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Order Number: NCS-851639-CC <br />Page Number: 11 <br /> <br />First American Title Insurance Company <br /> <br /> <br /> CLTA/ALTA HOMEOWNER'S POLICY OF TITLE INSURANCE (02-03-10) <br />EXCLUSIONS <br /> <br />In addition to the Exceptions in Schedule B, You are not insured against loss, costs, attorneys' fees, and expenses resulting from: <br /> 1. Governmental police power, and the existence or violation of those portions of any law or government regulation concerning: <br /> (a) building; (d) improvements on the Land; <br /> (b) zoning; (e) land division; and <br /> (c) land use; (f) environmental protection. <br /> This Exclusion does not limit the coverage described in Covered Risk 8.a., 14, 15, 16, 18, 19, 20, 23 or 27. <br />2. The failure of Your existing structures, or any part of them, to be constructed in accordance with applicable building codes. This Exclusion does not limit the coverage described in Covered Risk 14 or 15. <br />3. The right to take the Land by condemning it. This Exclusion does not limit the coverage described in Covered Risk 17. <br />4. Risks: <br /> (a) that are created, allowed, or agreed to by You, whether or not they are recorded in the Public Records; <br /> (b) that are Known to You at the Policy Date, but not to Us, unless they are recorded in the Public Records at the Policy Date; <br /> (c) that result in no loss to You; or <br /> (d) that first occur after the Policy Date - this does not limit the coverage described in Covered Risk 7, 8.e., 25, 26, 27 or 28. <br />5. Failure to pay value for Your Title. <br />6. Lack of a right: <br /> (a) to any land outside the area specifically described and referred to in paragraph 3 of Schedule A; and <br /> (b) in streets, alleys, or waterways that touch the Land. <br /> This Exclusion does not limit the coverage described in Covered Risk 11 or 21. <br />7. The transfer of the Title to You is invalid as a preferential transfer or as a fraudulent transfer or conveyance under federal bankruptcy, state <br />insolvency, or similar creditors' rights laws. <br /> <br />LIMITATIONS ON COVERED RISKS <br /> <br />Your insurance for the following Covered Risks is limited on the Owner's Coverage Statement as follows: For Covered Risk 16, 18, 19, and 21 Your Deductible Amount and Our Maximum Dollar Limit of Liability shown in Schedule A. <br /> <br /> <br /> Your Deductible Amount Our Maximum Dollar Limit of Liability <br />Covered Risk 16: 1% of Policy Amount or $2,500.00 (whichever is less) $10,000.00 <br />Covered Risk 18: 1% of Policy Amount or $5,000.00 (whichever is less) $25,000.00 <br />Covered Risk 19: 1% of Policy Amount or $5,000.00 (whichever is less) $25,000.00 <br />Covered Risk 21: 1% of Policy Amount or $2,500.00 (whichever is less) $5,000.00 <br /> <br /> <br /> ALTA RESIDENTIAL TITLE INSURANCE POLICY (6-1-87) <br />EXCLUSIONS <br /> <br />In addition to the Exceptions in Schedule B, you are not insured against loss, costs, attorneys' fees, and expenses resulting from: <br /> 1. Governmental police power, and the existence or violation of any law or government regulation. This includes building and zoning <br />ordinances and also laws and regulations concerning: <br /> (a) and use <br /> (b) improvements on the land <br /> (c) and division <br /> (d) environmental protection <br /> This exclusion does not apply to violations or the enforcement of these matters which appear in the public records at Policy Date. <br /> This exclusion does not limit the zoning coverage described in Items 12 and 13 of Covered Title Risks. <br />2. The right to take the land by condemning it, unless: <br /> (a) a notice of exercising the right appears in the public records on the Policy Date <br />226