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ATTACHMENT ONE
<br /> (CONTINUED)
<br /> AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY(10-17-92)
<br /> EXCLUSIONS FROM COVERAGE
<br /> The following matters are expressly excluded from the coverage of 3. Defects,liens,encumbrances,adverse claims,or other matters:
<br /> this policy and the Company will not pay loss or damage,costs, (a)created, suffered, assumed or agreed to by the insured
<br /> attorneys'fees or expenses which arise by reason of: claimant;
<br /> 1. (a)Any law,ordinance or governmental regulation(including (b)not known to the Company, not recorded in the public
<br /> but not limited to building and zoning laws, ordinances, or records at Date of Policy,but known to the insured claimant
<br /> regulations) restricting, regulating, prohibiting or relating to and not disclosed in writing to the Company by the insured
<br /> (i)the occupancy, use, or enjoyment of the land; (ii)the claimant prior to the date the insured claimant became an
<br /> character,dimensions or location of any improvement now or insured under this policy;
<br /> hereafter erected on the land;(iii)a separation in ownership or (c)resulting in no loss or damage to the insured claimant;
<br /> a change in the dimensions or area of the land or any parcel of (d)attaching or created subsequent to Date of Policy,or
<br /> which the land is or was a part; or (iv)environmental (e)resulting in loss or damage which would not have been
<br /> protection, or the effect of any violation of these laws, sustained if the insured claimant had paid value for the estate or
<br /> ordinances or governmental regulations, except to the extent interest insured by this policy.
<br /> that a notice of the enforcement thereof or a notice of a defect, 4. Any claim, which arises out of the transaction vesting in the
<br /> lien or encumbrance resulting from a violation or alleged insured the estate or interest insured by this policy,by reason of
<br /> violation affecting the land has been recorded in the public the operation of federal bankruptcy,state insolvency,or similar
<br /> records at Date of Policy. creditors'rights laws,that is based on:
<br /> (b)Any governmental police power not excluded by(a)above, (i) the transaction creating the estate or interest insured by this
<br /> except to the extent that a notice of the exercise thereof or a policy being deemed a fraudulent conveyance or fraudulent
<br /> notice of a defect, lien or encumbrance resulting from a transfer;or
<br /> violation or alleged violation affecting the land has been (ii)the transaction creating the estate or interest insured by this
<br /> recorded in the public records at Date of Policy. policy being deemed a preferential transfer except where the
<br /> 2. Rights of eminent domain unless notice of the exercise thereof preferential transfer results from the failure:
<br /> has been recorded in the public records at Date of Policy,but (a)to timely record the instrument of transfer;or
<br /> not excluding from coverage any taking which has occurred (b)of such recordation to impart notice to a purchaser for
<br /> prior to Date of Policy which would be binding on the rights of value or a judgement or lien creditor.
<br /> a purchaser for value without knowledge.
<br /> The above policy form may be issued to afford either Standard Coverage or Extended Coverage.
<br /> In addition to the above Exclusions from Coverage,the Exceptions from Coverage in a Standard Coverage policy will also include the
<br /> following Exceptions from Coverage:
<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 3. Easements,liens or encumbrances,or claims thereof,not shown
<br /> the records of any taxing authority that levies taxes or by the public records.
<br /> assessments on real property or by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area,
<br /> Proceedings by a public agency which may result in taxes or encroachments,or any other facts which a correct survey would
<br /> assessments, or notices of such proceedings, whether or not disclose,and which are not shown by the public records.
<br /> shown by the records of such agency or by the public records. 5. (a)Unpatented mining claims;(b)reservations or exceptions in
<br /> 2. Any facts,rights,interests or claims which are not shown by the patents or in Acts authorizing the issuance thereof; (c)water
<br /> public records but which could be ascertained by an inspection rights, claims or title to water, whether or not the matters
<br /> of the land or which may be asserted by persons in possession excepted under(a),(b)or(c)are shown by the public records.
<br /> thereof.
<br /> Attachment One(11/17/06)
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