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NOV. 10.2004 9:38AN BUILDER SER',%:LES N0.854 P.4/9
<br /> SPECIAL NOTES
<br /> 1. THIS REPORT COVERS LOTS 28, 29,13t. 43, 44. 45, 53, 54, 67, 68, 76, 77, 78,�,,O9
<br /> and ,93;
<br /> 2. IF YOU PURCHASE FIVE OF, MORE SUBDIVISION LOTS FROM THE SUBDIVIDER,
<br /> THE SUBDIVIDER IS REQUI QED TO NOTIFY THE REAL ESTATE COMMISSIONER
<br /> OF THE SALE. Ir YOU INTEND TO SELL YOUR INTERESTS OR LEASE THEM FOR
<br /> TERMS L%ANGER THAN ONE: YEAR, YOU ARE REQUIRED TO OBTAIN AN
<br /> AMENDED SUBDIVISION PL,BLIC REPORT BEFORE YOU CAN OFFER THE
<br /> INTERESTS FOPP, SALE OR ►_EASE.
<br /> LOCATION AND SIZE: This subd vision contains 16 lots on 40 acres in San Joaquin
<br /> County, at Lone Tree Road and henry Road approximately 6 miles northeast from
<br /> Escalon, California.
<br /> TITLE: Title is vested in NORMA .!. NORTON, Trustee of the Norton Revocable Trust
<br /> under instrument dated February 23, 1993.
<br /> The subdivider provides the follow ing explanation for the vesting within the preliminary
<br /> title report dated December 2, 2003:
<br /> The vesting on the preliminary title report reflects only Norma J. Norton as trustee and
<br /> the Final Public Report is issued under the applicant names of Norma J. Norton,
<br /> Trustee and Omega Ventures, a California corporation. This is because Omega
<br /> Ventures is a "cloud" on Norma's .itle, by reason of the fact that they guaranteed the
<br /> financing; they joined in the exeCLtion of the Deed of Trust.
<br /> Because of their joinder in the execution of the Deed of Trust, the title company
<br /> requires that Omega Ventures join in the grant deed, to convey any right, title or interest
<br /> that they might have in the property. With their execution of the grant deed, the new
<br /> buyer can then be insured clear tidle. For that reasbn, the sample documents do reflect
<br /> both entities conveying title. It is because of this vesting issue that we applied for the
<br /> Final Public Report in both name:.
<br /> A preliminary (title) report shows title, among other things, to be subject to:
<br /> Matters contained in., that certain rocument
<br /> Entitled: SDF A-94-00.3 Secured Deferred Frontage and Roadway
<br /> Improvement Agreement for Henry Road, Road No. 772, Future
<br /> Chapman Way, and Future Norton Avenue
<br /> Dated., November 7, 1994
<br /> Executed By: County of Sa,i Joaquin and Norma J, Norton, Trustee of the Norton
<br /> Revocable Ti,ist under Instrument dated*February 23, 1993.
<br /> Recorded: November 8, 1994 as Document No. 94122650, Official Records.
<br /> Affects: Lot 43. Lot 4, Lot 45, Lot 53, Lot 54, Lot 67, Lot 68, Lot 76, Lot 77
<br /> and Lot 78.
<br /> BLD/os/1070 Page 2 of 7 File No. 110241 SA-F00 4
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