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<br />Order Number: O-SA-2891361 (08) <br />Page Number: 7 <br /> <br />LEGAL DESCRIPTION <br /> <br />Real property in the City of Santa Ana, County of Orange, State of California, described as <br />follows: <br /> <br />PARCEL NO.1: (APN: 108-601-24) <br /> <br />A PORTION OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 16, <br />TOWNSHIP 5 SOUTH, RANGE 10 WEST, IN THE RANCHO LAS BOLSAS, AS SHOWN ON A MAP <br />RECORDED IN BOOK 51, PAGE 12, MISCELLANEOUS MAPS, RECORDS OF ORANGE COUNTY, <br />CALIFORNIA, MORE PARTlCULARL Y DESCRIBED AS FOLLOWS: <br /> <br />BEGINNING AT THE NORTHEAST CORNER OF THE NORTHEAST QUARTER OF THE SOUTHEAST <br />QUARTER OF SAID SECTION 16; THENCE SOUTH 890 32' SO" WEST 837.09 FEET ALONG THE <br />NORTH LINE OF SAID SECTION 16 TO THE TRUE POINT OF BEGINNING; THENCE SOUTH 000 <br />40' 35" EAST 158.00 FEET PARALLEL TO THE WEST LINE OF SAID NORTHEAST QUARTER; <br />THENCE SOUTH 890 32' SO" WEST 22.00 FEET PARALLEL TO THE NORTH LINE OF SAID <br />SECTION 16; THENCE NORTH 000 40' 35" WEST 158.00 FEET PARALLEL TO THE WEST LINE OF <br />SAID NORTHEAST QUARTER TO A POINT ON THE NORTH LINE OF SAID SECTION 16; THENCE <br />NORTH 890 32' SO" EAST 22.00 FEET ALONG SAID NORTH LINE TO THE TRUE POINT OF <br />BEGINNING. <br /> <br />PARCEL NO.2: (APN: 108-601-25) <br /> <br />THE NORTH 175.00 FEET OF THE EAST 132.00 FEET OF THE WEST 7 ACRES OF THE NORTH <br />ONE-HALF OF THE NORTHEAST QUARTER OF THE SOUTHEAST QUARTER OF SECTION 16, <br />TOWNSHIP 5 SOUTH, RANGE 10 WEST, IN THE RANCHO LAS BOLSAS, AS SHOWN ON A MAP <br />RECORDED IN BOOK 51, PAGE 12 OF MISCELLANEOUS MAPS, RECORDS OF ORANGE COUNTY, <br />CALIFORNIA. <br /> <br />EXCEPTING THEREFROM ALL WATER RIGHTS, CLAIMS OR TITLE TO WATER, WHETHER OR <br />NOT SHOWN BY THE PUBLIC RECORDS. <br /> <br />EXHIBIT (AI <br /> <br />Arst American Title <br />