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Evidence of Property - MidPen Housing CorporationDATE (MM/DD/YYYY) ACORDIM EVIDENCE OF COMMERCIAL PROPERTY INSURANCE 12/16/2014 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, PHONE 303-534-4567 COMPANY NAME AND ADDRESS NAIC NO: 19437 CONTACT PERSON AND ADDRESS A/C, No, Ext : IMA, Inc. — Colorado Division Lexington Insurance Company 1705 17"' Street, Suite 100 Denver, CO 80202 FAX 303-534-0600 E-MAADDRESS: denpam@imacorp.com A/C, No : IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH CODE: SUB CODE: 58 POLICY TYPE Commercial Property Policy AGENCY 34403 CUSTOMER ID #: NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER MidPen Housing Corporation 114633702015N EFFECTIVE DATE EXPIRATION DATE El CONTINUED UNTIL 303 Vintage Park Drive, Suite 250 Foster City, CA 94404 01/01/2015 01/01/2( TERMINATED IF CHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED: Sharmon Palms Lane Associates, LP �KV rCK I T mr-L)KIVIH I IVIV kuse KGivi/Am o un rage z, II inure Space IS reululreu) DUILUIIVU VK LJ DUJIrvCJJ rCRJV1V hiL rRV rCK 1 1 LOCATION/DESCRIPTION Name of Property: The Palms 844, 858, 870, 886, 898 & 910 Sharmon Palms Lane, Campbell, CA 95008 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. COVERAGE INFORMATION PERILS INSURED ❑ BASIC ❑ BROAD ❑ SPECIAL COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE $125,000,000 Loss Limit DED $5,000 YES NO N/A ® BUSINESS INCOME ® RENTAL VALUE If YES, LIMIT See Remarks ® 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: See Remarks DED: $5,000 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: Incl in loss limit DED: $5,000 ORDINANCE OR LAW — Coverage for loss to undamaged portion of bldg X — Demolition Costs X If YES, LIMIT: See Remarks DED: $5,000 — Incr. Cost of Construction X If YES, LIMIT See Remarks DED: $5,000 EARTH MOVEMENT (If Applicable) X If YES, LIMIT: See Remarks DED See Remarks FLOOD (If Applicable) X If YES, LIMIT: See Remarks DED: See Remarks WIND/HAIL (If Subject to Different Provisions) X If YES, LIMIT: Incl. in loss limit DED: $5,000 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 X MORTGAGEE LENDERS LOSS PAYABLE ADDITIONAL INSURED LENDER SERVICING AGENT NAME AND ADDRESS NAME AND ADDRESS AUTHORIZED REPRESENTATIVE The City of Campbell 70 North First Street Campbell, CA 95008 / ACORD 28 (2009/12) PAGE 1 OF 2 @ 2003-2009 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD EVIDENCE OF COMMERCIAL PROPERTY INSURANCE KEMARKS — Incluamg Special conaltions (use omy IT more space is requireu� Building, Personal Property, Business Income, (including Loss of Rents), Extra Expense Coverage, Machinery & Equipment Breakdown, Builders Risk Hard Costs and Soft Costs All Coverage Combined are included in the $125,000,000 Loss Limit Any One Occurrence. Newly Acquired or Constructed Property — Building, Your Business Personal Property and Business Interruption including Loss of Rents. Permanent Structures — $10,000,000 Automatic coverage up to 180 days; Full coverage once underwriter advised and accepted. Property Under the Course of Construction — $5,000,000 Automatic coverage up to 180 days; Full coverage once underwriter advised and accepted. Building Ordinance Demolition and Increased Cost of Construction Sub -Limit: 20% of Replacement Cost of damaged building structure(s) — subject to $500,000 minimum and a $2,500,000 per property maximum any one occurrence/Total Any One Occurrence — $10,000,000. Limited Fungus Coverage — $25,000 clean-up only after covered cause of loss. Earthquake — $5,000,000 Any One Occurrence; $5,000,000 Annual Aggregate; Deductible 2% of RC of damaged structure(s) or $25,000 Minimum per Occurrence. Earthquake coverage is excluded in California, Hawaii, Alaska, Puerto Rico, Canada and New Madrid