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<br /> . Form No. 1056.92 '1. ,'.
<br /> �i ,y;:).( (10/17/92) '`,,,,,v,,:.,
<br /> '
<br /> fftjALTA Loan Policy r ,
<br /> Form 1
<br /> ,jINSURANCE _.
<br /> OF TITLE
<br /> 'itis, iFrst American Title Insurance Company
<br /> qJ
<br /> G
<br /> _ ” SUBJECT TO THE EXCLUSIONS FROM COVERAGEt 41t , THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND
<br /> ' THE CONDITIONS AND STIPULATIONS,FIRST AMERICAN TITLE INSURANCE COMPANY,a California corporation,herein called a1 '
<br /> ;'-4 the Company,insures,as of Date of Policy shown in Schedule A,against loss or damage,not exceeding the Amount of Insurance ►4hf,:
<br /> stated in Schedule A, sustained or incurred by the insured b reason of: a'
<br /> . p 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; 1
<br /> }14%11 4. Lack of a right of access to and from the land; Pp y
<br /> ,t 5. The invalidity or unenforceability of the lien of the insured mortgage upon the title; A
<br /> _' 6. The priority of any lien or encumbrance over the lien of the insured mortgage; Viµ,
<br /> 7. Lack of priority of the lien of the insured mortgage over any statutory lien for services, labor or material:
<br /> 441 (a) arising from an improvement or work related to the land which is contracted for or commenced prior to Date I '-
<br /> of Policy; or -
<br /> by
<br /> (b) arising from an improvement or work related to the land which is contracted for or commenced subsequent 'o
<br /> ;Y to Date of Policy and which is financed in whole or in part by proceeds of the indebtedness secured by the insured -
<br /> :
<br /> � or mort a e which at Date of Policy the insured has advanced or is obli ated to advance; 10 4.
<br /> 44 8. Any assessments for street improvements under construction or completed at Date of Policy which now have 4' t
<br /> A' gained or hereafter may gain priority over the insured mortgage; 111 _?...
<br /> r ;{ 9. The invalidity or unenforceability of any assignment of the insured mortgage, provided the assignment is shown
<br /> in Schedule A, or the failure of the assignment shown in Schedule A to vest title to the insured mortgage in the
<br /> x named insured assignee free and clear of all liens.
<br /> -tir
<br /> r*th The Company will also pay the costs, attorneys'fees and expenses incurred in defense of the title or the lien of the insuredzo ,.
<br /> - mortgage, as insured, but only to the extent provided in the Conditions and Stipulations. ""
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<br /> r , First American Title Insurance Company ti
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<br /> Yr BI ,.0 , . "/, PRESIDENT
<br /> A .‘ii
<br /> ^,AI A A AT'T'EST / SECRETARY c
<br /> lr 1111 [ j .4.14... 4
<br /> VW?b411411040
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