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Covenant Regarding Real Property 2022-0453480RECORDING REQUEST BY: ) ) CITY OF POWAY ) ) WHEN RECORDED MAIL TO: ) ) CITY CLERK ) CITY OF POWAY ) PO BOX 789 ) POWAY CA 92074-0789 ) DOC# 2022-0453480 111111111111 lllll 111111111111111 lllll 111111111111111 IIIII 1111111111111 Nov 30, 2022 11 :49 AM OFFICIAL RECORDS Ernest J . Dronenburg, Jr., SAN DIEGO COUNTY RECORDER FEES: $29 .00 (SB2 Atkins: $0.00) PAGES: 6 (This space for Recorder's Use) COVENANT REGARDING REAL PROPERTY AG EHC II (LEN) CA 2, L.P., a Delaware limited partnership, and Lennar Homes of California, LLC, a California limited liability company (hereinafter, collectively, "OWNER"), is the owner of real property described in the legal description attached hereto as Exhibit A and made part hereof ("PROPERTY" hereinafter). Pursuant to City of Poway City Council Resolution No. 20-052, including Section 8, Subsection 1(23), the Director of Development Services approved an alternative design disconnecting a previous trail connection across the westerly side of Villamoura Dive. OWNER shall allow the existing homeowners association of an adjacent residential community to the PROPERTY, the Stoneridge Chateaus Homeowners Association, (the "CHATEAUS HOA" hereinafter) or subsequent ownership, access on and through portions of the PROPERTY as reasonably necessary to install a full crosswalk across a portion of Villamoura Drive and adjacent improvements, which includes a private street owned by the CHATEAUS HOA, to accommodate a trail crossing the westerly portion of Villamoura Drive connecting the two adjacent trails of the PROPERTY (the ''TRAIL CROSSING" hereinafter). The design and improvements for the TRAIL CROSSING shall be at the CHATEAUS HOA'S sole cost and expense. Engineering records shall be provided by the OWNER if requested by the CHATEAUS HOA. If installed by the CHATEAUS HOA, the TRAIL CROSSING would allow members and owners of the CHATEAUS HOA, owners, occupants and residents of the PROPERTY and members of the public to access the TRAIL CROSSING and trails located in and around the PROPERTY. Upon installation, The Farm in Poway Community Association (the "FARM HOA") shall maintain such improvements at the sole cost and expense of the FARM HOA. This Covenant shall run with the land, inure to the benefit of and be binding upon OWNER, future owners, encumbrancers, successors, heirs, personal representatives, transferees and assigns of the respective parties, and is hereby expressly declared to be enforceable by the City of Poway. In the event of litigation to enforce the provisions of this Covenant, the prevailing party shall be entitled to full reimbursement of all costs, including reasonable attorneys' fees, from the other party. SMRH :4868-1334-1736.2 I 10822 [Signatures on Following Pages] -1- 40RN-325209 RECORDING REQUEST BY: ) ) CITY OF POWAY ) ) WHEN RECORDED MAIL TO: ) ) CITY CLERK ) CITY OF POWAY ) PO BOX 789 ) POWAY CA 92074-0789 ) (This space for Recorder's Use) COVENANT REGARDING REAL PROPERTY AG EHC II (LEN) CA 2, L.P., a Delaware limited partnership, and Lennar Homes of California, LLC, a California limited liability company (hereinafter, collectively, "OWNER"), is the owner of real property described in the legal description attached hereto as Exhibit A and made part hereof ("PROPERTY" hereinafter). Pursuant to City of Poway City Council Resolution No. 20-052, including Section 8, Subsection 1(23), the Director of Development Services approved an alternative design disconnecting a previous trail connection across the westerly side of Villamoura Dive. OWNER shall allow the existing homeowners association of an adjacent residential community to the PROPERTY, the Stoneridge Chateaus Homeowners Association, (the "CHATEAUS HOA" hereinafter) or subsequent ownership, access on and through portions of the PROPERTY as reasonably necessary to install a full crosswalk across a portion of Villamoura Drive and adjacent improvements , which includes a private street owned by the CHATEAUS HOA, to accommodate a trail crossing the westerly portion of Villamoura Drive connecting the two adjacent trails of the PROPERTY (the "TRAIL CROSSING" hereinafter). The design and improvements for the TRAIL CROSSING shall be at the CHATEAUS HOA'S sole cost and expense. Engineering records shall be provided by the OWNER if requested by the CHATEAUS HOA. If installed by the CHATEAUS HOA, the TRAIL CROSSING would allow members and owners of the CHATEAUS HOA, owners, occupants and residents of the PROPERTY and members of the public to access the TRAIL CROSSING and trails located in and around the PROPERTY. Upon installation, The Farm in Poway Community Association (the "FARM HOA") shall maintain such improvements at the sole cost and expense of the FARM HOA. This Covenant shall run with the land, inure to the benefit of and be binding upon OWNER, future owners, encumbrancers , successors, heirs, personal representatives, transferees and assigns of the