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C-7307-13 - Beacon Bay, 54 - Lease 2008
LEASE THIS LEASE is made and entered into as of the 14 rv`day ofrI �� , 2008, by and between the CITY OF NEWPORT BEACH, a Charter Cit and municipal corporation "L�ssor" and Ardeen DuBow, Trustee of Y p P � ), the Steve and Ardeen DuBow Marital Trust #1, U/A dated 7/19/1999, ("Lessee"), regarding the real property commonly referred to as Beacon Bay Lot 54. RECITALS A. The City of Newport Beach, by virtue of a 1978 legislative grant found in Chapter 74 of the Statutes of 1978 (the "Beacon Bay Bill"), holds the right, title and interest to certain tidelands and uplands commonly known as Beacon Bay and generally described in Exhibit A attached hereto and incorporated by reference. B. The Beacon Bay Bill frees the "Westerly portion" of the filled tidelands from the public trust and specifically authorizes the lease of the property for residential purposes subject to certain express statutory conditions. C. Beacon Bay, including the "Westerly Portion" thereof, has been divided into individual lots, with each lot leased by the City for residential purposes until December 31, 2005. D. On November 3, 1987, a majority of electors of the City approved a measure which authorized the City Council to enter into new leases of residential lots in Beacon Bay for a period not to exceed fifty (50) years. E. On November 3, 1992, a majority of electors of the City approved Measure M which authorized the City Council to lease tidelands and waterfront property consistent with the provisions of state law. F. The City Council, pursuant to the authority conferred by the electors, entered into negotiations with current lessees and the parties have agreed on the terms and conditions of a new lease with a fifty (50) year term, provision for adjustments in lease payments to reflect changes in the value of Beacon Bay leaseholds, and a recalculation of lease payments in the event of a transfer of the Lease by the Current Lessee or any Subsequent Lessee (as defined herein). G. Lessee acknowledges that the terms and conditions of this Lease may result in Lessee paying substantially more or less than another Lessee for similar property depending upon the date this Lease is executed, the date of any subsequent transfer, and the consideration paid for transfers of similarly situated property. H. Lessee acknowledges that accurate and complete reporting to the City of all consideration paid for the transfer of this Lease is vitally important to the City in that failure to fully report all consideration could materially reduce the amount of rent received by the City from other Beacon Bay Lessees. I. Lessor and Lessee acknowledge that the City has agreed to a fifty (50) year term and limited lease payment increases in consideration of provisions which require payment of rent approximating fair market rental value, without regard to any advantage maintained by Current Lessees, upon transfer by Current Lessees and payment of deferred rent in the event the Lease is not signed on or before the Effective Date (as defined herein). J. The California State Lands Commission has reviewed the form of this Lease and determined that it is in conformance with the provisions of relevant statutes, rules and regulations, including, without limitation, the Beacon Bay Bill. K. Lessor has determined that this Lease is consistent with provisions of the Beacon Bay Bill, the Charter, General Plan and Zoning Ordinance of the City of Newport Beach, and of all other applicable state and local laws. N6 1 -1 8737l.V205/24/94 L. Lessor has determined it is in the best interests of the citizens of Newport Beach to maintain the residential character of Beacon Bay and to enter into new leases with Current Lessees under the terms and conditions specified in -his agreement. NOW, THEREFORE, in consideration of the foregoing recitals and the covenants in this lease, the parties agree as follows: LEASED LAND. Lessor hereby leases to Lessee the real property commonly known as Beacon Bay Lot 54 (the "Leased Land"), which is more particularly described in Exhibit B, and generally depicted on Exhibit A, each attached hereto and incorporated by reference, subject to the limitations on use specified in Section 6. As used in this Lease, the term "Premises" shall refer to the Leased Land and any improvements constructed thereon. Lessor expressly reserves all oil, oil rights, gas, minerals, mineral rights, natural gas rights and other hydrocarbon substances in and under the Leased Land and the right to grant and transfer the same, together with all necessary and convenient rights to explore for, develop, produce and extract and take the same, subject to the express limitation that any and all operations for the exploration, development, production, extraction and taking of any such substance shall be carried on at levels below the depth of five hundred feet (500') from the surface of the land by means of wells, derricks and other equipment from surface locations on adjoining or neighboring land, and subject further to all restrictions and regulations concerning the drilling for, and production of, oil, gas, minerals, petroleum and other hydrocarbon substances specified in the Newport Beach City Charter or the Newport Beach Municipal Code. 2. TERM. The term of this Lease shall commence on the Execution Date, but in no event prior to the Effective Date, and shall expire on the date fifty (50) years following the Effective Date, unless earlier terminated as provided in this Lease. RENTAL. A. Definitions. For the purposes of this Lease, the following terms shall be defined as specified in this paragraph. In certain cases, the definition of the term contains operative language that affects the rights of the parties: (1) "Actual Sales Value" shall mean the total of all consideration paid for the non-exempt transfer of this Lease or the Pre-existing Lease, including the improvements on the Leased Land, from the Current Lessee, or Subsequent Lessee, to another person, excluding any consideration paid for the transfer of personal property in connection with such transaction. (2) "Average Actual Sales Value Rent" shall mean two and one-half percent (2.5 %) of the mean of the Actual Sales Value of the non-exempt transfer of a similarly situated (waterfront or interior) Beacon Bay parcels as specified in this subparagraph. Average Actual Sales Value Rent shall be the mean of the Actual Sales Value of the three similarly situated parcels most recently transferred. Exempt transfers, as defined in Paragraph 3.B(3), shall not be used to calculate Average Actual Sales Value rent. (3) "CPI" shall mean the Consumer Price Index - Los Angeles -Anaheim -Riverside Area, All Urban Consumers, All Items, published by the United States Department of Labor, Bureau of Labor Statistics (1982-1984=100). If the 1982-1984 base of said Consumer Price Index should hereafter be changed, then the new base shall be converted to the 1982-1984 base and the base as so converted shall be used. In the event that the Consumer Price Index, as now compiled and published, shall cease to be published, then the successor index shall be used provided that an appropriate conversion from the old index to the new index can feasibly be made. If such conversion cannot be made, or if no such index is published, then another index most nearly comparable thereto recognized as authoritative shall be substituted by agreement. CL� r sn, L...SS ..e _, rte 7�.'... ei Com. ^n,e-exic' c i ecce. DefarrEd r.eni` Si"imean ; e _tai .en: that a :u.,7, ci 1 eSSee'v1rCi Laic iac ':nis Lease teen =_xec,]tec of the -E iectl'✓e Datethrough and;nC1UCIilC t.Ine Gate o'-. V inlet, tn;:S Leas, 'Vvas first execute... .e;sS the ,en - - -- aCivaiil'y, paid "'urs.;a�ri: ..� _ eXiSiinc _ease. :ooetr-e 66it rim'"csi at the '"aic Of eivrit '� cnt arc e Ji ti Calculated ori tele balance due at the end of each Lease Year Or portion thereof. �1 "Effcctive Date" shall mean (% "Execution Date" Shall mean the date When this Lease is executed by Lessee. (8) "Initial Rent" shall mean the effective net ren. for the Leased Land as determined by the appraisal of George Hamilton Jones, with due consideration to the leasehold advantage created by the Pre-existing Lease, all as shown on Exhibit G attached hereto and incorporated herein by reference. (9) "Person" shall mean any natural person or natural person(s) and does not Include any corporatiOn, association. or business entliy !nanV iOrm except a financial ir?sLlt LIOn Or other !loth 5,3�e lender actir:g in the capacit\% of a lender Or an f i81' lilVOS or I!\ ulo Lrusl. 10 "Pre-existing Lease" shall mean the Lease for the Leased Land whicr.. was e: i'live on January 1. 1988. and would. absent tills Lease, expire on July 1. 7996. 1 "Transferred" shall mean any sale, assignment, sublease or other transaCilori. other than a,-,,exempt transfer as defined- in Paragraph 3.5(31), pursuant to which the right Lo possession Of :he premises and the right t0 sign a new lease Identical t0 -this Lease IS transferred to another person. E. Rental Payments. Lessee shall pay annual rent In the sum of Forty-two thousand five hundred and 0/100s (S42.500.00). pa'y'able at the rate of Three thousand fife hundred forty-one and 66/100s (S3.8%1.66) per month,. LeSsee Shall also pay, if applicable, deferred rent i. i the sum of hi(.". upor, execution of this Lease. P.en: shall be adjusted e'v'ery seven (-) years flet the date Of transfe, In aCCOrdance 'Jvith file provisions of Paragraph 33(o ). Annual rent. deferred rent.. and periodic adjustments are based upon the foliov ing: 3 �kc ti0n. cf�r- -f, -C-, v _ ,c. .�"iiS _ca Se ,er....."v ... C _eSSe-..., ��: .�. "O _ _7 ."_.'�'b a vJ" LeSSee. !L L2SSEc Sa'; Cj' am a . rem , Ja: 'et as scecilied :�. ., C r!e -"a-;C! e; EXihliii C. I I"caf'EC. SO a "1.� ..S ua-.,;"i c', c g n er_ rt tr^ h f of this Lease by the Current. Lessee (other i_i a. an c . � !. " al S er SEt fdl Li � Ir Paragraph 3.r(3), rent Shall Ernain as SD&cmecthlS S'..1✓c,araor-a,D r10TVv'lthStandlnC the provisions of Par aci aph (b 1) in the event of any transfer of this Lease to a Subsequent Lessee, the Subsequent Lessee Shall pay annual rent equal to two and one-half percent (2.5°x) of the Actual Sales Value determined as of the date of the transfer in accordance With the provisions of paragraph 3"A(1). Thereafter, rent shall b=- adjusted eadjusted every seven years after the date of the transfer in accordance with the provisions of paragraph 3.13(4). (C) In the event of any transfer of this Lease to a Subsequent Lessee In a i,ansaction other than an am,,'s leno'.h assignment of :his Lease. and Sale of the improvements on the Leased Land, if any; such as a gift or trarlsfc^r by lili!erltanCe other than an exemil + transfer under, Paragraph .3.8(3), ine Sib, Lessee shall pay annual rent equal to the Average Actual Sales V'alue Rent calculated as Of the date of the transfer Irl aOCOrdanCE with tree provisions of Paragraph %2' Execution After the Effective Date. In the event this Lease IS first execuied after the Effective Dale, re!li Shall be determiined ar;dpall; as foilDV✓S: (a) Current Lessee'V!1'ithlr Five ears A71.e!" Efieclive Date: In the event this Lease Is exeC'uteo by the Current Lessee with Un five (,5) years after the Effective Date, the Current Lessee shall pay annual rent equal to Intal Rent plus a Suit! calculated by multiplying the difference between Initial Pert and Average .Actual Sales Value Pent by a. fraCLion equal i0 the number Cf ;!1011thS bein'EEn the Effective Data and Execution Date, divined by sixty. The Current Lessee shall also pay all Deferred Pent Concurrent with. the exeCUtlOn OT this Lease. herea`ter , SC long as there has been no transfer of this Lease by the Cum -e! Lessee rent shall rer air, as SDeC-Med. in this Subparagraph. not\hlthStanning the provisions of Paragraph 3.E( , bl Current Lessee/Dore Than Five Years After Effective Date: in t'ne Ev'ent this Lease IS executed bv/ ihE Current Lessee more than five (5) years after the Effestive Date, the Current Lessee Shall pay annual rent equal to Average Actual! SaieS Value Rent Calculated as of the date of exeCUtlon in accordance with the Provisions of" Paragraph 3"A(2). The Current Lessee Shall also pay all Defer red Pent concurrent ',Oth the execution of this Lease. 'I hereafter, rent shall be adjusted every seven (( years after the date of execution Ia accordance With the provisions of Paragraph 3.13(4). 