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Order Number: 1004-5251074
<br /> Page Number: 15
<br /> or the effect of any violation of these laws,ordinances,or governmental regulations. This Exclusion 1(a)does not modify or limit the
<br /> coverage provided under Covered Risk 5,6,13(c),13(d),14 or 16.
<br /> (b)Any governmental police power.This Exclusion 1(b)does not modify or limit the coverage provided under Covered Risk 5,6, 13(c),
<br /> 13(d),14 or 16.
<br /> 2. Rights of eminent domain.This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.
<br /> 3. Defects,liens,encumbrances,adverse claims,or other matters
<br /> (a)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
<br /> in writing to 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(however,this does not modify or limit the coverage provided under Covered Risk 11,
<br /> 16, 17,18,19,20,21,22,23,24,27 or 28);or
<br /> (e)resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Insured Mortgage.
<br /> 4. Unenforceability of the lien of the Insured Mortgage because of the inability or failure of an Insured to comply with applicable doing-
<br /> business laws of the state where the Land is situated.
<br /> S. Invalidity or unenforceability in whole or in part of the lien of the Insured Mortgage that arises out of the transaction evidenced by the
<br /> Insured Mortgage and is based upon usury or any consumer credit protection or truth-in-lending law.This Exclusion does not modify or limit
<br /> the coverage provided in Covered Risk 26.
<br /> 6. Any claim of invalidity,unenforceability or lack of priority of the lien of the Insured Mortgage as to Advances or modifications made after the
<br /> Insured has Knowledge that the vestee shown in Schedule A is no longer the owner of the estate or interest covered by this policy.This
<br /> Exclusion does not modify or limit the coverage provided in Covered Risk 11.
<br /> 7, Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching subsequent to Date
<br /> of Policy.This Exclusion does not modify or limit the coverage provided in Covered Risk 11(b)or 25.
<br /> B. The failure of the residential structure,or any portion of it,to have been constructed before,on or after Date of Policy in accordance with
<br /> applicable building codes. This Exclusion does not modify or limit the coverage provided in Covered Risk 5 or 6.
<br /> 9. Any claim,by reason of the operation of federal bankruptcy,state insolvency,or similar creditors'rights laws,that the transaction creating
<br /> the lien of the Insured Mortgage,is
<br /> (a)a fraudulent conveyance or fraudulent transfer,or
<br /> (b)a preferential transfer for any reason not stated in Covered Risk 27(b)of this policy.
<br /> 10. Contamination,explosion,fire,flooding,vibration,fracturing,earthquake,or subsidence.
<br /> 11. Negligence by a person or an Entity exercising a right to extract or develop minerals,water,or any other substances.
<br /> FirstAmerican Titie
<br /> Page 15 of 16
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