respective parties, and is hereby expressly declared to be enforceable by the City of Poway. In the event of litigation to enforce the provisions of this Covenant, the prevailing party shall be entitled to full reimbursement of all costs, including reasonable attorneys' fees, from the other party. SMRH:4868-1334-1736 .2 110822 [ Signatures on Following Pages] 40RN-325209 Dated: ~J_l _ft_o l .......... z~z,,, __ _ Dated: -'~' /_t 5"_/_?;_:L __ Dated: OWNER OR AUTHORIZED AGENT: AG EHC II (LEN) CA 2, L.P. a Delaware limited partnership By: By: By: Essential Housing Asset Management, LLC, An Arizona limited liability company, lt~A(nt ~- Steven S. Benson, its Manager (Notarize) Lennar Homes of California, LLC, California limited liability company, gent _ _..<-----'r--·---:, Alexander L. Plishner, Vice President (Notarize) (All Signatures to be Notarized) SMRH :4868-1334-1736.2 110822 -2- 40RN-325209 Exhibit A (PROPERTY) Title to THE PROPERTY is vested in: AG EHC II (LEN) CA 2 , L.P., a Delaware limited partnership (as to Lots 13 through 24, 35 through 38, 43 through 105, 120 through 124, of Parcel 1 ); Lennar Homes of California, LLC , a California limited liability company (as successor-in-interest by conversion to Lennar Homes of California, Inc.) (as to Lots 161 through 192 of Parcel 1 and all of Parcels 3 and 4) and Lennar Homes of California, LLC, a California limited liability company (as to Lots 1, through 12 , 25 through 34, 39 through 42 , 106 through 119, 125 through 137 and 145 through 160, inclusive, of Parcel 1 and all of Parcel 2) Real Property in the City of Poway, County of San Diego, State of California, described as follows: PARCEL 1: LOTS 1 THROUGH 137, INCLUSIVE, 145 THROUGH 192 INCLUSIVE, OF CITY OF POWAY TM 19-002 THE FARM UNIT 1, IN THE CITY OF POWAY, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP THEREOF NO. 16478, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY, OCTOBER 27, 2021 . PARCEL 2: LOTS 138 THROUGH 144 INCLUSIVE, OF CITY OF POWAY TM 19-002 THE FARM UNIT 2, IN THE CITY OF POWAY, COUNTY OF SAN DIEGO , STATE OF CALIFORNIA, ACCORDING TO MAP THEREOF NO. 16479, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY, OCTOBER 27, 2021. PARCEL 3: LOTS A THROUGH 0, INCLUSIVE, R THROUGH W, INCLUSIVE, OF CITY OF POWAY TM 19-002 THE FARM UNIT 1, IN THE CITY OF POWAY, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP THEREOF NO. 16478, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY, OCTOBER 27, 2021. PARCEL 4: LOTS A AND 8, INCLUSIVE, OF CITY OF POWAY TM 19-002 THE FARM UNIT 2, IN THE CITY OF POWAY, COUNTY OF SAN DIEGO, STATE OF CALIFORNIA, ACCORDING TO MAP THEREOF NO. 16479, FILED IN THE OFFICE OF THE COUNTY RECORDER OF SAN DIEGO COUNTY, OCTOBER 27, 2021. APN: 273-110-07-00, 273-110-08-00 and 273-110-18-00 SMRH :4868-1334-1736 .2 110822 -Exhibit A- 40RN-325209 Covenant Regarding Real Property STATE OF ARIZONA} COUNTY OF MARICOPA} BEFORE ME, the undersigned authority, a Notary Public in and for the State of An·zan~ , on this day personally appeared , 1./e,«11 1,J · &,/1-KJh ' m(j,J /,LijfL of Essential Housing Asset Management, LLC, an Arizona limited liability company, Authorized Agent of AG EHC II (LEN) CA 2, L.P., a Delaware limited partnership, known to me to be the person whose name is subscribed to the foregoing instrument and acknowledged to me that (_)he executed the same for the purposes and consideration therein expressed, in the capacity therein stated, and as the act and deed of said company. Given under my hand and seal of office this_&_ day of 1,/4vem }u ,... ., ,2012 . Notary's Signature Name typed or printed Commission Expires SMRH :4868-1334-1736.2 I 10822 -3- Jaime Marie Adams Notary Public Maricopa County, Arizona My Comm . Expires 07-01 -25 1 .. Commission No. 607030 40RN-325209 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT A notary public or other officer completing certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. California } County of San Diego State of On November 15, 2022 before me, Diane Scott , Notary Public, personally appeared Alexander L. Plishner , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity{fes ), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENAL TY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Diane Scott / e • e e e e& • 1 DIANE SCOTT Notary Pub lic • California x San Diego County ~ Comm iss ion # 2287339 - My Comm , Expires May 30, 2023 (SEAL) ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of Cali~a '?') County of ~ fl tJIP · On :J-8 /4.J c) ti , 2-@2: -;;i..____ before me, --"'---=-'-'~=+---'-'-----'----'-"'-c.:..=-=--<----L..=--..c....;.......:........,q...-+- 7 7 (insert name and title of the officer) personally appeared /<a h er: f ·-:s-. m a n /,)'. who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENAL TY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. a: z Signa~&A/Jcseal) f LAURA A. STEWART i Commission No . 22.82980 ~ NOTARY PUBI.IC -CAUFORNIA ] SAN DIEGO COUNTY l Commission Expires April 9, 2023. l