1, C) Subsequent Lessee. n the event ti;e Current Lessee transfers the Pre- existing Lease to a Subsequent Lessee Who wishes to sign this Lease after the Cut-off Date, the Subsequent Lessee shall pay annual rent equal to two and one-half percent (2.5111c) of Actual Sales Value determined as of the date of execution and in accordance with Paragraph 3.A(i ). the Subsequent Lessee shall also pay all Deferred Relit concurrent with the execution of this Lease. The annual rent shall be adjusted every se'✓en (!' years following the Execution Date In accordance with the provisions of Paragraph 3.13(4). anS3G C' 0: cr :.al c. SSr irnr�''Je"rie .S c . Lease Lard. any, j --' a 'ote an exec, -'i^. pa)' a'lnUal egUa he . `.ver age �o gal .aies .. a,ue Fe'r O` .ne ,.G._ 0` ~ _ G-Sler i, "0_ %".h _ _ pi S\'IS a._` e Su Jsequenl _esSee S"a.I1 . Et S�, a`GIS .moo-ei"r e": .. e rl n - is Lease The annual re, shall oe a'diljsldO. %ei'�' .�.'e�'�:'l i ,`%eaI ,. •.e ,ilio. Vi In - i01101h%Ing the �:eCU lOn Date l BCCOrdan e VJltll t e 0\'iSlGns Of Pa' -ac, -? r. 3.B('). (3) Exempt Transfers. I he provisions of Paragraph 33 regarding transfers slnail IOi operate to i"iCreaSe rel!: ;T. (a) Lessee is assigning an interest In this Lease to a trustee under a deed Of trust for the benefit of a lender, (b) the transfer is caused by the death or" a spouse and the full interest of the deceaSed SpOUSe IS transferred tC a SUFVi% ✓Ing SpOUSe: C) the transfer Of an Interest in this Lease is between or an -ono terlanTt Ill comm07 Or joint tenants in Ownership of the leasehold estate Created by this Lease. and Such tenants in Common or loll'It tenants first aCOUVred th.elr "espect!V%e interests in this Lease simultaneously; (d) the transfer Or assignment IS by a bona Tide lender aCOuiring title foreclosure Or deed In lieu of foreclosure of a trust deed; or (e) the transfel" is a Sublease of the premises for three years of IeSs: provided. however. that in determining the term of a sublease, any ootions or rlOhts to renew Or extend the sublease shalt be colnSldeied par`. of �le t"ii whether or not exe, cised. (f) the transfer is caused by the dissoiution of the marriage of Lessee and the full Interest of one of the spouses is transferred to the other spouse. (g) he transfer is to an inter vivcs tril!st; li', Ing trust or other similar estate plannl g arl"angel nlent of Lessee, Orovlded. hoVVel/el that tie pr0''ISIOr S Oi Paragraph 3.0 shall apply upon the death of such Lessee it the beneficiary of such trust or other arrangement Is Other than the Surviving spouse or a -ienan`. In common Or Joint -tenant In Ownership Oj the leasehold estate created by thlS Lease. and SUCK tenants in Common Or joint tenants fi Si aCOUlred their reSG2Ct"dc interests in this Lease simultaneously:. or (h) the transfer IS to a guardian Or Custodian of Lessee appointed due to the physical or mental Incapacity Of Lessee, orovided. i7owever. that the provisions Of Paragraph 3.0 shall apply upon the death of such Lessee unless the transferee is the surviving Spouse Or a tenant Irl common or Joint tenant Ill ownership Ot the leasehold estate Created by this Lease, and such tenants In common or joint ter;antS Ji St acquired 'heir respectl','e biter ests In this Lease slmUitaneoUsly, r l ; Rent Adliustments. (a) Except as provided in Paragraphs 33(l)(a). 3.5(2)(a) and 3.B(3). on the seventh (7th) anniversary of the Execution Date of this Lease., or the seventh (7th) anniversary of the date of any transfer of this Lease by any Current or Subsequent Lessee, rent shall be adjusted to reflect any increase or decrease In the cost of living, which adjustment shall be determined as set forth hereinafter. �_' the daT e- Of ; a"'S e of an, _ .- O Sins=C_ :AnCnEve- IS iafa' n!0 EV'E. - Shat. =:ii: D , eaSeu . amu ., .._ sum ate :fan tort\! ?"Genf i4p r :,.c Fert aIC E ~xecUtio- Dat . C -r hi' the is S�, r e..tal at. uStment Ga.7;= L esso:- , `larendeavGr t0 no- LESSeE OfVrEI-,tai adJUStmeiaS at eaJ forty- ive j _1 days D- 3, the end Of EaCn sever -Ann, lease year p'"Cl%ICAC. !lCi9'cic.. ?iiU"c or _eSSor Qive forty-flwe (451 day's n: -ice does nro, relieve _eSSee fr:)m the obligaaOn iC' �a✓ increased relit or the right to pa's' less rent in the e'v'ent of decrease in the —P1: and, pr"oviced Turt.her. that Lessee Shall heave no obligation �nt to aV reIncreases Which apply to any period greater than ninetv i G'0 days prior i0 the eCeipt by Lessee of Lessor's notice Of an inc I'eaSe In rent. (b) in the event Lessee Is tvv'o Or more Persons o'Vvning the leasehold estate created hereby as tenants in common Or Joint tenants, andu less than all of such persons transfer their interest it this Lease to a person other than to an existing enan: In Common Or join- ailL, _ ie 'al-- aOII:S "hent snail be prorated -C 'eller: the percentage in e: beling transferred tO a th;Ird par' -V. Tor c::a pie, ff two persons are the Lessee as tenants in CoinnrnnD-! as to equal One-half in-LereStS, and one of Such per sons transfers his!lher 50°/c ii iter est to a third party. the rent shall be adjusted as provided In Paragraph 33(%'11(0). and thereafter as provided In P 3ragraph 313(4)(a'). and the resultant rental Increase multiph&?_ by he percentage transferred (50%) to determine the rental Increase; proviJef.. however. that any subsequent transfer of an interest lin this Lease to such third party shall not beyexempt under subparagraph 3.15(3). (5) instahment Payments/Grace Period. Lessee shall pay rent In equal nnonthly lnstalln-lents, in aCivance.. v,it pa)/"ie ,, J'Je on DI, before the first day of the month for vvhich rent is paid. Rent; shall be prorated during any month When a transaction Which increases rent becomes effective other than the first day of that month. No late payment charge applies t0 paynnen.-s received by Lessor or Or before 5:00 P.M1. on the fifteenth ('15th) day of the mOntn for VVMCh the payment is made ("Grace Period") . If a rent payment, or any Portion thereof. is received by Lessor after xplratiOn of the Grace Period. Lessee Shall pa\ LeJJdI 2 lace pa, men, oha'rge equal to four perCEnt (4°/0� Of eaci! late payl�ent, Or portion thereof. Pent pay i e! tS shall be payable t0 the City of hiev'v/port Beach and Sent, or delivered, to the Finance Di"ector at the address Specified for ServlCen Of notices. Rent shall be payablees eo by L..., tO Lessor in, SUCK Coin Or currency t0 the United States as at the time Of !Jcvinner iS leua -ender fOi Public and Private debts. LesSO!and Lessee agree that atie charges sOeclfied i th,is paragraph represent a fair and easonabie eStlln atE Of L COSI LESSOr vdl l ilnCUr I"E2SOr. Of an)% late payment by Lessee. An'y` late or missed pa'�'!nent of reni Coilst!t�J! a deaU i pursuant to paragraph 13 of this Lease. nnv failure by Lessor to declare a default and initiate termination of this Lease due to a late' or m;ssed payment shall not be considered a Waiver of the right of Lessor to do so for thai Or an)/ tither lata Or missed pavme!r . C. Credit to Tidelands Fund, In calculating Initial Rent under this Lease, a credit Was given t0 certain of the Current Lessees equal t0 the annual amortization Of the present V21Ue Of the additional property tax to be paid by such lessees during the remaining period of the Pre-exlsting Lease. This credit. commonly referred to as the "tax advantage", is shown on Exhibit D for each affected lot. This Credit Was extended by Lessor to Current Lessees as consideration for entering Into this Lease. As a consideration In Its approval of this Lease, the California Slate Lands Commission required Lessor t0 credit its State supervised Tice -lands Trust Fund by an amount equivalent to the tax advantage derived from those lots in Beacon Bay comprising tidelands. This amount Is shown on Exhibit D for each affected lot comprising tidelands. ^,ccordingly, Lessor has unilaterally agreed to annually calculate the amount Of such lax advantage derived from the i P.ANSPERS. =''.. C.onvd[LtOnS r"?CEdent L Sfea 7aSc ae.: o" +'dr Leri o'�SeML Oi Lessor. VVniC'-: o'�senT or Conot!Onec. Lessor s:: -,all cons=- i0 an _"ansier \vc re . Lessee and t-ep r. ^posed "ans e.ee have coi,Dlled wdlth the follGVt'Ind'. Lessee shall iurnis% Lessor \`Jth executed copleS of eac" and e','er'v docunnent used to effect the transfer. (2) Lessee or the proposed transferee shall Day to Lessor a transfer fee of orae hundred dollars ($100.00): 31 Lessee shall execute a `I erminatlor. of Lease! 'i0ld InL est" IOr '"eCOrdatlOn: arid f -fie 'v^ =e _ shall -. edu Evr lease ^ - i e i., e',ln� z _ Ii 31C� S� raJI S�iG �1E n �t Ie _ an a Of LcaSe" for recordation. vvhich (case shall De Identical to i 1!s _ease and ha`,e c tern-, equal to the remaining term of this Lease at the time off the 'I-'I R. Transfer Informati'o'n. The parties to an', non-c^x.el 1pt transfer of "1!S Lease Shall O''!dE Lessor with all information relevant to a determination Of Lne Total consldei"ation paid o the transfer. as Well as all documents which are relevant to the total consideration paid -!of, in transfer. Lessee and the proposed transleree shall provide this information not later than forty - live (15; days prior to the proposed effective date of the transfer Of this Lease. Lessor shal:have the right, at Its sole discretion, to Commission an appraisal of the fair market Value of this L &ase and improvements thereon as of the date of transfer. .any such appraisai shall be Completed not later Thar, thirty days after receipt by Lessor of the aforElTientioned Information from Line I-essee. li the value dete mined by the ap;.ra'ise, commlzs;onedv,so , xc-eds me statec oral COnSideration tG bE paid based On the IrifOrmatlon , eCe;ved from the Lessee by more than ten percent (10%), Lessor shall so notify the Lessee and provide Lessee with a full Copy of such appraisal report, and said value shall be deemed the actual Sales `.'alue for purposes of caiculating Average actual Sales Value Rent and rental pa\ idents unless within fifteen (15) days after receiving such notice and the repos i the Lessee notrfes Lessor That Lessee elects tc cause an a1era!Sa of tie Tai' market value OT this Lease and improve rents hereon as of the date oii transfer to be conduct. onducb\/ an Independent appraiser. In such Event; LeSSee CBUSe such appraisal to be completed no later than thirty (30) days after the notice to Lessor and shall provide Lessor with a full copy of the appraisal upon completion. 1 he Actual Sales Value for purposes of calculatino Average Actual Sales Value Rent and rental payments shall be the greater of (i) the slated consideration for the transfer, of J; the average of Lhe iVevo app! aiSaiS. it j aper aiSa, commissioned by Lessor or Lessee under this Paragraph =:.E shall be Conducted by an VIA aDoraiser licensed io CondUct business In the State of California and experienced In residentla appraisals in Southern. California. C. Exempt Transfer lnforniatlon. Lessor's Consent !s. not required for the e,..,:r,pi transfers" referenced in Paragraph 3.5(3); provided, how/ever. Lessee shall furnish Lessor vvith copies of all documents used to effect any exempt transfer. D. Audi t of Subleases. It is the irten of the parties that trai ls-ers eferred to in Section 3.5(3)(e'; shall only be exempt from the further provisions of Paragraph 3.5 (in respect of rental adjust!rents) i such subleases are not substantially equivalent to, do not have substantially the same economic effect as, or are intended to dlsgUlse, a transfer by the then Lessee of all or substantially all of his/her interest in this Lease to the putative sublessee. Lessor shall at all times have the right, upon written request to the Lessee; to receive copies of all 'written agreements, and to be advised in full of all oral agreements, between the Lessee and alit' sublessee of the Leased Land. Any purported sublease of the premises which Is determined to be substantially equivalent ' � .- .G C sease G.. ..a: S _ Is _`........ sunD!C'.�S See:f`'. _.E. NOUiI BF.fi.l\ICES. A. Ktght to Encumber, Lessee nlP\e! I;:JI' I_her:alis _ease P\' 'dee QI I US'. 7 V'r:gG`'e . Ci" 'alar InstrU! leili• in Ta''Gr Of ai 'v 7Jii? Tluc !enuc, i"L ei-o&", !n a bolia i!Ue loan, Lra-sactlO^ `O anv aUrpOSe VdithO'u he GOnsent ol 7c Jeien`line vvinet:`ler a ioa!l iS G '?