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CLTA PRELIMINARY REPORT FORM
<br />LIST OF PRINTED EXCEPTIONS AND EXCLUSIONS
<br />(Revised 06/17/06)
<br />CALIFORNIA LAND TITLE ASSOCIATION STANDARD COVERAGE POLICY - 1990
<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,
<br />costs, attorneys' fees or expenses which arise by reason of:
<br />1. (a) Any law, ordinance or governmental regulation (including but not limited to building or zoning laws, ordinances,
<br />or regulations) restricting, regulating, prohibiting or relating (i) the occupancy, use, or enjoyment of the land;
<br />(ii) the character, dimensions or location of any improvement now or hereafter erected on the land; (iii) a separafion
<br />in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part; or
<br />(iv) environmental protection, or the effect of any violation of these laws, ordinances or governmental regulations,
<br />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
<br />or notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been
<br />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,
<br />but not excluding from coverage any taking which has occurred prior to Date of Policy which would be binding on the
<br />rights of a purchaser for value without knowledge.
<br />3. Defects, liens, encumbrances, adverse claims or other matters:
<br />(a) whether or not recorded in the public records at Date of Policy, but created, suffered, assumed or agreed to by the
<br />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
<br />and not disclosed in writing to the Company by the insured claimant prior to the date the insured claimant became an
<br />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; or
<br />(e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the insured
<br />mortgage or for the estate or interest insured by this policy.
<br />4. Unenforceability of the lien of the insured mortgage because of the inability or failure of the insured at Date of Policy, or
<br />the inability or failure of any subsequent owner of the indebtedness, to comply with the applicable doing business laws
<br />of the state in which the land is situated.
<br />5. Invalidity or unenforceability of the lien of the insured mortgage, or claim thereof, which arises out of the transaction
<br />evidenced by the insured mortgage and is based upon usury or any consumer credit protection or truth in lending law.
<br />6. Any claim, which arises out of the transaction vesting in the insured the estate of interest insured by this policy or the
<br />transaction creating the interest of the insured lender, by reason of the operation of federal bankruptcy, state insolvency
<br />or similar creditors' rights laws.
<br />EXCEPTIONS FROM COVERAGE '
<br />SCHEDULE B, PART I
<br />This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which
<br />arise by reason of:
<br />1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or
<br />assessments on real property or by the public records.
<br />Proceedings by a public agency which may result in taxes or assessments, or notices of such proceedings, whether or not
<br />shown by the records of such agency or by the public records.
<br />2. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained by an
<br />inspection of the land or which maybe asserted by persons in possession thereof.
<br />3. Easements, liens or encumbrances, or claims thereof, not shown by the public records.
<br />4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey
<br />would disclose, and which are not shown by the public records.
<br />YRELIM.91.06 PAGE 1 OF 8
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