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<br />FORM T-1 OWNER POLICY OF TITLE INSURANCE . .
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<br />.....df you ~ant information about coverage or need a nce ,to resolve co",plaints, please call our toll free wer: 1-800-729-1902, If you make a claim under
<br />, your pO,liby, you must furnish written notice in acco ance with Section 3",)f the Cooditions and Stipulation
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<br />Visit our World-Wide Web site at: http://www.stewart.com ' ~" .
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<br />OWNER'S POLICY OF TITLE INSURANCE ISSUED BY
<br />STEWAR,T,T'ITLE
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<br />GUARANTY COMPANY
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<br />SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE BAND
<br />THE'CONDITIONS AND STIPULATIONS, STEWART TITL~_GUARANTY COt\:1PANY, a Texas corporation, herein called the Company,
<br />insures, as of Date of Policy shown in Schedule A, against IbsS}or damage, not-eXceeding the Amount of Insurance stated in Schedule A,
<br />sustaine~ or incurred by th~ insured by r~aso~ of: ) ( ) ( ,
<br />1. TItle to' the estate or Interest described In Schedule A !>elng vested other,/;tHan as stated therein;
<br />2. Any defect in or lien or encumbrance on the title; .j' . \ I \
<br />3. Any statutory or constitutional mechanic's, contractor's, or'materialman's lierr,for labor or material having its inception on or before
<br />Date of Policy; :. , . ' '\
<br />4, Lack of a right of ~ccess t~ and,from the land'\ "~'.;".,o~ : ,:,":+;, ,: fl.)
<br />5. Lack of good and !ndefeaslble title. : \' , :::', :~, "... .:'::'. f'. "
<br />The Company also Will pay the costs, attorneys' ~~s" ,,,expens,., cutred In'd~f~nse of the title, as Insured, but only to the extent
<br />provided in the Conditions and Stipulations. '. ;~s:~r'>; .. ' .' "T,,', l~' ,
<br />IN WITNESS WHEREOF, Stewart Title Guaranty, C6ro~ny has capsedthis/POljey to be signed and sealed by its duly authorized
<br />officers as of the dale of Policy shown in Schedule A. 1\," ':,(~,: :: "'1
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<br />City, State EXCF~()M;ipVEAAhE
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<br />The following matters are expressly exduded from the coverage of this q:and ,thll!GJ;fipalfy will not pay loss or damage, tosts, attorneys' fees or expenses whim '
<br />arise by reason of: r":. ' '.:' . p.
<br />1. (aJ Any law, ordinanm or governmental regulation (induding buti!lot .limited tob~,i1ding and zoning laws, ordinanms, or regulations) restricting, regulating,
<br />prohibiting or relating ta (i) the o<<upanty, use, or enjoyment of the lalid;, (ii)"the charade#, dimensions or lotation of any improvement now or hereafter ereded
<br />on the land; (iiil a separotion in ownership or a thange in the di'mensions or area of the land or any panel of which the land is or was, a part; or (iv)
<br />environmental protedion, or the effect of ony violotion of these laws, ordinances or governmental regulations, except to the extent that 0 notice of the enforcement
<br />thereof or 0 notice of 0 defect, lien or encumbrance resulting from 0 violation or alleged violation affecting the land has been retorded in the publitrec:ords at Dote, ,
<br />of Polity.
<br />(b) Any governmental police power not exduded by (0) above, except to the extent that 0 notice of the exercise thereof or 0 notice of 0 defect, lien or
<br />entumbrante resulting from a violation or alleged violation affecting the land has been rec:orded in the publit rerords at Date of Polity.
<br />2. Rights of eminent domain unless notice of the exen:ise thereof has been rerorded in .he publit rerords ot Date of Polity, but not exduding from roveroge any
<br />taking that has o<<urred prior to Date of Polity whim would be binding on the rights of a punhaser for value without knowledge.
<br />3. Defem, liens, enrombrantes, odverse daims or other malters:,
<br />(a) treated, suffered, assumed or agreed to by the insured daimant;
<br />(b) not known ta the Company, not recorded in the publit rerords at Date of Polity, but known to the insured daimant and not disclosed in writing to the
<br />Company by the insured daimant prior to the date the insured daimantbemme an insured under this polity;
<br />(t) resulting in no loss or damage to the insured daimant;
<br />(d) affCiching or treated subsequent ta Date of Polity;
<br />, (e) resulting in loss or damage whim would not have been sustained if the insured daimant had paid value for, the estate or interest insured by this polity.
<br />4, The refusal of any person to purthase, lease or lend money on the estate or interest rovered hereby in the land destribed in Sthedule A' bec:ouse of
<br />unmarketability of the tide.
<br />5. Any daim, whith arises out of the transaction vesting in the person named in paragraph 3 of Sc:hedule A the estate or interest insured by this polity, by reasan of
<br />the operation of federal bankruptcy, state :insolventy, or other state of federal creditors' rights laws, that is based on either (i) the trans(lction treating the estate or
<br />, interest Insured by this Polity being deemed a fraudulent tonveyanm or fraudulent transfer or a voidable distribution or voidable dividend, (ii) the subordination'
<br />or recharaderization of the estate or interest insured by this Polity as a result of the applimtion of the doctrine of equitable subroordinafion, or (iii) the transaction
<br />treating the estate or interest insured by this Polity being deemed a 'preferential transfer exmpt where ,the preferential transfer results from the failure of the'
<br />Company or its issuing agent to timely file forrerord the instrument of transfer to, the insured after delivery or the failure of such rerordation ta impart notim ta a
<br />unhaser for value or a judgment or lien treditor.
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<br />~e1,of
<br />Se~ No,
<br />0-5841-197625
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<br />581 (Rev, 10-1.97)
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