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Order Number: OSA-4443264 <br />Page Number: 4 <br />Notes: <br />a. If this deed of trust is to be eliminated in the policy or policies contemplated by this <br />report/commitment, we will require all of the following prior to the recordation of any documents <br />or the issuance of any policy of title Insurance: <br />i. Original note and deed of trust. <br />ii. Payoff demand statement signed by all present beneficiaries. <br />M. Request for reconveyance signed by all present beneficiaries. <br />b. If the payoff demand statement or the request for reconveyance is to be signed by a servicer, <br />we will also require a full copy of the loan servicing agreement executed by all present <br />beneficiaries. <br />c. If any of the beneficial interest is presently held by trustees under a bust agreement, we will <br />require a certification pursuant to Section 18100.5 of the California Probate Code in a form <br />satisfactory to the Company <br />11. Rights of parties in possession. <br />Prior to the issuance of any policy of title insurance, the Company will require: <br />12. With respect to R & S Properties, LLC, a limited liability company: <br />a. A copy of its operating agreement and any amendments thereto; <br />b. If it is a California limited liability company, that a certified copy of its articles of organization <br />(LLC -1) and any certificate of correction (1-1-C-11), certificate of amendment (LLC -2), or <br />restatement of articles of organization (LLC -10) be recorded in the public records; <br />c. If it is a foreign limited liability company, that a certified copy of Its application for registration <br />(LLC -5) be recorded in the public records; <br />d. With respect to any deed, deed of trust, lease, subordination agreement or other document or <br />Instrument executed by such limited liability company and presented for recordation by the <br />Company or upon which the Company Is asked to rely, that such document or instrument be <br />executed in accordance with one of the following, as appropriate: <br />(i) If the limited liability company properly operates through officers appointed or elected <br />pursuant to the terms of a written operating agreement, such document must be executed by at <br />least two duly elected or appointed officers, as follows: the chairman of the board, the president <br />or any vice president, and any secretary, assistant secretary, the chief financial officer or any <br />assistant treasurer; <br />(ii) If the limited liability company properly operates through a manager or managers identified in <br />the articles of organization and/or duly elected pursuant to the terms of a written operating <br />agreement, such document must be executed by at least two such managers or by one manager <br />if the limited liability company properly operates with the existence of only one manager. <br />e. Other requirements which the Company may impose following its review of the material <br />required herein and other information which the Company may require <br />First American Title <br />Page 4 of 14 <br />75J-12 <br />