154-17-020 0 plat book page block lot(s) subdivision ...the north half of the west half of the west...

Printed: 04/18/2010 9:45:58 AM UMST Tax Search Order: CT1015926Searched: 04/09/2010 10:56:00 AM Maricopa, Arizona Co: Chicago Title

Assessor's Parcel 154-17-020 0 Dept: 2160-PHOENIX OPS CRN: 0002100060Tax Year: 2009 TO: 01

Printed By: c.kerkhoff Payment as of: 03/27/2010 Created By: c.kerkhoff

APN: 154-17-020 0Plat Book Page Block Lot(s) Subdivision Section Township Range QQ Acres

24 2N 2EDescribed As: FRUITLAND AC PT LOT 5 N2 W2 W2 LOT/SECTION: 5 BLOCK/TOWNSHIP: 2N TRACT/RANGE: 2EAddress: 2417 W CAMPBELL AVE PHOENIX 85015City:Billing Address: 655 BAKER ST BB203 COSTA MESA, CA 92626Assessed Owner(s): BROWN, DAVID G; BROWN, LAURA ESearch As: Lot 5 Map 22/28

APN Arb 154-17 Parcel 20Sec 24 T 2N R 2E

Use Code: 0357

APARTMENTS 5 -24 UNITS 3 OR MORE STOR

Region Code:Flood Zone:Zoning Code:

School DistrictsElem: ALHAMBRA #68High: PHOENIX

Primary SecondaryLand AV: 90,245.00 22,710.00Imp. AV: 90,840.00Land FCV: 902,448.00 227,100.00Imp. FCV: 908,400.00Exemptions:Tax Rate: 7.6999 % 4.8345 %

Tax Rate Area: 681300

Conveyance Date: 10/20/2008Conveying Instrument: 080900009

Square FootageLand: 1Improvements:

Tax Defaulted:Total Tax: 12,438.36

Installment Amount Penalty Due Date Status Payment Date Balance1st 6,219.18 0.00 11/01/2009 PAID 10/31/2009 0.002nd 6,219.18 0.00 05/01/2010 PAID 03/12/2010 0.00

0.00

Due Thru 5/2010 Due Thru 6/2010 Due Thru 7/2010$0.00 $0.00 $0.00

Imp Dist Back Taxes0 0

Open OrdersCompany Department Title Unit Order No. Date CreatedChicago Title 2160-PHOENIX OPS 01 CT0912486 01/04/2010

THIS INFORMATION IS PROVIDED FOR CUSTOMER SERVICE PURPOSES ONLY. PROPERTY INSIGHT DOES NOT WARRANT, NOR GUARANTEE THE ACCURACY NOR COMPLETENESS OF THE INFORMATION SHOWN ON THIS

REPORT

*** END OF REPORT ***

Page 1 of 1

FDAZ0243.rdw ALTA Commitment - 2006

CHICAGO TITLE INSURANCE COMPANY

Title No.: CT1015926

COMMITMENT FOR TITLE INSURANCEIssued by

Chicago Title Insurance Company

Chicago Title Insurance Company ("Company"), for a valuable consideration, commits to issue its policy or policies of title insurance, as identified in Schedule A, in favor of the Proposed Insured named in Schedule A, as owner or mortgagee of the estate or interest in the land described or referred to in Schedule A, upon payment of the premiums and charges and compliance with the Requirements; all subject to the provisions of Schedules A and B and to the Conditions of this Commitment.

This Commitment shall be effective only when the identity of the Proposed Insured and the amount of the policy or policiescommitted for have been inserted in Schedule A by the Company.

All liability and obligation under this Commitment shall cease and terminate 6 months after the Effective Date or when the policy or policies committed for shall issue, whichever first occurs, provided that the failure to issue the policy or policies is not the fault of the Company.

The Company will provide a sample of the policy form upon request.

IN WITNESS WHEREOF, CHICAGO TITLE INSURANCE COMPANY has caused its corporate name and seal to be affixed by its duly authorized officers on the date shown in Schedule A.

