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Meritage Homes - Insurance CertificatesAcoR®® CERTIFICATE OF LIABILITY INSURANCE `� DATE (MM/DD/YYYY) 1 9/29/2017 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER Gore Lieske & Associates Insurance Brokers, LP 15901 Red Hill Ave Suite 100 Tustin CA 92780 CONTACT Tyler Lund PHONE 714 - 505-7000 FAX 714- 573 -1770 A DRIE . tlund @gorelieske.com INSURERS AFFORDING COVERAGE NAIC # Y INSURER A-LIBERTY MUT FIRE INS CO 23035 10/1/2005 INSURED MERIT -3 INSURER B AIG tpeciafty Special Insurance Co 26883 Meritage Homes Corporation 8800 East Raintree Dr, Ste 300 Scottsdale, AZ 85260 INSURER C INSURER D . INSURER E $50,000 INSURER F MED EXP (Any one person $0 COVERAGES CERTIFICATE NUMBER- 1337354879 REVISION NUMRER- THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS INSR LTR TYPE OF INSURANCE INSD WVD POLICY NUMBER POLICY EFF MM/DD POLICY EXP MM/DD/YYYY LIMITS B X COMMERCIALGENERALLIABILITY Y RMGL5749895 10/1/2005 1011/2018 EACH OCCURRENCE $3,000,000 CLAIMS -MADE ❑X OCCUR DA AGE To RENTED PREMISES Ea occurrence) $50,000 MED EXP (Any one person $0 PERSONAL 8 ADV INJURY $3,000,000 GEN'L AGGREGATE LIMIT APPLIES PER GENERAL AGGREGATE $3,000,000 POLICY Z PRO- JECT F—] LOC PRODUCTS - COMP /OP AGG $3,000,000 $ OTHER AUTOMOBILE LIABILITY MBINED Ea accident N LIMI $ BODILY INJURY (Per person) $ ANY AUTO AUTS OWNED SCHEDULED BODILY INJURY (Per accident) $ HIRED AUTOS NON -OWNED AUTOS PROPER DAMAGE Per accident $ UMBRELLA LIAB OCCUR EACH OCCURRENCE $ HCLAIMS-MADE AGGREGATE $ EXCESS LIAR DED RETENTION $ 1 $ A WORKERS COMPENSATION AND EMPLOYERS' LIABILITY Y / N WC2 -Z91- 434715 -057 10/112017 10/1/2018 X PER OTH- STATUTE ER ANY PROPRIETOR/PARTNER/EXECUTIVE E L EACH ACCIDENT $1,000,000 OFFICER/MEMBER EXCLUDED? NIA E L DISEASE - EA EMPLOYEE $1,000,000 (Mandatory in NH) If yes, describe under DESCRIPTION OF OPERATIONS below E L DISEASE - POLICY LIMIT $1,000,000 DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached If more space is required) Re: HECKER PASS — HEARTLAND ESTATES II — TR 10315 THE CITY OF GILROY, IT'S OFFICERS, OFFICIALS AND EMPLOYEES It is a condition of the General Liability that the City of Gilroy is hereby added as Additional Insureds only to the extent assumed by the Insured under the written contract, subject to the policy terms, conditions and exclusions as required by written contract. City of Gilroy 7351 Rosanna Street Gilroy CA 95020 GANGELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED ©1988 -2014 ACORD CORPORATION. All rights reserved. ACORD 25 (2014101) The ACORD name and logo are registered marks of ACORD POLICY NUMBER 574-98 -95 COMMERCIAL GENERAL LIABILITY CG 2012 0413 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - STATE OR GOVERNMENTAL AGENCY OR SUBDIVISION OR POLITICAL SUBDIVISION - PERMITS OR AUTHORIZATIONS This endorsement modifies insurance provided under the following COMMERCIAL GENERAL LIABILITY COVERAGE PART SCHEDULE State Or Governmental Agency Or Subdivision Or Political Subdivision: City of Gilroy, It's Officers, Officials, and Employees 7351 Rosana Street Gilroy, CA 95020 Information required to complete this Schedule, if not shown above, will be shown in the Declarations A. Section II — Who Is An Insured is amended to include as an additional insured any state or governmental agency or subdivision or political subdivision shown in the Schedule, subject to the following provisions 1. This insurance applies only with respect to operations performed by you or on your behalf for which the state or governmental agency or subdivision or political subdivision has issued a permit or authorization. However a. The insurance afforded to such additional insured only applies to the extent permitted by law, and b. If coverage provided to the additional insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional insured 2. This insurance does not apply to- a. "Bodily injury", "property damage" or "personal and advertising injury" arising out of operations performed for the federal government, state or municipality, or b. "Bodily injury" or "property damage" included within the "products- completed operations hazard" B. With respect to the insurance afforded to these additional insureds, the following is added to Section III — Limits Of Insurance: If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance 1. Required by the contract or agreement; or 2. Available under the applicable Limits of Insurance shown in the Declarations, whichever is less This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations. CG 2012 0413 © Insurance Services Office, Inc, 2012 Page 1 of 1 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT # 1 This endorsement, effective 12 01 A.M. 1011/05 forms a pert of Policy No. 574 -98 -95 issued to Meritage Hordes Corportalon by American International Specialty Lines insurance Company ADDITIONAL INSURED •• WHERE REQUIRED UNDER CONTRACT OR AGREEMENT This or)dorsurvenr moaifies ins uranco provided under the following: GENERAL LIAB1LiTY COVERAGE PART Section II - Who Is an Insured, of the General Liability Coverage Part, is amended to add: 0. Any person or organization to whom you become obligated to include as an additional Insured under this policy, as a result of any contract or agreement you enter into which requlros you to furnish insurance to that person or organization of the type providod by this policy, but only with respect to liability arising out of your oporations or premises owned by or rented to you. However, the insurance provided will not exceed the lesser of: 1. The coverage and/or firnits of this policy, or 2. The coverage end /or limits required by said contract or agreement. T--, �' P�- --- AUTHORIZED REPRESENTATIVE OR COUNTERSIGNATURE{ IN STATES WHERE REQUIRED ) ACCPR` b® EVIDENCE OF COMMERCIAL PROPERTY INSURANCE DATE(MMIDDNYYIO 9/29/2017 THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. PRODUCER NAME, I PHONE .714 -5 0 5 -7 0 0 0 CONTACT PERSON AND ADDRESS COMPANY NAME AND ADDRESS NAIC NO 41718 Gore Lieske & Associates Insurance Brokers, LP ENDURANCE AMER SPECIALTY INS CO 15901 Red Hill Ave Suite 100 4 MANHATTANVILLE ROAD, Tustin CA 92780 DE 10577 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH FAX No,714- 573 -1770 ADDRIESStlund @gorelieske.com CODE, SUB CODE. POLICY TYPE Commercial Package (Builders Risk / Property) AGENCY CUSTOMER 10 M NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER Meritage Homes Corporation IMP100078607 -02 8800 East Raintree Dr, Ste 300 EFFECTIVE DATE EXPIRATION DATE CONTINUED UNTIL Scottsdale, AZ 85260 10/01/2017 10/01/2018 TERMINATED IF CHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED YKUF'tK I Y INI-UKMA I IUN Use KLMAKKb on page "L, IT mores ace Is re UIreC QLj f3UILUINU UK LJ I3UbINLbb FOLKbUNAL PKUYtK I Y LOCATION / DESCRIPTION THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. /YIVC112A/2C IWCACIIAATIr%J —1. c ,A, c„— 7 1 m—, I I connn I I --Al T 1 l n; -1- r....1 11 —Q r an COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE $30,000,000 DED 25 000 YES NO N/A HxLoss ® BUSINESS INCOME C3 RENTAL VALUE City of Gilroy 7351 Rosanna Street If YES, LIMIT Actual Loss Sustained, # of months 12 BLANKET COVERAGE X AUTHORIZED REPRESENTATIVE If YES, indicate value(s) reported on property identified above_ $ TERRORISM COVERAGE X Attach Disclosure Notice / DEC IS THERE A TERRORISM - SPECIFIC EXCLUSION? X IS DOMESTIC TERRORISM EXCLUDED? X LIMITED FUNGUS COVERAGE X If YES, LIMIT 15,000 DED_ FUNGUS EXCLUSION (If "YES ", speafy organization's form used) X REPLACEMENT COST X AGREED VALUE X COINSURANCE X If YES, % EQUIPMENT BREAKDOWN (If Applicable) X If YES, LIMIT DED ORDINANCE OR LAW - Coverage for toss to undamaged portion of bldg X If YES, LIMIT Covered DED Demolition Costs X If YES, LIMIT 2,500,000 DED Incr Cost of Construction X If YES, LIMIT INCL DED EARTH MOVEMENT (if Applicable) X If YES, LIMIT 10,000,000 DED See Remarks FLOOD (If Applicable) X If YES, LIMIT 10, 000, 000 DED See Remarks WIND / HAIL INCL ® YES ❑ NO Subject to Different Provisions X If YES, LIMIT Included DED. 250,000 NAMED STORM INCL ® YES ❑ rJ0 Subject to Different Provisions X If YES, LIMIT. 30,000,000 DED See Remarks PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO LOSS X CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AnnlTIAN01 INTFRFRT ACUKU ZS (ZU114 10) Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD MORTGAGEE LENDERS LOSS PAYABLE CONTRACT OF SALE Payee LENDER SERVICING AGENT NAME AND ADDRESS HxLoss NAME AND ADDRESS City of Gilroy 7351 Rosanna Street Gilroy CA AUTHORIZED REPRESENTATIVE ACUKU ZS (ZU114 10) Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD Page 2 of 2 rvIurN6r ur GvmmrKGIAL FKUrtK IT nVauKANUr KrmAKr%O - mcwaing opeciai uonamons (use omy it more space is regwreo) Special Conditions: Coverage Summary Property /Builders Risk /Mobile Equipment. Builders Risk includes property under construction, inventory, model homes and their contents and sales trailers and their contents. This policy insures against risks of direct physical loss or damage, including Earthquake, Flood and Wind, subject to policy terms and conditions. $30,000,000 per occurrence. Flood & EQ subject to $10,000,000 sublimit. Corporate Locations: Subject to scheduled values per location as outlined in SOV on file with carrier. Deductible: $25,000 Per Occurrence - all covered perils EXCEPT: Earthquake: 5% of the actual value per unit of insurance at the time of loss at locations within California, parts of Nevada and ISO Zone 1, subject to a minimum of $250,000 per occurrence. 2% of the actual value per unit of insurance at the time of loss at locations within all other states (ISO Zone 2) subject to a minimum of $250,000 per occurrence. Flood: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Special Flood Hazard Areas (SFHA); Flood Zone A & V, areas of 100 year flood zones as defined by FEMA, subject to a $500,000 Minimum. Special Flood Endorsement applies. All other Flood zones subject to $25,000 deductible. Named Wind Storm: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Florida, subject to a minimum of $250,000 per occurrence. 5% of the actual value per unit of insurance at the time of loss at locations in Tier One counties and Houston area, subject to a minimum of $250,000 per occurrence. All Other, subject to $25,000 deductible. Evidence Only RE: Hecker Pass, East Cluster City of Gilroy is included as Loss Payee as respects referenced Builders Risk coverage. ACORO® CERTIFICATE OF LIABILITY INSURANCE `./ DATE(MMIDD/YYY1r) 1 9/29/20.17 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(iss) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER Gore Lieske & Associates Insurance Brokers, LP 15901 Red HIII Ave Suite 100 Tustin CA 92780 CONTACT Tyler Lund PNONE 714- 505 -7000 FAX 714- 573 -1770 E-MAIL ADDRESS, tlund @gorelieske.com INSURERS AFFORDING COVERAGE NAIC q Y INSURERA:LIBERTY MUT FIRE INS CO 23035 10/1/2005 INSURED MERIT -3 INSURERB:AIG -Specialty Insurance Co 26883 Meritage Homes Corporation 8800 East Raintree Dr, Ste 300 Scottsdale, AZ 85260 INSURER C : INSURER D : - - INSURER E $50,000 INSURER F: MED EXP Any one person) $0 COVERAGES CERTIFICATE NUMBER: 1730376831 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS INSR LTR TYPE OF INSURANCE INSD WVD POLICY NUMBER POLICY EFF MM /DD/YYYY POLICY EXP MM /DDNYYY LIMITS B X COMMERCIAL GENERAL LIABILITY Y RMGL5749895 10/1/2005 10/112018 EACH OCCURRENCE $3,000,000 CLAIMS -MADE FX OCCUR DAMAGES ( RENTED PREMISE Ea o urrence ) $50,000 MED EXP Any one person) $0 PERSONAL 6 ADV INJURY $3,000,000 GEN'L AGGREGATE LIMIT APPLIES PER GENERAL AGGREGATE $3,000,000 POLICY PRO- F7 LOC PRODUCTS - COMP /OP AGG $3,000,000 $ OTHER AUTOMOBILE LIABILITY Ea accident $ BODILY INJURY (Per person) $ ANY AUTO ALL OOWNED SCHEDULED BODILY INJURY (Per accident) $ HIRED AUTOS NON -OWNED AUTOS PROPERTY DAMAGE Per acc dent $ $ UMBRELLA LU\B OCCI EACH OCCURRENCE $ AGGREGATE $ EXCESS LIAB CLAIMS -MADE DED RETENTION $ $ A WORKERS COMPENSATION AND EMPLOYERS' LIABILITY YIN WC2 -Z91- 434715 -057 10/1/2017 10/1/2018 X PER ETH- STATUTE ER ANY PROPRIETCWPARTNER/EXECUTIVE E L EACH ACCIDENT $1,000,000 _ OFFICER/MEMBER EXCLUDED? NIA E L DISEASE - EA EMPLOYE $1,000,000 (Mandatory in NH) If Yes, descnbe under DESCRIPTION OF OPERATIONS below E L DISEASE - POLICY LIMIT 1 $1,000,000 DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached H more space Is required) Re: Heartland West (Hoey /Arias) THE CITY OF GILROY, IT'S OFFICERS, OFFICIALS AND EMPLOYEES It is a condition of the General Liability that the City of Gilroy is hereby added as Additional Insureds only to the extent assumed by the Insured under the written contract, subject to the policy terms, conditions and exclusions as required by written contract. l,tK 1 It II:A 1 t MULUtK I:ANI:tLL.A I IUN City of Gilroy 7351 Rosanna Street Gilroy CA 95020 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. REPRESENTATIVE ©1988 -2014 ACORD CORPORATION. All rights reserved. ACORD 25 (2014101) The ACORD name and logo are registered marks of ACORD POLICY NUMBER 574-98 -95 COMMERCIAL GENERAL LIABILITY CG 2012 0413 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - STATE OR GOVERNMENTAL AGENCY OR SUBDIVISION OR POLITICAL SUBDIVISION - PERMITS OR AUTHORIZATIONS This endorsement modifies insurance provided under the following COMMERCIAL GENERAL LIABILITY COVERAGE PART SCHEDULE State Or Governmental Agency Or Subdivision Or Political Subdivision: City of Gilroy, It's Officers, Officials, and Employees 7351 Rosana Street Gilroy, CA 95020 l Information required to complete this Schedule, if not shown above, will be shown in the Declarations A. Section II — Who Is An Insured is amended to include as an additional insured any state or governmental agency or subdivision or political subdivision shown in the Schedule, subject to the following provisions 1. This insurance applies only with respect to operations performed by you or on your behalf for which the state or governmental agency or subdivision or political subdivision has issued a permit or authorization. However a. The insurance afforded to such additional insured only applies to the extent permitted by law, and b. If coverage provided to the additional insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional insured 2. This insurance does not apply to* a. "Bodily injury ", "property damage" or "personal and advertising injury" arising out of operations performed for the federal government, state or municipality, or b. "Bodily injury" or "property damage" included within the "products- completed operations hazard" B. With respect to the insurance afforded to these additional insureds, the following is added to Section III — Limits Of Insurance: If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance 1. Required by the contract or agreement, or 2. Available under the applicable Limits of Insurance shown in the Declarations, whichever is less This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations CG 2012 0413 Q Insurance Services Office, Inc, 2012 Page 1 of 1 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT # 1 This endorsement, effective 12 01 A.M. 1011105 forrrs a part of Policy No. 574 -95 -95 issued to Meritage Homes Corportalon by American International Specialty Lines Insurance Company ADDITIONAL INSURED WHERE REQUIRED UNDER CONTRACT OR AGREEMENT This oi)dunwmenf moarfies insuranco provided under the fallowing: GENERAL LIABILITY COVERAGE PART Section 