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LLA 14862447- 10555 Cordova Rd & 22766 Alclade Rd-APNs 342-44-10 & 342-44-11RECORDING REQUESTED BY City of Cupertino WHEN RECORDED MAIL TO City of Cupertino 10300 Torre Avenue Cupertino, CA 95014 NO FEE IN ACCORDANCE WITH GOV. CODE 6103 Doc#: 14862447 6/18/1999 8:00 AM (SPACE ABOVE THIS LINE FOR RECORDER'S USE) LOT LINE ADJUSTMENT DONALD H. DIEHL AND ALMA E. DIEHL, JOINT TENANTS, (PARCELS A, B AND Q 10555 CORDOVA ROAD, APN 342-44-10; RICHARD GRACIA, SR. AND NELLIE GRACIA, AS TO AN UNDIVIDED 1/2 INTEREST EACH, AS TO PARCEL ONE; DONALD DIEHL AND ALMA DIEHL, AS TO AN UNDIVIDED ''/2 INTEREST AS TO PARCEL TWO (PARCEL D); 22766 ALCALDE ROAD, APN 342-44-11 / 7- ell / O Original For Fast Endorsement Cite of, Cupertilio LOT LINE ADJUSTMENT PROPERTY OWNERS: Donald H. Diehl and Alma E. Diehl, husband and Wife as Joint Tenants (Parcels A, B and C) Richard Gracia, Sr. and Nellie Gracia, by Devise, As To An Undivided'/Z Interest Each, as to Parcel One; Donald Diehl And Alma Diehl, who acquired title as Donald and Alma Diehl, Each As to An Undivided'/2 Interest As to Parcel Two (Parcel D) ACTION BY THE CITY ENGINEER APPROVING A LOT LINE ADJUSTMENT BETWEEN TWO OR MORE ADJACENT PARCELS BE IT RESOLVED BY THE CITY ENGINEER OF THE CITY OF CUPERTINO A request for a lot line adjustment between Parcels A, B, C and D, as designated on the attached plat and descriptions marked Exhibit "A" and attached hereto, has been submitted by the record owners of the above properties (as shown in Exhibit `B", attached) of the City of Cupertino with the request that an adjustment of lot lines be approved by the City Engineer. The City Engineer hereby finds that the lot line adjustment requested is between two or more adjacent parcels, that the land taken from one of the parcels is added to the adjacent parcel and that a greater number of parcels than originally existed would not be created. Based on the above facts and findings and by the authority of Section 18.08.0101-1 of the City of Cupertino Municipal Code and Section #66412d of the Subdivision Map Act, said lot line adjustment is hereby approved. This lot line adjustment shall be totally null and void without further act of the City of Cupertino, in the event that the change in title interest of ownership (including lien holder interest) is not recorded by Grant Deeds within twelve (12) months from the approved date and/or in the event that any change in title interest of ownership (including lien holder interest) from the specified on the preliminary title report designated on Exhibit `B" and attached hereto, occurs prior to the recordation of the grant deed conveying the real property in conformity to Exhibit "A". Approved this vJ day of 1999. BERT VISKOVICH 1 1999 Printed on Pecvclerf Panay EXISTING PARCEL "A" LEGAL DESCRIPTION l I B IT All that certain real property situate in the City of Cupertino, County of Santa Clara, State of California described as follows: Being all of Sections 201 and 220 as shown on that certain Record Of Survey filed for record in Book 713 of Maps at page 43, Santa Clara County Records. Said parcel of land containing 17,238 square feet, more or less (net). Prepared by: Marvin D. Kirkeby R.C.E No. 14001 Expires 3/31/2001 SCALE: r ■ 50' 0 0 ai 0 Z Parcel No, Existinq ProDosed A 17 238 S F 10 000 S.F. ( NET ) B 8.720 141915 S.F. C 9 EXHIr"IT �l 203 S F - l ID 33 S.F.9.558 SF 1 I I N 89.40'00" W 21L51 / \77 \7 7, 75J2 104.78 N 89.40'00" W 25.00 \_ N 89.40'00 W ` 100J2 25.00 54.78 06 y 200 20/ KO 202 PARCEL D PARCEL C � v�v N 83, 25J7 24'35- W 77.09 203,04 M E �' C R - - OA o 203 -PARCEL B s�'r �Iv�� ���� F OF C1� o: " EXHIB7A" KIRKEBY ENGINEERING PLAT TO ACCOMPANY DESCRIPTION SCALE: I" = 50' 2397 FOREST AVENUE EXISTING PARCEL A DATE: APRIL, 1999 SAN JOSE, CA 95128 (408) 984-0331 JOB NO. 98044 It a EXISTING PARCEL `B" LEGAL DESCRIPTION IE3C➢-99BIT A All that certain real property situate in the City of Cupertino, County of Santa Clara, State of California described as follows: Being all of Section 203 as shown on that certain Record Of Survey filed for record in Book 713 of Maps at page 43, Santa Clara County Records. Said parcel of land containing 8,720 square feet, more or less. Prepared by: Marvin D. Kirkeby R.C.E No. 14001 Expires 3/31/2001 �." 