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<br />; . <br /> <br />i_. <br /> <br />e <br /> <br />e <br /> <br />GF: 277603KWA <br />AG/RB2 <br /> <br />SCHEDULE B <br /> <br />Schedule B of the policy or policies to be issued wiJI also contain the foJlowing <br />exclusions and exceptions: <br /> <br />The policy wiJI be subject to the conditions and stipulations thereof, the terms and <br />conditions of the instrument creating the estate insured, if any, shown in Schedule A, and <br />to the foJlowing matters which wiJI be additional exceptions from the coverage of the <br />policy: <br /> <br />1. The foJlowing restrictive covenants of record itemized below, but in any mortgagee <br />policy of title insurance or mortgagee title policy binder on interim construction <br />loan, the Company wiJI guarantee that any such restrictive covenants have not been <br />violated so as to affect, and that a future violation. thereof wiJI not affect the <br />validity or priority of the insured mortgage: None of Record. <br /> <br />2. Any discrepancies, conflicts, or shortages in area or boundary lines, or' any <br />encroachments, or any overlapping of improvements. <br /> <br />3. Taxes for the year 1985 and subsequent years, and subsequent assessments for prior <br />years due to change in land usage or ownership. <br /> <br />4. Usury or claims of usury. (Mortgagee Policy or Mortgagee Title Policy Binder on <br />Interim Construction Loan only.) <br /> <br />.5. Any right of rescission contained in any consumer credit protection or truth-in- <br />lending laws. (Mortgagee Policy or Mortgagee Title Policy Binder on Interim <br />Construction Loan only.) <br /> <br />6. No materials have been furnished or any labor performed in connection with the <br />construction contemplated hereunder prior to the execution, acknowledgment, and <br />delivery of the lien instrument described under Schedule A hereof, if the land <br />described under Schedule A forms any part of the homestead of the owner. (May be <br />deleted if satisfactory' evidence is furnished before binder is issued.) (Mortgagee <br />Title Policy Binder on Interim Construction Loan only.) <br /> <br />7. The foJlowing lien(s) and all terms, provisions, and conditions of the instrument(s) <br />creating or evid~ncing said lien(s): <br /> <br />None of Record. <br /> <br />Page 3 of 8 <br /> <br />. ..'. <br />.....1 <br />