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Your Ref: Chain of Title Guar=ntee
<br /> Order No: 3037541 '
<br /> SCHEDULE OF EXCLUSIONS FROM COVERAGE OF THIS GUARANTEE
<br /> 1. Except to the extent that specific assurances are provided in Schedule A of this Guarantee, the Company assumes
<br /> no liability for loss or damage by reason of the following:
<br /> (a) Defects, liens, encumbrances, adverse claims or other matters against the title, whether or not shown by
<br /> the public records.
<br /> (b) (1) Taxes or assessments of any taxing authority that levies taxes or assessments on real property; or,
<br /> (2) Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings,
<br /> whether or not the matters excluded under (1) or (2) are shown by the records of the taxing authority or by the
<br /> public records.
<br /> (c) (1) Unpatented mining claims; (2) reservations or exceptions in patents or in Acts authorizing the issuance
<br /> hereof; (3) water rights, claims or title to water, whether or not the matters excluded under (1), (2) or (3) are shown by the
<br /> public records.
<br /> 2. Notwithstanding any specific assurances which are provided in Schedule A of this Guarantee, the Company
<br /> assumes no liability for loss or damage by reason of the following:
<br /> (a) Defects, liens, encumbrances, adverse claims or other matters affecting the tide to any property beyond
<br /> the lines of the land expressly described in the description set forth in Schedule (A), (C) or in Fart 2 of this
<br /> Guarantee, or title to streets, roads, avenues, lanes, ways or waterways to which such land abuts, or the right to
<br /> maintain therein vaults, tunnels, ramps or any structure or improvements; or any rights or easements therein,
<br /> unless such property, rights or easements are expressly and specifically set forth in said description.
<br /> (b) Defects, liens, encumbrances, adverse claims or other matters, whether or not shown by the public
<br /> records; (1) which are created, suffered, assumed or agreed to by one or more of the Assureds; (2) which result
<br /> in no loss to the Assured; or (3) which do not result in the invalidity or potential invalidity of any judicial or
<br /> non-judicial proceeding which is within the scope and purpose of the assurances provided.
<br /> (c)The identity of any party shown or referred to in Schedule A.
<br /> (d)The validity, legal effect or priority of any mater shown or referred to in this Guarantee.
<br /> GUARANTEE CONDITIONS AND STIPULATIONS
<br /> 1. Definition of Terms.
<br /> The following terms when used in the Guarantee mean:
<br /> (a) the "Assured": the party or parties named as the Assured in this Guarantee, or on a supplemental writing executed
<br /> by the Company.
<br /> (b) 'land": the land described or referred to in Schedule (A)(C) or in Part 2, and improvements affixed thereto which by
<br /> law constitute real property. The term 'land" does not include any property beyond the lines of the area described or referred
<br /> _to in Schedule (A)(C) or in Part 2, nor any right, title, interest, estate or easement in abutting streets, roads, avenues, alleys,
<br /> lanes,ways or waterways.
<br /> (c) "mortgage": mortgage, deed of trust,trust deed, or other security instrument.
<br /> (d) 'public records": records established under state statutes at Date of Guarantee for the purpose of imparting
<br /> constructive notice of matters relating to real property to purchasers for value and without knowledge.
<br /> (e) "date": the effective date.
<br /> 2. Notice of Claim to be Given by Assured Claimant.
<br /> An Assured shall notify the Company promptly in writing in case knowledge shall come to an Assured hereunder of any
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