Lot Savona

 Traditio

nal II

Sorren

to Traditio

nal II

Creighton Tradition

al

Cambridge Traditio

nal

Murano Tradition

al

Keaton

 Traditio

nal

Carlisle

 Traditio

nal

Tivoli Tradition

al

Roma Tradition

al

Torin

o Tradition

al

New

bury Traditio

nal

Catania

Mapleton Tradition

al

Mapleton

Lucca Tradition

al

Mon

aco Tradition

al

Avigno

n

Palerm

o

Palerm

o Tradition

al

Carrara Tradition

al

Pied

mon

t Cottage

Pied

mon

t Traditio

nal

Palisades Traditio

nal

Palisades Cottage

Carm

el Traditio

nal

Mon

terey Tradition

al

Palo Alto

 Traditio

nal

Palo Alto

 Cottage

2 Car 3 Car401 x x x x x x x x 2 x 2 2 x x 2 2 2 2 2 x 3 3 3 3 x x x x 26 11402 x x x 2 3 2 2 2 3 2 3 3 2 2 3 3 3 3 3 2 3 3 3 3 2 3 3 3 53 34403 x x x x x x x x 2 x x 2 x x 2 2 2 2 2 x 3 3 3 3 x x 2 2 30 7404 x x x x x x x x 2 x x 2 x x 2 2 2 2 2 x 3 3 3 3 x x 2 2 30 11405 x x x x 2 x x x 2 x 2 2 x x 2 2 2 2 2 x 3 3 3 3 x x 2 2 32 11406 x x x 2 x x 2 2 3 2 3 3 2 2 3 3 3 3 3 2 3 3 3 3 2 2 3 3 50 31407 x x x 2 x 2 2 2 3 2 3 3 2 2 3 3 3 3 3 2 3 3 3 3 2 2 3 3 51 31408 x x x x x x x x 2 x 2 2 x x 2 2 2 2 2 x 3 3 3 3 x x 2 2 31 11409 x x x x x x x x 2 x x 2 x x 2 2 2 2 2 x 3 3 3 3 x x x x 28 13410 x x x x x x x x 2 2 2 2 2 2 2 3 3 2 2 x 3 3 3 3 2 2 x x 38 20411 x x x x x x x x 2 x x 2 2 2 x 2 2 3 3 x 2 2 3 3 2 x x x 31 17412 x x x x x x x x 2 2 2 2 x x x 2 3 2 2 x 3 3 3 3 x 2 x x 32 18413 x x x x x x x x 2 x x 2 x x 2 2 2 2 2 x 3 3 3 3 x x x x 27 11414 x x x x x x x x 2 x x x x x x 2 2 2 2 x 3 3 3 3 x x x x 25 13415 x x x x x x x x 2 2 2 2 x x 2 2 3 2 2 x 3 3 3 3 x 2 x x 33 18416 x x x x x x x x 2 2 2 2 x x 2 2 3 2 2 x 3 3 3 3 x 2 x x 33 18417 x x x x x x x x 2 2 2 2 x x 2 2 3 2 2 x 3 3 3 3 x 2 x x 33 18418 x x x x x x x x 2 2 2 2 x x 2 2 3 2 2 x 3 3 3 3 x 2 x x 33 18419 x x x x x x x x 2 x x x x x 2 2 2 2 2 2 3 3 3 3 x x 2 2 28 13420 x x x x x x x x 2 2 2 2 x x 2 2 3 2 2 x 3 3 3 3 x 2 2 2 33 14421 x x x x x x x x 2 2 2 2 x x 2 2 3 2 2 x 3 3 3 3 x 2 2 2 32 14422 x x x x x x x x 2 2 2 2 x x 2 2 3 2 2 x 3 3 3 3 x 2 2 2 32 12423 x x 3 2 3 2 3 2 3 3 3 3 3 3 3 3 3 3 3 2 3 3 3 3 3 3 3 3 54 45424 x x x x 2 x x x 2 2 2 2 x x 2 2 3 2 2 x 3 3 3 3 x 2 3 3 41 20425 x x x 2 2 2 2 2 3 2 3 3 2 2 3 3 3 3 3 2 3 3 3 3 2 2 3 3 52 32426 x x 3 x x 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 51 46427 x x x x x x x x 3 2 3 3 2 2 3 3 3 3 3 x 3 3 3 3 2 x 3 3 39 30428 x x 3 2 x x 3 2 3 3 3 3 3 3 3 3 3 3 3 2 3 3 3 3 3 3 3 3 48 39429 x x x x x x x x 2 x x x x x 2 2 2 2 2 x 3 3 3 3 x x 2 2 30 7430 x x x x x x x x 2 x x x x x 2 2 2 2 2 x 3 3 3 3 x x 2 2 30 7431 x x x x x x x x 2 x x x x x 2 2 2 2 2 x 3 3 3 3 x x 2 2 30 7432 x x x x x x x x 2 x x x x x 2 2 2 2 2 x 3 3 3 3 x x 2 2 30 7433 x x x x x x x x 2 x x x x x 2 2 2 2 2 x 3 3 3 3 x x 2 2 30 7434 x x x x x x x x 2 x x x x x 2 2 2 2 2 x 3 3 3 3 x x 2 2 30 7435 x x x x x x x x 2 x x x x x 2 2 2 2 2 x 3 3 3 3 x x 2 2 30 72 Car 0 0 3 6 5 5 7 7 35 18 21 26 10 10 32 35 35 35 35 8 35 35 35 35 10 17 24 243 Car 0 0 3 0 2 0 3 1 8 3 8 8 3 3 8 9 18 9 9 1 34 34 35 35 3 4 9 9

