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SCHEDULE A
FILE NO.: 03-145559A
YOUR NO.: TRENDWEST RESORTS, INC.
POLICY AMOUNT: TO BE DETERMINED
EFFECTIVE DATE: FEBRUARY 10, 2005
POLICY OR POLICIES TO BE ISSUED: TO BE DETERMINED
1. PROPOSED INSURED:
TRENDWEST RESORTS, INC, an OREGON CORPORATION
2. THE ESTATE OR INTEREST IN THE LAND DESCRIBED OR REFERRED TO IN THE
COMMITMENT AND COVERED HEREIN IS FEE AND IS AT THE EFFECTIVE DATE
HEREOF VESTED IN:
TRENDWEST RESORTS, INC., an OREGON CORPORATION
3. THE LAND REFERRED TO IN THIS COMMITMENT IS SITUATED IN THE COUNTY
OF RIVERSIDE, STATE OF CALIFORNIA, AND IS DESCRIBED IN SCHEDULE
C, ATTACHED HERETO.
SEE LEGAL DESCRIPTION ATTACHED HERETO.
THIS COMMITMENT IS INVALID UNLESS THE INSURING PROVISIONS AND SCHEDULE A
AND B ARE ATTACHED.
SCHEDULE B - SECTION I
REQUIREMENTS
THE FOLLOWING REQUIREMENTS MUST BE MET:
A. PAY THE AGREED AMOUNTS FOR THE INTEREST IN THE LAND AND/OR
THE MORTGAGE TO BE INSURED.
B. PAY THE PREMIUMS, FEES AND CHARGES FOR THE POLICY.
C. DOCUMENTS SATISFACTORY TO US CREATING THE INTEREST IN THE
LAND AND/OR THE MORTGAGE TO BE INSURED MUST BE SIGNED,
DELIVERED AND IN RECORDABLE FORM:
D. DOCUMENTS SATISFACTORY TO US RELEASING THE FOLLOWING ITEMS:
SCHEDULE B
EXCEPTIONS FROM COVERAGE
THIS POLICY DOES NOT INSURE AGAINST LOSS OR DAMAGE (AND THE COMPANY WILL
NOT PAY COSTS, ATTORNEY'S FEES OR EXPENSES) WHICH ARISE BY REASON OF:
A.
GENERAL AND SPECIAL COUNTY (AND CITY) TAXES FOR THE FISCAL YEAR
2005-2006, A LIEN NOT YET DUE AND/OR PAYABLE.
B.
GENERAL AND SPECIAL TAXES FOR THE FISCAL YEAR 2004-2005
PARCEL NO.: 601-150-021-6
1ST INSTALLMENT: $ 10,218.62 PAID
2ND INSTALLMENT: $ 10,218.62 OPEN
SAID MATTER AFFECTS THIS AND OTHER PROPERTY
C. AN ASSESSMENT BY THE IMPROVEMENT DISTRICT SHOWN BELOW:
ASSESSMENT
(OR BOND) NO.: 19-014
SERIES: 90-1
DISTRICT: CITY OF INDIO
FOR:
SEWERS, STREETS, WATER (SHADOW HILLS
DISTRICT)
BOND ISSUED: JANUARY 21, 1993
SAID ASSESSMENT IS COLLECTED WITH THE COUNTY/CITY PROPERTY TAXES.
D. THE LIEN OF SUPPLEMENTAL TAXES, IF ANY, ASSESSED PURSUANT TO
CHAPTER 3.5 COMMENCING WITH SECTION 75 OF THE CALIFORNIA REVENUE
AND TAXATION CODE.
1. WATER RIGHTS, CLAIMS OR TITLE TO WATER, WHETHER OR NOT DISCLOSED
BY THE PUBLIC RECORDS.
2. EASEMENT(S) FOR THE PURPOSE(S) SHOWN BELOW AND RIGHTS INCIDENTAL
THERETO AS GRANTED IN A DOCUMENT
GRANTED TO: