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ATTACHMENT ONE
<br /> (CONTINUED)
<br /> ALTA EXPANDED COVERAGE RESIDENTIAL LOAN POLICY (07-26-10)
<br /> EXCLUSIONS FROM COVERAGE
<br /> The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage,costs,attorneys'
<br /> fees or expenses which arise by reason of:
<br /> 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating,
<br /> prohibiting,or relating to
<br /> (1) the occupancy,use,or enjoyment of the Land;
<br /> (ii) the character,dimensions,or location of any improvement erected on the Land;
<br /> (iii) the subdivision of land;or
<br /> (iv) environmental protection;
<br /> or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a)does not modify or limit
<br /> the coverage provided under Covered Risk 5,6, 13(c), 13(d), 14 or 16.
<br /> (b) Any governmental police power. This Exclusion 1(b)does not modify or limit the coverage provided under Covered Risk 5,6, 13(c),
<br /> 13(d), 14 or 16.
<br /> 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.
<br /> 3. Defects,liens,encumbrances,adverse claims,or other matters
<br /> (a) created,suffered,assumed,or agreed to by the Insured Claimant;
<br /> (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not
<br /> disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this
<br /> policy;
<br /> (c) resulting in no loss or damage to the Insured Claimant;
<br /> (d) attaching or created subsequent to Date of Policy(however,this does not modify or limit the coverage provided under Covered Risk
<br /> 11, 16, 17, 18, 19,20,21,22,23,24,27 or 28);or
<br /> (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Insured Mortgage.
<br /> 4. Unenforceability of the lien of the Insured Mortgage because of the inability or failure of an Insured to comply with applicable
<br /> doing-business laws of the state where the Land is situated.
<br /> 5. Invalidity or unenforceability in whole or in part of the lien of the Insured Mortgage that arises out of the transaction evidenced by the
<br /> Insured Mortgage and is based upon usury,or any consumer credit protection or truth-in-lending law. This Exclusion does not modify or
<br /> limit the coverage provided in Covered Risk 26.
<br /> 6. Any claim of invalidity, unenforceability or lack of priority of the lien of the Insured Mortgage as to Advances or modifications made after
<br /> the Insured has Knowledge that the vestee shown in Schedule A is no longer the owner of the estate or interest covered by this policy.
<br /> This Exclusion does not modify or limit the coverage provided in Covered Risk 11.
<br /> 7. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching subsequent to
<br /> Date of Policy. This Exclusion does not modify or limit the coverage provided in Covered Risk 11(b)or 25.
<br /> 8. The failure of the residential structure,or any portion of it,to have been constructed before,on or after Date of Policy in accordance with
<br /> applicable building codes. This Exclusion does not modify or limit the coverage provided in Covered Risk 5 or 6.
<br /> 9. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction
<br /> creating the lien of the Insured mortgage, is
<br /> (a) a fraudulent conveyance or fraudulent transfer,or
<br /> (b) a preferential transfer for any reason not stated in Covered Risk 27(b)of this policy.
<br /> Attachment One(06/03111)
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