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4-52 SCBUT 9 T r-20 m Pioneer Title Insurance & Trust Company PRELIMINARY REPORT Issued for Sole Use o f First National Bank of Nevada Las Vegas Branch Las Vegas, Nevada Attention of C. D. Brown, Trust Officer O ur N o . LV 35569 Y o u r N o . In connection w ith your ap p lication fo r a P o lic y of T itle Insurance in our usual fo r m on the title to the land h e re in a fte r d escrib ed , this r e p o rt is issu ed as an accom m odation , and is m ade without lia b ility and without o b lig ation to issu e such P o lic y . Statem ent of ch a rges w ill be ren d ere d when P o lic y is issu ed, o r s ix ty days fro m en try o f ap p lication , i f P o lic y is not issu ed p r io r to that tim e. DESCRIPTION: Situate in the City of Las Vegas, Las Vegas Valley Water District, County of Clark, State of Nevada, described as follows: PA R C E L 1: That portion of the South Half (S|) of the Southwest Quarter (SW^) of Section 29, Township 20 South, Range 61 East, M .D .B . & M. , described as follows Commencing at a point on the north line of said South Half (s|) of the Southwest Quarter (SW?) of said Section 29, distant west thereon 2300 feet from the northeast corner of said South Half (S j) of the Southwest Quarter (SW|) of said Section 29; thence south parallel to the west line of said Section 29 a distance of 400 feet to the true point of beginning; thence south 400 feet parallel to the west line of said Section 29; thence easterly in a direct line to a point on the north-south center line of said Section 29 distant south thereon 700 feet from the northeast corner of said South Half (S|) of the Southwest Quarter (SW?) of said Section 29; thence south along said north-south center line to the south line of said Section 29; thence west along said south line to the southwest corner of said Section 29; thence north along the west line of said Section 29 to a point distant thereon south 400 feet from the northwest corner of said South Half (S j) of the Southwest Quarter (SW^) of said Section 29; thence east in a direct line to the point of beginning. Dated as of June 19. 19 cut . 8:00 A . M . VESTEE: LAS VEGAS LAND AND WATER COMPANY a Nevada Corporation