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'`r EXHIBIT (Continued) ./ <br /> AMERICAN [AND TITLE ASSOCIATION <br /> RESIDENTIAL TITLE INSURANCE POLICY(1987)WITH REGIONAL EXCEPTIONS <br /> EXCLUSIONS <br /> ,dditicn to the exceptions in Schedule B,you are not insured against loss, costs,attorneys'fees and expenses resulting from: <br /> ` 1. Govermental police power, and the existence or violation of any law or governmental regulation. This includes building and zoning <br /> ordinances and also laws and regulations concerning: <br /> land use <br /> I on the land <br /> ` land division <br /> environmental protection <br /> This exclusion does not apply to violations or the enforcement of these matters which appear in the public records at Policy Date. <br /> This exclusion does not limit the zoning coverage described in Items 12 and 13 of Covered Title Risks. <br /> _>. The right to take the land by condemning it, unless: <br /> a notice of exercising the right appears in the public records on the Policy Date. <br /> the taking happened prior to the Policy Date and is binding on you if you bought the land without knowing of the taking. <br /> 3. Title Risks: <br /> V that are created,allowed, or agreed to by you <br /> that are known to you, but not to us, on the Policy Date-unless they appear in the public records. <br /> that result in no loss to you <br /> that first affect your title after the Policy Date - this does not limit the labor and material lien coverage in Item 8 of Covered <br /> L Title Risks. <br /> 3. Failure to pay value for your title. <br /> L Lack of a right: <br /> to any land outside the area specifically described and referred to in Item 3 of Schedule A <br /> or <br /> in streets, alleys, or waterways that touch your land. <br /> LThis exclusion does not limit the access coverage in Item 5 of Covered Tide Risks. <br /> REGIONAL EXCEPTIONS <br /> .idition to the Exclusions,you are not insured against loss,costs,attorneys'fees, and expenses resulting from: <br /> L1. Any facts, rights, interests or claims which are not shown by the Public Records but which could be ascertained by making inquiry <br /> of parties in possession of the land. <br /> Any liens or easements not shown by the Public Records. However, this does not limit the affirmative coverage in Item 8 of Covered <br /> Title Risks. <br /> L3. Any facts about the land not shown by the Public Records which a correct survey would disclose. However, this does not limit the <br /> affirmative coverage in Item 12 of Covered Title Risks. <br /> La. (a) Any water rights or claims or tide to water in or under the land; (b) unpatented mining claims; (c) reservations or exceptions <br /> in patents or in acts authorizing the issuance thereof. <br /> 4 <br /> V <br /> rr <br /> 3T 3157-L <br />