RAMBLER

SPANISH HIGHLANDS ESTATES D  FIT ANALYSIS9/23/2014

Lot Tuscany Tradition

al II

Camde

n Tradition

al

Bella Vista

Broadm

oor T

raditio

nal

Hanover Traditio

nal

Ham

pton

Vene

zia Traditio

nal

Mon

tclair Tradition

al

Brescia Tradition

al

San Marino Craftsman

San Marino Tradition

al II

Ambe

rwoo

d Craftsman

Ambleside Tradition

al

Yorkshire

 Traditio

nal

Ham

ilton

 Traditio

nal II

Clairemon

t Traditio

nal

Wande

rwoo

d Tradition

al

Wande

rwoo

d Tu

dor

Briarw

ood Fren

ch Cou

ntry

Briarw

ood Tu

dor

Kensington

 Craftsm

an

Alpine

 Traditio

nal II

Napoli Traditio

nal II

New

castle Traditio

nal

Melbo

urne

 Craftsm

an

Revere

Revere Traditio

nal

Chesapeake Craftsm

an

Davenp

ort T

raditio

nal

Bridgepo

rt Traditio

nal

401 x x x x x x x x x x x x x x x 2 3 3 3 3 x 2 2 2 2 2 2 3 3 3402 2 x x 2 2 2 2 3 3 3 3 3 2 2 2 3 3 3 3 3 2 3 3 3 2 3 3 3 3 3403 x x x x x x x x 2 2 2 x x x x 2 2 2 2 2 x 2 2 2 2 2 2 3 3 3404 x x x x x x x x 2 2 2 x x x x 2 3 3 3 3 x 2 2 2 2 2 2 3 3 3405 x x x x x x x x 2 2 2 x x x x 2 3 3 3 3 x 2 2 2 2 2 2 3 3 3406 2 x x 2 2 2 2 3 3 3 3 x 2 2 2 3 3 3 3 3 2 3 3 3 2 3 3 3 3 3407 2 x x 2 2 2 2 3 3 3 3 x 2 2 2 3 3 3 3 3 2 3 3 3 2 3 3 3 3 3408 x x x x x x x x 2 2 2 x x x x 2 3 3 3 3 x 2 2 2 2 2 2 3 3 3409 x x x x x x x x 2 x x x x 2 x 2 3 3 3 3 2 2 2 2 2 3 3 3 3 3410 x x x x x x 2 3 2 x x x 2 2 2 3 3 3 3 3 2 3 3 3 2 3 3 3 3 3411 x x x x x x x 3 x x x x x 2 2 3 3 3 3 3 2 2 3 3 2 3 3 3 3 3412 x x x x x x x 3 x x x x 2 2 2 3 3 3 3 3 2 2 3 3 2 3 3 3 3 3413 x x x x x x x x x x x x x 2 x 2 3 3 3 3 2 2 2 2 2 2 2 3 3 3414 x x x x x x x x x x x x x 2 x 2 3 3 3 3 2 2 2 2 2 3 3 3 3 3415 x x x x x x x 3 x x x x 2 2 2 3 3 3 3 3 2 2 3 3 2 3 3 3 3 3416 x x x x x x x 3 x x x x 2 2 2 3 3 3 3 3 2 2 3 3 2 3 3 3 