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NOV. 10.2084 9:39AP1 BU I L DER SERVCES N0.354 P.6/9 full cash value. For example, an issue of general obligation bonds previously approved by the voters and sold by a countN, water district, a sanitation district or other such district could increase the tax rate The total property tax rate for the subdivision is 1.00% for tax year 2002-2003. For the purchaser of a lot in this s jbdivision, the full cash value of the lot will be the valuation, as reflected on the tax roll, determined by the county assessor as of the date of purchase of the lot or as of the date of completion of an improvement on the lot if that occurs after the date of purchase. ASSESSMENTS; This subdivision lies within the boundaries of the San Joaquin Lighting District, CSA 449, Oakdale Irrigation District, Mosquito Abatement District, Flood Control District Zone No. 9 and Ground Water Investigation District and is subject c to any taxes, assessments, and o)ligations thereof. CONDITIONS OF SALE: If your purchase involves financing, a form of deed of trust and note will be used. The provis ons of these documents may vary depending on the lender selected. These documen s may contain the following provisions: Acceleration Clause: This is a clause in a mortgage or deed of trust which provides that if the borrower (trustor) defaults in repaying the loan, the lender may declare the unpaid balance of the loan immediately d ae and payable. Due-On-Sale Clause: if the loan instrument for financing your purchase of an interest in this subdivision includes a due-an-sale clause, the clause will be automatically enforceable by the lender when you sell the property. This means that the loan will not be assumable by a purchaser without the approval of the lender. If the lender does not declare the loan to be --ll due and payable on transfer of the property by you, the lender is nevertheless likely to insist upon modification of the terms of the instrument as a condition to permitting assumption by the buyer. The lender will almost certainly insist upon an increase in the interest rte if the prevailing interest rate at the time of the proposed sale of the property is h;gher than the interest rate of your promissory note. A Balloon Payment: This means hat your monthly payments are not large enough to Q pay off the loan, with interest, during the period for which the loan is written and that at the end of the loan period, you must pay the entire remaining balance in one payment. If you are unable to pay the balance and the remaining balance is a sizeable one, you should be concerned Nh,ith the possible difficulty in refinancing the balance. If you cannot refinance or sell your property, or pay off the balloon payment, you will lose your property. A Prepayment Penalty: This means that if you wish to pay off your loan in whole or in part before it is due, you must, in addition, pay a penalty. A Late Charge; This maans that if you fail to make your installment payment on or before the due date, or within a specified number of days after the due date, you, in addition, must pay a penalty. BEFORE SIGNING, YOU SHOULD READ AND THOROUGHLY UNDERSTAND ALL LOAA DOCUMENTS. BLD/os/1070 nage 4 of 7 File No. 110241 SA-F00