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HomeMy WebLinkAboutContracts & Agreements_247-2016 TICOR TITLE COMPANY OF CALIFORNIA 4120 Concours Suite 400 Ontario CA 91764 Phone (909)579 1515 Fax (909)579 1525 Sellers Closing Statement ESTIMATED-Figures subject to change Escrow No 00352373 005 H05 Close Date 12115/2016 Proration Date Disbursement Date Seller(s) City of Redlands a Municipal Corporation Property Vacant Land Redlands Redlands,CA Brief Legal Deserlptlon Debit Credit TOTAL CONSIDERATION Total Consideration 517 000.00 Sub Totals 0.00 517 000.00 Proceeds Due Seiler 517 000.00 Totals 517 ODO.00 517 000.00 THIS IS AN ESTIMATED STATEMENT ONLY ACTUAL FIGURES AND CLOSING DATE MAY VARY AT CLOSE OF ESCROW i Printod by Loretta Hovey on 1212f2D16 1 16'1 OPM Page 1 of 2 TICOR TITLE COMPANY OF CALIFORNIA 4120 Concours,Suite 400,Ontario,CA 91764 Phone (909).579-1515 Fax (909)579 1525 Sellers Closing Statement ESTIMATED-Figures subject to change Escrow No 00352373 005 H05 Close Date 12115/2016 Proration Date, Disbursement Date Selleris) City of f7e ds a Municipal CCor�pgration By Paul W Foster Mayor Settlement Agent Ticor Title Company of California by Loretta Hovey THIS IS AN ESTIMATED STATEMENT ONLY ACTUAL FIGURES AND CLOSING DATE MAY VARY AT CLOSE OF ESCROW Printed by Loretta Hovey on 121212015 1 16:08PM Page 2 of 2 RECORDING REQUESTED BY First American Title Insurance Company WHEN RECORDED MAIL TO Timothy L Randall Songstad Randall Coffee &Humphrey LLP 3200 Park Center Drive, Suite 950 Costa Mesa, California 92626 DOCUMENTARY TRANSFER TAX$ (Space Above For Recorder's Use) Computed on the consideration or value of property conveyed,OR Computed on the consideration or value less liens or encumbrances remaining at time of sale Signature of Declarant or Agent determining tax—Firm Name GRANT DEED FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby acknowledged, CITY OF REDLANDS, a municipal corporation (the "Grantor"), hereby grants to REDLANDS PENNSYLVANIA, LLC, a Delaware limited liability company, the real property m the City of Redlands, County of San Bernardino, State of California, described in Exhibit }7A" attached hereto and incorporated herein by this reference THIS GRANT AND CONVEYANCE IS MADE AND ACCEPTED SUBJECT TO COVENANTS, CONDITIONS, RESTRICTIONS,RESERVATIONS, RIGHTS OF WAY AND EASEMENTS NOW OF RECORD [signature page follows] MAIL TAX STATEMENTS TO Matthew A Jordan Diversified Pacific Development Group, LLC i 10621 Civic Center Drive F Rancho Cucamonga, CA 91730 t 1 S F L 1 Grant Deed-City of Redlands doex i IN WITNESS WHEREOF, the Grantor has executed this grant deed as of IXtervrnbff 7, 2-NV ,2016 GRANTOR. CITY OF REDLANDS, a municipal corporation Paul W. Foster,Mayor I ATTEST I i � I Arthur amuel Irwin, Jr. E I E I I c E i I I I 2 Grant Deed-City of Redfands.docx A notary public or other officer completing this certificate verified only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document STATE OF CALIFORWA ) ss COUNTY Ob I On 2016, befo me ,Notary Piublic,personally appeared who proved to me on the basis of satis*oevidei to be the persons) w se name(s) y Vare subscribed to the within instrument and acknowledged to me that 1//slK1heylexecuted he same in Vs/hpr/their authorized capacity(ies) and that by hA/b/r/their signature(s) on the instrument the person(s),or the entity upon behalf of which the person(s)acted,executed the instrument I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct WITNESS my hand and official seal L R MCCASLAND Commission#2143166 r Notary Public -California i ry Pu is Riverside County = In and For Said County and State My Comm Expires Feb 19,2020 3 3 Grant Deed-City of Redlands.docx I EXHIBIT "A" LEGAL DESCRIPTION APPROXIMATELY 4 75 ACRES LOCATED IN THE CITY OF REDLANDS, CALIFORNIA, SPECIFICALLY KNOWN AS APN 0168-I2I-03 DISCLOSURE SOURCE California Commercial Disclosure Report PREMIER NHD PROVIDER Property Address VACANT LAND-APN 0168-121 03 Datw 9/18/2015 REDLANDS CA 92374 Order Number 150918-00016 Parcel Number 0168 121 03 ACKNOWLEDGEMENT FOR RECEIPT OF DISCLOSURES, NOTICES AND ADVISORIES The uanswror and his or her agent(s)or a third-party Consultant discln€e the 1011 wing iniomlation with the knowledge that even though[hit is not a warranty,prosPacil-transferees may rely an This intrPwRlinn in deciding whether and an what terms to purchase the suhject property.Transferor hereby authorizes any agem(s)representlrg any pdncwal(s)in this adlon to provide a Copy or lhls statement to any person or enuty in connection with any agaal or anlisipated sale of the Property THE TRANSFEROR AND HIS OR HER AGENT(S)HAVE PROVIDER THE PROSECTIVE TRANSFEREE(S)INFORMATION INCLUDED WITHIN THE DISCLOSURE REPORTABOUT: NATURAL HAZARD DISCLOSURES- TF THE PROPERTY IS LOCATED IN AFLOOD FIRE,SEISMICIGEOLOGIC,OR FAULT HAZARD(*)AS PER MAPS FROM C17Y COUNTY,STATE OR FEDERAL SOURCES. AIRPORT INFLUENCE AND a,1RRORT PROXIMITY: IFTHE PROPERTY ISAFFFO7P7 RYAN AIRPORT INFLUENCEAREAAND THE PROPERTY'S PROXIMITY TOANYAREA WrHAIRCRAF7LANDINO FACILITIES WILLIAMSON ACT IF THE PROPERTY IS INA W tLLIAMSCN AM SONE AS DEPICTED ON THE MAP FROM THE CALIFORNIA DEPARTMENT OF CONSERVATION RIGHTTO FARM DIBCLOBURE: OFTHE EXISTENCE OF PRIME FARMLAND WITHIN ONE MILE OFTHE SUBJECT PROPERTY MINING OPERATIONS IXSCLOSURE- OF THE EXISTENCE OF MINING OPERATIONS WITHIN ONE MILE OF THE SUBJECT PROPERTY ENVIRONMENTAL INFORMATION- INFORMATION REGARDING SITES MOTH ENVIRONMENTAL CONCERNS. TRANSFER FEE NOTICE AND NOTICE OF SUPPLEMENTAL PROPERTY TAX BILL, TRANSFER FEE NOTICE AND NOTICE OF SUPPLEMENTAL PROPERTYTAX BILL GASAND HAZARDOUS LIQUID TRANSMISSION PIPFI..INES NOTICE:, NOTICE REGARDING GAS AND HAZARDOUS LIQUID TRANSMISSION PIPELINES. i TOXIC MOLD NOTICE- A TRANSFEROR NOTICE OFANY MOLD CONDITIONS, METHAMPHETAMINE CONTAMINATM PROPERTY NOTICE: INFORMATIONABOU7 METHAMPHE't'AMIINE CONTAMINAT'LU PROPERTY NOTIFICATION REQUIREMENTS_ MEGAN'S LAW NOTICE: I INFORMATION REGARDING PERSONS WHO ARE REQUIRED TO REGISTER WITH THE DEPARTMENT OF JUSTICE RESULTING FROM A CONVICTION FOR A SEXUALLY BASED OFFENSE FLOOD INSURANCE NOTICE A NOTICE CONTAINING INFORMATION ABOUT FUTURE DISASTER RELiEFAVAILABILITY IN RELATION TO PAST DISASTER RELIEF ASSISTANCE AND FLOOD INSURANCE REQUIREMENT MILITARY ORDNANCE LOCATION NOTICE A NOTICE REGARDING FORMERLY USED FEDERAL/STATE MILITARY ORDNANCE SITES NONRESIDENTIAL BUILDING ENERGY USE DISCLOSURE PROGRAM- A NOTICE CONTAINING INFORMATION ABOUT THE BUILCING ENERGY USE DISCLOSURE PROGRAM HABITAT SENSITIVITYARMINDANGERED SPECIES AIWISORY: OF THE EXISTENCE OF ENDANGERED SPECIES AND HARMAT SENSITIVITYAREAS IN THE STATE i OILAND GAS WELLS ADVISORY: i OF THE EXISTENCE OF ABANDONDED OILAND GAS WELLS IN THE STATE, NATURALLY OCCURRING ASBESTOS ADVISORY OF THE SOURCE OF INFORMATION REGARDING NATURALLY OCCllRING ASBESTOS RAIDONADVISORY: OF THE SOURCE OF INFORMATION REGARDING RADON ZONES. THESE HAZARDS MAY LIMIT YOUR ABILITY TO DEVELOP THE REAL PROPERTY 70 OBTAIN INSURANCE OR TO RECEIVE ASSISTANCE AFTER A DISASTER.THE MAPS CN WHICH THESE DISCLOSURES ARE BASED ESTIMATE VIHERE NATURAL HAZARDS EXIST THEY ARE NOT DEFINITIVE INDICATORS OF WHETHER OR NOT A PROPERTY WILI.BE AFFECTED BY A NATURAL DISASTER TRANSFEREE(*) AND TRANSFEROR(S)MAY IMSH TO OBTAIN PROFESSIONAL ADVICE REGARDING 7HO43E HAZARDS AND OTHER HAZARDS THAT MAY AFFECT THE PROPERTY TRANSFEROR(S)AND TRANSFEREE(S)ACKNOWLEDGE RECEIP'Cr IE INFO MATX]N REFERENCED ABOVE INCLUUEU IN THE REPORT FOR THE ABOVE DQE/pQRIIBEDPRCPERTY S[gnature of Transferor{Seller) \ Date Signature DfTransfefor(Seller) Date i Agent(s) Date Agent(s) Date Signature of Transferee(Buyer) Date Signature of Transferee(Buyer) Date I I I Disclosure SDurceS Copyright 2015 www DisctosureSource.com Prone,BOO-BSO-9123 23 820 N Mountain Ave,Suite 140 TICOR Tho Upland,CA 91786 Escrow Branch Phone (909)579 1515 Escrow Officer's Direct Line (909)579 I515 Fax (909)579 1525 ACCEPTANCE WSTRUCTTONS Loretta Hovey Date September 18,2015 Ticar Title Company of California Escrow No 00352373 005-1-105 820 N Mountain Ave,Suite 100 Property Vacant Land-Redlands Upland,CA 91786 Redlands,CA Phone (909)579 1515 Fax (909)579-1.525 The instructions in this escrow are hereby modified,amended and/or supplemented in the following particulars only ACKNOWLEDGEMENT All parties (Sellers and Buyers) have acknowledged receipt of Escrow Holder's executed Acceptance and that all agreements, counter offers and any addendums have been deposited with Escrow Holder and that there are no other outstanding agreements, counter offers and/or addendums which effect the closing of this transaction Ticor Title Company of California is relieved of any and all responsibility/liability and will be held harmless as it relates to said documents not deposited to escrow APPROVAL OF LEGAL DESCRIPTION OF SUBJECT PROPERTY Seller(s) signature(s) on the conveying Grant Deed, and Buyer(s) approval of the Prelumnary Report, shall be deemed as each party's approval of the legal description contained therein as the exact description for the subject property of this escrow and Escrow Holder may rely upon such approval in processing this transaction SEE EXHIBIT "'At°ATTACHED HERETO AND MADE A PART HEREOF SELLER/TRANSFEROR STATES THAT PROPERTY ADDRESS(ES)IS/ARE- Vacant Land-Redlands,Redlands, CA POLICY OF TITLE INSURANCE Policy(ies) of Title Insurance for a Undeveloped Land will be issued by Ticor Title Company of California at the close of escrow in accordance with the contract terms PURCHASE PRICE. The purchase price for the subject property is Five Hundred Seventeen Thousand Dollars and No/I00's Dollars($517,000 00) ESCROW MOLDER IS INSTRUCTED TO SHOW TITLE VESTED AT CLOSE AS. Redlands Pennsylvania,LLC,a Delaware Limited Liability Company CLOSE OF ESCROW CIose of escrow to be in accordance with Item 7 1 of the Original Purchase and Sale Agreement and Joint Escrow Instructions dated September 1,2015 OPEN ESCROW DATE. Parties agree that escrow opened on September 18,2015 TITLE REVIEW DATE Parties agree that the Title Review date is October 18,2015 DOTE DILIGENCE DATE Parties agree that the Due Diligence date is November 17,2015 BUYER TO PAY FOR NATURAL HAZARD DISCLOSURE,REPORT. WAIVER OF INTEREST Buyer herem waives the Interest requirement 2 12 of the Purchase and Sale Agreement and Joint Escrow Instructions dated September 1,2015 Page I of 11 SCA64EXPRS Escrow No 00352373-005-1405 CAR ACCEPTANCE INSTRUCTIONS (continued) INSURANCE ON CASH TRANSACTION. This is an"ALL CASH"transaction and no financing will be secured on the subject property through this escrow Additionally, Escrow Holder is instructed to close