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HomeMy WebLinkAboutAdministrative Permit APX2016017 - Supporting DocumentsFormNo.1068-2 CommitmentNo.:NCS-38391-SA1 ALTAPlainLanguageCommitment PageNumber:0 A.).$o.i FirstAmericanTitleInsuranceCompany NationalCommercialServices 1 FirstAmericanWay SantaAna,CA92707 GEFinancialAssurance 601 UnionStreet,Suite1400, Two UnionSquare Seattle,WA 98101 07/25/2003 TitleOfficer:DavidNeal Phone:(714)800-4966 FaxNo.:(714)800-4751 E-Mail:dmneal@firstam.com Dept.ofPlanning &Building Borrower:LesterC.Smull,Trusteeof the SmullFamilyTrust Property:6952 BolsaAvenue HuntingtonBeach,California92647 Attachedpleasefindthefollowingitem(s): Commitment ThankYoufor yourconfidenceandsupport. Weat FirstAmericanTitleCompanymaintainthe fundamentalprinciple: CustomerFirst! FirstAmerican 77t1e FormNo.1068-2 CommitmentNo.:NCS-38391-SA1 f ALTAPlainLanguageCommitment PageNumber:1 FirstAmericanTitleInsuranceCompany INFORMATION TheTitleInsuranceCommitmentisa legalcontractbetweenyouandthecompany.It isissuedto show thebasisonwhichwewillissueaTitleInsurancePolicytoyou. ThePolicywill insureyouagainstcertain risksto the landtitle, subjectto thelimitationsshowninthepolicy. TheCompanywill giveyouasampleofthePolicyform,ifyouask. TheCommitmentis basedonthe landtitle asof theCommitmentDate. Anychangesin the landtitleor thetransactionmayaffecttheCommitmentandthePolicy. TheCommitmentissubjectto itsRequirements,ExceptionsandConditions. Thisinformationisnotpartofthetitle insurancecommitment. TABLEOFCONTENTS Page Agreementto IssuePolicy 3 ScheduleA CommitmentDate 4 Policiesto beIssued,AmountsandProposedInsured 4 Interestinthe LandandOwner 4 Descriptionof the Land 4 ScheduleB-1- Requirements ScheduleB-2- Exceptions Conditions YOUSHOULDREADTHECOMMITMENTVERYCAREFULLY. If youhaveanyquestionsaboutthe Commitment, pleasecontactthe issuingoffice. FirstAmerican77de1 ,- FormNo.1068-2 CommitmentNo.:NCS-38391-SA1 , ALTAPlainLanguageCommitment PageNumber:2 COMMITMENTFORTITLEINSURANCE Issuedby FirstAmericanTitleInsuranceCompany AgreementtoIssuePolicy Weagreeto issuea policyto youaccordingto thetermsofthisCommitment. When we show the policy amountand your nameas the proposedinsured in ScheduleA, this Commitmentbecomeseffectiveasof theCommitmentDateshowninScheduleA. If the Requirementsshown in this Commitmenthave not been met within six months after the CommitmentDate, our obligationunderthis Commitmentwill end. Also,our obligationunderthis CommitmentwillendwhenthePolicyisissuedandthenourobligationto youwill beunderthe Policy. OurobligationunderthisCommitmentislimitedbythefollowing: TheProvisionsin ScheduleA. TheRequirementsinScheduleB-1. TheExceptionsin ScheduleB-2. TheConditions. ThisCommitmentisnotvalidwithoutScheduleAandSections1and2of ScheduleB. FirstAmeficanTde FormNo. 1068-2 CommitmentNo.:NCS-38391-SA1 ALTAPlainLanguageCommitment PageNumber:3 SCHEDULEA LoanNumber:5445 CommitmentDate:July01,2003 at 7:30A.M. Policyor Policiesto beissued: (A)ALTALoanPolicy To BeDetermined ProposedInsured: GEFinancialAssurance Amount $2,145,000.00 3.(A) Theestateor interestinthe landdescribedinthisCommitmentis: Afeeasto ParcelA,Aneasementasto Parcel'sB& C. (B) Titleto saidestateor interestatthedatehereofisvestedin: L.C.Smull,amarriedman,ashisseparateproperty 4.Thelandreferredto in thisCommitmentissituatedinthe stateof California,countyof Orange, anddescribedasfollows: RealpropertyintheCityof HuntingtonBeach,Countyof Orange,Stateof California, describedasfollows: PARCELA: PARCEL2 ASSHOWNONAMAPFILEDIN BOOK55, PAGE32 OFPARCELMAPSIN THEOFFICEOFTHECOUNTYRECORDEROFSAIDORANGECOUNTY. EXCEPTINGALLOIL, GASAND MINERALSLYINGBELOWA PLANE500 FEETFROM THESURFACEOFTHEREALPROPERTYHEREINABOVEDESCRIBED,TOGETHERWITH THEPERPETUALRIGHTOFDRILLING,MINING, EXPLORINGANDOPERATING THEREFORANDREMOVINGSAMEFROMTHEREALPROPERTYHEREINABOVE DESCRIBEDORANYOTHERLAND,INCLUDINGTHERIGHTTOWHIPSTOCKOR DIRECTIONALLYDRILLANDMINE FROMLANDSOTHERTHANTHEREALPROPERTY HEREINABOVEDESCRIBEDWITHOUT,HOWEVER,THERIGHTTODRILL,MINE, EXPLOREANDOPERATETHROUGHTHESURFACEORTHEUPPER500 FEETOFTHE SUBSURFACEOFTHEREALPROPERTYHEREINABOVEDESCRIBED,ASRESERVEDIN ANINSTRUMENTRECORDEDMAY4, 1966 IN BOOK7920, PAGE346 OFOFFICIAL RECORDS. PARCELB: ANEASEMENTFORSEWER,WATER,DRAINAGEANDINCIDENTALPURPOSESOVER FirstAmericanTitle FormNo.1068-2 CommitmentNo.:NCS-38391-SA1 ALTAPlainLanguageCommitment PageNumber:4 THEWESTERLY5 FEETOFLOT64 ANDTHEEASTERLY5 FEETOFLOT63 OFTRACT NO.3889, ASPERMAPRECORDEDIN BOOK138,PAGES41 AND42 OF MISCELLANEOUSMAPSIN THEOFFICEOFTHECOUNTYRECORDEROFSAIDORANGE COUNTY. PARCELC: EASEMENTSFORINGRESS,EGRESS,UTILITIESANDPARKING,ASPERDECLARATION OFESTABLISHMENTOFPROTECTIVECOVENANTS,CONDITIONSANDRESTRICTIONS ANDGRANTOFEASEMENTSRECORDEDJANUARY14, 1974 IN BOOK11056, PAGE 312 OFOFFICIALRECORDSOFORANGECOUNTY,CALIFORNIA. APN:145-231-21 FirstAmerican77t/e FormNo.1068-2 CommitmentNo.:NCS-38391-SA1 ALTAPlainLanguageCommitment PageNumber:5 SCHEDULEB SECTIONONE REQUIREMENTS Thefollowingrequirementsmustbemet: Paytheagreedamountsfortheinterestinthelandand/orthemortgageto b e i n s u r e d . Payusthe premiums,feesandchargesforthepolicy. Documentssatisfactoryto u s c r e a t i n g t h e i n t e r e s t i n t h e l a n d a n d / o r t h e m o r t g a g e t o b e i n s u r e d mustbesigned,deliveredandrecorded. Youmusttell u s i n w r i t i n g t h e n a m e o f a n y o n e n o t r e f e r r e d t o i n t h i s C o m m i t m e n t w h o will get aninterestinthe landor whowill makea loanonthe land. Wemaythen m a k e additionalrequirementsor exceptions. Releases(s)or Reconveyance(s)ofItem(s):12 Other:None Youmustgiveusthefollowinginformation: Anyoff r e c o r d l e a s e s , s u r v e y s , e t c . Statement(s)ofIdentity,allparties. Other: Fullcopiesof allunrecord e d l e a s e s a f f e c t i n g t h e l a n d . Withrespectto th e S m u l l F a m i l y T r u s t d a t e d 1 2 - 0 7 - 8 4 r e f e r r e d t o i n t h e v e s t i n g : Acertificationpursuantto S e c t i o n 1 8 1 0 0 . 