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[Resolutions <br />BE IT RESOLVED, that Robert F <br />alone, be and he is hereby authorized and <br />behalf of this Corporation any and all doci <br />with respect to the development, construct <br />and sale or disposition of real property inc: <br />subdivision agreements, final maps, right-c <br />required by a governmental or quasi-gove~ <br />(b) any and all applications or other filings <br />Real Estate of the State of California; (c) an~ <br />government or quasi-government-sponsor. <br />to, buyer and seller certifications; (d) any a~ <br />with the acquisition and disposition of real <br />but not limited to, sales agreements, grant c <br />instructions, holdback agreements and tern <br />connection therewith; <br />[Resolutions <br />RESOLVED FURTHER, that each a <br />of Escrow Manager or Sales Manager of th <br />on behalf of this Corporation, be and each <br />and deliver documents with respect to the <br />dwellings owned by this Corporation inch <br />notices of completion, sales agreements, es <br />and termite inspection certificates; and <br />RESOLVED FURTHER, that any an <br />Freed, ..., Kim Chairez, Escrow Manager, <br />and Marketing], in connection with the exec <br />documents on behalf of this Corporation in <br />of these resolutions are hereby ratified, core <br />F:\LA W\KKY\KBS B\C ERTO l -KN K(2). doc <br />as of April 1,1998] <br />President of this Corporation, acting <br />(powered to execute and deliver on <br />nents deemed necessary or appropriate <br />~n and/or improvement and the purchase <br />zding, but not limited to: (a) any and all <br />E-way agreements and performance bonds <br />unental agency or municipality as security; <br />equired to be filed with the Department of <br />and all documents necessary to qualify for <br />d loan programs including', but not limited <br />d all documents required in connection <br />property by this Corporation, including <br />eeds, land contracts, assignments, escrow <br />ite inspection certificates required in <br />of January 1,1997] <br />~ every individual serving in the capacity <br />Corporation, acting alone in such capacity <br />them are hereby authorized to execute <br />1es and marketing of residential <br />ing, but not limited to, grant deeds, <br />ow instructions, holdback agreements <br />all actions previously taken by Robert <br />d Jeffrey Fautt, Sales Manager [SVP, Sales <br />~tion and delivery of the foregoing <br />uch authorized capacity prior to the date <br />~med and approved. <br />f 4 <br />I <br />