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Order Number: 1004-5251074
<br /> Page Number: 12
<br /> CLTA/ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE(12-02-13)
<br /> EXCLUSIONS
<br /> In addition to the Exceptions in Schedule B,You are not insured against loss,costs,attorneys'fees,and expenses resulting from:
<br /> 1. Governmental police power,and the existence or violation of those portions of any law or government regulation concerning:
<br /> a. building;
<br /> b. zoning;
<br /> c. land use;
<br /> d. improvements on the Land;
<br /> e. land division; and
<br /> f. environmental protection.
<br /> This Exclusion does not limit the coverage described in Covered Risk 8.a., 14, 15, 16,18,19,20,23 or 27.
<br /> 2. The failure of Your existing structures,or any part of them,to be constructed in accordance with applicable building codes.This Exclusion
<br /> does not limit the coverage described in Covered Risk 14 or 15.
<br /> 3. The right to take the Land by condemning it.This Exclusion does not limit the coverage described in Covered Risk 17.
<br /> 4. Risks:
<br /> a. that are created,allowed,or agreed to by You,whether or not they are recorded in the Public Records;
<br /> b. that are Known to You at the Policy Date,but not to Us,unless they are recorded in the Public Records at the Policy Date;
<br /> C. that result in no loss to You;or
<br /> d. that first occur after the Policy Date-this does not limit the coverage described in Covered Risk 7,B.e.,25,26,27 or 28.
<br /> 5. Failure to pay value for Your Title.
<br /> 6. Lack of a right:
<br /> a. to any land outside the area specifically described and referred to in paragraph 3 of Schedule A;and
<br /> b. in streets,alleys,or waterways that touch the Land.
<br /> This Exclusion does not limit the coverage described in Covered Risk 11 or 21.
<br /> 7. The transfer of the Title to You is invalid as a preferential transfer or as a fraudulent transfer or conveyance under federal
<br /> bankruptcy,state insolvency,or similar creditors'rights laws.
<br /> 8. Contamination,explosion,fire,flooding,vibration,fracturing,earthquake,or subsidence.
<br /> 9. Negligence by a person or an Entity exercising a right to extract or develop minerals,water,or any other substances.
<br /> LIMITATIONS ON COVERED RISKS
<br /> Your insurance for the following Covered Risks is limited on the Owner's Coverage Statement as follows:
<br /> For Covered Risk 16, 18, 19,and 21 Your Deductible Amount and Our Maximum Dollar Limit of Liability shown in Schedule A.
<br /> The deductible amounts and maximum dollar limits shown on Schedule A are as follows:
<br /> Your Deductible Amount Our Maximum Dollar Limit of Liability
<br /> Covered Risk 16: 1%of Policy Amount Shown in Schedule A or$2,500 $10,000
<br /> (whichever is less)
<br /> Covered Risk 18: 1%of Policy Amount Shown in Schedule A or$5,000 $25,000
<br /> (whichever is less)
<br /> Covered Risk 19: 1%of Policy Amount Shown in Schedule A or$5,000 $25,000
<br /> (whichever is less)
<br /> Covered Risk 21: 1%of Policy Amount Shown in Schedule A or$2,500 $5,000
<br /> (whichever is less)
<br /> 2006 ALTA LOAN POLICY(06.17-06)
<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 that 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 /> (i)the occupancy,use,or enjoyment of the Land;
<br /> First American Title
<br /> Page 12 of 16
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