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CLTA STANDARD COVERAGE POLICY - 1990 <br />POLICY OF TITLE INSURANCE ISSUED BY <br />S T EWART TITLE <br />GUARANTY COMPANY <br />SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN <br />SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, STEWART TITLE GUARANTY COMPANY, a Texas <br />corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage, not <br />exceeding the Amount of Insurance stated in Schedule A, sustained or incurred by the insured by reason of: <br />1. Title to the estate or interest described in Schedule A being vested other than as stated therein; <br />2. Any defect in or lien or encumbrance on the title; <br />3. Unmarketability of the title; <br />4. Lack of a right of access to and from the land; <br />and in addition, as to an insured lender only: <br />5. The invalidity or unenforceability of the lien of the insured mortgage upon the title; <br />6. The priority of any lien or encumbrance over the lien of the insured mortgage, said mortgage being shown in <br />Schedule B in the order of its priority; <br />7. The invalidity or unenforceability of any assignment of the insured mortgage, provided the assignment is shown <br />in Schedule B, or the failure of the assignment shown in Schedule B to vest title to the insured mortgage in the <br />named insured assignee free and clear of all liens. <br />The Company will also pay the costs, attorneys' fees and expenses incurred in defense of the title or the lien of the <br />insured mortgage, as insured, but only to the extent provided in the Conditions and Stipulations. <br />Signed under seal for the Company, but this Policy is to be valid only when it bears an authorized countersignature. <br />Company <br />City, State <br />STENVART TITLE <br />GUARANTY COMPANY <br />� 3Q:2�oaao,y4T�:Z<'s <br />1 08�o; <br />�wr W.d2� <br />President <br />PLACER TITLE COMPANY <br />801 DAIS STREET <br />SAN �51 )D' <br />G14:2965CA 94577 <br />151 (Rev. 1-19-91) <br />PagePolicy 1 OT CNJP-1597- 2 5 5 5 51 <br />Serial No. <br />