5 o f t h e C a l i f o r n i a P r o b a t e C o d e i n a f o r m s a t i s f a c t o r y to theCompany. Copiesof thoseexcerptsfromtheoriginaltrustdocumentsandamendmentstheretowhich designatethetrusteeandconferuponthetrusteethe p o w e r t o a c t i n t h e p e n d i n g t r a n s a c t i o n . OtherrequirementswhichtheCompanymayimposefollowingitsreviewof t h e m a t e r i a l requiredhereinandotherinformationwhichtheCompanymayrequire. FifstAmericanTitle FormNo.1068-2 CommitmentNo.:NCS-38391-SA1 , ALTAPlainLanguageCommitment PageNumber:6 SCHEDULEB SECTIONTWO EXCEPTIONS Anypolicyweissuewill havethefollowingexceptionsunlesstheyaretakencareofto oursatisfaction. Theprintedexceptionsandexclusionsfromthecoverageofthepolicyor policiesaresetforth inExhibitA attached.Copiesof the policyformsshouldberead.Theyareavailablefromtheofficewhichissuedthis Commitment. Generalandspecialtaxesandassessmentsforthefiscalyear2003-2004,a liennotyetdueor payable. Thelienof supplementaltaxes,ifany,assessedpursuantto Chapter3.5commencingwith Section75ofthe CaliforniaRevenueandTaxationCode. Rightsofthepublicinandto that portionofthelandlyingwithinroads,streetsor highways. Awaiverofanyclaimsfordamagesbyreasonof thelocation,construction,landscapingor maintenanceof acontiguousfreeway,highwayor roadway,ascontainedinthedocument recordedJune3, 1931inBook479,page467andMarch15,1933in Book601,page286, bothas of OfficialRecords. Theconditionaffectingthat portionof saidlandwithinTract3889ascontainedin Deedto GordonL.Sorkandwife,recordedMarch9, 1961inBook5652,page168of OfficialRecords,as follows: "Saideasementisgrantedonthefollowingexpressedconditions:Whensaidlinesare installed,theywill belaidat a depthof 18inchesbelowthesurfaceof saidground,andtheonly accessinthefuturewill befor maintainingorreplaceingsaidlines." Aneasementfor ingressandegressoverportionsofthelandandincidentalpurposes, recordedMay1, 1962asBook6093,page704of OfficialRecords. In Favorof:SoconyMobileOilCompany,Inc. Affects:Theland FirstAmericanTitle FormNo.1068-2 CommitmentNo.:NCS-38391-SA1 ALTAPlainLanguageCommitment PageNumber:7 7.Aneasementforsewer,drainage,utilityandincidentalpurposes,recordedMay4, 1966asBook 7920,page346ofOfficialRecords. Affects:Beginningatthenortheastcornerof saidsection;thencesouth 0degrees39'35"East249.00feetalongtheeastlineofsaid section;thenceparallelwiththe Northlineof saidsection,South 89degrees34'13"West200.00feet;thenceparallelwithsaid Eastsectionline,North0degrees39'35"West5.00feetto the truepointof beginning;thencefromsaidtruepointof beginning,parallelwithsaidNorthlinesection15,South89 degrees34'13"West455.03feetto a linethat isparallelwith anddistant5.00feetEasterly,measuredat rightanglesfrom theEasterlylineofTractno.3891,aspermaprecordedin Book 146,pages8and9ofsaidmiscellaneousmaps;thencealong saidparallelline,South0 degrees39'35"East410.96feetto a linethat isparallelwithanddistant5.00feetNortherly, measuredat rightanglesfromthe NortherlylineofTractno. 3889,aspermaprecordedin Book138,pages41and42of miscellaneousmaps;thencealongsaidlastmentionedparallel line,North89degrees34'26"East100.03feetto a point hereinafterreferredto aspoint"A" Covenants,conditions,restrictions,easements,assessments,liens,charges,termsandprovisions inthedocumentrecordedasBook11056,page312of OfficialRecords,whichprovidethata violationthereofshallnotdefeator renderinvalidthelienofanyfirstmortgageor deedof trust madeingoodfaithandforvalue,butdeletinganycovenant,conditionor restrictionindicatinga preference,limitationordiscriminationbasedonrace,color,religion,sex,handicap,familial status,nationalorigin,sexualorientation,maritalstatus,ancestry,sourceof incomeor disabiAty, to theextentsuchcovenants,conditionsor restrictionsviolateTitle42,Section3604(c),ofthe UnitedStatesCodesor Section12955oftheCaliforniaGovernmentCode.Lawfulrestrictions understateandfederallawontheageof occupantsinseniorhousingor housingfor older personsshallnotbeconstruedasrestrictionsbasedonfamilialstatus. Aneasementfor undergroundelectricalsystem,above-groundappurtenancesandincidental purposes,recordedMarch7, 1974 asBook11090,page261of OfficialRecords. Affects:A portionoftheland Documentre-recordedJune3, 1974asBook11160,page1760of OfficialRecords. Thetermsandprovisionscontainedinthe documententitled"AmendedandCompletelyRestated Agreementof ContinuingInterestinRealProperty"recordedNovember25,1997asInstrument no.97-607515ofOfficialRecords.ByandbetweenLesterC.Smull,asTrusteeof the LesterC. andJimmyL SmullFamilyTrustunderDeclarationofTrustdatedDecember7, 1984and DowneySavingsandLoanAssociation,F.A. AdocumentrecordedNovember25,1997asInstrumentno.1997-607514of Official Recordsprovidesthattheabovedocumentwassubordinatedto thedocumentrecorded November25,1997asInstrumentno.1997-607513of OfficialRecords. FirstAmerican 77de • FormNo.1068-2 CommitmentNo.:NCS-38391-SA1 , ALTAPlainLanguageCommitment PageNumber:8 Adeedoftrustto secureanoriginalindebtednessof $2,700,000.00recordedNovember25, 1997asInstrumentno.1997-607513ofOfficialRecords. Dated:November20,1997 Trustor:LesterC.Smull,Individuallyandonbehalfof HisMarital CommunityandasTrusteeofTheSmullFamilyTrustdated December7, 1984 Trustee:FirstAmericanTitleInsuranceCompany Beneficiary:GreatNorthernInsuredAnnuityCorporation,a Washington corporation A noticeof nonresponsibility,executedbyLesterC.SmullasTrustee,recordedJune12,2000as Instrumentno.2000-306027of OfficialRecords. Anyright,titleor interestof FirstPacificSecurityFinancialServices,Inc., asdisclosedbya notice of nonresponsibilityrecordedJune12,2000asInstrumentno.2000-306027of OfficialRecords. A noticeof nonresponsibility,executedbyLesterC.Smull,asTrusteeandhisSuccessorsunder DeclarationofTrustfortheSmullFamilydatedDec.7, 1984,recordedSeptember15,2000as Instrumentno.2000-482744of OfficialRecords. Anyright,title or