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DARD COVERAGE POLICY FORM -- 7 1 : <br />SCHEDULE B <br />This policy does not insure against loss or damage by reason of matters shown in Parts One and Two hereof: <br />PART ONE: <br />1. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assess- <br />ments on real property 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 <br />of said land or by making inquiry of persons in possession thereof. <br />3. Easements, claims of easement or encumbrances 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 <br />disclose. <br />5. Unpatented mining claims; reservations or exceptions in patents or in Acts authorizing the issuance thereof; water rights, claims <br />or title to water. <br />PART TWO: Liens, encumbrances, defects and other matters affecting title to said land or to which said title is subject: <br />1. County and City Taxes for the fiscal year 1960-61 as follows: <br />1st Installment EXEMPT <br />2nd Installment EXEMPT <br />Account No, 75-87-1-1 Ptn. <br />2. The effect of an unrecorded lease to Western Pacific Railway <br />Company, a corporation, as disclosed by the Decree of Distribution <br />in the matter of the Estate of Joseph Boniface Rose, deceased, dated <br />August 27, 1931 in Book 2674, page 400, Official Records. <br />