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Grant Deed - Hoey Family to Meritage HomesRECORDING REQUESTED BY: First American Title -Insurance. Company o131- U14301AU WHEN RECORDED MAIL TO AND MAIL TAX STATEMENTS TO: Meritage Homes of California, Inc. 17851 N. 85`h Street, Suite 300 Scottsdale, Arizona 85255 Attention: Legal Department DOCUMENT: 22711600 _ Pages: 7 Fees 33..00 Taxes... Conf +} Copies.. AMT PAID 33.00 REGINA ALCOMENDRAS RDE q 006 SANTA CLARA COUNTY RECORDER 9/19/2014 Recorded at the requesf of 1100 AM Recording Service (Space Above for Recorder's Use) GRANT DEED The undersigned grantor declares: Documentary Transfer Tax not shown pursuant to Section 11932 of the California Revenue and Taxation Code Z OT Cj w, v M q th �ta C M FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which is hereby acknowledged "oey Family Partnership, a California limited partnership, hereby grants to MERITAGE HOMES OF CALIFORNIA, INC., a California corporation, the real property in the City of Gilroy, Santa Clara County, State of California, described in Exhibit "A" attached hereto and incorporated herein by this reference, together with (a) all buildings, structures, and improvements located thereon; (b) all development rights and credits, .air rights, water, water rights, and °water stock relating thereto;•(c) all right, title,-and interest of Grantor in and to all strips and gores, streets, alleys, easements, rights -of -way, public ways, or other rights appurtenant, adjacent, or connected thereto; (d) minerals, oil, gas, and other hydrocarbon substances therein, thereunder, or that may be produced therefrom; and (e) any other rights, privileges, appurtenances, hereditaments, easements, reversions, and remainders pertaining thereto or used in connection therewith. THIS GRANT AND CONVEYANCE IS. MADE AND ACCEPTED SUBJECT ONLY TO: those matters set forth on Exhibit "B" attached hereto and incorporated herein by this reference. [signature page follows] ma ( --} &Y 4a dotte regs' i r� Y i 1 r ?� n r" C M 1N WITNESS WHEREOF, the Grantor has executed this grant deed as of 20.14. GRANTOR: THE HOEY FAMILY PARTNERSHIP, a California limited partnership By: Name: Barbara A. Anmenta Its: General Partner By: Name: MarjoK YF. Siverson Its: General frartner _ , By: Name: , ames . H, Its:. G' neral Partner -STATE OF CALIFORNIA ) ) ss. .COUNTY OF SM C� On [ , 2014, before me, ins n 4 N dkn I , Notary Public, Date ame o 'otary I - - personally appeared %95k" A. AB'tem-1 Nktlorup. F stVERsvA "A J t o W. HaFY Narne(s) of ftner(s) who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s),Ware subscribed to the within instrument and acknowledged to me that hokhe/they executed the same in h}sAro /their authorized capacity(ies), and that by hisArer /their signature(s) on the instrument the person(s); or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that- the foregoing paragraph is true and correct. WITNESS my hand and official seal. o JILL FOWL Commission #►19 31345 -m Notary PubilC - Calftornla D z Santa Clara County M Comm. Expires Apr 28,2015i AiLadlf� Place Notary Seal Above IS i nature oJNotary Public FOR NOTARY SEAL OR STAMP EXHIBIT "A„ Legal Description Real property,in,the City of Gilroy,. County of Santa Clara, State of California, described as follows: PARCEL 3, AS SHOWN ON THAT'CERTAIN PARCEL MAP FILED IN OFFICE OF THE RECORDER OF THE COUNTY OF SANTA CLARA, STATE OF CALIFORNIA ON SEPTEMBER 10, 2008 IN BOOK 827 OF MAPS AT PAGES 12 -13. A.P.N.: 810 -20 -020 EXHIBIT "B" Permitted Exceptions 1. General and special taxes and ,assessments for the fiscal year 2014 -2015, a lien not yet due or payable. 2. Intentionally Deleted 3. Intentionally Deleted 4. Intentionally Deleted 5. Assessment liens, if applicable, collected with the general and special taxes, including but not limited to those disclosed by the reflection of the following on, the tax roll: Community Facilities District County Library. (all assessments due and payable have been, paid current) 6. The lien of supplemental taxes, if any, assessed pursuant to Chapter 3.5 commencing with Section 75 of the California Revenue and Taxation Code, as a result of a change in ownership or the completion of new construction occurring on or after the date of this policy. 7., Intentionally Deleted 8. Intentionally Deleted Ba. Intentionally Deleted 9. FUTURE FLOOD CONTROL RIGHT OF WAY AS DISCLOSED BY PARCEL MAP FILED FOR RECORD ON JULY 29,1971, IN BOOK 287 OF MAPS, AT PAGE 24, SANTA CLARA COUNTY RECORDS. 10., An easement for'storm drainage and incidental purposes, recorded April 22, 1980 as Book F285, Page 45 of Official Records. Ih Favor of: Gilroy County Club Estates Development Company Affects: As described therein 11. Intentionally Deleted .12. An easement for SANITARY SEWER and incidental purposes, recorded OCTOBER 20, 1989 as BOOK L135, PAGE 1017 of Official Records. In Favor of: CITY OF GILROY Affects: -As described therein - • - -• -. - 13. An easement fog, INSTALLATION AND MAINTENANCE OF AN UNDERGROUND SANITARY SEWER and incidental purposes, recorded JULY 9, 1991 as BOOK L777, PAGE 0798 of Official Records: In Favor of GOLDSMITH SEEDS, INC. Affects: As described therein 14. The Terms, Provisions and Easements) contained in the document entitled Easement Agreement recorded November 7; 1991 as Book L923, Page 1170 of Official Records. 15. An easement for INSTALLATION AND MAINTENANCE OF AN UNDERGROUND STORM DRAIN PIPELINE and incidental purposes, recorded DECEMBER 5, 1991 as BOOK L955, PAGE 1714 of Official Records. In Favor of: GOLDSMITH SEEDS, INC. Affects: As described therein 16. An easement for Underground sewer line and incidental purposes, recorded April 20, 1992 as Book M149, Page i058 of Official Records. In Favor of: Jess V. Arias and Josephine Arias Affects: As described therein Terms and provisions contained in the above document. 17. Intentionally Deleted 18. Intentionally Deleted 19. The terms and provisions contained in the document entitled Memorandum of Agreement recorded March 13, 2008 as Document No. 19776209 of Official Records. The terms and provisions contained in the document entitled "Assignment and Assumption Agreement" to be recorded in the Official Records concurrently herewith. ,20. The, terms and provisions contained in the document entitled City of Gilroy Development Agreement Relative to the Development known as Hecker Pass Specific. Plan recorded April 17, 2008 as Document No. 19817205 of Official Records. The terms and provisions contained in the document entitled "Assignment and Assumption Agreement" to be recorded in the Official Records concurrently herewith. 21. Intentionally Deleted 21a. Intentionally Deleted 22. Intentionally Deleted 23. Intentionally Deleted 23a. Intentionally Deleted. 23b. Intentionally Deleted. 23c. Intentionally Deleted. J 23d. Iiiterifiorially Deleted. — - 24. Intentionally Deleted 25. The following matters disclosed by an ALTA /ACSM survey made by Ruggeri Jensen Azar on July 18, 2014, designated Job No. 99400145001: a. The fact that wood, barbed wire and chained linklences are located inside and outside property boundary lines. b. The fact that edge of pavement is located inside and outside the property boundary. lines. c.: The fact that a path is 4.1' and 2.3° inside the Southerly boundary line. d: The fact that a gate is 6.1' outside the Easterly boundary line. e. The fact that a culvert is 7:6' inside the Easterly boundary line f. The fact that a pipe is-2.7' inside the Northerly boundary line. g. The fact-that -a gate is 2.2' inside''the'Northerly boundary line. 26: Intentionally Deleted 27. Intentionally Deleted 28. Intentionally Deleted 29. The lack of a right of access to and from the land. 30. Any rights, interests, or easements in favor of the public in the existing creek. known as Uvas Creek located on the Land, including -any private and/or public riparian water rights. 31. The terms and provisions contained in the document entitled "Memorandum ofAgree rent Concerning Surviving Obligations under Purchase Agreement" to be recorded in the - Official Records concurrently herewith. A "10 YTHUOO A11420gUA J , YTV1 UOD AAA1' ATNAZ RECORDING CIL Y S AMERICAN REQUESTED BY (9111-414301.4f, RECORDING REQUESTED BY AND WHEN RECORDED, MAIL TO: .City Clerk City of Gilroy City Hall 7351 Rosanna Street Gilroy., California 95020 DOCUMENT: 22711.601 Pages: 8 Fees.. 46 00 Taxes.... . Copies. AMT PAID 46700 REGINA ALCOMENDRAS RDE # 006 SANTA CLARA COUNTY RECORDER. 9/19/2014 Recorded at the request of 1100 AM Recording Service (SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE) ASSIGNMENT AND ASSUMPTION AGREEMENT THIS ASSIGNMENT AND ASSUMPTION. AGREEMENT ("this. Agreement'.'