interestofOshmanSportingGoodsCompany,asdisclosedbya noticeof nonresponsibilityrecordedSeptember15,2000asInstrumentno.2000-482744of Official Records. A noticeof nonresponsibility,executedbyLesterC.Smull,asTrusteeandhisSuccessorsunder DeclaratonofTrustfortheSmullFamilydatedDec.7, 1984,recordedMarch1,2001as Instrumentno.2001-114472ofOfficialRecords. Anyright,title or interestofArthurA.8LChristieR.Oddendba:TangleswithStyle,asdisclosed bya noticeof nonresponsibilityrecordedMarch1,2001asInstrumentno.2001-114472of OfficialRecords. A noticeof nonresponsibility,executedbyLesterC.Smull,asTrustee,recordedMarch26,2002 asInstrumentno.2002-247294of OfficialRecords. Anyright,title orinterestof MichaelChangandLeiHuiChang;dba:Michael'sDonuts,as disclosedbya noticeof nonresponsibilityrecordedMarch26,2002asInstrumentno.2002- 247294of OfficialRecords. A noticeof nonresponsibility,executedbyLesterC.Smull,Trustee,andhissuccessorsunder DeclarationofTrustfortheSmullFamilydatedDec.7, 1984,recordedJanuary7,2003as Instrumentno.2003-17563of OfficialRecords. Anyright,title or interestofGoldenwestMedicalManagement,LLC,asdisclosedbya noticeof nonresponsibilityrecordedJanuary7,2003asInstrumentno.2003-17563ofOfficialRecords. Anyrights,interests,or claimsof partiesinpossessionof thelandnot shownbythe public records. FirstAmericanTitle FormNo.1068-2 CommitmentNo.:NCS-38391-SA1 ALTAPlainLanguageCommitment PageNumber:9 INFORMATIONALNOTES Taxesfor p r o r a t i o n p u r p o s e s o n l y f o r t h e f i s c a l y e a r 2 0 0 2 - 2 0 0 3 . FirstInstallment:$20,408.86,Paid SecondInstallment:$20,408.86,Paid TaxRateArea:04-019 APN:145-231-21 Supplementaltaxesforthefiscalyear2001-2003assessedpursuantto C h a p t e r 3 . 5 c o m m e n c i n g withSection75oftheCaliforniaRevenueandTaxationCode. FirstInstallment:$58.19,Paid Penalty:$5.82 SecondInstallment:$58.19,Paid Penalty:$15.82 TaxRateArea:04-019 A.P.No.:145-231-21.0100 Accordingto thelatestavailableequalizedassessmentrollintheofficeofthecou n t y t a x assessor,thereislocatedonthelanda(n)CommercialPropertyknownas6952Bolsa Avenue,HuntingtonBeach,California. Accordingto thepublicrecords,therehasbeennoconveyanceofthelandwithin a p e r i o d o f twenty-fourmonthspriorto thedateofthisreport,exceptasfollows: None Themapattached,if any,mayor maynotbeasurveyofthe landdepictedhereon.FirstAmerican expresslydisclaimsanyliabilityforlossordamagewhichmayresultfromrelianceonthismapexceptto theextentcoverageforsuchlossor damageisexpresslyprovidedbythetermsandprovisionsof thetitle insurancepolicy,if any,to whichthismapisattached. FirstAmerican 7 7 t l e FormNo.1068-2 CommitmentNo.:NCS-38391-SA1 , ALTAPlainLanguageCommitment PageNumber: 10 CONDITIONS DEFINITIONS (a)"Mortgage"meansmortgage,deedoftrustor othersecurityinstrument. (b)"PublicRecords"meanstitle recordsthat give constructivenoticeof mattersaffecting the title accordingto the statelawwherethelandislocated. LATERDEFECTS The Exceptionsin ScheduleB - SectionTwo may be amendedto show any defects, liens or encumbrancesthat appearforthefirsttimeinthe publicrecordsor arecreatedorattachedbetweenthe CommitmentDateandthedateonwhichallof the Requirements(a)and(c)of ScheduleB- SectionOne aremet. Weshallhavenoliabilityto youbecauseofthisamendment. EXISTINGDEFECTS If anydefects,liensorencumbrancesexistingat CommitmentDatearenotshowninScheduleB,wemay amend ScheduleB to show them. If we do amendScheduleB to show thesedefects, liens or encumbrances,we shall be liableto you accordingto Paragraph4 below unlessyou knew of this informationanddid nottell usaboutit inwriting. UMITATION OFOURLIABILITY Ouronlyobligationisto issueto youthe Policyreferredto in thisCommitment,whenyou havemetits Requirements.If we haveany liabilityto you for any lossyou incur becauseof an error in this Commitment,our liabilitywill belimitedto youractuallosscausedbyyourrelyingonthis Commitment whenyouactedin goodfaithto: complywiththe RequirementsshowninScheduleB- SectionOne or eliminatewithourwrittenconsentanyExceptionsshowninScheduleB- SectionTwo. Weshallnotbeliablefor morethanthe PolicyAmount shown in ScheduleA of this Commitment and our liabilityissubjectto thetermsofthePolicyformto beissuedto you. CLAIMSMUSTBEBASEDONTHISCOMMITMENT Anyclaim,whetheror not basedon negligence,whichyoumayhaveagainstusconcerningthe title to the landmustbebasedonthiscommitmentandissubjectto itsterms. FirstAmetican Title FormNo.104.1 CommitmentNo.:NCS-38341-SA1 , ALTAPlainLanguageCommitment PageNumber:11 EXHIBITA LISTOFPRINTEDEXCEPTIONSANDEXCLUSIONS(BY POLICYTYPE) 1. C A L I F O R N I A L A N D T I T L E A S S O C I A T I O N S T A N D A R D C O V E R A G E P O L I C Y - 1 9 9 0 SCHEDULEB EXCEPTIONSFROMCOVERAGE Thispolicydoesnot insureagainstlossordamage(andtheCompanywill notpaycosts,attorneys'feesor expenses)whicharisebyreasonof: Taxesor assessmentswhicharenotshownasexistingliensbythe recordsof anytaxingauthoritythat leviestaxesor assessmentson realpropertyor bythe publicrecords.Proceedingsbyapublicagencywhichmayresultin taxesor assessments,or noticeof such proceedings,whetheror notshownby the recordsofsuchagencyor bythe publicrecords. Anyfacts,rights,interests,orclaimswhicharenotshownbythepublicrecordsbutwhichcouldbe ascertainedbyaninspectio n o f t h e l a n d or which maybeassertedbypersonsin possessionthereof. Easements,liensor encumbrances,or daimsthereof,whicharenotshownbythepublicrecords. Discrepancies,conflictsin boundarylines,shortigein area,encroachments,oranyotherfactswhichacorrectsurveywoulddisclose,and whichare notshownbythe publicrecords. (a) Unpatentedminingdairns;(b) reservationsorexceptionsin patentsor inActsauthorizingthe issuancethereof;(c)waterrights,daims or title to water,whetheror notthemattersexceptedunder(a),(b), or (c) areshownby thepublicrecords. EXCLUSIONSFROMCOVERAGE Thefollowingmattersareexpresslyexdudedfrom thecoverageofthispolicyandtheCompanywill notpaylossordamage,costs,attorneys'feesor expenseswhichariseby reasonof: 1.