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LIST OF PRINTED EXCEPTIONS AND EXCLUSIONS
<br /> CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY • 1990
<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'fees or
<br /> expenses which arise by reason of:
<br /> 1. (a) Any law,ordinance or governmental regulation(including but not limited to building and zoning laws,ordinances,or regulations)restricting,
<br /> regulating,prohibiting or relating to(i)the occupancy,use,or enjoyment of the land;(ii)the character,dimensions or location of any improvement
<br /> now or hereafter erected on the land;(iii)a separation in ownership or a change in the dimensions or area of the land or any parcel of which the
<br /> land is or was a part;or(iv)environmental protection,orthe effectof anyviolation of these laws,ordinances or governmental regulations,except
<br /> to the extent that a notice of the enforcement thereof or a notice of a defect,lien or encumbrance resulting from a violation or alleged violation
<br /> affecting the land has been recorded in the public records at Date of Policy.
<br /> (b) Any governmental police power not excluded by(a)above,exceptto the extent that a notice of the exercise thereof or a notice of a defect,lien or
<br /> encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy.
<br /> 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy,but not excluding from
<br /> coverage any taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaserfor value without knowledge.
<br /> 3. Defects,liens,encumbrances,adverse claims or other matters:
<br /> (a) whether or not recorded in the public records at Date of Policy,but 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 disclosed in writing to
<br /> the Company by the insured claimant prior to the date the insured claimant became an insured under this policy;
<br /> (c) resulting in no loss or damage to the insured claimant;
<br /> (d) attaching or created subsequent to Date of Policy;or
<br /> (e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the insured mortgage or the estate or
<br /> interest insured by this policy.
<br /> 4. Unenforceability of the lien of the insured mortgage because of the inability or failure of the insured at Date of Policy,or the inability or failure of
<br /> any subsequent owner of the indebtedness,to comply with applicable doing business laws of the state in which the land is situated.
<br /> 5. Invalidity or unenforceability of the lien of the insured mortgage,or claim thereof,which arises out of the transaction evidenced by the insured
<br /> mortgage and is based upon usury or any consumer credit protection or truth-in-lending law.
<br /> 6. Any claim,which arises out of the transaction vesting in the insured the estate or interest insured by this policy or the transaction creating the interest
<br /> of the insured lender, by reason of the operation of federal bankruptcy, state insolvency or similar creditors' rights laws.
<br /> EXCEPTIONS FROM COVERAGE
<br /> This policy does not insure against loss or damage(and the Company will not pay costs,attorneys'fees or expenses)which arise by reason of:
<br /> 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or
<br /> by the public records.
<br /> Proceedings by a public agency which may result in taxes or assessments,or notices of such proceedings,whether or not shown by the records of such
<br /> agency or by the public records.
<br /> 2. Any facts,rights,interests or claims which are not shown by the public records but which could be ascertained by an inspection of the land or which may
<br /> be asserted by persons in possession thereof.
<br /> 3. Easements,liens or encumbrances,or claims thereof,which are not shown by the public records.
<br /> 4. Discrepancies,conflicts in boundary lines,shortage in area,encroachments,or any other facts which a correct survey would disclose,and which are
<br /> not shown by the public records.
<br /> 5. (a)Unpatented mining claims;(b)reservations or exceptions in patents or in Acts authorizing the issuance thereof;(c)water rights,claims or title to
<br /> water,whether or not the matters excepted under(a),(b)or(c)are shown by the public records.
<br /> Reorder Form No. 12599 (Rev. 10/91)
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