.) is made and entered into as ofIr :„ 1 �j, 2014, by .and between the THE HOEY FAMILY PARTNERSHIP, a California limited partnership ( "Transferor ") and MERITAGE HOMES OF CALIFORNIA, INC., a California corporation ( "Transferee "). RECITALS A. Transferor or a predecessor in interest of Transferor entered into that certain City of Gilroy Development Agreement Relative to the Development Known as Hecker Pass Specific Plan (the "Development Agreement ") with the City of Gilroy ( "City ") dated February 5, 2007, which was recorded on April 17, 2008 as Document No. 19817205 of the Official Records of Santa Clara County, California, pursuant to which Transferor as a member of a group of property owners agreed to build certain public improvements as a condition to City granting Transferor vested rights to develop certain property more particularly described in said Development Agreement as a portion of the "Subject Property ", all as subject to certain terms and conditions set forth in the Development Agreement. B. 'Transferor has agreed to convey and assign to Transferee all of Transferor's interests in a portion of the Subject Property, as legally described on Exhibit One attached hereto (the "Assigned Property "), by a deed or other written instrument, which will be recorded in the Official Records of Santa Clara County, California concurrently with the. recordation of thi's instrument. Transferor also has agreed to assign to Transferee all of Transferor's rights, duties and obligations under the Development Agreement with respect to the Assigned Property, including without limitation the rights, duties and obligations associated with the 100 Residential Development Ordinance Allocations (the "100 RDO Allocations ") that are allocated to the Assigned Property, with the intent that Transferor be relieved of all such rights, duties and obligations, as authorized under Article 8 of the Development Agreement. C. Transferee desires to assume all of Transferor's- rights, duties and obligations under the Development Agreement with respect to the Assigned Property (including without limitation the 100 RDO Allocations) and to relieve Transferor of all of said assigned rights, duties and obligations in reference to the Assigned Property and the 100 RDO Allocations. NOW, THEREFORE, Transferor•and Transferee hereby agree as follows: 1. Transferor hereby assigns, effective as of Transferor's conveyance of the Assigned Property to Transferee, all of the rights, title and interest of Transferor under the Development Agreement with respect to the Assigned Property, including without limitation the 100 RDO Allocations. Transferor retains all the rights, interest, and interests under the Development Agreement with respect to all other property within the Subject Property owned by Transferor. 2. Transferee hereby contractually assumes all of the burdens and obligations of Transferor under the Development Agreement, and agrees. to observe and fully perform all of the duties and obligations of Transferor under the Development Agreement, and to be subject to all the terms and conditions thereof, with respect to the Assigned Property and the 100 RDO Allocations, it being the express intention of both Transferor and Transferee that, upon the execution of'this Agreement, Transferee shall become substituted for Transferor as a member of "Applicant" under the Development Agreement with respect to the Assigned Property. It Also is, the express intention of both Transferor and Transferee that by this Agreement, Transferor shall be relieved of all obligations under the Development Agreement with respect to the Assigned Property and the 100 RDO Allocations, including without limitation any associated obligation to construct or finance construction of the Major Public Improvements or' to pay a portion of the Public Benefit Fee (as defined in the Development Agreement), and that City and,all other parties shall look solely to Transferee for satisfaction of such obligations. Transferee agrees to indemnify, defend and hold Transferor harmless from any claims, damages, liabilities, penalties, fines, causes of action, lawsuits, and other proceedings and costs and expenses in connection therewith, including reasonable attorneys' fees and costs, arising from City or other parties attempting to impose upon Transferor obligations that the parties intend Transferee to assume by this Agreement. Transferee represents and covenants that it has reviewed and agrees to be bound by the Development Agreement and all applicable regulations and approvals of City related thereto. 3. Transferor and Transferee agree that Transferee shall be entitled to all reimbursements and credits, if any, available on account of any prior payments by Transferor toward the Public Benefit Fee under Section 7.7 of the Development Agreement. 