Consider the following statements associated with Mediterranean climate (1) It is so named because it occurs extensively in the periphery of Mediterranean sea. (2) These lands are exposed to hot, dry, land winds during the summer months. (3) The seasonal range of temperatures is considerably less than that in other areas of corresponding latitudes. Which of these statements are correct?

Mediterranean climate is named for its occurrence around the Mediterranean Sea (statement 1 correct). These regions experience hot, dry summers due to persistent subtropical high-pressure systems - not land winds (statement 2 incorrect). The seasonal temperature range is indeed moderated by the surrounding water bodies, making it less extreme than continental areas at similar latitudes (statement 3 correct).