^r i0'e lerlJin'C T"ansaction. and not an arrangement for TansTer of the possession or itle to ;"le P'emise.. i0 :`.e putative lender, Lessee and the lender agree t0 provide Lessor With all Oocumentatlor, executed bel',4een Lessee and tale lender concerning the loan upon request of Lessor. Neither Lessee nor Lessor shall have the povn�er to encurllber Lessor's interest in the Leased Land. A n ecumbrance shall be subiect to all covenants. conditions and restrictions in this Lease and to all l rights and Interests of Lessor except as othervvlse expressly provided in this Lease. Lessee shall gyve Lessor prior v/rlttein notice Of any encumbrance. B. "notice to Lender. Lessor shall have no obligation to give any Lender any v'vritten notice PUr Sua%i i0 this Lease unless ti ie Len e, alas given LGSSOr 'JvI itte'l notice 'OT ITS nar ie adO, eSS. and nature of encumbrance ("Complying Lender") Lessor shall give all Complying Lenders a cc),:,,, Qf ally 1h/ritterl nOilCe OT default. rIOtICe O? termination Or other notice which !'lav affeCt Lessees rights Under, this Lease. l\OiICe shall be deemed 'gi1ven by Lessor to L eri0aar five CE ) da\'S I �IeLrlted Sai'eS mal,; ^ertilie d arid return reCBlpi requested, PostageStage prepaid.ollone i and sent :., Under at the address fL.r� r e n!sh ed in vvi-iti! Ic `)\% Lender. C, Modification. Lessor and Lessee agree that they vvlll r'ot modify. Surrender or Cancel this i ease b)' mutual agreement WI`lho': ut the prior Written ConSen� of Lender. G. Rights orf Lender. Any Lender holding or the beneficiary of a security, interest or lien on This _ease and leaSehQc eStorc c; -ea -ted hereby- Shall have ne right Ourin` the Le! "nl 07 Ln� '_ease. to: (1) pe form any act required of Lessee pursuant to this Lease: (L) transfer this Lease t0 the purchaser at any for eClOSur e Salt., the aSSIGnee Irl 1. event Of a aSSI0n17,ent Irl IIeU Of foreclosure, or t0 acQ'uire the Interest Gf Lessee pursuant tC ?OreCICSUre Jr`aSSIQn!71ent and thereafier uansier this , e the er'c e"sor. L-aS2 i0 en0 SUCC Leander Shall have no right to transfer a is Lease unless and until Lender has cured all defaults regUlring the payiilent OI expenditure of mtone'v, by Lessee. E. Right of Lender to Cure Default. Lessor Shall give vh�!ritten notice Of ary default 0' breacn. of this Lease by Lessee to Lender and of ford Lender the Opp3FtUnl y. of ler notice; Io: (1 j cure the breach or default Within ten (.10) days after expiration of the time Period gr anted toLessee eSSee IQr CLI::"Ii Ig Tle defaultifTledeLa3eCured bV pa\/meit Of moi e\: l C �2) cure the breach Or default Within thirty (30) days after expiration Of the time period oranted to LeSSee 'Or curing de cult vvhen the breach o, default Carl be Cured vviilhin tla.t OerlOd Of time: Or (3) cure the breach Or default In a reasonable time When something other than money is re'p'aired t0 cure the breach or default and Cannot be performed vvithini tnirty (30) days a��er expiration of the time period granted to Lessee for curing the defau;t, provided the acts necessary t0 cure the breach are Comn"lenced 'within thirty (30) days and thereafter diligently pursued to completion by Lender. _ _ � _ _ � i., _ r.. ___ _�. _ _ I •�� 'ICP " e .. ,o C7 oEla, 17 3 o e _=.are,e _ 'c c a"ii E p:u` i,a. LE der Dc Or Ali Of the .er aS. COVeiiantS and vOnditioilS 0f this LEASE r 2qulring ii iE pa\%Illeilt Or „Xpe�:diture Of mOnE'y' ?v LESSEE Ur til the pr oceECInOS are Comblete or are dlscharoed by redemption. Satisfaction. pavment or conve`,ance of this Lease to Lender. G. New Lease. Notwithstanding any other provision oT this Lease. should this Lease terminate or be terminated because of any default or breach by Lessee. Lessor shall enter into a r!evv ieasE v\!ith Lender as lessee provided tI,= \/,'r.tieri lE !ease I .,e, 0 I e by L dei. .i ue; i0'." tnc ' v:' Se S "\%EC SSOr e.I 3 ''I da'�'S airs(" the term,"atlon Of this Lease. L he neVd lEaSe COiital S the Sai`le ter!?lS and COrldltlo! s as this Lease e):ceD' -Or t`!Dse wnic`-, "lave a!read\% bee! ful-llle" Or are no lodger apallcable. !3j on exec''Jtior! o? the new .Ease b,,% Lessor, Lender shall pa, any and all suns that Would be due Upon execution Of the new, lease, but for Its termination, and shall fully "emcdy, or agree in Vvrlting to remedy, any other deTaUlt Or breacr I COI i I! ! itied by Lessee =hat can reasonabl', be ei iedfEd b'vLeader. 41, Lender Shall; upon execution of the neve lease, pay all reasonable Costs and _„senses ;,InCIUC.Fig aTTLO"nEv's fees; Incurred In tei-mmatino this Lease, recover ino possession of the preillises ?rola Lessee, in preparing the neve lease. H.. 6fiis.cellaneou_. T he follov%,ing provisions shall apply to Lessor. Lessee and ant% Lender: 11 j Any Lender shall be liable to perform the obiications of the Lessee under this Luse oniy SC long as the Lender holds title to tills Lease, 12) Lessee Shall; vvitl`lln, ten (10) days arter the recordation OT any bust deed or Other secu-itv Instrument, record. at Lessees Sole expense, Lessor's written requeS Tor a Copy Of any notice GT default and/or nCtIC2 of SaiB under any decd Of trust as pl"ovided bV State iaVV. USE , .IND (•tE I,INTENANCE. A. Use of Leased Land. The Leased Land' shall be solely for residential purposes. Lessee nlay demolish, construct. remodel. reconstruct and maintain Structures Ori the Leased Laid for residential purposes so long as the structures and construction are autho! ized by app'"opDriate City permit and fully comply With all City ordinances, resolutions, regulations, ,policies; and plans. Lessee steal! also obtain perliilSSlor! to construct and,Or nlalntaln StrUCiUrES frCm the California Coastal Commission and ally other State agency II required by lavv. E. maintenance of Improvements. Lessor shall not be required to make an,,/ changes, alterations, additions, Improvements, or repairs in on or about all or part of the Premises. Lessee shall, at all times during the term of this Lease and vv�itho! �t any cost or expense to Lessor, keep and maintain, the Premises., including, without limitation. all structures. facilities, vvalks, curbS, parkways and other improvements, in good order and repair and in a clean. safe, sanitary and orderly Condition. Lessee Shall repair Or reconstruct any Improvements oil the Leased Lane ._ G.7 r ,E,C _JO sale 7 j_r' v '`h -'pace. any Jri �.Oi"'tl�f[BnCE �:�"t�� La'�dS, Lessee S`iaG i�la�.e �� _.���c ., .,., .. !r c �Te;"aTlO!nS epalrs 'G a!l\ . ti ctu, ' vemeni o!n t"�e - er c r_ ^' "u' CI" I!��u"0�� i I vise„ V�.!ICi"' I?na .JE rEC;''uliB� bj and Lessee Shall oTire ro,,!Se ser.'e and coTip!y 1q/lth, anv IaVv, Statut OI"LlrtanCe; plan. r ESOIUTICfn =!oliCv applicable to the '"?nllseS. LeSSee -nal! linder'lnify. 've er ld ano ` oICs es.,oi� ' Iarlr!les_ f,oriin aid aCalnSi an)% less. iaDijitv. action; claliii Or d ani ace arlS!r!^ Gut G Oi i an}/ \Way "ela:eo. TO LESSEc'S -allure t0 COmpi\% \h%iih. and- pe Orin L rSuant iG; pi"C`'ISICnS Oi 'his SUbparagi apil C. . `,I repairs. additions, and alterations to the Structures or i nnprovemelnts on the Premises spall Conform i0 a!I applicable la\n's. ordlnanceS, regulations, plans, policies and !resolutions and all Work shall be performed \ /Ith reasonable diligence; completed 1fi/ithin a reasonable time; and per ormed' a -i the Sole cost and expense of Lessee. D. As €s Colrldi for oT Premises, Lessee express!\% accepts the Premises "as is" and acknowledges that Lessor has made no representations or vJarrantles as to the Sultablllt'v of the JrapE.`v Gr aii`i' cOnSt Jotior, or InlprG`dEme, .. Less== shun Conduo' ail rests necessary Tc determine the Suitability of the property for ail\, proposed construction or Innpro'vein-ient., including. dvithout linni-Lation. The amount and extent of any illi. and related Tactors Lessee expressly aC):nD,, /leJoeS that Lessor shall not be liable TOr an\i damage Or iocc resulting Ton any subsur?ace or soil condition in, or,; or under the Premises or adiacent proper -y. Lessee expressly aCknowledaes that, vvhile the legislature of the State of California has purportedly removed the public trust restrictions oil use of the Propertl/ pursuant tc The Beacon Ba\/ Blll, the Leased Land "?nay constitute tilled tidelands, and Lessor has glade no representation or Warranty relative to the validity' of the Beacon BaV/ Bill or the power of the leGlslature of The State Of California to remove pUpilC trust "ESTI"ICtfOnS or, tlGeianCS tnrOUgn leglSlatioln. i'VOtVvfI SianGinG the iore'going, in the event of any challenge to the right and power of Lessor to lease the Leased Land Tor the purposes provided inthlS Lease. -essor agrees, at its Sole cost alga expense, to use all reasonable e'Orts tO resist alnC defend aoalns' such Challenge and to seek. _ !"j!II_C 01" iudg!nnent a7!r lr1C and upholding the right and power of Lessor to lease the Leased _and for the p!_!rposes pro`�/ided in this Lease. 7, TAXES AND UT€L€T€ES, it S andel-stood .;% !eSSCr ano Lessee That tnlS EdSe Sagive -Ise to a ,:D(jssessiory interest Ta%; O,.i,igaTlOn and that the execution Cf ;his Lease vvill constitute a i eassess niter it event Whim nnay give rise to a nnater!al Increase In the possessory Interest tax Current)V' payable bV 'LeSSee under the --ex :ng Lease. Lessee shall Day, before delinquent, all utility charges and any general and special taxes, assessments or other governmertal charges, ii any, Which !"riay be levied On the Leased Lard, and/or any Impro leme!nts. InCiuding, Without limitation; ai!'v possessory interest tax. .knv lien for unpaid utilities. taxes, aSSessrren .Ls Or Charges Shall not _ac`' tG T !e lease`1Cid Interest but only TC innprovemelnts located Gr! the _E2Seu Land. 8, USE AND MAtNTENANCE OF COIM€400 AREA. en e n h c T eTC beaches. /! l/ i :and Less e seal! have the right to use the s re vval,<vVays, te!�,nis courts. docks. piers, a�!u common landscaped areas in beacon Bay (as depicted on Exhibit A) arid Whidh are leased to the Beacon Bay Community �.ssociatlon by Lessor In conslderatlOn OT the rinainteriance thereof by/ Such _,ssCClatlorl and rent to be paid by Ind!Vld'ual Lessees under" their respective leases. 8. IvIAINTENf- NCE AND €MPROVEM.ENT OF INFRASTRUCTURE. Lessor has no obllGatlon TG install, Improve. reDalr, Or maintain sTreETs, curbs, gutter S; Water 11i -es, sew-er il'neS. d, ainace facliltieS, street llghTing Or other iacllit!es used tv, the residents oT Beacon Bav' (infrastructure;. Notwithstanding Section 5 above, Lessor reserves the right. after a five (5) year period iolioWing the Eifective Cate and upon approval by the Lessees representing a maJorlty of the lots In Beacon Say. to improve and )maintain streets, Curbs. gutters. Water" lines. Sewer lines, drainage facilities, o CCrrF,,jr prrTv 1, C,S10. A—, €kFe niaership ii! .L;ssocia:ion. _ : a ,',a!'7 - =ne CO ,SiCei io'- S _ease. c0" iOn to fine Co',: nuance of a v 0' she ric!hts of _essee bJ su : —. grecmel":t, _eSSee aCrteS i0 be'00inle, and dUrl y the tern,: 0` tnis Lease i0 remain. 1eF"n[)e" ir. Good standing oT the Deacon G`av CDi main'-\=Ssoc;aLion B. Compliance with Rules and Regulations. Lessee agrees to abide b ,the Art.;,ies of Incorporation. bylaws, and all rules and regulations of the Association, and t0i-%a`i tC the , _"ISSOClation, before delinquency, all Valid dues, fees, assessments and otner charges properly levied or assessed by the Association. Lessee's failure to comply with the provisions of Paragra�,p� and this Paragraph B shall constitute a material breach of this Lease. C. Lessor Maintenance of Common areas. In addition to the rights reserved to Lessor pursuant to the provisions of Section 9. if the Community Association fails or ceases to maintain community facilities. Lessor may, at Its option and without obligation, assume the obligations of tl`le COmiiiunit'V i=�SSO is tl0n i0 mafr i'Lain, repair, Install or Ii; -ove cC!'l"' unit facilities. !n Svc". even:. Lessee Shall pay' a pro rata share of Lessor's reasonable expenses 'ir! maintaining an0 CNeratinC the COii m!Jnii\' faClllileS, InCIUd!riG a eaSOnabie anagenlerii fee or file c Charged by a managen-;ent agent. Lessee's pro rata share shall be determined bV di'viding LeSsor s costs by the number of residential lois within Beacon � Bay (currently Se-Venty-iWO Io,S Lessee's pro r ala si hare Of the annual costs Incur! "ed b;l Lessor shall be paid within thirty ( rJ da';'S of ler VJritte! notice of tl-j- amount due, and anv failure iC pav shall constitute a materia! breach of this Lease. he costs of maintaining and operating community facilities Shall be determined annual)'! and soiely from the financial records of Lessor. 