3 3417 x x x x x x x 3 x x x x 2 2 2 3 3 3 3 3 2 2 3 3 2 3 3 3 3 3418 x x x x x x x 3 x x x x 2 2 2 3 3 3 3 3 2 2 3 3 2 3 3 3 3 3419 x x x x x x x x 2 x x x x x x 2 3 3 3 3 x 2 2 2 2 3 3 3 3 3420 x x x x x x 2 x 2 x x x x 2 x 2 3 3 3 3 x 2 2 2 2 3 3 3 3 3421 x x x x x x x x 2 x x x x 2 x 2 3 3 3 3 x 2 2 2 2 3 3 3 3 3422 x x x x x x x x 2 x x x x 2 x 2 3 3 3 3 x 2 2 2 2 2 2 3 3 3423 2 x x 3 2 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 2 3 3 3 2 3 3 3 3 3424 x x x 2 x x 2 3 2 2 2 x 2 2 2 3 3 3 3 3 2 2 3 3 2 3 3 3 3 3425 2 x x 3 2 2 2 3 3 3 3 x 2 2 2 3 3 3 3 3 2 3 3 3 2 3 3 3 3 3426 3 x x 2 3 2 3 3 3 3 3 x 3 3 3 3 3 3 3 3 2 3 3 3 2 3 3 3 3 3427 x x x x x x 3 3 3 x x x 2 2 2 3 3 3 3 3 2 3 3 3 2 3 3 3 3 3428 2 x x x 2 2 2 3 3 x x x 3 3 3 3 3 3 3 3 2 3 3 3 2 3 3 3 3 3429 x x x x x x x x 2 2 2 2 x x x 2 2 2 2 2 x 2 2 2 2 2 2 3 3 3430 x x x x x x x x 2 2 2 2 x x x 2 2 2 2 2 x 2 2 2 2 2 2 3 3 3431 x x x x x x x x 2 2 2 2 x x x 2 2 2 2 2 x 2 2 2 2 2 2 3 3 3432 x x x x x x x x 2 2 2 2 x x x 2 2 2 2 2 x 2 2 2 2 2 2 3 3 3433 x x x x x x x x 2 2 2 2 x x x 2 2 2 2 2 x 2 2 2 2 2 2 3 3 3434 x x x x x x x x 2 2 2 2 x x x 2 2 2 2 2 x 2 2 2 2 2 2 3 3 3435 x x x x x x x x 2 2 2 2 x x x 2 2 2 2 2 x 2 2 2 2 2 2 3 3 32 Car 7 0 0 7 7 7 11 16 26 18 18 9 15 22 16 35 35 35 35 35 19 35 35 35 35 35 35 35 35 353 Car 1 0 0 2 1 0 3 16 8 6 6 2 3 3 3 16 27 27 27 27 0 9 16 16 0 21 21 35 35 35

TWO‐STORY

SPANISH HIGHLANDS ESTATES D  FIT ANALYSIS9/23/2014

4838-4367-1301.1

PROPERTY CONDITIONS ADDENDUM TO REAL ESTATE PURCHASE AGREEMENT Spanish Highlands Estates D

This ADDENDUM (the "Addendum") is attached to and forms part of a "Real Estate Purchase Agreement" (the "AGREEMENT") that is entered into by Ivory Homes, Ltd., ("SELLER"), on the AGREEMENT DATE, with the BUYER and for the LOT described below.