4001 m Exp. 3/31/01 , (P C 1 V- _j X Parcel No. Existin A 17 238 B 8,720 Proposed�� 10 (NET) 14,915 S.F. EXH o C 9,203 S F 1 9 .203 D 33 SF 955 SF I. I J I I I SCALE. r . so' I N 89.40'00" W 211.31 220 le Act. - PARCEL A 0 of �-j 7SJ2 N 89.40'00" W L'25.00 100J2 200 PARCEL D 2 L78 z 83.2-3 W MEDES 20,3 �3oo�w — PARCEL B� 104.78 N 89.40'00" W " EXHIBIT A '. KIRKEBY ENGINEERING 2397 FOREST AVENUE SAN JOSE, CA 95128 (408) 984-0331 LM . :a :� 202 PARCEL C V 1 PLAT TO ACCOMrA EXISTING PARCE NY DESCRIPTION SCALE: 1" - 50' L B DATE:-APRII, 1999 JOB NO. 98044 EXISTING PARCEL "C" LEGAL DESCRIPTION EXHIBIT A All that certain real property situate in the City of Cupertino, County of Santa Clara. State of California described as follows: Being all of Section 202 as shown on that certain Record Of Survey filed for record in Book 713 of Maps at page 43, Santa Clara County Records. Said parcel of land containing 9,203 square feet, more or less. Prepared by: Marvin. D. Kirkeby R.C.E No. 14001 Expires 3/31/2001 X SCALE. r . ao' 75J2 N 89.40'00" W 100J 2 200 PARCEL D Parcel No. Existinq Proposed A 17,238 .S F 10,000 ( NET EXHIBIT B 8,720 S,F, 14,915 S.F. C 9 203 SF, 9 - I II D 1 8,533 S.F.9,558 S.F. I10 J N 89.40'00" W I 2101 / 220 PARCEL A \o/; �o 104.78 " '25.00 N 89.40'00" W 25.00 54.78 Oro ,y 201 202 '-, Npq PARCEL C 100 78 N 83� 25J7 24'33" �y McRC'eDES 203 PARCEL B O A D •� " EXHIBIT A " KIRKEBY ENGINEERING 2397 FOREST AVENUE SAN JOSE, CA 95128 (408) 984-0331 l� cm OF CA1.�� PLAT TO ACCOMPANY DESCRIPTION SCALE: I" - 50' EXISTING PARCEL C DATE:_APRIL, 1999 JOB NO. 98044 EXISTING PARCEL "D" EXHIBIT A LEGAL DESCRIPTION All that certain real property situate in the City of Cupertino, County of Santa Clara, State of California described as follows: Being all of Section 200 as shown on that certain Record Of Survey filed for record in Book 713 of Maps at page 43, Santa Clara County Records. Said parcel of land containing 8,533 square feet, more or less. Prepared by: Marvin D. Kirkeby R.C.E No. 14001 Expires 3/31/2001 x SCALE. r • so, Parcel No, Existinq A 17,238 SF B 8,720 C 9,203 S F D 8,533 S.F rro ose 14 9 5 S.F. (NET) I IT 9.2 558 SF i 9 N 89.40'00" W I 21L51 / 220 PARCEL A 75J2 N 89.40'00" W [25.00 \OOJ 2 \ 200 X I PARCEL D N 83.24--33 20 q7 2P Q _?5J7 " EXHIBIT A " KIRKEBY ENGINEERING 2397 FOREST AVENUE SAN JOSE, CA 95128 (408) 984-0331 104.78 N 89.40*00" W 25.00 54.78 6 �, 202 ej9` PARCEL C BT 6 77.09 203 `.k PARCEL 8 PLAT TO ACCOMPANY DESCRIPTION EXISTING PARCEL D SCALE: I" = 50' DATE:_APRIL. 1999 JOB NO. 98044 ExHa"T A PROPOSED PARCEL "A" LEGAL DESCRIPTION All that certain real property situate in the City of Cupertino, County of Santa Clara, State of California described as follows: Beginning at the northwesterly corner of Section 220 as shown on that certain Record Of Survey filed for record in Book 713 of Maps at page 43, Santa Clara County Records; thence along the northerly line of said Section 220 S 89°40'00" E 100.65 feet; thence leaving said northerly line S 06°32' 14" W 80.01 feet; thence S 04°36'54" E 29.56 feet to the northerly line of Section 202 as shown on said Map; thence along said northerly line N 89040'00" W 35.83 feet; thence leaving said northerly line S 01°11'09" W 94.14 feet to the northerly line of Mercedes Road as shown on said Map; thence along said northerly line of Mercedes Road N 83°24'35" W 25.11 feet; thence leaving said northerly line of Mercedes Road N 01'11'09" E 102.07 feet; thence N 87")1'05" W 33.34 feet to the westerly line of said Section 220; thence along said westerly line NORTH 97.09 feet to the POINT OF BEGINNING. Said parcel of land containing 10,000 square feet (net). Prepared by: e 4001 m Marvin D. Kirkeby Exp 3/31/01, R.C.E No. 14001 Expires 3/31/2001 s�q�F Fii�Nt-�F�Q`'\ SCALE: r . 5o' Par el No, ExIstin Proposed A 17.10 000 S F !NET ) EXHIBIT A 8 72 720 14 915 S C 9 203 S F 9,203 S.F. D 8533 U. 0 i 0. . I / / I N 89.40'00' W _ 21L81 220 o PARCEL A23 \ \ W �►�` oP 3 Iu tO• Al; 4 201 6 PARCEL B 06 .W, N 89.40*00' W 33.34 . \ 6Q.83 33.83 ` I i 78J2 = —� 25,00 46.69 �It 00 EX. HOUSE 1 N 89• ��� C I o k, via PARCEL D — \ a � PARCEL C B,.'00* W O1 O \ \\Z I\- 2SJ1 203,04 M-� C F D E �} cIV\ �. OF CF���O " EXHIBIT A " KIRKEBY ENGINEERING PLAT TO ACCOMPANY DESCRIPTION SCALE: r • 50' 2397 FOREST AVENUE PROPOSED PARCEL A DATE: APRIL 1999 SAN ,LOSE, CA 95128 (408) 984-0331 JOB NO. 98044 PROPOSED PARCEL "B" EXHBIT A LEGAL DESCRIPTION All that certain real property situate in the City of Cupertino, County of Santa Clara, State of California described as follows: Beginning at the northeasterly corner of Section 220 as shown on that certain. Record Of Survey filed for record in Book 713 of Maps at page 43, Santa Clara County Records; thence along the northerly line of said Section 220 N 89°40'00" W 110.84 feet; thence leaving said northerly line S 06°32' 14" W 80.01 feet; thence S 04°36'54" E 29.56 feet to the northerly line of Section 202 as shown on said Map; thence along said northerly line S 89040'00" E 10.86 feet and N 