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TAXES : (Continued) For the purchaser of a lot in this subdivision , 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 r of the lot or as of the date of completion of an improvement on the lot if that occurs after the date of purchase. STREETS AND ROADS : As of the date of this report , streets have not been completed. The subdivider has posted a bond with the county to ensure completion to county standards . Subdivider has 1 year to complete. The time limit may be extended by the county. PURCHASE MONEY HANDLING: The subdivider must impound all funds received from you in an escrow depository until legal title is delivered to you. [Refer to Sections 11013 and 11013.4(a) of the Business and Professions Code . ] , If the escrow has not closed on your lot within 90 days of the date of escrow opening , you may request return of your deposit . NOTE : Section 2995 of the Civil Code provides that : "No real estate developer shall require as a condition precedent to the transfer of real property containing a single family residential dwelling that escrow services effectuating such transfer shall be provided by an escrow entity in which the developer . . . (owns or controls) 5% or more of the escrow entity. " THE SUBDIVIDER HAS NO SUCH INTEREST IN THE ESCROW COMPANY WHICH IS TO BE USED IN CONNECTION WITH THE SALE OF LOTS IN THIS SUBDIVISION. CONDITIONS OF SALE: If your purchase involves financing , a form of Deed of Trust and Note will be used . The provisions of these docu- ments may vary depending upon the lender selected. BEFORE SIGNING, YOU SHOULD READ AND THOROUGHLY UNDERSTAND ALL LOAN DOCUMENTS. For further information in regard to this subdivision , you may call (916) 322-2505 or examine the documents at the Department of Real Estate , 4433 Florin Road , Suite 250, Sacramento, California 95823. 0287/VFP/bb Page 4 of 4 File No . 021636SA-F00