow Acceptance Letter (NCS)Printed: 06.02.25 @ 07:39 PM by SCA0003100.doc / Updated: 08.27.24 Page 8 CA-CW-FXFC-02620.206538-932503567 23. LIMITED ENGLISH PROFICIENCY Borrowers who are limited in English proficiency in need of an interpreter or assistance translating the loan documents from English to another language should contact their lender or the Settlement Agent at (949)724-3140 as soon as possible in order for arrangements to be made. THIS AGREEMENT IN ALL PARTS APPLIES TO, INURES TO THE BENEFIT OF, AND BINDS ALL PARTIES HERETO, THEIR HEIRS, LEGATEES, DEVISEES, ADMINISTRATORS, EXECUTORS, SUCCESSORS AND ASSIGNS, AND WHENEVER THE CONTEXT SO REQUIRES THE MASCULINE GENDER INCLUDES THE FEMININE AND NEUTER, AND THE SINGULAR NUMBER INCLUDES THE PLURAL. THESE INSTRUCTIONS AND ANY OTHER AMENDMENTS MAY BE EXECUTED IN ANY NUMBER OF COUNTERPARTS, EACH OF WHICH SHALL BE CONSIDERED AS AN ORIGINAL AND BE EFFECTIVE AS SUCH. MY SIGNATURE HERETO CONSTITUTES INSTRUCTION TO ESCROW HOLDER OF ALL TERMS AND CONDITIONS CONTAINED IN THIS AND ALL PRECEDING PAGES AND FURTHER SIGNIFIES THAT I HAVE READ AND UNDERSTAND THESE GENERAL PROVISIONS. Commonwealth Land Title Company conducts escrow business under License No. 1979-4 issued by the California Department of Insurance. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 Privacy Statement Printed: 06.02.25 @ 07:39 PM by SSCORPD0911.doc Page 9 CA-CW-FXFC-02620.206538-932503567 FIDELITY NATIONAL FINANCIAL PRIVACY NOTICE Effective January 1, 2025 Fidelity National Financial, Inc. and its majority-owned subsidiary companies (collectively, "FNF," "our," or "we") respect and are committed to protecting your privacy. This Privacy Notice explains how we collect, use, and protect personal information, when and to whom we disclose such information, and the choices you have about the use and disclosure of that information. A limited number of FNF subsidiaries have their own privacy notices. If a subsidiary has its own privacy notice, the privacy notice will be available on the subsidiary's website and this Privacy Notice does not apply. Collection of Personal Information FNF may collect the following categories of Personal Information: contact information (e.g., name, address, phone number, email address); demographic information (e.g., date of birth, gender, marital status); identity information (e.g., Social Security Number, driver's license, passport, or other government ID number); financial account information (e.g., loan or bank account information); biometric data (e.g., fingerprints, retina or iris scans, voiceprints, or other unique biological characteristics; and other personal information necessary to provide products or services to you. We may collect Personal Information about you from: information we receive from you or your agent; information about your transactions with FNF, our affiliates, or others; and information we receive from consumer reporting agencies and/or governmental entities, either directly from these entities or through others. Collection of Browsing Information FNF automatically collects the following types of Browsing Information when you access an FNF website, online service, or application (each an "FNF Website") from your Internet browser, computer, and/or device: Internet Protocol (IP) address and operating system; browser version, language, and type; domain name system requests; and browsing history on the FNF Website, such as date and time of your visit to the FNF Website and visits to the pages within the FNF Website. Like most websites, our servers automatically log each visitor to the FNF Website and may collect the Browsing Information described above. We use Browsing Information for system administration, troubleshooting, fraud investigation, and to improve our websites. Browsing Information generally does not reveal anything personal about you, though if you have created a user account for an FNF Website and are logged into that account, the FNF Website may be able to link certain browsing activity to your user account. Other Online Specifics Cookies. When you visit an FNF Website, a "cookie" may be sent to your computer. A cookie is a small piece of data that is sent to your Internet browser from a web server and stored on your computer's hard drive. Information gathered using cookies helps us improve your user experience. For example, a cookie can help the website load properly or can customize the display page based on your browser type and user preferences. You can choose whether or not to accept cookies by changing your Internet browser settings. Be aware that doing so may impair or limit some functionality of the FNF Website. Web Beacons. We use web beacons to determine when and how many times a page has been viewed. This information is used to improve our websites. Do Not Track. Currently our FNF Websites do not respond to "Do Not Track" features enabled through your browser. Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 Privacy Statement Printed: 06.02.25 @ 07:39 PM by SSCORPD0911.doc Page 10 CA-CW-FXFC-02620.206538-932503567 Links to Other Sites. FNF Websites may contain links to unaffiliated third-party websites. FNF is not responsible for the privacy practices or content of those websites. We recommend that you read the privacy policy of every website you visit. Use of Personal Information FNF uses Personal Information for these main purposes: To provide products and services to you or in connection with a transaction involving you. To improve our products and services. To prevent and detect fraud; To maintain the security of our systems, tools, accounts, and applications; To verify and authenticate identities and credentials; To communicate with you about our, our affiliates', and others' products and services, jointly or independently. To provide reviews and testimonials about our services, with your consent. When Information Is Disclosed We may disclose your Personal Information and Browsing Information in the following circumstances: to enable us to detect or prevent criminal activity, fraud, material misrepresentation, or nondisclosure; to affiliated or nonaffiliated service providers who provide or perform services or functions on our behalf and who agree to use the information only to provide such services or functions; to affiliated or nonaffiliated third parties with whom we perform joint marketing, pursuant to an agreement with them to jointly market financial products or services to you; to law enforcement or authorities in connection with an investigation, or in response to a subpoena or court order; or in the good-faith belief that such disclosure is necessary to comply with legal process or applicable laws, or to protect the rights, property, or safety of FNF, its customers, or the public. The law does not require your prior authorization and does not allow you to restrict the disclosures described above. Additionally, we may disclose your information to third parties for whom you have given us authorization or consent to make such disclosure. We do not otherwise share your Personal Information or Browsing Information with nonaffiliated third parties, except as required or permitted by law. We reserve the right to transfer your Personal Information, Browsing Information, and any other information, in connection with the sale or other disposition of all or part of the FNF business and/or assets, or in the event of bankruptcy, reorganization, insolvency, receivership, or an assignment for the benefit of creditors. By submitting Personal Information and/or Browsing Information to FNF, you expressly agree and consent to the use and/or transfer of the foregoing information in connection with any of the above described proceedings. Security of Your Information We maintain physical, electronic, and procedural safeguards to protect your Personal Information. Choices With Your Information Whether you submit Personal Information or Browsing Information to FNF is entirely up to you. If you decide not to submit Personal Information or Browsing Information, FNF may not be able to provide certain services or products to you. State-Specific Consumer Privacy Information: For additional information about your state-specific consumer privacy rights, to make a consumer privacy request, or to appeal a previous privacy request, please follow the link Privacy Request, or email privacy@fnf.com or call (888) 714-2710. Certain state privacy laws require that FNF disclose the categories of third parties to which FNF may disclose the Personal Information and Browsing Information listed above. Those categories are: FNF affiliates and subsidiaries; Non-affiliated third parties, with your consent; Business in connection with the sale or other disposition of all or part of the FNF business and/or assets; Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 Privacy Statement Printed: 06.02.25 @ 07:39 PM by SSCORPD0911.doc Page 11 CA-CW-FXFC-02620.206538-932503567 Service providers; Law endorsement or authorities in connection with an investigation, or in response to a subpoena or court order. For California Residents: We will not share your Personal Information or Browsing Information with nonaffiliated third parties, except as permitted by California law. For additional information about your California privacy rights, please visit the "California Privacy" link on our website (fnf.com/california-privacy) or call (888) 413-1748. For Nevada Residents: We are providing this notice pursuant to state law. You may be placed on our internal Do Not Call List by calling FNF Privacy at (888) 714-2710 or by contacting us via the information set forth at the end of this Privacy Notice. For further information concerning Nevada's telephone solicitation law, you may contact: Bureau of Consumer Protection, Office of the Nevada Attorney General, 555 E. Washington St., Suite 3900, Las Vegas, NV 89101; Phone number: (702) 486-3132; email: aginquiries@ag.state.nv.us. For Oregon Residents: We will not share your Personal Information or Browsing Information with nonaffiliated third parties for marketing purposes, except after you have been informed by us of such sharing and had an opportunity to indicate that you do not want a disclosure made for marketing purposes. For additional information about your Oregon consumer privacy rights, or to make a consumer privacy request, or appeal a previous privacy request, please email privacy@fnf.com or call (888) 714-2710 FNF is the controller of the following businesses registered with the Secretary of State in Oregon: Chicago Title Company of Oregon, Fidelity National Title Company of Oregon, Lawyers Title of Oregon, LoanCare, Ticor, Title Company of Oregon, Western Title & Escrow Company, Chicago Title Company, Chicago Title Insurance Company, Commonwealth