11 - Who is an Insured, of the General Liability Coverage Part, is amended to add: 0. Any person or organization to whom you become obligated to include as an additional insured under this policy, as a result of any contract or agreement you enter into which requires you to furnish insurance to that person or organization of the type provided by this policy, but only with respect to liability arising out of your operations or premises owned by or rented to you. Howevei, the insurance provided will not exceed the lesser of: 1. The coverage and/or limits of this policy, or 2. The coverage end /or limits required by said contract or agreement. AUTHORIZED REPRESENTATIVE OR COUNTERS;GNATURE( IN STATES WHERE REQUIRED) �® EVIDENCE OF COMMERCIAL PROPERTY INSURANCE DATE (MM /DDNYYY) 9/29/2017 THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. PRODUCER NAME, I PHONE CONTACT PERSON AND ADDRESS • 714 - 5 0 5 - 7 0 0 O COMPANY NAME AND ADDRESS NAIC NO• 41718 Gore Lieske & Associates Insurance Brokers, LP ENDURANCE AMER SPECIALTY INS CO 15901 Red Hill Ave Suite 100 4 MANHATTANVILLE ROAD, Tustin CA 92780 DE 10577 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH FAX No•714- 573 -1770 AD RIESS.tlund@ orelieske com CODE: SUB CODE. POLICY TYPE Commercial Package (Builders Risk / Property) AGENCY CUER 10 M. NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER Meritage Homes Corporation IMP100078607 -02 8800 East Raintree Dr, Ste 300 EFFECTIVE DATE EXPIRATION DATE CONTINUED UNTIL Scottsdale, AZ 85260 10/01/2017 10/01/2018 TERMINATED IF CHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED: PROPERTY INFORMATION Use REMARKS on page 2, It mores ace Is required) W BUILDING OR LJ BU51NE55 PER50NAL PROPERTY LOCATION I DESCRIPTION E: Heartland Gardens. THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. I`n\ /CDArC IKIC/10IIAATVIIU -11 c 1\ICI loon 1 1 oACin I I oonAn Coonl Al v Al l 13; 1- T-1 V11. A r_ Vr) COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE $30,000,000 DED 25 000 YES NO NIA ® BUSINESS INCOME ❑ RENTAL VALUE x 7351 Rosanna Street If YES, LIMIT Actual Loss Sustained, # of months 12 BLANKET COVERAGE X AUTHORIZED REPRESENTATIVE If YES, indicate value(s) reported on property identified above $ TERRORISM COVERAGE % Attach Disclosure Notice / DEC IS THERE A TERRORISM- SPECIFIC EXCLUSION? g IS DOMESTIC TERRORISM EXCLUDED? X LIMITED FUNGUS COVERAGE X If YES, LIMIT 15,000 DED FUNGUS EXCLUSION (If "YES ", specify organization's form used) X REPLACEMENT COST X AGREED VALUE g COINSURANCE X If YES, % EQUIPMENT BREAKDOWN (If Applicable) X If YES, LIMIT DED ORDINANCE OR LAW - Coverage for loss to undamaged portion of bldg x If YES, LIMIT Covered DED Demolition Costs X If YES, LIMIT 2,500,000 DED Incr Cost of Construction X If YES, LIMIT INCL DED EARTH MOVEMENT (if Applicable) g If YES, LIMIT 10,000,000 DED See Remarks FLOOD (If Applicable) X If YES, LIMIT 1 DED See Remarks__ _ WIND / HAIL INCL ® YES ❑ NO Subject to Different Provisions X If YES, LIMIT Included DED -250,000 NAME_D_STORM INCL ® YES_ ❑ NO Subject to Different Provisions X If YES, LIMIT 30,000,000 DED See Remarks PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO LOSS 1XI CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. ADDITIONAI INTFRF3T AUURD 2S (2014101) Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD MORTGAGEE LENDERS LOSS PAYABLE CONTRACT OF SALE LOSS Payee LENDER SERVICING AGENT NAME AND ADDRESS NAME AND ADDRESS City of Gilroy 7351 Rosanna Street Gilroy CA 95020 AUTHORIZED REPRESENTATIVE AUURD 2S (2014101) Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD Page 2 of 2 rvwrnur ur uvmmtKUTAL VKUVLK i r INOUKANUr KrmAKKb - incwaing speciai uonaitions fuse omy IT more space is requlrea) Special Conditions. Coverage Summary Property /Builders Risk /Mobile Equipment. Builders Risk includes property under construction, inventory, model homes and their contents and sales trailers and their contents. This policy insures against risks of direct physical loss or damage, including Earthquake, Flood and Wind, subject to policy terms and conditions. $30,000,000 per occurrence. Flood & EQ subject to $10,000,000 sublimit. Corporate Locations: Subject to scheduled values per location as outlined in SOV on file with carrier. Deductible: $25,000 Per Occurrence - all covered perils EXCEPT: Earthquake: 5% of the actual value per unit of insurance at the time of loss at locations within California, parts of Nevada and ISO Zone 1, subject to a minimum of $250,000 per occurrence. 2% of the actual value per unit of insurance at the time of loss at locations within all other states (ISO Zone 2) subject to a minimum of $250,000 per occurrence. Flood: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Special Flood Hazard Areas (SFHA); Flood Zone A & V, areas of 100 year flood zones as defined by FEMA, subject to a $500,000 Minimum. Special Flood Endorsement applies. All other Flood zones subject to $25,000 deductible. Named Wind Storm: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Florida, subject to a minimum of $250,000 per occurrence. 5% of the actual value per unit of insurance at the time of loss at locations in Tier One counties and Houston area, subject to a minimum of $250,000 per occurrence. All Other, subject to $25,000 deductible. ACCOR ® ® CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYY`r) 9/29/2017 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER Gore Lieske & Associates Insurance Brokers, LP 15901 Red Hill Ave Suite 100 Tustin CA 92780 NAME: Tyler Lund PHONE 714- 505 -7000 FAX 7I4- 573 -1770 EMAIL ADDRESS. tiund @gorelleske.com INSURERS AFFORDING COVERAGE NAIC # 10/1/2005 INSURER A. LIBERTY MUT FIRE INS CO 23035 $3,000,000 INSURED MERIT -3 INSURERB.AIG Specialty Insurance Co 26883_ Meritage Homes Corporation 8800 East Raintree Dr, Ste 300 Scottsdale, AZ 85260 INSURER C . $0 INSURER D PERSONAL 8 ADV INJURY $3,000.000 70THER L AGGREGATE LIMIT APPLIES PER POLICY [K] JECOT- 7 LOC INSURER E. $3,000,000 INSURER F. $3,000,000 COVERAGES CERTIFICATE NUMBER: 493917696 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS O_ F SUCH POLICIES LIMITS_ SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS INSR LTR TYPE OF INSURANCE INSD WVD POLICY NUMBER POLICY EFF MMIDD/YYYY POLICY EXP MM /DDMIYY LIMITS B X COMMERCIAL GENERAL LIABILITY CLAIMS -MADE FX OCCUR Y RMGL5749895 10/1/2005 10/1/2018 EACH OCCURRENCE $3,000,000 PREM SES Ea occu ante $50,000 MED EXP (Any one person $0 PERSONAL 8 ADV INJURY $3,000.000 70THER L AGGREGATE LIMIT APPLIES PER POLICY [K] JECOT- 7 LOC GENERAL AGGREGATE $3,000,000 PRODUCTS - COMP /OP AGG $3,000,000 $ AUTOMOBILE LIABILITY ANY AUTO AUTOS NED SCHEDULED HIRED AUTOS NON -OWNED AUTOS MBINED LIMIT Ea accident SINGLE $ BODILY INJURY (Per person) $ BODILY INJURY (Per accident) $ PROPERTY DAMAGE Per .cc dent $ UMBRELLA LIAB EXCESS LIAB OCCUR CLAIMS -MADE EACH OCCURRENCE $ AGGREGATE $ DE I RETENTION $ $ A WORKERS COMPENSATION AND EMPLOYERS' LIABILITY Y / N ANY PROPRIETOR/PARTNER/EXECUTIVE ❑ OFFICER/MEMBER EXCLUDED? (Mandatory .n NH) If Yes. describe under DESCRIPTION OF OPERATIONS below NIA WC2- Z91- 434715 -057 10/1/2017 10/1/2018 X PER DTH- STATUTE ER E L EACH ACCIDENT $1,000,000 EL DISEASE - EA EMPLOYEE $1,000,000 EL DISEASE - POLICY LIMIT $1,000,000 DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached If more space Is required) RE: Heartland Gardens. THE CITY OF GILROY, IT'S OFFICERS, OFFICIALS AND EMPLOYEES It is a condition of the General Liability that the City of Gilroy, it's officers, officials and employees are hereby added as Additional Insureds only to the extent assumed by the Insured under the written contract, subject to the policy terms, conditions and exclusions as required by Written contract. I; Lei R•1a:`i City of Gilroy 7351 Rosanna Street Gilroy CA 95020 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. REPRESENTATIVE @ 1988 -2014 ACORD CORPORATION. All riahts reserved. ACORD 25 (2014/01) The ACORD name and logo are registered marks of ACORD THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT # 1 This endorsement, effective 12 01 A.M. 1011105 forms a pert of Policy No. 574 -98 -95 issued to Meritage Homes Corportalon by American International Specialty Lines Insurance Company ADDITIONAL INSURED - WHERE REQUIRED UNDER CONTRACT OR AGREEMENT This crndursumenr nroaifies insurance provided under the following: GENERAL LIABILITY COVERAGE PART Section II - Who is an Insured, of the General Liability Coverage Part, is amended to add: 0. Any person or organization to whcm you become obllgated to include as an additional insured under this policy, as a result of any contract or agreement you enter into which requiros you to furnish insurance to that psrson or organization of the type provided by this policy, but only with respect to liability arising out of your oporations or premises owned by or rented to you Howevei, the Insurance provided will not exceed the lesser of: 1. The coverage and/or limits of this policy, or 2. The coverage and/or limits requirod by said contract or agreement. t AUTHORIZED REPRESENTATIVE OR COUNTERSIGNATURE { IN STATES WHERE REQUIRED ) POLICY NUMBER' 574-98 -95 COMMERCIAL GENERAL LIABILITY CG 2012 0413 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - STATE OR GOVERNMENTAL AGENCY OR SUBDIVISION OR POLITICAL SUBDIVISION - PERMITS OR AUTHORIZATIONS This endorsement modifies insurance provided under the following COMMERCIAL GENERAL LIABILITY COVERAGE PART SCHEDULE State Or Governmental Agency Or Subdivision Or Political Subdivision: City of Gilroy, It's Officers, Officials, and Employees 7351 Rosana Street Gilroy, CA 95020 Information required to complete this Schedule, if not shown above, will be shown in the Declarations A. Section II — Who Is An Insured is amended to include as an additional insured any state or governmental agency or subdivision or political subdivision shown in the Schedule, subject to the following provisions 1. This insurance applies only with respect to operations performed by you or on your behalf for which the state or governmental agency or subdivision or political subdivision has issued a permit or authorization However a. The insurance afforded to such additional insured only applies to the extent permitted by law, and b. If coverage provided to the additional insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional insured 2. This insurance does not apply to- a. "Bodily injury", "property damage" or "personal and advertising injury" arising out of operations performed for the federal government, state or municipality, or b. "Bodily injury" or "property damage" included within the "products-- completed operations hazard" B. With respect to the insurance afforded to these additional insureds, the following is added to Section III — Limits Of Insurance: If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance 1. Required by the contract or agreement; or 2. Available under the applicable Limits of Insurance shown in the Declarations, whichever is less This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations CG 2012 0413 C Insurance Services Office, Inc, 2012 Page 1 of 1 A� " EVIDENCE OF COMMERCIAL PROPERTY INSURANCE DATE (MM/DD/YYYY) 9/29/2017 THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. PRODUCER NAME, PHONE 714 - 5 0 5 -7 0 0 0 CONTACT PERSON AND ADDRESS COMPANY NAME AND ADDRESS NAIC NO 4171 8 Gore Lieske & Associates Insurance Brokers, LP ENDURANCE AMER SPECIALTY INS CO 15901 Red Hill Ave Suite 100 4 MANHATTANVILLE ROAD, Tustin CA 92780 DE 10577 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH FAX T—EMAIL (A/C. No 714 - 573 -1770 1 ADDRESS•tlund @gorelieske.com CODE SUB CODE POLICY TYPE Commercial Package (Builders Risk / Property) AGENCY CUSTOMER ID M NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER Meritage Homes Corporation IMP100078607 -02 8800 East Raintree Dr, Ste 300 EFFECTIVE DATE EXPIRATION DATE Scottsdale, AZ 85260 10/01/2017 10/01/2018 T RMINATEDIFCHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED. YKU►'tK1 T INI-UKMAI IUN Use KtMAKKS on page z, IT more space Is required) aLl tSUILUING UK LJ tsUJINtbb VtKSUNAL YKUF'tKI T LOCATION / DESCRIPTION THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS r`nVFRArF IIUFARMATIn PJ DCDII C IAICI IDCn I I MACir I I nonAn CDC!`IAI v I Al l R4 clr T—I Fl —1 r. Fri COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE $ 3 0 000, 000 DED 25,000 YES NO NIA HXLoss ® BUSINESS INCOME ❑ RENTAL VALUE x 7351 Rosanna Street If YES, LIMIT Actual Loss Sustained, # of months 12 BLANKET COVERAGE X AUTHORIZED REPRESENTATIVE If YES, Indicate value(s) reported on property identified above $ TERRORISM COVERAGE $ Attach Disclosure Notice / DEC IS THERE A TERRORISM - SPECIFIC EXCLUSION? X IS DOMESTIC TERRORISM EXCLUDED? X LIMITED FUNGUS COVERAGE X If YES, LIMIT 15,000 DED FUNGUS EXCLUSION (If "YES ", specify organization's form used) X REPLACEMENT COST X AGREED VALUE X COINSURANCE X If YES, % EQUIPMENT BREAKDOWN (If Applicable) X If YES, LIMIT DED ORDINANCE OR LAW - Coverage for loss to undamaged portion of bldg X If YES, LIMIT Covered DED Demolition Costs X If YES, LIMIT 2, 500, 0 0 0 DED Incr Cost of Construction X If YES, LIMIT INCL DED EARTH MOVEMENT (If Applicable) % If YES, LIMIT 10,000,000 DED See Remarks FLOOD (If Applicable) X If YES, LIMIT 10 000,000 DED See Remarks WIND / HAIL INCL ® YES ❑ NO Subject to Different Provisions X If YES, LIMIT Included DED 250, 000 NAMED STORM INCL ® YES ❑ NO Subject to Different Provisions X IfYES, LIMIT 30, 000, 000 _DED See Remarks PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO LOSS Ix CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. ADDITIONAL INTEREST AGURU 23 (2014101) Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD MORTGAGEE LENDERS LOSS PAYABLE CONTRACT OF SALE Payee LENDER SERVICING AGENT NAME AND ADDRESS HXLoss NAME AND ADDRESS City of Gilroy 7351 Rosanna Street Gilroy CA AUTHORIZED REPRESENTATIVE / n AGURU 23 (2014101) Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD Page 2 of 2 tviutNUt ur cummtKU1AL t KUtotK i r 1NbUK NUt r r-FVIA Kb - incivaing bpeciai conamons (use only it more space is regwrea) Special Conditions: Coverage Summary Property /Builders Risk /Mobile Equipment. Builders Risk includes property under construction, inventory, model homes and their contents and sales trailers and their contents. This policy insures against risks of direct physical loss or damage, including Earthquake, Flood and Wind, subject to policy terms and conditions. $30,000,000 per occurrence. Flood & EQ subject to $10,000,000 sublimit. Corporate Locations: Subject to scheduled values per location as outlined in SOV on file with carrier. Deductible: $25,000 Per Occurrence - all covered perils EXCEPT: Earthquake: 5% of the actual value per unit of insurance at the time of loss at locations within California, parts of Nevada and ISO Zone 1, subject to a minimum of $250,000 per occurrence. 2% of the actual value per unit of insurance at the time of loss at locations within all other states (ISO Zone 2) subject to a minimum of $250,000 per occurrence. Flood: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Special Flood Hazard Areas (SFHA); Flood Zone A & V, areas of 100 year flood zones as defined by FEMA, subject to a $500,000 Minimum. Special Flood Endorsement applies. All other Flood zones subject to $25,000 deductible. Named Wind Storm: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Florida, subject to a minimum of $250,000 per occurrence. 