44°33'41" E 3.86 to the northeasterly corner of Section 202 as shown on said Map; thence S 55125'40" E 88.44 feet the northwesterly line of Cordova Road as shown on said Map; thence along said northwesterly line of Cordova Road N 44°33'41" E 84.78 feet; thence leaving said northwesterly line N 45'26' 19" W 87.10 feet to the southeasterly line of Section 220 as shown on said Map; thence along said southeasterly line N 44°33'41" E 48.13 feet to the POINT OF BEGINNING. Said parcel of land containing 14,915 square feet, more or less. Prepared by: Marvin D. Kirkeby R.C.E No. 14001 �I Expires 3/31/2001 Exp. OF P Par el No, ExIstIng Pr000s6d ( NET) EXHIBIT A A 17,238, Sf 10,000 S F 2,72 14 915 S C 9 203 S F 9 203 S.F. II D I U33U. I ,I i I - - I I - - I �J • scALE: r . 5o' I / I I N 89.40'00' W I 21L51 / 100.65 noes \ 220 PARCEL A n ►t` °� 2 t- 3 • n-���ti�, .s. 41 6 ,3' PARCEL B 6Q 83 , O j_r 75J2 = —� 20,00 46,69 'J• �- ►` N 89.40'00" W �J�• O rtousE i o 200 ,� 202 w PARCEL D e J PARCEL C °ate W W C1 M O 01 0 107.O �N 8J'24'Jb" `y 25Jl 70,91 - V 20 - 4 c E D E S _ No.14001 ROAD * E,,Vim a} clv��- Q�t OF C1����0 " EXHIBIT A " KIRKEBY ENGINEERING PLAT TO ACCOMPANY DESCRIPTION SCALE: r = 50' 2397 FOREST AVENUE PROPOSED PARCEL B DATE:_APML 1999 SAN JOSE, CA 96128 (408) 984-0331 JOB NO. 98044 PROPOSEDE)(HIBIT PARCEL C LEGAL DESCRIPTION All that certain real property situate in the City of Cupertino, County of Santa. Clara, State of California described as follows: Beginning at the northeasterly corner of Section 202 as shown on that certain Record Of Survey filed for record in Book 713 of Maps at page 43, Santa Clara County Records; thence along the northerly line of said Section 202 S 44°33'41" W 3.86 feet and N 89040'00" W 46.69 feet; thence leaving said northerly line S 01'11'09" W 94.14 feet to the northerly line of Mercedes Road as shown on said Map; thence along said northerly line of Mercedes Road S 83°24'35" E 70.91 to the northwesterly line of Cordova Road as shown on said Map; thence along said northwesterly line of Cordova Road N 44")3'41" E 76.57 feet; thence leaving said northwesterly line of Cordova Road N 55025'40" W 88.44 feet to the POINT OF BEGINNING. Said parcel of land containing 9,203 square feet, more or less. Prepared by: Marvin D. Kirkeby R.C.E No. 14001 Expires 3/31/2001 LOT AR Par el No. Exlstlnc A 17,238, 8 720 C 9.203 D 8.533 Proposed 10 000 S F ( NET EXHIBI 14,915 S 9 203 S.F. I J I - SCALP: r . ao' I • � o I N 89.40'00' W I 2101 / 100.68 I10.06 220 - F ARCEL A A . _ N 89.40'00' W 33.34 78J2 = r 200 EX. HOUSE I PARCEL D �" J 4 O L C 107,p2 � +N 83.23 MER�'EDE ��,,,,,,� PARCEL B z W 6Q.83 "I-cl 0 ; V � 28.00 46.69 �S• / N 89440'00' W \ 202 w PARCEL C a®t W �J O01 O EO �� Q p \ z 70.91 - ,o 2Ot n. " EXHIBIT A " KIRKEBY ENGINEERING 2397 FOREST AVENUE SAN JOSE, CA 95128 (408) 984-0331 PLAT TO ACCOMPANY DESCRIPTION SCALE: r - 50' PROPOSED PARCEL C DATE:_APRIL 1999 JOB NO. 98044 PROPOSED PARCEL "D" EXHIBIT A LEGAL DESCRIPTION All that certain real property situate in the City of Cupertino, County of Santa Clara, State of California described as follows: Beginning at the northwesterly corner of Section 200 as shown on that certain Record Of Survey filed for record in Book 713 of Maps at page 43, Santa Clara County Records; thence along the northerly line of said Section 200 S 89°40'00" E 75.12 feet to the southwesterly corner of Section 220 as shown on said Map; thence along the westerly line of said Section 220 NORTH 11.91 feet; thence leaving said westerly line S 87031'05" E 33.34 feet; thence S 01011'09" W 102.07 feet to the northerly line of Mercedes Road as shown on said Map; thence along said northerly line of Mercedes Road N 83°24'35" W 107.02 feet to the southwesterly corner of said Section 200; thence along the westerly line of said Section 200 NORTH 79.73 feet to the POINT OF BEGINNING. Said parcel of land containing 9,558 square feet, more or less. Prepared by: Marvin D. Kirkeby R.C.E No. 14001 Expires 3/31/2001 0 a 01 -< LLI m M Exp. 2/31/01 s�q� C I `J 1`- P�\� OF C 1• Par el No, Existing A 17 23& • 8 720 scALE, r . so 10 S F !NET) EXHIBIT A 14 915 915 S C 9 203 S F 9 203 S.F. ID 3 F ,I I - , 1 . I N 89'40'00' W .. I 211 J1 / too. 110.86 220 - k PARCEL A T�, am o N 89-40'00- W 77-77 1=1 --,\ \ 200. EX HOUSE i o PARCEL D — w o� \ \0 z EXHIBIT A " KIRKEBY ENGINEERI 2397 FOREST AVENU jSAN,JJOSjE, CA 95128 (408) 9 . ' " PARCEL B W �c. 60.83 i � • _ 33.83 � P8•00 46.69 JJ. N 89'40100- W ?J• 202 PARCEL C NG PLAT TO ACCOMPANY DESCRIPTION SCALE: r . 