Zone States and Counties as defined by the policy. Flood — $5,000,000 Any One Occurrence; $5,000,000 Annual Aggregate; Deductible 2% of RC of damaged structure(s) or $25,000 Minimum per Occurrence. Flood coverage is excluded in Zones A, B or V as defined by the National Flood Insurance Program. Wind/Hail: Named Windstorm, Flood & Storm Surge as defined by the policy and Excluding Terrorism: Tier 1 B Counties as defined by the policy in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island & Virginia. Deductible: 2% of Replacement Cost of damaged building structure(s) — subject to $25,000 minimum. Exclusion for Named Windstorm, Flood & Storm Surge and Terrorism as defined by the policy: Tier 1A States, Counties and Parishes as defined by the policy in Alabama, Florida, Georgia, Hawaii, Louisiana, Mississippi, North Carolina, South Carolina and Texas. ACORD 28 (2009/12) PAGE 2 OF 2 © 2003-2009 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD MEMBER: MidPen Housing Corporation POLICY NUMBER: 114633702015N EFFECTIVE DATE: 01/01/2015 — 01/01/2016 COMMERCIAL PROPERTY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EARLIER NOTICE OF CANCELLATION PROVIDED BY US This endorsement modifies insurance provided under the following: COMMERCIAL PROPERTY COVERAGE PART SCHEDULE Number of Days Notice — 30 or 10 Days for Non -Payment of Premium. Name Of The City of Campbell 70 North First Street Campbell, CA 95008 HPNP 07 (1-14) If no entry appears above, Information required to complete this Schedule will be shown in the Declarations as applicable to this endorsement. For any statutorily permitted reason, the number of days required for notice of cancellation as provided in paragraph 2. of either the CANCELLATION Common Policy Condition or as amended by an applicable state cancellation endorsement, is increased to the number or days shown in the Schedule above. HP NC (1-11) Page 1 of 1 DATE (MM/DD/YYYY) ACORDTM EVIDENCE OF COMMERCIAL PROPERTY INSURANCE 12/16/2014 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, PHONE 303-534-4567 COMPANY NAME AND ADDRESS NAIC NO: 19437 CONTACT PERSON AND ADDRESS A/C. No, Ext : IMA, Inc. — Colorado Division Lexington Insurance Company 1705 17"' Street, Suite 100 Denver, CO 80202 FAX 303-534-0600 E-MAADDRESS: denpam@imacorp.com A/C, No : IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH CODE: SUB CODE: 57 POLICY TYPE Commercial Property Policy AGENCY 34403 CUSTOMER ID #: NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER MidPen Housing Corporation 114633702015N EFFECTIVE DATE EXPIRATION DATE ❑ CONTINUED UNTIL 303 Vintage Park Drive, Suite 250 Foster City, CA 94404 01/01/2015 ' 01/01/2016 TERMINATED IF CHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED: Sharmon Palms Lane Associates, LP 'KUNtK I Y INf-UKIVIA I IL)N (Use KtIVIAKnJ on rage L, IT more space Is requirea) Ibi DUILUIN" UK IJ DUJIIVCJJ r-CRJUIWAL rr[UrCf[ I T LOCATION/DESCRIPTION Name of Property: Sharmon Palms 739, 751, 775, 949, 952, 961, 964, 975 & 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. COVERAGE INFORMATION PERILS INSURED I-1 BASIC n BROAD I -I SPECIAL M COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: $125,000,000 Loss Limit DED $5,000 YES NO N/A ® BUSINESS INCOME ® RENTAL VALUE If YES, LIMIT: See Remarks ® 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: See Remarks DED: $5,000 FUNGUS EXCLUSION (IF "YES," specify organizations form used) X REPLACEMENT COST X AGREED VALUE X COINSURANCE X If Yes, EQUIPMENT BREAKDOWN (If Applicable) X If YES, LIMIT: Incl. in loss limit DED $5,000 ORDINANCE OR LAW — Coverage for loss to undamaged portion of bldg X — Demolition Costs X If YES, LIMIT: See Remarks DED: $5,000 — Incr Cost of Construction X If YES, LIMIT: See Remarks DED $5,000 EARTH MOVEMENT (If Applicable) X If