25D - AGMT SHEA HOMES 2001 W MACARTHUR

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Exhibit 1 - Legal Description PARCEL 2, AS SHOWN ON EXHIBIT "B-1 " OF LOT LINE ADJUSTMENT NO. 2002-01, RECORDED April 16,2002 AS INSTRUMENT NO. 20020317856, OF OFFICIAL RECORDS. EXCEPTING THEREFROM THOSE PORTIONS AS CONVEYED TO THE CITY OF SANTA ANA BY DEEDS RECORDED July 8, 2003 AS INSTRUMENT NO. 797924 AND July 18, 2003 AS INSTRUMENT NO. 855320. BOTH OF OFFICIAL RECORDS. ALSO EXCEPTING THEREFROM ALL UNDERGROUND WATER, WATER RIGHTS, OIL, OIL RIGHTS, MINERALS, MINERAL RIGHTS, NATURAL GAS, NATURAL GAS RIGHTS AND OTHER HYDROCARBONS BY WHATSOEVER NAME KNOWN AND ALL RIGHTS THEREIN, GEOTHERMAL STEAM. AND ALL PRODUCTS DERIVED FROM ANY OF THE FOREGOING, THAT MAY BE WITHIN OR LTNDER THE PROPERTY, TOGETHER WITH THE PERPETUAL RTGHT OF DRILLING, PUMPING, MINING, EXTRACTING, EXPLORING AND OPERATING THEREFORE AND STORING IN AND REMOVING THE SAME FROM THE PROPERTY OR ANY OTHER PROPERTY, INCLUDING THE RIGHT TO WHIPSTOCK OR DIRECTIONALLY DRILL, PUMP AND MINE FROM PROPERTY OTHER THAN THE PROPERTY, WATER, OIL OR GAS WELLS, TUNNELS AND SHAFTS INTO, THROUGH OR ACROSS THE SUBSURFACE OF THE PROPERTY, AND TO BOTTOM SUCH WHIPSTOCKED OR DIRECTIONALLY DRTLLED WELLS, TUNNELS AND SHAFTS UNDER AND BENEATH OR BEYOND THE EXTERIOR LIMITS THEREOF, AND TO REDRILL, RETUNNEL, EQUIP, MAINTAIN, REPAIR, DEEPEN AND OPERATE ANY SUCH WELLS, TUNNELS OR SHAFTS; PROVIDED, HOWEVER, THAT IN NO EVENT SHALL THE OWNER OF THESE RIGHTS HAVE THE RIGHT TO DRILL, PUMP, MINE OR EXCAVATE THROUGH THE SURFACE OR THE UPPER 200 FEET OF THE SUBSURFACE OF THE PROPERTY PROVIDED ALSO HOWEVER, THERE SHALL BE NO RIGHT TO ENTER UPON THE SURFACE OF THE PROPERTY, TO DEPRIVE THE PROPERTY OF STRUCTURAL SUPPORT OR OTHERWISE INTERFERE IN ANY WAY WITH DEVELOPMENT, CONSTRUCTION OR OPERATION OF THE PROPERTY, AS RESERVED IN DEED RECORDED NOVEMBER 22, 2002 AS INSTRUMENT NO. 1056537, OF OFFICIAL RECORDS. APN: 412-541-07 25D-23