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<br />EXCLUSIONS FROM COVERAGE
<br />
<br />'1befoUowiDamatten ueexpresslyexc1udedfrom the c:owraaedthispcticy mcI butlmown toiheiDsmedc1aimllltauilDCltclisclolledm wriIiDa todleCamplDybythB
<br />the CcmpIny will DClt pay losl or clama&e. COItI. attomeyI' feel or upeIlIU wbicb inlllftlll c:1aimant prior to dae date the insmecI c1aimIIIt became.. ~ UDCIerthis
<br />arise by JelIIClD of: patic:y;. ' '
<br />I, (a) Any law. ontinaDc:e or govemmental replII:ioD (inc:1uctiD& bat DOllimiled to (c) ruuIt:in& in no loa or damage to the insured c:lainlIDt;
<br />buildiD&md7JlllliqJaWl.cm:IiDaDces.O'negulaliau)JeIIri.c:dIIg,regu1aIina,prdIibiIiDJ (d) auacbiDg or created IUbIequeDl to Dale of Policy; -
<br />or re1aIiD& to (i) the occupancy. ~ae. or. enjoymeat of dae land; (ii) the character. (e) IIlIUking in 1011 or damage tbal waald DOt have heeD ..ed if the iDIured
<br />dimllllliml orlocati.onof anyimpnweD:lentllOwor~emc:ted m the~d;(ili) c:1aimant bad paid vUue for the estate or iDIereIt mlllftlll by'this plJic:y. ,
<br />a sepuaIion m ownership or a c:bmge m me dimeDiioni or area of die buid or any' 4. The Id'ullllof anypenontopUn:iiue..easeorlendmoDeyOlliheesweoriDlerat
<br />parce1ofwbic:hthelaudis orwala part; or(iv)envirCDmeDlalpruecliClll.ortheeffect coveJedhelebyin the laud desc:ribe!lm ~.A'~Of~dthB
<br />ofanyvioJalimoftheselawl.onIiDancesorgovcmDllllll1lllreguJatioDl.excepttothe tide. , .,,' " ,
<br />flllIeDl that a nod.ce of the eafOftlelllent thereof or a nod.ce of a defect, lieD or 5. Any c:1aim. wbic:h uiIu aut of the traDlICIiClIl vutiD& m the penon IIIIIlell in
<br />encumbranc:e ruuIt:in& from a vio1a1icm or a1Je&ed via1atiCm affectin8 the JancI bas puapph 3 of Sc:hedule A the estate orinlaut iDsured by this poJic:y. by IUIClD of
<br />been zecxmfed m the p1blic: IalOrds at Dale of Policy, the opeI8IioD of federal bankmptey. 'state iasolVtlllC)'. or odaer state of federal
<br />(b) Any gCJYelDlDlllltal po1ic:e power not exduded by (a) above. except to dae atalt aediton' riahts laws that is based OIl eidIer (i) Ihe traIIIaCtiaD CIIl8Iina thB estate or
<br />that a DOIic:e of thB e.xen:iIe dameaf or a nod.ce d a defect, Jien or enC:umlmmc:e intmeat IDsared by Ibis Polli:y beiDa deemed a fraudulent CClIlveyaaCe or fraudulent
<br />IUUltiag from a vioJatiaa or alleged vio1ati.aa affectiD& Ihe lmld bas heeD reconIed,in II8DIfer or a vaidab1e diItIibaticiIl or voidable divideDd. ("Ji) the subcmtiDatim or
<br />Ihe public recordl at Dale of Policy. ' nc:baracIerizaI of Ihe estate ~ inIaut mmred by Ibis Policy 81 a IeIUll d the
<br />2. Righu of emiDcn1 domain UDlesI nCllic:e d thB exercise thereofhas been reconIed appJicati.aa of the doCtrine of equiIable subordinatiaa or (ili) the traIII8CIioD CIUtiD&
<br />,in the pob1ic recordl at Date d Policy. but DOl exc:1uctiD& fram coverage any taking theestateorint.ereltiDluredbythis Po1icy~ deemedaperlll'llllli81118111ferexc:ept
<br />that has occarred prior to Dale of Polli:y wbic:h would be bincting OIl the rights of a where the ~ U1IIIIfer lesulu fram the failure of the Company or its issuing
<br />pun:huer forVllue willaout kDowledge, ' agent totimdy me for record the inlUUlDent d 1I8IIIferto the inswed after delivery
<br />3. Dcfectl. lienl. encumbrances. advene claiml Or ocher maDen: or the failure of such 1alOrds1i0ll to impart nocic:e to, a pun:baser for value or a
<br />,"'""'....,(a)crea~..!1!f!~UI~9!.l!I~~~~~1! __,=__~l~r~~~or, .. ~~'._- -- ,- " '" - '
<br />(b)notknowntotheCompany.noueCOJdedmdaepub1ic 'aiD8ieofPolic:y. -'. . -, - -- ......" -.........,.~ =-=- '~-=-F~-=-
<br />
<br />CONDmONS AND STIPULATIONS
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<br />I. DRFINITION OF TERMS. IIlClDe)' mortp&e given to Ihe inImed.