(a) Anylaw, ordinanceor governmentalregulation(includingbut not limitedto buildingandzoninglaws,ordinances,or regulations) restricting,regulating,prohibitingor relatingto (i) theoccupancy,use,or enjoymentof the land;(ii) thecharacter,dimensionsor locationof anyimprovementnowor hereaftererectedontheland;(iii) aseparationinownershipor a changeinthedimensionsorareaof t h e l a n d o r anyparcelof whichthelandisorwasa part;or (iv) environmentalprotection,orthe effectof anyviolationof theselaws,ordinancesor governmentalregulations,exceptto the extentthat anoticeof theenforcementthereofor anoticeof adefect,lienorencumbrance resultingfrom aviolationorallegedviolationaffectingthelandhasbeenrecordedin the publicrecordsat Dateof Policy. (b) Anygovernmentalpolicepowernot excludedby(a)above,exceptto the extentthat a noticeof theexercisethereofor a noticeof a defect,lienor encumbranceresultingfrom aviolationorallegedviolationaffectingthe landhasbeenrecordedinthe publicrecordsat Date .of Policy. 2.Rightsof eminentdomainunlessnoticeof theexercisethereofhasbeenrecordedin the publicrecordsat Dateof Policy,but not exduding from coverageanyt3kingwhichhasoccurredpriorto Dateof Policywhichwouldbebindingon therightsof a purc h a s e r f o r v a l u e w i t h o u t knowledge. 3.Defects,liens,encumbrances,adverseclaimsorothermatters: whetheror notrecordedinthepublicrecordsat Dateof Policy,but created,suffered,assumedor agreedto bythe insuredclaimant; not knownto theCompany,not recordedin thepublicrecordsat Dateof Policy,but knownto theinsuredclaimantandnot disclosedin writing to the Companybytheinsuredclaimantpriorto thedatethe insuredclaimantbecamean insuredunderthis policy; resultingin nolossordamageto the insureddaimant; attachingorcreatedsubsequentto Dateof Policy;or resultingin lossor damagewhichwouldnothavebeensust3inedif the insuredclaimanthadpaidvaluefor the insuredmortgageorfor the estateor interestinsuredbythis policy. 4.Unenforceabilityof the lienofthe insuredmortgagebecauseof the inabilityorfailureof theinsuredat Dateof Policy,orthe inabilityor failureof anysubsequentownerof the indebtedness,to complywith applicable"doingbusiness"lawsofthestatein whichthe landis situated. 5.Invalidity or unenforceabilityof the lienof theinsuredmortgage,or claimthereof,whicharisesout of thetransactionevidencedbythe insuredmortgageandisbaseduponusuryoranyconsumercreditprotectionortruth in lendinglaw. 6.Anydaim, whicharisesoutofthetransactionvestinginthe insuredtheestateor interestinsuredbytheirpolicyor thetransactioncreating the interestof theinsuredlender,byreasonof theoperationof federalbankruptcy,state insolvencyorsimilarcreditors'rightslaws. 2. A M E R I C A N L A N D T I T L E A S S O C I A T I O N O W N E W S P O L I C Y F O R M B - 1 9 7 0 SCHEDULEOFEXCLUSIONSFROMCOVERAGE Anylaw, ordinanceor governmentalregulation(includingbutnot limitedto buildingandzoningordinances)restrictingor regulatingor prohibitingtheoccupancy,useor enjoymentofthe land,orregulatingthe character,dimensionsor locationof any i m p r o v e m e n t n o w o r hereaftererectedonthe land,or prohibitingaseparationinownershipor a reductionin thedimensionsof areaof theland,or the effectof anyviolationof anysuchlaw,ordinanceor governmentalregulation. Rightsof eminentdomainorgovernmentalrightsof policepowerunlessnoticeof the exerciseof suchrightsappearsinthe publicrecordsat Dateof Policy. Defects,liens,encumbrances,adverseclaims,or othermatters(a) created,suffered,assumedor agreedto bytheinsuredclaimant (b) not knownto the Companyandnotshownbythepublicrecordsbut knownto the insuredclaimanteitherat Dateof Policyor at the datesuch daimant acquiredanestateor interestinsuredbythispolicyandnotdisclosedinwriting bythe insuredclaimantto theCompanypriorto the datesuchinsuredclaimantbecamean insuredhereunder;(c) resultingin no lossor damageto the insureddaimant;(cl)attachingor FirstAmericanTitle FormNo.1068-2 CommitmentNo.:NCS-38391-SA1 ALTAPlainLanguageCommitment PageNumber:12 createdsubsequentto Dateof Policy;or (e) resultinginlossordamagewhichwouldnot havebeensustainedif theinsuredclaimanthad paidvaluefor the estateor interestinsuredbythispolicy. 3. AMERICANLANDTITLEASSOCIATIONOWNER'SPOLICYFORMB- 1970 WITHREGIONALEXCEPTIONS WhentheAmericanLandTitle AssodationpolicyisusedasaStandardCoveragePolicyandnotasanExtendedCoveragePolicythe exdusionssetforth in paragraph2 aboveareusedandthefollowingexceptionsto coverageappearin the policy. SCHEDULEB Thispolicydoesnot insureagainstlossordamageby reasonofthemattersshownin partsoneandtwo following: PartOne Taxesor assessmentswhicharenotshownasexistingliensbytherecordsof anytaxingauthoritythat leviestaxesor assessmenton real propertyor bythe publicrecords. Anyfacts,rights,interests,or daimswhicharenotshownbythepublicrecordsbutwhichcouldbeascertainedbyan inspectionof saidland or by makinginquiryof personsin possessionthereof. Easements,claimsof easementorencumbranceswhicharenotshownbythe publicrecords. Discrepancies,conflictsin boundarylines,shortageinarea,encroachments,or anyotherfactswhichacorrectsurveywoulddisclose,and whicharenot shownby publicrecords. Unpatentedminingclaims;reservationsor exceptionsinpatentsorinActsauthorizingthe issuancethereof;waterrights,daimsor tideto water. Anylien,or right to a lien,for services,laboror materialheretoforeor hereafterfurnished,imposedby lawandnotshownbythe public records. 