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P-218-BB (G.S.) (Rev. 1-63) <br />SCHEDULE B (Continued) <br />PART TWO: <br />1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes <br />or assessments on real property or by the public records. <br />2. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by <br />an inspection of said land or by making inquiry of persons in possession thereof. <br />3. Easements, claims of easement or encumbrances which are not shown by the public records. <br />4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct <br />survey would disclose, and which are not shown by the public records. <br />5. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water <br />rights, claims or title to water. <br />PART THREE: Matters numbered 1 to 4 referred to on the first page of this Policy: <br />1. Any defect in or lien or encumbrance on the title to the estate or interest covered hereby in the land described or <br />referred to in Schedule A, existing at the date hereof, not shown or referred to in Schedule B or excluded from <br />coverage in Schedule B or in the Conditions and Stipulations; or <br />2. Unmarketability of such title; or <br />3. Any defect in the execution of any mortgage shown in Schedule B securing an indebtedness, the owner of which is <br />named as an Insured in Schedule A, but only insofar as such defect affects the lien or charge of said mortgage upon <br />the estate or interest referred to in this policy; or <br />4. Priority over said mortgage, at the date hereof, of any lien or encumbrance not shown or referred to in Schedule <br />B, or excluded from coverage in Schedule B or in the Conditions and Stipulations, said mortgage being shown in <br />Schedule B in the order of its priority; <br />all subject, however, to the provisions of Schedules A and B and to the Conditions and Stipulations hereto annexed. <br />In witness whereof, Security Title Insurance Company has executed this policy by its authorized officers, as of the date <br />set forth in Schedule A, the effective date of this policy. <br />DO:rg <br />' 1 <br />'eft' a <br />Secretary 9rr <br />J <br />An Aut orized Signature <br />LAIVRENCE C. MANN <br />President <br />65 <br />