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TAXES: The maximum amount of any tax on real property that can be collected annually by counties is 1% of the full cash value of the property. With the addition of interest and redemption charges on any indebtedness, approved by voters prior to July 1, 1978, the total property tax rate in most counties is approximately 1.25% of the full cash value. In some counties, the total tax rate could be well above 1.25% of the full cash value. For example, an issue of general obligation bonds previously approved by the voters and sold by a county water district, a sanitation district or other such district could increase the total tax. For the purchaser of a lot or unit in this subdivision, the "full cash value" of the lot or unit will be the valuation, as reflected on the tax roll, determined by the county assessor as of the date of purchase of the lot or unit 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 financial guarantees with the county to ensure completion to county standards. 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, 11013.1, and 11013.2(a) of the Business and Professions Code.) If the escrow has not closed on your lot within one (1) year of the date of deposit receipt, 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 or lease of lots in this subdivision. — CONDITIONS OF SALE - INTEREST TO BE CONVEYED: Pursuant to Civil Code Sections 2956 through 2967, inclusive, subdivider and purchasers must make certain written disclosures regarding financing terms and related information. The subdivider will advise purchasers of disclosures he needs from them, if any. If your purchase involves financing, a form of deed of trust and note will be used. The provisions of these documents may vary depending upon the lender selected. For further information in regard to this subdivision, you may call or examine the documents at the Department of Real Estate office indicated below: 4433 Florin Road, Suite 250, Sacramento, California, 95823, (916) 322-2505. 0218/LWL/os Page 5 of 5 File No. 023271SA-FOO