Countersigned



CHICAGO TITLE INSURANCE COMPANY2555 E. Camelback Rd., # 500

Phoenix, AZ 85016

SCHEDULE ATitle Officer: Don BergevinEscrow Officer: DeWayne HuffmanEscrow No.: CT1015926-CT2946

1. Effective date: April 1, 2010 at 07:30 AM

2. Policy or Policies to be issued: Amount(a) Owner's Policy ( ALTA Standard Coverage Owner's Policy (06/17/2006) ) $ 399,000.00

Proposed Insured:To Come

(b) Loan Policy ( ALTA Loan Policy (06/17/2006) )Proposed Insured:, its successors and/or assigns as their respective interests may appear.

3. The estate or interest in the land described or referred to in this Commitment is:A Fee

4. Title to the estate or interest in the land is at the Effective Date vested in:Creative Commercial Investments, LLC, a Nevada limited liability company

5. The land referred to in the Commitment is described as follows:SEE EXHIBIT "ONE" ATTACHED HERETO AND MADE A PART HEREOF



CHICAGO TITLE INSURANCE COMPANYLEGAL DESCRIPTION

EXHIBIT "ONE"

THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF MARICOPA, STATE OF ARIZONA AND IS DESCRIBED AS FOLLOWS:

The North half of the West half of the West half of Lot 5, FRUITLAND ACRES, according to Book 22 of Maps, page 28 records of Maricopa county, Arizona



CHICAGO TITLE INSURANCE COMPANYSCHEDULE B - SECTION I

REQUIREMENTS

1. Pay the agreed amounts for the interest in the Land and/or the mortgage to be insured.

2. Pay us the premiums, fees and charges for the policy.

3. Documents satisfactory to us creating the interest in the Land and/or the mortgage to be insured must be signed, delivered and recorded.

4. You must tell us in writing the name of anyone not referred to in this commitment who will get an interest inthe Land or who will make a loan on the Land. We may then make additional requirements or exceptions.

5. Furnish satisfactory evidence to the company that all regular and special assessments levied by Salt River Project Agricultural Improvement and Power District which are now due and payable are paid.

6. Please be advised that our search did not disclose any open Deeds of Trust of record. If you should have knowledge of any outstanding obligation, please contact the Title Department immediately for further review prior to closing.

7. The Company will require the following documents for review prior to the issuance of any title assurance predicated upon a conveyance or encumbrance from the entity named below.

Limited Liability Company: Creative Commercial Investments, LLC, a Nevada limited liability company

a) A copy of its operating agreement, if any, and any and all amendments, supplements and/or modifications thereto, certified by the appropriate manager or member.

b) If a domestic Limited Liability Company, a copy of its Articles of Organization and all amendments thereto with the appropriate filing stamps.

c) If the Limited Liability Company is member-managed a full and complete current list of members certified by the appropriate manager or member.

d) If the Limited Liability Company was formed in a foreign jurisdiction, evidence, satisfactory to the Company, that it was validly formed, is in good standing and authorized to do business in the state of origin.

e) If less than all members, or managers, as appropriate, will be executing the closing documents, furnish evidence of the authority of those signing.

The Company reserves the right to add additional items or make further requirements after review of the requested documentation.

8. Note: The name(s) of the proposed insured(s) furnished with this application for title insurance is/are:

No names were furnished with the application. Please provide the name(s) of the buyers as soon as possible.


SCHEDULE B - SECTION I(Continued)


9. Furnish for recordation a deed as set forth below:

Type of deed: Warranty DeedGrantor(s): Creative Commercial Investments, LLC, a Nevada limited liability companyGrantee(s): To Come

10. Tax Note:

Year: 2009Tax Parcel No: 154-17-020 0First Installment Amount: $6,219.18Second Installment Amount: $6,219.18

11. Note: Pursuant to Arizona Revised Statutes 11-480, effective January 1, 1991, the County Recorder may not accept documents for recording that do not comply with the following:

(a) Print must be ten-point type or larger.

(b) Margins of at least one-half inch along all sides, including top and bottom, except the top of the first page which must be at least two inches for recording and return address information. The margin must be clear of all information including but not limited to, notaries, signatures, page numbers.

