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CLTA STANDARD COVERAGE POLICY - 1988 <br />t POLICY OF TITLE INSURANCE ISSUED BY <br />STEWART 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 INSURANCE 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 st ed 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 lie%overhe <br />red mortgage u n the title; <br />6. The priority of any lien or encumbrance of the insured mortgage, said mortgage being shown in <br />Schedule B in the order o priority; <br />7. The invalidity or unenforce bility of any assignment of the insured mortgage, provided the assignment is shown <br />in Schedule B, or the failure f the assignment shown in Schedule B to vest title to the insured mortgage in the <br />named insured assignee free an le 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 />STENVART TITLE <br />GUARA yTY COMPANY <br />Chairman of the Board President <br />Countersigned by: P �QaPoggr•"?tee <br />PIXER 1!-(LE COMPANY <br />1420 HARBOR BAY PARKWAY, SUITE <br />ALAMEDA, CA 94501 <br />Authorized Signatory <br />Company <br />City, State <br />110 <br />Page 1 of CNJP-1581- <br />Policy <br />Serial No. <br />151 (Rev. 7-1-88) <br />