YES. LIMIT: See Remarks DED See Remarks FLOOD (If Applicable) X If YES, LIMIT: See Remarks DED See Remarks WIND/HAIL (If Subject to Different Provisions) X If YES, LIMIT: Incl. in loss limit DED: $5,000 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 X MORTGAGEE LENDERS LOSS PAYABLE ADDITIONAL INSURED LENDER SERVICING AGENT NAME AND ADDRESS NAME AND ADDRESS AUTHORIZED REPRESENTATIVE The City of Campbell 70 North First Street Campbell, CA 95008 ACORD 28 (2009/12) PAGE 1 OF 2 © 2003-2009 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD tV1UtNLt OF UUMMtKUTAL NKurtK I Y INSUKANLt KtMAKrs - mcivainq Jpecial UOnanions (use Only IT more space Is Building, Personal Property, Business Income, (including Loss of Rents), Extra Expense Coverage, Machinery & Equipment Breakdown, Builders Risk Hard Costs and Soft Costs All Coverage Combined are included in the $125,000,000 Loss Limit Any One Occurrence. Newly Acquired or Constructed Property - Building, Your Business Personal Property and Business Interruption including Loss of Rents. Permanent Structures - $10,000,000 Automatic coverage up to 180 days; Full coverage once underwriter advised and accepted Property Under the Course of Construction - $5,000,000 Automatic coverage up to 180 days; Full coverage once underwriter advised and accepted. Building Ordinance Demolition and Increased Cost of Construction Sub -Limit: 20% of Replacement Cost of damaged building structure(s) - subject to $500,000 minimum and a $2,500,000 per property maximum any one occurrence/Total Any One Occurrence - $10,000,000. Limited Fungus Coverage - $25,000 clean-up only after covered cause of loss. Earthquake - $5,000,000 Any One Occurrence; $5,000,000 Annual Aggregate; Deductible 2% of RC of damaged structure(s) or $25,000 Minimum per Occurrence. Earthquake coverage is excluded in California, Hawaii, Alaska, Puerto Rico, Canada and New Madrid Zone States and Counties as defined by the policy. Flood - $5,000,000 Any One Occurrence; $5,000,000 Annual Aggregate; Deductible 2% of RC of damaged structure(s) or $25,000 Minimum per Occurrence. Flood coverage is excluded in Zones A, B or V as defined by the National Flood Insurance Program. Wind/Hail: Named Windstorm, Flood & Storm Surge as defined by the policy and Excluding Terrorism: Tier 1 B Counties as defined by the policy in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island & Virginia. Deductible: 2% of Replacement Cost of damaged building structure(s) - subject to $25,000 minimum. Exclusion for Named Windstorm, Flood & Storm Surge and Terrorism as defined by the policy: Tier 1A States, Counties and Parishes as defined by the policy in Alabama, Florida, Georgia, Hawaii, Louisiana, Mississippi, North Carolina, South Carolina and Texas. Limits of Insurance used for Premium determination: Building Business Personal Property Business Income, Rents & Extra Expense DRAFT $ 4,383,225 Limit 25,000 Limit 398,339 Limit 5,000 Deductible 5,000 Deductible ACORD 28 (2009/12) PAGE 2 OF 2 © 2003-2009 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD MEMBER: MidPen Housing Corporation POLICY NUMBER: 114633702015N EFFECTIVE DATE: 01/01/2015 — 01/01/2016 COMMERCIAL PROPERTY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EARLIER NOTICE OF CANCELLATION PROVIDED BY US This endorsement modifies insurance provided under the following: COMMERCIAL PROPERTY COVERAGE PART SCHEDULE Number of Days Notice — 30 or 10 Days for Non -Payment of Premium. HPNP 07 (1-14) Name Of Organization(s) The City of Campbell 70 North First Street Campbell, CA 95008 If no entry appears above, Information required to complete this Schedule will be shown in the Declarations as applicable to this endorsement. For any statutorily permitted reason, the number of days required for notice of cancellation as provided