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Exhibit A
<br /> CALIFORNIA LAND TITLE ASSOCIATION
<br /> STANDARD COVERAGE!POLICY-1990
<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'fees or
<br /> expenses which arise by reason of:
<br /> 1. (a) Any law, ordinance or governmental regulation (including but not limited to building or zoning laws, ordinances, or regulations)
<br /> restricting, regulating, prohibiting or relating (i)the occupancy, use,or enjoyment of the land; (ii)the character, dimensions or location of
<br /> any improvement now or hereafter erected on the land; (iii)a separation in ownership or a change in the dimensions or area of the land or
<br /> any parcel of which the land is or was a part; or{iv) environmental protection,or the effect of any violation of these laws, ordinances or
<br /> governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien, or encumbrance
<br /> resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy.-
<br /> (b) Any governmental police power not excluded by(a)above,except to the extent that a notice of the exercise thereof or notice of a
<br /> defect,lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of
<br /> Policy.
<br /> 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding
<br /> from coverage any taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without
<br /> knowledge.
<br /> 3. Defects,liens,encumbrances,adverse claims or other matters:
<br /> (a) whether or not recorded in the public records at Date of Policy,but 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
<br /> l disclosed in writing to the Company by the insured claimant prior to the date the insured claimant became an insured under this policy;.
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<br /> (c) resulting in no loss or damage to the insured claimant;
<br /> (d) attaching or created subsequent to Date of Policy;or
<br /> (e) resulting in toss or damage which would not have been sustained if the insured claimant had paid value for the insured mortgage or
<br /> for the estate or interest insured by this policy.
<br /> 4. Unenforceability of the lien of the insured mortgage because of the inability or failure of the insured at Date of Policy,or the inability or failure
<br /> with applicable i business laws of the state in which the land Is situated.
<br /> of any subsequent owner of the indebtedness,to campy th the app cab a do ng u ess
<br /> 5. Invalidity or unenforceability of the lien of the insured mortgage, or claim thereof, which 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.
<br /> 6. Any claim,which arises out of the transaction vesting in the insured the estate of interest insured by this policy or the transaction creating the
<br /> interest of the insured lender,by reason of the operation of federal bankruptcy,state insotvency or similar creditors'rights laws.
<br /> F EXCEPTIONS FROM COVERAGE-SCHEDULE B,PART I
<br /> This policy does not insure against loss or damage(and the Company will not pay costs,at6Dmeys'fees or expenses)which arise by reason of,
<br /> 1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real
<br /> property or by the public records.
<br /> Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not shown by the
<br /> records of such agency 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 an inspection.of the land
<br /> ff which may be asserted by persons in possession thereof,
<br /> 3. Easements,liens or encumbrances,or claims thereof,which are not shown by the public records.
<br /> Y 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and
<br /> which are not shown by the public records.
<br /> 5. (a)Unpatented mining claims; (b)reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c)water rights,claims or
<br /> title to water,whether or not the matters excepted under(a),(b)or(c)are shown by the public records.
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