4.AMERICANLAND1TrLEASSOCIATIONLOANPOLICY- 1970 WITHA.LT.A.ENDORSEMENTFORM1COVERAGE SCHEDULEOFEXCLUSIONSFROMCOVERAGE Anylaw,ordinanceor governmentalregulation(includingbut notlimitedto buildingandzoningordinances)restrictingor regulatingor prohibitingtheoccupancy,useorenjoymentof theland,or regulatingthe character,dimensionsor locationof anyimprovementnowor hereaftererectedonthe land,or prohibitingaseparationin ownershipor a reductionin the dimensionsorareaofthe land,orthe effectof anyviolationof anysuchlawordinanceor governmentalregulation. Rightsof eminentdomainorgovernmentalrightsof policepowerunlessnoticeof the exerciseof suchrightsappearsinthe publicrecordsat Dateof Policy. Defects,liens,encumbrances,adversedairns,or othermatters(a) created,suffered,assumedor agreedto bytheinsureddaimant,(b) not knownto the Companyandnotshownby the publicrecordsbutknownto the insureddaimanteitherat Dateof Policyor at thedatesuch daimant acquiredanestateor interestinsuredbythispoky oracquiredthe insuredmortgageandnotdisclosedin wnling bythe insured claimantto the Companypriorto thedatesuchinsureddaimantbecamean insuredhereunder,(c) resultingin nolossor damageto the insuredclaimant (d) attachingorcreatedsubsequentto Dateof Policy(exceptto the extentinsuranceisaffordedhereinasto anystatutory lienfor laboror matrial orto theextentinsuranceisaffordedhereinasto assessmentsfor streetimprovementsunderconstructionor completedat Dateof Policy). Unenforceabilityof the lienof theinsuredmortgagebecauseoffailureof the insuredat Dateof Policyorof anysubsequentownerof the indebtednessto complywith applicable"doingbusiness"lawsof thestatein whichthe landissituated. AMERICANLANDTITLEASSOCIATIONLOANPOLICY- 1970 WITHREGIONALEXCEPTIONS WhentheAmericanLandTitle AssodationLendersPolicyis usedasa StandardCoveragePolicyandnotasan ExtendedCoveragePolicy,the exdusions setforth inparagraph4 aboveareusedandthefollowingexceptionsto coverageappearinthe policy. SCHEDULEB Thispolicydoesnot insureagainstlossordamageby reasonof themattersshownin partsoneandtwo following: PartOne I.Taxesor assessmentswhicharenotshownasexistingliensbytherecordsof anytaxingauthoritythat leviestaxesor assessmenton real propertyor bythe publicrecords. Anyfacts,rights,intere,b, orclaimswhicharenotshownby thepublicrecordsbutwhichcouldbe ascertainedbyan inspectionof saidland or by makinginquiryof personsin possessionthereof. Easements,claimsof easementorencumbranceswhicharenotshownby the publicrecords. Discrepancies,conflictsin boundarylines,shortagein area,encroachments,or anyotherfactswhichacorrectsurveywoulddisclose,and whicharenotshownbypublicrecords. Unpatentedminingclaims;reservationsor exceptionsin patentsor inActsauthorizingthe issuancethereof;waterrights,daimsor title to water. Anylien,or rightto a lien,for services,laboror materialtheretoforeor hereafterfurnished,imposedbylawandnotshownbythe public records. FirstAmerican77de FormNo.1068-2 CommitmentNo.:NCS-38391-SA1 , ALTAPlainLanguageCommitment PageNumber:13 6. AMERICANLANDTITLEASSOCIATIONLOANPOLICY- 1992 WITHA.L.T.A.ENDORSEMENTFORM1 COVERAGE EXCLUSIONSFROMCOVERAGE Thefollowingmattersareexpresslyexcludedfromthecoverageofthispoky andtheCompanywill notpaylossordamage,costs,attorneys'feesor expenseswhichariseby reasonof: 1.(a) Anylaw,ordinanceor governmentalregulation(indudingbutnot limitedto buildingandzoninglaws,ordinances,orregulations) restricting,regulating,prohibitingorrelatingto (i) theoccupancy,use,or enjoymentof the land;(ii) thecharacter,dimensionsor locationof anyimprovementnowor hereaftererectedonthe land;(iii) aseparationin ownershipor achangeinthedimensionsorareaof the landor anyparcelof whichthe landisorwasapart;or (iv) environmentalprotection,orthe effectof anyviolationoftheselaws,ordinancesor governmentalregulations,exceptto theextentthat a noticeoftheenforcementthereofor a noticeof adefect,lienor encumbrance resultingfrom aviolationor allegedviolationaffectingthelandhasbeenrecordedin the publicrecordsatDateof Policy; (b) Anygovernmentalpolicepowernotexdudedby (a)above,exceptto the extentthat a noticeof theexercisethereofor a noticeof a defect,lienor encumbranceresultingfromaviolationorallegedviolationaffectingthe landhasbeenrecordedin thepublicrecordsat Date of Policy. 2.Rightsof eminentdomainunlessnoticeof theexercisethereofhasbeenrecordedin the publicrecordsatDateof Policy,butnotexcluding fromcoverageanytakingwhichhasoccurredpriorto Dateof Policywhichwouldbebindingon therightsof a purchaserfor valuewithout knowledge. 3.Defects,liens,encumbrances,adversedaims,or othermatters: whetheror not recordedinthepublicrecordsat Dateof Policy,but created,suffered,assumedor agreedto bytheinsuredclaimant; not knownto the Company,notrecordedinthe publicrecordsat Dateof Policy,but knownto the insuredclaimantandnotdisdosedin writingto theCompanybythe insuredclaimantpriorto the datethe insureddaimantbecameaninsuredunderthis policy; resultingin no lossor damagetothe insuredclaimant; attachingor createdsubsequentto Dateof Policy(exceptto theextentthatthis policyinsuresthepriorityof the lienof the insured mortgageoveranystatutorylienforservices,laboror materialorthe extentinsuranceis affordedhereinasto assessmentsfor street improvementsunderconstructionorcompletedat dateof policy);or resultingin lossor damagewhichwouldnothavebeensustainedif the insuredclaimanthadpaidvalueforthe insuredmortgage. 4.Unenforceabilityof the lienof theinsuredmortgagebecauseoftheinabilityor failureof the insuredat Dateof Policy,ortheinabilityor failureof anysubsequentowneroftheindebtedness,to complywith theapplicable"doingbusiness"lawsofthe stateinwhichthelandis situated. 5.Invalidityor unenforceabilityof thelienof theinsuredmortgage,or daim thereof,whicharisesout of thetransactionevidencedbythe insuredmortgageandis baseduponusuryoranyconsumercreditprotectionor truth in lendinglaw. 6.Anystatutorylienfor services,laboror materials(or theclaimofpriorityof anystatutorylienfor services,laboror materialsoverthe lienof the insuredmortgage)arisingfromanimprovementorworkrelatedto the landwhichiscontractedfor andcommencedsubsequentto Date of Policyandisnotfinancedin wholeor in partby proceedsof theindebtednesssecuredby the insuredmortgagewhichat Dateof Policy the insuredhasadvancedor isobligatedto advance. 