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ATTACHMENT ONE
<br /> (CONTINUED)
<br /> ALTA EXPANDED COVERAGE RESIDENTIAL LOAN POLICY(10113101)
<br /> EXCLUSIONS FROM COVERAGE
<br /> The following matters are expressly excluded from the coverage of Risks 8, 16, 18, 19,20,21,22,23,24,25 and 26);or
<br /> this policy and the Company will not pay loss or damage,costs, (e)resulting in loss or damage which would not have been
<br /> attorneys'fees or expenses which arise by reason of: sustained if the Insured Claimant had paid value for the Insured
<br /> 1. (a)Any law,ordinance or governmental regulation(including Mortgage.
<br /> but not limited to zoning laws, ordinances, or regulations) 4. Unenforceability of the lien of the Insured Mortgage because of
<br /> restricting, regulating, prohibiting or relating to (i)the the inability or failure of the Insured at Date of Policy,or the
<br /> occupancy, use, or enjoyment of the Land; (ii)the character, inability or failure of any subsequent owner of the indebtedness,
<br /> dimensions or location of any improvements now or hereafter to comply with applicable doing business laws of the state in
<br /> erected on the Land;(iii)a separation in ownership or a change which the Land is situated.
<br /> in the dimensions or areas of the Land or any parcel of which 5. Invalidity or unenforceability of the lien of the Insured
<br /> the Land is or was a part;or(iv)environmental protection,or Mortgage,or claim thereof,which arises out of the transaction
<br /> the effect of any violation of these laws, ordinances or evidenced by the Insured Mortgage and is based upon usury,
<br /> governmental regulations,except to the extent that a notice of except as provided in Covered Risk 27,or any consumer credit
<br /> the enforcement thereof or a notice of a defect, lien or protection or truth in lending law.
<br /> encumbrance resulting from a violation or alleged violation 6. Real property taxes or assessments of any governmental
<br /> affecting the Land has been recorded in the Public Records at authority which become a lien on the Land subsequent to Date
<br /> Date of Policy. This exclusion does not limit the coverage of Policy. This exclusion does not limit the coverage provided
<br /> provided under Covered Risks 12,13,14,and 16 of this policy. under Covered Risks 7,8(e)and 26.
<br /> (b)Any governmental police power not excluded by(a)above, 7. Any claim of invalidity,unenforceability or lack of priority of
<br /> except to the extent that a notice of the exercise thereof or a the lien of the Insured Mortgage as to advances or
<br /> notice of a defect, lien or encumbrance resulting from a modifications made after the Insured has Knowledge that the
<br /> violation or alleged violation affecting the Land has been vestee shown in Schedule A is no longer the owner of the estate
<br /> recorded in the Public Records at Date of Policy. This or interest covered by this policy.This exclusion does not limit
<br /> exclusion does not limit the coverage provided under Covered the coverage provided in Covered Risk 8.
<br /> Risks 12, 13, 14,and 16 of this policy. 8. Lack of priority of the lien of the Insured Mortgage as to each
<br /> 2. Rights of eminent domain unless notice of the exercise thereof and every advance made after Date of Policy, and all interest
<br /> has been recorded in the Public Records at Date of Policy,but charged thereon,over liens,encumbrances and other matters
<br /> not excluding from coverage any taking which has occurred affecting the title, the existence of which are Known to the
<br /> prior to Date of Policy which would be binding on the rights of Insured at:
<br /> a purchaser for value without Knowledge. (a) The time of the advance;or
<br /> 3. Defects,liens,encumbrances,adverse claims or other matters: (b)The time a modification is made to the terms of the Insured
<br /> (a)created, suffered, assumed or agreed to by the Insured Mortgage which changes the rate of interest charged,if the rate
<br /> Claimant; of interest is greater as a result of the modification than it would
<br /> (b)not Known to the Company, not recorded in the Public have been before the modification. This exclusion does not
<br /> Records at Date of Policy,but Known to the Insured Claimant limit the coverage provided in Covered Risk 8.
<br /> and not disclosed in writing to the Company by the Insured 9. The failure of the residential structure,or any portion thereof to
<br /> Claimant prior to the date the Insured Claimant became an have been constructed before, on or after Date of Policy in
<br /> Insured under this policy; accordance with applicable building codes.This exclusion does
<br /> (c)resulting in no loss damage to the Insured Claimant; not apply to violations of building codes if notice of the
<br /> (d)attaching or created subsequent to Date of Policy (this violation appears in the Public Records at Date of Policy.
<br /> paragraph does not limit the coverage provided under Covered
<br /> Attachment One(11/17/06)
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