117 San Jacinto/lots 1-9, block 199, property known as the Triangle

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,,"orm T -2 Loan Policy of Title Insurance 582 (Rev. 5/1/08) If you want information about coverage or need assistance to resolve complaints, please call our toll free number 1-800-729-1902. If you make a claim under yqur policy, you must furnish written notice in accordance with Section 3 of the Conditions and Stipulations. Visit our website at: http://www.stewart.com LOAN POLICY OF TITLE INSURANCE (T-2) ISSUED BY STEWART TITLE GUARANTY COMPANY Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy must be given to the Company at the address shown in Section 17 of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE. THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS. STEWART TITLE GUARANTY COMPANY. a Texas corporation. (the "Company"). insures. as of Date of Policy and. to the extent stated in Covered Risks II. 13 and 14, after Date of Policy. against loss or damage. not exceeding the Amount of Insurance stated in Schedule A. sustained or incurred by the Insured by reason of; I. Title being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from; (a) A defect in the Title caused by; (i) forgery. fraud. undue influence. duress. incompetency. incapacity or impersonation: (ii) failure of any person or Entity to have authorized a transfer or conveyance: (iii) a document affecting Title not properly created. executed. witnessed. sealed. acknowledged. notarized or delivered; (iv) failure to perfrom those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified. expired or otherwise invalid power or attorney; (vi) a document not properly filed. recorded orindexed in the Public Records including failure to perform those acts by electronic means authorized by law; or (vii) a defective judicial or administrative proceeding. (b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable. but unpaid. (c) Any encroachment. encumbrance. violation. variation. or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land. and encroachments onto the Land of existing improvements located on adjoining land. 3. Lack of good and indefeasible Title. 4. No right of access to and from the Land. 5. The violation or enforcement of any law. ordinance. permit. or governmental regulation (including those relating to building and zoning) restricting. regulating. prohibiting or relating to; (a) the occupancy. use or enjoyment of the Land; (b) the character. dimensions or location of any improvement erected on the Land; (c) subdivision of land; or (d) environmental protection if a notice. describing any part of the Land. is recorded in the Public Records setting forth the violation or intention to enforce. but only to the extent of the violation or enforcement referred to in that notice. 6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action. describing any part of the Land. is recorded in the Public Records. but only to the extent of the enforcement referred to in that notice. 7. The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land. is recorded in the Public Records. 8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 9. The invalidity or unenforceability of the lien of the Insured Mortgage upon the Title. This Covered Risk includes but is not limited to insurance against loss from any of the following impairing the lien of the Insured Mortgage; (a) forgery. fraud. undue influence. duress. incompetency. incapacity or impersonation; (b) failure of any person or Entity to have authorized a transfer or conveyance; (c) a document affecting Title not properly created. executed. witnessed. sealed. acknowledged, notarized or delivered; (d) failure to perfrom those acts necessary to create a document by electronic means authorized by law; (e) a document executed under a falsified, expired or otherwise invalid power or attorney; (I) a document not properly filed. recorded or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or (g) a defective judicial or administrative proceeding. 10. The lack of priority of the lien of the Insured Mortgage over any other lien or encumbrance. II. The lack of priority of the lien of the Insured Mortgage (a) as security for each and every advance of proceeds of the loan secured by the Insured Mortgage over any statutory or constitutional mechanic's. contractor's, or materialman's lien for services, labor or material having its inception on or before Date of Policy; and (b) over the lien of any assessments for street improvements under construction or completed at Date of Policy. Serial No. Page -1- M-5952-10735