11. COVENANTS, CONDITIONS AND RESTRICTIONS Lessee agrees to abide and be bound ny all covenants, conditions, restrictio s an'd eservatiOr;S as Contained In Ezhlbit E attached hereto and Incorporated herein by this reference. Said Covenants. conditions and restrictions shall run with the Leased Land and shall be binding on Lessee and Lessee's Successors inFinptperr fest. ( p1 12, I1N[)EEt1iNIFI'CATIiON. Lessee shah inde unify, defend and hold harmless Lessor, its City Council, Boards and Commissions. officers. agents. servants and employees frOln and against any and all actions, causes of action, obligations, costs, damages, losses. claims. liabilities and demands of any nature whatsoever. including easonable atiornevs' fees, regardless of the me; -it or outcome of any Such claim or suit, arising out of. or in anv way, related, to the condition of the Premises. Or the use or possession of tele Premises by Lessee. or Lessee's employees, agents, represeiltati'lies: guests Or InViteeS, as well as anv actiVcity, WOrk Or ihil figs li\!hich may be permitted or su�!ered by Lessee in or on the Premises. Lessee shall indemnify, defend and hold harmless Lessor, Its City Council, Boards and Commssions. Officers. agents; Servants and employees from and against any and all actions, causes of action, obligations, costs, damages. losses. -; ai ms. liabilities, and demands Of an'v mature whatsoever. Including reasonable attoi"ne�'S' ieeS, accruing 0r 'resulting t0 any and all persons, `firms or oo!'poraL 1. furnishing or supplying Work, services. materia s, equipment or supplies arising from or in any manner connected to the use or possession of the Premises by Lessee or from any activity, work or things which may be permitted or suffered by Lessee in or about the Premises. Without limiting the generality of the foregoing, Lessee hereby assumes all risk of damage to property or injury to persons in or about the Premises from any cause except for damage or inury resulting from the negligence or willful. fraudulent or criminal conduct by Lessor and%Or its officers, en;plO'veeS; agents and representatives, and Lessee hereby waives all claims in respect thereof against Lessor. 13. INSIURANICE. 1i _en era, _—o no, o.�S. - e o: c e'c ..I e. ..,e a.. e� ... �.J .-., .. ._ -. ... -iG " .J� ,. 't,C •�,.. _G.._..� O_.., _.,��_. a,.. _esso- D. Fire inSrance, Lessee sha dl,...- :.nc :el"!��. :n!S _c2S," _."..c all st._�:Ji a J .. mproveinnentS Or' the Leased Land against '!osS dama0e by fl!" or other !S'r;. Tor �e struCtur eS. he insurance Shall C -r o\ ide coverage to at least ninety nercen i 900, C,f :,`I=' tu'I !: Isur able replacement val e Of al! improvennents or. ine Leased Land` vvith : e ILSs uavablc -to Lessee unless this Lease Is terminated by L eSsor for de ault of Lessee !r! vvh!ch case t = • I,. proceeds Of insurance nce shlali be paid to Lessor-. C• Liability Insurance. Lessee shall, at Lessees sole cost and expense, procure and maintain during the term Of this Lease, a b!-oad for,,, coml:)rehensive coverage policy of public liability insurance which insures Lessee and Lessor against any less or liability caused by. or in any ;Nay related to, the condition, f0r Lessees use and occupation, of the premises In amounts not less thar !: 55001000 pe Occur -en Ce fc!, hjury Lc. Or Jea h Gf. one (_ w100,000 for caii!age to Gr des! UCti0ii Of propert\'. 1=. DEFAULT. A. cvants of Default. The occurrence ot" any one or more of the tollovving events sinall constitute a material default and breach of this Lease by Lessee: i the abandonment of the Premises by Lessee =) the fallui"e by Lessee to make an)% paA%i nne!nt Of rent when due if the contlnues for three !3) da' s after vv"it Len note e 'en Le ee li , vent � Ce has been given i0 Sa t"le � i that Lessor serves Lessee vv ith a Notice to Pay Beni or quit pursuant to applicable un!avvful detainer statutes, such Notice to Pay Pent or Quit shall also constitute the notice re'pulred by this paragraph; the failure by Lessee to pe!=G;"m. any of the pro'JISIonS Gf 'his Lease and anv �^ i= ^h o n er e f e e ?a pr "hi'�.�s atta�l,ed h veto' be p orm d J)/ L ssee; other than d scribed in ragra ! 1 '.,4, (= above. if the failure to perform cont!n'Jes for a pe.'"rod Of thlrtV (30) da','_z aiier written !notice thereof has been given to Lessee. If the !nature of Lessees default .S such '`tat .more than ihlrt)' (30) oeVS are reasonably rey^ull"ed f0." I'S Cure., thein Lessee Snail not be in default if Lessee commences the cure �n/ithin said thirty (30) day period and 'hereafter diligently prosecutes tele cure to co!Y plelio!n; oi- the failure of Lessee to provide Lessor \v�'ith ak relevant information, regardir g the total consideration paid i!n ConJur!ctlon with any transfer Of t!!iS Lease: �7) the making by Lessee of an,, general assignment, or general arrangement for the benefl' Of Cf"ediiOrs; the fllin^y by Gr against Lessee of a petition i0 have Lessee adjudged a bankrupt or a petition for reorganization or arrangement of any law relating to bankruptcy uni'ess the same is dismissed within sixty (60) days: the appointment of a trustee or recel`ver tC L \e possession of Substa!ntlally all of Lessee's assets located at the Premises or of Lessee's interest in the Lease; where possession is not restored to Lessee within thirty (30) da)/s; or the attachment, execution or other iudica! seizure of suostantlalk/ all of Lessee's assets located at the Premises or of Lessee's Interest it the Lease, where such seizure is not discharged within thirty (30; days. r iotices giver, under this Paragraph 14.A. shall specify the alleged default and the applicable lease provisions, and Shall demand that Lessee perforim the provisions of this Lease or pay the rent that 1% 77 z Landlord's .Remedies do - LeSad' IeS S e S_ S. in vvn!c:, Case t1 :„ _case s :ail nn na.c Les -see e possession Of the ren':ises t0 Lessor. IhsUC% eve, -i -.di Lessor enCiticC tC _.�Ow'el roM Lessee all, amounts \w'hicn . Less -31 -IS e titled pursuant, t0 SectlOr Califprnla Civil Code. o, .a!Other p,-c1IiSl of air, "� n,,- - - - - o' n JOI u. IC �'.. foilOVVing: (,a) he worth at t�hc time Of award Of the arnOUnt bDV V n1C, Linc i T e unpaid erii and additional rent for the balance OI 'he terns af:cr the tli ne Of avdard exceeds t7le amount of The loss `Thain Lessee poveS could bee-aso iably avoided; and (b) any/ other amount necessary to Compensate Lessor for all detriment proximately caused by Lessee's failure to perform Ob!IgaiiOnS pU SUai;i i0 ibis Lease Or which In the ordinary course of thincs vlould be likely to result from t`l_ preach, Including. `Vithout llmit.Ft!or,'I-= COs; Of reCOVerInC pCSseSSIO'n, exner; c of reletting (including necessary repair, , enovation ann' a!teratior'I l easor,abie attorneys' fees, and any other reasonable costs. The `1/vorth at the time ofT a'vdard" Of all rental amounts Other than: That refer red td In --;a-,se i'� abO`de Shall be co:miputed by allow\/ing Interest at the rale Of Te"! percent (I i pOr annum from the Gate amounts accrue to Lessor. he w rth a, :hC time 0? aVdarO the amount referred to In clause (i) shall be Computed by discounting such amount at one percentage point abo`'e me d!SCOtlInC to OI the Federal Reserve BanF; OIn San rrainC.SC� at the time of av,/a-d. VlMout terminating Or affeCIirig the forfefL .- O, tnIS Lease o' In th2 absence Of express w-iiten notice Of Lessor's eiect!o!n to Od so,—1jeAng Lessee Of any' Obllgatiro- pursuant to this Lease. Lessor may, but need not, relet all or a portion of the Premises at any time, or from time to time. and on such terms and conditions as Lessor. at its sole discretion, deems appropriate. \,,Yhethe!' or not the Premises are relet. Lessee shall pay all amoUntS required by this Lease Up to the date that Lessor terminates Lessees rlo�,nt to possession of the Premises. Lessee shall make such payments at the time specified in the Lease and Lessor need -not Vdait until termi, nati0"1 Of the Lease t0 r eCOve SLJ:7s duo J1; iecai action. If Les ar rel t a Premie . the a s e s li or a portion the i� s re et ins s"alp not liev! Lessee of any obligation pursuant to -this Lease: provided. !iowever. Lessor shall apply the rent or other proceeds actually collected by virtue of the reletting against amounts due from Lessee. Lessor may execute an\! agreement reletting all OI" a portion Of the -teased premises and Lessee shall have no right to COIIect anj/ arOCeeds due Lessor by virt'Je Of any relettiany ng. Lessor Shall not, by anreeintry 0!" re ettl,ng OI' Othe� aC� deemed t0: (a) Have accepted any surrender by Lessee of tinis Lease or the leased premises; (b) ha`✓e terminated this Lease. or (C) have relieved Lessee Of any Obligation pursuant to this Lease Unless Lessor has g;ven Lessee express v ritten notice of Lessor's election to do so. (3) Lessor may tenmlinate this Lease by express vdritten notice o Lessee of its election to do so. The termination shall not relieve Lessee of any obligation which has accrued prior to the date Of termination. in the event of termination. Lessor sihall: be entitled 'To recover tine amount specilied In Paragraph 143(1 ). SL" ni r'v da, 'erioO and cc -:c, O'lIO Csc" .�a _ a s. _ :JC' �. Stay of GbiiQBtiGnS, ', C, L OPi'ca1.0i-is Guy Jaini'O .nIS Lease ofte_ .he OaTe OT -, 3. Ull- b - E. Deterrnination of Rental Value. Ii a" ,37jo . Or 'anlalh?U': dst ine. Lessor the reasonable rental value of the Leased _ar!d shall be dee-led to be the amount c- I-ent and additional rent (such as reimbursement for OOStS of Infra " r prove O S!rUCtu c Imnnents �r payment of taxes or assessments) for the period of the uniav,rul detainer. unless LessorIessee shall prove to the contrary by competent evidence. F. Waiver of Rights. The failure or delay of either paity to exercise any right or remedy shall not be construed as a waiver of such right or re !edv or any default by the other party. Lessor's acceptance of any rent shall not be considered a waiver of anv preexisting breach of default by Lessee other than the failure to pay the particular rent accepted regardless of Lessor's knowledge of the pr eexisti'tg br sac::`i 01 defaUi i at t`ie tim—e rent, is accepter'. G. Waiver of Right of Radarnption. Lessee waives any eight of re-denn ti,:)n or reiief from, fol e,ure Pursuant '0 Code Of Civil Dr ocedure SectiOr'S 1 %4 and 1 i!9 and/Or PurSL!ari' -L c) an'�' existing Or IUL StatjTOrV Or OSOislonal law in the evert Lessee is evic-ed OI' L esso, ta`:es possessloin of the Prenn;ses by 'eason Of Lessee's default. 15. SURRENDER OF POSSESSION UPON EXP@PAT iO4I OR TERIvAINATION!. A. Surrender of P'rem'ises. IJpOi e- expir alio n Or termination nination Of this Lease. Lessee agrees to peaceably deliver possession of, and agrees to vacate vJlthout 'contes't. iegai or Gthe5tose, the Leased Land. Lessor. at its sol IS e -i y ---cor,-, a r ui e t e" 'enc c e O Gr � On. ma i 0 -� .SOC i-1 r, � I� i Ind the "::PirailOn o, - L e i .ere ie: :,r h* 'r rare c ternninatl0n Of til eaS hO a !ni St. 'Lessee 1✓t�a!� d rly� � to _ ive relOcat)or-i assistance Or similar form of payment. E. Removal of improvements. Upon the expirat!Or'; the te."-, Oi th;s Lease. grid Gi condition that Lessee is not then In default of any of the provisions of this Lease. Lessee shall have the right to remove from —the Leased Land all buildings and im, 'Drovernents built or installed on the Leased Land, r emo'val of any building or improvement Shah be at the sole cost and expense Of Lessee and removal must be-lomplete ,o later than ninety (90) days after expi-ation Of the term of this Lease. Lessee shall fill all excavations and remove all foundations. debris and other pars of the buildings or improvements remaining after removal and surrender possession of the Prem;seS to Lessor In a clean and orderly condition. lr, the event an'v of the buildings and improvements are Ino' removed within the til - n= vl - E be t p -o ded In tin,a Paragraph I �. , then shat Grine the property Of Lessor 'd�fithou�. t e paymelnt of any CG!nsldera loin. 16. ENUNENT DOMAK A. Definitions of Term's. (I) he term "to -al taking" as used in this Section 16 shall mean the taking Of the entire Premises under the power Of eminent domain o" the taklnc of SO much Of the Leased Land as to prevent or substantially Impair the use thereof by Lessee for the residential purposes. ( he term "partial taking" shall mean the taking of a portion only Of the Premises winch does not coristitute a total taking as defined above. 1! nere_cT :'!el S'.a l de G_ .a";I •^ p- _ -7aL i_^ U'!d -i le pOVJ2r Oi ni^erT Oo din. :l='r ne easeno d' e __ c i the Lessee r- anc to :ne Lease -C' f _and or the po: ion Cher o, aK all ase arI'J .21 nl!ndl2 aJ C'i :n Ca:C `GI :a F.! G o saio Lease, -ai!C. II P"is Lease is _o termiinated Ire whole or i:r. Dar,. all re ..a. s and otner Cnaroes DavaDl e b' _eSsee to Lessor hereunder .,'nC attributable to tne _eased Land o^ portloi^. thereof ta�: l -10"e- a. a..o ae 7�eS _ 1u. REMEDIES CUM, ULA,T IYrE, !c : ight� pOVJ2"S. i?CJOr S anC r .. r2ra!3S of _`I _eSSG' Of L�SSCe GGi .iBl i2 ;` is- _c Sd S a l a construed as Cumulative and no o, -ie Oi them Shall 2 Considered exclu,..'ve of thedtrer drcxc 4si'.� can'/ rights Or remedies allowed by lath, and the exero!se Of One or more rights, povlef . edect!onS Or remedies ^fall not Im:Dai, Or be deemed a vvai,/el- of Lessor's or L essee�s rights to exercise any other. 