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~, <br />Pie s <br />p~u Vo: 609633 SDC <br />SCHEDULE B <br />(continued) <br />Your Ref: <br />EXHIBIT A -LEGAL DESCRIPTION OF <br />PROPOERTY <br />CRE0170RS' RIGHTS NOTE <br />i <br />NOTE: If a 1970 ALTA Owner's or Lender's or 1975 ALTA Leasehold Owner's <br />or Lender's policy form has been requested, the policy. when <br />approved for issuance, will be endorsed to add the following to <br />the Exclusions From Coverage contained therein: <br />Loan Policy Exclusion: <br />Any claim, which aris~h'SUtoofcyhebyraeason'of theeopegathon`o efederaf the <br />mortgagee insured by P <br />bankruptcy, state insolvency, or similar creditors rights laws, that is ~ <br />based on: <br />(i) the transaction creating the interest of the insured mortgagee <br />being deemed a fraudulent conveyance or fraudulent transfer; or <br />the subordination of the interest of the insured mortgagee as a <br />(~~) Iication of the doctrine of equitable <br />resu-t of the app <br />subordination; or <br />(iii) the transaction ~efe~engiahetransfertexceptewhererthe prefe9ential <br />being deemed a p <br />transfer resul;.s from the failure <br />a, to timely record the instrument of transfer; or <br />b. of such recordation to impart notice to a purchaser for <br />value or a j udgment or lien creditor <br />Owner's Policy Exclusion: <br />Any claim, which ar1Seuredtb fthns poancyctbynreasonnof'thehoperation ofe <br />estate or interest ins y <br />federal bankruptcy, state insolvency, or similar creditors' rights laws <br />that is based on. <br />(i) the transactideemedaa'fgaudulentaconoveyancerortfraudueenty this <br />policy bu ng <br />transfer; or <br />(;i) the transaction creatingefeeenttaletOansfeerexceptswherebthehis <br />policy being deemed a p <br />preferential transfer results from the failure <br />a, to timely record the instrument of transferurchaser for <br />b, of such recordation to impart notice to a p <br />value or a judgment or lien creditor. <br />OR€UM8G9/21/99ok <br />