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Order Number: 0131-622151ala Page Number: 4 Dated as of April 01, 2020 at 7:30 A.M. The form of Policy of title insurance contemplated by this report is: ALTA Extended Loan Policy - 2006 ALTA Extended Owner Policy - 2006 A specific request should be made if another form or additional coverage is desired. Title to said estate or interest at the date hereof is vested in: MOUNTAIN HOUSE DEVELOPERS, LLC, A DELAWARE LIMITED LIABILITY COMPANY FORMERLY SHEA MOUNTAIN HOUSE, LLC, A DELAWARE LIMITED LIABILITY COMPANY The estate or interest in the land hereinafter described or referred to covered by this Report is: A fee. The Land referred to herein is described as follows: (See attached Legal Description) At the date hereof exceptions to coverage in addition to the printed Exceptions and Exclusions in said policy form would be as follows: 1. General and special taxes and assessments for the fiscal year 2020-2021, a lien not yet due or payable. 1a. Assessment liens, if applicable, collected with the general and special taxes, including but not limited to those disclosed by the reflection of the following on the tax roll: Community Facilities District MTN HOUSE QUESTA ZONE 1. 2. The lien of special tax assessed pursuant to Chapter 2.5 commencing with Section 53311 of the California Government Code for Community Facilities District No. 2007-1 (Mountain House -- Shea Homes), as disclosed by Notice of Special Tax Lien recorded May 24, 2007 as Instrument No. 2007-098508 of Official Records. 3. The land lies within the boundaries of proposed community facilities District No. 2008-1, as disclosed by a map filed January 25, 2008 in Book 5, Page 185 of maps of assessment and community facilities districts, recorded January 25, 2008 as Instrument No. 2008-014206 of Official Records. First American Title Page 4 of 18