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HomeMy WebLinkAboutSDP 16-09; IONIS Fitness Center and Expansion; Site Development Plan (SDP)~(f'~'' \....City of Carlsbad APPLICATIONS APPLIED FOR: (CHECK BOXES) LAND USE REVIEW APPLICATION P-1 Devefooment Services Planning Division 1635 Faraday Avenue (760} 602-4610 www.carlsbadca.gov Development Permits (FOR DEPT. USE ONLY) Legislative Permits (FOR DEPT. USE ONLY) 0 Coastal Development Permit (*) 0 Minor 0 Conditional Use Permit n 0 Minor 0 Extension 0 Day Care (Large) 0 Environmental Impact Assessment 0 Habitat Management Permit 0 Minor 0 Hillside Development Permit (*) 0 Minor 0 Nonconforming Construction Permit 0 Planned Development Permit 0 Minor 0 Residential 0 Non-Residential 0 Planning Commission Determination 0 Reasonable Accommodation 0 General Plan Amendment 0 Local Coastal Program Amendment (*) 0 Master Plan 0 Specific Plan 0 Zone Change (') 0Amendment 0 Amendment 0 Zone Code Amendment South Carlsbad Coastal Review Area Permits 0 Review Permit 0 Administrative 0 Minor 0 Major Village Review Area Permits IX] Site Development Plan [XI Minor ~-e _20l 0 Review Permit 0 Special Use Permit 0 Tentative Parcel Map (Minor Subdivision) 0 Tentative Tract Map (Major Subdivision) 0 Variance 0 Minor 0 Administrative 0 Minor 0 Major (*) = eligible for 25% discount NOTE: A PROPOSED PROJECT REQUIRING MULTIPLE APPLICATIONS MUST BE SUBMITTED PRIOR TO 3:30P.M. A PROPOSED PROJECT REQUIRING ONLY ONE APPLICATION MUST BE SUBMITTED PRIOR TO 4:00P.M. ASSESSOR PARCEL NO(S).: 209-120-)1 d-o PROJECT NAME: lonis Pharmaceuticals Campus Fitness Center and Wing -C Expansion BRIEF DESCRIPTION OF PROJECT: The project proposes the construction of a new 5,600 s.f. fitness building and a 7,780 s.f., 2-story addition to Wing-C. and a request for a parking reduction. BRIEF LEGAL DESCRIPTION: Lot 14 and a portion of Lot 26 of the Carlsbad Oaks North Business Park Specific Plan, SP 211 LOCATION OF PROJECT: 2855 Gazelle Court ON THE: BE1WEEN P-1 South (NORTH, SOUTH, EAST, WEST) Gazelle Court (NAME OF STREET) SIDE OF AND STREET ADDRESS Gazelle Court (NAME OF STREET) Whiptail Loop (NAME OF STREET) Page 1 of 6 C£V o~ 0 4 ~sed 07/15 OWNER NAME BMR-GAZELLE LP APPLICANT NAME (Print): Wayne San.ders c/o lonis (Print): Phamaceut1cals, Inc. MAIUNGADDRESS: 17190 Bernardo Center Dr. MAILINGADDRESS: 2855GazelleCourt CITY. STATE, ZIP: San Diego, CA 92128 TELEPHONE: 858.485.9840 EMAIL ADDRESS: CITY, STATE, ZIP: Carlsbad, CA., 92010 TELEPHONE: 760.603.2562 EMAIL ADDRESS: wsanders@ionisph.com I CERTIFY THAT I AM niE LEGAL REPRESENTATIVE OF THE OWNER AND THAT ALL THE ABOVE INFORMATION IS TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE. APPLICANT'S REPRESENTATIVE (Print): Jon Ohlson c/o DGA Architects MAILING ADDRESS: 445 W. Ash Street CITY, STATE, ZIP: San Diego, CA., 92101 TELEPHONE: 619.685.3990 EMAIL ADDRESS: johlson@dga-sd.com I CERTIFY THAT I AM THE REPRESENTATIVE OF THE APPLICANT FOR PURP SES OF THIS APPLICATION AND THAT ALL THE ABOVE INFO ATIO IS TRUE AND CORRECT TO THE BEST OF MY KNO IN HE PROCESS OF REVIEWING THIS APPLICATION IT MAY BE NECESSARY FOR MEMBERS OF CITY STAFF, PLANNING COMMISSIONERS OR CITY COUNCIL MEMBERS TO INSPECT AND ENTER THE PROPERTY THAT IS THE SUBJECT OF THIS APPLICATION. 1/WE CONSENT TO ENTRY FOR THIS PURPOSE. FOR CITY USE ONLY P-1 Page 2of 6 MAR.2l Z016 CARLSBAD DIVISION DATE STAMP APPLICATION RECEIVED RECEIVED BY: Revised 07115 May 31, 2016 Shannon Werneke City of Carlsbad Planning Department 1635 Faraday Avenue Carlsbad, CA 92008-7314 ~ ~IIIII DGA planning I architecture I interiors Re: IONIS Pharmaceuticals Expansion JUN 01 2016 Subject At-Risk Construction Plan Submittal Prior to Approval of the Minor Site Development Permit I am the Owner's Agent of Assessor's Parcel Number 209-120-20-00, which is located at 2855 Gazelle Court, in the City of Carlsbad. A Minor Site Development Permit application (SOP 16-09) has been submitted and is currently being processed. We intend to submit for concurrent processing, the Construction Plans for the new lonis Fitness Building prior to the discretionary permit approval. We understand that doing so, is at our own risk and that the final discretionary approval may generate additional plan check design comments and/or fees. Sincerely, on B. Ohlson Sr. Associate cc. Don Neu, City Planner Shannon Werneke, Associate Planner Wayne Sanders, lonis Pharmaceuticals 445 West Ash Street, San Diego, California 921 0 I 619-685-3990 DGAonline.com MOUNTAIN VI'CW I SAN FRANCISCO I SAN DIEGO City of Carlsbad PROJECT DESCRIPTION P-1(8) Development Services Planning Division 1635 Faraday Avenue (760) 602-4610 www.carlsbadca.gov PROJECT NAME: IONIS Pharmaceuticals Campus Fitness Building and Building Expansion APPLICANT NAME: Jon Ohlson c/o DGA Architects Please describe fully the proposed project by application type. Include any details necessary to adequately explain the scope and/or operation of the proposed project. You may also include any background information and supporting statements regarding the reasons for, or appropriateness of, the application. Use an addendum sheet if necessary. Description/Explanation: This submittal is for a Minor Site Development Permit to expand the existing 170,838 S.F., "Scientific and Research" building with a 2-story 7,780 S.F. addition. The construction of a stand alone 5,600 S.F., 1-story fitness building for employee use only, which will also include additional storage space and a proposed reduction in the minimum parking requirements as required in the existing Planned Industrial Permit 09-02. The existing parking on-site has been evaluated and we believe there will be no impact to the facility or community with the proposed parking reduction. A parking study that has been prepared by a traffic engineer and is included with this submittal. The Fitness Building and basketball court will provide an amenity for all employees and free up existing building and site area for building expansion and the ability to add additional employees for facility growth. P-1(8) Page 1 of 1 Revised 07/10 ENVIRONMENTAL INFORMATION FORM (To be Completed by Applicant) Date Filed: HCtVch Z.( )201 ~ (To be completed by City) Application Number(s): SJJ£ {(a: Q 1 General Information 1. Name of project: Ienis Pharmaceuticals Campus Fitness Center and Wing -C Expansion 2. Name of developer or project sponsor: Ienis Pharmaceuticals, Inc. Address: --------=2~85~5~G~a=z~e~lle~C~o~ur~t ________________________________ __ City, State, Zip Code: Carlsbad, CA., 92010 PhoneNumber: ____ 7_6_0_.6~0~3~·~25~6~2~------------------------------------ 3. Name of person to be contacted concerning this project: Jon Ohlson c/o DGA Architects Address: _________ 4_4_5_W __ .A_s_h __ S_tr_ee_t ________________________________ ___ City, State, Zip Code: San Diego, CA., 92101 PhoneNumber: ____ 6_1~9_.6~8~5~.3~9~9~0~------------------------------------ 4. Address of Project: 2855 Gazelle Court -------------------------------------------------- Assessor's Parcel Number: 209-120-11 --------------------------------------------- 5. List and describe any other related permits and other public approvals required for this project, including those required by city, regional, state and federal agencies: A building permit will be required after the SOP approval. 6. Existing General Plan Land Use Designation: P.l. (Planned Industrial) 7. Existing zoning district: _P_-M __ , _S..:...p_e_ci_fi_c_P_Ia_n __ S_P_2_1_1 _______________________ __ 8. Existing land use(s): Scientific Research and Development 9. Proposed use of site (Project for which this form is filed): Amenity Fitness Building for employees, storage space and building addition Project Description 10. Site size: Total Site =13.92 Acres. The "project" area is 0.99 Acres. 11. Proposed Building square footage: New 5,600 s.f. Fitness Building and 7,780 s.f. Addition 12: Number of floors of construction: One floor level (Fitness Building) Two floor levels at addition 13. Amount of off-street parking provided: _4_8_7....:p_r_o,!_p_os_e_d __________________ _ 14. Associated projects: Existing 170,838 s.f. Scientific and Research Facility P-1(0) Page 2 of4 Revised 07/10 15. If residential, include the number of units and schedule of unit sizes: _N_/ A ________ _ 16. If commercial, indicate the type, whether neighborhood, city or regionally oriented, square footage of sales area, and loading facilities: N/A 17. If industrial, indicate type, estimated employment per shift, and loading facilities: _____ _ Scientific Research and Development with approximately 350 employees per day and one loading facility. 18. If institutional, indicate the major function, estim~ted employment per shift, estimated occupancy, loading facilities, and community benefits to be derived from the project: --------- N/A 19. If the project involves a variance, conditional use or rezoning applications, state this and indicate clearly why the application is required: The project proposes a reduction of the minimum parking spaces required per the municipal code. P-1(0) Page 3 of4 Revised 07/10 Are the following items applicable to the project or its effects? Discuss all items checked yes (attach additional sheets as necessaty). Yes No 20. Change in existing features of any bays, tidelands, beaches, or hills, or substantial D lZJ alteration of ground contours. 21. Change in scenic views or vistas from existing residential areas or public lands or D roads. 22. Change in pattern, scale or character of general area of project. 23. Significant amounts of solid waste or litter. 24. Change in dust, ash, smoke, fumes or odors in vicinity. 25. Change in ocean, bay, lake, stream or ground water quality or quantity, or alteration of existing drainage patterns. 26. Substantial change in existing noise or vibration levels in the vicinity. 27. Site on filled land or on slope of 10 percent or more. 28. Use of disposal of potentially hazardous materials, such as toxic substances, flammables or explosives. D D D D o· D D 29. Substantial change in demand for municipal services (police, fire, water, sewage, D etc.). 30. Substantially increase fossil fuel consumption (electricity, oil, natural gas, etc.). 31. Relationship to a larger project or series of projects. Environmental Setting Attach sheets that include a response to the following questions: D D 32. Describe the project site as it exists before the project, including information on topography, soil stability, plants and animals, and any cultural, historical or scenic aspects. Describe any existing structures on the site, and the use of the structures. Attach photographs of the site. Snapshots or Polaroid photos will be accepted. 33. Describe the surrounding properties, including information on plants and animals and any cultural, historical or scenic aspects. Indicate the type of land use (residential, commercial, etc.}, intensity of land use (one~family, apartment houses, shops, department stores, etc.), and scale of development (height, frontage, set-back, rear yard, etc.}. Attach photographs of the vicinity. Snapshots or polaroid photos will be accepted. Certification I hereby certify that the statements furnished above and in the attached exhibits present the data and information required for this initial evaluation to the best of my ability, and that the facts, statements, and information presented are true and correct to the best of my knowledge and belief. Date: -L;~f-'£-/tJ,~-~-¥-QI( ___ _ Signature:~f#...__:::::====::::--....:..,.-, __ For: a!'