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Exhibit A
<br />CALIFORNIA LAND TITLE ASSOCIATION
<br />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, costs, attorneys' fees or
<br />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, or regulations)
<br />restricting, regulating, prohibiting or relating (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any
<br />improvement now or hereafter erected on the land; (iii) a separation in ownership or a change in the dimensions or area of the land or any
<br />parcel of which the land is or was a part; or {iv) environmental protection, or the effect of any violation of these laws, ordinances or
<br />governmental regulations, 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 or notice of a
<br />defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of
<br />Policy.
<br />2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from
<br />coverage any taking which has occurred prior to Date of Policy which would be binding on the 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 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 and not disclosed in
<br />writing to the Company by the insured claimant prior to the date the insured claimant became an 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 mortgage or for
<br />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 the inability or failure of
<br />any subsequent owner of the indebtedness, to comply with the applicable doing business laws 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 evidenced by the insured
<br />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 transaction creating the
<br />interest of the insured lender, by reason of the operation of federal bankruptcy, state insolvency or similar creditors' rights laws.
<br />EXCEPTIONS FROM COVERAGE - 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 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 assessments on real
<br />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 shown by the records of
<br />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 inspection of the land
<br />which may be asserted by persons in possession thereof,
<br />3. Easements, liens or encumbrances, or claims thereof, which are 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 would disclose, and which
<br />are not shown by the public records.
<br />5. (a) Unpatented mining claims; (b) reservations or exceptions in patents or in Acts authorizing the issuance thereof; (c) water rights, claims or title
<br />to water, whether or not the matters excepted under (a), (b) or (c) are shown by the public records.
<br />6. Any lien or right to a lien for services, labor or material not shown by the public records.
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