5% of the actual value per unit of insurance at the time of loss at locations in Tier One counties and Houston area, subject to a minimum of $250,000 per occurrence. All Other, subject to $25,000 deductible. Evidence Only RE: HECKER PASS - HEARTLAND ESTATES II - TR 10315 City of Gilroy is included as Loss Payee as respects referenced Builders Risk coverage. A COR�0 CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DDNYYY) 9/29/2017 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER Gore Lleske & Associates Insurance Brokers, LP 15901 Red Hill Ave Suite 100 Tustin CA 92780 NAME. CT Tyler Lund PNONE 714- 505 -7000 F4X 7I4- 573 -1770 EDADDRESS, tlund @gorelieske.com INSURERS AFFORDING COVERAGE NAIC # Y INSURER A. LIBERTY MUT FIRE INS CO 23035 10/112005 INSURED MERIT -3 INSURERB:AIG Specialty Insurance Cc 26883 Meritage Homes Corporation 8800 East Raintree Dr, Ste 300 Scottsdale, AZ 85260 INSURER C : INSURER D . INSURER E $50,000 INSURER F. MED EXP (Any one person) $0 COVERAGES CERTIFICATE Nt1MRFR- 187553920 REVISION Nt1MRFR! THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES LIMITS SHOWN M_ AY HAVE BEEN REDUCED BY PAID CLAIMS INSR LTR TYPE OF INSURANCE INSD WVD POLICY NUMBER POLICY EFF MM/DD/YYYY POLICY EXP MM /DD/YYYY LIMITS B X COMMERCIAL GENERAL LIABILITY Y RMGL5749895 10/112005 10/1/2018 EACH OCCURRENCE $3,000,000 CLAIMS-MADE ❑X OCCUR AGE TO PR M SES Ea olccu`ence $50,000 MED EXP (Any one person) $0 PERSONAL 8 ADV INJURY $3,000,000 GEN'L AGGREGATE LIMIT APPLIES PER GENERAL AGGREGATE $3,000,000 POLICY jE r7 LOC PRODUCTS - COMP /OP AGG $3,000,000 $ OTHER AUTOMOBILE LIABILITY Ea accident) IN 11—M17— $ BODILY INJURY (Per person) $ ANY AUTO AUTS OWNED SCHEDULED BODILY INJURY (Per accident) $ HIRED AUTOS NON -OWNED AUTOS PROPERTY DAMAGE Per accdent $ UMBRELLA LWB OCCUR EACH OCCURRENCE $ HCLAIMS-MADE AGGREGATE $ EXCESS LIAR DED RETENTION $ $ A WORKERS COMPENSATION AND EMPLOYERS' LIABILITY YIN WC2- Z91- 434715 -057 10/1/2017 10/1/2018 X PER OTH- STATUTE ER E L EACH ACCIDENT $1,000,000 ANY PROPRIETOR/PARTNER/EXECUTIVE OFFICER/MEMBER EXCLUDED? ❑ N/A E L DISEASE - EA EMPLOYEE $1,000,000 (Mandatory in NH) If yes, tlescnbe under DESCRIPTION OF OPERATIONS below E L DISEASE - POLICY LIMIT $1,000,000 DESCRIPTION OF OPERATIONS/ LOCATIONS /VEHICLES (ACORD 101, Additional Remarks Schedule, maybe attached If more space is required) RE: Harvest Park The City of Gilroy, It's officers, officials and employees are named as additional insured on the General Liability per attached as required by written contract subject to the terms and conditions of the policy. t.tK I IrII.A I t t1VLUtK City of Gilroy 7351 Rosanna Street Gilroy CA 95020 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE (E) 1988 -2014 ACORD CORPORATION_ All riahts reserved ACORD 25 (2014/01) The ACORD name and logo are registered marks of ACORD POLICY NUMBER 57498 -95 COMMERCIAL GENERAL LIABILITY CG 2012 0413 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - STATE OR GOVERNMENTAL AGENCY OR SUBDIVISION OR POLITICAL SUBDIVISION - PERMITS OR AUTHORIZATIONS This endorsement modifies insurance provided under the following COMMERCIAL GENERAL LIABILITY COVERAGE PART SCHEDULE State Or Governmental Agency Or Subdivision Or Political Subdivision: City of Gilroy, It's Officers, Officials, and Employees 7351 Rosana Street Gilroy, CA 95020 Information required to complete this Schedule, if not shown above, will be shown in the Declarations A. Section II — Who Is An Insured is amended to include as an additional insured any state or governmental agency or subdivision or political subdivision shown in the Schedule, subject to the following provisions 1. This insurance applies only with respect to operations performed by you or on your behalf for which the state or governmental agency or subdivision or political subdivision has issued a permit or authorization However a. The insurance afforded to such additional insured only applies to the extent permitted by law, and b. If coverage provided to the additional insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional insured 2. This insurance does not apply to a. "Bodily injury", "property damage" or "personal and advertising injury" arising out of operations performed for the federal government, state or municipality, or b. "Bodily injury" or "property damage" included within the "products- completed operations hazard" B. With respect to the insurance afforded to these additional insureds, the following is added to Section III — Limits Of Insurance: If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance 1. Required by the contract or agreement; or 2. Available under the applicable Limits of Insurance shown in the Declarations, whichever is less This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations. CG 2012 0413 © Insurance Services Office, Inc, 2012 Page 1 of 1 ®® EVIDENCE OF COMMERCIAL PROPERTY INSURANCE DATE (MM/DDNYYY) 9/29/2017 THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. PRODUCER NAME, I PHONE .714 - 5 O 5 - 7 O O O CONTACT PERSON AND ADDRESS COMPANY NAME AND ADDRESS NAIC NO: 41718 Gore Lieske & Associates Insurance Brokers, LP ENDURANCE AMER SPECIALTY INS CO 15901 Red Hill Ave Suite 100 4 MANHATTANVILLE ROAD, Tustin CA 92780 DE 10577 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH FAX No:714- 573 -1770 ADDRESS :tlund @gorelieske com CODE: SUB CODE POLICY TYPE Commercial Package (Builders Risk / Property) AGENCY CUSTOMER ID M NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER Meritage Homes Corporation IMP100078607 -02 8800 East Raintree Dr, Ste 300 EFFECTIVE DATE EXPIRATION DATE CONTINUED UNTIL Scottsdale, AZ 85260 10/01/2017 10/01/2018 TERMINATED IF CHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED* F'KUPLK IT INFUKMAI IUN (US8 KLMAKK1 on page 1, n more space Is re ulreq DLJ 1311JILUING UK LJ 13U5INt5S F'tKSUNAL VKUF l=K I Y LOCATION 1 DESCRIPTION E: Heartland West (Hoeg /Arias) THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. CnVCRArC IKICIIAMATInKI DCDU c IKICi iDCn I I DACi!` I I DDnAn I I CDCr.A, Iv I A l l D; oL T.,. -1 sl --A r. cn COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE $30,000,000 DED 25,000 YES NO I NIA HxLoss ® BUSINESS INCOME ❑ RENTAL VALUE x 7351 Rosanna Street If YES, LIMIT Actual Loss Sustained, # of months 12 BLANKET COVERAGE X I I If YES, indicate value(s) reported on property Identified above $ TERRORISM COVERAGE X I Attach Disclosure Notice / DEC IS THERE A TERRORISM - SPECIFIC EXCLUSION'? X IS DOMESTIC TERRORISM EXCLUDED X LIMITED FUNGUS COVERAGE X If YES, LIMIT 15,000 DED FUNGUS EXCLUSION (If "YES", specify organization's form used) X REPLACEMENT COST X AGREED VALUE X COINSURANCE X If YES, % EQUIPMENT BREAKDOWN (If Applicable) X If YES, LIMIT DED ORDINANCE OR LAW - Coverage for loss to undamaged portion of bldg X If YES, LIMIT Covered DED Demolition Costs X If YES, LIMIT 2,500,000 DED Incr Cost of Construction X If YES, LIMIT INCL _DED EARTH MOVEMENT (if Applicable) X If YES, LIMIT 10, 000, 000 DED See Remarks FLOOD (If Applicable_) X If YES, LIMIT 10,000,000 DED See Remarks WIND / HAIL INCL ® YES ❑ NO Subject to Different Provisions X If YES, LIMIT Included DED* 250,000 NAMED STORM INCL ® YES [-]NO Subject to Different Provisions X If YES, LIMIT 30,000,000 DED See Remarks PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO LOSS X CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. ADDITIONAL INTEREST F MORTGAGEE LENDERS LOSS PAYABLE CONTRACT OF SALE Payee LENDER SERVICING AGENT NAME AND ADDRESS HxLoss NAME AND ADDRESS City of Gilroy 7351 Rosanna Street Gilroy CA AUTHORIZED REPRESENTATIVE AGUED 28 (2014101) Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD Page 2 of 2 tviutNUt Ur UUMMtKUAL FKUFtK i r fNbUKANUh KtmAKKb - mcwaing bpeciai Uonaitions (use only it more space is requirea) Special Conditions: Coverage Summary Property /Builders Risk /Mobile Equipment. Builders Risk includes property under construction, inventory, model homes and their contents and sales trailers and their contents. This policy insures against risks of direct physical loss or damage, including Earthquake, Flood and Wind, subject to policy terms and conditions. $30,000,000 per occurrence. Flood & EQ subject to $10,000,000 sublimit. Corporate Locations: Subject to scheduled values per location as outlined in SOV on file with carrier. Deductible: $25,000 Per Occurrence - all covered perils EXCEPT: Earthquake: 5% of the actual value per unit of insurance at the time of loss at locations within California, parts of Nevada and ISO Zone 1, subject to a minimum of $250,000 per occurrence. 2% of the actual value per unit of insurance at the time of loss at locations within all other states (ISO Zone 2) subject to a minimum of $250,000 per occurrence. Flood. 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Special Flood Hazard Areas (SFHA); Flood Zone A & V, areas of 100 year flood zones as defined by FEMA, subject to a $500,000 Minimum. Special Flood Endorsement applies. All other Flood zones subject to $25,000 deductible. Named Wind Storm: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Florida, subject to a minimum of $250,000 per occurrence. 5% of the actual value per unit of insurance at the time of loss at locations in Tier One counties and Houston area, subject to a minimum of $250,000 per occurrence. All Other, subject to $25,000 deductible. Evidence Only City of Gilroy is included as Loss Payee as respects referenced Builders Risk coverage. �® CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY) 9/29/2017 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER Gore Lieske & Associates Insurance Brokers, LP 15901 Red Hill Ave Suite 100 Tustin CA 92780 CONTACT Tyler Lund NAME PHONE 714- 505 -7000 FAX 714- 573 -1770 EMAIL • tlund @gorelieske.com INSURERS AFFORDING COVERAGE NAIC p Y INSURER A.LIBERTY MUT FIRE INS CO 23035 10/1/2005 INSURED MERIT -3 INSURER B:AIG Specialty Insurance Co 26883 Meritage Homes Corporation 8800 East Raintree Dr, Ste 300 Scottsdale, AZ 85260 INSURER C. INSURER D • INSURER E $50,000 INSURER F: MED EXP (Any one person) $0 COVERAGES CERTIFICATE NUMBER: 1176671359 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS 1�7R TYPE OF INSURANCE INSD WVD POLICY NUMBER MM/DDY/1YlYY I (MMIDDIYYYYI LIMITS B X COMMERCIAL GENERAL LIABILITY Y RMGL5749895 10/1/2005 10/1/2018 EACH OCCURRENCE $3,000,000 CLAIMS -MADE ❑X OCCUR DAMAGE TO RENTE PREMISES Ea ccu D nce $50,000 MED EXP (Any one person) $0 PERSONAL 8 ADV INJURY $3,000,000 GEN'L AGGREGATE LIMIT APPLIES PER GENERAL AGGREGATE $3,000,000 EK] POLICY ECT F-1 LOC PRODUCTS - COMP /OP AGG $3,000.000 $ OTHER AUTOMOBILE LIABILITY Ea aCCident $ BODILY INJURY (Per person) $ ANY AUTO AUT OWNED SCHEDULED AUTOS BODILY INJURY (Per accident) $ HIRED AUTOS NON -OWNED AUTOS PROPERTY DAMAGE Per accident $ UMBRELLA LIAB OCCUR EACH OCCURRENCE $ AGGREGATE $ EXCESS LIAB CLAIMS -MADE DIED I I RETENTION $ r $ A WORKERS COMPENSATION AND EMPLOYERS' LIABILITY YIN WC2- Z91- 434715 -057 10/1/2017 10/1/2018 X PER OTH- STATUTE I I ER ANY PROPRIETOR/PARTNER/EXECU I IVE EL EACH ACCIDENT $1,000,000 OFFICER/MEMBER EXCLUDEDI N/A EL DISEASE - EA EMPLOYEE, $1,000,000 (Mandatory In NH) If yes, describe under DESCRIPTION OF OPERATIONS below EL DISEASE -POLICY LIMIT 1 $1,000,000 DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached H more space Is required) Re: Hecker Pass THE CITY OF GILROY, IT'S OFFICERS, OFFICIALS AND EMPLOYEES It is a condition of the General Liability that the City of Gilroy is hereby added as Additional Insureds only to the extent assumed by the Insured under the written contract, subject to the policy terms, conditions and exclusions as required by written contract. THIS CERTIFICATE SUPERCEDES ANY PREVIOUSLY ISSUED CERTIFICATE. CERTIFICATE HOLDER CANCELLATION City of Gilroy 7351 Rosanna Street Gilroy CA 95020 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. @ 1988 -2014 ACORD CORPORATION. All rights reserved. ACORD 25 (2014101) The ACORD name and logo are registered marks of ACORD POLICY NUMBER 574-98 -95 COMMERCIAL GENERAL LIABILITY CG 2012 0413 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - STATE OR GOVERNMENTAL AGENCY OR SUBDIVISION OR POLITICAL SUBDIVISION - PERMITS OR AUTHORIZATIONS This endorsement modifies insurance provided under the following COMMERCIAL GENERAL LIABILITY COVERAGE PART SCHEDULE State Or Governmental Agency Or Subdivision Or Political Subdivision: City of Gilroy, It's Officers, Officials, and Employees 7351 Rosana Street Gilroy, CA 95020 Information required to complete this Schedule, if not shown above, will be shown in the Declarations A. Section II — Who Is An Insured is amended to include as an additional insured any state or governmental agency or subdivision or political subdivision shown in the Schedule, subject to the following provisions 1. This insurance applies only with respect to operations performed by you or on your behalf for which the state or governmental agency or subdivision or political subdivision has issued a permit or authorization B However a. The insurance afforded to such additional insured only applies to the extent permitted by law, and b. If coverage provided to the additional insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional insured 2. This insurance does not apply to a. "Bodily injury", "property damage" or "personal and advertising injury" arising out of operations performed for the federal government, state or municipality, or b. "Bodily injury" or "property damage" included within the "products - completed operations hazard" With respect to the insurance afforded to these additional insureds, the following is added to Section III — Limits Of Insurance: If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance 1. Required by the contract or agreement, or 2. Available under the applicable Limits of Insurance shown in the Declarations, whichever is less This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations CG 2012 0413 © Insurance Services Office, Inc, 2012 Page 1 of 1 THIS ENDORSEMENT CHANGES THE- POLICY. PLEASE READ_ IT CAREFULLY. ENDORSEMENT # 1 This endorsement, effective 12 01 A.M. 1011105 forms a part of Policy No. 57498 -95 issued to Meritage Homes Corportalon by American International Specialty Lines Insurance Company ADDITIONAL INSURED - WHERE REQUIRED UNDER, CONTRACT OR AGREEMENT This rrr)dursemenr moarfies insurance, provided under the following: GENERAL LIABILITY COVERAGE PART Section II - Who is an Insured, of the General Liability Coverage Part, is amended to add: 0. Any person or organization to whom you become obligated to include as on additional insurod undor this policy, as a result of any contract or agreement you enter into which requiros you to furnish insurance to that person or organization of the type providod by this policy, but only with respect to liability arising out of your operations or premises owned by or rented to you. Howevei, the insurance provided will not exceed *.he lesser of: 1. The coverage and /or limits of this policy, or 2. The coverage and/or limits requirod by said contract or agreement. AUTHORIZED REPRESENTATIVE OR COUNTERS;GNATURE{ IN STATES WHERE REQUIRED ? �® EVIDENCE OF COMMERCIAL PROPERTY INSURANCE DATE (MMIDDNYY17 YES 9/29/2017 THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. PRODUCER CONTACT PERSON AND ADDRESS PHONE , 714 - 5 0 5 -7 0 0 O COMPANY NAME AND ADDRESS NAIC NO* 41718 Gore Lieske & Associates Insurance Brokers, LP ENDURANCE AMER SPECIALTY INS CO 15901 Red Hill Ave Suite 100 4 MANHATTANVILLE ROAD, Tustin CA 92780 DE 10577 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH FAX. No :714 - 573 -1770 AD RIESStlund @gorelieske.com CODE: SUB CODE, POLICY TYPE Commercial Package (Builders Risk / Property) AGENCY CUSTOMER ID M NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER Meritage Homes Corporation IMP100078607 -02 8800 East Raintree Dr, Ste 300 EFFECTIVE DATE EXPIRATION DATE CONTINUED UNTIL Scottsdale, AZ 85260 LIMITED FUNGUS COVERAGE 10/01/2017 10/01/ 2 018 TERMINATED IF CHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED PKUFhK I Y INFUKMAI IUN use REMARKS on page 2, it mores ace is re uirea ULJ BUILDING OR LJ BU51NE55 PERSONAL PROPERTY LOCATION I DESCRIPTION E: Harvest Park THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED_. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS COVFRAQF INPtIRMATIAN D=DU a inici io=n I I RACY rxenen CD=I" IAI v I al l a4 �1r T-1 t:1 --A r_ rn COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE $30,000,000 DED 25 000 MORTGAGEE LENDERS LOSS PAYABLE YES NO I NIA ® BUSINESS INCOME ❑ RENTAL VALUE NAME AND ADDRESS City of Gilroy If YES, LIMIT Actual Loss Sustained, # of months 12 BLANKET COVERAGE X If YES, indicate value(s) reported on property Identified above_ $ TERRORISM COVERAGE X Attach Disclosure Notice / DEC IS THERE A TERRORISM - SPECIFIC EXCLUSION'? X IS DOMESTIC TERRORISM EXCLUDED? X LIMITED FUNGUS COVERAGE X If YES, LIMIT 15,000 DED FUNGUS EXCLUSION (If "YES ", specify organization's form used) X REPLACEMENT COST X AGREED VALUE X COINSURANCE X If YES, % EQUIPMENT BREAKDOWN (If Applicable) X If YES, LIMIT DED ORDINANCE OR LAW - Coverage for loss to undamaged portion of bldg X If YES, LIMIT Covered DED Demolition Costs X If YES, LIMIT 2,500,000 DED Incr Cost of Construction X If YES, LIMIT INCL DED EARTH MOVEMENT (If Applicable) X If YES, LIMIT 10,000,000 DED __— See Remarks FLOOD (If Applicable) X If YES_, LIMIT 10,000,000 DED See Remarks WIND / HAIL INCL ® YES ❑ NO Subject to Different Provisions X If YES, LIMIT Included DED 250,000 NAMED STORM INCL ® YES ❑ NO Subject to Different Provisions X If YES, LIMIT 30,000,000 DED See Remarks PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO LOSS X GANGELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. ADDITIONAL INTFRFST AL;UKU Zt3 (ZU14 1U1) Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD MORTGAGEE LENDERS LOSS PAYABLE CONTRACT OF SALE Payee LENDER SERVICING AGENT NAME AND ADDRESS HXLoss NAME AND ADDRESS City of Gilroy 7351 Rosanna Street Gilroy CA 95020 AUTHORIZED REPRESENTATIVE AL;UKU Zt3 (ZU14 1U1) Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD Page 2 of 2 LVIOLNGL OF GUMMLKGIAL PKUPLKTY INSUKANUL KLMAKK5 - Including Special GonCitions (Use only it more space Is required) Special Conditions: Coverage Summary Property /Builders Risk /Mobile Equipment. Builders Risk includes property under construction, inventory, model homes and their contents and sales trailers and their contents. This policy insures against risks of direct physical loss or damage, including Earthquake, Flood and Wind, subject to policy terms and conditions. $30,000,000 per occurrence. Flood & EQ subject to $10,000,000 sublimit. Corporate Locations: Subject to scheduled values per location as outlined in SOV on file with carrier. Deductible: $25,000 Per Occurrence - all covered perils EXCEPT: Earthquake: 5% of the actual value per unit of insurance at the time of loss at locations within California, parts of Nevada and ISO Zone 1, subject to a minimum of $250,000 per occurrence. 2% of the actual value per unit of insurance at the time of loss at locations within all other states (ISO Zone 2) subject to a minimum of $250,000 per occurrence. Flood: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Special Flood Hazard Areas (SFHA); Flood Zone A & V, areas of 100 year flood zones as defined by FEMA, subject to a $500,000 Minimum. Special Flood Endorsement applies. All other Flood zones subject to $25,000 deductible. Named Wind Storm: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Florida, subject to a minimum of $250,000 per occurrence. 5% of the actual value per unit of insurance at the time of loss at locations in Tier One counties and Houston area, subject to a minimum of $250,000 per occurrence. All Other, subject to $25,000 deductible. City of Gilroy is included as Loss Payee as respects referenced Builders Risk coverage. A� O® EVIDENCE OF COMMERCIAL PROPERTY INSURANCE DATE (MMIDDNYYY) 9/29/2017 THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. PRODUCER NAME, I PHONE 714 - 5 O 5 -7 O O O CONTACT PERSON AND ADDRESS COMPANY NAME AND ADDRESS NAIC NO 4 1718 Gore Lieske & Associates Insurance Brokers, LP ENDURANCE AMER SPECIALTY INS CO 15901 Red Hill Ave Suite 100 4 MANHATTANVILLE ROAD, Tustin CA 92780 DE 10577 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH AX No 714 - 573 -1770 ADDRIESStlund @gorelieske.com CODE SUB CODE. POLICY TYPE Commercial Package (Builders Risk / Property) AGENCY CUSTOMER ID #: NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER Meritage Homes Corporation IMP100078607 -02 8800 East Raintree Dr, Ste 300 EFFECTIVE DATE EXPIRATION DATE CONTINUED UNTIL Scottsdale, AZ 85260 10/01/2017 10/01/2018 TERMINATED IF CHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED PKUPEKI Y INFUKMAI IUN Use KEMAKK5 on page 2, It mores ace IS re Ulretl DLI BUILUING UK LJ BU51NE55 PER50NAL PROPERTY LOCATION / DESCRIPTION Re: Hecker Pass, East Cluster THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. f_(1VFRA(.F 1NF(1RMATI(1N Deou a IAICI corn I I GACir I I aonen CDC(-1A1 v I n1 I o; �1r T--1 L-1 q r. cn COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE $30 000, 000 DED 25 000 YES NO NIA ® BUSINESS INCOME ❑ RENTAL VALUE x 7351 Rosanna Street If YES, LIMIT Actual Loss Sustained, # of months 12 BLANKET COVERAGE X AUTHORIZED REPRESENTATIVE If YES, Indicate value(s) reported on property Identified above $ TERRORISM COVERAGE X Attach Disclosure Notice / DEC IS THERE A TERRORISM - SPECIFIC EXCLUSION'? X IS DOMESTIC TERRORISM EXCLUDED? X LIMITED FUNGUS COVERAGE X If YES, LIMIT 15,000 DED FUNGUS EXCLUSION (If "YES ", specify organization's form used) X REPLACEMENT COST X AGREED VALUE X COINSURANCE X If YES, % EQUIPMENT BREAKDOWN (If Applicable) X If YES, LIMIT DED ORDINANCE OR LAW - Coverage for loss to undamaged portion of bldg X If YES, LIMIT Covered DED Demolition Costs X If YES, LIMIT 2,500,000 DED Incr Cost of Construction X If YES, LIMIT INCL DED EARTH MOVEMENT (If Applicable) X If YES, LIMIT 10, 000, 000 DED See Remarks FLOOD (If Applicable) X If YES, LIMIT 10,000,000 DED See Remarks WIND / HAIL INCL ® YES ❑ NO Subject to Different Provisions X If YES, LIMIT Included DED 250,000 _ NAMED STORM INCL ® YES ❑ NO Subject to Different Provisions X If YES, LIMIT 30,000,000 D_ ED See Remarks PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO LOSS X CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AnnITInNAI INTFRFLCT ACURU ZB (2014101) Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD MORTGAGEE LENDERS LOSS PAYABLE CONTRACT OF SALE Loss Payee LENDER SERVICING AGENT NAME AND ADDRESS NAME AND ADDRESS City of Gilroy 7351 Rosanna Street Gilroy CA 95020 AUTHORIZED REPRESENTATIVE / ACURU ZB (2014101) Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD Page 2 of 2 wivr-ro%,r- yr 9,Vmmrrc%,wL rKVrr -KI r inaumAivlt mrmAmr%o - inciuoing opeciai tonanions Luse only it more space is requirea) Special Conditions: Coverage Summary Property /Builders Risk /Mobile Equipment. Builders Risk includes property under construction, inventory, model homes and their contents and sales trailers and their contents. This policy insures against risks of direct physical loss or damage, including Earthquake, Flood and Wind, subject to policy terms and conditions. $30,000,000 per occurrence. Flood & EQ subject to $10,000,000 sublimit. Corporate Locations: Subject to scheduled values per location as outlined in SOV on file with carrier. Deductible: $25,000 Per Occurrence - all covered perils EXCEPT: Earthquake: 5% of the actual value per unit of insurance at the time of loss at locations within California, parts of Nevada and ISO Zone 1, subject to a minimum of $250,000 per occurrence. 2% of the actual value per unit of insurance at the time of loss at locations within all other states (ISO Zone 2) subject to a minimum of $250,000 per occurrence. Flood: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Special Flood Hazard Areas (SFHA); Flood Zone A & V, areas of 100 year flood zones as defined by FEMA, subject to a $500,000 Minimum. Special Flood Endorsement applies. All other Flood zones subject to $25,000 deductible. Named Wind Storm: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Florida, subject to a minimum of $250,000 per occurrence. 5% of the actual value per unit of insurance at the time of loss at locations in Tier One counties and Houston area, subject to a minimum of $250,000 per occurrence. All Other, subject to $25,000 deductible. Evidence Only City of Gilroy is included as Loss Payee as respects referenced Builders Risk coverage. -0 EVIDENCE OF COMMERCIAL PROPERTY INSURANCE MORTGAGEE LENDERS LOSS PAYABLE I 00 000 DED: 25 000 9/2 /28(IalaiDD/YYYr, 8/2016 THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. PRODUCER NAME, CONTACT PERSON AND ADDRESS PHONE , 714 - 5 0 5 - 7 OD O COMPANY NAME AND ADDRESS NAIC NO: 41718 R.K. Gore & Associates Insurance Brokers, L.P. ENDURANCE AMER SPECIALTY INS CO 15901.Red Hill Ave Suite 100 BLANKET COVERAGE Tustin CA 92780 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH A N : 714 - 5 7 3 -17 70 ADDRIE CODE: SUB CODE: POLICY TYPE Commercial Package (Builders Risk / Property) AGENCY CUSTOMER 10 NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER Meritage Homes Corporation g I14P100078607 -01 8800 East Raintree Dr, Ste 300 EFFECTIVE DATE EXPIRATION DATE IHECKED Scottsdale, AZ 85260 X 10/01/2016 10/01/2017 TERMINATEIF ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED: PROPERTY INFORMATION Use REMARKS on page 2 if more ace is required) ® BUILDING OR 0 BUSINESS PERSONAL PROPERTY LOCATION / DESCRIPTION E: Heartland West (Hoey /Arias) THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDR'ION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. CAVFRAGF INFORMATIAN DPRII S IIJQI up r, I I ReSIC I RRnen I I S.PFRIAI Y I Al l Pi Rk Tnrl Fl nnA r- Rn COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: $:10. MORTGAGEE LENDERS LOSS PAYABLE I 00 000 DED: 25 000 - YES NO N/A NAM- AND -ADD-E- - - - - -- - - - ® BUSINESS INCOME [3 RENTAL VALUE 73'51 Rosanna Street If YES, LIMIT. Actual Loss Sustained; # of months: BLANKET COVERAGE $ AUTHORIZED REPRESENTATIVE I If YES, indicate value(s) reported on property identified above: $ TERRORISM COVERAGE %' Attach Disclosure Notice / DEC IS THERE A TERRORISM - SPECIFIC EXCLUSION? g IS DOMESTIC TERRORISM EXCLUDED? , X LIMITED FUNGUS COVERAGE _ If YES, LIMIT: 15, 000 DED: FUNGUS EXCLUSION (If'YES', specify organization's form used) REPLACEMENT COST AGREED VALUE COINSURANCE % 1.x If YES, % `n�,,;ne4El1T SRE .KDGVIN (If- Rpplic°b!e)_ 1 !F YES, LIMIT: DEb: ORDINANCE OR LAW----Coverage for loss to undamaged portion of bldg X If YES, LIMIT: Covered DE_D: _ Demolition Costs g If YES, LIMIT: 2,500,000 DED: - Incr. Cost of Construction X If YES, LIMIT: INCL DED: EARTH MOVEMENT (If Applicable) % If YES, LIMIT: 10 ,ODD , OD 0 DED: See Remarks FLOOD (if Applicable) x If YES, LIMIT: DED: See Remarks. WIND / HAIL INCL 0 YES ® NO Subject to Different Provisions: If YES, LIMIT: DED: NAMED STORM INCL 'MI, YES C3 NO Subject to Different Provisions: % If YES, LIMIT: 30,000,000 DED: PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO LOSS g CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AnmmnNAl INTFRFRT ACORD 28 (2044101) Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All-rights reserved. The ACORD name and logo are registered marks of ACORD MORTGAGEE LENDERS LOSS PAYABLE I CONTRACT OF SALE S _ Payee LENDER SERVICING AGENT NAME AND ADDRESS HXLos NAM- AND -ADD-E- - - - - -- - - - City of Gilroy 73'51 Rosanna Street Gilroy CA AUTHORIZED REPRESENTATIVE ACORD 28 (2044101) Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All-rights reserved. The ACORD name and logo are registered marks of ACORD Page 2 of 2 tVIUtNGt OF GUMMEKGIAL VKUVtKtT IPISUKANGt KtMAKKS - mcwamg spectai uonaaions (use only rt more space is requirea) Special Conditions: Coverage Summary Property /Builders Risk /Mobile Equipment. Builders Risk includes property under construction, inventory, model homes and their contents and sales trailers and their contents. This policy insures against risks of direct physical loss or damage, including Earthquake, Flood and Wind, subject to policy terms and conditions. $30,000,000 per occurrence. Flood & EQ subject to $10,000,000 sublimit. Corporate Locations: Subject to scheduled values per location as outlined in SOV on file with carrier. Deductible: $25,000 Per Occurrence - all covered perils EXCEPT: Earthquake: 5% of the actual value per unit of insurance at the time of loss at locations within California, parts of Nevada and ISO Zone 1, subject to a minimum of $250,000 per occurrence. 2% of the actual vale per unit of insurance at the time of loss at locations within all other states (ISO Zone 2) subject to a minimum of $250,000 per occurrence. Flood: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Special Flood Hazard Areas (SFHA); Flood Zone A & V, areas of 100 year flood zones as defined by FEMA, subject to a $500,000 Minimum. Special Flood Endorsement applies. All other Flood zones subject to $25,000 deductible. Wind: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Florida, subject to a minimum of $500,000 per occurrence. 5% of the actual value per unit of insurance at the time of loss at locations in Tier One counties and Houston area, subject to a minimum of $250,000 per occurrence. All Other, subject to $25,000 deductible. Evidence Only City of Gilroy is included as Loss Payee as respects referenced Builders Risk coverage. I A`cg::>R®® EVIDENCE OF COMMERCIAL PROPERTY INSURANCE DATE (MM/DD/YYYY) v 9/28/2016 THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. PRODUCER CONTACT PERSON AND ADDRESS PHONE • 714 - 5 O 5 - 7 O O O COMPANY NAME AND ADDRESS NAIC' NO: 41718 R.K. Gore & Associates Insurance Brokers, L.P. ENDURANCE AMER SPECIALTY INS CO 15901 Red.Hill Ave Suite 100 BLANKET COVERAGE Tustin CA 92780 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH FAX 714-573-1770 ADDRIE CODE: SUB CODE: POLICY TYPE Commercial Package (Builders Risk / Property) AGENCY CUSTOMER 10 M NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER Meritage Homes Corporation X IMP100078607 -01 8800 East Raintree Dr, Ste 300 EFFECTIVE DATE EXPIRATION DATE CONTINUED UNTIL Scottsdale, AZ 8526A X 10/01/2016 10/01/2017 TERMINATED T CHECKED ADDITIONAL NAMED INSUREDS) THIS REPLACES PRIOR EVIDENCE DATED: PROPERTY INFORMATION Use REMARKS on page 2; if mores ace is required) W BUILDING OR LJ BUSINESS PERSONAL PROPERTY LOCATION / DESCRIPTION THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. CAVFRAPF INFORMATInN or-om Q I1USI wr_n I I QAIQif RRnAn I I CDCLMAI v 12111 T1 rt--A r rn COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: b -3.0- MORTGAGEE LENDERS LOSS PAYABLE- .00 000 DED: 25, 000 CONTRACT OF SALE Payee YES NO NIA NAME AND ADDRESS ® BUSINESS INCOME ❑ RENTAL. VALUE 7351 Rosanna Street lif YES, LIMIT: Actual. Loss Sustained: # of months: BLANKET COVERAGE X AUTHORU D REPRESENTATIVE If YES, indicate values re orted on identified above: $ — (_)_ _p_ property TERRORISM COVERAGE Attach Dis_clo_s_u_re_ N_o_ tice iDD_E_C IS THERE A TERRORISM- _SPECIFICEXCLUS_ION? X IS DOMESTIC TERRORISM EXCLUDED? X LIMITED FUNGUS COVERAGE If YES, LIMIT: 15 , 00 0 DED: FUNGUS EXCLUSION (If "YES ", specify organization's form used) REPLACEMENT COST AGREED VALUE x 9 COINSURANCE X If YES, EQUIPMENT BREAKDOWN (If Applicable) g If YES, LIMIT: DED: ORDINANCE OR LAW - Coverage -for loss to undamaged portion of bId_g X If YES, LIMIT: _Covered - Demolition Costs X If YES, LIMIT: 2 , 50.0 , 000 Incr. Cost of Construction X If YES, LIMIT: INCL DED: EARTH MOVEMENT (if Applicable) x If YES, LIMIT: 10,000,000 DIED: See Remarks FLOOD (If Applicable) x If YES, LIMIT: DED: See Remarks WIND / HAIL INCL (] YES ® NO Subject to Different Provisions: x If YES, LIMIT: DED: NAMED STORM INCL M) YES ❑ NO Subject to Different Provisions: X If YES, LIMIT: 30,000,000 DED: PERMISSION TO WAIVE'SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO LOSS X CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AnnITIONAl INTFRFAT AL;UKU.LB.