<br />The foUowiDJ tenDl when used in this policy mean: 3. NOllCB OF CLAIM TO BB GIVBN BY INSURHD ClAlMAN 1.
<br />'(a) "iDIwed": tile insured named m Scbedule A. and . subject to any ri&bII or TheiDsuredshallnotifytheCompanypromptlyinwriliD&(i)inc:aseofimy1iliption
<br />defmllllthBCompanywouJdbavebadapiastlhenamedinsured,thosewhosucc:eed 81 set forth in SectiClIl4(a) below. (ii) in cue knowledge shall came to an insured
<br />to the iDleIat of the named inlwed by operaIiaD of law 81 diltiDpished flUID hereunder d any claim of tide or inIereIt that is edvene to thB $Ie to da'e estate or
<br />pun:Iwe inc1udinJ. but DOl1imiled to. heirs. cliItributees. cIeviIeelI. survivon. intemt,umlured.andthatmiahtCIIIIIClOllordamageforWhic:btheCcmplnyniay
<br />penonal ftIPl'Il_tatives. next of kin. or COIpOIllte, putnenhip. or fiduci.uy be1iable by virtue d this policy. Ifpromptnocic:e shallDCltbe given to the Company.
<br />IUCCCI8OI'I and specifically. wiIhout limiIation. the following: daeau to thB insured all Jiabilily of the Company shall taminate with regud to the
<br />(i) dac, IUCIlIIIOI'I m intelelt to a COIJlClI8liClIl n:sulIin& from merger or consolidation mallerormatterl for which pnniItnotice is required; provided.however; that failure
<br />or the clistribuliOll of the usell of dae COIpOI1Ilicm upOIl partial or complete to notify the Company shall m DO c:8se prejudic:e the'rights of any inlUred under this
<br />JiquidaIiOll; policy unlell the Compaliy shall be,prejudic:ed by the'fai1ure and tlullnll1ly to'the
<br />(ii) the putnenhip IlUCCelSOII in inIereIt to a gean or limited putnenhip wbic:h flllIeDl d the prejudic:e. " ' ,
<br />diIolvel bin does not tenninate; When. after the date of the policy. the inmred notifies the Companies u required
<br />(iii) dae IDCCClIOI'I in inte1e8t to a &eiieii1. ~ iimited ~~ ~ from)!Je ' , ~'~ a lien, enc:um.J?nnc:e. advene claim or ~ c!efec:t in tiIle to the estate or
<br />distribution of the alsell d the geitelil or 1imited pannenbip upon panial,or ~ in the JancI insured by thispoJicy Ib8t is DOt exc1wledor exc:epted from the
<br />ccmplele liquidalian;' ' . ' -, "COVaage of this pl!liCy; the Cailpany shaD pnmptly investigate the charp to
<br />(iv) Ihe IDCCellIOI'I in intaest to ajoint vlllllDM IIlI1J1tin& from the cIistribuIi.cm of thB detenniDe whether the lien; eneumbnnc:e. advene claim or defect is valid and,DOl
<br />useu of dae joint venlUle upOIl panial or ccmp1ete Jiquidation;, ' " barred 'by law or 1ltatDte. TIie CcmpIny shall notify the insured in wriling. within a
<br />(v) dae SUCClllICll' or subltilUte 1rUltee(1) ~ a tJDItee named m a'wri1ten tnIIi ftlascaablelime. ofits'cfetenniI!aticm'u to the validity orinvaJidity'ofthe insured'l
<br />instnunent; or c:1aiIilorc:JuqeunderthB poJic:y. IftheCompanyconc:ludes thatthBlien. mc:umbrance.
<br />(vi) the SUCClllIOl'l in inIeIeIt to a tnutee or IIDst n:sulIin& from the distribu1im or . advene claim or defect is DOl coveied by this poJic:y. or wu otherWise acldreaedin
<br />all or put of dae usetl of the IIDIt tQ Ihe beneficiaries thereof. dae claIin& of dae tnIIII8CIion in connec:tim willa which this plJicy wu ismed, thB
<br />(b) "inlllftlll claimant": an msured c:IaimiDa 1011 or damage, Company shall spec:ific:aDy acIviIe dae inlllftlll ofdae IeUOIlI forits detennination. ,If
<br />(c) "knowledge" Or "known": aCIU81 knowledge. not conilllDClive knowledge or the Company c:oncludes thatdae Jien. encumbnnce, advene c:1aiIil or defect is valid.