this escrow without regard or concern about fire insurance coverage for the subject property(unless property is a condominium/townhouse, in which case, Escrow Holder's only concern is to transfer the SeIler's interest in the master policy to Buyer at the close of escrow) Buyer(s) is/are to obtain his/her/their own insurance coverage outside of escrow and does hereby release and hold harmless Escrow Holder from any responsibility in connection with Buyer having property insurance on the subject property herewith FOR SALE BY OWNER. The parties hereto understand and acknowledge that the duties of the escrow holder are limited solely to the specific provisions incorporated in these instructions Functions that would normally be handled by a real estate licensee, including but not limited to, the preparation of purchase agreements and disclosures, notification of required City, County or State disclosure reports, ordering of any reports and inspections, and representing the physical conditions of improvements and the real property,shall all be the total responsibility of the principals to this transaction Ticor Title Company Of California recommends the parties hereto obtain the opinion of an attorney or the advise of a real estate agent on any particulars pertaining to the transfer of subject property The parties further relieve Ticor Title Company Of California from all hability whatsoever in connection with such matters Buyer and Seller herein acknowledge that these instructions are the only agreement, either written or oral,between the parties herem All parties agree there are no Real Estate Agents involved in this transaction NO HOMEOWNERS ASSOCIATION- All Parties acknowledge and agree that Escrow Holder HAS NOT been handed any information regarding the existence of a Homeowners Association regarding the subject property and also agree that there is no Homeowners Association associated with the above referenced transaction Escrow Holder is relieved of any and all liability in connection with same REPORTRINSPECTIONS. Please be aware that Ticor Title Company Of California does not order the natural hazard disclosure report, structural pest control report, home warranty policy, septiclwell inspections and/or reports, including the 9A Escrow Holder is relieved of all responsibility for ordering any City, County or State inspections and/or reports which may be required if specifically instructed,Escrow Holder will pay fees for same if billings are submitted prior to the close of escrow (with the approval of the seller/buyer) Approvals of such reports and/or inspections shall be handled outside of escrow The Buyer shall procure and pay for said reports outside of escrow directly from the City Officials and herein releases Escrow Holder of any and all Iiability in connection with same GENERAL INSTRUCTIONS 1. Seller is aware that interest on the existing loan(s) does not stop accruing at close of escrow, but continues until the actual day of receipt of the payoff by Lender Seller is aware that interest will accrue through weekends or holidays Seller is aware helshe/they are responsible for payment of all of such interest and will indemnify and hold Escrow Holder harmless in connection with the payment of such interest 2 The undersigned Buyer hands you herewith Preliminary Change of Ownership Report as provided for in Section 480 34 of the Revenue and Taxation Code, State of California which you are to cause to be filed concurrently with the Deed in our favor If form is rejected by the County, a surcharge may be imposed by said County and is to be paid by buyer herein 3 Checks to be issued at Close of Escrow I/We the undersigned Buyer/Borrower/Seller hereby acknowledge that we are aware the Ticor Title Company of California will issue a check payable to the undersigned in payment of Seller's proceeds/Borrower's proceeds or Buyer's excess deposit refund I/We further acknowledge and agree that said check will be presented to the bank for deposit as soon as possible after receipt, and collection and payment of the funds will only be done through the regular banking channels Page 2 of 11 SCA64EXPRS i Escrow No 00352373 -005-HO5 CAR ACCEPTANCE INSTRUCTI©NS (continued) In addition,in the event there are liens to be pard on the undersigned's behalf,we hereby also acknowledge that Uwe will not use the pay-by phone electronic system to pay/collect the funds as Ticor Title Company of California will not honor such payments The parties herein agree to be responsible for any stop payment and reissue charges and/or losses that may be incurred in connection with any and all electronic debits to Ticor Title Company of California's Trust Accounts { 4 Facsimile Signature Escrow Holder is hereby authorized and instructed that,in the event any party utilizes "facsimile" f 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 5. Buyer acknowledges deposit of balance of funds to close escrow to be in the form of wire transfer, certified check, f cashier's check or teller's check payable to Ticor 'Title Company of California pursuant to the "Deposit of Funds", Paragraph 1 contained in the General Provisions attached hereto and made a part hereof G The undersigned hereby authorize and instruct Escrow Holder to charge each party to the escrow for their respective Federal Express and/or special mail handling/courier fees. Unless specified in writing by the undersigned, Escrow Holder is authorized to select special mail/delivery or courier service to be used t t } 2 E 5 f { S l a f 1 E 4 i Page 3 of 11 SCA64PXPRS Date Seoteinber 18 2015 Escrow No 00352373-005HO5 Escrow Officer Loretta Hovev GENERAL PROVISIONS 1 DEPOSIT OF FUNDS 3 SUPPLEMENTAL TAXES The law dealing with the disbursement of funds requires that all The within described property may be subject to supplemental funds be available for withdrawal as a matter of right by the title entity's real property taxes due to the change of ownership taking place through this escrow and/or sub escrow account prior to disbursement of any fiends Only or a previous e9CF0W transaction. Any supplemental real property taxes wire transferred funds can be given immediate availability upon deposit arising as a result of the transfer of the property to Buyer shall be the sole Cashier's checks teller's checks and Certified checks may be available one responsibility of Buyer and any supplemental real property taxes arising business day after deposit All other funds such as personal corporate or prior to the closing date shall be the sole responsibility of the Seller TAX partnership checks and drafts are subject to mandatory holding periods BILLS OR REFUNDS ISSUED AFTER CLOSE OF ESCROW SHALL which may cause material delays in disbursement of funds in this escrow In BE HANDLED DIRECTLY BETWEEN BUYER AND SELLER order to avoid delays all fundings should be wire transferred Outgoing 4 UTILITIESIPOSSESSION wire transfers will not be authorized until confirmation of the respective Transfer of utilities and possession of the premises are to be incoming wire transfer or of availability of deposited checks settled by the parties directly and outside escrow Deposit of funds into general escrow trust account unless 5 PREPARATION AND RECORDATION OF INSTRUMENTS instructed otherwise.You may instruct Escrow Holder to deposit your funds Escrow Holder is authorized to prepare obtain, record and into an interest bearing account by signing and retummg the "Escrow deliver the necessary instruments to carry out the terms and conditions of Instructions Interest Bearing Account" which has been provided to you If this escrow and to order the policy of title insurance to be issued at close of you do not so instruct us,then all funds received in this escrow shall be escrow as called for in these instructions Close of escrow shall mean the deposited with other escrow funds in one or more general escrow trust date instruments are recorded accounts which include both non-interest bearing demand accounts and 6 AUTHORIZATION TO FURNISH COPIES other depository accounts of Escrow Holder,in any state or national bank or You are authorized to furnish copies of these instructions, savings and loan association insured by the Federal deposit Insurance supplements,amendments notices of cancellation and closing statements Corporation(the "depository institutions") and may be transferred to any to the Real Estate Broker(s)and Lender(s)named in this escrow other such escrow trust accounts of Escrow Holder or one of its affiliates 7.RIGHT OF CANCELLATION either within or outside the State of California A general escrow trust Any principal instructing you to cancel this escrow shall file account is restricted and protected against claims by third parties and notice of cancellation in your office in writing You shall,within two (2) creditors of Escrow Holder and its affiliates working days thereafter, deliver, one copy of such notice to each of the Receipt of benefits by Escrow Holder and affiliates The parties other principals at the addresses stated in this escrow UNLESS WRITTEN to this escrow acknowledge that the maintenance of such general escrow OBJECTION TO CANCELLATION IS FILED IN YOUR OFFICE BY A trust accounts with some depository institutions may result in Escrow PRINCIPAL WITHIN TEN (I0) DAYS AFTER DATE OF SUC14 Holder or its affiliates being provided with an array of bank services, DELIVERY YOU ARE AUTHORIZED TO CON PLY WITH SUCH accommodations or other benefits by the depository institution Some or all NOTICE AND DEMAND PAYMENT OF YOUR CANCELLATION of these benefits may be considered interest due you under California CHARGES If written objection is filed you are authorized to hold all insurance Code Section 12413 5 Escrow Holder or its affiliates also may money and instruments in this escrow and take no further action until elect to enter into other business transactions with or obtain loans for otherwise directed,either by the principals'mutual written instructions,or investment or other purposes from the depository institution. All such by final order of a court of competent jurisdiction. services accommodations,and other benefits shall accrue to Escrow Holder 8 PERSONAL PROPERTY or its affiliates and Escrow Holder shall have no obligation to account to the No examination or insurance as to the amount or payment of parties to this escrow for the value of such sarvices, accommodations, personal property taxes is required unless specifically requested interest or other benefits By signing these General Provisions the parties to the escrow Said funds will not earn interest unless the instructions