Agmt 2005 Stahl-Wooldridge Construction Co

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MAY-12-2005 THU 09:51 AM CITY OF SAN LEANDRO FAX NO. 5105773310 P. 11 CLTA PRELIMINARY REPORT FORM USI' OF I'RlNTED ,EXCEYffONS AND EXCLUSIONS 1. CALIFORNIA LAl'Io'D TITLE ASSOCIATION STANDARD COVERAGE POUC\' . 1990 EXCLUSIONS FROM COVERAGE The following maners are expressl}' excluded from the coverage of this policy and the Compm1Y will not pa}' 10$s or damage, COSIS, attomey'~ rOOf, or expenses Which aris~ by teUOn of: 1. (01) Any law, ordinance or governmental regulation (including but not limited 10 building or zoning lawR, (JrdinilJlCe~, or regulations) restricting, t'cgulating. prohibiting or relating (i) the occupancy. use or enjoyment of tbe' land: (in the cnaracrer. dimensions or location of any improvement now or hereafter erected on The land; (iii) a separation in ownerlihip or II chungI.' in the dimensions or area of \ht! land ur any parcel of which the land is or was a pan; or (iV) environmental protection. or the effect of any violation of these JawS. ordilUUltes or governmental regullltion,;. e1>cept to the extenr thar a notice of the enforcement thereof or a notice of a defect. lien or encumbrance resulting from a violation or alleged vi()larion affecting lhe land has been rerorded in the public records al Date of Policy. (b) Any governmental policy power not excluded by (a) above. e1>.cept l() the extent that a notice oftbt exercise thereof or notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the PUblic records at Date of Policy. 2. Rights of eminent domain unless notice of tbe cxt'lrti$e thereof has been recorded in the public records at Date of Policy I but not excluding from coverage any taking which na.~ ClCCUlTed prior to Pare of Policy which would he binding on !:he rights of a purchaser for value." without knowledge. 3. Defects, Jien$. encumbrances. adverse cl aims or other mamrs: (a) whether or nOI recorded in the public records at Pate of Policy, but created; suffered, assumed or agreed to by the insured claimant; (b) l10t t:nown to the C(lmpany. not recorded in the public record5 at Date (If Policy. but known to the mSUM claimant and not disclosed in writing to the Company by the insured claimant prior to the date the it1llured claimant ~ame an insured under this policy; (c) resulting in no 10$9 or damage to the insured claimllJlt: (d) attaching or create.d subsequent to Date of Policy; or (e) re.~ulting in loss or damage which woUld not have been sustained if the insured claimant had paid value for the insured mortgage or for the estate or interest insured by this policy, 4. Unenforceability of the lien of the insured mortgage hecIlu.'le of the inability or failure of the iMured at Date of POlicy. or the inability or failure of MY ~ubsequent OWlWr of the indebtedness. to comply with lhe applicable doin& business laws of the SI.litt.' in which the land is situated. 5. Invalidity Qr unenforceabUity of the lien of the insured mongagc. or claim thereof; which arises out of the llan~ion evidenced by the insured mortgage sn.d is based upon usury or ltfIY consumer credit protection or truth in lendiD& law. 6. Any claim, which lUise!l out of the transaction vesting in the insured the estate or interest insured by thispolicy or the transaction creating the interest of the insured lender. by reason of the operation of federal banJ:ruptcy, state insoh'etK)' or similar creditor's rights laws. EXCEYnONSFROMCOVERAGE SCHEDULE B, PART r This polk')' does not insure against loss or darollge (and the Company will nOI pay COSIS, anomey's fees or ~xpenses) which iIfi~ by reason of: I. Taxes or assessments which are not shown as existing liens by tbl! recordS of any taxing authorit)' that levies tllX~ (IT assessmcnlS on real propeny or by the public records. Proceedings by a public: IlgM(.'Y which may result in taxes or assessments. or notices of such proceedinp;, whet1v:r or nol shown by the records of such lIgency or by the public reeords . 2. Any fllCt$, rights. interest or claims ~;hich are not shown by the public records. but which could be lISccrrained by an inspection of the land or which ttlay be as!lerted by persons in possession thereof. 3. Easements, liens or encumbnulces. Or claims thereof. which are nol shown by the public records. >>Q::Lt;IC..JlI. I...... U -J. '~O'J PAGE 1 OF 5 MAY 12,2005 10:48 5105773310 Page 11