Land Title Insurance Company, Fidelity National Title Insurance Company, Liberty Title & Escrow, Novare National Settlement Service, Ticor Title Company of California, Exos Valuations, Fidelity & Guaranty Life, Insurance Agency, Fidelity National Home Warranty Company, Fidelity National Management Services, Fidelity Residential Solutions, FNF Insurance Services, FNTG National Record Centers, IPEX, Mission Servicing Residential, National Residential Nominee Services, National Safe Harbor Exchanges, National Title Insurance of New York, NationalLink Valuations, NexAce Corp., ServiceLink Auction, ServiceLink Management Company, ServiceLink Services, ServiceLink Title Company of Oregon, ServiceLink Valuation Solutions, Western Title & Escrow Company For Vermont Residents: We will not disclose information about your creditworthiness to our affiliates and will not disclose your personal information, financial information, credit report, or health information to nonaffiliated third parties to market to you, other than as permitted by Vermont law, unless you authorize us to make those disclosures. Information From Children The FNF Websites are not intended or designed to attract persons under the age of eighteen (18). We do not collect Personal Information from any person that we know to be under the age of thirteen (13) without permission from a parent or guardian. International Users FNF's headquarters is located within the United States. If you reside outside the United States and choose to provide Personal Information or Browsing Information to us, please note that we may transfer that information outside of your country of residence. By providing FNF with your Personal Information and/or Browsing Information, you consent to our collection, transfer, and use of such information in accordance with this Privacy Notice. FNF Website Services for Mortgage Loans Certain FNF companies provide services to mortgage loan servicers, including hosting websites that collect customer information on behalf of mortgage loan servicers (the "Service Websites"). The Service Websites may contain links to both this Privacy Notice and the mortgage loan servicer or lender's privacy notice. The sections of this Privacy Notice titled When Information is Disclosed, Choices with Your Information, and Accessing and Correcting Information do not apply to the Service Websites. The mortgage loan servicer or lender's privacy notice governs use, disclosure, and access to your Personal Information. FNF does not share Personal Information collected through the Service Websites, except as required or authorized by contract with the mortgage loan servicer or lender, or as required by law or in the good-faith belief that such disclosure is Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 Privacy Statement Printed: 06.02.25 @ 07:39 PM by SSCORPD0911.doc Page 12 CA-CW-FXFC-02620.206538-932503567 necessary: to comply with a legal process or applicable law, to enforce this Privacy Notice, or to protect the rights, property, or safety of FNF or the public. Your Consent To This Privacy Notice; Notice Changes By submitting Personal Information and/or Browsing Information to FNF, you consent to the collection and use of the information in accordance with this Privacy Notice. We may change this Privacy Notice at any time. The Privacy Notice's effective date will show the last date changes were made. If you provide information to us following any change of the Privacy Notice, that signifies your assent to and acceptance of the changes to the Privacy Notice. Accessing and Correcting Information; Contact Us If you have questions or would like to correct your Personal Information, visit FNF's Privacy Request website or contact us by phone at (888) 714-2710, by email at privacy@fnf.com, or by mail to: Fidelity National Financial, Inc. 601 Riverside Avenue, Jacksonville, Florida 32204 Attn: Chief Privacy Officer Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 PRELIMINARY REPORT APPROVAL Preliminary Approval - Buyer Printed: 06.02.25 @ 07:59 PM by SSCORPD1838.doc / Updated: 05.21.24 Page 1 CA-CW-FXFC-02620.206538-932503567 City of Palm Springs, a California charter city and municipal corporation Escrow No.:932503567U Esc. Officer:Grace Kim Property:No Situs Cathedral City, CA 92234 Escrow Number: 932503567 Title Order Number: 932503567 Date: June 2, 2025 The undersigned acknowledge that they have read and received a copy of the Preliminary Report of Title issued by under the above referenced order number and hereby approve same in its entirety. The undersigned buyer acknowledges receipt of a copy of the Covenants, Conditions and Restrictions, if any, as set forth in the Preliminary Report and hereby approve same: At the close of escrow, the Policy of Title Insurance issued in connection with this transaction will contain only the following items: N/A, PLUS those items that will reflect the documents being recorded through this escrow. The following items are to be eliminated: N/A. BUYER(S): City of Palm Springs, a California charter city and municipal corporation By:________________________________ Scott C. Stiles, City Manager ATTEST: By:________________________________ Brenda Pree, MMC, CERA, City Clerk APPROVED AS TO FORM: By:________________________________ Jeffrey Ballinger, Esquire, City Attorney Date Docusign Envelope ID: 23046218-A61F-42FE-A78E-CE6FF4F2E576 6/11/2025