otherwise hereby acknowledge that they are indemnifying the Escrow Holder against specifically state that funds shall be deposited in an interest-bearing any and all matters relating to any"Bulk Sales"requirements and Instruct account. All disbursements shall be made by check of Ticor Title Escrow Agent to proceed with the closing of escrow without any Company of California The principals to this escrow are hereby notified consideration of matter of any nature whatsoever regarding "Bulk Sales" that the funds deposited herein are insured only to the limit provided by the being handled through escrow Federal Deposit Insurance Corporation.Any instruction for bank wire will S RIGHT OF RESIGNATION - provide reasonable time or notice for Escrow Holder's compliance with Escrow Holder has the right to resign upon written notice such instruction Escrow Holder's sole duty and responsibility shall be to delivered to the principals herein If such right is exercised all funds and place said wire transfer instructions with its wiring bank upon confirmation documents shall be returned to the party who deposited them and Escrow of(1)satisfaction of conditions precedent or(2)document recordation at Holder shall have no liability hereunder close of escrow Escrow Holder will NOT be held responsible for lost 10 AUTHORIZATION TO EXECUTE ASSIGNMENT OF HAZARD interest due to wire delays caused by any bank or the Federal Reserve INSURANCE POLICIES System,and recommends that all parties make themselves aware of banking Either Buyer,Seller and/or Lender may hand you the insurance regulations with regard to placement of wires agent's name and insurance policy information,and you are to execute on In the event there is insufficient time to place a wire upon any behalf of the principals hereto form assignments of interest In any such confirmation or the wires have closed for the day,the parties agree to insurance policy (ether than title insurance) tailed for in this escrow, provide written instructions for an alternative method of disbursement forward assignment and policy to the insurance agent,requesting that the WITHOUT AN ALTERNATIVE DISBURSEMENT INSTRUCTION, insurer consent to such transfer and/or attach a loss payable clause and/or FUNDS WILL BE HELD IN TRUST IN A NON-INTEREST BEARING such other endorsements as may be required,and forward such policy(s)to ACCOUNT UNTIL THE NEXT OPPORTUNITY FOR WIRE the principals entitled thereto It is not your responsibility to verify the PLACEMENT information handed you or the assignability of said insurance,Your sole 2 PROBATIONS AND ADJUSTMENT'S duty is to forward said request to insurance agent at close of escrow All prorations and/or adjustments called for in this escrow ate to Further,there shall be,no responsibility upon the part of Escrow be made on the basis of a thirty(30)day month unless otherwise instructed Holder to renew hazard insurance policy(s) upon expiration or otherwise in writing_ You are to use information contained on last available tax keep it in force either during or subsequent to the close of escrow statement,rental statement as provided by the Seller,beneficiary's statement Cancellation of any existing hazard insurance policies is to be handled and fire insurance policy delivered into escrow far the proration provided directly by the principals,and outside of escrow for herein 11 ACTION IN INTERPLEADER The principals hereto expressly agree thau, as row Holder, have the absolute right at your election a action In Page 4 of 11 Continued on Following Page initials EI000 Rev. 03/12/15) Date September 18,2015 Escrow No 00352373-005-HO5 interpleader requiting the principals to answer and litigate their several applicability of the withholding requirement to the subject transaction,and claims and rights among themselves and you are authorized to deposit with should seek the advice of their attorney or accountant 11cor Title the clerk of the court all documents and funds held in this escrow In the Company of California is not responsible for the payment of this tax event such action is filed,the principals jointly and severally agree to pay and/or penalty and/or interest incurred in connection therewith and such your cancellation charges and costs,expenses and reasonable attorney's fees taxes are not a matter covered by the Owner's Policy of Title Insurance to which you are required to expend or incur in such interpleader action,the be issued to the Buyer The Buyer is advised they bear full responsibility for amount thereof to be fixed and judgment therefore to be rendered by the compliance with the tax withholding requirement if applicable and/or for court Upon the filing of such action,you shall thereupon be fully released payment of any tax, interest, penalties and/or other expenses that may be and discharged from all obligations imposed by the terms of this escrow or duo on the subject transaction otherwise 17,ENCUMBRANCES 12 TERMINATION OF AGENCY OBLIGATION Escrow Holder is to act upon any statements famished by a If there is no action taken on this escrow within six(6)months lienholder or his agent without liability or responsibility for the accuracy of after the"time limit date"as set forth in the escrow instructions or written such statements. Any adjustments necessary because of a discrepancy extension thereof,your agency obligation shall terminate at your option and between the information furnished Escrow Holder and any amount later all documents,monies or other items held by you shall be returned to the determined to be correct shall be settled between the parties direct and parties depositing same In the event of cancellation of this escrow,whether outside of escrow it be at the request of any of the principals or otherwise, the fees and You are authorized, without the need for further approval, to charges due Ticor Title Company of California, including expenditures debit my account for any fees and charges that I have agreed to pay in incurred and/or authorized shall be bome equally by the parties hereto connection with this escrow,and for any amounts that I am obligated to pay (unless otherwise agreed to specifically) to the holder of any lien or encumbrance to establish the title as insured by 13 CONFLICTING INSTRUCTIONS the policy of title insurance called for in these instructions If far any reason Upon receipt of any conflicting instructions you are to take no my account is not debited for such amounts at the time of closing,I agree to action in connection with this escrow until non-conflicting instructions are pay them immediately upon demand,or to reimburse any other person or received from all of the principals to this escrow(subject to sections 7,9,11 entity who has paid them and 12 above). 18 ENVIRONMENTAL ISSUES 14 DELIVERYIRECEIPT Ticor Title Company of California has made no investigation Delivery to principals as used in these instructions unless concerning said property as to environmentalltoxic waste issues Any due otherwise stated herein is to be by hand in person to the principal,regular diligence required or needed to determine environmental impact as to forms mail, email or fax to any of the contact information provided in these of toxiftcation,if applicable,will be done directly and by principals outside instructions If delivered by regular mail receipt is determined to be 72 of escrow Ticor Title Company of California is released of any hours after such mailing All documents,balances and statements due to the responsibility and/or liability in connection therewith undersigned may be delivered to the contact information shown herein All 19 USURY notices, change of instructions communications and documents are to be Escrow Holder is not to be concerned with any questions of delivered in writing to the office of Ticor Title Company of California as usury in any loan or encumbrance involved in the processing of this escrow set forth herein and is hereby released of any responsibility or liability therefore. 15 STATF/FEDERAL CODE NOTIFICATIONS 20 DISCLOSURE According to Federal Law the,Seller, wh=applicable,will be Escrow Holder's knowledge of matters affecting the property, required to complete a sales activity report that will be utilized to generate a provided such facts do not prevent compliance with these instructions,does 1099 statement to the Internal Revenue Service riot create any liability or duty in addition to these instructions Pursuant to State Law,prior to the close of escrow,Buyer will 21.FACSIMILFALECTRONIC SIGNATURE provide Escrow Holder with a Preliminary Change of Ownership Report.In Escrow Holder is hereby authorized and instructed that, in the the event said report is not handed to Escrow Holder for submission to the event any patty utilizes electronic or "facsimile" transmitted signed County in which subject property is located,upon recording of the Grant documents or instructions to Escrow Holder,you are to rely on the same for Deed Buyers acknowledge that the applicable fee will be assessed by said all escrow instruction purposes and the closing of escrow as if they bore County and Escrow Holder shall debit the account of Buyer for same at original signatures "Electronic Signature' means as applicable, an close of escrow electronic copy or signature complying with California Law 16 NON RESIDENT ALIEN 22 CLARIFICATION OF DUTIES The Foreign Investment in Real Property Tax Act (PMPTA), Ticor Title Company of California serves ONLY as an Escrow Title 26 U.S.C. Section 1445, and the regulations thereunder provide in Holder in connection with these instructions and cannot give legal advice to part,that a transferee(buyer)of a U.S real property interest from a foreign any party hereto person(non-resident alien)must withhold a tax equal to too percent(10%) Escrow Holder is not to be held accountable or liable for the of the amount realized on the disposition,report the transaction and remit sufficiency or correctness as to form, manner of execution or validity of the withholding to the Internal Revenue Service within twenty(20) days any instrument deposited in this escrow,nor as to the identity authority or after the transfer Ticor Title Company of California has not and will not rights of any person executing the same Escrow Holder's duties hereunder participate in any detenumalion of whether the FLRPTA tax provisions are shall be limited to the proper handling of such money and the proper applicable to the subject transaction, nor act as a Qualified Substitute nor safekeeping of such instruments, or other documents received by Escrow furnish lax advice to any party to the transaction.Tleor