50' E PROPOSED PARCEL D DA7E: 84-0331 �L 1999 JOB NO. 98044 (\NORTH AMERICAN TITLE ■COMPANY December 14, 1998 VENTURE WEST PROPERTIES 85 SARATOGA AVE #103 SANTA CLARA, CALIFORNIA 95051 ATTN: BOB LEONG PROPERTY ADDRESS 10555 CORDOVA ROAD CUPERTINO, CALIFORNIA Preliminary Report DIRECT ALL INQUIRES TO: Escrow Officer: BETTY SORENSEN Telephone No. 408-973-9565 Our No.: 98141306 UPDATE #2 IN RESPONSE TO THE ABOVE REFERENCED APPLICATION FOR A POLICY OF TITLE INSURANCE, North American Title Company, Inc. HEREBY REPORTS THAT IT IS PREPARED TO ISSUE, OR CAUSE TO BE ISSUED, AS OF THE DATE HEREOF, A POLICY OR POLICIES OF TITLE INSURANCE, DESCRIBING THE LAND AND THE ESTATE OR INTEREST HEREINAFTER SET FORTH, INSURING AGAINST LOSS WHICH MAY BE SUSTAINED BY REASON OF ANY DEFECT, LIEN, OR ENCUMBRANCE NOT SHOWN OR REFERRED TO AS AN EXCEPTION BELOW OR NOT EXCLUDED FROM COVERAGE PURSUANT TO THE PRINTED SCHEDULES, CONDITIONS AND STIPULATIONS OF SAID POLICY FORMS. THE PRINTED EXCEPTIONS AND EXCLUSION FROM THE COVERAGE OF SAID POLICY OR POLICIES ARE SET FORTH ON THE ATTACHED COVER, COPIES OF THE POLICY FORMS SHOULD BE READ, THEY ARE AVAILABLE FROM THE OFFICE WHICH ISSUED THIS REPORT. PLEASE READ THE EXCEPTIONS SHOWN OR REFERRED TO BELOW AND THE EXCEPTIONS AND EXCLUSIONS SET FORTH IN EXHIBIT A OF THIS REPORT CAREFULLY. THE EXCEPTIONS AND EXCLUSIONS ARE MEANT TO PROVIDE YOU WITH NOTICE OF MATTERS WHICH ARE NOT COVERED UNDER THE TERMS OF THE TITLE INSURANCE POLICY AND SHOULD BE CAREFULLY CONSIDERED. IT IS IMPORTANT TO NOTE THAT THIS PRELIMINARY REPORT IS NOT A WRITTEN REPRESENTATION AS TO THE CONDITION OF TITLE AND MAY NOT LIST ALL LIENS, DEFECTS, AND ENCUMBRANCES AFFECTING TITLE TO THE LAND. THIS REPORT (AND ANY SUPPLEMENTS OR AMENDMENTS THERETO) IS ISSUED SOLELY FOR THE PURPOSE OF FACILITATING THE ISSUANCE OF A POLICY OF TITLE INSURANCE AND NO LIABILITY IS ASSUMED HEREBY. IF IT IS DESIRED THAT LIABILITY BE ASSUMED PRIOR TO THE ISSUANCE OF POLICY TITLE INSURANCE, A BINDER OR COMMITMENT SHOULD BE REQUESTED. Dated as of NOVEMBER 16, 1998 at 7:30 A.M. PAM THOMPSON Title Officer 10121 Miller Avenue, Suite #101 , Cupertino; California 95014, (408) 973-9565 Fax No. (408) 973-9568 The form of policy of title insurance contemplated by this report is: ALTA Loan Policy - Form 1 (10-17-92) and/or CLTA Standard Coverage Policy - 1990 The estate or interest in the land hereinafter described or referred to covered by this report is: A FEE Title to said estate or interest at the date hereof is vested in: DONALD H. DIEHL AND ALMA E. DIEHL, HIS WIFE AS JOINT TENANTS Page 2 of 7 (l,A.- , TT, — n EXHIM-oll, E-3 1 Description: The land referred to herein is situated in the State of California, County of SANTA CLARA, CITY OF CUPERTINO, and is described as follows: PARCEL ONE: SECTION 201 AS LAID DOWN, DESIGNATED AND DELINEATED UPON THAT CERTAIN MAP ENTITLED, "MAP OF INSPIRATION HEIGHTS, MONTE VISTA", SHOWING SECTIONS NOS. 1 TO 222, INCLUSIVE, WHICH MAP WAS FILED FOR RECORD IN THE OFFICE OF THE RECORDER OF THE COUNTY OF SANTA CLARA, STATE OF CALIFORNIA ON APRIL 11, 1917 IN BOOK "P" OF MAPS, PAGE 13. PARCEL TWO: SECTION 202 AS LAID DOWN, DESIGNATED AND DELINEATED UPON THAT CERTAIN MAP ENTITLED, "MAP OF INSPIRATION HEIGHTS, MONTE VISTA", SHOWING SECTIONS NOS. 1 TO 222, INCLUSIVE, WHICH MAP WAS FILED FOR RECORD IN THE OFFICE OF THE RECORDER OF THE COUNTY OF SANTA CLARA, STATE OF CALIFORNIA ON APRIL 1 1, 1917 IN BOOK "P" OF MAPS, PAGE 13. PARCEL THREE: SECTION 203 AS LAID DOWN, DESIGNATED AND DELINEATED UPON THAT CERTAIN MAP ENTITLED, "MAP OF INSPIRATION HEIGHTS, MONTE VISTA", SHOWING SECTIONS NOS. 1 TO 222, INCLUSIVE, WHICH MAP WAS FILED FOR RECORD IN THE OFFICE OF THE RECORDER OF THE COUNTY OF SANTA CLARA, STATE OF CALIFORNIA ON APRIL 11, 1917 IN BOOK "P" OF MAPS, PAGE 13. PARCEL FOUR: SECTION 220 AS LAID DOWN, DESIGNATED AND DELINEATED UPON THAT CERTAIN MAP ENTITLED, "MAP OF INSPIRATION HEIGHTS, MONTE VISTA", SHOWING SECTIONS NOS. 1 TO 222, INCLUSIVE, WHICH MAP WAS FILED FOR RECORD IN THE OFFICE OF THE RECORDER OF THE COUNTY OF SANTA CLARA, STATE OF CALIFORNIA ON APRIL 11, 1917 IN BOOK "P" OF MAPS, PAGE 13. ASSESSOR'S PARCEL NO.: 342-44-010 Page 3 of 7 Order No. 98141306 EXHID,17, 9 At the date hereof exceptions to coverage in addition to the printed exceptions and exclusions contained in said policy form would be as follows: 1 . General and special property taxes, and any assessments collected with taxes, including utility assessments, for the fiscal year 1998/1 999. Total Amount: $1,546.14 First Installment: $773.07 PAID Second Installment: $773.07 OPEN Land: $44,265.00 Improvements: $73,784.00 Exemption: $7,000.00 Code Area: 13-089 Parcel No.: 342-44-010 2. The lien of supplemental taxes, if any, assessed pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State of California. 