4. All of the covenants, terms, and 'conditions of the Development Agreement or set forth herein shall be binding upon and shall inure to the benefit of the parties hereto and their respective heirs, successors and assigns. 5. The Notice Address described in the Development Agreement for Transferee with respect to the Assigned Property shall be as follows: Meritage Homes of California, Inc 1671 East Monte Vista Avenue, Suite N -214 Vacaville, California 95688 Attn: Brian Bombeck.and Jenny Tan Telephone: 707 - 359 -2018 Facsimile: 707 - 359 -2054 .2 IN WITNESS HEREOF, the parties hereto have executed this Agreement as of the date first above written. TRANSFEROR: THE HOEY FAMILY PARTNERSHIP, a Califorria limited partnership By: Name: Barbara A. Armenta Its: General Partner By• Name: MrJorie F. Siverson Its: General Partner /1 A By: - VW Name: ames W. Hoey Its: Ge ral Partner TRANSFEREE: MERITAGE HOMES OF CALIFORNIA, INC., .a California corporation _By: SIGNED IN COUNTERPART Name: Its: u IN WITNESS HEREOF, the parties hereto have executed this Agreement as of the date first above written. TRANSFEROR: THE HOEY FANIILY PARTNERSHIP, a California limited partnership By: SIGNED IN COUNTERPART Name: Barbara A. Armenta Its: General Partner SIGNED IN COUNTERPART By: Name: Marjorie F. Siverson Its: General Partner SIGNED IN COUNTERPART BY: Name: James W. Hoey Its: General Partner TRANSFEREE: MEMrAGE 119 OF CALIFORNIA, INC., a N Its: CALIFORNIA ALL - PURPOSE ACKNOWLEDGEMENT File No: 0231- 6'19301ala (DB) STATE OF California )SS APN No: 810 - 20-020 COUNTY OF _5AAAM L440" ) On SEXY- /4 before me, J111 FOVAks , Notary Public, personally appeared 8A4 AMA 4. 4RAffiffA, ANA RZO&E f S1 VEASPA) 44 .TAME S w. N4 e who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) 1S/are subscribed to the within Instrument and acknowledged to me that he/sWthey executed the same in hisAte /their authorized capacity(ies), and that by higher /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under'the laws of the State of-Califomia that the foregoing paragraph is true and correct. WITNESS my han and official seal. • JILL FOWLKS Signature Commission # 1931345 = m Notary Public - California zz Z ' Santa Clara County M Comm. Explres Apr 28, 2015 This area for official notarial seal. OPTIONAL SECTION - NOT PART OF NOTARY ACKNOWLEDGEMENT CAPACITY CLAIMED BY SIGNER Though statute does not-require:the Notary to fill in the data below, doing so may prove invaluable to persons relying on the documents. 0 INDIVIDUAL CORPORATE OFFICER(S) TITLES) PARTNER(S) ❑ LIMITED. ❑ ATTORNEY- IN-FACT ❑ TRUSTEE(S) GUARDIAN /CONSERVATOR ❑ OTHER SIGNER IS REPRESENTING: Name of Person or Entity ❑ GENERAL Name of- Person or Entity OPTIONAL SECTION - NOT PART OF NOTARY ACKNOWLEDGEMENT Though the data requested here is not required by law, it could prevent fraudulent reattachment'of this form. THIS CERTIFICATE MUST BE ATTACHED TO THE DOCUMENT DESCRIBED BELOW TITLE OR TYPE OF DOCUMENT: NUMBER OF PAGES DATE OF DOCUMENT SIGNER('S) OTHER THAN NAMED ABOVE Reproduced by First American Tide Company 1112007 STATE OF CALIFORNIA ) `` ) ss. COUNTY OF t�lC2x�Q ) On $ j 2014, before me. �C1P ►'�P �'CQ t'� CO�c�d . Notary Public, Date ,Nara ojNota C� personally appeared CL n w Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her /their authorized capacity(ies), and that by his/her /their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official sea]. 50 REBECCA A. GODDARD Commission * 1995642 Notary Public - California i I - Sclano County Place Notary Seal Above Signature of Notary Public FOR NOTARY SEAL OR STAMP EXHIBIT ONE _ Assignment and Assumption Agreement Legal Descriptions of'the Subject Property All of that real property in the City of Gilroy, County of Santa Clara, State of California, more particularly described as follows attached to this Exhibit One and made a part hereof: Real property in the City.of Gilroy, County of Santa Clara, State of California, described as follows: PARCEL 3, AS SHOWN ON THAT CERTAIN PARCEL MAP FILED IN OFFICE OF THE RECORDER OF THE COUNTY OF SANTA CLARA, STATE OF CALIFORNIA ON SEPTEMBER 10, 2008 IN BOOK 827 OF MAPS AT PAGES 12 -13. A.P.N.: 810 -20 -020 0 ti aiiit toot mg:) Ot Ri ajdT tnmuoob of# to yqo* imW .93mo tidt ni so no . RYA 930103i QUO YTIAUO:) 'Y"VIUCO AUK) ANA? Thy b to coy that thin b a tm. copy of docunmt _ on Me in this oMco.' ATTESt SEP '2 9 2014 COUNTY CLERK- RECORDER SANTA CLARA COUNTY, CALIFORNIA