Title Company of Holder, and for the disposition of same in accordance with the written California is not responsible for determining whether the transaction will instructions accepted by Escrow Holder qualify for an exception or an exemption and is not responsible for the filing The agency and duties of Escrow Holder commence only upon of any tax forms with the Internal Revenue Service as they relate to receipt of copies of these Escrow instructions executed by all parties FIRPTA,Ticor Title Company of California is not the agent for the Buyer 23 FUNDS HELD IN ESCROW for the purposes of receiving and analyzing any evidence or documentation when the company has funds remaining in escrow over 90 days that the Seller in the subject transaction is a U.S citizen or resident alien after close of escrow or estimated close of escrow, the Company shall The Buyer is advised they must independently make a determination of impose a monthly holding fee of$25.00 that is to be charged against the whether the contemplated transaction is taxable or non taxable and the funds held by the Company THIS AGREEMENT IN ALL PARTS APPLIES TO INURES TO THE BENEFIT OF AND BINDS ALL PARTIES HERETO, THEIR HEIRS, LEGATEES,DEVISES,ADMINISTRATORS, EXECUTORS,SUCCESSORS AND ASSIGNS,AND WHENEVER TIME CONTEXT SO REQUIRES THE MASCULINE GENDER INCLUDES THE FEMININE.AND NEUTER,AND T14E SINGULAR NUMBER INCLUDES THE PLUF kL T E INSTRUCTIONS AND ANY OTHER AMENDMENTS MAY BE EXECUTED IN ANY NUMBER OF COUNTERPARTS EACH er L BE CONSIDERED ASAN ORIGINAL AND BE EFFECTIVE AS SUCH Page 5 of I lContinued on Following Page Initials BIDDD05) Date- September 18,2015 Escrow No 00352373 005-H05 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 14AVE READ AND UNDERSTAND THESE GENERAL PROVISIONS Ticor Title Company of California conducts escrow business under a Certificate of Authority No.371 issued by the California Department of Insurance- i BUYER Redlands Pennsylvania,LLC a Delaware limited lability company, By Diversified Pacific Development Group,LLC, a California limited liability company, Its Manager TF S r By Matthew A.Jordan � Managing Member a E Date Current Mailing Address Forwarding Marling Address C Home Phone Number Fax Number s Cell Phone Number Email Address 1 SELLER Ci lands,a Municip 1 Co ora ' n By Paul W Foster,Mayor ; Date opamw -717.��47 ,r nn 1 Current Marlmg Address P 10 F) 31)05- �edl im d') q2-3-7-3 Forwarding Marling Address Home Phone Number1 FaxNumbes Cell Phone Number Email Address NVO6W60 Cl,A'1( 1C 0 itta 6. f3l i J 3 i s E Page 6 of 11 EIOM076(DSI Rev 03112115) Escrow No 00352373-005-HO5 EXHIBIT A PARCEL NO I The North Haff of the West Half of the East Half of the Northwest Quartei of the Northwest Quarter of Section 24,Township 1 South,Range 3 West,San Bernardino Base and Meridian,in the City of Redlands,County of San Bernardino,State of California,according to the Official Plat of said land filed in the District Land Office,February 24, 1869,being also described as Lot 40 of Tolles Lugoma Drawing of April 27, 1887 EXCEPTING THEREFROM the North 33 feet for street purposes as conveyed to the City of Redlands,in Deed recorded in Book 825 Page(s)372 of Deeds PARCEL NO 2 An easement for road purposes over the South 25 feet of the West Half of the Northwest Quarter of the Northwest Quarter of Section 24,Township 1 South,Range 3 West,San Bernardino Base and Meridian,in the City of Redlands,County of San Bernardino, State of California,according to the Official Plat of said land filed in the District Land Office,February 24, 1869,being also described as an easement for road purposes over the South 25 feet of Lot(s)38 and 39 of Tolles Lugonia Drawing of April 27, 1887. TOGETHER WITH a 1/121h interest in the flume extending along the East side of Lot 12 of said Tolles Drawing For APN/Pareel]D(s) 0168-121-03 Page 7 of 11 SCA64EXPRS Escrow No 00352373-005 H05 NOTICE OF AVAILABLE DISCOUNTS Pursuant to Section 2355 3 in Title 10 of the California Code of Regulations Fidelity National Financial, Inc and its subsidiaries("FN7)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 UnderAmtten Title Coninanies Underwritten by FNF Underwriters CTC—Chicago Title Company CTIC—Chicago Title Insurance Company CLTC—Commonwealth Land Title Company CLTIC—Commonwealth Land Title Insurance Company FNTC—Fidelity National Title Company FNTIC--Fidelity National Title Insurance Company FNTCCA—Fidelity National Title Company of California FNTIC—Fidelity National Title Insurance Company TICOR—Ticol Title Company of California CTIC---Chicago Title Insurance Company LTC—Lawyer's Title Company CLTIC—Commonwealth Land Title Insurance Company Available Discounts CREDIT FOR PRELIMINARY TITLE REPORTS ANDIOR COMMITMENTS ON SUBSEQUENT POLICIES (CTIC,FNTIC) Where no major change in the title has occurred since the issuance of the original report or commitment, the order may be reopened within 12 to 36 months and all or a portion of the charge previously paid for the report or commitment may be credited on a subsequent policy charge DISASTER LOANS(OTIC,CLTIC,FNTIC) The charge for a Lender's Policy (Standard or Extended coverage) covering the financing or refinancing by an owner of record,within 24 months of the date of a declaration of a disaster area by the government of the United States or the State of California on any land located in said area, which was partially or totally destroyed in the disaster, will be 50% of the appropriate title insurance rate CHURCHES OR CHARITABLE NON-PROFIT ORGANIZATIONS(OTIC,FNTIC) I 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 50%to 70% of the appropriate title insurance rate, depending on the type of coverage selected The charge for a lender's policy shall be 32%to 50% of the appropriate title insurance rate,depending on the type of coverage selected E s E E Page&of 11 SCA64EXPRS FIDELITY NATIONAL FINANCIAL PRIVACY NOTICE Fidelity National financial, Inc and its majority-owned subsidiary Web Beacons. Some of our web pages and electronic companies providing real estate-and loan related services(collectively, communications may contain images, which may or may not be visible "FNF" "our' or `we") respect and are committed to protecting your to you,known as Web Beacons(sometimes referred to as"clear gifs") privacy This Privacy Notice lets you know how and for what purposes Web Beacons collect only limited information that includes a cookie your Personal Information (as defined herein) is being collected, number time and date of a page view, and a description of the page on processed and used by FNF We pledge that we will take reasonable which the Web Beacon resides We may also carry Web Beacons placed steps to ensure that your Personal Information will only be used in ways by third party advertisers These Web Beacons do not carry any Personal that are in compliance with this Privacy Notice The provision of this Information and are only used to track usage of the Website and Privacy Notice to you does not create any express or imphed activities associated with the Website See the Third Party Oot Out relationship, or create any express or implied duty or other obligation, section below between Fidelity National Financial, Inc and you See also No Representations or Warranties below Unique Identifier We may assign you a unique internal identifier to help keep track of your future visits We may use this information to This Privacy Notice is only in effect for any generic information and gather aggregate demographic information about our visitors, and we Personal Information collected and/or owned by FNF, including may use it to personalize the information you see on the Website and collection through any FNF website and any online features, services some of the electronic communications you receive from us We keep and/or programs offered by FNF (collectively the "Website") This this information for our internal use,and this information is not shared Privacy Notice is not applicable to any other web pages, mobile with others applications, social media sites, email lists, generic information or Third Party Opt Out Although we do not presently,m the future we Personal Information collected and/or owned by any entity other than 1`NF may allow third party companies to serve advertisements and/or collect certain anonymous information when you visit the Website These How Information is Collected companies may use non personally identifiable information (e.g, click The types of personal information FNF collects may include among stream information, browser type, time and date, subject of other things (collectively, "Personal Information") (1) contact advertisements clicked or scrolled over) during your visits to the information (e.g, name, address, phone number, email address), (2) Website in order to provide advertisements about products and services demographic information (e.g, date of birth,gender marital status), (3) likely to be of greater interest to you These companies typically use a Internet protocol(or IP)address or device IDIUDID,(4)social security cookie or third party Web Beacon to collect this information as further number (SSN ) student ID (SII ) driver's license, passport, and other described above Through these technologies the third party may have government ID numbers, (5) financial account information and (6) access to and use non personalized information about your online usage information related to offenses or criminal convictions activity In the course of our business, we may collect Personal Information You can opt-out of certain online behavioral services through any one of about you from the following sources the ways described below After you opt-out, you may continue to • Applications or other forms we receive from you or your receive advertisements, but those advertisements will no longer be as authorized representative, relevant to you • Information we receive from you through the Website, you can opt-out via the Network Advertising Initiative industry • Information about your transactions with or services performed by opt-out at Ilan//www networkadvertisine.org/ us our affiliates,or others,and . you can opt-out via the Consumer Choice Page at o From consumer or other reporting agencies and public records htti)/hvww aboutads info maintained by governmental entities that we either obtain directly , For those in the U K., you can opt-out via the IAB UK's industry from those entities,or from our affiliates or others opt-out at htt i.