3. A deed of trust to secure an indebtedness in the amount shown below and any other obligations secured thereby: Amount: $127,200.00 Dated: FEBRUARY 13, 1998 Trustor: DONALD H. DIEHL AND AWA E. DIEHL, HUSBAND AND WIFE Trustee: COMMONWEALTH LAND TITLE COMPANY Beneficiary: NEW AMERICA FINANCIAL, INC. Recorded: FEBRUARY 24, 1998 Instrument No.: 14067717 Loan No.: 7273469 Beneficiary Mailing Address: 3131 TURTLE CREEK BLVD. #1300, DALLAS, TX 75219 Page 4 of 7 Order No. 98141306 0 A deed of trust to secure an indebtedness in the amount shown below and any other obligations secured thereby: Amount: $75,000.00 Dated: MAY 15, 1998 Trustor: DONALD H. DIEHL AND ALMA E. DIEHL, HIS WIFE AS JOINT TENANTS Trustee: FIRST AMERICAN TITLE INSURANCE COMPANY Beneficiary: CHASE MANHATTAN BANK USA, N.A., A UNITED STATES CORPORATION Recorded: MAY 27, 1998 Instrument No.: 14202118 Loan No.: 8400460245 Beneficiary Mailing Address: 2400 MAITLAND CTR PKWY, #210, MAITLAND, FL 32751 END OF EXCEPTIONS Page 5 of 7 Order No. 98141306 E HB111 B INFORMATIONAL NOTES: Our ALTA Loan Policy, when issued, will contain Endorsement Nos. 100 and 1 16/116.2. There is located on said land a single family residence known as 10555 CORDOVA ROAD, CUPERTINO, CALIFORNIA. There are no conveyances affecting said land recorded within 24 months of the date of this report. This charge for a policy of title insurance, if issued through this title order, will be based on the short term rate. 9/18/98 DR CC: KIRKEBY ENGINEERING MARV KIRKEBY 12/3/98 (UDPATE) WH 12/14/98 (UPDATE #2)-.WH Page 6 of 7 Order No. 98141306 GOOD FUNDS LAW CALIFORNIA ASSEMBLY BILL 512 ("AB512") IS EFFECTIVE ON JANUARY 1, 1990. UNDER AB,512, NORTH AMERICAN TITLE COMPANY, INC. ("NORTH AMERICAN TITLE COMPANY, INC.") MAY ONLY MAKE FUNDS AVAILABLE FOR MONETARY DISPERSAL IN ACCORDANCE WITH THE FOLLOWING RULES: * SAME DAY AVAILABILITY - DISBURSEMENT ON THE DATE OF DEPOSIT IS ALLOWED ONLY WHEN FUNDS ARE DEPOSITED TO NORTH AMERICAN TITLE COMPANY ("NORTH AMERICAN TITLE COMPANY, INC.") IN CASH OR BY ELECTRONIC TRANSFER (WIRE). BEAR IN MIND THAT CASH WILL BE ACCEPTED FROM CUSTOMERS ONLY UNDER SPECIAL CIRCUMSTANCES AS INDIVIDUALLY APPROVED BY MANAGEMENT. * NEXT DAY AVAILABILITY - IF FUNDS ARE DEPOSITED TO NORTH AMERICAN TITLE COMPANY, INC. BY CASHIER'S CHECKS, CERTIFIED CHECKS, OR TELLER'S CHECKS, DISBURSEMENT MAY BE ON THE NEXT BUSINESS DAY FOLLOWING DEPOSIT. A "TELLER'S CHECK" IS ONE DRAWN BY AN INSURED FINANCIAL INSTITUTION AGAINST ANOTHER INSURED FINANCIAL INSTITUTION (E.G., A SAVINGS AND LOAN FUNDING WITH A CHECK AGAINST A FDIC INSURED BANK). * 2-5 DAY AVAILABILITY (REGULATION CC). IF THE DEPOSIT IS MADE BY CHECKS OTHER THAN THOSE DESCRIBED IN PARAGRAPHS 1 AND 2 ABOVE, DISBURSEMENT MAY OCCUR ON THE DAY WHEN FUNDS MUST BE MADE AVAILABLE TO DEPOSITORS UNDER FEDERAL RESERVE REGULATION CC. THIS REQUIRES A "HOLD" ON SOME CHECKS OF 2-5 DAYS OR LONGER IN SOME INSTANCES. PERSONAL CHECKS, DRAFTS, PRIVATE CORPORATION AND COMPANY CHECKS, AND FUNDING CHECKS FROM MORTGAGE COMPANIES THAT ARE NOT TELLER'S CHECKS ARE AMONG THOSE CHECKS SUBJECT TO SUCH HOLDS. (FOR FURTHER DETAILS, CONSULT CHAPTER 598, STATUTES OF 1989.) NOTE: THE ABOVE GUIDELINES ARE IN CONFORMITY WITH THOSE ISSUED BY THE DEPARTMENT OF INSURANCE FOR ALL CALIFORNIA TITLE INSURANCE AND CALIFORNIA TITLE COMPANIES. PRELIMINARY CHANGE OF OWNERSHIP REPORT NOTE: ON OR AFTER JULY 1, 1985, THE COUNTY RECORDER'S OFFICE WILL CHARGE, IN ADDITION TO THE REGULAR CHARGES, AN EXTRA 3'70.00 RECORDING FEE, UNLESS A DOCUMENT EVIDENCING A CHANGE OF OWNERSHIP IS ACCOMPANIED BY A PRELIMINARY CHANGE OF OWNERSHIP REPORT. IN LIEU OF SAID REPORT, SIGNED BY THE TRANSFEREE, 7HE RECORDER WILL ACCEPT AN AFFIDAVIT THAT THE TRANSFEREE IS NOT A RESIDENT OF CALIFORNIA. TITLE BILLINGS WILL BE ADJUSTED TO REFLECT SUCH ADDITIONAL FEES WHEN APPLICABLE. IRS FORM 1099 BEFORE THE TRANSACTION CONTEMPLATED BY THIS REPORT CAN BE CLOSED, THE SELLER/BORROWER MUST FURNISH A TAXPAYER IDENTIFICATION NUMBER TO US SO THAT WE CAN FILE AN IRS FORM 1099, OR ITS EQUIVALENT, WITH THE INTERNAL REVENUE SERVICE. THIS PROCEDURE IS REQUIRED BY SECTION 6045 OF THE INTERNAL REVENUE SERVICE. NOTICE OF A WITHHOLDING REQUIREMENT THIS IS A NOTICE OF A WITHHOLDING REQUIREMENT (CALIFORNIA REVENUE AND TAXATION CODE SECTIONS 18862) ON SALES OF REAL PROPERTY. IN ACCORDANCE WITH SECTION 18662 OF THE REVENUE AND TAXATION CODE, A BUYER MAY BE REQUIRED TO WITHHOLD AN AMOUNT EQUAL TO 3 1/3 PERCENT OF THE SALES PRICE, IN THE CASE OF A DISPOSITION OF CALIFORNIA REAL PROPERTY INTEREST BY EITHER: * A SELLER WHO IS AN INDIVIDUAL WITH A LAST KNOWN STREET ADDRESS OUTSIDE OF CALIFORNIA OR WHEN THE DISBURSEMENT