00198956_PrelimCommitment

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PRELIMINARY REPORT YOUR REFERENCE: 6521 & 6527 Brynhurs Fidelity National Title Company ORDER NO.: <strong>00198956</strong>-994-VNO-SI EXCEPTIONS AT THE DATE HEREOF, ITEMS TO BE CONSIDERED AND EXCEPTIONS TO COVERAGE IN ADDITION TO THE PRINTED EXCEPTIONS AND EXCLUSIONS IN SAID POLICY FORM WOULD BE AS FOLLOWS: 1. Property taxes, which are a lien not yet due and payable, including any assessments collected with taxes to be levied for the fiscal year 2018-2019. 2. Property taxes, including any personal property taxes and any assessments collected with taxes, are as follows: Code Area: 06612 Tax Identification No.: 4006-020-010 Fiscal Year: 2017-2018 1st Installment: $2,969.06 Paid 2nd installment: $2,969.04 Delinquent + Penalty $306.90 Exemption: $0.00 Land: $306,000.00 Improvements: $153,000.00 Personal Property: $0.00 3. The lien of supplemental or escaped assessments of property taxes, if any, made pursuant to the provisions of Chapter 3.5 (commencing with Section 75) or Part 2, Chapter 3, Articles 3 and 4, respectively, of the Revenue and Taxation Code of the State of California as a result of the transfer of title to the vestee named in Schedule A or as a result of changes in ownership or new construction occurring prior to Date of Policy. Note: If said supplementals (if any) are not posted prior to the date of closing, this company assumes no liability for payment thereof. 4. Water rights, claims or title to water, whether or not disclosed by the public records. 5. Any rights of the parties in possession of a portion of, or all of, said Land, which rights are not disclosed by the Public Records. 6. Easement(s) for the purpose(s) shown below and rights incidental thereto as granted in a document: Granted To: Pacific Telephone and Telegraph Company, a Corporation Purpose: Public utilities Recording Date: April 29, 1960 Recording No.: 4923, Official Records Affects: A portion of said land 7. The Land described herein is included within a project area of the Redevelopment Agency shown below, and that proceedings for the redevelopment of said project have been instituted under the Redevelopment Law (such redevelopment to proceed only after the adoption of the Redevelopment Plan) as disclosed by a document. Redevelopment Agency: Community Redevelopment Agency of the City of Los Angeles Recording Date: November 30, 2007 Recording No.: 20072636427, Official Records CLTA Preliminary Report Form – Modified (11/17/06) Page 4
PRELIMINARY REPORT YOUR REFERENCE: 6521 & 6527 Brynhurs Fidelity National Title Company ORDER NO.: <strong>00198956</strong>-994-VNO-SI EXCEPTIONS (Continued) 8. A deed of trust to secure an indebtedness in the amount shown below, Amount: $2,500,000.00 Dated: June 3, 2016 Trustor/Grantor: Aa CA Property Portfolio 1, LLC, A California Corporation Trustee: Old Republic Title Company Beneficiary: Partners Capital Solutions Fund, LP, a Delaware Limited Partnership Loan No.: None Shown Recording Date: June 9, 2016 Recording No: 20160665582, Official Records The Deed of Trust set forth above is purported to be a “Credit Line” Deed of Trust. Under California Civil Code §2943.1 it is a requirement that the Trustor/Grantor of said Deed of Trust either immediately provide the beneficiary with the “Borrower’s instruction to Suspend and Close Equity Line of Credit” or provide a satisfactory subordination of this Deed of Trust to the proposed Deed of Trust to be recorded at closing. If the above credit line is being paid off, this Company will require that Escrow obtain written confirmation from the current Beneficiary that the account has been frozen prior to recording. Failure to do so will result in this Company holding funds at the close of Escrow until such confirmation is obtained from the Beneficiary. This mortgage appears to be an equity line mortgage. A full satisfaction of same must be obtained and all credit cards and/or the balance of verified unused account checks must be sent to the lender together with a 'cancellation of equity line affidavit' from the mortgagor instructing the lender to close the account. An agreement to modify the terms and provisions of said deed of trust as therein provided Executed by: TDC Pacific Properties, Inc Recording Date: August 17, 2017 Recording No: 20170932254, Official Records An agreement to assume the obligation thereof, as provided in the instrument Entitled: Assumption of Deed of Trust Agreement (Release of Original Borrowers) Dated: August 8, 2017 Recording Date: August 16, 2017 Recording No.: 20170925328, Official Records Reference is hereby made to said document for full particulars 9. The Company and its policy issuing agents are required by Federal law to collect additional information about certain transactions in specified geographic areas in accordance with the Bank Secrecy Act. If this transaction is required to be reported under a Geographic Targeting Order issued by FinCEN, the Company or its policy issuing agent must be supplied with a completed ALTA Information Collection Form ("ICF") prior to closing the transaction contemplated herein. PLEASE REFER TO THE “INFORMATIONAL NOTES” AND “REQUIREMENTS” SECTIONS WHICH FOLLOW FOR INFORMATION NECESSARY TO COMPLETE THIS TRANSACTION. END OF EXCEPTIONS CLTA Preliminary Report Form – Modified (11/17/06) Page 5
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Page 3: PRELIMINARY REPORT YOUR REFERENCE:
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Page 9 and 10: Wire Fraud Alert This Notice is not
Page 11 and 12: in the good-faith belief that such
Page 13 and 14: Notice of Available Discounts Pursu
Page 15 and 16: c. that result in no loss to You; o
Page 17: ALTA EXPANDED COVERAGE RESIDENTIAL
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Page 23 and 24: ALTA Information Collection Form Pa
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