19. t.0 �fVAIVER. NO de:av Or onniss!On of either party to exercise any right or po"'e!" anS!nO i"07j any onnissio7!: !leglect Or default Of the other parry shall immDBir al-ly such right or o0'wer or shall be Construed as a waiver Oir am, SLcil Or" issio ne^!ec4 Or deiauit o :he pal; of the Other _ ', OF an;+ acpuiescerlCe 7-r er e!7. i`v0 Vda!'✓el ? an'v bredCh ai v Oi tie i 'i:l c0'Je ari'S. 8'ryreenl2iiiS. !-csirlCiOns 0! CO dl lJls Qi 'his Lease shall 7e col ,strued as a Vdalver C? nV Cce f - a of a"/ - ITIS. a \% SJ 2dir� breach O! the Sallie or ✓r m o� Ile t2! Covena,lts, agreements r estric-I S Or CondiiiCdlS Of this L ease. 20. COMPLANCE WIT LAWS. Lessee covenants ano agree., to comply witfr all ruieS, regulations, statutes.. ordinances and iav,'S of the State Of --a:ilvua. vGUnty% OF orange, --It',v G! Beach. anyotI ici g0'v2ri i Ij !c� ILai uGuy O!" atP, C'_v having !avoul Jurisdiction over the Leased Land. 21. NOTICES. ny notice or notices provided fdr by this Lease or by levy, to be given or served by Lessee, may b2 given or served by mail. registered or certified, with postage prepaid, on the Cit 2!/p `,, a y of N �, or- Beac, . ddFeSsed to file IViayoi, City/ Miianager or Ci`y Clerk, 3300 Nevvpor Boulevard, P.O. Box X68, Nev,'port Beach. �_aliiomip_ 92,559-1 68. Or at SUCK other addreSS as la\' be hereat -i i misi`led iv Lessee In 'ddr!ti!-!g. f - Lica Is Intended to `+e served by Lessor or' i eSse it lira✓ be se!-ved Zither: By delivering a copy to the Lessee personaily or B. By depositing the Notice in the United States Miiail. registered or certified. vvith :postage prepaid. to he residence or bUSiness address urr:ished by Lessee: or C. if, tl"!e LeSSee Is absent from the Leased Land b leaving a ^py/ vdith SG! le , pe, -so --I O. Suitable age and discr et!Oil vvhc may% be occupying the Leased Ladd; or v. if no One Sari be toUr!d then by affiY,Ing a COp 0` the i-10'ilCe In a COIIS ! - O'l y% '1JGUS Dia tn2 Premises and also sending a Copy t Oug l the : fall addressed t0 the Lessee. Such service Upon Lessor Or Lessee Shall bZ deemed comilDlete Upon the earlier of M actual deliver,\C- il! the expiration Of Se\'erlt\!-NJO i7G1 hours i!Or and aider the 02pOs!t li. the United Slates mail of SUCK nGLICe, demand Or CO ili7 UnIC2tlOri. 22. HOLDING OVER. This Lease shall terminate and become null and void without further notice Upon the expiration Of the :elm of this Lease. A.ny holding over by Lessee a`ter expiration of the term Shall riot Constitute a renevval of this Lease Or give Lessee .-any rights in or to the Premises- except as expressly pr_Mded In this Section. T he - 1 6 16 o _ : e_ _ _cam"e - -' Less==. ...c.. -e --S,. ., —'e ": ..r.-lg-.".-,1. 1-�' .v��r'.., .d: .., _ _- .� .. y'C'.e� _ .. "... J.. �.� _c.aSC." .,� .., \; _r r' IOF „ 23. QUIET ENJOYMENT LdSSO' COv`enantS and agrees Cat Lessee.. upon p3vir ig the rent Set forth lel"eiil and Ol Se!"\.'Ir Ig and ,eeping all c0\'enantS and agreements i0 be obser veCi or kept b)% Lessor hereunder. Shad quietly iaV2 gild enlCy the Leased Land during the terli of this _ease 'Ndlthout hind"ante or molestation by anyone claiming tv or through Lessor. 24. SEVERABILITY. ar'w lei rri or Drv`v'is ion o 1 ti lis L ease shall. Lc an e -x' 7. i ane i -,,, ail(', or ,.. 7, en l n!- ce a b 1! e. Lh,e . emai!!d=r r.J� L.i "n _ ase si`lal inoi be affected thereby, and each '-'term and pro'o'isiDn Of this Lease s - all r emain valid 'Gild erifOi"ceabie t0 the f lilies- e:aen Der ! nitied by law. 2�Z. hAlSCELLANEOCS. A. Representations. Lessee agrees that no reDi'esentatioiis as `LCI, the Premises have teen miade by Lessor or by any person or agent acting for Lessor. Lessor and Lessee agrees and aCI n0\N edges that this document contains this entire agreement Gf the parties, tha4 there arc ri0 verbal agrGerhelltS� I"epresen aClOnS, war-ai-, -q or othe!" Jnder„ta!idim! s alfectli g� this ao,--eimeilt, and Lessor and Lessee, as a. material part of the consideration of this Lease. waives all claims E,oainst the Other for ecision, damages. or otherwise reason oil an\% alleoed covenant. aa,!eement Or 'Under Standing not contained Irl -Lihis Lease. S. Inurement. Each and all of the covenants, conditions and agreements herein contained shall, In accordance vvith the context, Inure to the benefit Of Lessor and Lessee and apply 10 and bind Lessor and Lessee; as the case may be; 'their respective heirs, legatees, devisees; executors and administr ator s; Successors., assigns. licensees; permittees, Or any person who clay come lntC possession or occupancy of said Leased Land or an part t'leredf in al 'manner V%1j-atsoe�ver. Nothing In this paragr aD`'I shall Iii any vve alter the provislOnS herelr! Contal'-led against assignilneilt or subieiting. C. Joint Several Liabilrtef. liLessee consists of more than One Person. the covenants, Obligation -s and liabilities of Lessee pJrsJant to this Lease shall _,e the io irit a; -id several covenantS, obligations and liabilities Of such persons. D. Captions. The section and paragraph! captions Used in this Lease ar- =or ,r;a c cc r; bG n r. OT anj' convenience of h pai"ti S an(.- Sha � not considered In co structlon or Interpretation rlro'ViSYOn. E. Gender. In this Lease. the masculine gender Includes the feminine and neuter and the Singular number InciudeS the pl',Ira! 1Nilenever the conieX' SO reJ !!rcS. 0 IN ,1117NESS WHEREOF, the parties have caused this Lease to be executed as of the date first above written. PCO) T O @� U ? e� �y �C/FORN`P ATTEST: A_1_Q 6wv__"� P jou f J CITY CLERK APPROVED AS TO FORM: CITY AT ORNEY LESSOR: CITY OF NE'y'VP0RT BEACH, By: Title: CITY MANAGER LESSEE: A een DuBow, Trustee 18 � ` / F E S` �l, � • mac'. c+ d O CR \ it ( \ �• �. +'�, \ ` J Zvi �i l m o \ \ \ � 4` ♦ , cn �\ \ r �€ t� � c IS Y•�" � �J ,� G � Ya �o �g. �y ,S r� \ It PO IfoA\ � p OP�p Cil .tG/• I � Fte � + tc �` �r j���lll�� �• •�1�� AFI-/ c4� �\ '\ �, � .1i�`\ �1., ✓ r35• �� O� c5r l:� 66, ,l � C � r-• \� of � rrt r• 01 k� � � � o \ m .Fri 6 / • \ CS' � ".� ,� a•r �/ ?� I p c Exhibit D Tiglq-_� 00'OZZ`SOL$ 80'£86`615$ 0�9`09I`I$ 000`£95'1£$ :s1E1o1gnS 00'OZZ`6Z$ 00'SZ9`+7$ 088`L£$ 000`L£0`Is Z S3 00"OZ6`I£$ 96'6�L`8Z$ O88`L£$ OGO'L£04I$ I S3 00'088`L£$ 00'05Z`I�$ 088`L£$ OGO`9£0`I$ ZZ 00'099`9Z$ OS'tZZ`0Z$ 09L`8£$ 000`850`1$ I 00'0I6`LI$ �8'LZL`8$ OZ£`Zbs OGG,L I`i$ CZ 00'OOS`61$ Z0'0Z0`0I$ 0179`9�S 000`£�Z`iS 61 OUM7,9i$ 8-�'80S`8$ 08O`6£S 000`L904I$ 8I 00'OSL`IZ$ sG'OSZ`9I$ 08O`6iS coo; Lgo, I$ LI 00'08t7`9I$ 8�'SOS' 8$ OSO`6£S 000`L90`I$ 9I 00'0yZ`OZ$ L�'9f8`OI$ OZS`9v`$ 000`99Z`I$ SI 00'069`61$ 99'Zi£`01$ 0�9`S"vs OGO`£�Z`IS ti GO'OS�,`6Z$ 00'SZ9`£Z$ 00v`O�$ 0CG4001`IS £I OO'06I`ZZ$ 00'OSZ`�I$ OOb`OVS OGO`OOi`I$ ZI 00'OZO`L I$ ZS'OZO`6$ 08Z`It$ OGO`ZZI`I$ II 00'GyS`££$ 96'666`�Z$ 009`6 $ OGO`ZV.£`I$ OI 00'OS£`f�v$ t70'OGS`Z�S Ot8`L�$ OGO`86Z`1S 6 00'05L`£V$ 08t7`£�$ 000`LLCIS 8 00-OL8`I£$ 96'666`VZ$ OGO` $ OGO`OIZ`IS L 00'09Z`y£$ 00'000`SZ$ 089`IS$ 000`98£`i$ 9 00'0�18`8Z$ 170'ZIO`OZ$ OZi`05$ OGO`I�Is 5 0O'09Z`IZ$ 96'85i7`OI$ OZI`6�$ 0GO`8I£`I$ 17 00'095`I£S 80'OSVzs OZ6`9V$ 000`£9Z`I$ £ 00'096`LI$ Ot7'9Z8`8$ 0t9`In 000`1£VI$ Z 00'0£0`51$' I 08"OZO`8$ QOZ`�£$ 000`L�6$ I co, 08VZZ$ t;'0'SZ9`91$ 09S`L£$ OGO`I£0`I$ 00'0LZ`ZZ$ SS*90S`ZI$ OZ£`£�$ 000`00Z`I$ 00'0t76`I£$ 80'SZI`£Z$ OZS`8n 000`0££`1$ 5�0'I 1L01� �21E�Lj 1Lad 1a,,q luad anlEA IE1uad aa.? -ON I(D7 anrl0a�g 10E�uo� laxszyY sre� ;FrsaqusnOuaun (*Ea�1s;} �uilsixg :Sllli0LLv3ICNI ?ll TVA -O IT"TVWnris IV panu7�uoj - S ,\TOISIiCl ZV S T 3 �I4 ,Iy aj"IV S LO � NT(�_S EXHIBIT B Beacon Bay Lot 54 described as follows: Lot 54 as shown on the map filed in Book 9, Pages 42 and 43 of Record of Surveys in the Office of the County Recorder, County of Orange, State of California. Exhibit C - Page 2 L 1P 1�LITD� '7''t Lc _KFC co=acCC Iz TMV� -:. C =fu c', d1 `v a1L? -erI .tom } C B tC T S s 23 8;000 $2,752.32$6,297.00 24 5501,000 $15,237 $6,125.04 $8.897.00 25 5509,000 $15,537 $3,399.12 $6,977.00 26 $511,000 515,612 $3,417.72 $6.942.00 27 $519,000 $15,912 53,436.44 57,102.00 28 5542,000 $16,775 $4,137.72 $7,785.00 29 5518,000 $15,650 $15,375.00 $15,470.00 30 5510,000 $15,462 .$3,551.16 $7,102.00 31 5517,000 515,725 58,750.00 $10.515.00 32 $520,000 $15,837 53.588.48 $7,217.00 33 $528,000 516,137 53,607.08 57,307.00 34 $589,000 $18,200 $4,454.64 $8,490.00 35 5559,000 517,000 .$3.776.28 $7,780.00 36 $548,000 $16,662 $3,795.00 57.672.00 $157./05 514,625.00 $I�,OJ�.��O ti- 38 5520.000 51,837 $3,780.36 $7.967.00 39 5525,000 516;137 59, 25.04 511.557.00 40 5588,000 $78,162 $11,133.60 $13,572.00 4i 551',000 $1,500 55,719.64 $7.300.00 4= 5548,000 $16,662 55,795.00 57.672.0:3 43 5556,000 $16,962 $7 7,250.00 $13,232.00 4' 5558,000 $77,037 S3 2.20 $7,787.00 45 5565,000 517,300 .8!,056.84 57.990.00 46 5588.003 518,162 54 454.64 58,49 2.00 47 5539,9.0 516,475 5�.�59.35 57,365.0 48 5551,000 $16,775 55,249.96 $9,305.00 49 $520.000 $15,837 $3,551.16 $7,197.00 SC 5523,000 51 5, 950 53,569.76 $7,240.00 51 552,000 51 ,837 53,780.36 57.857.00 52 $528.000 $16,137 5i 2, 750.00 $13,927.00 53 5588,000 518,162 54,479.00 $5,492.00 54 5530,000 575,987 53,544.88 $7.227.00 55 $559,000 $17,075 5i 0,625.04 512,865.00 56 5567,000 $17,375 53,603.96 $7,915.00 57 5546,000 $16,737 $3.551.16 $7,427.00 58 5528,000 516,137 56,750.00 $10.007.00 59 5525,000 $16,025 510.125.00 $12,17 5.X 60 5533;000 $16,25 53,533.SS $7,315.0J Exhibit C - Page 2 E asea - :) s!giyx-� iv OO" LZ04EOI`I$ tZ'0094yLL$ LLZ`S8S4 is 000`6V�'cgs :S1.0101 pu7t0 00'OZZ`SOLS so, £86`6ISs 0v9409t`IS 000`£95`I£3 il�loagns GO'L08`L6£S 9T'1I9`tS7$ L£9`vZLs 000`98L`£ZS 1uIIz1olgns 00'SStr`9S 80'8I1`£s 9Z6'£ IS 000`1L�s 8 S'a 00'LS0'9$ t0'9964Z$ L£L`£IS 000`I9ts L S3 00,01£`9s 96'Z86`Z$ 000`�IS 000`S9�s 9 S3 O0'SIti`TI$ 80,000`0Is SLO`tis 000`OL�$ S Sa 00'ZZ£`9$ 96'IZO`£s Z96`£Is 000`L9ts t7 S3 00'SZ£`Oi$ ffOSL`8S SZZ4v13 000`�Lll-ls £ Sa 00'ZS�`8s 9I'9£t7`�$ Z9I'S is 000`88Ss 19 panunuoa - S10 -I so;salul aua-d 19N 1ua`d anlzA l7ua�i pnl- A 10-1 aa3 10-1 ^<nR��I;� 1�E.Auo� 1a��ey� ri;?� Aa,aquTn�uaun (1?2nIST) o i;SiX1 panui,uo0 - S�I��iSg-;,q aiIia' S13Vz! IN 1�'S �O r`ci�����ir1S 6 6,'94 - pace 1 ExhibT'L D - Page 1 - ..-;11 r� pian� ReF?t rent of PV of T2, G. -Gt 'J. 4�t RT-_'t ! :�ela_nLz Utla,nis T-I'da:21L-TD' Ian6J Adv �.'an1 L � ^_ $31,9!0.00 100 G 072C $3i.940 $0 $Q ," B 5;22,270.00 ± &aO c 01 $21270 So D 5930 3 $7 0 C $22,480.00 i00c5 GFc. $22,450 $G $1,410 SI,41Q _ $15,030.00 iX 0% $15,030 $0 $2,080 52,080 2 $17,950.00 00 91-6 GC $17,950 $0 $2,260$_ � � �0 226 3 $31,560.00. i00C OC $31,560 50 $560 5560 4 $21,260.00 1000 OFc $21.260 $0 $2,610 $2.610 5 528,840.00 I00Fc Oic $28,840 $0 $1.620 $1,620 6 $34,260.00 IOtiC QFC $34,260 $0 $Q so 7 531,870.00 95% S $3G,2i6 x1,594 $Q Sr, 8 $43.480.00 SOFo 50C 525,740 $2i'7`4o SQ $0 $4^,350.Op Src o:c $2217 $-':�.-32 SO 5'J 1 $17,020.00 Oic DD -7c $0 .$171020 $3,200 $0 12 $22,190 '00 OC 00 $0 522,190 $1,130 50 13 $29,450.00 0Fc iOOFc $0 $29,450 $0 $G 14 $19,690.00 OFc CO-'l $O $19,,6gQ 15 $20,240.03 GOC 30%, SZ 048 $16,192 $2.980 $596 16 $16.480.0'1 95C SFo $1SS 656 $824 $2,640^x 2 5J.; 7 $21,750.001DDF/C SG $2,420 $2.420 _k $16,480.00 10'Oc Crit $16,480 $0 $2,640 52,640 19 $19,500.00 1003c, 1) C171 $19.�C 50 52,880 $2.800 20 $17,910.00 i00ITC C1 $1",910 $O $2,470 $2,470 2i $26,660.00 i00Fc OFC. $26.650 50 $Q 50 Z $37,880.00 10050 0c $37.x80 50 50 $0 B$ 1 $31,920.00 10D57" n;:, $3 i,°20 50 $0 50 BS 2 529,220.00 1'•0or- 03C $29,2'LO $G $Q $Q -utot2l: 5705,220.00 $500,8-'.' = 52C� , 572 $3 "i 10 524.84 6 6,'94 - pace 1 ExhibT'L D - Page 1 Z a92d - C] glq!gx3 ZaJzd G6i9;9.1EguoJea2 0$ 099$ SI£`L$ 0$ °6CCI I 0/0 GO'SIIVL$ 09 0$ 0$ SLI`ZI$ 0$ 0/0CO1 0/00 CO'SLI`ZI$ 6S G$ G$ LCO`CI$ 0$ %CCI 0/0 00'LOCO I$ SS as COLS LZ�`L$ 0$ 0/COI %0 OO'LZi'L$ LS 0$ CLp$ SI6`L$ 0$ %COI 0/C 00'916`L$ 99 as 0$ 598`ZI$ 0$ o/001 %0 00.598`ZI$ 55 G$ 005$ LZZ`L$ 0$ 0/001 0/0 00'LZZ`L$ tS G$ O£L$ Z6v`8$ 0$ 0/CCI %0 00764`8$ £5 0$ as LZ6`;,I$ 0$ 06CO1 0/-)0 CO'LZ6`£I$ ZS 0$ OI i$ L58`L$ 0$ °6COI 0/0 00'LS8`L$ 19 0$ O£9$ O�Z`L$ 0$ 0/00i 0/0 00'ObZ`L$ GS G$ GZ9$ L6I`L$ 0$ 0/001 %0 00'L61`L$ 67 as 009$ SO£`6$ 0$ 0/COI 0/0 CO'SO£`6$ 8� 0$ 019$ S9£`L$ 0$ 0/00i %0 00'99£`L$ Lt7 0$ OZL$ Z6Y`S$ 0$ 0/001 0/0 0076t7`S$ 9t7 66$ 099$ Z6L`9$ 861`IS 9698 %91 00.066`L$ St7 0$ 0£9$ LW L$ G$ 0/001 0/0 00' LW L$ 0$ 0$ Z£Z`£I$ 0$ 0/COI 0!00 0$ 065$ ZL9`L$ as %C01 %0 00'ZL9`L$ Z�7 G$ 0195 00£`L$ 0$ °6001 060 00.00£`L$ It 0$ 0$ 0$ ZLS,m 0/0 0/COI 007LS`£I$ at 0$ 0$ 0$ LSS`11 s %0 0/001 00'L99`11$ 6£ 0$ 0$ 08$ LSS`L$ 0/0I 0/666 OUL96`L$ 8£ 0$ 0$ SSZ`�I$ 09 Ls 0696 069 00'500`51$ L£ 0$ 069$ ZL9`L$ 0$ 0/CCI %0 00'ZL9`L$ 9£ 0$ OSS$ 09L`L$ 0$ 0A001 0/0 00'OSL`L$ S£ G£L$ O£L$ 0$ 0648$ 060 0/CCI 00'06�`S$ 059$ 059$ 0$ LO£`L$ 0/0 %COI 00'LG£`L$ £Z OZ9$ OZ9$ 0$ LIZ`L$ 0� 11/0001 00'LIZ`L$ Z£ 861$ 099$ 19£`LS i91`Z$ 0/GL 0/0£ 00'SIS`OI$ I£ 0$ 089$ ZOI `L$ 0$ 0/00 01 0/00 00'ZG I `L$ 0£ 0$ 0$ OL�`SI$ 0$ 0/COI 0/00 00'CLa`Si$ 6Z OCL$ 0VL$ as S8L`L$ 0/0 °ACCT 00'SSL`L$ 8Z 099$ 099$ 0$ ZCI`L$ 0/00 0/001 00•ZOI`L$ LZ £CL$ OIL$ 69$ �LS`9$ 0/1 0/66 00•Z176`9$ 9Z I£$ 0£9$ 8Z9`9$ 6ol£$ 0/56 0/S OO'LL6`9$ SZ G$ 06£$ L68"S$ 0$ %COI 060 00•L68`8$ t7Z 0$ OSS$ L6Z`9$ 0$ °/001 0/0 OO'L6Z`9$ £Z s slo-I JOT -la] afElL-EApY aDzjUCAP Y spuzidn S UElapil TLzldn SPuEIapil JUG -d ;ate 'oN 10'I T xz i 30 Ad io �u2� 7ua`d o/ 9/ an o2I SPLmj--p{T `iTOUS'y IEIIULT'`q aiEL1oi;Sodo-: = ELoPiodoid (:Ean js1) ,sPLeIdq PuE SPllEIap= I ua^� .