Capitalized terms used in this ADDENDUM (except bold capitalized terms) shall have the meanings for such terms that appear in the AGREEMENT or in this ADDENDUM. AGREEMENT DATE:_______________________________________________ LOT ______ of ___________________________Subdivision BUYER:__________________________________________________________ located in city of___________________________, county of ___________________________________________________________ ____________________________________________, Utah Telephone H:__________________________ W:__________________________ The following is a summary of various conditions on the PROPERTY known of by SELLER as of the AGREEMENT DATE. By making this disclosure, SELLER does not assume legal obligations that do not exist in applicable statutory and common law and hereby reserves its right to rest on established legal principles. To the extent SELLER is not required by applicable statutory and/or common law to disclose the following, such disclosures are provided by SELLER as a customer courtesy and SELLER disclaims any liability with respect to any such disclosures. BUYER is advised to conduct its own independent investigation of the substance of the disclosures set forth below and their legal significance: OFF SITE LAND USE CONDITIONS NOT MATERIAL Buyer has not relied on existing zoning, approved uses, restrictions, conditions, covenants, structures, improvement, landscaping, trees, foliage or the absence thereof, on, above or beneath real property surrounding the Property purchased by Buyer pursuant to its Real Estate Purchase Agreement, common areas, real property surrounding the subdivision owned by Seller, and real property surrounding the subdivision owned by third parties (all such property referred to as “Adjacent Property”). Seller makes no representation, warranty or guaranty that existing zoning, approved uses, restrictions, conditions, covenants on, above or beneath the Adjacent Property, or that the existing zoning, approved uses, restrictions, conditions, covenants structures, improvement, landscaping, trees, foliage or the absence thereof, on, above or beneath the Adjacent Property will not be altered, amended or removed. Seller reserves the right to alter, amend or remove existing zoning, improvements and conditions on its property surrounding Buyer’s Property, in common areas, and surrounding the subject subdivision, without notice to Buyer other than that required by applicable local ordinance or by statute. NOTICE OF RECORDED SUBDIVISION PLAT Buyer has reviewed and hereby acknowledges that it is on notice of all terms, covenants, conditions, and restrictions included on the recorded subdivision plat, which are hereby incorporated, including but not limited to such terms, covenants, conditions and restrictions as may have been required by local municipal ordinance or by the reviewing authority in the course of the land use approval process. SOILS REPORT/ENVIRONMENTAL ANALYSIS: Soils and environmental reports were prepared by AGEC. The subsurface soils consist of approximately 1 foot of topsoil overlying predominantly lean clay. Silty sand was encountered below the clay extending to the maximum depth investigated, approximately 13 feet. No Subsurface water was measured. Subsequent reports have been prepared by AGEC which also show the same results as the original report. STORM WATER POLLUTION PREVENTION PLAN: SWPPP and Drainage Plan for the project was created by LEI Engineering and includes best management practices such as stabilized construction entrances, silt fence, and inlet protection. Surface drainage on the rear of the units will be toward the roadways or a rear-lot drainage swell, and drainage on front and side of units will be toward the streets. TRAFFIC IMPACT STUDY: No traffic studies have been conducted for this project. SEISMIC TESTING AND SURVEY: No seismic testing has been done. SPANISH FORK POWER: This subdivision is located in Spanish Fork City limits. The City has their own power company so the power for Spanish Highlands Estates will be provided by Spanish Fork. PLAT MAPS AND DESCRIPTIONS: The plat for the Spanish Highlands Estates was completed by LEI Engineers Surveyors and Planners, Inc. The road and sidewalks are dedicated to Spanish Fork City and are considered Public roads. There are public utility easements located on the lots. They are 10 foot on the front, 7.5 foot minimum on side yards, and 10 foot on the rear property line. The property is located in an area near farmland. The following note is on the recorded plat, “This area is subject to the normal everyday sounds, odors, sights, equipment, facilities and all other aspects associated with an agricultural lifestyle. Future residents should also recognize the risks inherent with livestock”.