INSTRUCTIONS AUTHORIZE THE PROCEEDS BE SENT TO A FINANCIAL INTERMEDIARY OF THE SELLER, OR ' A CORPORATE SELLER WHICH HAS NO PERMANENT PLACE OF BUSINESS IN CALIFORNIA, OR FOR FAILURE TO WITHHOLD, THE BUYER MAY BECOME SUBJECT TO A PENALTY IN AN AMOUNT EQUAL TO THE GREATER OF 10 PERCENT OF THE AMOUNT REQUIRED TO BE WITHHELD OR FIVE HUNDRED DOLLARS ($500). HOWEVER, NOTWITHSTANDING ANY OTHER PROVISION INCLUDED IN THE CALIFORNIA STATUTES REFERENCED ABOVE, NO BUYER WILL BE REQUIRED TO WITHHOLD ANY AMOUNT OR BE SUBJECT TO PENALTY FOR FAILURE TO WITHHOLD IF: THE SALES PRICE OF THE CALIFORNIA REAL PROPERTY CONVEYED DOES NOT EXCEED ONE HUNDRED THOUSAND DOLLARS ($100,000), OR * THE SELLER EXECUTES A WRITTEN CERTIFICATE, UNDER PENALTY OF PERJURY, CERTIFYING THAT THE SELLER IS A RESIDENT OF CALIFORNIA, OR IF A CORPORATION, HAS A PERMANENT PLACE OF BUSINESS IN CALIFORNIA OR ' THE SELLER, WHO IS AN INDIVIDUAL, EXECUTES A WRITTEN CERTIFICATE, UNDER PENALTY OF PERJURY, THAT THE CALIFORNIA REAL PROPERTY BEING CONVEYED IS THE SELLER'S PRINCIPAL RESIDENCE (AS DEFINED IN SECTION 1034 OF THE INTERNAL REVENUE CODE). THE SELLER IS SUBJECT TO PENALTY FOR KNOWINGLY FILING A FRAUDULENT CERTIFICATE FOR THE PURPOSE OF AVOIDING THE WITHHOLDING REQUIREMENT. THE CALIFORNIA STATUES REFERENCED ABOVE INCLUDE PROVISIONS WHICH AUTHORIZE THE FRANCHISE TAX BOARD TO GRANT REDUCED WITHHOLDING AND WAIVERS FROM WITHHOLDING ON A CASE -BY -CASE BASIS. IN THE EVENT THE BUYER REQUIRES WITHHOLDING OF THE 3 113 PERCENT OF SALES PRICE FROM THE SELLERS PROCEEDS, THE BUYER IS REQUIRED TO FILE A COPY OF FORM FT8597 WITH THE FRANCHISE TAX BOARD ALONG WITH THE WITHHOLDING AMOUNT DUE NO LATER THAN THE 20TH DAY OF THE MONTH FOLLOWING THE MONTH IN WHICH THE WITHHOLDING OCCURRED, UNLESS THE SELLER HAS REQUESTED A WAIVER. IF THE SELLER HAS REQUESTED A WAIVER, THE FRANCHISE TAX BOARD, WITHIN 45 DAYS, WILL EITHER AUTHORIZE.A REDUCED AMOUNT, OR NO AMOUNT, OR DENY THE REQUEST, AT WHICH TIME THE AMOUNT WITHHELD ALONG WITH COPY A OF FORM FTB 597 MUST BE SENT TO THE FRANCHISE TAX BOARD, AT THE FOLLOWING ADDRESS: FRANCHISE TAX BOARD WITHHOLDING AT SOURCE UNIT, P.O. BOX 651, SACRAMENTO, CALIFORNIA 95812-0651 (916) 845-4900. Page 7 of 7 Order No. 98141306 C < U 4 O �I O \ — —�—a�i • vIonl-viNVs— o N \q _j CL rr N I co•zz..\• N � „z•I O t .aa •a � m� �c 000M-AOOl ♦ N 3 o �• O. F N Q Q .•`, o i N ,\ as � � �,� ----- 1 aN o �. � I I_ x vl�Ily �S �I N i- _m DIY No V I N l N W I V,Toi fV I b d.] ti ll 1 � I if --I-- {01-- ItiO e Q M - Q 0 \I o d Q I N I N �I N OC _ ioi — i -- poi—r'—vzvrz~ tO N I o N I� N �r N g orro Lp- v �n ��•a a � dn3 �-c�ld ��— ', h N t'i R y b O �1`n 24 O p Q N �O O J 0- J O j W� � C NORTH AMERICAN iTITLE nn COM PAN October 28, 1998 VENTURE WEST PROPERTIES 85 SARATOGA AVENUE #103 SANTA CLARA, CALIFORNIA 95051 ATTN: BOB LEONG PROPERTY ADDRESS 22766 ALCALDE ROAD CUPERTINO, CALIFORNIA Preliminary Report 4 101 EXr, DIRECT ALL INQUIRES TO: Escrow Officer: Telephone No. Our No.: 2200660 IN RESPONSE TO THE ABOVE REFERENCED APPLICATION FOR A POLICY OF TITLE INSURANCE, North American Title Company, Inc. HEREBY REPORTS THAT IT IS PREPARED TO ISSUE, OR CAUSE TO BE ISSUED, AS OF THE DATE HEREOF, A POLICY OR POLICIES OF TITLE INSURANCE, DESCRIBING THE LAND AND THE ESTATE OR INTEREST HEREINAFTER SET FORTH, INSURING AGAINST LOSS WHICH MAY BE SUSTAINED BY REASON OF ANY DEFECT, LIEN, OR ENCUMBRANCE NOT SHOWN OR REFERRED TO AS AN EXCEPTION BELOW OR NOT EXCLUDED FROM COVERAGE PURSUANT TO THE PRINTED SCHEDULES, CONDITIONS AND STIPULATIONS OF SAID POLICY FORMS. THE PRINTED EXCEPTIONS AND EXCLUSION FROM THE COVERAGE OF SAID POLICY OR POLICIES ARE SET FORTH ON THE ATTACHED COVER, COPIES OF THE POLICY FORMS SHOULD BE READ, THEY ARE AVAILABLE FROM THE OFFICE WHICH ISSUED THIS REPORT. PLEASE READ THE EXCEPTIONS SHOWN OR REFERRED TO BELOW AND THE EXCEPTIONS AND EXCLUSIONS SET FORTH IN EXHIBIT A OF THIS REPORT CAREFULLY. THE EXCEPTIONS AND EXCLUSIONS ARE MEANT TO PROVIDE YOU WITH NOTICE OF MATTERS WHICH ARE NOT COVERED UNDER THE TERMS OF THE TITLE INSURANCE POLICY AND SHOULD BE CAREFULLY CONSIDERED. IT IS IMPORTANT TO NOTE THAT THIS PRELIMINARY REPORT IS NOT A WRITTEN REPRESENTATION AS TO THE CONDITION OF TITLE AND MAY NOT LIST ALL LIENS, DEFECTS, AND ENCUMBRANCES AFFECTING TITLE TO THE LAND. THIS REPORT (AND ANY SUPPLEMENTS OR AMENDMENTS THERETO) IS ISSUED SOLELY FOR THE PURPOSE OF FACILITATING THE ISSUANCE OF A POLICY OF TITLE INSURANCE AND NO LIABILITY IS ASSUMED HEREBY. IF IT IS DESIRED THAT LIABILITY BE ASSUMED PRIOR TO THE ISSUANCE OF POLICY TITLE INSURANCE, A BINDER OR COMMITMENT SHOULD BE REQUESTED. Dated as of SEPTEMBER 24, 1998 at 7:30 A.M. PHIL KESSLER Title Officer 2001 GATEWAY PLACE, SUITE 220 WEST, SAN JOSE, CA 951 10 PHONE (408)-453-0300- FAX (408)-453-7654 The form of policy of title insurance contemplated by this report is: ALTA Loan Policy - Form 1 (10-17-92) and/or CLTA Standard Coverage Policy - 1990 The estate or interest in the land hereinafter described or referred to covered by this report is: A FEE Title to said estate or interest at the date hereof is vested in: RICHARD GRACIA, SR. AND NELLIE GRACIA, BY DEVISE, AS TO AN UNDIVIDED 1 /2 INTEREST EACH, AS TO PARCEL ONE; DONALD DIEHL AND ALMA DIEHL, WHO ACQUIRED TITLE AS DONALD AND ALMA DIEHL, EACH AS TO AN UNDIVIDED 1 /2 INTEREST, AS TO PARCEL TWO Page 2 of 6 Order No. 2200660 EXHIBY"I s' Description: The land referred to herein is situated in the State of California, County of SANTA CLARA, CITY OF CUPERTINO, and is described as follows: PARCEL ONE: LOT TWO HUNDRED (200) AS LAID DOWN, DESIGNATED AND DELINEATED UPON THAT CERTAIN MAP ENTITLED, "MAP OF INSPIRATION HEIGHTS, MONTA VISTA", SHOWING SECTIONS NOS. 1 TO 222, INCLUSIVE, WHICH MAP WAS FILED FOR RECORD IN THE OFFICE OF THE RECORDER OF THE COUNTY OF SANTA CLARA, STATE OF CALIFORNIA ON APRIL 11, 1917 IN BOOK "P" OF MAPS, PAGE 13. SAVING AND EXCEPTING THEREFROM THE EASTERLY 25 FEET OF SAID LOT 200, AND WHICH IS MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEASTERLY CORNER OF SAID LOT 200 IN THE CENTER LINE OF MERCEDES ROAD AND RUNNING THENCE NORTH ALONG THE EAST LINE OF LOT 200, 100 FEET, MORE OR LESS, TO THE NORTHEAST CORNER THEREOF; THENCE WEST ALONG THE NORTH LINE OF SAID LOT 200, 25 FEET; THENCE SOUTH AND PARALLEL WITH THE EAST LINE OF LOT 200, 100 FEET, MORE OR LESS, TO THE SOUTHERLY LINE OF LOT 200 IN THE CENTER LINE OF MERCEDES ROAD; RUNNING SOUTHEASTERLY AND ALONG SAID LAST NAMED LINE 25 FEET, MORE OR LESS, TO THE POINT OF BEGINNING. PARCEL TWO: BEGINNING AT THE SOUTHEASTERLY CORNER OF SECTION 200 IN THE CENTER LINE OF MERCEDES ROAD, AND RUNNING THENCE NORTH AND ALONG THE EAST LINE OF SAID SECTION 200, 100 FEET, MORE OR LESS, TO THE NORTHEAST CORNER THEREOF; THENCE WEST ALONG THE NORTH LINE OF SAID SECTION 200, 25 FEET; THENCE SOUTH AND PARALLEL WITH THE EAST LINE OF SAID SECTION 200, 100 FEET, MORE OR LESS, TO THE SOUTHERLY LINE OF SECTION 200 IN THE CENTER LINE OF MERCEDES ROAD; RUNNING THENCE SOUTHEASTERLY AND ALONG SAID LAST NAMED LINE 25 FEET, MORE OR LESS, TO THE POINT OF BEGINNING, AND BEING THE EASTERLY 25 FEET OF SECTION 200 AS LAID DOWN, DESIGNATED AND DELINEATED UPON THAT CERTAIN MAP ENTITLED, "MAP OF THE INSPIRATION HEIGHTS, MONTA VISTA", SHOWING SECTIONS NOS. 1 TO 222, INCLUSIVE WHICH MAP WAS FILED FOR RECORD IN THE OFFICE OF THE RECORDER OF THE COUNTY OF SANTA CLARA, STATE OF CALIFORNIA ON APRIL 1 1 , 1917 IN BOOK "P" OF MAPS PAGE 13. ASSESSOR'S PARCEL NO.: 342-44-011 Page 3 of 6 Order No. 2200660 EX I B 11 At the date hereof exceptions to coverage in addition to the printed exceptions and exclusions contained in said policy form would be as follows: 1 . General and special property taxes, and any assessments collected with taxes, including utility assessments, for the fiscal year 1998/1999. Total Amount: First Installment: Second Installment: Land: Improvements: Code Area: Parcel No.: $844.60 $422.30 NOT YET DUE & PAYABLE $422.30 NOT YET DUE & PAYABLE $23,574.00 $23,574.00 13-089 342-44-01 1 2. The lien of supplemental taxes, if any, assessed pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State of California.__- 3. Rights of the public, county and/or city in that portion lying within the street as it now exists: MERCEDES ROAD. END OF EXCEPTIONS Page 4 of 6 Order No. 2200660 t EXH INFORMATIONAL NOTES: Our ALTA Loan Policy, when issued, will contain Endorsement Nos. 100 and 1 16/1 1 6.2. There are no conveyances affecting said land recorded within 24 months of the date of this report. This charge for a policy of title insurance, if issued through this title order, will be based on the basic insurance rate. 10/28/98 WH CC: KIRKEBY ENGINEERING Page 5 of 6 Order No. 2200660 EXHIBIl B I GOOD FUNDS LAW CALIFORNIA ASSEMBLY BILL 512 ("AB512") IS EFFECTIVE ON JANUARY 1, 1990. UNDER AB512, NORTH AMERICAN TITLE COMPANY, INC. ("NORTH AMERICAN TITLE COMPANY, INC.") MAY ONLY MAKE FUNDS AVAILABLE FOR MONETARY DISPERSAL IN ACCORDANCE WITH THE FOLLOWING RULES: * SAME DAY AVAILABILITY - DISBURSEMENT ON THE DATE OF DEPOSIT IS ALLOWED ONLY WHEN FUNDS ARE DEPOSITED TO NORTH AMERICAN TITLE COMPANY ("NORTH AMERICAN TITLE COMPANY, INC.") IN CASH OR BY ELECTRONIC TRANSFER (WIRE). BEAR IN MIND THAT CASH WILL BE ACCEPTED FROM CUSTOMERS ONLY UNDER SPECIAL CIRCUMSTANCES AS INDIVIDUALLY APPROVED BY MANAGEMENT. * NEXT DAY AVAILABILITY - IF FUNDS