Deed - 15301 Wicks Blvd (Marina Community Center) - File 1277, 1991

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POLICY Of TITLE INSURANCE ISSUED BY TVANSAMERICA TITLE INSURANCE COMPANY SUBJECT TO THE EXCLUSIONI$1��FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIWNS, TRANSAMERICA TITLE INSURANCE COMPANY, a California corporation, herein called the Compa- ny, insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the Amount of Insurance stated in Schedule A, sustained or incurred by the insured by reason of: 1. Title to the estate or interest described in Schedule A being vested other than as stated therein; 2. Any defect in or lien or encumbrance on the title; 3. Unmarketability of the title; 4. Lack of a right of access to and from the land; and in addition, as to an insured lender only: 5. The invalidity or unenforceab' 'ty of the lien of the insured mortgage upon the title; 6. The priority of any lien or encumbrance over the lien of the insured mortgage, said mortgage being shown in Schedule B in the order of its priority; 7. The invalidity or unenforceability of any assignment of the insured mortgage, provided the assignment is shown in Schedule B, or the failure of the assignment shown in Schedule B to vest title to the insured mortgage in the named insured assignee free and clear of all liens. The Company will also pay the costs, attorneys' fees and expenses incurred in defense of the title or the lien of the insured mortgage, as insured, but only to the extent provided in the Conditions and Stipulations. IN WITNESS WHEREOF, TRANSAMERICA TITLE INSU RANCE COMPANY has caused its corporate name and seal to be hereunto affixed by its duly authorized officers, the Policy to become valid when countersigned by an authorized officer or agent of the Company. )-4. A-7- By: Authorized Countersignature The following matters are expres fees or expenses which arise by r 1. (a) Any law, ordinance or I restricting, regulating, prohibi any improvement now or her any parcel of which the land governmental regulations, exc from a violation or alleged vi (b) Any governmental policy defect, lien or encumbrance r of Policy. 2. Rights of eminent domain ur from coverage any taking wh knowledge. 3• Defects, liens, encumbrances, (a) whether or not recorded i (b) not known to the Compa in writing to the Company b (c) resulting in no loss or dai (d) attaching or created subs (e) resulting in loss or damal the estate or interest insured 4. Unenforceability of the lien failure of any subsequent ov situated. 5. Invalidity or unenforceabilit, insured mortgage and is base TRANSAMERICA TITLE INSURANCE COMPANY a o President �, rE 3 M4r ss. X°v0 ,ai �n , r* � Attest: ��c r �AIIFORN��' Secretary EXCLUSIONS FROM COVERAGE excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' on of: ernmental regulation (including but not limited to building or zoning laws, ordinances, or regulations) g or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of ter erected on the land; (iii) a separation in ownership or a change in the dimensions or area of the land or or was a part; or (iv) environmental protection, or the effect of any violation of these laws, ordinances or to the extent that a notice of the enforcement thereof or a notice of a defect, lien or encumbrance resulting lion affecting the land has been recorded in the public records at Date of Policy. ewer not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a Iting from a violation or alleged violation affecting the land has been recorded in the public records at Date notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without dverse claims or other matters: the public records at Date of Policy, but created, suffered, assumed or agreed to by the insured claimant; y, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed the insured claimant prior to the date the insured claimant became an insured under this policy; age to the insured claimant; luent to Date of Policy; or which would not have been sustained if the insured claimant had paid value for the insured mortgage or for y this policy. the insured mortgage because of the inability or failure of the insured at Date of Policy, or the inability or er of the indebtedness, to comply with the applicable doing business laws of the state in which the land is of the lien of the insured mortgage, or claim thereof, which arises out of the transaction evidenced by the upon usury or any consumer credit protection or truth in lending law. CLTA Standard Coverage Policy - 1988 Page 1 Form 1156-15 Valid Only If Schedules A, B and Cover Are Attached