//3 P-1(0) Page 4 of4 Revised 07/10 Federal Aviation Ad tistration Air Traffic Airspace Branch, ASW-520 2601 Meacham Blvd. Fort Worth, TX 76137-0520 Issued Date: 05/20/2010 Federico Mina BMR -Gazelle Court LLC 17190 Bernardo Center Drive San Diego, CA 92128 Aeronautical Study No. 2010-A WP-2974-0E **DETERMINATION OF NO HAZARD TO AIR NAVIGATION** The Federal Aviation Administration has conducted an aeronautical study under the provisions of 49 U.S.C., Section 44 718 and if applicable Title 14 of the Code of Federal Regulations, part 77, concerning: Structure: Location: Latitude: Longitude: Heights: Building -Isis Pharmaceuticals, Inc., Gazelle Court Off Carlsbad, CA 33-08-31.99N NAD 83 117-15-05.59W 45 feet above ground level (AGL) 502 feet above mean sea level (AMSL) This aeronautical study revealed that the structure would have no substantial adverse effect on the safe and efficient utilization of the navigable airspace by aircraft or on the operation of air navigation facilities. Therefore, pursuant to the authority delegated to me, it is hereby determined that the structure would not be a hazard to air navigation provided the following condition(s) is(are) met: It is required that FAA Form 7460-2, Notice of Actual Construction or Alteration, be completed and returned to this office any time the project is abandoned or: __ At least 10 days prior to start of construction (7460-2, Part I) _X_ Within 5 days after the construction reaches its greatest height (7460-2, Part II) See attachment for additional condition(s) or information. Based on this evaluation, marking and lighting are not necessary for aviation safety. However, if marking and/or lighting are accomplished on a voluntary basis, we recommend it be installed and maintained in accordance with FAA Advisory circular 70/7460-1 K Change 2. The structure considered under this study lies in proximity to an airport and occupants may be subjected to noise from aircraft operating to and from the airport. Any height exceeding 45 feet above ground level (502 feet above mean sea level), will result in a substantial adverse effect and would warrant a Determination of Hazard to Air Navigation. This determination expires on 11/20/2011 unless: Page 1 of 8 . .t;::-- (_cityof Carlsbad DISCLOSURE STATEMENT p .. 1(A) Development Services Planning Division 1635 Faraday Avenue (760) 602-4610 www.carlsbadca.gov Applicant's statement or disclosure of certain ownership interests on all applications which will require discretionary action on the part of the City Council or any appointed Board, Commission or Committee. The following information MUST be disclosed at the time of application submittal. Your project cannot be reviewed until this information is completed. Please print. Note: Person is defined as "Any individual, firm, co-partnership, joint venture, association, social club, fraternal organization, co(poration, estate, trust, receiver, syndicate, in this and any other county, .~::ity and county, city municipalitY,'district or other politicc.d subdivision or any other .group or combination actirJg as a unit." Agents. may sign this document; however, the legal name and entity of the applicant and property owner must be provided below. 1. APPLICANT (Not the applicant's agent) Provide the COMPLETE, LEGAL names and addresses of ALL persons having a financial interest in the application. If the applicant includes a corporation or partnership, include the names, titles, addresses of all individuals owning more than 10% of the shares. IF NO INDIVIDUALS OWN MORE THAN 10% OF THE SHARES, PLEASE INDICATE NON-APPLICABLE (N/A) IN THE SPACE BELOW. If a publicly-owned corporation, include the names, titles, and addresses of the corporate officers. (A separate page may be attached if necessary.) Person Corp/Part :Z:ONI.S P~A-~L.tllCIIt..-..> Title. ___________ _ Title _____________ _ Address _________ _ Address .;l-_,55' lbl:\'"l...£.l.U.... c.-r c.A.-v'l..l.-~kb 2. OWNER (Not the owner's agent) P-1(A) Provide the COMPLETE, LEGAL names and addresses of ALL persons having any ownership interest in the property involved. Also, provide the nature of the legal ownership (i.e., partnership, tenants in common, non-profit, corporation, etc.). If the ownership includes a corporation or partnership, include the names, titles, addresses of all individuals owning more than 10% of the shares. IF NO INDIVIDUALS OWN MORE THAN 10% OF THE SHARES, PLEASE INDICATE NON-APPLICABLE (N/A) IN THE SPACE BELOW. If a publicly-owned corporation, include the names, titles, and addresses of the corporate officers. (A separate page may be attached if necessary.) Person N/A Corp/Part BMR-Gazelle L.P. Title ___________ _ Title _____________ _ Address _________ _ Address 17190 Bernardo Center Drive San Diego, CA 92128 Page 1 of2 Revised 07110 3. NON-PROFIT ORGANIZATION OR TRUST If any person identified pursuant to (1) or (2) above is a nonprofit organization or a trust, list the names and addresses of ANY person serving as an officer or director of the non- profit organization or as trustee or beneficiary of the. Non Profit/Trust Non Profit/Trust. _________ _ Title ___________ _ Title -----------------Address. __________ _ Address. ___________ _ 4. Have you had more than $500 worth of business transacted with any member of City staff, Boards, Commissions, Committees and/or Council within the past twelve (12) months? D Yes 00 No If yes, please indicate person(s):. __________ _ NOTE: Attach additional sheets if necessary. I certify that all the above information is true and correct to the best of my knowledge. · BMR-Gazelle L.P. Print or type name of owner Print or type name of applicant Signature of owner/applicant's agent if applicable/date Print or type name of owner/applicant's agent P-1(A) Page 2 of 2 Revised 07/10 (City of Carlsbad HAZARDOUS WASTE AND SUBSTANCES STATEMENT P-1(C) Development Services Planning Division 1635 Faraday Avenue (760) 602-4610 www.carlsbadca.gov Consultation of Lists of Sites Related to Hazardous Wastes (Certification of Compliance with Government Code Section 65962.5) Pursuant to State of California Government Code Section 65962.5, I have consulted the Hazardous Waste and Substances Sites List compiled by the California Environmental Protection Agency and hereby certify that (check one): 1!1 The development project and any alternatives proposed in this application are not contained on the lists compiled pursuant to Section 65962.5 of the State Government Code. D The development project and any alternatives proposed in this application are contained on the lists compiled pursuant to Section 65962.5 of the State Government Code. APPLICANT Name: Wayne Sanders c/o lonis Phamaceuticals, Inc. Address: 2855 Gazelle Court Carlsbad, CA., 92010 PROPERTY OWNER Name:BMR-GAZELLE LP Address: 17190 Bernardo Center Dr. San Diego, CA 92007 Phone Number: ?60.603.2562 Phone Number: 858.485.9840 Address of Site: 2855 Gazelle Court, Carlsbad CA., 92010 Local Agency (City and County): City of Carlsbad, County of San Diego Assessor's book, page, and parcel number:_2_0_9_-1_2_0_-1_1 _______________ _ Specify list(s): ____________________________ _ Regulatory Identification Number: ______________________ _ Date of List: _____________________________ _ f(o The Hazardous Waste and Substances Sites List (Cortese List) is used by the State, local agencies and developers to comply with the California Environmental Quality Act requirements in providing information about the location of hazardous materials release sites. P-1(C) Page 1 of 2 Revised 02/13 Per the California Environmental Protection Agency's website, "While Government Code Section 65962.5 [referred to as the Cortese List] makes reference to the preparation of a "list," many changes have occurred related to web-based information access since [the amended statute's effective date in] 1992 and this information is now largely available on the Internet sites of the responsible organizations. Those requesting a copy of the Cortese "list" are now referred directly to the appropriate information resources contained on the Internet web sites of the boards or departments that are referenced in the statute." Below is a list of agencies that maintain information regarding hazardous waste and substances sites. Department of Toxic Substances Control www.calepa.ca.gov/sitecleanup/CorteseList/default.htm www.calepa.ca.gov/database/calsites www.envirostor.dtsc.ca.gov/public EnviroStor Help Desk (916) 323-3400 State Water Resources Control Board http://geotracker.waterboards.ca.gov/ County of San Diego Department of Environmental Health Services www.co.san-diego.ca.us/deh Hazardous Materials Division www.sdcounty.ca.gov/deh/hazmat/hazmat permits.html Mailing Address: County of San Diego Department of Environmental Health P.O. Box 129261 San Diego, CA 92112-9261 Call Duty Specialist for technical questions at (858) 505-6880, fax (858) 505-6868 (fax) Environmental Protection Agency National Priorities Sites ("Superfund" or "CERCUS") www.epa.gov/superfund/sites/cursites (800) 424-9346 or (702) 284-8214 National Priorities List Sites in the United States www.epa.gov/superfund/sites/npl/npl.htm P-1(C) Page 2 of 2 Revised 02113 TIME LIMITS ON DISCRETIONARY PROJECTS P-1 (E) PLEASE NOTE: Planning Division 1635 Faraday Avenue (760) 602-4610 www .ca rlsbadca .gov Time limits on the processing of discretionary projects established by state law do not start until a project application is deemed complete by the City. The City has 30 calendar days from the date of application submittal to determine whether an application is complete or incomplete. Within 30 days of submittal of this application you will receive a letter stating whether this application is complete or incomplete. If it is incomplete, the letter will state what is needed to make this application complete. When the application is complete, the processing period will start upon the date of the completion letter. If you have any questions regarding application submittal requirements (i.e., clarification regarding a specific requirement or whether all requirements are necessary for your particular application) please call (76 ) 602-4610. Applicant Signature: Staff Signature: Date: 3-J 1-L,fo To be stapled with receipt to the application P-1(E) Page 1 of 1 Revised 07/10 City ~of lsba<i STORM WATER STANDARDS QUESTIONNAIRE E-34 Land Development Engineering 1635 Faraday Avenue 760-602-2750 www.carlsbadca.gov [ ~~~]~~:~~~:~~"~~;;'\,;,, ""':,: e '""'"~~",")r, ~;"" """ c c '""ecCe"'". ;<.·• '", , ; ,: c , .,~. ,.;,,./··· •• ,(./,,(··•·.· •• • • ·~ To address post-development pollutants that may be generated from development projects, the City requires that new development and significant redevelopment priority projects incorporate Permanent Storm Water Best Management Practices (BMP's) into the project design per Carlsbad BMP Design Manual (BMP Manual). To view the BMP Manual, refer to the Engineering Standards (Volume 5). This questionnaire must be completed by the applicant in advance of submitting for a development application (subdivision, discretionary permits and/or construction permits). The results of the questionnaire determine the level of storm water standards that must be applied to a proposed development or redevelopment project. Depending on the outcome, your project will either be subject to 'STANDARD PROJECT' requirements or be subject to 'PRIORITY DEVELOPMENT PROJECT' (PDP) requirements. Your responses to the questionnaire represent an initial assessment of the proposed project conditions and impacts. City staff has responsibility for making the final assessment after submission of the development application. If staff determines that the questionnaire was incorrectly filled out and is subject to more stringent storm water standards than initially assessed by you, this will result in the return of the development application as incomplete. In this case, please make the changes to the questionnaire and resubmit to the City. If you are unsure about the meaning of a question or need help in determining how to respond to one or more of the questions, please seek assistance from Land Development Engineering staff. A completed and signed questionnaire must be submitted with each development project application. Only one completed and signed questionnaire is required when multiple development applications for the same project are submitted PROJECT NAME: Employee Fitness Center and Wing C Office Addition PROJECT ID: DNew ment The total proposed disturbed area is: 41,374 ft2 ( 0.95 ) acres The total proposed newly created and/or replaced impervious area is: 23•731 ft2 ( 054 ) acres If your project is covered by an approved SWQMP as part of a larger development project, provide the project ID and the SWQMP #of the larger development project: Project ID: ------------SWQMP #: ----------- Then, go to Step 1 and follow the instructions. When completed, sign the form at the end and submit this with your to the E-34 Page 1 of 4 REV 02/16 Is your project LIMITED TO routine maintenance activity and/or repair/improvements to an existing building or structure that do not alter the size (See Section 1.3 of the BMP Design Manual for guidance)? NO NO If you answered "yes" to the above question, provide justification below then Go to step 5, mark the third box stating "my project is not a 'development project' and not subject to the requirements of the BMP manual" and complete applicant information. Justification/discussion: (e.g. the project includes only interior remodels within an existing building): To determine if your project is exempt from PDP requirements pursuant to MS4 Permit Provision E.3.b.