Page 1 of 2 (Signature Page to Follow) ( ) ( ) Buyer’s Initials

4838-4367-1301.1

BUYER acknowledges that he/she received, read, and understands this ADDENDUM. BUYER further acknowledges that he/she has been notified by SELLER that detailed descriptions of the above summarized conditions on the PROPERTY, including but not limited to all soils, ground and surface water studies, analyses and reports known to SELLER, are maintained at SELLER’s offices at SELLER’s business address, and that the same have been made available by SELLER to BUYER at his/her request. BUYER acknowledges that he/she has been given the opportunity to inquire into and study the known conditions of the PROPERTY as summarized above, and as set forth in detail at SELLER’s office. On these bases and as otherwise set forth in the REAL ESTATE PURCHASE AGREEMMENT, BUYER hereby waives, releases, and agrees to indemnify SELLER against all claims of any nature, including but not limited to costs and attorneys’ fees, arising out of or related to any of the foregoing conditions on the PROPERTY as summarized above and in the detailed descriptions of the above referenced conditions maintained at the SELLER’s office. Except as specifically modified by this Addendum, the terms and conditions of the REAL ESTATE PURCHASE AGREEMENT as amended shall remain in full force and effect.

BUYER:____________________________________________________ SELLER:

____________________________________________________ By:___________________________________________________________

Date:_______________________________________________________ Title:_________________________________________________________

Date:_________________________________________________________

Property Conditions Addendum (2011) no. 949927

STREET TREE PLANTING PLAN

SPANISH HIGHLANDS ESTATES PHASE D

FREQUENTLY ASKED QUESTIONS

Any lots on hold? - None Review Easements – There is an Irrigation Easement that runs through lots 419, 425, 426. The landscaping will be restricted to not allow trees, play structures, sheds, etc within this area. There are no other unusual easements on the plat. Some corner lots are only allowed to front one direction as indicated on the plat. Future Road – None CC&R Review— There are no CC&Rs recorded with this phase. HOA document – There is no HOA. Fencing Requirements – None. Monuments- No new monuments will be installed with this phase. Street Lighting – Spanish Fork City standard street lights will be installed as shown on final plat. Amenities – There are no new community amenities in this phase. Soil Reports – Soils have been reviewed and communicated. No groundwater. See soils report for more details. Permit Ready – All improvements must to be installed. Estimated permit ready December 2014. Building Setback Requirements –

• FRONT SETBACK – 25’ to front entry garage, 20’ to living space. • REAR SETBACK - 20' • SIDE SETBACK – 7.5' • CORNER LOT SIDE SETBACK - 25’ to front entry garage, 20’ to living space.

Unique architectural requirements –

• More than 50% brick or stone on front of home, sides to be all masonry (stucco). • Setbacks offsetting by 5’ • 6/12 roof pitch minimum. • No duplicate floor plans within 200’ of each other.

Grading & drainage issues – The site is basically flat. See plan set for grading and drainage plan. Landscaping Requirements –

• Front yard landscaping (sod and sprinkers) included with purchase. • Street trees are required. The planting plan is included as part of the release packet.

The trees will be planted by Ivory Development biannually according to the street tree planting plan for homes that have sprinkler systems installed. Trees are not warranted.

Secondary Water – Yes, Spanish Fork City has a secondary water system.

401 53,000                        402 70,000                        403 60,000                        404 56,000                        405 56,000                        406 67,000                        407 67,000                        408 55,000                        409 59,000                        410 65,000                        411 58,000                        412 57,000                        413 60,000                        414 59,000                        415 56,000                        416 56,000                        417 56,000                        418 56,000                        419 53,000                        420 56,000                        421 56,000                        422 56,000                        423 69,000                        424 56,000                        425 68,000                        426 70,000                        427 70,000                        428 69,000                        429 57,000                        430 57,000                        431 57,000                        432 57,000                        433 57,000                        434 57,000                        435 58,000