�aq aoE]U?AVY . G 1 PLM SSuad TO .01 ilq?-QJIQ -V .�_ N:). an,G t2r. 61 58,482.00 p �S 510,325,00 1Cr0% iO3°G S6,322-00 t DD -yo �S 5 SiI,4i5.00 8510 -S 6 56,310.00 OFC "S 7 S6,057.00 0°10 =S 8 56.455.00 Gc tJ°%c S9,;Cj S1,712 SO SO 10 Gio $0 $6,310 $500 SC 10po SO 56,057 $650 S'3 -V _SCIV2 'tet r c%S Cv SI��' tar adva_ —.a. . iscount mtc `or D7ZS'71,t Value oI annual is. :37e i 0=i at of adva Lta' [r'�'21`3�� eJ c e I vilt 1 r ; 93 g^p. '� `` J; b ; t ScI. Lou 3, i, and 21 h?ve been aOJUstc7 for new o0� Sact rent aa! estate �- Be'2con Dv 616;94 5 EX-hibit D - Pace 3 an,G t2r. a:-, dSar eiC1rC UD12QSLn .Qi a rarer _ -.0", `. ac iO3°G $0 $8.432 $720 S0 C)% S 10.325SC $320 5320 0-70 56,3322 $0 $500 S500 tJ°%c S9,;Cj S1,712 SO SO 10 Gio $0 $6,310 $500 SC 10po SO 56,057 $650 S'3 009r $0 $6,455 $4I0 so S 1 D9,592 S288,215 S19,930 S5 251 S5C0,848 S204,372 S3 , 7 i 0 4r) X92.587 i i)0°ic _SCIV2 'tet r c%S Cv SI��' tar adva_ —.a. . iscount mtc `or D7ZS'71,t Value oI annual is. :37e i 0=i at of adva Lta' [r'�'21`3�� eJ c e I vilt 1 r ; 93 g^p. '� `` J; b ; t ScI. Lou 3, i, and 21 h?ve been aOJUstc7 for new o0� Sact rent aa! estate �- Be'2con Dv 616;94 5 EX-hibit D - Pace 3 2322?§ 223 22 2§222 233 711 2zb15 0£ 22Rtastz 22%£27 2 2332§2222§S 2 - 2=c5itectz=El C� mitt«« 2 2 - 2=t£cles aa3 E_ =w. 2 2 - Assessments . 2 2ssociati02 3 5 - 2ssociatiGS Zoles 3 5 - 503=§ J 7 - City 3 - Common 5 - 2CF -L, 77, Area 4 1G- Cover 2£2=_52«_2 . 4 22- Declar t 4 22- 3x5£5£% 4 ��- Mem be 4 \4- LeSsee 4 - Residence 4 1D Set3ack 22 231323322 » - Eem, bersNig 5 2 - Trans£«= « 3 - 2 otirig Di=§t3 3 Classes o\ 72%£22 xe23e=sKi/ 5 5 - 2gg:o2al c\ Ze23\zs 5 2_2 CC% E232 £C3 x §2sE2G2y 23- --.METS E Creac,n c£ t' 2_�. an2 2ez2C,T' CDiigatiC2 0£ Assessme2ts 2u£Scse o£ 25sess2ents . \ 3 - &egEla= \ases525223 S Zssessseet 3 - Special 23£e33mA2fz E - Ko 0££sets t Zese=las ? 27 »=S 22&3§2 022£3323«2923 7 De2iS72Encv 7 2 - Notice of: \ien E Zo£eclosure Sale E E X hibit £I Sluag/Sa2? -z2 £I Ses23/gni -22 £I ®I23z:7;0 ;c &J:IQgG:I2oR -22 9I 23§#§23§I? W GL\TV 3I2333 II 9I uol;g=2<=GE J2 i=@J72 -�2 91 Sa=lacK - S )I Saa3 ,SZeuJo&&< - 9 gI I2=QI£ SegEISu3 J@Ic32:3 GI ST 523222E \ §I . 2=33 lgu22 a§J §&!* uo3 o Snu2uaz0 - § SI TIT q@ - > §I " Sa:ga2a3 GAT 2 ntil o2 - 2 SI =azleX oK - Z yI )2323\:ciQg - . 1I 2§OISIaO3 £ 2t 2:,Z.'! S = 22 aS2 7c [I as2 7o Q0I425a2aG - 3 EI =u@2\o[u2 ;o ;§!!2 ,s=GquiG - T £I 3L\":4: TA;� 02K2 20 Sz2S/3 XI EI E@GS @223333 gIu=o}TI22 - S £2 . £I @ou2s:oR - 2 £I SUB 7S - Z Z ze2 I2l2=@UELl-'o2 - I ZI . S§OI32I32373 2S2 ZI 22!3:2%&R =3lgr£ Go @su22a&ulgW - £ EI Gassaj Zg QSQ2QaQu:2W gue JI2 333 - 2 33 2o!)2l�)oSS2 Zq Gougea&u}gX @22 =}23g3 - 2 1I 23§#§23§I? W GL\TV 3I2333 II Sa322 uoI&QI�SSJ - # II . Qcuo!&QISOSS# a§& 7o S=%xo\ IT Qo!&2}=osse a&& Jo sal2o\ I23a=a£ - 3 03 SJaxo£ pup S@la22 I==eQaS - 2 GI §OI3sI30SSe 223 JO S22x0 £CNV Sal 3EG CI Su2££ J\ I@5o=33# 109 Z4TTTg2II2o§ - y OI Su23£ 7c 37T==CJoo2 @u) }@3\=332 - £ § Suols:moo=E 22=3233 - 3 S @a)&3uQo@ IQJE9Sa!!RS=J Jo 9uQ2&=lo3£9 - I § SO33§OS 2�z23323222Y § &}22;02 70 SU1=23 - g g sua12 @5g5;=oW §&Ix 31gsuo14e2a3 - ( IIA I& & Successors V Je'-._..._ Z l.. . f Lne C1 v C= t\e4t�Crt 711'?7-1c1C�-� i COrD0r,.. o :a_d c0'`DGr�t_0 a n 6 ass C+isr S`:a i! cre Lte= 'b r - _erred tO V C 'D f, i ZEX1 l L _0 t:7 _J DeLC _ a 1 C :Qer 1' LC _S �C�.___t_On. . iS _ C C-, _. _eClara%t ~cS cei:�` _t QeS_rai_ t0 eS-abiis.. c0 _..�nc0nd_tio-is and _�st__cti0ns pon time`Cover--d �= e_ t anC, e c a^,C e tiCrt10n t !erc-c)r N, i c',1 W- l l.'Cn,J t _ t to g I as __ s ceme _ Cr the 11� 1C �!C✓ =:�I e .. o_ :` �' _ r '..i ✓ e r Lr r G e1 :..+ Ci r t .r.' C i1 J G Q C C i.; N' C1 mC _Y� �..: Q G p OV:,1 JI - c. t -!!r C'f 2t'�:`1?`1L11'1.J Gll��.t ✓=Vtel.- 1C J at rac--7;=reSS 0 the Covered P:Ond ren, _ 1 C t 'e' Cua1_ty = 1 i.^? 1thitl c 1S Cec__aC', =or i.:ie eL�ICICilt iilanaQ-'!!�e?it .�.� on c_ the val'�_ ce-S f at'i__ty a.ic at t_a'c-iveneSS C= the Covered Prcoertv t0 6e1=C- .<nG a S s cme,-: tP.e -�DowerS OL mtan?Qin(7 Lite CCv e _ e_ d -_0�-- _ T-,,aj ta17- nq _.^:d dd". 7,iSterl^? tne l0ii!ii:C T:_ta a`d _�..,_.._st__nQ and en`orc then, OCDenar:S C0nI ;_ - _:,r: _St_'_C--i0�.. dile CO 1 ectinQ an, 6 disb L J i ng _ CJ -.. _ ?a -L to _ 'e aSJeSSrle and charges r!Crelilei ger Creat= ..-1d re - erred -L c, an'd to perform, such of ier acts as c .:'-1 __...__..''_ V ne?'_t the Covered PYC7ert'>T tC theE-acon -SSOC?t_O� r a California nOnDrO-_t CGr _ t_O,n. .Larii.t 4J1!1 hErec,ttGr CCdtitle to and cS� I CO'J_f-2PrO,Doty suID e c t t0 certain -DrCtective COVe'.='.t,' r CC 011:101-1S G ld r^Str1Ci 10 M5 he'e% t?r Se` to''_"th �= /2C Rev . 9/24/79 6L/�Z/6 'nah Z T6_/OZ/6 eg -U0Tge3eT3aQ ST 307 PapTno3d Se -sa3a u -j snTd `aTge�ed sa53ego 3aq-t pue saga , s.{,ate g?TM 3aq�a5o� ' �uaulssassd TeTOadS es2 pa,a�5-sap a53eg0 3ag20 due 30 'saTng UOT;eTooSSV 30 Sr�eT.�E s TOT f age luoTYe3eTOaQ STgq ;o SuoTSTno3d ag; o�uT aOuapTsa�3 STU pine aassaZ aq; buTbuT3q UT sq soO 307 ucTTeToOSsV eq� asanqulTa3 0� ' aassa? a ;a, o2 aTge�ngT3?fie �T?ca3TP '3ouapTsa� sTq put aassal 3eTnoT.� ed 2 �suTeLe ab3egO e U2aaI TTegs „:Iuau'SSZSSV •s�)Suadx? ucululOO -:roJ uoT;eToossV eq- ;o iaqu:aw goea �C PTea aq o; ST gOTgM qunOuTe aqY US@UI TTegs „luau ssassr 3eTn6a „ :Pau T7,ap 3a11aeuTa3aq s2uaussassd aq, oq uan75 aq TTegs sbuTueaul SuTr+oTTo7 ags , : s�uaussass �„ • Z uo T?Oas DopUvL_T2 Tnp aq auITY Oq GWT4 uI03a zi2w Gui'2s aqa Se UOT;eTOoss j aq� go SMeT,La PUL UOT;230d300UI ,0 SaTOT�3� ag 0= 3aze3 pue LT2aLI TT2gS „SM2T�gu put „SATO = tF� u ' Z UOT �Oos '��TC3�uoO Te3n�Oa�Tgo37i paTTT�ua 70a3aq aTOT3 aq-4 UT 307 paPTno3d 30 aa4;TU='-ioo ag1 0� 3aaa3 PU'2 Ul--aw TTegS i,a; 1iIgTUIILOD TZ3I1�Oo�Tg03Q'u 'T UOT�OaS :SMOTTOZ S? pauTaap a32 UOTIe121Oac sTq; UT pasn SL1Za, bUTM0TTC3 agq `aSTM3agT0 Saa. ?OTpUT �T3eaT0 �Xa�U00 ogZ SSa I L'(1 SL`IOT,j iii -;?Q I a1DiIHv •S;uaulaua2 30 ;uaulaua; ;ueulwop aq; se S;SaaaTuT pTeS 7o 'Liana pue goea 70 3OAe; UT apn�Tn3as L S2 7oa3agn ;32d t�3ana pue Sgsa3a;uT pies uodn pasodwT ale pue 7oa3ag4 3auMo goea go �T;auaq age o� a3nuT TTegs pue 17oa3agI g3e6 FU -2 30 S'Sa3a'U pTeS UT aTTT� 3O �gbT3 �u2 SUT3TnDOe 3o buTn2g sa.T;3ed TTe uodn buTpuzq aq TTegs Pue s;sa3a;uT pTeS q;TM un3 TTegS Squauasea pue suoT4013_sa3 'suoT�TpuoO 's�u�uanoO asags, •subTSse pine s3ossaOOns 31aq; `sgSa3a;uT PTOs 7o s3auMo aq-'T pue 'r�q3ado3d pa3anoO aq; UT S-S@pTes 70 ;Tgauaq aq; 3o7 aq o; pa3eTOaP �ga3ag Uoo a32 gOTgM S4uau?aSea pue suoT;0T3gSa3 'suoT�.t, `s ;ueuanoc SLITMOTTOa aq; o; goaCgns parCanr oO pUe pTaq aq TTegs �-13adoad aq; uT 3eadde OUIT4 O; ayTY a:037 �ZLU aai�2S aqq se ;Sa3a;uT S4T 7o TTe q2q; Sca1tTOap pue saa362 's-u�2uar,00 Fgalau,�u2leT000 '32i02-:I'd2PJ, �,O�I SC _ - _ .. it I .:SS.�'�-.___�.�....,mac: rsoc- `G r..= Ar- _ple ;,er -ec .rsoc_at_cr e JCarQi Site I I i;cc ? �OarQ C_ 7 _ tor� O. ct cn / "C -LL°- Si:a1! Tie a% anQ re=er tC the City O_ ' Grt •eachr C a I i.or;'.ia, a riu,niCipa! COrnOration o= tide State OL Ca='_LGr la �eCt_On' v. CoY7:7,n, xr)e^ses ,Sha 111 -iean and refer tC the act..:cl a -c, est».a _eG Costs C)--: t �a_7!te ante, ian eme^t. C,_'•eratlon, r -TDc_r Q t C. LheLO1Ll!Lt0^ ea ai Other areas On she _rG e_t_ �'hiCh cre ua'P.Lci^eG� D1 the 'aSSOC' _i Gr . !�_iit l ice u_y �i!� ASSOCla- On Cf areaS With_. 1C rIIZ-n -0 7 -µ'a,17 C) c s:reeS 1 the v1C1' 1- L`` G`,.;er-G prvC`_-_V _S PrCV;de� 'i t_l_S Dec arcL- I. Gr ,z) SLci?t t0 ac_ee:i�e`l_ wi tri t''e C_tV; rc costs CL m..ana�e i e t an eT1=n-i st.raton OL ti';e S SOC =t; Orr _-C_'•iQi. C.1t 'pt li tlteQ tOr CCae r, 5ati0l -.SSOCi t:C, tC' iia -a _ accoli t-...tS f _t orne s -Q _!i_ SOV= -S f o) t COS" O. ut__.lt_e Sr CarCen1 na ar1Q Otiln Ser'•%.ices % .Ch C e -11 era 11LL' ber, fit ar1Q enhance the value ai1(3- 'D 7, 0= the CGi_!t!uni V Facilities, i the Costs Of fire, casualty, liability, WcrkIIler I S C✓:::p�.._atlon an6 Ogler 1nsur? ice Covering the Com: -,= Area; t e COSI C= an-,,, i Ott er lIlSllrailCe Qbta1 le by the CC__7-loi1; reaso-!ab!res r v e S as deeme(� appropriate by =iie the costs or Bondi g o she members c` the Boar,, ai_ r3 -T ssi0i)ai managing agent or any Other Uersom _)aC 'i i- the ,funds C= the ''.SSOCiation; BeaCCr ,3a cc /L 0,/ . .: Rev. 7/24/79, V L/ VG/ 6 ��� v 'CDC ----SII ;TUn 5U7TTar�p TL'T�UapTSa:r al��, 3(`(LTOUl L'a�� Uc�u]ulOJ �l(t? ac)nIPU ( SOU p@p!Aold=LnTCl30',C-'Unco ��Gut?zp ' �apl :sad n�uno� ac{q ?o aG IJ70 atj� uT 0j Uo �{<,nzn� ;o =p.coa '�`� pU2 Z9 sa5ed '6 �O'OC UT popZoaaz LiOTSiT. :,a� uo0t?ag Jo deyl �anznS ;o pzooa� au; Uo u:tot�s e oYt,,, aOUapTsa� e -c saassaZ aqanTanT�oalToo -70 aUOT2 az2 otjt� saTTT�ua 1c s cs?ad azoui ?o auo oq zap az pue u2@W TT2gs „aassaZ„ LG �OaS •dTLis zagtuaj•I,; paT;TTua uoT�e�2ZoaQ STUq 10 aTGt�z� ti ,-,• a aDq cn nu2nsznd dTgsaogLO'1! acJ SaTITT2nb oqm -0 C OS�ad !r1?a 1a O� sad az pL,2 L-aIL Z �L Cj� . G- ',LTG l UGi OG S •uGT�e�:e ��2` S?�1� UT �ezodzoouT aOUaza�az sztj nq sT s�T-q 4�3 tions To uoea _ p puL onazatiatj0e�;e pue uTaaatj pa�2u5Tsap os_s�Uau n o q 1 • n - ,TgLI 'x`; 'ZT Uoz�oag ;DSO ; ca J.a?a�l pue C.Lat� "I:UJ tl T `'l li jOL'ag , a0c."%GN 7O , S a4, O� za3az pue ueaut TTegS t;Ueze LoaQt� -.•---- t I li ;Tq �tix3 uo paq?z0sap ��a ad(D�Cd T eaa a'. L L12 d F�'uoz�Oa o? za�az pu-2 u-�2aui TTpgs ���:adoz d�anopl6 'OT S • tll:l,- �TgTt{x� uo umcgs s2 anTsnTCUT c g5r.o?u� s,cj o, pGgTwTT ;cu qnq SUTpnTOL'T 'seaze pa,�Ge eT s uoutuoo pug 'szaTd 'scoop noo STuuaa 'r 2M T T S 'sagoeaq f s�aaz;S TTe uaau� TTegs ;paz� uotuuop„ '6 t_ot oa 'L�OT�2TOOSS�' aUT ?o Szah+od z0 Sqz-np .due 3o abze:�os?p acj� LT z0 L'OTq2TOOSStt' auq r SaSOdzP.d ag-t 70 aouezag�znz LtT ' SG To -Czt� auk ' uo� ;832 T0- ac 'Sa ih LIOT {PTOOSS�' z0 S.�2TXg T sTtj� I . paT2ubTsap suuagi .lo �aTi zag?o due 7o s�soO at{ ; zo 2 f2a-7V :Ouzuop ataq C�YTM uoz ;oauuo0 uT zanaos�euM uos2az �u -O; =Ta2Z00SS.d aril �q pazznouT sasuadxa saggo U(T) pua 'pzaog atiT �q PagsTTgz�sa aa��iuu<oo zac�o z0 as;gTuiuTo:) Z2zn;3a-,zucz`d auk nq pazznout s�soO (�{) �oazat�q suo a0 -eazv uouuo� atj; �suT262 paTnaT a0uezgtunoua :10 uatT due ?o a5zeti0sT p .70g U0142 TOOSsv aqq s;un0u1 ? :U0T'--)T2 Scj atjq Aq pled SaX21 (Zi -_u - __.. _C.. _✓� JeC t1On - [s`-�.erShi t:r.ere sh4;? _` � . y L ee sha11 ue a -er,b r �i:yly C)n— t*`:c esti to rl'' , SOV _=fiUC_.� .. .�-= oe ce ano p. is i o.,s set =or th i this e are binding- upon all r -Se. D c1arG�lOn, yes es are r.oL exclusive r S..ay1 r 1.. add i t_O 1 r be SLJ��C� tp + he r r as �eSSe�S j re ms and p ; O tihe rtiCles ��riaWS a1-1 sSOCiat?Cn rOV lOiiS extent the provisions thereof r + CC1e 15 i7- are 0L In COnil Ct WitLl th' ;ClaraLi3n !`:el,i e--Sh Gi LeSS -i aP pur tenan t t0 arld rnajno. beSeparated eeS ^jhn_1 b Lrcm o` s ch Le s� i n Lhe inter est any �;esidenGe. 0t,nersh,_p a e cL2s_de Si�=UI! � h i r; '' c � _ u� L-• SO e Uc_�_ i Cali on. Lor e? hers ^L e e 'er ;�^ J r -"_�' i I1i-�r �rC'J_Ci? - r - Ti e S �L ng ri Gam.^,LS .ua;vT De l a - S:Jen'a`Qr �. J~r GV ` rC�l_ Leo or as C .j n th 1seeCOn Assoc- atlo RCI es Li r t} e �1.1_cwS Or the Ass -`'ransfer. file ^em DerS}lip 1,`l Snal1 MO -Z be tranSf er -ed ee D d �'1' a- LeSSI er.c pL L _ `edged Or al_enated in a_ y �.4a1 r 4', s e D rs 4- s��4-1 au tom tics_iv be transferred Lo the transferee she iii^r::2rShi �). ,- r dtte 1 o iii _est �E' i red' `O_ _ ;:p�. ro !.ake a prohiDiLe� Lily'_ L; nd ��4' not Ue re L. �r Cli�S_ e 1 S L r ec ped upon Lhe DOG' S %- r Gr Le AS�OCiStiCn ^;e ASsGCi �: Shal I. 1 cave tPa2CCnCS C L i G LC cC0_ Q he r = S e she boG - L C r t':DCn 'rC5 OL t}� A t. -:Gu acv - e e ssoGi ; ..ion Cur aCLiC% or C .