Lovell Canyon Raw Land — Two Parcels

Title exceptions (Schedule B)

Exceptions to coverage in addition to the printed exceptions and exclusions in the title policy form, as stated in the title exceptions section (Schedule B) at the date thereof.

Exceptions 1 through 6 will not appear on extended coverage title policies.

1. 1.Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or the public records.
2. 2.Any facts, rights, interests, or claims which are not shown by public records but which could be ascertained by an inspection of the land or which may be asserted by persons in possession thereof.
3. 3.Easements, liens or encumbrances, or claims thereof, which are not shown by the public records.
4. 4.Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by public records.
5. 5.(a) Unpatented mining claims; (b) Reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) Water rights, claims or title to water, whether or not the matters excepted under (a), (b) or (c) are shown by the public records.
6. 6.Any lien or right to a lien, for services, labor or materials heretofore or hereafter furnished, imposed by law and not shown by the public records.
7. 9.Any taxes that may be due but not assessed for new construction which can be assessed on the unsecured property rolls in the Office of the Clark County Assessor, per Nevada Statute 361.260.
8. 10.The lien, if any, of supplemental taxes, assessed pursuant to the provisions of the 1983 Nevada Legislature under Nevada Revised Statutes No. 361.260.
9. 11.Any taxes that may be due, but not assessed as provided under SB 509 Section 28, which amends Section 5 of Chapter 20, Statutes of Nevada 2005.
10. 12.Water rights, claims or title to water, whether shown by the public record.
11. 13.Mineral rights, reservations, easements and exclusions in patent from the United States of America. Recorded: on May 2, 1927 as Instrument #26059 in Book 224.
12. 14.A document entitled Certificate of Land Division Number LD134-92. Recorded: on March 15, 1993 in Book 930315, Page 00596.
13. 15.A document entitled Certificate of Land Division Number LD294-93. Recorded: on July 19, 1994 in Book 940719, Page 01170.
14. 16.Any rights, interests or claims which may exist or arise by reason of a Record of Survey. File 76 of Surveys, Page 41. Recorded: on May 3, 1995 in Book 950503, Page 00680.
15. 17.After a search of the Clark County Records, no open Deeds of Trust were found. If this statement is incorrect, notify Equity Title of Nevada immediately.
16. 18.The title to said land is presumptively subject to the community interest of the spouse, if any, of the vested owner, and any matters that may be disclosed by a search of the records against the name of said spouse.
17. 19.REQUIREMENT: Matters of record that do not specifically describe said land, but which, if any do exist, may affect the title or impose liens or encumbrances thereon. The name search necessary to determine the existence of such matters has not been made because the identity of the buyer is unknown.
18. 20.Rights and claims of parties in possession by reason of unrecorded leases, if any, that would be disclosed by an inquiry of the parties, or by an inspection of said land.
19. 21.REQUIREMENT: An inspection of the subject property is required prior to closing. Additional exceptions and/or requirements may be added due to facts, rights, interests or claims which are ascertained thereby. Should the inspection disclose construction currently in progress or recently completed, be advised that the final title insurance policy(ies) may exclude coverage against unrecorded mechanic's liens which may arise therefrom.

Per-parcel property tax status (Schedule B items 7 and 8) is shown in Parcel Details above. Contact Dr. Jan Duffy for the current title commitment and closing requirements.