in paragraph 2. of either the CANCELLATION Common Policy Condition or as amended by an applicable state cancellation endorsement, is increased to the number or days shown in the Schedule above. HP NC (1-11) Page 1 of 1 MEMBER: MidPen Housing Corporation POLICY NUMBER: 114633702015N EFFECTIVE DATE: 01/01/2015 — 01/01/2016 COMMERCIAL PROPERTY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EARLIER NOTICE OF CANCELLATION PROVIDED BY US This endorsement modifies insurance provided under the following: COMMERCIAL PROPERTY COVERAGE PART SCHEDULE Number of Days Notice — 30 or 10 Days for Non -Payment of Premium. Name Of Organization The City of Campbell 70 North First Street Campbell, CA 95008 HPNP 07 (1-14) If no entry appears above, Information required to complete this Schedule will be shown in the Declarations as applicable to this endorsement. For any statutorily permitted reason, the number of days required for notice of cancellation as provided in paragraph 2. of either the CANCELLATION Common Policy Condition or as amended by an applicable state cancellation endorsement, is increased to the number or days shown in the Schedule above. HP NC (1-11) Page 1 of 1 CVIUCIVI.0 Ur %.U1V11VICKl.IHL YKV1'CK I T IrVJu K/-INut: KCIVIHKnJ — inumulrlq Jpecldl uunuluurlb lute urlly II more 5vace IS feLlul Building, Personal Property, Business Income, (including Loss of Rents), Extra Expense Coverage, Machinery & Equipment Breakdown, Builders Risk Hard Costs and Soft Costs All Coverage Combined are included in the $125,000,000 Loss Limit Any One Occurrence. Newly Acquired or Constructed Property — Building, Your Business Personal Property and Business Interruption including Loss of Rents. Permanent Structures — $10,000,000 Automatic coverage up to 180 days; Full coverage once underwriter advised and accepted. Property Under the Course of Construction — $5,000,000 Automatic coverage up to 180 days; Full coverage once underwriter advised and accepted. Building Ordinance Demolition and Increased Cost of Construction Sub -Limit: 20% of Replacement Cost of damaged building structure(s) — subject to $500,000 minimum and a $2,500,000 per property maximum any one occurrence/Total Any One Occurrence — $10,000,000. Limited Fungus Coverage — $25,000 clean-up only after covered cause of loss Earthquake — $5,000,000 Any One Occurrence; $5,000,000 Annual Aggregate; Deductible 2% of RC of damaged structure(s) or $25,000 Minimum per Occurrence. Earthquake coverage is excluded in California, Hawaii, Alaska, Puerto Rico, Canada and New Madrid Zone States and Counties as defined by the policy. Flood — $5,000,000 Any One Occurrence; $5,000,000 Annual Aggregate; Deductible 2% of RC of damaged structure(s) or $25,000 Minimum per Occurrence. Flood coverage is excluded in Zones A, B or V as defined by the National Flood Insurance Program. Wind/Hail: Named Windstorm, Flood & Storm Surge as defined by the policy and Excluding Terrorism: Tier 1 B Counties as defined by the policy in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island & Virginia. Deductible: 2% of Replacement Cost of damaged building structure(s) — subject to $25,000 minimum. Exclusion for Named Windstorm, Flood & Storm Surge and Terrorism as defined by the policy: Tier 1A States, Counties and Parishes as defined by the policy in Alabama, Florida, Georgia, Hawaii, Louisiana, Mississippi, North Carolina, South Carolina and Texas. Limits of Insurance used for Premium determination: Building Business Personal Property Business Income, Rents & Extra Expense $ 4,383,225 Limit 25,000 Limit 398,339 Limit 5,000 Deductible 5,000 Deductible ACORD 28 (2009112) PAGE 2 OF 2 © 2003-2009 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD DATE (MM/DD/YYYY) ACORD,. EVIDENCE OF COMMERCIAL PROPERTY INSURANCE 12/16/2014 