(3), please answer the following questions: Is your project LIMITED to one or more of the following: 1. Constructing new or retrofitting paved sidewalks, bicycle lanes or trails that meet the following criteria: a) Designed and constructed to direct storm water runoff to adjacent vegetated areas, or other non- erodible permeable areas; b) Designed and constructed to be hydraulically disconnected from paved streets or roads; c) Designed and constructed with permeable pavements or surfaces in accordance with USEPA Green Streets guidance? 2. Retrofitting or redeveloping existing paved alleys, streets, or roads that are designed and constructed in accordance with the USEPA Green Streets guidance? 3. Ground Mounted Solar Array that meets the criteria provided in section 1.4.2 of the BMP manual? YES NO NO NO NO If you answered "yes" to one or more of the above questions, provide discussion/justification below, then Go to step 5, mark the second box stating "my project is EXEMPT from PDP ... " and complete applicant information. Discussion to justify exemption ( e.g. the project redeveloping existing road designed and constructed in accordance with the USEPA Green Street guidance): If you answered "no" to the above questions, your project is not exempt from PDP, go to Step 3. E-34 Page 2 of 4 REV. 02/16 ,,:,', ' ./,' :.£~·;~~;b()M~c~~~DFP~;'~L_L5~~W~·~:REOE*~·l_h~ME~f·RROJECTg ..' ·.· ... ( ,; .. ' ' '•:, . ,' To determine if your project is a PDP, please answer the following questions (MS4 Permit Provision E.3.b.(1 )): YES NO 1. Is your project a new development that creates 10,000 square feet or more of impervious surfaces collectively over the entire project site? This includes commercial, industrial, residential, mixed-use, NO and public development projects on public or private land. 2. Is your project a redevelopment project creating and/or replacing 5,000 square feet or more of impervious surface collectively over the entire project site on an existing site of 10,000 square feet or YES more of impervious surface? This includes commercial, industrial, residential, mixed-use, and public development_Qrojects on public or private land. 3. Is your project a new or redevelopment project that creates and/or replaces 5,000 square feet or more of impervious surface collectively over the entire project site and supports a restaurant? A restaurant NO is a facility that sells prepared foods and drinks for consumption, including stationary lunch counters and refreshment stands selling prepared foods and drinks for immediate consumption (Standard Industrial Classification (SIC) code 5812). 4. Is your project a new or redevelopment project that creates 5,000 square feet or more of impervious surface collectively over the entire project site and supports a hillside development project? A hillside NO development project includes development on any natural slope that is twenty-five percent or greater. 5. Is your project a new or redevelopment project that creates and/or replaces 5,000 square feet or more of impervious surface collectively over the entire project site and supports a parking lot? A parking lot NO is a land area or facility for the temporary parking or storage of motor vehicles used personally for business or for commerce. 6. Is your project a new or redevelopment project that creates and/or replaces 5,000 square feet or more of impervious surface collectively over the entire project site and supports a street, road, highway NO freeway or driveway? A street, road, highway, freeway or driveway is any paved impervious surface used for the transportation of automobiles, trucks, motorcycles, and other vehicles. 7. Is your project a new or redevelopment project that creates and/or replaces 2,500 square feet or more of impervious surface collectively over the entire site, and discharges directly to an Environmentally NO Sensitive Area (ESA)? "Discharging Directly to" includes flow that is conveyed overland a distance of 200 feet or less from the project to the ESA, or conveyed in a pipe or open channel any distance as an isolated flow from the project to the ESA (i.e. not commingled with flows from adjacent lands).* 8. Is your project a new development or redevelopment project that creates and/or replaces 5,000 square feet or more of impervious surface that supports an automotive repair shop? An automotive NO repair shop is a facility that is categorized in any one of the following Standard Industrial Classification (SIC) codes: 5013, 5014, 5541, 7532-7534, or 7536-7539. 9. Is your project a new development or redevelopment project that creates and/or replaces .5,000 square feet or more of impervious area that supports a retail gasoline outlet (RGO)? This category NO includes RGO's that meet the following criteria: (a) 5,000 square feet or more or (b) a project Average Daily Traffic (ADT) of 100 or more vehicles per day. 10. Is your project a new or redevelopment project that results in the disturbance of one or more acres of NO land and are expected to generate pollutants post construction? 11. Is your project located within 200 feet of the Pacific Ocean and (1) creates 2,500 square feet or more NO of impervious surface or (2) increases impervious surface on the property by more than 1 0%? (CMC 21.203.040) If you answered "yes" to one or more of the above questions, your project is a PDP. If your project is a redevelopment project, Go to step 4. If your project is a new project, Go to step 5, check the first box stating "My project is a PDP ... " and complete applicant information. If you answered "no" to all of the above questions, your project is a 'STANDARD PROJECT', "Go to step 5, check the second box stating "My QrOject is a 'STANDARD PROJECT ... " and complete applicant information. E-34 Page 3 of 4 REV. 02/16 Complete the questions below regarding your redevelopment project (MS4 Permit Provision E.3.b.(2)): YES NO Does the redevelopment project result in the creation or replacement of impervious surface in an amount of less than 50% of the surface area of the previously existing development? Complete the percent impervious calculation below: Existing impervious area (A) = ____ 4_2_8_·8_1_5 _____ sq. ft. Total proposed newly created or replaced impervious area (B) = ___ 2_3_,7_3_1 ______ sq. ft. Percent impervious area created or replaced (B/A)*100 = 5.53 % YES If you answered "yes", the structural BMP's required for PDP apply only to the creation or replacement of impervious surface and not the entire development. Go to step 5, check the first box stating "My project is a PDP ... "and complete applicant information. If you answered "no," the structural BMP's required for PDP apply to the entire development. Go to step 5, check the check the first box stating "My project is a PDP ... "and complete applicant information. My project is a PDP and must comply with PDP stormwater requirements of the BMP Manual. I understand I must prepare a Storm Water Quality Management Plan (SWQMP) for submittal at time of application. 0 My project is a 'STANDARD PROJECT' OR EXEMPT from PDP and must only comply with 'STANDARD PROJECT' stormwater requirements of the BMP Manual. As part of these requirements, I will submit a "Standard Project Requirement Checklist Form E-36" and incorporate low impact development strategies throughout my project. Note: For projects that are close to meeting the PDP threshold, staff may require detailed impervious area calculations and exhibits to verify if 'STANDARD PROJECT' stormwater requirements apply. 0 My Project is NOT a 'development project' and is not subject to the requirements of the BMP Manual. Applicant Information and Signature Box Assessor's Parcel Number(s): 209-120-20-00 Applicant Name: Applicant Title:A(q}~---. * Environmentally Sensitive Areas include but are not limited to all Clean Water Act Section 303(d) impaired water bodies; areas designated as Areas of Special Biological Significance by the State Water Resources Control Board (Water Quality Control Plan for the San Diego Basin (1994) and amendments); water bodies designated with the RARE beneficial use by the State Water Resources Control Board (Water Quality Control Plan for the San Diego Basin (1994) and amendments); areas designated as preserves or their equivalent under the Multi Species Conservation Program within the Cities and County of San Diego; Habitat Management Plan; and any other equivalent environmentally sensitive areas which have been identified by the City. This Box for City Use Only City Concurrence: I YES I NO I I By: Date: Project ID: E-34 Page 4 of 4 REV. 02/16 @ Chicago Title Insurance Company POLICY NO.: Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 PROFORMA OWNER~S POUCY OF TITLE INSURANCE Issued by Chicago Title Insurance Company Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy must be given to the Company at the address shown in Section 18 of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B, AND THE CONDITIONS, CHICAGO TITLE INSURANCE COMPANY, a Nebraska corporation (the "Company") insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount oflnsurance, sustained or incurred by the Insured by reason of: 1. Title being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from (a) A defect in the Title caused by (i) forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; (ii) failure of any person or Entity to have authorized a transfer or conveyance; (iii) a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered; (iv) failure to perform those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified, expired, or otherwise invalid power of attorney; (vi) a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or (vii) a defective judicial or administrative proceeding. (b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. (c) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land. 3. Unmarketable Title. 4. No right of access to and from the Land. 5. The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to 72306 (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. AMHUCAN lt\ND_ I! Ill ... \~flCI ... liUi'o Order No.: 00046579-994-X49 Policy No.: Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 (a) the occupancy, use, or enjoyment of the Land; (b) the character, dimensions, or location of any improvement erected on the Land; (c) the subdivision ofland; or (d) environmental protection if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but only to the extent of the violation or enforcement referred to in that notice. 6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 7. The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records. 8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 9. Title being vested other than as stated Schedule A or being defective (a) as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws; or (b) because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy, state insolvency, or similar creditors' rights laws by reason of the failure of its recording in the Public Records (i) to be timely, or (ii) to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. The Company will also pay the costs, attorneys' fees, and expenses incurred in defense of any matter insured against by this Policy, but only to the extent provided in the Conditions. IN WITNESS WHEREOF, CHICAGO TITLE INSURANCE COMPANY has caused this policy to be signed and sealed by its duly authorized officers. Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Policy. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72306 (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. AMUUCAN L~N ll 1! Ill ,\~\(IC!,.