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<br />MAY-12-2005 THU 09:50 AM CITY OF SAN LEANDRO <br /> <br />FAX NO, 5105773310 <br /> <br />p, 03 <br /> <br />EXHIBIT B <br /> <br />PLACER TITLE COMPANY <br /> <br />Preliminary Report <br /> <br />Issued By: <br /> <br />Order No. 815-600 <br />UPDATE <br />Version 3 <br /> <br />PLACER TITLE COMPANY <br />433 ESTVDILW A VENL'E <br />STE. 107 <br />SAN LEA:~'DRO, CA 94577 <br />Escrow Officer: Jennifer Fr:ye <br />Phone:510~7-640S <br />Fax: 510..895-5263 <br />Custo.mer Reference: <br /> <br />Property Address: 13664 )!:AST 14TH STREET, SAN LEANDRO, CA 94577 <br /> <br />In response to tbe abow rel'erenced application for a poJicy or fit Ie insurance, PLACRR TITLE COl'tlP ANY <br />hereby reports that it is prepared to issue., or cause to be issued, through one of ibi authorized uuderwrhent, as of the <br />date hereof, a Polky or Polk.ies of Title InllUl'an<.-e describing the land And the estate or interest fhtt.rcib het-einafter lid <br />forth, insuring against loss which nta)' ~ sustained by ffaSOn of any detect, lien or eacuOIbrllDCf! not lObo,,," fir referred <br />to as an Exception below or not e~cJuckd front coferage pursuant to the printed Schedules, Condition... and Stipulations <br />of said Polic,' forms. <br /> <br />The printed Exl"Cptions and ExcllJ:!iiions from the coverage and Limitations on Covered Ri~b (jf said Pol ie)' or PoIiciII!s <br />.8re set forth in the attached. Umitations on Covered fUsIcs appl~ble to the CLTA and ALTA Homeowner's polielt$ <br />of Title Insurance whicb establish a Deductible- Amount lUld a Maxlmunl Dollar Limit ot Liab'lj~' for certain CQvc:nttIG <br />are also set Corth io the attached. Copk5 of tbe Policy forms should be read. The" are available from the: otrace \1'hidl <br />issued this report. <br /> <br />PLEASE READ 'fHE ~XCEPTIONS SHOWN OR REFERRED TO BELOW AND THE EXCEPTlO!IlS AND <br />EXCLUSIONS SI1T FORm IN THE ATrACllED CAREFULLY. THE EXCEPTIONS A.I'I/D EXCLUSIONS <br />ARE MEA.~" TO PRO\1DE YOU Wl11i NOTICE OF MATTERS wmca ARE NOT COVERED UNDER <br />THE TERMS OF TITLE L~SURANCE POLICY A.1'\ID SHOLfLD BE CAREFlJ'4LY CONSIDERED. rr IS IM- <br />PORTANT TO NOTE mAT TIllS PRELlMlNARY REPORT IS NOT A WRl'ITEN REPRESENTATION AS <br />TO THE CONDITION OF TITLE ANl> MAY NOT LIST ALL UENS, DEFEC'l'S AND ENCUMBRANCES <br />AFFEC'rlNG TITLE TO THE LAND. <br /> <br />Thill report (and any supplements or amendment!! hereto) 1.0; L'l$ued solei,. for the purpose or facilitating the isliuance of a <br />poUel of title insurance and no liability is assumed hereby, If it is desired that liabiJit), be ASSUmed prior to the issuance <br />ot a polk)' of title illsul'llDce, a Binder or Commitment !Jhnuld he reqlK'Sted. <br /> <br />D~ted lIS or April 04, 2005 at 7:30 a.m. <br />Title Officer: Share Moreland <br />tUL!. CL T A Preliminary Report <br /> <br />MAY 12,2005 10:44 <br /> <br />5105773310 <br /> <br />Page 3 <br />