(c) Each instrument shall be no larger than 8 - 1/2 inches in width and 14 inches in length.

12. Note: Any documents being executed in conjunction with this transaction must be signed in the presence of an authorized Company employee, an authorized employee of an agent, an authorized employee of the insured lender, or by using Bancserv or other approved third-party service. If the above requirement cannot be met, please call the Company at the number provided in this report.

13. Note: The policy of title insurance will include an arbitration provision. The Company or the insured maydemand arbitration. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the insured arising out of or relating to this policy, any service of the Company in connection with its issuance or the breach of a policy provision or other obligation. Please ask your escrow or title officer for a sample copy of the policy to be issued if you wish to review the arbitration provisions and any other provisions pertaining to your Title Insurance coverage.

END OF SCHEDULE B - SECTION I



CHICAGO TITLE INSURANCE COMPANYSCHEDULE B - SECTION II

EXCEPTIONS

Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company:

1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the Effective Date but prior to the date the Proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment.

2. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the records of such agency or by the public records.

3. Any rights, interests or claims, which are not shown by the public records but which could be ascertained by an inspection of the Land or which may be asserted by persons in possession thereof.

4. Easements, liens or encumbrances, or claims thereof, which are not shown by the public records.

5. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other matters which a correct survey would disclose and which are not shown by the public records.

6. (a) Unpatented mining claims: (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under (a), (b) or ( c) are shown in the public records.

7. Property taxes, which are a lien not yet due and payable, including any assessments collected with taxes tobe levied for the year 2010.

8. The liabilities and obligations imposed upon said Land by reason of: (a) inclusion thereof within the boundaries of the Salt River Project Agricultural Improvement and Power District; (b) membership of the owner thereof in the Salt River Valley Water Users’ Association, an Arizona corporation and (c) the terms of any Water Right Application made under the reclamation laws of the United States for the purposes of obtaining water rights for said Land.

9. Easements, covenants, conditions and restrictions as set forth on the recorded plat of said subdivision.

10. An instrument entitled Waiver of Claims for Diminution in Value of Property Under Proposition 207Recording Date: December 13, 2007Recording No: 2007-1308389

Reference is hereby made to said document for full particulars.

This covenant and agreement provides that it shall be binding upon any future owners, encumbrancers, their successors or assigns, and shall continue in effect until the advisory agency approves termination.

END OF SCHEDULE B - SECTION II



CHICAGO TITLE INSURANCE COMPANY

CONDITIONS

1. The term mortgage, when used herein, shall include deed of trust, trust deed, or other security instrument.

2. If the proposed Insured has or acquired actual knowledge of any defect, lien, encumbrance, adverse claim or other matter affecting the estate or interest or mortgage thereon covered by this Commitment other than those shown in Schedule B hereof, and shall fail to disclose such knowledge to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act of reliance hereon to the extent the Company is prejudiced by failure to so disclose such knowledge. If the proposed Insured shall disclose such knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim or other matter, the Company at its option may amend Schedule B of this Commitment accordingly, but such amendment shall not relieve the Company from liability previously incurred pursuant to paragraph 3 of these Conditions.

3. Liability of the Company under this Commitment shall be only to the named proposed Insured and such parties included under the definition of Insured in the form of policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking in good faith (a) to comply with the requirements hereof, or (b) to eliminate exceptions shown in Schedule B, or (c) to acquire or create the estate or interest or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies committed for and such liability is subject to the insuring provisions and Conditions and the Exclusions from Coverage of the form of policy or policies committed forin favor of the proposed Insured which are hereby incorporated by reference and are made a part of this Commitment except as expressly modified herein.

4. This Commitment is a contract to issue one or more title insurance policies and is not an abstract of title or a report of the condition of title. Any action or actions or rights of action that the proposed Insured may have or may bring against the Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on and are subject to the provisions of this Commitment.

5. The policy to be issued contains an arbitration clause. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured as the exclusive remedy of the parties. You may review a copy of the arbitration rules at .

http://www.alta.org/>