ARCHIVED REPORTS LEC APPLICATION FOR CERTIFICATION

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ATTACHMENT ONE (CONTINUED) 2006 AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY(06-17-06) EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of (b)not Known to the Company, not recorded in the Public this policy, and the Company will not pay loss or damage,costs, Records at Date of Policy,but Known to the Insured Claimant attorneys'fees,or expenses that arise by reason of: and not disclosed in writing to the Company by the Insured 1. (a)Any law, ordinance, permit, or governmental regulation Claimant prior to the date the Insured Claimant became an (including those relating to building and zoning) restricting, Insured under this policy; regulating,prohibiting,or relating to (c)resulting in no loss or damage to the Insured Claimant; (i) the occupancy,use,or enjoyment of the Land; (d)attaching or created subsequent to Date of Policy(however, (ii)the character, dimensions, or location of any this does not modify or limit the coverage provided under improvement erected on the Land; Covered Risk 9 and 10);or (iii) the subdivision of land;or (e)resulting in loss or damage that would not have been (iv) environmental protection; sustained if the Insured Claimant had paid value for the Title. or the effect of any violation of these laws, ordinances, or 4. Any claim,by reason of the operation of federal bankruptcy, governmental regulations.This Exclusion 1(a)does not modify state insolvency, or similar creditors' rights laws, that the or limit the coverage provided under Covered Risk 5. transaction vesting the Title as shown in Schedule A,is (b)Any governmental police power. This Exclusion 1(b)does (a) a fraudulent conveyance or fraudulent transfer;or not modify or limit the coverage provided under Covered (b)a preferential transfer for any reason not stated in Covered Risk 6. Risk 9 of this policy. 2. Rights of eminent domain. This Exclusion does not modify or 5. Any lien on the Title for real estate taxes or assessments limit the coverage provided under Covered Risk 7 or 8. imposed by governmental authority and created or attaching 3. Defects,liens,encumbrances,adverse claims,or other matters between Date of Policy and the date of recording of the deed or (a)created, suffered, assumed, or agreed to by the Insured other instrument of transfer in the Public Records that vests Claimant; Title as shown in Schedule A. The above policy form may be issued to afford either Standard Coverage or Extended Coverage. In addition to the above Exclusions from Coverage,the Exceptions from Coverage in a Standard Coverage policy will also include the following Exceptions from Coverage: EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage(and the Company will not pay costs,attorneys'fees or expenses)that arise by reason of: 1. (a)Taxes or assessments that are not shown as existing liens by 3. Easements,liens or encumbrances,or claims thereof,not shown the records of any taxing authority that levies taxes or by the Public Records. assessments on real property or by the Public Records; (b) 4. Any encroachment, encumbrance, violation, variation, or proceedings by a public agency that may result in taxes or adverse circumstance affecting the Title that would be disclosed assessments, or notices of such proceedings, whether or not by an accurate and complete land survey of the Land and not shown by the records of such agency or by the Public Records. shown by the Public Records. 2. Any facts,rights,interests,or claims that are not shown by the 5. (a)Unpatented mining claims;(b)reservations or exceptions in Public Records but that could be ascertained by an inspection patents or in Acts authorizing the issuance thereof; (c)water of the Land or that may be asserted by persons in possession of rights, claims or title to water, whether or not the matters the Land. excepted under(a),(b),or(c)are shown by the Public Records. Attachment One(11/17/06)