(ZUT4/U7I Page 1 Ot 2 J ZU03 -2914 ACORD CORPORATION. All - rights reserved. The ACORD name and logo are registered marks of ACORD MORTGAGEE LENDERS LOSS PAYABLE- CONTRACT OF SALE Payee LENDER SERVICING AGENT NAME AND ADDRESS HxLoss NAME AND ADDRESS City of Gilroy 7351 Rosanna Street Gilroy CA AUTHORU D REPRESENTATIVE AL;UKU.LB.(ZUT4/U7I Page 1 Ot 2 J ZU03 -2914 ACORD CORPORATION. All - rights reserved. The ACORD name and logo are registered marks of ACORD Page 2 of 2 ev[unn%;e Ur 9,;Ummeeu;wL VKUrr-K I r msurcwN" Kr-MA F.* - mcivamg apeciai luonamons (use omy n more space is regwrea) Special Conditions: Coverage Summary Property /Builders Risk /Mobile Equipment. Builders Risk includes property under construction, inventory, model homes and their contents and sales trailers and their contents. This policy insures against risks of direct physical loss or damage, including Earthquake, Flood and Wind, subject to policy terms and conditions. $30,000,000 per occurrence. Flood & EQ subject to $10,000,000 sublimit. Corporate Locations: Subject to scheduled values per location as outlined in SOV on file with carrier. Deductible: $25,000 Per Occurrence - all covered perils EXCEPT: Earthquake: 5% of the actual value per unit of insurance at the time of loss at locations within California, parts of Nevada and ISO Zone 1, subject to a minimum of $250,000 per occurrence. 2% of the actual vale per unit of insurance at the time of loss at locations within all other states (ISO Zone 2) subject to a minimum of $250,000 per occurrence. Flood: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Special Flood Hazard Areas (SFHA); Flood Zone A & V, areas of 100 year flood zones as defined by FEMA, subject to a $500,000 Minimum. Special Flood Endorsement applies. All other Flood zones subject to $25,000 deductible. Wind: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Florida, subject to a minimum of $500,000 per occurrence. 5% of the actual value per unit of insurance at the time of loss at locations in Tier One counties and Houston area, subject to a minimum of $250,000 per occurrence. All Other, subject to $25,000 deductible. Evidence Only RE: HECKER PASS - HEARTLAND ESTATES II - TR 10315 City of Gilroy is included as Loss Payee as respects referenced Builders Risk coverage. AIC�R� ® EVIDENCE. OF COMMERCIAL PROPERTY INSURANCE DATE (MAA/DDIriY17 _..� 9/28/2016 THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. PRODUCER NAME. I PHONE CONTACT PERSON AND ADDRESS •714 - 505-7000 COMPANY NAME AND ADDRESS NAIC NO: 41718 R.K. Gore & Associates Insurance Brokers, L..P. ENDURANCE AMER SPECIALTY INS CO 15901 Red Hill Ave Suite 100 BLANKET COVERAGE Tustin CA 92780 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH FAX 714-573-177T E -gMAIL CODE: SUB CODE: POLICY TYPE Commercial Package (Builders Risk / Property) AGENCY to NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER Meritage Homes Corporation X IMP100078607 -01 8800 East Raintree Dr, Ste 300 EFFECTIVE DATE EXPIRATION DATE CONTINUED UNTIL Scottsdale, AZ 85260 X 10/01/2016 110/01/2017 TERMINATED IF CHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES. PRIOR EVIDENCE DATED: rmvrCK 1 T INCVKI Rk 1 RJN JUSe RCMAKr.* on page L, IT more Spare Is re Ulreo OLI CUILUINU UK LJ 16U31Nt,3 1'r-KSUNAL YKUYtK 1 T LOCATION / DESCRIPTION THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. Pf%VCDAd= 1k1C^0 lA"f%U „ w i i 1 1-1- 1 I-A- I COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: $30.000,000 MORTGAGEE LENDERStOSSPAYABLE DED: 25 00 CONTRACT OF SALE LOSS Payee YES1 NO I NIA NAME AND ADDRESS ® BUSINESS INCOME ❑ RENTAL VALUE 7351 Rosanna Street If YES, LIMIT: Actual loss Sustained; # of months: BLANKET COVERAGE X. AUTHORIZED REPRESENTATIVE If YES, indicate values) reported_ on properly' identified above: .$ TERRORISM COVERAGE X Attach Disclosure Notice % D_ EC IS THERE A TERRORISM- SPECIFIC EXCLUSION? X IS DOMESTIC TERRORISM E_ XC_ _LUDE_ D? X LIMITED FUNGUS COVERAGE x If YES, LIMIT: 15, 000 DED: FUNGUS EXCLUSION (if "YES ", specify organization's form used) REPLACEMENT COST AGREED VALUE COINSURANCE X If YES, % EQUIPMENT BREAKDOWN (If Applicable) g. If YES, LIMIT: _ _ DED:. _ ORDINANCE OR.LAW -Coverage for loss to undamaged portion of bldg X If YES, LIMIT: Covered. DED: - Demolition Costs X If YES, LIMIT: 2, 500, 0 DO DED: - Incr. Cost of Construction x If YES, LIMIT: INCL DED: EARTH MOVEMENT (If Applicable) x If YES, LIMIT: 10,.000,000 DED: See .Remarks FLOOD (If Applicable) X If YES, LIMIT: 10,000,000 DED. See Remarks WIND / HAIL INCL ❑ YES ® NO Subject to Different Provisions: X If YES, LIMIT: DED: NAMED STORM INCL ® YES ❑ NO Subject to Different Provisions: X If YES, LIMIT: 30,000,000 DED: PERMISSION TO WAIVE"SUBROGATION IN FAVOR OF MORTGAGE _HOLDER PRIOR TO LOSS X L;A %;t:LLA 1IUN- SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. A13131TIONAL INTFRFST Al.VKU AD (AU141UT y - -- Page - T- Of -2 - CJ 2003 -2014 ACORD CORPORATION: Alfrights- reserved. - The ACORD name and logo are registered marks of ACORD MORTGAGEE LENDERStOSSPAYABLE CONTRACT OF SALE LOSS Payee LENDER SERVICING AGENT NAME AND ADDRESS NAME AND ADDRESS City of Gilroy 7351 Rosanna Street Gilroy CA AUTHORIZED REPRESENTATIVE Al.VKU AD (AU141UT y - -- Page - T- Of -2 - CJ 2003 -2014 ACORD CORPORATION: Alfrights- reserved. - The ACORD name and logo are registered marks of ACORD Page 2 of 2 tviutnUt Ur L;UM r -KC1AL rKUetK i r 1NbUKwIVCt Kr-N AKKJ - mcwaing bpeciai commons fuse omy it more space is requwrea) Special Conditions: Coverage Summary Property /Builders Risk /Mobile Equipment. Builders Risk includes property under construction, inventory, model homes and their contents and sales trailers and their contents. This policy insures against risks of direct physical loss or damage, including Earthquake, Flood and Wind, subject to policy terms and conditions. $30,000,000 per occurrence. Flood & EQ subject to $10,000,000 sublimit. Corporate Locations: Subject to scheduled values per location as outlined in SOV on file with carrier. Deductible: $25,000 Per Occurrence - all covered perils EXCEPT: Earthquake: 5% of the actual value per unit of insurance at the time of loss at locations within California, parts of Nevada and ISO Zone 1, subject to a minimum of $250,000 per occurrence. 2% of the actual vale per unit of insurance at the time of loss at locations within all other states (ISO Zone 2) subject to a minimum of $250,000 per occurrence. Flood: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Special Flood Hazard Areas (SFHA); Flood Zone A & V, areas of 100 year flood zones as defined by FEMA, subject to a $500,000 Minimum. Special Flood Endorsement applies. All other Flood zones subject to $25,000 deductible. Wind: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Florida, subject to a minimum of $500,000 per occurrence. 5% of the actual value per unit of insurance at the time of loss at locations in Tier One counties and Houston area, subject to a minimum of $250,000 per occurrence. All Other, subject to $25,000 deductible. Evidence Only RE: Hecker Pass, East Cluster City of Gilroy is included as Loss Payee as respects referenced Builders Risk coverage. A`�C)R�® EVIDENCE OF COMMERCIAL PROPERTY INSURANCE DATE (MM1DD/YYYY) _..� 9/28/2016 THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. PRODUCER NAME, PHONE CONTACT PERSON AND ADDRESS 714 - 505 -7000 COMPANY NAME AND ADDRESS NAIC NO: 4171$ R.K. Gore & Associates Insurance Brokers, L.P. ENDURANCE AMER SPECIALTY INS CO 15901 Red Hill Ave Suite 100 BLANKET COVERAGE Tustin CA 92780 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH FAX 714 - 57 3 -17 7 0 E-MAIL CODE: SUB CODE: POLICY TYPE Commercial Package (Builders Risk / Property) AGENCY NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER Meritage Homes Corporation X IMP100078607 -01 Attn: Risk Management EFFECTIVE DATE EXPIRATION DATE CONTINUED UNTIL 8800 East Raintree Dr, Ste 300 Scottsdale, AZ. 85260 10/01/2016 10./01/20.17 TERMINATEDIFCHECKED .ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED: r muri -cK I T INFUKMA I IUN (Uee KCMAKRJ on page L, IT more Space IS reQulre0l OLl ISU1LU1NU UK LJ CIU31Nt5, YtK*UNAL rKUF'tK I T LOCATION I DESCRIPTION E: Harvest Park THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE" FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. rnvcOA!!e ILICn0UA"f%LI a 11 • , w nr—, o 1 w I ] n_ -i r -.i -1 __a I COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: $30,000,000 MORTGAGEE LENDERS LOSS PAYABLE DED: 25, 000 CONTRACT OF SALE S Payee YES NO I NIA NAME AND ADDRESS ® BUSINESS INCOME ❑ RENTAL VALUE 7351 Rosanna Street If YES, LIMIT: Actual Loss Su_sta_ined; # of months: BLANKET COVERAGE X AUTHORIZED REPRESENTATIVE If YES, indicate value(s) reported on property: identified above; "$ TERRORISM COVERAGE X Attach Disclosure Notice % D_ EC IS THERE TERRORISM - SPECIFIC EXCLUSION? X IS DOMESTIC TERRORISM EXCLUDED? X LIMITED FUNGUS COVERAGE X If YES, LIMIT: 15, 000- DED: FUNGUS EXCLUSION (If "YES ", specify organization's form used) REPLACEMENT COST AGREED VALUE COINSURANCE X If YES, 'k EQL;iPivlENT, GREAKZ)C'v'riJ'(If Applicable) -` X If YES, LIMIT: ORDINANCE "OR LAW -Coverage for loss to undamaged portion of bldg X If YES, LIMIT: Covered D_ED: Demolition Costs X If YES, LIMIT: 2, 5 0 0, 0 0 0 DED: Ina. Cost of Construction X,j I If YES, LIMIT: INCL DED: EARTH MOVEMENT (If Applicable) x If YES, LIMIT: 10,000,000 DED: See Remarks FLOOD (If Applicable) X If YES, LIMIT: DED: See Remarks WIND / HAIL INCL ❑ YES ® NO Subject to Different Provisions:, X If YES, LIMIT: DED: NAMED STORM INCL ® YES ❑ NO Subject to Different Provisions: X If YES, LIMIT: 30,000,000 DED: PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO LOSS X GANGtLLA 1 IUN- - SHOULD ANY OF THE ABOVE" DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. ADDITIONAL INTEREST •ACCURa zs {za ^�4t� �y -Page 1 of '2 -C 2003= 2014'ACORD'CORPORATION'Afl "rights reserV®d '. - - "- The ACORD name and logo are registered marks of ACORD MORTGAGEE LENDERS LOSS PAYABLE RXLOS CONTRACT OF SALE S Payee LENDER SERVICING AGENT NAME AND ADDRESS NAME AND ADDRESS City of Gilroy 7351 Rosanna Street Gilroy CA 9502.0 AUTHORIZED REPRESENTATIVE •ACCURa zs {za ^�4t� �y -Page 1 of '2 -C 2003= 2014'ACORD'CORPORATION'Afl "rights reserV®d '. - - "- The ACORD name and logo are registered marks of ACORD Page 2 of 2 tviuini L;L Ui- cUmIY1tKU1AL VKUPtK i r lNbUKANUL Kt:MAKKS inciuding speciai conditions (use only it more space is required) Special Conditions: Coverage Summary Property /Builders Risk /Mobile Equipment. Builders Risk includes property under construction, inventory, model homes and their contents and sales trailers and their contents. This policy insures against risks of direct physical loss or damage, including Earthquake, Flood and Wind, subject to policy terms and conditions. $30,000,000 per occurrence. Flood & EQ subject to $10,000,000 sublimit. Corporate Locations: Subject to scheduled values per location as outlined in SOV on file with carrier. Deductible: $25,000 Per Occurrence - all covered perils EXCEPT: Earthquake: 5% of the actual value per unit of insurance at the time of loss at locations within California, parts of Nevada and ISO Zone 1, subject to a minimum of $250,000 per occurrence. 2% of the actual vale per unit of insurance at the time of loss at locations within all other states (ISO Zone 2) subject to a minimum of $250,000 per occurrence. Flood: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Special Flood Hazard Areas (SFHA); Flood Zone A & V, areas of 100 year flood zones as defined by FEMA, subject to a $500,000 Minimum. Special Flood Endorsement applies. All other Flood zones subject to $25,000 deductible. Wind: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Florida, subject to a minimum of $500,000 per occurrence. 5% of the actual value per unit of insurance at the time of loss at locations in Tier One counties and Houston area, subject to a minimum of $250,000 per occurrence. All Other, subject to $25,000 deductible. City of Gilroy is included as Loss Payee as respects referenced Builders Risk coverage. ® EVIDENCE OF COMMERCIAL PROPERTY INSURANCE. DATE /YYYY) �./ 9/28// 20101 6 THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. PRODUCER NAME, I CONTACT PERSON. AND ADDRESS . PHONE , 714 - 5 0 5 - 7 0 0 0 COMPANY NAME AND ADDRESS NAIC NO:' 41718 R.K. Gore & Associates Insurance Brokers, L.P. ENDURANCE AMER SPECIALTY INS CO 15901 Red Hill Ave Suite 100 .BLANKET COVERAGE Tustin CA 92780 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH FAX 714 -573 -177 0 twjtl CODE: SUB CODE: POLICY TYPE Commercial Package (Builders Risk / Property) AGENCY R 10 NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER Meritage Homes Corporation X IMP100078607 -01 8800 East Raintree Dr, Ste 300 EFFECTIVE DATE EXPIRATION DATE CONTINUED UNTIL Scottsdale, AZ 85260 X 10/01/2016 10/01/2017 TERMINATED IF CHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED: PKUrr-K I T IKrUKMA I IUM (USe. KtMAKRS on pane L. IT more Space IS reQulreol 12LI tSUILL NU UK 1-_I t9LJZINr_b3 YI:KJUKAL YKUYtK IT LOCATION / DESCRIPTION Attached... THE. POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE' FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES: DESCRIBED HEREIN 1S SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. Cr1VRRACF INFORMATIAN Deou a W01 ioen necir nonen coerini v a i' a; �v r.. 4Ti . A c on COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: S30' MORTGAGEE LENDERS LOSS PAYABLE HXLoss 000 000 DE P: ' YES I:NO NIA. - -- - ® BUSINESS INCOME ❑ RENTAL VALUE Gilroy CA 95020' If YES, LIMIT: Actual Loss Sustained; ,# of months: .BLANKET COVERAGE X If YES, indicate values) reported on property Identified above: $ TERRORISM COVERAGE X Attach Disclosure Notice_ / _DEC_ IS THERE A TERRORISM - SPECIFIC EXCLUSION? X IS DOMESTIC TERRORISM EXCLUDED? X LIMITED FUNGUS COVERAGE X I I If YES, LIMIT: 15, 00 0 DED: FUNGUS EXCLUSION (if 'YES', specify organization's form used) REPLACEMENT COST AGREED VALUE COINSURANCE _X If YES, y EQUIPMENT BREAKDOWN (If Applicable) X If YES, LIMIT: DED: ORDINANCE OR LAW - Coverage for loss to undamaged portion of 'bldg X If YES, LIMIT: Covered DED: - Demolition Costs X If YES, LIMIT: 2,500,000 DED: Incr. Cost of Construction x If YES, LIMIT: INCL DED: EARTH MOVEMENT (If Applicable) X If YES, LIMIT: 10, 000,000 DED: See Remarks_ FLOOD (If Applicable) X If YES, LIMIT: 10,000,000 DED: See Remarks__ WIND / HAIL INCL ❑ YES ® NO Subject to Different Provisions: X If YES, LIMIT: DED: NAMED STORM INCL ® YES ❑ NO Subject to Different Provisions: X If YES, LIMIT: 30,000,000 DED: PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO 'LOSS I g CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AnnITIONAI INTFRFRT AL UKLJ ZO (LU14 1UI) - . Page T of 2 9 2003- 2014 - ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD MORTGAGEE LENDERS LOSS PAYABLE HXLoss CONTRACT OF SALE Payee LENDER SERVICING AGENT NAME AND ADDRESS NAME AND ADDRESS City of Gilroy 7351 Rosanna Street Gilroy CA 95020' AUTHORIZED .REPRESENTATIVE AL UKLJ ZO (LU14 1UI) - . Page T of 2 9 2003- 2014 - ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD Page 2 of 2 :NGE OF UUMMEKGIAL PKUPEK 1 T IN5UKANGE KEMAKKS - incivaing bpecial GOf1O1tions (Use omy IT MOM SpaCe IS al Conditions: age Summary Property /Builders Risk /Mobile Equipment. Builders Risk includes property under construction, inventory, model homes and their contents and sales trailers and their contents. This policy insures against risks of direct physical loss or damage, including Earthquake, Flood and Wind, subject to policy terms and conditions. $30,000,000 per occurrence. Flood & EQ subject to $10,000,000 sublimit. Corporate Locations: Subject to scheduled values per location as outlined in SOV on file with carrier. Deductible: $25,000 Per Occurrence - all covered perils EXCEPT: Earthquake: 5% of the actual value per unit of insurance at the time of loss at locations within California, parts of Nevada and ISO Zone 1, subject to a minimum of $250,000 per occurrence. 