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<br />"
<br />
<br />FT(SI2912002)
<br />If you ,want infonnation about coverage or need
<br />your policy, you must furnish written notice in a
<br />
<br />Form T-1 Owner Polley of Title Insurance S81 (Rev,4/4/02)
<br />nce to resolve complaints, please call our toll free nu -1-800-729-1902, If you make a claim under
<br />nce with Section 3 of the Conditions and Stipulations tour website at: http://www.stewart.com
<br />
<br />File No.: 04114074
<br />
<br />OWNER POLICY OF TITLE INSURANCE
<br />ISSUED BY
<br />
<br />STEWART TITLE
<br />GUARANTY COMPANY
<br />
<br />SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED
<br />IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, STEWART TITLE GUARANTY COMPANY, a
<br />Texas corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage,
<br />not exceeding the Amount of Insurance stated in Schedule A, sustained or incurred by the insured by reason of:
<br />1. Title 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
<br />inception on or before Date of Policy;
<br />4, Lack of a right of access to and from the land.
<br />S. Lack of good and indefeasible title.
<br />The Company also will pay the costs, attorneys' fees and expenses incurred in defense of the title, as insured, but only
<br />to the extent pro . ded in the Conditions and Stipulations.
<br />IN WIT WHEREOF, Stewart Title Guaranty Company has caused this policy to be signed and sealed by its
<br />duly author' 0 lcers as of the Date of Policy shown in Schedule A.
<br />
<br />
<br />EXCLUSIONS FROM COVERAGE
<br />The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs,
<br />attorneys' fees or expenses which arise by reason of:
<br />1. (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulations)
<br />restricting, regulating, prohibiting or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or:location
<br />of any improvement now or hereafter erected on the land; (iii) a separation in ownership or a change in the dimensions or area of the land or
<br />any parcel of which the land is or was a pan; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or
<br />governmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien or encumbrance resulting
<br />from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy,
<br />(b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a
<br />defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date
<br />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
<br />excluding from coverage any taking that has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value
<br />without knowledge,
<br />3, Defects, liens, encumbrances, adverse claims or other matters:
<br />(a) created, suffered, assumed or agreed to by the insured 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
<br />writing to the Company by the insured claimant prior to the date the insured claimant became an insured under this policy;
<br />(c) resulting in no loss or damage to the insured claimant; .
<br />(d) attaching or created subsequent to Date 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
<br />by this policy.
<br />4, The refusal of any person to purchase, lease or lend money on the estate or interest covered hereby in the land described in Schedule A
<br />because of unmarketability of the title,
<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
<br />this policy, by reason of the operation of federal bankruptcy, state insolvency, or other state or federal creditors' rights laws, that is based
<br />on either (i) the transaction creating the estate or interest Insured by this Policy being deemed a fraudulent conveyance or fraudulent
<br />transfer or a voidable distribution or voidable dividend. (ii) the subordination or recharacterization of the estate or interest insured by
<br />this Policy as a result of the application of the doctrine of equitable subordination, or (iii) the transaction creating the estate or interest
<br />insured by this Policy being deemed a preferential transfer except where the preferential transfer results from the failure of the Company
<br />or its issuing agent to timely file for record the instrument of transfer to the insured after delivery or the failure of such recordation to
<br />impan notice to a purchaser for value or a judgment on lien creditor,
<br />
<br />Serial No, 0-589346229
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