ARE DEPOSITED TO NORTH AMERICAN TITLE COMPANY, INC. BY CASHIER'S CHECKS, CERTIFIED CHECKS, OR TELLER'S CHECKS, DISBURSEMENT MAY BE ON THE NEXT BUSINESS DAY FOLLOWING DEPOSIT. A "TELLER'S CHECK" IS ONE DRAWN BY AN INSURED FINANCIAL INSTITUTION AGAINST ANOTHER INSURED FINANCIAL INSTITUTION (E.G., A SAVINGS AND LOAN FUNDING WITH A CHECK AGAINST A FDIC INSURED BANK). * 2-5 DAY AVAILABILITY (REGULATION CC). IF THE DEPOSIT IS MADE BY CHECKS OTHER THAN THOSE DESCRIBED IN PARAGRAPHS 1 AND 2 ABOVE, DISBURSEMENT MAY OCCUR ON THE DAY WHEN FUNDS MUST BE MADE AVAILABLE TO DEPOSITORS UNDER FEDERAL RESERVE REGULATION CC. THIS REQUIRES A "HOLD" ON SOME CHECKS OF 2-5 DAYS OR LONGER IN SOME INSTANCES. PERSONAL CHECKS, DRAFTS, PRIVATE CORPORATION AND COMPANY CHECKS, AND FUNDING CHECKS FROM MORTGAGE COMPANIES THAT ARE NOT TELLER'S CHECKS ARE AMONG THOSE CHECKS SUBJECT TO SUCH HOLDS. (FOR FURTHER DETAILS, CONSULT CHAPTER 598, STATUTES OF 1989.) NOTE: THE ABOVE GUIDELINES ARE IN CONFORMITY WITH THOSE ISSUED BY THE DEPARTMENT OF INSURANCE FOR ALL CALIFORNIA TITLE INSURANCE AND CALIFORNIA TITLE COMPANIES. PRELIMINARY CHANGE OF OWNERSHIP REPORT NOTE: ON OR AFTER JULY 1, 19.85, THE COUNTY RECORDER'S OFFICE WILL CHARGE, IN ADDITION TO THE REGULAR CHARGES, AN EXTRA $20.00 RECORDING FEE, UNLESS A DOCUMENT EVIDENCING A CHANGE OF OWNERSHIP IS ACCOMPANIED BY A PRELIMINARY CHANGE OF OWNERSHIP REPORT. IN LIEU OF SAID REPORT, SIGNED BY THE TRANSFEREE, THE RECORDER WILL ACCEPT AN AFFIDAVIT THAT THE TRANSFEREE IS NOT A RESIDENT OF CALIFORNIA. TITLE BILLINGS WILL BE ADJUSTED TO REFLECT SUCH ADDITIONAL FEES WHEN APPLICABLE. IRS FORM 1099 BEFORE THE TRANSACTION CONTEMPLATED BY THIS REPORT CAN BE CLOSED, THE SELLER/BORROWER MUST FURNISH A TAXPAYER IDENTIFICATION NUMBER TO US SO THAT WE CAN FILE AN IRS FORM 1099, OR ITS EQUIVALENT, WITH THE INTERNAL REVENUE SERVICE. THIS PROCEDURE IS REQUIRED BY SECTION 6045 OF THE INTERNAL REVENUE SERVICE. NOTICE OF A WITHHOLDING REQUIREMENT THIS IS A NOTICE OF A WITHHOLDING REQUIREMENT (CALIFORNIA REVENUE AND TAXATION CODE SECTIONS 18862) ON SALES OF REAL PROPERTY. IN ACCORDANCE WITH SECTION 18662 OF THE REVENUE AND TAXATION CODE, A BUYER MAY BE REQUIRED TO WITHHOLD AN AMOUNT EQUAL TO 3 1/3 PERCENT OF THE SALES PRICE, IN THE CASE OF A DISPOSITION OF CALIFORNIA REAL PROPERTY INTEREST BY EITHER: A SELLER WHO IS AN INDIVIDUAL WITH A LAST KNOWN STREET ADDRESS OUTSIDE OF CALIFORNIA OR WHEN THE DISBURSEMENT INSTRUCTIONS AUTHORIZE THE PROCEEDS BE SENT TO A FINANCIAL INTERMEDIARY OF THE SELLER, OR * A CORPORATE SELLER WHICH HAS NO PERMANENT PLACE OF BUSINESS IN CALIFORNIA, OR FOR FAILURE TO WITHHOLD, THE BUYER MAY BECOME SUBJECT TO A PENALTY IN AN AMOUNT EQUAL TO THE GREATER OF 10 PERCENT OF THE AMOUNT REQUIRED TO BE WITHHELD OR FIVE HUNDRED DOLLARS ($500). HOWEVER, NOTWITHSTANDING ANY OTHER PROVISION INCLUDED IN THE CALIFORNIA STATUTES REFERENCED ABOVE, NO BUYER WILL BE REQUIRED TO WITHHOLD ANY AMOUNT OR BE SUBJECT TO PENALTY FOR FAILURE TO WITHHOLD IF: * THE SALES PRICE OF THE CALIFORNIA REAL PROPERTY CONVEYED DOES NOT EXCEED ONE HUNDRED THOUSAND DOLLARS ($100,000), OR THE SELLER EXECUTES A WRITTEN CERTIFICATE, UNDER PENALTY OF PERJURY, CERTIFYING THAT THE SELLER IS A RESIDENT OF CALIFORNIA, OR IF A CORPORATION, HAS A PERMANENT PLACE OF BUSINESS IN CALIFORNIA OR THE SELLER, WHO IS AN INDIVIDUAL, EXECUTES A WRITTEN CERTIFICATE, UNDER PENALTY OF PERJURY, THAT THE CALIFORNIA REAL PROPERTY BEING CONVEYED IS THE SELLER'S PRINCIPAL RESIDENCE (AS DEFINED IN SECTION 1034 OF THE INTERNAL REVENUE CODE). THE SELLER IS SUBJECT TO PENALTY FOR KNOWINGLY FILING A FRAUDULENT CERTIFICATE FOR THE PURPOSE OF AVOIDING THE WITHHOLDING REQUIREMENT. THE CALIFORNIA STATUES REFERENCED ABOVE INCLUDE PROVISIONS WHICH AUTHORIZE THE FRANCHISE TAX BOARD TO GRANT REDUCED WITHHOLDING AND WAIVERS FROM WITHHOLDING ON A CASE -BY -CASE BASIS. IN THE EVENT THE BUYER REQUIRES WITHHOLDING OF THE 3 1/3 PERCENT OF SALES PRICE FROM THE SELLERS PROCEEDS, THE BUYER IS REQUIRED TO FILE A COPY OF FORM FTB597 WITH THE FRANCHISE TAX BOARD ALONG WITH THE WITHHOLDING AMOUNT DUE NO LATER THAN THE 20TH DAY OF THE MONTH FOLLOWING THE MONTH IN WHICH THE WITHHOLDING OCCURRED, UNLESS THE SELLER HAS REQUESTED A WAIVER. IF THE SELLER HAS REQUESTED A WAIVER, THE FRANCHISE TAX BOARD, WITHIN 45 DAYS, WILL EITHER AUTHORIZE A REDUCED AMOUNT, OR NO AMOUNT, OR DENY THE REQUEST, AT WHICH TIME THE AMOUNT WITHHELD ALONG WITH COPY A OF FORM FTB 597 MUST BE SENT TO THE FRANCHISE TAX BOARD, AT THE FOLLOWING ADDRESS: FRANCHISE TAX BOARD WITHHOLDING AT SOURCE UNIT, P.O. BOX 651, SACRAMENTO, CALIFORNIA 95812-0651 (916) 845-4900. 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