//www vouronlinei,hoices com Additional Ways Information is Collected Through the Website 0 You can configure your web browser (Chrome, Firefox, Internet Browser Log Files Our servers automatically log each visitor to Explorer,Safari,etc)to delete and/or control the use of cookies the Website and collect and record certain information about each visitor This information may include IP address, browser language, More information can be found in the Help system of your browser browser type, operating system, domain names, browsing history Note If you opt out as described above, you should not delete your (including time spent at a domain time and date of cookies If you delete your cookies,you will need to opt-out again { $ p your visit), referringlexit web pages and URIs, and number of clicks The domain Use of Per onal Information name and IP address reveal nothing personal about the user other than Information collected by FNF is used for three main purposes the IF address from which the user has accessed the Website Y To provide products and services to you or one or more third party Cookies From time to time,FNF or other third parties may send a service providers(collectively, "Third Parties") who are obtaining "cookie"to your computer A cookie is a small piece of data that is sent services on your behalf or in connection with a transaction to your Intemet browser from a web server and stored on your involving you computer s hard drive and that can be re sent to the serving website on To improve our products and services that we perform for you or subsequent visits A cookie,by itself cannot read other data from your for Third Parties hard disk or read other cookie files already on your computer A cookie, . To communicate with you and to inform you about FNF's,FNF's by itself, does not damage your system We, our advertisers and other affiliates and third parties'products and services third parties may use cookies to identify and keep track of, among other things,those areas of the Website and third party websites that you have When Information Is Disclosed By FNF visited in the past in order to enhance your next visit to the Website We may provide your Personal Information (excluding Information we You can choose whether or not to accept cookies by changing the receive from consumer or other credit reporting agencies) to various settings of your Internet browser, but some functionality of the Website individuals and companies,as permitted by law,without obtaining your may be impaired or not function as intended See the Third Partv Ont prior authorization Such laws do not allow consumers to restrict these Out section below disclosures Disclosures may include,without limitation,the following Privacy Notice Effective May 1,2015 • To agents, brokers, representatives, or others to provide you with Privacy Notice,and to abide by and comply with this Privacy Notice In services you have requested, and to enable us to detect or prevent any case,you affirm that you are over the age of 13,as THE WEBSITE criminal activity fraud material misrepresentation, or IS NOT INTENDED FOR CHILDREN UNDER 13 THAT ARE nondisclosure in connection with an insurance transaction UNACCOMPANIED BY HIS OR HER PARENT OR LEGAL • To third party contractors or service providers who provide GUARDLA-N services or perform marketing services or other functions on our parents should be aware that FNF's Privacy Notice will govern our use behalf, of Personal Information, but also that information that is voluntarily • To law enforcement or other governmental authority in connection given by children—or others—in email exchanges, bulletin boards or with an investigation Or civil or criminal subpoenas or court the like may be used by other parties to generate unsolicited orders,and/or communications FNF encourages all parents to instruct their children in • To lenders, hen holders, judgment creditors, or other parties the safe and responsible use of their Personal Information while using claiming an encumbrance or an interest in title whose claim or the Internet interest must be determined,settled,paid or released prior to a title or escrow closing Privnev Outside the Website The Website may contain various links to other websites,including links In addition to the other times when we might disclose information about to various third party service providers FNI' is not and cannot be you,we might also disclose information when required by law or in the responsible for the privacy practices or the content of any of those other good-faith belief that such disclosure is necessary to (1)comply with a websites Other than under agreements with certain reputable legal process or applicable laws, (2) enforce this Privacy Notice (3) organizations and companies, and except for third party service respond to claims that any materials, documents, images, graphics, providers whose services either we use or you voluntarily elect to logos,designs,audio,video and any other information provided by you utilize,we do not share any of the Personal Information that you provide violates the rights of third parties, or(4)protect the rights,property or to us with any of the websites to which the Website links, although we personal safety of FNF,its users or the public may share aggregate, non-Personal Information with those other third We maintain reasonable safeguards to keep the Personal Information Parties Please cheek with those websites in order to determine their that is disclosed to us secure We provide Personal Information and non Privacy policies and your rights under them Personal Information to our subsidiaries,affiliated companies and other Euronean Union Users businesses or persons for the purposes of processing such information If you are a citizen of the European Union please note that we may on our behalf and promoting the services of our trusted business transfer your Personal Information outside the European Union for use partners some or all of which may store your information on servers for any of the purposes described in this Privacy?Notice By providing outside of the United States We require that these parties agree to FNF with your Personal Information,you consent to both our collection process such information in compliance with our Privacy Notice or in a and such transfer of your Personal Information in accordance with this similar,industry-standard manner,and we use reasonable efforts to limit Privacy Notice their use of such information and to use other appropriate confidentiality and security measures The use of your information by one of our trusted Choices With Your Personal Information business partners may be subject to that party's own Privacy Notice We Whether you submit Personal Information to FNF is entirely up to you do not, however, disclose information we collect from consumer or You may decide not to submit Personal Information,in which case FNF credit reporting agencies with our affiliates or others without your may not be able to provide certain services or products to you consent, in conformity with applicable law, unless such disclosure is you may choose to prevent FNF from disclosing or using your Personal otherwise permitted by law Information under certain circumstances("opt one) You may opt out of We also reserve the right to disclose Personal In€ormation and/or non- any disclosure or use of your Personal Information for purposes that are Personal Information to take precautions against liability, investigate incompatible with the purpose(s)for which it was originally collected or and defend against any third-party claims or allegations, assist for which you subsequently gave authorization by notifying us by one of government enforcement agencies,protect the security or integrity of the the methods at the end of this Privacy Notice Furthermore,even where Website,and protect the rights,property,or personal safety of FNF,our your Personal Information is to be disclosed and used in accordance users or others with the stated purposes in this Privacy Notice,you may elect to opt out of such disclosure to and use by a third party that is not acting as an We reserve the right to transfer your Personal Information, as well as agent of FNF As described above,there are some uses from which you any other information,in connection with the sale or other disposition of cannot opt-out all or part of the FNF business and/or assets We also cannot make any representations regarding the use or transfer of your Personal Please note that opting out of the disclosure and use of your Personal Information or other information that we may have in the event of our Information as a prospective employee may prevent you from being bankruptcy, reorganization, insolvency, receivership or an assignment Hired as an employee by FNF to the extent that provision of your for the benefit of creditors,and you expressly agree and consent to the Personal Information is required to apply for an open position use and/or transfer of your Personal Information or other information in If FNF collects Personal Information from you, such information will connection with a sale or transfer of some or all of our assets in any of not be disclosed or used by FNF for purposes that are incompatible with the above described proceedings Furthermore,we cannot and will not the purpose(s) for which it was originally collected or for which you be responsible for any breach of security by any third parties or for any subsequently gave authorization unless you affirmatively consent to actions of any third parties that receive any of the information that is such disclosure and use disclosed to us Information From Children You may opt out of online behavioral advertising by following the We do not collect Personal Information from any person drat we know instructions set forth above under the above section "Additional Ways to be under the age of thirteen (13) Specifically, the Website is not That Information Is Collected Through the Website"subsection"Third intended or designed to attract children under the age of thirteen (13) Party Opt Out" You affirm that you are either more than 18 years of age, or an Access and Correction emancipated minor, or possess legal parental or guardian consent, and To access your Personal Information in the possession of FNF and are fully able and competent to enter into the terms, conditions, correct inaccuracies of that information in our records,please contact us obligations,affirmations,representations,and warranties set forth in this in the manner specified at the end of this Privacy Notice We ask Privacy Notice Effective May t,2015 { F [f individuals to identify themselves and the information requested to be CCN does not share consumer information