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Order No.: F-903401 Policy No.. ....JP-1597-255551 <br />SCHEDULE B <br />This policy does not insure against loss or damage, nor against costs, attorney's fees or expenses, any or all of which <br />arise by reason of the following: <br />PART I <br />1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies <br />taxes or assessments on real property or by the public records. <br />Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether <br />or not shown by the records of such agency or by the public records. <br />2. Any facts, rights, interests or claims which are not shown by the public records but which could be ascertained by <br />an inspection of the land or by making inquiry of persons in possession thereof. <br />3. Easements, liens or encumbrances, or claims thereof, which are not shown by the public records. <br />4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct <br />survey would disclose, and which are not shown by the public records. <br />5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance <br />thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b), or (c) <br />are shown by the public records. <br />SCHEDULE B <br />PART II <br />1. 1994-95 Taxes: <br />Code Area: 10-050; A.P.N.: 080G-0910-001-08; <br />Land: $3,034,216.00 <br />Improvements: none <br />Personal Prop: none <br />Exemption: none <br />1ST INSTALLMENT: $15,718.65 UNPAID <br />2ND INSTALLMENT: $15,718.65 UNPAID <br />Tracer No.: 198524-00; Tax Rate: 1.0357 <br />2. Supplemental Real Property Tax Assessments (Chapter 498, Statutes <br />of 1983, as amended): <br />The lien of supplemental taxes, if any, assessed pursuant to the <br />provisions of Chapter 3.5 (commencing with Section 75) of the <br />Revenue and Taxation Code of the State of California. <br />3. Any adverse claim based upon the assertion that: <br />a. Some portion of said land is tide or submerged lands, or has <br />been created by artificial means, or has accreted to such <br />portion so created. <br />b. Some portion of said land has been lost by reason of erosion. <br />Page 4 <br />