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SCHEDULE B <br />This policy does not insure against loss by reason of the matters shown or referred to in this Schedule <br />except to the extent that the owner of any mortgage or deed of trust shown in Part Two is expressly <br />insured in paragraphs numbered 4 and 5 on page 1 of this policy. <br />Part One: This part of Schedule B refers to matters which, if any such exists, may affect the title to <br />said land, but which are not shown in this policy: <br />1. Taxes or assessments which are not shown as existing liens by the records of any taxing agency or by the public <br />records; and easements, liens or encumbrances which are not shown by the public records. <br />2. Rights or claims of persons in possession of said land which are not shown by the public records. <br />3. Any facts, rights, interests, or claims which are not shown by the public records but which could be ascertained <br />by an inspection of said land, or by making inquiry of persons in possession thereof, or by a correct survey. <br />4. Mining claims, reservations in patents, water rights, claims or title to water. <br />5. Any laws, governmental acts or regulations, including but not limited to zoning ordinances, restricting, regula- <br />ting or prohibiting the occupancy, use or enjoyment of the land or any improvement thereon, or any zoning <br />ordinances prohibiting a reduction in the dimensions or area, or separation in ownership, of any lot or parcel <br />of land; or the effect of any violation of any such restriction, regulations or prohibitions. <br />Part Two: This part of Schedule B shows liens, encumbrances, defects and other matters affecting title <br />to said land or to which said title is subject: <br />1. County and City Taxes for the fiscal year 1959-60 (including <br />personal property tax of $20.23), as follows: <br />1st Installment 214.39 OPEN <br />2nd Installment 1214-38 OPEN (Covers this and other property) <br />Account No. 79-123-12 <br />2. (Covers this and other property) <br />A Deed of Trust dated December 17, 1949 executed by L. W. Arnold <br />and Irene S. Arnold, his wife, to Corporation of America, a s Trustee, <br />to secure an indebtedness of $12,000.00 in favor of Bank of America <br />National Trust and Savings Association, and any other amounts payable <br />under the terms thereof; recorded January 12, 1950 in Book 5988, page <br />530, of Official Records. <br />In Book 7554, page 376, Official Records, is the record on <br />February 1, 1955 of an instrument substituting Continental Auxiliary <br />Company, a corporation, as Trustee under said Deed of Trust. <br />Form No. 808 <br />