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' SEP, 4.2005 a:22AM NO. P.2 1Jserow Branch._ Title I3raach: Alliance 2291 W.March Lane, Suite 1110017060 S.Harl n Road S7 ncictoh, CA 95207 Lathrop,CA 95336 Title (209)476-1.515 {209)858-1917 Fax., (209)476-1219 hoax. (209)858-1827 PRELIM NARY R1OORT ' Escrow Officer: DOUR NUIVZM ORDER NO.12189558-703- DN - Ref. No:Educators Land/Craig Property Address: E APN: 039-220-26 In reg=st to the above referee Iced application for a policy of tido mswwce,this Company reports that it is prepAred to issue,or cause to be issued, as of the date he=f,a Policy or policies of Title Insurance describing the land and the estate or interest therein heremaf er set forth,insuring against loss which may be sustained by'reascn of any defect, lien or encumbrance not shown er referred to as an Exception herein or cot excluded from coverage pursuant to the printed!$chcdules, Conditions ud SSipulations of said policy forms. The printed Receptions and Exclusions &ern the coverage of said Policy or Policies are set forth in Exhibit A attached. PlL-Ise read the exceptlons shoWn or referred to below and the Exeeptions and Exclusions set forth in rahibit A of this report carefully, The exceptions and aexclaslons are meant to provide you with notice of matters which are not covered under,the terms of the title insurance policy i and should bo carefully conside' ed. It is important to note that dais preliminary report is not a written representation as to the condition of title and may not list all Ilene,defects, and rucunrbrAnces afTecting title to the land. This report(and any supplements hereto)is issued solely for the purpose of facilitating the issuance of a policy of title insurance audlno liability is asaimed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title insurance,a Binder or Cornmitmeist should be requested. The form ofpoliev of title ure lutance contemmlated by this report is: CLIA Owner's,ALTA(Lender's issued by First American Title Insurance Company Dated as of August S,2003 at 7:30 axi. P T The estate oa-interest in the(mid hareinaftes descnabed or referred to covered by this Report is; A Fee , I4 t Title w said estate or interest at the date hereof is Vested in; f Educators Land Development Corporation f The land referred to iu this Report is situated in the State of California,County of San 'Soaquin and is described as follows; (See "Legal Description"Srheduhe C attached) , At the date hereof exceptions to Coverage in addition to the printed Exceptians and Exclusions in said policy would be those as shown k on the followi:ag pages. { f .