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Dec-31=113 11:ZTam from-ORT PRE/POL 1-916=7Z5-4418 T-681 P.433/D34 F-5115 FzhibitP, CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY - 1990 EXCLUSIONS FROM COVERAGE The following matters are expressly exduded from the covcrage of this policy and the Company will not pay lass or damage, costs, attorneys' fees or expenses which arise by rcaon of: 1. {a) Any lar, ordinance or governmental regulation Including but not limited to building or zoning laws, ordinances, or regulations) restricting, regulating,prohibiting or relating()the occupancy, use, or enjoyment of the land; I)the character, dimensions, or location of any improvement now or hereafter erected on the land;Ii)d srpara[(on in ownership or a change in the dimensions or arca of the land or any parcel of which the land is at was a part; or(iv) environmental protection, or the effect of arty violation of these laws, ordinances or governmental regulations, except to the extent that a notice of the Enforcement thereof or a notice of a defect,lien, or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy, { (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 defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public rreords at Date of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at pate of Policy, but not excluding from covcrage any taking which has occurred prior to Date of policy which would be binding on the rights of a purchaser for value without knowledge. 3. Defem,liens,encumbrances,adverse claims or other matters: (a)whether or not recorded in the public records at Date of Policy,but crcattd,suffered, assumed or agreed to by rhe insured claimant; (b)nor known to.the Company, not recorded in the public records at Date of Policy,but known.to the insured claimant and not disclosed in writing to the Companp by the insured claimant prior to the date the insured claimant became an insured under this policy, 1. ([)resulting In no loss or damage to the insured claimant, (d)3 ttaching or created subsequent to Date of policy;or (e)resulting in loss or damage which would not have been sustained if the insured claimant had paid'value for The insured mortgage or for the estate or intorestinsured by this policy. 4. unenforceability of the Gen of the insured mortgage because of the inability or failure of the insured at Date of Pri(icy,or the inability or failure of arty. subsequent owner of the indebtedness,to comply with the applicable doing lousiness laws of the state in which the land Is situated: 5, Invalidity or unenforceability of the.lien of the insured mortgage, or claim thereof, which arises out of the transaction evidenced by the insured mortgage and is based upon usury or any consum8r credit protection or truth in lending law. I 6 Any claim which arises out of the transaction vcsung In the insured the estate or interest insured by this policy or the transaction creating the interest of the insured lender, by reason of the operation of federal bankruptcy,.tate insolvency or similar creditors'rights laws. IEXCEPTION$FROM COVERAGE -SCHEDULE B,.PART I � r This policy does not insure against lets or,damage(and She Company will not pay costs,attomeys'fees or expenses)which arise by reason of 1. Taxes or assessments which are not xhown as existing rens by the records of any taxing authority that levies taxes or assessments ort_real property or by the public records Proceedings by a public agency which may result in taxes or,asscssments,or notices of such proceedings,whether or not shown by the records of such agency or by thepublic records_ {2. .'grey faets,.rights,interests,or claims which are notshown by the public records brit which could be ascertained by an inspection of the land which may be asserted by persons in possession thereof. 3. Easements,liens or encumbrances,or claims thereof,which arc not shown by the public records. . i4. Discrepancies, conflicts in boundary lines,shortage in arca, cneroachmcnts, 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 Acle authortr_ing 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.