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LIST OF PREPRI1i iTED POLICY EXCLUSIONS AND EXCEPTIONS CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY -- 1990 EXCLUSIONS FROM COVERAGE E The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage,cosa reason of: ts, ttorn ey's Pecs or expenses which arise by I. (a)Any law,ordinance of governmental regulation(including but not limited w building or zoning laws,ordinances, or regulations)restricting, regulating,prohibiting or relating to O the occupancy,use or enjoyment of the land;(ip the character,dimensions or location or any improvement now or hereafter erected on the land;(iii)a scpara'tion in ownership or a change in the dimensions or arta of the land or any parcel of which the lana is or was a part;or(iv)environmental protection,or the k effect of any violation of these laws,ordinances or governmental regulations, except to the extent that a notice of the enforcement thercof or a notice of a dcfect,lien or encumbrance resulting from a violation or alleged violation affecting the land has been retarded in the public records at Date of Policy. i y g P P y(a)above,except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance (b}An governmental police ower no[excluded 6 resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public.reeords ai Datc.of Policy,but not excluding from coverage any raking which has occurred prior to Date of Policy which would be binding on the rights of a,purchaser For value without knowledge. 3. Defects;liens,encumbrances, adverse claims or other matters: (a)whether or not recorded in the public records at Date of Policy,but created, suffered,assumed or agreed to by the insured claimant; (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 in writing to the Company,by the insured claimant prior to the date of the insured claimant became an insured under this policy; (c) resulting in no loss or damage to the insured claimant: (d)attaching 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 rhe insured mortgage or for the estate or interest insured by chis policy. 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 of any subsequent_ owner of the indebtedness. to comply with the applicabte doing business laws of[he state in which the land is situated. ' 5. Invalidity or unenforceability Of the lien of the insured mortgage, or claim thereof, which arise out of the transaction evidenced by the insured mortgage land is based upon usury or any consumer credit protection or truth in fending law. b. Any claim, which arises out of the transaction vesting in the insured the estate or interest insured by this policy of the transaction creating the interest of the insured lender,by reason of the opgation of federal bankruptcy,state insolvency or similar creditors'rights laws, EXCEPTIONS FROM COVERAGE (SCHEDULE B - PART I) This policy does nor,insure against loss or damage(and the Company will pay costs, attorneys Feu or expenses}which arc by reason of: '=1. Taxes or assessments which are not shown as existing lietts by the records of any taxing authority that levies tastes or assessments oa real.property or by the public _ records. Proceedings by a public agency which may result in taxes or assessments,or notices of such proceedings,whether or not shown by public records, the records of such agency or by the 2. Any facts, righu, intcresu or claims which are not shown by the public records but which could be ascertained by an inspection of the land or which may be asserted by persons in possession thereof. t 3. Easement&, liens or encumbrances.or claims thereof,which are not shown by'thc public records_ . 4. Discrepancies.conflicts in boundary lines,shortage in area,.encroachments,or any other facts which a correct survey would disclose,and which arc not shown by rhe 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)arc shown by the public records AMERICAN LAND TITLE ASSOCIATION OWNER'S POLICY (10-17-92) . AND,AIVIERICAN LAND TITLE ASSOCIATION LEASEHOLD OWNER'S POLICY (10-17-92) EXCLUSIONS FROM COVERAGE - L,J (a)Any-law,ordinance or governmental regulation(Inciuding but not limited to building or zoning laws,ordinances,or regulations)restricting,regulating,prohibiting or relating to(i)the occupancy,use, or enjoyment of the land:(ii)the character, dimensions or location of any improvement naw or hereafter erected on the land:(iii) a separation in ownership or a change in the dimensions or area of land or 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 governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect.lien or enaimbrance resulting-from a violation or alleged violation affecting the land has been recorded in the public records at Date or Policy. (b),Any governmental police power not excluded by(a)above,except to the extent that a notice of the exercise thereof or a notice of a dcfect,lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at.Date of Policy. 2, Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy',but Ito[excluding from coverage any tasting-, which has occurred prior to pate of Policy which would be binding on the rights of a purchaser for value without knowledge, 3. Defects, liens,encumbrances, adverse claims or other matters: ` (a)whether or not recorded in the public records at Date of Policy,but created,suffered, assumed or agreed to by the imsured claimant: (b) nes 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 Company by the insured claimant prior to the date or the insured claimant became an insured under this policy. (c)resulting in no loss or damage to the insured claimant; - (d) attaching or created subsequent to Date of Policy;or (e) resulting in loss or damage which would not have been sustained if the insured cWffm tt had paid value for the mate or interest insured by this policy. 4.. Any claim which arises out of the transaction vesting in the fissured the estate or interest insured by this policy,by reason of the operation of federal bankruptcy,state insolvency, or similar creditors'rights laws,that is based on: "-(a)the transaction creating the estate or interest insured by this policy being deemed'a Fraudulent conveyance or fraudulent transfer; or (b)the transaction creat[ng the estate or interest insured by the policy being deemed a preferential transfer except where the preferential transfer results from the failure:. (i)to timely record the instrument of transfer;or (i7 of such recordation to impart notice to a purchaser for value or a judgement or lien creditor.