Exhibit
25.1
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
Form T-1
STATEMENT OF
ELIGIBILITY
UNDER THE TRUST INDENTURE ACT
OF 1939 OF
A CORPORATION DESIGNATED TO ACT
AS TRUSTEE
CHECK IF
AN APPLICATION TO DETERMINE ELIGIBILITY OF
A TRUSTEE PURSUANT TO
SECTION 305(b)(2)
JPMORGAN CHASE BANK,
NATIONAL ASSOCIATION
(Exact name of trustee as
specified in its charter)
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(State of incorporation
if not a national bank)
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13-4994650
(I.R.S. employer
identification No.)
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1111 Polaris Parkway
Columbus, Ohio
(Address of principal
executive offices)
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43271
(Zip Code)
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Robert M. Macallister
Vice President and Assistant General Counsel
JPMorgan Chase Bank, National Association
1 Chase Manhattan Plaza, 25th Floor
New York, NY 10081
Tel:
(212) 552-2192
(Name, address and telephone
number of agent for service)
LENNAR CORPORATION
(Exact name of obligor as
specified in its charter)
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Delaware
(State or other
jurisdiction of
incorporation or organization)
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95-4337490
(I.R.S. employer
Identification No.)
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700 Northwest
107th Avenue
Miami, Florida
(Address of principal
executive offices)
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33172
(Zip Code)
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Debt Securities
GENERAL
Item 1. General
Information.
Furnish the following information as to the trustee:
(a) Name and address of each examining or supervising
authority to which it is subject.
Comptroller of the Currency, Washington, D.C.
Board of Governors of the Federal Reserve System,
Washington, D.C., 20551 Federal Deposit Insurance
Corporation, Washington, D.C., 20429.
(b) Whether it is authorized to exercise corporate trust
powers.
Yes.
Item 2. Affiliations
with the Obligor and Guarantors.
If the obligor or any guarantor is an affiliate of the trustee,
describe each such affiliation.
None.
Item 16. List
of Exhibits
List below all exhibits filed as a part of this Statement of
Eligibility.
1. A copy of the Articles of Association of JPMorgan Chase
Bank, N.A. (see Exhibit 1 to
Form T-1
filed in connection with Registration Statement
No. 333-106575
which is incorporated by reference).
2. A copy of the Certificate of Authority of the
Comptroller of the Currency for the trustee to commence
business. (see Exhibit 2 to
Form T-1
filed in connection with Registration Statement
No. 333-106575
which is incorporated by reference).
3. None, the authority of the trustee to exercise corporate
trust powers being contained in the documents described in
Exhibits 1 and 2.
4. A copy of the existing By-Laws of the Trustee. (see
Exhibit 4 to
Form T-1
filed in connection with Registration Statement
No. 333-106575
which is incorporated by reference).
5. Not applicable.
6. The consent of the Trustee required by
Section 321(b) of the Act. (see Exhibit 6 to
Form T-1
filed in connection with Registration Statement
No. 333-106575
which is incorporated by reference).
7. A copy of the latest report of condition of the Trustee,
published pursuant to law or the requirements of its supervising
or examining authority. (see Exhibit 7 to
Form T-1
filed in connection with Registration Statement
No. 333-106575
which is incorporated by reference).
8. Not applicable.
9. Not applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939
the Trustee, JPMorgan Chase Bank, N.A., has duly caused
this statement of eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in the City of
New York and State of New York, on the 15th day
of August, 2006.
JPMORGAN CHASE BANK, N.A.
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By:
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/s/ Francine
Springer
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Francine Springer