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Order Number: 0131-624484ala Page Number: 6 15. The terms and provisions contained in the document entitled "Grant Deed" recorded December 16, 2009 as Instrument No. 2009-178355 of official records. 16. The effect of a document entitled "Grant Deed", recorded December 15, 2010 as Instrument No. 2010-160994 of Official Records. The requirement the document is re-recorded to include a complete and correct legal description. 17. Water rights, claims or title to water, whether or not shown by the Public Records. 18. Rights of parties in possession. 19. Any facts, rights, interests or claims which would be disclosed by a correct ALTA/NSPS survey. Prior to the issuance of any policy of title insurance, the Company will require: 20. With respect to SUNCHASER REAL ESTATE ONE LLC, a Delaware limited liability company: a. A copy of its operating agreement and any amendments thereto; b. If it is a California limited liability company, that a certified copy of its articles of organization (LLC- 1) and any certificate of correction (LLC-11), certificate of amendment (LLC-2), or restatement of articles of organization (LLC-10) be recorded in the public records; c. If it is a foreign limited liability company, that a certified copy of its application for registration (LLC-5) be recorded in the public records; d. With respect to any deed, deed of trust, lease, subordination agreement or other document or instrument executed by such limited liability company and presented for recordation by the Company or upon which the Company is asked to rely, that such document or instrument be executed in accordance with one of the following, as appropriate: (i) If the limited liability company properly operates through officers appointed or elected pursuant to the terms of a written operating agreement, such document must be executed by at least two duly elected or appointed officers, as follows: the chairman of the board, the president or any vice president, and any secretary, assistant secretary, the chief financial officer or any assistant treasurer; (ii) If the limited liability company properly operates through a manager or managers identified in the articles of organization and/or duly elected pursuant to the terms of a written operating agreement, such document must be executed by at least two such managers or by one manager if the limited liability company properly operates with the existence of only one manager. e. Other requirements which the Company may impose following its review of the material required herein and other information which the Company may require 21. An ALTA/NSPS survey of recent date which complies with the current minimum standard detail requirements for ALTA/NSPS land title surveys. First American Title Page 6 of 17