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<br />FORMT.1 ONNERS POLICY OFTm.E INSURANCE
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<br />tlf,Ycu want infGrmation ab~ut coverage or need.'stan~t() resol~ ~mPlaint~, please call our toll fre.mber: 1-800-729-1902. If you make a claim under
<br />., your policy, you must fumish written notice in a ance with Section 3 of the Conditions and Stipulati ,
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<br />Visit our World-Wide Web site at: http://www.st.com
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<br />OWNER'S POLICY OF TITLE INSURANCE ISSUED BY
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<br />SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND
<br />THE CONDITIONS AND STIPULATIONS, STEWART TITLE, GUARANTY COMPANY, a Texas corporation, herein called the Company,
<br />insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the Amount of Insurance stated in Schedule A,
<br />sustained or incurred by the insured by reason of:
<br />1. nle to the estate or interest described in Schedule A being vested other than as stated therein;
<br />2. Any defect in or lien or encumbrance on the title; , ,
<br />3. Any statutory or constitUtional mechanic's, contractor's, or materialman's lien for labor or material having its inception on or before
<br />Date of Policy;
<br />4. Lack of a right of access to and from the land.
<br />5. Lack of good and indefeasible title. ,
<br />The Company also will pay the costs, attomeys' fees and expenses incurred in defense of the title, as insured, but only to the extent
<br />provided in the Conditions and Stipulations.
<br />IN WITNESS WHEREOF, Stewart Title Guaranty Company has caused this policy to be signed and sealed by its duly authorized
<br />officers as of he date of Policy shown in Schedule A.
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<br />EXCLUSIONS FROM COVERAGE
<br />The following matters are expressly excluded from the coverage 01 this policy and the Company will not pay loss or damage, cosls, attorneys' tees or expenses which
<br />arise by reason of: .
<br />1. (a) My law, ordinance or govemmental regulation (including but not limited to building and zoning laws, ordinances, or regulations) restricting, regulating
<br />prohibiting or relating to (0 the occupam.y, use, or enjoyment 01 the land; (ii) the character, dimensions or location 01 any improvement natI or hereafter erecbld
<br />on the land; (iii) a separation in ownership or a change in the dimensions or area 01 the land or any parcel 01 which the land is or was a part; or (iv)
<br />environmental protection, or the effect of any violation of these laws, ordinances or govemmental regulations, except to the extent that a notice of the enforcement ,
<br />thereol or a notice 01 a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date '
<br />01 Policy. ,
<br />(b) Any governmental police power not excluded by (aJ above, exceptio the exlentthcit a notice of the exerdse thereof or a notice of a defed, lien or
<br />encumbrance resulting from a violation or alleged violotion affecting the land has been recorded in the public records at Date of Policy.
<br />2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from coverage any
<br />taking that has occurred prior 10 Date of Policy which would be binding on the rights of a purchaser for value without knowledge.
<br />3. Defects, liens, encumbrances, adverse claims or other mailers:
<br />(a) creoted, suffered, assumed or agreed to by the insored claimant;
<br />(b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing to the
<br />Company by the insured claimant prior to the date the insured claimant become an insured under this policy;
<br />(c) resulting in no loss or damage to the insured claimant;
<br />(d) attaching or created subsequent to Dote of Policy;
<br />(e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the estate or interest insured by this policy.
<br />4. The refusal of any person 10 purchase, lease or lend money on the estate or interest covered hereby in the land desaibed in Schedule A because of
<br />unmarketability of the tide.
<br />S. Any claim, which arises out of the transaction vesting in the person named in paragraph 3 of Schedule A the estate or interest insured by this policy, by reason of
<br />'he operation of federal bankruplcy, state insolvency, or other state of federal uedilors' rights laws, that is based on either (i) the transaction aeating the estate or ~i
<br />interest Insured by this Policy being deemed a fraudulent conveyance or fraudulent transfer or a voidable distribution or voidable dividend, (ii) the subordinotion
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<br />or remaraderizotion of the estate or interest insured by this Policy as a result of the applicotion of the doctrine of equitable subcoordination, or (iii) the transaction
<br />creating the estate or interest insured by this Policy being deemed a preferential transfer except where the preferential transfer results fram the failure of the ~'
<br />~ Company or its issuing agent 10 timely file for record the instrument of transfer 10 the insured after delivery or the failure of such recordation 10 imparl notice 10 a
<br />urchaser for volue or a judgment or lien creditor. '
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<br />5811 (Rev.4+02)
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<br />0-5841- 220610
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