\TH.I'- Order No.: 00046579-994-X49 Policy No.: •. "Forma-CA-FBSC-IMP-72306-1-15-00046579 EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys' fees, or expenses that arise by reason of: I. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions or location of any improvement erected on the Land; (iii) the subdivision ofland; or (iv) environmental protection; or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion I (a) does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power. This Exclusion !(b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modifY or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims, or other matters: (a) created, suffered, assumed, or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 9 and 10); or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction vesting the Title as shown in Schedule A, is (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 1. DEFINITION OF TERMS The following tenus when used in this policy mean: (a) "Amount of Insurance": The amount stated in Schedule A, as may be increased or decreased by endorsement to this policy, increased by Section 8(b ), or decreased by Sections 10 and II of these Conditions. (b) "Date of Policy": The date designated as 'Date of Policy" in Schedule A. (c) "Entity": A corporation, partnership, trust, limited liability company, or other similar legal entity. (d) "Insured": The Insured named m Schedule A (i) The term "Insured" also includes (A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors, personal representatives, or next of kin; (B) successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization; (C) successors to an Insured by its conversion to another kind of Entity; (D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title (I) if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured, (2) if the grantee wholly owns the named Insured, (3) if the grantee is wholly- owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named Insured are both wholly-owned by the same person or Entity, or ( 4) if the grantee is a trustee or beneficiary of a trust created by a written 72306 (6/06) CONDITIONS instrument established by the Insured named in Schedule A for estate planning purposes. (ii) With regard to (A), (B), (C), and (D) reserving, however, all rights and defenses as to any successor that the Company would have had against any predecessor Insured. (e) "Insured Claimant": An Insured claiming loss or damage. (f) "Knowledge" or "Known": Actual knowledge, not constructive knowledge or notice that may be imputed to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. (g) "Land": The land described in Schedule A, and affixed improvements that by law constitute real property. The term "Land" does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is insured by this policy. (h) "Mortgage": Mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by electronic means authorized by law. (i) "Public Records": Records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5( d), "Public Records" shall also include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the Land is located. G) "Title": The estate or interest described in Schedule A (k) "Unmarketable Title": Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. 2. CONTINUATION OF INSURANCE The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) of these Conditions, (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy, or (iii) if the Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company's liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudice. 4. PROOF OF LOSS In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage. ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. AAtUUCAN L:'N[) l!!U ·\,,llC1.~1 :(P, Order No.: 00046579-994-X49 5. DEFENSE AND PROSECUTION OF ACTIONS (a) Upon written request by the Insured, and subject to the options contained in Section 7 of these Conditions, the Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs, or expenses incurred by the Insured in the defense of those causes of action that allege matters not insured against by this policy. (b) The Company shall have the right, in addition to the options contained in Section 7 of these Conditions, at its own cost, to institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate action under the terms of this policy, whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this subsection, it must do so diligently. (c) Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may pursue the litigation to a final determination by a court of competent jurisdiction, and it expressly reserves the right, in its sole discretion, to appeal from any adverse judgment or order. 6. DUTY OF INSURED CLAIMANT TO COOPERATE (a) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by the Company, the Insured, at the Company's expense, shall give the Company all reasonable aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the Company's obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. (b) The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of the Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium 72306 (6/06) Policy No.: Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 maintained, including books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of a third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from third parties as required in this subsection, unless prohibited by law or govemmental regulation, shall terminate any liability of the Company under this policy as to that claim. 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY In case of a claim under this policy, the Company shall have the following additional options: (a) To Pay or Tender Payment of the Amount oflnsurance. To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys' fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. Upon the exercise by the Company of this option, all liability and obligations of the Company to the Insured under this policy, other than to make the payment required in this subsection, shall tenninate, including any liability or obligation to defend, prosecute, or continue any litigation. (b) To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured Claimant. (i) To pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under this policy. In addition, the Company will pay any costs, attorneys' fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay; or (ii) To pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with any costs, attorneys' fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. Upon the exercise by the Company of either of the options provided for in subsections (b )(i) or (ii), the Company's obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. 8. DETERMINATION AND EXTENT OF LIABILITY This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has suffered loss or damage by reason of matters insured against by this policy. (a) The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of (i) the Amount of Insurance; or (ii) the difference between the value of the Title as insured and the value of the Title subject to the risk insured against by this policy. (b) If the Company pursues its rights under Section 5 of these Conditions and is unsuccessful in establishing the Title, as insured, (i) the Amount of Insurance shall be increased by l 0%, and (ii) the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the Insured Claimant or as of the date it is settled and paid. (c) In addition to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys' fees, and expenses incurred in accordance with Sections 5 and 7 ofthese Conditions. 9. LIMITATION OF LIABILITY (a) If the Company establishes the Title, or removes the alleged defect, lien or encumbrance, or cures the lack of a right of access to or from the Land, or cures the claim of Unmarketable Title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully perfonned its obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured. (b) In the event of any litigation, including litigation by the Company or with the Company's consent, the Company shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. (c) The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in settling any claim or suit without the prior written consent of the Company. 10. REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY All payments under this policy, except payments made for costs, attorneys' fees, and expenses, shall reduce the Amount of Insurance by the amount of the payment. 11. LIABILITY NONCUMULATIVE The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken in Schedule B or to which the Insured has agreed, assumed, or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured under this policy. 12. PAYMENT OF LOSS When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be made within 30 days. 13. RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT (a) Whenever the Company shall have settled and paid a claim under this policy, it shall be ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. <\,\\lltiCAN l.-\ND !Ill I A~~ll\'P.l){1\ Order No.: 00046579-994-X49 subrogated and entitled to the rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys' fees, and expenses paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its right to recover until after the Insured Claimant shall have recovered its loss. (b) The Company's right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of insurance, or bonds, notwithstanding any tenns or conditions contained in those instruments that address subrogation rights. 14. ARBITRATION Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association ("Rules"). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. 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 in connection with its issuance or the breach of a policy 72306 (6/06) Policy No.: ·~co Forma-CA-FBSC-IMP-72306-1-15-00046579 provision, or to any other controversy or claim arising out of the transaction giving rise to this policy. 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. All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction. 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT (a) This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. (b) Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim shall be restricted to this policy. (c) Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly incorporated by Schedule A of this policy. (d) Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. 16. SEVERABILITY In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in fiJI! force and effect. 17. CHOICE OF LAW; FORUM (a) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to detennine the applicable law. (b) Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or federal court within the United States of America or its territories having appropriate jurisdiction. 18. NOTICES, WHERE SENT Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to the Company at Chicago Title Insurance Company, Attn: Claims Department, Post Office Box 45023, Jacksonville, Florida 32232-5023. ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. AMUtlCAN l_t~N.P 1'111 E A\HXI.\1:0,'> Order No.: 00046579-994-X49 Policy No.: Pro For~a-CA-FBSC-IMP-72306-1-15-00046579 Chicago Title Insurance Company SCHEDULE A This is a Pro Forma Policy. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. Name and Address of Title Insurance Company: Chicago Title Company 725 South Figueroa StreetAngeles, Policy No.: Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Order No.: 00046579-994-X49 Address Reference: 2855 Gazelle Court, Carlsbad, CA Amount oflnsurance: $ __________ (being policy issuer's coinsurance share of aggregate amount per site) subject to EXH-B-COINSURANCE Premium: (To be determined) Date ofPolicy: Date and Time of Recording Pro Forma Policy Dated January 17,2016 1. Name oflnsured: BMR-Gazelle Court LP, a Delaware limited partnership 2. The estate or interest in the Land that is insured by this policy is: A Fee as to Parcel(s) 1 Easement(s) more fully described below as to Parcel(s) 2 3. Title is vested in: BMR-Gazelle Court LP, a Delaware limited partnership 4. The Land referred to in this policy is described as follows: See Exhibit A attached hereto and made a part hereof. THIS POLICY VALID ONLY IF SCHEDULE B IS ATTACHED 72306A (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. AM !:lUCAN lt\Nil_ll_!