with third parties other than accessed and amended before processing such requests, and we may those with which the mortgage loan servicer has contracted to interface decline to process requests in limited circumstances as permitted by with the CCN application applicable privacy legislation All sections of the FNF Privacy Notice apply to your interaction with Your California Privacv Rightg_ CCN, except for the sections titled Choices with Your Personal f Under California's "Shine the Light/ law California residents who Information and Access and Correction If you have questions regarding f provide certain personally identifiable information in connection with the choices you have with regard to your personal information or how to obtaining products or services for personal,family or household use are access or correct your personal information, you should contact your entitled to request and obtain from us once a calendar year information mortgage loan servicer i about the customer information we shared if any,with other businesses for their own direct Renresentations or Warrantie ect marketing uses If applicable, this information would include the categories of customer information and the names and By providing this Privacy Notice,Fidelity National Financial Inc does addresses of those businesses with which we shared customer not make any representations or warranties whatsoever concerning any information for the immediately prior calendar year(e.g,requests made products or services provided to you by its majority owned subsidiaries in 2015 will receive information regarding 2014 sharing activities) In addition,you also expressly agree that your use of the Website is at your own risk Any services provided to you by Fidelity National To obtain this information on behalf of FNF, please send an email Financial, Inc and/or the Website are provided "as is" and "as message to pnvacycr hf.corn with "Request for California Privacy available" for your use, without representations or warranties of any Information" in the subject line and in the body of your message We kind, either express or implied, unless such warranties are legally will provide the requested information to you at your email address in incapable of exclusion Fidelity National Financial, Inc males no response representations or warranties that any services provided to you by it or Please be aware that not all information sharing is covered by the"Shine the Website, or any services offered in connection with the Website are the Light' requirements and only information on covered sharing will be or will remain uninterrupted or error free,that defects will be corrected, included in our response or that the web pages on or accessed through the Website,or the servers used in connection with the Website, are or will remain free from any Additionally, because we may collect your Personal Information from viruses, worms,time bombs,drop dead devices, Trojan horses or other time to time California s Online Privacy Protection Act requires us to harmful components Any liability of Fidelity National Financial, Inc disclose how we respond to "do not track" requests and other similar and your exclusive remedy with respect to the use of any product of mechanisms Currently our policy is that we do not recognize"do not service provided by Fidelity National Financial, Inc including on or track"requests from Internet browsers and similar devices accessed through the Website, will be the re performance of such FNF Camnliance with California Online Privacv,Protection Act service found to be inadequate For some websites which FNF or one of its companies owns,such as the Your Consent To This Privacv Notice Customer CareNet ("CCN"), FNF is acting as a third party service Ey submitting Personal Information to FNF, you consent to the provider to a mortgage loan servicer In those instances,we may collect collection and use of information by us as specified above or as we certain information on behalf of that mortgage loan servicer for fulfilling otherwise see fit, in compliance with this Privacy Notice, unless you a service to that mortgage loan servicer For example, you may access inform us otherwise by means of the procedure identified below If we CCN to complete a transaction with your mortgage loan servicer During decide to change this Privacy Notice, we will make an effort to post this transaction,the information which we may collect on behalf of the those changes on the Website Each time we collect information from mortgage loan servicer is as follows you following any amendment of this Privacy Notice will signify your assent to and acceptance of its revised terms for all previously collected • First and Last Name information and information collected from you in the future We may • Property Address use continents, information or feedback that you may submit in any • User Name manner that we may choose without notice or compensation to you Password • Loan Number If you have additional questions or comments, please let us know by • Social Security Number masked upon entry sending your comments or requests to • Email Address Fidelity National Financial,Inc • Three Security Questions and Answers 601 Riverside Avenue • IF Address Jacksonville Florida 32204 Attn Chief Privacy Officer The information you submit is then transferred to your mortgage loan (888)934-3354 servicer by way of CCN privacy@fnf com The mortgage loan servicer is responsible for taking action or Copyright ® 2015 Fidelity National Financial, Inc All Rights making changes to any consumer information submitted through Reserved this'4websito For example, if you believe that your payment or user information is incorrect, you must contact your mortgage loan EFFECTIVE AS OF MAY 1,2015 servicer Privacy Notice Effective May i,2015 820 N I Mountain Ave.,Suite 100 TICOR TITLE Upland,CA 91786 Escrow Branch Phone (909)579-1515 Escrow Officer's Direct lane (909)579 1515 Fax (909)579 1525 DISBURSEMENT OF PROCEEDS /WIRE TRANSFER INSTRUCTIONS Escrow No 00352373-005-H05 Escrow Officer Loretta Hovey Date September 18,2015 The undersigned hereby authorizes and directs Ticor rale Company of California to wire transfer funds,as indicated below,to the Receiving Bank and Account or to disburse proceeds/refunds as indicated below The undersigned warrants that the information provided in this Authorization is complete and accurate NET PROCEEDS DUE THE UNDERSIGNED to be disbursed as indicated ❑ Wire Transfer(complete instructions below) ❑ Disbursed as indicated ❑ HOLD for Pick Up ❑ Overnight Delivery ❑ CALL when check is ready for Pick Up,Phone No ❑ Mail Complete Forwarding Mailing address required Wire Transfer Instructions Receiving Bank City/State ABA# Wire Payee Account Number For further credit to Account No Notify Phone Memo Other Provided that the funds are wire transferred in accordance with these instructions,TICOR TITLE COMPANY OF CALIFORNIA shall not be liable for any act or omission of any financial institution or any other person,nor shall TICOR TITLE COMPANY OF CALIFORNIA have any liability for loss of funds or interest thereon In no event will damages exceed interest at a rate equal to (mretrnsmch)(09 2010) Page 12 of 37 SCAPRQC13FDS Escrow No 00352373 -005-HOS Federal Funds rate, adjusted daily,for the number of days that such funds are unavailable. The undersigned shall indemnify and hold harmless TICOR TITLE COMPANY OF CALIFORNIA,it's successors or assigns,from any loss,liability and cost incurred as a 1 result of any incorrect information supplied In no event shall TICOR TITLE COMPANY OF CAUFORNIA be liable for any special consequential,indirect or incidental damages,regardless of whether any claim is based on contract or tort whether the likelihood of such damage was known to TICOR TITLE COMPANY OF CALIFORNIA. j i I Date I I SELLER i City of Redlands,it Municipal Corporation i B � Iroul W foster,Mayor i j i I I I I I (wiretminch)(09 2010) Page 13 of 37 SCAPROCEEDS Certification of Non-Foreign Status Certification of Non-Foreign Status by Entity The undersigned hereby certifies the following IN e 6 o^ Y)eato 5 is not a foreign corporation, foreign partnership, foreign trust, or foreign estate(as defined in the Internal Revenue Code and Income Tax Regulations)or a disregarded entity as defined in§1 1445-2(b)(2)(iii)? The U.S Employer Identification Number for this entity is and the office address is. On 6f Red[t Cl S, �f1 Wz70_13 The transferor/seller understands that this certification may be disclosed to the Internal Revenue Service by transferee and that any false statement contained herein could be punished by fine,imprisonment,or both Under penalties of perjury I declare I have completed this certification and to the best of my knowledge and belief it is true, correct, and complete, and I further declare that I have authority to sign this document on behalf of seller SELLER. City.of Redlands,a Mumetpal C -poration 1f (Ili , ul W Foster,Mayor I i i i Page 16 of 37 5CA0002028 Seller,Buyer and Escrow Agent to maintain a copy for five(5)years Ticor Title Company of California Proceeds frons Real Estate Transactions as required by the Internal Revenue Service You erre required by law to provide Ticor Title Company of California with your correct tcczpayer identification number Ifyou do not provide your correct taxpayer identification number,you may be subject to civil or criminal penalties imposed by law Ticor Title Company of California Substitute Forth 1099 S 820 N Mountain Ave,Suite 100 Upland,CA 91786 This is important tax information and is being furnished to the Internal Revenue Service, as required by section 1521 of the Cost Center# Tax Reform Act of 1986 If you are required to file a return, a negligence penalty or other sanction will be imposed if this income is taxable and the IRS determines that it has not been Y reported i `z Escrow No 00352373-005-HO5 Date of clostn; t PROPERTY ADDRESS OR LEGAL DESCRIPTION Vacant Land-Redlands,Redlands,CA s 6 Assessors Parcel Number(APN)-0168-121-03 t PROCEEDS FOR THIS SALE WENT TO (MULTIPLE SELLERS Use one form for each seller Treat husband and wife as one seller( iiling,lomt tax returns)unless requested otherwise,then separate forms must be used) 1 1 *10 a.n�5 Federal Tax Ill#for this seller t Sellers Name Oi st,MI,Last or Entity Name) (List only the Tax ID# for the seller listed on Line 1, spouse Tax ID#not required Executor/Trustee should { �{ 1�qu i �� � Q` not list their name as the seller unless they are going to 2 1�1 report the proceeds on their personal income tax return Spouse or I'terson.al Representative Disregarded entities should provide the name and Tax ID#of the responsible person/entity) TOTAL CONSIDERATION $ ✓ � Vl, 0 00 D D Total Consideration ❑ Exchange([f cliecked) %Percentage of ownership for this seller $ V zirl,000 Do GROSS Allocated Proceeds $ Tax Credit to Seller (Real property tax credits to (Total consideration multiplied by percentage of ownership) seller contained in the 400 series of the HUD-1 or comparable closing statement form) MAILING ADDRESS ❑ Check here if the address '' C 'n is outside of the U S.A Under penalties of penury, 1 certify that 1 am a U S person or U S resident alien and the number shown on this statement is my correct taxpayer identification pr Transferor's Signature Date I E i Spouse Date Retain for 4 Years IRS00007—Substitute 1099-S Form(DSI Rev 06/19/14 TAXABLE YEAR CALIFORNIA FORh1 2016 Rea! Estate Withholding Certificate 593-C Part I—SellerlTransferor Return this form to your escrow company Name SSNorITIN Q.