<br />_~_ ~Ilotice that ~~ impuJed lQ'ari.~,)Jy.~icf.the~bJic-,-n~cxmlul-Clefineck:' _the:.Company""shall~take,ClIlC:of.th~;foiiowinl'aWunB;..,,(i-/,iI...i&u....~~UO=;;;'7~
<br />" m this policy or any odaer recordl whi~ im~;9DDIIIDClive notice of mallen, .pnx:eediD&1 to c1earthe lieni encumbr8nc:e. advene claim or defect from thB tiIleto
<br />affecting the land. the estate 81 insured; (ii) indemni:fy dae msuNd al provided m this poJic:y; ("Iii) upon
<br />(d) "land": the land described or lefelred to in Schedule A.and impruvemenll payment of appopriatepremimn and cliaqes tben:for. inue to the msured claimant
<br />affixed then:to which by Jaw CllIlIliIUte n:al~. The tenD "land" does DOt or to a subsequent owner. mOllpgee or holder of the estate or int.erelt in the land
<br />mclwleanypopertybeymdlheUnesofthecueadescribedornienedtoinSdaedu1e inlllftlll by this policy. a policy of tide,msullllc:e withoutexc:eption for the Jien.
<br />A. nor any right, tiIle. intemt, elltate or euementin abua:in& lIbeetI. roadl. avenues. encumbrance. adyene claim or defect, said plJic:y to be m an, e,mOllDt equal to the
<br />a1ley1.lanes. ways or wate!Ways, but IlOthiDI hemin shall modify or limi1 the CXlent CDmIll value of dae pIOpIlIty or. if alllOlt&lIIee poJic:y. the UIlClUIit of the 1osn;' (iv)
<br />to wbic:h a right of ac:c:esl to and from dae land is iDIured by thil policy. indemnify anocher tide insuranc:e COIIlpliny in CClIIDIlCI:inn with its islWlDc:e of a
<br />(e) "modgaae": mortp&e. deed d wit, IIDst deed. or ocher lemrity ml1lDlDllDL po1icy(ieI) d tiIle inl11l81ll:C wilhoDt excepIion for abe Jien; encumlmmc:e, advene
<br />(f)"pDb1icreconls": reconIsestabJishedunderstatestatutelatDaleof~W,r, ,claim or defect; (v) secure a n:1eue or other dOCUllllllll dilc:balJing the lieD.
<br />the pmpose d imputina COIIIuuClive notice of maDen n:1aIin& to n:al propenyto' 'enc:mnbnmc:e.advene claim ordefect; or (vi) undeIIake a_binalim of (i)throup
<br />~uenfCl!fVllueamdwhhoutlmowle:dp,Wlllllespec:ttoSeClionI(a)(iy)'a(~: _ (v)hen;m.' " ,; '.. '" ",;
<br />Bxclusionl From CoveIage. "public zecOnIs" also shall include ~ 4. DHFBNSB AND PROSRCUTION OF ACTIONS: DUTY OF INSURED
<br />ploteClicmJienlfijedmtherecqnllo(thBcleJkddae UaitedStatelClil1rictc:oDl~""or. .. ;CI..AIMANTTOCOO~~Tlt.-~' ' ~':: -.. ,,'... - .
<br />the district in which the JancI is located. ,,'.. " (a) UpClD wIleD n:queIt by the-msured and,subjectto daeopliaillJ CClIltained in'
<br />(a) "acc:eu": legal right of accesl to dae JanclIlDd na& the ph)'licl!l ~ ~_. ,~C!Il6,9f theseCmdiliml aud StipuIaliClI'I. Ihe Compimy. at its own colt 8Dd
<br />acc:esl. The COVCI8Ie provided 81 to'accesl does not UIDIe the adequacy of _I ,'. wiIhout DIlIUIOII8b1e deJay.1Ihal1 provide forabe defense d an insmecI in liIiptiClll
<br />for thnse intended. '" ,'m wbicb anythinl party aIIelln c:lIim adverse to the tide orintelell u insured, bat
<br />2. CONTINUATION OF lNSURANCB AFTHR CONVBYANCB OF'llTLB;' - 'oalyutotholestatedCllDlCldacliODaDe&illladofec:t.lienorllllCDlDbranClCorother
<br />The coveI8Ie d Ibis policy sha1l CClIItinDe m fon:e u,of Dale of Policy m favor cI , ,mailer insured apiast by ~,policy. The CcmpIny Iha11 have the right to se1ec:t
<br />aninsDred oaly 10 Imgu the inlllftlll n:tainI an estate orintBn:llin the laud. orholds COIIIlIelclits chOic:e(subjecttothe right of the insured toobjectforlllUCllUblec:alJlC)
<br />an indebtednesl sec:ured by a purcbue money moII&aae given by a pun:huer from to IIlpIUIlIlt the insured 81 to those stated CIIDICI of acIiOD and shall DOt be liable fOr
<br />dae insured, oronly 10 long 81 the insmecI shall have liability by JelIIClD d covenanll and will DOt pay dae fees d any ocher counsel, The Ccmpany will not pay any fees.
<br />ofwamntymaclebytheiDluredinany1l8DlfeAmveyanc:eoftheelltateorintcreIL COItIorapenllll m.by theiDluredin daedefease of those CIIDICIof acIiOD that
<br />1biI poJic:y shall DOt fCIIllinue in.fon:e in f~y pmdaaser fram the msured of ' allege maDen not ' ,against by this policy,
<br />eiIher(i)anestateormteleltin thBland. or (ii) an indebto'....1 securedbya~ i (b)'lbeCompany shallbave the right,atits ~~~~and ~~ '
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