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f 4. Discrepancies, conflicts in boundarylines,es, shaztage m area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by the public records. 5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title to water, whether or not the matters excepted under(a), (b) or (c) are shown by the public records. F1 2. CLTA HOMEOWNER'S POLICY OF TITLE INSURANCE (10-22-03) ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE EXCLUSIONS In addition to the Exceptions in Schedule $, you are not insured against loss, casts, attorney's fees, and expenses resulting from: k 1. Governmental police power, and the existence or violation of any law or government regulation. This includes ordin- ances, laws and regulations concerning: (a) building; (b) zoning; (c) land use; (d) improvements on Land; (e) Land division; (f) environmental protection This exclusion does not apply to violations or the enforcement of these matters if notice of the violation or enforcement appears in the Public Records at the Policy Date. This exclusion does not limit the coverage described in Covered Risk 14, 15, 16, 17 or 24. 2. The failure of your existing structures, or any part of them,, to be constructed in accordance with applicable building codes. This exclusion does not apply to violations of building codes if notice of the violation appears in the Public Records at the Policy Date. 3. The right to take the Land by condemning it, unless: (a) notice of exercising the right appears in the Public Records at the Policy Date; or(b) the taking happened before the Policy Date and is binding on you if you bought die land without knowing of the taking. 4. Risks: (a) that are created, allowed, or agreed to by you, whether or not they appear in the Public Records; (b) that are known to you at the Policy Date, but not to us, unless they appear in the Public Records at die Policy Date; (c) that result in no loss to you; or (d) that first occur after die Policy Date- this does not limit die coverage described in Covered Risk 7, 8d, 22, 23, 24 or 25. 5. Failure to pay value for your Title. 6. Lack of a right: (a) to any Land outside the area specifically described and referred to in Paragraph 3 of Schedule A; and 9 (b) in streets, alleys, or waterways that touch die Land. This Exclusion does not limit the coverage described in Covered Risk 11 or 18. g LIMITATIONS ON COVERED RISKS I Your insurance for the following Covered Risks is limited on the Owner's Coverage Statement as follows: * For Covered Risk 14, 15, 16 and 18, Your Deductible Amount and Our Maximum Dollar Limit of Liability shown in Schedule A. i The deductible amounts and maximum dollar limits shown on Schedule A are as follows: f Your Deductible Amount Our Maximum Dollar w Limit of Liability FjCovered Risk 14: 1% of Policy Amount or$2,500.00 $ 10,000.00 G _. (whichever is less) Covered Risk 15: 1% of Policy Amount or$5,000.00 $ 25,000.00 (whichever is less) LLL Covered Risk 16: 1% of Policy Amount or $5,000.00 $ 25,000.00 (whichever is less) Covered Risk 18: 1% of Policy Amount or$2,500.00 $ 5,000.00 (whichever is less) PRBLIM.Bd IRay. 11-17-04� PAGE 2 OF 5 a [.I .