7.Anyclaim,whicharisesout of thetransactioncreatingthe interestof themortgageeinsuredbythispolicy,byreasonoftheoperationof federalbankruptcy,state insolvency,or similarcreditors'rightslaws,that is basedon: thetransactioncreatingthe interestoftheinsuredmortgageebeingdeemedafraudulentconveyanceorfraudulenttransfer;or thesubordinationof the interestof the insuredmortgageeasa resultof theapplicationof thedoctrineof equitablesubordination;or thetransactioncreatingthe interestof theinsuredmortgageebeingdeemeda preferentialtransferexceptwherethepreferential transferresultsfrom the failure: to timelyrecordthe instrumentoftransfer;or ofsuchrecordationto impartnoticeto a purchaserfor valueor ajudgmentor liencreditor. 7. AMERICANLANDTITLEASSOCIATIONLOANPOLICY- 1992 WITHREGIONALEXCEPTIONS WhentheAmericanLandTitle Associationpolicyisusedasa StandardCoveragePolicyandnot asan ExtendedCoveragePolicytheexclusionssetforth in paragraph6 aboveareusedandthe followingexceptionsto coverageappearinthe policy. SCHEDULEB Thispolicydoesnot insureagainstlossor damage(andtheCompanywill notpaycosts,attorneys'feesor expenses)whicharisebyreasonof: Taxesor assessmentswhicharenotshownasexistingliensbytherecordsof anytaxingauthoritythat leviestaxesorassessmentson real propertyor bythe publicrecords. Anyfacts,rights,interests,or daimswhicharenotshownbythepublicrecordsbutwhichcouldbeascertainedby an inspectionof said landor by makinginquiryof personsin possessionthereof. Easements,claimsof easementorencumbranceswhicharenotshownbythe publicrecords. Discrepancies,conflictsin boundarylines,shortagein area,encroachments,or anyotherfactswhichaaimed surveywoulddisclose,and whicharenot shownby publicrecords. Unpatentedminingdairns; reservationsor exceptionsinpatentsor inActsauthorizingthe issuancethereof;waterrights,claimsor title to water. Anylien,or rightto a lien,for services,laboror materialtheretoforeor hereafterfurnished,imposedbylawandnotshownbythe public records. 8. AMERICANLANDTITLEASSOCIATIONOWNER'SPOLICY- 1992 FirstAmerican7711e FormNo.1068-2 CommitmentNo.:NCS-38391-SA1 ALTAPlainLanguageCommitment PageNumber:14 EXCLUSIONSFROMCOVERAGE ThefollowingmattersareexpresslyexdudedfromthecoverageofthispolicyandtheCompanywill notpaylossor damage,costs,attorneys'feesor expenseswhicharisebyreasonof: 1.(a) Anylaw,ordinanceor governmentalregulation(includingbutnotlimitedto buildingandzoninglaws,ordinances,or regulations) restricting,regulating,prohibitingor relatingto (i) theoccupancy,use,or enjoymentof the land;(ii) thecharacter,dimensionsor locationof anyimprovementnowor hereaftererectedonthe land;(iii) a separationin ownershipor a changeinthedimensionsor areaof thelandor anyparcelofwhichthe landis or wasapart;or (iv) environmentalprotection,or theeffectof anyviolationoftheselaws,ordinancesor governmentalregulations,exceptto the extentthat anoticeof theenforcementthereofor a noticeof a defect,lienor encumbrance resultingfromaviolationor allegedviolationaffectingthelandhasbeenrecordedin thepublicrecordsat Dateof Policy. (b) Anygovernmentalpolicepowernot exdudedby (a)above,exceptto the extentthat a noticeof theexercisethereofor a noticeof a defect,lienorencumbranceresultingfromaviolationorallegedviolationaffectingthelandhasbeenrecordedinthepublicrecordsat Date of Policy. 2.Rightsof eminentdomainunlessnoticeoftheexercisethereofhasbeenrecordedin thepublicrecordsat Dateof Policy,butnotexcluding from coverageanytakingwhichhasoccurredpriorto Dateof Pohcywhichwouldbebindingonthe rightsof apurchaserfor valuewithout knowledge. 3.Defects,liens,encumbrances,adversedaims,or othermatters: created,suffered,assumedor agreedto bytheinsuredclaimant; not knownto the Company,notrecordedinthe publicrecordsat Dateof Policy,but knownto the insuredclaimantandnotdisdosedin writing to theCompanybythe insureddaimantpriortothe datethe insuredclaimantbecamean insuredunderthis policy; resultinginno lossor damagetothe insuredclaimant, attachingorcreatedsubsequentto Dateof Policy;or resultinginlossor damagewhichwouldnothavebeensustainedif the insureddaimanthadpaidvaluefor theestateor interestinsured bythis policy. 4.Anyclaim,whicharisesout of the transactionvestinginthe insuredthe estateor interestinsuredbythispolicy,by reasonofthe operation of federalbankruptcy,state insolvency,orsimilarcreditors'rightslaws,that isbasedon: the transactioncreatingthe estateor interestinsuredby thispolicybeingdeemedafraudulentconveyanceor fraudulenttransfer;or the transactioncreatingthe estateor interestinsuredbythispolicybeingdeemeda preferentialtransferexceptwherethepreferential transferresultsfrom the failure: to timelyrecordthe instrumentof transfer;or of suchrecordationto impartnoticeto a purchaserforvalueorajudgmentor liencreditor. 9. AMERICANLANDTITLEASSOCIATIONOWNEWSPOLICY- 1992 WITH REGIONALEXCEPTIONS WhentheAmericanLandTrtleAssociationpolicyisusedasa StandardCoveragePolicyandnotasan ExtendedCoveragePoky the exclusionssetforth in paragraph8 aboveareusedandthe followingexceptionsto coverageappearinthe policy. SCHEDULEB Thispolicydoesnot insureagainstlossor damage(andtheCompanywill notpaycosts,attorneys'feesor expenses)whichariseby reasonof: PartOne: Taxesor assessmentswhichare notshownasexistingliensbytherecordsof anytaxingauthoritythat leviestaxesor assessmentson real propertyor bythe publicrecords. Anyfacts,rights,interests,or daimswhicharenotshownby thepublicrecordsbutwhichcouldbeascertainedbyaninspectionof saidland or by makinginquiryof personsin possessionthereof. Easements,daimsof easementor encumbranceswhicharenotshownbythe pubricrecords. Discrepancies,conflictsin boundarylines,shortageinarea,encroachments,or anyotherfactswhichacorrectsurveywoulddisclose,and whicharenotshownby publicrecords. Unpatentedminingclaims;reservationsorexceptionsinpatentsorinActsauthorizingthe issuancethereof;waterrights,claimsortitle to water. Anylien, orrightto a lien,for services,laborormaterialtheretoforeor hereafterfurnished,imposedbylawandnotshownby thepublic records. 