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CL?A STANDARD COVERAGE POLICY - 1990 <br />POLICY OF TITLE INSURANCE ISSUED BY <br />I CITY OF S41 <br />JUN 2 71996 <br />S T E OVA R T T I T L E " CLERKS <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 />Co c man ne <br />Countersigne / <br />Authorized S4natory <br />Company <br />City, State <br />151 (Rev. 1-19-91)y <br />STEWART TITLE <br />, <br />GUARANTY COMPANY <br />piiNiiiiiiiiii. <br />�/ <br />9y' = <br />Q <br />President <br />LpRPPOgq <br />• �W�� �l�-TKO <� <br />y1 'H: 1908 ;'off <br />PP `,,` <br />PLACER TITLE COMPANY <br />— <br />go,UAUIS STREET <br />E <br />SAN 4577 <br />— <br />(EANDRO,5 0} 614.2965 <br />Nage 1 of CNJP-1597-3 5 7 6 5 8 <br />Policy <br />Serial No. <br />