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, PHONE 303-534-4567 COMPANY NAME AND ADDRESS NAIC NO: 19437 CONTACT PERSON AND ADDRESS A/C, No, Ext : IMA, Inc. — Colorado Division Lexington Insurance Company 1705 17'h Street, Suite 100 Denver, CO 80202 IF MULTIPLE COMPANIES COMPLETE SEPARATE FORM FOR EACH FAX AIC No ; 303-534-0600 E-MAADDRESS: denpam@imacorp.com CODE: SUB CODE: 107 POLICY TYPE Commercial Property Policy AGENCY 34403 CUSTOMER ID #: NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER MidPen Housing Corporation 114633702015N EFFECTIVE DATE EXPIRATION DATE ❑ CONTINUED UNTIL 303 Vintage Park Drive, Suite 250 Foster City, CA 94404 01/01/2015 01/01/2016 TERMINATED IF CHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED: Sharmon Palms Lane Associates, LP 'KUPt:K I Y INFUKMA I IUN (Use KtMAKK5 on Page Z, IT more space Is requlrea) I& tf UILUINU UK LJ t5U51Nt55 F't KSUNAL VKUYtK I 1 LOCATION/DESCRIPTION Name of Property: Sharmon Palms 739, 751, 775, 949, 952, 961, 964, 975 & 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. COVERAGE INFORMATION PERILS INSURED M BASIC M BROAD M SPECIAL M COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: $125,000,000 Loss Limit DED: $5,000 YES NO NIA ® BUSINESS INCOME ® RENTAL VALUE If YES, LIMIT: See Remarks ® 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: See Remarks DED: $5,000 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: Incl. in loss limit DED: $5,000 ORDINANCE OR LAW — Coverage for loss to undamaged portion of bldg X — Demolition Costs X If YES, LIMIT: See Remarks DED: $5,000 — Incr. Cost of Construction X If YES, LIMIT: See Remarks DED: $5,000 EARTH MOVEMENT (If Applicable) X If YES, LIMIT: See Remarks DED: See Remarks FLOOD (If Applicable) X If YES, LIMIT: See Remarks DED: See Remarks WIND/HAIL (If Subject to Different Provisions) X If YES, LIMIT: Incl. in loss limit DED: $5,000 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 MORTGAGEE ADDITIONAL INSURED LENDER SERVICING AGENT NAME AND ADDRESS X LENDERS LOSS PAYABLE NAME AND ADDRESS AUTHORIZED REPRESENTATIVE The City of Campbell 111,14 70 North First StreetCampbell, CA 95008 ACORD 28 (2009112) PAGE 1 OF 2 © 2003-2009 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD DATE (MM/DD/YYYY) ACORD, EVIDENCE OF COMMERCIAL PROPERTY INSURANCE 12/16/2014 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, PHONE 303-534-4567 COMPANY NAME AND ADDRESS NAIC NO: 19437 CONTACT PERSON AND ADDRESS A/C, No Ext : IMA, Inc. — Colorado Division Lexington Insurance Company 1705 17'h Street, Suite 100 Denver, CO 80202 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH FAX A/C, No ; 303-534-0600 E-MAADDRESS: denpam@imacorp.com CODE: SUB CODE: 57 POLICY TYPE Commercial Property Policy AGENCY 34403 CUSTOMER ID #: NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER MidPen Housing Corporation 114633702015N EFFECTIVE DATE EXPIRATION DATE ❑ CONTINUED UNTIL 303 Vintage Park Drive, Suite 250 Foster City, CA 94404 01/01/2015 01I01/2016 TERMINATED IF CHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED: rKUVLK I T INruKNIA I IUN (use KtmAKr b on rage z, IT more space Is requ 989 Sharmon Palms Lane, Campbell, CA 95008 161 DUILUIVI" VR L,J DUOIIYCJJ r'CRJVIAML r'RVrCRI 1 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. COVERAGE INFORMATION PERILS INSURED n BASIC 71 BROAD n SPECIAL M COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: $125,000,000 Loss Limit DED: $5,000 YES NO NIA ® BUSINESS INCOME ® RENTAL VALUE If YES, LIMIT: See Remarks ® 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: See Remarks DED: $5,000 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: Incl. in loss limit DED: $5,000 ORDINANCE OR LAW — Coverage for loss to undamaged portion of bldg X — Demolition Costs X If YES, LIMIT: See Remarks DED: $5,000 — Incr. Cost of Construction X If YES, LIMIT: See Remarks DED: $5,000 EARTH MOVEMENT (If Applicable) X If YES, LIMIT: See Remarks DED: See Remarks FLOOD (If Applicable) X If YES, LIMIT: See Remarks DED: See Remarks WIND/HAIL (If Subject to Different Provisions) X If YES, LIMIT: Incl. in loss limit DED: $5,000 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 X IMORTGAGEE ADDITIONAL INSURED LENDER SERVICING AGENT NAME AND ADDRESS LENDERS LOSS PAYABLE NAME AND ADDRESS AUTHORIZED REPRESENTATIVE The City of Campbell 70 North First Street j Campbell, CA 95008 ACORD 28 (2009112) PAGE 1 OF 2 © 2003-2009 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD tVIUtNGt Ur UUMMtKGIAL VKUYtK I Y INJUKANct KtMAKN6 — mClUamq Jpecial Gonamons (use omy a more space is Building, Personal Property, Business Income, (including Loss of Rents), Extra Expense Coverage, Machinery & Equipment Breakdown, Builders Risk Hard Costs and Soft Costs All Coverage Combined are included in the $125,000,000 Loss Limit Any One Occurrence. Newly Acquired or Constructed Property - Building, Your Business Personal Property and Business Interruption including Loss of Rents. Permanent Structures - $10,000,000 Automatic coverage up to 180 days; Full coverage once underwriter advised and accepted Property Under the Course of Construction - $5,000,000 Automatic coverage up to 180 days; Full coverage once underwriter advised and accepted. Building Ordinance Demolition and Increased Cost of Construction Sub -Limit: 20% of Replacement Cost of damaged building structure(s) - subject to $500,000 minimum and a $2,500,000 per property maximum any one occurrence/Total Any One Occurrence - $10,000,000. Limited Fungus Coverage - $25,000 clean-up only after covered cause of loss Earthquake - $5,000,000 Any One Occurrence; $5,000,000 Annual Aggregate; Deductible 2% of RC of damaged structure(s) or $25,000 Minimum per Occurrence. Earthquake coverage is excluded in California, Hawaii, Alaska, Puerto Rico, Canada and New Madrid Zone States and Counties as defined by the policy. Flood - $5,000,000 Any One Occurrence; $5,000,000 Annual Aggregate; Deductible 2% of RC of damaged structure(s) or $25,000 Minimum per Occurrence. Flood coverage is excluded in Zones A, B or V as defined by the National Flood Insurance Program. Wind/Hail: Named Windstorm, Flood & Storm Surge as defined by the policy and Excluding Terrorism: Tier 1B Counties as defined by the policy in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island & Virginia. Deductible: 2% of Replacement Cost of damaged building structure(s) - subject to $25,000 minimum. Exclusion for Named Windstorm, Flood & Storm Surge and Terrorism as defined by the policy: Tier 1A States, Counties and Parishes as defined by the policy in Alabama, Florida, Georgia, Hawaii, Louisiana, Mississippi, North Carolina, South Carolina and Texas. Limits of Insurance used for Premium determination: Building Business Personal Property Business Income, Rents & Extra Expense DRAFT $ 4,383,225 Limit 25,000 Limit 398,339 Limit 5,000 Deductible 5,000 Deductible ACORD 28 (2009/12) PAGE 2 OF 2 © 2003-2009 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD MEMBER: MidPen Housing Corporation POLICY NUMBER: 114633702015N EFFECTIVE DATE: 01/01/2015 — 01/01/2016 COMMERCIAL PROPERTY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EARLIER NOTICE OF CANCELLATION PROVIDED BY US This endorsement modifies insurance provided under the following: COMMERCIAL PROPERTY COVERAGE PART SCHEDULE Number of Days Notice — 30 or 10 Days for Non -Payment of Premium. HPNP 07 (1-14) Name Of Organization(s) The City of Campbell 70 North First Street Campbell, CA 95008 If no entry appears above, Information required to complete this Schedule will be shown in the Declarations as applicable to this