_l ( -\\\!1(1'\lH''- Order No.: 00046579-994-X49 Policy No.: Pro ~·t.~rma-CA-FBSC-IMP-72306-1-15-00046579 EXHIBIT A LEGAL DESCRIPTION THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE CITY OF CARLSBAD, IN THE COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, AND IS DESCRIBED AS FOLLOWS: PARCEL 1: PARCEL "A" OF CERTIFICATE OF COMPLIANCE NO. ADJ 09-05 RECORDED JANUARY 19, 2010 AS INSTRUMENT NO. 2010-0024854 OF OFFICIAL RECORDS, DESCRIBED AS FOLLOWS: LOT 14 OF CARLSBAD TRACT NO. 97-13-02, ACCORDING TO MAP THEREOF NO. 15505, IN THE CITY OF CARLSBAD, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, RECORDED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY ON JANUARY 23, 2007 AS FILE NO. 2007-0047588 OF OFFICIAL RECORDS, TOGETHER WITH A PORTION OF LOT 'B' OF RANCHO AGUA HEDIONDA, IN THE CITY OF CARLSBAD, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP THEREOF NO. 823, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY, NOVEMBER 16, 1896, DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWEST CORNER OF SAID LOT 14; THENCE, ALONG THE NORTH LINE OF SAID LOT 14, NORTH 89°09'41" EAST 629.31 FEET; THENCE SOUTH 00°31 '59" WEST 8.11 FEET; THENCE NORTH 89°53'58" EAST 392.46 FEET; THENCE NORTH 53°13'30" EAST 15.15 FEET; THENCE SOUTH 56°49'30" EAST 85.95 FEET TO THE NORTHEAST CORNER OF SAID LOT 14, SAID CORNER BEING ON A NON-TANGENT 264.00 FOOT RADIUS CURVE CONCAVE NORTHWESTERLY, THE RADIAL LINE TO SAID POINT BEARS SOUTH 56°49'30" EAST; THENCE, ALONG THE EAST LINE OF SAID LOT 14, SOUTHWESTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 5°50'08" AN ARC DISTANCE OF 26.89 FEET; THENCE, TANGENT TO SAID CURVE, SOUTH 39°00'38" WEST 329.54 FEET TO THE BEGINNING OF A TANGENT 736.00 FOOT RADIUS CURVE CONCAVE SOUTHEASTERLY; THENCE SOUTHWESTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 25°07'33" A DISTANCE OF 322.76 FEET TO THE SOUTHEAST CORNER OF SAID LOT 14, SAID CORNER ALSO BEING A POINT ON THE SUBDIVISION BOUNDARY OF MAP NO. 14926; THENCE, ALONG THE SOUTH LINE OF SAID LOT 14 AND THE BOUNDARY OF SAID MAP NO. 14926, NON- TANGENT TO SAID CURVE NORTH 52°33'23" WEST 148.70 FEET; THENCE SOUTH 48°06'30" WEST, 21.89 FEET TO THE BEGINNING OF A 100.00 FOOT RADIUS CURVE CONCAVE NORTHWESTERLY; THENCE SOUTHWESTERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 34°22'48" AN ARC DISTANCE OF 60.00 FEET; 72306A (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 2 AMfRICAN lANI1 Ill It Order No.: 00046579-994-X49 Policy No.: Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 EXHIBIT A (Continued) THENCE SOUTH 82°29'18" WEST (PER SCRIVENERS ERROR READ AS "THENCE 82° 29' 18" WEST") 147.20 FEET; THENCE NORTH 89°14'55" WEST 410.06 FEET TO THE SOUTHWEST CORNER OF SAID LOT 14; THENCE, LEAVING SAID LOT 14 AND CONTINUING ALONG THE BOUNDARY OF SAID MAP NO. 14926, SOUTH 29°36'38" WEST 51.14 FEET; THENCE NORTH 77°38'20" WEST 216.59 FEET; THENCE, LEAVING THE BOUNDARY OF SAID MAP NO. 14926, NORTH 43°05'58" EAST 78.45 FEET; THENCE NORTH 01 °47'45" EAST 442.55 FEET TO A POINT ON THE SOUTHERLY BOUNDARY OF THAT PUBLIC STREET AND UTILITY EASEMENT RECORDED JANUARY 23, 2007 AS FILE NO. 2007-0047586 OF OFFICIAL RECORDS, SAID POINT BEING ON A NON-TANGENT 836.00 FOOT RADIUS CURVE CONCAVE NORTHERLY, A RADIAL LINE TO SAID POINT BEARS SOUTH 23°00'29" WEST; THENCE, EASTERLY ALONG SAID EASEMENT AND SAID CURVE, THROUGH A CENTRAL ANGLE OF 10°54'11" AN ARC DISTANCE OF 159.09 FEET TO THE BEGINNING OF A COMPOUND 56.00 FOOT RADIUS CURVE CONCAVE WESTERLY; THENCE NORTHERLY ALONG SAID CURVE THROUGH A CENTRAL ANGLE OF 181 °26'49" AN ARC DISTANCE OF 177.34 FEET TO THE POINT OF BEGINNING. PARCEL2: AN EASEMENT FOR A PRIVATE DRAINAGE OVER AND ACROSS LOT 4 OF CARLSBAD TRACT NO. 97-13-01, CARLSBAD OAKS NORTH PHASE 1, IN THE CITY OF CARLSBAD, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP THEREOF NO. 14926, RECORDED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY ON DECEMBER 15, 2004, AS CREATED BY EASEMENT AGREEMENT EXECUTED BY KILROY REALTY FINANCE PARTNERSHIP, L.P., A DELAWARE LIMITED PARTNERSHIP, TECHBILT CONSTRUCTION CORP., A CALIFORNIA CORPORATION AND CARLSBAD OAKS NORTH PARTNERS, L.P., A CALIFORNIA LIMITED PARTNERSHIP, DATED JANUARY 20, 2010 AND RECORDED JANUARY 29, 2010 AS INSTRUMENT NO. 2010-0047608 OF OFFICIAL RECORDS. APN(s): 209-120-20-00 72306A (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 3 AMf.RICAt-: J,\ND 11!11 Order No.: 00046579-994-X49 Policy No.: Pro rorma-CA-FBSC-IMP-72306-1-15-00046579 SCHEDULEB EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage, and the Company will not pay costs, attomeys' fees, or expenses that arise by reason of: A. Property taxes, including any personal property taxes and any assessments collected with taxes, are as follows: Tax Identification No.: Fiscal Year: 1st Installment: 2nd Installment: Penalty and Cost: Homeowners Exemption: Code Area: 209-120-20-00 2015-2016 $350,961.05, Paid $350,961.05, Unpaid (a lien payable, but not yet due or delinquent) $35,106.10 $0.00 09013 B. This exception has been intentionally deleted. C. The herein described property lies within the boundaries of a Mello-Roos Community Facilities District (CFD) as follows: CFDNo: For: Disclosed by: Recording Date: Recording No.: Community Facilities District No. 3 City of Carlsbad Notice of Special Tax Lien November 17,2005 2005-0998004 of Official Records This property, along with all other parcels in the CFD, is liable for an annual special tax. This special tax is included with and payable with the general property taxes of the City of Carlsbad, County of San Diego. The tax may not be prepaid. A lien payable but not yet due or delinquent. D. Supplemental taxes, including any personal property taxes and any assessments collected with taxes, assessed pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State of Califomia, are as follows: Tax Identification No.: Fiscal Year: 1st Installment: 2nd Installment: Code Area: Supplemental Bill No.: 723068 (6/06) ALTA Owner's Policy (6117/06) 209-120-20-00 2014-2015 $1,071.00, Paid $1,071.00, Unpaid (a lien payable, but not yet due or delinquent) 09013 849-104-02-95 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 4 AMl:-IUCAN ~:'\~ 1~ ... ~! II ( ,'\\\1)(1:\!Jt'P,, Order No.: 00046579-994-X49 Policy No.: Pro Forma~CA-FBSC-IMP-72306-1-15-00046579 SCHEDULEB (Continued) E. Supplemental taxes, including any personal property taxes and any assessments collected with taxes, assessed pursuant to the provisions of Chapter 3.5 (commencing with Section 75) of the Revenue and Taxation Code of the State of California, are as follows: Tax Identification No.: Fiscal Year: 1st Installment: 2nd Installment: Code Area: Supplemental Bill No.: 209-120-20-00 2014-2015 $182.07, Paid $182.07, Unpaid (a lien payable, but not yet due or delinquent) 09013 849-104-03-04 F. The lien of supplemental or escaped assessments of property taxes, if any, made pursuant to the provisions of Chapter 3.5 (commencing with Section 75) or Part 2, Chapter 3, Articles 3 and 4, respectively, of the Revenue and Taxation Code of the State of California as a result of the transfer of title to the vestee named in Schedule A or as a result of changes in ownership or new construction occurring prior to Date of Policy. 1. Water rights, claims or title to water, whether or not disclosed by the public records. 2. A Notice Entitled: Executed by: Recording Date: Recording No: Notice of Restriction on Real Property City of Carlsbad November 9, 2004 2004-1066056 of Official Records Reference is hereby made to said document for full particulars. 3. ANotice Entitled: Notice of Waiver Concerning Proximity of the Planned or Existing Palomar Airport Road and Melrose Drive Transportation Corridors Case No.: CT 97-13 Executed by: Carlsbad Oaks North Partners, L.P., a California limited partnership Recording Date: November 9, 2004 Recording No: 2004-1066058 of Official Records Reference is hereby made to said document for full particulars. 4. Matters contained in that certain document Entitled: Executed by: Recording Date: Recording No: Hold Harmless Agreement Drainage Carlsbad Oaks North Partners, L.P., a California limited partnership December 15, 2004 2004-1180067 of Official Records Reference is hereby made to said document for full particulars. 72306B (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 5 AMHliC'AN [,\NI1 IIIII '\\\(1(!-\ii{H, Order No.: 00046579-994-X49 Policy No.: Pro I·orma-CA-FBSC-IMP-72306-1-15-00046579 5. Matters contained in that certain document SCHEDULER (Continued) Entitled: Waiver and Consent to Creation of a Community Facilities District and Agreement to Pay Fair Share Cost ofCT 97-13 ("Agreement") Recording Date: December 15, 2004 Recording No: 2004-1180069 of Official Records Reference is hereby made to said document for full particulars. Matters contained in that certain document Entitled: Amendment No. 1 to Waiver and Consent to Creation of the Community Facilities District (CT 97-13), Carlsbad Oaks North Partners, LP Recording Date: November 4, 2005 Recording No: 2005-0964619 of Official Records Reference is hereby made to said document for full particulars. 6. Easement(s) for the purpose(s) shown below and rights incidental thereto, as delineated on or as offered for dedication on Map/Plat: Purpose: Affects: Tract No. 14926 15 foot private drainage Parcel2. As approximately shown on that ALTA/ACSM Land Title Survey, Job No. 20151060-003, dated November 29, 2015 last revised December 9, 2015 prepared by Ray R. Zeqollari, .L.S. No. 8346, on behalf of Delta Surveying and Mapping 7. Matters contained in that certain document Entitled: Agreement Between Developer/Owner and the City of Carlsbad for the Payment of a Local Drainage Area Fee Dated: November 9, 2004 Executed by: City of Carlsbad, a municipal corporation and Carlsbad Oaks North Partners, L.P., a California limited partnership Recording Date: December 21, 2004 Recording No: 2004-1201221 of Official Records Reference is hereby made to said document for full particulars. 8. Matters contained in that certain document Entitled: Executed by: Recording Date: Recording No: Hold Harmless Agreement Drainage Carlsbad Oaks North Partners, LP, a California limited partnership December 1, 2006 2006-0854466 of Official Records Reference is hereby made to said document for full particulars. 72306B (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 6 AMUl.ICAN I :~N_f~ _ t ~Ill 11\\(/(IAII(l' Order No.: 00046579-994-X49 Policy No.: Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 SCHEDULEB (Continued) 9. Matters contained in that certain document Entitled: Executed by: Recording Date: Recording No: Hold Harmless Agreement Geological Failure Carlsbad Oaks North Partners, LP, a California limited partnership December 1, 2006 2006-0854467 of Official Records Reference is hereby made to said document for full particulars. 10. The ownership of said Land does not include rights of access to or from the street, highway, or freeway abutting said Land, such rights having been relinquished by said map/plat. Affects: Said land abutting Whiptail Loop, except access opening. 11. Easement(s) for the purpose(s) shown below and rights incidental thereto, as delineated on or as offered for dedication on Map/Plat: Purpose: Affects: Map No. 15505 Sight distance corridor As shown on said map. As approximately shown on that ALTA/ACSM Land Title Survey, Job No. 20151060-003, dated November 29, 2015 last revised December 9, 2015 prepared by Ray R. Zeqollari, .L.S. No. 8346, on behalf of Delta Surveying and Mapping 12. Recitals as shown on that certain Map No. 15505 Which among other things recites: 1. No structure, fence, wall, tree, shrub, sign or other object over 30 inches above the street level may be placed or permitted to encroach within the area identified as a Sight Distance Corridor in accordance with City Standard Public Street Design Criteria, Section 8B.3. The underlying property owner shall maintain this condition. 2. Geotechnical Caution: The owner of the property on behalf of itself and all of its successors in interest has agreed to hold harmless and indemnify the City of Carlsbad from any action that may arise through any geotechnical failure, ground water separate or land subsidence and subsequent damage that may occur, or adjacent to, this subdivision due to its construction, operation or maintenance. Reference is hereby made to said document for full particulars. 