2% of the actual vale per unit of insurance at the time of loss at locations within all other states (ISO Zone 2) subject to a minimum of $250,000 per occurrence. Flood: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Special Flood Hazard.Areas (SFHA); Flood Zone A & V, areas of 100 year flood zones as defined by FEMA, subject to a $500,000 Minimum. Special Flood Endorsement applies. All other Flood zones subject to $25,000 deductible. Wind: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Florida, subject to a minimum of $500,000 per occurrence. 5% of the actual value per unit of insurance at the time of loss at locations in Tier One counties and Houston area, subject to a minimum of $250,000 per occurrence. All Other, subject to $25,000 deductible. Evidence Only City of Gilroy is included as Loss Payee as respects referenced Builders Risk coverage. Re: Hecker Pass, East Cluster .�►coaw® CERTIFICATE OF LIABILITY INSURANCE DATE(MMIDDNYYY) F1 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR .ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endomeme s . PRODUCER R.K. Gore &Associates Insurance Brokers, L.P. 15901 Red Hill Ave Suite 100 Tustin CA 92780 CONTACT Ma ali Melchor, CIC PHONE 714_505 -7000 W.0 N.I. 714-573 -1770 E-MAIL ADDRESS. mmelchor @rkgore.com INSURER(S) AFFORDING COVERAGE NAIC 0 Y INSURERA:Chartis Specialty Insurance Company 26883 10/112005 INSURED MERIT -3 INSURERB:LIBERTY MUT FIRE INS CO 23035 Meritage Homes Corporation 8800 East Raintree Dr, Ste 300 Scottsdale, AZ 85260 INSURER C: INSURER D: INSURER E: $50;000 INSURER F: MED EXP one person $ COVERAGES CERTIFICATE NUMBER: 21263444.47 REVISION NUMBER: THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE B_ EEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR LTR TYPE OF INSURANCE INSD WVD POLICY NUMBER POLICY.EFF MMIDD POLICY EXP MM/DD LIMITS A X COMMERCIAL GENERAL LIABILITY Y RMGL5749895 10/112005 10/1/2016 EACH OCCURRENCE $3,000,000 7 CLAIMS -MADE ❑X OCCUR DAMAGE TO RERTff PREMISES rr $50;000 MED EXP one person $ PERSONAL & ADV INJURY $3,000,000 GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $3,000,000 POLICY Ej] JE a El LOC PRODUCTS - COMP /OP AGG $3,000,000 $ OTHER: AUTOMOBILE LIABILITY a accident $ BODILY INJURY (Per person) $ ANY AUTO AALLL OWNED SCHEDULED BODILY INJURY (Per accident) $ NON -OWNED HIRED AUTOS AUTOS PROPERTY DAMAGE Peraccideot $ UMBRELLA LIAR OCCUR EACH OCCURRENCE $ AGGREGATE $' EXCESS LIAR CLAIMS -MADE DED RETENTION $ B WORKERS COMPENSATION AND EMPLOYERS' LIABILITY YIN WC2 -Z91- 434715 -055 10/1/2015 1011/2016 PER DTH X STATUTE ER EL EACH ACCIDENT $1,000,000 AN Y PROPRIETORIPARTNER/EXECUTIVE OFFICERIMEMBER EXCLUDED? ❑ NIA EL DISEASE -- EA EMPLOYEE $1,000,000 (Mandatory In NH) If yes descr be under DESCRIPTION OF OPERATIONS below E.L. DISEASE - POLICY LIMIT $1;000,000 DESCRIPTION OF OPERATIONS I LOCATIONS I VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space Is required) Re: Hecker Pass THE CITY OF GILROY, ITS OFFICERS, OFFICIALS. AND EMPLOYEES It is a condition of the General Liability that the City of Gilroy is hereby added as Additional Insureds only to the extent assumed by the Insured under the written contract, subject to the policy terms, conditions and exclusions as required by written contract. THIS CERTIFICATE SUPERCEDES ANY PREVIOUSLY ISSUED CERTIFICATE. I IUN SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE' THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN City of Gilroy ACCORDANCE WITH THE POLICY PROVISIONS. 7351 Rosanna Street Gilroy CA 95020 1 AUTHORIZED REPRESENTATIVE ACORD CORPORATION. All rahts reserved. ACORD 25 (2014/01) The ACORD name and logo are registered marks of ACORD THIS CERTIFICATE SUPERSEDES PREVIOUSLY ISSUED CERTIFICATE POLICY NUMBER: 57498 -95 COMMERCIAL GENERAL LIABILITY CG 2012 0413 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - STATE OR GOVERNMENTAL AGENCY OR SUBDIVISION OR POLITICAL SUBDIVISION - PERMITS OR AUTHORIZATIONS This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART SCHEDULE' State Or Governmental Agency Or Subdivision Or Political Subdivision: City of Gilroy, It's Officers, Officials, and Employees 7351 Rosana Street Gilroy, CA 95020 Information required to complete this Schedule if not shown above will be shown in the Declarations. A. Section II — Who Is An Insured is amended to include as an additional insured any state or governmental agency or subdivision or political subdivision shown in the Schedule, subject to the following provisions: 1. This insurance applies only with respect to operations performed by you or on your behalf for which the state or governmental agency or subdivision or political subdivision has issued a permit or authorization. However: a. The insurance afforded to such additional insured only applies to the extent permitted by law; and b. If coverage provided to . the additional insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional insured. 2. This insurance does not apply to: a. "Bodily injury", "property damage" or "personal and advertising injury" arising out of operations performed for the federal government, state or municipality; or b. "Bodily injury" or "property damage" included within the "products- completed operations hazard'. B. With .respect to the insurance afforded to these additional insureds, the following is, added to Section III — Limits Of Insurance: If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance: 1. Required by the contract or agreement; or 2. Available under'. the applicable Limits of Insurance shown in the Declarations; whichever is less. This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations. CG 20 92 0413 0 Insurance Services Office, Inc., 2012 Page 1 of 1, THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT # 1 This endorsement, effective 12.01 A.M. 10/1105 forms a part of Policy No. 574 -98 -95 issued to Meritage Homes Corportalon by American International Specialty Lines Insurance Company ADDITIONAL INSURED - WHERE REQUIRED UNDER CONTRACT OR AGREEMENT This endorsement modifies insurance provided under the following: GENERAL LIABILITY COVERAGE PART Section 11 - Who Is an Insured, of the General Liability Coverage Part, is amended to add: 0. Any person or organization to whom you become obligated to include as an additional insured under this policy, as a result of any ccntract or agreement you enter into which requires you to furnish insurance to that person or organization of the type provided by this policy, but only with respect to liability arising out of your operations or premises owned by or rented to you. However, the Insurance provided will not exceed the lesser of: 1. The coverage andlor limits of this policy, or 2. The coverage and /or limits required by said contract or agreement. AUTHORIZED REPRESENTATIVE OR COUNTER9,GNATURE { IN STATES WHERE REQUIRED I AC bRh® EVIDENCE OF COMMERCIAL PROPERTY INSURANCE DATE (MMIDD/YYYY) TE"mMO d../ to is THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. PRODUCER NAME, I PHONE CONTACT PERSON AND ADDRESS. •714 - 505-7000 COMPANY NAME AND ADDRESS NAIC NO: R.K. Gore &Associates Insurance Brokers, L.P. Endurance American Specialty 15901 Red Hill Ave Suite 100 Tustin CA 92780 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH FAX 714-573-1770 EMAIL CODE: SUB CODE: POLICY TYPE Commercial Package (Builders Risk / Property) AGENCY NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER Meritage Homes Corporation IMP100018607 -00 8800 East Raintree Dr, Ste 300 EFFECTIVE DATE T XPIRATION DATE CONTINUEDUNTIL Scottsdale, AZ 85260 10 / 01 / 2;015 11 / O 1 / 2 016 TERMINATED IF CHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED: YKUYtKI T nVtUKMAI WIV tUSe Kr_MAKRS on page z, IT more space IS re U.Ireo GLl tfUILUINU UK LJ DUOINr** rrK3UNAL.YKUr'rKl T LOCATION/ DESCRIPTION THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. Pnljco A PC: IWCADMATIAW ni..L T-Al V1--A r_ tan COMMERCIAL PROPERTY COVERAGE AMOUNT OFINSURANCE $30'000.000 DED: 25 000 YES NO WA HXLoss ® BUSINESS INCOME ❑ RENTAL VALUE City of Gilroy 7351 Rosanna Street If YES, LIMIT: Actual Loss Sustained; # of months: BLANKET COVERAGE AUTHORIZED REPRESENTATIVE If YES, Indicate value(s) reported on property identified above: $ TERRORISM COVERAGE X Attach Disclosure Notice / DEC IS THERE A TERRORISM- 8PEGIF(C _EXCLUSION? X IS DOMESTIC TERRORISM EXCLUDED? LIMITEDFLINGUSCOVERAGE_ If YES, LIMIT: 15,000 DED: FUNGUS EXCLUSION (If'YES', specify organization's form used) g REPLACEMENT COST AGREED VALUE X COINSURANCE X If YES, % EQUIPMENT BREAKDOWN (If Applicable) X If YES, LIMIT: DED: ORDINANCE OR LAIN - Coverage for loss to undamaged portion of bldg X If YES, LIMIT: Covered DED: - Demolition Costs x If YES, LIMIT: 2,500,000 DED: - Incr. Cost of Construction _ - If YES, LIMIT: - -- - -INCL_ _ DED: EARTH MOVEMENT (If Applicable) IfYES,4MIT :.10 000, _000 DED;See Remarks FLOOD (If Applicable) X If YES, LIMIT: DED;-See__Remarks__- WIND / HAIL INCL ❑ YES [Z NO Subject to Different Provisions: IX - - — - If YES, LIMIT: DED NAMED STORM INCL [K]YES ❑ NO Subject to Different Provisions: X If YES, LIMIT: 3 0, O QO ,- 0 0 0 D_ E_D_ : PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO LOSS X CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. DDITIONAL INTEREST Page 1 of 2 © 2003- -2014 ACORD CORPORATION. All rights reserved. ACORD 28 (2014/01) The ACORD name and logo are registered marks of ACORD MORTGAGEE LENDERS LOSS PAYABLE CONTRACT OF SALE Payee LENDER SERVICING AGENT NAME AND ADDRESS HXLoss NAME AND ADDRESS City of Gilroy 7351 Rosanna Street Gilroy CA AUTHORIZED REPRESENTATIVE Page 1 of 2 © 2003- -2014 ACORD CORPORATION. All rights reserved. ACORD 28 (2014/01) The ACORD name and logo are registered marks of ACORD i Page 2 of 2 PKUPEK771NSUKANGE KEMAKKS- Special Conditions: Coverage Summary Property /Builders Risk /Mobile Equipment. Builders Risk includes property under construction, inventory, model homes and their contents and sales trailers and their contents. This policy insures against risks of direct physical loss or damage, including Earthquake, Flood and Wind, subject to policy terms and conditions. $30,000,000 per occurrence. Flood & EQ subject to $10,000,000 sublimit. (Corporate Locations: Subject to scheduled values per location as outlined in SOV on file with carrier. Deductible: $25,000 Per Occurrence - all covered perils EXCEPT: Earthquake: 5W of the actual value per unit of insurance at the time of loss at locations within California, parts of Nevada and ISO Zone 1, subject to a minimum of $250,000 per occurrence. 2$ of the actual vale per unit of insurance at the time of loss at locations within all other states (ISO Zone 2) subject to a minimum of $250,000 per occurrence. Flood: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Special Flood Hazard Areas (SFHA); Flood Zone A & V, areas of 100 year flood zones as defined by FEMA, subject to a $500,000 Minimum. Special Flood Endorsement applies. All other Flood zones subject to $25,000 deductible. Wind: 5W of the actual value per unit of insurance at the time of loss at locations wholly or partly within Florida, subject to a minimum of $500,000 per occurrence. 5* of the actual value per unit of insurance at the time of loss at locations in Tier One counties and Houston area, subject to a minimum of $250,000 per occurrence. All Other, subject to $25,000 deductible. Evidence Only RE: Hecker Pass, East Cluster JCity of Gilroy is included as Loss Payee as respects referenced Builders Risk coverage. Is CROOKEKA .4C. UK" DATE (MM /DDIYYYY) `,- EVIDENCE OF COMMERCIAL PROPERTY INSURANCE NO NIA 10/1/2014 THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. PRODUCER NAME, i PHONE (g77) 945 -7378 CONTACT PERSON AND ADDRESS A/C No Ext COMPANY NAME AND ADDRESS NAIC NO: 41718 Willis Insurance Services of California, Inc. Endurance American Specialty Insurance Company C/o 26 Century Blvd 333 Westchester Ave P.O. Box 305191 White Plains, NY 10604 Nashville, TN 37230 -5191 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH AX ND , (888) 467 -2378 ADDRESS: CODE: SUB CODE: POLICY TYPE Commercial Package AGENCY MERIHOM -01 C T MER ID #: NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER X IMU10005613600 Meritage Homes Corporation 17851 N. 85th Street Suite 300 Scottsdale, AZ 85255 EFFECTIVE DATE EXPIRATION DATE CONTINUED UNTIL 10/1/2014 10/1/2015 TERM INATEDIFCHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED: PROPERTY INFUKMATIUN Use REMARKS on page Z It mores ace IS re ulrea UU 13UILUINU UK IAJ bUJINtbb F'tKJUNAL PKUF'tK I T LOCATION I DESCRIPTIONRE: Hecker Pass, East Cluster THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. r`f1\ /CDAf_F IkI9:nQMATIf1A1 DCDU a iniCi iDDn i I QACir I I DDnAr) CDC(-1A1 I X I All Risk Inc[ Flood & EQ COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: $ 30,000,000 DED: 25,000 MORTGAGEE LENDERS LOSS PAYABLE YES NO NIA ® BUSINESS INCOME ❑ RENTAL VALUE X City of Gilroy & Santa Clara Valley District If YES, LIMIT: X I Actual Loss Sustained, # of months: BLANKET COVERAGE X Gilroy, CA 95020 If YES, indicate value(s) reported on property identified above: $ TERRORISM COVERAGE X Attach Disclosure Notice! DEC IS THERE A TERRORISM - SPECIFIC EXCLUSION? X IS DOMESTIC TERRORISM EXCLUDED? X LIMITED FUNGUS COVERAGE X If YES, LIMIT: 15,000 DED: FUNGUS EXCLUSION (If "YES ", specify organization's form used) X REPLACEMENT COST X AGREED VALUE X COINSURANCE X If YES, % EQUIPMENT BREAKDOWN (If Applicable) X If YES, LIMIT: DED: ORDINANCE OR LAW - Coverage for loss to undamaged portion of bldg X If YES, LIMIT: Covered DED: Demolition Costs X If YES, LIMIT: 2,500,000 DED: Incr. Cost of Construction X j If YES, LIMIT: Incl DED: EARTH MOVEMENT (If Applicable) X If YES, LIMIT: 10,000,000 DED: FLOOD (If Applicable) X If YES, LIMIT: 10,000,000 DED: WIND / HAIL INCL ❑ YES ® NO Subject to Different Provisions: X If YES, LIMIT: DED: NAMED STORM INCL ® YES ❑ NO Subject to Different Provisions: X If YES, LIMIT: 30,000,000 DED: PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO LOSS X CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AnnITIANAI INTFRFST Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All rights reserved. ACORD 28 (2014101) The ACORD name and logo are registered marks of ACORD MORTGAGEE LENDERS LOSS PAYABLE CONTRACT OF SALE Loss Payee LENDER SERVICING AGENT NAME AND ADDRESS X NAME AND ADDRESS City of Gilroy & Santa Clara Valley District AUTHORIZED REPRESENTATIVE 7351 Rosanna Street Gilroy, CA 95020 Page 1 of 2 © 2003 -2014 ACORD CORPORATION. All rights reserved. ACORD 28 (2014101) The ACORD name and logo are registered marks of ACORD MERIHOM -01 CROOKEKA LviULNCt U1-,cUMnnhKUAL NKUNLK i Y MUKANUE KLMAKKS - incwaing speciai uonaitions (use omy it more space is requirea Special Conditions: overage Summary Property /Builders Risk/Mobile Equipment. Builders Risk includes property under construction, inventory, model homes and their contents and sales trailers and their contents. is policy insures against risks of direct physical loss or damage, including Earthquake, Flood and Wind, subject to policy terms d conditions. ),000,000 per occurrence. Flood & EQ subject to $10,000,000 sublimit Deductible: $25,000 Per Occurrence - all covered perils EXCEPT: Earthquake: 5 % of the actual value per unit of insurance at the time of loss at locations within California, parts of Nevada and ISO Zone 1, subject to a minimum of $250,000 per occurrence. 