�-e Lessee. - - "' t he L-_-.sLerring J Voting Rights All VGti stab _L to t ng ri'ghr sha, 1 De he restric-iG iS nd liniI atior,s ,t` - provided L _L_c1es, �y_a.vs `nd .SsoGiaticn eS. !Zeiiu^rShipe The Associa* -On CSS OL w'GL1i!Q `TIIemba S: S-2_` _c ,- � ;DP oval of Members Unless ---,- -- - - else��;here ca �. Y Sl.On viCed ii. tc C�C_arat_nn - - �r _i., Decla. eDriatYs 6L/bZ/6'nab 9 6L/07./6 • a�T; o� atlT� uioz3 pzDoQ aq� z�q pa T aq eToaa •s�uaulssass� TeToactS - c uOT-;�aS haul s�liaulssass� T S unOU1e Tenba ue _� oax- ag •aouagTsaN goea zo7 uau!SSasSV uizo7 TUO - L: TTegs s�uaulssass� z,.Tnba� '� . •pzeog aqY �q Pa is Tge�sa sp s �'u uT uoT;eTooSSV .aq; nea TTeus gue �u� s TTegs zaq_a; qo2� zeTnbah aqT 7o aoTgou ua��TzM quas aq •gsTTgeqsa: �eul pzeog aq; se Sa�ep ons uo aTge lq pue ze-nba� aq •zaqul;gN goea :pTed anp aq TTegs gau�sass'd L aq o; TUauissassv zeTr.6a� aq� 7o qunoue aq� auTuza�a- 1. • pzeog aqY zeal goe3 's ;uau�ssass� zeTr, air - � ,�oT,oas • sasuadx2 uouiutoS nez; ap e s uo. TOcss� aq� nq pa:.naT o; �TanTsnToXa pasn aq TT 1 T i Te - Z uoT�,oas S uauiSSaSs"rj aq� •sTuauissass� 7C) asoczn� ' StloZT bUT �STXa Iag10 Z�Ue 70 n� t z0? aC' aq ; Sa ?2 SOLI T'" S UaTT Yt1aUISSaSStZ aq; 1buTObaz07 aq- buT�uL'�SC(� L�q • anp sauiooaq �uaurssass� a� - ag aOL'aDTSo goes 7o aaSSa; aqY 70 UO T.TebTTgO TeUOSaaA aqq ag OSTe T LegS pUe a�eui SZ 1,'.13UISSoSS� gonS goea UOTgP�SUTebe S ' apTn0aC GouapISa aq-4 uoan uaTT 6uTnuT�uoo e aq TTeg P aa�7euTazaq S2 l70azaq� LiOTgcaTTcO ?O S Goo 1G(glo pue e 'sab- 'uoazagn a�eT 's?soo nznoo puz saa? ,snauzo�� q •uoT,ezeTOaC �saza uT q�TM zci;=bob `S�uaussass a Z SzuY u -c d Tcozd s2 awl -4 oq aulT, uioa7 pa-oaTToO P�P. pue ' aq °-� S;uauissaSSV qons 'saua�SSa5S� „ on lea o� aazU2 T2T�aCIs pue zeTnDa�, eTOOSSij a4 -s _._---- aap ST aassa7 goeg 's�uau:;sass� 70 Due pau. �ueuanoo o:� " - UcT,e T Tq0 Teuoszad p.e U@17 aq4 3o uoTYea=:) T uoT�oas s�hss�ss ss� �SNdN3L�iI� 'Eo- sN'VLgHAO3 1I1'13:u�1"i •SM21T g aq; UT papTnoza se szaquiaDW 7o abe�uaozad paT7Toaas aq; q paubTs S�uasuoo ua'?zzri (q) •szaqula� aq� 7o s6uT�aaui TeToaas moire SUTT t�YTM eap SM2L aq� 7o suoTsTnozd aq� zo o? T �uensznd paoTgou Pu pal-[1201%np bUTgaaUi e -412aba�uaozaa gaT7Toads aq� 70 �Xozd � q zO uoSzad uT agon aqs, (e) buTMc _T o7 aq � �q paT,ST-es pauiaao aq TTegS UOT4eT3OSSV aq� 3o zac^,od buT;on aqq 70 �4uass2 aeon sazznbaz goTgM _S _CSC _ . L. �S 1, _'.SSe'SSi:,c..�S V'- _ �a s 0 n a e -Ou..t_ `� deter,:,_necby tie Boars cO�_ected a _eS,. —ve ror t..e=1lt1ir_0�i C 1;!a _nte _ ,C� _ e,-aC %cnt OS a ll Or _ Dor t_O n Cr t..c CG1%T,On Other L:rC,oSc as determin', �`the-ii 0!_ tS CO 1lE'C�?� as reserves, WClether pL1- cnt t0 ti1iS Secti0l OtnerW_5e Sra1'_ be deposited by the SO (5 n a Separ tc bal:h aCCOu^t tp be held 1n trust f'Or the purposes iOr Wi1iCh t: ey are CG1lected and are to be segregated _ro1.r a7 not cc Ta 1n `4 th any Other fl:nds 0. the ASSOC1ati0n. Zl-,Ch reserves Sha_1 be deemed' a Contribution t0 the capita_ account Or the 7_,�ssociat rOn by the Member. �.RTiCL= v NONPAYMENT OF ASSESSMENTS SECt101 l - L7e11nQu2nCy nY assessment 0rGV1 ded .Or _n 7-hiS De CIaratlOr, W h i Ch i S net paid it! hen C:ue sna11 Oe 141 On said date (the " eI1nG u, enc'vdate" 1S al_ i Such ASsess:%:n.t is POt paid ten (10) �aYS =ser de__Ver'J C= n c Or such delinQuencv rr0': the ,_-S.00i ati On, a ! are charge a a s t rllshei! Di the E0 shall be levied and the R -s sessment sna11 --ear interest =rG% .1 e e dell lQl enCV date at Ghe rate O' tem p2rC annum.^ne !1-soC_at o ., .. n aj aits opt_Onf a71G W'1Lit0`L t -,'=_'J ,rg the right tO iud1c1 llv -Foreclose its 11en against t..c �csl i=P.Ce Jl rSu_ ani% available remediesr 1? c1'�Ci_r.g, _t'lCllt a-L:_Oh• br_nG_ng an actio': at !a aga1. St ? e,-,,er iue _ Sona! ly Ob1laated to pav tL _ same r and/Or upon Co7,oz; a n c e riiith the notice provisions set forth in the Se -_0n entitled "Notice or lien" or this- T_rtic!E t0 rOr= ,1oS2 h -e _-eel against the Residence. ! = aCt1Cn _s r o-... CeG -here Shall e ad fed -F0 the am, c) OL SuCe' .._7-e`._ t e late charG�`e _nterestr L.'e COSts Or suc?; a C 1. _.1 )n f ..._ U ._ _ mo r lie f S' fees _n L: r r `u' 1n Col:7, e L _ 0 NW! L. lam: l C.. aC 101, . na In the event a u(3g1T,e" t _s out�lned, J'4 -n = -- -i:r sha11 inc11 u d e S3_d late cnarge f interest and rt'r abe _tt0r nev r s :ee f t0aet Gmr with the COS _S 01 acZ _O; Each Me1::berVests In '.i e ASsociat G'1r Or its f_hC rig .t and POW=_ t0 bring all act ions a t law DeaC =.. 9/v%79 7 Rev. 9/24/79 6L/VZ/6 'nasi 8 6L/OZ/6 LO020g TT2gs uoIgea210aQ S UuT g-ao7 has 61-,-rgT u =g _�2aao UGIT due 3o aansojoaaoj auk tj) :ab25�aojll a =o uoTZ ag-4 oq yooCgns aq jjegs zoaaau uoTSTnozd �.ui7 'P e 0 uaTT Aae�ouoiu 2 ou ;0GCgnsJaouapTSGH �U2 z? (q) •anpSaLGOJQ '_SSaSSrZ sons �zue a�2p aq o; ao Tad papaooaa sem gOTgM ebb z0J,j due 3o uaTZ aq; o; ageUTp:jognS aq jT2us sT.Ja' ssass,� go juaur3ed aq� �Q� ��SgUaUjSSaSS,f gO �U3LF2GU0;`t„ ? =TUa ;oa.�[aq ajoT-4aV auq uT ao? papTnoad uaTZ ous (e) >suaT2 abeu�ao;� ggTm dTusuoT�ejah - y UoT�oas -@R-,S auu tT@AUOO pue aou 'aseaT 'pjoq put aaTnbOe 0-4 pue 'ales age ;e ascend Cons aoj pGmoaaoq spuna ao 'spun; uoTgeTSoss-, buTEn 'aouapTsa, aqq uo pTq oqaamod auT anew Maus s uabe pazTaouTne �jnp S -4T gbnoauq 'uoT,�TGoss aq-,'uoTz,2T-',oss� auq go aaMod SUIlOA age Jo I4TaOCeu e70 aTon anT suzTJ7e auq ucdn •mej �q papTno?d ao pa��Tuaad aauu2 aauo !�U2 UT a0 ' �SRaY JO Spaap pU'2 SGS 6-21Gl? UT G12S o SaaM 3o asToaaxa aqT o; a jg2oT jOde ' papuaute aq GLUT; 04 mull uoa; feu saYn;e4s pias se eTLTlOg7Te� go a�e�s age ;o apc TTnTD. au'4 zo gDZ6Z pue 6�Z6Z ';f Z6Z 'O�Z6Z 'g6Z6Z ' iZ6Z SUOT-loaS ?o suoTsTnoad Gu; u4Tm Gouepao302 CIT pa23npUoo aq oY ST anoge a07 papinoad ales uons 1U, pcIaad yep (OC) n;aTg-1 pTeS UTggT^1 uaTZ jo Mle 7(:)aOTyou UT paTzToads sTuau�ed auk a�{eu o- aassa7 age go aanjTe7 :1 -,7 ales Gu -4 a�eiu oa paeog au, nq pGzTaog1n2 uosaGd 1Gu2o .�Ue 30 'UOTa2T3OSSV Gq2 Aq ales Tq paoao?ua aq �2UI UGIT 4uaussass pees •ales aansojoGao� - 8 uoTToas •quelzlejo aqq ;o ssa3pp2 pue aueu aq-; pue 'uaTZ pTeS Zq Paznoas ggGp aq4 q -TM U07-oauuoo uT uoTgoajjoo go sasuadxa pue Saag ,sXauao:4--re aTgeucseaz snTd Ipzeog•agr Fq pagsTTg2gsG s2 asaego G42 -C 2 'uinuue sad (SOT) ;Uaoaad uaT 3o a�2z aq� qz �uaussass� pTedun au,; UO ;SG3G;UT GpnjouT jjegs uoTgA pauTeJO n�unoue au7 '30aaagn aassaq pa;ndaa ao Gass@,: plooaz auq 'aouapTSGE goes nue ;o uoT�dTacsap Te6aj�uaToTz?ns put pooh e a;Toaz gsnu uaTZ �o �uIejc go acT;ou pTeS :�Yuno� ago ?o aapaoca� ;uno� au; go acTJJO au; LIT UOT'eTcosSV aq� �q papaocaa sl poaaau) �Cdoo e pue 'aouapjsa� pTes zo aassaj au; oq 'pTedaad abegsod ao paT�T�aao 'TT211! sa2�s pa�Tun auq UT pagTsodap sT UGIT so U11210 Zo aoT;ou 2 a;ep aur zase sXep (OS) �;aTq; -LT-,Un papTnoad uTaaaq ales 70 .iaMod aqq aapun paaooad oq ao uaTZguauSSGSSV pies asoTcaaoi 04 gg6nolq aq TTegs uclgoe ON •UGT7 Jo GOTgoN Z UOT;oas •squaussasSV ;UanbuTjap gons 3o uoTg0ajjoc aC- 303 saaquiGN 3@q -"o 10 aaqulGx gens 4SUTe5e aansojcaao; uaTZ zo Sect On J - C'Lu -:Q C. rc'au lipCn —e ti!te! v payment Cr (Dthcr S.S CLiCn G . (a) ae r-,uen!- AssasSmentS S'c --_ed in the not_Ce CL �c1. _Tnt (D lien, (b) all Other -.Ssessments w=nich ".!a.ve u`cG:P.e hue aii. _r.�ayable with SeSp2C� to he R sidence as to which such not ce o� claim of 1_en tea✓ _cGOr_er =nG (C '_ntere�-, _rte char GnS, _ttorneV�' c t ~e= c o s t S C_ CC..1eCOn vu=.Sli`n. -G S e �r_O a%d C, e rLOr_Ce CC C1a_P Ci lien whiCit ra`;o CC-ueC ^__? ce_✓ _ham zSsGC_ tiG or ani other DerSvnS she BCarf .�r_ _'�_eC auLhc_iZed tG �.1e Cr reCC_ C as aSe 7, ,. v be , an a=rOOr _ate release of such nG�_,=r uOCn D_vmcn� O _he e_aul�in� LeSSGG OL a �2�F tC be uc r%_nCd .Ov t1 _ '_SSOCiaLiOIi, }JUt not LG enc2?C "i_:y DO_-- -- S . �0) rCr CCv?r Lhe coS LS 0= D_ `Dari C?tc.31 --1- C- r, =f.i^.'Q Sucn release. 7-1 7. - r•, - - _ 7, 7, 71!7F.A. CO!ZTrGJ� =C`_Cn - T`.�✓Orn !T.en.t O' rChitecLura1 COmm_Ltee The 7 ;z1 Cc�,LTi�=ee steal- Co S.L. Oi IiOt i?SS] Lhn1 e :,or ,t,Cr"e C 1 _i ve (5) �OerSOnS GS __?:ed O'1 y r do e = = me ✓ eso� ut' on O_ Lhe Soar T -•__-L �v- the r ight Lo epao_n� the .!-,,embers c. f, --ura -1 CO �imiLt DerSCP.s ap-p0inte(3 by the Ctu_a_ CG%m_tte�=r howtever, mllSt :)e 'ie r - r D"Cvions 7- T, r Cn i eCLu=a1 CCiim, ttee may estaOliS[1 _?c= n=�_�=OCeG'u_a_ r'u_�s an assess a ree _n Connection with __ _� O� p,aMS and spcci_icat_ons _ncluc] Without t'umr OF sets O` plans t0 be submitted; Beacom ? g/20/7. 9 Rev, 9/24/79 scrs 't-rno cota_n an. c_ .G_ _ a cr v✓__ __G _O: Sc'_G Cna-r `e -S as 7, CS aP.y G- Lhe Ve 1C✓ Cr �_G��_-, Ul-l. ��. �"Ol_ LCV Lhe � _C1: hereof _Gr a!- Saic' C. -_ G _ _ _.. _ _CC_ uc _ ✓5c _ c_._ _O _h k, v en -L C_ _ Gr .. .. _... .. lir .. Sect On J - C'Lu -:Q C. rc'au lipCn —e ti!te! v payment Cr (Dthcr S.S CLiCn G . (a) ae r-,uen!- AssasSmentS S'c --_ed in the not_Ce CL �c1. _Tnt (D lien, (b) all Other -.Ssessments w=nich ".!a.ve u`cG:P.e hue aii. _r.�ayable with SeSp2C� to he R sidence as to which such not ce o� claim of 1_en tea✓ _cGOr_er =nG (C '_ntere�-, _rte char GnS, _ttorneV�' c t ~e= c o s t S C_ CC..1eCOn vu=.Sli`n. -G S e �r_O a%d C, e rLOr_Ce CC C1a_P Ci lien whiCit ra`;o CC-ueC ^__? ce_✓ _ham zSsGC_ tiG or ani other DerSvnS she BCarf .�r_ _'�_eC auLhc_iZed tG �.1e Cr reCC_ C as aSe 7, ,. v be , an a=rOOr _ate release of such nG�_,=r uOCn D_vmcn� O _he e_aul�in� LeSSGG OL a �2�F tC be uc r%_nCd .Ov t1 _ '_SSOCiaLiOIi, }JUt not LG enc2?C "i_:y DO_-- -- S . �0) rCr CCv?r Lhe coS LS 0= D_ `Dari C?tc.31 --1- C- r, =f.i^.'Q Sucn release. 7-1 7. - r•, - - _ 7, 7, 71!7F.A. CO!ZTrGJ� =C`_Cn - T`.�✓Orn !T.en.t O' rChitecLura1 COmm_Ltee The 7 ;z1 Cc�,LTi�=ee steal- Co S.L. Oi IiOt i?SS] Lhn1 e :,or ,t,Cr"e C 1 _i ve (5) �OerSOnS GS __?:ed O'1 y r do e = = me ✓ eso� ut' on O_ Lhe Soar T -•__-L �v- the r ight Lo epao_n� the .!-,,embers c. f, --ura -1 CO �imiLt DerSCP.s ap-p0inte(3 by the Ctu_a_ CG%m_tte�=r howtever, mllSt :)e 'ie r - r D"Cvions 7- T, r Cn i eCLu=a1 CCiim, ttee may estaOliS[1 _?c= n=�_�=OCeG'u_a_ r'u_�s an assess a ree _n Connection with __ _� O� p,aMS and spcci_icat_ons _ncluc] Without t'umr OF sets O` plans t0 be submitted; Beacom ? g/20/7. 9 Rev, 9/24/79 6L/ W6 'nad OZ 6L/OZ/6 7,z�: u002ag 'sMeT,�g pue saToT;zv ssT UT pa�ezaurnua sza��od-p`-= �'a +np n agq 04 uOTY1ppe u1 •szaMod sa' pua t Q Tezaua NOII.ViocSSV EHL d0 S2l3A10d QN'd sailno IA H�IOIJIT�z •soot=:o �� �oaas Pu -L, su2Td eons u?ozj pag0n3gsuo0 azn_.arl's 27us Lz �oasap bus zoo zo 'zO;azag� n;TTzgTsuodsaz zo ,,�2TTge?T saunsse ;uez°sToaQ zoo pzeog aq� 'szaqulaj� age 'u0112ZOOSSFj a '-oazaq� szaqurauz ag; 'aaq Tmu:) Tezn,oa�Tgoz� g6u no z dde ayT zag�Tau suOT-420 �zToads pus sue Td dons Fq pus 'saousuTpzo 6utpTTnq put 6uTucz g�TM aOucTTcLrOo zoo zo u6Tsap 6LTzaaLIT6L'a zoo panozdde ou a:12 pus 'L'OTq��OT pie aouez2adde 'u6Tsap zoTza�xa 'aTF�s o; ss aa�Tc� Tezr, oa�Tgozy aq� �q panozdde aq TTegs sucTgeot;tOads pue sus Td •sus Td ?o Tsnoz �i z0? �zTLg2�TLON - liOT10as •,�g6ez6c do; put sazn;onz?s 6uTpunozzns o� uoiYeTaz uT uoTasooT pus u6Tsap Teuza;xa io nucurzsq oT ss aa�� �uc�!e0 Tszn ;oar goz� age fq pa::ozdde pus o� pa �Tugns uaa aq neg goTgM zOaazag4 suoz;e0T?TJvC'1S pua sue Td g-q?M aou2.Tdwoo u? ?daoxa ;uauanozd z zagTo zo azn4on3;s 'aOLaptsag �u2 3o zo�za�xa age 0- ?a6L2g0 zo o� uoT�zppe nue s zoo aq azagT TT2g'��zadozd pazano0 au; uodn zo pa;oaza 'paou=un!oo aq TTegs azngonz,s zo TTeM aoua? '6utpTrr:q zo7uo0 p"s Tenozady oN •sL21d ZO A;iu�- uotTaas •-4oa=za OU aneg TTsgs os op of gduia4gs 1,ue pue 'dery ��anzns uoTSTAipuoizsa�2o uoozag aq; uo uMOgs s-uauiaztnbaz �02g4@S aqq T ,�JipOui 04 aq; MoTT2 0-4 papuauie zo pan34suco aq TTegs saTn-r zO sM2T,�g 'saTOT�z� s,uoTye �oass� age L 30 U07nez�2TOaQ sTg� ut 6uTq�ON (0) •panozdde pauraap aq TT?M suoz ;eOTZToads puz susTd gons 'aa��Tu!'LO� Tezn�oa�zgozK aqY �q pa)2 dcp u(Dass ja!gns gons 6uTpz26az saTn.z due q�TM aouepzooOs uT pa)T?zulgns uaaq aneq awes agq zap e step (OZ) Agz?gq CITq-4TM suoTsoTzzoads pus sue Td gons anozddesTp zo GAC zdde O -T Tezn-oa�TgOzv age Juana age UT (Q) uzul.03 T2zn�Oa�.TgOz� az��.ua aq� �q TenOzddeSTp zo Tenozdde o4 YuaT2ntnba aq TT2gs suoszad gons ,�q suoTge01913ads put SU -21d 3o 12nozdd2szp zo Teno7dd2 aq-4 'uoTge6aTap cans uodn •aagnTuzu100 Tezn�oa�Tgoz`d gons go szaquiaui atom zo auo 04 saqrTTTq!suodsaz MaTraz age ' zanar�oq ue Td s ;T aTs6aTap �2u? aa4;Turu�� Tezn�oa�zgoz� IS S _ _ v app r op - - = l.:e_ G:...�-.SSGC Q otherw-_c ..._ncge -i C On,,On L re ^r lC icy anY anc3 ae_50nai p o0e V G�.i�c� Ciia_ces assess to and Or P _ `..C� bV theC1 nSSGC_S i , Qjv =r e C CO'Li e C'- tee _ea5 i n aUr_i Ina tIie __ c d O`-rci!erlci4r` �QI�C-, O _�ti area aQ� �G rC1 .fzeeiC.S aDrr ,-i _ - = _Lh C c.'erage a Lhe T CL. 10:�! .�.:.`.� __ 4,` rower b =i yd Ll Cr? 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OOiiLllCC Rev. /24 f �/�/8 6L/W6 'nab Z T _ ��oo/p r.� S 2 a �r SOdznd r '-2Toz^vlLL00 SSuTSnqa�Sn aq zuoL. zo i2T?uapTsa� LI•asn Z�pus ao�apTsa a 30 ;zed ON SN0ITSIc,TS32 �S�1 IIIA 3 i�IT`d� 1-- ,-, ,-,u.LIt azo�saz zo pao2�daz �� •say?TZT?n o.LTgnd Mons Iq p _ �Zzadozd aza saT'� TZT0a3 eons rt2: ossa TuaAuoo ,{ons oT�2 uaLj? 30 �z8SSa0aU az2 S2 SdaTs ` 'zanaMog •saT�TZT�n oTZgnd eons 2az7i TM a�2ooT az2 L?oTLIM sa ;tZT�P, o �qnd zo uT s2uatuas2a L.TLi? p a_uT2'�r o= saT�TZTop? punozbzapun aLj� azo�saz zo ao2�daz au? a?2STTQo zo azTnbaz Z�2us uTa�dU• pay Ta=,uOo UOT,2TOOSSV _ C LvT�oas Sulu�}ON 'SazTTjT�jl oTjgnd go aou2ua uT2>I a LoT z,d s T Lj� �o suoTsT Aozd GLI; ?TM GouepzOoo2 uT 6uTdaospua� pzp� uoTpuoo TT anT�7LI; uT Lt2 U-CetE a)7 -e 1 u2 LLL'=',SUT (q) u p-. Qu2 ons _o oot put :zT2daz put uoT?Tpuoo poop uT aouapTsa L"{ J S20u2; 'sZZ2M aL�? ' uGT�t3?TllIT Tnou?TM buTpnZou ' aoupTsaZ STL� go 701Za?xa aua 70 SUOLz�CC1 LrT2,uT2lL T papT A0ic aq ^.�"U S2 �2C�5 aasSa,: hzana 't:�OT?2 z2 �OaQ S U r uTD S LTOT�2TOOSS' aLiY zT2daz put UT2�.uT2t11 0; pa�abTTgo aq T LI 4UT.j .2,.PU2 l T2uG''• 7 uOT-CGS s2 ?daox� •aassal q 'az)ueUG •SaaSSa�T z2 �noT?zed 1�q a-[qe�'e S2 paT3Toads uTazaL� aSTM.7Gq;C s2 ?daoxa 'uoT oas sTL�? ;o sYsoo au? O? Tu2nsznd ap21u zT2daz put aouzua�uTars �Cu2 uoT?2Toass� aL�? 7o spunz T2zaua5 aL�? po Tno �.2d (o) 'sza tua a �o zarnod SUTIOA Gq; ;o �?T zoceuLr 2 zo quasuoo q u �q na�sanbaz aq atLrTq o2 at�rT2 tuoz? �euz ua;gTZM z0 a�OA aUq auod S2 a�n?2u zanaos?2C(M �o s?ut�oo oT?au?sap zo saoTAzas ?uaLudTnba 'saTYTITop3 zaLl-o ZTp uT2?uTpE(q) '2a3v uouiu?OD aq? o; S?Uaujanozdul7 Fz2ssaoau a?j2tli. put a02Ida z ' aIO;Sa ' zT2daz ' UT2�LIT21i (2 ) :0-) 'au? an2L� IT2gS uOTT2Tooss� aLj,T, •uoT?2Tooss� tiq a0u2ua;UT2W pup 3T2aa'd - Z uoT�oaS dON�IN3TNI�'�I QN'� �IHd3d IIA a'IOIIh!V S I C 7v . _- =-s sQ_e C -_C - ''fu_ScnCc FO n0 Cr v%` `b= ei�^.�Or s00^LJe _ _ i Or i :lhi�:_ ct -n ii`v- C let en C C Zt CL ..`;C:-`O'_L�sSe2S O= �_ R. es iae:i'cC e ci .S _ es_ ��. t_ r- �ecton f n_;r,- }i a a l ' IS \O ;!; 1S r 1 i VeStOCk Gr t'O 1 �rlr G ;:i_ --Y k nd s':�al be 7— sed, bred or kept uPOn e t _ � ' � the Cov red "�'C�'-- L_ eX--- t uric S L _� � �� t dog cats or other house :old � els e Kep- O tt 'eS_denCeSr prnJl'deC tp are a_.. they Gt kept, bre Or i .. L i Ped for anV' Co'-"ne 7 u t _ C c� i�isr�Cse r Q?' in. _ersu u _ sonabie -y the DOard. OtW__ C: 11 0 . the ?esicen=Sz w'ch in the good _alt ;1d7TC,� _ selected y the Board _v y rT'CSe,-�S111t 1P anV annG_JanCe Crare oJ^ ^ �er? _ _tCu t0 Ce Kept by th_S^Sect-Ci- Sia �e_};o^' yG _ec•5.. r.._.. V,! Q - pOrt_On' Or the ^ `r ' ~` Q_ .. `� _ Co ec', prover t� e"Cc th 1�_. .1Cnce _ c. _ bt"CL_� __ _1=Or-!_u -v eh c CGa- _.. C �,oc� a;:a en_Grce a! c s `^-i - ---c �Cla V2 11Ci e Code SeCt_OvS' O citTDr1 vale �rec_� ✓ _t _n th^ C GVcreC=Cperty _K77CL.�.. T`; RIGHTS Or ENJOYME'v-- _ !_ T;be-S _Ght Cr=.n�G?'fie:it ve_ry ,few mor oneXCl�SlVe easement for '1S and enjoVli,ent = Co -:Ton urea and such _ i ght shall be a' sr n' the i nter�St reQ' _rGd� ton� nt I.e S Ccr ,. tG e a _ - - sir _ er � Lte i Bence , subject t0 all o f ti:e tS r OOnC t1on� reStr' cons ions c'_PC1 O pr ther s contained in this Declaration including, K'l thc`t _ ri talion, the fo1'_o�,�' ng Dro�ri Sions Beacon c /20,''. 1? rev 9/24/79 6L/�Z/o• nab �iT 6L/OZ/6 ,_� UOJLag nuaussassw o� Yoadsaz q�T�i •;uaua0zo7ua eons ay2�z�pun O: �L{6Tz aq� anLq T12Lj5 6UT2u22 s SLC.( asTM3aU{O 0q aSS �L'P as23 CtJTgh1 UT `�Ual1Ic70i07uv Bons a;engoa77a O; L Tq Un ST zo sasn7az uoT�2TJoss�s aq� SsaTUn 7oazaLt? �uaua0z7 i= aq� os g6Tz anTSnloxa aq? an2q TT2gs LoT��TOo s LA L'OT�2TOOSS pU2 T03n?UOO TL�n�Oa�TUOze 0-u�T' 'O�azagY Sluall OL'alll2 �U2 pU2 SM21i�g z0 Sa TOT �� i' Gua ?O SUOTSTnozd aq; n�inba UT :lo mel ;L S6uTpaaOozd :.e ao�ozua o� gtgSTz au; an2q OST2 TT2gS aassa-I due zo u0T_PTJoss� aur, •uo: �2loTn gaps :107 sang zaq ;o :10 sa6LuCp zanooaz O; �g5tz`agY pU2 SUOT�2n�aS2Z aO 'S-UeUat100 `SUvT�TpUOO `SUOT�OTz�Saz UOnS 70 UOTYeTOTA aq� ;uanazd O4a�?'+ 6uTpnTJUT 'O�.azaUI ;uaupuau2 �U2 ZO uoT�2ze[0 s q� 70 SuoTs ,noad Gq �q paSOCMT -a-472a3aq a0 MOu 'SUOT 2naaS -T pU2 S-4U2Ua.�0O `SUOT1TpU0O 'SLOT OTa"}SaI TT2 ` T Vi=a uZ zo �`�zT Ye s6uTpaaOozd �q aozo7ua 0z 4bTz aU� an=J Tegs `aaSSarT t=U2 a0 'UOTI,2TOOSSFj oCti`T, *')U@ Ia0Z07U_ - T UOT=?O's S�iOISI!10�d 1�?1�13`J • aOUapTSa�j STU 70 nUaUJUOpU2g2 aU; �O 'L'az'y' UOLIllOD aq ?0 �uali,�oCL1a pU2 cSn, aU� 70 zanT2M [�q saTn UOT�2 TOOSSr� pUe SMeT�� ' Sa TOT�z� aqa ' UOT:I —e aQ sTUa o SuoTSTnozd zag4o pU2 Sa6zegz) 'suaTT at{� uo=7 uTq Aq pauMo aouapTsae aq; as2aTaz zo 'uoT�PTOoss� eTq; nq paTnaZ nTnp sauaussasse zo7 �;TTTg2TT T2uoszad LTOz7 zTasuTq �cuaxa 1�2ur zaquau o� asn 7o zanT2M £ uoT�oaS •suoTleTn6a-7 put sMeZ TedToTunu a -rLq•eoTTdde TTP 0,4 uz07uoo goTgM S;Tun 5U ITTaMp aT2z2das UT aOuapTsaN aq� uo apTsaz YuPuaY aq4 pu2 aq ggoq ssaTun s�g6Tz pt2s o� paT�zYua aq Tou TT2Ljs aassaZ pies 's�u2ua� S -TU oq TuauT,�oCua So S;Lq6 Tz pz2S Sa;269Tap as dope P se 6uoT os zo? pu2 quana au; uI 'pz2og aqq �q P Suot12Tnbaz pu2 saTna auT 0-. TOGCgns 'S4san6 s7q o� :10 ' aouapisa� STq UO apTsaz oUM• S;u2uan? STLq zo T Ture7 sT v 70 s2az uouuTo� aqT o; �uau�o Cua 30 -,L{5 T z si q szagt~.au aL�� o� � a�2baTap �C2uT zaqua �LI� • aSn 70 uo ?e aTaC� - Z u0t-4oas • eazv uou„ao aq-4 7o asn a4� o-. 6uYUT2�zad suoT�2Tn6az pu2 saTnz aTg2uos2az L�sTTg2�sa oq 7o gg5T3 aus (q) •dT gszaq au 307 pazTnbaz aOuapTsa� 2 UT ;Saza;uT auk 7o uoTTzod e SUTUMO anq 'aouapTsaE 2 7o uoTSSaSSOd UT ;ou SUOS7ad nq 2eaV uouuo� aq� 3o asn aqY gTuTT opuL szaquiaW 7o s-sanb 70 zaqunu aqq "TUTT o. uoT;etooss,i aqq 7o gg6Tz ._JS'C ^ue'd_eS OSCc --,a Cr `cSSCCS under _S 2Cl ar' .._ are Crl l '�� anC .. n0 One 0.the Zl Shall be exclusive O` any, othe- , andnLDecldra• � :t 1 LC SSOClaL_On, and Li;� �essec- sna__ ha' t r17: L �O pursueanv one Or ll C. SUC: _ ihLS, OpLiOnS a..J reli:ed_eS Or any orn,er re M, e. Or re i c^L which may be }`�-r04'i ded by 1a4,', whet" -?e_- or not Stated _i t..is�e larat_On Sectio - �e"'er ab I i -� y -%all _O C` a%`v One Or a Porton 0= L h - Se ccvenan,LS, CCr1Q_L1C',S 0r _eSLr_C e..o. Col!_t ., rC__ sh=l_ 1n n0 ..a a_f f LeC'_ i1 Y' cL-* Or 0V-S10nS `I1 _e!i:__ , _.. _u-= _„rce ani CCL JeCL - ^Ve` 1 S C,� i1, k : r_, 7e :: r_ T o i.. rill '-n Cove%.=... , COnd_L10nS a rest _CLIC' Or his D_=c1 crai L on Shall _'.1n W_th, %?-?Q D_%C the COVerad ?rcoer V and shall _nur e to L h benOi: e_1L _ cQ Abe en_Orce) a -,- e b1' the a__o:-� oy L=_Sse-r th= -- reSDeCL�v� l`C`l re�DreSenta' V S, heirs, Successors and aSSiGnS, LOr a terTt CL Lr; en LlY _ %11 ears Oell L..LC Lh 1S T _e–j _S recorded , aa t w` _C h Li ii e Sa_d COVe„a%LS, COnd' and r2:Lr_CtiOns 7at_cal'y extended GL LO t for cCeSSi der? OC_ 0. Le ^ (_0; _years r yuP, SS an nSLr'?-:eni. ..iGL1ed b_ the JeClar? nL n u c M, L L:h` L :u 7 eSSeeS has been recorded at le_.CL One (1) _}%car prior t0 the enc c'_ a ,% suc'h pe_ iGd, ayreeina tG ranee said CC', ants, co':d___Ons and rest - ictior'.S _il or in D? r L . Se^`1C - r'Cculr'G. ^e '`._L10 and SeCt=Cn 'headlnQS have be=:. i nSL_ teC =0r ccnve-:1_nC? only, and shall no”to COnSed or re=er_ eC LO i n _ ,SOI:'inQ (7,u2St10nS or i nt2 L _ _LEt1Cn Cr C0n,Str'uCL=on< Sect c; - Cii ir,c'.iceE,W er,ever `-ne COn�E7, _ CF rti1S a'eC- - L-IOn reClU rest' sai;ie, the sinQuia_ shall Incl_ -de the dural and the Tasculine shall inc 1 ud� the 14e7.1'.ii1e and the neuter. Beacon �_a'7 I ZI - , � rev . 9/24/79 6L/�Z%6 'nab 9T 6L/0Z/6 r uooeag LTeus ueuanoo LPuoszad gans 'saassai zaq�o zo _uezeLoa(r pue aouapTsa� dans 70 aassa� ag; uaaMgaq=ue::anoo Zeuoszad e sGg2azO aaua0Tsaj 2 zo aauenanu00 zo aa_e�caoa2 aqq;uaqxa auk oj� -gUeuano:) TeuOS3@cl — TT uo?.�Oas •o�azag� aTq�oTTdd2 suoT�PLn6az pue saou2uTpzo 'sMeT oTTgnd gYTM S:�07S74%0zd asagq 7o nue 7o a3u2TTdaco aq; o-4 se zo 'uo'�2z2LaaQ sTq� 7o uoTqzod nue zo TTP 7o n-TTTgeaazo7ua zo Taa77a SuTpuIq aqq o-) s2 paTTdutT zo Ssazdxa 'suo-L 2 asazdas zo=saT�u2zz2M ou sa�{euc qu2z2ToaG pue UOT427210aQ sTt�� o� sTe�caa� age uT q�zo7 Tas sasodznci age zO7 apPu sT uoT�ez2LaaQ sTgy •uoT�2z2LaaQ 70 Iaa77� - OT uoT�CGS •oanTaoaz FLT2nYO2 aze SaaTaOU gons ;ou 30 zaq;aqM '5UTLTeu gons 7o scold anTsnTouoa pauaap aq TTegs 'uoT;eTaoss� aqq 7o spzooaz auq UO uMOgs sassazpp2 zo ssazppe aq� oY 's Taq'�ar�i TT2 02 zO 'saassaq zo aassai nue oT PaTTeu? uaaq seg aOT�ou 2 nznCzad 7o n�L2u.ad zapun ST_ Loap uoT�2Taoss� aq; 70 �ua52 pazTzogTne so zaaT77o U127o ;Tn2pT77e •ssaUTsnq 70 a321d L2dTaUTzd S T 70 ssazppe aq; z0 u0. L oossV aqnq pagsTUzn7 ssazppe age o� 'pTedazd aSP-Isod 'LTeu sa�e�s paYTUn ss2To Tsz17 ag; UT paa2Ld uagM pazanTTap nTzadozd uaaq anew o� pauzaap aq TTaus uoT,eTooss G(4)oa aoT;oN (q) •saassaq-oa gons TT2 UO nzanTTap pauaap aq TTegs pue saassaq-00 T -Ce 7o 7L2gaq uo saassa7 -oo age 70 auo nun o� quaS zo pazanTZap aq n2u @017OU uanS nUe saass@7-00 7o aseo au; UI •TTsodaP gons za772 szroq (8�) ?gSTa-n�zo7 pazanTZap pauaap aq TTegs nn?C} aqt uTgqTM TTeu agY UT paglsodap os aaT-4ou nus,aassal eons 70 -ssazppe gaaz-as aq; Oq Uaq; ' pagsTuzn7 uaaq aneg TTegs ssazppe gons cu 7T zo 'aoZgOU SUTnTS 70 aSod3nd a4� 107 uoTYPTOOSSrj aqn on Sul;TZM UT aassa1 gons nq pagsTuzn7 ssazppe IUaaaz 4sOui aqq o; 'pT2dazd a524Sod `TTeu sa 2Tg pa�TuP SS2Ta IS377 aqq UT paOeTd 10 'aOuapTsa�; s,aassa� aq Oq pazanTTap UagM pazanTZap nZzad.ozd uaaq aneq Oq pauaap aq TT2gs aassa7 e o_ aoTgCL (2) :sMOTTo7 se pazanTZap aq nein pue SUT4TZM aq TTegs zapunazaq uanTS aq Oq aot?ou nuV •saOTION 6 UOTtaas •;Tns gons 7o s;sOa pue saa7 ,snauzo��e aTgeuos2az ',uauzSpnC agT 70 zed se oTazauY n�zed zag�o age uoz7 zanoaaz o; paT�T?ua aq TTeq� UOT-ae gans UT SUTLT2nazd n-4ze6 ag; 'UOT;2z2L3aQ STq-4 uT pauT2�uoo suoTsTnozd aq; 7o nue aozo7ua O; pain-TasuT sT uOT;02 -Iuana aqq uI •saa� ,Sl,auzo���I g uoT�Oag C,_ ...._� 1 - .. C ._ M }'F plf he s s -r. ger G'r t[�..j `l _ _ �lr a' G:t _Gr � aCQla CJC C'_ NrC'J C. G1 .. 1:l12'Q o1 - _1_'_ - CGcou ,� G u C2C=S_v? f apDrC'1,a1 C= Q1sa�'p-� a! O- 1� - a; s Cr �2C__1Cati is whether C= n,o- Q2L2Ct1ve COU_ Se G= i on C� r OM ssion error t ne.ce - lc? / Cr Lh2 ; ' y^ Q n gI�:e ,�C _ GC.3 1tC wlthlr, wh1Ch Such Doard, ccnun _ttee's or rsOI7s reasonably believeC] LO be the SCODe of the_r 'u X125. ?Qreemi en - For t_ne SL'-� eas_no s1Q=%... (i`?ere_n, a: Ler 1� L,`1'_ . S�.. t_O^ re=erre'` t as a i'!ease snail_ DrC,74 a� c t s'_'ch lease shall be 5 -ac= _.! a_`cDe-:s t0„thOr 0V siGn5 C= ti ? D 1 r_ at_G` �hC T r L_ cl ?S -c~' he 1? s -,l s a C '_SSCC1 t10 u' -2S. �i;_a' ie -=se Shad e L _ =L' C2_ LO .7 tP_? ter S G: the � Grp C_ `!C G�OCU,T"—e is s)--a_i 1=: _ _t `_'- f,e the 1 ease, ''I_ i 1 ases Sha" 11 Lc 72s who shall ease Residence sha-1_ ,�1 2 7- e C G' r� j j l e r - _ D iC aSS ir_7, comm” i ance pV Such �eSsee t s _=Ss_: r_th th_� Dela: _ or e �SSO'C_`.t_G� � �j 7112'Q =r - 'D e c t to the OT__-�-- C''= th ? S ✓=C_ L atiG;! E-:^, I J2S' u2 am 2a „f a S _)1 77;e C lLG: l2 ._t: Cl 1er2 _..tCovera mit forMaintenance i.SSesS-en-`Jn Ass;-SS1!e tS r n:.ch LecturaI r0 7. �eDa__ a -,r ca mten, ar:C- r, Cr C'= t_._S 4 O7, SC!all wr=tteTI aDDrcval C- Gt 'ems t a, t -'i12 t Or i;GQi_1Cct_OTl O a_t1C_2 _1 sub _raC_aDi` 1- a 'C`J` �h__i CT:1 _:ii Ci �. v� �'G t Gr ,� _ Lt21. a`'Dr Vv�.; �Jr _ttC 2_S as 1 Rev. 9/24/7701 6£/ W6 `&a2 83 6£/03/6 . 3=g u0aea2 ZQu;o&a9 /&J2 §2302 O3 SS 22-303£3? ):QIJ Z&;\ :Z2 uel;2=o£=cS 253}a3=oG ge=aa=3§2 ? 22�22 z30��7G 20 ZZI2 'ua&&I=X Gwogg ula=ag ;2227 =2a3 p=2 Z2g a§& &eQEn3Sul S}R& Eaio2ax\ s@\ i22J23Sgg `2023 @ SSS§ZIM §I `Qo!&2l�>Osse aR& Jo aaxo£ SQ!&03 aR& 770 a52;=QS=Q3 QUIPS @§& 2225 SSQI &ou 70 gUaSS2 ea&&I=x =o @ZO& @3!&ee337J2 2g& Ri3M 3250 2age@Eg @g ueo uoISTAo=3 gl2S !ague uaX2J ag o& UOI-02 ;og uoI&2locss3 GR}7G =@ao3 EuTaOA agi go G --I GI&3 gaT}Io@£S 2'go'22zo=££2 a\& .S@=ƒo5a= Ziss@=3«Q §=I§x SQIn3 Qo}igla0sse Jo 2x2333 IS@322&=Y a§3 =c 1Lic-L J2 loan s!q& 70 Qo}S}zo:3 Zug 'Su}cSaJo; aR} 6uTPuggSu4Tm&eK (@) 'uo!&2322=G2 S3R& JO quGEpuQ29 UP a&@o&Sa}}a o& »Q=IE5@3 @g &ou II2R® SJ@REaW G§& go sa=o&2u5:s @a2:=29ou a\z 'Z;uEo2 a77 &c SP300as 12:01770 aRi QI'2a2Jo\aJ ug\x Pug '@@@16oJ3 Q3og2u/@JaR uojg2oT7T&c se Daae=£\2 uQaq S2§ E =c `ua2geaG@ Q§& &e§a 3;lazzz II2§s oRx Qo!&@}2os\e aQa 70 �=2&a3oaS gut auagT°°J£ a\9 Kg Eaio2ax@ uG§x aATIOGJjG Gg II2§S EaglzoJ3 n to cz_ �.:. _ ... _ .. . a , ... C C C ri ., .. ,4 _ : C l: �-- i.. o r p t h C _ s is C �-? iJ :J _ ~'v ` .... 1 C''"1 BEaCO!". /24/� I" ::� 1n n� 7 CJ N > H O N o '> =� Z °x H c z H° H C!1 ' NNr--�--i---, CUTi c R ROAD LOT A 721:1 - { mr--• I; li �1 �I ,I ,II I I Y oR. cPE c^vE) LO I 6 II WAG.<r% _ t I �. — '---I---J! v' t; N i I I _ i t p l i•� i I i © i I' rr ' w I U) n ` 1 o " � w Od S'� iL n � � m � r t 1 < ;Z<CaSA7-10NA ccr ::� 1n n� 7 CJ N > H O N o '> =� Z °x H c z H° H C!1 ' NNr--�--i---, CUTi c R ROAD LOT A 721:1 - { mr--• I; li �1 �I ,I ,II I I Y oR. cPE c^vE) LO I 6 II WAG.<r% _ t I �. — '---I---J! v' t; N i I I _ i t p l i•� i I i © i I' rr ' w I %✓ALXNAY (rol,.SaEL7.RcovE) LOT D 1 m rya C ROAD LOT iL I %✓ALXNAY (rol,.SaEL7.RcovE) LOT D 1 m rya - C Z K LI G G n n n n - n n - - n - n ti G n X 1 - n n N N n N N N .•, n � �, ,. r x [ [ [ r x - - 0 m v v p N i U i SabPG Z �� Z I- r