10. AMERICANLANDTITLEASSOCIATIONRESIDENTIAL TITLEINSURANCEPOLICY- 1987 EXCLUSIONS In additionto the Exceptionsin ScheduleB,youarenotinsuredagainstloss,costs,attorneys'feesandexpensesresultingfrom: 1.Governmentalpolicepower,andtheexistenceorviolationof anylawor governmentregulation.Thisincludesbuildingandzoning ordinancesandalsolawsandregulationsconcerning: * landuse * landdivision * improvementsonthe land * environmentalprotection Thisexclusiondoesnot applyto violationsortheenforcementofthesematterswhichappearin the publicrecordsat PolicyDate. Thisexdusiondoesnot limit the zoningcoveragedescribedin items12and 13of CoveredTitle Risks. firstAmericanTitle FormNo.1068-2 CommitmentNo.:NCS-38391-SA1 , ALTAPlainLanguageCommitment PageNumber:15 Theright to takethelandbycondemningit, unless: * anoticeof exercisingthe right appearsinthepublicrecordsonthePolicyDate * the taking happenedpriorto the PolicyDateandisbindingonyouif youboughtthe landwithout knowingof thetaking. Title Risks: * that are created,allowed,or agreedto byyou * that are knownto you,but not to us,onthePolicyDate- unlesstheyappearedin the publicrecords * that resultin nolossto you * that first affectyourtitle afterthe PolicyDate- thisdoesnotlimitthelaborandmaterialliencoveragein Item 8 ofCoveredTitle Risks Failureto payvaluefor yourtitle. Lackof a right: * to anylandoutsidethe areaspecificallydescribedandreferredto in Item 3of ScheduleA,or * instreets,alleys,orwaterwaysthat touchyourland Thisexclusiondoesnotlimit the accesscoverageinItem 5ofCoveredTitleRisks. 11. EAGLEPROTECTIONOWNER'SPOLICY CLTAHOMEOWNEWSPOLICYOFTITLEINSURANCE- 1998 ALTAHOMEOWNER'SPOLICYOFTITLEINSURANCE- 1998 CoveredRisks14(SubdivisionLawViolation).15(BuildingPermit).16(Zoning)and18(Encroachmentofboundarywallsorfences)aresubjectto DeductibleAmountsandMaximumDollarLimitsofLiability EXCLUSIONS In additionto the Exceptionsin ScheduleB,you arenotinsuredagainstloss,costs,attorneys'fees,andexpensesresultingfrom: 1.Governmentalpolicepower,andthe existenceorviolationof anylaworgovernmentregulation.Thisincludesordinances,lawsand regulationsconcerning: a. building b. zoning landuse d. improvementsonthe land e.landdivision f. environmentalprotection Thisexdusiondoesnotapplyto violationsortheenforcementofthesemattersif noticeof the violationor enforcementappearsinthe PublicRecordsatthe PolicyDate. Thisexclusiondoesnotlimit the coveragedescribedinCoveredRisk14,15,16,17or 24. 2.Thefailureof Yourexistingstructures,or anypartofthem,to beconstructedinaccordancewith applicablebuildingcodes.ThisExdusion doesnot applyto violationsof buildingcodesif noticeof theviolationappearsinthe PublicRecordsat thePolicyDate. 3.Theright to takethe Landbycondemningit, unless: a noticeof exercisingthe right appearsinthe PublicRecordsatthe PolicyDate;or the taking happenedbeforethe PolicyDateandisbindingonYouif Youboughtthe Landwithout Knowingofthe taking. 4.Risks: that are created,allowed,or agreedto byYou,whetherornottheyappearinthe PublicRecords; that are Knownto Youat the PolicyDate,but notto Us,unlesstheyappearin the PublicRecordsat thePolicyDate; that resultinnolossto You;or that first occurafterthe PolicyDate- thisdoesnotlimitthecoveragedescribedinCoveredRisk7, 8.d,22,23,24or 25. 5.Failureto payvaluefor YourTale, . 6.tack of a right: to any Landoutsidethe areaspecificallydescribedandreferredto in paragraph3 of ScheduleA; and in streets,alleys,orwaterwaysthat touchthe Land. Thisexclusiondoesnotlimit the coveragedescribedinCoveredRisk11or 18. 12. AMERICANLANDTITLEASSOCIATIONLOANPOLICY- 1992 WITH A.LT.A. ENDORSEMENTFORM1 COVERAGE WITH EAGLEPROTECTIONADDED EXCLUSIONSFROMCOVERAGE Thefollowingmattersareexpresslyexdudedfromthecoverageof thispolicyandtheCompanywill notpay lossor damage,costs,attorneys'feesor expenseswhichariseby reasonof: FirstAmericanTitle FormNo.1068-2 CommitmentNo.: NCS-38391-SA1 , ALTAPlainLanguageCommitment PageNumber: 16 1.(a) Anylaw,ordinanceorgovernmentalregulation(includingbutnotlimitedto buildingandzoninglaws,ordinances,or regulations) restricting,regulating,prohibitingor relatingto (i) theoccupancy,use,or enjoymentof the Land;(ii) the character,dimensionsorlocation of anyimprovementnowor hereaftererectedontheLand;(iii)aseparationin ownershipor achangein thedimensionsor areaofthe Land or anyparcelof whichtheLandisorwasa part; or(iv) environmentalprotection,or the effectof anyviolationoftheselaws,ordinancesor governmentalregulations,exceptto the extentthatanoticeoftheenforcementthereofor a noticeof a defect,lienor encumbrance resultingfrom aviolationor allegedviolationaffectingthe land hasbeenrecordedin the PublicRecordsat Dateof Policy.Thisexclusion doesnot limit the coverageprovidedunderinsuringprovisions14,15,16and24of this poky. (b) Anygovernmentalpolicepowernotexdudedby(a) above,exceptto the extentthat a noticeof the exerdsethereofor anoticeof a defect,lienor encumbranceresultingfromaviolationor allegedviolationaffectingthe landhasbeenrecordedinthePublicRecordsat Date of Policy.Thisexclusiondoesnotlimitthecoverageprovidedunderinsuringprovisions14,15,16and24ofthispolicy. 2.Rightsof eminentdomainunlessnoticeof theexerdsethereofhasbeenrecordedin the PublicRecordsat Dateof Policy,but notexcluding from coverageanytakingwhichhasoccurredpriorto Dateof Policywhichwouldbebindingon the rightsof a purchaserfor valuewithout Knowledge. 3.Defects,liens,encumbrances,adversedaimsor othermatters: created,suffered,assumedor agreedto bytheInsuredaaimant; notknownto the Company,notrecordedinthe PublicRecordsat Dateof Policy,but Knownto theInsuredClaimantandnotdisclosedin writing to theCompanybytheInsuredClaimantpriorto thedatetheInsuredClaimantbecameanInsuredunderthis policy; resultingin no lossordamageto theInsuredClaimant; attachingor createdsubsequentto Dateof Policy(thisparagraph(d) doesnot limitthe coverageprovidedunderinsuringprovisions7, 8, 16,17,19,20, 21,23, 24and25);or resultingin lossor damagewhichwouldnot havebeensustainedif the InsuredClaimanthadpaidvaluefor theInsuredMortgage. 