13. Covenants, conditions, restrictions and easements but omitting any covenants or restrictions, if any, including but not limited to those based upon race, color, religion, sex, sexual orientation, familial status, marital status, disability, handicap, national origin, ancestry, source of income, gender, gender identity, gender expression, medical condition or genetic information, as set forth in applicable state or federal laws, except to the extent that said covenant or restriction is permitted by applicable law, as set forth in the document Recording Date: February 5, 2007 Recording No: 2007-0081082 of Official Records 72306B (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 7 AMUUCAN 1:\Nll I !Ill A~ ' ( !C I:\ I ~ \' '- Order No.: 00046579-994-X49 Policy No.: Pro t·vfma-CA-FBSC-IMP-72306-1-15-00046579 SCHEDULEB (Continued) Said covenants, conditions and restrictions provide that a violation thereof shall not defeat the lien of any mortgage or deed of trust made in good faith and for value. Said instrument also provides for the levy of assessments, the lien of which is stated to be subordinate to the lien of a first mortgage or first deed of trust made in good faith or for value. Modification(s) of said covenants, conditions and restrictions Recording Date: March 20,2013 Recording No: 2013-0175873 of Official Records 14. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Purpose: Recording Date: Recording No: Affects: San Diego Gas & Electric Company, a corporation Public utilities together with ingress and egress March 7, 2008 2008-0122770 of Official Records A portion of said land as more particularly described in said document. Limitations on the use, by the owners of said Land, of the easement area as set forth in the easement document shown hereinabove. Reference is hereby made to said document for full particulars. 15. This exception has been intentionally deleted. 16. Matters contained in that certain document Entitled: Dated: Easement Agreement (Private Drainage) January 20,2010 Executed by: Kilroy Realty Finance Partnership, L.P., A Delaware limited partnership; Techbilt Construction Corp., a California corporation; and Carlsbad Oaks North Partners, L.P., a California limited partnership Recording Date: January 29, 2010 Recording No: 2010-004 7 608 of Official Records Reference is hereby made to said document for full particulars. Affects: Parcel2. As approximately shown on that ALTA/ACSM Land Title Survey, Job No. 20151060-003, dated November 29, 2015 last revised December 9, 2015 prepared by Ray R. Zeqollari, .L.S. No. 8346, on behalf of Delta Surveying and Mapping 72306B (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 8 AMUUCAN t,\1-!lll",r"tt AV\t.H lr\IIP.., Order No.: 00046579-994-X49 Po !icy No.: Pro Forma~CA-FBSC-IMP-72306-1-15-00046579 17. Matters contained in that certain document SCHEDULER (Continued) Entitled: Memorandum of Repurchase Rights Executed by: ISIS Pharmaceuticals, a Delaware corporation and Techbilt Construction Corp., a California corporation Recording Date: March 3, 2010 Recording No: 2010-0104273 of Official Records Reference is hereby made to said document for full particulars. 18. An unrecorded lease with certain terms, covenants, conditions and provisions set forth therein as disclosed by the document Entitled: Lessor: Lessee: Recording Date: Recording No: Memorandum of Lease BMR-Gazelle Court LLC, a Delaware limited liability company ISIS Pharmaceuticals, Inc., a Delaware corporation March 30, 20 I 0 2010-015697 4 of Official Records The present ownership of the leasehold created by said lease and other matters affecting the interest of the lessee are not shown herein. Matters contained in that certain document Entitled: Dated: Memorandum of Amendment to Lease Agreement May 15,2011 Executed by: BMR-Gazelle Court LLC, a Delaware limited liability company and ISIS Pharmaceuticals, Inc., a Delaware corporation Recording Date: May 17,2011 Recording No: 2011-0254894 of Official Records Reference is hereby made to said document for full particulars. An agreement, which states that said lease is subordinate to the Deed of Trust, recorded: January_, 2016 as Instrument No. 2016-by an agreement: Recorded: 19. A Notice Entitled: Executed by: Recording Date: Recording No: January_, 2016 as Instrument No. 2016-____ , of Official Records Notice of Restriction on Real Property City of Carlsbad May7, 2010 2010-0232229 of Official Records Reference is hereby made to said document for full particulars. 72306B (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 9 AMHtiL\N (,\Nil IIIII \\\th'l:\fl\1 ... Order No.: 00046579-994-X49 Policy No.: Pro ,,rma-CA-FBSC-IMP-72306-1-15-00046579 SCHEDULER (Continued) 20. Matters contained in that certain document Entitled: Executed by: Recording Date: Recording No: Hold Harmless Agreement Geological Failure BMR-Gazelle Court LLC July 22,2010 2010-0369177 of Official Records Reference is hereby made to said document for full particulars. 21. Matters contained in that certain document Entitled: Executed by: Recording Date: Recording No: Hold Harmless Agreement Drainage BMR-Gazelle Court LLC July 22, 2010 2010-0369178 of Official Records Reference is hereby made to said document for full particulars. 22. Matters contained in that certain document Entitled: Dated: Executed by: Recording Date: Recording No: Permanent Stormwater Quality Best Management Practice Maintenance Agreement June 14,2010 BMR-Gazelle Court, LLC and City of Carlsbad, California, a municipal corporation July 23, 2010 2010-03 7145 5 of Official Records Reference is hereby made to said document for full particulars. 23. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: Carlsbad Municipal Water District, a public agency organized under the Municipal Water Act, it's successors and/or assigns Purpose: Public water easement Recording Date: August 9, 2010 Recording No: 2010-040684 7 of Official Records Affects: A portion of said land as more particularly described in said document. Limitations on the use, by the owners of said Land, of the easement area as set forth in the easement document shown hereinabove. Reference is hereby made to said document for full particulars. As approximately shown on that ALTA/ACSM Land Title Survey, Job No. 20151060-003, dated November 29, 2015 last revised December 9, 2015 prepared by Ray R. Zeqollari, .L.S. No. 8346, on behalf of Delta Surveying and Mapping 72306B (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 10 AMEIOL\N I.~.N-~~--~II II J,.~'ifi(!.J,.TJt\·\ Order No.: 00046579-994-X49 Policy No.: Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 24. Matters contained in that certain document SCHEDULER (Continued) Entitled: Executed by: Encroachment Agreement for Use with Stmctures Built Over Public Right of Way Carlsbad Municipal Water District and BMR Gazelle Court LLC, a Delaware limited liability company Recording Date: September 2, 2010 Recording No: 20 I 0-0462306 of Official Records Reference is hereby made to said document for full particulars. As approximately shown on that ALTA/ACSM Land Title Survey, Job No. 20151060-003, dated November 29, 2015 last revised December 9, 2015 prepared by Ray R. Zeqollari, .L.S. No. 8346, on behalf of Delta Surveying and Mapping 25. Easement(s) for the purpose(s) shown below and rights incidental thereto, as granted in a document: Granted to: San Diego Gas & Electric Company, a corporation Purpose: Underground electric facilities and appurtenances; underground communication facilities; and pipelines and appurtenances Recording Date: November 29, 2010 Recording No: 20 I 0-0652771 of Official Records Affects: A portion of said land as more particularly described in said document. Subject to the terms, conditions and provisions contained therein. As approximately shown on that ALTA/ACSM Land Title Survey, Job No. 20151060-003, dated November 29, 2015 last revised December 9, 2015 prepared by Ray R. Zeqollari, .L.S. No. 8346, on behalf of Delta Surveying and Mapping 26. Matters contained in that certain document Entitled: Dated: Landscape Maintenance Agreement March 21, 2011 Executed by: BMR-Gazelle Court LLC, a Delaware limited liability company and Carlsbad Oaks North Business Park Owners Association, a California nonprofit mutual benefit corporation Recording Date: May 11,2011 Recording No: 2011-0245163 of Official Records Reference is hereby made to said document for full particulars. 27. This exception has been intentionally deleted. 28. Rights of tenants in possession, as tenants only, pursuant to written but umecorded, unexpired leases in effect as of this Policy, without rights or options to purchase the insured property, as evidenced by the rent roll attached hereto. 72306B (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 11 AMf.lliCAN IANill!'lll Order No.: 00046579-994-X49 Policy No.: Pro. orma-CA-FBSC-IMP-72306-1-15-00046579 SCHEDULEB (Continued) 29. Any facts, rights, interests, or claims which may exist or arise by reason of the following facts disclosed by survey, Job No. 20151060-003, dated November 29, 2015 last revised December 9, 2015 prepared by Ray R. Zeqollari, .L.S. No. 8346, on behalf of Delta Surveying and Mapping: None 30. This exception has been intentionally deleted. 31. Deed of Trust given to secure the original amount shown below, and any other amount payable under the terms thereof. Amount: Dated: Tmstor/Grantor Tmstee: $(To be determined) January_, 2016 BMR-Gazelle Court LP, a Delaware limited partnership Chicago Title Company Beneficiary: Citigroup Global Markets Realty Corp., Citi Real Estate Funding Inc. and Goldman Sachs Mortgage Company Recording Date: January_, 2016 Recording No: 2016-of Official Records 32. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. Note: The foregoing exception shall not apply in the event Mezzanine Lender (as defined in the Mezzanine-Endorsement to this Owner's Policy) exercises rights under the pledge agreement and becomes the beneficial owner of the Insured for Owner's Policy. 72306B (6/06) ALTA Owner's Policy (6/17/06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 12 AMI: RICAN \;\ND rill! "~'(1(1:\ll(l,..., Order No. 00046579-994-X49 Policy No. Pro Forma-CA-FBSC-IMP-72306-l-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company 1. The Company insures against loss or damage sustained by the Insured in the event that, at Date of Policy, a. according to applicable zoning ordinances and amendments, the Land is not classified Zone P-M (Planned Industrial); b. the following use or uses are not allowed under that classification: Those certain pennitted uses allowed under Section 21.34.020 of the municipal code of the City of Carlsbad c. There shall be no liability under this paragraph l.b. if the use or uses are not allowed as the result of any lack of compliance with any conditions, restrictions, or requirements contained in the zoning ordinances and amendments, including but not limited to the failure to secure necessary consents or authorizations as a prerequisite to the use or uses. This paragraph I.e. does not modify or limit the coverage provided in Covered Risk 5. 2. The Company further insures against loss or damage sustained by the Insured by reason of a final decree of a court of competent jurisdiction either prohibiting the use of the Land, with any existing structure, as specified in paragraph l.b.; or requiring the removal or alteration of the structure, because, at Date of Policy, the zoning ordinances and amendments have been violated with respect to any of the following matters: a. Area, width, or depth of the Land as a building site for the structure b. Floor space area of the structure c. Setback of the structure from the property lines of the Land d. Height of the structure, or e. Number of parking spaces. 3. There shall be no liability under this endorsement based on: a. the invalidity of the zoning ordinances and amendments until after a final decree of a court of competent jurisdiction adjudicating the invalidity, the effect of which is to prohibit the use or uses; b. the refusal of any person to purchase, lease or lend money on the Title covered by this policy. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72E604 ALTA 3.1-06 Zoning-Completed Stmcture (10-22-09) CLTA 123.2-06 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 1of 1 .>\1\\UUCAN lr\NP llltl oi,\;J,lfl·\l:P . ._ Order No. 00046579-994-X49 Policy No. Pru, orma-CA-FBSC-IMP-72306-l-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company The Company insures against loss or damage sustained by the Insured by reason of an environmental protection lien that, at Date of Policy, is recorded in the Public Records or filed in the records of the clerk of the United States district court for the district in which the Land is located, unless the environmental protection lien is set forth as an exception in Schedule B. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72E487 ALTA 8.2-06 Commercial Environmental Lien (10-16-08) CLTA 110.9.1-06 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 1of 1 AMHUCAN lt\1'011111 '"\tlt"'!:\ltUI>. Order No. 00046579-994-X49 Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued By Chicago Title Insurance Company 1. The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions in the policy. 2. For the purposes of this endorsement only, a. "Covenant" means a covenant, condition, limitation or restriction in a document or instrument in effect at Date of Policy. b. "Improvement" means a building, structure located on the surface of the Land, road, walkway, driveway, or curb, affixed to the Land at Date of Policy and that by law constitutes real property, but excluding any crops, landscaping, lawn, shrubbery, or trees. 3. The Company insures against loss or damage sustained by the Insured by reason of: a. A violation on the Land at Date of Policy of an enforceable Covenant, unless an exception in Schedule B of the policy identifies the violation; b. Enforced removal of an Improvement as a result of a violation, at Date of Policy, of a building setback line shown on a plat of subdivision recorded or filed in the Public Records, unless an exception in Schedule B of the policy identifies the violation; or c. A notice of a violation, recorded in the Public Records at Date of Policy, of an enforceable Covenant relating to environmental protection describing any part of the Land and refening to that Covenant, but only to the extent of the violation of the Covenant referred to in that notice, unless an exception in Schedule B of the policy identifies the notice of the violation. 4. This endorsement does not insure against loss or damage (and the Company will not pay costs, attomeys' fees, or expenses) resulting from: a. any Covenant contained in an instrument creating a lease; b. any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land; or c. except as provided in Section 3.c., any Covenant relating to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modifY any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72E712 ALTA 9.2-06 Covenants, Conditions and Restrictions -Improved Land-Owner's Policy ( 4-2-12) CLTA 100.10-06 Page 1 of 1 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. AMI:RiC.":\N l_r\Nll I_ Ill I ·\~\Ct( l:\! iP' Order No. 00046579-994-X49-DB Policy No. Pro r~.lrma-CA-FBSC-IMP-72306-1-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued By Chicago Title Insurance Company 1. The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions in the policy. 2. For the purposes of this endorsement only: a. "Covenant" means a covenant, condition, limitation or restriction in a document or instrument recorded in the Public Records at Date of Policy. b. "Private Right" means (i) an option to purchase; (ii) a right of first refusal; or (iii) a right of prior approval of a future purchaser or occupant. 3. The Company insures against loss or damage sustained by the Insured under this Owner's Policy if enforcement of a Private Right in a Covenant affecting the Title at Date of Policy based on a transfer of Title on or before Date of Policy causes a loss of the Insured's Title. 4. This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys' fees, or expenses) resulting from: a. any Covenant contained in an instrument creating a lease; b. any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land; c. any Covenant relating to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances; or d. any Private Right in an instrument identified in Exception(s) 17 in Schedule B. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms ofthe Company. 72E748 ALTA 9.9-06 Private Rights-Owner's Policy (4-2-13) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. r\Mt:IUC:\N ~A.NY !lrt 1 ,\\\tlf1-\l:P·'\ ·~· Order No. 00046579-994-X49 Policy No. Pro Forma-CA-FBSC-IMP-72306-l-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company The Company agrees that it will not assert the provisions of Exclusions from Coverage 3(a), (b), or (e) to deny liability for loss or damage otherwise insured against under the terms of the policy solely by reason of the action or inaction or Knowledge, as of Date of Policy, of whether or not imputed to the Insured by operation oflaw, provided (To be determined) acquired the Insured as a purchaser for value without Knowledge of the asserted defect, lien, encumbrance, adverse claim, or other matter insured against by the policy. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements to it. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72El21 ALTA 15-06 Nonimputation-Full Equity Transfer (6-17-06) CLTA 127-06 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page lof 1 :\Mf.IUCAN 1:\ND l!fll .. \\\,I(J.J,\!{1', Order No. 00046579-994-X49 Policy No. Prv r<orma-CA-FBSC-IMP-72306-1-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company The Company insures against loss or damage sustained by the Insured if, at Date of Policy (i) the Land does not abut and have both actual vehicular and pedestrian access to and from Gazelle Court and Whiptail Loop (the "Streets"), (ii) the Streets are not physically open and publicly maintained, or (iii) the Insured has no right to use existing curb cuts or entries along that portion of the Streets abutting the Land. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements to it. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72El25 ALTA 17-06 Access and Entry ( 6-17 -06) CLTA 103.11-06 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page !of I AMF.IUCAN l:·'.r-.:.~.l ·1. r r 1 t ;\~\!.ll"l;\1 :tl'-. Order No. 00046579-994-X49 Policy No. Pro Forma-CA-FBSC-IMP-72306-l-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company The Company insures against loss or damage sustained by the Insured by reason of the lack of a right of access to the following utilities or services: X X Water service Electrical power service X X Natural gas service Sanitary sewer X X Telephone service Storm water drainage either over, under or upon rights-of-way or easements for the benefit of the Land because of: (1) a gap or gore between the boundaries of the Land and the rights-of-way or easements; (2) a gap between the boundaries of the rights-of-way or easements ; or (3) a termination by a grantor, or its successor, of the rights-of-way or easements. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72£490 ALTA 17.2-06 Utility Access (10-16-08) CLTA 103.13-06 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 1of 1 AMEIUCAN lAND ll fl! ..,,~OCI·\[:1'"• Order No. 00046579-994-X49 Policy No. Pro rorma-CA-FBSC-IMP-72306-l-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company The Company insures against loss or damage sustained by the Insured by reason of the Land being taxed as part of a larger parcel of land or failing to constitute a separate tax parcel for real estate taxes. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements to it. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72El27 ALTA 18-06 Single Tax Parcel (6-17-06) CLTA 129-06 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 1of 1 1\,\HitiCAN I!U••P I! Ill .11,~\0C!Allt•x Order No. 00046579-994-X49 Policy No. Pro Forrria-CA-FBSC-IMP-72306-l-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company The Company insures against loss or damage sustained by the Insured by reason of: l. the failure of Parcels I and 2 described in Schedule A to be contiguous to each other along their common boundary line(s); or 2. the presence of any gaps, strips, or gores separating any of the contiguous boundary lines described above. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72El29 ALTA 19-06 Contiguity-Multiple Parcels (6-17-06) CLTA 116.4.1-06 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 1of 1 AMUUC/\N {,\NO lilt! Order No. 00046579-994-X49 Policy No. Pro ,·orma-CA-FBSC-IMP-72306-1-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company The Company insures against loss or damage sustained by the Insured by reason of the failure of a commercial structure, known as 2855 Gazelle Court, Carlsbad, CA, to be located on the Land at Date of Policy. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72E149 ALTA 22-06 Location (6-17-06) CLTA 116.01-06 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 1of 1 t\,\\l-\Ul'.\N lA Nil J II It A\\ (ICI .\ I ~ ~ > ,\ Order No. 00046579-994-X49 Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 PRO FORMA CO-INSURANCE ENDORSEMENT Attached to Co-Insurer's Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company ("Issuing Co-Insurer") Each title insurance company executing this Co-Insurance Endorsement, other than the Issuing Co-Insurer, shall be referred to as a "Co-Insurer." Issuing Co-Insurer and each Co-Insurer are collectively referred to as "Co-Insuring Companies." 1. By issuing this endorsement to the Co-Insurance Policy, each of the Co-Insuring Companies adopts the Co- Insurance Policy's Covered Risks, Exclusions, Conditions, Schedules and endorsements, subject to the limitations of this endorsement. Co-Insuring Companies Name and Address Policy Number (File Number) Amount of Insurance Issuing Co-Insurer Chicago Title Insurance Pro Forma-CA-PRO FORMA Co-Insurer Co-Insurer Co-Insurer Company P.O. Box 45023 Jacksonville, FL 32232-5023 Aggregate Amount oflnsurance FBSC-IMP-72306- 1-15-00046579 $ $ $ $ Percentage of Liability % % % % 2. Each of the Co-Insuring Companies shall be liable to the Insured only for its Percentage of Liability of: (a) the total of the loss or damage under the Co-Insurance Policy, but in no event greater than its respective Amount oflnsurance set forth in this endorsement; and (b) costs, attorneys' fees and expenses provided for in the Conditions. 3. Any notice of claim and any other notice or statement in writing required to be given under the Co-Insurance Policy must be given to each of the Co-Insuring Companies at its address set forth above. 4. Any endorsement to the Co-Insurance Policy issued after the date of this Co-Insurance Endorsement must be signed by each of the Co-Insuring Companies by its authorized officer or agent. 5. This Co-Insurance Endorsement is effective as of the Date of Policy of the Co-Insurance Policy. This Co-Insurance Endorsement may be executed in counterparts. This endorsement is issued as part of the Coinsurance Policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company 72E491 ALTA 23-06 Co-Insurance-Single Policy (10-16-08) CLTA 114.3-06 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 1of2 Ai\\ff.UCAN L\t-.D 111!1 Order No. 00046579-994-X49 Policy No. Pro • orma-CA-FBSC-IMP-72306-1-15-00046579 Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. Co-Insurer: Authorized Signature Co-Insurer: Authorized Signature Co-Insurer: Authorized Signature 72E491 ALTA 23-06 Co-Insurance-Single Policy (10-16-08) CLTA 114.3-06 Page 2 of2 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. AMf.lt.IC/I.N I_,.~N_P_ I ill t ~\\ti(!.~H{I ... Order No. 00046579-994-X49 Policy No. Pro Forrria-CA-FBSC-IMP-72306-1-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company The Company insures against loss or damage sustained by the Insured by reason of the failure of the Land as described in Schedule A to be the same as that identified on the survey made by Delta Surveying and Mapping dated November 29, 2015 last revised December 9, 2015, and designated Job No. 20151060-003. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72E495 ALTA 25-06 Same as Survey (10-16-08) CLTA 116.1-06 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 1of 1 AMHUCAN 1_,·\N.r~ 1.1111 ,\\\(lCL~l i\'" Order No. 00046579-994-X49 Policy No. Pr~.-• orma-CA-FBSC-IMP-72306-1-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company The Company insures against loss or damage sustained by the Insured by reason of the failure of the Land to constitute a lawfully created parcel according to the subdivision statutes and local subdivision ordinances applicable to the Land. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72E496 ALTA 26-06 Subdivision (10-16-08) CLTA 116.8-06 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 1of 1 AM Uti CAN t.:~N.r~ .. ~~ .11 t ,\~\~JCL~! :[H, Order No. 00046579-994-X49 Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company The Company insures against loss or damage sustained by the Insured if the exercise of the granted or reserved rights to use or maintain the easement(s) referred to in Exception(s) 6, II, I6, 23 and 25 of Schedule B results in: ( 1) damage to an existing building located on the Land, or (2) enforced removal or alteration of an existing building located on the Land, This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72E608 ALTA 28-06 Easement-Damage or Enforced Removal (02-03-1 0) CLTA 103.1-06 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. Page 1of 1 AM f. lUCAN IA_NP I'! Ill >1,\;!li).O,]:fl,'-, Order No. 00046579-994-X49 Policy No. Pn, , orma-CA-FBSC-IMP-72306-1-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued By Chicago Title Insurance Company 1. The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions in the policy. 2. For purposes of this endorsement only, "Improvement" means an existing building, located on either the Land or adjoining land at Date of Policy and that by law constitutes real property. 3. The Company insures against loss or damage sustained by the Insured by reason of: a. An encroachment of any Improvement located on the Land onto adjoining land or onto that portion of the Land subject to an easement, unless an exception in Schedule B of the policy identifies the encroachment; b. An encroachment of any Improvement located on adjoining land onto the Land at Date of Policy, unless an exception in Schedule B of the policy identifies the encroachment; c. Enforced removal of any Improvement located on the Land as a result of an encroachment by the Improvement onto any portion of the Land subject to any easement, in the event that the owners of the easement shall, for the purpose of exercising the right of use or maintenance of the easement, compel removal or relocation of the encroaching Improvement; or d. Enforced removal of any Improvement located on the Land that encroaches onto adjoining land. 4. This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys' fees, or expenses) resulting from the encroachments listed as Exceptions None of Schedule B. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72E719 ALTA 28.1-06 Encroachments-Boundaries and Easements (4-2-12) CLTA 103.14-06 Page 1 of 1 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. AM [lUCAN 11\NO r!lll 1\\\Ctt 1·\tto,.., Order No. 00046579-994-X49 Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued By Chicago Title Insurance Company 1. The insurance provided by this endorsement is subject to the exclusion in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions in the policy. 2. For purposes of this endorsement only, "Improvement" means a building on the Land at Date of Policy. 3. The Company insures against loss or damage sustained by the Insured by reason of the enforced removal or alteration of any Improvement resulting from the future exercise of any right existing at Date of Policy to use the surface of the Land for the extraction or development of minerals or any other subsurface substances excepted from the description of the Land or excepted in Schedule B. 4. This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys' fees, or expenses) resulting from: a. contamination, explosion, fire, vibration, fracturing, earthquake or subsidence; or b. negligence by a person or an Entity exercising a right to extract or develop minerals or other subsurface substances. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72E720 ALTA 35-06 Minerals and Other Subsurface Substances-Buildings (4-2-12) CLTA 140-06 Page I of I Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. -\Mf.RIC\N IAN() lHJ! \\\01"\.\J:tl.'-. Order No. 00046579-994-X49-DB·· Policy No. Pru Forma-CA-FBSC-IMP-72306-1-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued By Chicago Title Insurance Company When the policy is issued by the Company with a policy number and Date of Policy, the Company will not deny liability under the policy or any endorsements issued with the policy solely on the grounds that the policy or endorsements were issued electronically or lack signatures in accordance with the Conditions. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72E746 ALTA 39-06 Policy Authentication (4-2-13) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. t\Mfll!C,\N 1.-\N_tl 1. ~II { ·\\\(1(!,\l :~·-.; Order No. 00046579-994-X49 Policy No. Pro Forma~CA-FBSC-IMP-72306-1-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company The policy is hereby amended by deleting Paragraph 14 of the Conditions, relating to Arbitration. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. SE-91 Deletion of Arbitration Endorsement-ALTA Owner's Policy (6/17/06) Page 1 of 1 Order No. 00046579-994-X49 Policy No. Pr" i'Orma-CA-FBSC-IMP-72306-1-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company The Company insures against loss or damage sustained by the Insured by reason of damage to existing improvements, including lawns, shrubbery or trees, resulting from the exercise of any right to use the surface of the Land for the extraction or development of water excepted from the description of the Land or shown as a reservation in Schedule B. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 72E324 CLTA Form 103.5-06 (03-09-07) Water Rights-Surface Damage Page !of 1 Order No. 00046579-994-X49-DB Policy No. Pro Forma:CA-FBSC-IMP-72306-1-15-00046579 PRO FORMA ENDORSEMENT Attached to Policy No. Pro Forma-CA-FBSC-IMP-72306-1-15-00046579 Issued by Chicago Title Insurance Company 1. The Mezzanine Lender is: and each successor in ownership of its loan ("Mezzanine Loan") reserving, however, all rights and defenses as to any successor that the Company would have had against the Mezzanine Lender, unless the successor acquired the Indebtedness as a purchaser for value without Knowledge of the asserted defect, lien, encumbrance, adverse claim, or other matter insured against by this policy as affecting Title. 2. The Insured a. assigns to the Mezzanine Lender the right to receive any amount otherwise payable to the Insured under this policy, not to exceed the outstanding indebtedness under the Mezzanine Loan; and b. agrees that no amendment of or endorsement to this policy can be made without the written consent of the Mezzanine Lender. 3. The Company does not waive any defenses that it may have against the Insured, except as expressly stated in this endorsement. 4. In the event of a loss under the policy, the Company agrees that it will not assert the provisions of Exclusions from Coverage 3( a), (b), or (e) to refuse payment to the Mezzanine Lender solely by reason of the action or inaction or Knowledge, as ofDate ofPolicy, of the Insured, provided a. the Mezzanine Lender had no actual Knowledge of the defect, lien, encumbrance or other matter creating or causing loss on Date of Policy. b. this limitation on the application of Exclusions from Coverage 3( a), (b), and (e) shall 1. apply whether or not the Mezzanine Lender has acquired an interest (direct or indirect) in the Insured either on or after Date of Policy, and ii. benefit the Mezzanine Lender only without benefiting any other individual or entity that holds an interest (direct or indirect) in the Insured or the Land. 5. In the event of a loss under the Policy, the Company also agrees that it will not deny liability to the Mezzanine Lender on the ground that any or all of the ownership interests (direct or indirect) in the Insured have been transferred to or acquired by the Mezzanine Lender, either on or after the Date of Policy. 6. The Mezzanine Lender acknowledges a. that the Amount of Insurance under this policy shall be reduced by any amount the Company may pay under any policy insuring a mortgage to which exception is taken in Schedule B or to which the Insured has agreed, assumed, or taken subject, or which is hereafter executed by an Insured and which is a charge or lien on the estate or interest described or referred to in Schedule A, and the amount so paid shall be deemed a payment under this policy; and b. that the Company shall have the right to insure mortgages or other conveyances of an interest in the Land, without the consent of the Mezzanine Lender. 7. If the Insured, the Mezzanine Lender or others have conflicting claims to all or part of the loss payable under the Policy, the Company may interplead the amount of the loss into Court. The Insured and the Mezzanine Lender shall 81E821 ALTA 16-06 Mezzanine Financing (6-17-06) Page 33 of2 Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. AMI'It!LAN 1:\N[) IIIII Order No. 00046579-994-X49-DB Policy No. PL r'orma-CA-FBSC-IMP-72306-l-15-00046579 be jointly and severally liable for the Company's reasonable cost for the interpleader and subsequent proceedings, including attorneys' fees. The Company shall be entitled to payment of the sums for which the Insured and Mezzanine Lender are liable under the preceding sentence from the funds deposited into Court, and it may apply to the Court for their payment. 8. Whenever the Company has settled a claim and paid the Mezzanine Lender pursuant to this endorsement, the Company shall be subrogated and entitled to all rights and remedies that the Mezzanine Lender may have against any person or property arising from the Mezzanine Loan. However, the Company agrees that the Mezzanine Lender that it shall only exercise these rights, or any right of the Company to indemnification, against the Insured, the Mezzanine Loan borrower, or any guarantors of the Mezzanine Loan after the Mezzanine Lender has recovered its principal, interest, and costs of collection. This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements to it. AGREED AND CONSENTED TO: BMR-GAZELLE COURT LLC, a Delaware limited liability company Insert name of Mezzanine Lender By: __________ _ By: _________ _ Dated: PRO FORMA Chicago Title Insurance Company Countersigned by: Pro Forma Specimen Authorized Signature This is a Pro Forma Endorsement. It does not reflect the present state of the Title and is not a commitment to (i) insure the Title or (ii) issue any of the attached endorsements. Any such commitment must be an express written undertaking on appropriate forms of the Company. 81£821 ALTA 16-06 Mezzanine Financing (6-17-06) Copyright American Land Title Association. All rights reserved. The use of this Form is restricted to ALTA licensees and ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. AMUtiC.\N lr\ND II II! A\\(~ ( I,~ ) ! (J 1-. City of Carlsbad Faraday Center Faraday Cashiering 001 1608101-2 03/21/2015 156 Mon, Mar 21, 2016 01:55PM Receipt Ref Nbr: R1608101-2/0017 PERMITS -PERMITS Tran Ref Nbr: 160810102 0017 0017 Trans/Rcpt#: R0115945 SET #: SDP16009 Amount: Item Subtota 1: Item Total: ITEWS) TOTAL: Check (Chk# 297065) Total Received: Have a nice day! 1 @ $4,550.00 $4,550.00 $4,550.00 $4,550.00 $4,550.00 $4,550.00 **************CUSTOMER COPY************* City of Carlsbad 1635 Faraday Avenue Carlsbad CA 92008 11111111111111111111111111111111111111111111111111111111111111111 Applicant: IONIS PHARMACEUTICALS/ C/O SANDERS WAYNE Description Amount SDP16009 4,550.00 2855 GAZELLE CT CBAD Receipt Number: R0115946 Transaction ID: R0115946 Transaction Date: 03/21/2016 Pay Type Method Description Amount Payment Check 4,550.00 Transaction Amount: 4,550.00