��r p City of Redlands,a Municipal Corporation t)6 —UO `-i Spous WRDPs Name(dfolntly owned) Spouse's1RDP's SSN or ITIN(floinlfy owned) Address(aptJste room PO Box or PMB no.) ❑FEIN ❑CA Corp no ❑CA SOS file no PC Box 3005 City(if you have a foreign address see instmntions,) State ZIP Code r}xnership Percentage Redlands,CA 52373 100 Properly address(if no street address,pmylde parcel number and county) Vacant Land Redlands Redlands,CA 0168-121-03 San Bemardlno County To determine whether you qualify for a full or partial withholding exemption,check all boxes that apply to the property being sold or tfansferred (See instructions) Part II—Certification which fully exempt the sale from withholding 1 ❑ The property qualifies as the sellsrsltransferor's(or decedents,dsold by the decedent's estate or trust)principal residence within the man Ing of Intemal Revenue Code(IRC)Section 121 2 ❑ The sellerltransferor(or decedent,if said by the decedent's estate or trust)last used the property as the sellei'sltransferor's(decedents)principal residence within the meaning of IRC Section 121 without regard to the two-year time period 3 r7 The seller/transfaror Inas a loss or zero gain for California income tax purposes on this sale To check this box you must complete Form 593-E,Reat Estate Withholding-Computation of Estimated Gain or Loss,and have a loss or zero gain on line 16 4 ❑ The property is being compulsorily or involuntadly converted and the sellerltransferor Intends to acquire property that is similar or related in service or use to quaKly for nonrecognition of gain for California Income tax purposes under IRC Section 1033 5 ❑ The transfer qualifies for nonrecogn€tion treatment under IRC Section 351(transfer to a corporation controlled by the transferor)or IRC Section 721(contribution to a partnership in exchange for a partnership interest) 6 ❑ The sellerltransferor is a corporation(or a limited ll l ity company(LLC)classified as a corporation for federal and Califomla income tax purposes)that is either qualified through the California Secretary of State(805)or has a permanent place of business In California 7 ❑ The seller/transferor is a California partnership or a partnership qualified to do business in California(or an LLC that is classified as a partnership for federal and Califomla income tax purposes and is not a single member LLC that is disregarded for federal and California Income tax purposes) 8 ❑ The sellerAransferor is a tax-exempt entity under California or federal law 9 ❑ The sollerllransferor is an insurance company Individual retirement account,qualified pensionlprofit sharing plan,or charitable remainder trust I Part Ill--Certifications that may partially or fully exempt the sale from withholding- Real Estate Escrow Person(REEP) See Instructions for amounts to withhold 10 ❑ The transfer qualifies as a simultaneous like-kind exchange within the meaning of IRC Section 1031 11 ❑ The transfer quallies as a deferred like-kmdexchange within the meaning of IRC Section 1031 12 ❑ The transfer of this property Is an installment sale where the buyedtransferes Is required to withhold on the principal portion of each installment payment.Copies of Form 593 I,Real Estate Withholding Installment Sale Acknowledgement,and the promissory note are attached Seller/Transferor Signature To learn about your privacy rights,how we may use your information,and We consequences for not providing the requested information go to ftb.ca.gov and search for privacy j notice To request this notice by mail,call 600.852.5711 Under penalties of perjury,I hereby certify that the Information provided above Is,to the best of my knowledge true and correct If conditions change,I will promptly inform the withholding agent I understand that l must retain this form in my records for 5 years and that the Franchise Tax Board may review relevant escrow documents to ensure withholding compliance,Completing this form does not exempt me from filing a California income or franchise tax return to reportthis sale. Seller's/Transferor's name and Title �" POAAA VOW A,• d Seller's/Transferor's Signature/ K1 Date r Spouse'sROPs name Spouse'sfRDP'sSignature Date Seller, If you checked any box in Part II you are exempt from real estate withholding or If you checked any box In Part III,you may qualify for a partial or complete w€thholding exemption Transferor Except as to an Installment sale,if the sellerltransfercr did not check any box In Part II or Part Ill of Form 593-0,the withholding will be 3113%(,0333)of the total sales price or the optional gain on sale withholding amount from line 5 of Form 593,Real Estate Withholding Tax Statement.If the selledtransferor does not return the completed Form 593 and Form 593•C by the close of escrow,the withholding will be 3113%(,4333)of the total sales price,unless the type of transaction Is an installment sale If the transaction is an installment sale the withholding will be 3113%(,0333)of the first installment payment If you are withheld upon,the withholding agent should give you one copy of Form 593. Attach a copy to the lower front of your California income tax return and make a copy for your records 4 I k 7131163 r Fount 593-C C2 2015 [ { 2016 Instructions for Fora 59340 Real Estate Withholding Certificate References in these instructions are to the Internal Revenue Code(IRC)as of January 1,2015,and to the California Revenue and Taxation Code(R&TC) Genera! Information If the selleritransferor Is an individual,enter the social security number(SSN)or y individual taxpayer identification number(ITIN) If the sellersitransferors are i In general,for taxable years beginning on or after January 1,2015,California law spouses/registered domestic partners(RDPs)and plan to file a joint return,enter the conforms to the Internal Revenue Code(IRC)as of January 1,2015 However,there name and SSN or ITIN for each spouselRDP Otherwise do not enter information are continuing differences between California and federal law When California for more than one sellerltransferor Instead,complete a separate Form 593 C for conforms to federal tax law changes,we do not always adopt all of the changes each sellerltransferor made of the federal level For more information go to ffb,ca.gov and search for If you do not have an SSN because you are a nonresident or a resident alien for conformity Additional information can be found in FTB Pub 1001,Supplemental federal tax purposes and the Internal Revenue Service(IRS)issued you an ITIN, Guidelines to California Adjustments,the instructions for California Schedule CA enter the ITIN in the space provided for the SSN (544 or 54ONR) and the Business Entity tax booklets Like Kind Exchanges—For taxable years beginning on or after January 1 2014 An 171N is a tax processing number issued by the IRS to individuals who have a California requires taxpayers who exchange property located in California for like federal tax filing requirement and do not qualify for an SSN It is a nine digit number kind property located outside of California,and meet all of the requirements of the that always starts with the number 9 IRC Section 1031 to file an annual information return with the Franchise Tax Board If the sellerltransferor is a business enter the business name in the business name (FTB) For more information,get form FTB 3840,Cafifomia Like-Kind Exchanges or field along with the federal employer identification number(FEIN),CA Corporation go to fth.ca.gov and search for like kind number(CA Corp no.),or CA Secretary of State(CA SOS)file number 4 Purpose If the sellerltransferor is a grantor trust,enter the grantor's Individual name and SSN For tax purposes,the grantor trust is disregarded for tax purposes and the Use Form 593 C Real Estate Withholding Certificate to determine whether you individual seller/transferor must report the sale and claim the withholding on their qualify for a full or partial withholding exemption individual tax return If the trust was a grantor trust that became Irrevocable upon the Qualifying for an exemption from withholding or being withheld upon does not relieve grantor's death,enter the name of the trust and the trust's FEIN Do not enter the you of your obligation to file a California income tax return and pay any tax due on decedent's or trustee's name or SSN the sale of California real estate If the seller/transferor is a non grantor trust,enter the name of the trust and the You may be assessed penalties if trust's FEIN Do not enter trustee Information • You do not file a tax return If the seller/transferor is a single member limited liability company(SMLLC), You file your tax return late enter the name and tax identification number of the single member k • The amount of withholding does not satisfy your tax liability For all other non4ndividual sellersltransfercrs enter the FEIN CA Corp nc. or CA The sellerltransferor must submit this form before the close of escrow to prevent SOS file number withholding on the transaction After escrow has closed amounts withheld may be Ownership Percentage t recovered only by claiming the withholding as a credit on the appropriate year's tax Enter your ownership percentage rounded to two decimal places(e,g 66 67%) If return you are on the title for incidental purposes and you have no financial ownership E enter 0.00 and skip to Seller/Transferor Signature You will not be withheld upon How to Claim the Withholding Examples of sellersltransferors who are on title for incidental purposes are f To claim the withholding credit,report the sale or transfer as required and enter the 1 amount from line 5 of Form 593,Real Estate Withholding Tax Statement,on your • Co-signors on