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<br />MAY-12-2005 THU 09:51 AN CITY OF SAN LEANDRO <br /> <br />FAX NO, 5105773310 <br /> <br />p, 08 <br /> <br />L~~.tR'S NOTE: <br /> <br />IF A 1970 AL'fA LENDER'S POLICY FORM HAS BEEN REQUESTED, THE POLICY, WHEN AND IF <br />APPROVED FOR ISSUANCE, WII,L EITHER BE ENDOJlSED TO ADD THE FOLLOWING LA."'lGlJAC)': <br />OR AN ENCUMBRANCE WILl; BE ADDED TO SCHEDULE 8, PART I AS "'OLLOWS: <br /> <br />Any daim. which arises out 01 the transaction cresting the interest t>f the mortgagee insurOO by this <br />policy, b)' reason of the operation of r~af bankruptL')'. stull' insolvent:)', 61' sindlat cre.dit()r.;' <br />rights laws, that is based on: <br /> <br />(a) the tran..-.artion creating the interest of the insured mortgagee being deemed a fraudulent <br />converance or fraudulent transfer, or <br />(b) the subordination of the InWest of the insured murtgagee a.'l a n:sutt (If the llpplication <br />of tbe doctrine of equitable subordinatioD; or <br />(e) the tnlnsactioD creating the interest of the Insured mortgagee being deemed a preferential <br />transfer c.\:('ept where ~ preferential tr,uv,fe.:- results from the failure: <br />(i) to timely r~ord the l",;trument of transfer~ or <br />(li) of such recordation to impart notice to a purchaser tor value or a judgment or UESt <br />, creditor. <br /> <br />APPROVAl. FOR THE ISSUANCE OF TIlE 1970 AL T A LENDER'S POLJCY FORM MUST BE REQUESTED <br />A.!'~D APPROVED PRIOR TO CWSE OF ESCROW. ALL OTHER FORMS OF POLJCIES TIlAT ARE <br />AUTHOIDZED TO BE ISSUED ARE THE 1992 POLICIES OI\1..Y. <br /> <br />BUYER'S NOm <br /> <br />If lIn AL TA Residential Owner'!; Policy is requested and if the propel1)' described herein is <br />detennintd to be eligible for this policy, the following Exceptions From Coverag~ will appear <br />in the polic~.: <br /> <br />1. Taxes or 8.<;!)e8smcnts wbitb are not !ihown as liens br the public records or b~' the records <br />of an)' taxing authority. <br /> <br />2. (8) Water r1ght:i, claims or title to water; (b) rf.'$tM"a!ious ur exceptions in patents <br />I'Ir in Acts authorizing the issuance thereof: (c) unpatented mining claims; whether or' <br />not the mattp.rs t'licepted under (a), (b) or (c) art shown by the public records. <br /> <br />3. Any r1ght~, interests or clalmli bl' partit'li in po!i.oression of the land whicb are not <br />shown by the public rerord.'l. <br /> <br />4. AD~' easements or 11m.. not shown by the publ1c rtJOOrds. This exception does not limit the <br />lien covtrage in Item 8 of tbe Cbvered Title Risks. <br /> <br />5. Any fac.1S about the land which a correct survey would disclose and which ~re not shaWQ b)" <br />tbe public n:c~rlk. 'fill!! exception does not limit the torud removal ro~enage in Item 12 <br />of the Covered 'l1t1e Hr.-ks. <br /> <br />n.c.tM.t;O"t'JUI <br /> <br />CL T A Preliminary Report <br /> <br />MAY 12,2005 10:46 <br /> <br />5105773310 <br /> <br />Page 8 <br />