endorsement. For any statutorily permitted reason, the number of days required for notice of cancellation as provided in paragraph 2. of either the CANCELLATION Common Policy Condition or as amended by an applicable state cancellation endorsement, is increased to the number or days shown in the Schedule above. HP NC (1-11) Page 1 of 1 MEMBER: MiclPen Housing Corporation POLICY NUMBER: 114633702015N EFFECTIVE DATE: 01/01/2015 — 01/01/2016 COMMERCIAL PROPERTY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. EARLIER NOTICE OF CANCELLATION PROVIDED BY US This endorsement modifies insurance provided under the following: COMMERCIAL PROPERTY COVERAGE PART SCHEDULE Number of Days Notice — 30 or 10 Days for Non -Payment of Premium. Name Of The City of Campbell 70 North First Street Campbell, CA 95008 HPNP 07 (1-14) If no entry appears above, Information required to complete this Schedule will be shown in the Declarations as applicable to this endorsement. For any statutorily permitted reason, the number of days required for notice of cancellation as provided in paragraph 2. of either the CANCELLATION Common Policy Condition or as amended by an applicable state cancellation endorsement, is increased to the number or days shown in the Schedule above. HP NC (1-11) Page 1 of 1 tvwtrvut ur uvmmtKL SAL F KUVtK i r IIVJUKArvut KtmAKr b - mcivainq bpeciai uonanions (use omV it more space is requires Building, Personal Property, Business Income, (including Loss of Rents), Extra Expense Coverage, Machinery & Equipment Breakdown, Builders Risk Hard Costs and Soft Costs All Coverage Combined are included in the $125,000,000 Loss Limit Any One Occurrence. Newly Acquired or Constructed Property - Building, Your Business Personal Property and Business Interruption including Loss of Rents. Permanent Structures - $10,000,000 Automatic coverage up to 180 days; Full coverage once underwriter advised and accepted. Property Under the Course of Construction - $5,000,000 Automatic coverage up to 180 days; Full coverage once underwriter advised and accepted. Building Ordinance Demolition and Increased Cost of Construction Sub -Limit: 20% of Replacement Cost of damaged building structure(s) - subject to $500,000 minimum and a $2,500,000 per property maximum any one occurrence/Total Any One Occurrence - $10,000,000. Limited Fungus Coverage - $25,000 clean-up only after covered cause of loss. Earthquake - $5,000,000 Any One Occurrence; $5,000,000 Annual Aggregate; Deductible 2% of RC of damaged structure(s) or $25,000 Minimum per Occurrence. Earthquake coverage is excluded in California, Hawaii, Alaska, Puerto Rico, Canada and New Madrid Zone States and Counties as defined by the policy. Flood - $5,000,000 Any One Occurrence; $5,000,000 Annual Aggregate; Deductible 2% of RC of damaged structure(s) or $25,000 Minimum per Occurrence. Flood coverage is excluded in Zones A, B or V as defined by the National Flood Insurance Program. Wind/Hail: Named Windstorm, Flood & Storm Surge as defined by the policy and Excluding Terrorism: Tier 1B Counties as defined by the policy in Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island & Virginia. Deductible: 2% of Replacement Cost of damaged building structure(s) - subject to $25,000 minimum. Exclusion for Named Windstorm, Flood & Storm Surge and Terrorism as defined by the policy: Tier 1A States, Counties and Parishes as defined by the policy in Alabama, Florida, Georgia, Hawaii, Louisiana, Mississippi, North Carolina, South Carolina and Texas. Limits of Insurance used for Premium determination: Building Business Personal Property Business Income, Rents & Extra Expense $ 4,383,225 Limit 25,000 Limit 398,339 Limit 5,000 Deductible 5,000 Deductible ACORD 28 (2009/12) PAGE 2 OF 2 © 2003-2009 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD