189 California Court, Mission Viejo, CA

Parcel 1: Unit 116, as shown and described in the Condominium Plan recorded March 8, 1993 as Instrument No. 93-0155976 of Official Records of Orange County, California ("Condominium Plan"). Parcel 2: A One/Thirty-Second (1/32) undivided fractional fee interest in and to all of the Real Property, described as Lot 5 of Tract No. 14732, as shown on a Map recorded in Book 695, Pages 31, 32 and 33 of Miscellaneous Maps, Records of Orange County, California. Excepting therefrom all of the units as shown on the Condominium Plan. Also excepting therefrom all minerals, oil, gas, petroleum, other hydrocarbon substances and all underground water in or under or which May be produced from the property which underlies a plane parallel to and 500 feet below the present surface of the property for the purpose of prospecting for, the exploration, development, production, extraction and taking of said minerals, oil, gas, petroleum, other hydrocarbon substances and water from the property by means of mines, wells, derricks or other equipment from surface locations on adjoining or neighboring land or lying outside of the property, it being understood that the owner of such minerals, oil, gas, petroleum, other hydrocarbon substances and water, as set forth above, shall have no right to enter upon the property or any portion thereof above said plane parallel to and 500 feet below the present surface of the property for any purpose whatsoever, as reserved by Mission Viejo Company in a Deed recorded June 30, 1992 as Instrument No. 92-441805 of Official Records. Also excepting therefrom all water and water rights included within and underlying said land, as dedicated to the Santa Margarita Water District on the Map of said tract. Parcel 3: An exclusive easement appurtenant to Parcels 1 and 2 described above, for patio area, exterior stairways and air conditioning pad purposes, as applicable, as more particularly described in the "Notice of Annexation for Phase 5 of California Court" recorded March 8, 1993 as Instrument No. 93-0155975 of Official Records of Orange County, California ("Notice of Annexation") and shown in the Condominium Plan. Parcel 4: A non-exclusive easement appurtenant to Parcels 1 and 2 described above, for ingress, egress, use and enjoyment on, over and across all portions of the Common Area of Lot 5 of said Tract No. 14732 and the Association Property, if any, within the "Project", as defined in the Declaration of Covenants, Conditions and Restrictions, and reservation of easements for California Court recorded February 11, 1993 as Instrument No. 93-0091875 of Official Records of Orange County, California ("Declaration"), which are not described in the notice of annexation and shown in the Condominium Plan as exclusive use Common Area, and across all portions of any Common Area and Association Property, if any, subsequently annexed into the project which is not described in the notice of annexation and/or shown in the Condominium Plan as exclusive use Common Area.

Trust agreement: Fabrica US Trust v3.5