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Order Number: O••SA^4443317 <br />Page Number: 2 <br />Dated as of August 26, 2015 at 7:30 A.M. <br />The form of Policy of title insurance contemplated by this report is: <br />To Be Determined <br />A specific request should be made if another form or additional coverage is desired. <br />Title to said estate or interest at the date hereof Is vested in: <br />ALDA SOUTH, LLC, A LIMITED LIABILITY COMPANY, AS TO AN UNDIVIDED 1/2 INTEREST; AND <br />VICALE, LLC, A LIMITED LIABILITY COMPANY AS TO AN UNDIVIDED Y2 INTEREST <br />The estate or interest in the land hereinafter described or referred to covered by this Report is: <br />A fee. <br />The Land referred to herein is described as follows: <br />(See attached Legal Description) <br />At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in said <br />policy form would be as follows: <br />11 General and special taxes and assessments for the fiscal year 2015-2016, a lien not yet due or <br />payable. <br />2. The lien of supplemental taxes, if any, assessed pursuant to Chapter 3.5 commencing with <br />Section 75 of the California Revenue and Taxation Code. <br />3. The effect of a map purporting to show the land and other property, filed March 12, 1954 in Book <br />27, Page 35 of Record of Surveys. <br />4. The effect of a map purporting to show the land and other property, filed December 23, 1955 in <br />Book 30, Page 24 of Record of Surveys. <br />5. The Terms, Provisions and Easement(s) contained in the document entitled "Agreement" <br />recorded January 18, 1956 in Book 3358, Page 495 of Official Records. <br />Document(s) declaring modiflcations thereof recorded June 22, 1960 in Book 5298, Page 21 of <br />Official Records. <br />6. An unrecorded lease dated June 30, 1980, executed by Victoria Leslie Deutsch and Alexis Lee <br />Deutsch, each as to an undivided one-half (1/2) Interest as lessor and Conroy's, Inc. as lessee, as <br />disclosed by a Memorandum of Lease recorded August 4, 1980 as Instrument No. 3285 In Book <br />13688, Page 1734 of Official Records. <br />First American Title <br />Page 2 of 14 <br />75L-9 <br />