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ORDER NO. 218179/TM PAGE NO. 1 FIRST AMERICAN TITLE COMPANY OF STOCKTON 501 West Weber Avenue Suite 300 ♦ Stockton California 95203 phone (209) 9294800 ♦ fax (209) 929-4882 PRELIMINARY REPORT Title Officer: TIM MAXFIELD Property Address Per Assessor's Office: 1481 MANILA ROAD, LATHROP, CA 95330 "Subject to a minimum charge required by Section 12404 of the Insurance Code. The form of policy of title insurance contemplated by this report is:ALTA OWNER'S POLICY(10-17-92)WITH REGIONAL EXCEPTIONS (STANDARD COVERAGE), and a specific request should be made if another form or additional coverage is desired." In response to the above referenced application for a policy of title insurance, this Company hereby reports that it is prepared to issue, or cause to be issued, as of the date hereof, a policy or policies of title insurance describing the land and the estate or interest therein, hereinafter set forth, Insuring against loss which may be sustained by reason of any defect, lien or encumbrance not shown or referred to as an exception below or not excluded from coverage pursuant to the printed schedules, conditions and stipulations of said policy forms. The primed exceptions and exclusions from the coverage of said policy or policies are set forth in exhibit "A" - attached hereto. Copies of the policy forms should be read. They are available from the office which issued this report. This report(and any supplements or amendments hereto)is issued solely for the purpose of facilitating the issuance of a policy of title insurance and no liability is assumed hereby. If it is desired that liability be assumed prior to the issuance of a policy of title insurance, a binder or commitment should be requested. "Please read the exceptions shown or referred to below and the exceptions and exclusions set forth in Exhibit A of this report carefully. The exceptions and exclusions are meant to provide you with notice of matters which are not covered under the terms of the title insurance policy and should be carefully considered. It is important to note that this preliminary report is not a written representation as to the condition of title and may not list all liens, defects, and encumbrances affecting title to the land." Dated as of: JULY 2, 2004 at 7:30 a.m. Title to said estate or interest at the date hereof is vested in: ROSEVILLE INVESTMENTS, LLC, A FLORIDA LIMITED LIABILITY COMPANY (QUALIFIED TO DO BUSINESS IN CALIFORNIA AS FLORIDA ROSEVILLE INVESTMENTS, LLC)