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<br />5' j) :5S <br /> <br />Order No. 422910- TD <br /> <br />AL T A PLAIN <br />LANGUAGECOMMITTMENT <br /> <br />SCHEDULE A <br /> <br />1. <br /> <br />Commitment Date: <br /> <br />February 13, 1997 <br /> <br />2. <br /> <br />POliCY OR POliCIES TO BE ISSUED: <br /> <br />POliCY AMOUNT <br /> <br />(A) <br /> <br />OWNERS POliCY: <br /> <br />$TO BE DETERMINED <br /> <br />American Land Title Association Owner's Policy Fonn B-1970 <br /> <br />PROPOSED INSURED: <br /> <br />IRVINE APARTMENT COMMUNITIES, LP., a Delaware Limited Partnership <br /> <br />3. <br /> <br />(a) <br /> <br />THE ESTATE OR INTEREST IN THE LAND DESCRIBED IN TInS COMMITMENT IS: <br /> <br />A FEE <br /> <br />(b) <br /> <br />TITLE TO SAID ESTATE OR INTEREST AT THE DATE HEREOF IS VESTED IN: <br /> <br />RIAB DEVELOPMENT, INC., a California corporation <br /> <br />4. <br /> <br />The land referred to in this Commitment is situated in the State of California, County of San Mateo, <br />City of Redwood City and is described as follows: <br /> <br />Portion of the Fractional West U2 of the Northwest U4 of Section 17, and portion of the East U2 of the <br />Northeast U4 of Section 18, all in Township 5 South, Range 3 West, Mount Diablo Base and Meridian, more <br />particularly described as follows: <br /> <br />BEGINNING at the most Southerly comer of the lands described in the Deed from Earl P. Wilsey and wife, <br />to Eric Watkin, dated October 24, 1955 and recorded December 8, 1955 in Book 2930 of Official Records at <br />Page 733 (File No. l0941-N), Records of San Mateo County, California; thence from said point of beginning <br />along the Southeasterly boundary line of said lands, North 63° 45' East 1000.71 feet to the West Bank of <br />Redwood Creek; thence following along said West Bank and the meanderings thereof, the following courses <br />and distances, South 46° 24' East l44.78 feet, South 28° 41' East 452.10 feet, South 2° 46' West 201.30 feet <br />and South 12° 13' West 125 feet, more or less, to the Northerly boundary line of the lands described in the <br />Deed from Earl P. Wilsey and wife, to Leslie Salt Co., a Delaware corporation, dated April 2, 1946 and <br />recorded June 11, 1946 in Book 1284 of Official Records at Page 2ll (File No. 8885-G), Records of San Mateo <br />County, California; thence Westerly along said Northerly line, 1062 feet, more or less, to the Northeasterly <br />boundary line of the lands described in Parcel One of the Deed from Earl P. Wilsey and wife, to Bair Island <br />Corporation, dated April 2, 1946 and recorded June 11, 1946 in Book 1274 of Official Records at Page 243 (File <br />No. 8884-G), Records of San Mateo County, California; thence Northwesterly along said Northeasterly <br />boundary line and its Northwesterly prolongation 395 feet, more or less, to the point of beginning. <br /> <br />Page 2 <br /> <br />. """""""'-"'T <br />