4.Unenforceabilityof the lienof the InsuredMortgagebecauseoftheinabilityor failureof the Insuredat Dateof Policy,or theinabilityor failureof anysubsequentownerof the indebtedness,to complywith applicabledoingbusinesslawsof thestateinwhichthe Landis situated. 5.Invalidityor unenforceabilityof the lienof theInsuredMortgage,or claimthereof,whicharisesoutof thetransactionevidencedbythe InsuredMortgageandisbasedupon: usury,exceptasprovidedunderinsuringprovision10ofthispolicy;or anyconsumercreditprotectionor truth in lendinglaw. 6.Taxesor assessmentsof anytaxingor assessmentauthoritywhichbecomea lienon the Landsubsequentto Dateof Policy. 7.Anyclaim,whicharisesout ofthetransactioncreatingtheinterestofthemortgageeinsuredby thispolicy,byreasonof theoperationof federalbankruptcy,stateinsolvency,or similarcreditorsrightslaws,that is basedon: thetransactioncreatingthe interestof the insuredmortgageebeingdeemeda fraudulentconveyanceorfraudulenttransfer;or thesubordinationofthe interestof the insuredmortgageeasa resultof the applicationof the doctrineof equitablesubordination;or thetransactioncreatingthe interestof the insuredmortgageebeingdeemedapreferentialtransferexceptwherethe preferential transferresultsfrom thefailure: to timelyrecordthe instrumentof transfer,or of suchrecordationto impartnoticeto a purchaserfor valueorajudgmentor liencreditor. 8.Anydaim of invalidity,unenforceabilityor lackof priorityof thelienof the InsuredMortgageasto advancesor modificationsmadeafterthe InsuredhasKnowledgethat thevesteeshowninScheduleA isnolongerthe ownerof the estateor interestcoveredbythispolicy.This exclusiondoesnot limit thecoverageprovidedunderinsuringprovision7. 9.Lackof priorityof the lienof theInsuredMortgageasto eachandeveryadvancemadeafter Dateof Poky, andallinterestcharged thereon,overliens,encumbrancesandothermattersaffectingtitle, theexistenceof whichare Knownto theInsuredat: Thetimeof the advance;or Thetimea modificationismadeto thetermsoftheInsuredMortgagewhichchangesthe rateof interestcharged,if therateof interest isgreaterasa resultof themodificationthanitwouldhavebeenbeforethe modification. Thisexclusiondoesnot limitthe coverageprovidedunderinsuringprovision7. SCHEDULEB Thispolicydoesnotinsureagainstlossor damage(andtheCompanywillnotpaycosts,attorneys'feesor expenses)whichariseby reasonof: 1.Environmentalprotectionliensprovidedfor bythefollowingexistingstatutes,whichlienswill havepriorityoverthe lienof theInsured Mortgagewhenthey arise:NONE. 13.AMERICANLANDTITLEASSOCIATIONLOANPOLICY- 1992 WITHEAGLEPROTECTIONADDED WITHREGIONALEXCEPTIONS WhentheAmericanLandTitle Assodationloanpolicywith EAGLEProtectionAddedisusedasa StandardCoveragePolicyandnot asan Extended CoveragePolicytheexclusionssetforth in paragraph12aboveareusedandthefollowingexceptionsto coverageappearinthe policy. SCHEDULEB Thispolicydoesnotinsureagainstlossor damage(andtheCompanywillnotpaycosts,attorneys'feesor expenses)whicharisebyreasonof: PartOne: Taxesorassessmentswhicharenotshownasexistingliensbythe recordsof anytaxingauthoritythat leviestaxesor assessmentson real propertyor by the publicrecords. Anyfacts,rights,interests,or claimswhicharenotshownbythepublicrecordsbutwhichcouldbeascertainedbyaninspectionof saidland or by makinginquiryof personsin possessionthereof. FirstAmericanTitle FormNo.1068-2 CommitmentNo.:NCS-38391-SA1 ALTAPlainLanguageCommitment PageNumber:17 Easements,claimsof easementor encumbranceswhicharenotshownbythe publicrecords. Discrepancies,conflictsin boundarylines,shortagein area,encroachments,oranyotherfactswhichacorrectsurveywoulddisdose,and whicharenotshownbypublicrecords. Unpatentedminingclaims;reservationsorexceptionsin patentsor inactsauthorizingthe issuancethereof;waterrights,claimsortitle to water. Anylien,or rightto alien,for services,laboror materialtheretoforeor hereafterfurnished,imposedbylawandnotshownbythepublic records. PartTwo: 1.Environmentalprotectionliensprovidedfor bythefollowingexistingstatutes,whichlienswill havepriorityoverthelienoftheInsured Mortgagewhentheyarise:NONE FifstAmericanTit/e POI?. N.E. 1/4, N.E 1/4, SEC /5,r.5 5., // . 62011579914 t 142- -...- rt C) WI GOLDEN WEST — o 411 0 0 rrcli•0 tk2 0 ct tu 2 0 0 8 '4 59 ,,,, • N TE - ASSESSOR'S BLOCKa ASSESSOR'SMAP iNARCI4 /9E2 PARCEL MAP P Al. 55-32 TR. NO. 3999 M. AI. /3E1- 4/, 42 PAICEL SHOWN IN CIRCLES R: IJUMRERS 300/C145 PACE 23 (I)COUNTY OF ORANGE 0 U THIS MAP SHOULD BE.USED FOR REFERENCE PURPOSES ONLY. NO LIABILITY Id cv.. w .IS ASSUMED FOR THE ACCURACY OF THE DATA SHOWN. PARCELS MAY NOT COMPLY WITH LOCAL SUBDIVISION OR BUILDING ORDINANCES. 41/ AAR ‘,,,art ,g 0 • Att. • 0/ 44 23 st as 21 27 20 0 a 145-23. -• STREET -nas....INAS PREPARED FOR MAME COUNTY ASSESSOR DEPT.KffiroseoceamTHEASSES -SOR MARESNO GUARANTEEAS TORS ACCURACYNOR ASSUMES ANY UABLITY FOR omen USES. OCOPYRIGHTORANGE COM/1Y ASSESSOR 1090. NOTTOSE REPRODUCED.ALLmoms RESERVER ;MOO'%. 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NI' 0 IA @ /04 LIJ /08 26 2/ /4 5/ 44 C.) 4 0 27 20 0 69 5045 0 Lu PARR 5974 AC. P. Al. 55 - 32 /5".0SO" 67 00CD0 5 43 .4.- >, 0 28 /9 el_ 23 .„--J CI I.04 '53 42 403' ,ksll /0,8 '29 /8 /Os',‘‹ ...;.,66 72 '54 40 4/1...a 30 /6 /7 7.2-ra roZ'® ‘4 0 CD c3 ® .;t CD @ 't,CD (..)-- 65 .Ao'.ao' 147.03' 54 72 72. 64 YORKSHIRE LANEPAR//07. /4. -1,4.00 7.2 40,02'/. 00 139'147.03*4/3' MA RCH /962 TR. NO. 3889 M. M. 138 —41, 42 PARCEL MAP P 41. 55-32 7 /08.23 27. * .e 1,1/4,-EL..,04 -...,Q62.33 rs*55 10Z/9 37 ex 5 56 39 38/ere: /Az-7e ,„..31 /001 G7.37,,,,'329/. 32 /3/5 /1.:.0' ti 1%6/0 -1 ‘ii ®0 ..)t4 0 ,,,® ;','-... 'A N..,* 10.0.Ct i 0 /00 'Ctlei .9570 ' 4.07..; CI 5) ,I 0 C, ,,,,,, 362260r4Ct 0 u 441, 4. 8 .3 N,cz,3 0 zoo. 58 35 °;=.2.. 't 4 '''t0 .4C)NO. 889C1‘3 33 /2 /ea' 34 // /00'59 GA'G.:2' NOTE - ASSESSOR'S BLOCK 8 ASSESSOR'S MAP PARCEL NUMBERS BOOKI45 PAGE 23 SHOWN IN CIRCLES COUNTY OF ORANGE FLINT/N.98E LANE C