2% of the actual vale per unit of insurance at the time of loss at locations within all other states (ISO Zone 2) subject to a minimum of $250,000 per occurrence. Flood: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Special Flood Hazard Areas (SFHA); Flood Zone A & V, areas of 100 year flood zones as defined by FEMA, subject to a $500,000 Minimum. Special Flood Endorsement applies. All other Flood zones subject to $25,000 deductible. Wind: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Florida, subject to a minimum of $500,000 per occurrence. 5% of the actual value per unit of insurance at the time of loss at locations in Tier One counties and Houston area, subject to a minimum of $250,000 per occurrence. All Other, subject to $25,000 deductible. Evidence Only City of Gilroy & Santa Clara Valley District is included as Loss Payee as respects referenced Builders Risk coverage. AUUKU ZU (ZU94 /U9) Page 2 of 2 ACC)R ° CERTIFICATE OF LIABILITY INSURANCE INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS page 1 of 1 04/2 / 011 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies)must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER CONTACT MAKIP- Willis Insurance Services of California, Inc. 26 Century Blvd. PHO NE 877 - 945 -7378 FAX 888- 467 -2378 P. O. Box 305191 Nashville, TN 37230 -5191 E-MAIL certificates@willis.com INSURER(S)AFFORDING COVERAGE NAIC # 1/31/2011 INSURERA:Chartis Specialty Insurance Company 26883 -001 s 1 000,000 INSURED MGrlt8<je Homes Corporation INSURERS: Liberty Mutual Insurance Company 23043 -010 INSURERC: 1671 E. Monte Vista Avenue, Suite 214 Vacaville, CA 95688 — — INSURER D: DAM:. T RENTED PREM S Ea occurcrua $ 50,000 INSURER E: CLAIMS -MADEa OCCUR INSURER F: COVERAGES CERTIFICATE NUMBER: 15861453 REVISION NUMBER- THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN. THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR ITR TYPE OFINSURANCE DO' -to[ SUB Wyn POLICY NUMBER POLICY EFF POLICYEXP LIMITS A GENERAL LIABILITY y RXGL5749895 1/31/2011 10/1/2012 EACHOCCURRENCE s 1 000,000 ]( COMIdEliCU1L GENERAL LIABILITY DAM:. T RENTED PREM S Ea occurcrua $ 50,000 CLAIMS -MADEa OCCUR MED EXP (Any ono person) $ PERSONAL B ADV INJURY $ 1,000,000 — GENERAL AGGREGATE S 11000,000 GENI AGGREGATE LIMIT APPLIES PER: PRODUCTS - COI.IP/OPAGG S 1,000,000 POLICY 7 PRO- X LOC S AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT (Ea accident) S ANY AUTO BODILY INJURY(Perpomon) $ .ALL OWNED SCHEDULED - BODILY INJURY(Per accident) S AUTOS AUTOS HIRED AUTOS NED AUTOS AUTOS PROP RTY1 W G S S UMBRELLA LIAR OCCUR EACH OCCU14RENCE $ AGGREGAQE is EXCESS LIAR CLAIMS-MADE DED I RETEN rION $ Is B WORKERS COMPENSATION WCKZ91434715050 10/1/2010 10/1/2011 X I Qy5''1' '' AND EMPLOYERS' LIABILITY YIN E.L. EACH ACCIDENT $ 1,000,000 ANY PROPRIETOR/PARTNER/EXECUTIVE❑ N/A OFFICERIMEM8ER EXCLUDED? E.L. DISEASE - EA EMPLOYEE S 1,000,000 Mandatory in NH) f •//eeaa describe under E.L. DISEASE - POLICY LIMIT $ 1,000,000 DESCRIPTIONOF OPERATIONS below DESCRIPTION OF OPERATIONS I LOCATIONS f VEHICLES (Attach Acord 101, AddRonal Remarks Schedule, if more space is required) Re: Property Improvement Agreement #2011 -03, Oliveri Subdivision - Tract 10073, APN #790 -07 -029. It is a Condition of the General Liability that City of Gilroy is hereby added as an Additional Insured only to the extent assumed by the Insured under the written contract, subject to the policy terms, conditions and exclusions as required by written contract. SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE City of Gilroy 7351 Rosanna Street Gilroy, CA 95020 � __', _ CO11:3339968 Tn1:1255261 Cart- 15R63`d5n (c�1QRR- 9MAACnonrrnoono.,r ., ACORD 25 (2010105) The ACORD name and logo are registered marks of ACORD THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ENDORSEMENT #1 This endorsement, effective 12:01 A.M. 1,31/2011 forms a part of Policy No. RMGL5749895 issued to Nleritage Homes Corporation by Chartis Specialty Insurance Company ADDITIONAL INSURED — WHERE REQUIRED UNDER CONTRACT OR AGREEMENT This endorsement modifies insurance provided under the following: GENERAL LIABILITY COVERAGE PART Section II — Who is an Insured, of the General Liability Coverage Part, is amended to add: O. Any person or organization to whom you become obligated to include as an additional insured under this policy, as a result of any contract or agreement you enter into which requires you to furnish insurance to that person or organization of the type provided by this policy, but only with respect to liability arising out of your operations or premises owned by or rented to you. However, the insurance provided will not exceed the lesser of: 1. The coverage and /or limits of this policy, or 2. The coverage and/or limits required by said contract or agreement. ACOKO� EVIDENCE OF COMMERCIAL PROPERTY INSURANCE P041126r/2011 THIS EVIDENCE OF PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND, OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURERS AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. I _ PRODUCER NAME, PHONE 877 -94.5 -7378. COMPANY NAME AND ADDRESS INAIC NO: 19437 -001 CONTACT PERSON AND ADDRESS: (A1C.No, -Ext)• l Willis Insurance Services of California, Inc. Lexington Insurance Company 26 Century Blvd. 200 State Street P. O. Box 305191 Boston, NA 02109 Nashville, TN 37230 -5191 (Arc. No): 888- 467 -23781 ADDRESS: certificates@willis.com IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH CODE: SUB CODE: AGENCY CUSTOMER ID #: NAMED INSURED AND ADDRESS Meritagc Homes Corporation 1671 E. Monte Vista Avenue, Suite 214 Vacaville, CA 95688 ADDITIONAL NAMED INSUREO(S) POLICY TYPE Builder's Risk Primary LOANNUMBER EFFECTIVE DATE EXPIRATION DATE 10/01/2010 10/01/2011 THIS REPLACES PRIOR EVIDENCE DATED: OLICY NUMBER 066095477 CONTINUED UNTIL 1I- WiINATED IF CHECKLD PROPERTY INFORMATION Use REMARKS on page 2, if mores ace is re uired n BUILDING OR XI BUSINESS PERSONAL PROPERTY LOCATIONMESCRIPTION Re: Property Improvement Agreement #2011 -03, Oliveri Subdivision - Tract 10073, APN #790 -07 -029. THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. !`nX/r:DA!`C INIrnDRAATin KI o - .11 - _,_ COPAI IERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: S 10,000, 000 DED. $25,000 P IORTGr.GEF LENDERS LOSS PAYABLE ES NO NIA NAME AND ADDRESS Q BUSINESS INCOME ® RENTAL VALUE X 7351 Rosanna Street If YES, LIMIT: Included X Actual Loss Sustained; # of monthsl2 BLANKS f COVERAGE X AUTHORIZED REPRESENTATIVE If YES, indicate value(s) reported on property identified above: Sio, 000, 000 I ERRORISM COVERAGE x Attach Disclosure Notice I DEC IS F11ERE A TERRORISM - SPECIFIC EXCLUSION? x IS DOMESTIC TERRORISM EXCLUDED? X I It CITED FUNGUS COVERAGE I -UNGUS EXCLUSION (If "YES ", spedf, organization's form used) X If YES, UNIT: DIED. Manuscript X REPLl.CEr.IENT COST X - - - AGREED VALUE X COINSURANCE x If YES, L QUIPIUl :N r BREAKDON /N (If Applicable) X IfYES, LIMIT: $10,000,000 DED: $25, 000 ORDINANCE OR LAIN - Coverage for loss to undamaged portion of bldg X - Demolition Costs X If YES, LIMIT: $2,5D0,000 DED: $25, 000 Incr. Cost of Construction X if YES, LIMIT: $2,500,000 DED: $25,000 EARTII MOVEr- IENT(If Applicable) x if YES, LIMIT: $10,000,000 DED: See Summary F LOOD (if Applicable) X If YES, LIMIT: $10,000,000 DED: See Summary WIND / HAIL (If Subject to Different Provisions) x If YES, LIMIT, DED: I'ERAIISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE I IOLDER PRIOR 10 LOSS X GANGELLAI ION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. ipi:l—<oa rage -L of t v z0U3 -YUU9 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD P IORTGr.GEF LENDERS LOSS PAYABLE X CONTRACT OF SALE Loss Payee LENDER SERVICING AGENT NAME AND ADDRESS NAME AND ADDRESS City of Gilroy 7351 Rosanna Street Gilroy, CA 95020 AUTHORIZED REPRESENTATIVE ipi:l—<oa rage -L of t v z0U3 -YUU9 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD EVIDENCE OF COMMERCIAL PROPERTY INSURANCE REMARKS - Including Special Conditions (Use only if more space is required) Coverage Summary Property /Builders Risk /Mobile Equipment This policy insures against risks of direct physical loss or damage, including Earthquake, Flood and Wind, subject to policy terms and conditions. $10,000,000 Per Occurrence Deductible: $25,000 Per Occurrence - all covered perils EXCEPT: Earthquake: 5% of the actual value per unit of insurance at the time of loss at locations within California, parts of Nevada and ISO Zone 1, subject to a minimum of $250,000 per occurrence. 2% of the actual vale per unit of insurance at the time of loss at locations within all other states (ISO Zone 2) subject to a minimum of $250,000 per occurrence. Flood: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Special Flood Hazard Areas (SFHA); Flood Zone A & V, areas of 100 year flood zones as defined by FEMA, subject to a $500,000 Minimum. Special Flood Endorsement applies. All other Flood zones subject to $25,000 deductible. Wind: 5% of the actual value per unit of insurance at the time of loss at locations wholly or partly within Florida, subject to a minimum of $500,000 per occurrence. 5% of the actual value per unit of insurance at the time of loss at locations in Tier One counties and Houston area, subject to a minimum of $250,000 per occurrence. All Other, subject to $25,000 deductible. City of Gilroy is hereby added as Loss Payee only to the extent assumed by the Insured under the written contract, subject to the policy terms, conditions and exclusions as required by written contract. - �..�•� -� —.. - ........ .�� ..vu :.,aav�v� ay— ...... tJe rc:lDOO1174 rage 6 OZ L to r Bond No. SDIFSU0546896 Whereas, The Board of Supervisors of the City Council of the City of Gilroy, State of California, and Meritage Homes of California, Inc. (hereinafter designated as "principal ") have entered into an agreement whereby principal agrees to install and complete certain designated public improvements, which said agreement, dated Mme, 2011, and identified as project Oliveri Subdivision - Tract 10073. APN: 790 -07 -029, is hereby referred to and made a part hereof; and Whereas, Said principal is required under the terms of said agreement to furnish a bond for the faithful performance of said agreement. Now, therefore, we, the principal and International Fidelity Insurance Company, as surety, are held and firmly bound unto the City of Gilroy hereinafter called ( "City "), in the penal sum of One Million Two Hundred Twenty -Seven Thousand Nine Hundred Sixty -One and N01100 dollars ($1,227,961.00), lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, successors, executors and administrators, jointly and severally, firmly by these presents. The condition of this obligation is such that if the above bounded principal, his or its heirs, executors, administrators, successors or assigns, shall in all things stand to and abide by, and well and truly keep and perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as therein provided, on his or their part, to be kept and performed at the time and in the manner therein specified, and in all respects according to their true intent and meaning, and shall indemnify and save harmless the City of Gilroy, its officers, agents and employees, as therein stipulated, then this obligation shall become null and void; otherwise it shall be and remain in full force and effect. As a part of the obligation secured hereby and in addition to the face amount specified therefor, there shall be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by county (or city) in successfully enforcing such obligation, all to be taxed as costs and included in any judgment rendered. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the agreement or to the work to be performed thereunder or the specifications accompanying the same shall in anywise affect its obligations on this bond, and it does hereby waive notice of any such change, extension of time, alteration or addition to the terms of the agreement or to the work or to the specifications. In witness whereof, this instrument has been duly executed by the principal and surety above named, on April 20, 2011. Meritage Homes of California, Inc. International Fidelity Insurance Company Principal Surety By: I By: Dad G. Jensen, torney -in -Fact David r GENERAL ALL- PURPOSE ACKNOWLEDGMENT State of A r i Z on G-, County of MCA r I On A p r 1( 2-1 , 2-U 1 I before me, A r7 r I � M. � u l l, I V 0 Try (�(�l �GGY. f I Date 1 n -� Name and Title of Officer (e.g., "Jane Doe, Notary Public" personally appeared JQ r i J ` C, d al e- Names) of Signer(s) V4ersonally known to me Q 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 capacities 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 said instrument. OFFICIAL SEAL APRIL M. HULL WITNESS my hand and official seal. No1ury Public - Stote of Ad2mm MARICOPA COUNTY My Comm. Expires Moy 19, 2013 Lk-p" `' �& Signature of Notary Public OPTIONAL Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER (_) INDIVIDUAL (_) CORPORATE OFFICER TITLE(S) (� PARTNER(S) (_) LIMITED GENERAL U (—) U ATTORNEY -IN-FACT TRUSTEE(S) GUARDIAN /CONSERVATOR OTHER SIGNER IS REPRESENTING: NAME OF PERSON(S) OR ENTITY(IES) Meritage Homes of California, Inc. DESCRIPTION OF ATTACHED DOCUMENT Bond No. SDIFSU0546896 TITLE OR TYPE OF DOCUMENT NUMBER OF PAGES April 20, 2011 DATE OF DOCUMENT SIGNER(S) OTHER THAN NAMED ABOVE r GENERAL ALL- PURPOSE ACKNOWLEDGMENT State of Arizona County of Maricopa On April 20, 2011 before me, Brandy L. Baich, Notary Public Daze Name end Title of Officer (e.g., "lane Doe, Notary Public ") personally appeared David G. Jensen Name(s) of Signer(s) ® personally known to me ❑ 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 capacities 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 said instrument. OFFICIAL SEAL BRANDY L. BAICH WITNESS my hand and official seal. NOTARY PUBLIC - State o1 Arizona MARICOPA COUNTY %��,,(� My Comm. Expires April 30.2012 r'('V `-G' -1 aC// Sigiamre of Notary Public _. ;N �' a OPTIONAL:,r Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER (� INDIVIDUAL (_) CORPORATE OFFICER TITLES) (_) PARTNER(S) LIMITED GENERAL X) ATTORNEY -IN -FACT (_) TRUSTEE(S) (� GUARDIAN /CONSERVATOR (_) OTHER SIGNER IS REPRESENTING: NAME OF PERSON(S) OR ENTITY(IES) International Fidelity Insurance Company DESCRIPTION OF ATTACHED DOCUMENT Bond No. SDIFSU0546896 TITLE OR TYPE OF DOCUMENT NUMBER OF PAGES April 20, 2011 DATE OF DOCUMENT N/A SIGNER(S) OTHER THAN NAMED ABOVE "fel (90753) 624 -7100 POWER OF ATTORNEY INTERNATIONAL FIDELITY INSURANCE HOME OFFICE: ONE NEWARK CENTER, 20TH FLOOR NEWARK, NEW JERSEY 07102 -5207 COMPANY This Power of Attorney is executed, and may be revoked, pursuant to and by authority of Article 3- Section 3, of the By -Laws adopted by the Board of Directors of INTERNATIONAL FIDELITY INSURANCE COMPANY at a meeting called and held on the 7th day of February, 11974. The President or any Vice President, Executive Vice President, Secretary or Assistant Secretary, shall have power and authority (1) To appoint Attorneys -in -fact, and to authorize them to execute on behalf of the Company, and attach the Seal of the Company thereto, bonds and undertakings, contracts of indemnity and other writings obligatory in the nature thereof and, (2) To remove, at any time, any such attorney -in -fact and revoke the authority given. Further, this Power of Attorney is signed and sealed by facsimile pursuant to resolution of the Board of Directors of said Company adopted at a meeting duly called and held on the 29th day of April, 1982 of which the following is a true excerpt: Now therefore the signatures of such officers and the seal of the Company may he affixed to any such power of attorney or any certificate relating thereto by facsimile, and any such power of attorney or certificate bearing such facsimile signatures or facsimile seal shall be valid and binding upon the Company and any such power so executed and certified by facsimile signatures and facsimile seal shall be valid and binding upon the Company in the future with respect to any bond or undertaking to which it is attached. /CITY Ipf IN TESTIMONY WHEREOF, INTERNATIONAL FIDELITY INSURANCE COMPANY has caused this instrument to be signed and its corporate seal to be affixed by its authorized officer, this 16th day of October, A.D. 2007. ' O`tPOR �= INTERNATIONAL FIDELITY INSURANCE COMPANY SEAL rn STATE NEW JERSEY -$11904 �, p County of f Essex y `JEa5 a� Secretary On this 16th day of October 2007, before me came the individual who executed the preceding instrument, to me personally known, and, being by me duly sworn, said the he is the therein described and authorized officer of the INTERNATIONAL FIDELITY INSURANCE COMPANY; that the seal affixed to said instrument is the Corporate Seal of said Company; that the said Corporate Seal and his signature were duly affixed by order of the Board of Directors of said Company. Bond No. SDIFSU0546896 Whereas, The Board of Supervisors of the City Council of the City of Gilroy, State of California, and Meritage Homes of California, Inc. (hereinafter designated as "the principal ") have entered into an agreement whereby the principal agrees to install and complete certain designated public improvements, which agreement, dated May, 2011, and identified as project Oliveri Subdivision - Tract 10073. APN: 790 -07 -029, is hereby referred to and made a part hereof; and Whereas, Under the terms of the agreement, the principal is required before entering upon the performance of the work, to file a good and sufficient payment bond with the City of Gilroy to secure the claims to which reference is made in Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code. Now, therefore, the principal and the undersigned as corporate surety, are held firmly bound unto the City of Gilroy and all contractors, subcontractors, laborers, material suppliers, and other persons employed in the performance of the agreement and referred to in Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code in the sum of One Million Two Hundred Twenty -Seven Thousand Nine Hundred Sixty -One and N01100 dollars ($1,227,961.00), for materials furnished or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to this work or labor, that the surety will pay the same in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought upon this bond, will pay, in addition to the face amount thereof, costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by county (or city) in successfully enforcing this obligation, to be awarded and fixed by the court, and to be taxed as costs and to be included in the judgment therein rendered. It is hereby expressly stipulated and agreed that this bond shall inure to the benefit of any and all persons, companies, and corporations entitled to file claims under Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond. Should the condition of this bond be fully performed, then this obligation shall become null and void, otherwise it shall be and remain in full force and effect. The surety hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the agreement or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension, alteration, or addition. In witness whereof, this instrument has been duly executed by the principal and surety above named, on April 20, 2011. Meritage Homes of California, Inc. Principal By: International Fidelity Insurance Company Surety By: -A �zm David G. Jensen, A rney -in -Fact I. 6 . GENERAL ALL - PURPOSE ACKNOWLEDGMENT State of ArIz Oil C-,, County of MCA)'IC 0PC�- On AI (ii 210 2011 before me, Apr, I I M 4V II, 1 h+QKt4 Io bt1C, Ikae Name and Title of Officer (e.g., "Jane Doe, Notary Public personally appeared Do r- 16 ie2 G Name(a) of Signer(s) personally known to me 0 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 capacities and that by his/her /their signature(s) on the instrument the person(s), or the entity upon OFFICIAL SEAL behalf of which the person(s) acted, executed the said instrument. APRIL M. HULL Nordryry P�ublic - State of Arizona WITNESS my hand and official seal. My Comm. Exxpires May COUNTY 2013 C� r�1 . 4t& Signature of Notary Public OPTIONAL Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER (� INDIVIDUAL (_) CORPORATE OFFICER TTTLE(S) (� PARTNER(S) LIMITED GENERAL (__) ATTORNEY -IN-FACT C—) TRUSTEE(S) (� GUARDIAN /CONSERVATOR (� OTHER SIGNER IS REPRESENTING: NAME OF PERSON(S) OR ENTITY(IES) Meritage Homes of California, Inc. DESCRIPTION OF ATTACHED DOCUMENT Bond No. SDIFSU0546896 TrME OR TYPE OF DOCUMENT NUMBER OF PAGES April 20, 2011 DATE OF DOCUMENT SIGNER(S) OTHER THAN NAMED ABOVE IL GENERAL ALL - PURPOSE ACKNOWLEDGMENT State of Arizona County of Maricopa On April 20, 2011 before me, Brandy L. Baich, Notary Public Date Name and Title of Officer (e.g., "lane Doe, Notary Public ") personally appeared David G. Jensen OPTIONAL Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER (� INDIVIDUAL (_) CORPORATE OFFICER TITLE(S) (_) PARTNER(S) (_) LIMITED GENERAL ( X ) ATTORNEY -IN -FACT (_) TRUSTEE(S) (_) GUARDIAN /CONSERVATOR (_) OTHER SIGNER IS REPRESENTING: NAME OF PERSON(S) OR ENTITY(IES) International Fidelity Insurance Company DESCRIPTION OF ATTACHED DOCUMENT Bond No. SDIFSU0546896 TITLE OR TYPE OF DOCUMENT NUMBER OF PAGES April 20, 2011 DATE OF DOCUMENT N/A SIGNER(S) OTHER THAN NAMED ABOVE Name(s) of Signer(s) ® personally known to me ❑ 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 capacities 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 said instrument. OFFICIAL SEAL BRANDY L. BAICH WITNESS my hand and official seal. NOTARY PUBLIC - State of Arizona MARICOPA COUNTY My Comm. Expires April 30, 2012 - , ✓� Signature of Notary Public OPTIONAL Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER (� INDIVIDUAL (_) CORPORATE OFFICER TITLE(S) (_) PARTNER(S) (_) LIMITED GENERAL ( X ) ATTORNEY -IN -FACT (_) TRUSTEE(S) (_) GUARDIAN /CONSERVATOR (_) OTHER SIGNER IS REPRESENTING: NAME OF PERSON(S) OR ENTITY(IES) International Fidelity Insurance Company DESCRIPTION OF ATTACHED DOCUMENT Bond No. SDIFSU0546896 TITLE OR TYPE OF DOCUMENT NUMBER OF PAGES April 20, 2011 DATE OF DOCUMENT N/A SIGNER(S) OTHER THAN NAMED ABOVE This Power of Attorney is executed, and may be revoked, pursuant to and by authority of Article 3- Section 3, of the By -Laws adopted by the Board of Directors of INTERNATIONAL FIDELITY INSURANCE COMPANY at a meeting called and held on the 7th day of February, 1974. The President or any Vice President, Executive Vice President, Secretary or Assistant Secretary, shall have power and authority (1) To appoint Attorneys -in -fact, and to authorize them to execute on behalf of the Company, and attach the Seal of the Company thereto, bonds and undertakings, contracts of indemnity and other writings obligatory in the nature thereof and, (2) To remove, at any time, any such attorney -in -fact and revoke the authority given. Further, this Power of Attorney is signed and sealed by facsimile pursuant to resolution of the Board of Directors of said Company adopted at a meeting duly called and held on the 29th day of April, 1982 of which the following is a true excerpt: Now therefore the signatures of such officers and the seal of the Company may be affixed to any such power of attorney or any certificate relating thereto by facsimile, and any such power of attorney or certificate bearing such facsimile signatures or facsimile seal shall be valid and binding upon the Company and any such power so executed and certified by facsimile signatures and facsimile seal shall be valid and binding upon the Company in the future with respect to any bond or undertaking to which it is attached. 5 EJ T ' /NF IN TESTIMONY WHEREOF, INTERNATIONAL FIDELITY INSURANCE COMPANY has caused this instrument to be �\ signed and its corporate seal to be affixed by its authorized officer, this 16th day of October, A.D. 2007. ' OAP 0 . �Z INTERNATIONAL FIDELITY INSURANCE COMPANY SEAL c- T STATE OF NEW JERSEY y 904 N, �o County of Essex vl a �/�' Secretary On this 16th day of October 2007, before me came the individual who executed the preceding instrument, to me personally known, and, being by me duly sworn, said the he is the therein described and authorized officer of the INTERNATIONAL FIDELITY INSURANCE COMPANY; that the seal affixed to said instrument is the Corporate Seal of said Company; that the said Corporate Seal and his signature were duly affixed by order of the Board of Directors of said Company. ACORO® �� CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DDIYYYY) 9/28/2016 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER R.K. Gore & Associates Insurance Brokers, L.P. 15901 Red Hill Ave Suite 100 Tustin CA 92780 CON NAME: T Ma ali Melchor, CIC PHONE 71¢505 -7000 FAX 714573 -1770 E-MAIL ADDRESS. mmelchor @rkgore.com INSURER(S) AFFORDING COVERAGE NAIC d Y INSURERA:LIBERTY MUT FIRE INS CO 23035 10/1/2005 INSURED MERIT -3 .INSURER B :AIG Specialty ecialt Insurance Co 26883 Merltage Homes Corporation Attn: Risk Management 8800 East Raintree Dr, Ste 300 INSURER C INSURER D Scottsdale AZ 85260 INSURER E: $50,000 INSURER F MED EXP Any one person) $0 COVERAGES CERTIFICATE NUMBER- 3337911.04 REVISION NUMBER- THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR TYPE OF INSURANCE IN ADDLISUISH WV D' POLICY NUMBER MPMMIDDDY EFF MPOLICY M NYY LIMITS B X COMMERCIAL GENERAL LIABILITY Y RMGL5749895 10/1/2005 10/1/2017 EACH OCCURRENCE $3,000,000 CLAIMS -MADE �X OCCUR DAMAGE TO NTED PREMISES Ea occurrence $50,000 MED EXP Any one person) $0 PERSONAL 8 ADV INJURY $3,000,000 GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $3,000,000 POLICY El EC a LOC PRODUCTS - COMP/OP AGG $3,000,000 $ OTHER: AUTOMOBILE 'LIABILITY (Ea accident $ BODILY INJURY (Per person) $ ANY AUTO 1 ALL AUTOS NED SCHEDULED AUTOS NON-OWNED HIRED AUTOS AUTOS BODILY INJURY (Per accident) $ PROPERTY DAMAGE Per accident $ UMBRELLA LIAR OCCUR EACH OCCURRENCE $ HCLAIMS-MADE AGGREGATE $ EXCESS LIAB DED RETENTION $ $ A WORKERSCOMPENSATION AND EMPLOYERS' LIABILITY YIN ANYPROPRIETOR/PARTNER/EXECUTIVE OFFICER/MEMBER EXCLUDED? NIA WC2Z91434715056 101112016 10/1/2017 X PERT i ERH- E.L. EACH ACCIDENT $1,000,000 E.L. DISEASE - EA EMPLOYEE $1,000,000 (Mandatory in NH) If yes, describe under DESCRIPTION OF OPERATIONS below - E.LDISEASE- .POLICYLIMIT .$1,000,000 DESCRIPTION OF OPERATIONS / LOCATIONS I VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached If more space Is required) RE: Harvest Park The City of Gilroy, it's officers, officials and employees are named as additional insured on the General Liability per attached as required by written contract subject to the terms and conditions of the policy. City of Gilroy 7351 Rosanna Street Gilroy CA 95020 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.. REPRESENTATIVE @ 1988 -2014 ACORD CORPORATION. All ACORD 25 (2014/01) The ACORD name and logo are registered marks of ACORD POLICY NUMBER: 57498 -95 COMMERCIAL GENERAL LIABILITY CO 2012 0413 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - STATE OR GOVERNMENTAL AGENCY OR SUBDIVISION OR POLITICAL SUBDIVISION - PERMITS OR AUTHORIZATIONS This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART SCHEDULE State Or Governmental Agency Or Subdivision Or Political Subdivision: City of Gilroy, It's Officers, Officials, and Employees 7351 Rosana Street Gilroy, CA 95020 Information required to complete this Schedule, if not shown above will be shown in the Declarations. :J A. Section II Who Is An Insured is amended to include as an additional insured any state or governmental agency or subdivision or political subdivision shown in the Schedule, subject to the following provisions: 1. This insurance applies only with respect to operations performed by you or on your behalf for which the state or governmental agency or subdivision or political subdivision has issued a permit or authorization. However: a. The insurance afforded to such additional insured only applies to the extent permitted by law; and b. If coverage provided to the additional insured is required by a contract or agreement, the insurance afforded to such additional insured will not be broader than that which you are required by the contract or agreement to provide for such additional insured. 2. This insurance does not apply to: a. "Bodily injury", "property damage" or "personal and advertising injury" arising out of operations performed for the federal . government, state or municipality; or b. "Bodily injury" or "property damage" included within the "products- completed operations hazard". B. With respect to the insurance afforded to these additional insureds, the following is added to Section III — Limits Of Insurance. If coverage provided to the additional insured is required by a contract or agreement, the most we will pay on behalf of the additional insured is the amount of insurance: 1. Required by the contract or agreement; or 2. Available under the applicable Limits of Insurance shown in the Declarations; whichever is less. This endorsement shall not increase the applicable Limits of Insurance shown in the Declarations. CG 2012 0413 0 Insurance Services Office, Inc., 2012 Page 1 of 1