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Fonn No. 1056 (6/87) . AL T A Lqan Policy - Form 1 Schedule B - Part 1 SCHEDULE B File No. FA4923 Policy No. CW-4817424 EXCEPTIONS FROM COVERAGE This Policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) which arise by reason of: PART I Section One I. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxes or assessments on real property or by the public records. 2. Any facts, rights, interest or claims which are not shown by the public records but which could be ascertained by an inspection of said land or by making inquiry of persons in possession thereof. 3. Easements, or claims of easement or encumbrances which are not shown by the public records. 4. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, or any other facts which a correct survey would disclose, and which are not shown by public records. 5. Unpatented mining claims; reservations or exceptions in patents or in acts authorizing the issuance thereof; water rights, claims or title to water. 6. Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. Section Two I. "... and there is reserved from the lands hereby granted, a right-of-way thereon for ditches or canals constructed by the authority of the United Slates. Excepting and reserving, however. to the United States all the coal and other minerals in the lands so entered and patented together with the right to prospect for, mine and remove the same pursuant to the provisions and limitations of the Act of December 29,1916 (39 Stal., 362)", as reserved in United States Patent dated April 19, 1926 and recorded November 13, 1929 in Book 68 at Page 355, and any and all assignments thereof or interests therein. 2. "Excepting and reserving to the grantors, their heirs and assigns an undivided one-half (1/2) of their present interest in and to all oil, gas and other minerals in, on and beneath the above-described premises", as reserved by L.T. Boyer and Jean Dallas Boyer in the Deed to R. Edward Spicer, recorded September 2,1947 in Book 144 at Page 23, and any and all assignments thereof or interests therein. NOTE: At the date of the above conveyance, said LT. Boyer and Jean Dallas Boyer were the owners of an undivided 1/2 interest in and to the subject property. 3. "Excepting and reserving to R. Edward Spicer all of his present undivided right, title and interest in and to the oil, gas, coal and other minerals of any kind or character, and to Roy E. Spicer an undivided one-half (1/2) interest of his present right, title and interest in and to all oil, gas, coal and other minerals of any kind or cbaracter whatsoever in and to the above-described premises; it being the intention ofthe parties hereto that the ownership of mineral rights in and to the above-described lands shall stand as follows: R. Edward Spicer - 25%, Roy E. Spicer - 25%, Martin Cull - 25%, L.T. Boyer and Jean Dallas Boyer - 25%", as reserved in the Deed to Martin Cull and Reta Cull recorded February 16, 1950 in Book 160 at Page 382, and any and all assignments thereof or interests therein.