litre(e,g,parents co-signed to help their child qualify for the loan) r California tax returns as withholding from Form(s)592-B or 593 If your marital or • Family members on title to receive property upon the owner's death { filing status has changed after escrow closed and before filing your California tax Property Address return,contact us at 888 792,4900 prior to filing your tax return for instructions on Enter the address(or parcel number and county)of the CA real property transferred how to claim your withholding credit Claim your withholding credit on one of the Part Il—Certifications That Fully Exempt Withholding following Line 1—Principal Residence • Form 540,California Resident Income Tax Return To qualify as your principal residence under IRC Section 121,you(or the decedent) • Form 540 NR Long,Carifornia Nonresident or Part Year Resident Income Tax generally must have owned and lived in the property as your main home for at least Return two years during the five-year period ending on the date of sale Military and Foreign • Form 541,California Fiduciary Income Tax Return Service,get FTB Pub 1032,Tax Information for Military Personnel . Form 100 Califomra Corporation Franchise or Income Tau Return You can have only one main home at a time If you have two homes and live in both • Form 1005,California S Corporation Franchise or Income Tax Return of them,the main home is the one you lived in most of the time . Form 100W,California Corporacion Franchise or Income lax Return—Waters There are exceptions to the two year rule if the primary reason you are selling the F Edge Filers home Is for a change in the place or employment,health,or unforeseen • Form 109,Califomia Exempt Organization Business Income Tax Return circumstances such as death divorce or termination of registered domestic • Form 565,Partnership Return of Income partnership,or loss of job,etc For more information about what qualifies as your • Form 568,Limited Lability Company Return of Income principal residence or exceptions to the two-year rule get federal Publication 523, Selling Your Home To get federal publications go to Irs.gov,or call 800.829,3676 Specific Instructions If only a portion of the property qualifies as your principal residence,a second Form Private Bail Box(PMS)—Include the PMB in the address field Write PMB first, 593 C will need to be completed to certify an exemption on the portion not used as a f principal residence then the box number Example 111 Main Street PMB 123 Foreign Address—Follow the country's practice for entering the city,county, The allocation method should be the same as the seilerltransferor used to determine province,state,country,and postal code,as applicable,in the appropriate boxes Do depreciation not abbreviate the country name Line 2—Property last used as your principal residence Part 1�-Sol lerlTransferor If the property was last used as the seller'sltransferor's,or decedent's principal residence within the meaning of IRC Section 121 without regard to the two-year time Enter the name,tax identification number,and address of the sellerltransferor It the pend,no withholding is required If the last use of the property was as a vacation seller/transferor does not provide a tax identification number,then Form 593 G is home,second home,or rental,you do not qualify for the exemption You must have void,and withholding is required lived in the property as your main home Nate if you choose to provide a copy of Form 593-C to the buyeritransferee.delete If you have bvo homes and live in both of them the main home is the one you lived in the sellers/transferor's tax identification number on the buyer'sltransferee's copy most of the time Form 593 C1Form 593 E Booklet 2015 Page 1 Line 3—Loss or Zero Gain { If the single member is Complete Form 593-C using You have a loss or zero gain for Cali€ornia income tax purposes when the amount f An Individual The individual's information realized is less than or equal to your adjusted basis You must complete f=orm 593 E Real Estate Withholding—Computation of Estimated Gain or Loss and have a loss A corporation The corporation's information or zero gain on line 16 to certify that the transaction is fully exempt from withholding f A partnership The partnership's information You may not certify that you have a net loss or zero gain just because you do not j An LLC The single member's information receive any proceeds from the sale or because you feel you are selling the property for less than what It is worth Line 8—Tax Exempt Entity Line 4—Involuntary Conversion Withholding is not required if the sellerltransferor is tax-exempt under either The property is being involuntarily or compulsorily converted when both of the Califomia or federal law(e.g,religious charitable educational not for profit following apply organizations,etc.) • The California real property is transferred because it was(or threatened to be) Line 9—Insurance Company,Individual Retirement Account,Qualified Pension seized,destroyed or condemned within the meaning of IRC Section 1033 or Profit-Sharing Plan,or Charitable Remainder Trust • The sellerltransferor intends to acquire property that Is similar or related in service Withholding is not required when the sellerltransferor is an insurance company, or use in order to be eligible for nonrecognitien of gain for California income tax individual retirement account qualified pension or profit-sharing plan,or a charitable purposes remainder trust Get federal Publication 544,Sales and Other Dispositions of Assets,far more Part III—Certtflcations That May Partially or Fully information about involuntary conversions Exempt the Sale From Withholding Line 5—Non recognition Under IRC Sections 351 or 721 Complete Part III only ff you did not meet any of the exemptions in Part 11 The transfer must qualify for nonrecognition treatment under IRC Section 351 Line 10—Simultaneous Exchange (transferring to a corporation controlled by transferor)or IRC Section 721 If the California real property is part of a simultaneous like kind exchange within the (contributing to a partnership in exchange for a partnership interest) meaning of IRC Section 1031,the transfer Is exempt from withholding However if Line 6—Corporation the sellerltransferor receives money or other property(in addition to property that is a A corporation has a permanent place of business In this state when it is organized part of the like kind exchange)exceeding$1,500 from the sale,the withholding agent and existing under the laws of this state or it has qualified through the CA SOS to must withhold transact intrastate business A corporation not qualified to transact intrastate Line 11 Deferred Exchange business(such as a corporation engaged exclusively In interstate commerce)will be LL the California real Exchange property is part of a deferred tike kind exchange within the considered as having a permanent place of business in this state only if it maintains meaning of IRC Section erty the sale is exempt from withholding at the time of the an office m this state that is permanently staffed by its employees after the sale initial transfer However 9 the sellerltransferor receives money or other property(in S corporations must withhold on nonresident S corporation shareholders Get FTB addition to property that is a part of the like kind exchange)exceeding$1,500 from Pub 1017,Resident and Nonresident Withholding Guidelines,for more information the sale,the withholding agent must withhold Line 7—Partnership or limited Liability Company(LLC) The intermediary or accommodator must withhold on all cash or cash equivalent Partnerships and LI-Cs are required to withhold on nonresident partners and (boot)it distributes to the sellerltransferor If the amount exceeds$1,500 members For more information,get FTB Pub 1017 If the exchange does not take place or if the exchange does not quality for Withholding is not required if the title to the property transferred is recorded In the nonrecognition treatment,the intermediary or accommadator must withhold 3113% name of a California partnership or it is qualified to do business In California (,0333)of the total sales price Withholding is not required If the title to the property transferred is in the name of an Line 12--Installment Sale LLC,and the LLC meets both of the following The withholding agent is required to report as an installment sale If the transaction is • It is classified as a partnership for federal and California income tax purposes structured as an Installment sale as evidenced by a promissory note The withholding ■ It is not a SMLLC that Is disregarded for federal and California Income tax agent is required to withhold 3113%(.0333)of the first installment payment. purposes The buyerltransferee is required to withhold on the principal portion of each If the LLC meets these conditions,the LLC must still withhold on nonresident subsequent installment payment if the sale is structured as an installment sale members Get FTB Pub 1017 for more information When the withholding amount on the first installment principal payment is sent to the If the SMLLC is classified as a corporation for fedoral and California income tax FTB,the FTB must also receive a completed Form 593 l Real Estate Withholding purposes,then the sellerltransferor is considered a corporation for withholding Installment Sale Acknowledgement, a completed Form 593 and a copy of the purposes Refer to Line 6 promissory note If the LLC is an SMLLC that is disregarded for federal and California income tax Seller/Transferor Signature purposes then that single member is considered the sellerltransferor and title to the property is considered to be in the name of the single member for withholding You must sign this form and return it to your RESP by the close of escrow for it to be purposes valid Otherwlse,the withholding agent must withhold the full 3113%(.0333)of the When completing Form 593 C as the single member of a disregarded LLC,write on total sales price or the optional gain on sale withholding amount from line 5 of Farm the bottom of the form that the information on the form is for the single member of the 593 that is certified by the sellerltransferor only for the optional gain on sale election LLC,so the Real Estate Escrow Person(REEF)will understand why it is different Penalty—Any sellerltransferor who,for the purpose of avoiding the withholding from the recorded title holder requirements,knowingly executes a false certificate is liable for a penalty of$1,000 or 20%of the required withholding amount,whichever is greater Form 593 Worm 593 E Booklet 2015 Page 2