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l r L1HU»JO[ ~rr,i .~{;;F a:3.t ')j J~y x ,o,;.>.~: ~68h (j f ? ~ k~t~..; ;i~= :•.;'= ;'No_ :C7~7~ .. .~'S~i'v C1 :' v.iL.~i~.~..~t7l iL L({~~ ~ .LL'1\~1L' ;'l.~ r r Icon d.~e I~onCoa ,l1'~:U.~ ;'tit ;,:, SUBJECT TO THE EXCLUSIONS FROM COVERAGE. THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE R AND THE CONDITIONS AND STIPULATIONS, OLD fEPUBLIC NATIONAL TITLE INSURANCE COMPANY, a Minnesota corporation, herein called the Company, insures, as of IGG11{{ ~~ nn shown in Schedule A, against loss or damage, not exceeding the Amount oI Insurance stated in Schedule A, sustained er incu~i~VsYr~ W reason of: I Title to the estate or interest described in Schedule A being vested other than as stated therein; 2 Any defect in er lien or encumhrance on the title. DCC q ~ 19nc 3. Unmarketabiliry of the title: C 1 JU 4 Lack of a right of access to and Irom the land: 5 The invalidity or unenlorceability 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. ~Ni5100 Ol lhtn@Gi~S K l="~?'~a~~` 7. Lack of priority of the lien of the insured mortgage over any statutory lien for services, labor or material lal arising from an improvement or work related to the land which is conuacted for or commenced prior to Date of Polity; or Ibl arising Irom an improvement or work related to the land which is contacted for or commenced subsequent to Date of Policy and which is financed in whole or in pan by proceeds of the indebtedness secured by the insured mortgage which al Date oI Policy the insured has advanced or is obligated to advance. 8. The invalidity or unenlorceahility of any assignment el the insured ma«gage, provided the assignment is shown in Schedule A, or the failure of the assignment shown in Schedule A to vest line to the insured mortgage in the named insured assignee Iree and clear of all liens. the Company will also pay the costs, attorneys' lees and expenses incurred in defense oI the title or the lien oI the insured mortgage, as insured, but only to the extent provided in the Conditions and Stipulations. IN WITNESS WHEREOF, the said OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY has caused its corporate name and seal to be hereunto affixed by its duly authorized officers as of the date shown m Schedule A, the policy to be valid when countersigned M' an authorized officer or agent of the Company. EXCLUSIONS FROM COVERAGE ilia following masers are expressly excluded from the coverage of this poly and the Company will not pay loss or damage, casts, attorneys' fees ar expenses which arise by reason of. t lal Any law, ordinance ar governmental regulation )including but not limned to building and toning laws. ordinances, or regulations) restricting, regulating, prohibiting or relating to ICI the occupancy. use. or enjoyment of the land, liil the character, dimensions or location of any improvement now or hereafter erected on the land; liiil a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part: or livl environmental protection, or the ellect of any violation of these laws. ordinances or governmental regulations, except to the extent that a notice of the enforcement thereol or a notice of a detect. lien or encumhrance resulting from a violation or alleged violation affecting ilia land has been recorded in the public records at Date of Policy. Ibl Any governmental police power not excluded by lal above. except to the extent that a notice of the exercise thereol or a notice of a defect, lien or encumbrance resulting Irom a violation or alleged violation aliening the land has been recorded in the public records at Date of Policy. 2 flights of eminent domain unless notice of the exercise thereol has been recorded in the public records al Date of Policy. but not excluding Irom coverage any taking which has occurred prior to Dale oI Policy which would be binding on the rights of a purchaser for value without knowledge. 3 Detects, liens, encumbrances. adverse claims or other matters. ;al Created, suffered, assumed or agreed 1« by the insured cla~manl: bl not known to the Company, not recorded in the public records al Date of Policy. but known to the insured claimant and no[ disclosed in writing to the Company by the insured claimam prior to the date the insured claimant became an msmed under this policy: cl resulting in no loss or damage Io the insured claimant: dl attaching or created subsequem to Date of PoIreY lexcepl m the namm that this policy insures the pnonry of the lien of the insured mortgage over any statutory lien for services, labor of materiag, or el resulting in loss or damage which would not have been ~usta~ned tl the msureu ~ ~~mam h,~d paid vahie for Uic insured mortgage. 4 Unenforceabiliry of the lien ul the insured mortgage because of Ute inability or ladure of the insured at Date of Policy, or the inability or failure of any subsequent owner of the indebtedness, to comply with applicable doing business laws oI the state in which the land is situated. 5 Invalidity or unenlerceabiliry of the lien of the insured mortgage. or claim thereof, which arises out of the transaction evidenced by the insured mortgage and is used upon usury or any consumer credit protection or truth in lending law 6 4ny statutory lien for services. labor or materials for the claim of priority nl any statutory lien for services, labor or materials over the lien of the insured nengagel arising from an improvement or work related to the land which is contracted for and commenced subsequent to Date of Policy and is not financed in •Nhole or in part M proceeds of the indebtedness secured by the insured mortgage which at Date of Policy the insured has advanced or is obligated to advance. 7 .4ny claim, which arises out of the transaction creating the interest of the mortgagee insured by this policy. by reason of the operation of federal bankruptcy. .;rate insolvency, or similar creditors' rights laws, that is based on' lal the transaction creating the interest of the insured mortgagee being deemed a fraudulent conveyance or fraudulent transfer: or Ibl the subordination of ilia interest of the insured mortgagee as a result of the application of the doctrine of equitable subordination: or Ic) 'the transaction creating the interest of the insured mony~gee being deemed a preferential lransler except where the preferential transfer results from the failure: lit to timely record the instrument al transfer; or liif of such recordation to impart notice to a purchaser for value or a judgment ar lien creditor. Issued through the 0/lice of OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY LAND TITLE GUARANTEE COMPANY A Stack Company 3030 E FlR57 AVENUE, SUITE 600 400 Second Avenue South. Minneapolis, Minnesota 5 1 DENVER, COLORAD0602o6 (61113741111 °~,L rm i aoYatt tea0 _~ `o President By _ _;,~ gym: ~: Aurhorited Signatory Attest yb * ~ a ,~ Secmta ~u . + Q // ry